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Other Investments (Tables) | 3 Months Ended
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Mar. 31, 2021
Investments, All Other Investments [Abstract] |
Schedule of other investments and proportionate share of earnings from equity method investments | The Company's other investments and its proportionate share of earnings (losses) from equity method investments were as follows ($ in thousands):
|  |  | Earnings (Losses) from Equity Method Investments(1)
| Carrying Value as of |  | For the Three Months Ended March 31, |  |
| March 31, 2021 |  | December 31, 2020 |  | 2021 |  | 2020 |  |  |  |
Real estate equity investments |  |  |  |  |  |  |  |  |  |  |
Safehold Inc. ("SAFE")(2) | $ | 955,758 |  |  | $ | 937,712 |  |  | $ | 11,412 |  |  | $ | 19,338 |  |  |  |  |
iStar Net Lease II LLC ("Net Lease Venture II") | 84,481 |  |  | 78,998 |  |  | 1,001 |  |  | 193 |  |  |  |  |
Other real estate equity investments | 69,084 |  |  | 89,939 |  |  | (602) |  |  | (2,082) |  |  |  |  |
Subtotal | 1,109,323 |  |  | 1,106,649 |  |  | 11,811 |  |  | 17,449 |  |  |  |  |
Other strategic investments(3) | 127,972 |  |  | 69,911 |  |  | 958 |  |  | (837) |  |  |  |  |
Total | $ | 1,237,295 |  |  | $ | 1,176,560 |  |  | $ | 12,769 |  |  | $ | 16,612 |  |  |  |  |
____________________________________________________________ (1)For the three months ended March 31, 2021 and 2020, earnings (losses) from equity method investments is net of the Company's pro rata share of $5.6 million and $4.0 million, respectively, of depreciation expense and $15.5 million and $13.7 million, respectively, of interest expense. (2)As of March 31, 2021, the Company owned 34.8 million shares of SAFE common stock which, based on the closing price of $70.10 on March 31, 2021, had a market value of $2.4 billion. For the three months ended March 31, 2021 and 2020, equity in earnings includes dilution gains of $0.5 million and $7.9 million, respectively, resulting from SAFE equity offerings. (3)During the three months ended March 31, 2021 and 2020, the Company identified observable price changes in an equity security held by the Company as evidenced by orderly private issuances of similar securities by the same issuer. In accordance with ASC 321, the Company remeasured its equity investment at fair value and recognized aggregate mark-to-market gains for the three months ended March 31, 2021 and 2020 of $5.1 million and $9.9 million, respectively, in "Other income" in the Company's consolidated statements of operations.
Schedule of summarized financial information | The following table presents the investee level summarized financial information for the Company's equity method investment that was significant as of March 31, 2021 ($ in thousands):
|  | Revenues |  | Expenses |  | Net Income Attributable to Parent
For the Three Months Ended March 31, 2021 |  |  |  |  |  |
SAFE |  | $ | 43,507 |  |  | $ | 27,174 |  |  | $ | 16,908 |
For the Three Months Ended March 31, 2020 |  |  |  |  |  |
SAFE |  | $ | 40,165 |  |  | $ | 23,587 |  |  | $ | 17,347 |

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- Definition [Table Text Block] for Equity Method Investments, Summarized Financial Information [Table] + References No definition available. + Details
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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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