Safehold 10-K 26 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2015	Feb. 19, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	ISTAR INC.
Entity Central Index Key	1,095,651
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		76,069,038
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Current Reporting Status			$ 1.1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
ASSETS
Real estate, at cost		$ 2,050,541	$ 2,276,913
Less: accumulated depreciation		(456,558)	(460,482)
Real estate, net		1,593,983	1,816,431
Real estate available and held for sale		137,274	167,303
Total real estate		1,731,257	1,983,734
Inventory, Real Estate, Land and Land Development Costs		1,001,963	978,962
Land and development		1,001,963	978,962
Loans receivable and other lending investments, net		1,601,985	1,377,843
Other investments		254,172	354,119
Cash and cash equivalents		711,101	472,061
Accrued interest and operating lease income receivable, net		18,436	16,367
Deferred operating lease income receivable, net		97,421	98,262
Deferred expenses and other assets, net		206,557	181,785
Total assets		5,622,892	5,463,133
Liabilities:
Accounts payable, accrued expenses and other liabilities		214,835	180,902
Loan participations payable, net		152,326	0
Debt obligations, net		4,143,683	4,022,684
Total liabilities		4,510,844	4,203,586
Commitments and contingencies		0	0
Redeemable noncontrolling interests		10,718	11,199
iStar Inc. shareholders' equity:
High Performance Units		0	9,800
Common Stock, $0.001 par value, 200,000 shares authorized, 81,109 and 85,191 shares issued and outstanding as of December 31, 2015 and 2014, respectively		81	85
Additional paid-in capital		3,689,330	3,744,621
Retained earnings (deficit)		(2,625,474)	(2,556,469)
Accumulated other comprehensive income (loss) (refer to Note 13)		(4,851)	(971)
Total iStar Inc. shareholders' equity		1,059,112	1,197,092
Noncontrolling interests		42,218	51,256
Total equity		1,101,330	1,248,348
Total liabilities and equity		5,622,892	5,463,133
Series D, E, F, G and I Preferred Stock
iStar Inc. shareholders' equity:
Preferred Stock		22	22
Series J convertible perpetual preferred stock
iStar Inc. shareholders' equity:
Preferred Stock		4	4
Total equity	[1]	$ 4	$ 4
[1]	Refer to Note 13 for details on the Company's Preferred Stock.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common Stock, shares authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	81,109,000	85,191,000
Common Stock, shares outstanding	81,109,000	85,191,000
Series D, E, F, G and I Preferred Stock
Liquidation Preference (in dollars per share)	$ 25	$ 25
Series J convertible perpetual preferred stock
Liquidation Preference (in dollars per share)	$ 50	$ 50

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Operating lease income		$ 229,720	$ 243,100	$ 234,567
Interest income		134,687	122,704	108,015
Other income		49,931	81,033	48,208
Land development revenue		100,216	15,191	0
Total revenues		514,554	462,028	390,790
Costs and expenses:
Interest expense		224,639	224,483	266,225
Real estate expense		146,750	163,389	157,441
Land development cost of sales		67,382	12,840	0
Depreciation and amortization		65,247	73,571	71,266
General and administrative		81,277	88,287	92,114
Provision for (recovery of) loan losses		36,567	(1,714)	5,489
Impairment of assets		10,524	34,634	12,589
Other expense		6,374	6,340	8,050
Total costs and expenses		638,760	601,830	613,174
Income (loss) before earnings from equity method investments and other items		(124,206)	(139,802)	(222,384)
Loss on early extinguishment of debt, net		(281)	(25,369)	(33,190)
Earnings from equity method investments		32,153	94,905	41,520
Loss on transfer of interest to unconsolidated subsidiary		0	0	(7,373)
Income (loss) from continuing operations before income taxes		(92,334)	(70,266)	(221,427)
Income tax (expense) benefit		(7,639)	(3,912)	659
Income (loss) from continuing operations	[1]	(99,973)	(74,178)	(220,768)
Income (loss) from discontinued operations		0	0	644
Gain from discontinued operations		0	0	22,233
Income from sales of real estate		93,816	89,943	86,658
Net income (loss)		(6,157)	15,765	(111,233)
Net (income) loss attributable to noncontrolling interests		3,722	704	(718)
Net income (loss) attributable to iStar Inc.		(2,435)	16,469	(111,951)
Preferred dividends		(51,320)	(51,320)	(49,020)
Net (income) loss allocable to HPU holders and Participating Security holders	[2],[3]	1,080	1,129	5,202
Net income (loss) allocable to common shareholders		$ (52,675)	$ (33,722)	$ (155,769)
Per common share data:
Income (loss) attributable to iStar Inc. from continuing operations—basic and diluted (in dollars per share)	[1]	$ (0.62)	$ (0.40)	$ (2.09)
Net income (loss) attributable to iStar Inc.—Basic and diluted (in dollars per share)	[1]	$ (0.62)	$ (0.40)	$ (1.83)
Weighted average number of common shares—Basic and diluted	[1]	84,987	85,031	84,990
Per HPU share data:
Income (loss) attributable to iStar Inc. from continuing operations—Basic and diluted (in dollars per share)	[1],[2]	$ (120)	$ (75.27)	$ (396.07)
Net income (loss) attributable to iStar Inc.—Basic and diluted (in dollars per share)	[1],[2]	$ (120)	$ (75.27)	$ (346.80)
Weighted average number of HPU share—Basic and diluted (in shares)	[1],[2]	9	15	15
[1]	Income (loss) from continuing operations attributable to iStar Inc. was $(96.3) million, $(73.5) million and $(221.5) million for the years ended December 31, 2015, 2014 and 2013, respectively. Refer to Note 15 for details on the calculation of earnings per share.
[2]	All of the Company's outstanding High Performance Units ("HPUs") were repurchased and retired on August 13, 2015 (refer to Note 13)
[3]	Participating Security holders are non-employee directors who hold common stock equivalents and restricted stock awards granted under the Company's Long Term Incentive Plans that are eligible to participate in dividends (refer to Note 14 and Note 15).

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Income (loss) from continuing operations attributable to iStar Inc.	$ (96.3)	$ (73.5)	$ (221.5)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ (6,157)	$ 15,765	$ (111,233)
Other comprehensive income (loss):
Reclassification of (gains)/losses on available-for-sale securities into earnings upon realization	[1]	(2,576)	(90)	(859)
Reclassification of (gains)/losses on cash flow hedges into earnings upon realization	[2]	921	4,116	310
Realization of (gains)/losses on cumulative translation adjustment into earnings upon realization	[3]	0	968	(1,310)
Unrealized gains/(losses) on available-for-sale securities		(532)	3,367	(302)
Unrealized gains/(losses) on cash flow hedges		(1,202)	(5,187)	(255)
Unrealized gains/(losses) on cumulative translation adjustment		(491)	131	(675)
Other comprehensive income (loss)		(3,880)	3,305	(3,091)
Comprehensive income (loss)		(10,037)	19,070	(114,324)
Comprehensive (income) loss attributable to noncontrolling interests		3,722	710	(718)
Comprehensive income (loss) attributable to iStar Inc.		$ (6,315)	$ 19,780	$ (115,042)
[1]	For the years ended December 31, 2015 , 2014 and 2013, $2,576, $90 and $266, respectively, is included in "Other income" in the Company's consolidated statements of operations which was reclassified out of accumulated other comprehensive income ("AOCI"). For the year ended December 31, 2013, $593 is included in "Earnings from equity method investments" in the Company's consolidated statements of operations which was reclassified out of AOCI.
[2]	Included in "Interest expense" in the Company's consolidated statements of operations are $456, $62 and $310 for the years ended December 31, 2015, 2014 and 2013, respectively, which was reclassified out of AOCI. For the year ended December 31, 2014, $3,634 is included in "Other expense" in the Company's consolidated statements of operations (refer to Note 12) and for the years ended December 31, 2015 and 2014, $465 and $420, respectively, is included in "Earnings from equity method investments" in the Company's consolidated statements of operations which was reclassified out of AOCI.
[3]	Included in "Earnings from equity method investments" in the Company's consolidated statements of operations.

Consolidated Statements of Com7

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reclassification of (gains)/losses on available-for-sale securities into earnings upon realization	[1]	$ (2,576)	$ (90)	$ (859)
Reclassification of (gains)/losses on cash flow hedges into earnings upon realization	[2]	921	4,116	310
Other Income
Reclassification of (gains)/losses on available-for-sale securities into earnings upon realization		(2,576)	(90)	(266)
Interest Expense
Reclassification of (gains)/losses on cash flow hedges into earnings upon realization		456	62	310
Other Expense
Reclassification of (gains)/losses on cash flow hedges into earnings upon realization			3,634
Earnings from Equity Method Investments
Reclassification of (gains)/losses on available-for-sale securities into earnings upon realization				$ (593)
Reclassification of (gains)/losses on cash flow hedges into earnings upon realization		$ 465	$ 420
[1]	For the years ended December 31, 2015 , 2014 and 2013, $2,576, $90 and $266, respectively, is included in "Other income" in the Company's consolidated statements of operations which was reclassified out of accumulated other comprehensive income ("AOCI"). For the year ended December 31, 2013, $593 is included in "Earnings from equity method investments" in the Company's consolidated statements of operations which was reclassified out of AOCI.
[2]	Included in "Interest expense" in the Company's consolidated statements of operations are $456, $62 and $310 for the years ended December 31, 2015, 2014 and 2013, respectively, which was reclassified out of AOCI. For the year ended December 31, 2014, $3,634 is included in "Other expense" in the Company's consolidated statements of operations (refer to Note 12) and for the years ended December 31, 2015 and 2014, $465 and $420, respectively, is included in "Earnings from equity method investments" in the Company's consolidated statements of operations which was reclassified out of AOCI.

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Total	Series J Preferred Stock	[1]	HPU's	Preferred Stock	[1]	Common Stock at Par	Additional Paid-In Capital	Retained Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning Balance at Dec. 31, 2012		$ 1,313,154			$ 9,800	$ 22		$ 84	$ 3,590,870	$ (2,360,647)	$ (1,185)	$ 74,210
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Preferred Stock		193,510	$ 4						193,506
Dividends declared—preferred		(49,020)								(49,020)
Issuance of stock/restricted stock unit amortization, net		(1,375)						1	(1,376)
Net income (loss) for the period	[2]	(108,114)								(111,951)		3,837
Change in accumulated other comprehensive income (loss)		(3,091)									(3,091)
Repurchase of stock		(20,985)						(2)	(20,983)
Change in additional paid in capital attributable to redeemable noncontrolling interests	[3]	(2,772)							(2,772)
Contributions from noncontrolling interests	[4]	10,264										10,264
Distributions to noncontrolling interests	[3]	(30,106)										(30,106)
Ending Balance at Dec. 31, 2013		1,301,465	4		9,800	22		83	3,759,245	(2,521,618)	(4,276)	58,205
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared—preferred		(51,320)								(51,320)
Issuance of stock/restricted stock unit amortization, net		(13,089)						2	(13,091)
Net income (loss) for the period	[2]	17,690								16,469		1,221
Change in accumulated other comprehensive income (loss)		3,305									3,305
Change in additional paid in capital attributable to redeemable noncontrolling interests		(1,533)							(1,533)
Contributions from noncontrolling interests		565										565
Distributions to noncontrolling interests		(4,820)										(4,820)
Change in noncontrolling interests	[5]	(3,915)										(3,915)
Ending Balance at Dec. 31, 2014		1,248,348	4		9,800	22		85	3,744,621	(2,556,469)	(971)	51,256
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared—preferred		(51,320)								(51,320)
Issuance of stock/restricted stock unit amortization, net		4,961							4,961
Net income (loss) for the period	[2]	(2,701)								(2,435)		(266)
Change in accumulated other comprehensive income (loss)		(3,880)									(3,880)
Repurchase of stock		(70,416)						(5)	(70,411)
Redemption of HPUs		(9,811)			$ (9,800)			1	15,238	(15,250)	0	0
Change in additional paid in capital attributable to redeemable noncontrolling interests	[6]	(5,079)							(5,079)
Contributions from noncontrolling interests		205										205
Distributions to noncontrolling interests	[6]	(8,977)										(8,977)
Ending Balance at Dec. 31, 2015		$ 1,101,330	$ 4			$ 22		$ 81	$ 3,689,330	$ (2,625,474)	$ (4,851)	$ 42,218
[1]	Refer to Note 13 for details on the Company's Preferred Stock.
[2]	For the years ended December 31, 2015, 2014 and 2013 net income (loss) shown above excludes $(3,456), $(1,925) and $(3,119) of net loss attributable to redeemable noncontrolling interests.
[3]	Includes an $8.8 million payment to redeem a noncontrolling member's interest.
[4]	Includes $9.4 million of operating property assets contributed by a noncontrolling partner.
[5]	During the year ended December 31, 2014, the Company sold its 72% interest in a previously consolidated entity to one of its unconsolidated ventures (refer to Note 4 and Note 7).
[6]	Includes a $6.4 million payment to redeem a noncontrolling member's interest (refer to Note 4).

Consolidated Statements of Cha9

Consolidated Statements of Changes in Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net loss attributable to redeemable noncontrolling interest	$ (3,456)	$ (1,925)	$ (3,119)
Payment to redeem a noncontrolling interest	$ 6,400		$ 8,800
Strategic Venture, Commercial Operating Properties
Assets contributed by noncontrolling interest		$ 9,400

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income (loss)	$ (6,157)	$ 15,765	$ (111,233)
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Provision for (recovery of) loan losses	36,567	(1,714)	5,489
Impairment of assets	10,524	34,634	14,507
Loss on transfer of interest to unconsolidated subsidiary	0	0	7,373
Depreciation and amortization	65,247	73,571	71,530
Payments for withholding taxes upon vesting of stock-based compensation	(1,718)	(21,250)	(14,098)
Non-cash expense for stock-based compensation	12,013	13,314	19,261
Amortization of discounts/premiums and deferred financing costs on debt obligations, net	17,352	16,891	20,915
Amortization of discounts/premiums and deferred interest on loans, net	(82,782)	(59,747)	(37,383)
(Gain) loss from sales of loans	0	(19,067)	596
Earnings from equity method investments	(32,153)	(94,905)	(41,520)
Distributions from operations of other investments	29,999	80,116	17,252
Deferred operating lease income	(7,950)	(8,492)	(12,077)
Income from sales of real estate and development revenue in excess of cost of sales	(93,816)	(89,943)	(86,658)
Gain from discontinued operations	0	0	(22,233)
Loss on early extinguishment of debt, net	281	25,369	19,655
Debt discount and prepayment penalty on repayments and repurchases of debt obligations	(578)	(14,888)	(24,001)
Other operating activities, net	42,607	31,935	6,917
Changes in assets and liabilities:
Changes in accrued interest and operating lease income receivable, net	(2,068)	(1,426)	2,310
Changes in deferred expenses and other assets, net	2,631	4,601	(23,012)
Changes in accounts payable, accrued expenses and other liabilities, net	(17,112)	7,245	5,945
Cash flows used in operating activities	(59,947)	(10,342)	(180,465)
Cash flows from investing activities:
Originations and fundings of loans receivable, net	(478,822)	(622,428)	(257,600)
Capital expenditures on real estate assets	(81,525)	(68,464)	(73,057)
Capital expenditures on land and development assets	(88,219)	(74,323)	(36,346)
Acquisitions of real estate assets	0	(4,666)	(102,364)
Repayments of and principal collections on loans receivable and other lending investments, net	273,454	512,528	613,615
Net proceeds from sales of loans receivable	6,655	65,438	81,614
Net proceeds from sales of real estate	362,530	404,336	437,817
Net proceeds from sale of other investments	0	0	220,281
Distributions from other investments	119,854	61,031	36,918
Contributions to other investments	(11,531)	(159,424)	(12,784)
Changes in restricted cash held in connection with investing activities	(7,550)	29,283	(19,388)
Other investing activities, net	7,581	1,291	4,741
Cash flows from investing activities	184,028	159,793	893,447
Cash flows from financing activities:
Borrowings from debt obligations	549,000	1,349,822	1,444,565
Repayments of debt obligations	(432,383)	(1,471,174)	(1,984,102)
Proceeds from loan participations payable	138,075	0	0
Preferred dividends paid	(51,320)	(51,320)	(49,020)
Proceeds from issuance of preferred stock	0	0	193,510
Repurchase of stock	(69,511)	0	(20,985)
Redemption of HPUs	(9,811)	0	0
Payments for deferred financing costs	(2,255)	(19,595)	(17,539)
Other financing activities, net	(7,314)	1,309	(22,187)
Cash flows from (used in) financing activities	114,481	(190,958)	(455,758)
Effect of exchange rate changes on cash	478	0	0
Changes in cash and cash equivalents	239,040	(41,507)	257,224
Cash and cash equivalents at beginning of period	472,061	513,568	256,344
Cash and cash equivalents at end of period	711,101	472,061	513,568
Cash paid during the period for interest, net of amount capitalized	207,972	194,605	237,457
Land
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Income from sales of real estate and development revenue in excess of cost of sales	(32,834)	(2,351)	0
Operating Segments | Land
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Provision for (recovery of) loan losses	0	0	0
Loss on transfer of interest to unconsolidated subsidiary			7,373
Earnings from equity method investments	(16,683)	(14,966)	5,331
Income from sales of real estate and development revenue in excess of cost of sales	0	0	(4,055)
Gain from discontinued operations			0
Cash flows from investing activities:
Net proceeds from sales of land and development assets	$ 81,601	$ 15,191	$ 0

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation Basis of Presentation —The accompanying audited consolidated financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America ("GAAP") for complete financial statements. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Certain prior year amounts have been reclassified in the Company's consolidated financial statements and the related notes to conform to the current period presentation. During the year ended December 31, 2015, the Company changed its presentation of land and development assets. Land and development assets were previously included in "Real estate, net" and "Real estate available and held for sale" on the consolidated balance sheets. Land and development assets are now included in "Land and development" on the consolidated balance sheets. Prior period amounts have been reclassified to conform to the current period presentation. During the year ended December 31, 2015, the Company determined that its classification of common shares repurchased under its share repurchase programs should be classified as a reduction to common stock for the par amount of the common stock repurchased and additional paid in capital and included as shares unissued within the consolidated financial statements. The Company previously classified common shares repurchased under its share repurchase programs as treasury stock. The Company evaluated the impact of this correction on previously issued financial statements and concluded they were not materially misstated. In order to conform previous financial statements with the current period, the Company elected to revise previously issued financial statements the next time such financial statements are filed. The accompanying consolidated balance sheet as of December 31, 2014 and the consolidated statements of changes in equity for the years ended December 31, 2014 and 2013 have been revised accordingly. In addition, the Company will revise the consolidated statements of changes in equity for the periods ended March 31, 2015, June 30, 2015, and September 30, 2015, as those financial statements are presented in future filings. The misclassification eliminates treasury stock and results in corresponding reductions of common stock and additional paid-in capital, which results in no change in total equity within the consolidated balance sheets and consolidated statements of changes in equity. All repurchased shares previously reported as treasury stock will now be reported as unissued common stock. The change has no impact on the previously reported consolidated statements of operations, consolidated statements of comprehensive income or consolidated statements of cash flows. The impact of the change is as follows: As Reported Change As Adjusted (1) (in thousands) September 30, 2015 Additional paid-in capital $ 4,023,962 $ (283,193 ) $ 3,740,769 Common stock 147 (63 ) 84 Treasury stock, at cost (283,256 ) 283,256 — Total 3,740,853 — 3,740,853 June 30, 2015 Additional paid-in capital 4,007,937 (263,454 ) 3,744,483 Common stock 146 (61 ) 85 Treasury stock, at cost (263,515 ) 263,515 — Total 3,744,568 — 3,744,568 March 31, 2015 Additional paid-in capital 4,007,540 (263,451 ) 3,744,089 Common stock 146 (61 ) 85 Treasury stock, at cost (263,512 ) 263,512 — Total 3,744,174 — 3,744,174 December 31, 2014 (2) Additional paid-in capital 4,007,514 (262,893 ) 3,744,621 Common stock 146 (61 ) 85 Treasury stock, at cost (262,954 ) 262,954 — Total 3,744,706 — 3,744,706 December 31, 2013 Additional paid-in capital 4,022,138 (262,893 ) 3,759,245 Common stock 144 (61 ) 83 Treasury stock, at cost (262,954 ) 262,954 — Total 3,759,328 — 3,759,328 _______________________________________________________________________________ (1) Common shares repurchased during the respective periods will also be reclassified on the consolidated statements of changes in equity from treasury stock, at cost to common stock and additional paid-in capital in future filings. (2) As of December 31, 2014, the number of common shares issued and outstanding was 85,191 . Principles of Consolidation —The consolidated financial statements include the financial statements of the Company, its wholly owned subsidiaries, controlled partnerships and variable interest entities ("VIEs") for which the Company is the primary beneficiary. All significant intercompany balances and transactions have been eliminated in consolidation. The Company's involvement with VIEs affects its financial performance and cash flows primarily through amounts recorded in "Operating lease income," "Earnings from equity method investments," "Real estate expense" and "Interest expense" in the Company's consolidated statements of operations. The Company has not provided financial support to those VIEs that it was not previously contractually required to provide. Consolidated VIEs —As of December 31, 2015 , the Company consolidates VIEs for which it is considered the primary beneficiary. As of December 31, 2015 , the total assets of these consolidated VIEs were $219.3 million and total liabilities were $26.5 million . The classifications of these assets are primarily within "Land and development" and "Other investments" on the Company's consolidated balance sheets. The classifications of liabilities are primarily within "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. The liabilities of these VIEs are non-recourse to the Company and can only be satisfied from each VIE's respective assets. The Company's total unfunded commitments related to consolidated VIEs was $38.8 million as of December 31, 2015 . Unconsolidated VIEs —As of December 31, 2015 , the Company has investments in VIEs where it is not the primary beneficiary, and accordingly, the VIEs have not been consolidated in the Company's consolidated financial statements. As of December 31, 2015 , the Company's maximum exposure to loss from these investments does not exceed the sum of the $93.4 million carrying value of the investments, which are classified in "Other investments" on the Company's consolidated balance sheets, and $17.7 million of related unfunded commitments.

Business and Organization

Business and Organization	12 Months Ended
	Dec. 31, 2015
Business and Organization [Abstract]
Business and Organization	Business and Organization Business —iStar Inc. (the "Company"), doing business as "iStar," finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. The Company has invested more than $35 billion over the past two decades and is structured as a real estate investment trust ("REIT") with a diversified portfolio focused on larger assets located in major metropolitan markets. The Company's primary business segments are real estate finance, net lease, operating properties and land and development (refer to Note 17 ). Organization —The Company began its business in 1993 through the management of private investment funds and became publicly traded in 1998. Since that time, the Company has grown through the origination of new investments, as well as through corporate acquisitions.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Real estate and land and development— Real estate and land and development assets are recorded at cost less accumulated depreciation and amortization, as follows: Capitalization and depreciation— Certain improvements and replacements are capitalized when they extend the useful life of the asset. For real estate projects, the Company begins to capitalize qualified development and construction costs, including interest, real estate taxes, compensation and certain other carrying costs incurred which are specifically identifiable to a development project once activities necessary to get the asset ready for its intended use have commenced. If specific allocation of costs is not practicable, the Company will allocate costs based on relative fair value prior to construction or relative sales value, relative size or other value methods as appropriate during construction. The Company ceases capitalization on the portions substantially completed and ready for their intended use. Repairs and maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method of cost recovery over the estimated useful life, which is generally 40 years for facilities, five years for furniture and equipment, the shorter of the remaining lease term or expected life for tenant improvements and the remaining useful life of the facility for facility improvements. Purchase price allocation— Upon acquisition of real estate, the Company determines whether the transaction is a business combination, which is accounted for under the acquisition method, or an acquisition of assets. For both types of transactions, the Company recognizes and measures identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree based on their relative fair values. For business combinations, the Company recognizes and measures goodwill or gain from a bargain purchase, if applicable, and expenses acquisition-related costs in the periods in which the costs are incurred and the services are received. For acquisitions of assets, acquisition-related costs are capitalized and recorded in "Real estate, net" on the Company's consolidated balance sheets. The Company accounts for its acquisition of properties by recording the purchase price of tangible and intangible assets and liabilities acquired based on their estimated fair values. The value of the tangible assets, consisting of land, buildings, building improvements and tenant improvements is determined as if these assets are vacant. Intangible assets may include the value of lease incentive assets, above-market leases, in-place leases and the value of customer relationships, which are each recorded at their estimated fair values and included in “Deferred expenses and other assets, net” on the Company's consolidated balance sheets. Intangible liabilities may include the value of below-market leases, which are recorded at their estimated fair values and included in “Accounts payable, accrued expenses and other liabilities” on the Company's consolidated balance sheets. In-place leases and customer relationships are amortized over the remaining non-cancelable term and the amortization expense is included in "Depreciation and amortization" in the Company's consolidated statements of operations. Lease incentive assets and above-market (or below-market) lease value is amortized as a reduction of (or, increase to) operating lease income over the remaining non-cancelable term of each lease plus any renewal periods with fixed rental terms that are considered to be below-market. The Company also engages in sale/leaseback transactions and typically executes leases with the occupant simultaneously with the purchase of the net lease asset. Impairments— The Company reviews real estate assets to be held and used and land and development assets, for impairment in value whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The value of a long-lived asset held for use is impaired only if management's estimate of the aggregate future cash flows (undiscounted and without interest charges) to be generated by the asset (taking into account the anticipated holding period of the asset) is less than the carrying value. Such estimate of cash flows considers factors such as expected future operating income trends, as well as the effects of demand, competition and other economic factors. To the extent impairment has occurred, the loss will be measured as the excess of the carrying amount of the property over the estimated fair value of the asset and reflected as an adjustment to the basis of the asset. Impairments of real estate assets that are not held for sale and land and development assets are recorded in "Impairment of assets" in the Company's consolidated statements of operations. Impairments of real estate assets that are disposed of or classified as held for sale after December 31, 2013 and which do not represent a strategic shift that has (or will have) a major effect on the Company's operations and financial results are also recorded in "Impairment of assets" in the Company's consolidated statements of operations. Real estate available and held for sale— The Company reports real estate assets to be sold at the lower of their carrying amount or estimated fair value less costs to sell and classifies them as “Real estate available and held for sale” on the Company's consolidated balance sheets. If the estimated fair value less costs to sell is less than the carrying value, the difference will be recorded as an impairment charge. Impairment for real estate assets sold or classified as held for sale on or before December 31, 2013 are included in "Income (loss) from discontinued operations" in the Company's consolidated statements of operations. Impairment for real estate assets disposed of or classified as held for sale after December 31, 2013 are included in "Impairment of assets" in the Company's consolidated statements of operations. Once a real estate asset is classified as held for sale, depreciation expense is no longer recorded and historical operating results, including impairments, are reclassified to "Income (loss) from discontinued operations" in the Company's consolidated statements of operations. If circumstances arise that were previously considered unlikely and, as a result the Company decides not to sell a property previously classified as held for sale, the property is reclassified as held and used and included in "Real estate, net" on the Company's consolidated balance sheets. The Company measures and records a property that is reclassified as held and used at the lower of (i) its carrying amount before the property was classified as held for sale, adjusted for any depreciation expense that would have been recognized had the property been continuously classified as held and used, or (ii) the estimated fair value at the date of the subsequent decision not to sell. Dispositions— Revenue from sales of land and gains or losses on the sale of other real estate assets, including residential property, are recognized in accordance with Accounting Standards Codification ("ASC") 360-20 , Real Estate Sales . Sales of land and the associated gains on sales of residential property are recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company primarily uses specific identification and the relative sales value method to allocate costs. Gains on sales of net lease assets or commercial operating properties disposed of or classified as held for sale on or before December 31, 2013 are recorded in “Gains from discontinued operations” in the Company's consolidated statements of operations. Gain on sales of net lease assets or commercial operating properties disposed of or classified as held for sale after December 31, 2013 and profits on sales of residential property within the operating property segment are included in "Income from sales of real estate" in the Company's consolidated statements of operations. Loans receivable and other lending investments, net — Loans receivable and other lending investments, net includes the following investments: senior mortgages, corporate/partnership loans, subordinate mortgages, preferred equity investments and debt securities. Management considers nearly all of its loans to be held-for-investment, although certain investments may be classified as held-for-sale or available-for-sale. Loans receivable classified as held-for-investment and debt securities classified as held-to-maturity are reported at their outstanding unpaid principal balance, and include unamortized acquisition premiums or discounts and unamortized deferred loan costs or fees. These loans and debt securities also include accrued and paid-in-kind interest and accrued exit fees that the Company determines are probable of being collected. Debt securities classified as available-for-sale are reported at fair value with unrealized gains and losses included in "Accumulated other comprehensive income (loss)" on the Company's consolidated balance sheets. Loans receivable and other lending investments designated for sale are classified as held-for-sale and are carried at lower of amortized historical cost or estimated fair value. The amount by which carrying value exceeds fair value is recorded as a valuation allowance. Subsequent changes in the valuation allowance are included in the determination of net income (loss) in the period in which the change occurs. For held-to-maturity and available-for-sale debt securities held in "Loans receivable and other lending investments, net," management evaluates whether the asset is other-than-temporarily impaired when the fair market value is below carrying value. The Company considers debt securities other-than-temporarily impaired if (1) the Company has the intent to sell the security, (2) it is more likely than not that it will be required to sell the security before recovery, or (3) it does not expect to recover the entire amortized cost basis of the security. If it is determined that an other-than-temporary impairment exists, the portion related to credit losses, where the Company does not expect to recover its entire amortized cost basis, will be recognized as an "Impairment of assets" in the Company's consolidated statements of operations. If the Company does not intend to sell the security and it is more likely than not that the entity will not be required to sell the security, but the security has suffered a credit loss, the impairment charge will be separated. The credit loss component of the impairment will be recorded as an "Impairment of assets" in the Company's consolidated statements of operations, and the remainder will be recorded in "Accumulated other comprehensive income (loss)" on the Company's consolidated balance sheets. The Company acquires properties through foreclosure or by deed-in-lieu of foreclosure in full or partial satisfaction of non-performing loans. Based on the Company's strategic plan to realize the maximum value from the collateral received, property is classified as "Land and development," "Real estate, net" or "Real estate available and held for sale" at its estimated fair value when title to the property is obtained. Any excess of the carrying value of the loan over the estimated fair value of the property (less costs to sell for assets held for sale) is charged-off against the reserve for loan losses as of the date of foreclosure. Equity and cost method investments — Equity interests are accounted for pursuant to the equity method of accounting if the Company can significantly influence the operating and financial policies of an investee. This is generally presumed to exist when ownership interest is between 20% and 50% of a corporation, or greater than 5% of a limited partnership or certain limited liability companies. The Company's periodic share of earnings and losses in equity method investees is included in "Earnings from equity method investments" in the consolidated statements of operations. When the Company's ownership position is too small to provide such influence, the cost method is used to account for the equity interest. Equity and cost method investments are included in "Other investments" on the Company's consolidated balance sheets. To the extent that the Company contributes assets to an unconsolidated subsidiary, the Company’s investment in the subsidiary is recorded at the Company’s cost basis in the assets that were contributed to the unconsolidated subsidiary. To the extent that the Company’s cost basis is different from the basis reflected at the subsidiary level, when required, the basis difference is amortized over the life of the related assets and included in the Company’s share of equity in net income (loss) of the unconsolidated subsidiary, as appropriate. The Company recognizes gains on the contribution of real estate to unconsolidated subsidiaries, relating solely to the outside partner’s interest, to the extent the economic substance of the transaction is a sale. The Company recognizes a loss when it contributes property to an unconsolidated subsidiary and receives a disproportionately smaller interest in the subsidiary based on a comparison of the carrying amount of the property with the cash and other consideration contributed by the other investors. The Company periodically reviews equity method investments for impairment in value whenever events or changes in circumstances indicate that the carrying amount of such investments may not be recoverable. The Company will record an impairment charge to the extent that the estimated fair value of an investment is less than its carrying value and the Company determines the impairment is other-than-temporary. Impairment charges are recorded in "Earnings from equity method investments" in the Company's consolidated statements of operations. Cash and cash equivalents — Cash and cash equivalents include cash held in banks or invested in money market funds with original maturity terms of less than 90 days. Restricted cash — Restricted cash represents amounts required to be maintained under certain of the Company's debt obligations, loans, leasing, land development, sale and derivative transactions. Restricted cash is included in "Deferred expenses and other assets, net" on the Company's consolidated balance sheets. Variable interest entities — The Company evaluates its investments and other contractual arrangements to determine if they constitute variable interests in a VIE. A VIE is an entity where a controlling financial interest is achieved through means other than voting rights. A VIE is consolidated by the primary beneficiary, which is the party that has the power to direct matters that most significantly impact the activities of the VIE and has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. This overall consolidation assessment includes a review of, among other factors, which interests create or absorb variability, contractual terms, the key decision making powers, their impact on the VIE's economic performance, and related party relationships. Where qualitative assessment is not conclusive, the Company performs a quantitative analysis. The Company reassesses its evaluation of the primary beneficiary of a VIE on an ongoing basis and assesses its evaluation of an entity as a VIE upon certain reconsideration events. The Company has investments in certain funds that meet the deferral criteria in Accounting Standards Update ("ASU") 2010-10 and will continue to assess consolidation of these entities under the overall guidance on the consolidation of VIEs in ASC 810-10. The consolidation evaluation is similar to the process noted above, except that the primary beneficiary is the party that will receive a majority of the VIE's anticipated losses, a majority of the VIE's expected residual returns, or both. In addition, for entities that meet the deferral criteria, the Company reassesses its initial evaluation of the primary beneficiary and whether an entity is a VIE upon the occurrence of certain reconsideration events. Deferred expenses — Deferred expenses include leasing costs and financing fees. Leasing costs include brokerage, legal and other costs which are amortized over the life of the respective leases and presented as an operating activity in the Company's consolidated statements of cash flows. External fees and costs incurred to obtain long-term debt financing have been deferred and are amortized over the term of the respective borrowing using the effective interest method. Amortization of leasing costs is included in "Depreciation and amortization" and amortization of deferred financing fees is included in "Interest expense" in the Company's consolidated statements of operations. Identified intangible assets and liabilities — Upon the acquisition of a business, the Company records intangible assets or liabilities acquired at their estimated fair values and determines whether such intangible assets or liabilities have finite or indefinite lives. As of December 31, 2015 , all such intangible assets and liabilities acquired by the Company have finite lives. Intangible assets are included in "Deferred expenses and other assets, net" and intangible liabilities are included in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. The Company amortizes finite lived intangible assets and liabilities based on the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the business acquired. The Company reviews finite lived intangible assets for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. If the Company determines the carrying value of an intangible asset is not recoverable it will record an impairment charge to the extent its carrying value exceeds its estimated fair value. Impairments of intangible assets are recorded in "Impairment of assets" in the Company's consolidated statements of operations. Loan participations payable, net — The Company accounts for transfers of financial assets under ASC Topic 860, “Transfers and Servicing”, as either sales or secured borrowings. Transfers of financial assets that result in sales accounting are those in which (1) the transfer legally isolates the transferred assets from the transferor, (2) the transferee has the right to pledge or exchange the transferred assets and no condition both constrains the transferee’s right to pledge or exchange the assets and provides more than a trivial benefit to the transferor, and (3) the transferor does not maintain effective control over the transferred assets. If the transfer does not meet these criteria, the transfer is presented on the balance sheet as "Loan participations payable, net". Financial asset activities that are accounted for as sales are removed from the balance sheet with any realized gain (loss) reflected in earnings during the period of sale. Revenue recognition — The Company's revenue recognition policies are as follows: Operating lease income: The Company's leases have all been determined to be operating leases based on an analysis performed in accordance with ASC 840. Operating lease income is recognized on the straight-line method of accounting, generally from the later of the date the lessee takes possession of the space and it is ready for its intended use or the date of acquisition of the facility subject to existing leases. Accordingly, contractual lease payment increases are recognized evenly over the term of the lease. The periodic difference between lease revenue recognized under this method and contractual lease payment terms is recorded as "Deferred operating lease income receivable," on the Company's consolidated balance sheets. The Company also recognizes revenue from certain tenant leases for reimbursements of all or a portion of operating expenses, including common area costs, insurance, utilities and real estate taxes of the respective property. This revenue is accrued in the same periods as the expense is incurred and is recorded as “Operating lease income” in the Company's consolidated statements of operations. Revenue is also recorded from certain tenant leases that is contingent upon tenant sales exceeding defined thresholds. These rents are recognized only after the defined threshold has been met for the period. Management estimates losses within its operating lease income receivable and deferred operating lease income receivable balances as of the balance sheet date and incorporates an asset-specific component, as well as a general, formula-based reserve based on management's evaluation of the credit risks associated with these receivables. As of December 31, 2015 and 2014 , the allowance for doubtful accounts related to real estate tenant receivables was $1.9 million and $1.3 million , respectively, and the allowance for doubtful accounts related to deferred operating lease income was $1.5 million and $2.4 million , respectively. Interest Income: Interest income on loans receivable is recognized on an accrual basis using the interest method. On occasion, the Company may acquire loans at premiums or discounts. These discounts and premiums in addition to any deferred costs or fees, are typically amortized over the contractual term of the loan using the interest method. Exit fees are also recognized over the lives of the related loans as a yield adjustment, if management believes it is probable that such amounts will be received. If loans with premiums, discounts, loan origination or exit fees are prepaid, the Company immediately recognizes the unamortized portion, which is included in "Other income" or "Other expense" in the Company's consolidated statements of operations. The Company considers a loan to be non-performing and places loans on non-accrual status at such time as: (1) the loan becomes 90 days delinquent; (2) the loan has a maturity default; or (3) management determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan. While on non-accrual status, based on the Company's judgment as to collectability of principal, loans are either accounted for on a cash basis, where interest income is recognized only upon actual receipt of cash, or on a cost-recovery basis, where all cash receipts reduce a loan's carrying value. Non-accrual loans are returned to accrual status when a loan has become contractually current and management believes all amounts contractually owed will be received. Certain of the Company's loans contractually provide for accrual of interest at specified rates that differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to management's determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the borrower. Prepayment penalties or yield maintenance payments from borrowers are recognized as other income when received. Certain of the Company's loan investments provide for additional interest based on the borrower's operating cash flow or appreciation of the underlying collateral. Such amounts are considered contingent interest and are reflected as interest income only upon receipt of cash. Other income: Other income includes revenues from hotel operations, which are recognized when rooms are occupied and the related services are provided. Revenues include room sales, food and beverage sales, parking, telephone, spa services and gift shop sales. Other income also includes gains from sales of loans, loan prepayment fees, lease termination fees and other ancillary income. Land development revenue and cost of sales: Land development revenue includes lot and parcel sales from wholly-owned properties and is recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company primarily uses specific identification and the relative sales value method to allocate costs. Reserve for loan losses — The reserve for loan losses reflects management's estimate of loan losses inherent in the loan portfolio as of the balance sheet date. If the Company determines that the collateral fair value less costs to sell is less than the carrying value of a collateral-dependent loan, the Company will record a reserve. The reserve is increased (decreased) through "Provision for (recovery of) loan losses" in the Company's consolidated statements of operations and is decreased by charge-offs. During delinquency and the foreclosure process, there are typically numerous points of negotiation with the borrower as the Company works toward a settlement or other alternative resolution, which can impact the potential for loan repayment or receipt of collateral. The Company's policy is to charge off a loan when it determines, based on a variety of factors, that all commercially reasonable means of recovering the loan balance have been exhausted. This may occur at different times, including when the Company receives cash or other assets in a pre-foreclosure sale or takes control of the underlying collateral in full satisfaction of the loan upon foreclosure or deed-in-lieu, or when the Company has otherwise ceased significant collection efforts. The Company considers circumstances such as the foregoing to be indicators that the final steps in the loan collection process have occurred and that a loan is uncollectible. At this point, a loss is confirmed and the loan and related reserve will be charged off. The Company has one portfolio segment, represented by commercial real estate lending, whereby it utilizes a uniform process for determining its reserve for loan losses. The reserve for loan losses includes a general, formula-based component and an asset-specific component. The general reserve component covers performing loans and reserves for loan losses are recorded when (i) available information as of each balance sheet date indicates that it is probable a loss has occurred in the portfolio and (ii) the amount of the loss can be reasonably estimated. The formula-based general reserve is derived from estimated principal default probabilities and loss severities applied to groups of loans based upon risk ratings assigned to loans with similar risk characteristics during the Company's quarterly loan portfolio assessment. During this assessment, the Company performs a comprehensive analysis of its loan portfolio and assigns risk ratings to loans that incorporate management's current judgments about their credit quality based on all known and relevant internal and external factors that may affect collectability. The Company considers, among other things, payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographical location as well as national and regional economic factors. This methodology results in loans being segmented by risk classification into risk rating categories that are associated with estimated probabilities of default and principal loss. Ratings range from "1" to "5" with "1" representing the lowest risk of loss and "5" representing the highest risk of loss. The Company estimates loss rates based on historical realized losses experienced within its portfolio and takes into account current economic conditions affecting the commercial real estate market when establishing appropriate time frames to evaluate loss experience. The asset-specific reserve component relates to reserves for losses on impaired loans. The Company considers a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. This assessment is made on a loan-by-loan basis each quarter based on such factors as payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographical location as well as national and regional economic factors. A reserve is established for an impaired loan when the present value of payments expected to be received, observable market prices, or the estimated fair value of the collateral (for loans that are dependent on the collateral for repayment) is lower than the carrying value of that loan. Substantially all of the Company's impaired loans are collateral dependent and impairment is measured using the estimated fair value of collateral, less costs to sell. The Company generally uses the income approach through internally developed valuation models to estimate the fair value of the collateral for such loans. In more limited cases, the Company obtains external "as is" appraisals for loan collateral, generally when third party participations exist. Valuations are performed or obtained at the time a loan is determined to be impaired and designated non-performing, and they are updated if circumstances indicate that a significant change in value has occurred. In limited cases, appraised values may be discounted when real estate markets rapidly deteriorate. A loan is also considered impaired if its terms are modified in a troubled debt restructuring ("TDR"). A TDR occurs when the Company has granted a concession and the debtor is experiencing financial difficulties. Impairments on TDR loans are generally measured based on the present value of expected future cash flows discounted at the effective interest rate of the original loan. Loss on debt extinguishments — The Company recognizes the difference between the reacquisition price of debt and the net carrying amount of extinguished debt currently in earnings. Such amounts may include prepayment penalties or the write-off of unamortized debt issuance costs, and are recorded in “Loss on early extinguishment of debt, net” in the Company's consolidated statements of operations. Derivative instruments and hedging activity — The Company's use of derivative financial instruments is primarily limited to the utilization of interest rate swaps, interest rate caps or other instruments to manage interest rate risk exposure and foreign exchange contracts to manage our risk to changes in foreign currencies. The Company recognizes derivatives as either assets or liabilities on the Company's consolidated balance sheets at fair value. If certain conditions are met, a derivative may be specifically designated as a hedge of the exposure to changes in the fair value of a recognized asset or liability, a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in Accumulated Other Comprehensive Income as part of the cumulative translation adjustment. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of Accumulated Other Comprehensive Income into earnings when the hedged net investment is either sold or substantially liquidated. Derivatives that are not designated hedges are considered economic hedges, with changes in fair value reported in current earnings in "Other expense" in the Company's consolidated statements of operations. The Company does not enter into derivatives for trading purposes. Stock-based compensation — Compensation cost for stock-based awards is measured on the grant date and adjusted over the period of the employees' services to reflect (i) actual forfeitures and (ii) the outcome of awards with performance or service conditions through the requisite service period. The Company recognizes compensation cost for performance-based awards if and when the Comp

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Real Estate	Real Estate The Company's real estate assets were comprised of the following ($ in thousands): Net Lease Operating Properties Total As of December 31, 2015 Land and land improvements, at cost $ 306,172 $ 133,275 $ 439,447 Buildings and improvements, at cost 1,183,723 427,371 1,611,094 Less: accumulated depreciation (377,416 ) (79,142 ) (456,558 ) Real estate, net 1,112,479 481,504 1,593,983 Real estate available and held for sale (1) — 137,274 137,274 Total real estate $ 1,112,479 $ 618,778 $ 1,731,257 As of December 31, 2014 Land and land improvements, at cost $ 311,890 $ 146,417 $ 458,307 Buildings and improvements, at cost 1,240,593 578,013 1,818,606 Less: accumulated depreciation (364,323 ) (96,159 ) (460,482 ) Real estate, net 1,188,160 628,271 1,816,431 Real estate available and held for sale (1) 4,521 162,782 167,303 Total real estate $ 1,192,681 $ 791,053 $ 1,983,734 _______________________________________________________________________________ (1) As of December 31, 2015 and 2014 the Company had $137.3 million and $155.8 million , respectively, of residential properties available for sale in its operating properties portfolio. Real Estate Available and Held for Sale— During the year ended December 31, 2015 , the Company transferred net lease assets with a carrying value of $8.2 million to held for sale due to executed contracts with third parties. During the year ended December 31, 2015 , the Company transferred a commercial operating property held for sale with a carrying value of $2.9 million to held for investment due to a change in business strategy. During the year ended December 31, 2014, the Company transferred units with a carrying value of $56.7 million to held for sale due to the conversion of hotel rooms to residential units to be sold. The Company also transferred net lease assets with a carrying value of $4.0 million to held for sale due to executed contracts with third parties. Acquisitions— The following acquisitions of real estate were reflected in the Company's consolidated statements of cash flows for the years ended December 31, 2015 , 2014 and 2013 ($ in thousands): For the Years Ended December 31, 2015 2014 (1) 2013 (2) Acquisitions of real estate assets $ — $ 4,666 $ 102,364 _______________________________________________________________________________ (1) During the year ended December 31, 2014, the Company purchased two condominium units for $3.0 million and one land parcel for $1.7 million . (2) During the year ended December 31, 2013, the Company acquired a net lease asset for a purchase price of $93.6 million , including intangible assets of $36.1 million , intangible liabilities of $11.9 million and acquisition-related costs of $0.2 million , which was leased back to the seller. The Company concluded that the transaction was a real estate asset acquisition and capitalized the acquisition-related costs. The intangible assets were included in "Deferred expenses and other assets, net" and the intangible liabilities were included in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. The lease was classified as an operating lease. During the year ended December 31, 2014, the net lease asset was sold to the Net Lease Venture for net proceeds of $93.7 million , which approximated carrying value. During the year ended December 31, 2015 , the Company acquired, via deed-in-lieu, title to a residential property, which had a total fair value of $13.4 million and previously served as collateral for loans receivable held by the Company. No gain or loss was recorded in connection with this transaction. During the year ended December 31, 2014, the Company acquired, via deed-in-lieu, title to three commercial operating properties which had a total fair value of $72.4 million and previously served as collateral for loans receivable held by the Company. No gain or loss was recorded in connection with these transactions. The following unaudited table summarizes the Company's pro forma revenues and net income for the years ended December 31, 2014 and 2013, as if the acquisition of the properties acquired during the year ended December 31, 2014 was completed on January 1, 2013 ($ in thousands): For the Years Ended 2014 2013 (unaudited) Pro forma total revenues $ 466,327 $ 399,885 Pro forma net income (loss) 15,351 (as revised) (112,355 ) From the date of acquisition in May 2014 through December 31, 2014, $8.3 million in total revenues and $2.9 million in net loss of the acquiree are included in the Company’s consolidated statements of operations. The pro forma revenues and net income are presented for informational purposes only and may not be indicative of what the actual results of operations of the Company would have been assuming the transaction occurred on January 1, 2013, nor do they purport to represent the Company’s results of operations for future periods. During the year ended December 31, 2013, the Company acquired, via foreclosure, title to a residential operating property which previously served as collateral for loans receivable held by the Company. The Company contributed the residential operating property, which had a fair value of $25.5 million , to an entity of which it owns 63% . Based on the control provisions in the partnership agreement, the Company consolidates the entity and reflects its partner's 37% share of equity in "Noncontrolling interests" on the Company's consolidated balance sheets. The acquisition was accounted for at fair value. No gain or loss was recorded in connection with this transaction. Dispositions— During the years ended December 31, 2015 , 2014 and 2013 , the Company sold residential condominiums for total net proceeds of $127.9 million , $236.2 million and $269.7 million , respectively, and recorded income from sales of real estate totaling $40.1 million , $79.1 million and $82.6 million , respectively. During the year ended December 31, 2015, the Company sold net lease assets with a carrying value of $60.8 million resulting in a net gain of $40.1 million . During the year ended December 31, 2015, the Company sold a commercial operating property for $68.5 million to a newly formed unconsolidated entity in which the Company owns a 50.0% equity interest (refer to Note 7). The Company recognized a gain on sale of $13.6 million , reflecting the Company's share of the interest sold, which was recorded as "Income from sales of real estate" in the Company's consolidated statements of operations. During the year ended December 31, 2015, the Company, through a consolidated entity, sold a leasehold interest in a commercial operating property for net proceeds of $93.5 million and simultaneously entered into a ground lease with an initial term of 99 years. In connection with this transaction, the Company recorded a lease incentive asset of $38.1 million , which is included in "Deferred expenses and other assets, net" on the Company's consolidated balance sheets, and deferred a gain of $5.3 million , which is included in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. In December 2015, the Company acquired the noncontrolling interest in the entity for $6.4 million . During the year ended December 31, 2015, the Company sold three commercial operating properties with an aggregate carrying value of $5.3 million for net proceeds that approximated carrying value. During the year ended December 31, 2014, the Company sold net lease assets with a carrying value of $8.0 million resulting in a gain of $6.2 million . The Company also sold a commercial operating property with a carrying value of $29.4 million resulting in a gain of $4.6 million . These gains were recorded as "Income from sales of real estate" in the Company's consolidated statements of operations. Additionally, during the same period, the Company sold a net lease asset for net proceeds of $7.8 million . The Company recorded an impairment loss of $3.0 million in connection with the sale. During the year ended December 31, 2014, the Company sold its 72% interest in a previously consolidated entity, which owned a net lease asset subject to a non-recourse mortgage of $26.0 million at the time of sale, to the Net Lease Venture for net proceeds of $10.1 million that approximated carrying value. Additionally, during the year ended December 31, 2013, the Company sold five net lease assets with a carrying value of $18.7 million resulting in a net gain of $2.2 million . During the same period, the Company sold six commercial operating properties with a carrying value of $72.6 million resulting in a net gain of $18.6 million . These gains were recorded as "Gain from discontinued operations" in the Company's consolidated statements of operations. The Company also sold residential lots with a carrying value of $18.9 million for proceeds that approximated carrying value and sold other land assets with a carrying value of $14.8 million resulting in a gain of $0.6 million . During the year ended December 31, 2013, the Company sold land for net proceeds of $21.4 million to a newly formed entity in which the Company also received a preferred partnership interest and a 47.5% equity interest. The Company recognized a gain of $3.4 million , reflecting the proportionate share of the sold interest, which was recorded as “Income from sales of real estate” in the Company’s consolidated statements of operations. Discontinued Operations— The Company has elected to early adopt ASU 2014-08 beginning with disposals and classifications of assets as held for sale that occurred after December 31, 2013. During the years ended December 31, 2015 and 2014, there were no disposals or assets classified as held for sale which were individually significant or represented a strategic shift that has (or will have) a major effect on the Company's operations and financial results. The following table summarizes income (loss) from discontinued operations for the year ended December 31, 2013 ($ in thousands): Revenues $ 5,545 Total expenses (3,138 ) Impairment of assets (1,763 ) Income (loss) from discontinued operations $ 644 Impairments— During the year ended December 31, 2015 , 2014 and 2013, the Company recorded impairments on real estate assets totaling $5.9 million , $11.8 million and $13.6 million , respectively. The impairments recorded in 2015 resulted from a change in business strategy for two commercial operating properties and unfavorable local market conditions for one residential property. The impairments recorded in 2014 resulted from changes in business strategy for a residential property, unfavorable local market conditions for two real estate properties and from the sale of net lease assets. The impairments recorded in 2013 resulted from changes in local market conditions and business strategy for certain assets. For the year ended December 31, 2013, $1.8 million has been recorded in "Income (loss) from discontinued operations" in the Company's consolidated statements of operations due to the assets being sold as of December 31, 2013 (see above). Tenant Reimbursements— The Company receives reimbursements from tenants for certain facility operating expenses including common area costs, insurance, utilities and real estate taxes. Tenant expense reimbursements were $26.8 million , $30.0 million and $31.8 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. These amounts are included in "Operating lease income" in the Company's consolidated statements of operations. Redeemable Noncontrolling Interest— As of December 31, 2015 and December 31, 2014 , the Company had a redeemable noncontrolling interest of $7.2 million and $9.9 million , respectively, which is not currently redeemable, for which the Company records changes in the fair value over the redemption periods. As of December 31, 2015 and December 31, 2014 , this interest had an estimated redemption value of $9.2 million and $23.6 million , respectively. Allowance for Doubtful Accounts— As of December 31, 2015 and December 31, 2014 , the allowance for doubtful accounts related to real estate tenant receivables was $1.9 million and $1.3 million , respectively, and the allowance for doubtful accounts related to deferred operating lease income was $1.5 million and $2.4 million , respectively. These amounts are included in "Accrued interest and operating lease income receivable, net" and "Deferred operating lease income receivable, net", respectively, on the Company's consolidated balance sheets. Future Minimum Operating Lease Payments— Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2015 , are as follows ($ in thousands): Year Net Lease Assets Operating Properties 2016 $ 121,168 $ 46,438 2017 117,110 46,358 2018 115,158 42,010 2019 113,969 37,990 2020 112,483 34,281

Land and Development

Land and Development	12 Months Ended
	Dec. 31, 2015
Land and Land Improvements [Abstract]
Land and Development	Land and Development The Company's land and development assets were comprised of the following ($ in thousands): As of December 31, 2015 2014 Land and land improvements, at cost $ 1,007,995 $ 987,329 Less: accumulated depreciation (6,032 ) (8,367 ) Total land and development 1,001,963 978,962 Acquisitions— During the year ended December 31, 2014, the Company acquired, via deed-in-lieu, title to a land asset that previously served as collateral for loans receivable. The fair value of the land asset was $5.5 million . During the year ended December 31, 2013, the Company acquired, via foreclosure, title to two land properties, which previously served as collateral for loans receivable held by the Company. The total fair value of the land properties was $15.6 million . Dispositions— For the years ended December 31, 2015 and 2014, the Company sold residential lots and parcels and recognized land development revenue of $100.2 million and $15.2 million , respectively, from its land and development portfolio. For the years ended December 31, 2015 and 2014, the Company recognized land development cost of sales of $67.4 million and $12.8 million , respectively, from its land and development portfolio. During 2015, the Company sold a land and development asset and recorded $36.9 million in land development revenue in the Company's consolidated statements of operations. In connection with the sale, the Company recorded a receivable for additional proceeds that it will receive from the buyer subject to the Company's completion of certain easement agreements resulting in deferred net revenue of $6.0 million . The receivable is included in "Deferred expenses and other assets, net" and the deferred revenue is included in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. During 2015, the Company sold a land and development asset and recorded $25.9 million in land development revenue in the Company's consolidated statements of operations. In addition, the Company provided financing to the buyer in the form of a loan with a fair value of $16.7 million . The loan is included in "Loans receivable and other lending investments, net" on the Company's consolidated balance sheets. During 2015, the Company transferred a land asset to a purchaser at a stated price of $16.1 million , as part of an agreement to construct an amphitheater, for which the Company received proceeds of $5.3 million , with the remainder to be received upon completion of the development project. Due to the Company's continuing involvement in the project, no sale was recognized and the proceeds were recorded in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets (refer to Note 8). During the year ended December 31, 2014, the Company also sold land and development assets with a carrying value of $6.8 million for proceeds that approximated carrying value. During the same period, the Company contributed land with a carrying value of $9.5 million to a newly formed unconsolidated entity (refer to Note 7 ). During the year ended December 31, 2013, the Company contributed land with carrying value of $24.1 million to a newly formed unconsolidated entity in which the Company received an equity interest of 75.6% . As a result of the transfer, the Company recognized a $7.4 million loss, which was recorded as “Loss on transfer of interest to unconsolidated subsidiary” on the Company’s consolidated statements of operations. Impairments— During the years ended December 31, 2015, 2014 and 2013, the Company recorded impairments on land and development assets of $4.6 million , $22.8 million and $0.7 million , respectively.

Loans Receivable and Other Lend

Loans Receivable and Other Lending Investments, net	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Loans Receivable and Other Lending Investments, net	Loans Receivable and Other Lending Investments, net The following is a summary of the Company's loans receivable and other lending investments by class ($ in thousands): As of December 31, Type of Investment 2015 2014 Senior mortgages $ 975,915 $ 737,535 Corporate/Partnership loans 643,270 497,796 Subordinate mortgages 28,676 53,331 Total gross carrying value of loans 1,647,861 1,288,662 Reserves for loan losses (108,165 ) (98,490 ) Total loans receivable, net 1,539,696 1,190,172 Other lending investments—securities 62,289 187,671 Total loans receivable and other lending investments, net (1) $ 1,601,985 $ 1,377,843 ______________________________________________________________________________ (1) The Company's recorded investment in loans as of December 31, 2015 and 2014 includes accrued interest of $9.0 million and $7.0 million , respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's consolidated balance sheets. In June 2015, the Company received a loan with a fair value of $146.7 million as a non-cash paydown on an existing $196.6 million loan and reduced the principal balance by the same amount. The loan received has been recorded as a loan receivable and is included in "Loans receivable and other lending investments, net" on the Company’s consolidated balance sheet. In connection with the transaction, the Company recorded a provision for loan losses of $25.9 million on the original loan resulting in a remaining balance of $24.0 million . In October 2015, the Company received full payment of the remaining balance. During the year ended December 31, 2015 , the Company sold a loan with a carrying value of $5.5 million . No gain was recorded on the sale. During the years ended December 31, 2014 and 2013 , the Company sold loans with aggregate carrying values of $30.8 million and $95.1 million , respectively, which resulted in gains (losses) of $19.1 million and $(0.6) million , respectively. Gains and losses on sales of loans are included in "Other income" in the Company's consolidated statements of operations. Reserve for Loan Losses —Changes in the Company's reserve for loan losses were as follows ($ in thousands): For the Years Ended December 31, 2015 2014 2013 Reserve for loan losses at beginning of period $ 98,490 $ 377,204 $ 524,499 Provision for (recovery of) loan losses (1) 36,567 (1,714 ) 5,489 Charge-offs (26,892 ) (277,000 ) (152,784 ) Reserve for loan losses at end of period $ 108,165 $ 98,490 $ 377,204 ______________________________________________________________________________ (1) For the years ended December 31, 2015 , 2014 and 2013 , the provision for loan losses includes recoveries of previously recorded loan loss reserves of $0.6 million , $10.1 million and $63.1 million , respectively. The Company's recorded investment in loans (comprised of a loan's carrying value plus accrued interest) and the associated reserve for loan losses were as follows ($ in thousands): Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment (2) Total As of December 31, 2015 Loans $ 132,492 $ 1,524,347 $ 1,656,839 Less: Reserve for loan losses (72,165 ) (36,000 ) (108,165 ) Total $ 60,327 $ 1,488,347 $ 1,548,674 As of December 31, 2014 Loans $ 139,672 $ 1,156,031 $ 1,295,703 Less: Reserve for loan losses (64,990 ) (33,500 ) (98,490 ) Total $ 74,682 $ 1,122,531 $ 1,197,213 _______________________________________________________________________________ (1) The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs totaling net discounts of $0.2 million and $0.2 million as of December 31, 2015 and 2014 , respectively. The Company's loans individually evaluated for impairment primarily represent loans on non-accrual status and therefore, the unamortized amounts associated with these loans are not currently being amortized into income. (2) The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs totaling net discounts of $8.2 million and $10.6 million as of December 31, 2015 and 2014 , respectively. Credit Characteristics —As part of the Company's process for monitoring the credit quality of its loans, it performs a quarterly loan portfolio assessment and assigns risk ratings to each of its performing loans. Risk ratings, which range from 1 (lower risk) to 5 (higher risk), are based on judgments which are inherently uncertain and there can be no assurance that actual performance will be similar to current expectation. The Company's recorded investment in performing loans, presented by class and by credit quality, as indicated by risk rating, was as follows ($ in thousands): As of December 31, 2015 2014 Performing Loans Weighted Average Risk Ratings Performing Loans Weighted Average Risk Ratings Senior mortgages $ 853,595 2.96 $ 611,009 2.73 Corporate/Partnership loans 641,713 3.37 501,620 3.88 Subordinate mortgages 29,039 3.64 53,836 2.87 Total $ 1,524,347 3.15 $ 1,166,465 3.23 As of December 31, 2015 , the Company's recorded investment in loans, aged by payment status and presented by class, were as follows ($ in thousands): Current Less Than and Equal to 90 Days Greater Than 90 Days (1) Total Past Due Total Senior mortgages $ 864,099 $ — $ 116,250 $ 116,250 $ 980,349 Corporate/Partnership loans 647,451 — — — 647,451 Subordinate mortgages 29,039 — — — 29,039 Total $ 1,540,589 $ — $ 116,250 $ 116,250 $ 1,656,839 _______________________________________________________________________________ (1) As of December 31, 2015 , the Company had four loans which were greater than 90 days delinquent and were in various stages of resolution, including legal proceedings, environmental concerns and foreclosure-related proceedings, and ranged from 1.0 to 7.0 years outstanding. Impaired Loans —The Company's recorded investment in impaired loans, presented by class, were as follows ($ in thousands) (1) : As of December 31, 2015 As of December 31, 2014 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With an allowance recorded: Senior mortgages $ 126,754 $ 125,776 $ (69,627 ) $ 130,645 $ 129,744 $ (64,440 ) Corporate/Partnership loans 5,738 5,738 (2,538 ) 9,027 9,057 (550 ) Total $ 132,492 $ 131,514 $ (72,165 ) $ 139,672 $ 138,801 $ (64,990 ) _______________________________________________________________________________ (1) All of the Company's non-accrual loans are considered impaired and included in the table above. As of December 31, 2014 , impaired loans also includes certain loans modified through troubled debt restructurings in accordance with GAAP with a recorded investment of $10.4 million although they are performing and on accrual status. The Company's average recorded investment in impaired loans and interest income recognized, presented by class, were as follows ($ in thousands): For the Years Ended December 31, 2015 2014 2013 Average Interest Average Interest Average Recorded Investment Interest Income Recognized With no related allowance recorded: Senior mortgages $ — $ — $ 35,659 $ 1,922 $ 31,409 $ 9,269 Corporate/Partnership loans — — — — 8,062 6,050 Subtotal — — 35,659 1,922 39,471 15,319 With an allowance recorded: Senior mortgages 129,135 38 334,351 158 794,247 1,976 Corporate/Partnership loans 24,252 12 52,963 181 77,661 323 Subordinate mortgages — — — — 32,382 — Subtotal 153,387 50 387,314 339 904,290 2,299 Total: Senior mortgages 129,135 38 370,010 2,080 825,656 11,245 Corporate/Partnership loans 24,252 12 52,963 181 85,723 6,373 Subordinate mortgages — — — — 32,382 — Total $ 153,387 $ 50 $ 422,973 $ 2,261 $ 943,761 $ 17,618 There was no interest income related to the resolution of non-performing loans recorded during the years ended December 31, 2015 and 2014. During the year ended December 31, 2013, the Company recorded interest income of $13.3 million related to the resolution of non-performing loans. Interest income was not previously recorded while the loans were on non-accrual status. Troubled Debt Restructurings —During the year ended December 31, 2015, the Company modified two senior loans that were determined to be troubled debt restructurings. The Company restructured one non-performing loan with a recorded investment of $5.8 million to grant a maturity extension of one year. The Company also modified one non-performing loan with a recorded investment of $11.6 million to grant a discounted payoff option and a maturity extension of one year. The Company's recorded investment in these loans was not impacted by the modifications. During the year ended December 31, 2014, the Company restructured one non-performing senior loan that was determined to be a troubled debt restructuring with a recorded investment of $7.0 million to grant a maturity extension of one year and included conditional extension options. The Company's recorded investment in this loan was not impacted by the modification. During the year ended December 31, 2013, the Company restructured six senior loans that were determined to be troubled debt restructurings. The Company restructured two performing loans with a combined recorded investment of $4.6 million to grant maturity extensions of one year each. Non-performing loans with a combined investment of $ 174.5 million were also modified during the year ended December 31, 2013. Included in this balance were two loans with a combined recorded investment of $98.3 million in which the Company received $15.4 million of paydowns and accepted discounted payoff options on these loans. At the time of the restructuring, the Company reclassified the loans from non-performing to performing status as the Company believed the borrowers would perform under the modified terms of the agreements. The loans were repaid in January 2014 and July 2014 at the discounted payoff amount. Generally when granting concessions, the Company will seek to protect its position by requiring incremental pay downs, additional collateral or guarantees and in some cases lookback features or equity kickers to offset concessions granted should conditions impacting the loan improve. The Company's determination of credit losses is impacted by troubled debt restructurings whereby loans that have gone through troubled debt restructurings are considered impaired, assessed for specific reserves, and are not included in the Company's assessment of general loan loss reserves. Loans previously restructured under troubled debt restructurings that subsequently default are reassessed to incorporate the Company's current assumptions on expected cash flows and additional provision expense is recorded to the extent necessary. As of December 31, 2015 , there were no unfunded commitments associated with modified loans considered troubled debt restructurings. Securities —Other lending investments—securities includes the following ($ in thousands): Face Value Amortized Cost Basis Net Unrealized Gain (Loss) Estimated Fair Value Net Carrying Value As of December 31, 2015 Available-for-Sale Securities Municipal debt securities $ 1,010 $ 1,010 $ 151 $ 1,161 $ 1,161 Held-to-Maturity Securities Corporate debt securities 54,549 61,128 — 61,199 61,128 Total $ 55,559 $ 62,138 $ 151 $ 62,360 $ 62,289 As of December 31, 2014 Available-for-Sale Securities Municipal debt securities $ 1,020 $ 1,020 $ 147 $ 1,167 $ 1,167 Held-to-Maturity Securities Corporate debt securities 176,254 186,504 — 190,199 186,504 Total $ 177,274 $ 187,524 $ 147 $ 191,366 $ 187,671 As of December 31, 2015 , the contractual maturities of the Company's securities were as follows ($ in thousands): Held-to-Maturity Securities Available-for-Sale Securities Amortized Cost Basis Estimated Fair Value Amortized Cost Basis Estimated Fair Value Maturities Within one year $ 61,128 $ 61,199 $ — $ — After one year through 5 years — — — — After 5 years through 10 years — — — — After 10 years — — 1,010 1,161 Total $ 61,128 $ 61,199 $ 1,010 $ 1,161

Other Investments

Other Investments	12 Months Ended
	Dec. 31, 2015
Investments, All Other Investments [Abstract]
Other Investments	Other Investments The Company's other investments and its proportionate share of earnings (losses) from equity method investments were as follows ($ in thousands): Carrying Value Equity in Earnings (Losses) As of December 31, For the Years Ended December 31, 2015 2014 2015 2014 2013 Other real estate equity investments (1) $ 81,452 $ 88,848 $ (5,212 ) $ 36,842 $ 2,869 iStar Net Lease I LLC ("Net Lease Venture") 69,096 125,360 5,221 1,915 — Other investments (2)(3) 51,559 63,263 9,434 38,385 23,810 Marina Palms, LLC ("Marina Palms") 30,099 30,677 23,626 14,671 45 Madison Funds 21,966 45,971 (916 ) 3,092 14,796 Total other investments 254,172 354,119 $ 32,153 $ 94,905 $ 41,520 _______________________________________________________________________________ (1) For the year ended December 31, 2014 , the Company recognized $32.9 million of earnings from equity method investments resulting from asset sales by one of its equity method investees. (2) During the year ended December 31, 2014 , the Company recognized $23.4 million of earnings from equity method investments resulting from asset sales and a legal settlement by one of its equity method investees. (3) In conjunction with the sale of the Company's interests in Oak Hill Advisors, L.P. in 2011, the Company retained a share of the carried interest related to various funds. During the years ended December 31, 2015 and 2014 , the Company recognized $2.2 million and $9.0 million of carried interest income. Net Lease Venture —In February 2014, the Company partnered with a sovereign wealth fund to form a new unconsolidated entity in which the Company has an equity interest of approximately 51.9% . This entity is not a VIE and the Company does not have controlling interest due to the substantive participating rights of its partner. The partners plan to contribute up to an aggregate $500 million of equity to acquire and develop net lease assets over time. The Company is responsible for sourcing new opportunities and managing the venture and its assets in exchange for a promote and management fee. Several of the Company's senior executives whose time is substantially devoted to the net lease venture own a total of 0.6% equity ownership in the venture via co-investment. These senior executives are also entitled to an amount equal to 50% of any promote payment received based on the 47.5% partner's interest. During the year ended December 31, 2014 , the Company sold a net lease asset for net proceeds of $93.7 million , which approximated carrying value, to the venture. The Company also sold its 72% interest in a previously consolidated entity, which owns a net lease asset subject to a mortgage of $26.0 million , to the venture for net proceeds of $10.1 million , which approximated carrying value. During the same period, the venture purchased a portfolio of 58 net lease assets for a purchase price of $200.0 million from a third party. As of December 31, 2015 and 2014, the venture's carrying value of total assets was $400.2 million and $348.1 million , respectively. In June 2015, the venture placed ten year debt financing of $120.0 million on one of its net lease assets. Net proceeds from the financing were distributed to its members of which the Company received approximately $61.2 million . During the years ended December 31, 2015 and 2014, the Company recorded $1.5 million and $1.3 million , respectively, of management fees from the Net Lease Venture. The management fees are included in "Other income" in the Company's consolidated statements of operations Marina Palms —During the year ended December 31, 2013 , the Company sold land for net proceeds of $21.4 million to Marina Palms, a residential condominium development in which the Company has a 47.5% equity interest. This entity is not a VIE and the Company does not have controlling interest due to shared control of the entity with its partner. As of December 31, 2015 and 2014 , the venture's carrying value of total assets was $278.5 million and $265.7 million , respectively. Other real estate equity investments —During the year ended December 31, 2015 , the Company sold a commercial operating property for $68.5 million to a newly formed unconsolidated entity in which the Company owns a 50.0% equity interest (refer to Note 4 ). The Company recognized a gain on sale of $13.6 million , reflecting the Company's share of the interest sold, which was recorded as "Income from sales of real estate" in the Company's consolidated statements of operations. The venture placed financing on the property and proceeds from the financing were distributed to its members. Net proceeds received by the Company were $55.4 million , which was net of the Company's $13.6 million non-cash equity contribution to the venture and inclusive of a $21.0 million distribution from the financing proceeds. This entity is not a VIE and the Company does not have a controlling interest due to shared control of the entity with its partner. During the year ended December 31, 2014 , an unconsolidated entity for which the Company held a 50.0% noncontrolling equity interest sold all of its properties. As a result of the transaction, the Company received net proceeds of $48.1 million and recognized a gain of $32.9 million , which is included in "Earnings from equity method investments" in its consolidated statements of operations. During the year ended December 31, 2014 , the Company contributed land to a newly formed unconsolidated entity in which the Company received an initial equity interest of 85.7% . This entity is a VIE and the Company does not have controlling interest due to shared control of the entity with its partner. As of December 31, 2015 and 2014 , the Company had a recorded equity interest of $6.3 million and $9.4 million , respectively. Additionally, the Company committed to provide $45.7 million of mezzanine financing to the entity. As of December 31, 2015 , the loan balance was $33.7 million and is included in "Loans receivable and other lending investments, net" on the Company's consolidated balance sheets. During the years ended December 31, 2015 and 2014, the Company recorded $3.9 million and $0.6 million of interest income, respectively. During the year ended December 31, 2014 , the Company and a consortium of co-lenders formed a new unconsolidated entity, in which the Company received an initial 15.7% equity interest, which acquired, via foreclosure sale, title to a land asset which previously served as collateral for a loan receivable held by the consortium. This entity is not a VIE and the Company does not have controlling interest in the entity as the Company's voting rights are based on its ownership percentage in the entity. During the year ended December 31, 2014, as a result of the transaction, the Company recorded an additional provision of $2.8 million in "Provision for (recovery of) loan losses" in its consolidated statements of operations. As of December 31, 2015 and 2014 , the Company had a recorded equity interest of $24.0 million and $23.5 million , respectively. During the year ended December 31, 2013 , the Company contributed land to a newly formed unconsolidated entity in which the Company received an equity interest of 75.6% . As of December 31, 2015 and 2014 , the Company had a recorded equity interest of $13.5 million and $21.1 million , respectively. This entity is a VIE and the Company does not have controlling interest due to shared control of the entity with its partners. In addition, during the year ended December 31, 2013 , the Company contributed land to a newly formed unconsolidated entity in which the Company also received a 50.0% equity interest. As of December 31, 2015 and 2014 , the Company had a recorded equity interest of $9.9 million and $7.8 million , respectively. This entity is not a VIE and the Company does not have controlling interest due to shared control of the entity with its partner. As of December 31, 2015 , the Company's other real estate equity investments included equity interests in real estate ventures ranging from 31% to 70% , comprised of investments of $11.1 million in operating properties and $16.6 million in land assets. As of December 31, 2014 , the Company's other real estate equity investments included $13.2 million in operating properties and $13.8 million in land assets. Madison Funds —As of December 31, 2015 , the Company owned a 29.5% interest in Madison International Real Estate Fund II, LP, a 32.9% interest in Madison International Real Estate Liquidity Fund III, LP, a 32.9% interest in Madison International Real Estate Liquidity Fund III AIV, LP and a 29.5% interest in Madison GP1 Investors, LP (collectively, the "Madison Funds"). The Madison Funds invest in ownership positions of entities that own real estate assets. The Company determined that these entities are VIEs and that the Company is not the primary beneficiary. Other Investments —As of December 31, 2015 , the Company also had smaller investments in real estate related funds and other strategic investments in several other entities that were accounted for under the equity method or cost method. During the year ended December 31, 2015 , the Company sold available-for-sale securities for proceeds of $7.4 million for gains of $2.6 million , which are included in "Other income" in the Company's consolidated statements of operations. The amount reclassified out of accumulated other comprehensive income into earnings was determined based on the specific identification method. LNR —In July 2010, the Company acquired an ownership interest of approximately 24% in LNR Property Corporation ("LNR"). LNR is a servicer and special servicer of commercial mortgage loans and CMBS and a diversified real estate investment, finance and management company. In the transaction, the Company and a group of investors, including other creditors of LNR, acquired 100% of the common stock of LNR in exchange for cash and the extinguishment of existing senior notes of LNR's parent holding company (the "Holdco Notes"). The Company contributed $100.0 million aggregate principal amount of Holdco Notes and $100.0 million in cash in exchange for an equity interest of $120.0 million . Beginning in September 2012, the Company and other owners of LNR entered into negotiations with potential purchasers of LNR. After an extensive due diligence and negotiation process, the LNR owners entered into a definitive contract to sell LNR in January 2013 at a fixed sale price which, from the Company's perspective, reflected in part the Company's then-current expectations about the future results of LNR and potential volatility in its business. The definitive sale contract provided that LNR would not make cash distributions to its owners during the fourth quarter of 2012 through the closing of the sale. Notwithstanding the fixed terms of the contract, our investment balance in LNR increased due to equity in earnings recorded which resulted in our recognition of other than temporary impairment on our investment during the year ended December 31, 2013 . In April 2013, the Company completed the sale of its 24% equity interest in LNR and received $220.3 million in net proceeds. Approximately $25.2 million of net proceeds, which were placed in escrow for potential indemnification obligations, were released to the Company in April 2014. The following table represents investee level summarized financial information for LNR ($ in thousands) (1) : For the Period from October 1, 2012 to April 19, 2013 For the Year Ended September 30, 2012 Income Statements Total revenue (2) $ 179,373 $ 332,902 Income tax (expense) benefit (2,137 ) (6,731 ) Net income attributable to LNR (3) 113,478 253,039 iStar's ownership percentage 24 % 24 % iStar's equity in earnings from LNR $ 45,375 $ 60,669 For the Period from October 1, 2012 to April 19, 2013 For the Year Ended September 30, 2012 Cash Flows Operating cash flows $ (127,075 ) $ (85,909 ) Cash flows from investing activities (36,543 ) (55,686 ) Cash flows from financing activities 217,241 229,634 Net cash flows 53,623 88,039 Cash distributions — 61,179 iStar's ownership percentage 24 % 24 % Cash distributions received by iStar $ — $ 14,690 _______________________________________________________________________________ (1) The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag. Therefore, the amounts in the Company's financial statements for the year ended December 31, 2013 was based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 are based on the balances and results from LNR for the year ended September 30, 2012. (2) LNR consolidates certain commercial mortgage-backed securities and collateralized debt obligation trusts that are considered VIEs (and for which it is the primary beneficiary), that have been included in the amounts presented above. Total revenue presented above includes $55.5 million and $95.4 million for the period from October 1, 2012 to April 19, 2013 and for the year ended September 30, 2012, respectively, of servicing fee revenue that is eliminated upon consolidation of the VIE's at the LNR level. This income is then added back through consolidation at the LNR level as an adjustment to income allocable to noncontrolling entities and has no net impact on net income attributable to LNR. (3) Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR pursuant to the definitive sale agreement as described above. The following table reconciles the activity related to the Company's investment in LNR for the three months ended March 31, 2013 and June 30, 2013, the six months ended December 31, 2013 and the year ended December 31, 2013 ($ in thousands): For the Three Months Ended March 31, 2013 For the Three Months Ended June 30, 2013 For the Six Months Ended December 31, 2013 For the Year Ended December 31, 2013 Carrying value of LNR at beginning of period $ 205,773 $ 220,281 $ — $ 205,773 Equity in earnings of LNR for the period (1) 45,375 — — 45,375 (a) Balance before other than temporary impairment 251,148 220,281 — 251,148 Other than temporary impairment (1) (30,867 ) — — (30,867 ) (b) Sales proceeds pursuant to contract — (220,281 ) — (220,281 ) Carrying value of LNR at end of period 220,281 — — — _______________________________________________________________________________ (1) During the year ended December 31, 2013 , the Company recorded an other than temporary impairment of $30.9 million . Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR pursuant to the definitive sale agreement as described above. For the year ended December 31, 2013 , the amount that was recognized as income in the Company's Consolidated Statements of Operations is the sum of items (a) and (b), and $1.7 million of income recognized for the release of other comprehensive income related to LNR upon sale, or $16.5 million . Summarized investee financial information —The following tables present the investee level summarized financial information of the Company's equity method investments ($ in thousands): Revenues Expenses Net Income Attributable to Parent Entities For the Year Ended December 31, 2015 Marina Palms, LLC ("Marina Palms") $ 179,333 $ (115,584 ) $ 63,749 iStar Net Lease I LLC ("Net Lease Venture") 31,315 (20,666 ) 10,060 OHASCF 111,707 (697 ) 111,010 1000 SCI, LLC — (367 ) (367 ) Outlets at Westgate, LLC ("Westgate") 15,726 (11,150 ) 4,576 Other investments 143,143 (97,504 ) 45,501 Total $ 481,224 $ (245,968 ) $ 234,529 For the Year Ended December 31, 2014 Marina Palms $ 114,125 $ (77,120 ) $ 37,005 Net Lease Venture (1) 13,826 (9,917 ) 3,691 OHASCF 78,262 (951 ) 77,311 Westgate 13,118 (9,618 ) 3,500 Other investments 406,708 (87,997 ) 318,703 Total $ 626,039 $ (185,603 ) $ 440,210 For the Year Ended December 31, 2013 OHASCF $ 72,313 $ (1,642 ) $ 70,671 Westgate 12,447 (8,889 ) 3,558 Marina Palms (2) 73 (3,525 ) (3,452 ) Other investments 199,680 (63,577 ) 135,421 Total $ 284,513 $ (77,633 ) $ 206,198 _______________________________________________________________________________ (1) The Company began accounting for its investment in Net Lease Venture under the equity method of accounting on February 13, 2014. The amounts in the Company's financial statements for the year ended December 31, 2014 are based on the balances and results from Net Lease Venture for the period from February 13, 2014 to December 31, 2014 . (2) The Company began accounting for its investment in Marina Palms under the equity method of accounting on April 17, 2013. The amounts in the Company's financial statements for the year ended December 31, 2013 are based on the balances and results from Marina Palms for the period from April 17, 2013 to December 31, 2013 . As of December 31, 2015 2014 Balance Sheets Total assets $ 3,597,587 $ 3,464,984 Total liabilities 768,622 479,298 Noncontrolling interests 19,208 3,297 Total equity 2,809,757 2,982,389

Other Assets and Other Liabilit

Other Assets and Other Liabilities	12 Months Ended
	Dec. 31, 2015
Other Assets and Other Liabilities [Abstract]
Other Assets and Other Liabilities	Other Assets and Other Liabilities Deferred expenses and other assets, net, consist of the following items ($ in thousands): As of December 31, 2015 2014 Intangible assets, net (1) $ 71,446 $ 50,088 Other assets (2) 35,464 37,085 Restricted cash 26,657 19,283 Deferred financing fees, net (3) 26,635 36,774 Other receivables 22,557 13,115 Leasing costs, net (4) 19,393 20,031 Corporate furniture, fixtures and equipment, net (5) 4,405 5,409 Deferred expenses and other assets, net $ 206,557 $ 181,785 _______________________________________________________________________________ (1) Intangible assets, net are primarily related to the acquisition of real estate assets. This balance also includes a lease incentive asset of $38.1 million (refer to Note 4). Accumulated amortization on intangible assets was $37.3 million and $45.1 million as of December 31, 2015 and 2014 , respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $6.7 million , $8.6 million and $7.2 million for the years ended December 31, 2015 , 2014 , and 2013 , respectively. These intangible lease assets are amortized over the term of the lease. The amortization expense for other intangible assets was $3.6 million , $6.7 million and $8.2 million for the years ended December 31, 2015 , 2014 , and 2013 , respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations. (2) Includes a $7.0 million receivable in connection with the sale of a land parcel in December 2015. (3) Accumulated amortization on deferred financing fees was $27.8 million and $15.4 million as of December 31, 2015 and 2014 , respectively. (4) Accumulated amortization on leasing costs was $9.8 million and $9.0 million as of December 31, 2015 and 2014 , respectively. (5) Accumulated depreciation on corporate furniture, fixtures and equipment was $8.1 million and $7.1 million as of December 31, 2015 and 2014 , respectively. Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands): As of December 31, 2015 2014 Accrued expenses (1) $ 68,937 $ 62,866 Other liabilities (2) 80,332 48,256 Accrued interest payable 55,081 57,895 Intangible liabilities, net (3) 10,485 11,885 Accounts payable, accrued expenses and other liabilities (4) $ 214,835 $ 180,902 _______________________________________________________________________________ (1) As of December 31, 2015 and 2014, accrued expenses includes $5.3 million and $2.7 million , respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets. (2) As of December 31, 2015 and 2014, "Other liabilities" includes $14.5 million and $6.8 million , respectively, related to a profit sharing payable to a developer for residential units sold and $4.4 million and $0.9 million , respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets. As of December 31, 2015 and 2014, "Other liabilities" also includes $6.6 million and $7.7 million , respectively related to tax increment financing bonds which were issued by a governmental entity to fund the installation of infrastructure within one of the Company's master planned community developments. The balance represents a special assessment associated with each individual land parcel, which will decrease as the Company sells parcels. As of December 31, 2015, includes $0.9 million related to share repurchases that settled in January 2016. As of December 31, 2015, includes $6.0 million of deferred net revenue in connection with the sale of a land and development asset (refer to Note 5). (3) Intangible liabilities, net are primarily related to the acquisition of real estate assets. Accumulated amortization on intangible liabilities was $6.6 million and $6.2 million as of December 31, 2015 and 2014 , respectively. The amortization of intangible liabilities increased operating lease income in the Company's consolidated statements of operations by $1.5 million , $2.5 million and $2.8 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. (4) As of December 31, 2015 and 2014, includes $26.2 million and $15.2 million , respectively, of capital expenditures that have not yet been paid in cash. Intangible assets— The estimated expense from the amortization of lease intangible assets for each of the five succeeding fiscal years is as follows ($ in thousands): 2016 $ 3,312 2017 3,127 2018 2,834 2019 2,768 2020 2,706

Loan Participations Payable, Ne

Loan Participations Payable, Net	12 Months Ended
	Dec. 31, 2015
Transfers and Servicing of Financial Assets [Abstract]
Loan Participations Payable, Net	Loan Participations Payable, net During the year ended December 31, 2015, the Company transferred to a third party a $100.0 million junior loan participation in a $250.0 million mezzanine loan commitment that it had previously originated. The Company had funded $38.9 million of the junior loan prior to transfer and received proceeds of $38.9 million upon transfer. The transferee is responsible for funding the remaining $61.1 million under the junior loan commitment, which bears interest at a rate of 5.9% . The Company will fund these commitments if the transferee defaults. During the year ended December 31, 2015, the transferee funded an additional $14.1 million directly to the borrower. During the year ended December 31, 2015, the Company transferred to a third party a $100.0 million senior loan participation in a $220.2 million senior loan commitment that it had previously originated. The transferred participation bears interest at a rate of LIBOR+ 3.50% with a LIBOR floor of 0.25%. The Company had fully funded the $100.0 million transferred participation prior to transfer and received net proceeds of $99.2 million . These transfers of financial assets did not meet the sales criteria established under ASC Topic 860 and have been accounted for as loan participations payable as of December 31, 2015, with a balance of $152.3 million , net of a discount. As of December 31, 2015, the corresponding loan receivable balances were $153.0 million and are included in "Loans receivable and other lending investments, net" on the Company's consolidated balance sheets. The principal and interest due on these participations are paid from cash flows of the corresponding loans receivable, which serve as collateral for the participations.

Debt Obligations, net

Debt Obligations, net	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Obligations, net	Debt Obligations, net As of December 31, 2015 and 2014 , the Company's debt obligations were as follows ($ in thousands): Carrying Value as of December 31, Stated Interest Rates Scheduled Maturity Date 2015 2014 Secured credit facilities and term loans: 2012 Tranche A-2 Facility $ 339,717 $ 358,504 LIBOR + 5.75% (1) March 2017 2015 Revolving Credit Facility 250,000 — Various (2) March 2018 Term loans collateralized by net lease assets 239,547 248,955 4.85% - 7.26% (3) Various through 2026 Total secured credit facilities and term loans 829,264 607,459 Unsecured notes: 6.05% senior notes — 105,765 6.05 % — 5.875% senior notes 261,403 261,403 5.875 % March 2016 3.875% senior notes 265,000 265,000 3.875 % July 2016 3.00% senior convertible notes (4) 200,000 200,000 3.00 % November 2016 1.50% senior convertible notes (5) 200,000 200,000 1.50 % November 2016 5.85% senior notes 99,722 99,722 5.85 % March 2017 9.00% senior notes 275,000 275,000 9.00 % June 2017 4.00% senior notes 550,000 550,000 4.00 % November 2017 7.125% senior notes 300,000 300,000 7.125 % February 2018 4.875% senior notes 300,000 300,000 4.875 % July 2018 5.00% senior notes 770,000 770,000 5.00 % July 2019 Total unsecured notes 3,221,125 3,326,890 Other debt obligations: Other debt obligations 100,000 100,000 LIBOR + 1.50% October 2035 Total debt obligations 4,150,389 4,034,349 Debt discounts, net (6,706 ) (11,665 ) Total debt obligations, net (6) $ 4,143,683 $ 4,022,684 _______________________________________________________________________________ (1) The loan has a LIBOR floor of 1.25% . As of December 31, 2015 , inclusive of the floor, the 2012 Tranche A-2 Facility loan incurred interest at a rate of 7.00% . (2) The loan bears interest at the Company's election of either (i) a base rate, which is the greater of (a) prime, (b) federal funds plus 0.5% or (c) LIBOR plus 1.00% and subject to a margin ranging from 1.25% to 1.75% , or (ii) LIBOR subject to a margin ranging from 2.25% to 2.75% . At maturity, the Company may convert outstanding borrowings to a one year term loan which matures in quarterly installments through March 2019. (3) As of December 31, 2015 and 2014 , includes a loan with a floating rate of LIBOR plus 2.00% . As of December 31, 2015 , the weighted average interest rate of these loans is 5.3% . (4) The Company's 3.00% senior convertible fixed rate notes due November 2016 (" 3.00% Convertible Notes") are convertible at the option of the holders, into 85.0 shares per $1,000 principal amount of 3.00% Convertible Notes, at $11.77 per share at any time prior to the close of business on November 14, 2016. (5) The Company's 1.50% senior convertible fixed rate notes due November 2016 (" 1.50% Convertible Notes") are convertible at the option of the holders, into 57.8 shares per $1,000 principal amount of 1.50% Convertible Notes, at $17.29 per share at any time prior to the close of business on November 14, 2016. (6) The Company capitalized interest relating to development activities of $5.3 million , $4.9 million and $2.6 million for the years ended December 31, 2015 2014 and 2013 , respectively. Future Scheduled Maturities —As of December 31, 2015 , future scheduled maturities of outstanding debt obligations are as follows ($ in thousands): Unsecured Debt Secured Debt Total 2016 $ 926,403 $ — $ 926,403 2017 924,722 339,717 1,264,439 2018 600,000 263,290 863,290 2019 770,000 30,795 800,795 2020 — — — Thereafter 100,000 195,462 295,462 Total principal maturities 3,321,125 829,264 4,150,389 Debt discounts, net (5,522 ) (1,184 ) (6,706 ) Total debt obligations, net $ 3,315,603 $ 828,080 $ 4,143,683 2015 Revolving Credit Facility —On March 27, 2015, the Company entered into a secured revolving credit facility with a maximum capacity of $250.0 million (the "2015 Revolving Credit Facility"). Borrowings under this credit facility bear interest at a floating rate indexed to one of several base rates plus a margin which adjusts upward or downward based upon the Company's corporate credit rating. An undrawn credit facility commitment fee ranges from 0.375% to 0.5% , based on average utilization each quarter. During the year ended December 31, 2015, the weighted average cost of the credit facility was 3.13% . Commitments under the revolving facility mature in March 2018. At maturity, the Company may convert outstanding borrowings to a one year term loan which matures in quarterly installments through March 2019. 2012 Secured Credit Facilities —In March 2012, the Company entered into an $880.0 million senior secured credit agreement providing for two tranches of term loans: a $410.0 million 2012 A-1 tranche due March 2016, which bore interest at a rate of LIBOR + 4.00% (the "2012 Tranche A-1 Facility"), and a $470.0 million 2012 A-2 tranche due March 2017, which bears interest at a rate of LIBOR + 5.75% (the "2012 Tranche A-2 Facility," together the "2012 Secured Credit Facilities"). The 2012 A-1 and A-2 tranches were issued at 98.0% of par and 98.5% of par, respectively, and both tranches include a LIBOR floor of 1.25% . Proceeds from the 2012 Secured Credit Facilities, together with cash on hand, were used to repurchase and repay other outstanding debt. The 2012 Secured Credit Facilities are collateralized by a first lien on a fixed pool of assets. Proceeds from principal repayments and sales of collateral are applied to amortize the 2012 Secured Credit Facilities. Proceeds received for interest, rent, lease payments and fee income are retained by the Company. The Company may also make optional prepayments, subject to prepayment fees. The 2012 Tranche A-1 Facility was fully repaid in August 2013. Additionally, through December 31, 2015 , the Company made cumulative amortization repayments of $130.3 million on the 2012 Tranche A-2 Facility. For the years ended December 31, 2015 , 2014 and 2013 , repayments of the 2012 Secured Credit Facilities prior to maturity resulted in losses on early extinguishment of debt of $0.3 million , $1.5 million and $1.0 million , respectively, related to the accelerated amortization of discounts and unamortized deferred financing fees on the portion of the facility that was repaid. These amounts are included in "Loss on early extinguishment of debt, net" in the Company's consolidated statements of operations. Unsecured Notes —In June 2014, the Company issued $550.0 million aggregate principal amount of 4.00% senior unsecured notes due November 2017 and $770.0 million aggregate principal amount of 5.00% senior unsecured notes due July 2019. Net proceeds from these transactions, together with cash on hand, were used to fully repay and terminate the February 2013 secured credit facility which had an outstanding balance of $1.32 billion . In connection with the repayment and termination of the February 2013 secured credit facility, for the year ended December 31, 2014, the Company recorded a loss on early extinguishment of debt of $22.8 million related to unamortized discounts and financing fees at the time of refinancing. This amount is included in "Loss on early extinguishment of debt, net" in the Company's consolidated statements of operations. In November 2013, the Company issued $200.0 million aggregate principal of 1.50% convertible senior unsecured notes due November 2016 . Proceeds from the transaction, together with cash on hand, were used to fully repay the remaining $200.6 million of outstanding 5.70% senior unsecured notes due March 2014 . In connection with the repayment of the 5.70% senior unsecured notes, the Company incurred $2.8 million of losses related to a prepayment penalty and the accelerated amortization of discounts, which was recorded in "Loss on early extinguishment of debt, net" in the Company's consolidated statements of operations for the year ended December 31, 2013 . In May 2013, the Company issued $265.0 million aggregate principal of 3.875% senior unsecured notes due July 2016 and issued $300.0 million aggregate principal of 4.875% senior unsecured notes due July 2018 . Net proceeds from these transactions, together with cash on hand, were used to fully repay the remaining $96.8 million of outstanding 8.625% senior unsecured notes due June 2013 and the remaining $448.5 million of outstanding 5.95% senior unsecured notes due in October 2013 . In connection with the repayment of the 5.95% senior unsecured notes, the Company incurred $9.5 million of losses related to a prepayment penalty and the accelerated amortization of discounts, which was recorded in "Loss on early extinguishment of debt, net" in the Company's consolidated statements of operations for the year ended December 31, 2013 . Encumbered/Unencumbered Assets —As of December 31, 2015 and 2014 , the carrying value of the Company's encumbered and unencumbered assets by asset type are as follows ($ in thousands): As of December 31, 2015 2014 Encumbered Assets Unencumbered Assets Encumbered Assets Unencumbered Assets Real estate, net $ 816,721 $ 777,262 $ 602,471 $ 1,213,960 Real estate available and held for sale 10,593 126,681 10,496 156,807 Land and development 17,714 984,249 17,907 961,055 Loans receivable and other lending investments, net (1)(2) 170,162 1,314,823 46,515 1,364,828 Other investments 22,352 231,820 17,708 336,411 Cash and other assets — 1,033,515 — 768,475 Total $ 1,037,542 $ 4,468,350 $ 695,097 $ 4,801,536 _______________________________________________________________________________ (1) As of December 31, 2015 and 2014 , the amounts presented exclude general reserves for loan losses of $36.0 million and $33.5 million , respectively. (2) As of December 31, 2015, the amount presented excludes loan participations of $153.0 million . Debt Covenants The Company's outstanding unsecured debt securities contain corporate level covenants that include a covenant to maintain a ratio of unencumbered assets to unsecured indebtedness of at least 1.2 x and a covenant not to incur additional indebtedness (except for incurrences of permitted debt), if on a pro forma basis, the Company's consolidated fixed charge coverage ratio, determined in accordance with the indentures governing the Company's debt securities, is 1.5 x or lower. If any of the Company's covenants are breached and not cured within applicable cure periods, the breach could result in acceleration of its debt securities unless a waiver or modification is agreed upon with the requisite percentage of the bondholders. While our ability to incur additional indebtedness under the fixed charge coverage ratio is currently limited, we are permitted to incur indebtedness for the purpose of refinancing existing indebtedness and for other permitted purposes under the indentures. The Company's 2012 Secured Credit Facilities and the 2015 Revolving Credit Facility contain certain covenants, including covenants relating to collateral coverage, dividend payments, restrictions on fundamental changes, transactions with affiliates, matters relating to the liens granted to the lenders and the delivery of information to the lenders. In particular, the 2012 Secured Credit Facilities require the Company to maintain collateral coverage of at least 1.25 x outstanding borrowings on the facilities. The 2015 Revolving Credit Facility is secured by a borrowing base of assets and requires the Company to maintain both collateral coverage of at least 1.5 x outstanding borrowings on the facility and a consolidated ratio of cash flow to fixed charges of at least 1.5 x. The 2015 Revolving Credit Facility does not require that proceeds from the borrowing base be used to pay down outstanding borrowings provided the collateral coverage remains at least 1.5 x outstanding borrowings on the facility. To satisfy this covenant, the Company has the option to pay down outstanding borrowings or substitute assets in the borrowing base. In addition, for so long as the Company maintains its qualification as a REIT, the 2012 Secured Credit Facilities and the 2015 Revolving Credit Facility permit the Company to distribute 100% of its REIT taxable income on an annual basis (prior to deducting certain cumulative NOL carryforwards in the case of the 2015 Revolving Credit Facility). The Company may not pay common dividends if it ceases to qualify as a REIT. The Company's 2012 Secured Credit Facilities and the 2015 Revolving Credit Facility contain cross default provisions that would allow the lenders to declare an event of default and accelerate the Company's indebtedness to them if the Company fails to pay amounts due in respect of its other recourse indebtedness in excess of specified thresholds or if the lenders under such other indebtedness are otherwise permitted to accelerate such indebtedness for any reason. The indentures governing the Company's unsecured public debt securities permit the bondholders to declare an event of default and accelerate the Company's indebtedness to them if the Company's other recourse indebtedness in excess of specified thresholds is not paid at final maturity or if such indebtedness is accelerated.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Unfunded Commitments —The Company generally funds construction and development loans and build-outs of space in net lease assets over a period of time if and when the borrowers and tenants meet established milestones and other performance criteria. The Company refers to these arrangements as Performance-Based Commitments. In addition, the Company sometimes establishes a maximum amount of additional funding which it will make available to a borrower or tenant for an expansion or addition to a project if it approves of the expansion or addition in its sole discretion. The Company refers to these arrangements as Discretionary Fundings. Finally, the Company has committed to invest capital in several real estate funds and other ventures. These arrangements are referred to as Strategic Investments. As of December 31, 2015 , the maximum amount of fundings the Company may be required to make under each category, assuming all performance hurdles and milestones are met under the Performance-Based Commitments, that it approves all Discretionary Fundings and that 100% of its capital committed to Strategic Investments is drawn down, are as follows ($ in thousands): Loans and Other Lending Investments Real Estate Other Investments Total Performance-Based Commitments $ 689,014 $ 15,626 $ 23,360 $ 728,000 Strategic Investments — — 45,940 45,940 Discretionary Fundings 5,000 — — 5,000 Total $ 694,014 $ 15,626 $ 69,300 $ 778,940 Other Commitments —Total operating lease expense for the years ended December 31, 2015 , 2014 and 2013 was $6.0 million , $5.8 million and $6.1 million , respectively. Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands): 2016 $ 5,722 2017 5,210 2018 4,185 2019 3,442 2020 3,442 Thereafter 4,823 The Company has also issued letters of credit totaling $2.2 million in connection with its investments. Legal Proceedings —The Company and/or one or more of its subsidiaries is party to various pending litigation matters that are considered ordinary routine litigation incidental to the Company's business as a finance and investment company focused on the commercial real estate industry, including loan foreclosure and foreclosure-related proceedings. In addition to such matters, the Company is a party to the following legal proceedings: On March 7, 2014, a shareholder action purporting to assert derivative, class and individual claims was filed in the Circuit Court for Baltimore City, Maryland naming the Company, a number of its current and former senior executives (including its chief executive officer) and current and former directors as defendants. The complaint sought unspecified damages and other relief and alleged breach of fiduciary duty, breach of contract and other causes of action arising out of shares of common stock issued by the Company to its senior executives pursuant to restricted stock unit awards granted in December 2008 and modified in July 2011. On October 30, 2014, the Circuit Court granted the defendants’ Motions to Dismiss and plaintiffs’ claims against all of the defendants in this action were dismissed. Plaintiffs filed a notice of appeal of their dismissal of their claims against the Company and all other defendants. Oral argument took place before the Court of Special Appeals of Maryland on December 9, 2015. On January 28, 2016, the Court of Special Appeals affirmed the order of the Circuit Court, holding that the Circuit Court properly dismissed plaintiffs' claims against all defendants, including the Company. On January 22, 2015, the United States District Court for the District of Maryland (the "Court") entered a judgment in favor of the Company in the matter of U.S. Home Corporation ("Lennar") v. Settlers Crossing, LLC, et al. (Civil Action No. DKC 08-1863). The litigation involved a dispute over the purchase and sale of approximately 1,250 acres of land in Prince George’s County, Maryland. The Court found that the Company was entitled to specific performance and awarded damages to it in the aggregate amount of: (i) the remaining purchase price to be paid by Lennar of $114.0 million ; plus (ii) interest on the unpaid amount at a rate of 12% per annum, calculated on a per diem basis, from May 27, 2008, until Lennar proceeds to settlement on the land; plus (iii) real estate taxes paid by the Company; plus (iv) actual and reasonable attorneys' fees and costs incurred by the Company in connection with the litigation. The Court ordered Lennar to proceed to settlement on the land and to pay the total amounts awarded to the Company within 30 days of the judgment. A third party is entitled to a participation interest in all proceeds. Lennar has appealed the Court's judgment. The Court has granted Lennar's motion to stay the judgment pending appeal, subject to Lennar posting a required appeal bond, which has been posted. The Court also clarified the judgment that the unpaid amount will accrue simple interest at a rate of 12% annually, including while the appeal is pending. A court-ordered mediation took place on August 13, 2015, but it was unsuccessful. In the pending appeal before the United States Court of Appeals for the Fourth Circuit, the parties have filed their respective briefs. Oral argument has not yet been scheduled. There can be no assurance as to the timing or actual receipt by the Company of amounts awarded by the Court or the outcome of any appeal. On a quarterly basis, the Company evaluates developments in legal proceedings that could require a liability to be accrued and/or disclosed. Based on its current knowledge, and after consultation with legal counsel, the Company believes it is not a party to, nor are any of its properties the subject of, any pending legal proceeding that would have a material adverse effect on the Company's consolidated financial statements.

Risk Management and Derivatives

Risk Management and Derivatives	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Risk Management and Derivatives	Risk Management and Derivatives Risk management In the normal course of its on-going business operations, the Company encounters economic risk. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk to the degree that its interest-bearing liabilities mature or reprice at different points in time and potentially at different bases, than its interest-earning assets. Credit risk is the risk of default on the Company's lending investments or leases that result from a borrower's or tenant's inability or unwillingness to make contractually required payments. Market risk reflects changes in the value of loans and other lending investments due to changes in interest rates or other market factors, including the rate of prepayments of principal and the value of the collateral underlying loans, the valuation of real estate assets by the Company as well as changes in foreign currency exchange rates. Risk concentrations —Concentrations of credit risks arise when a number of borrowers or tenants related to the Company's investments are engaged in similar business activities, or activities in the same geographic region, or have similar economic features that would cause their ability to meet contractual obligations, including those to the Company, to be similarly affected by changes in economic conditions. Substantially all of the Company's real estate as well as assets collateralizing its loans receivable are located in the United States. As of December 31, 2015 , the only states with a concentration greater than 10.0% were New York with 19.9% and California with 13.6% . As of December 31, 2015 , the Company's portfolio contains concentrations in the following asset types: office/industrial 22.5% , l and 22.7% , mixed use/mixed collateral 15.8% and hotel 10.6% . The Company underwrites the credit of prospective borrowers and tenants and often requires them to provide some form of credit support such as corporate guarantees, letters of credit and/or cash security deposits. Although the Company's loans and real estate assets are geographically diverse and the borrowers and tenants operate in a variety of industries, to the extent the Company has a significant concentration of interest or operating lease revenues from any single borrower or tenant, the inability of that borrower or tenant to make its payment could have a material adverse effect on the Company. As of December 31, 2015 , the Company's five largest borrowers or tenants collectively accounted for approximately $118 million of the Company's 2015 revenues, of which no single customer accounts for more than 6% . Derivatives The Company's use of derivative financial instruments is primarily limited to the utilization of interest rate swaps, interest rate caps and foreign exchange contracts. The principal objective of such financial instruments is to minimize the risks and/or costs associated with the Company's operating and financial structure and to manage its exposure to interest rates and foreign exchange rates. Derivatives not designated as hedges are not speculative and are used to manage the Company's exposure to interest rate movements, foreign exchange rate movements, and other identified risks, but may not meet the strict hedge accounting requirements. The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2015 and 2014 ($ in thousands): Derivative Assets as of December 31, Derivative Liabilities as of December 31, 2015 2014 2015 2014 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives Designated in Hedging Relationships Foreign exchange contracts Other Assets $ 39 N/A $ — N/A $ — Other Liabilities $ 478 Interest rate swaps N/A — Other Assets 52 Other Liabilities 131 N/A — Total $ 39 $ 52 $ 131 $ 478 Derivatives not Designated in Hedging Relationships Foreign exchange contracts Other Assets $ 378 Other Assets $ 1,534 N/A $ — N/A $ — Interest rate cap Other Assets 1,105 Other Assets 4,775 N/A — N/A — Total $ 1,483 $ 6,309 $ — $ — The tables below present the effect of the Company's derivative financial instruments in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) for the years ended December 31, 2015 , 2014 and 2013 ($ in thousands): Derivatives Designated in Hedging Relationships Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Ineffective Portion) For the Year Ended December 31, 2015 Interest rate cap Interest Expense $ — $ (626 ) N/A Interest rate cap Earnings from equity investments (13 ) (1 ) N/A Interest rate swaps Interest Expense (537 ) 170 N/A Interest rate swaps Earnings from equity investments (528 ) (464 ) N/A Foreign exchange contracts Earnings from equity investments (124 ) — N/A For the Year Ended December 31, 2014 Interest rate cap Interest Expense — (56 ) N/A Interest rate cap Other Expense (2,984 ) — (3,634 ) Interest rate cap Earnings from equity method investments (9 ) — N/A Interest rate swaps Interest Expense (970 ) (6 ) N/A Interest rate swap Earnings from equity method investments (753 ) (420 ) N/A Foreign exchange contracts Earnings from equity method investments (471 ) — N/A For the Year Ended December 31, 2013 Interest rate cap Interest Expense (1,517 ) — N/A Interest rate swap Interest Expense 869 (310 ) N/A Foreign exchange contracts Earnings from equity method investments 393 — N/A Amount of Gain or (Loss) Recognized in Income Location of Gain or (Loss) Recognized in Income For the Years Ended December 31, Derivatives not Designated in Hedging Relationships 2015 2014 2013 Interest rate cap Other Expense $ (3,671 ) $ (1,347 ) $ — Foreign exchange contracts Other Expense 2,403 7,257 880 Foreign Exchange Contracts —The Company is exposed to fluctuations in foreign exchange rates on investments it holds in foreign entities. The Company uses foreign exchange contracts to hedge its exposure to changes in foreign exchange rates on its foreign investments. Foreign exchange contracts involve fixing the U.S. dollar ("USD") to the respective foreign currency exchange rate for delivery of a specified amount of foreign currency on a specified date. The foreign exchange contracts are typically cash settled in USD for their fair value at or close to their settlement date. For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in Accumulated Other Comprehensive Income as part of the cumulative translation adjustment. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of Accumulated Other Comprehensive Income into earnings when the hedged foreign entity is either sold or substantially liquidated. As of December 31, 2015 , the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were designated (Rs and $ in thousands): Derivative Type Notional Amount Notional (USD Equivalent) Maturity Sells INR/Buys USD Forward ₨ 456,000 $ 6,553 December 2016 For derivatives not designated as net investment hedges, the changes in the fair value of the derivatives are reported in the Company's consolidated statements of operations within "Other Expense." As of December 31, 2015 , the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were not designated ($, €, and £ in thousands): Derivative Type Notional Amount Notional (USD Equivalent) Maturity Sells euro ("EUR")/Buys USD Forward € 5,700 $ 6,439 January 2016 Sells pound sterling ("GBP")/Buys USD Forward £ 3,000 $ 4,557 January 2016 The Company marks its foreign investments each quarter based on current exchange rates and records the gain or loss through "Other expense" in its consolidated statements of operations for loan investments or "Accumulated other comprehensive income (loss)," on its consolidated balance sheets for net investments in foreign subsidiaries. The Company recorded net gains (losses) related to foreign investments of $(0.1) million , $0.1 million and $(2.0) million during the years ended December 31, 2015 , 2014 and 2013 , respectively, in its consolidated statements of operations. Interest Rate Hedges —For derivatives designated as interest rate hedges, the effective portion of changes in the fair value of the derivatives are reported in Accumulated Other Comprehensive Income (Loss). The ineffective portion of the change in fair value of the derivatives is recognized directly in the Company's consolidated statements of operations. The Company entered into an interest rate swap to convert its variable rate debt to fixed rate on a $28.0 million secured term loan maturing in 2019. As of December 31, 2015 , the Company had the following outstanding interest rate swap that was used to hedge its variable rate debt that was designated ($ in thousands): Derivative Type Notional Amount Variable Rate Fixed Rate Effective Date Maturity Interest rate swap $ 26,935 LIBOR + 2.00% 3.47% October 2012 November 2019 For derivatives not designated as interest rate hedges, the changes in the fair value of the derivatives are reported in the Company's consolidated statements of operations within "Other Expense." In August 2013, the Company entered into an interest rate cap agreement to reduce exposure to expected increases in future interest rates and the resulting payments associated with variable interest rate debt. In June 2014, in connection with the full repayment and termination of the Company's February 2013 Secured Credit Facility referenced in Note 10 , the Company realized amounts in earnings from other comprehensive income (loss) as a portion of a hedge related to the Company's variable rate debt was no longer expected to be highly effective. The amount realized was a loss of $3.6 million recorded as a component of "Other expense" in the Company's consolidated statements of operations. As of December 31, 2015 , the Company had the following outstanding interest rate cap that was used to hedge its variable rate debt that was not designated ($ in thousands): Derivative Type Notional Amount Variable Rate Fixed Rate Effective Date Maturity Interest rate cap $ 500,000 LIBOR 1.00% July 2014 July 2017 Over the next 12 months , the Company expects that $0.1 million related to terminated cash flow hedges will be reclassified from "Accumulated other comprehensive income (loss)" into interest expense and $0.5 million relating to other cash flow hedges will be reclassified from "Accumulated other comprehensive income (loss)" into earnings. Credit Risk-Related Contingent Features —The Company has agreements with each of its derivative counterparties that contain a provision where if the Company either defaults or is capable of being declared in default on any of its indebtedness, then the Company could also be declared in default on its derivative obligations. The Company reports derivative instruments on a gross basis in the consolidated financial statements. In connection with its foreign currency derivatives, which were in a liability position as of December 31, 2015 and 2014 , the Company has posted collateral of $1.0 million and $3.0 million , respectively, which is included in "Deferred expenses and other assets, net" on the Company's consolidated balance sheets. The Company's net exposure under these contracts was zero as of December 31, 2015 .

Equity

Equity	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Equity	Equity Preferred Stock —The Company had the following series of Cumulative Redeemable and Convertible Perpetual Preferred Stock outstanding as of December 31, 2015 and 2014 : Cumulative Preferential Cash Dividends (1)(2) Series Shares Issued and Outstanding (in thousands) Par Value Liquidation Preference Rate per Annum Equivalent to Fixed Annual Rate (per share) D 4,000 $ 0.001 $ 25.00 8.00 % $ 2.00 E 5,600 0.001 25.00 7.875 % 1.97 F 4,000 0.001 25.00 7.80 % 1.95 G 3,200 0.001 25.00 7.65 % 1.91 I 5,000 0.001 25.00 7.50 % 1.88 J (3) 4,000 0.001 50.00 4.50 % 2.25 25,800 _______________________________________________________________________________ (1) Holders of shares of the Series D, E, F, G, I and J preferred stock are entitled to receive dividends, when and as declared by the Company's Board of Directors, out of funds legally available for the payment of dividends. Dividends are cumulative from the date of original issue and are payable quarterly in arrears on or before the 15th day of each March, June, September and December or, if not a business day, the next succeeding business day. Any dividend payable on the preferred stock for any partial dividend period will be computed on the basis of a 360 -day year consisting of twelve 30 -day months. Dividends will be payable to holders of record as of the close of business on the first day of the calendar month in which the applicable dividend payment date falls or on another date designated by the Company's Board of Directors for the payment of dividends that is not more than 30 nor less than 10 days prior to the dividend payment date. (2) The Company declared and paid dividends of $8.0 million , $11.0 million , $7.8 million , $6.1 million and $9.4 million on its Series D, E, F, G and I Cumulative Redeemable Preferred Stock during the years ended December 31, 2015 and 2014 . The Company declared and paid dividends of $9.0 million on its Series J Convertible Perpetual Preferred Stock during the years ended December 31, 2015 and 2014 , respectively. All of the dividends qualified as return of capital for tax reporting purposes. There are no dividend arrearages on any of the preferred shares currently outstanding. (3) Each share of the Series J Preferred Stock is convertible at the holder's option at any time, initially into 3.9087 shares of the Company's common stock (equal to an initial conversion price of approximately $12.79 per share), subject to specified adjustments. The Company may not redeem the Series J Preferred Stock prior to March 15, 2018. On or after March 15, 2018, the Company may, at its option, redeem the Series J Preferred Stock, in whole or in part, at any time and from time to time, for cash at a redemption price equal to 100% of the liquidation preference of $50.00 per share, plus accrued and unpaid dividends, if any, to the redemption date. High Performance Unit Program In May 2002, the Company's shareholders approved the iStar HPU Program. The program entitled employee participants ("HPU Holders") to receive distributions if the total rate of return on the Company's common stock (share price appreciation plus dividends) exceeded certain performance thresholds over a specified valuation period. The Company established seven HPU plans that had valuation periods ending between 2002 and 2008 and the Company has not established any new HPU plans since 2005. HPU Holders purchased interests in the High Performance common stock for an aggregate initial purchase price of $9.8 million . The remaining four plans that had valuation periods which ended in 2005, 2006, 2007 and 2008, did not meet their required performance thresholds, none of the plans were funded and the Company redeemed the participants' units. The 2002, 2003 and 2004 plans all exceeded their performance thresholds and were entitled to receive distributions equivalent to the amount of dividends payable on 819,254 shares, 987,149 shares and 1,031,875 shares, respectively, of the Company's common stock as and when such dividends are paid on the Company's common stock. Each of these three plans has 5,000 shares of High Performance common stock associated with it, which was recorded as a separate class of stock within shareholders' equity on the Company's consolidated balance sheets. High Performance common stock carries 0.25 votes per share. Net income allocable to common shareholders is reduced by the HPU holders' share of earnings. In August 2015, the Company repurchased and retired all of its outstanding 14,888 HPUs, representing approximately 2.8 million common stock equivalents. The Company repurchased these HPUs at fair value from current and former employees through an arms-length exchange offer. HPU holders could elect to receive $9.30 in cash or 0.7 shares of iStar common stock, or a combination thereof, per common stock equivalent underlying the HPUs. Approximately 37% of the outstanding HPUs were exchanged for $9.8 million in cash and approximately 63% of the outstanding HPUs were exchanged for 1.2 million shares of iStar common stock with a fair value of $15.2 million , representing the number of shares issued at the closing price of the Company's common stock on August 13, 2015. The transaction value in excess of the HPUs carrying value of $9.8 million was recorded as a reduction to retained earnings (deficit) in the Company's consolidated statements of changes in equity. Dividends —In order to maintain its qualification as a REIT, the Company must currently distribute, at a minimum, an amount equal to 90% of its taxable income, excluding net capital gains, and must distribute 100% of its taxable income (including net capital gains) to avoid paying corporate federal income taxes. The Company has recorded NOLs and may record NOLs in the future, which may reduce its taxable income in future periods and lower or eliminate entirely the Company's obligation to pay dividends for such periods in order to maintain its REIT qualification. As of December 31, 2014 , the Company had $856.4 million of NOL carryforwards at the corporate REIT level that can generally be used to offset both ordinary and capital taxable income in future years and will expire through 2034 if unused. The amount of NOL carryforwards as of December 31, 2015 will be determined upon finalization of the Company's 2015 tax return. Because taxable income differs from cash flow from operations due to non-cash revenues and expenses (such as depreciation and certain asset impairments), in certain circumstances, the Company may generate operating cash flow in excess of its dividends or, alternatively, may need to make dividend payments in excess of operating cash flows. The 2012 Tranche A-2 Facility and the 2015 Revolving Credit Facility permit the Company to distribute 100% of its REIT taxable income on an annual basis (prior to deducting certain cumulative NOL carryforwards in the case of the 2015 Revolving Credit Facility), for so long as the Company maintains its qualification as a REIT. The 2012 Tranche A-2 Facility and the 2015 Revolving Credit Facility restrict the Company from paying any common dividends if it ceases to qualify as a REIT. The Company did not declare or pay any common stock dividends for the years ended December 31, 2015 and 2014 . Stock Repurchase Program —In September 2015, the Company's Board of Directors approved an increase in the repurchase limit under the Company's previously approved stock repurchase program to $50.0 million . In December 2015, after having substantially utilized the availability approved in September 2015, the Company's Board of Directors authorized a new $50.0 million repurchase program. The program authorizes the repurchase of common stock from time to time in open market and privately negotiated purchases, including pursuant to one or more trading plans. There were no stock repurchases during the year ended December 31, 2014 . During the year ended December 31, 2015 , the Company repurchased 5.7 million shares of its outstanding common stock for $70.3 million , at an average cost of $12.25 per share. As of December 31, 2015 , the Company had remaining authorization to repurchase up to $48.7 million of common stock available to repurchase under its stock repurchase program. Subsequent to December 31, 2015, the Company repurchased 5.2 million shares of its outstanding common stock for $52.0 million , at an average cost of $10.10 per share. In February 2016, the Company's Board of Directors authorized a new $50.0 million repurchase program. Accumulated Other Comprehensive Income (Loss) —"Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands): As of December 31, 2015 2014 Unrealized gains (losses) on available-for-sale securities $ (125 ) $ 2,983 Unrealized gains (losses) on cash flow hedges (690 ) (409 ) Unrealized losses on cumulative translation adjustment (4,036 ) (3,545 ) Accumulated other comprehensive income (loss) $ (4,851 ) $ (971 )

Stock-Based Compensation Plans

Stock-Based Compensation Plans and Employee Benefits	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation Plans and Employee Benefits	Stock-Based Compensation Plans and Employee Benefits On May 22, 2014, the Company's shareholders approved the 2013 Performance Incentive Plan ("iPIP") which is designed to provide, primarily to senior executives and select professionals engaged in the Company's investment activities, long-term compensation which has a direct relationship to the realized returns on investments included in the plan. In May 2014, the Company granted 73 iPIP points for the initial 2013-2014 investment pool and in February 2015, the Company granted an additional 10 points for the 2013-2014 investment pool and 34 iPIP points for the 2015-2016 investment pool. All decisions regarding the granting of points under iPIP are made at the discretion of the Company's Board of Directors or a committee of the Board of Directors. The fair value of points is determined using a model that forecasts the Company's projected investment performance. The payout of iPIP is based on the amount of invested capital, investment performance and the Company's total shareholder return ("TSR") as compared to the average TSR of the NAREIT All REIT Index and the Russell 2000 Index during the relevant performance period for the investments in each pool. The Company, as well as any companies not included in each index at the beginning and end of the performance period, are excluded from calculation of the performance of such index. Point holders will not receive a distribution until the Company has received a full return of its capital plus a preferred return distribution, which is based on a preferred return hurdle rate of 9% per annum. Subject to certain vesting and employment requirements, point holders will be paid a combination of cash and stock. iPIP is a liability-classified award which will be remeasured each reporting period at fair value until the awards are settled. Compensation costs relating to iPIP are included in "General and administrative" in the Company's consolidated statements of operations. As of December 31, 2015 and 2014, the Company had accrued compensation costs relating to iPIP of $16.6 million and $7.8 million , respectively, which are included in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. The Company's shareholders approved the Company's 2009 Long-Term Incentive Plan (the "2009 LTIP") which is designed to provide incentive compensation for officers, key employees, directors and advisors of the Company. The 2009 LTIP provides for awards of stock options, shares of restricted stock, phantom shares, restricted stock units, dividend equivalent rights and other share-based performance awards. A maximum of 8,000,000 shares of common stock may be awarded under the 2009 LTIP. All awards under the 2009 LTIP are made at the discretion of the Company's Board of Directors or a committee of the Board of Directors. The Company's 2006 Long-Term Incentive Plan (the "2006 LTIP") is designed to provide equity-based incentive compensation for officers, key employees, directors, consultants and advisors of the Company. The 2006 LTIP provides for awards of stock options, shares of restricted stock, phantom shares, dividend equivalent rights and other share-based performance awards. A maximum of 4,550,000 shares of common stock may be subject to awards under the 2006 LTIP provided that the number of shares of common stock reserved for grants of options designated as incentive stock options is 1.0 million , subject to certain anti-dilution provisions in the 2006 LTIP. All awards under this Plan are at the discretion of the Company's Board of Directors or a committee of the Board of Directors. As of December 31, 2015 , an aggregate of 3.7 million shares remain available for issuance pursuant to future awards under the Company's 2006 and 2009 Long-Term Incentive Plans. The Company's 2007 Incentive Compensation Plan ("Incentive Plan") was approved and adopted by the Company's Board of Directors in 2007 in order to establish performance goals for selected officers and other key employees and to determine bonuses that will be awarded to those officers and other key employees based on the extent to which they achieve those performance goals. Equity-based awards may be made under the Incentive Plan, subject to the terms of the Company's equity incentive plans. Stock-Based Compensation —The Company recorded stock-based compensation expense of $12.0 million , $13.3 million and $19.3 million for the years ended December 31, 2015 , 2014 and 2013 in "General and administrative" in the Company's consolidated statements of operations. As of December 31, 2015 , there was $1.9 million of total unrecognized compensation cost related to all unvested restricted stock units that are expected to be recognized over a weighted average remaining vesting/service period of 0.86 years. Restricted Share Issuances During the year ended December 31, 2015 , the Company granted 318,482 shares of common stock to certain employees as part of annual incentive awards that included a mix of cash and shares. The weighted average grant date fair value per share of these share awards was $13.04 and the total fair value was $4.2 million . The shares are fully-vested and 189,241 shares were issued net of statutory minimum required tax withholdings. The employees are restricted from selling these shares for up to two years from the date of grant. Restricted Stock Units Changes in non-vested restricted stock units ("Units") during the year ended December 31, 2015 were as follows (number of shares and $ in thousands, except per share amounts): Number of Shares Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value Non-vested as of December 31, 2014 320 $ 12.57 $ 4,367 Granted 119 $ 13.65 Vested (7 ) $ 8.53 Forfeited (6 ) $ 14.66 Non-vested as of December 31, 2015 426 $ 12.90 $ 4,991 The total fair value of Units vested during the years ended December 31, 2015 , 2014 and 2013 was $0.1 million , $39.2 million and $31.6 million , respectively. 2015 Restricted Stock Unit Activity —During the year ended December 31, 2015 , the Company granted new stock-based compensation awards to certain employees in the form of long-term incentive awards, comprised of the following: • 49,650 target amount of performance-based Units were granted on January 30, 2015, representing the right to receive an equivalent number of shares of the Company's common stock (after deducting shares for minimum required statutory withholdings) if and when the Units vest. The performance is based on the Company's TSR, measured over a performance period ending on December 31, 2017, which is the date the awards cliff vest. Vesting will range from 0% to 200% of the target amount of the awards, depending on the Company’s TSR performance relative to the NAREIT All REITs Index (one-half of the target amount of the award) and the Russell 2000 Index (one-half of the target amount of the award) during the performance period. The Company, as well as any companies not included in each index at the beginning and end of the performance period, are excluded from calculation of the performance of such index. To the extent Units vest based on the Company's TSR performance, holders will receive an equivalent number of shares of common stock (after deducting shares for minimum required statutory withholdings), if the employee remains employed by the Company on the vesting date, subject to certain accelerated vesting rights. Dividends will accrue as and when dividends are declared by the Company on shares of its common stock, but will not be paid unless and until the Units vest and are settled. The fair values of the performance-based Units were determined by utilizing a Monte Carlo model to simulate a range of possible future stock prices for the Company's common stock. The assumptions used to estimate the fair value of these performance-based awards were 0.75% for risk-free interest rate and 28.14% for expected stock price volatility. As of December 31, 2015 , 48,519 of such performance-based Units were outstanding. • 64,196 service-based Units were granted on January 30, 2015, representing the right to receive an equivalent number of shares of the Company's common stock (after deducting shares for minimum required statutory withholdings) if and when the Units vest. The Units will cliff vest in one installment on December 31, 2017, if the employee remains employed by the Company on the vesting date, subject to certain accelerated vesting rights. Dividends will accrue as and when dividends are declared by the Company on shares of its common stock, but will not be paid unless and until the Units vest and are settled. As of December 31, 2015 , 61,557 of such service-based Units were outstanding. • 4,751 service-based Units were granted on various dates to certain employees, representing the right to receive an equivalent number of shares of the Company's common stock (after deducting shares for minimum required statutory withholdings) if and when the Units vest. The Units will cliff vest in one installment on the third anniversary of the grant date of the award, if the employee remains employed by the Company on the vesting date, subject to certain accelerated vesting rights. Dividends will accrue as and when dividends are declared by the Company on shares of its common stock, but will not be paid unless and until the Units vest and are settled. As of December 31, 2015 , 4,751 of such service-based Units were outstanding. As of December 31, 2015 , the Company had the following additional stock-based compensation awards outstanding: • 49,434 target amount of performance-based Units, granted on January 10, 2014, representing the right to receive an equivalent number of shares of the Company's common stock (after deducting shares for minimum required statutory withholdings) if and when the Units vest based on the Company’s TSR measured over a performance period ending on December 31, 2016, which is the date the awards cliff vest. The other terms of these performance-based Units are identical to the terms described above for the performance-based Units granted in 2015. The fair values of the performance-based Units were determined by utilizing a Monte Carlo model to simulate a range of possible future stock prices for the Company's common stock. The assumptions used to estimate the fair value of these performance-based awards were 0.76% for risk-free interest rate and 44.84% for expected stock price volatility. • 62,662 service-based Units, granted on January 10, 2014, representing the right to receive an equivalent number of shares of the Company's common stock (after deducting shares for minimum required statutory withholdings) if and when the Units vest. The Units will cliff vest in one installment on December 31, 2016, if the employee remains employed by the Company on the vesting date, subject to certain accelerated vesting rights. Dividends will accrue as and when dividends are declared by the Company on shares of its common stock, but will not be paid unless and until the Units vest and are settled. • 194,526 service-based Units, granted on February 1, 2013, representing the right to receive an equivalent number of shares of the Company's common stock (after deducting shares for minimum required statutory withholdings) if and when the Units vest. The Units will cliff vest in one installment on February 1, 2016, three years from the grant date, if the employee remains employed by the Company on the vesting date, subject to certain accelerated vesting rights. Dividends will accrue as and when dividends are declared by the Company on shares of its common stock, but will not be paid unless and until the Units vest and are settled. • 4,000 service-based Units granted on May 14, 2013, representing the right to receive an equivalent number of shares of the Company's common stock (after deducting shares for minimum required statutory withholdings) if and when the Units vest. The Units will cliff vest in one installment on May 14, 2016, three years from the grant date, if the employee remains employed by the Company on the vesting date, subject to certain accelerated vesting rights. Dividends will accrue as and when dividends are declared by the Company on shares of its common stock, but will not be paid unless and until the Units vest and are settled. Directors' Awards —Non-employee directors are awarded common stock equivalents ("CSEs") or restricted stock awards ("RSAs") at the time of the annual shareholders' meeting in consideration for their services on the Company's Board of Directors. During the year ended December 31, 2015 , the Company awarded to non-employee Directors a combined 50,360 CSEs and RSAs at a fair value per share of $14.40 at the time of grant. These CSEs and RSAs have a one year vesting period and pay dividends, if any, in an amount equal to the dividends paid on the equivalent number of shares of the Company's common stock from the date of grant, as and when dividends are paid on common stock. In addition, during the year ended December 31, 2015 , the Company issued an additional 7,494 RSAs to a non-employee Director, who joined the Company's Board of Directors in July 2015, pursuant to the Company's Non-Employee Directors Deferral Plan, at a fair value per share of $13.09 at the time of grant. As of December 31, 2015 , a total of 296,755 CSEs and RSAs of the Company' common stock granted to members of the Company's Board of Directors remained outstanding under such Plan, with an aggregate intrinsic value of $3.5 million . 401(k) Plan —The Company has a savings and retirement plan (the "401(k) Plan"), which is a voluntary, defined contribution plan. All employees are eligible to participate in the 401(k) Plan following completion of three months of continuous service with the Company. Each participant may contribute on a pretax basis up to the maximum percentage of compensation and dollar amount permissible under Section 402(g) of the Internal Revenue Code not to exceed the limits of Code Sections 401(k), 404 and 415. At the discretion of the Company's Board of Directors, the Company may make matching contributions on the participant's behalf of up to 50% of the first 10% of the participant's annual compensation. The Company made gross contributions of $1.0 million for the year ended December 31, 2015 and $0.9 million each year for the years ended December 31, 2014 and 2013 .

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Earnings per share ("EPS") is calculated using the two-class method, which allocates earnings among common stock and participating securities to calculate EPS when an entity's capital structure includes either two or more classes of common stock or common stock and participating securities. HPU holders were current and former Company employees who purchased high performance common stock units under the Company's High Performance Unit Program. These HPU units were treated as a separate class of common stock. All of the Company's outstanding HPUs were repurchased and retired on August 13, 2015 (refer to Note 13). The following table presents a reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations ($ in thousands, except for per share data): For the Years Ended December 31, 2015 2014 2013 Income (loss) from continuing operations $ (99,973 ) $ (74,178 ) $ (220,768 ) Income from sales of real estate 93,816 89,943 86,658 Net (income) loss attributable to noncontrolling interests 3,722 704 (718 ) Preferred dividends (51,320 ) (51,320 ) (49,020 ) Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders, HPU holders and Participating Security Holders for basic earnings per common share $ (53,755 ) $ (34,851 ) $ (183,848 ) For the Years Ended December 31, 2015 2014 2013 Earnings allocable to common shares: Numerator for basic and diluted earnings per share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ (52,675 ) $ (33,722 ) $ (177,907 ) Income (loss) from discontinued operations — — 623 Gain from discontinued operations — — 21,515 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ (52,675 ) $ (33,722 ) $ (155,769 ) Denominator for basic and diluted earnings per share: Weighted average common shares outstanding for basic and diluted earnings per common share 84,987 85,031 84,990 Basic and diluted earnings per common share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ (0.62 ) $ (0.40 ) $ (2.09 ) Income (loss) from discontinued operations — — 0.01 Gain from discontinued operations — — 0.25 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ (0.62 ) $ (0.40 ) $ (1.83 ) For the Years Ended December 31, 2015 2014 2013 Earnings allocable to HPUs (1) : Numerator for basic and diluted earnings per HPU share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders $ (1,080 ) $ (1,129 ) $ (5,941 ) Income (loss) from discontinued operations — — 21 Gain from discontinued operations — — 718 Net income (loss) attributable to iStar Inc. and allocable to HPU holders $ (1,080 ) $ (1,129 ) $ (5,202 ) Denominator for basic and diluted earnings per HPU share: Weighted average HPUs outstanding for basic and diluted earnings per share 9 15 15 Basic and diluted earnings per HPU share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders $ (120.00 ) $ (75.27 ) $ (396.07 ) Income (loss) from discontinued operations — — 1.40 Gain from discontinued operations — — 47.87 Net income (loss) attributable to iStar Inc. and allocable to HPU holders $ (120.00 ) $ (75.27 ) $ (346.80 ) _______________________________________________________________________________ (1) All of the Company's outstanding HPUs were repurchased and retired on August 13, 2015 (refer to Note 13). For the years ended December 31, 2015 , 2014 and 2013 , the following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands): For the Years Ended December 31, 2015 (1) 2014 (1) 2013 (1) Joint venture shares 298 298 298 3.00% convertible senior unsecured notes 16,992 16,992 16,992 Series J convertible perpetual preferred stock 15,635 15,635 15,635 1.50% convertible senior unsecured notes 11,567 11,567 11,567 _______________________________________________________________________________ (1) For the years ended December 31, 2015 , 2014 and 2013 , the effect of the Company's unvested Units, performance-based Units and CSEs were anti-dilutive.

Fair Values

Fair Values	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Values	Fair Values Fair value represents the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The following fair value hierarchy prioritizes the inputs to be used in valuation techniques to measure fair value: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). Certain of the Company's assets and liabilities are recorded at fair value either on a recurring or non-recurring basis. Assets required to be marked-to-market and reported at fair value every reporting period are classified as being valued on a recurring basis. Assets not required to be recorded at fair value every period may be recorded at fair value if a specific provision or other impairment is recorded within the period to mark the carrying value of the asset to market as of the reporting date. Such assets are classified as being valued on a non-recurring basis. The following fair value hierarchy table summarizes the Company's assets and liabilities recorded at fair value on a recurring and non-recurring basis by the above categories ($ in thousands): Fair Value Using Total Quoted market prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) As of December 31, 2015 Recurring basis: Derivative assets (1) $ 1,522 $ — $ 1,522 $ — Derivative liabilities (1) 131 — 131 — Available-for-sale securities (1) 1,161 — — 1,161 Non-recurring basis: Impaired loans (2) 3,200 — — 3,200 As of December 31, 2014 Recurring basis: Derivative assets (1) $ 6,361 $ — $ 6,361 $ — Derivative liabilities (1) 478 — 478 — Available-for-sale securities (1) 7,906 7,906 — — Non-recurring basis: Impaired loans (3) 37,169 — — 37,169 Impaired real estate (4) 7,102 — — 7,102 _______________________________________________________________________________ (1) The fair value of the Company's derivatives and available-for-sale securities are based upon third-party broker quotes. (2) The Company recorded a provision for loan losses on one loan with a fair value of $3.2 million based on a discounted cash flow analysis. (3) The Company recorded a recovery of loan losses on one loan with a fair value of $8.5 million based on the loan's remaining term of 1.5 years and interest rate of 4.7% using discounted cash flow analysis. The Company also recorded a provision for loan losses on one loan with a fair value of $5.2 million based on an appraisal. In addition, the Company recorded a provision for loan losses on one loan, collateralized by a land asset, with a fair value of $23.5 million based upon a foreclosure sale agreement. The land asset was acquired by an unconsolidated entity in which the Company is a partner. (4) The Company recorded impairment on one real estate asset with a fair value of $7.1 million based on a discount rate of 15.0% using discounted cash flows over a 10 year lease term. Fair values of financial instruments— The Company's estimated fair values of its loans receivable and other lending investments and outstanding debt was $1.6 billion and $4.3 billion , respectively, as of December 31, 2015 and $1.4 billion and $4.1 billion , respectively, as of December 31, 2014 . The Company determined that the significant inputs used to value its loans receivable and other lending investments and debt obligations fall within Level 3 of the fair value hierarchy. The carrying value of other financial instruments including cash and cash equivalents, restricted cash, accrued interest receivable and accounts payable, approximate the fair values of the instruments. Cash and cash equivalents and restricted cash values are considered Level 1 on the fair value hierarchy. The fair value of other financial instruments, including derivative assets and liabilities, are included in the fair value hierarchy table above. Given the nature of certain assets and liabilities, clearly determinable market based valuation inputs are often not available, therefore, these assets and liabilities are valued using internal valuation techniques. Subjectivity exists with respect to these internal valuation techniques, therefore, the fair values disclosed may not ultimately be realized by the Company if the assets were sold or the liabilities were settled with third parties. The methods the Company used to estimate the fair values presented in the table above are described more fully below for each type of asset and liability. Derivatives —The Company uses interest rate swaps, interest rate caps and foreign exchange contracts to manage its interest rate and foreign currency risk. The valuation of these instruments is determined using discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own non-performance risk and the respective counterparty's non-performance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of non-performance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. The Company has determined that the significant inputs used to value its derivatives fall within Level 2 of the fair value hierarchy. Impaired loans —The Company's loans identified as being impaired are nearly all collateral dependent loans and are evaluated for impairment by comparing the estimated fair value of the underlying collateral, less costs to sell, to the carrying value of each loan. Due to the nature of the individual properties collateralizing the Company's loans, the Company generally uses a discounted cash flow methodology through internally developed valuation models to estimate the fair value of the collateral. This approach requires the Company to make judgments in respect to significant unobservable inputs, which may include discount rates, capitalization rates and the timing and amounts of estimated future cash flows. For income producing properties, cash flows generally include property revenues, operating costs and capital expenditures that are based on current observable market rates and estimates for market rate growth and occupancy levels. For other real estate, cash flows may include lot and unit sales that are based on current observable market rates and estimates for annual revenue growth, operating costs, costs of completion and the inventory sell out pricing and timing. The Company will also consider market comparables if available. In more limited cases, the Company obtains external "as is" appraisals for loan collateral, generally when third party participations exist, and appraised values may be discounted when real estate markets rapidly deteriorate. The Company has determined that significant inputs used in its internal valuation models and appraisals fall within Level 3 of the fair value hierarchy. Impaired real estate —If the Company determines a real estate asset available and held for sale is impaired, it records an impairment charge to adjust the asset to its estimated fair market value less costs to sell. Due to the nature of individual real estate properties, the Company generally uses a discounted cash flow methodology through internally developed valuation models to estimate the fair value of the assets. This approach requires the Company to make judgments with respect to significant unobservable inputs, which may include discount rates, capitalization rates and the timing and amounts of estimated future cash flows. For income producing properties, cash flows generally include property revenues, operating costs and capital expenditures that are based on current observable market rates and estimates for market rate growth and occupancy levels. For other real estate, cash flows may include lot and unit sales that are based on current observable market rates and estimates for annual market rate growth, operating costs, costs of completion and the inventory sell out pricing and timing. The Company will also consider market comparables if available. In more limited cases, the Company obtains external "as is" appraisals for real estate assets and appraised values may be discounted when real estate markets rapidly deteriorate. The Company has determined that significant inputs used in its internal valuation models and appraisals fall within Level 3 of the fair value hierarchy. Additionally, in certain cases, if the Company is under contract to sell an asset, it will mark the asset to the contracted sales price less costs to sell. The Company considers this to be a Level 3 input under the fair value hierarchy. Loans receivable and other lending investments —The Company estimates the fair value of its performing loans and other lending investments using a discounted cash flow methodology. This method discounts estimated future cash flows using rates management determines best reflect current market interest rates that would be offered for loans with similar characteristics and credit quality. The Company determined that the significant inputs used to value its loans and other lending investments fall within Level 3 of the fair value hierarchy. For certain lending investments, the Company uses market quotes, to the extent they are available, that fall within Level 2 of the fair value hierarchy or broker quotes that fall within Level 3 of the fair value hierarchy. Debt obligations, net —For debt obligations traded in secondary markets, the Company uses market quotes, to the extent they are available, to determine fair value and are considered Level 2 on the fair value hierarchy. For debt obligations not traded in secondary markets, the Company determines fair value using a discounted cash flow methodology, whereby contractual cash flows are discounted at rates that management determines best reflect current market interest rates that would be charged for debt with similar characteristics and credit quality. The Company has determined that the inputs used to value its debt obligations under the discounted cash flow methodology fall within Level 3 of the fair value hierarchy.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company has determined that it has four reportable segments based on how management reviews and manages its business. These reportable segments include: Real Estate Finance, Net Lease, Operating Properties and Land and Development. The Real Estate Finance segment includes all of the Company's activities related to senior and mezzanine real estate loans and real estate related securities. The Net Lease segment includes all of the Company's activities related to the ownership and leasing of corporate facilities. The Operating Properties segment includes all of the Company's activities and operations related to its commercial and residential properties. The Land and Development segment includes the Company's activities related to its developable land portfolio. The Company evaluates performance based on the following financial measures for each segment. The Company's segment information is as follows ($ in thousands): Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2015 Operating lease income $ — $ 151,481 $ 77,454 $ 785 $ — $ 229,720 Interest income 134,687 — — — — 134,687 Other income 9,737 357 34,637 1,219 3,981 49,931 Land development revenue — — — 100,216 — 100,216 Earnings (loss) from equity method investments — 5,221 1,663 16,683 8,586 32,153 Income from sales of real estate — 40,082 53,734 — — 93,816 Total revenue and other earnings 144,424 197,141 167,488 118,903 12,567 640,523 Real estate expense — (21,855 ) (95,888 ) (29,007 ) — (146,750 ) Land development cost of sales — — — (67,382 ) — (67,382 ) Other expense (2,291 ) — — — (4,083 ) (6,374 ) Allocated interest expense (57,109 ) (66,504 ) (28,014 ) (32,087 ) (40,925 ) (224,639 ) Allocated general and administrative (2) (13,128 ) (15,569 ) (6,988 ) (11,488 ) (22,091 ) (69,264 ) Segment profit (loss) (3) $ 71,896 $ 93,213 $ 36,598 $ (21,061 ) $ (54,532 ) $ 126,114 Other significant non-cash items: Provision for loan losses $ 36,567 $ — $ — $ — $ — $ 36,567 Impairment of assets — — 5,935 4,589 — 10,524 Depreciation and amortization — 38,138 24,548 1,422 1,139 65,247 Capitalized expenditures — 4,195 84,103 94,971 — 183,269 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2014: Operating lease income $ — $ 151,934 $ 90,331 $ 835 $ — $ 243,100 Interest income 122,704 — — — — 122,704 Other income 21,217 4,437 42,000 3,327 10,052 81,033 Land development revenue — — — 15,191 — 15,191 Earnings (loss) from equity method investments — 3,260 1,669 14,966 75,010 94,905 Income from sales of real estate — 6,206 83,737 — — 89,943 Total revenue and other earnings 143,921 165,837 217,737 34,319 85,062 646,876 Real estate expense — (22,967 ) (113,504 ) (26,918 ) — (163,389 ) Land development cost of sales — — — (12,840 ) — (12,840 ) Other expense (243 ) — — — (6,097 ) (6,340 ) Allocated interest expense (58,043 ) (72,089 ) (39,535 ) (29,432 ) (25,384 ) (224,483 ) Allocated general and administrative (2) (13,211 ) (16,603 ) (9,608 ) (13,062 ) (22,489 ) (74,973 ) Segment profit (loss) (3) $ 72,424 $ 54,178 $ 55,090 $ (47,933 ) $ 31,092 $ 164,851 Other significant non-cash items: Recovery of loan losses $ (1,714 ) $ — $ — $ — $ — $ (1,714 ) Impairment of assets — 3,689 8,131 22,814 — 34,634 Depreciation and amortization — 38,841 32,142 1,440 1,148 73,571 Capitalized expenditures — 3,933 61,186 80,119 — 145,238 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2013 Operating lease income $ — $ 147,313 $ 86,352 $ 902 $ — $ 234,567 Interest income 108,015 — — — — 108,015 Other income 4,748 250 38,164 1,474 3,572 48,208 Earnings (loss) from equity method investments — 2,699 5,546 (5,331 ) 38,606 41,520 Income from sales of real estate — — 82,603 4,055 — 86,658 Income (loss) from discontinued operations (4) — 1,484 1,251 — — 2,735 Gain from discontinued operations — 3,395 18,838 — — 22,233 Total revenue and other earnings 112,763 155,141 232,754 1,100 42,178 543,936 Real estate expense — (22,565 ) (101,044 ) (33,832 ) — (157,441 ) Other expense (1,625 ) — — — (6,425 ) (8,050 ) Allocated interest expense (5) (74,377 ) (80,034 ) (49,114 ) (30,368 ) (32,332 ) (266,225 ) Allocated general and administrative (2) (13,186 ) (14,330 ) (9,189 ) (12,365 ) (23,783 ) (72,853 ) Segment profit (loss) (3) $ 23,575 $ 38,212 $ 73,407 $ (75,465 ) $ (20,362 ) $ 39,367 Other significant non-cash items: Provision for loan losses $ 5,489 $ — $ — $ — $ — $ 5,489 Impairment of assets (5) — 1,176 12,449 728 — 14,353 Loss on transfer of interest to unconsolidated subsidiary — — — 7,373 — 7,373 Depreciation and amortization (5) — 38,582 30,599 1,105 1,244 71,530 Capitalized expenditures — 34,076 41,131 36,346 — 111,553 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total As of December 31, 2015 Real estate Real estate, net — 1,112,479 481,504 — — 1,593,983 Real estate available and held for sale — — 137,274 — — 137,274 Total real estate — 1,112,479 618,778 — — 1,731,257 Land and development — — — 1,001,963 — 1,001,963 Loans receivable and other lending investments, net 1,601,985 — — — — 1,601,985 Other investments — 69,096 11,124 100,419 73,533 254,172 Total portfolio assets $ 1,601,985 $ 1,181,575 $ 629,902 $ 1,102,382 $ 73,533 4,589,377 Cash and other assets 1,033,515 Total assets $ 5,622,892 As of December 31, 2014 Real estate, net — 1,188,160 628,271 — — 1,816,431 Real estate available and held for sale — 4,521 162,782 — — 167,303 Total real estate — 1,192,681 791,053 — — 1,983,734 Land and development — — — 978,962 — 978,962 Loans receivable and other lending investments, net 1,377,843 — — — — 1,377,843 Other investments — 125,360 13,220 106,155 109,384 354,119 Total portfolio assets $ 1,377,843 $ 1,318,041 $ 804,273 $ 1,085,117 $ 109,384 4,694,658 Cash and other assets 768,475 Total assets $ 5,463,133 _______________________________________________________________________________ (1) Corporate/Other represents all corporate level and unallocated items including any intercompany eliminations necessary to reconcile to consolidated Company totals. This caption also includes the Company's joint venture investments and strategic investments that are not included in the other reportable segments above. (2) General and administrative excludes stock-based compensation expense of $12.0 million , $13.3 million and $19.3 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. (3) The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Years Ended December 31, 2015 2014 2013 Segment profit $ 126,114 $ 164,851 $ 39,367 Less: (Provision for) recovery of loan losses (36,567 ) 1,714 (5,489 ) Less: Impairment of assets (4) (10,524 ) (34,634 ) (14,353 ) Less: Loss on transfer of interest to unconsolidated subsidiary — — (7,373 ) Less: Depreciation and amortization (4) (65,247 ) (73,571 ) (71,530 ) Less: Stock-based compensation expense (12,013 ) (13,314 ) (19,261 ) Less: Income tax (expense) benefit (4) (7,639 ) (3,912 ) 596 Less: Loss on early extinguishment of debt, net (281 ) (25,369 ) (33,190 ) Net income (loss) $ (6,157 ) $ 15,765 $ (111,233 ) (4) For the year ended December 31, 2013 excludes certain amounts reclassified to discontinued operations in the Company's consolidated statements of operations. (5) For the year ended December 31, 2013 includes related amounts reclassified to discontinued operations in the Company's consolidated statements of operations.

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information (Unaudited)	Quarterly Financial Information (Unaudited) The following table sets forth the selected quarterly financial data for the Company ($ in thousands, except per share amounts). For the Quarters Ended December 31, September 30, June 30, March 31, 2015: Revenue $ 172,025 $ 120,487 $ 109,185 $ 112,857 Net income (loss) $ 19,974 $ 5,958 $ (19,776 ) $ (12,313 ) Earnings per common share data (1) : Net income (loss) attributable to iStar Inc. Basic (2) $ 7,685 $ (6,072 ) $ (30,950 ) $ (22,553 ) Diluted (2) $ 7,684 $ (6,072 ) $ (30,950 ) $ (22,553 ) Earnings per share Basic and diluted $ 0.09 $ (0.07 ) $ (0.36 ) $ (0.26 ) Weighted average number of common shares Basic 83,162 85,766 85,541 85,497 Diluted 83,581 85,766 85,541 85,497 Earnings per HPU share data (1) : Net income (loss) attributable to iStar Inc. Basic and diluted $ — $ (94 ) $ (1,027 ) $ (749 ) Earnings per share Basic and diluted $ — $ (13.41 ) $ (68.47 ) $ (49.93 ) Weighted average number of HPU shares—basic and diluted — 7 15 15 2014: Revenue $ 109,950 $ 113,486 $ 129,843 $ 108,749 Net income (loss) $ (1,955 ) $ 35,491 $ (3,594 ) $ (14,177 ) Earnings per common share data (1) : Net income (loss) attributable to iStar Inc. Basic (2) $ (13,270 ) $ 22,327 $ (16,207 ) $ (26,572 ) Diluted (2) $ (13,270 ) $ 27,608 $ (16,207 ) $ (26,572 ) Earnings per share Basic $ (0.16 ) $ 0.26 $ (0.19 ) $ (0.31 ) Diluted $ (0.16 ) $ 0.21 $ (0.19 ) $ (0.31 ) Weighted average number of common shares Basic 85,188 85,163 84,916 84,819 Diluted 85,188 130,160 84,916 84,819 Earnings per HPU share data (1) : Net income (loss) attributable to iStar Inc. Basic $ (442 ) $ 744 $ (542 ) $ (889 ) Diluted $ (442 ) $ 602 $ (542 ) $ (889 ) Earnings per share Basic $ (29.47 ) $ 49.60 $ (36.13 ) $ (59.27 ) Diluted $ (29.47 ) $ 40.13 $ (36.13 ) $ (59.27 ) Weighted average number of HPU shares—basic and diluted 15 15 15 15 _______________________________________________________________________________ (1) Basic and diluted EPS are computed independently based on the weighted-average shares of common stock and stock equivalents outstanding for each period. Accordingly, the sum of the quarterly EPS amounts may not agree to the total for the year. (2) For the quarter ended December 31, 2015 includes net income attributable to iStar Inc. and allocable to Participating Security Holders of $5 and $5 on a basic and dilutive basis, respectively. For the quarter ended September 30, 2014, includes net income attributable to iStar Inc. and allocable to Participating Security Holders of $2 and $2 on a basic and dilutive basis, respectively.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts and Reserves	iStar Inc. Schedule II—Valuation and Qualifying Accounts and Reserves ($ in thousands) Balance at Beginning of Period Charged to Costs and Expenses Adjustments to Valuation Accounts Deductions Balance at End of Period For the Year Ended December 31, 2013 Reserve for loan losses (1)(2) $ 524,499 $ 5,489 $ — $ (152,784 ) $ 377,204 Allowance for doubtful accounts (2) 5,596 261 — — 5,857 Allowance for deferred tax assets (2) 40,880 (4,473 ) 19,855 — 56,262 $ 570,975 $ 1,277 $ 19,855 $ (152,784 ) $ 439,323 For the Year Ended December 31, 2014 Reserve for loan losses (1)(2) $ 377,204 $ (1,714 ) $ — $ (277,000 ) $ 98,490 Allowance for doubtful accounts (2) 5,857 2,074 — (4,285 ) 3,646 Allowance for deferred tax assets (2) 56,262 (6,246 ) 4,302 — 54,318 $ 439,323 $ (5,886 ) $ 4,302 $ (281,285 ) $ 156,454 For the Year Ended December 31, 2015 Reserve for loan losses (1)(2) $ 98,490 $ 36,567 $ — $ (26,892 ) $ 108,165 Allowance for doubtful accounts (2) 3,646 1,359 — (1,621 ) 3,384 Allowance for deferred tax assets (2) 54,318 (310 ) (98 ) — 53,910 $ 156,454 $ 37,616 $ (98 ) $ (28,513 ) $ 165,459 _____________________________________________________________ (1) Refer to Note 6 to the Company's consolidated financial statements. (2) Refer to Note 3 to the Company's consolidated financial statements.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure	Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) OFFICE FACILITIES: Arizona OAZ002 — (1) 1,033 6,652 980 1,033 7,632 8,665 3,133 1999 40.0 Arizona OAZ003 — (1) 1,033 6,652 287 1,033 6,939 7,972 2,766 1999 40.0 Arizona OAZ004 — (1) 1,033 6,652 205 1,033 6,857 7,890 2,755 1999 40.0 Arizona OAZ005 — 701 4,339 — 701 4,339 5,040 1,754 1999 40.0 California OCA002 — (1) 4,139 5,064 1,596 4,139 6,660 10,799 2,512 2002 40.0 Colorado OCO001 — 1,757 16,930 6,503 1,757 23,433 25,190 9,943 1999 40.0 Colorado OCO002 3,860 (1) — 16,752 48 — 16,800 16,800 5,776 2002 40.0 Florida OFL001 — 2,517 14,484 7,477 2,517 21,961 24,478 3,026 2010 40.0 Georgia OGA001 — 905 6,744 177 905 6,921 7,826 3,169 1999 40.0 Georgia OGA002 — 5,709 49,091 25,480 5,709 74,571 80,280 27,262 1999 40.0 Maryland OMD001 11,111 (1) 1,800 18,706 743 1,800 19,449 21,249 6,555 2002 40.0 Massachusetts OMA001 10,997 (1) 1,600 21,947 285 1,600 22,232 23,832 7,704 2002 40.0 New Jersey ONJ001 51,794 7,726 74,429 10 7,724 74,441 82,165 24,308 2002 40.0 New Jersey ONJ002 9,743 (1) 1,008 13,763 180 1,008 13,943 14,951 4,069 2004 40.0 New Jersey ONJ003 13,290 (1) 2,456 28,955 774 2,456 29,729 32,185 8,724 2004 40.0 Pennsylvania OPA001 — (1) 690 26,098 (49 ) 690 26,049 26,739 9,307 2001 40.0 Texas OTX001 — (1) 1,364 10,628 5,739 2,373 15,358 17,731 6,144 1999 40.0 Texas OTX002 — 1,233 15,160 153 1,233 15,313 16,546 5,864 1999 40.0 Texas OTX004 — 1,230 5,660 887 1,230 6,547 7,777 2,459 1999 40.0 Wisconsin OWI001 — 1,875 13,914 (6,147 ) 1,875 7,767 9,642 4,818 1999 40.0 Subtotal $ 100,795 $ 39,809 $ 362,620 $ 45,328 $ 40,816 $ 406,941 $ 447,757 $ 142,048 INDUSTRIAL FACILITIES: Arizona IAZ001 — 2,519 7,481 1,435 2,519 8,916 11,435 1,654 2009 40.0 Arizona IAZ002 — 3,279 5,221 3,218 3,279 8,439 11,718 1,745 2009 40.0 California ICA001 17,425 (1) 11,635 19,515 5,943 11,635 25,458 37,093 5,132 2007 40.0 California ICA005 — (1) 654 4,591 2,099 654 6,690 7,344 3,057 1999 40.0 California ICA006 — (1) 1,086 7,964 2,876 1,086 10,840 11,926 5,057 1999 40.0 California ICA007 — (1) 4,880 12,367 3,550 4,880 15,917 20,797 6,141 1999 40.0 California ICA008 — (1) 6,857 8,378 1,643 6,856 10,022 16,878 3,676 2002 40.0 California ICA012 — (1) 3,044 3,716 3,677 3,044 7,393 10,437 2,662 2002 40.0 California ICA013 — (1) 2,633 3,219 290 2,633 3,509 6,142 1,331 2002 40.0 California ICA014 — (1) 4,600 5,627 4,114 4,600 9,741 14,341 2,697 2002 40.0 California ICA015 — (1) 5,617 6,877 5,501 5,619 12,376 17,995 7,368 2002 40.0 California ICA016 26,935 15,708 27,987 7,619 15,708 35,606 51,314 16,343 2004 40.0 California ICA017 — 808 8,306 588 808 8,894 9,702 3,469 1999 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Colorado ICO001 — (1) 832 1,379 — 832 1,379 2,211 323 2006 40.0 Florida IFL002 15,095 (1) 3,510 20,846 8,279 3,510 29,125 32,635 5,523 2007 40.0 Florida IFL004 — (1) 3,048 8,676 — 3,048 8,676 11,724 3,506 1999 40.0 Florida IFL005 — (1) 1,612 4,586 (1,408 ) 1,241 3,549 4,790 891 1999 40.0 Florida IFL006 — 1,476 4,198 (4,497 ) 450 727 1,177 606 1999 40.0 Georgia IGA001 13,139 (1) 2,791 24,637 349 2,791 24,986 27,777 5,112 2007 40.0 Indiana IIN001 — (1) 462 9,224 — 462 9,224 9,686 2,596 2007 40.0 Massachusetts IMA001 18,077 (1) 7,439 21,774 10,979 7,439 32,753 40,192 6,209 2007 40.0 Michigan IMI001 — (1) 598 9,814 1 598 9,815 10,413 2,790 2007 40.0 Minnesota IMN001 — (1) 403 1,147 (344 ) 1,206 — 1,206 — 1999 40.0 Minnesota IMN002 — (1) 6,705 17,690 — 6,225 18,170 24,395 4,956 2005 40.0 New Jersey INJ001 20,966 (1) 8,368 15,376 21,141 8,368 36,517 44,885 6,998 2007 40.0 Texas ITX004 13,045 (1) 1,631 27,858 (416 ) 1,631 27,442 29,073 5,557 2007 40.0 Texas ITX005 — 1,314 8,903 46 1,314 8,949 10,263 3,613 1999 40.0 Virginia IVA001 14,070 (1) 2,619 28,481 142 2,619 28,623 31,242 5,854 2007 40.0 Subtotal $ 138,752 $ 106,128 $ 325,838 $ 76,825 $ 105,055 $ 403,736 $ 508,791 $ 114,866 LAND: Arizona LAZ002 — (1) 13,170 5,144 — 13,170 5,144 18,314 600 (3) 2011 0.0 Arizona LAZ003 — 1,400 — — 1,400 — 1,400 — 2011 0.0 Arizona LAZ001 — 96,700 — — 96,700 — 96,700 — 2010 0.0 California LCA002 — 28,464 2,836 (11,000 ) 17,464 2,836 20,300 2,836 2010 0.0 California LCA003 — 87,300 — (4,998 ) 82,302 — 82,302 — 2009 0.0 California LCA004 — 68,155 — (20,942 ) 47,213 — 47,213 — 2000 0.0 California LCA005 — 84,100 — 8,625 92,725 — 92,725 — 2010 0.0 California LCA006 — 59,100 — — 59,100 — 59,100 — 2010 0.0 Florida LFA001 — 7,600 — — 7,600 — 7,600 — 2009 0.0 Florida LFA002 — 8,100 — — 8,100 — 8,100 — 2009 0.0 Florida LFA007 — 5,883 — 235 5,883 235 6,118 — 2014 0.0 Florida LFA006 — 9,300 — (129 ) 9,171 — 9,171 — 2012 0.0 Florida LFA003 — 26,600 — 39,572 26,600 39,572 66,172 — 2010 0.0 Florida LFA004 — 10,440 — — 10,440 — 10,440 — 2013 0.0 Florida LFA005 — 9,300 — — 9,300 — 9,300 — 2010 0.0 Georgia LGA001 — 3,800 — — 3,800 — 3,800 2013 0.0 Georgia LGA002 — 1,400 — — 1,400 — 1,400 2013 0.0 Maryland LMD001 — 102,938 — — 102,938 — 102,938 — 2009 0.0 Maryland LMD002 — (1) 2,486 — — 2,486 — 2,486 361 1999 70.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Michigan LMI001 — 5,374 — — 5,374 — 5,374 — 2007 0.0 New Jersey LNJ001 — 43,300 — 70,231 113,531 — 113,531 313 (3) 2009 0.0 New York LNY002 — 58,900 — (9,506 ) 49,394 — 49,394 — 2011 0.0 New York LNY003 — 3,277 — 7,435 3,277 7,435 10,712 — 2013 0.0 New York LNY001 — 52,461 — 2,525 52,461 2,525 54,986 — 2009 0.0 Oregon LOR002 — 20,326 — (8,924 ) 11,402 — 11,402 — 2012 0.0 Texas LTX001 — (1) 3,375 — — 3,375 — 3,375 — 2005 0.0 Texas LTX002 — (1) 3,621 — — 3,621 — 3,621 — 2005 0.0 Virginia LVA001 — 72,138 — 28,925 101,063 — 101,063 1,958 (3) 2009 0.0 Subtotal $ — $ 889,008 $ 7,980 $ 102,049 $ 941,290 $ 57,747 $ 999,037 $ 6,068 ENTERTAINMENT: Alabama EAL001 — 277 359 (3 ) 277 356 633 106 2004 40.0 Alabama EAL002 — 319 414 — 319 414 733 122 2004 40.0 Arizona EAZ001 — 793 1,027 — 793 1,027 1,820 303 2004 40.0 Arizona EAZ002 — 521 673 (4 ) 521 669 1,190 199 2004 40.0 Arizona EAZ003 — 305 394 (3 ) 305 391 696 117 2004 40.0 Arizona EAZ004 — 630 815 — 630 815 1,445 241 2004 40.0 Arizona EAZ005 — 590 764 — 590 764 1,354 226 2004 40.0 Arizona EAZ006 — 476 616 (4 ) 476 612 1,088 182 2004 40.0 Arizona EAZ007 — 654 845 (6 ) 654 839 1,493 250 2004 40.0 Arizona EAZ008 — 666 862 (6 ) 666 856 1,522 255 2004 40.0 Arizona EAZ009 — 460 596 — 460 596 1,056 176 2004 40.0 California ECA001 — 1,097 1,421 — 1,097 1,421 2,518 419 2004 40.0 California ECA002 — 434 560 1 434 561 995 166 2004 40.0 California ECA003 — 332 429 — 332 429 761 127 2004 40.0 California ECA005 — 676 876 — 676 876 1,552 259 2004 40.0 California ECA006 — 720 932 — 720 932 1,652 275 2004 40.0 California ECA007 — 574 743 (5 ) 574 738 1,312 220 2004 40.0 California ECA008 — 392 508 (4 ) 392 504 896 150 2004 40.0 California ECA009 — 358 464 (3 ) 358 461 819 137 2004 40.0 California ECA010 — (1) — 18,000 — — 18,000 18,000 5,184 2003 40.0 California ECA011 — 852 1,101 (8 ) 852 1,093 1,945 326 2004 40.0 California ECA012 — 1,572 2,034 1 1,572 2,035 3,607 601 2004 40.0 California ECA013 — — 1,953 25,772 — 27,725 27,725 4,735 2008 40.0 California ECA014 — 659 852 (6 ) 659 846 1,505 252 2004 40.0 California ECA015 — 562 729 — 562 729 1,291 215 2004 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) California ECA004 — 1,642 2,124 (16 ) 1,642 2,108 3,750 628 2004 40.0 Colorado ECO002 — 640 827 1 640 828 1,468 244 2004 40.0 Colorado ECO003 — 729 944 — 729 944 1,673 279 2004 40.0 Colorado ECO004 — 536 694 (5 ) 536 689 1,225 205 2004 40.0 Colorado ECO006 — 901 1,165 (9 ) 901 1,156 2,057 345 2004 40.0 Connecticut ECT001 — 1,097 1,420 (10 ) 1,097 1,410 2,507 420 2004 40.0 Connecticut ECT002 — 330 426 — 330 426 756 126 2004 40.0 Delaware EDE001 — 1,076 1,390 4 1,076 1,394 2,470 411 2004 40.0 Florida EFL001 — (1) — 41,809 — — 41,809 41,809 16,742 2005 27.0 Florida EFL002 — 412 531 (3 ) 412 528 940 157 2004 40.0 Florida EFL003 — (1) 6,550 — 17,118 6,533 17,135 23,668 3,710 2006 40.0 Florida EFL004 — 1,067 1,382 — 1,067 1,382 2,449 408 2004 40.0 Florida EFL006 — 401 520 — 401 520 921 153 2004 40.0 Florida EFL007 — 507 655 (5 ) 507 650 1,157 194 2004 40.0 Florida EFL008 — 282 364 (3 ) 282 361 643 108 2004 40.0 Florida EFL009 — 352 455 — 352 455 807 134 2004 40.0 Florida EFL011 — 437 567 — 437 567 1,004 167 2004 40.0 Florida EFL012 — 532 689 — 532 689 1,221 203 2004 40.0 Florida EFL014 — 486 629 — 486 629 1,115 186 2004 40.0 Florida EFL016 — 497 643 (5 ) 497 638 1,135 190 2004 40.0 Florida EFL018 — 643 833 (6 ) 643 827 1,470 246 2004 40.0 Florida EFL019 — 4,200 18,272 — 4,200 18,272 22,472 4,954 2005 40.0 Florida EFL020 — 551 714 (6 ) 551 708 1,259 211 2004 40.0 Florida EFL021 — 364 470 (3 ) 364 467 831 139 2004 40.0 Florida EFL022 — 507 656 — 507 656 1,163 194 2004 40.0 Florida EFL023 — — 19,337 — — 19,337 19,337 5,243 2005 40.0 Georgia EGA001 — 510 660 (5 ) 510 655 1,165 195 2004 40.0 Georgia EGA002 — 286 371 — 286 371 657 109 2004 40.0 Georgia EGA003 — 474 613 — 474 613 1,087 181 2004 40.0 Georgia EGA004 — 581 752 — 581 752 1,333 222 2004 40.0 Georgia EGA005 — 718 930 (7 ) 718 923 1,641 275 2004 40.0 Georgia EGA006 — 546 706 — 546 706 1,252 209 2004 40.0 Georgia EGA007 — 502 651 (5 ) 502 646 1,148 192 2004 40.0 Illinois EIL001 — 335 434 — 335 434 769 128 2004 40.0 Illinois EIL002 — 481 622 — 481 622 1,103 184 2004 40.0 Illinois EIL003 — 8,803 57 30,479 8,803 30,536 39,339 6,347 2006 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Illinois EIL004 — 433 560 (5 ) 433 555 988 166 2004 40.0 Illinois EIL005 — 431 557 (4 ) 431 553 984 165 2004 40.0 Indiana EIN001 — 542 701 (5 ) 542 696 1,238 207 2004 40.0 Kentucky EKY001 — 417 539 — 417 539 956 159 2004 40.0 Kentucky EKY002 — 365 473 (3 ) 365 470 835 140 2004 40.0 Maryland EMD001 — 428 554 — 428 554 982 163 2004 40.0 Maryland EMD002 — 575 745 — 575 745 1,320 220 2004 40.0 Maryland EMD003 — 362 468 (3 ) 362 465 827 138 2004 40.0 Maryland EMD004 — 884 1,145 (9 ) 884 1,136 2,020 338 2004 40.0 Maryland EMD006 — 399 518 (4 ) 399 514 913 153 2004 40.0 Maryland EMD007 — 649 839 (6 ) 649 833 1,482 248 2004 40.0 Maryland EMD008 — 366 473 (3 ) 366 470 836 140 2004 40.0 Maryland EMD009 — 398 516 (4 ) 398 512 910 152 2004 40.0 Maryland EMD011 — 1,126 1,458 — 1,126 1,458 2,584 430 2004 40.0 Massachusetts EMA001 — 523 678 (6 ) 523 672 1,195 200 2004 40.0 Massachusetts EMA002 — 548 711 — 548 711 1,259 210 2004 40.0 Massachusetts EMA003 — 519 672 (5 ) 519 667 1,186 199 2004 40.0 Massachusetts EMA004 — 344 445 — 344 445 789 131 2004 40.0 Michigan EMI002 — 516 667 (5 ) 516 662 1,178 197 2004 40.0 Michigan EMI003 — 554 718 — 554 718 1,272 212 2004 40.0 Michigan EMI004 — 387 500 (4 ) 387 496 883 148 2004 40.0 Michigan EMI005 — 533 691 (6 ) 533 685 1,218 204 2004 40.0 Minnesota EMN001 — 666 861 (6 ) 666 855 1,521 255 2004 40.0 Minnesota EMN002 — (1) 2,962 — 17,164 2,962 17,164 20,126 3,732 2006 40.0 Minnesota EMN004 — (1) 2,437 8,715 2,098 2,437 10,813 13,250 2,709 2006 40.0 Missouri EMO001 — 334 432 — 334 432 766 128 2004 40.0 Missouri EMO004 — 878 1,139 — 878 1,139 2,017 336 2004 40.0 New Jersey ENJ001 — 1,560 2,019 (15 ) 1,560 2,004 3,564 597 2004 40.0 New Jersey ENJ002 — 830 1,075 — 830 1,075 1,905 317 2004 40.0 Nevada ENV001 — 440 569 (4 ) 440 565 1,005 168 2004 40.0 New York ENY001 — 603 779 (6 ) 603 773 1,376 230 2004 40.0 New York ENY002 — 442 571 — 442 571 1,013 169 2004 40.0 New York ENY004 — 385 499 (3 ) 385 496 881 147 2004 40.0 New York ENY005 — 350 453 — 350 453 803 134 2004 40.0 New York ENY007 — 494 640 — 494 640 1,134 189 2004 40.0 New York ENY006 — 326 421 1 326 422 748 125 2004 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) New York ENY008 — 320 414 (3 ) 320 411 731 122 2004 40.0 New York ENY009 — 399 516 (4 ) 399 512 911 153 2004 40.0 New York ENY010 — 959 1,240 (9 ) 959 1,231 2,190 367 2004 40.0 New York ENY011 — 587 761 — 587 761 1,348 225 2004 40.0 New York ENY012 — 521 675 (5 ) 521 670 1,191 199 2004 40.0 New York ENY013 — 711 920 — 711 920 1,631 272 2004 40.0 New York ENY014 — 558 723 (6 ) 558 717 1,275 214 2004 40.0 New York ENY015 — 747 967 — 747 967 1,714 286 2004 40.0 New York ENY016 — 683 885 (7 ) 683 878 1,561 261 2004 40.0 New York ENY017 — 1,492 1,933 — 1,492 1,933 3,425 570 2004 40.0 New York ENY018 — 1,471 1,904 (14 ) 1,471 1,890 3,361 563 2004 40.0 North Carolina ENC001 — 397 513 — 397 513 910 152 2004 40.0 North Carolina ENC002 — 476 615 (4 ) 476 611 1,087 182 2004 40.0 North Carolina ENC003 — 410 530 (4 ) 410 526 936 157 2004 40.0 North Carolina ENC004 — 402 520 (4 ) 402 516 918 154 2004 40.0 North Carolina ENC005 — 948 1,227 — 948 1,227 2,175 362 2004 40.0 North Carolina ENC006 — 259 336 (3 ) 259 333 592 99 2004 40.0 North Carolina ENC007 — 349 452 — 349 452 801 133 2004 40.0 North Carolina ENC008 — 640 828 — 640 828 1,468 245 2004 40.0 North Carolina ENC009 — 409 531 — 409 531 940 157 2004 40.0 North Carolina ENC010 — 965 1,249 (10 ) 965 1,239 2,204 369 2004 40.0 North Carolina ENC011 — 475 615 — 475 615 1,090 182 2004 40.0 North Carolina ENC012 — 494 638 (4 ) 494 634 1,128 189 2004 40.0 Ohio EOH001 — 434 562 — 434 562 996 166 2004 40.0 Ohio EOH002 — 967 1,252 (9 ) 967 1,243 2,210 370 2004 40.0 Ohio EOH003 — 281 365 (3 ) 281 362 643 108 2004 40.0 Ohio EOH004 — 393 508 — 393 508 901 150 2004 40.0 Oklahoma EOK001 — 431 557 (4 ) 431 553 984 165 2004 40.0 Oklahoma EOK002 — 954 1,235 — 954 1,235 2,189 365 2004 40.0 Oregon EOR002 — 393 508 (4 ) 393 504 897 150 2004 40.0 Pennsylvania EPA001 — 407 527 — 407 527 934 156 2004 40.0 Pennsylvania EPA002 — 421 544 — 421 544 965 161 2004 40.0 Pennsylvania EPA003 — 409 528 (4 ) 409 524 933 156 2004 40.0 Pennsylvania EPA004 — 407 527 (3 ) 407 524 931 156 2004 40.0 Puerto Rico EPR001 — 950 1,230 — 950 1,230 2,180 363 2004 40.0 Rhode Island ERI001 — 850 1,100 (8 ) 850 1,092 1,942 325 2004 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) South Carolina ESC002 — 332 429 — 332 429 761 127 2004 40.0 South Carolina ESC003 — 924 1,196 — 924 1,196 2,120 353 2004 40.0 Tennessee ETN001 — 260 338 — 260 338 598 100 2004 40.0 Texas ETX001 — 1,045 1,353 — 1,045 1,353 2,398 399 2004 40.0 Texas ETX002 — 593 767 (6 ) 593 761 1,354 227 2004 40.0 Texas ETX004 — 838 1,083 (8 ) 838 1,075 1,913 320 2004 40.0 Texas ETX005 — 528 682 (5 ) 528 677 1,205 202 2004 40.0 Texas ETX006 — 480 622 (4 ) 480 618 1,098 184 2004 40.0 Texas ETX007 — 975 1,261 (10 ) 975 1,251 2,226 373 2004 40.0 Texas ETX008 — 1,108 1,433 (10 ) 1,108 1,423 2,531 424 2004 40.0 Texas ETX009 — 425 549 (58 ) 425 491 916 153 2004 40.0 Texas ETX010 — 518 671 — 518 671 1,189 198 2004 40.0 Texas ETX011 — 758 981 1 758 982 1,740 290 2004 40.0 Texas ETX013 — 375 485 (3 ) 375 482 857 143 2004 40.0 Texas ETX014 — 438 567 (4 ) 438 563 1,001 168 2004 40.0 Texas ETX017 — 561 726 — 561 726 1,287 214 2004 40.0 Texas ETX018 — 753 976 — 753 976 1,729 288 2004 40.0 Texas ETX019 — 521 675 — 521 675 1,196 199 2004 40.0 Texas ETX020 — 634 821 (6 ) 634 815 1,449 243 2004 40.0 Texas ETX021 — 379 491 (4 ) 379 487 866 145 2004 40.0 Texas ETX022 — 592 766 — 592 766 1,358 226 2004 40.0 Virginia EVA001 — 1,134 1,467 — 1,134 1,467 2,601 433 2004 40.0 Virginia EVA002 — 845 1,094 — 845 1,094 1,939 323 2004 40.0 Virginia EVA003 — 884 1,145 (9 ) 884 1,136 2,020 338 2004 40.0 Virginia EVA004 — 953 1,233 (10 ) 953 1,223 2,176 364 2004 40.0 Virginia EVA005 — 487 632 — 487 632 1,119 186 2004 40.0 Virginia EVA006 — 425 550 (4 ) 425 546 971 163 2004 40.0 Virginia EVA007 — 1,151 1,490 (11 ) 1,151 1,479 2,630 440 2004 40.0 Virginia EVA008 — 546 707 — 546 707 1,253 209 2004 40.0 Virginia EVA009 — 851 1,103 — 851 1,103 1,954 325 2004 40.0 Virginia EVA010 — 819 1,061 — 819 1,061 1,880 313 2004 40.0 Virginia EVA011 — 958 1,240 — 958 1,240 2,198 366 2004 40.0 Virginia EVA012 — 788 1,020 (8 ) 788 1,012 1,800 302 2004 40.0 Virginia EVA013 — 554 716 (5 ) 554 711 1,265 212 2004 40.0 Washington EWA001 — (1) 1,500 6,500 — 1,500 6,500 8,000 2,304 2003 40.0 Wisconsin EWI001 — 521 673 2 521 675 1,196 199 2004 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Wisconsin EWI002 — 413 535 — 413 535 948 158 2004 40.0 Wisconsin EWI004 — 793 1,025 (8 ) 793 1,017 1,810 303 2004 40.0 Wisconsin EWI005 — 1,124 1,455 2 1,124 1,457 2,581 430 2004 40.0 Subtotal $ — $ 125,652 $ 243,033 $ 92,113 $ 125,635 $ 335,163 $ 460,798 $ 93,586 RETAIL: Arizona RAZ003 — 2,625 4,875 1,494 2,625 6,369 8,994 826 2009 40.0 Arizona RAZ004 — 2,184 4,056 (1,588 ) 2,184 2,468 4,652 253 2009 40.0 Arizona RAZ005 — (1) 2,657 2,666 (223 ) 2,657 2,443 5,100 432 2011 40.0 California RCA001 — 2,569 3,031 628 2,569 3,659 6,228 523 2010 40.0 Colorado RCO001 — (1) 2,631 279 5,195 2,607 5,498 8,105 1,181 2006 40.0 Florida RFL003 — (1) 3,950 — 10,286 3,908 10,328 14,236 2,398 2005 40.0 Hawaii RHI001 — 3,393 21,155 (9,514 ) 3,393 11,641 15,034 2,173 2009 40.0 Illinois RIL002 — 14,934 29,675 11,598 14,934 41,273 56,207 3,627 2012 40.0 Illinois RIL001 — (1) — 336 1,419 — 1,755 1,755 653 2010 40.0 New Mexico RNM001 — (1) 1,733 — 8,370 1,705 8,398 10,103 1,767 2005 40.0 New York RNY001 — (1) 731 6,073 699 711 6,792 7,503 1,912 2005 40.0 Pennsylvania RPA001 — 5,687 56,950 5,383 5,687 62,333 68,020 8,263 2011 40.0 South Carolina RSC001 — 2,126 948 (723 ) 1,337 1,014 2,351 213 2007 40.0 Texas RTX001 — (1) 3,538 4,215 171 3,514 4,410 7,924 1,385 2005 40.0 Utah RUT001 — (1) 3,502 — 5,975 3,502 5,975 9,477 1,370 2005 40.0 Virginia RVA001 — 4,720 16,711 — 4,720 16,711 21,431 1,347 2011 40.0 Subtotal $ — $ 56,980 $ 150,970 $ 39,170 $ 56,053 $ 191,067 $ 247,120 $ 28,323 HOTEL: California HCA002 — (1) 4,394 27,030 (871 ) 4,394 26,159 30,553 11,989 1998 40.0 California HCA003 — (1) 3,308 20,623 (664 ) 3,308 19,959 23,267 9,130 1998 40.0 Colorado HCO001 — (1) 1,242 7,865 (253 ) 1,242 7,612 8,854 3,475 1998 40.0 Georgia HGA001 — (1) 6,378 25,514 1,865 6,378 27,379 33,757 4,646 2010 40.0 Hawaii HHI001 — 17,996 17,996 (21,805 ) 3,419 10,768 14,187 4,531 2009 40.0 Hawaii HHI002 — 3,000 12,000 1,178 3,000 13,178 16,178 1,963 2009 40.0 Utah HUT001 — (1) 5,620 32,695 (1,058 ) 5,620 31,637 37,257 14,618 1998 40.0 Washington HWA004 — (1) 5,101 32,080 (1,031 ) 5,101 31,049 36,150 14,185 1998 40.0 Subtotal $ — $ 47,039 $ 175,803 $ (22,639 ) $ 32,462 $ 167,741 $ 200,203 $ 64,537 APARTMENT/RESIDENTIAL: Arizona AAZ001 — 2,423 — 14,890 2,423 14,890 17,313 — 2010 0.0 California ACA002 — 10,078 40,312 (44,678 ) 1,142 4,570 5,712 — 2007 0.0 Georgia AGA001 — 2,963 11,850 9,693 4,901 19,605 24,506 — 2010 0.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period State Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Nevada ANZ001 — 18,117 106,829 (122,322 ) 380 2,244 2,624 — 2009 0.0 New Jersey ANJ001 — 36,405 64,719 (100,639 ) 175 310 485 — 2009 0.0 Pennsylvania APA001 — 44,438 82,527 (120,315 ) 2,327 4,323 6,650 — 2012 0.0 Pennsylvania APA002 — 15,890 29,510 16,635 15,890 46,145 62,035 — 2012 0.0 Washington AWA001 — 1,342 12,082 63 1,342 12,145 13,487 — 2015 0.0 Washington AWA002 — 2,342 44,478 (45,924 ) 45 851 896 — 2009 0.0 Subtotal $ — $ 133,998 $ 392,307 $ (392,597 ) $ 28,625 $ 105,083 $ 133,708 $ — MIXED USE: Arizona MAZ002 — 10,182 52,544 30,047 10,182 82,591 92,773 10,545 2011 40.0 California MCA001 — 5,869 629 2 5,869 631 6,500 325 2010 40.0 Florida MFL001 — 8,450 8,216 (1,956 ) 8,450 6,260 14,710 2,179 2008 40.0 Florida MFL002 — 18,229 20,899 1,744 18,229 22,643 40,872 1,840 2014 40.0 Florida MFL003 — 2,507 8,155 1,251 2,507 9,406 11,913 826 2014 40.0 Florida MFL004 — 4,201 14,652 882 4,201 15,534 19,735 1,066 2014 40.0 Georgia MGA001 — (1) 4,480 17,916 (5,971 ) 4,480 11,945 16,425 913 2010 40.0 Subtotal $ — $ 53,918 $ 123,011 $ 25,999 $ 53,918 $ 149,010 $ 202,928 $ 17,694 Total $ 239,547 $ 1,452,532 $ 1,781,562 $ (33,752 ) $ 1,383,854 $ 1,816,488 $ 3,200,342 (4) $ 467,122 (5) _______________________________________________________________________________ (1) Consists of properties pledged as collateral under the Company's secured credit facilities with a total book value of $591.4 million (2) Includes impairments and unit sales. (3) These properties have land improvements which have depreciable lives of 15 to 20 years. (4) The aggregate cost for Federal income tax purposes was approximately $3.41 billion at December 31, 2015 . (5) Includes $6.0 million and $4.5 million relating to accumulated depreciation for land and development assets and real estate assets held for sale, respectively, as of December 31, 2015 . The following table reconciles real estate from January 1, 2013 to December 31, 2015 : 2015 2014 2013 Balance at January 1 $ 3,444,676 $ 3,589,072 $ 3,763,310 Improvements and additions 183,269 145,238 126,664 Acquisitions through foreclosure 14,505 77,867 31,764 Other acquisitions — 4,666 69,379 Dispositions (431,928 ) (341,453 ) (388,906 ) Impairments (10,180 ) (30,714 ) (13,139 ) Balance at December 31 $ 3,200,342 $ 3,444,676 $ 3,589,072 The following table reconciles accumulated depreciation from January 1, 2013 to December 31, 2015 : 2015 2014 2013 Balance at January 1 $ (481,980 ) $ (432,374 ) $ (388,346 ) Additions (57,049 ) (62,299 ) (59,208 ) Dispositions 71,907 12,693 15,180 Balance at December 31 $ (467,122 ) $ (481,980 ) $ (432,374 )

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2015
Mortgage Loans on Real Estate [Abstract]
Schedule IV - Mortgage Loans on Real Estate	iStar Inc. Schedule IV—Mortgage Loans on Real Estate As of December 31, 2015 ($ in thousands) Type of Loan/Borrower Underlying Property Type Contractual Interest Accrual Rates Contractual Interest Payment Rates Effective Maturity Dates Periodic Payment Terms Prior Liens Face Amount of Mortgages Carrying Amount of Mortgages (1)(2) Senior Mortgages: Borrower A (3) Apartment/Residential LIBOR + 6.75% LIBOR + 6.75% January 2018 IO $ — $ 179,075 $ 178,118 Borrower B Office LIBOR + 5.25% LIBOR + 5.25% December 2017 IO — 155,383 153,947 Borrower C Mixed Use/Mixed Collateral LIBOR + 6% LIBOR + 6% July 2017 IO — 150,456 150,291 Borrower D (4) Mixed Use/Mixed Collateral LIBOR + 8% LIBOR + 8% January 2017 IO — 118,750 118,089 Borrower E (5) Hotel LIBOR + 6% LIBOR + 6% July 2018 IO — 90,000 89,917 Senior mortgages individually <3% Apartment/Residential, Retail, Land, Mixed Use/Mixed Collateral, Office, Hotel, Other Fixed: 3% to 9.68% Variable: LIBOR + 2.75% to LIBOR + 8% Fixed: 3% to 9.68% Variable: LIBOR + 2.75% to LIBOR + 7.5% 2016 to 2024 287,736 215,926 981,400 906,288 Subordinate Mortgages: Subordinate mortgages individually <3% Retail, Hotel Fixed: 6.8% to 14.0% Fixed: 8.12% to 9.09% 2016 to 2057 28,708 28,676 28,708 28,676 Total mortgages $ 1,010,108 $ 934,964 _______________________________________________________________________________ (1) Amounts are presented net of asset-specific reserves of $69.6 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell. (2) The carrying amount of mortgages approximated the federal income tax basis. (3) As of December 31, 2015 , included a LIBOR interest rate floor of 0.19% . (4) As of December 31, 2015 , included a LIBOR interest rate floor of 0.25% . (5) As of December 31, 2015 , included a LIBOR interest rate floor of 0.18% . iStar Inc. Schedule IV—Mortgage Loans on Real Estate (Continued) As of December 31, 2015 ($ in thousands) Reconciliation of Mortgage Loans on Real Estate: The following table reconciles Mortgage Loans on Real Estate from January 1, 2013 to December 31, 2015 (1) : 2015 2014 2013 Balance at January 1 $ 726,426 $ 827,796 $ 1,421,654 Additions: New mortgage loans 237,031 476,332 19,249 Additions under existing mortgage loans 92,887 13,108 31,589 Other (2) 33,080 26,156 16,385 Deductions (3) : Collections of principal (151,464 ) (532,465 ) (636,883 ) (Provision for) recovery of loan losses (6,186 ) 483 25,011 Transfers from (to) real estate and equity investments 3,261 (84,912 ) (49,100 ) Amortization of premium (71 ) (72 ) (109 ) Balance at December 31 $ 934,964 $ 726,426 $ 827,796 ______________________________________________________________ (1) Balances represent the carrying value of loans, which are net of asset specific reserves. (2) Amount includes amortization of discount, deferred interest capitalized and mark-to-market adjustments resulting from changes in foreign exchange rates. (3) Amounts are presented net of charge-offs of $1.0 million , $239.6 million and $152.8 million for the years ended December 31, 2015 , 2014 and 2013 , respectively.

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Capitalization and depreciation	Capitalization and depreciation— Certain improvements and replacements are capitalized when they extend the useful life of the asset. For real estate projects, the Company begins to capitalize qualified development and construction costs, including interest, real estate taxes, compensation and certain other carrying costs incurred which are specifically identifiable to a development project once activities necessary to get the asset ready for its intended use have commenced. If specific allocation of costs is not practicable, the Company will allocate costs based on relative fair value prior to construction or relative sales value, relative size or other value methods as appropriate during construction. The Company ceases capitalization on the portions substantially completed and ready for their intended use. Repairs and maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method of cost recovery over the estimated useful life, which is generally 40 years for facilities, five years for furniture and equipment, the shorter of the remaining lease term or expected life for tenant improvements and the remaining useful life of the facility for facility improvements.
Purchase price allocation	Purchase price allocation— Upon acquisition of real estate, the Company determines whether the transaction is a business combination, which is accounted for under the acquisition method, or an acquisition of assets. For both types of transactions, the Company recognizes and measures identifiable assets acquired, liabilities assumed and any noncontrolling interest in the acquiree based on their relative fair values. For business combinations, the Company recognizes and measures goodwill or gain from a bargain purchase, if applicable, and expenses acquisition-related costs in the periods in which the costs are incurred and the services are received. For acquisitions of assets, acquisition-related costs are capitalized and recorded in "Real estate, net" on the Company's consolidated balance sheets. The Company accounts for its acquisition of properties by recording the purchase price of tangible and intangible assets and liabilities acquired based on their estimated fair values. The value of the tangible assets, consisting of land, buildings, building improvements and tenant improvements is determined as if these assets are vacant. Intangible assets may include the value of lease incentive assets, above-market leases, in-place leases and the value of customer relationships, which are each recorded at their estimated fair values and included in “Deferred expenses and other assets, net” on the Company's consolidated balance sheets. Intangible liabilities may include the value of below-market leases, which are recorded at their estimated fair values and included in “Accounts payable, accrued expenses and other liabilities” on the Company's consolidated balance sheets. In-place leases and customer relationships are amortized over the remaining non-cancelable term and the amortization expense is included in "Depreciation and amortization" in the Company's consolidated statements of operations. Lease incentive assets and above-market (or below-market) lease value is amortized as a reduction of (or, increase to) operating lease income over the remaining non-cancelable term of each lease plus any renewal periods with fixed rental terms that are considered to be below-market. The Company also engages in sale/leaseback transactions and typically executes leases with the occupant simultaneously with the purchase of the net lease asset.
Impairments	Impairments— The Company reviews real estate assets to be held and used and land and development assets, for impairment in value whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. The value of a long-lived asset held for use is impaired only if management's estimate of the aggregate future cash flows (undiscounted and without interest charges) to be generated by the asset (taking into account the anticipated holding period of the asset) is less than the carrying value. Such estimate of cash flows considers factors such as expected future operating income trends, as well as the effects of demand, competition and other economic factors. To the extent impairment has occurred, the loss will be measured as the excess of the carrying amount of the property over the estimated fair value of the asset and reflected as an adjustment to the basis of the asset. Impairments of real estate assets that are not held for sale and land and development assets are recorded in "Impairment of assets" in the Company's consolidated statements of operations. Impairments of real estate assets that are disposed of or classified as held for sale after December 31, 2013 and which do not represent a strategic shift that has (or will have) a major effect on the Company's operations and financial results are also recorded in "Impairment of assets" in the Company's consolidated statements of operations.
Real estate available and held for sale	Real estate available and held for sale— The Company reports real estate assets to be sold at the lower of their carrying amount or estimated fair value less costs to sell and classifies them as “Real estate available and held for sale” on the Company's consolidated balance sheets. If the estimated fair value less costs to sell is less than the carrying value, the difference will be recorded as an impairment charge. Impairment for real estate assets sold or classified as held for sale on or before December 31, 2013 are included in "Income (loss) from discontinued operations" in the Company's consolidated statements of operations. Impairment for real estate assets disposed of or classified as held for sale after December 31, 2013 are included in "Impairment of assets" in the Company's consolidated statements of operations. Once a real estate asset is classified as held for sale, depreciation expense is no longer recorded and historical operating results, including impairments, are reclassified to "Income (loss) from discontinued operations" in the Company's consolidated statements of operations. If circumstances arise that were previously considered unlikely and, as a result the Company decides not to sell a property previously classified as held for sale, the property is reclassified as held and used and included in "Real estate, net" on the Company's consolidated balance sheets. The Company measures and records a property that is reclassified as held and used at the lower of (i) its carrying amount before the property was classified as held for sale, adjusted for any depreciation expense that would have been recognized had the property been continuously classified as held and used, or (ii) the estimated fair value at the date of the subsequent decision not to sell.
Dispositions	Dispositions— Revenue from sales of land and gains or losses on the sale of other real estate assets, including residential property, are recognized in accordance with Accounting Standards Codification ("ASC") 360-20 , Real Estate Sales . Sales of land and the associated gains on sales of residential property are recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company primarily uses specific identification and the relative sales value method to allocate costs. Gains on sales of net lease assets or commercial operating properties disposed of or classified as held for sale on or before December 31, 2013 are recorded in “Gains from discontinued operations” in the Company's consolidated statements of operations. Gain on sales of net lease assets or commercial operating properties disposed of or classified as held for sale after December 31, 2013 and profits on sales of residential property within the operating property segment are included in "Income from sales of real estate" in the Company's consolidated statements of operations.
Loans receivable and other lending investments, net	Loans receivable and other lending investments, net — Loans receivable and other lending investments, net includes the following investments: senior mortgages, corporate/partnership loans, subordinate mortgages, preferred equity investments and debt securities. Management considers nearly all of its loans to be held-for-investment, although certain investments may be classified as held-for-sale or available-for-sale. Loans receivable classified as held-for-investment and debt securities classified as held-to-maturity are reported at their outstanding unpaid principal balance, and include unamortized acquisition premiums or discounts and unamortized deferred loan costs or fees. These loans and debt securities also include accrued and paid-in-kind interest and accrued exit fees that the Company determines are probable of being collected. Debt securities classified as available-for-sale are reported at fair value with unrealized gains and losses included in "Accumulated other comprehensive income (loss)" on the Company's consolidated balance sheets. Loans receivable and other lending investments designated for sale are classified as held-for-sale and are carried at lower of amortized historical cost or estimated fair value. The amount by which carrying value exceeds fair value is recorded as a valuation allowance. Subsequent changes in the valuation allowance are included in the determination of net income (loss) in the period in which the change occurs.
Debt securities, other than temporary impairment	For held-to-maturity and available-for-sale debt securities held in "Loans receivable and other lending investments, net," management evaluates whether the asset is other-than-temporarily impaired when the fair market value is below carrying value. The Company considers debt securities other-than-temporarily impaired if (1) the Company has the intent to sell the security, (2) it is more likely than not that it will be required to sell the security before recovery, or (3) it does not expect to recover the entire amortized cost basis of the security. If it is determined that an other-than-temporary impairment exists, the portion related to credit losses, where the Company does not expect to recover its entire amortized cost basis, will be recognized as an "Impairment of assets" in the Company's consolidated statements of operations. If the Company does not intend to sell the security and it is more likely than not that the entity will not be required to sell the security, but the security has suffered a credit loss, the impairment charge will be separated. The credit loss component of the impairment will be recorded as an "Impairment of assets" in the Company's consolidated statements of operations, and the remainder will be recorded in "Accumulated other comprehensive income (loss)" on the Company's consolidated balance sheets.
Loans and leases receivable, real estate acquired through foreclosure	The Company acquires properties through foreclosure or by deed-in-lieu of foreclosure in full or partial satisfaction of non-performing loans. Based on the Company's strategic plan to realize the maximum value from the collateral received, property is classified as "Land and development," "Real estate, net" or "Real estate available and held for sale" at its estimated fair value when title to the property is obtained. Any excess of the carrying value of the loan over the estimated fair value of the property (less costs to sell for assets held for sale) is charged-off against the reserve for loan losses as of the date of foreclosure.
Equity and cost method investments	Equity and cost method investments — Equity interests are accounted for pursuant to the equity method of accounting if the Company can significantly influence the operating and financial policies of an investee. This is generally presumed to exist when ownership interest is between 20% and 50% of a corporation, or greater than 5% of a limited partnership or certain limited liability companies. The Company's periodic share of earnings and losses in equity method investees is included in "Earnings from equity method investments" in the consolidated statements of operations. When the Company's ownership position is too small to provide such influence, the cost method is used to account for the equity interest. Equity and cost method investments are included in "Other investments" on the Company's consolidated balance sheets. To the extent that the Company contributes assets to an unconsolidated subsidiary, the Company’s investment in the subsidiary is recorded at the Company’s cost basis in the assets that were contributed to the unconsolidated subsidiary. To the extent that the Company’s cost basis is different from the basis reflected at the subsidiary level, when required, the basis difference is amortized over the life of the related assets and included in the Company’s share of equity in net income (loss) of the unconsolidated subsidiary, as appropriate. The Company recognizes gains on the contribution of real estate to unconsolidated subsidiaries, relating solely to the outside partner’s interest, to the extent the economic substance of the transaction is a sale. The Company recognizes a loss when it contributes property to an unconsolidated subsidiary and receives a disproportionately smaller interest in the subsidiary based on a comparison of the carrying amount of the property with the cash and other consideration contributed by the other investors. The Company periodically reviews equity method investments for impairment in value whenever events or changes in circumstances indicate that the carrying amount of such investments may not be recoverable. The Company will record an impairment charge to the extent that the estimated fair value of an investment is less than its carrying value and the Company determines the impairment is other-than-temporary. Impairment charges are recorded in "Earnings from equity method investments" in the Company's consolidated statements of operations.
Cash and cash equivalents	Cash and cash equivalents — Cash and cash equivalents include cash held in banks or invested in money market funds with original maturity terms of less than 90 days.
Restricted cash	Restricted cash — Restricted cash represents amounts required to be maintained under certain of the Company's debt obligations, loans, leasing, land development, sale and derivative transactions.
Variable interest entities	Variable interest entities — The Company evaluates its investments and other contractual arrangements to determine if they constitute variable interests in a VIE. A VIE is an entity where a controlling financial interest is achieved through means other than voting rights. A VIE is consolidated by the primary beneficiary, which is the party that has the power to direct matters that most significantly impact the activities of the VIE and has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. This overall consolidation assessment includes a review of, among other factors, which interests create or absorb variability, contractual terms, the key decision making powers, their impact on the VIE's economic performance, and related party relationships. Where qualitative assessment is not conclusive, the Company performs a quantitative analysis. The Company reassesses its evaluation of the primary beneficiary of a VIE on an ongoing basis and assesses its evaluation of an entity as a VIE upon certain reconsideration events. The Company has investments in certain funds that meet the deferral criteria in Accounting Standards Update ("ASU") 2010-10 and will continue to assess consolidation of these entities under the overall guidance on the consolidation of VIEs in ASC 810-10. The consolidation evaluation is similar to the process noted above, except that the primary beneficiary is the party that will receive a majority of the VIE's anticipated losses, a majority of the VIE's expected residual returns, or both. In addition, for entities that meet the deferral criteria, the Company reassesses its initial evaluation of the primary beneficiary and whether an entity is a VIE upon the occurrence of certain reconsideration events.
Deferred expense	Deferred expenses — Deferred expenses include leasing costs and financing fees. Leasing costs include brokerage, legal and other costs which are amortized over the life of the respective leases and presented as an operating activity in the Company's consolidated statements of cash flows. External fees and costs incurred to obtain long-term debt financing have been deferred and are amortized over the term of the respective borrowing using the effective interest method. Amortization of leasing costs is included in "Depreciation and amortization" and amortization of deferred financing fees is included in "Interest expense" in the Company's consolidated statements of operations.
Identified intangible assets and liabilities	Identified intangible assets and liabilities — Upon the acquisition of a business, the Company records intangible assets or liabilities acquired at their estimated fair values and determines whether such intangible assets or liabilities have finite or indefinite lives. As of December 31, 2015 , all such intangible assets and liabilities acquired by the Company have finite lives. Intangible assets are included in "Deferred expenses and other assets, net" and intangible liabilities are included in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. The Company amortizes finite lived intangible assets and liabilities based on the period over which the assets are expected to contribute directly or indirectly to the future cash flows of the business acquired. The Company reviews finite lived intangible assets for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. If the Company determines the carrying value of an intangible asset is not recoverable it will record an impairment charge to the extent its carrying value exceeds its estimated fair value. Impairments of intangible assets are recorded in "Impairment of assets" in the Company's consolidated statements of operations.
Loan participations payable, net	Loan participations payable, net — The Company accounts for transfers of financial assets under ASC Topic 860, “Transfers and Servicing”, as either sales or secured borrowings. Transfers of financial assets that result in sales accounting are those in which (1) the transfer legally isolates the transferred assets from the transferor, (2) the transferee has the right to pledge or exchange the transferred assets and no condition both constrains the transferee’s right to pledge or exchange the assets and provides more than a trivial benefit to the transferor, and (3) the transferor does not maintain effective control over the transferred assets. If the transfer does not meet these criteria, the transfer is presented on the balance sheet as "Loan participations payable, net". Financial asset activities that are accounted for as sales are removed from the balance sheet with any realized gain (loss) reflected in earnings during the period of sale.
Revenue recognition leases	Operating lease income: The Company's leases have all been determined to be operating leases based on an analysis performed in accordance with ASC 840. Operating lease income is recognized on the straight-line method of accounting, generally from the later of the date the lessee takes possession of the space and it is ready for its intended use or the date of acquisition of the facility subject to existing leases. Accordingly, contractual lease payment increases are recognized evenly over the term of the lease. The periodic difference between lease revenue recognized under this method and contractual lease payment terms is recorded as "Deferred operating lease income receivable," on the Company's consolidated balance sheets. The Company also recognizes revenue from certain tenant leases for reimbursements of all or a portion of operating expenses, including common area costs, insurance, utilities and real estate taxes of the respective property. This revenue is accrued in the same periods as the expense is incurred and is recorded as “Operating lease income” in the Company's consolidated statements of operations. Revenue is also recorded from certain tenant leases that is contingent upon tenant sales exceeding defined thresholds. These rents are recognized only after the defined threshold has been met for the period.
Operating lease allowance for doubtful accounts	Management estimates losses within its operating lease income receivable and deferred operating lease income receivable balances as of the balance sheet date and incorporates an asset-specific component, as well as a general, formula-based reserve based on management's evaluation of the credit risks associated with these receivables.
Interest Income	Interest Income: Interest income on loans receivable is recognized on an accrual basis using the interest method. On occasion, the Company may acquire loans at premiums or discounts. These discounts and premiums in addition to any deferred costs or fees, are typically amortized over the contractual term of the loan using the interest method. Exit fees are also recognized over the lives of the related loans as a yield adjustment, if management believes it is probable that such amounts will be received. If loans with premiums, discounts, loan origination or exit fees are prepaid, the Company immediately recognizes the unamortized portion, which is included in "Other income" or "Other expense" in the Company's consolidated statements of operations. The Company considers a loan to be non-performing and places loans on non-accrual status at such time as: (1) the loan becomes 90 days delinquent; (2) the loan has a maturity default; or (3) management determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan. While on non-accrual status, based on the Company's judgment as to collectability of principal, loans are either accounted for on a cash basis, where interest income is recognized only upon actual receipt of cash, or on a cost-recovery basis, where all cash receipts reduce a loan's carrying value. Non-accrual loans are returned to accrual status when a loan has become contractually current and management believes all amounts contractually owed will be received. Certain of the Company's loans contractually provide for accrual of interest at specified rates that differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to management's determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the borrower. Prepayment penalties or yield maintenance payments from borrowers are recognized as other income when received. Certain of the Company's loan investments provide for additional interest based on the borrower's operating cash flow or appreciation of the underlying collateral. Such amounts are considered contingent interest and are reflected as interest income only upon receipt of cash.
Revenue recognition	Revenue recognition — The Company's revenue recognition policies are as follows: Operating lease income: The Company's leases have all been determined to be operating leases based on an analysis performed in accordance with ASC 840. Operating lease income is recognized on the straight-line method of accounting, generally from the later of the date the lessee takes possession of the space and it is ready for its intended use or the date of acquisition of the facility subject to existing leases. Accordingly, contractual lease payment increases are recognized evenly over the term of the lease. The periodic difference between lease revenue recognized under this method and contractual lease payment terms is recorded as "Deferred operating lease income receivable," on the Company's consolidated balance sheets. The Company also recognizes revenue from certain tenant leases for reimbursements of all or a portion of operating expenses, including common area costs, insurance, utilities and real estate taxes of the respective property. This revenue is accrued in the same periods as the expense is incurred and is recorded as “Operating lease income” in the Company's consolidated statements of operations. Revenue is also recorded from certain tenant leases that is contingent upon tenant sales exceeding defined thresholds. These rents are recognized only after the defined threshold has been met for the period. Management estimates losses within its operating lease income receivable and deferred operating lease income receivable balances as of the balance sheet date and incorporates an asset-specific component, as well as a general, formula-based reserve based on management's evaluation of the credit risks associated with these receivables. As of December 31, 2015 and 2014 , the allowance for doubtful accounts related to real estate tenant receivables was $1.9 million and $1.3 million , respectively, and the allowance for doubtful accounts related to deferred operating lease income was $1.5 million and $2.4 million , respectively. Interest Income: Interest income on loans receivable is recognized on an accrual basis using the interest method. On occasion, the Company may acquire loans at premiums or discounts. These discounts and premiums in addition to any deferred costs or fees, are typically amortized over the contractual term of the loan using the interest method. Exit fees are also recognized over the lives of the related loans as a yield adjustment, if management believes it is probable that such amounts will be received. If loans with premiums, discounts, loan origination or exit fees are prepaid, the Company immediately recognizes the unamortized portion, which is included in "Other income" or "Other expense" in the Company's consolidated statements of operations. The Company considers a loan to be non-performing and places loans on non-accrual status at such time as: (1) the loan becomes 90 days delinquent; (2) the loan has a maturity default; or (3) management determines it is probable that it will be unable to collect all amounts due according to the contractual terms of the loan. While on non-accrual status, based on the Company's judgment as to collectability of principal, loans are either accounted for on a cash basis, where interest income is recognized only upon actual receipt of cash, or on a cost-recovery basis, where all cash receipts reduce a loan's carrying value. Non-accrual loans are returned to accrual status when a loan has become contractually current and management believes all amounts contractually owed will be received. Certain of the Company's loans contractually provide for accrual of interest at specified rates that differ from current payment terms. Interest is recognized on such loans at the accrual rate subject to management's determination that accrued interest and outstanding principal are ultimately collectible, based on the underlying collateral and operations of the borrower. Prepayment penalties or yield maintenance payments from borrowers are recognized as other income when received. Certain of the Company's loan investments provide for additional interest based on the borrower's operating cash flow or appreciation of the underlying collateral. Such amounts are considered contingent interest and are reflected as interest income only upon receipt of cash. Other income: Other income includes revenues from hotel operations, which are recognized when rooms are occupied and the related services are provided. Revenues include room sales, food and beverage sales, parking, telephone, spa services and gift shop sales. Other income also includes gains from sales of loans, loan prepayment fees, lease termination fees and other ancillary income. Land development revenue and cost of sales: Land development revenue includes lot and parcel sales from wholly-owned properties and is recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company primarily uses specific identification and the relative sales value method to allocate costs.
Hotel revenue recognition	Other income: Other income includes revenues from hotel operations, which are recognized when rooms are occupied and the related services are provided. Revenues include room sales, food and beverage sales, parking, telephone, spa services and gift shop sales.
Land development revenue and cost of sales	Land development revenue and cost of sales: Land development revenue includes lot and parcel sales from wholly-owned properties and is recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company primarily uses specific identification and the relative sales value method to allocate costs.
Reserve for loan losses	Reserve for loan losses — The reserve for loan losses reflects management's estimate of loan losses inherent in the loan portfolio as of the balance sheet date. If the Company determines that the collateral fair value less costs to sell is less than the carrying value of a collateral-dependent loan, the Company will record a reserve. The reserve is increased (decreased) through "Provision for (recovery of) loan losses" in the Company's consolidated statements of operations and is decreased by charge-offs. During delinquency and the foreclosure process, there are typically numerous points of negotiation with the borrower as the Company works toward a settlement or other alternative resolution, which can impact the potential for loan repayment or receipt of collateral. The Company's policy is to charge off a loan when it determines, based on a variety of factors, that all commercially reasonable means of recovering the loan balance have been exhausted. This may occur at different times, including when the Company receives cash or other assets in a pre-foreclosure sale or takes control of the underlying collateral in full satisfaction of the loan upon foreclosure or deed-in-lieu, or when the Company has otherwise ceased significant collection efforts. The Company considers circumstances such as the foregoing to be indicators that the final steps in the loan collection process have occurred and that a loan is uncollectible. At this point, a loss is confirmed and the loan and related reserve will be charged off. The Company has one portfolio segment, represented by commercial real estate lending, whereby it utilizes a uniform process for determining its reserve for loan losses. The reserve for loan losses includes a general, formula-based component and an asset-specific component. The general reserve component covers performing loans and reserves for loan losses are recorded when (i) available information as of each balance sheet date indicates that it is probable a loss has occurred in the portfolio and (ii) the amount of the loss can be reasonably estimated. The formula-based general reserve is derived from estimated principal default probabilities and loss severities applied to groups of loans based upon risk ratings assigned to loans with similar risk characteristics during the Company's quarterly loan portfolio assessment. During this assessment, the Company performs a comprehensive analysis of its loan portfolio and assigns risk ratings to loans that incorporate management's current judgments about their credit quality based on all known and relevant internal and external factors that may affect collectability. The Company considers, among other things, payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographical location as well as national and regional economic factors. This methodology results in loans being segmented by risk classification into risk rating categories that are associated with estimated probabilities of default and principal loss. Ratings range from "1" to "5" with "1" representing the lowest risk of loss and "5" representing the highest risk of loss. The Company estimates loss rates based on historical realized losses experienced within its portfolio and takes into account current economic conditions affecting the commercial real estate market when establishing appropriate time frames to evaluate loss experience. The asset-specific reserve component relates to reserves for losses on impaired loans. The Company considers a loan to be impaired when, based upon current information and events, it believes that it is probable that the Company will be unable to collect all amounts due under the contractual terms of the loan agreement. This assessment is made on a loan-by-loan basis each quarter based on such factors as payment status, lien position, borrower financial resources and investment in collateral, collateral type, project economics and geographical location as well as national and regional economic factors. A reserve is established for an impaired loan when the present value of payments expected to be received, observable market prices, or the estimated fair value of the collateral (for loans that are dependent on the collateral for repayment) is lower than the carrying value of that loan. Substantially all of the Company's impaired loans are collateral dependent and impairment is measured using the estimated fair value of collateral, less costs to sell. The Company generally uses the income approach through internally developed valuation models to estimate the fair value of the collateral for such loans. In more limited cases, the Company obtains external "as is" appraisals for loan collateral, generally when third party participations exist. Valuations are performed or obtained at the time a loan is determined to be impaired and designated non-performing, and they are updated if circumstances indicate that a significant change in value has occurred. In limited cases, appraised values may be discounted when real estate markets rapidly deteriorate. A loan is also considered impaired if its terms are modified in a troubled debt restructuring ("TDR"). A TDR occurs when the Company has granted a concession and the debtor is experiencing financial difficulties. Impairments on TDR loans are generally measured based on the present value of expected future cash flows discounted at the effective interest rate of the original loan.
Loss on debt extinguishments	Loss on debt extinguishments — The Company recognizes the difference between the reacquisition price of debt and the net carrying amount of extinguished debt currently in earnings. Such amounts may include prepayment penalties or the write-off of unamortized debt issuance costs, and are recorded in “Loss on early extinguishment of debt, net” in the Company's consolidated statements of operations.
Derivative instruments and hedging activity	Derivative instruments and hedging activity — The Company's use of derivative financial instruments is primarily limited to the utilization of interest rate swaps, interest rate caps or other instruments to manage interest rate risk exposure and foreign exchange contracts to manage our risk to changes in foreign currencies. The Company recognizes derivatives as either assets or liabilities on the Company's consolidated balance sheets at fair value. If certain conditions are met, a derivative may be specifically designated as a hedge of the exposure to changes in the fair value of a recognized asset or liability, a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in Accumulated Other Comprehensive Income as part of the cumulative translation adjustment. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of Accumulated Other Comprehensive Income into earnings when the hedged net investment is either sold or substantially liquidated. Derivatives that are not designated hedges are considered economic hedges, with changes in fair value reported in current earnings in "Other expense" in the Company's consolidated statements of operations. The Company does not enter into derivatives for trading purposes.
Stock-based compensation	Stock-based compensation — Compensation cost for stock-based awards is measured on the grant date and adjusted over the period of the employees' services to reflect (i) actual forfeitures and (ii) the outcome of awards with performance or service conditions through the requisite service period. The Company recognizes compensation cost for performance-based awards if and when the Company concludes that it is probable that the performance condition will be achieved. Compensation cost for market condition-based awards is determined using a Monte Carlo model to simulate a range of possible future stock prices for the Company's common stock, which is reflected in the grant date fair value. All compensation cost for market-condition based awards in which the service conditions are met is recognized regardless of whether the market condition is satisfied. Compensation costs are recognized ratably over the applicable vesting/service period and recorded in "General and administrative" in the Company's consolidated statements of operations.
Income taxes	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts for income tax purposes, as well as operating loss and tax credit carryforwards. The Company evaluates the realizability of its deferred tax assets and recognizes a valuation allowance if, based on the available evidence, both positive and negative, it is more likely than not that some portion or all of its deferred tax assets will not be realized. When evaluating the realizability of its deferred tax assets, the Company considers, among other matters, estimates of expected future taxable income, nature of current and cumulative losses, existing and projected book/tax differences, tax planning strategies available, and the general and industry specific economic outlook. This realizability analysis is inherently subjective, as it requires the Company to forecast its business and general economic environment in future periods. Based on an assessment of all factors, including historical losses and continued volatility of the activities within the TRS entities, it was determined that full valuation allowances were required on the net deferred tax assets as of December 31, 2015 and 2014 , respectively. Changes in estimates of deferred tax asset realizability, if any, are included in "Income tax (expense) benefit" in the consolidated statements of operations. Income taxes — The Company has elected to be qualified and taxed as a REIT under section 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"). The Company is subject to federal income taxation at corporate rates on its REIT taxable income; the Company, however, is allowed a deduction for the amount of dividends paid to its shareholders, thereby subjecting the distributed net income of the Company to taxation at the shareholder level only. While the Company must distribute at least 90% of its taxable income to maintain its REIT status, the Company typically distributes all of its taxable income, if any, to eliminate any tax on undistributed taxable income. In addition, the Company is allowed several other deductions in computing its REIT taxable income, including non-cash items such as depreciation expense and certain specific reserve amounts that the Company deems to be uncollectable. These deductions allow the Company to reduce its dividend payout requirement under federal tax laws. The Company intends to operate in a manner consistent with, and its election to be treated as, a REIT for tax purposes. The Company made foreclosure elections for certain properties acquired through foreclosure, or an equivalent legal process, which allows the Company to operate these properties within the REIT, but subjects net income from these assets to corporate level tax. The carrying value of assets with foreclosure elections as of December 31, 2015 is $749.2 million . As of December 31, 2014 , the Company had $856 million of REIT net operating loss ("NOL") carryforwards at the corporate REIT level, which can generally be used to offset both ordinary and capital taxable income in future years and will expire through 2034 if unused. The amount of NOL carryforwards as of December 31, 2015 will be subject to finalization of the Company's 2015 tax return. During the year ended December 31, 2015 , the Company did not have REIT taxable income. The Company recognizes interest expense and penalties related to uncertain tax positions, if any, as "Income tax (expense) benefit" in the Company's consolidated statements of operations. The Company may participate in certain activities from which it would be otherwise precluded and maintain its qualification as a REIT. These activities are conducted in entities that elect to be treated as taxable subsidiaries under the Code, subject to certain limitations. As such, the Company, through its taxable REIT subsidiaries ("TRS"), is engaged in various real estate related opportunities, primarily related to managing activities related to certain foreclosed assets, as well as managing various investments in equity affiliates. As of December 31, 2015 , $516.9 million of the Company's assets were owned by TRS entities. The Company's TRS entities are not consolidated for federal income tax purposes and are taxed as corporations. For financial reporting purposes, current and deferred taxes are provided for on the portion of earnings recognized by the Company with respect to its interest in TRS entities.
Earnings per share	Earnings per share — The Company uses the two-class method in calculating earnings per share ("EPS") when it issues securities other than common stock that contractually entitle the holder to participate in dividends and earnings of the Company when, and if, the Company declares dividends on its common stock. Vested HPU shares were entitled to dividends of the Company when dividends are declared. Basic earnings per share ("Basic EPS") for the Company's common stock and HPU shares are computed by dividing net income allocable to common shareholders and HPU holders by the weighted average number of shares of common stock and HPU shares outstanding for the period, respectively. Diluted earnings per share ("Diluted EPS") is calculated similarly, however, it reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, where such exercise or conversion would result in a lower earnings per share amount. Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) are deemed a "Participating Security" and are included in the computation of earnings per share pursuant to the two-class method. The Company's unvested common stock equivalents and restricted stock awards granted under its Long-Term Incentive Plans that are eligible to participate in dividends are considered Participating Securities and have been included in the two-class method when calculating EPS.
New accounting pronouncements	New accounting pronouncements — In September 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-16, Simplifying the Accounting for Measurement-Period Adjustments ("ASU 2015-16") which requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustments are determined. The amendments in ASU 2015-16 require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in ASU 2015-16 also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. The guidance is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been issued. Management does not believe the guidance will have a material impact on the Company's consolidated financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03") which requires debt issuance costs to be presented as a deduction from the carrying value of the related debt obligation in the balance sheet, which is consistent with the presentation of debt discounts. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, which clarified that ASU 2015-03 does not address issuance costs associated with revolving-debt arrangements and that it would be acceptable for an entity deferring such costs to present such costs as an asset and subsequently amortize the costs ratably over the term of the revolving debt arrangement. The guidance is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. Management does not believe the guidance will have a material impact on the Company's consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, Amendments to the Consolidation Analysis ("ASU 2015-02") which updates the consolidation model for limited partnerships and similar legal entities. ASU 2015-02 includes the evaluation of fees paid to a decision maker as a variable interest and amends the effect of fee arrangements and related parties on the primary beneficiary determination. The guidance is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. Management does not believe the guidance will have a material impact on the Company's consolidated financial statements. In November 2014, the FASB issued ASU 2014-16, Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share is More Akin to Debt or to Equity ("ASU 2014-16") which eliminates the diversity in practice for the accounting for hybrid financial instruments issued in the form of a share. ASU 2014-16 requires management to consider all terms and features, whether stated or implied, of a hybrid instrument when determining whether the nature of the instrument is more akin to a debt instrument or an equity instrument. Embedded derivative features, which are accounted for separately from host contracts, should also be considered in the analysis of the hybrid instrument. ASU 2014-16 is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. Management does not believe the guidance will have a material impact on the Company's consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern ("ASU 2014-15") which requires management to evaluate whether there is substantial doubt that the Company is able to continue operating as a going concern within one year after the date the financial statements are issued or available to be issued. If there is substantial doubt, additional disclosure is required, including the principal condition or event that raised the substantial doubt, the Company's evaluation of the condition or event in relation to its ability to meet its obligations and the Company's plan to alleviate (or, which is intended to alleviate) the substantial doubt. ASU 2014-15 is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. Management does not believe the guidance will have a material impact on the Company's consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period ("ASU 2014-12") which requires a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition in accordance with Topic 718, Compensation—Stock Compensation . ASU 2014-12 is effective for interim and annual reporting periods beginning after December 15, 2015. Early adoption is permitted. Management does not believe the guidance will have a material impact on the Company's consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers ("ASU 2014-09") which supersedes existing industry-specific guidance, including ASC 360-20, Real Estate Sales . The new standard is principles-based and requires more estimates and judgment than current guidance. Certain contracts with customers, including lease contracts and financial instruments and other contractual rights, are not within the scope of the new guidance. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers - Deferral of the Effective Date , to defer the effective date of ASU 2014-09 by one year. ASU 2014-09 is now effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted beginning January 1, 2017. Management is evaluating the impact of the guidance on the Company's consolidated financial statements.

Basis of Presentation and Pri33

Basis of Presentation and Principles of Consolidation (Tables)	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of impact of change	The impact of the change is as follows: As Reported Change As Adjusted (1) (in thousands) September 30, 2015 Additional paid-in capital $ 4,023,962 $ (283,193 ) $ 3,740,769 Common stock 147 (63 ) 84 Treasury stock, at cost (283,256 ) 283,256 — Total 3,740,853 — 3,740,853 June 30, 2015 Additional paid-in capital 4,007,937 (263,454 ) 3,744,483 Common stock 146 (61 ) 85 Treasury stock, at cost (263,515 ) 263,515 — Total 3,744,568 — 3,744,568 March 31, 2015 Additional paid-in capital 4,007,540 (263,451 ) 3,744,089 Common stock 146 (61 ) 85 Treasury stock, at cost (263,512 ) 263,512 — Total 3,744,174 — 3,744,174 December 31, 2014 (2) Additional paid-in capital 4,007,514 (262,893 ) 3,744,621 Common stock 146 (61 ) 85 Treasury stock, at cost (262,954 ) 262,954 — Total 3,744,706 — 3,744,706 December 31, 2013 Additional paid-in capital 4,022,138 (262,893 ) 3,759,245 Common stock 144 (61 ) 83 Treasury stock, at cost (262,954 ) 262,954 — Total 3,759,328 — 3,759,328 _______________________________________________________________________________ (1) Common shares repurchased during the respective periods will also be reclassified on the consolidated statements of changes in equity from treasury stock, at cost to common stock and additional paid-in capital in future filings. (2) As of December 31, 2014, the number of common shares issued and outstanding was 85,191 .

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of components of income tax expense (benefit)	The following represents the Company's TRS income tax (expense) benefit ($ in thousands): For the Years Ended December 31, 2015 2014 2013 Current tax (expense) benefit $ (7,639 ) $ (3,912 ) $ 659 Deferred tax (expense) benefit — — — Total income tax (expense) benefit $ (7,639 ) $ (3,912 ) $ 659
Schedule of deferred tax assets and liabilities	Deferred tax assets and liabilities of the Company's TRS entities were as follows ($ in thousands): As of December 31, 2015 2014 Deferred tax assets (1) $ 53,910 $ 54,318 Valuation allowance (53,910 ) (54,318 ) Net deferred tax assets (liabilities) $ — $ — _______________________________________________________________________________ (1) Deferred tax assets as of December 31, 2015 include timing differences related primarily to asset basis of $40.0 million , deferred expenses and other items of $10.7 million and NOL carryforwards of $3.2 million . Deferred tax assets as of December 31, 2014 include timing differences related primarily to asset basis of $45.2 million , deferred expenses and other items of $5.0 million and NOL carryforwards of $4.1 million .

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2015
Real Estate [Abstract]
Schedule of real estate assets	The Company's real estate assets were comprised of the following ($ in thousands): Net Lease Operating Properties Total As of December 31, 2015 Land and land improvements, at cost $ 306,172 $ 133,275 $ 439,447 Buildings and improvements, at cost 1,183,723 427,371 1,611,094 Less: accumulated depreciation (377,416 ) (79,142 ) (456,558 ) Real estate, net 1,112,479 481,504 1,593,983 Real estate available and held for sale (1) — 137,274 137,274 Total real estate $ 1,112,479 $ 618,778 $ 1,731,257 As of December 31, 2014 Land and land improvements, at cost $ 311,890 $ 146,417 $ 458,307 Buildings and improvements, at cost 1,240,593 578,013 1,818,606 Less: accumulated depreciation (364,323 ) (96,159 ) (460,482 ) Real estate, net 1,188,160 628,271 1,816,431 Real estate available and held for sale (1) 4,521 162,782 167,303 Total real estate $ 1,192,681 $ 791,053 $ 1,983,734 _______________________________________________________________________________ (1) As of December 31, 2015 and 2014 the Company had $137.3 million and $155.8 million , respectively, of residential properties available for sale in its operating properties portfolio.
Schedule of acquisitions of real estate	The following acquisitions of real estate were reflected in the Company's consolidated statements of cash flows for the years ended December 31, 2015 , 2014 and 2013 ($ in thousands): For the Years Ended December 31, 2015 2014 (1) 2013 (2) Acquisitions of real estate assets $ — $ 4,666 $ 102,364 _______________________________________________________________________________ (1) During the year ended December 31, 2014, the Company purchased two condominium units for $3.0 million and one land parcel for $1.7 million . (2) During the year ended December 31, 2013, the Company acquired a net lease asset for a purchase price of $93.6 million , including intangible assets of $36.1 million , intangible liabilities of $11.9 million and acquisition-related costs of $0.2 million , which was leased back to the seller. The Company concluded that the transaction was a real estate asset acquisition and capitalized the acquisition-related costs. The intangible assets were included in "Deferred expenses and other assets, net" and the intangible liabilities were included in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. The lease was classified as an operating lease. During the year ended December 31, 2014, the net lease asset was sold to the Net Lease Venture for net proceeds of $93.7 million , which approximated carrying value.
Schedule of pro forma revenues and net income	The following unaudited table summarizes the Company's pro forma revenues and net income for the years ended December 31, 2014 and 2013, as if the acquisition of the properties acquired during the year ended December 31, 2014 was completed on January 1, 2013 ($ in thousands): For the Years Ended 2014 2013 (unaudited) Pro forma total revenues $ 466,327 $ 399,885 Pro forma net income (loss) 15,351 (as revised) (112,355 )
Schedule of income (loss) from discontinued operations	The following table summarizes income (loss) from discontinued operations for the year ended December 31, 2013 ($ in thousands): Revenues $ 5,545 Total expenses (3,138 ) Impairment of assets (1,763 ) Income (loss) from discontinued operations $ 644
Schedule of future minimum rental payments for operating leases	Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2015 , are as follows ($ in thousands): Year Net Lease Assets Operating Properties 2016 $ 121,168 $ 46,438 2017 117,110 46,358 2018 115,158 42,010 2019 113,969 37,990 2020 112,483 34,281 Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands): 2016 $ 5,722 2017 5,210 2018 4,185 2019 3,442 2020 3,442 Thereafter 4,823

Land and Development (Tables)

Land and Development (Tables)	12 Months Ended
	Dec. 31, 2015
Land and Land Improvements [Abstract]
Schedule of land and land improvements	The Company's land and development assets were comprised of the following ($ in thousands): As of December 31, 2015 2014 Land and land improvements, at cost $ 1,007,995 $ 987,329 Less: accumulated depreciation (6,032 ) (8,367 ) Total land and development 1,001,963 978,962

Loans Receivable and Other Le37

Loans Receivable and Other Lending Investments, net (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of the Company's loans and other lending investments by class	The following is a summary of the Company's loans receivable and other lending investments by class ($ in thousands): As of December 31, Type of Investment 2015 2014 Senior mortgages $ 975,915 $ 737,535 Corporate/Partnership loans 643,270 497,796 Subordinate mortgages 28,676 53,331 Total gross carrying value of loans 1,647,861 1,288,662 Reserves for loan losses (108,165 ) (98,490 ) Total loans receivable, net 1,539,696 1,190,172 Other lending investments—securities 62,289 187,671 Total loans receivable and other lending investments, net (1) $ 1,601,985 $ 1,377,843 ______________________________________________________________________________ (1) The Company's recorded investment in loans as of December 31, 2015 and 2014 includes accrued interest of $9.0 million and $7.0 million , respectively, which are included in "Accrued interest and operating lease income receivable, net" on the Company's consolidated balance sheets.
Schedule of changes in the Company's reserve for loan losses	Changes in the Company's reserve for loan losses were as follows ($ in thousands): For the Years Ended December 31, 2015 2014 2013 Reserve for loan losses at beginning of period $ 98,490 $ 377,204 $ 524,499 Provision for (recovery of) loan losses (1) 36,567 (1,714 ) 5,489 Charge-offs (26,892 ) (277,000 ) (152,784 ) Reserve for loan losses at end of period $ 108,165 $ 98,490 $ 377,204 ______________________________________________________________________________ (1) For the years ended December 31, 2015 , 2014 and 2013 , the provision for loan losses includes recoveries of previously recorded loan loss reserves of $0.6 million , $10.1 million and $63.1 million , respectively.
Schedule of recorded investment in loans and associated reserve for loan losses	The Company's recorded investment in loans (comprised of a loan's carrying value plus accrued interest) and the associated reserve for loan losses were as follows ($ in thousands): Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment (2) Total As of December 31, 2015 Loans $ 132,492 $ 1,524,347 $ 1,656,839 Less: Reserve for loan losses (72,165 ) (36,000 ) (108,165 ) Total $ 60,327 $ 1,488,347 $ 1,548,674 As of December 31, 2014 Loans $ 139,672 $ 1,156,031 $ 1,295,703 Less: Reserve for loan losses (64,990 ) (33,500 ) (98,490 ) Total $ 74,682 $ 1,122,531 $ 1,197,213 _______________________________________________________________________________ (1) The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs totaling net discounts of $0.2 million and $0.2 million as of December 31, 2015 and 2014 , respectively. The Company's loans individually evaluated for impairment primarily represent loans on non-accrual status and therefore, the unamortized amounts associated with these loans are not currently being amortized into income. (2) The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs totaling net discounts of $8.2 million and $10.6 million as of December 31, 2015 and 2014 , respectively.
Schedule of investment in performing loans, presented by class and by credit quality, as indicated by risk rating	The Company's recorded investment in performing loans, presented by class and by credit quality, as indicated by risk rating, was as follows ($ in thousands): As of December 31, 2015 2014 Performing Loans Weighted Average Risk Ratings Performing Loans Weighted Average Risk Ratings Senior mortgages $ 853,595 2.96 $ 611,009 2.73 Corporate/Partnership loans 641,713 3.37 501,620 3.88 Subordinate mortgages 29,039 3.64 53,836 2.87 Total $ 1,524,347 3.15 $ 1,166,465 3.23
Schedule of recorded investment in loans, aged by payment status and presented by class	As of December 31, 2015 , the Company's recorded investment in loans, aged by payment status and presented by class, were as follows ($ in thousands): Current Less Than and Equal to 90 Days Greater Than 90 Days (1) Total Past Due Total Senior mortgages $ 864,099 $ — $ 116,250 $ 116,250 $ 980,349 Corporate/Partnership loans 647,451 — — — 647,451 Subordinate mortgages 29,039 — — — 29,039 Total $ 1,540,589 $ — $ 116,250 $ 116,250 $ 1,656,839 _______________________________________________________________________________ (1) As of December 31, 2015 , the Company had four loans which were greater than 90 days delinquent and were in various stages of resolution, including legal proceedings, environmental concerns and foreclosure-related proceedings, and ranged from 1.0 to 7.0 years outstanding.
Schedule of recorded investment in impaired loans, presented by class	The Company's recorded investment in impaired loans, presented by class, were as follows ($ in thousands) (1) : As of December 31, 2015 As of December 31, 2014 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With an allowance recorded: Senior mortgages $ 126,754 $ 125,776 $ (69,627 ) $ 130,645 $ 129,744 $ (64,440 ) Corporate/Partnership loans 5,738 5,738 (2,538 ) 9,027 9,057 (550 ) Total $ 132,492 $ 131,514 $ (72,165 ) $ 139,672 $ 138,801 $ (64,990 ) _______________________________________________________________________________ (1) All of the Company's non-accrual loans are considered impaired and included in the table above. As of December 31, 2014 , impaired loans also includes certain loans modified through troubled debt restructurings in accordance with GAAP with a recorded investment of $10.4 million although they are performing and on accrual status.
Schedule of average recorded investment in impaired loans and interest income recognized, presented by class	The Company's average recorded investment in impaired loans and interest income recognized, presented by class, were as follows ($ in thousands): For the Years Ended December 31, 2015 2014 2013 Average Interest Average Interest Average Recorded Investment Interest Income Recognized With no related allowance recorded: Senior mortgages $ — $ — $ 35,659 $ 1,922 $ 31,409 $ 9,269 Corporate/Partnership loans — — — — 8,062 6,050 Subtotal — — 35,659 1,922 39,471 15,319 With an allowance recorded: Senior mortgages 129,135 38 334,351 158 794,247 1,976 Corporate/Partnership loans 24,252 12 52,963 181 77,661 323 Subordinate mortgages — — — — 32,382 — Subtotal 153,387 50 387,314 339 904,290 2,299 Total: Senior mortgages 129,135 38 370,010 2,080 825,656 11,245 Corporate/Partnership loans 24,252 12 52,963 181 85,723 6,373 Subordinate mortgages — — — — 32,382 — Total $ 153,387 $ 50 $ 422,973 $ 2,261 $ 943,761 $ 17,618
Schedule of other lending investments - securities	Other lending investments—securities includes the following ($ in thousands): Face Value Amortized Cost Basis Net Unrealized Gain (Loss) Estimated Fair Value Net Carrying Value As of December 31, 2015 Available-for-Sale Securities Municipal debt securities $ 1,010 $ 1,010 $ 151 $ 1,161 $ 1,161 Held-to-Maturity Securities Corporate debt securities 54,549 61,128 — 61,199 61,128 Total $ 55,559 $ 62,138 $ 151 $ 62,360 $ 62,289 As of December 31, 2014 Available-for-Sale Securities Municipal debt securities $ 1,020 $ 1,020 $ 147 $ 1,167 $ 1,167 Held-to-Maturity Securities Corporate debt securities 176,254 186,504 — 190,199 186,504 Total $ 177,274 $ 187,524 $ 147 $ 191,366 $ 187,671
Schedule of contractual maturities of the Company's securities	As of December 31, 2015 , the contractual maturities of the Company's securities were as follows ($ in thousands): Held-to-Maturity Securities Available-for-Sale Securities Amortized Cost Basis Estimated Fair Value Amortized Cost Basis Estimated Fair Value Maturities Within one year $ 61,128 $ 61,199 $ — $ — After one year through 5 years — — — — After 5 years through 10 years — — — — After 10 years — — 1,010 1,161 Total $ 61,128 $ 61,199 $ 1,010 $ 1,161

Other Investments (Tables)

Other Investments (Tables)	12 Months Ended
	Dec. 31, 2015
Investment [Line Items]
Schedule of other investments and its proportionate share of results for equity method investments	The Company's other investments and its proportionate share of earnings (losses) from equity method investments were as follows ($ in thousands): Carrying Value Equity in Earnings (Losses) As of December 31, For the Years Ended December 31, 2015 2014 2015 2014 2013 Other real estate equity investments (1) $ 81,452 $ 88,848 $ (5,212 ) $ 36,842 $ 2,869 iStar Net Lease I LLC ("Net Lease Venture") 69,096 125,360 5,221 1,915 — Other investments (2)(3) 51,559 63,263 9,434 38,385 23,810 Marina Palms, LLC ("Marina Palms") 30,099 30,677 23,626 14,671 45 Madison Funds 21,966 45,971 (916 ) 3,092 14,796 Total other investments 254,172 354,119 $ 32,153 $ 94,905 $ 41,520 _______________________________________________________________________________ (1) For the year ended December 31, 2014 , the Company recognized $32.9 million of earnings from equity method investments resulting from asset sales by one of its equity method investees. (2) During the year ended December 31, 2014 , the Company recognized $23.4 million of earnings from equity method investments resulting from asset sales and a legal settlement by one of its equity method investees. (3) In conjunction with the sale of the Company's interests in Oak Hill Advisors, L.P. in 2011, the Company retained a share of the carried interest related to various funds. During the years ended December 31, 2015 and 2014 , the Company recognized $2.2 million and $9.0 million of carried interest income.
Summary of financial information of the equity method investments	The following tables present the investee level summarized financial information of the Company's equity method investments ($ in thousands): Revenues Expenses Net Income Attributable to Parent Entities For the Year Ended December 31, 2015 Marina Palms, LLC ("Marina Palms") $ 179,333 $ (115,584 ) $ 63,749 iStar Net Lease I LLC ("Net Lease Venture") 31,315 (20,666 ) 10,060 OHASCF 111,707 (697 ) 111,010 1000 SCI, LLC — (367 ) (367 ) Outlets at Westgate, LLC ("Westgate") 15,726 (11,150 ) 4,576 Other investments 143,143 (97,504 ) 45,501 Total $ 481,224 $ (245,968 ) $ 234,529 For the Year Ended December 31, 2014 Marina Palms $ 114,125 $ (77,120 ) $ 37,005 Net Lease Venture (1) 13,826 (9,917 ) 3,691 OHASCF 78,262 (951 ) 77,311 Westgate 13,118 (9,618 ) 3,500 Other investments 406,708 (87,997 ) 318,703 Total $ 626,039 $ (185,603 ) $ 440,210 For the Year Ended December 31, 2013 OHASCF $ 72,313 $ (1,642 ) $ 70,671 Westgate 12,447 (8,889 ) 3,558 Marina Palms (2) 73 (3,525 ) (3,452 ) Other investments 199,680 (63,577 ) 135,421 Total $ 284,513 $ (77,633 ) $ 206,198 _______________________________________________________________________________ (1) The Company began accounting for its investment in Net Lease Venture under the equity method of accounting on February 13, 2014. The amounts in the Company's financial statements for the year ended December 31, 2014 are based on the balances and results from Net Lease Venture for the period from February 13, 2014 to December 31, 2014 . (2) The Company began accounting for its investment in Marina Palms under the equity method of accounting on April 17, 2013. The amounts in the Company's financial statements for the year ended December 31, 2013 are based on the balances and results from Marina Palms for the period from April 17, 2013 to December 31, 2013 . As of December 31, 2015 2014 Balance Sheets Total assets $ 3,597,587 $ 3,464,984 Total liabilities 768,622 479,298 Noncontrolling interests 19,208 3,297 Total equity 2,809,757 2,982,389
LNR Property LLC
Investment [Line Items]
Schedule of other investments and its proportionate share of results for equity method investments	The following table reconciles the activity related to the Company's investment in LNR for the three months ended March 31, 2013 and June 30, 2013, the six months ended December 31, 2013 and the year ended December 31, 2013 ($ in thousands): For the Three Months Ended March 31, 2013 For the Three Months Ended June 30, 2013 For the Six Months Ended December 31, 2013 For the Year Ended December 31, 2013 Carrying value of LNR at beginning of period $ 205,773 $ 220,281 $ — $ 205,773 Equity in earnings of LNR for the period (1) 45,375 — — 45,375 (a) Balance before other than temporary impairment 251,148 220,281 — 251,148 Other than temporary impairment (1) (30,867 ) — — (30,867 ) (b) Sales proceeds pursuant to contract — (220,281 ) — (220,281 ) Carrying value of LNR at end of period 220,281 — — — _______________________________________________________________________________ (1) During the year ended December 31, 2013 , the Company recorded an other than temporary impairment of $30.9 million . Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR pursuant to the definitive sale agreement as described above.
Summary of financial information of the equity method investments	The following table represents investee level summarized financial information for LNR ($ in thousands) (1) : For the Period from October 1, 2012 to April 19, 2013 For the Year Ended September 30, 2012 Income Statements Total revenue (2) $ 179,373 $ 332,902 Income tax (expense) benefit (2,137 ) (6,731 ) Net income attributable to LNR (3) 113,478 253,039 iStar's ownership percentage 24 % 24 % iStar's equity in earnings from LNR $ 45,375 $ 60,669 For the Period from October 1, 2012 to April 19, 2013 For the Year Ended September 30, 2012 Cash Flows Operating cash flows $ (127,075 ) $ (85,909 ) Cash flows from investing activities (36,543 ) (55,686 ) Cash flows from financing activities 217,241 229,634 Net cash flows 53,623 88,039 Cash distributions — 61,179 iStar's ownership percentage 24 % 24 % Cash distributions received by iStar $ — $ 14,690 _______________________________________________________________________________ (1) The Company recorded its investment in LNR, which was sold in April 2013, on a one quarter lag. Therefore, the amounts in the Company's financial statements for the year ended December 31, 2013 was based on balances and results from LNR for the period from October 1, 2012 to April 19, 2013. The amounts in the Company's financial statements for the year ended December 31, 2012 are based on the balances and results from LNR for the year ended September 30, 2012. (2) LNR consolidates certain commercial mortgage-backed securities and collateralized debt obligation trusts that are considered VIEs (and for which it is the primary beneficiary), that have been included in the amounts presented above. Total revenue presented above includes $55.5 million and $95.4 million for the period from October 1, 2012 to April 19, 2013 and for the year ended September 30, 2012, respectively, of servicing fee revenue that is eliminated upon consolidation of the VIE's at the LNR level. This income is then added back through consolidation at the LNR level as an adjustment to income allocable to noncontrolling entities and has no net impact on net income attributable to LNR. (3) Subsequent to the sale of the Company's interest in LNR, LNR reported a reduction in their earnings of $66.2 million related to a purchase price allocation adjustment. The reduction was reflected in LNR's operations for the three months ended March 31, 2013, which resulted in a net loss for the period. Because the Company recorded its investment in LNR on a one quarter lag, the adjustment was reflected in the quarter ended June 30, 2013. There was no net impact on the Company's previously reported equity in earnings as the Company limited its proportionate share of earnings from LNR pursuant to the definitive sale agreement as described above.

Other Assets and Other Liabil39

Other Assets and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Other Assets and Other Liabilities [Abstract]
Schedule of deferred expenses and other assets, net	Deferred expenses and other assets, net, consist of the following items ($ in thousands): As of December 31, 2015 2014 Intangible assets, net (1) $ 71,446 $ 50,088 Other assets (2) 35,464 37,085 Restricted cash 26,657 19,283 Deferred financing fees, net (3) 26,635 36,774 Other receivables 22,557 13,115 Leasing costs, net (4) 19,393 20,031 Corporate furniture, fixtures and equipment, net (5) 4,405 5,409 Deferred expenses and other assets, net $ 206,557 $ 181,785 _______________________________________________________________________________ (1) Intangible assets, net are primarily related to the acquisition of real estate assets. This balance also includes a lease incentive asset of $38.1 million (refer to Note 4). Accumulated amortization on intangible assets was $37.3 million and $45.1 million as of December 31, 2015 and 2014 , respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $6.7 million , $8.6 million and $7.2 million for the years ended December 31, 2015 , 2014 , and 2013 , respectively. These intangible lease assets are amortized over the term of the lease. The amortization expense for other intangible assets was $3.6 million , $6.7 million and $8.2 million for the years ended December 31, 2015 , 2014 , and 2013 , respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations. (2) Includes a $7.0 million receivable in connection with the sale of a land parcel in December 2015. (3) Accumulated amortization on deferred financing fees was $27.8 million and $15.4 million as of December 31, 2015 and 2014 , respectively. (4) Accumulated amortization on leasing costs was $9.8 million and $9.0 million as of December 31, 2015 and 2014 , respectively. (5) Accumulated depreciation on corporate furniture, fixtures and equipment was $8.1 million and $7.1 million as of December 31, 2015 and 2014 , respectively.
Schedule of accounts payable, accrued expenses and other liabilities	Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands): As of December 31, 2015 2014 Accrued expenses (1) $ 68,937 $ 62,866 Other liabilities (2) 80,332 48,256 Accrued interest payable 55,081 57,895 Intangible liabilities, net (3) 10,485 11,885 Accounts payable, accrued expenses and other liabilities (4) $ 214,835 $ 180,902 _______________________________________________________________________________ (1) As of December 31, 2015 and 2014, accrued expenses includes $5.3 million and $2.7 million , respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets. (2) As of December 31, 2015 and 2014, "Other liabilities" includes $14.5 million and $6.8 million , respectively, related to a profit sharing payable to a developer for residential units sold and $4.4 million and $0.9 million , respectively, associated with "Real estate available and held for sale" on the Company's consolidated balance sheets. As of December 31, 2015 and 2014, "Other liabilities" also includes $6.6 million and $7.7 million , respectively related to tax increment financing bonds which were issued by a governmental entity to fund the installation of infrastructure within one of the Company's master planned community developments. The balance represents a special assessment associated with each individual land parcel, which will decrease as the Company sells parcels. As of December 31, 2015, includes $0.9 million related to share repurchases that settled in January 2016. As of December 31, 2015, includes $6.0 million of deferred net revenue in connection with the sale of a land and development asset (refer to Note 5). (3) Intangible liabilities, net are primarily related to the acquisition of real estate assets. Accumulated amortization on intangible liabilities was $6.6 million and $6.2 million as of December 31, 2015 and 2014 , respectively. The amortization of intangible liabilities increased operating lease income in the Company's consolidated statements of operations by $1.5 million , $2.5 million and $2.8 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. (4) As of December 31, 2015 and 2014, includes $26.2 million and $15.2 million , respectively, of capital expenditures that have not yet been paid in cash.
Schedule of expense from the amortization of lease intangible assets and liabilities	The estimated expense from the amortization of lease intangible assets for each of the five succeeding fiscal years is as follows ($ in thousands): 2016 $ 3,312 2017 3,127 2018 2,834 2019 2,768 2020 2,706

Debt Obligations, net (Tables)

Debt Obligations, net (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of debt obligations	As of December 31, 2015 and 2014 , the Company's debt obligations were as follows ($ in thousands): Carrying Value as of December 31, Stated Interest Rates Scheduled Maturity Date 2015 2014 Secured credit facilities and term loans: 2012 Tranche A-2 Facility $ 339,717 $ 358,504 LIBOR + 5.75% (1) March 2017 2015 Revolving Credit Facility 250,000 — Various (2) March 2018 Term loans collateralized by net lease assets 239,547 248,955 4.85% - 7.26% (3) Various through 2026 Total secured credit facilities and term loans 829,264 607,459 Unsecured notes: 6.05% senior notes — 105,765 6.05 % — 5.875% senior notes 261,403 261,403 5.875 % March 2016 3.875% senior notes 265,000 265,000 3.875 % July 2016 3.00% senior convertible notes (4) 200,000 200,000 3.00 % November 2016 1.50% senior convertible notes (5) 200,000 200,000 1.50 % November 2016 5.85% senior notes 99,722 99,722 5.85 % March 2017 9.00% senior notes 275,000 275,000 9.00 % June 2017 4.00% senior notes 550,000 550,000 4.00 % November 2017 7.125% senior notes 300,000 300,000 7.125 % February 2018 4.875% senior notes 300,000 300,000 4.875 % July 2018 5.00% senior notes 770,000 770,000 5.00 % July 2019 Total unsecured notes 3,221,125 3,326,890 Other debt obligations: Other debt obligations 100,000 100,000 LIBOR + 1.50% October 2035 Total debt obligations 4,150,389 4,034,349 Debt discounts, net (6,706 ) (11,665 ) Total debt obligations, net (6) $ 4,143,683 $ 4,022,684 _______________________________________________________________________________ (1) The loan has a LIBOR floor of 1.25% . As of December 31, 2015 , inclusive of the floor, the 2012 Tranche A-2 Facility loan incurred interest at a rate of 7.00% . (2) The loan bears interest at the Company's election of either (i) a base rate, which is the greater of (a) prime, (b) federal funds plus 0.5% or (c) LIBOR plus 1.00% and subject to a margin ranging from 1.25% to 1.75% , or (ii) LIBOR subject to a margin ranging from 2.25% to 2.75% . At maturity, the Company may convert outstanding borrowings to a one year term loan which matures in quarterly installments through March 2019. (3) As of December 31, 2015 and 2014 , includes a loan with a floating rate of LIBOR plus 2.00% . As of December 31, 2015 , the weighted average interest rate of these loans is 5.3% . (4) The Company's 3.00% senior convertible fixed rate notes due November 2016 (" 3.00% Convertible Notes") are convertible at the option of the holders, into 85.0 shares per $1,000 principal amount of 3.00% Convertible Notes, at $11.77 per share at any time prior to the close of business on November 14, 2016. (5) The Company's 1.50% senior convertible fixed rate notes due November 2016 (" 1.50% Convertible Notes") are convertible at the option of the holders, into 57.8 shares per $1,000 principal amount of 1.50% Convertible Notes, at $17.29 per share at any time prior to the close of business on November 14, 2016. (6) The Company capitalized interest relating to development activities of $5.3 million , $4.9 million and $2.6 million for the years ended December 31, 2015 2014 and 2013 , respectively.
Schedule of future scheduled maturities of outstanding long-term debt obligations, net	As of December 31, 2015 , future scheduled maturities of outstanding debt obligations are as follows ($ in thousands): Unsecured Debt Secured Debt Total 2016 $ 926,403 $ — $ 926,403 2017 924,722 339,717 1,264,439 2018 600,000 263,290 863,290 2019 770,000 30,795 800,795 2020 — — — Thereafter 100,000 195,462 295,462 Total principal maturities 3,321,125 829,264 4,150,389 Debt discounts, net (5,522 ) (1,184 ) (6,706 ) Total debt obligations, net $ 3,315,603 $ 828,080 $ 4,143,683
Schedule of carrying value of encumbered assets by asset type	As of December 31, 2015 and 2014 , the carrying value of the Company's encumbered and unencumbered assets by asset type are as follows ($ in thousands): As of December 31, 2015 2014 Encumbered Assets Unencumbered Assets Encumbered Assets Unencumbered Assets Real estate, net $ 816,721 $ 777,262 $ 602,471 $ 1,213,960 Real estate available and held for sale 10,593 126,681 10,496 156,807 Land and development 17,714 984,249 17,907 961,055 Loans receivable and other lending investments, net (1)(2) 170,162 1,314,823 46,515 1,364,828 Other investments 22,352 231,820 17,708 336,411 Cash and other assets — 1,033,515 — 768,475 Total $ 1,037,542 $ 4,468,350 $ 695,097 $ 4,801,536 _______________________________________________________________________________ (1) As of December 31, 2015 and 2014 , the amounts presented exclude general reserves for loan losses of $36.0 million and $33.5 million , respectively. (2) As of December 31, 2015, the amount presented excludes loan participations of $153.0 million .

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of unfunded commitments	As of December 31, 2015 , the maximum amount of fundings the Company may be required to make under each category, assuming all performance hurdles and milestones are met under the Performance-Based Commitments, that it approves all Discretionary Fundings and that 100% of its capital committed to Strategic Investments is drawn down, are as follows ($ in thousands): Loans and Other Lending Investments Real Estate Other Investments Total Performance-Based Commitments $ 689,014 $ 15,626 $ 23,360 $ 728,000 Strategic Investments — — 45,940 45,940 Discretionary Fundings 5,000 — — 5,000 Total $ 694,014 $ 15,626 $ 69,300 $ 778,940
Schedule of future minimum rental payments for operating leases	Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2015 , are as follows ($ in thousands): Year Net Lease Assets Operating Properties 2016 $ 121,168 $ 46,438 2017 117,110 46,358 2018 115,158 42,010 2019 113,969 37,990 2020 112,483 34,281 Future minimum lease obligations under non-cancelable operating leases are as follows ($ in thousands): 2016 $ 5,722 2017 5,210 2018 4,185 2019 3,442 2020 3,442 Thereafter 4,823

Risk Management and Derivativ42

Risk Management and Derivatives (Tables)	12 Months Ended
	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of fair value of derivative financial instruments as well as their classification on Consolidated Balance Sheets	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2015 and 2014 ($ in thousands): Derivative Assets as of December 31, Derivative Liabilities as of December 31, 2015 2014 2015 2014 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives Designated in Hedging Relationships Foreign exchange contracts Other Assets $ 39 N/A $ — N/A $ — Other Liabilities $ 478 Interest rate swaps N/A — Other Assets 52 Other Liabilities 131 N/A — Total $ 39 $ 52 $ 131 $ 478 Derivatives not Designated in Hedging Relationships Foreign exchange contracts Other Assets $ 378 Other Assets $ 1,534 N/A $ — N/A $ — Interest rate cap Other Assets 1,105 Other Assets 4,775 N/A — N/A — Total $ 1,483 $ 6,309 $ — $ —
Schedule of derivative financial instruments on Consolidated Statements of Operations	The tables below present the effect of the Company's derivative financial instruments in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) for the years ended December 31, 2015 , 2014 and 2013 ($ in thousands): Derivatives Designated in Hedging Relationships Location of Gain (Loss) Recognized in Income Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion) Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Ineffective Portion) For the Year Ended December 31, 2015 Interest rate cap Interest Expense $ — $ (626 ) N/A Interest rate cap Earnings from equity investments (13 ) (1 ) N/A Interest rate swaps Interest Expense (537 ) 170 N/A Interest rate swaps Earnings from equity investments (528 ) (464 ) N/A Foreign exchange contracts Earnings from equity investments (124 ) — N/A For the Year Ended December 31, 2014 Interest rate cap Interest Expense — (56 ) N/A Interest rate cap Other Expense (2,984 ) — (3,634 ) Interest rate cap Earnings from equity method investments (9 ) — N/A Interest rate swaps Interest Expense (970 ) (6 ) N/A Interest rate swap Earnings from equity method investments (753 ) (420 ) N/A Foreign exchange contracts Earnings from equity method investments (471 ) — N/A For the Year Ended December 31, 2013 Interest rate cap Interest Expense (1,517 ) — N/A Interest rate swap Interest Expense 869 (310 ) N/A Foreign exchange contracts Earnings from equity method investments 393 — N/A Amount of Gain or (Loss) Recognized in Income Location of Gain or (Loss) Recognized in Income For the Years Ended December 31, Derivatives not Designated in Hedging Relationships 2015 2014 2013 Interest rate cap Other Expense $ (3,671 ) $ (1,347 ) $ — Foreign exchange contracts Other Expense 2,403 7,257 880
Foreign exchange contracts | Designated as hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of notional amounts of outstanding derivative positions	As of December 31, 2015 , the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were designated (Rs and $ in thousands): Derivative Type Notional Amount Notional (USD Equivalent) Maturity Sells INR/Buys USD Forward ₨ 456,000 $ 6,553 December 2016
Foreign exchange contracts | Not designated as hedge
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of notional amounts of outstanding derivative positions	As of December 31, 2015 , the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were not designated ($, €, and £ in thousands): Derivative Type Notional Amount Notional (USD Equivalent) Maturity Sells euro ("EUR")/Buys USD Forward € 5,700 $ 6,439 January 2016 Sells pound sterling ("GBP")/Buys USD Forward £ 3,000 $ 4,557 January 2016
Interest rate cap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of notional amounts of outstanding derivative positions	As of December 31, 2015 , the Company had the following outstanding interest rate cap that was used to hedge its variable rate debt that was not designated ($ in thousands): Derivative Type Notional Amount Variable Rate Fixed Rate Effective Date Maturity Interest rate cap $ 500,000 LIBOR 1.00% July 2014 July 2017
Interest rate swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of notional amounts of outstanding derivative positions	As of December 31, 2015 , the Company had the following outstanding interest rate swap that was used to hedge its variable rate debt that was designated ($ in thousands): Derivative Type Notional Amount Variable Rate Fixed Rate Effective Date Maturity Interest rate swap $ 26,935 LIBOR + 2.00% 3.47% October 2012 November 2019

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Schedule of cumulative redeemable and convertible perpetual preferred stock outstanding	Preferred Stock —The Company had the following series of Cumulative Redeemable and Convertible Perpetual Preferred Stock outstanding as of December 31, 2015 and 2014 : Cumulative Preferential Cash Dividends (1)(2) Series Shares Issued and Outstanding (in thousands) Par Value Liquidation Preference Rate per Annum Equivalent to Fixed Annual Rate (per share) D 4,000 $ 0.001 $ 25.00 8.00 % $ 2.00 E 5,600 0.001 25.00 7.875 % 1.97 F 4,000 0.001 25.00 7.80 % 1.95 G 3,200 0.001 25.00 7.65 % 1.91 I 5,000 0.001 25.00 7.50 % 1.88 J (3) 4,000 0.001 50.00 4.50 % 2.25 25,800 _______________________________________________________________________________ (1) Holders of shares of the Series D, E, F, G, I and J preferred stock are entitled to receive dividends, when and as declared by the Company's Board of Directors, out of funds legally available for the payment of dividends. Dividends are cumulative from the date of original issue and are payable quarterly in arrears on or before the 15th day of each March, June, September and December or, if not a business day, the next succeeding business day. Any dividend payable on the preferred stock for any partial dividend period will be computed on the basis of a 360 -day year consisting of twelve 30 -day months. Dividends will be payable to holders of record as of the close of business on the first day of the calendar month in which the applicable dividend payment date falls or on another date designated by the Company's Board of Directors for the payment of dividends that is not more than 30 nor less than 10 days prior to the dividend payment date. (2) The Company declared and paid dividends of $8.0 million , $11.0 million , $7.8 million , $6.1 million and $9.4 million on its Series D, E, F, G and I Cumulative Redeemable Preferred Stock during the years ended December 31, 2015 and 2014 . The Company declared and paid dividends of $9.0 million on its Series J Convertible Perpetual Preferred Stock during the years ended December 31, 2015 and 2014 , respectively. All of the dividends qualified as return of capital for tax reporting purposes. There are no dividend arrearages on any of the preferred shares currently outstanding.
Accumulated other comprehensive income (loss) reflected in the Company's shareholders' equity	Accumulated Other Comprehensive Income (Loss) —"Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands): As of December 31, 2015 2014 Unrealized gains (losses) on available-for-sale securities $ (125 ) $ 2,983 Unrealized gains (losses) on cash flow hedges (690 ) (409 ) Unrealized losses on cumulative translation adjustment (4,036 ) (3,545 ) Accumulated other comprehensive income (loss) $ (4,851 ) $ (971 )

Stock-Based Compensation Plan44

Stock-Based Compensation Plans and Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of changes in non-vested restricted stock units	Changes in non-vested restricted stock units ("Units") during the year ended December 31, 2015 were as follows (number of shares and $ in thousands, except per share amounts): Number of Shares Weighted Average Grant Date Fair Value Per Share Aggregate Intrinsic Value Non-vested as of December 31, 2014 320 $ 12.57 $ 4,367 Granted 119 $ 13.65 Vested (7 ) $ 8.53 Forfeited (6 ) $ 14.66 Non-vested as of December 31, 2015 426 $ 12.90 $ 4,991

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations	The following table presents a reconciliation of income (loss) from continuing operations used in the basic and diluted EPS calculations ($ in thousands, except for per share data): For the Years Ended December 31, 2015 2014 2013 Income (loss) from continuing operations $ (99,973 ) $ (74,178 ) $ (220,768 ) Income from sales of real estate 93,816 89,943 86,658 Net (income) loss attributable to noncontrolling interests 3,722 704 (718 ) Preferred dividends (51,320 ) (51,320 ) (49,020 ) Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders, HPU holders and Participating Security Holders for basic earnings per common share $ (53,755 ) $ (34,851 ) $ (183,848 )
Schedule of earnings per share allocable to common shares and HPU shares	For the Years Ended December 31, 2015 2014 2013 Earnings allocable to common shares: Numerator for basic and diluted earnings per share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ (52,675 ) $ (33,722 ) $ (177,907 ) Income (loss) from discontinued operations — — 623 Gain from discontinued operations — — 21,515 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ (52,675 ) $ (33,722 ) $ (155,769 ) Denominator for basic and diluted earnings per share: Weighted average common shares outstanding for basic and diluted earnings per common share 84,987 85,031 84,990 Basic and diluted earnings per common share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ (0.62 ) $ (0.40 ) $ (2.09 ) Income (loss) from discontinued operations — — 0.01 Gain from discontinued operations — — 0.25 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ (0.62 ) $ (0.40 ) $ (1.83 ) For the Years Ended December 31, 2015 2014 2013 Earnings allocable to HPUs (1) : Numerator for basic and diluted earnings per HPU share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders $ (1,080 ) $ (1,129 ) $ (5,941 ) Income (loss) from discontinued operations — — 21 Gain from discontinued operations — — 718 Net income (loss) attributable to iStar Inc. and allocable to HPU holders $ (1,080 ) $ (1,129 ) $ (5,202 ) Denominator for basic and diluted earnings per HPU share: Weighted average HPUs outstanding for basic and diluted earnings per share 9 15 15 Basic and diluted earnings per HPU share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders $ (120.00 ) $ (75.27 ) $ (396.07 ) Income (loss) from discontinued operations — — 1.40 Gain from discontinued operations — — 47.87 Net income (loss) attributable to iStar Inc. and allocable to HPU holders $ (120.00 ) $ (75.27 ) $ (346.80 ) _______________________________________________________________________________ (1) All of the Company's outstanding HPUs were repurchased and retired on August 13, 2015 (refer to Note 13).
Schedule of anti-dilutive shares	For the years ended December 31, 2015 , 2014 and 2013 , the following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands): For the Years Ended December 31, 2015 (1) 2014 (1) 2013 (1) Joint venture shares 298 298 298 3.00% convertible senior unsecured notes 16,992 16,992 16,992 Series J convertible perpetual preferred stock 15,635 15,635 15,635 1.50% convertible senior unsecured notes 11,567 11,567 11,567 _______________________________________________________________________________ (1) For the years ended December 31, 2015 , 2014 and 2013 , the effect of the Company's unvested Units, performance-based Units and CSEs were anti-dilutive.

Fair Values (Tables)

Fair Values (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities recorded at fair value on a recurring and non-recurring basis	The following fair value hierarchy table summarizes the Company's assets and liabilities recorded at fair value on a recurring and non-recurring basis by the above categories ($ in thousands): Fair Value Using Total Quoted market prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) As of December 31, 2015 Recurring basis: Derivative assets (1) $ 1,522 $ — $ 1,522 $ — Derivative liabilities (1) 131 — 131 — Available-for-sale securities (1) 1,161 — — 1,161 Non-recurring basis: Impaired loans (2) 3,200 — — 3,200 As of December 31, 2014 Recurring basis: Derivative assets (1) $ 6,361 $ — $ 6,361 $ — Derivative liabilities (1) 478 — 478 — Available-for-sale securities (1) 7,906 7,906 — — Non-recurring basis: Impaired loans (3) 37,169 — — 37,169 Impaired real estate (4) 7,102 — — 7,102 _______________________________________________________________________________ (1) The fair value of the Company's derivatives and available-for-sale securities are based upon third-party broker quotes. (2) The Company recorded a provision for loan losses on one loan with a fair value of $3.2 million based on a discounted cash flow analysis. (3) The Company recorded a recovery of loan losses on one loan with a fair value of $8.5 million based on the loan's remaining term of 1.5 years and interest rate of 4.7% using discounted cash flow analysis. The Company also recorded a provision for loan losses on one loan with a fair value of $5.2 million based on an appraisal. In addition, the Company recorded a provision for loan losses on one loan, collateralized by a land asset, with a fair value of $23.5 million based upon a foreclosure sale agreement. The land asset was acquired by an unconsolidated entity in which the Company is a partner. (4) The Company recorded impairment on one real estate asset with a fair value of $7.1 million based on a discount rate of 15.0% using discounted cash flows over a 10 year lease term.

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of financial measures for each segment based on which performance is evaluated	The Company evaluates performance based on the following financial measures for each segment. The Company's segment information is as follows ($ in thousands): Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2015 Operating lease income $ — $ 151,481 $ 77,454 $ 785 $ — $ 229,720 Interest income 134,687 — — — — 134,687 Other income 9,737 357 34,637 1,219 3,981 49,931 Land development revenue — — — 100,216 — 100,216 Earnings (loss) from equity method investments — 5,221 1,663 16,683 8,586 32,153 Income from sales of real estate — 40,082 53,734 — — 93,816 Total revenue and other earnings 144,424 197,141 167,488 118,903 12,567 640,523 Real estate expense — (21,855 ) (95,888 ) (29,007 ) — (146,750 ) Land development cost of sales — — — (67,382 ) — (67,382 ) Other expense (2,291 ) — — — (4,083 ) (6,374 ) Allocated interest expense (57,109 ) (66,504 ) (28,014 ) (32,087 ) (40,925 ) (224,639 ) Allocated general and administrative (2) (13,128 ) (15,569 ) (6,988 ) (11,488 ) (22,091 ) (69,264 ) Segment profit (loss) (3) $ 71,896 $ 93,213 $ 36,598 $ (21,061 ) $ (54,532 ) $ 126,114 Other significant non-cash items: Provision for loan losses $ 36,567 $ — $ — $ — $ — $ 36,567 Impairment of assets — — 5,935 4,589 — 10,524 Depreciation and amortization — 38,138 24,548 1,422 1,139 65,247 Capitalized expenditures — 4,195 84,103 94,971 — 183,269 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2014: Operating lease income $ — $ 151,934 $ 90,331 $ 835 $ — $ 243,100 Interest income 122,704 — — — — 122,704 Other income 21,217 4,437 42,000 3,327 10,052 81,033 Land development revenue — — — 15,191 — 15,191 Earnings (loss) from equity method investments — 3,260 1,669 14,966 75,010 94,905 Income from sales of real estate — 6,206 83,737 — — 89,943 Total revenue and other earnings 143,921 165,837 217,737 34,319 85,062 646,876 Real estate expense — (22,967 ) (113,504 ) (26,918 ) — (163,389 ) Land development cost of sales — — — (12,840 ) — (12,840 ) Other expense (243 ) — — — (6,097 ) (6,340 ) Allocated interest expense (58,043 ) (72,089 ) (39,535 ) (29,432 ) (25,384 ) (224,483 ) Allocated general and administrative (2) (13,211 ) (16,603 ) (9,608 ) (13,062 ) (22,489 ) (74,973 ) Segment profit (loss) (3) $ 72,424 $ 54,178 $ 55,090 $ (47,933 ) $ 31,092 $ 164,851 Other significant non-cash items: Recovery of loan losses $ (1,714 ) $ — $ — $ — $ — $ (1,714 ) Impairment of assets — 3,689 8,131 22,814 — 34,634 Depreciation and amortization — 38,841 32,142 1,440 1,148 73,571 Capitalized expenditures — 3,933 61,186 80,119 — 145,238 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2013 Operating lease income $ — $ 147,313 $ 86,352 $ 902 $ — $ 234,567 Interest income 108,015 — — — — 108,015 Other income 4,748 250 38,164 1,474 3,572 48,208 Earnings (loss) from equity method investments — 2,699 5,546 (5,331 ) 38,606 41,520 Income from sales of real estate — — 82,603 4,055 — 86,658 Income (loss) from discontinued operations (4) — 1,484 1,251 — — 2,735 Gain from discontinued operations — 3,395 18,838 — — 22,233 Total revenue and other earnings 112,763 155,141 232,754 1,100 42,178 543,936 Real estate expense — (22,565 ) (101,044 ) (33,832 ) — (157,441 ) Other expense (1,625 ) — — — (6,425 ) (8,050 ) Allocated interest expense (5) (74,377 ) (80,034 ) (49,114 ) (30,368 ) (32,332 ) (266,225 ) Allocated general and administrative (2) (13,186 ) (14,330 ) (9,189 ) (12,365 ) (23,783 ) (72,853 ) Segment profit (loss) (3) $ 23,575 $ 38,212 $ 73,407 $ (75,465 ) $ (20,362 ) $ 39,367 Other significant non-cash items: Provision for loan losses $ 5,489 $ — $ — $ — $ — $ 5,489 Impairment of assets (5) — 1,176 12,449 728 — 14,353 Loss on transfer of interest to unconsolidated subsidiary — — — 7,373 — 7,373 Depreciation and amortization (5) — 38,582 30,599 1,105 1,244 71,530 Capitalized expenditures — 34,076 41,131 36,346 — 111,553 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total As of December 31, 2015 Real estate Real estate, net — 1,112,479 481,504 — — 1,593,983 Real estate available and held for sale — — 137,274 — — 137,274 Total real estate — 1,112,479 618,778 — — 1,731,257 Land and development — — — 1,001,963 — 1,001,963 Loans receivable and other lending investments, net 1,601,985 — — — — 1,601,985 Other investments — 69,096 11,124 100,419 73,533 254,172 Total portfolio assets $ 1,601,985 $ 1,181,575 $ 629,902 $ 1,102,382 $ 73,533 4,589,377 Cash and other assets 1,033,515 Total assets $ 5,622,892 As of December 31, 2014 Real estate, net — 1,188,160 628,271 — — 1,816,431 Real estate available and held for sale — 4,521 162,782 — — 167,303 Total real estate — 1,192,681 791,053 — — 1,983,734 Land and development — — — 978,962 — 978,962 Loans receivable and other lending investments, net 1,377,843 — — — — 1,377,843 Other investments — 125,360 13,220 106,155 109,384 354,119 Total portfolio assets $ 1,377,843 $ 1,318,041 $ 804,273 $ 1,085,117 $ 109,384 4,694,658 Cash and other assets 768,475 Total assets $ 5,463,133 _______________________________________________________________________________ (1) Corporate/Other represents all corporate level and unallocated items including any intercompany eliminations necessary to reconcile to consolidated Company totals. This caption also includes the Company's joint venture investments and strategic investments that are not included in the other reportable segments above. (2) General and administrative excludes stock-based compensation expense of $12.0 million , $13.3 million and $19.3 million for the years ended December 31, 2015 , 2014 and 2013 , respectively. (3) The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Years Ended December 31, 2015 2014 2013 Segment profit $ 126,114 $ 164,851 $ 39,367 Less: (Provision for) recovery of loan losses (36,567 ) 1,714 (5,489 ) Less: Impairment of assets (4) (10,524 ) (34,634 ) (14,353 ) Less: Loss on transfer of interest to unconsolidated subsidiary — — (7,373 ) Less: Depreciation and amortization (4) (65,247 ) (73,571 ) (71,530 ) Less: Stock-based compensation expense (12,013 ) (13,314 ) (19,261 ) Less: Income tax (expense) benefit (4) (7,639 ) (3,912 ) 596 Less: Loss on early extinguishment of debt, net (281 ) (25,369 ) (33,190 ) Net income (loss) $ (6,157 ) $ 15,765 $ (111,233 ) (4) For the year ended December 31, 2013 excludes certain amounts reclassified to discontinued operations in the Company's consolidated statements of operations. (5) For the year ended December 31, 2013 includes related amounts reclassified to discontinued operations in the Company's consolidated statements of operations.
Reconciliation of segment profit to income (loss) from continuing operations	The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Years Ended December 31, 2015 2014 2013 Segment profit $ 126,114 $ 164,851 $ 39,367 Less: (Provision for) recovery of loan losses (36,567 ) 1,714 (5,489 ) Less: Impairment of assets (4) (10,524 ) (34,634 ) (14,353 ) Less: Loss on transfer of interest to unconsolidated subsidiary — — (7,373 ) Less: Depreciation and amortization (4) (65,247 ) (73,571 ) (71,530 ) Less: Stock-based compensation expense (12,013 ) (13,314 ) (19,261 ) Less: Income tax (expense) benefit (4) (7,639 ) (3,912 ) 596 Less: Loss on early extinguishment of debt, net (281 ) (25,369 ) (33,190 ) Net income (loss) $ (6,157 ) $ 15,765 $ (111,233 )

Quarterly Financial Informati48

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	The following table sets forth the selected quarterly financial data for the Company ($ in thousands, except per share amounts). For the Quarters Ended December 31, September 30, June 30, March 31, 2015: Revenue $ 172,025 $ 120,487 $ 109,185 $ 112,857 Net income (loss) $ 19,974 $ 5,958 $ (19,776 ) $ (12,313 ) Earnings per common share data (1) : Net income (loss) attributable to iStar Inc. Basic (2) $ 7,685 $ (6,072 ) $ (30,950 ) $ (22,553 ) Diluted (2) $ 7,684 $ (6,072 ) $ (30,950 ) $ (22,553 ) Earnings per share Basic and diluted $ 0.09 $ (0.07 ) $ (0.36 ) $ (0.26 ) Weighted average number of common shares Basic 83,162 85,766 85,541 85,497 Diluted 83,581 85,766 85,541 85,497 Earnings per HPU share data (1) : Net income (loss) attributable to iStar Inc. Basic and diluted $ — $ (94 ) $ (1,027 ) $ (749 ) Earnings per share Basic and diluted $ — $ (13.41 ) $ (68.47 ) $ (49.93 ) Weighted average number of HPU shares—basic and diluted — 7 15 15 2014: Revenue $ 109,950 $ 113,486 $ 129,843 $ 108,749 Net income (loss) $ (1,955 ) $ 35,491 $ (3,594 ) $ (14,177 ) Earnings per common share data (1) : Net income (loss) attributable to iStar Inc. Basic (2) $ (13,270 ) $ 22,327 $ (16,207 ) $ (26,572 ) Diluted (2) $ (13,270 ) $ 27,608 $ (16,207 ) $ (26,572 ) Earnings per share Basic $ (0.16 ) $ 0.26 $ (0.19 ) $ (0.31 ) Diluted $ (0.16 ) $ 0.21 $ (0.19 ) $ (0.31 ) Weighted average number of common shares Basic 85,188 85,163 84,916 84,819 Diluted 85,188 130,160 84,916 84,819 Earnings per HPU share data (1) : Net income (loss) attributable to iStar Inc. Basic $ (442 ) $ 744 $ (542 ) $ (889 ) Diluted $ (442 ) $ 602 $ (542 ) $ (889 ) Earnings per share Basic $ (29.47 ) $ 49.60 $ (36.13 ) $ (59.27 ) Diluted $ (29.47 ) $ 40.13 $ (36.13 ) $ (59.27 ) Weighted average number of HPU shares—basic and diluted 15 15 15 15 _______________________________________________________________________________ (1) Basic and diluted EPS are computed independently based on the weighted-average shares of common stock and stock equivalents outstanding for each period. Accordingly, the sum of the quarterly EPS amounts may not agree to the total for the year. (2) For the quarter ended December 31, 2015 includes net income attributable to iStar Inc. and allocable to Participating Security Holders of $5 and $5 on a basic and dilutive basis, respectively. For the quarter ended September 30, 2014, includes net income attributable to iStar Inc. and allocable to Participating Security Holders of $2 and $2 on a basic and dilutive basis, respectively.

Business and Organization (Deta

Business and Organization (Details) $ in Billions	240 Months Ended
	Dec. 31, 2015USD ($)
Business and Organization [Abstract]
Investment across a range of real estate sectors over the past two decades (more than $35 billion)	$ 35

Basis of Presentation and Pri50

Basis of Presentation and Principles of Consolidation - Reclassification (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Additional paid-in capital	$ 3,689,330				$ 3,744,621
As Reported
Additional paid-in capital		$ 4,023,962	$ 4,007,937	$ 4,007,540	4,007,514	$ 4,022,138
Common stock, par value (in dollars per share)		147	146	146	146	144
Treasury stock, at cost		(283,256)	(263,515)	(263,512)	(262,954)	(262,954)
APIC_CommonStock_TreasuryStock		3,740,853	3,744,568	3,744,174	3,744,706	3,759,328
Change
Additional paid-in capital		(283,193)	(263,454)	(263,451)	(262,893)	(262,893)
Common stock, par value (in dollars per share)		(63)	(61)	(61)	(61)	(61)
Treasury stock, at cost		283,256	263,515	263,512	262,954	262,954
APIC_CommonStock_TreasuryStock		0	0	0	0	0
As Adjusted
Additional paid-in capital		3,740,769	3,744,483	3,744,089	3,744,621	3,759,245
Common stock, par value (in dollars per share)		84	85	85	85	83
Treasury stock, at cost		0	0	0	0	0
APIC_CommonStock_TreasuryStock		$ 3,740,853	$ 3,744,568	$ 3,744,174	$ 3,744,706	$ 3,759,328

Basis of Presentation and Pri51

Basis of Presentation and Principles of Consolidation (Details) $ in Millions	Dec. 31, 2015USD ($)
Consolidated VIEs
Total revenues and total expenses related to consolidated VIEs
Variable interest entity, consolidated, carrying amount, assets	$ 219.3
Variable interest entity, consolidated, carrying amount, liabilities	26.5
Variable interest entity unfunded commitment	38.8
Unconsolidated VIEs
Total revenues and total expenses related to consolidated VIEs
Variable interest entity unfunded commitment	17.7
Carrying value of the investments	$ 93.4

Summary of Significant Accoun52

Summary of Significant Accounting Policies (Property, Plant and Equipment) (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Common Stock, shares outstanding	81,109	85,191
Building
Property, Plant and Equipment [Line Items]
Useful life	40 years
Furniture and Equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years

Summary of Significant Accoun53

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Real Estate Tenant Receivables
Financing Receivable, Impaired [Line Items]
Allowance for doubtful accounts receivable	$ 1.9	$ 1.3
Deferred Operating Lease
Financing Receivable, Impaired [Line Items]
Allowance for doubtful accounts receivable	$ 1.5	$ 2.4

Summary of Significant Accoun54

Summary of Significant Accounting Policies (Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Entity Information [Line Items]
Assets with foreclosure elections	$ 749,200
Operating loss carryforwards		$ 856,400
Total income tax (expense) benefit	(7,639)	(3,912)	$ 659
Taxable REIT Subsidiaries
Entity Information [Line Items]
Operating loss carryforwards	3,200	4,100
Assets owned taxable subsidiaries	516,900
Current tax (expense) benefit	(7,639)	(3,912)	659
Deferred tax (expense) benefit	0	0	0
Total income tax (expense) benefit	(7,639)	(3,912)	659
Income of subsidiaries	17,000	19,300	(1,800)
Income taxes paid	8,400	1,300	$ 9,200
Deferred tax assets	53,910	54,318
Valuation allowance	(53,910)	(54,318)
Net deferred tax assets (liabilities)	0	0
Real estate asset basis differences	40,000	45,200
Deferred expenses and other items	$ 10,700	$ 5,000

Real Estate (Schedule of Real E

Real Estate (Schedule of Real Estate Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Real Estate Properties [Line Items]
Land and development	$ 1,001,963	$ 978,962
Real estate, net	1,593,983	1,816,431
Real estate available and held for sale	137,274	167,303
Total real estate	1,731,257	1,983,734
Net Lease
Real Estate Properties [Line Items]
Land and development	306,172	311,890
Buildings and improvements, at cost	1,183,723	1,240,593
Less: accumulated depreciation	(377,416)	(364,323)
Real estate, net	1,112,479	1,188,160
Real estate available and held for sale	0	4,521
Total real estate	1,112,479	1,192,681
Operating Properties
Real Estate Properties [Line Items]
Land and development	133,275	146,417
Buildings and improvements, at cost	427,371	578,013
Less: accumulated depreciation	(79,142)	(96,159)
Real estate, net	481,504	628,271
Real estate available and held for sale	137,274	162,782
Total real estate	618,778	791,053
Real Estate Properties
Real Estate Properties [Line Items]
Land and development	439,447	458,307
Buildings and improvements, at cost	1,611,094	1,818,606
Less: accumulated depreciation	(456,558)	(460,482)
Real estate, net	1,593,983	1,816,431
Real estate available and held for sale	137,274	167,303
Total real estate	$ 1,731,257	$ 1,983,734

Real Estate (Real Estate Availa

Real Estate (Real Estate Available and Held for Sale) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Real Estate Properties [Line Items]
Real estate available and held for sale	$ 137,274	$ 167,303
Property transferred to held for sale, aggregate, carrying value	8,200
Residential Operating Properties
Real Estate Properties [Line Items]
Real estate available and held for sale	137,300	155,800
Commercial Operating Properties
Real Estate Properties [Line Items]
Property transferred from held for sale, aggregate, carrying value	2,900
Condominium Units
Real Estate Properties [Line Items]
Property transferred to held for sale, aggregate, carrying value		56,700
Net Lease
Real Estate Properties [Line Items]
Real estate available and held for sale	$ 0	4,521
Property transferred to held for sale, aggregate, carrying value		$ 4,000

Real Estate (Acquisitions) (Det

Real Estate (Acquisitions) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)property	Dec. 31, 2013USD ($)property
Real Estate Properties [Line Items]
Acquisitions of real estate assets	$ 0	$ 4,666	$ 102,364
Real Estate Acquired in Satisfaction of Debt
Real Estate Properties [Line Items]
Fair value of assets acquired	13,400
Real Estate Acquired in Satisfaction of Debt | Corporate Joint Venture
Real Estate Properties [Line Items]
Fair value of assets acquired			$ 25,500
Consolidated entity, ownership percentage			63.00%
Noncontrolling interest, ownership percentage by noncontrolling owners			37.00%
Real Estate Acquired in Satisfaction of Debt | Commercial Operating Properties
Real Estate Properties [Line Items]
Number of properties acquired | property		3
Fair value of assets acquired		$ 72,400
Operating Properties
Real Estate Properties [Line Items]
Acquisitions of real estate assets		1,700
Net proceeds from sales of real estate	93,500
Condominium Units
Real Estate Properties [Line Items]
Acquisitions of real estate assets		$ 3,000
Number of properties acquired | property		2
Land
Real Estate Properties [Line Items]
Property sold, aggregate, carrying value			$ 14,800
Number of properties acquired | property		1
Land | Real Estate Acquired in Satisfaction of Debt
Real Estate Properties [Line Items]
Number of real estate properties acquired | property			2
Net Lease Asset One
Real Estate Properties [Line Items]
Acquisitions of real estate assets			$ 93,600
Finite-lived intangible assets acquired			36,100
Below market lease			11,900
Transaction costs			200
Net proceeds from sales of real estate		$ 7,800
Net Lease Asset One | iStar Net Lease I LLC
Real Estate Properties [Line Items]
Net proceeds from sales of real estate		93,700
Commercial Operating Properties
Real Estate Properties [Line Items]
Property sold, aggregate, carrying value		$ 29,400	$ 72,600
Operating Properties
Real Estate Properties [Line Items]
Property sold, aggregate, carrying value	$ 5,300

Real Estate (Pro Forma Financia

Real Estate (Pro Forma Financial Information) (Details) - USD ($) $ in Thousands	8 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Real Estate [Abstract]
Pro forma total revenues		$ 466,327	$ 399,885
Pro forma net income (loss)		$ 15,351	$ (112,355)
Business combination, pro forma information, revenue of acquiree since acquisition date, actual	$ 8,300
Business combination, pro forma information, earnings or loss of acquiree since acquisition date, actual	$ (2,900)

Real Estate (Dispositions) (Det

Real Estate (Dispositions) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Feb. 28, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from sales of real estate	$ 93,816	$ 89,943	$ 86,658
Other finite-lived intangible assets	38,100
Impairment of long-lived assets to be disposed of or sold			1,800
Marina Palms
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from sales of real estate			$ 3,400
iStar's ownership percentage			47.50%
Property contributed, aggregate carrying value			$ 21,400
Condominium Units
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of other real estate	127,900	236,200	269,700
Income from sales of real estate	40,100	79,100	82,600
Net Lease Asset Two
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property sold, aggregate, carrying value	60,800	8,000	18,700
Income from sales of real estate	40,100	6,200	2,200
Operating Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sales of real estate	$ 93,500
Operating leases, term	99 years
Other finite-lived intangible assets	$ 38,100
Deferred gain on sale of property	5,300
Payments for repurchase of redeemable noncontrolling interest	$ 6,400
Number of real estate properties sold | property	3
Operating Properties | RCC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from sales of real estate	$ 13,600
Sales price of real estate held for investment	$ 68,500
iStar's ownership percentage	50.00%
Commercial Operating Properties
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property sold, aggregate, carrying value		29,400	72,600
Income from sales of real estate		4,600	18,600
Residential Operating Properties [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property sold, aggregate, carrying value			18,900
Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property sold, aggregate, carrying value			14,800
Income from sales of real estate			$ 600
Net Lease Asset One
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sales of real estate		7,800
Impairment of long-lived assets to be disposed of or sold		3,000
Net Lease Asset One | iStar Net Lease I LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sales of real estate		93,700
Net Lease | iStar Net Lease I LLC
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
iStar's ownership percentage				51.90%
Net proceeds from sales of real estate		$ 10,100
Noncontrolling interest, ownership percentage by parent		72.00%
Transfer mortgage payable		$ 26,000

Real Estate (Discontinued Opera

Real Estate (Discontinued Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate [Abstract]
Revenues			$ 5,545
Total expenses			(3,138)
Impairment of assets			(1,763)
Income (loss) from discontinued operations	$ 0	$ 0	$ 644

Real Estate (Impairments) (Deta

Real Estate (Impairments) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)property	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Property, Plant and Equipment [Line Items]
Impairment of real estate	$ 5.9	$ 11.8	$ 13.6
Impairment of long-lived assets to be disposed of or sold			$ 1.8
Real Estate Properties
Property, Plant and Equipment [Line Items]
Number of properties impaired | property	2

Real Estate (Tenant Reimburseme

Real Estate (Tenant Reimbursements) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Real Estate [Abstract]
Tenant reimbursements	$ 26.8	$ 30	$ 31.8

Real Estate (Redeemable Noncont

Real Estate (Redeemable Noncontrolling Interest) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests, carrying amount	$ 10,718	$ 11,199
Redeemable noncontrolling interests, fair value	9,200	23,600
Not Currently Redeemable
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests, carrying amount	$ 7,200	$ 9,900

Real Estate (Allowance for doub

Real Estate (Allowance for doubtful accounts) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Real Estate Tenant Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts receivable	$ 1.9	$ 1.3
Deferred Operating Lease
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts receivable	$ 1.5	$ 2.4

Real Estate (Future Minimum Ope

Real Estate (Future Minimum Operating Lease Payments (Details) $ in Thousands	Dec. 31, 2015USD ($)
Net Lease
2,016	$ 121,168
2,017	117,110
2,018	115,158
2,019	113,969
2,020	112,483
Operating Properties
2,016	46,438
2,017	46,358
2,018	42,010
2,019	37,990
2,020	$ 34,281

Land and Development (Details)

Land and Development (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)property	Apr. 30, 2015USD ($)
Land and land development, at cost	$ 1,001,963	$ 978,962
Inventory, Real Estate, Land and Land Development Costs	1,001,963	978,962
Land development revenue	100,216	15,191	$ 0
Land development cost of sales	67,382	12,840	0
Loss on transfer of interest to unconsolidated subsidiary	0	0	(7,373)
Impairment of land and development assets	4,600	22,800	700
Loans receivable	1,539,696	1,190,172
Land
Land and land development, at cost	1,007,995	987,329
Less: accumulated depreciation	(6,032)	(8,367)
Inventory, Real Estate, Land and Land Development Costs	1,001,963	978,962
Property sold, aggregate, carrying value			$ 14,800
Purchase price				$ 16,100
Deferred revenue				$ 5,300
Land and Development 3
Land development revenue	36,900
Deferred revenue	6,000
Land and Development 2
Land development revenue	25,900
Loans receivable	16,700
Land and Development 1
Property sold, aggregate, carrying value		6,800
Real Estate Equity Investment Three
iStar's ownership percentage			75.60%
Loss on transfer of interest to unconsolidated subsidiary			$ 7,400
Real Estate Equity Investment Three | Land
Property contributed, aggregate carrying value		9,500	$ 24,100
Real Estate Acquired in Satisfaction of Debt
Fair value of assets acquired	$ 13,400
Real Estate Acquired in Satisfaction of Debt | Land
Number of real estate properties acquired | property			2
Land | Real Estate Acquired in Satisfaction of Debt
Fair value of assets acquired		$ 5,500	$ 15,600

Land and Development (Deferred

Land and Development (Deferred Revenue) (Details) - Land $ in Millions	Apr. 30, 2015USD ($)
Real Estate Properties [Line Items]
Purchase price	$ 16.1
Deferred revenue	$ 5.3

Loans Receivable and Other Le68

Loans Receivable and Other Lending Investments, net (Schedule of Loans Receivable) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Valuation Allowances and Reserves, Deductions		$ 28,513	$ 281,285	$ 152,784
Total gross carrying value of loans		1,647,861	1,288,662
Reserves for loan losses		(108,165)	(98,490)	(377,204)	$ (524,499)
Total loans receivable, net		1,539,696	1,190,172
Other lending investments—securities		62,289	187,671
Total loans receivable and other lending investments, net		1,601,985	1,377,843
Interest receivable		9,000	7,000
Carrying value of loans sold		5,500	30,800	95,100
Realized investment gains (losses)			19,100	(600)
Provision for (recovery of) loan losses		36,567	(1,714)	5,489
Repayments of and principal collections on loans receivable and other lending investments, net		273,454	512,528	$ 613,615
Loans Receivable One
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans	$ 146,700
Senior mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans		975,915	737,535
Corporate/Partnership loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans		643,270	497,796
Subordinate mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans		$ 28,676	$ 53,331
Loan 1
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans	196,600
Total loans receivable, net	24,000
Provision for (recovery of) loan losses	$ 25,900

Loans Receivable and Other Le69

Loans Receivable and Other Lending Investments, net (Reserve for Loan Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for Loan Losses [Roll Forward]
Reserve for loan losses at beginning of period	$ 98,490	$ 377,204	$ 524,499
Provision for (recovery of) loan losses	37,616	(5,886)	1,277
Charge-offs	(28,513)	(281,285)	(152,784)
Reserve for loan losses at end of period	108,165	98,490	377,204
Recoveries of previously recorded loan loss reserves	600	10,100	63,100
Loans Receivable Allowance
Allowance for Loan Losses [Roll Forward]
Provision for (recovery of) loan losses	36,567	(1,714)	5,489
Charge-offs	$ (26,892)	$ (277,000)	$ (152,784)

Loans Receivable and Other Le70

Loans Receivable and Other Lending Investments, net (Schedule of Investment in Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loans
Individually Evaluated for Impairment	$ 132,492	$ 139,672
Collectively Evaluated for Impairment	1,524,347	1,156,031
Total	1,656,839	1,295,703
Less: Reserve for loan losses
Individually Evaluated for Impairment	(72,165)	(64,990)
Collectively Evaluated for Impairment	(36,000)	(33,500)
Total	(108,165)	(98,490)	$ (377,204)	$ (524,499)
Total
Individually Evaluated for Impairment	60,327	74,682
Collectively Evaluated for Impairment	1,488,347	1,122,531
Total	1,548,674	1,197,213
Individually evaluated for impairment, net discount	200	200
Collectively evaluated for impairment, net discount	$ 8,200	$ 10,600

Loans Receivable and Other Le71

Loans Receivable and Other Lending Investments, net (Credit Characteristics for Performing Loans) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 1,656,839	$ 1,295,703
Senior mortgages
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	980,349
Corporate/Partnership loans
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	647,451
Subordinate mortgages
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	29,039
Real Estate Finance
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 1,524,347	$ 1,166,465
Weighted Average Risk Ratings	3.15	3.23
Real Estate Finance | Senior mortgages
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 853,595	$ 611,009
Weighted Average Risk Ratings	2.96	2.73
Real Estate Finance | Corporate/Partnership loans
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 641,713	$ 501,620
Weighted Average Risk Ratings	3.37	3.88
Real Estate Finance | Subordinate mortgages
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 29,039	$ 53,836
Weighted Average Risk Ratings	3.64	2.87

Loans Receivable and Other Le72

Loans Receivable and Other Lending Investments, net (Credit Characteristics by Payment Status) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)loans	Dec. 31, 2014USD ($)
Recorded investment in loans, aged by payment status and presented by class
Current	$ 1,540,589
Less Than and Equal to 90 Days	0
Greater Than 90 Days	116,250
Total Past Due	116,250
Total	$ 1,656,839	$ 1,295,703
Financing receivable, number of loans greater than 90 days past due | loans	4
Financing receivables, past due time period	90 days
Minimum
Recorded investment in loans, aged by payment status and presented by class
Financing receivables, past due time period	1 year
Maximum
Recorded investment in loans, aged by payment status and presented by class
Financing receivables, past due time period	7 years
Senior mortgages
Recorded investment in loans, aged by payment status and presented by class
Current	$ 864,099
Less Than and Equal to 90 Days	0
Greater Than 90 Days	116,250
Total Past Due	116,250
Total	980,349
Corporate/Partnership loans
Recorded investment in loans, aged by payment status and presented by class
Current	647,451
Less Than and Equal to 90 Days	0
Greater Than 90 Days	0
Total Past Due	0
Total	647,451
Subordinate mortgages
Recorded investment in loans, aged by payment status and presented by class
Current	29,039
Less Than and Equal to 90 Days	0
Greater Than 90 Days	0
Total Past Due	0
Total	$ 29,039

Loans Receivable and Other Le73

Loans Receivable and Other Lending Investments, net (Impaired Loans) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Impaired [Line Items]
Loans modified through troubled debt restructurings		$ 10,400,000
Average Recorded Investment	$ 153,387,000	422,973,000	$ 943,761,000
Interest Income Recognized	50,000	2,261,000	17,618,000
Senior mortgages
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	129,135,000	370,010,000	825,656,000
Interest Income Recognized	38,000	2,080,000	11,245,000
Corporate/Partnership loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	24,252,000	52,963,000	85,723,000
Interest Income Recognized	12,000	181,000	6,373,000
Subordinate mortgages
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	0	0	32,382,000
Interest Income Recognized	0	0	0
Nonperforming loans
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, interest income, cash basis method	0	0	13,300,000
With an allowance recorded
Financing Receivable, Impaired [Line Items]
Recorded Investment	132,492,000	139,672,000
Unpaid Principal Balance	131,514,000	138,801,000
Related Allowance	(72,165,000)	(64,990,000)
Average Recorded Investment	153,387,000	387,314,000	904,290,000
Interest Income Recognized	50,000	339,000	2,299,000
With an allowance recorded | Senior mortgages
Financing Receivable, Impaired [Line Items]
Recorded Investment	126,754,000	130,645,000
Unpaid Principal Balance	125,776,000	129,744,000
Related Allowance	(69,627,000)	(64,440,000)
Average Recorded Investment	129,135,000	334,351,000	794,247,000
Interest Income Recognized	38,000	158,000	1,976,000
With an allowance recorded | Corporate/Partnership loans
Financing Receivable, Impaired [Line Items]
Recorded Investment	5,738,000	9,027,000
Unpaid Principal Balance	5,738,000	9,057,000
Related Allowance	(2,538,000)	(550,000)
Average Recorded Investment	0	52,963,000	77,661,000
Interest Income Recognized	0	181,000	323,000
With an allowance recorded | Subordinate mortgages
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	24,252,000	0	32,382,000
Interest Income Recognized	12,000	0	0
With no related allowance recorded
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	0	35,659,000	39,471,000
Interest Income Recognized	0	1,922,000	15,319,000
With no related allowance recorded | Senior mortgages
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	0	35,659,000	31,409,000
Interest Income Recognized	0	1,922,000	9,269,000
With no related allowance recorded | Corporate/Partnership loans
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	0	0	8,062,000
Interest Income Recognized	$ 0	$ 0	$ 6,050,000

Loans Receivable and Other Le74

Loans Receivable and Other Lending Investments, net (Troubled Debt Restructurings) (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)Loan	Dec. 31, 2013USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pre-modification outstanding recorded investment	$ 11,600,000
Unfunded commitments, troubled debt restructurings	0
Non-performing mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | Loan		1
Recorded investment of loans whose maturity was extended			$ 174,500,000
Non-performing mortgage | One Year Payment Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | Loan			2
Recorded investment of loans whose maturity was extended		$ 7,000,000	$ 98,300,000
Initial paydowns loans whose maturity was extended			$ 15,400,000
Finance receivable, trouble debt restructuring time period		1 year
Senior mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans | Loan			6
Performing First Mortgage | One Year Payment Extension
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investment of loans whose maturity was extended			$ 4,600,000
Individually Evaluated for Impairment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pre-modification outstanding recorded investment	$ 5,800,000

Loans Receivable and Other Le75

Loans Receivable and Other Lending Investments, net (Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Amortized Cost Basis	$ 1,010
Estimated Fair Value	1,161
Investments, Debt and Equity Securities [Abstract]
Face Value	55,559	$ 177,274
Amortized Cost Basis	62,138	187,524
Net Unrealized Gain (Loss)	151	147
Estimated Fair Value	62,360	191,366
Net Carrying Value	62,289	187,671
Held-to-Maturity Securities, Debt Maturities [Abstract]
Amortized Cost Basis	61,128
Estimated Fair Value	61,199
Held-to-Maturity Securities, Debt Maturities, Net Carrying Amount [Abstract]
Within one year, Amortized Cost Basis	61,128
After one year through five years, Amortized Cost Basis	0
After five years through ten years, Amortized Cost Basis	0
After ten years, Amortized Cost Basis	0
Held-to-Maturity Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Within one year, Estimated Fair Value	61,199
After one year through five years, Estimated Fair Value	0
After five years through ten years, Estimated Fair Value	0
After ten years, Estimated Fair Value	0
Available-for-Sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]
Within one year, Amortized Cost Basis	0
After one year through five years, Amortized Cost Basis	0
After five years through ten years, Amortized Cost Basis	0
After ten years, Amortized Cost Basis	1,010
Available-for-Sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]
Within one year, Estimated Fair Value	0
After one year through five years, Estimated Fair Value	0
After five years through ten years, Estimated Fair Value	0
After ten years, Estimated Fair Value	1,161
Municipal Bonds
Available-for-sale Securities, Fair Value to Amortized Cost Basis [Abstract]
Face Value	1,010	1,020
Amortized Cost Basis	1,010	1,020
Net Unrealized Gain (Loss)	151	147
Estimated Fair Value	1,161	1,167
Net Carrying Value	1,161	1,167
Corporate Debt Securities
Held-to-Maturity Securities, Debt Maturities [Abstract]
Face Value	54,549	176,254
Amortized Cost Basis	61,128	186,504
Estimated Fair Value	61,199	190,199
Net Carrying Value	$ 61,128	$ 186,504

Other Investments (Narrative) (

Other Investments (Narrative) (Details)	1 Months Ended			3 Months Ended		6 Months Ended	7 Months Ended	12 Months Ended
	Jun. 30, 2015USD ($)	Apr. 30, 2013USD ($)	Jul. 31, 2010USD ($)	Jun. 30, 2013USD ($)	Mar. 31, 2013USD ($)	Dec. 31, 2013USD ($)	Apr. 19, 2013USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)Investeelease_assetproperty	Dec. 31, 2013USD ($)	Sep. 30, 2012USD ($)	Apr. 30, 2014USD ($)	Feb. 28, 2014USD ($)	Jul. 28, 2010USD ($)
Schedule of Equity Method Investments [Line Items]
Carrying Value								$ 254,172,000	$ 354,119,000
Earnings (loss) from equity method investments								32,153,000	94,905,000	$ 41,520,000
Income from sales of real estate								93,816,000	89,943,000	86,658,000
Distributions from other investments								119,854,000	61,031,000	36,918,000
Net proceeds from sales of real estate								362,530,000	404,336,000	437,817,000
Contributions to other investments								11,531,000	159,424,000	12,784,000
Provision for (recovery of) loan losses								36,567,000	(1,714,000)	5,489,000
Proceeds from sale of available-for-sale securities								7,400,000
Available-for-sale securities, realized gain								2,600,000
Interest income								134,687,000	122,704,000	108,015,000
Distributions from operations of other investments								29,999,000	80,116,000	17,252,000
Net Lease Asset One
Schedule of Equity Method Investments [Line Items]
Net proceeds from sales of real estate									$ 7,800,000
Land
Schedule of Equity Method Investments [Line Items]
Income from sales of real estate										600,000
Number of properties acquired | property									1
Operating Properties
Schedule of Equity Method Investments [Line Items]
Net proceeds from sales of real estate								93,500,000
Other real estate equity investments
Schedule of Equity Method Investments [Line Items]
Carrying Value								81,452,000	$ 88,848,000
Earnings (loss) from equity method investments								$ (5,212,000)	36,842,000	2,869,000
Other real estate equity investments | Minimum
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage								31.00%
Other real estate equity investments | Maximum
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage								70.00%
Other real estate equity investments | Land
Schedule of Equity Method Investments [Line Items]
Carrying Value								$ 16,600,000	13,800,000
Other real estate equity investments | Operating Properties
Schedule of Equity Method Investments [Line Items]
Carrying Value								11,100,000	13,200,000
iStar Net Lease I LLC
Schedule of Equity Method Investments [Line Items]
Carrying Value								69,096,000	125,360,000
Earnings (loss) from equity method investments								5,221,000	1,915,000	0
Distributions from other investments	$ 61,200,000
Total Revenue								31,315,000	13,826,000
Net income attributable to LNR								10,060,000	3,691,000
iStar Net Lease I LLC | Net Lease
Schedule of Equity Method Investments [Line Items]
Debt instrument, face amount	$ 120,000,000
iStar Net Lease I LLC | Net Lease
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage													51.90%
Partners' capital account, contributions (up to)													$ 500,000,000
Equity method investment, related party ownership percentage													0.60%
Equity method investment, related party promote fee percentage													50.00%
Equity method investment, partner ownership percentage													47.50%
Net proceeds from sales of real estate									$ 10,100,000
Noncontrolling interest, ownership percentage by parent									72.00%
Transfer mortgage payable									$ 26,000,000
Number of properties acquired | lease_asset									58
Acquisitions of real estate assets									$ 200,000,000
Total assets								400,200,000	348,100,000
Management fees revenue								1,500,000	1,300,000
iStar Net Lease I LLC | Net Lease Asset One
Schedule of Equity Method Investments [Line Items]
Net proceeds from sales of real estate									93,700,000
Other investments
Schedule of Equity Method Investments [Line Items]
Carrying Value								51,559,000	63,263,000
Earnings (loss) from equity method investments								9,434,000	38,385,000	23,810,000
Marina Palms
Schedule of Equity Method Investments [Line Items]
Carrying Value								30,099,000	30,677,000
Earnings (loss) from equity method investments								23,626,000	14,671,000	$ 45,000
iStar's ownership percentage						47.50%				47.50%
Income from sales of real estate										$ 3,400,000
Total Revenue								179,333,000	114,125,000	73,000
Net income attributable to LNR								63,749,000	37,005,000	(3,452,000)
Marina Palms | Land
Schedule of Equity Method Investments [Line Items]
Total assets								278,500,000	265,700,000
Net proceeds from sales of real estate										21,400,000
Madison Funds
Schedule of Equity Method Investments [Line Items]
Carrying Value								21,966,000	45,971,000
Earnings (loss) from equity method investments								$ (916,000)	3,092,000	$ 14,796,000
iStar's ownership percentage								29.50%
Equity Method Investee
Schedule of Equity Method Investments [Line Items]
Earnings (loss) from equity method investments									$ 32,900,000
Equity Method Investee One
Schedule of Equity Method Investments [Line Items]
Equity method investee | Investee									1
Equity Method Investee Two
Schedule of Equity Method Investments [Line Items]
Earnings (loss) from equity method investments									$ 23,400,000
Equity Method Investee Two | Land
Schedule of Equity Method Investments [Line Items]
Carrying Value								$ 6,300,000	$ 9,400,000
iStar's ownership percentage									85.70%
Loans receivable, commitments, related party								45,700,000
Equity Method Investee Two | Land | Loans Receivable and Other Lending Investments, Net
Schedule of Equity Method Investments [Line Items]
Payments for funding under loan commitments								33,700,000
Equity method Investee Three
Schedule of Equity Method Investments [Line Items]
Equity method investee | Investee									1
Oak Hill Funds Group
Schedule of Equity Method Investments [Line Items]
Earnings (loss) from equity method investments								$ 2,200,000	$ 9,000,000
RCC | Operating Properties
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage								50.00%
Distributions from other investments								$ 21,000,000
Sales price of real estate held for investment								68,500,000
Proceeds from sale of other real estate, net of equity contribution								55,400,000
Contributions to other investments								$ 13,600,000
RCC | Operating Properties
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage								50.00%
Income from sales of real estate								$ 13,600,000
Sales price of real estate held for investment								68,500,000
Real Estate Equity Investment Three
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage						75.60%				75.60%
Real Estate Equity Investment Three | Net Lease
Schedule of Equity Method Investments [Line Items]
Earnings (loss) from equity method investments									$ 32,900,000
iStar's ownership percentage									50.00%
Proceeds from real estate and real estate joint ventures									$ 48,100,000
Real Estate Equity Investment Four | Land
Schedule of Equity Method Investments [Line Items]
Carrying Value								24,000,000	$ 23,500,000
iStar's ownership percentage									15.70%
Provision for (recovery of) loan losses									$ 2,800,000
Real Estate Equity Investment Five | Land
Schedule of Equity Method Investments [Line Items]
Carrying Value								13,500,000	21,100,000
iStar's ownership percentage						75.60%				75.60%
Real Estate Equity Investment Six | Land
Schedule of Equity Method Investments [Line Items]
Carrying Value								$ 9,900,000	7,800,000
iStar's ownership percentage						50.00%				50.00%
MIRELF III
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage								32.90%
MIRELF III AIV
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage								32.90%
Madison GP1 Investors LP
Schedule of Equity Method Investments [Line Items]
iStar's ownership percentage								29.50%
1000 SCI, LLC
Schedule of Equity Method Investments [Line Items]
Interest income								$ 3,900,000	600,000
Total Revenue								0
Net income attributable to LNR								$ (367,000)
LNR Property LLC
Schedule of Equity Method Investments [Line Items]
Earnings (loss) from equity method investments							$ 45,375,000			$ 16,500,000	$ 60,669,000
iStar's ownership percentage							24.00%				24.00%			24.00%
Ownership percentage acquired by entity														100.00%
Contribution towards principal amount debt extinguished			$ 100,000,000
Payments to acquire equity method investments			$ 100,000,000
Equity method investment, aggregate cost														$ 120,000,000
Net proceeds released from escrow												$ 25,200,000
Total Revenue							$ 179,373,000				$ 332,902,000
Income tax (expense) benefit							(2,137,000)				(6,731,000)
Net income attributable to LNR							113,478,000				253,039,000
Operating cash flows							(127,075,000)				(85,909,000)
Cash flows from investing activities							(36,543,000)				(55,686,000)
Cash flows from financing activities							217,241,000				229,634,000
Net cash flows							53,623,000				88,039,000
Cash distributions							0				61,179,000
Servicing fee revenue							55,500,000				95,400,000
Other loss				$ (66,200,000)
Carrying value of LNR at beginning of period		$ 220,281,000		220,281,000	$ 205,773,000	$ 0			$ 0	205,773,000
Equity in earnings of LNR for the period				0	45,375,000	0				45,375,000
Balance before other than temporary impairment				220,281,000	251,148,000	0				251,148,000
Other than temporary impairment				0	(30,867,000)	0				(30,867,000)
Sales proceeds pursuant to contract		$ (220,300,000)		(220,281,000)	0	0				(220,281,000)
Carrying value of LNR at end of period				$ 0	$ 220,281,000	$ 0				0
Income (loss) from equity method investments, release of AOCI										$ 1,700,000
Distributions from operations of other investments							$ 0				$ 14,690,000

Other Investments (Summarized f

Other Investments (Summarized financial information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Marina Palms
Equity Method Investments, Summarized Financial Information [Line Items]
Revenues	$ 179,333	$ 114,125	$ 73
Expenses	(115,584)	(77,120)	(3,525)
Net income attributable to LNR	63,749	37,005	(3,452)
iStar Net Lease I LLC
Equity Method Investments, Summarized Financial Information [Line Items]
Revenues	31,315	13,826
Expenses	(20,666)	(9,917)
Net income attributable to LNR	10,060	3,691
OHASCF
Equity Method Investments, Summarized Financial Information [Line Items]
Revenues	111,707	78,262	72,313
Expenses	(697)	(951)	(1,642)
Net income attributable to LNR	111,010	77,311	70,671
1000 SCI, LLC
Equity Method Investments, Summarized Financial Information [Line Items]
Revenues	0
Expenses	(367)
Net income attributable to LNR	(367)
Westgate
Equity Method Investments, Summarized Financial Information [Line Items]
Revenues	15,726	13,118	12,447
Expenses	(11,150)	(9,618)	(8,889)
Net income attributable to LNR	4,576	3,500	3,558
Other investments
Equity Method Investments, Summarized Financial Information [Line Items]
Revenues	143,143	406,708	199,680
Expenses	(97,504)	(87,997)	(63,577)
Net income attributable to LNR	45,501	318,703	135,421
Equity Method Investments [Member]
Equity Method Investments, Summarized Financial Information [Line Items]
Revenues	481,224	626,039	284,513
Expenses	(245,968)	(185,603)	(77,633)
Net income attributable to LNR	234,529	440,210	$ 206,198
Equity Method Investments Excluding Lnr Property Corporation
Equity Method Investments, Summarized Financial Information [Line Items]
Total assets	3,597,587	3,464,984
Total liabilities	768,622	479,298
Noncontrolling interests	19,208	3,297
Total equity	$ 2,809,757	$ 2,982,389

Other Assets and Other Liabil78

Other Assets and Other Liabilities (Deferred Expenses and Other Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Intangible assets, net	$ 71,446	$ 50,088
Other assets	35,464	37,085
Restricted cash	26,657	19,283
Deferred financing fees, net	26,635	36,774
Other receivables	22,557	13,115
Leasing costs, net	19,393	20,031
Corporate furniture, fixtures and equipment, net	4,405	5,409
Deferred expenses and other assets, net	206,557	181,785
Other finite-lived intangible assets	38,100
Intangible assets, accumulated amortization	37,300	45,100
Amortization of above market lease and lease incentives	6,700	8,600	$ 7,200
Amortization of intangible assets	3,600	6,700	$ 8,200
Accumulated amortization of deferred financing fees	27,800	15,400
Accumulated amortization on leasing costs	9,800	9,000
Accumulated depreciation on corporate furniture, fixtures and equipment	8,100	$ 7,100
Land and Development 3
Other assets	$ 7,000

Other Assets and Other Liabil79

Other Assets and Other Liabilities (Schedule of Other Liabilities) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Significant Noncash Transactions [Line Items]
Accrued expenses	$ 68,937	$ 62,866
Other Liabilities	80,332	48,256
Accrued interest payable	55,081	57,895
Intangible liabilities, net	10,485	11,885
Accounts payable, accrued expenses and other liabilities	214,835	180,902
Profit sharing payable	14,500	6,800
Special assessment bond	6,600	7,700
Payable for treasury share repurchases	900
Below market lease, accumulated amortization	6,600	6,200
Amortization of below market lease	1,500	2,500	$ 2,800
Capitalized expenditures	183,269	145,238	$ 111,553
Assets Held-for-Sale
Other Significant Noncash Transactions [Line Items]
Accrued expenses	5,300	2,700
Other Liabilities	4,400	900
Non cash
Other Significant Noncash Transactions [Line Items]
Capital expenditures incurred but not yet paid	26,200	$ 15,200
Land and Development 3
Other Significant Noncash Transactions [Line Items]
Deferred revenue	$ 6,000

Other Assets and Other Liabil80

Other Assets and Other Liabilities (Intangible assets) (Details) $ in Thousands	Dec. 31, 2015USD ($)
Intangible Assets Disclosure [Abstract]
2,016	$ 3,312
2,017	3,127
2,018	2,834
2,019	2,768
2,020	$ 2,706

Loan Participations Payable, 81

Loan Participations Payable, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from loan participations payable	$ 138,075	$ 0	$ 0
Unfunded commitments	778,940
Loan participations payable, net	152,326	0
Loans receivable	1,539,696	$ 1,190,172
Loan Participations Payable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan participations payable, net	152,300
Loan Participation Payable One
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan participation transfers	100,000
Loans receivable, commitments	250,000
Loans receivable, funded commitment	38,900
Proceeds from loan participations payable	38,900
Unfunded commitments	$ 61,100
Fixed interest rate	5.90%
Amount funded to borrower	$ 14,100
Loan Participation Payable Two
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan participation transfers	100,000
Loans receivable, commitments	220,200
Loans receivable, funded commitment	100,000
Proceeds from loan participations payable	$ 99,200
Variable rate basis	LIBOR
Basis spread on variable rate	3.50%
Loan Participation Payable Two | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Basis spread on variable rate, floor	0.25%
Loan Participations Payable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 153,000

Debt Obligations, net (Schedule

Debt Obligations, net (Schedule of Debt) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jun. 10, 2014	Nov. 13, 2013	May. 31, 2013
Debt Instrument [Line Items]
Total debt obligations	$ 4,150,389	$ 4,034,349
Debt discounts, net	(6,706)	(11,665)
Total long-term debt obligations, net	4,143,683	4,022,684
Interest costs capitalized	5,300	4,900	$ 2,600
2012 Tranche A-2 Facility
Debt Instrument [Line Items]
Total debt obligations	$ 339,717	358,504
Stated interest rate	7.00%
Variable interest rate, basis	LIBOR
Variable interest rate, spread	5.75%
2012 Tranche A-2 Facility | Minimum
Debt Instrument [Line Items]
Variable interest rate, spread	1.25%
2015 Revolving Credit Facility
Debt Instrument [Line Items]
Total debt obligations	$ 250,000	0
2015 Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Base Rate
Debt Instrument [Line Items]
Variable interest rate, spread	1.00%
2015 Revolving Credit Facility | Federal Funds Effective Swap Rate | Base Rate
Debt Instrument [Line Items]
Variable interest rate, spread	0.50%
2015 Revolving Credit Facility | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, margin	2.25%
2015 Revolving Credit Facility | Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, margin	1.25%
2015 Revolving Credit Facility | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, margin	2.75%
2015 Revolving Credit Facility | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, margin	1.75%
Term loans collateralized by net lease assets
Debt Instrument [Line Items]
Total debt obligations	$ 239,547	248,955
Stated interest rate, minimum	4.85%
Stated interest rate, maximum	7.26%
Weighted average interest rate	5.30%
Term loans collateralized by net lease assets | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate, spread	2.00%
Total secured credit facilities and term loans
Debt Instrument [Line Items]
Total debt obligations	$ 829,264	607,459
6.05% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 0	105,765
Stated interest rate	6.05%
5.875% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 261,403	261,403
Stated interest rate	5.875%
3.875% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 265,000	265,000
Stated interest rate	3.875%					3.875%
3.00% senior convertible notes
Debt Instrument [Line Items]
Total debt obligations	$ 200,000	200,000
Stated interest rate	3.00%
Conversion price	$ 11.77
Convertible debt conversion ratio	0.085
1.50% senior convertible notes
Debt Instrument [Line Items]
Total debt obligations	$ 200,000	200,000
Stated interest rate	1.50%				1.50%
Conversion price	$ 17.29
Convertible debt conversion ratio	0.0578
5.85% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 99,722	99,722
Stated interest rate	5.85%
9.00% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 275,000	275,000
Stated interest rate	9.00%
4.00% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 550,000	550,000
Stated interest rate	4.00%			4.00%
7.125% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 300,000	300,000
Stated interest rate	7.125%
4.875% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 300,000	300,000
Stated interest rate	4.875%					4.875%
5.00% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 770,000	770,000
Stated interest rate	5.00%			5.00%
Unsecured Notes
Debt Instrument [Line Items]
Total debt obligations	$ 3,221,125	3,326,890
Other debt obligations
Debt Instrument [Line Items]
Total debt obligations	$ 100,000	$ 100,000
Variable interest rate, basis	LIBOR
Variable interest rate, spread	1.50%
2012 Tranche A-1 Facility
Debt Instrument [Line Items]
Variable interest rate, spread	4.00%
2012 Tranche A-1 Facility | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Variable interest rate, spread	1.25%

Debt Obligations, net (Future S

Debt Obligations, net (Future Scheduled Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Maturities of Long-term Debt [Abstract]
2,016	$ 926,403
2,017	1,264,439
2,018	863,290
2,019	800,795
2,020	0
Thereafter	295,462
Total principal maturities	4,150,389	$ 4,034,349
Debt discounts, net	(6,706)	(11,665)
Debt obligations, net	4,143,683	$ 4,022,684
Unsecured Debt
Maturities of Long-term Debt [Abstract]
2,016	926,403
2,017	924,722
2,018	600,000
2,019	770,000
2,020	0
Thereafter	100,000
Total principal maturities	3,321,125
Debt discounts, net	(5,522)
Debt obligations, net	3,315,603
Secured Debt
Maturities of Long-term Debt [Abstract]
2,016	0
2,017	339,717
2,018	263,290
2,019	30,795
2,020	0
Thereafter	195,462
Total principal maturities	829,264
Debt discounts, net	(1,184)
Debt obligations, net	$ 828,080

Debt Obligations, net (Secured

Debt Obligations, net (Secured Credit Facility Narrative) (Details)	Mar. 27, 2015USD ($)	Jun. 30, 2014USD ($)	Nov. 30, 2013USD ($)	May. 31, 2013USD ($)	Mar. 31, 2012USD ($)tranche	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015USD ($)	Jun. 10, 2014USD ($)	Nov. 13, 2013USD ($)
Line of Credit Facility [Line Items]
Repayment of principal amount						$ 432,383,000	$ 1,471,174,000	$ 1,984,102,000
Loss on early extinguishment of debt, net						$ (281,000)	(25,369,000)	(33,190,000)
2015 Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 250,000,000
Line of credit facility, interest rate						3.13%
Converted loan, term						1 year
2015 Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.375%
2015 Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.50%
2012 Secured Credit Facilities
Line of Credit Facility [Line Items]
Debt instrument, face amount					$ 880,000,000
Number of tranches | tranche					2
2012 Tranche A-1 Facility
Line of Credit Facility [Line Items]
Debt instrument, face amount					$ 410,000,000
Percentage of par credit facilities were issued at					98.00%
Variable interest rate, spread						4.00%
2012 Tranche A-1 Facility | Minimum | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Variable interest rate, spread						1.25%
2012 Tranche A-2 Facility
Line of Credit Facility [Line Items]
Debt instrument, face amount					$ 470,000,000
Percentage of par credit facilities were issued at					98.50%
Variable interest rate, spread						5.75%
Repayment of principal amount									$ 130,300,000
Loss on early extinguishment of debt, net						$ (300,000)	(1,500,000)	(1,000,000)
Stated interest rate						7.00%			7.00%
Variable interest rate, basis						LIBOR
2012 Tranche A-2 Facility | Minimum
Line of Credit Facility [Line Items]
Variable interest rate, spread						1.25%
2013 Revolving Credit Facility
Line of Credit Facility [Line Items]
Repayment of principal amount		$ 1,320,000,000
2013 Revolving Credit Facility | Early Repayment
Line of Credit Facility [Line Items]
Loss on early extinguishment of debt, net							$ 22,800,000
4.00% senior notes
Line of Credit Facility [Line Items]
Debt instrument, face amount										$ 550,000,000
Stated interest rate						4.00%			4.00%	4.00%
5.00% senior notes
Line of Credit Facility [Line Items]
Debt instrument, face amount										$ 770,000,000
Stated interest rate						5.00%			5.00%	5.00%
1.50% senior convertible notes
Line of Credit Facility [Line Items]
Debt instrument, face amount											$ 200,000,000
Stated interest rate						1.50%			1.50%		1.50%
Unsecured Notes 5.70% Percent Senior Notes Due March 2014
Line of Credit Facility [Line Items]
Repayment of principal amount			$ 200,600,000
Loss on early extinguishment of debt, net								(2,800,000)
Stated interest rate											5.70%
Unsecured Notes 3.875 Percent Senior Notes Due July 2016
Line of Credit Facility [Line Items]
Debt instrument, face amount				$ 265,000,000
Stated interest rate				3.875%		3.875%			3.875%
Unsecured Notes 4.875 Percent Senior Notes Due July 2018
Line of Credit Facility [Line Items]
Debt instrument, face amount				$ 300,000,000
Stated interest rate				4.875%		4.875%			4.875%
Unsecured Notes 8.625 Percent Senior Notes Due June 2013
Line of Credit Facility [Line Items]
Repayment of principal amount				$ 96,800,000
Stated interest rate				8.625%
Unsecured Notes 5.95 Percent Senior Notes Due October 2013
Line of Credit Facility [Line Items]
Repayment of principal amount				$ 448,500,000
Loss on early extinguishment of debt, net								$ (9,500,000)
Stated interest rate				5.95%

Debt Obligations, net (Encumber

Debt Obligations, net (Encumbered/Unencumbered Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Real estate, net	$ 1,593,983	$ 1,816,431
Real estate available and held for sale	137,274	167,303
Land and development	1,001,963	978,962
Loans receivable and other lending investments, net	1,601,985	1,377,843
Other investments	254,172	354,119
Cash and other assets	1,033,515	768,475
Total assets	5,622,892	5,463,133
Reserves for loan losses	36,000	33,500
Loan participations	1,539,696	1,190,172
Loan Participations Payable
Debt Instrument [Line Items]
Loan participations	153,000
Encumbered Assets
Debt Instrument [Line Items]
Real estate, net	816,721	602,471
Real estate available and held for sale	10,593	10,496
Land and development	17,714	17,907
Loans receivable and other lending investments, net	170,162	46,515
Other investments	22,352	17,708
Cash and other assets	0	0
Total assets	1,037,542	695,097
Unencumbered Assets
Debt Instrument [Line Items]
Real estate, net	777,262	1,213,960
Real estate available and held for sale	126,681	156,807
Land and development	984,249	961,055
Loans receivable and other lending investments, net	1,314,823	1,364,828
Other investments	231,820	336,411
Cash and other assets	1,033,515	768,475
Total assets	$ 4,468,350	$ 4,801,536

Debt Obligations, net (Debt Cov

Debt Obligations, net (Debt Covenants) (Details)	12 Months Ended
	Dec. 31, 2015
Unsecured Credit Facilities
Debt Instrument [Line Items]
Minimum ratio of unencumbered assets to unsecured indebtedness	1.2
Multiple of minimum fixed charges on outstanding borrowings	1.5
Total secured credit facilities and term loans
Debt Instrument [Line Items]
Multiple of the minimum collateral coverage on outstanding borrowings	1.25
Percentage of REIT taxable income permitted for distribution under debt covenants	100.00%
2015 Revolving Credit Facility
Debt Instrument [Line Items]
Multiple of minimum fixed charges on outstanding borrowings	1.5
Multiple of the minimum collateral coverage on outstanding borrowings	1.5

Commitments and Contingencies87

Commitments and Contingencies (Narrative) (Details) - Land - Real Estate Sales $ in Millions	Jan. 22, 2015USD ($)a
Other Commitments [Line Items]
Acres of real estate property | a	1,250
Unpaid purchase price | $	$ 114
Unpaid purchase price, interest rate	12.00%

Commitments and Contingencies88

Commitments and Contingencies (Unfunded Commitments) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Percentage of capital committed to strategic investments that may be drawn down	100.00%
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments	$ 728,000
Strategic Investments	45,940
Discretionary Fundings	5,000
Total	778,940
Loans and Other Lending Investments
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments	689,014
Strategic Investments	0
Discretionary Fundings	5,000
Total	694,014
Real Estate
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments	15,626
Strategic Investments	0
Discretionary Fundings	0
Total	15,626
Other Investments
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments	23,360
Strategic Investments	45,940
Discretionary Fundings	0
Total	$ 69,300

Commitments and Contingencies89

Commitments and Contingencies (Other Commitments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 6,000	$ 5,800	$ 6,100
2,016	5,722
2,017	5,210
2,018	4,185
2,019	3,442
2,020	3,442
Thereafter	4,823
Letters of credit outstanding, amount	$ 2,200

Risk Management and Derivativ90

Risk Management and Derivatives (Risk Concentration) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)borrower
Commercial Office Real Estate
Concentration Risk [Line Items]
Concentration risk, percentage	22.50%
Land
Concentration Risk [Line Items]
Concentration risk, percentage	22.70%
Mixed Use Collateral
Concentration Risk [Line Items]
Concentration risk, percentage	15.80%
Hotel
Concentration Risk [Line Items]
Concentration risk, percentage	10.60%
CALIFORNIA
Concentration Risk [Line Items]
Concentration risk, percentage	13.60%
NEW YORK
Concentration Risk [Line Items]
Concentration risk, percentage	19.90%
Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
Customer Concentration Risk
Concentration Risk [Line Items]
Number of large borrowers or tenants | borrower	5
Large borrowers or tenants revenue | $	$ 118
Concentration risk percentage of revenue (no more than)	6.00%

Risk Management and Derivativ91

Risk Management and Derivatives (Fair Value of Derivative Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Designated as hedge
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value	$ 39	$ 52
Derivative Liabilities, Fair Value	131	478
Designated as hedge | Foreign exchange contracts
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value		0
Derivative Liabilities, Fair Value	0
Designated as hedge | Foreign exchange contracts | Other Assets
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value	39
Designated as hedge | Foreign exchange contracts | Other Liabilities
Derivative financial instruments on consolidated balance sheets
Derivative Liabilities, Fair Value		478
Designated as hedge | Interest rate swaps
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value	0
Derivative Liabilities, Fair Value		0
Designated as hedge | Interest rate swaps | Other Assets
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value		52
Designated as hedge | Interest rate swaps | Other Liabilities
Derivative financial instruments on consolidated balance sheets
Derivative Liabilities, Fair Value	131
Not designated as hedge
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value	1,483	6,309
Derivative Liabilities, Fair Value	0	0
Not designated as hedge | Foreign exchange contracts
Derivative financial instruments on consolidated balance sheets
Derivative Liabilities, Fair Value	0	0
Not designated as hedge | Foreign exchange contracts | Other Assets
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value	378	1,534
Not designated as hedge | Interest rate cap
Derivative financial instruments on consolidated balance sheets
Derivative Liabilities, Fair Value	0	0
Not designated as hedge | Interest rate cap | Other Assets
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value	$ 1,105	$ 4,775

Risk Management and Derivativ92

Risk Management and Derivatives (Classification on the Consolidated Statements of Operations) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Ineffective Portion)	[1]	$ (3,600)
Interest Expense | Interest rate cap | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)		0	$ 0	$ (1,517)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)		(626)	(56)	0
Interest Expense | Interest rate swaps | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)		(537)	(970)	869
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)		170	(6)	(310)
Earnings from Equity Method Investments | Interest rate cap | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)		(13)	(9)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)		(1)	0
Earnings from Equity Method Investments | Interest rate swaps | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)		(528)	(753)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)		(464)	(420)
Earnings from Equity Method Investments | Foreign exchange contracts | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)		(124)	(471)	393
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)		0	0	0
Other Expense | Interest rate cap | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)			(2,984)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)			0
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Ineffective Portion)			(3,634)
Other Expense | Interest rate cap | Not designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain or (Loss) Recognized in Income		(3,671)	(1,347)	0
Other Expense | Foreign exchange contracts | Not designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain or (Loss) Recognized in Income		$ 2,403	$ 7,257	$ 880
[1]	Included in "Interest expense" in the Company's consolidated statements of operations are $456, $62 and $310 for the years ended December 31, 2015, 2014 and 2013, respectively, which was reclassified out of AOCI. For the year ended December 31, 2014, $3,634 is included in "Other expense" in the Company's consolidated statements of operations (refer to Note 12) and for the years ended December 31, 2015 and 2014, $465 and $420, respectively, is included in "Earnings from equity method investments" in the Company's consolidated statements of operations which was reclassified out of AOCI.

Risk Management and Derivativ93

Risk Management and Derivatives (Foreign Exchange Contracts) (Details) € in Thousands, ₨ in Thousands, £ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2015GBP (£)	Dec. 31, 2015INR (₨)
Derivative [Line Items]
Foreign currency transaction gain (loss)	$ (100)	$ 100	$ (2,000)
Sells INR/Buys USD Forward
Derivative [Line Items]
Notional Amount	$ 6,553					₨ 456,000
Maturity	Dec. 31, 2016
Sells euro (EUR)/Buys USD Forward
Derivative [Line Items]
Notional Amount	$ 6,439			€ 5,700
Maturity	Jan. 5, 2016
Sells pound sterling (GBP)/Buys USD Forward
Derivative [Line Items]
Notional Amount	$ 4,557				£ 3,000
Maturity	Jan. 5, 2016

Risk Management and Derivativ94

Risk Management and Derivatives (Interest Rate Hedges) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Oct. 31, 2012
Derivative [Line Items]
Realized loss on interest rate hedge	[1]	$ (3,600)
Interest rate swap
Derivative [Line Items]
Secured term loan			$ 28,000
Notional Amount		$ 26,935
Derivative, Variable Rate		2.00%
Derivative, Fixed Rate		3.47%
Interest rate cap
Derivative [Line Items]
Notional Amount		$ 500,000
Fixed Rate		1.00%
Terminated Interest Rate Swap
Derivative [Line Items]
Hedge gain (loss) to be reclassified within next 12 months		$ (100)
Interest rate swaps
Derivative [Line Items]
Hedge gain (loss) to be reclassified within next 12 months		$ (500)
[1]	Included in "Interest expense" in the Company's consolidated statements of operations are $456, $62 and $310 for the years ended December 31, 2015, 2014 and 2013, respectively, which was reclassified out of AOCI. For the year ended December 31, 2014, $3,634 is included in "Other expense" in the Company's consolidated statements of operations (refer to Note 12) and for the years ended December 31, 2015 and 2014, $465 and $420, respectively, is included in "Earnings from equity method investments" in the Company's consolidated statements of operations which was reclassified out of AOCI.

Risk Management and Derivativ95

Risk Management and Derivatives (Credit Risk-Related Contingent Features) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Forward Contracts
Derivative [Line Items]
Collateral posted for hedges	$ 1	$ 3

Equity (Preferred Stock) (Detai

Equity (Preferred Stock) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Shares Issued and Outstanding	25,800,000	25,800,000
Number of days in year used in the computation of preferred stock dividends for any partial dividend period	360 days	360 days
Number of months used in the computation of preferred stock dividends for any partial dividend period	12 months	12 months
Number of days in month, dividends computation of dividends payable for any partial dividend period	30 days	30 days
Amount of preferred dividends in arrears	$ 0
Shares issued upon conversion	3.9087	3.9087
Maximum
Class of Stock [Line Items]
Number of days prior to dividend payment date that Board of Directors may elect to designate as the payment date	30 days	30 days
Minimum
Class of Stock [Line Items]
Number of days prior to dividend payment date that Board of Directors may elect to designate as the payment date	10 days	10 days
Series D
Class of Stock [Line Items]
Shares Issued and Outstanding	4,000,000	4,000,000
Par Value (in dollars per share)	$ 0.001	$ 0.001
Liquidation Preference (in dollars per share)	$ 25	$ 25
Rate per Annum	8.00%	8.00%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 2	$ 2
Dividends declared and paid	$ 8,000,000	$ 8,000,000
Series E
Class of Stock [Line Items]
Shares Issued and Outstanding	5,600,000	5,600,000
Par Value (in dollars per share)	$ 0.001	$ 0.001
Liquidation Preference (in dollars per share)	$ 25	$ 25
Rate per Annum	7.875%	7.875%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 1.97	$ 1.97
Dividends declared and paid	$ 11,000,000	$ 11,000,000
Series F
Class of Stock [Line Items]
Shares Issued and Outstanding	4,000,000	4,000,000
Par Value (in dollars per share)	$ 0.001	$ 0.001
Liquidation Preference (in dollars per share)	$ 25	$ 25
Rate per Annum	7.80%	7.80%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 1.95	$ 1.95
Dividends declared and paid	$ 7,800,000	$ 7,800,000
Series G
Class of Stock [Line Items]
Shares Issued and Outstanding	3,200,000	3,200,000
Par Value (in dollars per share)	$ 0.001	$ 0.001
Liquidation Preference (in dollars per share)	$ 25	$ 25
Rate per Annum	7.65%	7.65%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 1.91	$ 1.91
Dividends declared and paid	$ 6,100,000	$ 6,100,000
Series I
Class of Stock [Line Items]
Shares Issued and Outstanding	5,000,000	5,000,000
Par Value (in dollars per share)	$ 0.001	$ 0.001
Liquidation Preference (in dollars per share)	$ 25	$ 25
Rate per Annum	7.50%	7.50%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 1.88	$ 1.88
Dividends declared and paid	$ 9,400,000	$ 9,400,000
Series J
Class of Stock [Line Items]
Shares Issued and Outstanding	4,000,000	4,000,000
Par Value (in dollars per share)	$ 0.001	$ 0.001
Liquidation Preference (in dollars per share)	$ 50	$ 50
Rate per Annum	4.50%	4.50%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 2.25	$ 2.25
Dividends declared and paid	$ 9,000,000	$ 9,000,000
Conversion price (in dollars per share)	$ 12.79	$ 12.79
Redemption price as a percentage of liquidation preference	100.00%	100.00%

Equity (High Performance Unit P

Equity (High Performance Unit Program) (Details) $ / shares in Units, $ in Thousands	Aug. 13, 2015USD ($)$ / sharesshares	Dec. 31, 2015USD ($)voteplanshares	Dec. 31, 2014USD ($)
Class of Stock [Line Items]
HPUs outstanding (in shares)	14,888
Common stock equivalent underlying HPUs (in shares)	2,800,000
Cash exchange rate for CSE underlying HPU (in dollars per share) | $ / shares	$ 9.30
HPU cash value acquired | $	$ 9,800
Stock issued during period (in shares)	1,200,000
Stock issued | $	$ 15,200
High performance units, value | $	$ 9,800	$ 0	$ 9,800
HPU
Class of Stock [Line Items]
Stock performance award, number of voting rights per share | vote		0.25
Percentage of holders with binding commitments to tender, cash redemption	37.00%
Percentage of holders with binding commitments to tender	63.00%
High Performance Unit Program
Class of Stock [Line Items]
Stock performance award initial purchase price of participant interest | $		$ 9,800
Stock performance award, number of plans, not meet performance thresholds | plan		4
High Performance Unit Program 2002 Plan | Employee Stock Performance Award Participant | HPU
Class of Stock [Line Items]
Stock performance award common stock shares basis for distribution calculation		819,254
Stock performance award, shares outstanding, number		5,000
High Performance Unit Program 2003 Plan | Employee Stock Performance Award Participant | HPU
Class of Stock [Line Items]
Stock performance award common stock shares basis for distribution calculation		987,149
Stock performance award, shares outstanding, number		5,000
High Performance Unit Program 2004 Plan | Employee Stock Performance Award Participant | HPU
Class of Stock [Line Items]
Stock performance award common stock shares basis for distribution calculation		1,031,875
Stock performance award, shares outstanding, number		5,000

Equity (Dividends) (Details)

Equity (Dividends) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Dividends [Abstract]
Minimum percentage of taxable income (excluding net capital gains) to be distributed in order to qualify as REIT	90.00%
Percentage of taxable income (including net capital gains) to be distributed in order to qualify as REIT	100.00%
Operating loss carryforwards		$ 856.4

Equity (Stock Repurchase Progra

Equity (Stock Repurchase Program) (Details) - USD ($)	2 Months Ended	12 Months Ended
	Feb. 24, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Feb. 15, 2016	Dec. 21, 2015	Sep. 21, 2015	Aug. 13, 2015
Class of Stock [Line Items]
Common stock exchange rate for CSE underlying HPU, Shares								0.7
Stock Repurchase Program
Repurchase of common stock, authorized amount						$ 50,000,000	$ 50,000,000
Treasury stock, shares, acquired			0
Stock repurchased and retired during period, shares		5,700,000
Common stock value acquired including acquisition costs		$ 70,300,000
Repurchase of stock		$ 69,511,000	$ 0	$ 20,985,000
Average cost per share		$ 12.25
Available repurchase of common stock, authorized amount		$ 48,700,000
Subsequent Event
Stock Repurchase Program
Repurchase of common stock, authorized amount					$ 50,000,000
Stock repurchased and retired during period, shares	5,200,000
Repurchase of stock	$ 52,000,000
Average cost per share	$ 10.10

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accumulated other comprehensive income (loss) reflected in the Company's shareholders' equity
Unrealized gains (losses) on available-for-sale securities	$ (125)	$ 2,983
Unrealized gains (losses) on cash flow hedges	(690)	(409)
Unrealized losses on cumulative translation adjustment	(4,036)	(3,545)
Accumulated other comprehensive income (loss)	$ (4,851)	$ (971)

Stock-Based Compensation Pla101

Stock-Based Compensation Plans and Employee Benefits (Stock-based Compensation) (Details) $ / shares in Units, $ in Thousands	Jan. 30, 2015shares	Feb. 28, 2015shares	Jan. 31, 2015$ / sharesshares	May. 31, 2014shares	May. 31, 2013	Feb. 28, 2013	Dec. 31, 2015USD ($)Installment$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued expenses | $							$ 68,937	$ 62,866
Stock-based compensation expense | $							12,013	13,314	$ 19,261
Unrecognized compensation cost | $							$ 1,900
Weighted-average period to recognize the unrecognized compensation cost							10 months 10 days
Long-term Incentive Plan 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized							8,000,000
Long-term Incentive Plan 2006
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized							4,550,000
Number of shares reserved for grants of options							1,000,000
Long-term Incentive Plan 2006 and 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance							3,700,000
2013-2014 Performance Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of points issued (in shares)		10		73
Preferred return				9.00%
2014-2015 Performance Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of points issued (in shares)		34
All Performance Incentive Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued expenses | $							$ 16,600	7,800
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, aggregate intrinsic value | $							$ 4,991	$ 4,367
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Non-vested at Beginning of Period, Number of Shares			320,000				320,000
Granted, Number of Shares							119,000
Vested, Number of Shares							(7,000)
Forfeited, Number of Shares							(6,000)
Non-vested at End of Period, Number of Shares							426,000	320,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Non-vested at Beginning of Period, Weighted Average Grant Date Fair Value Per Share, (in dollars per share) | $ / shares			$ 12.57				$ 12.57
Granted, Weighted Average Grant Date Fair Value Per Share (in dollars per share) | $ / shares							13.65
Vested, Weighted Average Grant Date Fair Value Per Share (in dollars per share) | $ / shares							8.53
Forfeited, Weighted Average Grant Date Fair Value Per Share (in dollars per share) | $ / shares							14.66
Non-vested at End of Period, Weighted Average Grant Date Fair Value Per Share, (in dollars per share) | $ / shares							$ 12.90	$ 12.57
Fair value of units vested during period | $							$ 100	$ 39,200	$ 31,600
Performance based restricted stock units vesting on December 31, 2017 | Employees
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Non-vested at End of Period, Number of Shares							48,519
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted units	49,650
Risk-free interest rate			0.75%
Expected stock price volatility			28.14%
Performance based restricted stock units vesting on December 31, 2017 | Employees | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Vesting percentage	0.00%
Performance based restricted stock units vesting on December 31, 2017 | Employees | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Vesting percentage	200.00%
Service based restricted stock units vesting on December 31, 2017 | Employees
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Non-vested at End of Period, Number of Shares							61,557
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted units	64,196
Number of cliff installments | Installment							1
Service based restricted stock units with specified vesting dates | Employees 2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Non-vested at End of Period, Number of Shares							4,751
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Number of cliff installments | Installment							1
Performance-based restricted stock units vesting on December 31, 2016 | Employees
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Granted units	49,434
Risk-free interest rate			0.76%
Expected stock price volatility			44.84%
Service-based restricted stock units | Employees
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Non-vested at End of Period, Number of Shares							62,662
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Number of cliff installments | Installment							1
Service-based restricted stock units vesting on February 1, 2016 | Employees
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Non-vested at End of Period, Number of Shares							194,526
Service based restricted stock units vesting on May 14, 2016 | Employees
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Non-vested at End of Period, Number of Shares							4,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Vesting period					3 years	3 years
Common stock subject to sales restriction | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, aggregate intrinsic value | $							$ 4,200
Restricted shares awarded							189,241
Sale restriction period							2 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Non-vested at End of Period, Weighted Average Grant Date Fair Value Per Share, (in dollars per share) | $ / shares							$ 13.04
Shares issued							318,482

Stock-Based Compensation Pla102

Stock-Based Compensation Plans and Employee Benefits (Directors' Awards) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	119,000
Non-vested, outstanding (in shares)	426,000	320,000
Directors | CSE and Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	50,360
Options, grants in period, weighted average grant date fair value (in dollars per share)	$ 14.40
Vesting period	1 year
Non-vested, outstanding (in shares)	296,755
Aggregate intrinsic value for directors	$ 3.5
Directors | Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, grants in period, weighted average grant date fair value (in dollars per share)	$ 13.09
Shares issued for settlement (in shares)	7,494

Stock-Based Compensation Pla103

Stock-Based Compensation Plans and Employee Benefits (401(k) Plan) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Requisite service period	3 months
Defined contribution plan maximum percentage of matching contribution	50.00%
Defined contribution plan maximum percentage of employee compensation	10.00%
Gross contributions made by the Company	$ 1	$ 0.9	$ 0.9

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation of Income (Loss) from Continuing Operations used in the calculation of Basic and Diluted EPS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Income (loss) from continuing operations	[1]	$ (99,973)	$ (74,178)	$ (220,768)
Income from sales of real estate		93,816	89,943	86,658
Net (income) loss attributable to noncontrolling interests		3,722	704	(718)
Preferred dividends		(51,320)	(51,320)	(49,020)
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders, HPU holders and Participating Security Holders for basic earnings per common share		$ (53,755)	$ (34,851)	$ (183,848)
[1]	Income (loss) from continuing operations attributable to iStar Inc. was $(96.3) million, $(73.5) million and $(221.5) million for the years ended December 31, 2015, 2014 and 2013, respectively. Refer to Note 15 for details on the calculation of earnings per share.

Earnings Per Share (Earnings Al

Earnings Per Share (Earnings Allocable to Common Shares and HPUs) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerator for basic and diluted earnings per share:
Gain from discontinued operations		$ 0	$ 0	$ 22,233
Denominator for basic and diluted earnings per share:
Weighted average common shares outstanding for basic and diluted earnings per common share	[1]	84,987	85,031	84,990
Weighted average number of HPU shares—basic and diluted	[1],[2]	9	15	15
Basic and diluted earnings per share
Income (loss) from continuing operations attributable to iStar Inc. (in dollars per share)	[1]	$ (0.62)	$ (0.40)	$ (2.09)
Net income (loss) attributable to iStar Inc. (in dollars per share)	[1]	$ (0.62)	$ (0.40)	$ (1.83)
Common Stock
Numerator for basic and diluted earnings per share:
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders		$ (52,675)	$ (33,722)	$ (177,907)
Income (loss) from discontinued operations		0	0	623
Gain from discontinued operations		0	0	21,515
Net income (loss) attributable to iStar Inc. and allocable to common shareholders		$ (52,675)	$ (33,722)	$ (155,769)
Denominator for basic and diluted earnings per share:
Weighted average common shares outstanding for basic and diluted earnings per common share		84,987	85,031	84,990
Basic and diluted earnings per share
Income (loss) from continuing operations attributable to iStar Inc. (in dollars per share)		$ (0.62)	$ (0.40)	$ (2.09)
Income (loss) from discontinued operations (in dollars per share)		0	0	0.01
Gain from discontinued operations (in dollars per share)		0	0	0.25
Net income (loss) attributable to iStar Inc. (in dollars per share)		$ (0.62)	$ (0.40)	$ (1.83)
HPU's
Numerator for basic and diluted earnings per share:
Income (loss) from continuing operations attributable to iStar Inc. and allocable to HPU holders		$ (1,080)	$ (1,129)	$ (5,941)
Income (loss) from discontinued operations		0	0	21
Gain from discontinued operations		0	0	718
Net income (loss) attributable to iStar Inc. and allocable to HPU holders		$ (1,080)	$ (1,129)	$ (5,202)
Denominator for basic and diluted earnings per share:
Weighted average number of HPU shares—basic and diluted		9	15	15
Basic and diluted earnings per share
Income (loss) from continuing operations attributable to iStar Inc. (in dollars per share)		$ (120)	$ (75.27)	$ (396.07)
Income (loss) from discontinued operations (in dollars per share)		0	0	1.40
Gain from discontinued operations (in dollars per share)		0	0	47.87
Net income (loss) attributable to iStar Inc. (in dollars per share)		$ (120)	$ (75.27)	$ (346.80)
[1]	Income (loss) from continuing operations attributable to iStar Inc. was $(96.3) million, $(73.5) million and $(221.5) million for the years ended December 31, 2015, 2014 and 2013, respectively. Refer to Note 15 for details on the calculation of earnings per share.
[2]	All of the Company's outstanding High Performance Units ("HPUs") were repurchased and retired on August 13, 2015 (refer to Note 13)

Earnings Per Share (Anti-diluti

Earnings Per Share (Anti-dilutive Shares) (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Joint venture shares
Anti-dilutive shares
Anti-dilutive shares	298	298	298
3.00% convertible senior unsecured notes
Anti-dilutive shares
Anti-dilutive shares	16,992	16,992	16,992
Series J convertible perpetual preferred stock
Anti-dilutive shares
Anti-dilutive shares	15,635	15,635	15,635
1.50% convertible senior unsecured notes
Anti-dilutive shares
Anti-dilutive shares	11,567	11,567	11,567

Fair Values (Schedule of Fair V

Fair Values (Schedule of Fair Value Measurement) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2014USD ($)Loan	Dec. 31, 2015USD ($)Loan
Recurring basis | Quoted market prices in active markets (Level 1)
Assets and liabilities recorded at fair value
Derivative assets	$ 0	$ 0
Derivative liabilities	0	0
Available-for-sale securities	7,906	0
Recurring basis | Significant other observable inputs (Level 2)
Assets and liabilities recorded at fair value
Derivative assets	6,361	1,522
Derivative liabilities	478	131
Available-for-sale securities	0	0
Recurring basis | Significant unobservable inputs (Level 3)
Assets and liabilities recorded at fair value
Derivative assets	0	0
Derivative liabilities	0	0
Available-for-sale securities	0	1,161
Non-recurring basis | Quoted market prices in active markets (Level 1)
Assets and liabilities recorded at fair value
Impaired loans(3)	0	0
Impaired real estate	0
Non-recurring basis | Significant other observable inputs (Level 2)
Assets and liabilities recorded at fair value
Impaired loans(3)	0	0
Impaired real estate	0
Non-recurring basis | Significant unobservable inputs (Level 3)
Assets and liabilities recorded at fair value
Impaired loans(3)	37,169	3,200
Impaired real estate	7,102
Total | Recurring basis
Assets and liabilities recorded at fair value
Derivative assets	6,361	1,522
Derivative liabilities	478	131
Available-for-sale securities	7,906	1,161
Total | Non-recurring basis
Assets and liabilities recorded at fair value
Impaired loans(3)	37,169	3,200
Impaired real estate	7,102
Executed Foreclosure Sale Agreement [Member] | Loans Receivable Three [Member] | Non-recurring basis
Assets and liabilities recorded at fair value
Impaired loans(3)	23,500
Discounted Cash Flow | Loans Receivable | Non-recurring basis
Assets and liabilities recorded at fair value
Impaired loans(3)	$ 8,500	$ 3,200
Number of impaired loans | Loan	1	1
Fair Value Assumptions, Weighted Average Expected Term	1 year 6 months
Weighted average discount rate	4.70%
Appraisal [Member] | Loans Receivable Three [Member] | Non-recurring basis
Assets and liabilities recorded at fair value
Impaired loans(3)	$ 5,200

Fair Values (Non-recurring Basi

Fair Values (Non-recurring Basis) (Details) - Non-recurring basis - Discounted Cash Flow $ in Millions	12 Months Ended
	Dec. 31, 2015USD ($)Loanproperty	Dec. 31, 2014USD ($)Loan
Loans Receivable
Quantitative information about Level 3 fair value measures
Number of impaired loans | Loan	1	1
Impaired loans	$ 3.2	$ 8.5
Weighted average discount rate		4.70%
Land
Quantitative information about Level 3 fair value measures
Number of impaired real estate assets | property	1
Impaired real estate	$ 7.1
Weighted average discount rate	15.00%
Expected lease term	10 years

Fair Values (Narrative) (Detail

Fair Values (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financial assets:
Loans receivable and other lending investments, net	$ 1,601,985	$ 1,377,843
Financial liabilities:
Debt obligations, net	4,143,683	4,022,684
Fair Value
Financial assets:
Loans receivable and other lending investments, net	1,600,000	1,400,000
Financial liabilities:
Debt obligations, net	$ 4,300,000	$ 4,100,000

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segments) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)segments	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment Reporting
Number of reportable segments | segments	4
Operating lease income	$ 229,720	$ 243,100	$ 234,567
Interest income	134,687	122,704	108,015
Other income	49,931	81,033	48,208
Land development revenue	100,216	15,191	0
Earnings (loss) from equity method investments	32,153	94,905	41,520
Income from sales of real estate	93,816	89,943	86,658
Income (loss) from discontinued operations			2,735
Gain from discontinued operations	0	0	22,233
Total revenue and other earnings	640,523	646,876	543,936
Real estate expense	(146,750)	(163,389)	(157,441)
Land development cost of sales	(67,382)	(12,840)	0
Other expense	(6,374)	(6,340)	(8,050)
Allocated interest expense	(224,639)	(224,483)	(266,225)
Allocated general and administrative	(69,264)	(74,973)	(72,853)
Segment profit (loss)	126,114	164,851	39,367
Provision for (recovery of) loan losses	36,567	(1,714)	5,489
Impairment of assets	10,524	34,634	14,353
Loss on transfer of interest to unconsolidated subsidiary	0	0	7,373
Depreciation and amortization	65,247	73,571	71,530
Capitalized expenditures	183,269	145,238	111,553
Real estate, net	1,593,983	1,816,431
Real estate available and held for sale	137,274	167,303
Total real estate	1,731,257	1,983,734
Land and development	1,001,963	978,962
Loans receivable and other lending investments, net	1,601,985	1,377,843
Other investments	254,172	354,119
Total portfolio assets	4,589,377	4,694,658
Cash and other assets	1,033,515	768,475
Total assets	5,622,892	5,463,133
Stock-based compensation expense	12,013	13,314	19,261
Land
Segment Reporting
Income from sales of real estate	32,834	2,351	0
Operating Segments | Real Estate Finance
Segment Reporting
Operating lease income	0	0	0
Interest income	134,687	122,704	108,015
Other income	9,737	21,217	4,748
Land development revenue	0	0
Earnings (loss) from equity method investments	0	0	0
Income from sales of real estate	0	0	0
Income (loss) from discontinued operations			0
Gain from discontinued operations			0
Total revenue and other earnings	144,424	143,921	112,763
Real estate expense	0	0	0
Land development cost of sales	0	0
Other expense	(2,291)	(243)	(1,625)
Allocated interest expense	(57,109)	(58,043)	(74,377)
Allocated general and administrative	(13,128)	(13,211)	(13,186)
Segment profit (loss)	71,896	72,424	23,575
Provision for (recovery of) loan losses	36,567	(1,714)	5,489
Impairment of assets	0	0	0
Loss on transfer of interest to unconsolidated subsidiary			0
Depreciation and amortization	0	0	0
Capitalized expenditures	0	0	0
Real estate, net	0	0
Real estate available and held for sale	0	0
Total real estate	0	0
Land and development	0	0
Loans receivable and other lending investments, net	1,601,985	1,377,843
Other investments	0	0
Total portfolio assets	1,601,985	1,377,843
Operating Segments | Net Lease
Segment Reporting
Operating lease income	151,481	151,934	147,313
Interest income	0	0	0
Other income	357	4,437	250
Land development revenue	0	0
Earnings (loss) from equity method investments	5,221	3,260	2,699
Income from sales of real estate	40,082	6,206	0
Income (loss) from discontinued operations			1,484
Gain from discontinued operations			3,395
Total revenue and other earnings	197,141	165,837	155,141
Real estate expense	(21,855)	(22,967)	(22,565)
Land development cost of sales	0	0
Other expense	0	0	0
Allocated interest expense	(66,504)	(72,089)	(80,034)
Allocated general and administrative	(15,569)	(16,603)	(14,330)
Segment profit (loss)	93,213	54,178	38,212
Provision for (recovery of) loan losses	0	0	0
Impairment of assets	0	3,689	1,176
Loss on transfer of interest to unconsolidated subsidiary			0
Depreciation and amortization	38,138	38,841	38,582
Capitalized expenditures	4,195	3,933	34,076
Real estate, net	1,112,479	1,188,160
Real estate available and held for sale	0	4,521
Total real estate	1,112,479	1,192,681
Land and development	0	0
Loans receivable and other lending investments, net	0	0
Other investments	69,096	125,360
Total portfolio assets	1,181,575	1,318,041
Operating Segments | Operating Properties
Segment Reporting
Operating lease income	77,454	90,331	86,352
Interest income	0	0	0
Other income	34,637	42,000	38,164
Land development revenue	0	0
Earnings (loss) from equity method investments	1,663	1,669	5,546
Income from sales of real estate	53,734	83,737	82,603
Income (loss) from discontinued operations			1,251
Gain from discontinued operations			18,838
Total revenue and other earnings	167,488	217,737	232,754
Real estate expense	(95,888)	(113,504)	(101,044)
Land development cost of sales	0	0
Other expense	0	0	0
Allocated interest expense	(28,014)	(39,535)	(49,114)
Allocated general and administrative	(6,988)	(9,608)	(9,189)
Segment profit (loss)	36,598	55,090	73,407
Provision for (recovery of) loan losses	0	0	0
Impairment of assets	5,935	8,131	12,449
Loss on transfer of interest to unconsolidated subsidiary			0
Depreciation and amortization	24,548	32,142	30,599
Capitalized expenditures	84,103	61,186	41,131
Real estate, net	481,504	628,271
Real estate available and held for sale	137,274	162,782
Total real estate	618,778	791,053
Land and development	0	0
Loans receivable and other lending investments, net	0	0
Other investments	11,124	13,220
Total portfolio assets	629,902	804,273
Operating Segments | Land
Segment Reporting
Operating lease income	785	835	902
Interest income	0	0	0
Other income	1,219	3,327	1,474
Land development revenue	100,216	15,191
Earnings (loss) from equity method investments	16,683	14,966	(5,331)
Income from sales of real estate	0	0	4,055
Income (loss) from discontinued operations			0
Gain from discontinued operations			0
Total revenue and other earnings	118,903	34,319	1,100
Real estate expense	(29,007)	(26,918)	(33,832)
Land development cost of sales	(67,382)	(12,840)
Other expense	0	0	0
Allocated interest expense	(32,087)	(29,432)	(30,368)
Allocated general and administrative	(11,488)	(13,062)	(12,365)
Segment profit (loss)	(21,061)	(47,933)	(75,465)
Provision for (recovery of) loan losses	0	0	0
Impairment of assets	4,589	22,814	728
Loss on transfer of interest to unconsolidated subsidiary			7,373
Depreciation and amortization	1,422	1,440	1,105
Capitalized expenditures	94,971	80,119	36,346
Real estate, net	0	0
Real estate available and held for sale	0	0
Total real estate	0	0
Land and development	1,001,963	978,962
Loans receivable and other lending investments, net	0	0
Other investments	100,419	106,155
Total portfolio assets	1,102,382	1,085,117
Corporate, Non-Segment | Corporate/Other
Segment Reporting
Operating lease income	0	0	0
Interest income	0	0	0
Other income	3,981	10,052	3,572
Land development revenue	0	0
Earnings (loss) from equity method investments	8,586	75,010	38,606
Income from sales of real estate	0	0	0
Income (loss) from discontinued operations			0
Gain from discontinued operations			0
Total revenue and other earnings	12,567	85,062	42,178
Real estate expense	0	0	0
Land development cost of sales	0	0
Other expense	(4,083)	(6,097)	(6,425)
Allocated interest expense	(40,925)	(25,384)	(32,332)
Allocated general and administrative	(22,091)	(22,489)	(23,783)
Segment profit (loss)	(54,532)	31,092	(20,362)
Provision for (recovery of) loan losses	0	0	0
Impairment of assets	0	0	0
Loss on transfer of interest to unconsolidated subsidiary			0
Depreciation and amortization	1,139	1,148	1,244
Capitalized expenditures	0	0	$ 0
Real estate, net	0	0
Real estate available and held for sale	0	0
Total real estate	0	0
Land and development	0	0
Loans receivable and other lending investments, net	0	0
Other investments	73,533	109,384
Total portfolio assets	$ 73,533	$ 109,384

Segment Reporting (Reconciliati

Segment Reporting (Reconciliation of Segment Profit (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of segment profit (loss) to income (loss) from continuing operations
Segment profit									$ 126,114	$ 164,851	$ 39,367
Less: (Provision for) recovery of loan losses									(36,567)	1,714	(5,489)
Less: Impairment of assets									(10,524)	(34,634)	(14,353)
Less: Loss on transfer of interest to unconsolidated subsidiary									0	0	(7,373)
Less: Stock-based compensation expense									(12,013)	(13,314)	(19,261)
Less: Depreciation and amortization									(65,247)	(73,571)	(71,530)
Less: Income tax (expense) benefit									(7,639)	(3,912)	596
Less: Loss on early extinguishment of debt, net									(281)	(25,369)	(33,190)
Net income (loss)	$ 19,974	$ 5,958	$ (19,776)	$ (12,313)	$ (1,955)	$ 35,491	$ (3,594)	$ (14,177)	$ (6,157)	$ 15,765	$ (111,233)

Quarterly Financial Informat112

Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information [Line Items]
Revenue		$ 172,025	$ 120,487	$ 109,185	$ 112,857	$ 109,950	$ 113,486	$ 129,843	$ 108,749	$ 514,554	$ 462,028	$ 390,790
Net income (loss)		19,974	5,958	(19,776)	(12,313)	(1,955)	35,491	(3,594)	(14,177)	(6,157)	15,765	(111,233)
Earnings per common share data:
Net income (loss) attributable to iStar Inc.										$ (2,435)	$ 16,469	$ (111,951)
Earnings per share, basic and diluted (in dollars per share)	[1]									$ (0.62)	$ (0.40)	$ (1.83)
Earnings per HPU share data:
Income (loss) attributable to iStar Inc. from continuing operations—basic and diluted (in dollars per share)	[1]									$ (0.62)	$ (0.40)	$ (2.09)
Weighted average number of HPU shares—basic and diluted	[1],[2]									9	15	15
Undistributed earnings (loss) allocated to participating securities, Basic		5					2
Undistributed earnings (loss) allocated to participating securities, Diluted		5					2
Common Stock
Earnings per common share data:
Earnings per share, basic and diluted (in dollars per share)										$ (0.62)	$ (0.40)	$ (1.83)
Earnings per HPU share data:
Income (loss) attributable to iStar Inc. from continuing operations—basic and diluted (in dollars per share)										(0.62)	(0.40)	(2.09)
HPU
Earnings per common share data:
Earnings per share, basic and diluted (in dollars per share)										(120)	(75.27)	(346.80)
Earnings per HPU share data:
Income (loss) attributable to iStar Inc. from continuing operations—basic and diluted (in dollars per share)										$ (120)	$ (75.27)	$ (396.07)
Weighted average number of HPU shares—basic and diluted										9	15	15
Basic | Common Stock
Earnings per common share data:
Net income (loss) attributable to iStar Inc.		$ 7,685	$ (6,072)	$ (30,950)	$ (22,553)	$ (13,270)	$ 22,327	$ (16,207)	$ (26,572)
Earnings per share, Basic (in dollars per share)						$ (0.16)	$ 0.26	$ (0.19)	$ (0.31)
Weighted average number of shares, Basic		83,162	85,766	85,541	85,497	85,188	85,163	84,916	84,819
Basic | HPU
Earnings per HPU share data:
Net income (loss) attributable to iStar Inc.						$ (442)	$ 744	$ (542)	$ (889)
Earnings per share, Basic (in dollars per share)						$ (29.47)	$ 49.60	$ (36.13)	$ (59.27)
Diluted | Common Stock
Earnings per common share data:
Net income (loss) attributable to iStar Inc.		$ 7,684	$ (6,072)	$ (30,950)	$ (22,553)	$ (13,270)	$ 27,608	$ (16,207)	$ (26,572)
Earnings per share, Diluted (in dollars per share)						$ (0.16)	$ 0.21	$ (0.19)	$ (0.31)
Weighted average number of shares, Diluted		83,581	85,766	85,541	85,497	85,188	130,160	84,916	84,819
Diluted | HPU
Earnings per HPU share data:
Net income (loss) attributable to iStar Inc.						$ (442)	$ 602	$ (542)	$ (889)
Earnings per share, Diluted (in dollars per share)						$ (29.47)	$ 40.13	$ (36.13)	$ (59.27)
Basic and Diluted | Common Stock
Earnings per common share data:
Earnings per share, basic and diluted (in dollars per share)		$ 0.09	$ (0.07)	$ (0.36)	$ (0.26)
Earnings per HPU share data:
Net income (loss) attributable to iStar Inc.		$ 0	$ (94)	$ (1,027)	$ (749)
Income (loss) attributable to iStar Inc. from continuing operations—basic and diluted (in dollars per share)		$ 0	$ (13.41)	$ (68.47)	$ (49.93)
Basic and Diluted | HPU
Earnings per HPU share data:
Weighted average number of HPU shares—basic and diluted		0	7	15	15	15	15	15	15
[1]	Income (loss) from continuing operations attributable to iStar Inc. was $(96.3) million, $(73.5) million and $(221.5) million for the years ended December 31, 2015, 2014 and 2013, respectively. Refer to Note 15 for details on the calculation of earnings per share.
[2]	All of the Company's outstanding High Performance Units ("HPUs") were repurchased and retired on August 13, 2015 (refer to Note 13)

Schedule II - Valuation and 113

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 156,454	$ 439,323	$ 570,975
Charged to Costs and Expenses	37,616	(5,886)	1,277
Adjustments to Valuation Accounts	(98)	4,302	19,855
Deductions	(28,513)	(281,285)	(152,784)
Balance at End of Period	156,454	439,323	570,975	$ 165,459
Loans Receivable Allowance
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	98,490	377,204	524,499
Charged to Costs and Expenses	36,567	(1,714)	5,489
Adjustments to Valuation Accounts	0	0	0
Deductions	(26,892)	(277,000)	(152,784)
Balance at End of Period	98,490	377,204	524,499	108,165
Allowance for Doubtful Accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	3,646	5,857	5,596
Charged to Costs and Expenses	1,359	2,074	261
Adjustments to Valuation Accounts	0	0	0
Deductions	(1,621)	(4,285)	0
Balance at End of Period	3,646	5,857	5,596	3,384
Valuation Allowance of Deferred Tax Assets
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	54,318	56,262	40,880
Charged to Costs and Expenses	(310)	(6,246)	(4,473)
Adjustments to Valuation Accounts	(98)	4,302	19,855
Deductions	0	0	0
Balance at End of Period	$ 54,318	$ 56,262	$ 40,880	$ 53,910

Schedule III - Real Estate a114

Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 239,547
Initial Cost to Company, Land	1,452,532
Initial Cost to Company, Building and Improvements	1,781,562
Cost Capitalized Subsequent to Acquisition	(33,752)
Gross Amount Carried at Close of Period, Land	1,383,854
Gross Amount Carried at Close of Period, Building and Improvements	1,816,488
Gross Amount Carried at Close of Period, Total	3,200,342	$ 3,444,676	$ 3,589,072	$ 3,763,310
Accumulated Depreciation	(467,122)	$ (481,980)	$ (432,374)	$ (388,346)
Properties pledged as collateral	591,400
Aggregate cost for federal income tax purposes	3,410,000
Office Facilities
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	100,795
Initial Cost to Company, Land	39,809
Initial Cost to Company, Building and Improvements	362,620
Cost Capitalized Subsequent to Acquisition	45,328
Gross Amount Carried at Close of Period, Land	40,816
Gross Amount Carried at Close of Period, Building and Improvements	406,941
Gross Amount Carried at Close of Period, Total	447,757
Accumulated Depreciation	(142,048)
Office Facilities | Arizona OAZ 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	1,033
Initial Cost to Company, Building and Improvements	6,652
Cost Capitalized Subsequent to Acquisition	980
Gross Amount Carried at Close of Period, Land	1,033
Gross Amount Carried at Close of Period, Building and Improvements	7,632
Gross Amount Carried at Close of Period, Total	8,665
Accumulated Depreciation	$ (3,133)
Depreciable Life	40 years
Office Facilities | Arizona OAZ 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,033
Initial Cost to Company, Building and Improvements	6,652
Cost Capitalized Subsequent to Acquisition	287
Gross Amount Carried at Close of Period, Land	1,033
Gross Amount Carried at Close of Period, Building and Improvements	6,939
Gross Amount Carried at Close of Period, Total	7,972
Accumulated Depreciation	$ (2,766)
Depreciable Life	40 years
Office Facilities | Arizona OAZ 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,033
Initial Cost to Company, Building and Improvements	6,652
Cost Capitalized Subsequent to Acquisition	205
Gross Amount Carried at Close of Period, Land	1,033
Gross Amount Carried at Close of Period, Building and Improvements	6,857
Gross Amount Carried at Close of Period, Total	7,890
Accumulated Depreciation	$ (2,755)
Depreciable Life	40 years
Office Facilities | Arizona OAZ 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	701
Initial Cost to Company, Building and Improvements	4,339
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	701
Gross Amount Carried at Close of Period, Building and Improvements	4,339
Gross Amount Carried at Close of Period, Total	5,040
Accumulated Depreciation	$ (1,754)
Depreciable Life	40 years
Office Facilities | California OCA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	4,139
Initial Cost to Company, Building and Improvements	5,064
Cost Capitalized Subsequent to Acquisition	1,596
Gross Amount Carried at Close of Period, Land	4,139
Gross Amount Carried at Close of Period, Building and Improvements	6,660
Gross Amount Carried at Close of Period, Total	10,799
Accumulated Depreciation	$ (2,512)
Depreciable Life	40 years
Office Facilities | Colorado OCO 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,757
Initial Cost to Company, Building and Improvements	16,930
Cost Capitalized Subsequent to Acquisition	6,503
Gross Amount Carried at Close of Period, Land	1,757
Gross Amount Carried at Close of Period, Building and Improvements	23,433
Gross Amount Carried at Close of Period, Total	25,190
Accumulated Depreciation	$ (9,943)
Depreciable Life	40 years
Office Facilities | Colorado OCO 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,860
Initial Cost to Company, Land	0
Initial Cost to Company, Building and Improvements	16,752
Cost Capitalized Subsequent to Acquisition	48
Gross Amount Carried at Close of Period, Land	0
Gross Amount Carried at Close of Period, Building and Improvements	16,800
Gross Amount Carried at Close of Period, Total	16,800
Accumulated Depreciation	$ (5,776)
Depreciable Life	40 years
Office Facilities | Florida OFL 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,517
Initial Cost to Company, Building and Improvements	14,484
Cost Capitalized Subsequent to Acquisition	7,477
Gross Amount Carried at Close of Period, Land	2,517
Gross Amount Carried at Close of Period, Building and Improvements	21,961
Gross Amount Carried at Close of Period, Total	24,478
Accumulated Depreciation	$ (3,026)
Depreciable Life	40 years
Office Facilities | Georgia OGA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	905
Initial Cost to Company, Building and Improvements	6,744
Cost Capitalized Subsequent to Acquisition	177
Gross Amount Carried at Close of Period, Land	905
Gross Amount Carried at Close of Period, Building and Improvements	6,921
Gross Amount Carried at Close of Period, Total	7,826
Accumulated Depreciation	$ (3,169)
Depreciable Life	40 years
Office Facilities | Georgia OGA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,709
Initial Cost to Company, Building and Improvements	49,091
Cost Capitalized Subsequent to Acquisition	25,480
Gross Amount Carried at Close of Period, Land	5,709
Gross Amount Carried at Close of Period, Building and Improvements	74,571
Gross Amount Carried at Close of Period, Total	80,280
Accumulated Depreciation	$ (27,262)
Depreciable Life	40 years
Office Facilities | Maryland OMD 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 11,111
Initial Cost to Company, Land	1,800
Initial Cost to Company, Building and Improvements	18,706
Cost Capitalized Subsequent to Acquisition	743
Gross Amount Carried at Close of Period, Land	1,800
Gross Amount Carried at Close of Period, Building and Improvements	19,449
Gross Amount Carried at Close of Period, Total	21,249
Accumulated Depreciation	$ (6,555)
Depreciable Life	40 years
Office Facilities | Massachusetts OMA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 10,997
Initial Cost to Company, Land	1,600
Initial Cost to Company, Building and Improvements	21,947
Cost Capitalized Subsequent to Acquisition	285
Gross Amount Carried at Close of Period, Land	1,600
Gross Amount Carried at Close of Period, Building and Improvements	22,232
Gross Amount Carried at Close of Period, Total	23,832
Accumulated Depreciation	$ (7,704)
Depreciable Life	40 years
Office Facilities | New Jersey ONJ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 51,794
Initial Cost to Company, Land	7,726
Initial Cost to Company, Building and Improvements	74,429
Cost Capitalized Subsequent to Acquisition	10
Gross Amount Carried at Close of Period, Land	7,724
Gross Amount Carried at Close of Period, Building and Improvements	74,441
Gross Amount Carried at Close of Period, Total	82,165
Accumulated Depreciation	$ (24,308)
Depreciable Life	40 years
Office Facilities | New Jersey ONJ 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 9,743
Initial Cost to Company, Land	1,008
Initial Cost to Company, Building and Improvements	13,763
Cost Capitalized Subsequent to Acquisition	180
Gross Amount Carried at Close of Period, Land	1,008
Gross Amount Carried at Close of Period, Building and Improvements	13,943
Gross Amount Carried at Close of Period, Total	14,951
Accumulated Depreciation	$ (4,069)
Depreciable Life	40 years
Office Facilities | New Jersey ONJ 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13,290
Initial Cost to Company, Land	2,456
Initial Cost to Company, Building and Improvements	28,955
Cost Capitalized Subsequent to Acquisition	774
Gross Amount Carried at Close of Period, Land	2,456
Gross Amount Carried at Close of Period, Building and Improvements	29,729
Gross Amount Carried at Close of Period, Total	32,185
Accumulated Depreciation	$ (8,724)
Depreciable Life	40 years
Office Facilities | Pennsylvania OPA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	690
Initial Cost to Company, Building and Improvements	26,098
Cost Capitalized Subsequent to Acquisition	(49)
Gross Amount Carried at Close of Period, Land	690
Gross Amount Carried at Close of Period, Building and Improvements	26,049
Gross Amount Carried at Close of Period, Total	26,739
Accumulated Depreciation	$ (9,307)
Depreciable Life	40 years
Office Facilities | Texas OTX 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,364
Initial Cost to Company, Building and Improvements	10,628
Cost Capitalized Subsequent to Acquisition	5,739
Gross Amount Carried at Close of Period, Land	2,373
Gross Amount Carried at Close of Period, Building and Improvements	15,358
Gross Amount Carried at Close of Period, Total	17,731
Accumulated Depreciation	$ (6,144)
Depreciable Life	40 years
Office Facilities | Texas OTX 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,233
Initial Cost to Company, Building and Improvements	15,160
Cost Capitalized Subsequent to Acquisition	153
Gross Amount Carried at Close of Period, Land	1,233
Gross Amount Carried at Close of Period, Building and Improvements	15,313
Gross Amount Carried at Close of Period, Total	16,546
Accumulated Depreciation	$ (5,864)
Depreciable Life	40 years
Office Facilities | Texas OTX 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,230
Initial Cost to Company, Building and Improvements	5,660
Cost Capitalized Subsequent to Acquisition	887
Gross Amount Carried at Close of Period, Land	1,230
Gross Amount Carried at Close of Period, Building and Improvements	6,547
Gross Amount Carried at Close of Period, Total	7,777
Accumulated Depreciation	$ (2,459)
Depreciable Life	40 years
Office Facilities | Wisconsin OWI 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,875
Initial Cost to Company, Building and Improvements	13,914
Cost Capitalized Subsequent to Acquisition	(6,147)
Gross Amount Carried at Close of Period, Land	1,875
Gross Amount Carried at Close of Period, Building and Improvements	7,767
Gross Amount Carried at Close of Period, Total	9,642
Accumulated Depreciation	$ (4,818)
Depreciable Life	40 years
Industrial Facilities
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 138,752
Initial Cost to Company, Land	106,128
Initial Cost to Company, Building and Improvements	325,838
Cost Capitalized Subsequent to Acquisition	76,825
Gross Amount Carried at Close of Period, Land	105,055
Gross Amount Carried at Close of Period, Building and Improvements	403,736
Gross Amount Carried at Close of Period, Total	508,791
Accumulated Depreciation	(114,866)
Industrial Facilities | Arizona IAZ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	2,519
Initial Cost to Company, Building and Improvements	7,481
Cost Capitalized Subsequent to Acquisition	1,435
Gross Amount Carried at Close of Period, Land	2,519
Gross Amount Carried at Close of Period, Building and Improvements	8,916
Gross Amount Carried at Close of Period, Total	11,435
Accumulated Depreciation	$ (1,654)
Depreciable Life	40 years
Industrial Facilities | Arizona IAZ 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,279
Initial Cost to Company, Building and Improvements	5,221
Cost Capitalized Subsequent to Acquisition	3,218
Gross Amount Carried at Close of Period, Land	3,279
Gross Amount Carried at Close of Period, Building and Improvements	8,439
Gross Amount Carried at Close of Period, Total	11,718
Accumulated Depreciation	$ (1,745)
Depreciable Life	40 years
Industrial Facilities | California ICA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 17,425
Initial Cost to Company, Land	11,635
Initial Cost to Company, Building and Improvements	19,515
Cost Capitalized Subsequent to Acquisition	5,943
Gross Amount Carried at Close of Period, Land	11,635
Gross Amount Carried at Close of Period, Building and Improvements	25,458
Gross Amount Carried at Close of Period, Total	37,093
Accumulated Depreciation	$ (5,132)
Depreciable Life	40 years
Industrial Facilities | California ICA 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	654
Initial Cost to Company, Building and Improvements	4,591
Cost Capitalized Subsequent to Acquisition	2,099
Gross Amount Carried at Close of Period, Land	654
Gross Amount Carried at Close of Period, Building and Improvements	6,690
Gross Amount Carried at Close of Period, Total	7,344
Accumulated Depreciation	$ (3,057)
Depreciable Life	40 years
Industrial Facilities | California ICA 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,086
Initial Cost to Company, Building and Improvements	7,964
Cost Capitalized Subsequent to Acquisition	2,876
Gross Amount Carried at Close of Period, Land	1,086
Gross Amount Carried at Close of Period, Building and Improvements	10,840
Gross Amount Carried at Close of Period, Total	11,926
Accumulated Depreciation	$ (5,057)
Depreciable Life	40 years
Industrial Facilities | California ICA 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	4,880
Initial Cost to Company, Building and Improvements	12,367
Cost Capitalized Subsequent to Acquisition	3,550
Gross Amount Carried at Close of Period, Land	4,880
Gross Amount Carried at Close of Period, Building and Improvements	15,917
Gross Amount Carried at Close of Period, Total	20,797
Accumulated Depreciation	$ (6,141)
Depreciable Life	40 years
Industrial Facilities | California ICA 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	6,857
Initial Cost to Company, Building and Improvements	8,378
Cost Capitalized Subsequent to Acquisition	1,643
Gross Amount Carried at Close of Period, Land	6,856
Gross Amount Carried at Close of Period, Building and Improvements	10,022
Gross Amount Carried at Close of Period, Total	16,878
Accumulated Depreciation	$ (3,676)
Depreciable Life	40 years
Industrial Facilities | California ICA 012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,044
Initial Cost to Company, Building and Improvements	3,716
Cost Capitalized Subsequent to Acquisition	3,677
Gross Amount Carried at Close of Period, Land	3,044
Gross Amount Carried at Close of Period, Building and Improvements	7,393
Gross Amount Carried at Close of Period, Total	10,437
Accumulated Depreciation	$ (2,662)
Depreciable Life	40 years
Industrial Facilities | California ICA 013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,633
Initial Cost to Company, Building and Improvements	3,219
Cost Capitalized Subsequent to Acquisition	290
Gross Amount Carried at Close of Period, Land	2,633
Gross Amount Carried at Close of Period, Building and Improvements	3,509
Gross Amount Carried at Close of Period, Total	6,142
Accumulated Depreciation	$ (1,331)
Depreciable Life	40 years
Industrial Facilities | California ICA 014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	4,600
Initial Cost to Company, Building and Improvements	5,627
Cost Capitalized Subsequent to Acquisition	4,114
Gross Amount Carried at Close of Period, Land	4,600
Gross Amount Carried at Close of Period, Building and Improvements	9,741
Gross Amount Carried at Close of Period, Total	14,341
Accumulated Depreciation	$ (2,697)
Depreciable Life	40 years
Industrial Facilities | California ICA 015
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,617
Initial Cost to Company, Building and Improvements	6,877
Cost Capitalized Subsequent to Acquisition	5,501
Gross Amount Carried at Close of Period, Land	5,619
Gross Amount Carried at Close of Period, Building and Improvements	12,376
Gross Amount Carried at Close of Period, Total	17,995
Accumulated Depreciation	$ (7,368)
Depreciable Life	40 years
Industrial Facilities | California ICA 016
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 26,935
Initial Cost to Company, Land	15,708
Initial Cost to Company, Building and Improvements	27,987
Cost Capitalized Subsequent to Acquisition	7,619
Gross Amount Carried at Close of Period, Land	15,708
Gross Amount Carried at Close of Period, Building and Improvements	35,606
Gross Amount Carried at Close of Period, Total	51,314
Accumulated Depreciation	$ (16,343)
Depreciable Life	40 years
Industrial Facilities | California ICA 017
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	808
Initial Cost to Company, Building and Improvements	8,306
Cost Capitalized Subsequent to Acquisition	588
Gross Amount Carried at Close of Period, Land	808
Gross Amount Carried at Close of Period, Building and Improvements	8,894
Gross Amount Carried at Close of Period, Total	9,702
Accumulated Depreciation	$ (3,469)
Depreciable Life	40 years
Industrial Facilities | Colorado ICO 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	832
Initial Cost to Company, Building and Improvements	1,379
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	832
Gross Amount Carried at Close of Period, Building and Improvements	1,379
Gross Amount Carried at Close of Period, Total	2,211
Accumulated Depreciation	$ (323)
Depreciable Life	40 years
Industrial Facilities | Florida IFL 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 15,095
Initial Cost to Company, Land	3,510
Initial Cost to Company, Building and Improvements	20,846
Cost Capitalized Subsequent to Acquisition	8,279
Gross Amount Carried at Close of Period, Land	3,510
Gross Amount Carried at Close of Period, Building and Improvements	29,125
Gross Amount Carried at Close of Period, Total	32,635
Accumulated Depreciation	$ (5,523)
Depreciable Life	40 years
Industrial Facilities | Florida IFL 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,048
Initial Cost to Company, Building and Improvements	8,676
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	3,048
Gross Amount Carried at Close of Period, Building and Improvements	8,676
Gross Amount Carried at Close of Period, Total	11,724
Accumulated Depreciation	$ (3,506)
Depreciable Life	40 years
Industrial Facilities | Florida IFL 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,612
Initial Cost to Company, Building and Improvements	4,586
Cost Capitalized Subsequent to Acquisition	(1,408)
Gross Amount Carried at Close of Period, Land	1,241
Gross Amount Carried at Close of Period, Building and Improvements	3,549
Gross Amount Carried at Close of Period, Total	4,790
Accumulated Depreciation	$ (891)
Depreciable Life	40 years
Industrial Facilities | Florida IFL 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,476
Initial Cost to Company, Building and Improvements	4,198
Cost Capitalized Subsequent to Acquisition	(4,497)
Gross Amount Carried at Close of Period, Land	450
Gross Amount Carried at Close of Period, Building and Improvements	727
Gross Amount Carried at Close of Period, Total	1,177
Accumulated Depreciation	$ (606)
Depreciable Life	40 years
Industrial Facilities | Georgia IGA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13,139
Initial Cost to Company, Land	2,791
Initial Cost to Company, Building and Improvements	24,637
Cost Capitalized Subsequent to Acquisition	349
Gross Amount Carried at Close of Period, Land	2,791
Gross Amount Carried at Close of Period, Building and Improvements	24,986
Gross Amount Carried at Close of Period, Total	27,777
Accumulated Depreciation	$ (5,112)
Depreciable Life	40 years
Industrial Facilities | Indiana IIN 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	462
Initial Cost to Company, Building and Improvements	9,224
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	462
Gross Amount Carried at Close of Period, Building and Improvements	9,224
Gross Amount Carried at Close of Period, Total	9,686
Accumulated Depreciation	$ (2,596)
Depreciable Life	40 years
Industrial Facilities | Massachusetts IMA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 18,077
Initial Cost to Company, Land	7,439
Initial Cost to Company, Building and Improvements	21,774
Cost Capitalized Subsequent to Acquisition	10,979
Gross Amount Carried at Close of Period, Land	7,439
Gross Amount Carried at Close of Period, Building and Improvements	32,753
Gross Amount Carried at Close of Period, Total	40,192
Accumulated Depreciation	$ (6,209)
Depreciable Life	40 years
Industrial Facilities | Michigan IMI 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	598
Initial Cost to Company, Building and Improvements	9,814
Cost Capitalized Subsequent to Acquisition	1
Gross Amount Carried at Close of Period, Land	598
Gross Amount Carried at Close of Period, Building and Improvements	9,815
Gross Amount Carried at Close of Period, Total	10,413
Accumulated Depreciation	$ (2,790)
Depreciable Life	40 years
Industrial Facilities | Minnesota IMN 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	403
Initial Cost to Company, Building and Improvements	1,147
Cost Capitalized Subsequent to Acquisition	(344)
Gross Amount Carried at Close of Period, Land	1,206
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	1,206
Accumulated Depreciation	$ 0
Depreciable Life	40 years
Industrial Facilities | Minnesota IMN 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	6,705
Initial Cost to Company, Building and Improvements	17,690
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	6,225
Gross Amount Carried at Close of Period, Building and Improvements	18,170
Gross Amount Carried at Close of Period, Total	24,395
Accumulated Depreciation	$ (4,956)
Depreciable Life	40 years
Industrial Facilities | New Jersey INJ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 20,966
Initial Cost to Company, Land	8,368
Initial Cost to Company, Building and Improvements	15,376
Cost Capitalized Subsequent to Acquisition	21,141
Gross Amount Carried at Close of Period, Land	8,368
Gross Amount Carried at Close of Period, Building and Improvements	36,517
Gross Amount Carried at Close of Period, Total	44,885
Accumulated Depreciation	$ (6,998)
Depreciable Life	40 years
Industrial Facilities | Texas ITX 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 13,045
Initial Cost to Company, Land	1,631
Initial Cost to Company, Building and Improvements	27,858
Cost Capitalized Subsequent to Acquisition	(416)
Gross Amount Carried at Close of Period, Land	1,631
Gross Amount Carried at Close of Period, Building and Improvements	27,442
Gross Amount Carried at Close of Period, Total	29,073
Accumulated Depreciation	$ (5,557)
Depreciable Life	40 years
Industrial Facilities | Texas ITX 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,314
Initial Cost to Company, Building and Improvements	8,903
Cost Capitalized Subsequent to Acquisition	46
Gross Amount Carried at Close of Period, Land	1,314
Gross Amount Carried at Close of Period, Building and Improvements	8,949
Gross Amount Carried at Close of Period, Total	10,263
Accumulated Depreciation	$ (3,613)
Depreciable Life	40 years
Industrial Facilities | Virginia IVA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 14,070
Initial Cost to Company, Land	2,619
Initial Cost to Company, Building and Improvements	28,481
Cost Capitalized Subsequent to Acquisition	142
Gross Amount Carried at Close of Period, Land	2,619
Gross Amount Carried at Close of Period, Building and Improvements	28,623
Gross Amount Carried at Close of Period, Total	31,242
Accumulated Depreciation	$ (5,854)
Depreciable Life	40 years
Land
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	889,008
Initial Cost to Company, Building and Improvements	7,980
Cost Capitalized Subsequent to Acquisition	102,049
Gross Amount Carried at Close of Period, Land	941,290
Gross Amount Carried at Close of Period, Building and Improvements	57,747
Gross Amount Carried at Close of Period, Total	999,037
Accumulated Depreciation	$ (6,068)
Land | Minimum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life	15 years
Land | Maximum
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciable Life	20 years
Land | Arizona LAZ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	96,700
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	96,700
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	96,700
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Arizona LAZ 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	13,170
Initial Cost to Company, Building and Improvements	5,144
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	13,170
Gross Amount Carried at Close of Period, Building and Improvements	5,144
Gross Amount Carried at Close of Period, Total	18,314
Accumulated Depreciation	$ (600)
Depreciable Life	0 years
Land | Arizona LAZ 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,400
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,400
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	1,400
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | California LCA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	28,464
Initial Cost to Company, Building and Improvements	2,836
Cost Capitalized Subsequent to Acquisition	(11,000)
Gross Amount Carried at Close of Period, Land	17,464
Gross Amount Carried at Close of Period, Building and Improvements	2,836
Gross Amount Carried at Close of Period, Total	20,300
Accumulated Depreciation	$ (2,836)
Depreciable Life	0 years
Land | California LCA 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	87,300
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	(4,998)
Gross Amount Carried at Close of Period, Land	82,302
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	82,302
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | California LCA 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	68,155
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	(20,942)
Gross Amount Carried at Close of Period, Land	47,213
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	47,213
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | California LCA 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	84,100
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	8,625
Gross Amount Carried at Close of Period, Land	92,725
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	92,725
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | California LCA 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	59,100
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	59,100
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	59,100
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Florida LFA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	7,600
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	7,600
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	7,600
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Florida LFA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	8,100
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	8,100
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	8,100
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Florida LFA 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,883
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	235
Gross Amount Carried at Close of Period, Land	5,883
Gross Amount Carried at Close of Period, Building and Improvements	235
Gross Amount Carried at Close of Period, Total	6,118
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Flordia LFA 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	9,300
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	(129)
Gross Amount Carried at Close of Period, Land	9,171
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	9,171
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Florida LFA 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	26,600
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	39,572
Gross Amount Carried at Close of Period, Land	26,600
Gross Amount Carried at Close of Period, Building and Improvements	39,572
Gross Amount Carried at Close of Period, Total	66,172
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Georgia LGA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,800
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	3,800
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	$ 3,800
Accumulated Depreciation
Depreciable Life	0 years
Land | Georgia LGA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,400
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,400
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	$ 1,400
Accumulated Depreciation
Depreciable Life	0 years
Land | Maryland LMD 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	102,938
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	102,938
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	102,938
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Maryland LMD 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,486
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	2,486
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	2,486
Accumulated Depreciation	$ (361)
Depreciable Life	70 years
Land | Michigan OMI 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,374
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	5,374
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	5,374
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | New Jersey LNJ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	43,300
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	70,231
Gross Amount Carried at Close of Period, Land	113,531
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	113,531
Accumulated Depreciation	$ (313)
Depreciable Life	0 years
Land | New York LNY 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	58,900
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	(9,506)
Gross Amount Carried at Close of Period, Land	49,394
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	49,394
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | New York LNY 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,277
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	7,435
Gross Amount Carried at Close of Period, Land	3,277
Gross Amount Carried at Close of Period, Building and Improvements	7,435
Gross Amount Carried at Close of Period, Total	10,712
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | New York LNY 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	52,461
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	2,525
Gross Amount Carried at Close of Period, Land	52,461
Gross Amount Carried at Close of Period, Building and Improvements	2,525
Gross Amount Carried at Close of Period, Total	54,986
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Oregon LOR 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	20,326
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	(8,924)
Gross Amount Carried at Close of Period, Land	11,402
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	11,402
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Texas LTX 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,375
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	3,375
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	3,375
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Texas LTX 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,621
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	3,621
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	3,621
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Land | Virginia LVA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	72,138
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	28,925
Gross Amount Carried at Close of Period, Land	101,063
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	101,063
Accumulated Depreciation	$ (1,958)
Depreciable Life	0 years
Entertainment
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	125,652
Initial Cost to Company, Building and Improvements	243,033
Cost Capitalized Subsequent to Acquisition	92,113
Gross Amount Carried at Close of Period, Land	125,635
Gross Amount Carried at Close of Period, Building and Improvements	335,163
Gross Amount Carried at Close of Period, Total	460,798
Accumulated Depreciation	(93,586)
Entertainment | Alabama EAL 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	277
Initial Cost to Company, Building and Improvements	359
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	277
Gross Amount Carried at Close of Period, Building and Improvements	356
Gross Amount Carried at Close of Period, Total	633
Accumulated Depreciation	$ (106)
Depreciable Life	40 years
Entertainment | Alabama EAL 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	319
Initial Cost to Company, Building and Improvements	414
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	319
Gross Amount Carried at Close of Period, Building and Improvements	414
Gross Amount Carried at Close of Period, Total	733
Accumulated Depreciation	$ (122)
Depreciable Life	40 years
Entertainment | Arizona EAZ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	793
Initial Cost to Company, Building and Improvements	1,027
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	793
Gross Amount Carried at Close of Period, Building and Improvements	1,027
Gross Amount Carried at Close of Period, Total	1,820
Accumulated Depreciation	$ (303)
Depreciable Life	40 years
Entertainment | Arizona EAZ 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	521
Initial Cost to Company, Building and Improvements	673
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	521
Gross Amount Carried at Close of Period, Building and Improvements	669
Gross Amount Carried at Close of Period, Total	1,190
Accumulated Depreciation	$ (199)
Depreciable Life	40 years
Entertainment | Arizona EAZ 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	305
Initial Cost to Company, Building and Improvements	394
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	305
Gross Amount Carried at Close of Period, Building and Improvements	391
Gross Amount Carried at Close of Period, Total	696
Accumulated Depreciation	$ (117)
Depreciable Life	40 years
Entertainment | Arizona EAZ 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	630
Initial Cost to Company, Building and Improvements	815
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	630
Gross Amount Carried at Close of Period, Building and Improvements	815
Gross Amount Carried at Close of Period, Total	1,445
Accumulated Depreciation	$ (241)
Depreciable Life	40 years
Entertainment | Arizona EAZ 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	590
Initial Cost to Company, Building and Improvements	764
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	590
Gross Amount Carried at Close of Period, Building and Improvements	764
Gross Amount Carried at Close of Period, Total	1,354
Accumulated Depreciation	$ (226)
Depreciable Life	40 years
Entertainment | Arizona EAZ 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	476
Initial Cost to Company, Building and Improvements	616
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	476
Gross Amount Carried at Close of Period, Building and Improvements	612
Gross Amount Carried at Close of Period, Total	1,088
Accumulated Depreciation	$ (182)
Depreciable Life	40 years
Entertainment | Arizona EAZ 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	654
Initial Cost to Company, Building and Improvements	845
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	654
Gross Amount Carried at Close of Period, Building and Improvements	839
Gross Amount Carried at Close of Period, Total	1,493
Accumulated Depreciation	$ (250)
Depreciable Life	40 years
Entertainment | Arizona EAZ 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	666
Initial Cost to Company, Building and Improvements	862
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	666
Gross Amount Carried at Close of Period, Building and Improvements	856
Gross Amount Carried at Close of Period, Total	1,522
Accumulated Depreciation	$ (255)
Depreciable Life	40 years
Entertainment | Arizona EAZ 009
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	460
Initial Cost to Company, Building and Improvements	596
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	460
Gross Amount Carried at Close of Period, Building and Improvements	596
Gross Amount Carried at Close of Period, Total	1,056
Accumulated Depreciation	$ (176)
Depreciable Life	40 years
Entertainment | California ECA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,097
Initial Cost to Company, Building and Improvements	1,421
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,097
Gross Amount Carried at Close of Period, Building and Improvements	1,421
Gross Amount Carried at Close of Period, Total	2,518
Accumulated Depreciation	$ (419)
Depreciable Life	40 years
Entertainment | California ECA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	434
Initial Cost to Company, Building and Improvements	560
Cost Capitalized Subsequent to Acquisition	1
Gross Amount Carried at Close of Period, Land	434
Gross Amount Carried at Close of Period, Building and Improvements	561
Gross Amount Carried at Close of Period, Total	995
Accumulated Depreciation	$ (166)
Depreciable Life	40 years
Entertainment | California ECA 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	332
Initial Cost to Company, Building and Improvements	429
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	332
Gross Amount Carried at Close of Period, Building and Improvements	429
Gross Amount Carried at Close of Period, Total	761
Accumulated Depreciation	$ (127)
Depreciable Life	40 years
Entertainment | California ECA 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	676
Initial Cost to Company, Building and Improvements	876
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	676
Gross Amount Carried at Close of Period, Building and Improvements	876
Gross Amount Carried at Close of Period, Total	1,552
Accumulated Depreciation	$ (259)
Depreciable Life	40 years
Entertainment | California ECA 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	720
Initial Cost to Company, Building and Improvements	932
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	720
Gross Amount Carried at Close of Period, Building and Improvements	932
Gross Amount Carried at Close of Period, Total	1,652
Accumulated Depreciation	$ (275)
Depreciable Life	40 years
Entertainment | California ECA 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	574
Initial Cost to Company, Building and Improvements	743
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	574
Gross Amount Carried at Close of Period, Building and Improvements	738
Gross Amount Carried at Close of Period, Total	1,312
Accumulated Depreciation	$ (220)
Depreciable Life	40 years
Entertainment | California ECA 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	392
Initial Cost to Company, Building and Improvements	508
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	392
Gross Amount Carried at Close of Period, Building and Improvements	504
Gross Amount Carried at Close of Period, Total	896
Accumulated Depreciation	$ (150)
Depreciable Life	40 years
Entertainment | California ECA 009
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	358
Initial Cost to Company, Building and Improvements	464
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	358
Gross Amount Carried at Close of Period, Building and Improvements	461
Gross Amount Carried at Close of Period, Total	819
Accumulated Depreciation	$ (137)
Depreciable Life	40 years
Entertainment | California ECA 010
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	0
Initial Cost to Company, Building and Improvements	18,000
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	0
Gross Amount Carried at Close of Period, Building and Improvements	18,000
Gross Amount Carried at Close of Period, Total	18,000
Accumulated Depreciation	$ (5,184)
Depreciable Life	40 years
Entertainment | California ECA 011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	852
Initial Cost to Company, Building and Improvements	1,101
Cost Capitalized Subsequent to Acquisition	(8)
Gross Amount Carried at Close of Period, Land	852
Gross Amount Carried at Close of Period, Building and Improvements	1,093
Gross Amount Carried at Close of Period, Total	1,945
Accumulated Depreciation	$ (326)
Depreciable Life	40 years
Entertainment | California ECA 012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,572
Initial Cost to Company, Building and Improvements	2,034
Cost Capitalized Subsequent to Acquisition	1
Gross Amount Carried at Close of Period, Land	1,572
Gross Amount Carried at Close of Period, Building and Improvements	2,035
Gross Amount Carried at Close of Period, Total	3,607
Accumulated Depreciation	$ (601)
Depreciable Life	40 years
Entertainment | California ECA 013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	0
Initial Cost to Company, Building and Improvements	1,953
Cost Capitalized Subsequent to Acquisition	25,772
Gross Amount Carried at Close of Period, Land	0
Gross Amount Carried at Close of Period, Building and Improvements	27,725
Gross Amount Carried at Close of Period, Total	27,725
Accumulated Depreciation	$ (4,735)
Depreciable Life	40 years
Entertainment | California ECA 014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	659
Initial Cost to Company, Building and Improvements	852
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	659
Gross Amount Carried at Close of Period, Building and Improvements	846
Gross Amount Carried at Close of Period, Total	1,505
Accumulated Depreciation	$ (252)
Depreciable Life	40 years
Entertainment | California ECA 015
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	562
Initial Cost to Company, Building and Improvements	729
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	562
Gross Amount Carried at Close of Period, Building and Improvements	729
Gross Amount Carried at Close of Period, Total	1,291
Accumulated Depreciation	$ (215)
Depreciable Life	40 years
Entertainment | California ECA 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,642
Initial Cost to Company, Building and Improvements	2,124
Cost Capitalized Subsequent to Acquisition	(16)
Gross Amount Carried at Close of Period, Land	1,642
Gross Amount Carried at Close of Period, Building and Improvements	2,108
Gross Amount Carried at Close of Period, Total	3,750
Accumulated Depreciation	$ (628)
Depreciable Life	40 years
Entertainment | Colorado ECO 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	640
Initial Cost to Company, Building and Improvements	827
Cost Capitalized Subsequent to Acquisition	1
Gross Amount Carried at Close of Period, Land	640
Gross Amount Carried at Close of Period, Building and Improvements	828
Gross Amount Carried at Close of Period, Total	1,468
Accumulated Depreciation	$ (244)
Depreciable Life	40 years
Entertainment | Colorado ECO 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	729
Initial Cost to Company, Building and Improvements	944
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	729
Gross Amount Carried at Close of Period, Building and Improvements	944
Gross Amount Carried at Close of Period, Total	1,673
Accumulated Depreciation	$ (279)
Depreciable Life	40 years
Entertainment | Colorado ECO 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	536
Initial Cost to Company, Building and Improvements	694
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	536
Gross Amount Carried at Close of Period, Building and Improvements	689
Gross Amount Carried at Close of Period, Total	1,225
Accumulated Depreciation	$ (205)
Depreciable Life	40 years
Entertainment | Colorado ECO 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	901
Initial Cost to Company, Building and Improvements	1,165
Cost Capitalized Subsequent to Acquisition	(9)
Gross Amount Carried at Close of Period, Land	901
Gross Amount Carried at Close of Period, Building and Improvements	1,156
Gross Amount Carried at Close of Period, Total	2,057
Accumulated Depreciation	$ (345)
Depreciable Life	40 years
Entertainment | Connecticut ECT 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,097
Initial Cost to Company, Building and Improvements	1,420
Cost Capitalized Subsequent to Acquisition	(10)
Gross Amount Carried at Close of Period, Land	1,097
Gross Amount Carried at Close of Period, Building and Improvements	1,410
Gross Amount Carried at Close of Period, Total	2,507
Accumulated Depreciation	$ (420)
Depreciable Life	40 years
Entertainment | Connecticut ECT 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	330
Initial Cost to Company, Building and Improvements	426
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	330
Gross Amount Carried at Close of Period, Building and Improvements	426
Gross Amount Carried at Close of Period, Total	756
Accumulated Depreciation	$ (126)
Depreciable Life	40 years
Entertainment | Delaware EDE 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,076
Initial Cost to Company, Building and Improvements	1,390
Cost Capitalized Subsequent to Acquisition	4
Gross Amount Carried at Close of Period, Land	1,076
Gross Amount Carried at Close of Period, Building and Improvements	1,394
Gross Amount Carried at Close of Period, Total	2,470
Accumulated Depreciation	$ (411)
Depreciable Life	40 years
Entertainment | Florida EFL 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	0
Initial Cost to Company, Building and Improvements	41,809
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	0
Gross Amount Carried at Close of Period, Building and Improvements	41,809
Gross Amount Carried at Close of Period, Total	41,809
Accumulated Depreciation	$ (16,742)
Depreciable Life	27 years
Entertainment | Florida EFL 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	412
Initial Cost to Company, Building and Improvements	531
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	412
Gross Amount Carried at Close of Period, Building and Improvements	528
Gross Amount Carried at Close of Period, Total	940
Accumulated Depreciation	$ (157)
Depreciable Life	40 years
Entertainment | Florida EFL 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	6,550
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	17,118
Gross Amount Carried at Close of Period, Land	6,533
Gross Amount Carried at Close of Period, Building and Improvements	17,135
Gross Amount Carried at Close of Period, Total	23,668
Accumulated Depreciation	$ (3,710)
Depreciable Life	40 years
Entertainment | Florida EFL 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,067
Initial Cost to Company, Building and Improvements	1,382
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,067
Gross Amount Carried at Close of Period, Building and Improvements	1,382
Gross Amount Carried at Close of Period, Total	2,449
Accumulated Depreciation	$ (408)
Depreciable Life	40 years
Entertainment | Florida EFL 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	401
Initial Cost to Company, Building and Improvements	520
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	401
Gross Amount Carried at Close of Period, Building and Improvements	520
Gross Amount Carried at Close of Period, Total	921
Accumulated Depreciation	$ (153)
Depreciable Life	40 years
Entertainment | Florida EFL 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	507
Initial Cost to Company, Building and Improvements	655
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	507
Gross Amount Carried at Close of Period, Building and Improvements	650
Gross Amount Carried at Close of Period, Total	1,157
Accumulated Depreciation	$ (194)
Depreciable Life	40 years
Entertainment | Florida EFL 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	282
Initial Cost to Company, Building and Improvements	364
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	282
Gross Amount Carried at Close of Period, Building and Improvements	361
Gross Amount Carried at Close of Period, Total	643
Accumulated Depreciation	$ (108)
Depreciable Life	40 years
Entertainment | Florida EFL 009
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	352
Initial Cost to Company, Building and Improvements	455
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	352
Gross Amount Carried at Close of Period, Building and Improvements	455
Gross Amount Carried at Close of Period, Total	807
Accumulated Depreciation	$ (134)
Depreciable Life	40 years
Entertainment | Florida EFL 011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	437
Initial Cost to Company, Building and Improvements	567
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	437
Gross Amount Carried at Close of Period, Building and Improvements	567
Gross Amount Carried at Close of Period, Total	1,004
Accumulated Depreciation	$ (167)
Depreciable Life	40 years
Entertainment | Florida EFL 012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	532
Initial Cost to Company, Building and Improvements	689
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	532
Gross Amount Carried at Close of Period, Building and Improvements	689
Gross Amount Carried at Close of Period, Total	1,221
Accumulated Depreciation	$ (203)
Depreciable Life	40 years
Entertainment | Florida EFL 014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	486
Initial Cost to Company, Building and Improvements	629
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	486
Gross Amount Carried at Close of Period, Building and Improvements	629
Gross Amount Carried at Close of Period, Total	1,115
Accumulated Depreciation	$ (186)
Depreciable Life	40 years
Entertainment | Florida EFL 016
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	497
Initial Cost to Company, Building and Improvements	643
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	497
Gross Amount Carried at Close of Period, Building and Improvements	638
Gross Amount Carried at Close of Period, Total	1,135
Accumulated Depreciation	$ (190)
Depreciable Life	40 years
Entertainment | Florida EFL 018
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	643
Initial Cost to Company, Building and Improvements	833
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	643
Gross Amount Carried at Close of Period, Building and Improvements	827
Gross Amount Carried at Close of Period, Total	1,470
Accumulated Depreciation	$ (246)
Depreciable Life	40 years
Entertainment | Florida EFL 019
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	4,200
Initial Cost to Company, Building and Improvements	18,272
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	4,200
Gross Amount Carried at Close of Period, Building and Improvements	18,272
Gross Amount Carried at Close of Period, Total	22,472
Accumulated Depreciation	$ (4,954)
Depreciable Life	40 years
Entertainment | Florida EFL 020
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	551
Initial Cost to Company, Building and Improvements	714
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	551
Gross Amount Carried at Close of Period, Building and Improvements	708
Gross Amount Carried at Close of Period, Total	1,259
Accumulated Depreciation	$ (211)
Depreciable Life	40 years
Entertainment | Florida EFL 021
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	364
Initial Cost to Company, Building and Improvements	470
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	364
Gross Amount Carried at Close of Period, Building and Improvements	467
Gross Amount Carried at Close of Period, Total	831
Accumulated Depreciation	$ (139)
Depreciable Life	40 years
Entertainment | Florida EFL 022
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	507
Initial Cost to Company, Building and Improvements	656
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	507
Gross Amount Carried at Close of Period, Building and Improvements	656
Gross Amount Carried at Close of Period, Total	1,163
Accumulated Depreciation	$ (194)
Depreciable Life	40 years
Entertainment | Florida EFL 023
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	0
Initial Cost to Company, Building and Improvements	19,337
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	0
Gross Amount Carried at Close of Period, Building and Improvements	19,337
Gross Amount Carried at Close of Period, Total	19,337
Accumulated Depreciation	$ (5,243)
Depreciable Life	40 years
Entertainment | Georgia EGA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	510
Initial Cost to Company, Building and Improvements	660
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	510
Gross Amount Carried at Close of Period, Building and Improvements	655
Gross Amount Carried at Close of Period, Total	1,165
Accumulated Depreciation	$ (195)
Depreciable Life	40 years
Entertainment | Georgia EGA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	286
Initial Cost to Company, Building and Improvements	371
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	286
Gross Amount Carried at Close of Period, Building and Improvements	371
Gross Amount Carried at Close of Period, Total	657
Accumulated Depreciation	$ (109)
Depreciable Life	40 years
Entertainment | Georgia EGA 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	474
Initial Cost to Company, Building and Improvements	613
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	474
Gross Amount Carried at Close of Period, Building and Improvements	613
Gross Amount Carried at Close of Period, Total	1,087
Accumulated Depreciation	$ (181)
Depreciable Life	40 years
Entertainment | Georgia EGA 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	581
Initial Cost to Company, Building and Improvements	752
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	581
Gross Amount Carried at Close of Period, Building and Improvements	752
Gross Amount Carried at Close of Period, Total	1,333
Accumulated Depreciation	$ (222)
Depreciable Life	40 years
Entertainment | Georgia EGA 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	718
Initial Cost to Company, Building and Improvements	930
Cost Capitalized Subsequent to Acquisition	(7)
Gross Amount Carried at Close of Period, Land	718
Gross Amount Carried at Close of Period, Building and Improvements	923
Gross Amount Carried at Close of Period, Total	1,641
Accumulated Depreciation	$ (275)
Depreciable Life	40 years
Entertainment | Georgia EGA 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	546
Initial Cost to Company, Building and Improvements	706
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	546
Gross Amount Carried at Close of Period, Building and Improvements	706
Gross Amount Carried at Close of Period, Total	1,252
Accumulated Depreciation	$ (209)
Depreciable Life	40 years
Entertainment | Georgia EGA 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	502
Initial Cost to Company, Building and Improvements	651
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	502
Gross Amount Carried at Close of Period, Building and Improvements	646
Gross Amount Carried at Close of Period, Total	1,148
Accumulated Depreciation	$ (192)
Depreciable Life	40 years
Entertainment | Illinois EIL 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	335
Initial Cost to Company, Building and Improvements	434
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	335
Gross Amount Carried at Close of Period, Building and Improvements	434
Gross Amount Carried at Close of Period, Total	769
Accumulated Depreciation	$ (128)
Depreciable Life	40 years
Entertainment | Illinois EIL 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	481
Initial Cost to Company, Building and Improvements	622
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	481
Gross Amount Carried at Close of Period, Building and Improvements	622
Gross Amount Carried at Close of Period, Total	1,103
Accumulated Depreciation	$ (184)
Depreciable Life	40 years
Entertainment | Illinois EIL 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	8,803
Initial Cost to Company, Building and Improvements	57
Cost Capitalized Subsequent to Acquisition	30,479
Gross Amount Carried at Close of Period, Land	8,803
Gross Amount Carried at Close of Period, Building and Improvements	30,536
Gross Amount Carried at Close of Period, Total	39,339
Accumulated Depreciation	$ (6,347)
Depreciable Life	40 years
Entertainment | Illinois EIL 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	433
Initial Cost to Company, Building and Improvements	560
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	433
Gross Amount Carried at Close of Period, Building and Improvements	555
Gross Amount Carried at Close of Period, Total	988
Accumulated Depreciation	$ (166)
Depreciable Life	40 years
Entertainment | Illinois EIL 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	431
Initial Cost to Company, Building and Improvements	557
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	431
Gross Amount Carried at Close of Period, Building and Improvements	553
Gross Amount Carried at Close of Period, Total	984
Accumulated Depreciation	$ (165)
Depreciable Life	40 years
Entertainment | Indiana EIN 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	542
Initial Cost to Company, Building and Improvements	701
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	542
Gross Amount Carried at Close of Period, Building and Improvements	696
Gross Amount Carried at Close of Period, Total	1,238
Accumulated Depreciation	$ (207)
Depreciable Life	40 years
Entertainment | Kentucky EKY 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	417
Initial Cost to Company, Building and Improvements	539
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	417
Gross Amount Carried at Close of Period, Building and Improvements	539
Gross Amount Carried at Close of Period, Total	956
Accumulated Depreciation	$ (159)
Depreciable Life	40 years
Entertainment | Kentucky EKY 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	365
Initial Cost to Company, Building and Improvements	473
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	365
Gross Amount Carried at Close of Period, Building and Improvements	470
Gross Amount Carried at Close of Period, Total	835
Accumulated Depreciation	$ (140)
Depreciable Life	40 years
Entertainment | Maryland EMD 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	428
Initial Cost to Company, Building and Improvements	554
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	428
Gross Amount Carried at Close of Period, Building and Improvements	554
Gross Amount Carried at Close of Period, Total	982
Accumulated Depreciation	$ (163)
Depreciable Life	40 years
Entertainment | Maryland EMD 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	575
Initial Cost to Company, Building and Improvements	745
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	575
Gross Amount Carried at Close of Period, Building and Improvements	745
Gross Amount Carried at Close of Period, Total	1,320
Accumulated Depreciation	$ (220)
Depreciable Life	40 years
Entertainment | Maryland EMD 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	362
Initial Cost to Company, Building and Improvements	468
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	362
Gross Amount Carried at Close of Period, Building and Improvements	465
Gross Amount Carried at Close of Period, Total	827
Accumulated Depreciation	$ (138)
Depreciable Life	40 years
Entertainment | Maryland EMD 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	884
Initial Cost to Company, Building and Improvements	1,145
Cost Capitalized Subsequent to Acquisition	(9)
Gross Amount Carried at Close of Period, Land	884
Gross Amount Carried at Close of Period, Building and Improvements	1,136
Gross Amount Carried at Close of Period, Total	2,020
Accumulated Depreciation	$ (338)
Depreciable Life	40 years
Entertainment | Maryland EMD 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	399
Initial Cost to Company, Building and Improvements	518
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	399
Gross Amount Carried at Close of Period, Building and Improvements	514
Gross Amount Carried at Close of Period, Total	913
Accumulated Depreciation	$ (153)
Depreciable Life	40 years
Entertainment | Maryland EMD 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	649
Initial Cost to Company, Building and Improvements	839
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	649
Gross Amount Carried at Close of Period, Building and Improvements	833
Gross Amount Carried at Close of Period, Total	1,482
Accumulated Depreciation	$ (248)
Depreciable Life	40 years
Entertainment | Maryland EMD 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	366
Initial Cost to Company, Building and Improvements	473
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	366
Gross Amount Carried at Close of Period, Building and Improvements	470
Gross Amount Carried at Close of Period, Total	836
Accumulated Depreciation	$ (140)
Depreciable Life	40 years
Entertainment | Maryland EMD 009
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	398
Initial Cost to Company, Building and Improvements	516
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	398
Gross Amount Carried at Close of Period, Building and Improvements	512
Gross Amount Carried at Close of Period, Total	910
Accumulated Depreciation	$ (152)
Depreciable Life	40 years
Entertainment | Maryland EMD 011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,126
Initial Cost to Company, Building and Improvements	1,458
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,126
Gross Amount Carried at Close of Period, Building and Improvements	1,458
Gross Amount Carried at Close of Period, Total	2,584
Accumulated Depreciation	$ (430)
Depreciable Life	40 years
Entertainment | Massachusetts EMA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	523
Initial Cost to Company, Building and Improvements	678
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	523
Gross Amount Carried at Close of Period, Building and Improvements	672
Gross Amount Carried at Close of Period, Total	1,195
Accumulated Depreciation	$ (200)
Depreciable Life	40 years
Entertainment | Massachusetts EMA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	548
Initial Cost to Company, Building and Improvements	711
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	548
Gross Amount Carried at Close of Period, Building and Improvements	711
Gross Amount Carried at Close of Period, Total	1,259
Accumulated Depreciation	$ (210)
Depreciable Life	40 years
Entertainment | Massachusetts EMA 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	519
Initial Cost to Company, Building and Improvements	672
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	519
Gross Amount Carried at Close of Period, Building and Improvements	667
Gross Amount Carried at Close of Period, Total	1,186
Accumulated Depreciation	$ (199)
Depreciable Life	40 years
Entertainment | Massachusetts EMA 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	344
Initial Cost to Company, Building and Improvements	445
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	344
Gross Amount Carried at Close of Period, Building and Improvements	445
Gross Amount Carried at Close of Period, Total	789
Accumulated Depreciation	$ (131)
Depreciable Life	40 years
Entertainment | Michigan EMI 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	516
Initial Cost to Company, Building and Improvements	667
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	516
Gross Amount Carried at Close of Period, Building and Improvements	662
Gross Amount Carried at Close of Period, Total	1,178
Accumulated Depreciation	$ (197)
Depreciable Life	40 years
Entertainment | Michigan EMI 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	554
Initial Cost to Company, Building and Improvements	718
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	554
Gross Amount Carried at Close of Period, Building and Improvements	718
Gross Amount Carried at Close of Period, Total	1,272
Accumulated Depreciation	$ (212)
Depreciable Life	40 years
Entertainment | Michigan EMI 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	387
Initial Cost to Company, Building and Improvements	500
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	387
Gross Amount Carried at Close of Period, Building and Improvements	496
Gross Amount Carried at Close of Period, Total	883
Accumulated Depreciation	$ (148)
Depreciable Life	40 years
Entertainment | Michigan EMI 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	533
Initial Cost to Company, Building and Improvements	691
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	533
Gross Amount Carried at Close of Period, Building and Improvements	685
Gross Amount Carried at Close of Period, Total	1,218
Accumulated Depreciation	$ (204)
Depreciable Life	40 years
Entertainment | Minnesota EMN 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	666
Initial Cost to Company, Building and Improvements	861
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	666
Gross Amount Carried at Close of Period, Building and Improvements	855
Gross Amount Carried at Close of Period, Total	1,521
Accumulated Depreciation	$ (255)
Depreciable Life	40 years
Entertainment | Minnesota EMN 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,962
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	17,164
Gross Amount Carried at Close of Period, Land	2,962
Gross Amount Carried at Close of Period, Building and Improvements	17,164
Gross Amount Carried at Close of Period, Total	20,126
Accumulated Depreciation	$ (3,732)
Depreciable Life	40 years
Entertainment | Minnesota EMN 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,437
Initial Cost to Company, Building and Improvements	8,715
Cost Capitalized Subsequent to Acquisition	2,098
Gross Amount Carried at Close of Period, Land	2,437
Gross Amount Carried at Close of Period, Building and Improvements	10,813
Gross Amount Carried at Close of Period, Total	13,250
Accumulated Depreciation	$ (2,709)
Depreciable Life	40 years
Entertainment | Missouri EMO 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	334
Initial Cost to Company, Building and Improvements	432
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	334
Gross Amount Carried at Close of Period, Building and Improvements	432
Gross Amount Carried at Close of Period, Total	766
Accumulated Depreciation	$ (128)
Depreciable Life	40 years
Entertainment | Missouri EMO 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	878
Initial Cost to Company, Building and Improvements	1,139
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	878
Gross Amount Carried at Close of Period, Building and Improvements	1,139
Gross Amount Carried at Close of Period, Total	2,017
Accumulated Depreciation	$ (336)
Depreciable Life	40 years
Entertainment | New Jersey ENJ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,560
Initial Cost to Company, Building and Improvements	2,019
Cost Capitalized Subsequent to Acquisition	(15)
Gross Amount Carried at Close of Period, Land	1,560
Gross Amount Carried at Close of Period, Building and Improvements	2,004
Gross Amount Carried at Close of Period, Total	3,564
Accumulated Depreciation	$ (597)
Depreciable Life	40 years
Entertainment | New Jersey ENJ 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	830
Initial Cost to Company, Building and Improvements	1,075
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	830
Gross Amount Carried at Close of Period, Building and Improvements	1,075
Gross Amount Carried at Close of Period, Total	1,905
Accumulated Depreciation	$ (317)
Depreciable Life	40 years
Entertainment | Nevada ENV 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	440
Initial Cost to Company, Building and Improvements	569
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	440
Gross Amount Carried at Close of Period, Building and Improvements	565
Gross Amount Carried at Close of Period, Total	1,005
Accumulated Depreciation	$ (168)
Depreciable Life	40 years
Entertainment | New York ENY 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	603
Initial Cost to Company, Building and Improvements	779
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	603
Gross Amount Carried at Close of Period, Building and Improvements	773
Gross Amount Carried at Close of Period, Total	1,376
Accumulated Depreciation	$ (230)
Depreciable Life	40 years
Entertainment | New York ENY 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	442
Initial Cost to Company, Building and Improvements	571
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	442
Gross Amount Carried at Close of Period, Building and Improvements	571
Gross Amount Carried at Close of Period, Total	1,013
Accumulated Depreciation	$ (169)
Depreciable Life	40 years
Entertainment | New York ENY 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	385
Initial Cost to Company, Building and Improvements	499
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	385
Gross Amount Carried at Close of Period, Building and Improvements	496
Gross Amount Carried at Close of Period, Total	881
Accumulated Depreciation	$ (147)
Depreciable Life	40 years
Entertainment | New York ENY 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	350
Initial Cost to Company, Building and Improvements	453
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	350
Gross Amount Carried at Close of Period, Building and Improvements	453
Gross Amount Carried at Close of Period, Total	803
Accumulated Depreciation	$ (134)
Depreciable Life	40 years
Entertainment | New York ENY 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	494
Initial Cost to Company, Building and Improvements	640
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	494
Gross Amount Carried at Close of Period, Building and Improvements	640
Gross Amount Carried at Close of Period, Total	1,134
Accumulated Depreciation	$ (189)
Depreciable Life	40 years
Entertainment | New York ENY 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	326
Initial Cost to Company, Building and Improvements	421
Cost Capitalized Subsequent to Acquisition	1
Gross Amount Carried at Close of Period, Land	326
Gross Amount Carried at Close of Period, Building and Improvements	422
Gross Amount Carried at Close of Period, Total	748
Accumulated Depreciation	$ (125)
Depreciable Life	40 years
Entertainment | New York ENY 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	320
Initial Cost to Company, Building and Improvements	414
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	320
Gross Amount Carried at Close of Period, Building and Improvements	411
Gross Amount Carried at Close of Period, Total	731
Accumulated Depreciation	$ (122)
Depreciable Life	40 years
Entertainment | New York ENY 009
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	399
Initial Cost to Company, Building and Improvements	516
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	399
Gross Amount Carried at Close of Period, Building and Improvements	512
Gross Amount Carried at Close of Period, Total	911
Accumulated Depreciation	$ (153)
Depreciable Life	40 years
Entertainment | New York ENY 010
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	959
Initial Cost to Company, Building and Improvements	1,240
Cost Capitalized Subsequent to Acquisition	(9)
Gross Amount Carried at Close of Period, Land	959
Gross Amount Carried at Close of Period, Building and Improvements	1,231
Gross Amount Carried at Close of Period, Total	2,190
Accumulated Depreciation	$ (367)
Depreciable Life	40 years
Entertainment | New York ENY 011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	587
Initial Cost to Company, Building and Improvements	761
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	587
Gross Amount Carried at Close of Period, Building and Improvements	761
Gross Amount Carried at Close of Period, Total	1,348
Accumulated Depreciation	$ (225)
Depreciable Life	40 years
Entertainment | New York ENY 012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	521
Initial Cost to Company, Building and Improvements	675
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	521
Gross Amount Carried at Close of Period, Building and Improvements	670
Gross Amount Carried at Close of Period, Total	1,191
Accumulated Depreciation	$ (199)
Depreciable Life	40 years
Entertainment | New York ENY 013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	711
Initial Cost to Company, Building and Improvements	920
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	711
Gross Amount Carried at Close of Period, Building and Improvements	920
Gross Amount Carried at Close of Period, Total	1,631
Accumulated Depreciation	$ (272)
Depreciable Life	40 years
Entertainment | New York ENY 014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	558
Initial Cost to Company, Building and Improvements	723
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	558
Gross Amount Carried at Close of Period, Building and Improvements	717
Gross Amount Carried at Close of Period, Total	1,275
Accumulated Depreciation	$ (214)
Depreciable Life	40 years
Entertainment | New York ENY 015
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	747
Initial Cost to Company, Building and Improvements	967
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	747
Gross Amount Carried at Close of Period, Building and Improvements	967
Gross Amount Carried at Close of Period, Total	1,714
Accumulated Depreciation	$ (286)
Depreciable Life	40 years
Entertainment | New York ENY 016
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	683
Initial Cost to Company, Building and Improvements	885
Cost Capitalized Subsequent to Acquisition	(7)
Gross Amount Carried at Close of Period, Land	683
Gross Amount Carried at Close of Period, Building and Improvements	878
Gross Amount Carried at Close of Period, Total	1,561
Accumulated Depreciation	$ (261)
Depreciable Life	40 years
Entertainment | New York ENY 017
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,492
Initial Cost to Company, Building and Improvements	1,933
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,492
Gross Amount Carried at Close of Period, Building and Improvements	1,933
Gross Amount Carried at Close of Period, Total	3,425
Accumulated Depreciation	$ (570)
Depreciable Life	40 years
Entertainment | New York ENY 018
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,471
Initial Cost to Company, Building and Improvements	1,904
Cost Capitalized Subsequent to Acquisition	(14)
Gross Amount Carried at Close of Period, Land	1,471
Gross Amount Carried at Close of Period, Building and Improvements	1,890
Gross Amount Carried at Close of Period, Total	3,361
Accumulated Depreciation	$ (563)
Depreciable Life	40 years
Entertainment | North Carolina ENC 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	397
Initial Cost to Company, Building and Improvements	513
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	397
Gross Amount Carried at Close of Period, Building and Improvements	513
Gross Amount Carried at Close of Period, Total	910
Accumulated Depreciation	$ (152)
Depreciable Life	40 years
Entertainment | North Carolina ENC 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	476
Initial Cost to Company, Building and Improvements	615
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	476
Gross Amount Carried at Close of Period, Building and Improvements	611
Gross Amount Carried at Close of Period, Total	1,087
Accumulated Depreciation	$ (182)
Depreciable Life	40 years
Entertainment | North Carolina ENC 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	410
Initial Cost to Company, Building and Improvements	530
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	410
Gross Amount Carried at Close of Period, Building and Improvements	526
Gross Amount Carried at Close of Period, Total	936
Accumulated Depreciation	$ (157)
Depreciable Life	40 years
Entertainment | North Carolina ENC 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	402
Initial Cost to Company, Building and Improvements	520
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	402
Gross Amount Carried at Close of Period, Building and Improvements	516
Gross Amount Carried at Close of Period, Total	918
Accumulated Depreciation	$ (154)
Depreciable Life	40 years
Entertainment | North Carolina ENC 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	948
Initial Cost to Company, Building and Improvements	1,227
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	948
Gross Amount Carried at Close of Period, Building and Improvements	1,227
Gross Amount Carried at Close of Period, Total	2,175
Accumulated Depreciation	$ (362)
Depreciable Life	40 years
Entertainment | North Carolina ENC 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	259
Initial Cost to Company, Building and Improvements	336
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	259
Gross Amount Carried at Close of Period, Building and Improvements	333
Gross Amount Carried at Close of Period, Total	592
Accumulated Depreciation	$ (99)
Depreciable Life	40 years
Entertainment | North Carolina ENC 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	349
Initial Cost to Company, Building and Improvements	452
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	349
Gross Amount Carried at Close of Period, Building and Improvements	452
Gross Amount Carried at Close of Period, Total	801
Accumulated Depreciation	$ (133)
Depreciable Life	40 years
Entertainment | North Carolina ENC 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	640
Initial Cost to Company, Building and Improvements	828
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	640
Gross Amount Carried at Close of Period, Building and Improvements	828
Gross Amount Carried at Close of Period, Total	1,468
Accumulated Depreciation	$ (245)
Depreciable Life	40 years
Entertainment | North Carolina ENC 009
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	409
Initial Cost to Company, Building and Improvements	531
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	409
Gross Amount Carried at Close of Period, Building and Improvements	531
Gross Amount Carried at Close of Period, Total	940
Accumulated Depreciation	$ (157)
Depreciable Life	40 years
Entertainment | North Carolina ENC 010
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	965
Initial Cost to Company, Building and Improvements	1,249
Cost Capitalized Subsequent to Acquisition	(10)
Gross Amount Carried at Close of Period, Land	965
Gross Amount Carried at Close of Period, Building and Improvements	1,239
Gross Amount Carried at Close of Period, Total	2,204
Accumulated Depreciation	$ (369)
Depreciable Life	40 years
Entertainment | North Carolina ENC 011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	475
Initial Cost to Company, Building and Improvements	615
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	475
Gross Amount Carried at Close of Period, Building and Improvements	615
Gross Amount Carried at Close of Period, Total	1,090
Accumulated Depreciation	$ (182)
Depreciable Life	40 years
Entertainment | North Carolina ENC 012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	494
Initial Cost to Company, Building and Improvements	638
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	494
Gross Amount Carried at Close of Period, Building and Improvements	634
Gross Amount Carried at Close of Period, Total	1,128
Accumulated Depreciation	$ (189)
Depreciable Life	40 years
Entertainment | Ohio EOH 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	434
Initial Cost to Company, Building and Improvements	562
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	434
Gross Amount Carried at Close of Period, Building and Improvements	562
Gross Amount Carried at Close of Period, Total	996
Accumulated Depreciation	$ (166)
Depreciable Life	40 years
Entertainment | Ohio EOH 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	967
Initial Cost to Company, Building and Improvements	1,252
Cost Capitalized Subsequent to Acquisition	(9)
Gross Amount Carried at Close of Period, Land	967
Gross Amount Carried at Close of Period, Building and Improvements	1,243
Gross Amount Carried at Close of Period, Total	2,210
Accumulated Depreciation	$ (370)
Depreciable Life	40 years
Entertainment | Ohio EOH 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	281
Initial Cost to Company, Building and Improvements	365
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	281
Gross Amount Carried at Close of Period, Building and Improvements	362
Gross Amount Carried at Close of Period, Total	643
Accumulated Depreciation	$ (108)
Depreciable Life	40 years
Entertainment | Ohio EOH 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	393
Initial Cost to Company, Building and Improvements	508
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	393
Gross Amount Carried at Close of Period, Building and Improvements	508
Gross Amount Carried at Close of Period, Total	901
Accumulated Depreciation	$ (150)
Depreciable Life	40 years
Entertainment | Oklahoma EOK 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	431
Initial Cost to Company, Building and Improvements	557
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	431
Gross Amount Carried at Close of Period, Building and Improvements	553
Gross Amount Carried at Close of Period, Total	984
Accumulated Depreciation	$ (165)
Depreciable Life	40 years
Entertainment | Oklahoma EOK 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	954
Initial Cost to Company, Building and Improvements	1,235
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	954
Gross Amount Carried at Close of Period, Building and Improvements	1,235
Gross Amount Carried at Close of Period, Total	2,189
Accumulated Depreciation	$ (365)
Depreciable Life	40 years
Entertainment | Oregon EOR 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	393
Initial Cost to Company, Building and Improvements	508
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	393
Gross Amount Carried at Close of Period, Building and Improvements	504
Gross Amount Carried at Close of Period, Total	897
Accumulated Depreciation	$ (150)
Depreciable Life	40 years
Entertainment | Pennsylvania EPA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	407
Initial Cost to Company, Building and Improvements	527
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	407
Gross Amount Carried at Close of Period, Building and Improvements	527
Gross Amount Carried at Close of Period, Total	934
Accumulated Depreciation	$ (156)
Depreciable Life	40 years
Entertainment | Pennsylvania EPA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	421
Initial Cost to Company, Building and Improvements	544
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	421
Gross Amount Carried at Close of Period, Building and Improvements	544
Gross Amount Carried at Close of Period, Total	965
Accumulated Depreciation	$ (161)
Depreciable Life	40 years
Entertainment | Pennsylvania EPA 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	409
Initial Cost to Company, Building and Improvements	528
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	409
Gross Amount Carried at Close of Period, Building and Improvements	524
Gross Amount Carried at Close of Period, Total	933
Accumulated Depreciation	$ (156)
Depreciable Life	40 years
Entertainment | Pennsylvania EPA 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	407
Initial Cost to Company, Building and Improvements	527
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	407
Gross Amount Carried at Close of Period, Building and Improvements	524
Gross Amount Carried at Close of Period, Total	931
Accumulated Depreciation	$ (156)
Depreciable Life	40 years
Entertainment | Puerto Rico EPR 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	950
Initial Cost to Company, Building and Improvements	1,230
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	950
Gross Amount Carried at Close of Period, Building and Improvements	1,230
Gross Amount Carried at Close of Period, Total	2,180
Accumulated Depreciation	$ (363)
Depreciable Life	40 years
Entertainment | Rhode Island ERI 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	850
Initial Cost to Company, Building and Improvements	1,100
Cost Capitalized Subsequent to Acquisition	(8)
Gross Amount Carried at Close of Period, Land	850
Gross Amount Carried at Close of Period, Building and Improvements	1,092
Gross Amount Carried at Close of Period, Total	1,942
Accumulated Depreciation	$ (325)
Depreciable Life	40 years
Entertainment | South Carolina ESC 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	332
Initial Cost to Company, Building and Improvements	429
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	332
Gross Amount Carried at Close of Period, Building and Improvements	429
Gross Amount Carried at Close of Period, Total	761
Accumulated Depreciation	$ (127)
Depreciable Life	40 years
Entertainment | South Carolina ESC 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	924
Initial Cost to Company, Building and Improvements	1,196
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	924
Gross Amount Carried at Close of Period, Building and Improvements	1,196
Gross Amount Carried at Close of Period, Total	2,120
Accumulated Depreciation	$ (353)
Depreciable Life	40 years
Entertainment | Tennessee ETN 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	260
Initial Cost to Company, Building and Improvements	338
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	260
Gross Amount Carried at Close of Period, Building and Improvements	338
Gross Amount Carried at Close of Period, Total	598
Accumulated Depreciation	$ (100)
Depreciable Life	40 years
Entertainment | Texas ETX 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,045
Initial Cost to Company, Building and Improvements	1,353
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,045
Gross Amount Carried at Close of Period, Building and Improvements	1,353
Gross Amount Carried at Close of Period, Total	2,398
Accumulated Depreciation	$ (399)
Depreciable Life	40 years
Entertainment | Texas ETX 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	593
Initial Cost to Company, Building and Improvements	767
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	593
Gross Amount Carried at Close of Period, Building and Improvements	761
Gross Amount Carried at Close of Period, Total	1,354
Accumulated Depreciation	$ (227)
Depreciable Life	40 years
Entertainment | Texas ETX 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	838
Initial Cost to Company, Building and Improvements	1,083
Cost Capitalized Subsequent to Acquisition	(8)
Gross Amount Carried at Close of Period, Land	838
Gross Amount Carried at Close of Period, Building and Improvements	1,075
Gross Amount Carried at Close of Period, Total	1,913
Accumulated Depreciation	$ (320)
Depreciable Life	40 years
Entertainment | Texas ETX 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	528
Initial Cost to Company, Building and Improvements	682
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	528
Gross Amount Carried at Close of Period, Building and Improvements	677
Gross Amount Carried at Close of Period, Total	1,205
Accumulated Depreciation	$ (202)
Depreciable Life	40 years
Entertainment | Texas ETX 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	480
Initial Cost to Company, Building and Improvements	622
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	480
Gross Amount Carried at Close of Period, Building and Improvements	618
Gross Amount Carried at Close of Period, Total	1,098
Accumulated Depreciation	$ (184)
Depreciable Life	40 years
Entertainment | Texas ETX 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	975
Initial Cost to Company, Building and Improvements	1,261
Cost Capitalized Subsequent to Acquisition	(10)
Gross Amount Carried at Close of Period, Land	975
Gross Amount Carried at Close of Period, Building and Improvements	1,251
Gross Amount Carried at Close of Period, Total	2,226
Accumulated Depreciation	$ (373)
Depreciable Life	40 years
Entertainment | Texas ETX 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,108
Initial Cost to Company, Building and Improvements	1,433
Cost Capitalized Subsequent to Acquisition	(10)
Gross Amount Carried at Close of Period, Land	1,108
Gross Amount Carried at Close of Period, Building and Improvements	1,423
Gross Amount Carried at Close of Period, Total	2,531
Accumulated Depreciation	$ (424)
Depreciable Life	40 years
Entertainment | Texas ETX 009
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	425
Initial Cost to Company, Building and Improvements	549
Cost Capitalized Subsequent to Acquisition	(58)
Gross Amount Carried at Close of Period, Land	425
Gross Amount Carried at Close of Period, Building and Improvements	491
Gross Amount Carried at Close of Period, Total	916
Accumulated Depreciation	$ (153)
Depreciable Life	40 years
Entertainment | Texas ETX 010
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	518
Initial Cost to Company, Building and Improvements	671
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	518
Gross Amount Carried at Close of Period, Building and Improvements	671
Gross Amount Carried at Close of Period, Total	1,189
Accumulated Depreciation	$ (198)
Depreciable Life	40 years
Entertainment | Texas ETX 011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	758
Initial Cost to Company, Building and Improvements	981
Cost Capitalized Subsequent to Acquisition	1
Gross Amount Carried at Close of Period, Land	758
Gross Amount Carried at Close of Period, Building and Improvements	982
Gross Amount Carried at Close of Period, Total	1,740
Accumulated Depreciation	$ (290)
Depreciable Life	40 years
Entertainment | Texas ETX 013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	375
Initial Cost to Company, Building and Improvements	485
Cost Capitalized Subsequent to Acquisition	(3)
Gross Amount Carried at Close of Period, Land	375
Gross Amount Carried at Close of Period, Building and Improvements	482
Gross Amount Carried at Close of Period, Total	857
Accumulated Depreciation	$ (143)
Depreciable Life	40 years
Entertainment | Texas ETX 014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	438
Initial Cost to Company, Building and Improvements	567
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	438
Gross Amount Carried at Close of Period, Building and Improvements	563
Gross Amount Carried at Close of Period, Total	1,001
Accumulated Depreciation	$ (168)
Depreciable Life	40 years
Entertainment | Texas ETX 017
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	561
Initial Cost to Company, Building and Improvements	726
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	561
Gross Amount Carried at Close of Period, Building and Improvements	726
Gross Amount Carried at Close of Period, Total	1,287
Accumulated Depreciation	$ (214)
Depreciable Life	40 years
Entertainment | Texas ETX 018
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	753
Initial Cost to Company, Building and Improvements	976
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	753
Gross Amount Carried at Close of Period, Building and Improvements	976
Gross Amount Carried at Close of Period, Total	1,729
Accumulated Depreciation	$ (288)
Depreciable Life	40 years
Entertainment | Texas ETX 019
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	521
Initial Cost to Company, Building and Improvements	675
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	521
Gross Amount Carried at Close of Period, Building and Improvements	675
Gross Amount Carried at Close of Period, Total	1,196
Accumulated Depreciation	$ (199)
Depreciable Life	40 years
Entertainment | Texas ETX 020
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	634
Initial Cost to Company, Building and Improvements	821
Cost Capitalized Subsequent to Acquisition	(6)
Gross Amount Carried at Close of Period, Land	634
Gross Amount Carried at Close of Period, Building and Improvements	815
Gross Amount Carried at Close of Period, Total	1,449
Accumulated Depreciation	$ (243)
Depreciable Life	40 years
Entertainment | Texas ETX 021
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	379
Initial Cost to Company, Building and Improvements	491
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	379
Gross Amount Carried at Close of Period, Building and Improvements	487
Gross Amount Carried at Close of Period, Total	866
Accumulated Depreciation	$ (145)
Depreciable Life	40 years
Entertainment | Texas ETX 022
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	592
Initial Cost to Company, Building and Improvements	766
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	592
Gross Amount Carried at Close of Period, Building and Improvements	766
Gross Amount Carried at Close of Period, Total	1,358
Accumulated Depreciation	$ (226)
Depreciable Life	40 years
Entertainment | Virginia EVA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,134
Initial Cost to Company, Building and Improvements	1,467
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,134
Gross Amount Carried at Close of Period, Building and Improvements	1,467
Gross Amount Carried at Close of Period, Total	2,601
Accumulated Depreciation	$ (433)
Depreciable Life	40 years
Entertainment | Virginia EVA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	845
Initial Cost to Company, Building and Improvements	1,094
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	845
Gross Amount Carried at Close of Period, Building and Improvements	1,094
Gross Amount Carried at Close of Period, Total	1,939
Accumulated Depreciation	$ (323)
Depreciable Life	40 years
Entertainment | Virginia EVA 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	884
Initial Cost to Company, Building and Improvements	1,145
Cost Capitalized Subsequent to Acquisition	(9)
Gross Amount Carried at Close of Period, Land	884
Gross Amount Carried at Close of Period, Building and Improvements	1,136
Gross Amount Carried at Close of Period, Total	2,020
Accumulated Depreciation	$ (338)
Depreciable Life	40 years
Entertainment | Virginia EVA 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	953
Initial Cost to Company, Building and Improvements	1,233
Cost Capitalized Subsequent to Acquisition	(10)
Gross Amount Carried at Close of Period, Land	953
Gross Amount Carried at Close of Period, Building and Improvements	1,223
Gross Amount Carried at Close of Period, Total	2,176
Accumulated Depreciation	$ (364)
Depreciable Life	40 years
Entertainment | Virginia EVA 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	487
Initial Cost to Company, Building and Improvements	632
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	487
Gross Amount Carried at Close of Period, Building and Improvements	632
Gross Amount Carried at Close of Period, Total	1,119
Accumulated Depreciation	$ (186)
Depreciable Life	40 years
Entertainment | Virginia EVA 006
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	425
Initial Cost to Company, Building and Improvements	550
Cost Capitalized Subsequent to Acquisition	(4)
Gross Amount Carried at Close of Period, Land	425
Gross Amount Carried at Close of Period, Building and Improvements	546
Gross Amount Carried at Close of Period, Total	971
Accumulated Depreciation	$ (163)
Depreciable Life	40 years
Entertainment | Virginia EVA 007
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,151
Initial Cost to Company, Building and Improvements	1,490
Cost Capitalized Subsequent to Acquisition	(11)
Gross Amount Carried at Close of Period, Land	1,151
Gross Amount Carried at Close of Period, Building and Improvements	1,479
Gross Amount Carried at Close of Period, Total	2,630
Accumulated Depreciation	$ (440)
Depreciable Life	40 years
Entertainment | Virginia EVA 008
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	546
Initial Cost to Company, Building and Improvements	707
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	546
Gross Amount Carried at Close of Period, Building and Improvements	707
Gross Amount Carried at Close of Period, Total	1,253
Accumulated Depreciation	$ (209)
Depreciable Life	40 years
Entertainment | Virginia EVA 009
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	851
Initial Cost to Company, Building and Improvements	1,103
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	851
Gross Amount Carried at Close of Period, Building and Improvements	1,103
Gross Amount Carried at Close of Period, Total	1,954
Accumulated Depreciation	$ (325)
Depreciable Life	40 years
Entertainment | Virginia EVA 010
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	819
Initial Cost to Company, Building and Improvements	1,061
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	819
Gross Amount Carried at Close of Period, Building and Improvements	1,061
Gross Amount Carried at Close of Period, Total	1,880
Accumulated Depreciation	$ (313)
Depreciable Life	40 years
Entertainment | Virginia EVA 011
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	958
Initial Cost to Company, Building and Improvements	1,240
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	958
Gross Amount Carried at Close of Period, Building and Improvements	1,240
Gross Amount Carried at Close of Period, Total	2,198
Accumulated Depreciation	$ (366)
Depreciable Life	40 years
Entertainment | Virginia EVA 012
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	788
Initial Cost to Company, Building and Improvements	1,020
Cost Capitalized Subsequent to Acquisition	(8)
Gross Amount Carried at Close of Period, Land	788
Gross Amount Carried at Close of Period, Building and Improvements	1,012
Gross Amount Carried at Close of Period, Total	1,800
Accumulated Depreciation	$ (302)
Depreciable Life	40 years
Entertainment | Virginia EVA 013
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	554
Initial Cost to Company, Building and Improvements	716
Cost Capitalized Subsequent to Acquisition	(5)
Gross Amount Carried at Close of Period, Land	554
Gross Amount Carried at Close of Period, Building and Improvements	711
Gross Amount Carried at Close of Period, Total	1,265
Accumulated Depreciation	$ (212)
Depreciable Life	40 years
Entertainment | Washington EWA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,500
Initial Cost to Company, Building and Improvements	6,500
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	1,500
Gross Amount Carried at Close of Period, Building and Improvements	6,500
Gross Amount Carried at Close of Period, Total	8,000
Accumulated Depreciation	$ (2,304)
Depreciable Life	40 years
Entertainment | Wisconsin EWI 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	521
Initial Cost to Company, Building and Improvements	673
Cost Capitalized Subsequent to Acquisition	2
Gross Amount Carried at Close of Period, Land	521
Gross Amount Carried at Close of Period, Building and Improvements	675
Gross Amount Carried at Close of Period, Total	1,196
Accumulated Depreciation	$ (199)
Depreciable Life	40 years
Entertainment | Wisconsin EWI 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	413
Initial Cost to Company, Building and Improvements	535
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	413
Gross Amount Carried at Close of Period, Building and Improvements	535
Gross Amount Carried at Close of Period, Total	948
Accumulated Depreciation	$ (158)
Depreciable Life	40 years
Entertainment | Wisconsin EWI 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	793
Initial Cost to Company, Building and Improvements	1,025
Cost Capitalized Subsequent to Acquisition	(8)
Gross Amount Carried at Close of Period, Land	793
Gross Amount Carried at Close of Period, Building and Improvements	1,017
Gross Amount Carried at Close of Period, Total	1,810
Accumulated Depreciation	$ (303)
Depreciable Life	40 years
Entertainment | Wisconsin EWI 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,124
Initial Cost to Company, Building and Improvements	1,455
Cost Capitalized Subsequent to Acquisition	2
Gross Amount Carried at Close of Period, Land	1,124
Gross Amount Carried at Close of Period, Building and Improvements	1,457
Gross Amount Carried at Close of Period, Total	2,581
Accumulated Depreciation	$ (430)
Depreciable Life	40 years
Retail
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	56,980
Initial Cost to Company, Building and Improvements	150,970
Cost Capitalized Subsequent to Acquisition	39,170
Gross Amount Carried at Close of Period, Land	56,053
Gross Amount Carried at Close of Period, Building and Improvements	191,067
Gross Amount Carried at Close of Period, Total	247,120
Accumulated Depreciation	(28,323)
Retail | Arizona RAZ 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	2,625
Initial Cost to Company, Building and Improvements	4,875
Cost Capitalized Subsequent to Acquisition	1,494
Gross Amount Carried at Close of Period, Land	2,625
Gross Amount Carried at Close of Period, Building and Improvements	6,369
Gross Amount Carried at Close of Period, Total	8,994
Accumulated Depreciation	$ (826)
Depreciable Life	40 years
Retail | Arizona RAZ 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,184
Initial Cost to Company, Building and Improvements	4,056
Cost Capitalized Subsequent to Acquisition	(1,588)
Gross Amount Carried at Close of Period, Land	2,184
Gross Amount Carried at Close of Period, Building and Improvements	2,468
Gross Amount Carried at Close of Period, Total	4,652
Accumulated Depreciation	$ (253)
Depreciable Life	40 years
Retail | Arizona RAZ 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,657
Initial Cost to Company, Building and Improvements	2,666
Cost Capitalized Subsequent to Acquisition	(223)
Gross Amount Carried at Close of Period, Land	2,657
Gross Amount Carried at Close of Period, Building and Improvements	2,443
Gross Amount Carried at Close of Period, Total	5,100
Accumulated Depreciation	$ (432)
Depreciable Life	40 years
Retail | California RCA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,569
Initial Cost to Company, Building and Improvements	3,031
Cost Capitalized Subsequent to Acquisition	628
Gross Amount Carried at Close of Period, Land	2,569
Gross Amount Carried at Close of Period, Building and Improvements	3,659
Gross Amount Carried at Close of Period, Total	6,228
Accumulated Depreciation	$ (523)
Depreciable Life	40 years
Retail | Colorado RCO 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,631
Initial Cost to Company, Building and Improvements	279
Cost Capitalized Subsequent to Acquisition	5,195
Gross Amount Carried at Close of Period, Land	2,607
Gross Amount Carried at Close of Period, Building and Improvements	5,498
Gross Amount Carried at Close of Period, Total	8,105
Accumulated Depreciation	$ (1,181)
Depreciable Life	40 years
Retail | Florida RFL 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,950
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	10,286
Gross Amount Carried at Close of Period, Land	3,908
Gross Amount Carried at Close of Period, Building and Improvements	10,328
Gross Amount Carried at Close of Period, Total	14,236
Accumulated Depreciation	$ (2,398)
Depreciable Life	40 years
Retail | Hawaii RHI 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,393
Initial Cost to Company, Building and Improvements	21,155
Cost Capitalized Subsequent to Acquisition	(9,514)
Gross Amount Carried at Close of Period, Land	3,393
Gross Amount Carried at Close of Period, Building and Improvements	11,641
Gross Amount Carried at Close of Period, Total	15,034
Accumulated Depreciation	$ (2,173)
Depreciable Life	40 years
Retail | Illinois RIL 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	14,934
Initial Cost to Company, Building and Improvements	29,675
Cost Capitalized Subsequent to Acquisition	11,598
Gross Amount Carried at Close of Period, Land	14,934
Gross Amount Carried at Close of Period, Building and Improvements	41,273
Gross Amount Carried at Close of Period, Total	56,207
Accumulated Depreciation	$ (3,627)
Depreciable Life	40 years
Retail | Illinois RIL 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	0
Initial Cost to Company, Building and Improvements	336
Cost Capitalized Subsequent to Acquisition	1,419
Gross Amount Carried at Close of Period, Land	0
Gross Amount Carried at Close of Period, Building and Improvements	1,755
Gross Amount Carried at Close of Period, Total	1,755
Accumulated Depreciation	$ (653)
Depreciable Life	40 years
Retail | New Mexico RNM 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,733
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	8,370
Gross Amount Carried at Close of Period, Land	1,705
Gross Amount Carried at Close of Period, Building and Improvements	8,398
Gross Amount Carried at Close of Period, Total	10,103
Accumulated Depreciation	$ (1,767)
Depreciable Life	40 years
Retail | New York RNY 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	731
Initial Cost to Company, Building and Improvements	6,073
Cost Capitalized Subsequent to Acquisition	699
Gross Amount Carried at Close of Period, Land	711
Gross Amount Carried at Close of Period, Building and Improvements	6,792
Gross Amount Carried at Close of Period, Total	7,503
Accumulated Depreciation	$ (1,912)
Depreciable Life	40 years
Retail | Pennsylvania RPA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,687
Initial Cost to Company, Building and Improvements	56,950
Cost Capitalized Subsequent to Acquisition	5,383
Gross Amount Carried at Close of Period, Land	5,687
Gross Amount Carried at Close of Period, Building and Improvements	62,333
Gross Amount Carried at Close of Period, Total	68,020
Accumulated Depreciation	$ (8,263)
Depreciable Life	40 years
Retail | South Carolina RSC 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,126
Initial Cost to Company, Building and Improvements	948
Cost Capitalized Subsequent to Acquisition	(723)
Gross Amount Carried at Close of Period, Land	1,337
Gross Amount Carried at Close of Period, Building and Improvements	1,014
Gross Amount Carried at Close of Period, Total	2,351
Accumulated Depreciation	$ (213)
Depreciable Life	40 years
Retail | Texas RTX 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,538
Initial Cost to Company, Building and Improvements	4,215
Cost Capitalized Subsequent to Acquisition	171
Gross Amount Carried at Close of Period, Land	3,514
Gross Amount Carried at Close of Period, Building and Improvements	4,410
Gross Amount Carried at Close of Period, Total	7,924
Accumulated Depreciation	$ (1,385)
Depreciable Life	40 years
Retail | Utah RUT 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,502
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	5,975
Gross Amount Carried at Close of Period, Land	3,502
Gross Amount Carried at Close of Period, Building and Improvements	5,975
Gross Amount Carried at Close of Period, Total	9,477
Accumulated Depreciation	$ (1,370)
Depreciable Life	40 years
Retail | Virginia RVA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	4,720
Initial Cost to Company, Building and Improvements	16,711
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	4,720
Gross Amount Carried at Close of Period, Building and Improvements	16,711
Gross Amount Carried at Close of Period, Total	21,431
Accumulated Depreciation	$ (1,347)
Depreciable Life	40 years
Hotel
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	47,039
Initial Cost to Company, Building and Improvements	175,803
Cost Capitalized Subsequent to Acquisition	(22,639)
Gross Amount Carried at Close of Period, Land	32,462
Gross Amount Carried at Close of Period, Building and Improvements	167,741
Gross Amount Carried at Close of Period, Total	200,203
Accumulated Depreciation	(64,537)
Hotel | California HCA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	4,394
Initial Cost to Company, Building and Improvements	27,030
Cost Capitalized Subsequent to Acquisition	(871)
Gross Amount Carried at Close of Period, Land	4,394
Gross Amount Carried at Close of Period, Building and Improvements	26,159
Gross Amount Carried at Close of Period, Total	30,553
Accumulated Depreciation	$ (11,989)
Depreciable Life	40 years
Hotel | California HCA 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,308
Initial Cost to Company, Building and Improvements	20,623
Cost Capitalized Subsequent to Acquisition	(664)
Gross Amount Carried at Close of Period, Land	3,308
Gross Amount Carried at Close of Period, Building and Improvements	19,959
Gross Amount Carried at Close of Period, Total	23,267
Accumulated Depreciation	$ (9,130)
Depreciable Life	40 years
Hotel | Colorado HCO 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,242
Initial Cost to Company, Building and Improvements	7,865
Cost Capitalized Subsequent to Acquisition	(253)
Gross Amount Carried at Close of Period, Land	1,242
Gross Amount Carried at Close of Period, Building and Improvements	7,612
Gross Amount Carried at Close of Period, Total	8,854
Accumulated Depreciation	$ (3,475)
Depreciable Life	40 years
Hotel | Georgia HGA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	6,378
Initial Cost to Company, Building and Improvements	25,514
Cost Capitalized Subsequent to Acquisition	1,865
Gross Amount Carried at Close of Period, Land	6,378
Gross Amount Carried at Close of Period, Building and Improvements	27,379
Gross Amount Carried at Close of Period, Total	33,757
Accumulated Depreciation	$ (4,646)
Depreciable Life	40 years
Hotel | Hawaii HHI 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	17,996
Initial Cost to Company, Building and Improvements	17,996
Cost Capitalized Subsequent to Acquisition	(21,805)
Gross Amount Carried at Close of Period, Land	3,419
Gross Amount Carried at Close of Period, Building and Improvements	10,768
Gross Amount Carried at Close of Period, Total	14,187
Accumulated Depreciation	$ (4,531)
Depreciable Life	40 years
Hotel | Hawaii HHI 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	3,000
Initial Cost to Company, Building and Improvements	12,000
Cost Capitalized Subsequent to Acquisition	1,178
Gross Amount Carried at Close of Period, Land	3,000
Gross Amount Carried at Close of Period, Building and Improvements	13,178
Gross Amount Carried at Close of Period, Total	16,178
Accumulated Depreciation	$ (1,963)
Depreciable Life	40 years
Hotel | Utah HUT 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,620
Initial Cost to Company, Building and Improvements	32,695
Cost Capitalized Subsequent to Acquisition	(1,058)
Gross Amount Carried at Close of Period, Land	5,620
Gross Amount Carried at Close of Period, Building and Improvements	31,637
Gross Amount Carried at Close of Period, Total	37,257
Accumulated Depreciation	$ (14,618)
Depreciable Life	40 years
Hotel | Washington HWA 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,101
Initial Cost to Company, Building and Improvements	32,080
Cost Capitalized Subsequent to Acquisition	(1,031)
Gross Amount Carried at Close of Period, Land	5,101
Gross Amount Carried at Close of Period, Building and Improvements	31,049
Gross Amount Carried at Close of Period, Total	36,150
Accumulated Depreciation	$ (14,185)
Depreciable Life	40 years
Apartment/Residential
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	133,998
Initial Cost to Company, Building and Improvements	392,307
Cost Capitalized Subsequent to Acquisition	(392,597)
Gross Amount Carried at Close of Period, Land	28,625
Gross Amount Carried at Close of Period, Building and Improvements	105,083
Gross Amount Carried at Close of Period, Total	133,708
Accumulated Depreciation	0
Apartment/Residential | Arizona AAZ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	2,423
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	14,890
Gross Amount Carried at Close of Period, Land	2,423
Gross Amount Carried at Close of Period, Building and Improvements	14,890
Gross Amount Carried at Close of Period, Total	17,313
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Apartment/Residential | California ACA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	10,078
Initial Cost to Company, Building and Improvements	40,312
Cost Capitalized Subsequent to Acquisition	(44,678)
Gross Amount Carried at Close of Period, Land	1,142
Gross Amount Carried at Close of Period, Building and Improvements	4,570
Gross Amount Carried at Close of Period, Total	5,712
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Apartment/Residential | Georgia AGA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,963
Initial Cost to Company, Building and Improvements	11,850
Cost Capitalized Subsequent to Acquisition	9,693
Gross Amount Carried at Close of Period, Land	4,901
Gross Amount Carried at Close of Period, Building and Improvements	19,605
Gross Amount Carried at Close of Period, Total	24,506
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Apartment/Residential | Nevada ANZ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	18,117
Initial Cost to Company, Building and Improvements	106,829
Cost Capitalized Subsequent to Acquisition	(122,322)
Gross Amount Carried at Close of Period, Land	380
Gross Amount Carried at Close of Period, Building and Improvements	2,244
Gross Amount Carried at Close of Period, Total	2,624
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Apartment/Residential | New Jersey ANJ 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	36,405
Initial Cost to Company, Building and Improvements	64,719
Cost Capitalized Subsequent to Acquisition	(100,639)
Gross Amount Carried at Close of Period, Land	175
Gross Amount Carried at Close of Period, Building and Improvements	310
Gross Amount Carried at Close of Period, Total	485
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Apartment/Residential | Pennsylvania APA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	44,438
Initial Cost to Company, Building and Improvements	82,527
Cost Capitalized Subsequent to Acquisition	(120,315)
Gross Amount Carried at Close of Period, Land	2,327
Gross Amount Carried at Close of Period, Building and Improvements	4,323
Gross Amount Carried at Close of Period, Total	6,650
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Apartment/Residential | Pennsylvania APA 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	15,890
Initial Cost to Company, Building and Improvements	29,510
Cost Capitalized Subsequent to Acquisition	16,635
Gross Amount Carried at Close of Period, Land	15,890
Gross Amount Carried at Close of Period, Building and Improvements	46,145
Gross Amount Carried at Close of Period, Total	62,035
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Apartment/Residential | Washington AWA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	1,342
Initial Cost to Company, Building and Improvements	12,082
Cost Capitalized Subsequent to Acquisition	63
Gross Amount Carried at Close of Period, Land	1,342
Gross Amount Carried at Close of Period, Building and Improvements	12,145
Gross Amount Carried at Close of Period, Total	13,487
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Apartment/Residential | Washington AWA 002 [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,342
Initial Cost to Company, Building and Improvements	44,478
Cost Capitalized Subsequent to Acquisition	(45,924)
Gross Amount Carried at Close of Period, Land	45
Gross Amount Carried at Close of Period, Building and Improvements	851
Gross Amount Carried at Close of Period, Total	896
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Mixed Use
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	53,918
Initial Cost to Company, Building and Improvements	123,011
Cost Capitalized Subsequent to Acquisition	25,999
Gross Amount Carried at Close of Period, Land	53,918
Gross Amount Carried at Close of Period, Building and Improvements	149,010
Gross Amount Carried at Close of Period, Total	202,928
Accumulated Depreciation	(17,694)
Mixed Use | Florida LFA 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial Cost to Company, Land	10,440
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	10,440
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	10,440
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Mixed Use | Florida LFA 005
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	9,300
Initial Cost to Company, Building and Improvements	0
Cost Capitalized Subsequent to Acquisition	0
Gross Amount Carried at Close of Period, Land	9,300
Gross Amount Carried at Close of Period, Building and Improvements	0
Gross Amount Carried at Close of Period, Total	9,300
Accumulated Depreciation	$ 0
Depreciable Life	0 years
Mixed Use | Arizona MAZ 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	10,182
Initial Cost to Company, Building and Improvements	52,544
Cost Capitalized Subsequent to Acquisition	30,047
Gross Amount Carried at Close of Period, Land	10,182
Gross Amount Carried at Close of Period, Building and Improvements	82,591
Gross Amount Carried at Close of Period, Total	92,773
Accumulated Depreciation	$ (10,545)
Depreciable Life	40 years
Mixed Use | California MCA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	5,869
Initial Cost to Company, Building and Improvements	629
Cost Capitalized Subsequent to Acquisition	2
Gross Amount Carried at Close of Period, Land	5,869
Gross Amount Carried at Close of Period, Building and Improvements	631
Gross Amount Carried at Close of Period, Total	6,500
Accumulated Depreciation	$ (325)
Depreciable Life	40 years
Mixed Use | Florida MFL 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	8,450
Initial Cost to Company, Building and Improvements	8,216
Cost Capitalized Subsequent to Acquisition	(1,956)
Gross Amount Carried at Close of Period, Land	8,450
Gross Amount Carried at Close of Period, Building and Improvements	6,260
Gross Amount Carried at Close of Period, Total	14,710
Accumulated Depreciation	$ (2,179)
Depreciable Life	40 years
Mixed Use | Florida MFL 002
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	18,229
Initial Cost to Company, Building and Improvements	20,899
Cost Capitalized Subsequent to Acquisition	1,744
Gross Amount Carried at Close of Period, Land	18,229
Gross Amount Carried at Close of Period, Building and Improvements	22,643
Gross Amount Carried at Close of Period, Total	40,872
Accumulated Depreciation	$ (1,840)
Depreciable Life	40 years
Mixed Use | Florida MFL 003
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	2,507
Initial Cost to Company, Building and Improvements	8,155
Cost Capitalized Subsequent to Acquisition	1,251
Gross Amount Carried at Close of Period, Land	2,507
Gross Amount Carried at Close of Period, Building and Improvements	9,406
Gross Amount Carried at Close of Period, Total	11,913
Accumulated Depreciation	$ (826)
Depreciable Life	40 years
Mixed Use | Florida MFL 004
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	4,201
Initial Cost to Company, Building and Improvements	14,652
Cost Capitalized Subsequent to Acquisition	882
Gross Amount Carried at Close of Period, Land	4,201
Gross Amount Carried at Close of Period, Building and Improvements	15,534
Gross Amount Carried at Close of Period, Total	19,735
Accumulated Depreciation	$ (1,066)
Depreciable Life	40 years
Mixed Use | Georgia MGA 001
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial Cost to Company, Land	4,480
Initial Cost to Company, Building and Improvements	17,916
Cost Capitalized Subsequent to Acquisition	(5,971)
Gross Amount Carried at Close of Period, Land	4,480
Gross Amount Carried at Close of Period, Building and Improvements	11,945
Gross Amount Carried at Close of Period, Total	16,425
Accumulated Depreciation	$ (913)
Depreciable Life	40 years
Assets Held-for-Sale
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Accumulated Depreciation	$ (4,500)
Land and Land Development Assets
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Accumulated Depreciation	$ (6,000)

Schedule III - Real Estate a115

Schedule III - Real Estate and Accumulated Depreciation - Real Estate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward]
Balance at January 1	$ 3,444,676	$ 3,589,072	$ 3,763,310
Improvements and additions	183,269	145,238	126,664
Acquisitions through foreclosure	14,505	77,867	31,764
Other acquisitions	0	4,666	69,379
Dispositions	431,928	(341,453)	(388,906)
Impairments	(10,180)	(30,714)	(13,139)
Balance at December 31	$ 3,200,342	$ 3,444,676	$ 3,589,072

Schedule III - Real Estate a116

Schedule III - Real Estate and Accumulated Depreciation - Accumulated Depreciation Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward]
Balance at January 1	$ (481,980)	$ (432,374)	$ (388,346)
Additions	(57,049)	(62,299)	(59,208)
Dispositions	71,907	12,693	15,180
Balance at December 31	$ (467,122)	$ (481,980)	$ (432,374)

Schedule IV - Mortgage Loans117

Schedule IV - Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 1,010,108
Carrying Amount of Mortgages	934,964	$ 726,426	$ 827,796	$ 1,421,654
Reserves on impaired loans	69,600
Borrower A
Mortgage Loans on Real Estate [Line Items]
Prior Liens	0
Face Amount of Mortgages	179,075
Carrying Amount of Mortgages	$ 178,118
Borrower A | Minimum
Mortgage Loans on Real Estate [Line Items]
Variable spread on LIBOR	0.19%
Borrower B
Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	155,383
Carrying Amount of Mortgages	153,947
Borrower C
Mortgage Loans on Real Estate [Line Items]
Prior Liens	0
Face Amount of Mortgages	150,456
Carrying Amount of Mortgages	150,291
Borrower D
Mortgage Loans on Real Estate [Line Items]
Prior Liens	0
Face Amount of Mortgages	118,750
Carrying Amount of Mortgages	$ 118,089
Borrower D | Minimum
Mortgage Loans on Real Estate [Line Items]
Variable spread on LIBOR	0.25%
Borrower E
Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	90,000
Carrying Amount of Mortgages	$ 89,917
Borrower E | Minimum
Mortgage Loans on Real Estate [Line Items]
Variable spread on LIBOR	0.18%
Senior Mortgages Individually Less than 3 Percent
Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 287,736
Carrying Amount of Mortgages	215,926
Senior Mortgages
Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	981,400
Carrying Amount of Mortgages	906,288
Subordinate Mortgages Individually Less than 3 Percent
Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	28,708
Carrying Amount of Mortgages	28,676
Subordinate Mortgages
Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	28,708
Carrying Amount of Mortgages	$ 28,676

Schedule IV - Mortgage Loans118

Schedule IV - Mortgage Loans on Real Estate - Interest Rates (Details)	12 Months Ended
	Dec. 31, 2015
Borrower A | Minimum
Mortgage Loans on Real Estate [Line Items]
Variable spread on LIBOR	0.19%
Borrower D | Minimum
Mortgage Loans on Real Estate [Line Items]
Variable spread on LIBOR	0.25%
Borrower E | Minimum
Mortgage Loans on Real Estate [Line Items]
Variable spread on LIBOR	0.18%
Contractual Interest Accrual Rates | Borrower A
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	6.75%
Contractual Interest Accrual Rates | Borrower B
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	5.25%
Contractual Interest Accrual Rates | Borrower C
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	6.00%
Contractual Interest Accrual Rates | Borrower D
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	8.00%
Contractual Interest Accrual Rates | Borrower E
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	6.00%
Contractual Interest Accrual Rates | Senior Mortgages Individually Less than 3 Percent
Mortgage Loans on Real Estate [Line Items]
Minimum interest rate	3.00%
Maximum interest rate	9.68%
Contractual Interest Accrual Rates | Senior Mortgages Individually Less than 3 Percent | Minimum
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	2.75%
Contractual Interest Accrual Rates | Senior Mortgages Individually Less than 3 Percent | Maximum
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	8.00%
Contractual Interest Accrual Rates | Subordinate Mortgages Individually Less than 3 Percent
Mortgage Loans on Real Estate [Line Items]
Minimum interest rate	6.80%
Maximum interest rate	14.00%
Contractual Interest Payment Rates | Borrower A
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	6.75%
Contractual Interest Payment Rates | Borrower B
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	5.25%
Contractual Interest Payment Rates | Borrower C
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	6.00%
Contractual Interest Payment Rates | Borrower D
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	8.00%
Contractual Interest Payment Rates | Borrower E
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	6.00%
Contractual Interest Payment Rates | Senior Mortgages Individually Less than 3 Percent
Mortgage Loans on Real Estate [Line Items]
Minimum interest rate	3.00%
Maximum interest rate	9.68%
Contractual Interest Payment Rates | Senior Mortgages Individually Less than 3 Percent | Minimum
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	2.75%
Contractual Interest Payment Rates | Senior Mortgages Individually Less than 3 Percent | Maximum
Mortgage Loans on Real Estate [Line Items]
Variable rate basis	LIBOR
Variable spread on LIBOR	7.50%
Contractual Interest Payment Rates | Subordinate Mortgages Individually Less than 3 Percent
Mortgage Loans on Real Estate [Line Items]
Minimum interest rate	8.12%
Maximum interest rate	9.09%

Schedule IV - Mortgage Loans119

Schedule IV - Mortgage Loans on Real Estate - Reconciliation of Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at January 1	$ 726,426	$ 827,796	$ 1,421,654
Additions:
New mortgage loans	237,031	476,332	19,249
Additions under existing mortgage loans	92,887	13,108	31,589
Other	33,080	26,156	16,385
Deductions:
Collections of principal	(151,464)	(532,465)	(636,883)
(Provision for) recovery of loan losses	(6,186)	483	25,011
Transfers from (to) real estate and equity investments	3,261	(84,912)	(49,100)
Amortization of premium	(71)	(72)	(109)
Balance at December 31	934,964	726,426	827,796
Charge offs	$ 1,000	$ 239,600	$ 152,800