Safehold 10-K 24 Feb 20 2019 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Feb. 21, 2020	Jun. 30, 2019
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	1-15371
Entity Registrant Name	iStar Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	95-6881527
Entity Address, Address Line One	1114 Avenue of the Americas, 39th Floor
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036
City Area Code	212
Local Phone Number	930-9400
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 735.2
Entity Common Stock, Shares Outstanding		77,491,574
Documents Incorporated by Reference	Portions of the registrant's definitive proxy statement for the registrant's 2020 Annual Meeting, to be filed within 120 days after the close of the registrant's fiscal year, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001095651
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Common Stock at Par
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	STAR
Security Exchange Name	NYSE
8.00% Series D Cumulative Redeemable Preferred Stock, $0.001 par value
Entity Information [Line Items]
Title of 12(b) Security	8.00% Series D Cumulative RedeemablePreferred Stock, $0.001 par value
Trading Symbol	STAR-PD
Security Exchange Name	NYSE
7.65% Series G Cumulative Redeemable Preferred Stock, $0.001 par value
Entity Information [Line Items]
Title of 12(b) Security	7.65% Series G Cumulative RedeemablePreferred Stock, $0.001 par value
Trading Symbol	STAR-PG
Security Exchange Name	NYSE
7.50% Series I Cumulative Redeemable Preferred Stock, $0.001 par value
Entity Information [Line Items]
Title of 12(b) Security	7.50% Series I Cumulative RedeemablePreferred Stock, $0.001 par value
Trading Symbol	STAR-PI
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real estate
Real estate, at cost	$ 1,761,079	$ 2,076,333
Less: accumulated depreciation	(233,860)	(305,314)
Real estate, net	1,527,219	1,771,019
Real estate available and held for sale	8,650	22,551
Total real estate	1,535,869	1,793,570
Net investment in leases	418,915	0
Land and development, net	580,545	598,218
Loans receivable and other lending investments, net	827,861	988,224
Other investments	907,875	304,275
Cash and cash equivalents	307,172	931,751
Accrued interest and operating lease income receivable, net	10,162	10,669
Deferred operating lease income receivable, net	54,222	98,302
Deferred expenses and other assets, net	442,488	289,268
Total assets	5,085,109	5,014,277
Liabilities:
Accounts payable, accrued expenses and other liabilities	424,374	316,251
Liabilities associated with properties held for sale	57	2,341
Loan participations payable, net	35,638	22,484
Debt obligations, net	3,387,080	3,609,086
Total liabilities	3,847,149	3,950,162
Commitments and contingencies
iStar Inc. shareholders' equity:
Common Stock, $0.001 par value, 200,000 shares authorized, 77,810 and 68,085 shares issued and outstanding as of December 31, 2019 and 2018, respectively	78	68
Additional paid-in capital	3,284,877	3,352,225
Accumulated deficit	(2,205,838)	(2,472,061)
Accumulated other comprehensive loss	(38,707)	(17,270)
Total iStar Inc. shareholders' equity	1,040,422	862,978
Noncontrolling interests	197,538	201,137
Total equity	1,237,960	1,064,115
Total liabilities and equity	5,085,109	5,014,277
Preferred Stock Series D, G, and I
iStar Inc. shareholders' equity:
Preferred Stock	12	12
Preferred Stock Series J
iStar Inc. shareholders' equity:
Preferred Stock	$ 0	$ 4

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	77,810,000	68,085,000
Common stock, shares outstanding (in shares)	77,810,000	68,085,000
Preferred Stock Series D, G, and I
Liquidation preference (in dollars per share)	$ 25	$ 25
Preferred Stock Series J
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, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Total revenues	$ 479,496	$ 798,122	$ 679,202
Costs and expenses:
Interest expense	183,919	183,751	194,686
Depreciation and amortization	58,259	58,699	49,033
General and administrative	98,609	92,135	98,882
Provision for (recovery of) loan losses	6,482	16,937	(5,828)
Impairment of assets	13,419	147,108	32,379
Other expense	13,120	6,040	20,954
Total costs and expenses	575,897	994,140	718,639
Income from sales of real estate	236,623	126,004	92,049
Income (loss) from operations before earnings from equity method investments and other items	140,222	(70,014)	52,612
Loss on early extinguishment of debt, net	(27,724)	(10,367)	(14,724)
Earnings (losses) from equity method investments	41,849	(5,007)	13,015
Selling profit from sales-type leases	180,416
Gain on consolidation of equity method investment	0	67,877	0
Income (loss) from continuing operations before income taxes	334,763	(17,511)	50,903
Income tax benefit (expense)	(438)	(815)	948
Income (loss) from continuing operations	334,325	(18,326)	51,851
Income from discontinued operations	0	0	4,939
Gain from discontinued operations	0	0	123,418
Net income (loss)	334,325	(18,326)	180,208
Net income attributable to noncontrolling interests	(10,283)	(13,936)	(4,526)
Net income (loss) attributable to iStar Inc.	324,042	(32,262)	175,682
Preferred dividends	(32,495)	(32,495)	(64,758)
Net income (loss) allocable to common shareholders	$ 291,547	$ (64,757)	$ 110,924
Income (loss) attributable to iStar Inc. from continuing operations:
Basic (in dollars per share)	$ 4.51	$ (0.95)	$ (0.25)
Diluted (in dollars per share)	3.73	(0.95)	(0.25)
Net income (loss) attributable to iStar Inc.:
Basic (in dollars per share)	4.51	(0.95)	1.56
Diluted (in dollars per share)	$ 3.73	$ (0.95)	$ 1.56
Weighted average number of common shares:
Basic (in shares)	64,696	67,958	71,021
Diluted (in shares)	80,666	67,958	71,021
Operating lease income
Revenues:
Total revenues	$ 206,388	$ 208,192	$ 187,684
Interest income
Revenues:
Total revenues	77,654	97,878	106,548
Interest income from sales-type leases
Revenues:
Total revenues	20,496	0	0
Other income
Revenues:
Total revenues	55,363	82,342	188,091
Land development
Revenues:
Total revenues	119,595	409,710	196,879
Costs and expenses:
Cost of sales expense	109,663	350,181	180,916
Real estate
Costs and expenses:
Cost of sales expense	$ 92,426	$ 139,289	$ 147,617

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 334,325	$ (18,326)	$ 180,208
Other comprehensive income (loss):
Impact from adoption of new accounting standards		0	276	0
Reclassification of losses on cumulative translation adjustment into earnings upon realization	[1]	0	721	0
Reclassification of (gains)/losses on cash flow hedges into earnings upon realization	[2]	14,524	(1,508)	(168)
Unrealized gains (losses) on available-for-sale securities		2,280	(1,135)	1,186
Unrealized gains (losses) on cash flow hedges		(42,582)	(14,699)	847
Unrealized losses on cumulative translation adjustment		0	(364)	(129)
Other comprehensive income (loss)		(25,778)	(16,709)	1,736
Comprehensive income (loss)		308,547	(35,035)	181,944
Comprehensive income attributable to noncontrolling interests		(5,942)	(12,015)	(4,526)
Comprehensive income (loss) attributable to iStar Inc.		$ 302,605	$ (47,050)	$ 177,418
[1]	Amounts were reclassified to "Earnings (losses) from equity method investments" in the Company's consolidated statements of operations.
[2]	Reclassified to "Interest expense" in the Company's consolidated statements of operations are $1,861 , $388 and $64 for the years ended December 31, 2019 , 2018 and 2017 , respectively. Amount reclassified to "Gain on consolidation of equity method investment" in the Company's consolidated statements of operations is $ 1,876 for the year ended December 31, 2018. Reclassified to "Earnings (losses) from equity method investments" in the Company's consolidated statements of operations are $184 , $(20) and $304 , respectively, for the years ended December 31, 2019 , 2018 and 2017 . Amount reclassified to "Other expense" in the Company's consolidated statements of operations is $11,673 for the year ended December 31, 2019 resulting from hedged forecasted transactions becoming not probable to occur. Amount reclassified to "Income from sales of real estate" in the Company's consolidated statements of operations is $806 for the year ended December 31, 2019 .

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest expense	$ 183,919	$ 183,751	$ 194,686
Losses (earnings) from equity method investments	(41,849)	5,007	(13,015)
Other expenses	13,120	6,040	20,954
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge
Interest expense	1,861	388	64
Gain on consolidation of equity method investment		1,876
Losses (earnings) from equity method investments	184	$ (20)	$ 304
Other expenses	11,673
Income from sales of real estate	$ 806

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands		Total	Series E and F Preferred Stock	Preferred Stock Series J	Preferred Stock	[1]	Preferred Stock Series J	[1]	Common Stock at Par	Common Stock at ParPreferred Stock Series J	Additional Paid-In Capital	Additional Paid-In CapitalPreferred Stock Series J	Retained Earnings (Deficit)	Retained Earnings (Deficit)Series E and F Preferred Stock	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests
Beginning Balance at Dec. 31, 2016		$ 1,059,684			$ 22		$ 4		$ 72		$ 3,602,172		$ (2,581,488)		$ (4,218)	$ 43,120
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared—preferred		(46,614)	$ (1,830)										(46,614)	$ (1,830)
Issuance of stock/restricted stock unit amortization, net	[2]	2,522									2,522
Net income (loss) for the period	[3]	181,535											175,682			5,853
Change in accumulated other comprehensive income (loss)		1,736													1,736
Repurchase of stock		(45,928)							(4)		(45,924)
Issuance of senior unsecured convertible notes		25,869									25,869
Redemption of series E and F and J preferred stock		(240,000)			(10)						(223,676)		(16,314)
Change in additional paid in capital attributable to redeemable noncontrolling interests	[4]	(8,298)									(8,298)
Contributions from noncontrolling interests		12														12
Distributions to noncontrolling interests		(14,439)														(14,439)
Ending Balance at Dec. 31, 2017		914,249			12		4		68		3,352,665		(2,470,564)		(2,482)	34,546
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared—preferred		(32,495)											(32,495)
Dividends declared—common		(12,333)											(12,333)
Issuance of stock/restricted stock unit amortization, net	[2]	7,864							1		7,863
Net income (loss) for the period		(18,326)											(32,262)			13,936
Change in accumulated other comprehensive income		(16,985)													(15,064)	(1,921)
Change in accumulated other comprehensive income (loss)		(16,709)
Repurchase of stock		(8,304)							(1)		(8,303)
Contributions from noncontrolling interests		15,227														15,227
Distributions to noncontrolling interests		(48,930)														(48,930)
Change in noncontrolling interest attributable to consolidation of equity method investment		188,279														188,279
Ending Balance at Dec. 31, 2018		1,064,115			12		4		68		3,352,225		(2,472,061)		(17,270)	201,137
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared—preferred		(32,495)											(32,495)
Dividends declared—common		(25,324)											(25,324)
Issuance of stock/restricted stock unit amortization, net	[2]	10,182							1		7,317					2,864
Net income (loss) for the period		334,325											324,042			10,283
Change in accumulated other comprehensive income (loss)		(25,778)													(21,437)	(4,341)
Repurchase of stock		(74,647)							(7)		(74,640)
Redemption of series E and F and J preferred stock				$ (13)			(4)			$ 16		$ (25)
Contributions from noncontrolling interests		2,592														2,592
Distributions to noncontrolling interests		(14,997)														(14,997)
Ending Balance at Dec. 31, 2019		$ 1,237,960			$ 12		$ 0		$ 78		$ 3,284,877		$ (2,205,838)		$ (38,707)	$ 197,538
[1]	Refer to Note 14 for details on the Company's Preferred Stock.
[2]	Net of payments for withholding taxes upon vesting of stock-based compensation.
[3]	For the year ended December 31, 2017, net income shown above excludes $1,327 of net loss attributable to redeemable noncontrolling interests.
[4]	Represents the amount paid in excess of its carrying value to acquire a redeemable noncontrolling interest.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Net loss attributable to redeemable noncontrolling interest			$ (1,327)
Dividends declared - common (in dollars per share)	$ 0.39	$ 0.18

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ 334,325	$ (18,326)	$ 180,208
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Provision for (recovery of) loan losses	6,482	16,937	(5,828)
Impairment of assets	13,419	147,108	32,379
Depreciation and amortization	58,259	58,699	49,934
Non-cash interest income from sales-type leases	(3,781)
Stock-based compensation expense	30,436	17,563	18,812
Amortization of discounts/premiums and deferred financing costs on debt obligations, net	13,847	15,422	13,857
Amortization of discounts/premiums and deferred interest on loans, net	(42,342)	(41,168)	(55,985)
Deferred interest on loans received	10,397	40,463	52,795
Gain from consolidation of equity method investment	0	(67,877)	0
Gain from discontinued operations	0	0	(123,418)
Selling profit from sales-type leases	(180,416)
Losses (earnings) from equity method investments	(41,849)	5,007	(13,015)
Distributions from operations of other investments	30,058	18,133	42,059
Deferred operating lease income	(16,185)	(14,989)	(6,830)
Income from sales of real estate	(236,623)	(126,004)	(92,557)
Land development revenue in excess of cost of sales	(9,932)	(59,529)	(15,963)
Loss on early extinguishment of debt, net	27,724	10,367	14,724
Other operating activities, net	13,642	3,377	16,878
Changes in assets and liabilities:
Changes in accrued interest and operating lease income receivable, net	417	949	1,424
Changes in deferred expenses and other assets, net	(5,848)	(1,925)	(15,230)
Changes in accounts payable, accrued expenses and other liabilities, net	(47,655)	(28,335)	7,299
Cash flows provided by (used in) operating activities	(45,625)	(24,128)	101,543
Cash flows from investing activities:
Originations and fundings of loans receivable, net	(255,804)	(482,143)	(522,269)
Capital expenditures on real estate assets	(39,946)	(60,495)	(37,067)
Capital expenditures on land and development assets	(117,514)	(128,543)	(121,400)
Acquisitions of real estate, net investments in leases and land assets	(240,487)	(19,454)	(6,600)
Repayments of and principal collections on loans receivable and other lending investments, net	419,800	832,982	615,620
Net proceeds from sales of loans receivable	5,898	0	0
Net proceeds from sales of real estate	329,971	411,786	314,013
Net proceeds from sales of land and development assets	114,885	223,416	194,090
Cash, cash equivalents and restricted cash acquired upon consolidation of equity method investment	0	13,608	0
Distributions from other investments	62,911	40,804	49,672
Contributions to and acquisition of interest in other investments	(656,720)	(94,578)	(224,219)
Other investing activities, net	(21,090)	41,476	1,231
Cash flows provided by investing activities	(398,096)	778,859	263,071
Cash flows from financing activities:
Borrowings from debt obligations	1,486,980	704,360	2,288,654
Repayments and repurchases of debt obligations	(1,482,558)	(944,800)	(1,921,699)
Purchase of marketable securities in connection with the defeasance of mortgage notes payable	0	(110,939)	0
Preferred dividends paid	(32,495)	(32,496)	(48,444)
Common dividends paid	(25,059)	(12,227)	0
Repurchase of stock	(68,289)	(8,304)	(45,928)
Redemption of Series E and F preferred stock	0	0	(240,000)
Payments for deferred financing costs	(19,928)	(5,471)	(32,419)
Payments for withholding taxes upon vesting of stock-based compensation	(4,475)	(4,807)	(724)
Contributions from noncontrolling interests	2,812	13,927	12
Distributions to and redemption of noncontrolling interests	(14,998)	(60,743)	(26,213)
Payments for debt prepayment or extinguishment costs	(20,606)	(4,132)	(14,108)
Other financing activities, net	(13)	7,693	(611)
Cash flows used in financing activities	(178,629)	(457,939)	(41,480)
Effect of exchange rate changes on cash	12	19	(28)
Changes in cash, cash equivalents and restricted cash	(622,338)	296,811	323,106
Cash, cash equivalents and restricted cash at beginning of period	974,544	677,733	354,627
Cash, cash equivalents and restricted cash at end of period	352,206	974,544	677,733
Supplemental disclosure of cash flow information:
Cash paid during the period for interest, net of amount capitalized	181,520	171,590	179,208
Supplemental disclosure of non-cash investing and financing activity:
Fundings and repayments of loan receivables and loan participations, net	13,014	(80,095)	(57,514)
Sales-type lease origination	411,523	0	0
Acquisitions of real estate and land and development assets through deed-in-lieu	0	4,600	0
Contributions of real estate and land and development assets to equity method investments, net	4,073	0	0
Accounts payable for capital expenditures on land and development assets	0	16,052	3,775
Marketable securities transferred in connection with the defeasance of mortgage notes payable	0	110,939	0
Accounts payable for capital expenditures on real estate assets	0	0	2,709
Acquisition of land and development asset through joint venture consolidation	27,000	0	0
Conversion of Series J convertible preferred stock	193,510	0	0
Defeasance of mortgage notes payable	0	(105,785)	0
Receivable from sales of real estate and land parcels	0	0	4,853
Accrued finance costs	2,362	0	0
Accrued stock repurchases	6,358	0	0
Assumption of mortgage by third party	228,000	0	0
Financing provided on sales of land and development assets, net	0	142,639	0
Increase in net lease assets upon consolidation of equity method investment	0	844,550	0
Increase in debt obligations upon consolidation of equity method investment	0	464,706	0
Increase in noncontrolling interests upon consolidation of equity method investment	$ 0	$ 200,093	$ 0

Business and Organization

Business and Organization	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Organization	Business and Organization Business —iStar Inc. (the "Company") finances, invests in and develops real estate and real estate related projects as part of its fully-integrated investment platform. The Company also manages entities focused on ground lease and net lease investments (refer to Note 8). The Company has invested over $40 billion of capital 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 reportable business segments are real estate finance, net lease, operating properties and land and development (refer to Note 18). 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 and corporate acquisitions.

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	12 Months Ended
	Dec. 31, 2019
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. Principles of Consolidation —The consolidated financial statements include the financial statements of the Company, its wholly owned subsidiaries, controlled partnerships and VIEs for which the Company is the primary beneficiary. All 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," "Interest income," "Earnings from equity method investments," "Real estate expense" and "Interest expense" in the Company's consolidated statements of operations. The Company has provided no financial support to those VIEs that it was not previously contractually required to provide. Consolidated VIEs —The Company consolidates VIEs for which it is considered the primary beneficiary. The liabilities of these VIEs are non-recourse to the Company and can only be satisfied from each VIE's respective assets. The Company did not have any unfunded commitments related to consolidated VIEs as of December 31, 2019 . The following table presents the assets and liabilities of the Company's consolidated VIEs as of December 31, 2019 and 2018 ($ in thousands): As of December 31, 2019 December 31, ASSETS Real estate Real estate, at cost $ 891,000 $ 848,052 Less: accumulated depreciation (37,542 ) (15,365 ) Real estate, net 853,458 832,687 Land and development, net 273,617 279,031 Other investments 45 72 Cash and cash equivalents 19,112 25,219 Accrued interest and operating lease income receivable, net 1,208 1,302 Deferred operating lease income receivable, net 19,547 8,972 Deferred expenses and other assets, net 134,117 167,324 Total assets $ 1,301,104 $ 1,314,607 LIABILITIES Accounts payable, accrued expenses and other liabilities $ 107,455 $ 106,907 Debt obligations, net 482,918 485,000 Total liabilities 590,373 591,907 Unconsolidated VIEs —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, 2019 , the Company's maximum exposure to loss from these investments does not exceed the sum of the $115.2 million carrying value of the investments, which are classified in "Other investments" on the Company's consolidated balance sheets, and $14.8 million

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The following paragraphs describe the impact on the Company's consolidated financial statements from the adoption of Accounting Standards Updates ("ASUs") on January 1, 2019. ASU 2016-02 and ASU 2018-11—Accounting Standards Update ("ASU") 2016-02, Leases ("ASU 2016-02") required the recognition of right-of-use lease assets and lease liabilities by the Company as lessee for those leases classified as operating or finance leases, both measured at the present value of the lease payments, on its consolidated balance sheets. For operating lease arrangements as of December 31, 2018 for which the Company was the lessee, primarily under leases of office space and certain ground leases, the Company recorded operating lease right-of-use assets of $31.6 million in "Deferred expenses and other assets, net" and operating lease liabilities of $31.6 million in "Accounts payable, accrued expenses and other liabilities" on its consolidated balance sheets. In addition, the Company entered into finance leases in 2019, and as of December 31, 2019 , recorded finance lease right-of-use assets of $145.2 million in "Deferred expenses and other assets, net" and finance lease liabilities of $147.7 million in "Accounts payable, accrued expenses and other liabilities" on its consolidated balance sheets (refer to Significant Accounting Policies below). The Company, as lessor, classifies certain of its leases on net lease properties as sales-type leases and records the leases as "Net investment in leases" on the Company's consolidated balance sheets (refer to Note 5). For the Company's leases which qualify as sales-type leases, the Company records "Interest income from sales-type leases" in the Company's consolidated statements of operations. The amount recorded as interest income from sales-type leases in any given period will likely be different than the straight-line lease income that would have been recorded under the superseded guidance. Management elected the practical expedient package that allowed the Company: (a) to not reassess whether any expired or existing contracts entered into prior to January 1, 2019 are or contain leases; (b) to not reassess the lease classification for any expired or existing leases entered into prior to January 1, 2019; and (c) to not reassess initial direct costs for any expired or existing leases entered into prior to January 1, 2019. In addition, the Company elected to not record on its consolidated balance sheets leases whose term is less than 12 months at lease inception. ASU 2018-11, Leases amended ASU 2016-02 so that: (i) entities could elect to not recast the comparative periods presented when transitioning to ASC 842 by allowing entities to change their initial application to the beginning of the period of adoption; and (ii) provided lessors with a practical expedient to not separate non-lease components from the associated lease component of the contractual payments if certain conditions are met. Management elected both of these provisions. ASU 2018-16—ASU 2018-16, Derivatives and Hedging (Topic 815): Inclusion of the Secured Overnight Financing Rate ("SOFR") Overnight Index Swap ("OIS") Rate as a Benchmark Interest Rate for Hedge Accounting Purposes was issued in October 2018 and expands the list of U.S. benchmark interest rates permitted in the application of hedge accounting by adding the OIS rate based on SOFR as an eligible benchmark interest rate. The adoption of ASU 2018-16 did not have a material impact on the Company's consolidated financial statements. 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 methods as appropriate during construction. The Company’s policy for interest capitalization on qualifying real estate assets is to use the average amount of accumulated expenditures during the period the asset is being prepared for its intended use, which is typically when physical construction commences, and a capitalization rate which is derived from specific borrowings on the qualifying asset or the Company’s corporate borrowing rate in the absence of specific borrowings. 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 and in-place leases 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 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 may also engage in sale/leaseback transactions and execute leases with the occupant simultaneously with the purchase of the asset. These transactions are accounted for as asset acquisitions. Impairments— The Company reviews real estate assets to be held for use 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 and land and development assets are 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 and land and development assets are 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 disposed of or classified as held for sale 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. The Company classifies its real estate assets as held for sale in the period in which all of the following conditions are met: (i) the Company commits to a plan and has the authority to sell the asset; (ii) the asset is available for sale in its current condition; (iii) the Company has initiated an active marketing plan to locate a buyer for the asset; (iv) the sale of the asset is both probable and expected to qualify for full sales recognition within a period of 12 months; (v) the asset is being actively marketed for sale at a price that is reflective of its current fair value; and (vi) the Company does not anticipate changes to its plan to sell the asset. 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—G ains or losses on the sale of real estate assets, including residential property, are recognized in accordance with Accounting Standards Codification ("ASC") 610-20 , Gains and Losses from the Derecognition of Nonfinancial Assets. The Company primarily uses specific identification and the relative sales value method to allocate costs. Gains on sales of real estate are included in "Income from sales of real estate" in the Company's consolidated statements of operations. Net Investment in Leases —Net investment in leases are recognized when the Company's leases qualify as sales-type leases. The net investment in leases is initially measured at the present value of the fixed and determinable lease payments, including any guaranteed or unguaranteed residual value of the asset at the end of the lease, discounted at the rate implicit in the lease. Acquisition-related costs are capitalized and recorded in "Net Investment in Leases" on the Company's consolidated balance sheets. If a lease qualifies as a sales-type lease, it is further evaluated to determine whether the transaction is considered a sale leaseback transaction. If the sales-type lease does not qualify as a sale leaseback transaction, the lease is considered a financing receivable and is recognized in accordance with ASC 310 (refer to Note 5) and recorded in "Loans receivable and other lending investments, net" on the Company's consolidated balance sheets. 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, net," "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 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. Equity method investments are included in "Other investments" on the Company's consolidated balance sheets. The Company also has equity interests that are not accounted for pursuant to the equity method of accounting. These equity interests are carried at cost, plus or minus any changes in value identified through observable comparable price changes in transactions in identical or similar investments of the same entity. The changes in fair value for these investments are included in "Other income" in the consolidated statements of operations. 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. The following table provides a reconciliation of the cash and cash equivalents and restricted cash reported in the Company's consolidated balance sheets that total to the same amount as reported in the consolidated statements of cash flows (in thousands): December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 Cash and cash equivalents $ 307,172 $ 931,751 $ 657,688 $ 328,744 Restricted cash included in deferred expenses and other assets, net 45,034 42,793 20,045 25,883 Total cash, cash equivalents and restricted cash reported in the consolidated statements of cash flows $ 352,206 $ 974,544 $ 677,733 $ 354,627 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. Deferred expenses and other assets / Accounts payable, accrued expenses and other liabilities — Deferred expenses and other assets include certain non-tenant receivables, leasing costs, lease incentives and financing fees associated with revolving-debt arrangements. Financing fees associated with other debt obligations are recorded as a reduction of the carrying value of "Debt obligations, net" and "Loan participations payable, net" on the Company's consolidated balance sheets. Lease incentives and leasing costs that include brokerage, legal and other costs 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. Effective January 1, 2019 with the adoption of ASU 2016-02, the Company, as lessee, records right-of-use lease assets in "Deferred expenses and other assets" and lease liabilities in "Accounts payable, accrued expenses and other liabilities" on its consolidated balance sheets for operating and finance leases, both measured at the present value of the fixed and determinable lease payments. Some of the Company's lease agreements include extension options, which are not included in the lease payments unless the extensions are reasonably certain to be exercised. For operating leases, the Company recognizes a single lease cost for office leases in "General and administrative" and a single lease cost for ground leases in "Real estate expense" in the consolidated statements of operations, calculated so that the cost of the lease is allocated generally on a straight-line basis over the term of the lease, and classifies all cash payments within operating activities in the consolidated statements of cash flows. For finance leases, the Company recognizes amortization of the right-of-use assets on a straight-line basis over the term of the lease in "Depreciation and amortization" and interest expense on the lease liability using the effective interest method in "Interest expense" in the consolidated statements of operations. Repayments of the principal portion of the finance lease liability are classified within financing activities in the consolidated statements of cash flows and payments of interest on a finance lease liability are classified within operating activities in the consolidated statement of cash flows. Identified intangible assets and liabilities — Upon the acquisition of a business or an asset, 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, 2019 , 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: For the Company's leases classified as operating leases, 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, net" 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 a reserve based on management's evaluation of the credit risks associated with these receivables. As of December 31, 2019 and 2018 , the allowance for doubtful accounts related to real estate tenant receivables was $1.0 million and $1.5 million , respectively, and the allowance for doubtful accounts related to deferred operating lease income was $1.0 million and $1.8 million , respectively. Interest Income: Interest income on loans receivable and financing receivables (refer to Note 5) 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. 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. Interest Income from Sales-Type Leases —Interest income from sales-type leases is recognized in "Interest income from sales-type leases" in the Company's consolidated statements of operations under the effective interest method. The effective interest method produces a constant yield on the net investment in the lease over the term of the lease. Rent payments that are not fixed and determinable at lease inception, such as percentage rent and CPI adjustments, are not included in the effective interest method calculation and are recognized in "Interest income from sales-type leases" in the Company's consolidated statements of operations in the period earned. 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, yield maintenance payments, lease termination fees, management fees and other ancillary income. During the year ended December 31, 2017, the Company recorded $123.4 million of interest income and real estate tax reimbursements resulting from the settlement of litigation involving a dispute over the purchase and sale of land (refer to Note 6). 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, including financing receivables (refer to Note 5), 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

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
Real Estate	Real Estate The Company's real estate assets were comprised of the following ($ in thousands): Net Lease (1) Operating Properties Total As of December 31, 2019 Land, at cost $ 199,710 $ 106,187 $ 305,897 Buildings and improvements, at cost 1,347,321 107,861 1,455,182 Less: accumulated depreciation (219,949 ) (13,911 ) (233,860 ) Real estate, net 1,327,082 200,137 1,527,219 Real estate available and held for sale (2) — 8,650 8,650 Total real estate $ 1,327,082 $ 208,787 $ 1,535,869 As of December 31, 2018 Land, at cost $ 336,740 $ 133,599 $ 470,339 Buildings and improvements, at cost 1,487,270 118,724 1,605,994 Less: accumulated depreciation (287,516 ) (17,798 ) (305,314 ) Real estate, net 1,536,494 234,525 1,771,019 Real estate available and held for sale (2) 1,055 21,496 22,551 Total real estate $ 1,537,549 $ 256,021 $ 1,793,570 _______________________________________________________________________________ (1) In May 2019, the Company modified certain of its leases. As a result of these modifications, the Company classified the leases as sales-type leases and recorded $424.1 million in "Net investment in leases" and derecognized $193.4 million from "Real estate, net" and "Real estate available and held for sale" on its consolidated balance sheet (refer to Note 5). (2) As of December 31, 2019 and 2018 , the Company had $8.6 million and $20.6 million , respectively, of residential condominiums available for sale in its operating properties portfolio. Real Estate Available and Held for Sale— The following table presents the carrying value of properties transferred to held for sale, by segment ($ in millions) (1) : Year Ended December 31, Property Type 2019 2018 2017 Operating Properties $ 14.5 $ 23.2 $ 20.1 Net Lease 185.9 8.1 0.9 Total $ 200.4 $ 31.3 $ 21.0 _______________________________________________________________________________ (1) Properties were transferred to held for sale due to executed contracts with third parties or changes in business strategy. All of these properties were ultimately sold. Acquisitions— During the year ended December 31, 2019 , the Company acquired a net lease asset for $11.5 million . In addition, the Company acquired the leasehold interest in an office property for $98.2 million , inclusive of closing costs, and simultaneously entered into a new 98 -year ground lease with SAFE (refer to Note 8) and also acquired the leasehold interest in a net lease asset for $110.6 million and simultaneously entered into a new 99 -year Ground Lease with SAFE (refer to Note 8). During the year ended December 31, 2018, the Company acquired two net lease assets for an aggregate $14.8 million . Disposition of Ground Lease Business— In April 2017, institutional investors acquired a controlling interest in the Company's ground lease business through the merger of a Company subsidiary and related transactions (the "Acquisition Transactions"). Ground leases generally represent ownership of the land underlying commercial real estate projects that is triple net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon ("Ground Lease"). The Company's Ground Lease business was a component of the Company's net lease segment and consisted of 12 properties subject to long term net leases including seven Ground Leases and one master lease (covering five properties). The acquiring entity was a newly formed unconsolidated entity named Safety, Income & Growth Inc., which was subsequently renamed Safehold Inc. ("SAFE"). The carrying value of the Company's Ground Lease assets was approximately $161.1 million . Shortly before the Acquisition Transactions, the Company completed a $227.0 million financing on its Ground Lease assets. The Company received all of the proceeds of the financing. The Company received an additional $113.0 million of proceeds in the Acquisition Transactions, including $55.5 million that the Company contributed to SAFE in its initial capitalization. As a result of the Acquisition Transactions, the Company deconsolidated the 12 properties and the associated financing. The Company accounts for its investment in SAFE as an equity method investment (refer to Note 8). The Company accounted for this transaction as an in substance sale of real estate and recognized a gain of $123.4 million , reflecting the aggregate gain less the fair value of the Company's retained interest in SAFE. The gain was recorded in "Gain from discontinued operations" in the Company's consolidated statements of operations. As a result of the adoption of ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets, on January 1, 2018, the Company recorded an increase to retained earnings of $55.5 million , bringing the Company's aggregate gain on the sale of its Ground Lease business to approximately $178.9 million . Discontinued Operations— The transactions described above involving the Company's Ground Lease business qualified for discontinued operations and the following table summarizes income from discontinued operations for the year ended December 31, 2017 ($ in thousands) (1) : Revenues $ 5,922 Expenses (1,491 ) Income from sales of real estate 508 Income from discontinued operations $ 4,939 _______________________________________________________________________________ (1) The transactions closed on April 14, 2017. Revenues primarily consisted of operating lease income and expenses primarily consisted of depreciation and amortization and real estate expense. The following table presents cash flows provided by operating activities and cash flows used in investing activities from discontinued operations for the year ended December 31, 2017 ($ in thousands). Cash flows provided by operating activities $ 5,702 Cash flows used in investing activities (534 ) Other Dispositions— The following table presents the proceeds and income recognized for properties sold, by property type ($ in millions): Years Ended December 31, 2019 2018 2017 Operating Properties (1) Proceeds $ 86.1 $ 327.9 $ 41.3 Income from sales of real estate 11.9 81.0 4.5 Net Lease (2) Proceeds $ 469.4 $ 79.7 $ 175.4 Income from sales of real estate 224.7 45.0 87.5 Total Proceeds $ 555.5 $ 407.6 $ 216.7 Income from sales of real estate 236.6 126.0 92.0 _______________________________________________________________________________ (1) During the year ended December 31, 2019 , the Company sold commercial and residential operating properties with an aggregate carrying value of $73.1 million and recognized $11.9 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations. During the year ended December 31, 2018 , the Company sold 10 commercial operating properties and residential condominium units from other properties and recognized $81.0 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations, of which $9.8 million was attributable to a noncontrolling interest at one of the properties. (2) During the year ended December 31, 2019 , the Company sold a portfolio of net lease assets with an aggregate carrying value of $220.4 million and recognized $219.7 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations. In connection with the sale of this portfolio of assets the buyer assumed a $228.0 million non-recourse mortgage. During the year ended December 31, 2018 , the Company sold five net lease assets and recognized $45.0 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations. During the year ended December 31, 2017, the Company sold one net lease property and recognized a gain on sale of $62.5 million . Prior to the sale, the Company acquired the noncontrolling interest with a carrying value of $3.5 million for $12.0 million . Impairments— During the years ended December 31, 2019 , 2018 and 2017, the Company recorded aggregate impairments on real estate assets totaling $5.4 million , $90.4 million and $11.9 million , respectively. During the year ended December 31, 2019 , the Company recorded an aggregate impairment of $5.4 million in connection with the sale of net lease and operating properties and residential condominium units. The impairments recorded in 2018 were primarily from the Company's decision to accelerate the monetization of certain legacy assets, including several larger assets. The impairments recorded in 2017 were primarily the result of shifting demand in the local condominium markets, changes in the Company's exit strategy on other real estate assets and an impairment recorded in connection with the sale of an outparcel located at a commercial operating property. 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 $21.2 million , $22.4 million and $21.9 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. These amounts are included in "Operating lease income" in the Company's consolidated statements of operations. Allowance for Doubtful Accounts— As of December 31, 2019 and 2018 , the allowance for doubtful accounts related to real estate tenant receivables was $1.0 million and $1.5 million , respectively, and the allowance for doubtful accounts related to deferred operating lease income was $1.0 million and $1.8 million , respectively. These amounts are included in "Accrued interest and operating lease income receivable, net" and "Deferred operating lease income receivable, net," respectively, on the Company's consolidated balance sheets. Future Minimum Operating Lease Payments— Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2019 , are as follows ($ in thousands): Year Net Lease Assets Operating Properties 2020 $ 141,993 $ 16,625 2021 141,763 16,293 2022 140,165 8,112 2023 131,998 7,822 2024 126,453 7,801

Net Investment in Leases

Net Investment in Leases	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Net Investment in Leases	Net Investment in Leases In May 2019, the Company entered into a transaction with an operator of bowling entertainment venues, consisting of the purchase of nine bowling centers for $56.7 million , of which seven were acquired from the lessee for $44.1 million , and a commitment to invest up to $55.0 million in additional bowling centers over the next several years. The new centers were added to the Company's existing master leases with the tenant. In connection with this transaction, the maturities of the master leases were extended by 15 years to 2047. As a result of the modifications to the leases, the Company classified the leases as sales-type leases and recorded $424.1 million in "Net investment in leases" and derecognized $193.4 million from "Real estate, net" and "Real estate available and held for sale," $25.4 million from "Deferred operating lease income receivable, net," $13.4 million from "Deferred expenses and other assets, net" and $1.9 million from "Accounts payable, accrued expenses and other liabilities" on its consolidated balance sheet. The Company recognized $180.4 million in "Selling profit from sales-type leases" in its consolidated statements of operations for the year ended December 31, 2019 as a result of the transaction. The Company determined that the seven bowling centers acquired from the lessee did not qualify as a sale leaseback transaction and, as a result, recorded a $44.1 million financing receivable in "Loans receivable and other lending investments, net" on its consolidated balance sheet (refer to Note 7). For the year ended December 31, 2019 , the Company recognized $20.5 million of "Interest income from sales-type leases" in the Company's consolidated statements of operations. Future Minimum Lease Payments under Sales-type Leases —Future minimum lease payments to be collected under sales-type leases, excluding lease payments that are not fixed and determinable, in effect as of December 31, 2019 , are as follows by year ($ in thousands): Amount 2020 $ 27,565 2021 28,062 2022 30,549 2023 30,549 2024 30,549 Thereafter 894,745 Total undiscounted cash flows 1,042,019 Unguaranteed estimated residual value 340,620 Present value discount (963,724 ) Net investment in leases as of December 31, 2019 $ 418,915 Impairments— During the year ended December 31, 2019 , the Company recorded an impairment of $0.9 million in connection with the sale of a net lease property.

Land and Development

Land and Development	12 Months Ended
	Dec. 31, 2019
Land And Development [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, 2019 2018 Land and land development, at cost $ 590,153 $ 606,849 Less: accumulated depreciation (9,608 ) (8,631 ) Total land and development, net $ 580,545 $ 598,218 Acquisitions— During the year ended December 31, 2019, the Company acquired a land and development asset from an unconsolidated entity in which the Company owned a noncontrolling 50% equity interest for $34.3 million , which consisted of a $7.3 million cash payment and the assumption of a $27.0 million loan (refer to Note 8). During the year ended December 31, 2018, the Company acquired, via foreclosure, title to a land asset which had a total fair value of $4.6 million and had previously served as collateral for loans receivable held by the Company. No gain or loss was recorded in connection with this transaction. Dispositions— During the years ended December 31, 2019 , 2018 and 2017 , the Company sold land parcels and residential lots and units and recognized land development revenue of $119.6 million , $409.7 million and $196.9 million , respectively. In connection with the sale of two land parcels totaling 93 acres during the year ended December 31, 2018, the Company provided an aggregate $145.0 million of financing to the buyers, of which $94.2 million was outstanding as of December 31, 2019. During the years ended December 31, 2019 , 2018 and 2017 , the Company recognized land development cost of sales of $109.7 million , $350.2 million and $180.9 million , respectively, from its land and development portfolio. In connection with the resolution of litigation involving a dispute over the purchase and sale of approximately 1,250 acres of land in Prince George’s County, Maryland, during the year ended December 31, 2017, the Company recognized $114.0 million of land development revenue and $106.3 million of land development cost of sales. Impairments— During the year ended December 31, 2019 , the Company recorded an aggregate impairment of $5.3 million on two land and development assets based on expected sales proceeds and an impairment of $1.1 million on a land and development asset due to a change in business strategy. During the year ended December 31, 2018, the Company recorded an aggregate impairment of $56.7 million on five land and development assets, primarily from the Company's decision to accelerate the monetization of legacy assets, including several larger assets. During the year ended December 31, 2017, the Company recorded impairments on land and development assets of $20.5 million resulting from a decrease in expected cash flows on one asset and a change in exit strategy on another asset.

Loans Receivable and Other Lend

Loans Receivable and Other Lending Investments, net	12 Months Ended
	Dec. 31, 2019
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 2019 2018 Senior mortgages $ 572,584 $ 760,749 Corporate/Partnership loans 119,818 148,583 Subordinate mortgages 10,877 10,161 Total gross carrying value of loans 703,279 919,493 Reserves for loan losses (28,634 ) (53,395 ) Total loans receivable, net 674,645 866,098 Other lending investments (1) 153,216 122,126 Total loans receivable and other lending investments, net $ 827,861 $ 988,224 _______________________________________________________________________________ (1) As of December 31, 2019 , includes a $44.3 million financing receivable related to the acquisition of bowling centers from one of the Company's lessees (refer to Note 5). Reserve for Loan Losses —Changes in the Company's reserve for loan losses were as follows ($ in thousands): For the Years Ended December 31, 2019 2018 2017 Reserve for loan losses at beginning of period $ 53,395 $ 78,489 $ 85,545 Provision for (recovery of) loan losses 6,482 16,937 (5,828 ) Charge-offs (31,243 ) (42,031 ) (1,228 ) Reserve for loan losses at end of period $ 28,634 $ 53,395 $ 78,489 _______________________________________________________________________________ (1) During the year ended December 31, 2019, the Company charged-off $19.2 million from the specific reserve due to the resolution of a non-performing loan and $12.0 million due to the deterioration of the collateral on a separate non-performing loan. The Company's recorded investment in loans (comprised of a loan's carrying value plus accrued interest) and the associated reserve for loan losses were as follows ($ in thousands): Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment (2) Total As of December 31, 2019 Loans $ 37,820 $ 668,769 $ 706,589 Less: Reserve for loan losses (21,701 ) (6,933 ) (28,634 ) Total (3) $ 16,119 $ 661,836 $ 677,955 As of December 31, 2018 Loans $ 66,725 $ 857,662 $ 924,387 Less: Reserve for loan losses (40,395 ) (13,000 ) (53,395 ) Total (3) $ 26,330 $ 844,662 $ 870,992 _______________________________________________________________________________ (1) The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs totaling net discounts of $0.1 million and $0.5 million as of December 31, 2019 and 2018 , respectively. The Company's loans individually evaluated for impairment primarily represent loans on non-accrual status; 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 $0.7 million and $3.1 million as of December 31, 2019 and 2018 , respectively. (3) The Company's recorded investment in loans as of December 31, 2019 and 2018 includes accrued interest of $3.3 million and $4.9 million , respectively, which is included in "Accrued interest and operating lease income receivable, net" on the Company's consolidated balance sheets. As of December 31, 2019 , excludes a $44.3 million financing receivable (refer to Note 5). As of December 31, 2019 and 2018 , the total amounts exclude $108.9 million and $122.1 million , respectively, of securities that are evaluated for impairment under ASC 320. Credit Characteristics —As part of the Company's process for monitoring the credit quality of its loans, it performs a quarterly loan portfolio assessment and assigns risk ratings to each of its performing loans. Risk ratings, which range from 1 (lower risk) to 5 (higher risk), are based on judgments which are inherently uncertain and there can be no assurance that actual performance will be similar to current expectation. The Company's recorded investment in performing loans, presented by class and by credit quality, as indicated by risk rating, was as follows ($ in thousands): As of December 31, 2019 2018 Performing Loans Weighted Average Risk Ratings Performing Loans Weighted Average Risk Ratings Senior mortgages $ 537,201 2.71 $ 697,807 2.76 Corporate/Partnership loans 120,658 2.83 149,663 2.84 Subordinate mortgages 10,910 3.00 10,192 3.00 Total $ 668,769 2.73 $ 857,662 2.77 The Company's recorded investment in loans, aged by payment status and presented by class, was as follows ($ in thousands): As of December 31, 2019 Current Less Than and Equal to 90 Days Greater Than 90 Days (1) Total Past Due Total Senior mortgages $ 537,201 $ — $ 37,820 $ 37,820 $ 575,021 Corporate/Partnership loans 120,658 — — — 120,658 Subordinate mortgages 10,910 — — — 10,910 Total $ 668,769 $ — $ 37,820 $ 37,820 $ 706,589 As of December 31, 2018 Senior mortgages $ 703,807 $ — $ 60,725 $ 60,725 $ 764,532 Corporate/Partnership loans 149,663 — — — 149,663 Subordinate mortgages 10,192 — — — 10,192 Total $ 863,662 $ — $ 60,725 $ 60,725 $ 924,387 _______________________________________________________________________________ (1) As of December 31, 2019, the Company had one loan which was greater than 90 days delinquent and was in various stages of resolution, including legal and environmental matters, and was 10.5 years outstanding. As of December 31, 2018, the Company had two loans which were greater than 90 days delinquent and were in various stages of resolution, including legal and foreclosure-related proceedings and environmental matters, and ranged from 4.0 to 9.0 years outstanding. Impaired Loans —In the second quarter 2018, the Company resolved a non-performing loan with a carrying value of $145.8 million . The Company received a $45.8 million cash payment and a preferred equity investment with a face value of $100.0 million that is mandatorily redeemable in five years . The Company recorded the preferred equity at its fair value of $77.0 million and are accruing interest over the expected duration of the investment. In addition, the Company recorded a $21.4 million loan loss provision and simultaneously charged-off of the remaining unpaid balance. The Company's recorded investment in impaired loans, presented by class, was as follows ($ in thousands) (1) : As of December 31, 2019 As of December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With an allowance recorded: Senior mortgages $ 37,820 $ 37,923 $ (21,701 ) $ 66,725 $ 66,777 $ (40,395 ) Total $ 37,820 $ 37,923 $ (21,701 ) $ 66,725 $ 66,777 $ (40,395 ) _______________________________________________________________________________ (1) All of the Company's non-accrual loans are considered impaired and included in the table above. The Company's average recorded investment in impaired loans and interest income recognized, presented by class, was as follows ($ in thousands): For the Years Ended December 31, 2019 2018 2017 Average Interest Average Interest Average Recorded Investment Interest Income Recognized With no related allowance recorded: Subordinate mortgages $ — $ — $ — $ 301 $ 6,582 $ 1,127 Subtotal — — — 301 6,582 1,127 With an allowance recorded: Senior mortgages 38,556 — 67,041 — 82,749 — Corporate/Partnership loans — — 39,169 — 156,756 — Subtotal 38,556 — 106,210 — 239,505 — Total: Senior mortgages 38,556 — 67,041 — 82,749 — Corporate/Partnership loans — — 39,169 — 156,756 — Subordinate mortgages — — — 301 6,582 1,127 Total $ 38,556 $ — $ 106,210 $ 301 $ 246,087 $ 1,127 There was no interest income related to the resolution of non-performing loans recorded during the years ended December 31, 2019 , 2018 and 2017 . Other lending investments —Other lending investments includes the following securities ($ in thousands): Face Value Amortized Cost Basis Net Unrealized Gain Estimated Fair Value Net Carrying Value As of December 31, 2019 Available-for-Sale Securities Municipal debt securities $ 21,140 $ 21,140 $ 2,756 $ 23,896 $ 23,896 Held-to-Maturity Securities Debt securities 100,000 84,981 — 84,981 84,981 Total $ 121,140 $ 106,121 $ 2,756 $ 108,877 $ 108,877 As of December 31, 2018 Available-for-Sale Securities Municipal debt securities $ 21,185 $ 21,185 $ 476 $ 21,661 $ 21,661 Held-to-Maturity Securities Debt securities 120,866 100,465 7 100,472 100,465 Total $ 142,051 $ 121,650 $ 483 $ 122,133 $ 122,126 As of December 31, 2019 , 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 $ — $ — $ — $ — After one year through 5 years 84,981 84,981 — — After 5 years through 10 years — — — — After 10 years — — 21,140 23,896 Total $ 84,981 $ 84,981 $ 21,140 $ 23,896

Other Investments

Other Investments	12 Months Ended
	Dec. 31, 2019
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, 2019 2018 2019 2018 2017 Real estate equity investments Safehold Inc. ("SAFE") (1) $ 729,357 $ 149,589 $ 29,764 $ 4,711 $ 551 iStar Net Lease II LLC ("Net Lease Venture II") 30,712 16,215 (529 ) (333 ) — iStar Net Lease I LLC ("Net Lease Venture") (2) — — — 4,100 4,534 Other real estate equity investments (3) 104,553 130,955 12,620 (4,112 ) 6,520 Subtotal 864,622 296,759 41,855 4,366 11,605 Other strategic investments (4) 43,253 7,516 (6 ) (9,373 ) 1,410 Total $ 907,875 $ 304,275 $ 41,849 $ (5,007 ) $ 13,015 _______________________________________________________________________________ (1) As of December 31, 2019 , the Company owned 31.2 million shares of SAFE common stock which, based on the closing price of $40.30 on December 31, 2019 , had a market value of $1.3 billion . For the year ended December 31, 2019, equity in earnings includes a dilution gain of $7.6 million resulting from SAFE equity offerings during 2019. (2) The Company consolidated the assets and liabilities of the Net Lease Venture on June 30, 2018 (refer to Net Lease Venture below). (3) During the year ended December 31, 2019 , equity in earnings (losses) includes $19.3 million of income resulting primarily from the sale of properties at two of the Company's equity method investments. During the year ended December 31, 2018, the Company recorded a $6.1 million impairment on a land and development equity method investment due to a change in business strategy. (4) For the year ended December 31, 2018, equity in earnings (losses) includes a $10.0 million impairment on a foreign equity method investment due to local market conditions. Safehold Inc. —SAFE is a publicly-traded company formed by the Company primarily to acquire, own, manage, finance and capitalize ground leases. Ground leases generally represent ownership of the land underlying commercial real estate projects that is net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon ("Ground Leases"). On January 2, 2019, the Company purchased 12.5 million newly designated limited partnership units (the "Investor Units") in SAFE's operating partnership ("SAFE OP"), at a purchase price of $20.00 per unit, for a total purchase price of $250.0 million . The purpose of the investment was to allow SAFE to fund additional Ground Lease acquisitions and originations. Each Investor Unit received distributions equivalent to distributions declared and paid on one share of SAFE's common stock. The Investor Units had no voting rights. They had limited protective consent rights over certain matters such as amendments to the terms of the Investor Units that would adversely affect the Investor Units. In May 2019, after the approval of SAFE's stockholders, the Investor Units were exchanged for shares of SAFE's common stock on a one-for-one basis. Following the exchange, the Investor Units were retired. In connection with the Company's purchase of the Investor Units, it entered into a Stockholder's Agreement with SAFE on January 2, 2019. The Stockholder's Agreement: • limits the Company's discretionary voting power to 41.9% of the outstanding voting power of SAFE's common stock until its aggregate ownership of SAFE common stock is less than 41.9% ; • requires the Company to cast all of its voting power in favor of three director nominees to SAFE's board who are independent of each of the Company and SAFE for three years ; • subjects the Company to certain standstill provisions for two years ; • restricts the Company's ability to transfer shares of SAFE common stock issued in exchange for Investor Units, or "Exchange Shares," for one year after their issuance; • prohibits the Company from transferring shares of SAFE common stock representing more than 20% of the outstanding SAFE common stock in one transaction or a series of related transactions to any person or group, other than pursuant to a widely distributed public offering, unless SAFE's other stockholders have participation rights in the transaction; and • provides the Company certain preemptive rights. A wholly-owned subsidiary of the Company is the external manager of SAFE and is entitled to a management fee. In addition, the Company is also the external manager of a venture in which SAFE is a member. Following are the key terms of the management agreement with SAFE: • The Company received no management fee through June 30, 2018, which covered the first year of the management agreement; • The Company receives a fee equal to 1.0% of total SAFE equity (as defined in the management agreement) up to $1.5 billion ; 1.25% of total SAFE equity (for incremental equity of $1.5 billion - $3.0 billion ); 1.375% of total SAFE equity (for incremental equity of $3.0 billion - $5.0 billion ); and 1.5% of total SAFE equity (for incremental equity over $5.0 billion ); • Fee to be paid in cash or in shares of SAFE common stock, at the discretion of SAFE's independent directors; • The stock is locked up for two years , subject to certain restrictions; • There is no additional performance or incentive fee; • The management agreement is non-terminable by SAFE through June 30, 2023 except for cause; and • Automatic annual renewals thereafter, subject to non-renewal upon certain findings by SAFE's independent directors and payment of termination fee equal to three times the prior year's management fee. In August 2019, the Company acquired 6.0 million shares of SAFE's common stock in a private placement for $168.0 million . In November 2019, the Company acquired 3.8 million shares of SAFE's common stock in a private placement for $130.0 million . As of December 31, 2019 , the Company owned approximately 65.2% of SAFE's common stock outstanding. During the year ended December 31, 2019 , the Company recorded $7.5 million of management fees and during the six months ended December 31, 2018, the Company recorded $1.8 million of management fees pursuant to its management agreement with SAFE. During the six months ended June 30, 2018, the Company waived $1.8 million of management fees and during the year ended December 31, 2017, the Company waived $2.0 million management fees pursuant to its management agreement with SAFE. The Company is also entitled to receive certain expense reimbursements, including for the allocable costs of its personnel that perform certain legal, accounting, due diligence tasks and other services that third-party professionals or outside consultants otherwise would perform. The Company has waived or elected not to charge in full certain of the expense reimbursements while SAFE is growing its portfolio. For the year ended December 31, 2019, the Company was reimbursed $2.1 million of expense reimbursements and for the six months ended December 31, 2018, the Company was reimbursed $0.7 million of expense reimbursements. Pursuant to the terms of the management agreement with SAFE, the Company waived all expense reimbursements for the first year after the closing of SAFE's initial public offering, through June 30, 2018. The Company has an exclusivity agreement with SAFE pursuant to which it agreed, subject to certain exceptions, that it will not acquire, originate, invest in, or provide financing for a third party’s acquisition of, a Ground Lease unless it has first offered that opportunity to SAFE and a majority of its independent directors has declined the opportunity. Following is a list of investments that the Company has transacted with SAFE, all of which were approved by the Company's and SAFE's independent directors, for the periods presented: In August 2017, the Company committed to provide a $24.0 million loan to the ground lessee of a Ground Lease originated at SAFE. The loan was for the renovation of a medical office building in Atlanta, GA. The Company funded $18.4 million of the loan, which was fully repaid in August 2019. During the years ended December 31, 2019 , 2018 and 2017, the Company recorded $1.2 million , $1.4 million and $0.2 million , respectively, of interest income on the loan. In October 2017, the Company closed on a 99 -year Ground Lease and a $80.5 million construction financing commitment to support the ground-up development of a to-be-built luxury multi-family project in San Jose, CA. The transaction includes a combination of: (i) a newly created Ground Lease and a $7.2 million leasehold improvement allowance, which was fully funded as of December 31, 2019 ; and (ii) a $80.5 million leasehold first mortgage. As of December 31, 2019 , $38.9 million of the leasehold first mortgage was funded. During the years ended December 31, 2019 and 2018, the Company recorded $1.2 million and $0.2 million , respectively, of interest income on the loan. The Company entered into a forward purchase contract with SAFE under which SAFE would acquire the Ground Lease in November 2020 for approximately $34.0 million . In May 2018, the Company provided a $19.9 million leasehold mortgage loan to the ground lessee of a Ground Lease originated at SAFE. The loan was for the acquisition of two multi-tenant office buildings in Atlanta, GA. The loan was repaid in full in November 2019 and during the years ended December 31, 2019 and 2018, the Company recorded $1.9 million and $1.4 million , respectively, of interest income on the loan. In June 2018, the Company sold two industrial facilities located in Miami, FL to a third-party and simultaneously structured and entered into two Ground Leases. The Company then sold the two Ground Leases to SAFE. Net proceeds from the transactions totaled $36.1 million and the Company recognized a $24.5 million gain on sale. In January 2019, the Company committed to provide a $13.3 million loan to the ground lessee of a Ground Lease originated at SAFE. The loan is for the conversion of an office building into a multi-family property in Washington, DC. As of December 31, 2019 , $12.6 million of the loan was funded. During the year ended December 31, 2019 , the Company recorded $1.0 million of interest income on the loan. In February 2019, the Company acquired the leasehold interest in an office property and simultaneously entered into a new 98 -year Ground Lease with SAFE (refer to Note 4). In August 2019, the Company acquired the leasehold interest in a net lease asset and simultaneously entered into a new 99 -year Ground Lease with SAFE (refer to Note 4). In October 2019, SAFE acquired land and SAFE's Ground Lease tenant acquired the leasehold from a venture in which the Company has a 50% ownership interest. In addition, the Company provided a $22.0 million loan to SAFE's Ground Lease tenant for the acquisition of the leasehold. The Company sold the loan at par to a third-party in November 2019. Net Lease Venture —In February 2014, the Company partnered with a sovereign wealth fund to form the Net Lease Venture to acquire and develop net lease assets and gave a right of first offer to the venture on all new net lease investments. The Company and its partner had joint decision making rights pertaining to the acquisition of new investments. Upon the expiration of the investment period on June 30, 2018, the Company obtained control of the venture through its unilateral rights of management and disposition of the assets. As a result, the expiration of the investment period resulted in a reconsideration event under GAAP and the Company determined that the Net Lease Venture is a VIE for which the Company is the primary beneficiary. Effective June 30, 2018, the Company consolidated the Net Lease Venture as an asset acquisition under ASC 810. The Company recorded a gain of $67.9 million in "Gain on consolidation of equity method investment" in the Company's consolidated statement of operations as a result of the consolidation. The Net Lease Venture had previously been accounted for as an equity method investment. The Company has an equity interest in the Net Lease Venture of approximately 51.9% and recorded a $188.3 million increase to "Noncontrolling interests" and $11.8 million increase to "Redeemable noncontrolling interest" on the Company's consolidated balance sheet as a result of the consolidation. The Company acquired the redeemable noncontrolling interest in the fourth quarter 2018. The Company is responsible for sourcing new opportunities and managing the venture and its assets in exchange for a management fee and incentive 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 incentive fee received based on the 47.5% partner's interest. During the years ended December 31, 2018 and 2017, the Company recorded $1.3 million and $2.1 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. In addition, beginning after the Company's consolidation of the Net Lease Venture on June 30, 2018 and after the effect of eliminations, during the year ended December 31, 2019 and the six months ended December 31, 2018, the Company earned $1.5 million and $0.7 million , respectively, of management fees with respect to services provided to other investors in the Net Lease Venture, which was recorded as a reduction to "Net income attributable to noncontrolling interests" in the Company's consolidated statements of operations. Net Lease Venture II —In July 2018, the Company entered into a new venture ("Net Lease Venture II") with an investment strategy similar to the Net Lease Venture. The Net Lease Venture II has a right of first offer on all new net lease investments (excluding Ground Leases) originated by the Company. Net Lease Venture II's investment period ends in June 2021. Net Lease Venture II is a voting interest entity and the Company has an equity interest in the venture of approximately 51.9% . The Company does not have a controlling interest in Net Lease Venture II due to the substantive participating rights of its partner. The Company accounts for its investment in Net Lease Venture II as an equity method investment and is responsible for managing the venture in exchange for a management fee and incentive fee. During the years ended December 31, 2019 and 2018, the Company recorded $1.5 million and $0.4 million , respectively, of management fees from Net Lease Venture II. In December 2019, Net Lease Venture II closed on a commitment to provide up to $150.0 million in net lease financing for the construction of three industrial centers and entered into a 25 year master lease with the tenant. As of December 31, 2019, Net Lease Venture II had funded $18.7 million of its commitment. In December 2019, Net Lease Venture II closed on the acquisition of two grocery distribution centers for $81.8 million , inclusive of assumed debt. The properties are 100% leased with two separate coterminous leveraged leases with 6.2 years remaining on the lease terms. In December 2018, Net Lease Venture II acquired four buildings comprising 168,636 square feet (the "Properties") located in Livermore, CA. Net Lease Venture II acquired the Properties for $31.2 million which are 100% leased with four separate leases that expire in December 2028. Other real estate equity investments —As of December 31, 2019 , the Company's other real estate equity investments include equity interests in real estate ventures ranging from 16% to 95% , comprised of investments of $61.7 million in operating properties and $42.9 million in land assets. As of December 31, 2018 , the Company's other real estate equity investments included $65.6 million in operating properties and $65.3 million in land assets. In December 2019, the Company sold a partial interest in one of its other real estate equity investments to a related party for $0.5 million and recorded no gain or loss on the transaction. In August 2018, the Company provided a mezzanine loan with a principal balance of $33.0 million and $ 30.5 million as of December 31, 2019 and 2018, respectively, to an unconsolidated entity in which the Company owns a 50% equity interest. The loan is included in "Loans receivable and other lending investments, net" on the Company's consolidated balance sheet. During the years ended December 31, 2019 and 2018, the Company recorded $2.8 million and $1.1 million , respectively, of interest income on the mezzanine loan. In December 2016, the Company sold a land and development asset to a newly formed unconsolidated entity in which the Company owned a 50.0% equity interest. The Company provided financing to the entity in the form of a $27.0 million senior loan, all of which was funded as of December 31, 2018 and was included in "Loans receivable and other lending investments, net" on the Company's consolidated balance sheet. In April 2019, the Company acquired the land and development asset from the entity for $34.3 million , which consisted of a $7.3 million cash payment and the assumption of the $27.0 million senior loan. During the years ended December 31, 2019 , 2018 and 2017, the Company recorded $0.6 million , $2.1 million and $1.9 million , respectively, of interest income on the senior loan. Other strategic investments —As of December 31, 2019 and 2018, the Company also had investments in real estate related funds and other strategic investments in real estate entities. Summarized investee financial information —The following table presents the investee level summarized financial information of the Company's equity method investments ($ in thousands): As of December 31, For the Years Ended December 31, 2019 2018 2019 2018 2017 Balance Sheets Income Statements Total assets $ 3,653,763 $ 2,118,045 Revenues $ 214,123 $ 262,970 $ 261,867 Total liabilities 1,918,034 1,016,502 Expenses (181,456 ) (187,257 ) (167,999 ) Noncontrolling interests 1,486 2,007 Net income attributable to parent entities 32,474 75,056 91,633 Total equity attributable to parent entities 1,734,243 1,099,536

Other Assets and Other Liabilit

Other Assets and Other Liabilities	12 Months Ended
	Dec. 31, 2019
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, 2019 2018 Intangible assets, net (1) $ 174,973 $ 156,281 Finance lease right-of-use assets (2) 145,209 — Operating lease right-of-use assets (2) 34,063 — Other receivables (3) 16,846 46,887 Restricted cash 45,034 42,793 Other assets (4) 17,534 32,333 Leasing costs, net (5) 3,793 6,224 Corporate furniture, fixtures and equipment, net (6) 2,736 3,850 Deferred financing fees, net 2,300 900 Deferred expenses and other assets, net $ 442,488 $ 289,268 _______________________________________________________________________________ (1) Intangible assets, net includes above market and in-place lease assets and lease incentives related to the acquisition of real estate assets. Accumulated amortization on intangible assets, net was $33.4 million and $27.0 million as of December 31, 2019 and 2018 , respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $1.7 million , $2.2 million and $2.5 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. These intangible lease assets are amortized over the term of the lease. The amortization expense for in-place leases was $9.6 million , $7.2 million and $1.9 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations. As of December 31, 2019 , the weighted average amortization period for the Company's intangible assets was approximately 20.7 years . (2) Right-of-use lease assets relate primarily to the Company's leases of office space and certain of its ground leases. Right-of use lease assets initially equal the lease liability. The lease liability (see table below) equals the present value of the minimum rental payments due under the lease discounted at the rate implicit in the lease or the Company's incremental secured borrowing rate for similar collateral. For operating leases, lease liabilities were discounted at the Company's weighted average incremental secured borrowing rate for similar collateral estimated to be 5.3% and the weighted average lease term is 7.8 years. For finance leases, lease liabilities were discounted at a weighted average rate implicit in the lease of 5.5% and the weighted average lease term is 98.0 years. Right-of-use assets for finance leases are amortized on a straight-line basis over the term of the lease and are recorded in "Depreciation and amortization" in the Company's consolidated statements of operations. During the year ended December 31, 2019 , the Company recognized $5.1 million in "Interest expense" and $0.9 million in "Depreciation and amortization" in its consolidated statement of operations relating to finance leases. For operating leases, rent expense is recognized on a straight-line basis over the term of the lease and is recorded in "General and administrative" and "Real estate expense" in the Company's consolidated statements of operations (refer to Note 3). During the year ended December 31, 2019 , the Company recognized $3.6 million in "General and administrative" and $3.3 million in "Real estate expense" in its consolidated statement of operations relating to operating leases. (3) As of December 31, 2018 , includes $26.0 million of reimbursements receivable related to the construction and development of an operating property that was received in 2019. (4) Other assets primarily includes derivative assets, prepaid expenses and deposits for certain real estate assets. (5) Accumulated amortization of leasing costs was $3.3 million and $4.4 million as of December 31, 2019 and 2018 , respectively. (6) Accumulated depreciation on corporate furniture, fixtures and equipment was $13.1 million and $11.9 million as of December 31, 2019 and 2018 , respectively. Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands): As of December 31, 2019 2018 Other liabilities (1) $ 81,709 $ 143,325 Finance lease liabilities (see table above) 147,749 — Operating lease liabilities (see table above) 34,182 — Accrued expenses 83,778 95,149 Accrued interest payable 25,733 42,669 Intangible liabilities, net (2) 51,223 35,108 Accounts payable, accrued expenses and other liabilities $ 424,374 $ 316,251 _______________________________________________________________________________ (1) As of December 31, 2019 and 2018, "Other liabilities" includes $27.5 million and $42.6 million , respectively, of deferred income. As of December 31, 2019 and 2018 , "Other liabilities" includes $0.1 million and $18.5 million , respectively, related to profit sharing arrangements with developers for certain properties sold. As of December 31, 2019 and 2018 , "Other liabilities" also includes $6.2 million and $9.4 million , respectively, related to tax increment financing bonds which were issued by government entities to fund development within two of the Company's land projects. The amount represents tax assessments associated with each project, which will decrease as the Company sells units or pays down the bonds. (2) Intangible liabilities, net includes below market lease liabilities related to the acquisition of real estate assets. Accumulated amortization on below market lease liabilities was $5.0 million and $2.8 million as of December 31, 2019 and 2018 , respectively. The amortization of below market lease liabilities increased operating lease income in the Company's consolidated statements of operations by $2.3 million , $3.9 million and $1.3 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. As of December 31, 2019 , the weighted average amortization period for the Company's intangible liabilities was approximately 18.3 years . Intangible assets— The estimated expense from the amortization of intangible assets for each of the five succeeding fiscal years is as follows ($ in thousands): 2020 $ 11,826 2021 11,796 2022 11,795 2023 11,641 2024 11,524

Loan Participations Payable, ne

Loan Participations Payable, net	12 Months Ended
	Dec. 31, 2019
Transfers and Servicing [Abstract]
Loan Participations Payable, net	Loan Participations Payable, net The Company's loan participations payable, net were as follows ($ in thousands): Carrying Value as of December 31, 2019 December 31, 2018 Loan participations payable (1) $ 35,656 $ 22,642 Debt discounts and deferred financing costs, net (18 ) (158 ) Total loan participations payable, net $ 35,638 $ 22,484 _______________________________________________________________________________ (1) As of December 31, 2019 and 2018, the Company had one loan participation payable with an interest rate of 6.3% and 7.0% , respectively. Loan participations represent transfers of financial assets that did not meet the sales criteria established under ASC Topic 860 and are accounted for as loan participations payable, net as of December 31, 2019 and 2018 . As of December 31, 2019 and 2018 , the corresponding loan receivable balances were $35.6 million and $22.5 million

Debt Obligations, net

Debt Obligations, net	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Debt Obligations, net	Debt Obligations, net The Company's debt obligations were as follows ($ in thousands): Carrying Value as of December 31, Stated Interest Rates Scheduled Maturity Date 2019 2018 Secured credit facilities and mortgages: 2015 $350 Million Revolving Credit Facility $ — $ — LIBOR + 2.25% (1) September 2022 Senior Term Loan 491,875 646,750 LIBOR + 2.75% (2) June 2023 Mortgages collateralized by net lease assets (3) 721,118 802,367 3.31% - 7.26% (3) Total secured credit facilities and mortgages 1,212,993 1,449,117 Unsecured notes: 5.00% senior notes (4) — 375,000 5.00% — 4.625% senior notes (5) — 400,000 4.625% — 6.50% senior notes (6) — 275,000 6.50% — 6.00% senior notes (7) 110,545 375,000 6.00% April 2022 5.25% senior notes (8) 400,000 400,000 5.25% September 2022 3.125% senior convertible notes (9) 287,500 287,500 3.125% September 2022 4.75% senior notes (10) 775,000 — 4.75% October 2024 4.25% senior notes (11) 550,000 — 4.25% August 2025 Total unsecured notes 2,123,045 2,112,500 Other debt obligations: Trust preferred securities 100,000 100,000 LIBOR + 1.50% October 2035 Total debt obligations 3,436,038 3,661,617 Debt discounts and deferred financing costs, net (48,958 ) (52,531 ) Total debt obligations, net (12) $ 3,387,080 $ 3,609,086 _______________________________________________________________________________ (1) 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 0.50% or (c) LIBOR plus 1.00% and subject to a margin ranging from 1.00% to 1.50% ; or (ii) LIBOR subject to a margin ranging from 2.00% to 2.50% . At maturity, the Company may convert outstanding borrowings to a one year term loan which matures in quarterly installments through September 2023. (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 0.50% or (c) LIBOR plus 1.00% and subject to a margin of 1.75% ; or (ii) LIBOR subject to a margin of 2.75% . (3) In June 2019, the buyer of a portfolio of net lease assets assumed a $228.0 million non-recourse mortgage (refer to Note 4). As of December 31, 2019 , the weighted average interest rate of these loans is 4.37% inclusive of the effect of interest rate swaps. (4) The Company prepaid these senior notes in March 2019 without penalty. (5) The Company prepaid these senior notes in October 2019 with a $6.0 million prepayment penalty. (6) The Company prepaid these senior notes in October 2019 with a $4.5 million prepayment penalty. (7) The Company partially prepaid these senior notes in December 2019 with a $10.1 million prepayment premium. The Company repaid the remaining senior notes in January 2020. (8) The Company can prepay these senior notes without penalty beginning September 15, 2021. (9) The Company's 3.125% senior convertible fixed rate notes due September 2022 (" 3.125% Convertible Notes") are convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding September 15, 2022. The conversion rate as of December 31, 2019 was 67.92 shares per $1,000 principal amount of 3.125% Convertible Notes, which equals a conversion price of $14.72 per share. Upon conversion, the Company will pay or deliver, as the case may be, a combination of cash and shares of its common stock. As such, at issuance in September 2017, the Company valued the liability component at $221.8 million , net of fees, and the equity component of the conversion feature at $22.5 million , net of fees, and recorded the equity component in "Additional paid-in capital" on the Company's consolidated balance sheet. In October 2017, the initial purchasers of the 3.125% Convertible Notes exercised their option to purchase an additional $37.5 million aggregate principal amount of the 3.125% Convertible Notes. At issuance, the Company valued the liability component at $34.0 million , net of fees, and the equity component of the conversion feature at $3.4 million , net of fees, and recorded the equity component in "Additional paid-in capital" on the Company's consolidated balance sheet. As of December 31, 2019 , the carrying value of the 3.125% Convertible Notes was $268.7 million , net of fees, and the unamortized discount of the 3.125% Convertible Notes was $15.5 million , net of fees. As of December 31, 2018, the carrying value of the 3.125% Convertible Notes was $262.6 million , net of fees, and the unamortized discount of the 3.125% Convertible Notes was $20.5 million , net of fees. During the years ended December 31, 2019 , 2018 and 2017, the Company recognized $9.0 million , $9.0 million and $2.5 million , respectively, of contractual interest and $5.0 million , $4.7 million and $1.3 million , respectively, of discount amortization on the 3.125% Convertible Notes. The effective interest rate for 2019, 2018 and 2017 was 5.2% . (10) The Company can prepay these senior notes without penalty beginning July 1, 2024. (11) The Company can prepay these senior notes without penalty beginning May 1, 2025. (12) The Company capitalized interest relating to development activities of $7.5 million , $11.3 million and $8.5 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. Future Scheduled Maturities —As of December 31, 2019 , future scheduled maturities of outstanding debt obligations are as follows ($ in thousands): Unsecured Debt Secured Debt Total 2020 $ — $ — $ — 2021 — 159,083 159,083 2022 798,045 47,901 845,946 2023 — 491,875 491,875 2024 775,000 — 775,000 Thereafter 650,000 514,134 1,164,134 Total principal maturities 2,223,045 1,212,993 3,436,038 Unamortized discounts and deferred financing costs, net (41,228 ) (7,730 ) (48,958 ) Total debt obligations, net $ 2,181,817 $ 1,205,263 $ 3,387,080 Senior Term Loan —In June 2018, the Company amended its senior secured term loan (the "Senior Term Loan") to increase the amount of the loan to $650.0 million , reduce the interest rate to LIBOR plus 2.75% and extend its maturity to June 2023. The Senior Term Loan is secured by pledges of equity of certain subsidiaries that own a defined pool of assets. The Senior Term Loan permits substitution of collateral, subject to overall collateral pool coverage and concentration limits, over the life of the facility. The Company may make optional prepayments, subject to prepayment fees, and is required to repay 0.25% of the principal amount of the Senior Term Loan each quarter. During the years ended December 31, 2018 and 2017, repayments of the Senior Term Loan prior to modifications and expenses incurred for the modifications resulted in losses on early extinguishment of debt of $2.5 million and $0.8 million , respectively. Revolving Credit Facility —In September 2019, the Company amended its secured revolving credit facility (the "Revolving Credit Facility") to increase the maximum capacity to $350.0 million , extend the maturity date to September 2022 and make certain other changes. Outstanding borrowings under the Revolving Credit Facility are secured by pledges of the equity interests in the Company's subsidiaries that own a defined pool of assets. 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, ranging from 1.0% to 1.5% in the case of base rate loans and from 2.0% to 2.5% in the case of LIBOR loans. In addition, there is an undrawn credit facility commitment fee that ranges from 0.25% to 0.45% , based on corporate credit ratings. At maturity, the Company may convert outstanding borrowings to a one year term loan which matures in quarterly installments through September 2023. As of December 31, 2019 , based on the Company's borrowing base of assets, the Company had $350.0 million of borrowing capacity available under the Revolving Credit Facility. Unsecured Notes —In September 2019, the Company issued $675.0 million principal amount of 4.75% senior unsecured notes due October 2024. Proceeds from the offering, together with cash on hand, were used to repay in full the $400.0 million principal amount outstanding of the 4.625% senior unsecured notes due September 2020 and the $275.0 million principal amount outstanding of the 6.50% senior unsecured notes due July 2021. In November 2019, the Company issued an additional $100.0 million principal amount of 4.75% senior unsecured notes due October 2024 at 102% of par, representing a yield to maturity of 4.29% . In December 2019, the Company issued $550.0 million principal amount of 4.25% senior unsecured notes due August 2025. Proceeds from the offering were used to redeem the $375.0 million principal amount outstanding ( $110.5 million was redeemed in January 2020) of the 6.00% senior unsecured notes due April 2022, repay a portion of the borrowings outstanding under the Senior Term Loan and pay related premiums and expenses in connection with the transaction. During the years ended December 31, 2019 , 2018 and 2017, repayments of senior unsecured notes prior to maturity resulted in losses on early extinguishment of debt of $26.6 million , $1.2 million and $13.6 million , respectively. These amounts are included in "Loss on early extinguishment of debt, net" in the Company's consolidated statements of operations. Collateral Assets —The carrying value of the Company's assets that are directly pledged or are held by subsidiaries whose equity is pledged as collateral to secure the Company's obligations under its secured debt facilities are as follows, by asset type ($ in thousands): As of December 31, 2019 2018 Collateral Assets (1) Non-Collateral Assets Collateral Assets (1) Non-Collateral Assets Real estate, net $ 1,409,585 $ 117,634 $ 1,620,008 $ 151,011 Real estate available and held for sale — 8,650 1,055 21,496 Net investment in leases 418,915 — — — Land and development, net — 580,545 12,300 585,918 Loans receivable and other lending investments, net (2)(3) 233,104 566,050 498,524 480,154 Other investments — 907,875 — 304,275 Cash and other assets — 814,044 — 1,329,990 Total $ 2,061,604 $ 2,994,798 $ 2,131,887 $ 2,872,844 _______________________________________________________________________________ (1) The Senior Term Loan and the Revolving Credit Facility are secured only by pledges of equity of certain of the Company's subsidiaries and not by pledges of the assets held by such subsidiaries. Such subsidiaries are subject to contractual restrictions under the terms of such credit facilities, including restrictions on incurring new debt (subject to certain exceptions). As of December 31, 2019 , Collateral Assets includes $438.7 million carrying value of assets held by entities whose equity interests are pledged as collateral for the Revolving Credit Facility that is undrawn as of December 31, 2019 . (2) As of December 31, 2019 and 2018 , the amounts presented exclude general reserves for loan losses of $6.9 million and $13.0 million , respectively. (3) As of December 31, 2019 and 2018 , the amounts presented exclude loan participations of $35.6 million and $22.5 million , respectively. 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, as such terms are defined in the indentures governing the debt securities, 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. If the Company's ability to incur additional indebtedness under the fixed charge coverage ratio is limited, the Company is permitted to incur indebtedness for the purpose of refinancing existing indebtedness and for other permitted purposes under the indentures. The Company's Senior Term Loan and the Revolving Credit Facility contain certain covenants, including covenants relating to collateral coverage, 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 Senior Term Loan requires the Company to maintain collateral coverage of at least 1.25 x outstanding borrowings on the facility. The Revolving Credit Facility is secured by a borrowing base of assets and requires the Company to maintain both borrowing base asset value 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 Revolving Credit Facility does not require that proceeds from the borrowing base be used to pay down outstanding borrowings provided the borrowing base asset value 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. The Company may not pay common dividends if it ceases to qualify as a REIT. In June 2018, the Company amended the terms of the Senior Term Loan and the Revolving Credit Facility to include the ability to pay common dividends with no restrictions so long as the Company is not in default on any of its debt obligations. The Company's Senior Term Loan and the 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, 2019
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 real estate 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 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, 2019 , 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 and that 100% of its capital committed to Strategic Investments is drawn down, are as follows ($ in thousands): Loans and Other Lending Investments (1) Real Estate (2) Other Investments Total Performance-Based Commitments $ 225,600 $ 70,047 $ 131,380 $ 427,027 Strategic Investments — — 16,851 16,851 Total $ 225,600 $ 70,047 $ 148,231 $ 443,878 _______________________________________________________________________________ (1) Excludes $14.3 million of commitments on loan participations sold that are not the obligation of the Company. (2) Includes a commitment to invest up to $55.0 million in additional bowling centers over the next several years (refer to Note 5). Other Commitments —Total operating lease expense for the years ended December 31, 2019 , 2018 and 2017 was $4.4 million , $5.0 million and $5.2 million , respectively. Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2019 are as follows ($ in thousands): Operating (1)(2) Finance (1) 2020 $ 4,167 $ 5,386 2021 1,803 5,494 2022 1,098 5,604 2023 728 5,716 2024 617 5,830 Thereafter 1,447 1,573,824 Total undiscounted cash flows 9,860 1,601,854 Present value discount (1) (1,057 ) (1,454,105 ) Other adjustments (2) 25,379 — Lease liabilities $ 34,182 $ 147,749 _______________________________________________________________________________ (1) During the year ended December 31, 2019 , the Company made payments of $4.1 million related to its operating leases and $3.3 million related to its finance leases (refer to Note 4). The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 4.2 years and the weighted average discount rate was 5.6% . The weighted average lease term for the Company's finance leases was 93 years and the weighted average discount rate was 5.4% . (2) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under operating leases as of December 31, 2018 were as follows ($ in thousands): Operating (1) 2019 $ 4,340 2020 4,016 2021 1,589 2022 991 2023 849 Thereafter 2,469 _______________________________________________________________________________ (1) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. 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 foreclosure-related proceedings. 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, 2019
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, 2019 , the only states with a concentration greater than 10.0% were New York with 16.7% , New Jersey with 14.2% and California with 12.5% . As of December 31, 2019 , the Company's portfolio contains concentrations in the following asset types: office/industrial 28.5% , land 15.4% , entertainment/leisure 20.1% , hotel 5.2% and mixed use/mixed collateral 5.3% . 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, 2019 , the Company's five largest borrowers or tenants collectively accounted for approximately 19.8% of the Company's 2019 revenues, of which the largest customer, from the Company's net lease segment, accounted for 11.8% . Derivatives The Company's use of derivative financial instruments has historically been 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. The Company may have derivatives that are not designated as hedges because they do not meet the strict hedge accounting requirements. Although not designated as hedges, such derivatives are entered into to manage the Company's exposure to interest rate movements and other identified risks. 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, 2019 and 2018 ($ in thousands) (1) : Derivative Assets Derivative Liabilities As of December 31, 2019 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives Designated in Hedging Relationships Interest rate swaps Deferred expenses and other assets, net $ 114 Accounts payable, accrued expenses and other liabilities $ 8,680 Total $ 114 $ 8,680 As of December 31, 2018 Derivatives Designated in Hedging Relationships Interest rate swaps Deferred expenses and other assets, net $ 3,669 Accounts payable, accrued expenses and other liabilities $ 10,244 Total $ 3,669 $ 10,244 ____________________________________________________________________________ (1) Over the next 12 months, the Company expects that $5.1 million related to cash flow hedges will be reclassified from "Accumulated other comprehensive income (loss)" as an increase to interest expense. The tables below present the effect of the Company's derivative financial instruments, including the Company's share of derivative financial instruments at certain of its equity method investments, in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) ($ in thousands): Derivatives Designated in Hedging Relationships Location of Gain (Loss) When Recognized in Income Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings For the Year Ended December 31, 2019 Interest rate swaps (1) Interest expense $ (21,165 ) $ (1,861 ) Interest rate swaps Earnings from equity method investments (21,417 ) (184 ) For the Year Ended December 31, 2018 Interest rate swaps Interest expense (12,963 ) (388 ) Interest rate swaps Earnings from equity method investments (1,736 ) 20 For the Year Ended December 31, 2017 Interest rate cap Earnings from equity method investments (16 ) (16 ) Interest rate swaps Interest expense 495 339 Interest rate swap Earnings from equity method investments 368 (285 ) Foreign exchange contracts Earnings from equity method investments (352 ) — ______________________________________________________________ (1) For the year ended December 31, 2019, $4.3 million of the loss recognized in accumulated other comprehensive income was attributable to a noncontrolling interest. Location of Gain or (Loss) Recognized in Income Amount of Gain or (Loss) Recognized in Income Derivatives not Designated in Hedging Relationships (1) For the Year Ended December 31, 2017 Interest rate cap Other expense $ 6 Foreign exchange contracts Other expense (970 ) ____________________________________________________________________________ (1) The Company did not have any derivatives not designated in hedging relationships during the years ended December 31, 2019 and 2018. Interest Rate Hedges —For derivatives designated and qualifying as cash flow hedges, the changes in the fair value of the derivatives are reported in Accumulated Other Comprehensive Income (Loss). For derivatives not designated as cash flow hedges, the changes in the fair value of the derivatives are reported in the Company's consolidated statements of operations within "Other Expense." 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 its consolidated financial statements. In connection with its derivatives which were in a liability position as of December 31, 2018, the Company posted collateral of $6.4 million and 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, 2018.

Equity

Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Equity	Equity Preferred Stock —In December 2019, the Company issued an aggregate 16.5 million shares of its common stock upon conversion its outstanding Series J Preferred Stock at a conversion rate of 4.125 shares of common stock per each share of Series J Preferred Stock. The total carrying value of the Series J Preferred Stock prior to redemption was $193.5 million , net of discounts and fees, and was recorded in "Additional paid-in-capital" and "Convertible Preferred Stock Series J, liquidation preference $50.00 per share" on the Company's consolidated balance sheet as of December 31, 2018. The Company had the following series of Cumulative Redeemable and Convertible Perpetual Preferred Stock outstanding as of December 31, 2019 and 2018 : Cumulative Preferential Cash Dividends (1)(2) Carrying Value (in thousands) Series Shares Issued and Outstanding (in thousands) Par Value Liquidation Preference (3)(4) Rate per Annum Annual Dividend Rate (per share) December 31, 2019 December 31, 2018 D 4,000 $ 0.001 $ 25.00 8.00 % $ 2.00 $ 89,041 $ 89,041 G 3,200 0.001 25.00 7.65 % 1.91 72,664 72,664 I 5,000 0.001 25.00 7.50 % 1.88 120,785 120,785 J (convertible) (4) 4,000 0.001 50.00 4.50 % 2.25 — 193,510 Total 16,200 $ 282,490 $ 476,000 _______________________________________________________________________________ (1) Holders of shares of the Series D, G and I 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 , $6.1 million and $9.4 million on its Series D, G and I Cumulative Redeemable Preferred Stock during the years ended December 31, 2019 and 2018, respectively. The Company declared and paid dividends of $9.0 million and $9.0 million on its Series J Convertible Perpetual Preferred Stock during the years ended December 31, 2019 and 2018 , respectively. The character of the 2019 dividends was 100% capital gain distribution, of which 34.01% represented unrecaptured section 1250 gain. The character of the 2018 dividends was 100% capital gain distribution, of which 26.02% represented unrecaptured section 1250 gain and 73.98% long term capital gain. There are no dividend arrearages on any of the preferred shares currently outstanding. (3) The Company may, at its option, redeem the Series G and I 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 $25.00 per share, plus accrued and unpaid dividends, if any, to the redemption date. (4) The Company redeemed all of its Series J Preferred Stock in December 2019. Dividends —To maintain its qualification as a REIT, the Company must annually 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 eliminate corporate federal income taxes payable by the REIT. 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, 2018 , the Company had $567.7 million of NOL carryforwards at the corporate REIT level that can generally be used to offset both ordinary taxable income and capital gain net income in future years. The NOL carryforwards will begin to expire in 2031 and will fully expire in 2036 if unused. The amount of NOL carryforwards as of December 31, 2019 will be determined upon finalization of the Company's 2019 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 Senior Term Loan and the Revolving Credit Facility permit the Company to pay common dividends with no restrictions so long as the Company is not in default on any of its debt obligations. The Company declared and paid common stock dividends of $25.3 million , or $0.39 per share, for the year ended December 31, 2019 and $12.3 million , or $0.18 per share, for the year ended December 31, 2018. The character of the 2019 dividends was 100% capital gain distribution, of which 34.01% represented unrecaptured section 1250 gain. The character of the 2018 dividends was 100% capital gain distribution, of which 26.02% represented unrecaptured section 1250 gain and 73.98% long term capital gain. Stock Repurchase Program —The Company may repurchase shares in negotiated transactions or open market transactions, including through one or more trading plans. During the year ended December 31, 2019 , the Company repurchased 7.3 million shares of its outstanding common stock for $74.6 million , for an average cost of $10.16 per share. During the three months ended March 31, 2018, the Company repurchased 0.8 million shares of its outstanding common stock for $8.3 million , for an average cost of $10.22 per share. The Company did not repurchase any shares of its common stock during the nine months ended December 31, 2018 or the year ended December 31, 2017 under stock repurchase programs. As of December 31, 2019 , the Company had authorization to repurchase up to $34.2 million of common stock. Accumulated Other Comprehensive Income (Loss) —"Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands): As of December 31, 2019 2018 Unrealized gains on available-for-sale securities $ 2,756 $ 475 Unrealized losses on cash flow hedges (37,264 ) (13,546 ) Unrealized losses on cumulative translation adjustment (4,199 ) (4,199 ) Accumulated other comprehensive loss $ (38,707 ) $ (17,270 )

Stock-Based Compensation Plans

Stock-Based Compensation Plans and Employee Benefits	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation Plans and Employee Benefits	Stock-Based Compensation Plans and Employee Benefits Stock-Based Compensation —The Company recorded stock-based compensation expense, including the expense related to performance incentive plans (see below), of $30.4 million , $17.6 million and $18.8 million , respectively, during the years ended December 31, 2019 , 2018 and 2017 in "General and administrative" in the Company's consolidated statements of operations. As of December 31, 2019 , there was $2.7 million of total unrecognized compensation cost related to all unvested restricted stock units that is expected to be recognized over a weighted average remaining vesting/service period of 1.35 years. Performance Incentive Plans —The Company's Performance Incentive Plans ("iPIP") are 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 plans. Awards vest over six years , with 40% being vested at the end of the second year and 15% each year thereafter. 2019-2020 iPIP Plan —The Company's 2019-2020 iPIP plan is an equity-classified award which is measured at the grant date fair value and recognized as compensation cost in "General and administrative" in the Company's consolidated statements of operations and "Noncontrolling interests" in the Company's consolidated statements of changes in equity over the requisite service period. Investments in the 2019-2020 iPIP plan will be held by a consolidated subsidiary of the Company that has two ownership classes, class A units and class B units. The Company owns 100% of the class A units and the class B units were issued to employees as long-term compensation. Except for certain clawback provisions, participants can retain vested class B units upon their termination of employment with the Company. The class B units are entitled to distributions from the net cash realized from the investments in the plan after the Company, through its ownership of the class A units, has received a specified return on its invested capital and a return of its invested capital. Distributions on the class B units are also subject to reductions under a total shareholder return ("TSR") adjustment. The fair value of the class B units was determined using a model that forecasts the underlying cash flows from the investments within the entity to which the class B units have ownership rights. During the year ended December 31, 2019 , the Company recorded $2.9 million of expense related to the 2019-2020 iPIP plan. Distributions on the class B units will be 50% in cash and 50% in shares of the Company's common stock or in shares of SAFE's common stock owned by the Company. 2013-2018 iPIP Plans —The remainder of the Company's iPIP plans, as shown in the table below, are liability-classified awards and are remeasured each reporting period at fair value until the awards are settled. Certain employees will be granted awards that entitle employees to receive the residual cash flows from the investments in the plans after the Company has received a specified return on its invested capital and a return of its invested capital. Awards are also subject to reductions under a TSR adjustment. The fair value of awards is determined using a model that forecasts the Company's projected investment performance. Settlement of the awards will be 50% in cash and 50% in shares of the Company's common stock or in shares of SAFE's common stock owned by the Company. The following is a summary of the status of the Company’s liability-classified iPIP plans and changes during the year ended December 31, 2019. iPIP Investment Pool 2013-2014 2015-2016 2017-2018 Points at beginning of period 85.77 79.41 82.43 Granted — — — Forfeited (4.60 ) (6.13 ) (5.16 ) Points at end of period 81.17 73.28 77.27 During the year ended December 31, 2019 , the Company made distributions to participants in the 2015-2016 investment pool. The iPIP participants received total distributions in the amount of $9.4 million as compensation, comprised of cash and 356,065 shares of the Company's common stock with a fair value of $13.11 per share, which are fully-vested and issued under the 2009 LTIP (see below). After deducting statutory minimum tax withholdings, a total of 192,829 shares of the Company's common stock were issued. During the year ended December 31, 2019 , the Company made distributions to participants in the 2013-2014 investment pool. The iPIP participants received total distributions in the amount of $7.4 million as compensation, comprised of cash and 389,545 shares of the Company's common stock with a fair value of $9.21 per share, which are fully-vested and issued under the 2009 LTIP (see below). After deducting statutory minimum tax withholdings, a total of 209,118 shares of the Company's common stock were issued. As of December 31, 2019 and 2018 , the Company had accrued compensation costs relating to iPIP of $41.9 million and $37.5 million , respectively, which are included in "Accounts payable, accrued expenses and other liabilities" on the Company's consolidated balance sheets. Long-Term Incentive Plan —The Company's 2009 Long-Term Incentive Plan (the "2009 LTIP") 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. 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 shareholders approved the 2009 LTIP in 2009 and approved the performance-based provisions of the 2009 LTIP, as amended, in 2014. In May 2019, the Company's shareholders approved an increase in the number of shares available for issuance under the 2009 LTIP from a maximum of 8.0 million to 8.9 million and extended the expiration date of the 2009 LTIP from May 2019 to May 2029. As of December 31, 2019 , an aggregate of 2.8 million shares remain available for issuance pursuant to future awards under the Company's 2009 LTIP. Restricted Stock Units —Changes in non-vested restricted stock units ("Units") during the year ended December 31, 2019 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, 2018 357 $ 10.68 $ 3,277 Granted 485 $ 8.84 Vested (153 ) $ 11.12 Forfeited (91 ) $ 9.99 Non-vested as of December 31, 2019 598 $ 9.18 $ 8,688 The total fair value of Units vested during the years ended December 31, 2019 , 2018 and 2017 was $1.8 million , $1.4 million and $0.9 million , respectively. The weighted-average grant date fair value per share of Units granted during the years ended December 31, 2019 , 2018 and 2017 was $8.84 , $10.16 and $12.09 , respectively. Directors' Awards —Non-employee directors are awarded CSEs or restricted share awards 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, 2019 , the Company awarded to non-employee Directors 65,936 restricted shares of common stock at a fair value per share of $8.74 at the time of grant. These restricted shares have a vesting term of one year . The Company also issued a total of 6,254 CSEs at a fair value of $10.90 in respect of dividend equivalents on outstanding CSEs during the year ended December 31, 2019 . 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 CSEs and restricted shares of common stock vest and are settled. As of December 31, 2019 , a combined total of 244,360 CSEs and restricted shares of common stock granted to members of the Company's Board of Directors remained outstanding under the Company's Non-Employee Directors Deferral 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 participant's contributions, up to a maximum of 10% of the participants' compensation. The Company made gross contributions of $0.9 million , $1.1 million and $1.1 million , respectively, for the years ended December 31, 2019 , 2018 and 2017 .

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2019
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, if applicable, to calculate EPS when an entity's capital structure includes either two or more classes of common stock or common stock and participating securities. 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, 2019 2018 2017 Income (loss) from continuing operations $ 334,325 $ (18,326 ) $ 51,851 Net income attributable to noncontrolling interests (10,283 ) (13,936 ) (4,526 ) Preferred dividends (32,495 ) (32,495 ) (48,444 ) Premium above book value on redemption of preferred stock — — (16,314 ) Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders for basic earnings per common share $ 291,547 $ (64,757 ) $ (17,433 ) Add: Effect of Series J convertible perpetual preferred stock 9,000 — — Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders for diluted earnings per common share $ 300,547 $ (64,757 ) $ (17,433 ) For the Years Ended December 31, 2019 2018 2017 Earnings allocable to common shares: Numerator for basic earnings per share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ 291,547 $ (64,757 ) $ (17,433 ) Income from discontinued operations — — 4,939 Gain from discontinued operations — — 123,418 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ 291,547 $ (64,757 ) $ 110,924 Numerator for diluted earnings per share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ 300,547 $ (64,757 ) $ (17,433 ) Income from discontinued operations — — 4,939 Gain from discontinued operations — — 123,418 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ 300,547 $ (64,757 ) $ 110,924 Denominator for basic and diluted earnings per share: Weighted average common shares outstanding for basic earnings per common share 64,696 67,958 71,021 Add: Effect of assumed shares issued under treasury stock method for restricted stock units 146 — — Add: Effect of series J convertible perpetual preferred stock 15,824 — — Weighted average common shares outstanding for diluted earnings per common share 80,666 67,958 71,021 Basic earnings per common share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ 4.51 $ (0.95 ) $ (0.25 ) Income from discontinued operations — — 0.07 Gain from discontinued operations — — 1.74 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ 4.51 $ (0.95 ) $ 1.56 Diluted earnings per common share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ 3.73 $ (0.95 ) $ (0.25 ) Income from discontinued operations — — 0.07 Gain from discontinued operations — — 1.74 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ 3.73 $ (0.95 ) $ 1.56 For the years ended December 31, 2019 , 2018 and 2017 , the following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands) (1)(2)(3) : For the Years Ended December 31, 2019 2018 2017 Joint venture shares — — 255 Series J convertible perpetual preferred stock — 15,704 15,635 _______________________________________________________________________________ (1) For the year ended December 31, 2017, the effect of 6 and 17 unvested time and market-based Units, respectively, were anti-dilutive due to the Company having a net loss for the period. (2) For the year ended December 31, 2018, the effect of the Company's unvested Units, CSEs and restricted stock awards were anti-dilutive due to the Company having a net loss for the period. (3) The Company will settle conversions of the 3.125% Convertible Notes by paying the conversion value in cash up to the original principal amount of the notes being converted and shares of common stock to the extent of any conversion premium. The amount of cash and shares of common stock, if any, due upon conversion will be based on a daily conversion value calculated for each trading day in a 40 consecutive day observation period. Based upon the conversion price of the 3.125% Convertible Notes, no shares of common stock would have been issuable upon conversion of the 3.125% Convertible Notes for the years ended December 31, 2019, 2018, and 2017, and therefore the 3.125% Convertible Notes had no effect on diluted EPS for such periods.

Fair Values

Fair Values	12 Months Ended
	Dec. 31, 2019
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, 2019 Recurring basis: Derivative assets (1) $ 114 $ — $ 114 $ — Derivative liabilities (1) 8,680 — 8,680 — Available-for-sale securities (1) 23,896 — — 23,896 Non-recurring basis: Impaired land and development (2) 40,000 — — 40,000 As of December 31, 2018 Recurring basis: Derivative assets (1) $ 3,669 $ — $ 3,669 $ — Derivative liabilities (1) 10,244 — 10,244 — Available-for-sale securities (1) $ 21,661 $ — $ — $ 21,661 Non-recurring basis: Impaired real estate (3) 29,400 — — 29,400 Impaired real estate available and held for sale (4) 19,300 — — 19,300 Impaired land and development (5) 78,400 — — 78,400 _______________________________________________________________________________ (1) The fair value of the Company's derivatives are based upon widely accepted valuation techniques utilized by a third-party specialist using observable inputs such as interest rates and contractual cash flow and are classified as Level 2. The fair value of the Company's available-for-sale securities are based upon unadjusted third-party broker quotes and are classified as Level 3. (2) The Company recorded aggregate impairments of $5.3 million on two land and development assets with an estimated aggregate fair value of $40.0 million . The estimated fair values are based on expected sales proceeds. (3) The Company recorded aggregate impairments of $76.3 million on three real estate assets with an estimated aggregate fair value of $29.4 million . The impairments were as follows: i. A $23.2 million impairment on a commercial operating property based on a decline in expected operating performance. The fair value is based on the Company's estimate of the recoverability of its investment in the project. ii. A $6.0 million impairment on a property based on a strategic decision to sell the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. iii. A $47.1 million impairment on a commercial operating property based on a strategic decision to sell the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. (4) The Company recorded aggregate impairments of $3.7 million on two real estate assets held for sale. The fair values are based on market comparable sales. (5) The Company recorded aggregate impairments of $55.4 million on four land and development assets with an estimated aggregate fair value of $78.4 million . The impairments were as follows: i. A $25.0 million impairment on a waterfront land and development asset based on a strategic decision to sell the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. ii. A $21.6 million impairment on a master planned community based on a strategic decision to sell the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. iii. A $6.9 million impairment on an infill land and development asset based on the deterioration of the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. iv. A $1.9 million impairment on a waterfront land and development asset based on the sale of the asset in 2019. The following table summarizes changes in Level 3 available-for-sale securities reported at fair value on the Company's consolidated balance sheets for the years ended December 31, 2019 and 2018 ($ in thousands): 2019 2018 Beginning balance $ 21,661 $ 22,842 Repayments (45 ) (46 ) Unrealized gains (losses) recorded in other comprehensive income 2,280 (1,135 ) Ending balance $ 23,896 $ 21,661 Fair values of financial instruments— The Company's estimated fair values of its loans receivable and other lending investments and outstanding debt was $0.9 billion and $3.6 billion , respectively, as of December 31, 2019 and $1.0 billion and $3.5 billion , respectively, as of December 31, 2018 . 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, net investment in leases, 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 some 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 some 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 and net investment in leases —The Company estimates the fair value of its performing loans and other lending investments and net investment in leases using a discounted cash flow methodology. This method discounts estimated future cash flows using rates management determines best reflect current market interest rates or rental rates that would be offered for loans or tenants with similar characteristics and credit quality. The Company determined that the significant inputs used to value its loans and other lending investments and net investment in leases 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, 2019
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 the Company's activities and operations related to the ownership of properties generally leased to single corporate tenants and its investment in SAFE (refer to Note 8). The Operating Properties segment includes 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, 2019 Operating lease income $ — $ 177,679 $ 28,423 $ 286 $ — $ 206,388 Interest income 75,636 2,018 — — — 77,654 Interest income from sales-type leases — 20,496 — — — 20,496 Other income 4,946 16,718 17,384 7,838 8,477 55,363 Land development revenue — — — 119,595 — 119,595 Earnings (losses) from equity method investments — 29,235 8,298 4,322 (6 ) 41,849 Selling profit from sales-type leases — 180,416 — — — 180,416 Income from sales of real estate — 224,654 11,969 — — 236,623 Total revenue and other earnings 80,582 651,216 66,074 132,041 8,471 938,384 Real estate expense — (24,786 ) (35,322 ) (32,318 ) — (92,426 ) Land development cost of sales — — — (109,663 ) — (109,663 ) Other expense (462 ) — — — (12,658 ) (13,120 ) Allocated interest expense (29,587 ) (95,154 ) (10,249 ) (20,706 ) (28,223 ) (183,919 ) Allocated general and administrative (2) (8,254 ) (25,990 ) (2,887 ) (11,957 ) (19,085 ) (68,173 ) Segment profit (loss) (3) $ 42,279 $ 505,286 $ 17,616 $ (42,603 ) $ (51,495 ) $ 471,083 Other significant items: Provision for loan losses $ 6,482 $ — $ — $ — $ — $ 6,482 Impairment of assets — 2,471 3,853 6,427 668 13,419 Depreciation and amortization — 51,091 4,977 977 1,214 58,259 Capitalized expenditures — 31,445 5,617 99,031 — 136,093 Year Ended December 31, 2018 Operating lease income $ — $ 151,958 $ 55,677 $ 557 $ — $ 208,192 Interest income 97,878 — — — — 97,878 Other income 4,556 4,286 54,361 7,320 11,819 82,342 Land development revenue — — — 409,710 — 409,710 Earnings (losses) from equity method investments — 8,479 (1,003 ) (3,110 ) (9,373 ) (5,007 ) Gain from consolidation of equity method investment — 67,877 — — — 67,877 Income from sales of real estate — 45,038 80,966 — — 126,004 Total revenue and other earnings 102,434 277,638 190,001 414,477 2,446 986,996 Real estate expense — (17,033 ) (80,570 ) (41,686 ) — (139,289 ) Land development cost of sales — — — (350,181 ) — (350,181 ) Other expense (1,578 ) — — — (4,462 ) (6,040 ) Allocated interest expense (40,653 ) (63,706 ) (18,618 ) (21,897 ) (38,877 ) (183,751 ) Allocated general and administrative (2) (12,997 ) (20,713 ) (6,574 ) (14,313 ) (19,975 ) (74,572 ) Segment profit (loss) (3) $ 47,206 $ 176,186 $ 84,239 $ (13,600 ) $ (60,868 ) $ 233,163 Other significant non-cash items: Provision for loan losses $ 16,937 $ — $ — $ — $ — $ 16,937 Impairment of assets — 10,391 79,991 56,726 — 147,108 Depreciation and amortization — 38,588 17,417 1,353 1,341 58,699 Capitalized expenditures — 40,215 19,912 144,595 — 204,722 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2017 Operating lease income $ — $ 123,685 $ 63,159 $ 840 $ — $ 187,684 Interest income 106,548 — — — — 106,548 Other income 2,633 2,603 49,641 126,259 6,955 188,091 Land development revenue — — — 196,879 — 196,879 Earnings (losses) from equity method investments — 5,086 (772 ) 7,292 1,409 13,015 Income from discontinued operations — 4,939 — — — 4,939 Gain from discontinued operations — 123,418 — — — 123,418 Income from sales of real estate — 87,512 4,537 — — 92,049 Total revenue and other earnings 109,181 347,243 116,565 331,270 8,364 912,623 Real estate expense — (16,742 ) (89,725 ) (41,150 ) — (147,617 ) Land development cost of sales — — — (180,916 ) — (180,916 ) Other expense (1,413 ) — — — (19,541 ) (20,954 ) Allocated interest expense (40,359 ) (53,710 ) (20,171 ) (28,033 ) (52,413 ) (194,686 ) Allocated general and administrative (2) (15,223 ) (19,563 ) (8,075 ) (16,483 ) (20,726 ) (80,070 ) Segment profit (loss) (3) $ 52,186 $ 257,228 $ (1,406 ) $ 64,688 $ (84,316 ) $ 288,380 Other significant non-cash items: Recovery of loan losses $ (5,828 ) $ — $ — $ — $ — $ (5,828 ) Impairment of assets — 5,486 6,358 20,535 — 32,379 Depreciation and amortization — 28,132 17,684 1,896 1,321 49,033 Capitalized expenditures — 4,838 35,754 125,744 — 166,336 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total As of December 31, 2019 Real estate Real estate, net $ — $ 1,327,082 $ 200,137 $ — $ — $ 1,527,219 Real estate available and held for sale — — 8,650 — — 8,650 Total real estate — 1,327,082 208,787 — — 1,535,869 Net investment in leases — 418,915 — — — 418,915 Land and development, net — — — 580,545 — 580,545 Loans receivable and other lending investments, net 783,522 44,339 — — — 827,861 Other investments — 760,068 61,686 42,866 43,255 907,875 Total portfolio assets $ 783,522 $ 2,550,404 $ 270,473 $ 623,411 $ 43,255 4,271,065 Cash and other assets 814,044 Total assets $ 5,085,109 As of December 31, 2018 Real estate Real estate, net $ — $ 1,536,494 $ 234,525 $ — $ — $ 1,771,019 Real estate available and held for sale — 1,055 21,496 — — 22,551 Total real estate — 1,537,549 256,021 — — 1,793,570 Land and development, net — — — 598,218 — 598,218 Loans receivable and other lending investments, net 988,224 — — — — 988,224 Other investments — 165,804 65,643 65,312 7,516 304,275 Total portfolio assets $ 988,224 $ 1,703,353 $ 321,664 $ 663,530 $ 7,516 3,684,287 Cash and other assets 1,329,990 Total assets $ 5,014,277 _______________________________________________________________________________ (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 $30.4 million , $17.6 million and $18.8 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. (3) The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Years Ended December 31, 2019 2018 2017 Segment profit $ 471,083 $ 233,163 $ 288,380 Add/Less: (Provision for) recovery of loan losses (6,482 ) (16,937 ) 5,828 Less: Impairment of assets (13,419 ) (147,108 ) (32,379 ) Less: Depreciation and amortization (58,259 ) (58,699 ) (49,033 ) Less: Stock-based compensation expense (30,436 ) (17,563 ) (18,812 ) Less: Income tax (expense) benefit (438 ) (815 ) 948 Less: Loss on early extinguishment of debt, net (27,724 ) (10,367 ) (14,724 ) Net income (loss) $ 334,325 $ (18,326 ) $ 180,208

Quarterly Financial Information

Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2019
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, 2019: Revenue $ 128,888 $ 145,338 $ 98,468 $ 106,802 Net income (loss) $ (36,022 ) $ 3,626 $ 373,691 $ (6,970 ) Net income (loss) attributable to iStar Inc. $ (38,137 ) $ 781 $ 370,839 $ (9,441 ) Earnings per common share data (1) : Net income (loss) attributable to common shareholders Basic $ (46,260 ) $ (7,343 ) $ 362,715 $ (17,565 ) Diluted $ (46,260 ) $ (7,343 ) $ 364,965 $ (17,565 ) Earnings per share Basic $ (0.71 ) $ (0.12 ) $ 5.67 $ (0.26 ) Diluted $ (0.71 ) $ (0.12 ) $ 4.55 $ (0.26 ) Weighted average number of common shares Basic 64,910 62,168 64,019 67,747 Diluted 64,910 62,168 80,259 67,747 2018: Revenue $ 140,165 $ 122,141 $ 171,571 $ 364,245 Net income (loss) $ (105,028 ) $ (8,832 ) $ 60,506 $ 35,028 Net income (loss) attributable to iStar Inc. $ (107,332 ) $ (10,860 ) $ 50,997 $ 34,933 Earnings per common share data (1) : Net income (loss) attributable to common shareholders Basic $ (115,455 ) $ (18,984 ) $ 42,873 $ 26,809 Diluted $ (115,455 ) $ (18,984 ) $ 45,123 $ 29,059 Earnings per share Basic $ (1.70 ) $ (0.28 ) $ 0.63 $ 0.39 Diluted $ (1.70 ) $ (0.28 ) $ 0.54 $ 0.35 Weighted average number of common shares Basic 68,012 67,975 67,932 67,913 Diluted 68,012 67,975 83,694 83,670 _______________________________________________________________________________ (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.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts and Reserves	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, 2017 Reserve for loan losses (1)(2) $ 85,545 $ (5,828 ) $ — $ (1,228 ) $ 78,489 Allowance for doubtful accounts (2) 2,588 473 — (451 ) 2,610 Allowance for deferred tax assets (2) 66,498 7,108 (9,318 ) (1,030 ) 63,258 $ 154,631 $ 1,753 $ (9,318 ) $ (2,709 ) $ 144,357 For the Year Ended December 31, 2018 Reserve for loan losses (1)(2) $ 78,489 $ 16,937 $ — $ (42,031 ) $ 53,395 Allowance for doubtful accounts (2) 2,610 1,300 — (639 ) 3,271 Allowance for deferred tax assets (2) 63,258 14,849 — — 78,107 $ 144,357 $ 33,086 $ — $ (42,670 ) $ 134,773 For the Year Ended December 31, 2019 Reserve for loan losses (1)(2) $ 53,395 $ 6,482 $ — $ (31,243 ) $ 28,634 Allowance for doubtful accounts (2) 3,271 (696 ) — (633 ) 1,942 Allowance for deferred tax assets (2) 78,107 1,538 — — 79,645 $ 134,773 $ 7,324 $ — $ (31,876 ) $ 110,221 _____________________________________________________________ (1) Refer to Note 7 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, 2019
SEC Schedule, 12-28, Real Estate Companies, Investment in 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 Location Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) OFFICE FACILITIES: Tempe, Arizona OFF001 $ — (1) $ 1,033 $ 6,652 $ 2,942 $ 1,033 $ 9,594 $ 10,627 $ 4,959 1999 40.0 Tempe, Arizona OFF002 — (1) 1,033 6,652 491 1,033 7,143 8,176 3,521 1999 40.0 Tempe, Arizona OFF003 — (1) 1,033 6,652 556 1,033 7,208 8,241 3,524 1999 40.0 Tempe, Arizona OFF004 — (1) 701 4,339 2,171 701 6,510 7,211 2,551 1999 40.0 Alameda, California OFF005 26,726 9,702 29,831 1,152 9,702 30,983 40,685 1,437 2018 40.0 Ft. Collins, Colorado OFF006 — — 16,752 (11,239 ) — 5,513 5,513 237 2002 40.0 Lisle, Illinois OFF007 22,527 7,681 30,230 — 7,681 30,230 37,911 1,446 2018 40.0 Cockeysville, Maryland OFF008 115,000 19,529 148,286 (324 ) 19,529 147,962 167,491 4,563 2018 40.0 Chelmsford, Massachusetts OFF009 7,096 (1) 1,600 21,947 285 1,600 22,232 23,832 9,982 2002 40.0 Jersey City, New Jersey OFF010 63,500 — 99,296 — — 99,296 99,296 2,097 2019 40.0 Mt. Laurel, New Jersey OFF011 47,901 (1) 7,726 74,429 10 7,724 74,441 82,165 31,757 2002 40.0 Riverview, New Jersey OFF012 7,755 (1) 1,008 13,763 206 1,008 13,969 14,977 5,492 2004 40.0 Riverview, New Jersey OFF013 18,471 (1) 2,456 28,955 814 2,456 29,769 32,225 11,753 2004 40.0 North Hills, New York OFF014 70,312 19,631 104,527 — 19,631 104,527 124,158 4,104 2018 40.0 Austin, Texas OFF015 91,000 — 88,136 15,681 — 103,817 103,817 921 2019 40.0 Irving, Texas OFF016 — (1) 1,364 10,628 5,780 2,373 15,399 17,772 8,414 1999 40.0 Oakton, Virginia OFF017 54,813 14,242 68,610 — 14,242 68,610 82,852 3,105 2018 40.0 Subtotal $ 525,101 $ 88,739 $ 759,685 $ 18,525 $ 89,746 $ 777,203 $ 866,949 $ 99,863 INDUSTRIAL FACILITIES: Montague, Michigan IND001 — (1) 598 9,814 — 598 9,814 10,412 4,213 2007 40.0 Little Falls, Minnesota IND002 — (1) 6,705 17,690 — 6,225 18,170 24,395 6,774 2005 40.0 Jackson, Ohio IND003 39,662 1,990 56,329 16,995 1,990 73,324 75,314 2,544 2018 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period Location Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) El Reno, Oklahoma IND004 8,226 401 7,644 — 401 7,644 8,045 614 2018 40.0 Fort Worth, Texas IND005 8,226 2,341 17,142 — 2,341 17,142 19,483 805 2018 40.0 Chippewa Falls, Wisconsin IND006 29,961 2,845 55,805 — 2,845 55,805 58,650 2,637 2018 40.0 Subtotal $ 86,075 $ 14,880 $ 164,424 $ 16,995 $ 14,400 $ 181,899 $ 196,299 $ 17,587 LAND: Scottsdale, Arizona LAN001 — 1,400 — 800 2,200 — 2,200 — 2011 0 Scottsdale, Arizona LAN002 — 34,492 — — 34,492 — 34,492 — 2019 0 Whittmann, Arizona LAN003 — (1 ) 96,700 — — 96,700 — 96,700 — 2010 0 Mammoth Lakes, California LAN004 — 28,464 2,836 (20,742 ) 7,722 2,836 10,558 2,836 2010 0 San Jose, California LAN005 — 8,921 — — 8,921 — 8,921 — 2017 0 Santa Clarita Valley, California LAN006 — 59,100 — (24,100 ) 35,000 — 35,000 — 2010 0 Fort Myers, Florida LAN007 — 5,883 — (2,816 ) 3,067 — 3,067 — 2014 0 Indiantown, Florida LAN008 — 8,100 — — 8,100 — 8,100 — 2009 0 Naples, Florida LAN009 — 26,600 — (142 ) 26,458 — 26,458 4 2010 0 Chicago, Illinois LAN010 — 31,500 — — 31,500 — 31,500 — 2016 0 Asbury Park, New Jersey LAN011 — 43,300 — 31,622 74,922 — 74,922 1,050 (3) 2009 0 Asbury Park, New Jersey LAN012 — 3,992 — 148,681 152,673 — 152,673 — 2009 0 Asbury Park, New Jersey LAN013 — 111 5,954 1,980 111 7,934 8,045 — 2009 0 Brooklyn, New York LAN014 — 58,900 — (19,874 ) 39,026 — 39,026 — 2011 0 Long Beach, New York LAN015 — 52,461 — (22,461 ) 30,000 — 30,000 — 2009 0 Wawarsing, New York LAN016 — 4,600 — — 4,600 — 4,600 — 2018 0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period Location Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Chesterfield County, Virginia LAN017 — 72,138 — 45,873 118,011 — 118,011 5,141 (3) 2009 0 Ranson, West Virginia LAN018 — 9,083 — (4,083 ) 5,000 — 5,000 — 2016 0 Subtotal $ — $ 545,745 $ 8,790 $ 134,738 $ 678,503 $ 10,770 $ 689,273 $ 9,031 ENTERTAINMENT: Birmingham, Alabama ENT001 1,668 1,939 1,840 — 1,939 1,840 3,779 173 2018 40.0 Avondale, Arizona ENT002 1,332 389 2,074 1 389 2,075 2,464 117 2018 40.0 Glendale, Arizona ENT003 2,350 1,750 2,118 — 1,750 2,118 3,868 188 2018 40.0 Gilbert, Arizona ENT004 4,948 1,969 3,552 — 1,969 3,552 5,521 247 2018 40.0 Mesa, Arizona ENT005 1,492 970 1,710 — 970 1,710 2,680 114 2018 40.0 Scottsdale, Arizona ENT006 1,746 1,205 1,933 — 1,205 1,933 3,138 122 2018 40.0 Tucson, Arizona ENT007 976 456 877 1 456 878 1,334 68 2018 40.0 Chula Vista, California ENT008 2,630 2,032 4,869 — 2,032 4,869 6,901 332 2018 40.0 Fontana, California ENT009 1,626 1,097 1,882 1 1,097 1,883 2,980 147 2018 40.0 Moreno Valley, California ENT010 1,549 990 1,910 — 990 1,910 2,900 137 2018 40.0 Murrieta, California ENT011 2,838 1,649 3,803 — 1,649 3,803 5,452 259 2018 40.0 Norco, California ENT012 2,649 1,503 3,608 — 1,503 3,608 5,111 237 2018 40.0 Palmdale, California ENT013 1,136 777 1,963 — 777 1,963 2,740 158 2018 40.0 San Diego, California ENT014 — (1) — 18,000 — — 18,000 18,000 6,880 2003 40.0 Thousand Oaks, California ENT015 — (1) — 1,953 25,772 — 27,725 27,725 7,507 2008 40.0 Upland, California ENT016 1,626 1,167 1,930 — 1,167 1,930 3,097 141 2018 40.0 Brampton, ONT, Canada ENT017 2,137 1,231 2,491 — 1,231 2,491 3,722 176 2018 40.0 Aurora, Colorado ENT018 1,645 1,057 1,719 — 1,057 1,719 2,776 133 2018 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period Location Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Colorado Springs, Colorado ENT019 1,120 497 820 — 497 820 1,317 72 2018 40.0 Lakewood, Colorado ENT020 1,559 713 2,206 — 713 2,206 2,919 112 2018 40.0 Lone Tree, Colorado ENT021 5,625 2,880 5,586 — 2,880 5,586 8,466 345 2018 40.0 Westminster, Colorado ENT022 1,650 1,018 1,886 — 1,018 1,886 2,904 134 2018 40.0 Wheat Ridge, Colorado ENT023 1,070 669 1,671 — 669 1,671 2,340 119 2018 40.0 Apopka, Florida ENT024 1,174 757 1,347 — 757 1,347 2,104 103 2018 40.0 Boca Raton, Florida ENT025 — (1) — 41,809 — — 41,809 41,809 22,913 2005 27.0 Boynton Beach, Florida ENT026 — (1) 6,550 — 17,118 6,533 17,135 23,668 5,424 2006 40.0 Margate, Florida ENT027 1,259 513 493 — 513 493 1,006 31 2018 40.0 Melbourne, Florida ENT028 1,326 843 1,537 — 843 1,537 2,380 119 2018 40.0 St. Petersburg, Florida ENT029 — (1) 4,200 18,272 — 4,200 18,272 22,472 6,783 2005 40.0 W. Palm Beach, Florida ENT030 — (1) — 19,337 — — 19,337 19,337 7,176 2005 40.0 Augusta, Georgia ENT031 1,942 1,383 3,776 — 1,383 3,776 5,159 227 2018 40.0 Kennesaw, Georgia ENT032 4,621 2,098 5,113 (1 ) 2,098 5,112 7,210 300 2018 40.0 Lawrenceville, Georgia ENT033 1,455 911 1,285 — 911 1,285 2,196 95 2018 40.0 Marietta, Georgia ENT034 2,105 1,180 1,436 — 1,180 1,436 2,616 102 2018 40.0 Marietta, Georgia ENT035 1,252 715 760 — 715 760 1,475 66 2018 40.0 Norcross, Georgia ENT036 2,352 1,110 380 — 1,110 380 1,490 60 2018 40.0 Roswell, Georgia ENT037 2,084 893 311 1 893 312 1,205 32 2018 40.0 Algonquin, Illinois ENT038 3,081 1,312 4,041 — 1,312 4,041 5,353 314 2018 40.0 Buffalo Grove, Illinois ENT039 1,676 861 3,945 — 861 3,945 4,806 238 2018 40.0 Chicago, Illinois ENT040 — (1) 8,803 57 30,479 8,803 30,536 39,339 9,403 2006 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period Location Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Glendale Heights, Illinois ENT041 1,082 455 819 1 455 820 1,275 47 2018 40.0 Lake Zurich, Illinois ENT042 1,199 924 238 1 924 239 1,163 97 2018 40.0 Mount Prospect, Illinois ENT043 1,225 704 956 (1 ) 704 955 1,659 66 2018 40.0 Romeoville, Illinois ENT044 2,950 2,254 3,251 — 2,254 3,251 5,505 289 2018 40.0 Roselle, Illinois ENT045 1,091 730 682 — 730 682 1,412 72 2018 40.0 River Grove, Illinois ENT046 1,772 1,754 3,289 (1 ) 1,754 3,288 5,042 238 2018 40.0 Vernon Hills, Illinois ENT047 978 600 666 — 600 666 1,266 64 2018 40.0 Waukegan, Illinois ENT048 622 342 670 — 342 670 1,012 50 2018 40.0 Woodridge, Illinois ENT049 1,169 829 1,597 (1 ) 829 1,596 2,425 120 2018 40.0 Columbia, Maryland ENT050 1,704 1,762 1,300 — 1,762 1,300 3,062 124 2018 40.0 Ellicott City, Maryland ENT051 1,325 889 1,632 1 889 1,633 2,522 96 2018 40.0 Blaine, Minnesota ENT052 2,619 1,801 2,814 (1 ) 1,801 2,813 4,614 250 2018 40.0 Brooklyn Park, Minnesota ENT053 2,612 1,455 2,036 — 1,455 2,036 3,491 180 2018 40.0 Burnsville, Minnesota ENT054 — (1) 2,962 — 17,164 2,962 17,164 20,126 6,265 2006 40.0 Eden Prairie, Minnesota ENT055 2,668 1,496 2,117 (1 ) 1,496 2,116 3,612 166 2018 40.0 Lakeville, Minnesota ENT056 2,670 1,910 3,373 — 1,910 3,373 5,283 230 2018 40.0 Rochester, Minnesota ENT057 — (1) 2,437 8,715 2,098 2,437 10,813 13,250 4,410 2006 40.0 St. Peters, Missouri ENT058 2,904 1,936 3,381 — 1,936 3,381 5,317 227 2018 40.0 Valley Park, Missouri ENT059 1,366 803 1,408 — 803 1,408 2,211 92 2018 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period Location Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Asbury Park, New Jersey ENT060 — 750 10,670 678 750 11,348 12,098 516 2017 40.0 Fairlawn, New Jersey ENT061 1,589 1,141 2,094 — 1,141 2,094 3,235 123 2018 40.0 Turnersville, New Jersey ENT062 1,457 1,354 1,314 — 1,354 1,314 2,668 151 2018 40.0 Brooklyn, New York ENT063 — 3,277 — 501 587 3,191 3,778 84 2013 40.0 N. Ridgeville, Ohio ENT064 949 290 1,057 — 290 1,057 1,347 47 2018 40.0 Belle Vernon, Pennsylvania ENT065 825 410 759 — 410 759 1,169 68 2018 40.0 Denton, Texas ENT066 1,169 712 763 — 712 763 1,475 58 2018 40.0 Ft. Worth, Texas ENT067 955 379 266 — 379 266 645 29 2018 40.0 Watauga, Texas ENT068 2,125 1,073 2,274 — 1,073 2,274 3,347 144 2018 40.0 Lynnwood, Washington ENT069 2,134 1,608 4,010 — 1,608 4,010 5,618 269 2018 40.0 Quincy, Washington ENT070 — (1) 1,500 6,500 — 1,500 6,500 8,000 3,058 2003 40.0 Subtotal $ 108,858 $ 96,624 $ 242,951 $ 93,811 $ 93,917 $ 339,469 $ 433,386 $ 88,934 RETAIL: Scottsdale, Arizona RET001 — 2,657 2,666 248 2,657 2,914 5,571 673 2011 40.0 Colorado Springs, Colorado RET002 — (1) 2,631 279 5,195 2,607 5,498 8,105 1,721 2006 40.0 St. Augustine, Florida RET003 — (1) 3,950 — 10,285 3,908 10,327 14,235 3,413 2005 40.0 Honolulu, Hawaii RET004 — 3,393 21,155 (7,507 ) 3,393 13,648 17,041 4,207 2009 40.0 Chicago, Illinois RET005 — — 336 1,775 — 2,111 2,111 1,261 2010 40.0 Albuquerque, New Mexico RET006 — (1) 1,733 — 8,728 1,705 8,756 10,461 3,017 2005 40.0 Hamburg, New York RET007 — (1) 731 6,073 699 711 6,792 7,503 2,666 2005 40.0 Anthony, Texas RET008 — (1) 3,538 4,215 (187 ) 3,514 4,052 7,566 1,393 2005 40.0 Draper, Utah RET009 — (1) 3,502 — 5,975 3,502 5,975 9,477 1,956 2005 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried at Close of Period Location Encumbrances Land Building and Improvements Land Building and Improvements Total Accumulated Depreciation Date Acquired Depreciable Life (Years) Subtotal $ — $ 22,135 $ 34,724 $ 25,211 $ 21,997 $ 60,073 $ 82,070 $ 20,307 HOTEL: Honolulu, Hawaii HOT001 — 17,996 17,996 (31,160 ) 3,419 1,413 4,832 4,531 2009 40.0 Asbury Park, New Jersey HOT002 — 297 18,299 3,850 297 22,149 22,446 614 2019 40.0 Asbury Park, New Jersey HOT003 — 120 6,548 — 120 6,548 6,668 82 2019 40.0 Asbury Park, New Jersey HOT004 — 3,815 40,194 3,632 3,815 43,826 47,641 6,472 2016 40.0 Subtotal $ — $ 22,228 $ 83,037 $ (23,678 ) $ 7,651 $ 73,936 $ 81,587 $ 11,699 APARTMENT/RESIDENTIAL: Mammoth, California APA001 — 10,078 40,312 (50,009 ) 76 305 381 — 2007 0 Atlanta, Georgia APA002 — 2,963 11,850 (7,200 ) 1,523 6,090 7,613 — 2010 0 Jersey City, New Jersey APA003 — 36,405 64,719 (100,769 ) 127 228 355 — 2009 0 Subtotal $ — $ 49,446 $ 116,881 $ (157,978 ) $ 1,726 $ 6,623 $ 8,349 $ — MIXED USE: Riverside, California MXU001 — 5,869 629 2 5,869 631 6,500 577 2010 40.0 Subtotal $ — $ 5,869 $ 629 $ 2 $ 5,869 $ 631 $ 6,500 $ 577 Total $ 720,034 $ 845,666 $ 1,411,121 $ 107,626 $ 913,809 $ 1,450,604 $ 2,364,413 (4) $ 247,998 (5) _______________________________________________________________________________ (1) Consists of properties pledged as collateral under the Company's secured credit facilities with a carrying value of $546.6 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 $2.70 billion at December 31, 2019 . (5) Includes $9.6 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, 2019 . The following table reconciles real estate from January 1, 2017 to December 31, 2019 : 2019 2018 2017 Balance at January 1 $ 2,710,512 $ 2,577,195 $ 2,997,351 Improvements and additions 134,035 203,124 167,676 Acquisitions through foreclosure — 4,600 — Other acquisitions 231,436 762,207 5,164 Dispositions (464,648 ) (656,900 ) (561,431 ) Other (1) (236,545 ) — — Impairments (10,377 ) (179,714 ) (31,565 ) Balance at December 31 $ 2,364,413 $ 2,710,512 $ 2,577,195 _______________________________________________________________________________ (1) Refer to Note 5. The following table reconciles accumulated depreciation from January 1, 2017 to December 31, 2019 : 2019 2018 2017 Balance at January 1 $ (318,724 ) $ (366,265 ) $ (426,982 ) Additions (45,615 ) (48,376 ) (44,270 ) Other (1) 44,200 — — Dispositions 72,141 95,917 104,987 Balance at December 31 $ (247,998 ) $ (318,724 ) $ (366,265 ) _______________________________________________________________________________ (1) Refer to Note 5.

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Schedule IV - Mortgage Loans on Real Estate	Schedule IV—Mortgage Loans on Real Estate As of December 31, 2019 ($ in thousands) Type of Loan/Borrower Underlying Property Type Contractual Interest Accrual Rates Contractual Interest Payment Rates Effective Maturity Dates Periodic Payment Terms (1) Prior Liens Face Amount of Mortgages Carrying Amount of Mortgages (2)(3) Senior Mortgages: Borrower A Mixed Use/Mixed Collateral LIBOR + 4.50% LIBOR + 4.50% July 2020 IO $ — $ 97,366 $ 97,443 Borrower B Land LIBOR + 6.0% LIBOR + 6.0% March 2021 IO $ — 94,175 93,721 Borrower C Mixed Use/Mixed Collateral LIBOR +6.75% LIBOR +6.75% June 2021 IO — 47,908 48,536 Borrower D Office Variable: LIBOR +4.00% to LIBOR +12.35% Variable: LIBOR +4.00% to LIBOR +12.35% August 2020 IO — 52,056 52,493 Borrower E Mixed Use/Mixed Collateral LIBOR + 4.75% LIBOR + 4.75% July 2020 IO — 49,682 49,539 Borrower F Office LIBOR + 5% LIBOR + 5% October 2020 IO — 12,605 12,543 Borrower G Apartment/Residential LIBOR + 5.25% LIBOR + 5.25% June 2021 IO — 46,592 46,308 Borrower H Apartment/Residential LIBOR + 6% LIBOR +6% April 2021 IO — 38,912 38,614 Borrower I Apartment/Residential LIBOR +5.75% LIBOR +5.75% March 2021 IO — 34,301 34,158 Borrower J Hotel LIBOR +4.50% LIBOR +4.50% February 2020 IO — 35,656 35,640 Borrower K Retail LIBOR + 3.0% LIBOR + 3.0% July 2009 IO — 56,341 16,119 Senior mortgages individually <3% Apartment/Residential, Retail, Mixed Use/Mixed Collateral, Office, Hotel, Land, or Other Fixed: 9.68% Fixed: 9.68% 2020 to 2024 IO — 25,884 25,769 591,478 550,883 Subordinate Mortgages: Subordinate mortgages individually <3% Hotel Fixed: 6.8% to 14.0% Fixed: 6.8% to 14% 2020 to 2057 IO — 10,874 10,878 10,874 10,878 Total mortgages $ 602,352 $ 561,761 _______________________________________________________________________________ (1) IO = Interest only. (2) Amounts are presented net of asset-specific reserves of $21.7 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell. (3) The carrying amount of mortgages approximated the federal income tax basis. iStar Inc. Schedule IV—Mortgage Loans on Real Estate (Continued) As of December 31, 2019 ($ in thousands) Reconciliation of Mortgage Loans on Real Estate: The following table reconciles Mortgage Loans on Real Estate from January 1, 2017 to December 31, 2019 (1) : 2019 2018 2017 Balance at January 1 $ 730,515 $ 752,129 $ 915,905 Additions: New mortgage loans 11,667 381,133 265,966 Additions under existing mortgage loans 164,120 157,702 132,703 Other (2) 25,740 25,778 23,388 Deductions (3) : Collections of principal (355,769 ) (501,466 ) (528,321 ) Recovery of (provision for) loan losses (493 ) (45 ) 28 Transfers to real estate and equity investments (13,987 ) (84,684 ) (57,505 ) Amortization of premium (32 ) (32 ) (35 ) Balance at December 31 $ 561,761 $ 730,515 $ 752,129 ______________________________________________________________ (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 $19.2 million and $1.2 million for the years ended December 31, 2019 and 2017, respectively.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
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 methods as appropriate during construction. The Company’s policy for interest capitalization on qualifying real estate assets is to use the average amount of accumulated expenditures during the period the asset is being prepared for its intended use, which is typically when physical construction commences, and a capitalization rate which is derived from specific borrowings on the qualifying asset or the Company’s corporate borrowing rate in the absence of specific borrowings. 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 and in-place leases 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 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 may also engage in sale/leaseback transactions and execute leases with the occupant simultaneously with the purchase of the asset. These transactions are accounted for as asset acquisitions.
Impairments	Impairments— The Company reviews real estate assets to be held for use 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 and land and development assets are 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 and land and development assets are 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 disposed of or classified as held for sale 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. The Company classifies its real estate assets as held for sale in the period in which all of the following conditions are met: (i) the Company commits to a plan and has the authority to sell the asset; (ii) the asset is available for sale in its current condition; (iii) the Company has initiated an active marketing plan to locate a buyer for the asset; (iv) the sale of the asset is both probable and expected to qualify for full sales recognition within a period of 12 months; (v) the asset is being actively marketed for sale at a price that is reflective of its current fair value; and (vi) the Company does not anticipate changes to its plan to sell the asset. 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—G ains or losses on the sale of real estate assets, including residential property, are recognized in accordance with Accounting Standards Codification ("ASC") 610-20 , Gains and Losses from the Derecognition of Nonfinancial Assets. The Company primarily uses specific identification and the relative sales value method to allocate costs. Gains on sales of real estate are included in "Income from sales of real estate" in the Company's consolidated statements of operations.
Net Investment in Leases	Net Investment in Leases —Net investment in leases are recognized when the Company's leases qualify as sales-type leases. The net investment in leases is initially measured at the present value of the fixed and determinable lease payments, including any guaranteed or unguaranteed residual value of the asset at the end of the lease, discounted at the rate implicit in the lease. Acquisition-related costs are capitalized and recorded in "Net Investment in Leases" on the Company's consolidated balance sheets. If a lease qualifies as a sales-type lease, it is further evaluated to determine whether the transaction is considered a sale leaseback transaction. If the sales-type lease does not qualify as a sale leaseback transaction, the lease is considered a financing receivable and is recognized in accordance with ASC 310 (refer to Note 5) and recorded in "Loans receivable and other lending investments, net" on the Company's consolidated balance sheets.
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, net," "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 method investments	Equity 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. Equity method investments are included in "Other investments" on the Company's consolidated balance sheets. The Company also has equity interests that are not accounted for pursuant to the equity method of accounting. These equity interests are carried at cost, plus or minus any changes in value identified through observable comparable price changes in transactions in identical or similar investments of the same entity. The changes in fair value for these investments are included in "Other income" in the consolidated statements of operations. 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 —
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.
Deferred expenses and other assets and accounts payable, accrued expenses and other liabilities	Deferred expenses and other assets / Accounts payable, accrued expenses and other liabilities — Deferred expenses and other assets include certain non-tenant receivables, leasing costs, lease incentives and financing fees associated with revolving-debt arrangements. Financing fees associated with other debt obligations are recorded as a reduction of the carrying value of "Debt obligations, net" and "Loan participations payable, net" on the Company's consolidated balance sheets. Lease incentives and leasing costs that include brokerage, legal and other costs 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.
Leases	Effective January 1, 2019 with the adoption of ASU 2016-02, the Company, as lessee, records right-of-use lease assets in "Deferred expenses and other assets" and lease liabilities in "Accounts payable, accrued expenses and other liabilities" on its consolidated balance sheets for operating and finance leases, both measured at the present value of the fixed and determinable lease payments. Some of the Company's lease agreements include extension options, which are not included in the lease payments unless the extensions are reasonably certain to be exercised. For operating leases, the Company recognizes a single lease cost for office leases in "General and administrative" and a single lease cost for ground leases in "Real estate expense" in the consolidated statements of operations, calculated so that the cost of the lease is allocated generally on a straight-line basis over the term of the lease, and classifies all cash payments within operating activities in the consolidated statements of cash flows. For finance leases, the Company recognizes amortization of the right-of-use assets on a straight-line basis over the term of the lease in "Depreciation and amortization" and interest expense on the lease liability using the effective interest method in "Interest expense" in the consolidated statements of operations. Repayments of the principal portion of the finance lease liability are classified within financing activities in the consolidated statements of cash flows and payments of interest on a finance lease liability are classified within operating activities in the consolidated statement of cash flows.
Identified intangible assets and liabilities	Identified intangible assets and liabilities — Upon the acquisition of a business or an asset, 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, 2019 , 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	Revenue recognition — The Company's revenue recognition policies are as follows: Operating lease income: For the Company's leases classified as operating leases, 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, net" 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 a reserve based on management's evaluation of the credit risks associated with these receivables. As of December 31, 2019 and 2018 , the allowance for doubtful accounts related to real estate tenant receivables was $1.0 million and $1.5 million , respectively, and the allowance for doubtful accounts related to deferred operating lease income was $1.0 million and $1.8 million , respectively. Interest Income: Interest income on loans receivable and financing receivables (refer to Note 5) 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. 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. Interest Income from Sales-Type Leases —Interest income from sales-type leases is recognized in "Interest income from sales-type leases" in the Company's consolidated statements of operations under the effective interest method. The effective interest method produces a constant yield on the net investment in the lease over the term of the lease. Rent payments that are not fixed and determinable at lease inception, such as percentage rent and CPI adjustments, are not included in the effective interest method calculation and are recognized in "Interest income from sales-type leases" in the Company's consolidated statements of operations in the period earned. 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, yield maintenance payments, lease termination fees, management fees and other ancillary income. During the year ended December 31, 2017, the Company recorded $123.4 million of interest income and real estate tax reimbursements resulting from the settlement of litigation involving a dispute over the purchase and sale of land (refer to Note 6). 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 and Reserve for losses on net investment in leases	Reserve for loan losses — The reserve for loan losses reflects management's estimate of loan losses inherent in the loan portfolio, including financing receivables (refer to Note 5), 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. The Company's one impaired loan is collateral dependent and impairment is measured using the estimated fair value of the 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 some 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. Reserve for losses on net investment in leases — The Company evaluates its net investment in leases for impairment under ASC 310. As part of its process for monitoring the credit quality of its net investment in leases, the Company performs a quarterly assessment for each of its net investment leases. The Company considers a net investment in lease to be impaired when, based upon current information and events, it believes that it is probable that it will be unable to collect all amounts due under the contractual terms of the lease. As of December 31, 2019 , all of the Company's net investment in leases were performing in accordance with the terms of the respective leases. Any potential reserve for losses on net investment in leases will reflect management's estimate of losses inherent in the portfolio as of the balance sheet date. If the Company determines that the cash flows it expects to receive from the underlying collateral over the lease term is less than the carrying value of the net investment in lease, it will record a reserve. The reserve, if applicable, will be increased (decreased) through "Reserve for losses on net investment in leases" in the Company's consolidated statements of operations.
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, including derivative financial instruments at some of its equity method investments, is primarily limited to the utilization of interest rate swaps, interest rate caps or other instruments to manage interest rate risk exposure. The Company does not enter into derivatives for trading purposes. The Company recognizes its 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 and qualifying as cash flow hedges, changes in the fair value of the derivatives, including the Company's pro rata share of derivatives at equity method investments, are reported as a component of accumulated other comprehensive income (loss) and subsequently reclassified into interest expense or earnings from equity method investments in the same periods during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s debt. For the Company's derivatives not designated as hedges, the changes in the fair value of the derivatives are reported in "Other expense" in the Company's consolidated statements of operations.
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. Compensation cost for market-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-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 applied the corporate tax rate enacted December 22, 2017 under the Tax Cuts and Jobs Act effective for years beginning after 2017 to value its deferred tax assets and liabilities. The Company evaluates whether its deferred tax assets are realizable 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 whether its deferred tax assets are realizable, 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 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, 2019 and 2018 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 and subjects net income, if any, from these assets to corporate level tax. The carrying value of assets with foreclosure elections as of December 31, 2019 is $39.6 million . Beginning in 2018, the Tax Cuts and Jobs Act reduced the corporate tax rate to 21% from 35% and net income from foreclosure property, if any, is subject to a 21% tax rate. As of December 31, 2018 , the Company had $567.7 million of REIT net operating loss ("NOL") carryforwards at the corporate REIT level that can generally be used to offset both ordinary taxable income and capital gain net income in future years. The NOL carryforwards will expire beginning in 2031 and through 2036 if unused. The amount of NOL carryforwards as of December 31, 2019 will be subject to finalization of the Company's 2019 tax return. The Tax Cuts and Jobs Act reduced the deduction for net operating losses to 80% of the Company’s taxable income for losses incurred after December 31, 2017. The Company's NOL carryforward for losses incurred in taxable years prior to 2018 remain fully deductible. The Company's tax years from 2015 through 2018 remain subject to examination by major tax jurisdictions. During the year ended December 31, 2019 , the Company is expected to have REIT taxable income before the deduction for dividends paid and the NOL deduction. 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, 2019 , $752.0 million of the Company's assets were owned by TRS entities. The Company's TRS entities are not consolidated with the REIT 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. Basic earnings per share ("Basic EPS") for the Company's common stock are computed by dividing net income allocable to common shareholders by the weighted average number of shares of common stock 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.
New accounting pronouncements	New accounting pronouncements — In June 2016 , the FASB issued ASU 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments ("ASU 2016-13") which was issued to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments held by a reporting entity. This amendment replaces the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to determine credit loss estimates. ASU 2016-13 is effective for interim and annual reporting periods beginning after December 15, 2019. On January 1, 2020, upon the adoption of ASU 2016-13, the Company expects to record an increase to its general reserve of approximately $12.0 million on its loan portfolio and its net investment in leases, which will be recorded as a decrease to shareholders' equity on January 1, 2020. In May 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments ("ASU 2019-04") to clarify certain accounting topics from previously issued ASUs, including ASU 2016-13. ASU 2019-04 addresses certain aspects of ASU 2016-13, including but not limited to, accrued interest receivable, loan recoveries, interest rate projections for variable-rate financial instruments and expected prepayments. ASU 2019-04 provides alternatives that allow entities to measure credit losses on accrued interest separate from credit losses on the principal portion of a loan, clarifies that entities should include expected recoveries in the measurement of credit losses, allows entities to consider future interest rates when measuring credit losses and can elect to adjust effective interest rates used to discount expected cash flows for expected loan prepayments. ASU 2019-04 is effective upon the adoption of ASU 2016-13. Management does not expect the adoption of ASU 2019-04 to have a material impact on the Company’s consolidated financial statements.

Basis of Presentation and Pri_2

Basis of Presentation and Principles of Consolidation (Tables)	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of assets and liabilities of consolidated VIEs	The following table presents the assets and liabilities of the Company's consolidated VIEs as of December 31, 2019 and 2018 ($ in thousands): As of December 31, 2019 December 31, ASSETS Real estate Real estate, at cost $ 891,000 $ 848,052 Less: accumulated depreciation (37,542 ) (15,365 ) Real estate, net 853,458 832,687 Land and development, net 273,617 279,031 Other investments 45 72 Cash and cash equivalents 19,112 25,219 Accrued interest and operating lease income receivable, net 1,208 1,302 Deferred operating lease income receivable, net 19,547 8,972 Deferred expenses and other assets, net 134,117 167,324 Total assets $ 1,301,104 $ 1,314,607 LIABILITIES Accounts payable, accrued expenses and other liabilities $ 107,455 $ 106,907 Debt obligations, net 482,918 485,000 Total liabilities 590,373 591,907

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of cash, cash equivalents and restricted cash	The following table provides a reconciliation of the cash and cash equivalents and restricted cash reported in the Company's consolidated balance sheets that total to the same amount as reported in the consolidated statements of cash flows (in thousands): December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 Cash and cash equivalents $ 307,172 $ 931,751 $ 657,688 $ 328,744 Restricted cash included in deferred expenses and other assets, net 45,034 42,793 20,045 25,883 Total cash, cash equivalents and restricted cash reported in the consolidated statements of cash flows $ 352,206 $ 974,544 $ 677,733 $ 354,627
Schedule of components of income tax expense (benefit)	The following represents the Company's TRS income tax benefit (expense) ($ in thousands): For the Years Ended December 31, 2019 2018 2017 Current tax benefit (expense) (1)(2) $ (35 ) $ (447 ) $ 531 Total income tax (expense) benefit $ (35 ) $ (447 ) $ 531 _______________________________________________________________________________ (1) For the year ended December 31, 2017, the Company recognized a tax benefit for alternative minimum tax credits generated from a carryback of NOLs to 2014 and 2015. For the year ended December 31, 2019, excludes a REIT tax expense of $0.4 million , for the year ended December 31, 2018, excludes a REIT tax expense of $0.5 million and for the year ended December 31, 2017, excludes a REIT income tax benefit of $0.4 million . (2) Under the Tax Cuts and Jobs Act, the alternative minimum tax credit carryforward is a refundable tax credit over a four year period beginning in 2018 and ending in 2021 upon which the full amount of the credit will be allowed.
Schedule of deferred tax assets and liabilities	Deferred tax assets and liabilities of the Company's TRS entities were as follows ($ in thousands): As of December 31, 2019 2018 Deferred tax assets (1)(2) $ 79,645 $ 78,107 Valuation allowance (79,645 ) (78,107 ) Net deferred tax assets (liabilities) $ — $ — _______________________________________________________________________________ (1) Deferred tax assets as of December 31, 2019 include temporary differences related primarily to asset basis of $32.9 million , deferred expenses and other items of $11.9 million , NOL carryforwards of $32.5 million and other credits of $2.3 million . Deferred tax assets as of December 31, 2018 include temporary differences related primarily to asset basis of $35.3 million , deferred expenses and other items of $17.2 million and NOL carryforwards of $25.6 million . The Company has determined that the change in tax law associated with the Tax Cuts and Jobs Act will not have a material effect on whether its deferred tax assets are realizable. (2) Gross deferred tax assets as of December 31, 2017 were valued at the enacted corporate tax rate during the period in which such deferred tax assets are expected to be realized. The Tax Cuts and Jobs Act reduced the federal corporate tax rate to 21% from 35% for taxable years beginning after December 31, 2017. The Company’s TRS’s applied its reduced effective tax rate to compute its gross deferred tax assets before valuation allowance.

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
Schedule of real estate assets	The Company's real estate assets were comprised of the following ($ in thousands): Net Lease (1) Operating Properties Total As of December 31, 2019 Land, at cost $ 199,710 $ 106,187 $ 305,897 Buildings and improvements, at cost 1,347,321 107,861 1,455,182 Less: accumulated depreciation (219,949 ) (13,911 ) (233,860 ) Real estate, net 1,327,082 200,137 1,527,219 Real estate available and held for sale (2) — 8,650 8,650 Total real estate $ 1,327,082 $ 208,787 $ 1,535,869 As of December 31, 2018 Land, at cost $ 336,740 $ 133,599 $ 470,339 Buildings and improvements, at cost 1,487,270 118,724 1,605,994 Less: accumulated depreciation (287,516 ) (17,798 ) (305,314 ) Real estate, net 1,536,494 234,525 1,771,019 Real estate available and held for sale (2) 1,055 21,496 22,551 Total real estate $ 1,537,549 $ 256,021 $ 1,793,570 _______________________________________________________________________________ (1) In May 2019, the Company modified certain of its leases. As a result of these modifications, the Company classified the leases as sales-type leases and recorded $424.1 million in "Net investment in leases" and derecognized $193.4 million from "Real estate, net" and "Real estate available and held for sale" on its consolidated balance sheet (refer to Note 5). (2) As of December 31, 2019 and 2018 , the Company had $8.6 million and $20.6 million , respectively, of residential condominiums available for sale in its operating properties portfolio.
Schedule of real estate available and held for sale	The following table presents the carrying value of properties transferred to held for sale, by segment ($ in millions) (1) : Year Ended December 31, Property Type 2019 2018 2017 Operating Properties $ 14.5 $ 23.2 $ 20.1 Net Lease 185.9 8.1 0.9 Total $ 200.4 $ 31.3 $ 21.0 _______________________________________________________________________________ (1) Properties were transferred to held for sale due to executed contracts with third parties or changes in business strategy. All of these properties were ultimately sold.
Schedule of income (loss) from discontinued operations	The transactions described above involving the Company's Ground Lease business qualified for discontinued operations and the following table summarizes income from discontinued operations for the year ended December 31, 2017 ($ in thousands) (1) : Revenues $ 5,922 Expenses (1,491 ) Income from sales of real estate 508 Income from discontinued operations $ 4,939 _______________________________________________________________________________ (1) The transactions closed on April 14, 2017. Revenues primarily consisted of operating lease income and expenses primarily consisted of depreciation and amortization and real estate expense. The following table presents cash flows provided by operating activities and cash flows used in investing activities from discontinued operations for the year ended December 31, 2017 ($ in thousands). Cash flows provided by operating activities $ 5,702 Cash flows used in investing activities (534 )
Schedule of proceeds from other dispositions	The following table presents the proceeds and income recognized for properties sold, by property type ($ in millions): Years Ended December 31, 2019 2018 2017 Operating Properties (1) Proceeds $ 86.1 $ 327.9 $ 41.3 Income from sales of real estate 11.9 81.0 4.5 Net Lease (2) Proceeds $ 469.4 $ 79.7 $ 175.4 Income from sales of real estate 224.7 45.0 87.5 Total Proceeds $ 555.5 $ 407.6 $ 216.7 Income from sales of real estate 236.6 126.0 92.0 _______________________________________________________________________________ (1) During the year ended December 31, 2019 , the Company sold commercial and residential operating properties with an aggregate carrying value of $73.1 million and recognized $11.9 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations. During the year ended December 31, 2018 , the Company sold 10 commercial operating properties and residential condominium units from other properties and recognized $81.0 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations, of which $9.8 million was attributable to a noncontrolling interest at one of the properties. (2) During the year ended December 31, 2019 , the Company sold a portfolio of net lease assets with an aggregate carrying value of $220.4 million and recognized $219.7 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations. In connection with the sale of this portfolio of assets the buyer assumed a $228.0 million non-recourse mortgage. During the year ended December 31, 2018 , the Company sold five net lease assets and recognized $45.0 million of gains in "Income from sales of real estate" in the Company's consolidated statements of operations. During the year ended December 31, 2017, the Company sold one net lease property and recognized a gain on sale of $62.5 million . Prior to the sale, the Company acquired the noncontrolling interest with a carrying value of $3.5 million for $12.0 million .
Schedule of future minimum rental payments for operating leases	Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2019 , are as follows ($ in thousands): Year Net Lease Assets Operating Properties 2020 $ 141,993 $ 16,625 2021 141,763 16,293 2022 140,165 8,112 2023 131,998 7,822 2024 126,453 7,801 December 31, 2019 are as follows ($ in thousands): Operating (1)(2) Finance (1) 2020 $ 4,167 $ 5,386 2021 1,803 5,494 2022 1,098 5,604 2023 728 5,716 2024 617 5,830 Thereafter 1,447 1,573,824 Total undiscounted cash flows 9,860 1,601,854 Present value discount (1) (1,057 ) (1,454,105 ) Other adjustments (2) 25,379 — Lease liabilities $ 34,182 $ 147,749 _______________________________________________________________________________ (1) During the year ended December 31, 2019 , the Company made payments of $4.1 million related to its operating leases and $3.3 million related to its finance leases (refer to Note 4). The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 4.2 years and the weighted average discount rate was 5.6% . The weighted average lease term for the Company's finance leases was 93 years and the weighted average discount rate was 5.4% . (2) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under operating leases as of December 31, 2018 were as follows ($ in thousands): Operating (1) 2019 $ 4,340 2020 4,016 2021 1,589 2022 991 2023 849 Thereafter 2,469 _______________________________________________________________________________ (1) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations.

Net Investment in Leases (Table

Net Investment in Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of future minimum lease payments to be collected under sales-type leases	Future minimum lease payments to be collected under sales-type leases, excluding lease payments that are not fixed and determinable, in effect as of December 31, 2019 , are as follows by year ($ in thousands): Amount 2020 $ 27,565 2021 28,062 2022 30,549 2023 30,549 2024 30,549 Thereafter 894,745 Total undiscounted cash flows 1,042,019 Unguaranteed estimated residual value 340,620 Present value discount (963,724 ) Net investment in leases as of December 31, 2019 $ 418,915 Impairments— During the year ended December 31, 2019 , the Company recorded an impairment of $0.9 million in connection with the sale of a net lease property.

Land and Development (Tables)

Land and Development (Tables)	12 Months Ended
	Dec. 31, 2019
Land And Development [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, 2019 2018 Land and land development, at cost $ 590,153 $ 606,849 Less: accumulated depreciation (9,608 ) (8,631 ) Total land and development, net $ 580,545 $ 598,218

Loans Receivable and Other Le_2

Loans Receivable and Other Lending Investments, net (Tables)	12 Months Ended
	Dec. 31, 2019
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 2019 2018 Senior mortgages $ 572,584 $ 760,749 Corporate/Partnership loans 119,818 148,583 Subordinate mortgages 10,877 10,161 Total gross carrying value of loans 703,279 919,493 Reserves for loan losses (28,634 ) (53,395 ) Total loans receivable, net 674,645 866,098 Other lending investments (1) 153,216 122,126 Total loans receivable and other lending investments, net $ 827,861 $ 988,224 _______________________________________________________________________________ (1) As of December 31, 2019 , includes a $44.3 million financing receivable related to the acquisition of bowling centers from one of the Company's lessees (refer to Note 5).
Schedule of changes in the Company's reserve for loan losses	Changes in the Company's reserve for loan losses were as follows ($ in thousands): For the Years Ended December 31, 2019 2018 2017 Reserve for loan losses at beginning of period $ 53,395 $ 78,489 $ 85,545 Provision for (recovery of) loan losses 6,482 16,937 (5,828 ) Charge-offs (31,243 ) (42,031 ) (1,228 ) Reserve for loan losses at end of period $ 28,634 $ 53,395 $ 78,489 _______________________________________________________________________________ (1) During the year ended December 31, 2019, the Company charged-off $19.2 million from the specific reserve due to the resolution of a non-performing loan and $12.0 million due to the deterioration of the collateral on a separate non-performing loan.
Schedule of recorded investment in loans and associated reserve for loan losses	The Company's recorded investment in loans (comprised of a loan's carrying value plus accrued interest) and the associated reserve for loan losses were as follows ($ in thousands): Individually Evaluated for Impairment (1) Collectively Evaluated for Impairment (2) Total As of December 31, 2019 Loans $ 37,820 $ 668,769 $ 706,589 Less: Reserve for loan losses (21,701 ) (6,933 ) (28,634 ) Total (3) $ 16,119 $ 661,836 $ 677,955 As of December 31, 2018 Loans $ 66,725 $ 857,662 $ 924,387 Less: Reserve for loan losses (40,395 ) (13,000 ) (53,395 ) Total (3) $ 26,330 $ 844,662 $ 870,992 _______________________________________________________________________________ (1) The carrying value of these loans include unamortized discounts, premiums, deferred fees and costs totaling net discounts of $0.1 million and $0.5 million as of December 31, 2019 and 2018 , respectively. The Company's loans individually evaluated for impairment primarily represent loans on non-accrual status; 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 $0.7 million and $3.1 million as of December 31, 2019 and 2018 , respectively. (3) The Company's recorded investment in loans as of December 31, 2019 and 2018 includes accrued interest of $3.3 million and $4.9 million , respectively, which is included in "Accrued interest and operating lease income receivable, net" on the Company's consolidated balance sheets. As of December 31, 2019 , excludes a $44.3 million financing receivable (refer to Note 5). As of December 31, 2019 and 2018 , the total amounts exclude $108.9 million and $122.1 million , respectively, of securities that are evaluated for impairment under ASC 320.
Schedule of investment in performing loans, presented by class and by credit quality, as indicated by risk rating	The Company's recorded investment in performing loans, presented by class and by credit quality, as indicated by risk rating, was as follows ($ in thousands): As of December 31, 2019 2018 Performing Loans Weighted Average Risk Ratings Performing Loans Weighted Average Risk Ratings Senior mortgages $ 537,201 2.71 $ 697,807 2.76 Corporate/Partnership loans 120,658 2.83 149,663 2.84 Subordinate mortgages 10,910 3.00 10,192 3.00 Total $ 668,769 2.73 $ 857,662 2.77
Schedule of recorded investment in loans, aged by payment status and presented by class	The Company's recorded investment in loans, aged by payment status and presented by class, was as follows ($ in thousands): As of December 31, 2019 Current Less Than and Equal to 90 Days Greater Than 90 Days (1) Total Past Due Total Senior mortgages $ 537,201 $ — $ 37,820 $ 37,820 $ 575,021 Corporate/Partnership loans 120,658 — — — 120,658 Subordinate mortgages 10,910 — — — 10,910 Total $ 668,769 $ — $ 37,820 $ 37,820 $ 706,589 As of December 31, 2018 Senior mortgages $ 703,807 $ — $ 60,725 $ 60,725 $ 764,532 Corporate/Partnership loans 149,663 — — — 149,663 Subordinate mortgages 10,192 — — — 10,192 Total $ 863,662 $ — $ 60,725 $ 60,725 $ 924,387 _______________________________________________________________________________ (1) As of December 31, 2019, the Company had one loan which was greater than 90 days delinquent and was in various stages of resolution, including legal and environmental matters, and was 10.5 years outstanding. As of December 31, 2018, the Company had two loans which were greater than 90 days delinquent and were in various stages of resolution, including legal and foreclosure-related proceedings and environmental matters, and ranged from 4.0 to 9.0 years outstanding.
Schedule of recorded investment in impaired loans, presented by class	The Company's recorded investment in impaired loans, presented by class, was as follows ($ in thousands) (1) : As of December 31, 2019 As of December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With an allowance recorded: Senior mortgages $ 37,820 $ 37,923 $ (21,701 ) $ 66,725 $ 66,777 $ (40,395 ) Total $ 37,820 $ 37,923 $ (21,701 ) $ 66,725 $ 66,777 $ (40,395 ) _______________________________________________________________________________ (1) All of the Company's non-accrual loans are considered impaired and included in the table above.
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, was as follows ($ in thousands): For the Years Ended December 31, 2019 2018 2017 Average Interest Average Interest Average Recorded Investment Interest Income Recognized With no related allowance recorded: Subordinate mortgages $ — $ — $ — $ 301 $ 6,582 $ 1,127 Subtotal — — — 301 6,582 1,127 With an allowance recorded: Senior mortgages 38,556 — 67,041 — 82,749 — Corporate/Partnership loans — — 39,169 — 156,756 — Subtotal 38,556 — 106,210 — 239,505 — Total: Senior mortgages 38,556 — 67,041 — 82,749 — Corporate/Partnership loans — — 39,169 — 156,756 — Subordinate mortgages — — — 301 6,582 1,127 Total $ 38,556 $ — $ 106,210 $ 301 $ 246,087 $ 1,127
Schedule of other lending investments - securities	Other lending investments includes the following securities ($ in thousands): Face Value Amortized Cost Basis Net Unrealized Gain Estimated Fair Value Net Carrying Value As of December 31, 2019 Available-for-Sale Securities Municipal debt securities $ 21,140 $ 21,140 $ 2,756 $ 23,896 $ 23,896 Held-to-Maturity Securities Debt securities 100,000 84,981 — 84,981 84,981 Total $ 121,140 $ 106,121 $ 2,756 $ 108,877 $ 108,877 As of December 31, 2018 Available-for-Sale Securities Municipal debt securities $ 21,185 $ 21,185 $ 476 $ 21,661 $ 21,661 Held-to-Maturity Securities Debt securities 120,866 100,465 7 100,472 100,465 Total $ 142,051 $ 121,650 $ 483 $ 122,133 $ 122,126
Schedule of contractual maturities of the Company's securities	As of December 31, 2019 , 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 $ — $ — $ — $ — After one year through 5 years 84,981 84,981 — — After 5 years through 10 years — — — — After 10 years — — 21,140 23,896 Total $ 84,981 $ 84,981 $ 21,140 $ 23,896

Other Investments (Tables)

Other Investments (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, All Other Investments [Abstract]
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, 2019 2018 2019 2018 2017 Real estate equity investments Safehold Inc. ("SAFE") (1) $ 729,357 $ 149,589 $ 29,764 $ 4,711 $ 551 iStar Net Lease II LLC ("Net Lease Venture II") 30,712 16,215 (529 ) (333 ) — iStar Net Lease I LLC ("Net Lease Venture") (2) — — — 4,100 4,534 Other real estate equity investments (3) 104,553 130,955 12,620 (4,112 ) 6,520 Subtotal 864,622 296,759 41,855 4,366 11,605 Other strategic investments (4) 43,253 7,516 (6 ) (9,373 ) 1,410 Total $ 907,875 $ 304,275 $ 41,849 $ (5,007 ) $ 13,015 _______________________________________________________________________________ (1) As of December 31, 2019 , the Company owned 31.2 million shares of SAFE common stock which, based on the closing price of $40.30 on December 31, 2019 , had a market value of $1.3 billion . For the year ended December 31, 2019, equity in earnings includes a dilution gain of $7.6 million resulting from SAFE equity offerings during 2019. (2) The Company consolidated the assets and liabilities of the Net Lease Venture on June 30, 2018 (refer to Net Lease Venture below). (3) During the year ended December 31, 2019 , equity in earnings (losses) includes $19.3 million of income resulting primarily from the sale of properties at two of the Company's equity method investments. During the year ended December 31, 2018, the Company recorded a $6.1 million impairment on a land and development equity method investment due to a change in business strategy. (4) For the year ended December 31, 2018, equity in earnings (losses) includes a $10.0 million impairment on a foreign equity method investment due to local market conditions.
Summary of financial information of the equity method investments	The following table presents the investee level summarized financial information of the Company's equity method investments ($ in thousands): As of December 31, For the Years Ended December 31, 2019 2018 2019 2018 2017 Balance Sheets Income Statements Total assets $ 3,653,763 $ 2,118,045 Revenues $ 214,123 $ 262,970 $ 261,867 Total liabilities 1,918,034 1,016,502 Expenses (181,456 ) (187,257 ) (167,999 ) Noncontrolling interests 1,486 2,007 Net income attributable to parent entities 32,474 75,056 91,633 Total equity attributable to parent entities 1,734,243 1,099,536

Other Assets and Other Liabil_2

Other Assets and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 2018 Intangible assets, net (1) $ 174,973 $ 156,281 Finance lease right-of-use assets (2) 145,209 — Operating lease right-of-use assets (2) 34,063 — Other receivables (3) 16,846 46,887 Restricted cash 45,034 42,793 Other assets (4) 17,534 32,333 Leasing costs, net (5) 3,793 6,224 Corporate furniture, fixtures and equipment, net (6) 2,736 3,850 Deferred financing fees, net 2,300 900 Deferred expenses and other assets, net $ 442,488 $ 289,268 _______________________________________________________________________________ (1) Intangible assets, net includes above market and in-place lease assets and lease incentives related to the acquisition of real estate assets. Accumulated amortization on intangible assets, net was $33.4 million and $27.0 million as of December 31, 2019 and 2018 , respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $1.7 million , $2.2 million and $2.5 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. These intangible lease assets are amortized over the term of the lease. The amortization expense for in-place leases was $9.6 million , $7.2 million and $1.9 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations. As of December 31, 2019 , the weighted average amortization period for the Company's intangible assets was approximately 20.7 years . (2) Right-of-use lease assets relate primarily to the Company's leases of office space and certain of its ground leases. Right-of use lease assets initially equal the lease liability. The lease liability (see table below) equals the present value of the minimum rental payments due under the lease discounted at the rate implicit in the lease or the Company's incremental secured borrowing rate for similar collateral. For operating leases, lease liabilities were discounted at the Company's weighted average incremental secured borrowing rate for similar collateral estimated to be 5.3% and the weighted average lease term is 7.8 years. For finance leases, lease liabilities were discounted at a weighted average rate implicit in the lease of 5.5% and the weighted average lease term is 98.0 years. Right-of-use assets for finance leases are amortized on a straight-line basis over the term of the lease and are recorded in "Depreciation and amortization" in the Company's consolidated statements of operations. During the year ended December 31, 2019 , the Company recognized $5.1 million in "Interest expense" and $0.9 million in "Depreciation and amortization" in its consolidated statement of operations relating to finance leases. For operating leases, rent expense is recognized on a straight-line basis over the term of the lease and is recorded in "General and administrative" and "Real estate expense" in the Company's consolidated statements of operations (refer to Note 3). During the year ended December 31, 2019 , the Company recognized $3.6 million in "General and administrative" and $3.3 million in "Real estate expense" in its consolidated statement of operations relating to operating leases. (3) As of December 31, 2018 , includes $26.0 million of reimbursements receivable related to the construction and development of an operating property that was received in 2019. (4) Other assets primarily includes derivative assets, prepaid expenses and deposits for certain real estate assets. (5) Accumulated amortization of leasing costs was $3.3 million and $4.4 million as of December 31, 2019 and 2018 , respectively. (6) Accumulated depreciation on corporate furniture, fixtures and equipment was $13.1 million and $11.9 million as of December 31, 2019 and 2018 , respectively.
Schedule of accounts payable, accrued expenses and other liabilities	Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands): As of December 31, 2019 2018 Other liabilities (1) $ 81,709 $ 143,325 Finance lease liabilities (see table above) 147,749 — Operating lease liabilities (see table above) 34,182 — Accrued expenses 83,778 95,149 Accrued interest payable 25,733 42,669 Intangible liabilities, net (2) 51,223 35,108 Accounts payable, accrued expenses and other liabilities $ 424,374 $ 316,251 _______________________________________________________________________________ (1) As of December 31, 2019 and 2018, "Other liabilities" includes $27.5 million and $42.6 million , respectively, of deferred income. As of December 31, 2019 and 2018 , "Other liabilities" includes $0.1 million and $18.5 million , respectively, related to profit sharing arrangements with developers for certain properties sold. As of December 31, 2019 and 2018 , "Other liabilities" also includes $6.2 million and $9.4 million , respectively, related to tax increment financing bonds which were issued by government entities to fund development within two of the Company's land projects. The amount represents tax assessments associated with each project, which will decrease as the Company sells units or pays down the bonds. (2) Intangible liabilities, net includes below market lease liabilities related to the acquisition of real estate assets. Accumulated amortization on below market lease liabilities was $5.0 million and $2.8 million as of December 31, 2019 and 2018 , respectively. The amortization of below market lease liabilities increased operating lease income in the Company's consolidated statements of operations by $2.3 million , $3.9 million and $1.3 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. As of December 31, 2019 , the weighted average amortization period for the Company's intangible liabilities was approximately 18.3 years .
Schedule of expense from the amortization of lease intangible assets and liabilities	The estimated expense from the amortization of intangible assets for each of the five succeeding fiscal years is as follows ($ in thousands): 2020 $ 11,826 2021 11,796 2022 11,795 2023 11,641 2024 11,524

Loan Participations Payable, _2

Loan Participations Payable, net (Tables)	12 Months Ended
	Dec. 31, 2019
Transfers and Servicing [Abstract]
Schedule of Participating Mortgage Loans	The Company's loan participations payable, net were as follows ($ in thousands): Carrying Value as of December 31, 2019 December 31, 2018 Loan participations payable (1) $ 35,656 $ 22,642 Debt discounts and deferred financing costs, net (18 ) (158 ) Total loan participations payable, net $ 35,638 $ 22,484 _______________________________________________________________________________ (1) As of December 31, 2019 and 2018, the Company had one loan participation payable with an interest rate of 6.3% and 7.0% , respectively.

Debt Obligations, net (Tables)

Debt Obligations, net (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of debt obligations	The Company's debt obligations were as follows ($ in thousands): Carrying Value as of December 31, Stated Interest Rates Scheduled Maturity Date 2019 2018 Secured credit facilities and mortgages: 2015 $350 Million Revolving Credit Facility $ — $ — LIBOR + 2.25% (1) September 2022 Senior Term Loan 491,875 646,750 LIBOR + 2.75% (2) June 2023 Mortgages collateralized by net lease assets (3) 721,118 802,367 3.31% - 7.26% (3) Total secured credit facilities and mortgages 1,212,993 1,449,117 Unsecured notes: 5.00% senior notes (4) — 375,000 5.00% — 4.625% senior notes (5) — 400,000 4.625% — 6.50% senior notes (6) — 275,000 6.50% — 6.00% senior notes (7) 110,545 375,000 6.00% April 2022 5.25% senior notes (8) 400,000 400,000 5.25% September 2022 3.125% senior convertible notes (9) 287,500 287,500 3.125% September 2022 4.75% senior notes (10) 775,000 — 4.75% October 2024 4.25% senior notes (11) 550,000 — 4.25% August 2025 Total unsecured notes 2,123,045 2,112,500 Other debt obligations: Trust preferred securities 100,000 100,000 LIBOR + 1.50% October 2035 Total debt obligations 3,436,038 3,661,617 Debt discounts and deferred financing costs, net (48,958 ) (52,531 ) Total debt obligations, net (12) $ 3,387,080 $ 3,609,086 _______________________________________________________________________________ (1) 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 0.50% or (c) LIBOR plus 1.00% and subject to a margin ranging from 1.00% to 1.50% ; or (ii) LIBOR subject to a margin ranging from 2.00% to 2.50% . At maturity, the Company may convert outstanding borrowings to a one year term loan which matures in quarterly installments through September 2023. (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 0.50% or (c) LIBOR plus 1.00% and subject to a margin of 1.75% ; or (ii) LIBOR subject to a margin of 2.75% . (3) In June 2019, the buyer of a portfolio of net lease assets assumed a $228.0 million non-recourse mortgage (refer to Note 4). As of December 31, 2019 , the weighted average interest rate of these loans is 4.37% inclusive of the effect of interest rate swaps. (4) The Company prepaid these senior notes in March 2019 without penalty. (5) The Company prepaid these senior notes in October 2019 with a $6.0 million prepayment penalty. (6) The Company prepaid these senior notes in October 2019 with a $4.5 million prepayment penalty. (7) The Company partially prepaid these senior notes in December 2019 with a $10.1 million prepayment premium. The Company repaid the remaining senior notes in January 2020. (8) The Company can prepay these senior notes without penalty beginning September 15, 2021. (9) The Company's 3.125% senior convertible fixed rate notes due September 2022 (" 3.125% Convertible Notes") are convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding September 15, 2022. The conversion rate as of December 31, 2019 was 67.92 shares per $1,000 principal amount of 3.125% Convertible Notes, which equals a conversion price of $14.72 per share. Upon conversion, the Company will pay or deliver, as the case may be, a combination of cash and shares of its common stock. As such, at issuance in September 2017, the Company valued the liability component at $221.8 million , net of fees, and the equity component of the conversion feature at $22.5 million , net of fees, and recorded the equity component in "Additional paid-in capital" on the Company's consolidated balance sheet. In October 2017, the initial purchasers of the 3.125% Convertible Notes exercised their option to purchase an additional $37.5 million aggregate principal amount of the 3.125% Convertible Notes. At issuance, the Company valued the liability component at $34.0 million , net of fees, and the equity component of the conversion feature at $3.4 million , net of fees, and recorded the equity component in "Additional paid-in capital" on the Company's consolidated balance sheet. As of December 31, 2019 , the carrying value of the 3.125% Convertible Notes was $268.7 million , net of fees, and the unamortized discount of the 3.125% Convertible Notes was $15.5 million , net of fees. As of December 31, 2018, the carrying value of the 3.125% Convertible Notes was $262.6 million , net of fees, and the unamortized discount of the 3.125% Convertible Notes was $20.5 million , net of fees. During the years ended December 31, 2019 , 2018 and 2017, the Company recognized $9.0 million , $9.0 million and $2.5 million , respectively, of contractual interest and $5.0 million , $4.7 million and $1.3 million , respectively, of discount amortization on the 3.125% Convertible Notes. The effective interest rate for 2019, 2018 and 2017 was 5.2% . (10) The Company can prepay these senior notes without penalty beginning July 1, 2024. (11) The Company can prepay these senior notes without penalty beginning May 1, 2025. (12) The Company capitalized interest relating to development activities of $7.5 million , $11.3 million and $8.5 million for the years ended December 31, 2019 , 2018 and 2017 , respectively.
Schedule of future scheduled maturities of outstanding long-term debt obligations, net	As of December 31, 2019 , future scheduled maturities of outstanding debt obligations are as follows ($ in thousands): Unsecured Debt Secured Debt Total 2020 $ — $ — $ — 2021 — 159,083 159,083 2022 798,045 47,901 845,946 2023 — 491,875 491,875 2024 775,000 — 775,000 Thereafter 650,000 514,134 1,164,134 Total principal maturities 2,223,045 1,212,993 3,436,038 Unamortized discounts and deferred financing costs, net (41,228 ) (7,730 ) (48,958 ) Total debt obligations, net $ 2,181,817 $ 1,205,263 $ 3,387,080
Schedule of carrying value of encumbered assets by asset type	The carrying value of the Company's assets that are directly pledged or are held by subsidiaries whose equity is pledged as collateral to secure the Company's obligations under its secured debt facilities are as follows, by asset type ($ in thousands): As of December 31, 2019 2018 Collateral Assets (1) Non-Collateral Assets Collateral Assets (1) Non-Collateral Assets Real estate, net $ 1,409,585 $ 117,634 $ 1,620,008 $ 151,011 Real estate available and held for sale — 8,650 1,055 21,496 Net investment in leases 418,915 — — — Land and development, net — 580,545 12,300 585,918 Loans receivable and other lending investments, net (2)(3) 233,104 566,050 498,524 480,154 Other investments — 907,875 — 304,275 Cash and other assets — 814,044 — 1,329,990 Total $ 2,061,604 $ 2,994,798 $ 2,131,887 $ 2,872,844 _______________________________________________________________________________ (1) The Senior Term Loan and the Revolving Credit Facility are secured only by pledges of equity of certain of the Company's subsidiaries and not by pledges of the assets held by such subsidiaries. Such subsidiaries are subject to contractual restrictions under the terms of such credit facilities, including restrictions on incurring new debt (subject to certain exceptions). As of December 31, 2019 , Collateral Assets includes $438.7 million carrying value of assets held by entities whose equity interests are pledged as collateral for the Revolving Credit Facility that is undrawn as of December 31, 2019 . (2) As of December 31, 2019 and 2018 , the amounts presented exclude general reserves for loan losses of $6.9 million and $13.0 million , respectively. (3) As of December 31, 2019 and 2018 , the amounts presented exclude loan participations of $35.6 million and $22.5 million , respectively.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of unfunded commitments	As of December 31, 2019 , 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 and that 100% of its capital committed to Strategic Investments is drawn down, are as follows ($ in thousands): Loans and Other Lending Investments (1) Real Estate (2) Other Investments Total Performance-Based Commitments $ 225,600 $ 70,047 $ 131,380 $ 427,027 Strategic Investments — — 16,851 16,851 Total $ 225,600 $ 70,047 $ 148,231 $ 443,878 _______________________________________________________________________________ (1) Excludes $14.3 million of commitments on loan participations sold that are not the obligation of the Company. (2) Includes a commitment to invest up to $55.0 million in additional bowling centers over the next several years (refer to Note 5).
Schedule of future minimum rental payments for operating leases	Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2019 , are as follows ($ in thousands): Year Net Lease Assets Operating Properties 2020 $ 141,993 $ 16,625 2021 141,763 16,293 2022 140,165 8,112 2023 131,998 7,822 2024 126,453 7,801 December 31, 2019 are as follows ($ in thousands): Operating (1)(2) Finance (1) 2020 $ 4,167 $ 5,386 2021 1,803 5,494 2022 1,098 5,604 2023 728 5,716 2024 617 5,830 Thereafter 1,447 1,573,824 Total undiscounted cash flows 9,860 1,601,854 Present value discount (1) (1,057 ) (1,454,105 ) Other adjustments (2) 25,379 — Lease liabilities $ 34,182 $ 147,749 _______________________________________________________________________________ (1) During the year ended December 31, 2019 , the Company made payments of $4.1 million related to its operating leases and $3.3 million related to its finance leases (refer to Note 4). The weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 4.2 years and the weighted average discount rate was 5.6% . The weighted average lease term for the Company's finance leases was 93 years and the weighted average discount rate was 5.4% . (2) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under operating leases as of December 31, 2018 were as follows ($ in thousands): Operating (1) 2019 $ 4,340 2020 4,016 2021 1,589 2022 991 2023 849 Thereafter 2,469 _______________________________________________________________________________ (1) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations.

Risk Management and Derivativ_2

Risk Management and Derivatives (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
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, 2019 and 2018 ($ in thousands) (1) : Derivative Assets Derivative Liabilities As of December 31, 2019 Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives Designated in Hedging Relationships Interest rate swaps Deferred expenses and other assets, net $ 114 Accounts payable, accrued expenses and other liabilities $ 8,680 Total $ 114 $ 8,680 As of December 31, 2018 Derivatives Designated in Hedging Relationships Interest rate swaps Deferred expenses and other assets, net $ 3,669 Accounts payable, accrued expenses and other liabilities $ 10,244 Total $ 3,669 $ 10,244 ____________________________________________________________________________ (1) Over the next 12 months, the Company expects that $5.1 million related to cash flow hedges will be reclassified from "Accumulated other comprehensive income (loss)" as an increase to interest expense.
Schedule of derivative financial instruments on Consolidated Statements of Operations	The tables below present the effect of the Company's derivative financial instruments, including the Company's share of derivative financial instruments at certain of its equity method investments, in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) ($ in thousands): Derivatives Designated in Hedging Relationships Location of Gain (Loss) When Recognized in Income Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings For the Year Ended December 31, 2019 Interest rate swaps (1) Interest expense $ (21,165 ) $ (1,861 ) Interest rate swaps Earnings from equity method investments (21,417 ) (184 ) For the Year Ended December 31, 2018 Interest rate swaps Interest expense (12,963 ) (388 ) Interest rate swaps Earnings from equity method investments (1,736 ) 20 For the Year Ended December 31, 2017 Interest rate cap Earnings from equity method investments (16 ) (16 ) Interest rate swaps Interest expense 495 339 Interest rate swap Earnings from equity method investments 368 (285 ) Foreign exchange contracts Earnings from equity method investments (352 ) — ______________________________________________________________ (1) For the year ended December 31, 2019, $4.3 million of the loss recognized in accumulated other comprehensive income was attributable to a noncontrolling interest. Location of Gain or (Loss) Recognized in Income Amount of Gain or (Loss) Recognized in Income Derivatives not Designated in Hedging Relationships (1) For the Year Ended December 31, 2017 Interest rate cap Other expense $ 6 Foreign exchange contracts Other expense (970 ) ____________________________________________________________________________ (1) The Company did not have any derivatives not designated in hedging relationships during the years ended December 31, 2019 and 2018.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of cumulative redeemable and convertible perpetual preferred stock outstanding	The Company had the following series of Cumulative Redeemable and Convertible Perpetual Preferred Stock outstanding as of December 31, 2019 and 2018 : Cumulative Preferential Cash Dividends (1)(2) Carrying Value (in thousands) Series Shares Issued and Outstanding (in thousands) Par Value Liquidation Preference (3)(4) Rate per Annum Annual Dividend Rate (per share) December 31, 2019 December 31, 2018 D 4,000 $ 0.001 $ 25.00 8.00 % $ 2.00 $ 89,041 $ 89,041 G 3,200 0.001 25.00 7.65 % 1.91 72,664 72,664 I 5,000 0.001 25.00 7.50 % 1.88 120,785 120,785 J (convertible) (4) 4,000 0.001 50.00 4.50 % 2.25 — 193,510 Total 16,200 $ 282,490 $ 476,000 _______________________________________________________________________________ (1) Holders of shares of the Series D, G and I 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 , $6.1 million and $9.4 million on its Series D, G and I Cumulative Redeemable Preferred Stock during the years ended December 31, 2019 and 2018, respectively. The Company declared and paid dividends of $9.0 million and $9.0 million on its Series J Convertible Perpetual Preferred Stock during the years ended December 31, 2019 and 2018 , respectively. The character of the 2019 dividends was 100% capital gain distribution, of which 34.01% represented unrecaptured section 1250 gain. The character of the 2018 dividends was 100% capital gain distribution, of which 26.02% represented unrecaptured section 1250 gain and 73.98% long term capital gain. There are no dividend arrearages on any of the preferred shares currently outstanding. (3) The Company may, at its option, redeem the Series G and I 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 $25.00 per share, plus accrued and unpaid dividends, if any, to the redemption date. (4) The Company redeemed all of its Series J Preferred Stock in December 2019.
Accumulated other comprehensive income (loss) reflected in the Company's shareholders' equity	"Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands): As of December 31, 2019 2018 Unrealized gains on available-for-sale securities $ 2,756 $ 475 Unrealized losses on cash flow hedges (37,264 ) (13,546 ) Unrealized losses on cumulative translation adjustment (4,199 ) (4,199 ) Accumulated other comprehensive loss $ (38,707 ) $ (17,270 )

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans and Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Schedule of performance incentive plans	The following is a summary of the status of the Company’s liability-classified iPIP plans and changes during the year ended December 31, 2019. iPIP Investment Pool 2013-2014 2015-2016 2017-2018 Points at beginning of period 85.77 79.41 82.43 Granted — — — Forfeited (4.60 ) (6.13 ) (5.16 ) Points at end of period 81.17 73.28 77.27
Schedule of changes in non-vested restricted stock units	Changes in non-vested restricted stock units ("Units") during the year ended December 31, 2019 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, 2018 357 $ 10.68 $ 3,277 Granted 485 $ 8.84 Vested (153 ) $ 11.12 Forfeited (91 ) $ 9.99 Non-vested as of December 31, 2019 598 $ 9.18 $ 8,688

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 2018 2017 Income (loss) from continuing operations $ 334,325 $ (18,326 ) $ 51,851 Net income attributable to noncontrolling interests (10,283 ) (13,936 ) (4,526 ) Preferred dividends (32,495 ) (32,495 ) (48,444 ) Premium above book value on redemption of preferred stock — — (16,314 ) Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders for basic earnings per common share $ 291,547 $ (64,757 ) $ (17,433 ) Add: Effect of Series J convertible perpetual preferred stock 9,000 — — Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders for diluted earnings per common share $ 300,547 $ (64,757 ) $ (17,433 )
Schedule of earnings per share allocable to common shares and HPU shares	For the Years Ended December 31, 2019 2018 2017 Earnings allocable to common shares: Numerator for basic earnings per share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ 291,547 $ (64,757 ) $ (17,433 ) Income from discontinued operations — — 4,939 Gain from discontinued operations — — 123,418 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ 291,547 $ (64,757 ) $ 110,924 Numerator for diluted earnings per share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ 300,547 $ (64,757 ) $ (17,433 ) Income from discontinued operations — — 4,939 Gain from discontinued operations — — 123,418 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ 300,547 $ (64,757 ) $ 110,924 Denominator for basic and diluted earnings per share: Weighted average common shares outstanding for basic earnings per common share 64,696 67,958 71,021 Add: Effect of assumed shares issued under treasury stock method for restricted stock units 146 — — Add: Effect of series J convertible perpetual preferred stock 15,824 — — Weighted average common shares outstanding for diluted earnings per common share 80,666 67,958 71,021 Basic earnings per common share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ 4.51 $ (0.95 ) $ (0.25 ) Income from discontinued operations — — 0.07 Gain from discontinued operations — — 1.74 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ 4.51 $ (0.95 ) $ 1.56 Diluted earnings per common share: Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders $ 3.73 $ (0.95 ) $ (0.25 ) Income from discontinued operations — — 0.07 Gain from discontinued operations — — 1.74 Net income (loss) attributable to iStar Inc. and allocable to common shareholders $ 3.73 $ (0.95 ) $ 1.56
Schedule of anti-dilutive shares	For the years ended December 31, 2019 , 2018 and 2017 , the following shares were not included in the diluted EPS calculation because they were anti-dilutive (in thousands) (1)(2)(3) : For the Years Ended December 31, 2019 2018 2017 Joint venture shares — — 255 Series J convertible perpetual preferred stock — 15,704 15,635 _______________________________________________________________________________ (1) For the year ended December 31, 2017, the effect of 6 and 17 unvested time and market-based Units, respectively, were anti-dilutive due to the Company having a net loss for the period. (2) For the year ended December 31, 2018, the effect of the Company's unvested Units, CSEs and restricted stock awards were anti-dilutive due to the Company having a net loss for the period. (3) The Company will settle conversions of the 3.125% Convertible Notes by paying the conversion value in cash up to the original principal amount of the notes being converted and shares of common stock to the extent of any conversion premium. The amount of cash and shares of common stock, if any, due upon conversion will be based on a daily conversion value calculated for each trading day in a 40 consecutive day observation period. Based upon the conversion price of the 3.125% Convertible Notes, no shares of common stock would have been issuable upon conversion of the 3.125% Convertible Notes for the years ended December 31, 2019, 2018, and 2017, and therefore the 3.125% Convertible Notes had no effect on diluted EPS for such periods.

Fair Values (Tables)

Fair Values (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 Recurring basis: Derivative assets (1) $ 114 $ — $ 114 $ — Derivative liabilities (1) 8,680 — 8,680 — Available-for-sale securities (1) 23,896 — — 23,896 Non-recurring basis: Impaired land and development (2) 40,000 — — 40,000 As of December 31, 2018 Recurring basis: Derivative assets (1) $ 3,669 $ — $ 3,669 $ — Derivative liabilities (1) 10,244 — 10,244 — Available-for-sale securities (1) $ 21,661 $ — $ — $ 21,661 Non-recurring basis: Impaired real estate (3) 29,400 — — 29,400 Impaired real estate available and held for sale (4) 19,300 — — 19,300 Impaired land and development (5) 78,400 — — 78,400 _______________________________________________________________________________ (1) The fair value of the Company's derivatives are based upon widely accepted valuation techniques utilized by a third-party specialist using observable inputs such as interest rates and contractual cash flow and are classified as Level 2. The fair value of the Company's available-for-sale securities are based upon unadjusted third-party broker quotes and are classified as Level 3. (2) The Company recorded aggregate impairments of $5.3 million on two land and development assets with an estimated aggregate fair value of $40.0 million . The estimated fair values are based on expected sales proceeds. (3) The Company recorded aggregate impairments of $76.3 million on three real estate assets with an estimated aggregate fair value of $29.4 million . The impairments were as follows: i. A $23.2 million impairment on a commercial operating property based on a decline in expected operating performance. The fair value is based on the Company's estimate of the recoverability of its investment in the project. ii. A $6.0 million impairment on a property based on a strategic decision to sell the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. iii. A $47.1 million impairment on a commercial operating property based on a strategic decision to sell the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. (4) The Company recorded aggregate impairments of $3.7 million on two real estate assets held for sale. The fair values are based on market comparable sales. (5) The Company recorded aggregate impairments of $55.4 million on four land and development assets with an estimated aggregate fair value of $78.4 million . The impairments were as follows: i. A $25.0 million impairment on a waterfront land and development asset based on a strategic decision to sell the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. ii. A $21.6 million impairment on a master planned community based on a strategic decision to sell the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. iii. A $6.9 million impairment on an infill land and development asset based on the deterioration of the asset. The fair value is based on purchase offers received from third parties, which is consistent with the Company's estimate of fair value. iv. A $1.9 million impairment on a waterfront land and development asset based on the sale of the asset in 2019.
Summary of changes in Level 3 available-for-sale securities reported at fair value	The following table summarizes changes in Level 3 available-for-sale securities reported at fair value on the Company's consolidated balance sheets for the years ended December 31, 2019 and 2018 ($ in thousands): 2019 2018 Beginning balance $ 21,661 $ 22,842 Repayments (45 ) (46 ) Unrealized gains (losses) recorded in other comprehensive income 2,280 (1,135 ) Ending balance $ 23,896 $ 21,661

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 Operating lease income $ — $ 177,679 $ 28,423 $ 286 $ — $ 206,388 Interest income 75,636 2,018 — — — 77,654 Interest income from sales-type leases — 20,496 — — — 20,496 Other income 4,946 16,718 17,384 7,838 8,477 55,363 Land development revenue — — — 119,595 — 119,595 Earnings (losses) from equity method investments — 29,235 8,298 4,322 (6 ) 41,849 Selling profit from sales-type leases — 180,416 — — — 180,416 Income from sales of real estate — 224,654 11,969 — — 236,623 Total revenue and other earnings 80,582 651,216 66,074 132,041 8,471 938,384 Real estate expense — (24,786 ) (35,322 ) (32,318 ) — (92,426 ) Land development cost of sales — — — (109,663 ) — (109,663 ) Other expense (462 ) — — — (12,658 ) (13,120 ) Allocated interest expense (29,587 ) (95,154 ) (10,249 ) (20,706 ) (28,223 ) (183,919 ) Allocated general and administrative (2) (8,254 ) (25,990 ) (2,887 ) (11,957 ) (19,085 ) (68,173 ) Segment profit (loss) (3) $ 42,279 $ 505,286 $ 17,616 $ (42,603 ) $ (51,495 ) $ 471,083 Other significant items: Provision for loan losses $ 6,482 $ — $ — $ — $ — $ 6,482 Impairment of assets — 2,471 3,853 6,427 668 13,419 Depreciation and amortization — 51,091 4,977 977 1,214 58,259 Capitalized expenditures — 31,445 5,617 99,031 — 136,093 Year Ended December 31, 2018 Operating lease income $ — $ 151,958 $ 55,677 $ 557 $ — $ 208,192 Interest income 97,878 — — — — 97,878 Other income 4,556 4,286 54,361 7,320 11,819 82,342 Land development revenue — — — 409,710 — 409,710 Earnings (losses) from equity method investments — 8,479 (1,003 ) (3,110 ) (9,373 ) (5,007 ) Gain from consolidation of equity method investment — 67,877 — — — 67,877 Income from sales of real estate — 45,038 80,966 — — 126,004 Total revenue and other earnings 102,434 277,638 190,001 414,477 2,446 986,996 Real estate expense — (17,033 ) (80,570 ) (41,686 ) — (139,289 ) Land development cost of sales — — — (350,181 ) — (350,181 ) Other expense (1,578 ) — — — (4,462 ) (6,040 ) Allocated interest expense (40,653 ) (63,706 ) (18,618 ) (21,897 ) (38,877 ) (183,751 ) Allocated general and administrative (2) (12,997 ) (20,713 ) (6,574 ) (14,313 ) (19,975 ) (74,572 ) Segment profit (loss) (3) $ 47,206 $ 176,186 $ 84,239 $ (13,600 ) $ (60,868 ) $ 233,163 Other significant non-cash items: Provision for loan losses $ 16,937 $ — $ — $ — $ — $ 16,937 Impairment of assets — 10,391 79,991 56,726 — 147,108 Depreciation and amortization — 38,588 17,417 1,353 1,341 58,699 Capitalized expenditures — 40,215 19,912 144,595 — 204,722 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total Year Ended December 31, 2017 Operating lease income $ — $ 123,685 $ 63,159 $ 840 $ — $ 187,684 Interest income 106,548 — — — — 106,548 Other income 2,633 2,603 49,641 126,259 6,955 188,091 Land development revenue — — — 196,879 — 196,879 Earnings (losses) from equity method investments — 5,086 (772 ) 7,292 1,409 13,015 Income from discontinued operations — 4,939 — — — 4,939 Gain from discontinued operations — 123,418 — — — 123,418 Income from sales of real estate — 87,512 4,537 — — 92,049 Total revenue and other earnings 109,181 347,243 116,565 331,270 8,364 912,623 Real estate expense — (16,742 ) (89,725 ) (41,150 ) — (147,617 ) Land development cost of sales — — — (180,916 ) — (180,916 ) Other expense (1,413 ) — — — (19,541 ) (20,954 ) Allocated interest expense (40,359 ) (53,710 ) (20,171 ) (28,033 ) (52,413 ) (194,686 ) Allocated general and administrative (2) (15,223 ) (19,563 ) (8,075 ) (16,483 ) (20,726 ) (80,070 ) Segment profit (loss) (3) $ 52,186 $ 257,228 $ (1,406 ) $ 64,688 $ (84,316 ) $ 288,380 Other significant non-cash items: Recovery of loan losses $ (5,828 ) $ — $ — $ — $ — $ (5,828 ) Impairment of assets — 5,486 6,358 20,535 — 32,379 Depreciation and amortization — 28,132 17,684 1,896 1,321 49,033 Capitalized expenditures — 4,838 35,754 125,744 — 166,336 Real Estate Finance Net Lease Operating Properties Land and Development Corporate/Other (1) Company Total As of December 31, 2019 Real estate Real estate, net $ — $ 1,327,082 $ 200,137 $ — $ — $ 1,527,219 Real estate available and held for sale — — 8,650 — — 8,650 Total real estate — 1,327,082 208,787 — — 1,535,869 Net investment in leases — 418,915 — — — 418,915 Land and development, net — — — 580,545 — 580,545 Loans receivable and other lending investments, net 783,522 44,339 — — — 827,861 Other investments — 760,068 61,686 42,866 43,255 907,875 Total portfolio assets $ 783,522 $ 2,550,404 $ 270,473 $ 623,411 $ 43,255 4,271,065 Cash and other assets 814,044 Total assets $ 5,085,109 As of December 31, 2018 Real estate Real estate, net $ — $ 1,536,494 $ 234,525 $ — $ — $ 1,771,019 Real estate available and held for sale — 1,055 21,496 — — 22,551 Total real estate — 1,537,549 256,021 — — 1,793,570 Land and development, net — — — 598,218 — 598,218 Loans receivable and other lending investments, net 988,224 — — — — 988,224 Other investments — 165,804 65,643 65,312 7,516 304,275 Total portfolio assets $ 988,224 $ 1,703,353 $ 321,664 $ 663,530 $ 7,516 3,684,287 Cash and other assets 1,329,990 Total assets $ 5,014,277 _______________________________________________________________________________ (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 $30.4 million , $17.6 million and $18.8 million for the years ended December 31, 2019 , 2018 and 2017 , respectively. (3) The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Years Ended December 31, 2019 2018 2017 Segment profit $ 471,083 $ 233,163 $ 288,380 Add/Less: (Provision for) recovery of loan losses (6,482 ) (16,937 ) 5,828 Less: Impairment of assets (13,419 ) (147,108 ) (32,379 ) Less: Depreciation and amortization (58,259 ) (58,699 ) (49,033 ) Less: Stock-based compensation expense (30,436 ) (17,563 ) (18,812 ) Less: Income tax (expense) benefit (438 ) (815 ) 948 Less: Loss on early extinguishment of debt, net (27,724 ) (10,367 ) (14,724 ) Net income (loss) $ 334,325 $ (18,326 ) $ 180,208
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, 2019 2018 2017 Segment profit $ 471,083 $ 233,163 $ 288,380 Add/Less: (Provision for) recovery of loan losses (6,482 ) (16,937 ) 5,828 Less: Impairment of assets (13,419 ) (147,108 ) (32,379 ) Less: Depreciation and amortization (58,259 ) (58,699 ) (49,033 ) Less: Stock-based compensation expense (30,436 ) (17,563 ) (18,812 ) Less: Income tax (expense) benefit (438 ) (815 ) 948 Less: Loss on early extinguishment of debt, net (27,724 ) (10,367 ) (14,724 ) Net income (loss) $ 334,325 $ (18,326 ) $ 180,208

Quarterly Financial Informati_2

Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019: Revenue $ 128,888 $ 145,338 $ 98,468 $ 106,802 Net income (loss) $ (36,022 ) $ 3,626 $ 373,691 $ (6,970 ) Net income (loss) attributable to iStar Inc. $ (38,137 ) $ 781 $ 370,839 $ (9,441 ) Earnings per common share data (1) : Net income (loss) attributable to common shareholders Basic $ (46,260 ) $ (7,343 ) $ 362,715 $ (17,565 ) Diluted $ (46,260 ) $ (7,343 ) $ 364,965 $ (17,565 ) Earnings per share Basic $ (0.71 ) $ (0.12 ) $ 5.67 $ (0.26 ) Diluted $ (0.71 ) $ (0.12 ) $ 4.55 $ (0.26 ) Weighted average number of common shares Basic 64,910 62,168 64,019 67,747 Diluted 64,910 62,168 80,259 67,747 2018: Revenue $ 140,165 $ 122,141 $ 171,571 $ 364,245 Net income (loss) $ (105,028 ) $ (8,832 ) $ 60,506 $ 35,028 Net income (loss) attributable to iStar Inc. $ (107,332 ) $ (10,860 ) $ 50,997 $ 34,933 Earnings per common share data (1) : Net income (loss) attributable to common shareholders Basic $ (115,455 ) $ (18,984 ) $ 42,873 $ 26,809 Diluted $ (115,455 ) $ (18,984 ) $ 45,123 $ 29,059 Earnings per share Basic $ (1.70 ) $ (0.28 ) $ 0.63 $ 0.39 Diluted $ (1.70 ) $ (0.28 ) $ 0.54 $ 0.35 Weighted average number of common shares Basic 68,012 67,975 67,932 67,913 Diluted 68,012 67,975 83,694 83,670 _______________________________________________________________________________ (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.

Business and Organization (Deta

Business and Organization (Details) $ in Billions	Dec. 31, 2019USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Investment across a range of real estate sectors over the past two decades	$ 40

Basis of Presentation and Pri_3

Basis of Presentation and Principles of Consolidation (VIEs) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Real estate
Less: accumulated depreciation	$ (233,860)	$ (305,314)
Real estate, net	1,527,219	1,771,019
Land and development, net	580,545	598,218
Other investments	907,875	304,275
Cash and cash equivalents	307,172	931,751	$ 657,688	$ 328,744
Accrued interest and operating lease income receivable, net	10,162	10,669
Deferred operating lease income receivable, net	54,222	98,302
Deferred expenses and other assets, net	442,488	289,268
Total assets	5,085,109	5,014,277
LIABILITIES
Accounts payable, accrued expenses and other liabilities	424,374	316,251
Debt obligations, net	3,387,080	3,609,086
Total liabilities	3,847,149	3,950,162
Consolidated VIEs
Real estate
Real estate, at cost	891,000	848,052
Less: accumulated depreciation	(37,542)	(15,365)
Real estate, net	853,458	832,687
Land and development, net	273,617	279,031
Other investments	45	72
Cash and cash equivalents	19,112	25,219
Accrued interest and operating lease income receivable, net	1,208	1,302
Deferred operating lease income receivable, net	19,547	8,972
Deferred expenses and other assets, net	134,117	167,324
Total assets	1,301,104	1,314,607
LIABILITIES
Accounts payable, accrued expenses and other liabilities	107,455	106,907
Debt obligations, net	482,918	485,000
Total liabilities	590,373	$ 591,907
Unconsolidated VIEs
LIABILITIES
Carrying value of the investments	115,200
Variable interest entity unfunded commitment	$ 14,800

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Adoption of New Accounting Standards) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 34,063
Lease liabilities	34,182
Finance lease right-of-use asset	145,209
Lease liabilities	147,749
ASU No. 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 31,600
Lease liabilities		$ 31,600
Finance lease right-of-use asset	145,200
Lease liabilities	$ 147,700

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Real Estate and Land Development) (Details)	12 Months Ended
	Dec. 31, 2019
Facilities
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 Accoun_6

Summary of Significant Accounting Policies (Cash, Cash Equivalents and Restricted Cash) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and cash equivalents	$ 307,172	$ 931,751	$ 657,688	$ 328,744
Restricted cash included in deferred expenses and other assets, net	45,034	42,793	20,045	25,883
Total cash, cash equivalents and restricted cash reported in the consolidated statements of cash flows	$ 352,206	$ 974,544	$ 677,733	$ 354,627

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Revenue Recognition) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Real Estate Tenant Receivables
Financing Receivable, Impaired [Line Items]
Allowance for doubtful accounts receivable		$ 1	$ 1.5
Deferred Operating Lease
Financing Receivable, Impaired [Line Items]
Allowance for doubtful accounts receivable		$ 1	$ 1.8
Real Estate Sales | Lennar
Financing Receivable, Impaired [Line Items]
Interest income from settlement of real estate tax reimbursements	$ 123.4

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Entity Information [Line Items]
Assets with foreclosure elections	$ 39,600
Operating loss carryforwards		$ 567,700
Total income tax (expense) benefit	(438)	(815)	$ 948
Taxable REIT Subsidiaries
Entity Information [Line Items]
Operating loss carryforwards	32,500	25,600
Assets owned taxable subsidiaries	752,000
Current tax benefit (expense)	(35)	(447)	531
Total income tax (expense) benefit	(35)	(447)	531
Income (loss) of subsidiaries	31,600	25,900	33,100
Deferred tax assets	79,645	78,107
Valuation allowance	(79,645)	(78,107)
Net deferred tax assets (liabilities)	0	0
Real estate asset basis differences	32,900	35,300
Deferred expenses and other items	11,900	17,200
Other credits	2,300
REIT
Entity Information [Line Items]
Current tax benefit (expense)	(400)	(500)	400
Income taxes paid	$ 400	$ 2,000	$ 6,000

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (New accounting pronouncements) (Details) $ in Millions	Jan. 01, 2020USD ($)
Accounting Standards Update 2016-13 | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Increase to general reserve	$ 12

Real Estate (Schedule of Real E

Real Estate (Schedule of Real Estate Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	May 31, 2019	Dec. 31, 2018
Real Estate Properties [Line Items]
Real estate, net	$ 1,527,219		$ 1,771,019
Real estate available and held for sale	8,650		22,551
Total real estate	1,535,869		1,793,570
Net investment in leases	418,915	$ 424,100	0
Real estate assets derecognized at inception of sales-type lease		$ 193,400
Net Lease
Real Estate Properties [Line Items]
Land, at cost	199,710		336,740
Buildings and improvements, at cost	1,347,321		1,487,270
Less: accumulated depreciation	(219,949)		(287,516)
Real estate, net	1,327,082		1,536,494
Real estate available and held for sale	0		1,055
Total real estate	1,327,082		1,537,549
Operating Properties
Real Estate Properties [Line Items]
Land, at cost	106,187		133,599
Buildings and improvements, at cost	107,861		118,724
Less: accumulated depreciation	(13,911)		(17,798)
Real estate, net	200,137		234,525
Real estate available and held for sale	8,650		21,496
Total real estate	208,787		256,021
Real Estate Properties
Real Estate Properties [Line Items]
Land, at cost	305,897		470,339
Buildings and improvements, at cost	1,455,182		1,605,994
Less: accumulated depreciation	(233,860)		(305,314)
Real estate, net	1,527,219		1,771,019
Real estate available and held for sale	8,650		22,551
Total real estate	1,535,869		1,793,570
Residential Operating Properties
Real Estate Properties [Line Items]
Real estate available and held for sale	$ 8,600		$ 20,600

Real Estate (Real Estate Availa

Real Estate (Real Estate Available and Held for Sale) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate Properties [Line Items]
Property transferred to held for sale, aggregate, carrying value	$ 200.4	$ 31.3	$ 21
Operating Properties
Real Estate Properties [Line Items]
Property transferred to held for sale, aggregate, carrying value	14.5	23.2	20.1
Net Lease
Real Estate Properties [Line Items]
Property transferred to held for sale, aggregate, carrying value	$ 185.9	$ 8.1	$ 0.9

Real Estate (Acquisitions) (Det

Real Estate (Acquisitions) (Details) $ in Thousands	1 Months Ended			12 Months Ended
	Aug. 31, 2019	May 31, 2019USD ($)	Feb. 28, 2019	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)lease_asset	Dec. 31, 2017USD ($)
Real Estate Properties [Line Items]
Acquisitions of real estate assets		$ 56,700		$ 240,487	$ 19,454	$ 6,600
Number of net lease assets | lease_asset					2
Net Lease Asset
Real Estate Properties [Line Items]
Acquisitions of real estate assets				11,500	$ 14,800
Lease Hold Interest
Real Estate Properties [Line Items]
Acquisitions of real estate assets				98,200
Safehold Inc.
Real Estate Properties [Line Items]
Ground lease term (in years)	99 years		98 years
net lease asset two [Member]
Real Estate Properties [Line Items]
Acquisitions of real estate assets				$ 110,600

Real Estate (Disposition of Gro

Real Estate (Disposition of Ground Lease Business) (Details)	Jan. 02, 2019USD ($)	Jun. 30, 2018USD ($)	Apr. 30, 2017USD ($)propertylease	Jan. 02, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)lease_asset	Dec. 31, 2017USD ($)	Jan. 01, 2018USD ($)	Mar. 31, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of net lease assets | lease_asset						2
Net proceeds from sales of real estate		$ 36,100,000
Payments to acquire equity method investments	$ 250,000,000				$ 656,720,000	$ 94,578,000	$ 224,219,000
Gain on sale of discontinued operation					$ 0	$ 0	$ 123,418,000
Increase to retained earnings upon adoption of new accounting standard								$ 75,869,000
ASU No. 2017-05
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Increase to retained earnings upon adoption of new accounting standard								$ 55,500,000
SAFE
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Payments to acquire equity method investments			$ 55,500,000
Safety, Income and Growth, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Carrying value of lease assets			$ 161,100,000
Secured Debt | 2017 Secured Financing
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Debt instrument amount									$ 227,000,000
Ground Net Lease Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties | property			12
Number of net lease assets | lease			7
Number of master leases | lease			1
Number of properties covered under master lease agreement | property			5
Net proceeds from sales of real estate			$ 113,000,000
Gain on sale of discontinued operation			$ 123,400,000	$ 178,900,000

Real Estate (Discontinued Opera

Real Estate (Discontinued Operations) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash flows provided by operating activities	$ 5,702
Cash flows used in investing activities	(534)
Ground Net Lease Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	5,922
Expenses	(1,491)
Income from sales of real estate	508
Income from discontinued operations	$ 4,939

Real Estate (Other Dispositions

Real Estate (Other Dispositions) (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)property	Dec. 31, 2017USD ($)property
Other Dispositions by Property Type
Proceeds			$ 329,971	$ 411,786	$ 314,013
Income from sales of real estate		$ 24,500	236,623	126,004	92,049
Total
Other Dispositions by Property Type
Proceeds			555,500	407,600	216,700
Income from sales of real estate			236,600	126,000	92,000
Operating Properties
Other Dispositions by Property Type
Proceeds			86,100	327,900	41,300
Income from sales of real estate			11,900	$ 81,000	4,500
Aggregate carrying value of property sold			73,100
Number of properties sold | property				10
Operating Properties, Noncontrolling Interest
Other Dispositions by Property Type
Income from sales of real estate				$ 9,800
Net Lease
Other Dispositions by Property Type
Proceeds			469,400	79,700	175,400
Income from sales of real estate			224,700	$ 45,000	$ 87,500
Aggregate carrying value of property sold			220,400
Number of properties sold | property				5	1
Non-recourse debt assumed by buyer	$ 228,000		228,000
Noncontrolling interest at carrying value					$ 3,500
Payments for repurchase of redeemable noncontrolling interest					12,000
Income from sales of real estate | Operating Properties
Other Dispositions by Property Type
Income from sales of real estate			11,900
Income from sales of real estate | Net Lease
Other Dispositions by Property Type
Income from sales of real estate			$ 219,700
Net Lease Asset One | Net Lease
Other Dispositions by Property Type
Income from sales of real estate					$ 62,500

Real Estate (Impairments) (Deta

Real Estate (Impairments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate [Abstract]
Impairment of real estate	$ 5.4	$ 90.4	$ 11.9

Real Estate (Tenant Reimburseme

Real Estate (Tenant Reimbursements) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Real Estate [Abstract]
Tenant reimbursements	$ 21.2	$ 22.4	$ 21.9

Real Estate (Allowance for Doub

Real Estate (Allowance for Doubtful Accounts) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Real Estate Tenant Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts receivable	$ 1	$ 1.5
Deferred Operating Lease
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts receivable	$ 1	$ 1.8

Real Estate (Future Minimum Ope

Real Estate (Future Minimum Operating Lease Payments (Details) $ in Thousands	Dec. 31, 2019USD ($)
Net Lease
Future Minimum Operating Lease Payments Receivable
2020	$ 141,993
2021	141,763
2022	140,165
2023	131,998
2024	126,453
Operating Properties
Future Minimum Operating Lease Payments Receivable
2020	16,625
2021	16,293
2022	8,112
2023	7,822
2024	$ 7,801

Net Investment in Leases (Narra

Net Investment in Leases (Narrative) (Details) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2019USD ($)property	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Repurchase Agreement Counterparty [Line Items]
Payments to acquire real estate assets	$ 56,700	$ 240,487	$ 19,454	$ 6,600
Number of properties acquired from lessee | property	7
Purchase price for properties acquired from lessee	$ 44,100	44,300
Extension of existing master net leases (in years)	15 years
Net investment in leases	$ 424,100	418,915	$ 0
Real estate assets derecognized at inception of sales-type lease	193,400
Deferred operating lease income receivable derecognized at inception of sales-type lease	25,400
Deferred expenses and other assets derecognized at inception of sales-type lease	13,400
Accounts payable, accrued expenses, and other liabilities derecognized at inception of sales-type lease	$ 1,900
Selling profit from sales-type leases		180,416
Interest income from sales-type leases		20,500
Impairment of real estate		900
Bowling Entertainment Venue Operator
Repurchase Agreement Counterparty [Line Items]
Number of properties acquired from lessee | property	9
Bowling Center Commitment | Bowling Entertainment Venue Operator
Repurchase Agreement Counterparty [Line Items]
Commitment to invest additional bowling centers	$ 55,000	$ 55,000
Loans Receivable And Other Lending Investments, Net
Repurchase Agreement Counterparty [Line Items]
Purchase price for properties acquired from lessee	$ 44,100

Net Investment in Leases (Futur

Net Investment in Leases (Future Minimum Lease Payments to be Collected Under Sales-Type Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	May 31, 2019	Dec. 31, 2018
Leases [Abstract]
2020	$ 27,565
2021	28,062
2022	30,549
2023	30,549
2024	30,549
Thereafter	894,745
Total undiscounted cash flows	1,042,019
Unguaranteed estimated residual value	340,620
Present value discount	(963,724)
Net investment in leases as of December 31, 2019	$ 418,915	$ 424,100	$ 0

Land and Development (Schedule

Land and Development (Schedule of Land and Development Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real Estate Properties [Line Items]
Total land and development, net	$ 580,545	$ 598,218
Land
Real Estate Properties [Line Items]
Land and land development, at cost	590,153	606,849
Less: accumulated depreciation	(9,608)	(8,631)
Total land and development, net	$ 580,545	$ 598,218

Land and Development (Acquisiti

Land and Development (Acquisitions, Dispositions, Impairments) (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)land_asset	Dec. 31, 2018USD ($)aparcelland_asset	Dec. 31, 2017USD ($)aland_asset
Real Estate Properties [Line Items]
Increase in net lease assets upon consolidation of equity method investment									$ 0	$ 844,550	$ 0
Revenue	$ 128,888	$ 145,338	$ 98,468	$ 106,802	$ 140,165	$ 122,141	$ 171,571	$ 364,245	479,496	$ 798,122	$ 679,202
Number of land parcels sold | parcel										2
Area of land parcels sold (in acres) | a										93
Impairment of land and development assets, expected sales proceeds									$ 5,300
Number of land and development assets impaired | land_asset									2	5	1
Impairment of land and development assets, change in business strategy									$ 1,100
Impairment of land and development assets										$ 56,700	$ 20,500
Other Real Estate Equity Investment Dec 2016
Real Estate Properties [Line Items]
iStar's ownership percentage	50.00%								50.00%
Prince George's County, Maryland
Real Estate Properties [Line Items]
Land subject to litigation (in acres) | a											1,250
Land
Real Estate Properties [Line Items]
Aggregate financing provided to buyers										145,000
Proceeds of notes receivable	$ 94,200								$ 94,200
Land development
Real Estate Properties [Line Items]
Revenue									119,595	409,710	$ 196,879
Cost of sales expense									109,663	350,181	180,916
Land development | Prince George's County, Maryland
Real Estate Properties [Line Items]
Revenue											114,000
Cost of sales expense											$ 106,300
Land | Real Estate Acquired in Satisfaction of Debt
Real Estate Properties [Line Items]
Increase in net lease assets upon consolidation of equity method investment										$ 4,600
Affiliated Entity
Real Estate Properties [Line Items]
Real estate transaction price									34,300
Payments to acquire land and develop asset									7,300
Assumption of loan in acquisition transaction									$ 27,000

Loans Receivable and Other Le_3

Loans Receivable and Other Lending Investments, net (Schedule of Loans Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	May 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans	$ 703,279		$ 919,493
Reserves for loan losses	(28,634)		(53,395)		$ (78,489)	$ (85,545)
Total loans receivable, net	674,645		866,098
Other lending investments	153,216		122,126
Total loans receivable and other lending investments, net	827,861		988,224
Purchase price for properties acquired from lessee	44,300	$ 44,100
Senior mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans	572,584		760,749
Corporate/Partnership loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans	119,818		148,583
Subordinate mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans	$ 10,877		$ 10,161
Nonperforming Financial Instruments | Corporate/Partnership loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross carrying value of loans				$ 145,800

Loans Receivable and Other Le_4

Loans Receivable and Other Lending Investments, net (Reserve for Loan Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for Loan Losses [Roll Forward]
Reserve for loan losses at beginning of period	$ 53,395	$ 78,489	$ 85,545
Provision for (recovery of) loan losses	6,482	16,937	(5,828)
Charge-offs	(31,243)	(42,031)	(1,228)
Reserve for loan losses at end of period	28,634	$ 53,395	$ 78,489
Non performing loan losses charged-offs	19,200
Amount charged-off	$ 12,000

Loans Receivable and Other Le_5

Loans Receivable and Other Lending Investments, net (Schedule of Investment in Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Recorded investment (comprised of a loans carrying value plus accrued interest) in loans and the associated reserve for loan losses
Loans	$ 706,589	$ 924,387
Less: Reserve for loan losses	(28,634)	(53,395)	$ (78,489)	$ (85,545)
Total loans receivable, net	677,955	870,992
Interest receivable	3,300	4,900
Loans and leases receivable net of deferred income	44,300
Securities that are evaluated for impairment under ASC 320	108,900	122,100
Individually Evaluated for Impairment
Recorded investment (comprised of a loans carrying value plus accrued interest) in loans and the associated reserve for loan losses
Loans	37,820	66,725
Less: Reserve for loan losses	(21,701)	(40,395)
Total loans receivable, net	16,119	26,330
Unamortized discounts, premiums, deferred fees and costs	100	500
Collectively Evaluated for Impairment
Recorded investment (comprised of a loans carrying value plus accrued interest) in loans and the associated reserve for loan losses
Loans	668,769	857,662
Less: Reserve for loan losses	(6,933)	(13,000)
Total loans receivable, net	661,836	844,662
Unamortized discounts, premiums, deferred fees and costs	$ 700	$ 3,100

Loans Receivable and Other Le_6

Loans Receivable and Other Lending Investments, net (Credit Characteristics for Performing Loans) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 674,645	$ 866,098
Real Estate Finance
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 668,769	$ 857,662
Weighted Average Risk Ratings	2.73	2.77
Real Estate Finance | Senior mortgages
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 537,201	$ 697,807
Weighted Average Risk Ratings	2.71	2.76
Real Estate Finance | Corporate/Partnership loans
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 120,658	$ 149,663
Weighted Average Risk Ratings	2.83	2.84
Real Estate Finance | Subordinate mortgages
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Performing Loans	$ 10,910	$ 10,192
Weighted Average Risk Ratings	3	3

Loans Receivable and Other Le_7

Loans Receivable and Other Lending Investments, net (Credit Characteristics by Payment Status) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)loan
Recorded investment in loans, aged by payment status and presented by class
Current	$ 668,769	$ 863,662
Less Than and Equal to 90 Days	0	0
Greater Than 90 Days	37,820	60,725
Total Past Due	37,820	60,725
Loans	$ 706,589	$ 924,387
Financing receivable, number of loans greater than 90 days past due | loan	1	2
Financing receivables, past due time period	10 years 6 months	90 days
Minimum
Recorded investment in loans, aged by payment status and presented by class
Financing receivables, past due time period		4 years
Maximum
Recorded investment in loans, aged by payment status and presented by class
Financing receivables, past due time period		9 years
Senior mortgages
Recorded investment in loans, aged by payment status and presented by class
Current	$ 537,201	$ 703,807
Less Than and Equal to 90 Days	0	0
Greater Than 90 Days	37,820	60,725
Total Past Due	37,820	60,725
Loans	575,021	764,532
Corporate/Partnership loans
Recorded investment in loans, aged by payment status and presented by class
Current	120,658	149,663
Less Than and Equal to 90 Days	0	0
Greater Than 90 Days	0	0
Total Past Due	0	0
Loans	120,658	149,663
Subordinate mortgages
Recorded investment in loans, aged by payment status and presented by class
Current	10,910	10,192
Less Than and Equal to 90 Days	0	0
Greater Than 90 Days	0	0
Total Past Due	0	0
Loans	$ 10,910	$ 10,192

Loans Receivable and Other Le_8

Loans Receivable and Other Lending Investments, net (Impaired Loans) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Impaired Loans
Impaired loans with allowance recorded, Recorded Investment		$ 37,820,000	$ 66,725,000
Impaired loans with allowance recorded, Unpaid Principal Balance		37,923,000	66,777,000
Impaired loans, Related Allowance		(21,701,000)	(40,395,000)
Impaired loans with no related allowance recorded, Average Recorded Investment		0	0	$ 6,582,000
Impaired loans with no related allowance recorded, Interest Income Recognized		0	301,000	1,127,000
Impaired loans with allowance recorded, Average Recorded Investment		38,556,000	106,210,000	239,505,000
Impaired loans with allowance recorded, Interest Income Recognized		0	0	0
Impaired loans, Average Recorded Investment		38,556,000	106,210,000	246,087,000
Impaired loans, Interest Income Recognized		0	301,000	1,127,000
Gross carrying value of loan		703,279,000	919,493,000
Preferred equity investment received, face value	$ 100,000,000
Preferred equity investment mandatory redemption period (in years)	5 years
Preferred equity investment received, recorded fair value	$ 77,000,000
Provision for (recovery of) loan losses		6,482,000	16,937,000	(5,828,000)
Nonperforming Financial Instruments
Impaired Loans
Impaired loans, Interest Income Recognized		0	0	0
Senior mortgages
Impaired Loans
Impaired loans with allowance recorded, Recorded Investment		37,820,000	66,725,000
Impaired loans with allowance recorded, Unpaid Principal Balance		37,923,000	66,777,000
Impaired loans, Related Allowance		(21,701,000)	(40,395,000)
Impaired loans with allowance recorded, Average Recorded Investment		38,556,000	67,041,000	82,749,000
Impaired loans with allowance recorded, Interest Income Recognized		0	0	0
Impaired loans, Average Recorded Investment		38,556,000	67,041,000	82,749,000
Impaired loans, Interest Income Recognized		0	0	0
Gross carrying value of loan		572,584,000	760,749,000
Subordinate mortgages
Impaired Loans
Impaired loans with no related allowance recorded, Average Recorded Investment		0	0	6,582,000
Impaired loans with no related allowance recorded, Interest Income Recognized		0	301,000	1,127,000
Impaired loans, Average Recorded Investment		0	0	6,582,000
Impaired loans, Interest Income Recognized		0	301,000	1,127,000
Gross carrying value of loan		10,877,000	10,161,000
Corporate/Partnership loans
Impaired Loans
Impaired loans with allowance recorded, Average Recorded Investment		0	39,169,000	156,756,000
Impaired loans with allowance recorded, Interest Income Recognized		0	0	0
Impaired loans, Average Recorded Investment		0	39,169,000	156,756,000
Impaired loans, Interest Income Recognized		0	0	$ 0
Gross carrying value of loan		$ 119,818,000	$ 148,583,000
Corporate/Partnership loans | Nonperforming Financial Instruments
Impaired Loans
Gross carrying value of loan	145,800,000
Proceeds from collection of loan receivable	45,800,000
Provision for (recovery of) loan losses	$ 21,400,000

Loans Receivable and Other Le_9

Loans Receivable and Other Lending Investments, net (Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Amortized Cost Basis	$ 21,140
Estimated Fair Value	23,896
Held-to-Maturity Securities, Debt Maturities [Abstract]
Amortized Cost Basis	84,981
Estimated Fair Value	84,981
Investments, Debt and Equity Securities [Abstract]
Face Value	121,140	$ 142,051
Amortized Cost Basis	106,121	121,650
Net Unrealized Gain (Loss)	2,756	483
Estimated Fair Value	108,877	122,133
Net Carrying Value	108,877	122,126
Municipal Bonds
Debt Securities, Available-for-sale, Fair Value to Amortized Cost [Abstract]
Face Value	21,140	21,185
Amortized Cost Basis	21,140	21,185
Net Unrealized Gain (Loss)	2,756	476
Estimated Fair Value	23,896	21,661
Net Carrying Value	23,896	21,661
Corporate Debt Securities
Held-to-Maturity Securities, Debt Maturities [Abstract]
Face Value	100,000	120,866
Amortized Cost Basis	84,981	100,465
Net Unrealized Gain	0	7
Estimated Fair Value	84,981	100,472
Net Carrying Value	$ 84,981	$ 100,465

Loans Receivable and Other L_10

Loans Receivable and Other Lending Investments, net (Maturities of Company Securities) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Held-to-Maturity Securities, Amortized Cost Basis
Within one year	$ 0
After one year through 5 years	84,981
After 5 years through 10 years	0
After 10 years	0
Total	84,981
Held-to-Maturity Securities, Estimated Fair Value
Within one year	0
After one year through 5 years	84,981
After 5 years through 10 years	0
After 10 years	0
Total	84,981
Available-for-Sale Securities, Amortized Cost Basis
Within one year	0
After one year through 5 years	0
After 5 years through 10 years	0
After 10 years	21,140
Total	21,140
Available-for-Sale Securities, Estimated Fair Value
Within one year	0
After one year through 5 years	0
After 5 years through 10 years	0
After 10 years	23,896
Total	$ 23,896

Other Investments (Schedule of

Other Investments (Schedule of Other Investments) (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Other investments	$ 907,875	$ 304,275
Equity in Earnings (Losses)	$ 41,849	(5,007)	$ 13,015
Safehold Inc.
Schedule of Equity Method Investments [Line Items]
Number of investor units owned (in shares)	31.2
Investor units closing price (in dollars per share)	$ 40.30
Fair value	$ 1,300,000
Equity method investment realized gain (loss)	7,600
Other real estate equity investments
Schedule of Equity Method Investments [Line Items]
Equity method investment realized gain (loss)	19,300
Other Strategic Investments
Schedule of Equity Method Investments [Line Items]
Other investments	43,253	7,516
Equity in Earnings (Losses)	(6)	(9,373)	1,410
Impairment on foreign equity method investment		10,000
Real Estate Investment
Schedule of Equity Method Investments [Line Items]
Carrying value	864,622	296,759
Equity in Earnings (Losses)	41,855	4,366	11,605
Real Estate Investment | Safehold Inc.
Schedule of Equity Method Investments [Line Items]
Carrying value	729,357	149,589
Equity in Earnings (Losses)	29,764	4,711	551
Real Estate Investment | iStar Net Lease II LLC (Net Lease Venture II)
Schedule of Equity Method Investments [Line Items]
Carrying value	30,712	16,215
Equity in Earnings (Losses)	(529)	(333)	0
Real Estate Investment | Net Lease Venture
Schedule of Equity Method Investments [Line Items]
Carrying value	0	0
Equity in Earnings (Losses)	0	4,100	4,534
Real Estate Investment | Other real estate equity investments
Schedule of Equity Method Investments [Line Items]
Carrying value	104,553	130,955
Equity in Earnings (Losses)	$ 12,620	(4,112)	$ 6,520
Impairment on foreign equity method investment		$ 6,100

Other Investments (Narrative) (

Other Investments (Narrative) (Details) $ / shares in Units, $ in Thousands	Jan. 02, 2019USD ($)$ / sharesshares	Dec. 31, 2019USD ($)ft²building	Nov. 30, 2019USD ($)shares	Aug. 31, 2019USD ($)shares	May 31, 2019USD ($)	Apr. 30, 2019USD ($)	Feb. 28, 2019	Dec. 31, 2018USD ($)leasebuilding	Jun. 30, 2018USD ($)leasefacility	May 31, 2018USD ($)office_building	Apr. 30, 2017USD ($)	Dec. 31, 2019USD ($)ft²building	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2019USD ($)ft²leasebuilding	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Oct. 31, 2019USD ($)	Jan. 31, 2019USD ($)	Oct. 31, 2017USD ($)	Aug. 31, 2017USD ($)	Dec. 31, 2016	Feb. 28, 2014
Schedule of Equity Method Investments [Line Items]
Number of investor units purchased (in shares) | shares	12,500,000
Investor units, purchase price per unit (in dollars per share) | $ / shares	$ 20
Payments to acquire equity method investments	$ 250,000																					$ 656,720	$ 94,578	$ 224,219
Restriction period on common stock received as payment																						2 years
Commitment to extend credit		$ 150,000										$ 150,000										$ 150,000
Total gross carrying value of loans		$ 703,279						$ 919,493				703,279				$ 919,493				$ 919,493		703,279	919,493
Number of industrial facilities sold | facility									2
Number of ground leases structured and entered into | lease									2
Number of ground leases sold | lease									2
Net proceeds from sales of real estate									$ 36,100
Income from sales of real estate									$ 24,500													236,623	126,004	92,049
Gain on consolidation of equity method investment																					$ 67,900	0	67,877	0
Increase in noncontrolling interest from consolidation of equity method investment																					188,300		188,279
Increase in redeemable noncontrolling interest from consolidation of equity method investment																					11,800
Revenue												$ 128,888	$ 145,338	$ 98,468	$ 106,802	140,165	$ 122,141	$ 171,571	$ 364,245			479,496	798,122	679,202
Acquisitions of real estate assets					$ 56,700																	$ 240,487	19,454	6,600
Number of units in real estate property to be built | building		3										3										3
Term of contract remaining lease term																						6 years 2 months 12 days
Net Lease
Schedule of Equity Method Investments [Line Items]
Income from sales of real estate																						$ 224,700	45,000	87,500
Operating Properties
Schedule of Equity Method Investments [Line Items]
Income from sales of real estate																						$ 11,900	81,000	4,500
Great Oaks
Schedule of Equity Method Investments [Line Items]
Lease term (in years)																											99 years
Real estate leasehold improvement allowances																											$ 7,200
Net Lease Venture | Net Lease
Schedule of Equity Method Investments [Line Items]
Equity interest (percent)																														51.90%
Equity method investment, related party ownership percentage		0.60%										0.60%										0.60%
Equity method investment, related party promote fee percentage		50.00%										50.00%										50.00%
Equity method investment, partner ownership percentage		47.50%										47.50%										47.50%
Net Lease Venture II
Schedule of Equity Method Investments [Line Items]
Equity interest (percent)		51.90%										51.90%										51.90%
Net Lease Venture II | The Properties - Livermore CA
Schedule of Equity Method Investments [Line Items]
Number of properties | building								4														2
Acquisitions of real estate assets								$ 31,200														$ 81,800
Percentage of acquired properties leased (percent)								100.00%														100.00%
Number of leases | lease								4														2
Area of properties (sq ft) | ft²		168,636										168,636										168,636
Ground Lease, Atlanta medical office
Schedule of Equity Method Investments [Line Items]
Commitment to extend credit, amount funded		$ 12,600										$ 12,600										$ 12,600
Interest income																						1,000
SAFE
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investments											$ 55,500
Percentage of ownership																									50.00%
Expense reimbursements from related party																				700		2,100
Ground lease term (in years)				99 years			98 years
Ground Lease Tenant Acquisition
Schedule of Equity Method Investments [Line Items]
Commitment to extend credit																									$ 22,000
Ground Lease Multifamily Development SanJose CA
Schedule of Equity Method Investments [Line Items]
Interest income																						1,200	200
Ground Lease, 100 200 Glenridge Point
Schedule of Equity Method Investments [Line Items]
Interest income																						1,900
Ground Lease Conversion Washington DC
Schedule of Equity Method Investments [Line Items]
Commitment to extend credit																										$ 13,300
Other real estate equity investments
Schedule of Equity Method Investments [Line Items]
Related Party Transaction, Amounts of Transaction		$ 500
Equity method investment realized gain (loss)																						$ 19,300
Other real estate equity investments | Minimum
Schedule of Equity Method Investments [Line Items]
Equity interest (percent)		16.00%										16.00%										16.00%
Other real estate equity investments | Maximum
Schedule of Equity Method Investments [Line Items]
Equity interest (percent)		95.00%										95.00%										95.00%
Other real estate equity investments | Land
Schedule of Equity Method Investments [Line Items]
Carrying value		$ 42,900						$ 65,300				$ 42,900				65,300				65,300		$ 42,900	65,300
Other real estate equity investments | Operating Properties
Schedule of Equity Method Investments [Line Items]
Carrying value		$ 61,700						65,600				$ 61,700				65,600				65,600		61,700	65,600
Other Real Estate Equity Investment Aug 2018
Schedule of Equity Method Investments [Line Items]
Interest income																						$ 2,800	1,100
Equity interest (percent)		50.00%										50.00%										50.00%
Payments for funding under loan commitments		$ 33,000						30,500				$ 33,000				30,500				30,500		$ 33,000	30,500
Other Real Estate Equity Investment Dec 2016
Schedule of Equity Method Investments [Line Items]
Equity interest (percent)		50.00%										50.00%										50.00%
Other Real Estate Equity Investment Dec 2016 | Operating Properties
Schedule of Equity Method Investments [Line Items]
Interest income																						$ 600	2,100	1,900
Equity interest (percent)																													50.00%
Loans commitment								27,000								27,000				27,000			27,000
Management Fees | Net Lease Venture | Other Income
Schedule of Equity Method Investments [Line Items]
Revenue																							1,300	2,100
Management Fees | Net Lease Venture | Net Income Attributable To Noncontrolling Interests
Schedule of Equity Method Investments [Line Items]
Revenue																				700		1,500
Management Fees | Net Lease Venture II | Other Income
Schedule of Equity Method Investments [Line Items]
Commitment to extend credit, amount funded		$ 18,700										$ 18,700										18,700
Revenue																						1,500	400
Management Fees | SAFE
Schedule of Equity Method Investments [Line Items]
Revenue from related party																				1,800		7,500
Management fees waived																					$ 1,800			2,000
Safehold Inc.
Schedule of Equity Method Investments [Line Items]
Ground lease term (in years)				99 years			98 years
Safehold Inc. | Great Oaks
Schedule of Equity Method Investments [Line Items]
Forward purchase contract, purchase agreement, amount																											34,000
Safehold Inc. | Ground Lease, Atlanta medical office
Schedule of Equity Method Investments [Line Items]
Interest income																						$ 1,200	1,400	$ 200
Safehold Inc. | Ground Lease, 100 200 Glenridge Point
Schedule of Equity Method Investments [Line Items]
Commitment to extend credit										$ 19,900
Interest income																							1,400
Number of office buildings | office_building										2
Leasehold First Mortgage | Great Oaks
Schedule of Equity Method Investments [Line Items]
Commitment to extend credit																											80,500
Total gross carrying value of loans																											$ 80,500
Master Lease | Management Fees | Net Lease Venture II | Other Income
Schedule of Equity Method Investments [Line Items]
Lease term (in years)		25 years										25 years										25 years
Safehold Inc. | Ground Lease, Atlanta medical office
Schedule of Equity Method Investments [Line Items]
Commitment to extend credit																												$ 24,000
Commitment to extend credit, amount funded		$ 38,900										$ 38,900										$ 38,900						$ 18,400
Real Estate Investment
Schedule of Equity Method Investments [Line Items]
Carrying value		864,622						296,759				864,622				296,759				296,759		864,622	296,759
Real Estate Investment | Net Lease Venture
Schedule of Equity Method Investments [Line Items]
Carrying value		0						0				0				0				0		0	0
Real Estate Investment | Net Lease Venture II
Schedule of Equity Method Investments [Line Items]
Carrying value		$ 30,712						16,215				$ 30,712				16,215				16,215		$ 30,712	16,215
Real Estate Investment | SAFE
Schedule of Equity Method Investments [Line Items]
Payments to acquire equity method investments			$ 130,000	$ 168,000
Voting power cap threshold (percent)	41.90%
Independent period	3 years
Standstill provisions (in years)	2 years
Stock transfer limitation maximum per agreement, other than widely distributed public offering (percent)	20.00%
Common stock company acquired (in shares) | shares			3,800,000	6,000,000
Percentage of ownership		65.20%										65.20%										65.20%
Real Estate Investment | Other real estate equity investments
Schedule of Equity Method Investments [Line Items]
Carrying value		$ 104,553						$ 130,955				$ 104,553				$ 130,955				$ 130,955		$ 104,553	$ 130,955
Fee percent of SAFE Equity up to $1.5 billion
Schedule of Equity Method Investments [Line Items]
Management fee as percent of equity																						1.00%
Fee percent of SAFE Equity up to $1.5 billion | Maximum
Schedule of Equity Method Investments [Line Items]
Management fee equity threshold amount		1,500,000										1,500,000										$ 1,500,000
Fee percent of SAFE Equity between $1.5 billion and $3.0 billion
Schedule of Equity Method Investments [Line Items]
Management fee as percent of equity																						1.25%
Fee percent of SAFE Equity between $1.5 billion and $3.0 billion | Minimum
Schedule of Equity Method Investments [Line Items]
Management fee equity threshold amount		1,500,000										1,500,000										$ 1,500,000
Fee percent of SAFE Equity between $1.5 billion and $3.0 billion | Maximum
Schedule of Equity Method Investments [Line Items]
Management fee equity threshold amount		3,000,000										3,000,000										$ 3,000,000
Fee percent of SAFE Equity between $3.0 billion and $5.0 billion
Schedule of Equity Method Investments [Line Items]
Management fee as percent of equity																						1.375%
Fee percent of SAFE Equity between $3.0 billion and $5.0 billion | Minimum
Schedule of Equity Method Investments [Line Items]
Management fee equity threshold amount		3,000,000										3,000,000										$ 3,000,000
Fee percent of SAFE Equity between $3.0 billion and $5.0 billion | Maximum
Schedule of Equity Method Investments [Line Items]
Management fee equity threshold amount		5,000,000										5,000,000										$ 5,000,000
Fee percent of SAFE Equity over $5.0 billion
Schedule of Equity Method Investments [Line Items]
Management fee as percent of equity																						1.50%
Fee percent of SAFE Equity over $5.0 billion | Minimum
Schedule of Equity Method Investments [Line Items]
Management fee equity threshold amount		$ 5,000,000										$ 5,000,000										$ 5,000,000
Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Real estate transaction price																						34,300
Payments to acquire land and develop asset																						7,300
Assumption of loan in acquisition transaction																						$ 27,000
Affiliated Entity | Other Real Estate Equity Investment Dec 2016 | Operating Properties
Schedule of Equity Method Investments [Line Items]
Real estate transaction price						$ 34,300
Payments to acquire land and develop asset						7,300
Assumption of loan in acquisition transaction						$ 27,000

Other Investments (Summarized I

Other Investments (Summarized Investee Financial Information) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Balance Sheets
Total assets	$ 3,653,763	$ 2,118,045
Total liabilities	1,918,034	1,016,502
Noncontrolling interests	1,486	2,007
Total equity attributable to parent entities	1,734,243	1,099,536
Income Statements
Revenues	214,123	262,970	$ 261,867
Expenses	(181,456)	(187,257)	(167,999)
Net income attributable to parent entities	$ 32,474	$ 75,056	$ 91,633

Other Assets and Other Liabil_3

Other Assets and Other Liabilities (Deferred Expenses and Other Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Real Estate Properties [Line Items]
Intangible assets, net	$ 174,973	$ 156,281
Finance lease right-of-use asset	145,209
Operating lease right-of-use assets	34,063
Other receivables	16,846	46,887
Restricted cash	45,034	42,793	$ 20,045	$ 25,883
Other assets	17,534	32,333
Leasing costs, net	3,793	6,224
Corporate furniture, fixtures and equipment, net	2,736	3,850
Deferred financing fees, net	2,300	900
Deferred expenses and other assets, net	442,488	289,268
Intangible assets, accumulated amortization	33,400	27,000
Amortization of above market lease and lease incentives	1,700	2,200	2,500
Amortization of intangible assets	$ 9,600	7,200	$ 1,900
Weighted average useful life	20 years 8 months 12 days
Operating leases, weighted average incremental borrowing rate, discount rate (percent)	5.30%
Operating leases, weighted average lease term (in years)	7 years 9 months 18 days
Finance leases, weighted average rate implicit in the lease, discount rate (percent)	5.50%
Finance leases, weighted average lease term (in years)	98 years
Accumulated amortization on leasing costs	$ 3,300	4,400
Accumulated depreciation on corporate furniture, fixtures and equipment	13,100	11,900
Operating Properties
Real Estate Properties [Line Items]
Other receivables		$ 26,000
Interest Expense
Real Estate Properties [Line Items]
Finance lease, interest expense	5,100
Depreciation and Amortization
Real Estate Properties [Line Items]
Finance lease, amortization	900
General and Administrative Expense
Real Estate Properties [Line Items]
Operating lease, expense	3,600
Real Estate Expense
Real Estate Properties [Line Items]
Operating lease, expense	$ 3,300

Other Assets and Other Liabil_4

Other Assets and Other Liabilities (Schedule of Other Liabilities) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)land_project	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Other Assets and Other Liabilities [Abstract]
Other liabilities	$ 81,709	$ 143,325
Finance lease liabilities	147,749
Operating lease liabilities	34,182
Accrued expenses	83,778	95,149
Accrued interest payable	25,733	42,669
Intangible liabilities, net	51,223	35,108
Accounts payable, accrued expenses and other liabilities	424,374	316,251
Deferred income	27,500	42,600
Profit sharing payable	100	18,500
Special assessment bond	$ 6,200	9,400
Number of land projects related to tax increment financing bonds | land_project	2
Below market lease, accumulated amortization	$ 5,000	2,800
Amortization of below market lease	$ 2,300	$ 3,900	$ 1,300
Below market lease intangible liability, weighted average useful life	18 years 3 months 18 days

Other Assets and Other Liabil_5

Other Assets and Other Liabilities (Intangible assets) (Details) $ in Thousands	Dec. 31, 2019USD ($)
Other Assets and Other Liabilities [Abstract]
2020	$ 11,826
2021	11,796
2022	11,795
2023	11,641
2024	$ 11,524

Loan Participations Payable, _3

Loan Participations Payable, net (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)debt_instrument	Dec. 31, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan participations payable	$ 35,656	$ 22,642
Debt discounts and deferred financing costs, net	(18)	(158)
Total loan participations payable, net	35,638	22,484
Loans receivable	674,645	866,098
Loan Participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 35,600	$ 22,500
Loan Participations Payable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of debt instruments | debt_instrument	1
Weighted average interest rate (percent)	6.30%	7.00%

Debt Obligations, net (Schedule

Debt Obligations, net (Schedule of Debt) (Details) - USD ($)	1 Months Ended					12 Months Ended
	Dec. 31, 2019	Oct. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Nov. 30, 2019	Oct. 31, 2017	Sep. 30, 2017
Debt Instrument [Line Items]
Total debt obligations	$ 3,436,038,000					$ 3,436,038,000	$ 3,661,617,000
Debt discounts and deferred financing costs, net	(48,958,000)					(48,958,000)	(52,531,000)
Total debt obligations, net	$ 3,387,080,000					3,387,080,000	3,609,086,000
Payment for debt extinguishment or debt prepayment cost						20,606,000	4,132,000	$ 14,108,000
Interest costs capitalized						$ 7,500,000	11,300,000	$ 8,500,000
Senior Term Loan | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						1.00%
5.00% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)	5.00%					5.00%
4.625% senior notes
Debt Instrument [Line Items]
Payment for debt extinguishment or debt prepayment cost		$ 6,000,000
Stated interest rate (percent)	4.625%					4.625%
6.50% senior notes
Debt Instrument [Line Items]
Payment for debt extinguishment or debt prepayment cost		$ 4,500,000
Stated interest rate (percent)	6.50%					6.50%
6.00% senior notes
Debt Instrument [Line Items]
Payment for debt extinguishment or debt prepayment cost	$ 10,100,000
Stated interest rate (percent)	6.00%					6.00%
5.25% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)	5.25%					5.25%
3.125% senior convertible notes
Debt Instrument [Line Items]
Stated interest rate (percent)	3.125%					3.125%		3.125%
Unsecured 4.75 Senior Notes Due October 2024
Debt Instrument [Line Items]
Stated interest rate (percent)	4.75%					4.75%
4.25% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)	4.25%					4.25%
Secured credit facilities and mortgages
Debt Instrument [Line Items]
Total debt obligations	$ 1,212,993,000					$ 1,212,993,000	1,449,117,000
Debt discounts and deferred financing costs, net	(7,730,000)					(7,730,000)
Total debt obligations, net	1,205,263,000					1,205,263,000
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility
Debt Instrument [Line Items]
Total debt obligations	0					0	0
Debt instrument, face amount	350,000,000					$ 350,000,000
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						2.25%
Debt instrument term						1 year
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)			2.00%			1.00%
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | LIBOR | Minimum | Interest Rate Category Two
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						2.00%
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)			2.50%
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | LIBOR | Maximum | Interest Rate Category Two
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						2.50%
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)			1.00%
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | Base Rate | Minimum | Interest Rate Category One
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						1.00%
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)			1.50%
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | Base Rate | Maximum | Interest Rate Category One
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						1.50%
Secured credit facilities and mortgages | 2015 $350 Million Revolving Credit Facility | Federal Funds Rate
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						0.50%
Secured credit facilities and mortgages | Senior Term Loan
Debt Instrument [Line Items]
Total debt obligations	491,875,000					$ 491,875,000	646,750,000
Debt instrument, face amount					$ 650,000,000
Secured credit facilities and mortgages | Senior Term Loan | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)					2.75%	2.75%
Secured credit facilities and mortgages | Senior Term Loan | LIBOR | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						1.75%
Secured credit facilities and mortgages | Senior Term Loan | Federal Funds Rate
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						0.50%
Secured credit facilities and mortgages | Mortgages collateralized by net lease assets
Debt Instrument [Line Items]
Total debt obligations	$ 721,118,000					$ 721,118,000	802,367,000
Weighted average interest rate (percent)	4.37%					4.37%
Secured credit facilities and mortgages | Mortgages collateralized by net lease assets | Minimum
Debt Instrument [Line Items]
Stated interest rate (percent)	3.31%					3.31%
Secured credit facilities and mortgages | Mortgages collateralized by net lease assets | Maximum
Debt Instrument [Line Items]
Stated interest rate (percent)	7.26%					7.26%
Unsecured notes
Debt Instrument [Line Items]
Total debt obligations	$ 2,123,045,000					$ 2,123,045,000	2,112,500,000
Unsecured notes | 5.00% senior notes
Debt Instrument [Line Items]
Total debt obligations	0					0	375,000,000
Unsecured notes | 4.625% senior notes
Debt Instrument [Line Items]
Total debt obligations	0					0	400,000,000
Stated interest rate (percent)			4.625%
Debt instrument, face amount			$ 400,000,000
Unsecured notes | 6.50% senior notes
Debt Instrument [Line Items]
Total debt obligations	0					0	275,000,000
Stated interest rate (percent)			6.50%
Debt instrument, face amount			$ 275,000,000
Unsecured notes | 6.00% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 110,545,000					$ 110,545,000	375,000,000
Stated interest rate (percent)	6.00%					6.00%
Unsecured notes | 5.25% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 400,000,000					$ 400,000,000	400,000,000
Unsecured notes | 3.125% senior convertible notes
Debt Instrument [Line Items]
Total debt obligations	287,500,000					287,500,000	287,500,000
Total debt obligations, net	$ 268,700,000					$ 268,700,000	$ 262,600,000
Stated interest rate (percent)	3.125%					3.125%	3.125%				3.125%
Convertible debt conversion ratio (in shares per par value)						67.92
Convertible debt conversion ratio principal amount						$ 1,000
Convertible debt conversion price (in dollars per share)	$ 14.72					$ 14.72
Liability component of convertible debt										$ 34,000,000	$ 221,800,000
Equity component of convertible debt										3,400,000	$ 22,500,000
Debt instrument, face amount										$ 37,500,000
Unamortized discount	$ 15,500,000					$ 15,500,000	$ 20,500,000
Contractual interest						9,000,000	9,000,000	$ 2,500,000
Amortization of debt discount						$ 5,000,000	$ 4,700,000	$ 1,300,000
Effective interest rate (percent)	5.20%					5.20%	5.20%	5.20%
Unsecured notes | Unsecured 4.75 Senior Notes Due October 2024
Debt Instrument [Line Items]
Total debt obligations	$ 775,000,000					$ 775,000,000	$ 0
Stated interest rate (percent)			4.75%						4.75%
Debt instrument, face amount			$ 675,000,000						$ 100,000,000
Effective interest rate (percent)									4.29%
Unsecured notes | 4.25% senior notes
Debt Instrument [Line Items]
Total debt obligations	$ 550,000,000					$ 550,000,000	0
Stated interest rate (percent)	4.25%					4.25%
Debt instrument, face amount	$ 550,000,000					$ 550,000,000
Other debt obligations | Trust preferred securities
Debt Instrument [Line Items]
Total debt obligations	$ 100,000,000					$ 100,000,000	$ 100,000,000
Other debt obligations | Trust preferred securities | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)						1.50%
Net Lease Asset
Debt Instrument [Line Items]
Non-recourse debt assumed by buyer				$ 228,000,000		$ 228,000,000

Debt Obligations, net (Future S

Debt Obligations, net (Future Scheduled Maturities) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Maturities of Long-term Debt [Abstract]
2020	$ 0
2021	159,083
2022	845,946
2023	491,875
2024	775,000
Thereafter	1,164,134
Total principal maturities	3,436,038	$ 3,661,617
Unamortized discounts and deferred financing costs, net	(48,958)	(52,531)
Total debt obligations, net	3,387,080	3,609,086
Unsecured Debt
Maturities of Long-term Debt [Abstract]
2020	0
2021	0
2022	798,045
2023	0
2024	775,000
Thereafter	650,000
Total principal maturities	2,223,045
Unamortized discounts and deferred financing costs, net	(41,228)
Total debt obligations, net	2,181,817
Unsecured Notes
Maturities of Long-term Debt [Abstract]
Total principal maturities	2,123,045	2,112,500
Unsecured Notes | 5.00% senior notes
Maturities of Long-term Debt [Abstract]
Total principal maturities	0	375,000
Secured Debt
Maturities of Long-term Debt [Abstract]
2020	0
2021	159,083
2022	47,901
2023	491,875
2024	0
Thereafter	514,134
Total principal maturities	1,212,993	1,449,117
Unamortized discounts and deferred financing costs, net	(7,730)
Total debt obligations, net	1,205,263
Secured Debt | 2015 $350 Million Revolving Credit Facility
Maturities of Long-term Debt [Abstract]
Total principal maturities	$ 0	$ 0

Debt Obligations, net (Narrativ

Debt Obligations, net (Narrative) (Details) - USD ($)	1 Months Ended				12 Months Ended
	Jan. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Nov. 30, 2019	Oct. 31, 2017	Sep. 30, 2017
Debt Instrument [Line Items]
Loss on early extinguishment of debt, net					$ 27,724,000	$ 10,367,000	$ 14,724,000
6.00% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)		6.00%			6.00%
6.50% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)		6.50%			6.50%
2016 Senior Term Loan | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)					1.00%
Unsecured 4.75 Senior Notes Due October 2024
Debt Instrument [Line Items]
Stated interest rate (percent)		4.75%			4.75%
4.25% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)		4.25%			4.25%
4.625% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)		4.625%			4.625%
5.25% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)		5.25%			5.25%
3.125% senior convertible notes
Debt Instrument [Line Items]
Stated interest rate (percent)		3.125%			3.125%		3.125%
Secured Debt | 2016 Senior Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount				$ 650,000,000
Periodic principal payment (as a percent)					0.25%
Secured Debt | 2016 Senior Term Loan | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)				2.75%	2.75%
Secured Debt | 2016 Senior Term Loan | LIBOR | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)					1.75%
Secured Debt | 2015 $350 Million Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, face amount		$ 350,000,000			$ 350,000,000
Maximum borrowing capacity			$ 350,000,000
Secured Debt | 2015 $350 Million Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee percentage			0.25%
Current borrowing capacity		$ 350,000,000			$ 350,000,000
Secured Debt | 2015 $350 Million Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Commitment fee percentage			0.45%
Secured Debt | 2015 $350 Million Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)					2.25%
Secured Debt | 2015 $350 Million Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)			2.00%		1.00%
Secured Debt | 2015 $350 Million Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)			2.50%
Secured Debt | 2015 $350 Million Revolving Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)			1.00%
Secured Debt | 2015 $350 Million Revolving Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate (percent)			1.50%
Secured Debt | Other expense | 2016 Senior Term Loan
Debt Instrument [Line Items]
Loss on early extinguishment of debt, net						2,500,000	$ 800,000
Unsecured Notes
Debt Instrument [Line Items]
Loss on early extinguishment of debt, net					$ 26,600,000	$ 1,200,000	$ 13,600,000
Unsecured Notes | 6.00% senior notes
Debt Instrument [Line Items]
Stated interest rate (percent)		6.00%			6.00%
Principal amount called for redemption		$ 375,000,000
Unsecured Notes | 6.50% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 275,000,000
Stated interest rate (percent)			6.50%
Unsecured Notes | Unsecured 4.75 Senior Notes Due October 2024
Debt Instrument [Line Items]
Debt instrument, face amount			$ 675,000,000					$ 100,000,000
Percentage of par credit facilities were issued at								102.00%
Yield to maturity								4.29%
Stated interest rate (percent)			4.75%					4.75%
Unsecured Notes | 4.25% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount		$ 550,000,000			$ 550,000,000
Stated interest rate (percent)		4.25%			4.25%
Unsecured Notes | 4.625% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 400,000,000
Stated interest rate (percent)			4.625%
Unsecured Notes | 3.125% senior convertible notes
Debt Instrument [Line Items]
Debt instrument, face amount									$ 37,500,000
Yield to maturity		5.20%			5.20%	5.20%	5.20%
Stated interest rate (percent)		3.125%			3.125%	3.125%				3.125%
Subsequent Event | Unsecured Notes | 6.00% senior notes
Debt Instrument [Line Items]
Principal amount called for redemption	$ 110,500,000

Debt Obligations, net (Collater

Debt Obligations, net (Collateral Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	May 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Real estate, net	$ 1,527,219		$ 1,771,019
Real estate available and held for sale	8,650		22,551
Net investment in leases	418,915	$ 424,100	0
Land and development, net	580,545		598,218
Loans receivable and other lending investments, net	827,861		988,224
Other investments	907,875		304,275
Cash and other assets	814,044		1,329,990
Total assets	5,085,109		5,014,277
Carrying amount of assets held by entities pledged as collateral	438,700
General reserves for loan losses	28,634		53,395	$ 78,489	$ 85,545
Performing Loans	674,645		866,098
Loan Participations Payable
Debt Instrument [Line Items]
Performing Loans			22,500
Collectively Evaluated for Impairment
Debt Instrument [Line Items]
General reserves for loan losses	6,933		13,000
Collateral Assets
Debt Instrument [Line Items]
Real estate, net	1,409,585		1,620,008
Real estate available and held for sale	0		1,055
Net investment in leases	418,915
Land and development, net	0		12,300
Loans receivable and other lending investments, net	233,104		498,524
Other investments	0		0
Cash and other assets	0		0
Total assets	2,061,604		2,131,887
Non-Collateral Assets
Debt Instrument [Line Items]
Real estate, net	117,634		151,011
Real estate available and held for sale	8,650		21,496
Net investment in leases	0
Land and development, net	580,545		585,918
Loans receivable and other lending investments, net	566,050		480,154
Other investments	907,875		304,275
Cash and other assets	814,044		1,329,990
Total assets	2,994,798		2,872,844
Loan Participations
Debt Instrument [Line Items]
Performing Loans	$ 35,600		$ 22,500

Debt Obligations, net (Debt Cov

Debt Obligations, net (Debt Covenants) (Details)	Dec. 31, 2019
Unsecured Debt
Debt Instrument [Line Items]
Unencumbered assets to unsecured indebtedness ratio	1.2
Consolidated fixed charge coverage ratio	1.5
Secured Debt | 2016 Senior Term Loan
Debt Instrument [Line Items]
Collateral coverage ratio	1.25
Secured Debt | 2015 $350 Million Revolving Credit Facility
Debt Instrument [Line Items]
Borrowing base asset value ratio	1.5
Cash flow to fixed charges ratio	1.5

Commitments and Contingencies_2

Commitments and Contingencies (Unfunded Commitments) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	May 31, 2019	Dec. 31, 2019
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		$ 427,027
Strategic Investments		16,851
Total		443,878
Loans and Other Lending Investments
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments		225,600
Strategic Investments		0
Total		225,600
Real Estate
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments		70,047
Strategic Investments		0
Total		70,047
Other Investments
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments		131,380
Strategic Investments		16,851
Total		148,231
Loan Participations Payable
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments		14,300
Bowling Center Commitment | Bowling Entertainment Venue Operator
Unfunded Financial Commitments [Line Items]
Commitment to invest additional bowling centers	$ 55,000	$ 55,000

Commitments and Contingencies_3

Commitments and Contingencies (Other Commitments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 4,400	$ 5,000	$ 5,200
Operating
2020	4,167
2021	1,803
2022	1,098
2023	728
2024	617
Thereafter	1,447
Total undiscounted cash flows	9,860
Present value discount	(1,057)
Other adjustments	25,379
Lease liabilities	34,182
Finance
2020	5,386
2021	5,494
2022	5,604
2023	5,716
2024	5,830
Thereafter	1,573,824
Total undiscounted cash flows	1,601,854
Present value discount	(1,454,105)
Other adjustments	0
Lease liabilities	147,749
Operating lease payments made	4,100
Finance lease payments made	$ 3,300
Operating leases, excluding tenant paid leases, weighted average lease term (in years)	4 years 2 months 12 days
Operating leases, weighted average incremental borrowing rate, discount rate (percent)	5.60%
Finance leases, weighted average lease term (in years)	93 years
Finance leases, weighted average rate implicit in the lease, discount rate (percent)	5.40%
Operating
2019		4,340
2020		4,016
2021		1,589
2022		991
2023		849
Thereafter		$ 2,469

Risk Management and Derivativ_3

Risk Management and Derivatives (Risk Concentration) (Details)	12 Months Ended
	Dec. 31, 2019borrower
Office/Industrial
Concentration Risk [Line Items]
Concentration risk, percentage	28.50%
Land
Concentration Risk [Line Items]
Concentration risk, percentage	15.40%
Entertainment/Leisure
Concentration Risk [Line Items]
Concentration risk, percentage	20.10%
Hotel
Concentration Risk [Line Items]
Concentration risk, percentage	5.20%
Mixed Use/Mixed Collateral
Concentration Risk [Line Items]
Concentration risk, percentage	5.30%
Customer Concentration Risk
Concentration Risk [Line Items]
Number of large borrowers or tenants	5
Concentration risk percentage of revenue (no more than)	19.80%
Concentration risk percentage of one single customer, revenue (no more than)	11.80%
New York | Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	16.70%
New Jersey | Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	14.20%
California | Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	12.50%

Risk Management and Derivativ_4

Risk Management and Derivatives (Fair Value of Derivative Financial Instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivative financial instruments on consolidated balance sheets
Expected amount related to cash flow hedge that will be reclassified over next twelve months	$ 5,100
Designated as hedge
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value	114	$ 3,669
Derivative Liabilities, Fair Value	8,680	10,244
Designated as hedge | Interest rate swaps | Other assets
Derivative financial instruments on consolidated balance sheets
Derivative Assets, Fair Value	114	3,669
Designated as hedge | Interest rate swaps | Other liabilities
Derivative financial instruments on consolidated balance sheets
Derivative Liabilities, Fair Value	$ 8,680	$ 10,244

Risk Management and Derivativ_5

Risk Management and Derivatives (Classification on the Consolidated Statements of Operations) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income		$ (42,582)	$ (14,699)	$ 847
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings	[1]	(14,524)	1,508	168
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income		0	(364)	(129)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings	[2]	0	(721)	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		(21,165)	(12,963)	495
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings		(1,861)	(388)	339
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		(21,417)	(1,736)	368
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings		(184)	$ 20	(285)
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				(16)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings				(16)
Amount of loss attributable to noncontrolling interest		$ 4,300
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				(352)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings				0
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				6
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				$ (970)
[1]	Reclassified to "Interest expense" in the Company's consolidated statements of operations are $1,861 , $388 and $64 for the years ended December 31, 2019 , 2018 and 2017 , respectively. Amount reclassified to "Gain on consolidation of equity method investment" in the Company's consolidated statements of operations is $ 1,876 for the year ended December 31, 2018. Reclassified to "Earnings (losses) from equity method investments" in the Company's consolidated statements of operations are $184 , $(20) and $304 , respectively, for the years ended December 31, 2019 , 2018 and 2017 . Amount reclassified to "Other expense" in the Company's consolidated statements of operations is $11,673 for the year ended December 31, 2019 resulting from hedged forecasted transactions becoming not probable to occur. Amount reclassified to "Income from sales of real estate" in the Company's consolidated statements of operations is $806 for the year ended December 31, 2019 .
[2]	Amounts were reclassified to "Earnings (losses) from equity method investments" in the Company's consolidated statements of operations.

Risk Management and Derivativ_6

Risk Management and Derivatives (Credit Risk-Related Contingent Features) (Details)	Dec. 31, 2018USD ($)
Derivative [Line Items]
Net exposure under contracts	$ 0
Forward Contracts
Derivative [Line Items]
Collateral posted for hedges	$ 6,400,000

Equity (Preferred Stock) (Detai

Equity (Preferred Stock) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Preferred Stock
Shares Issued and Outstanding	16,200,000	16,200,000
Carrying Value	$ 282,490,000	$ 476,000,000
Number of days in year used in the computation of preferred stock dividends for any partial dividend period	360 days
Dividends payable for any partial dividend period number of months	12 months
Number of days in month, dividends computation of dividends payable for any partial dividend period	30 days
Capital gains distribution percentage	100.00%	100.00%
Unrecaptured Section 1250 gain percentage	34.01%	26.02%
Long term capital gain percentage		73.98%
Amount of preferred dividends in arrears	$ 0
Maximum
Preferred Stock
Number of days prior to dividend payment date that Board of Directors may elect to designate as the payment date	30 days
Minimum
Preferred Stock
Number of days prior to dividend payment date that Board of Directors may elect to designate as the payment date	10 days
Series D
Preferred Stock
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 (as a percent)	8.00%	8.00%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 2	$ 2
Carrying Value	$ 89,041,000	$ 89,041,000
Dividends declared and paid	$ 8,000,000	$ 8,000,000
Series G
Preferred Stock
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 (as a percent)	7.65%	7.65%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 1.91	$ 1.91
Carrying Value	$ 72,664,000	$ 72,664,000
Dividends declared and paid	$ 6,100,000	$ 6,100,000
Series I
Preferred Stock
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 (as a percent)	7.50%	7.50%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 1.88	$ 1.88
Carrying Value	$ 120,785,000	$ 120,785,000
Dividends declared and paid	$ 9,400,000	$ 9,400,000
Series J convertible perpetual preferred stock
Preferred Stock
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 (as a percent)	4.50%	4.50%
Equivalent to Fixed Annual Rate (in dollars per share)	$ 2.25	$ 2.25
Carrying Value	$ 0	$ 193,510,000
Common stock to redeem outstanding shares	16,500,000
Dividends declared and paid	$ 9,000,000	9,000,000
Shares issued upon conversion	4.125
Series E and F Preferred Stock
Preferred Stock
Carrying Value		$ 193,500,000
Series D, E, F, G and I Preferred Stock
Preferred Stock
Liquidation Preference (in dollars per share)		$ 50
Series G and I Preferred Stock
Preferred Stock
Liquidation Preference (in dollars per share)	$ 25
Redemption price as a percentage of liquidation preference	100.00%

Equity (Dividends) (Details)

Equity (Dividends) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Dividends [Abstract]
Minimum percentage of taxable income excluding capital gains	90.00%
Percentage of taxable income (including net capital gains) to be distributed in order to qualify as REIT	100.00%
Operating loss carryforwards		$ 567,700
Common stock dividends	$ 25,324	$ 12,333
Common stock dividends paid (in dollars per share)	$ 0.39	$ 0.18
Capital gains distribution percentage	100.00%	100.00%
Unrecaptured Section 1250 gain percentage	34.01%	26.02%
Long term capital gain percentage		73.98%
Common Stock
Dividends [Abstract]
Capital gains distribution percentage		100.00%
Unrecaptured Section 1250 gain percentage		26.02%
Long term capital gain percentage		73.98%

Equity (Stock Repurchase Progra

Equity (Stock Repurchase Program) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2019
Equity [Abstract]
Stock repurchased and retired during period, shares	0.8	7.3
Common stock value acquired including acquisition costs	$ 8.3	$ 74.6
Average cost per share (in dollars per share)	$ 10.22	$ 10.16
Shares repurchased (in shares)		$ 34.2

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Unrealized gains on available-for-sale securities	$ 2,756	$ 475
Unrealized losses on cash flow hedges	(37,264)	(13,546)
Unrealized losses on cumulative translation adjustment	(4,199)	(4,199)
Accumulated other comprehensive loss	$ (38,707)	$ (17,270)

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans and Employee Benefits (Stock-Based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 30,436	$ 17,563	$ 18,812
Unrecognized compensation cost	$ 2,700
Weighted-average period to recognize the unrecognized compensation cost	1 year 4 months 6 days

Stock-Based Compensation Plan_4

Stock-Based Compensation Plans and Employee Benefits (Performance Incentive Plans) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)ownership_class$ / sharesshares	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)	May 03, 2019shares	Apr. 30, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage	15.00%
Equity-based compensation | $	$ 30,436	$ 17,563	$ 18,812
Performance Incentive Plan
Accrued expenses | $	$ 83,778	95,149
iPIP Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	6 years
Performance Incentive Plan
Accrued expenses | $	$ 41,900	$ 37,500
2013-2014 Performance Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage	40.00%
Equity-based compensation | $	$ 2,900
Settlement or distribution on units and awards, cash (percent)	50.00%
Settlement or distribution on units and awards, common stock (percent)	50.00%
Performance Incentive Plan
Points at beginning of period (in shares)	85.77
Granted (in shares)	0
Forfeited (in shares)	(4.60)
Points at end of period (in shares)	81.17	85.77
iPIP distributions to plan participants | $	$ 7,400
iPIP distributions, equity component (in shares)	389,545
iPIP distributions, equity component, fair value (in dollars per share) | $ / shares	$ 9.21
iPIP distributions, shares issued net of tax withholdings (in shares)	209,118
2019-2020 Performance Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of ownership classes of consolidated subsidiary | ownership_class	2
2015-2016 Performance Incentive Plan
Performance Incentive Plan
Points at beginning of period (in shares)	79.41
Granted (in shares)	0
Forfeited (in shares)	(6.13)
Points at end of period (in shares)	73.28	79.41
iPIP distributions to plan participants | $	$ 9,400
iPIP distributions, equity component (in shares)	356,065
iPIP distributions, equity component, fair value (in dollars per share) | $ / shares	$ 13.11
iPIP distributions, shares issued net of tax withholdings (in shares)	192,829
2017-2018 Performance Incentive Plan
Performance Incentive Plan
Points at beginning of period (in shares)	82.43
Granted (in shares)	0
Forfeited (in shares)	(5.16)
Points at end of period (in shares)	77.27	82.43
Long-term Incentive Plan 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ownership percentage of class A units (percent)	100.00%
Performance Incentive Plan
Number of shares authorized for issuance (in shares)				8,900,000	8,000,000
Shares available for grant (in shares)	2,800,000

Stock-Based Compensation Plan_5

Stock-Based Compensation Plans and Employee Benefits (Restricted Stock Unit Activity) (Details) - Restricted stock units - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number of Shares
Non-vested at Beginning of Period (in shares)	357
Granted (in shares)	485
Vested (in shares)	(153)
Forfeited (in shares)	(91)
Non-vested at End of Period (in shares)	598	357
Weighted Average Grant Date Fair Value Per Share
Non-vested at Beginning of Period (in dollars per share)	$ 10.68
Granted (in dollars per share)	8.84	$ 10.16	$ 12.09
Vested (in dollars per share)	11.12
Forfeited (in dollars per share)	9.99
Non-vested at End of Period (in dollars per share)	$ 9.18	$ 10.68
Non-vested, aggregate intrinsic value	$ 8,688	$ 3,277
Fair value of units vested during period	$ 1,800	$ 1,400	$ 900

Stock-Based Compensation Plan_6

Stock-Based Compensation Plans and Employee Benefits (Directors' Awards) (Details) - Directors $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)$ / sharesshares
CSE and Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, outstanding (in shares)	244,360
Non-vested, aggregate intrinsic value | $	$ 3.5
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	65,936
Grant date fair value (in dollars per share) | $ / shares	$ 8.74
Vesting period	1 year
CSE
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	6,254
Grant date fair value (in dollars per share) | $ / shares	$ 10.90

Stock-Based Compensation Plan_7

Stock-Based Compensation Plans and Employee Benefits (401(k) Plan) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Payment Arrangement [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	$ 0.9	$ 1.1	$ 1.1

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Share) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income (loss) from continuing operations	$ 334,325	$ (18,326)	$ 51,851
Net income attributable to noncontrolling interests	(10,283)	(13,936)	(4,526)
Preferred dividends	(32,495)	(32,495)	(48,444)
Premium above book value on redemption of preferred stock	0	0	(16,314)
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders for basic earnings per common share	291,547	(64,757)	(17,433)
Add: Effect of Series J convertible perpetual preferred stock	9,000	0	0
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders for diluted earnings per common share	$ 300,547	$ (64,757)	$ (17,433)

Earnings Per Share (Earnings Al

Earnings Per Share (Earnings Allocable to Common Shares) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Numerator for basic earnings per share:
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders									$ 291,547	$ (64,757)	$ (17,433)
Income from discontinued operations									0	0	4,939
Gain from discontinued operations									0	0	123,418
Net income (loss) allocable to common shareholders	$ (46,260)	$ (7,343)	$ 362,715	$ (17,565)	$ (115,455)	$ (18,984)	$ 42,873	$ 26,809	291,547	(64,757)	110,924
Numerator for diluted earnings per share:
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders									300,547	(64,757)	(17,433)
Income from discontinued operations									0	0	4,939
Gain from discontinued operations									0	0	123,418
Net income (loss) attributable to iStar Inc. and allocable to common shareholders	$ (46,260)	$ (7,343)	$ 364,965	$ (17,565)	$ (115,455)	$ (18,984)	$ 45,123	$ 29,059	$ 300,547	$ (64,757)	$ 110,924
Denominator for basic and diluted earnings per share:
Weighted average number of shares, Basic (in shares)	64,910	62,168	64,019	67,747	68,012	67,975	67,932	67,913	64,696	67,958	71,021
Add: Effect of assumed shares issued under treasury stock method or restricted stock units (in shares)									146	0	0
Add: Effect of series J convertible perpetual preferred stock (in shares)									15,824	0	0
Weighted average common shares outstanding for diluted earnings per common share (in shares)	64,910	62,168	80,259	67,747	68,012	67,975	83,694	83,670	80,666	67,958	71,021
Basic earnings per common share:
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders (in dollars per share)									$ 4.51	$ (0.95)	$ (0.25)
Income from discontinued operations (in dollars per share)									0	0	0.07
Gain from discontinued operations (in dollars per share)									0	0	1.74
Earnings per share, basic (in dollars per share)	$ (0.71)	$ (0.12)	$ 5.67	$ (0.26)	$ (1.70)	$ (0.28)	$ 0.63	$ 0.39	4.51	(0.95)	1.56
Diluted earnings per common share:
Income (loss) from continuing operations attributable to iStar Inc. and allocable to common shareholders (in dollars per share)									3.73	(0.95)	(0.25)
Income from discontinued operations (in dollars per share)									0	0	0.07
Gain from discontinued operations (in dollars per share)									0	0	1.74
Net income (loss) attributable to iStar Inc. and allocable to common shareholders (in dollars per share)	$ (0.71)	$ (0.12)	$ 4.55	$ (0.26)	$ (1.70)	$ (0.28)	$ 0.54	$ 0.35	$ 3.73	$ (0.95)	$ 1.56

Earnings Per Share (Anti-diluti

Earnings Per Share (Anti-dilutive Shares) (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2019shares	Dec. 31, 2018shares	Dec. 31, 2017trading_dayshares
Joint venture shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	0	0	255
Series J convertible perpetual preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	0	15,704	15,635
Unvested Time Based Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares			6
Market-based Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares			17
3.125% senior convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stated interest rate (percent)	3.125%		3.125%
Threshold consecutive trading days | trading_day			40

Fair Values (Schedule of Fair V

Fair Values (Schedule of Fair Value Measurement) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)land_asset	Dec. 31, 2018USD ($)land_assetreal_estate_asset
Recurring basis | Fair Value
Assets and liabilities recorded at fair value
Derivative assets	$ 114	$ 3,669
Derivative liabilities	8,680	10,244
Available-for-sale securities	23,896	21,661
Recurring basis | Level 1
Assets and liabilities recorded at fair value
Derivative assets	0	0
Derivative liabilities	0	0
Available-for-sale securities	0	0
Recurring basis | Level 2
Assets and liabilities recorded at fair value
Derivative assets	114	3,669
Derivative liabilities	8,680	10,244
Available-for-sale securities	0	0
Recurring basis | Level 3
Assets and liabilities recorded at fair value
Derivative assets	0	0
Derivative liabilities	0	0
Available-for-sale securities	23,896	21,661
Non-recurring basis
Assets and liabilities recorded at fair value
Impaired land and development, aggregate impairment	$ 5,300	$ 55,400
Impaired land and development, number of assets | land_asset	2	4
Impaired real estate, aggregate impairment		$ 76,300
Impaired real estate, number of assets | real_estate_asset		3
Impaired real estate available and held for sale, aggregate impairment		$ 3,700
Impaired real estate available and held for sale, number of assets | real_estate_asset		2
Non-recurring basis | Fair Value
Assets and liabilities recorded at fair value
Impaired real estate		$ 29,400
Impaired real estate available and held for sale		19,300
Impaired land and development	$ 40,000	78,400
Non-recurring basis | Level 1
Assets and liabilities recorded at fair value
Impaired real estate		0
Impaired real estate available and held for sale		0
Impaired land and development	0	0
Non-recurring basis | Level 2
Assets and liabilities recorded at fair value
Impaired real estate		0
Impaired real estate available and held for sale		0
Impaired land and development	0	0
Non-recurring basis | Level 3
Assets and liabilities recorded at fair value
Impaired real estate		29,400
Impaired real estate available and held for sale		19,300
Impaired land and development	$ 40,000	78,400
Non-recurring basis | Commercial operating property one
Assets and liabilities recorded at fair value
Impairment on commercial operating property		23,200
Non-recurring basis | Property to be sold
Assets and liabilities recorded at fair value
Impairment on commercial operating property		6,000
Non-recurring basis | Commercial operating property two
Assets and liabilities recorded at fair value
Impairment on commercial operating property		47,100
Non-recurring basis | Waterfront land and development asset to be sold
Assets and liabilities recorded at fair value
Impairment on commercial operating property		25,000
Non-recurring basis | Master planned community
Assets and liabilities recorded at fair value
Impairment on commercial operating property		21,600
Non-recurring basis | Infill land and development asset
Assets and liabilities recorded at fair value
Impairment on commercial operating property		6,900
Non-recurring basis | Waterfront land and development asset sold
Assets and liabilities recorded at fair value
Impairment on commercial operating property		$ 1,900

Fair Values (Schedule of Level

Fair Values (Schedule of Level 3 Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 21,661	$ 22,842
Repayments	(45)	(46)
Unrealized gains (losses) recorded in other comprehensive income	2,280	(1,135)
Ending balance	$ 23,896	$ 21,661

Fair Values (Narrative) (Detail

Fair Values (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial assets:
Loans receivable and other lending investments, net	$ 827,861	$ 988,224
Financial liabilities:
Debt obligations, net	3,387,080	3,609,086
Fair Value
Financial assets:
Loans receivable and other lending investments, net	900,000	1,000,000
Financial liabilities:
Debt obligations, net	$ 3,600,000	$ 3,500,000

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segments) (Details) $ in Thousands	1 Months Ended	3 Months Ended								6 Months Ended	12 Months Ended
	Jun. 30, 2018USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2019USD ($)segments	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	May 31, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segments											4
Segment Profit (Loss)
Revenue		$ 128,888	$ 145,338	$ 98,468	$ 106,802	$ 140,165	$ 122,141	$ 171,571	$ 364,245		$ 479,496	$ 798,122	$ 679,202
Earnings (losses) from equity method investments											41,849	(5,007)	13,015
Selling profit from sales-type leases											180,416
Income from discontinued operations											0	0	4,939
Gain from discontinued operations											0	0	123,418
Gain on consolidation of equity method investment										$ 67,900	0	67,877	0
Income from sales of real estate	$ 24,500										236,623	126,004	92,049
Total revenue and other earnings											938,384	986,996	912,623
Other expense											(13,120)	(6,040)	(20,954)
Allocated interest expense											(183,919)	(183,751)	(194,686)
Allocated general and administrative											(68,173)	(74,572)	(80,070)
Segment profit (loss)											471,083	233,163	288,380
Other Significant Items
Recovery of loan losses											6,482	16,937	(5,828)
Impairment of assets											13,419	147,108	32,379
Depreciation and amortization											58,259	58,699	49,033
Capitalized expenditures											136,093	204,722	166,336
Segment Assets
Real estate, net		1,527,219				1,771,019					1,527,219	1,771,019
Real estate available and held for sale		8,650				22,551					8,650	22,551
Total real estate		1,535,869				1,793,570					1,535,869	1,793,570
Net investment in leases		418,915				0					418,915	0		$ 424,100
Land and development, net		580,545				598,218					580,545	598,218
Loans receivable and other lending investments, net		827,861				988,224					827,861	988,224
Other investments		907,875				304,275					907,875	304,275
Total portfolio assets		4,271,065				3,684,287					4,271,065	3,684,287
Cash and other assets		814,044				1,329,990					814,044	1,329,990
Total assets		5,085,109				5,014,277					5,085,109	5,014,277
Stock-based compensation expense											30,436	17,563	18,812
Operating Segments | Real Estate Finance
Segment Profit (Loss)
Earnings (losses) from equity method investments											0	0	0
Selling profit from sales-type leases											0
Income from discontinued operations													0
Gain from discontinued operations													0
Gain on consolidation of equity method investment												0
Income from sales of real estate											0	0	0
Total revenue and other earnings											80,582	102,434	109,181
Other expense											(462)	(1,578)	(1,413)
Allocated interest expense											(29,587)	(40,653)	(40,359)
Allocated general and administrative											(8,254)	(12,997)	(15,223)
Segment profit (loss)											42,279	47,206	52,186
Other Significant Items
Recovery of loan losses											6,482	16,937	(5,828)
Impairment of assets											0	0	0
Depreciation and amortization											0	0	0
Capitalized expenditures											0	0	0
Segment Assets
Real estate, net		0				0					0	0
Real estate available and held for sale		0				0					0	0
Total real estate		0				0					0	0
Net investment in leases		0									0
Land and development, net		0				0					0	0
Loans receivable and other lending investments, net		783,522				988,224					783,522	988,224
Other investments		0				0					0	0
Total portfolio assets		783,522				988,224					783,522	988,224
Operating Segments | Net Lease
Segment Profit (Loss)
Earnings (losses) from equity method investments											29,235	8,479	5,086
Selling profit from sales-type leases											180,416
Income from discontinued operations													4,939
Gain from discontinued operations													123,418
Gain on consolidation of equity method investment												67,877
Income from sales of real estate											224,654	45,038	87,512
Total revenue and other earnings											651,216	277,638	347,243
Other expense											0	0	0
Allocated interest expense											(95,154)	(63,706)	(53,710)
Allocated general and administrative											(25,990)	(20,713)	(19,563)
Segment profit (loss)											505,286	176,186	257,228
Other Significant Items
Recovery of loan losses											0	0	0
Impairment of assets											2,471	10,391	5,486
Depreciation and amortization											51,091	38,588	28,132
Capitalized expenditures											31,445	40,215	4,838
Segment Assets
Real estate, net		1,327,082				1,536,494					1,327,082	1,536,494
Real estate available and held for sale		0				1,055					0	1,055
Total real estate		1,327,082				1,537,549					1,327,082	1,537,549
Net investment in leases		418,915									418,915
Land and development, net		0				0					0	0
Loans receivable and other lending investments, net		44,339				0					44,339	0
Other investments		760,068				165,804					760,068	165,804
Total portfolio assets		2,550,404				1,703,353					2,550,404	1,703,353
Operating Segments | Operating Properties
Segment Profit (Loss)
Earnings (losses) from equity method investments											8,298	(1,003)	(772)
Selling profit from sales-type leases											0
Income from discontinued operations													0
Gain from discontinued operations													0
Gain on consolidation of equity method investment												0
Income from sales of real estate											11,969	80,966	4,537
Total revenue and other earnings											66,074	190,001	116,565
Other expense											0	0	0
Allocated interest expense											(10,249)	(18,618)	(20,171)
Allocated general and administrative											(2,887)	(6,574)	(8,075)
Segment profit (loss)											17,616	84,239	(1,406)
Other Significant Items
Recovery of loan losses											0	0	0
Impairment of assets											3,853	79,991	6,358
Depreciation and amortization											4,977	17,417	17,684
Capitalized expenditures											5,617	19,912	35,754
Segment Assets
Real estate, net		200,137				234,525					200,137	234,525
Real estate available and held for sale		8,650				21,496					8,650	21,496
Total real estate		208,787				256,021					208,787	256,021
Net investment in leases		0									0
Land and development, net		0				0					0	0
Loans receivable and other lending investments, net		0				0					0	0
Other investments		61,686				65,643					61,686	65,643
Total portfolio assets		270,473				321,664					270,473	321,664
Operating Segments | Land and Development
Segment Profit (Loss)
Earnings (losses) from equity method investments											4,322	(3,110)	7,292
Selling profit from sales-type leases											0
Income from discontinued operations													0
Gain from discontinued operations													0
Gain on consolidation of equity method investment												0
Income from sales of real estate											0	0	0
Total revenue and other earnings											132,041	414,477	331,270
Other expense											0	0	0
Allocated interest expense											(20,706)	(21,897)	(28,033)
Allocated general and administrative											(11,957)	(14,313)	(16,483)
Segment profit (loss)											(42,603)	(13,600)	64,688
Other Significant Items
Recovery of loan losses											0	0	0
Impairment of assets											6,427	56,726	20,535
Depreciation and amortization											977	1,353	1,896
Capitalized expenditures											99,031	144,595	125,744
Segment Assets
Real estate, net		0				0					0	0
Real estate available and held for sale		0				0					0	0
Total real estate		0				0					0	0
Net investment in leases		0									0
Land and development, net		580,545				598,218					580,545	598,218
Loans receivable and other lending investments, net		0				0					0	0
Other investments		42,866				65,312					42,866	65,312
Total portfolio assets		623,411				663,530					623,411	663,530
Corporate/Other
Segment Profit (Loss)
Earnings (losses) from equity method investments											(6)	(9,373)	1,409
Selling profit from sales-type leases											0
Income from discontinued operations													0
Gain from discontinued operations													0
Gain on consolidation of equity method investment												0
Income from sales of real estate											0	0	0
Total revenue and other earnings											8,471	2,446	8,364
Other expense											(12,658)	(4,462)	(19,541)
Allocated interest expense											(28,223)	(38,877)	(52,413)
Allocated general and administrative											(19,085)	(19,975)	(20,726)
Segment profit (loss)											(51,495)	(60,868)	(84,316)
Other Significant Items
Recovery of loan losses											0	0	0
Impairment of assets											668	0	0
Depreciation and amortization											1,214	1,341	1,321
Capitalized expenditures											0	0	0
Segment Assets
Real estate, net		0				0					0	0
Real estate available and held for sale		0				0					0	0
Total real estate		0				0					0	0
Net investment in leases		0									0
Land and development, net		0				0					0	0
Loans receivable and other lending investments, net		0				0					0	0
Other investments		43,255				7,516					43,255	7,516
Total portfolio assets		$ 43,255				$ 7,516					43,255	7,516
Operating lease income
Segment Profit (Loss)
Revenue											206,388	208,192	187,684
Operating lease income | Operating Segments | Real Estate Finance
Segment Profit (Loss)
Revenue											0	0	0
Operating lease income | Operating Segments | Net Lease
Segment Profit (Loss)
Revenue											177,679	151,958	123,685
Operating lease income | Operating Segments | Operating Properties
Segment Profit (Loss)
Revenue											28,423	55,677	63,159
Operating lease income | Operating Segments | Land and Development
Segment Profit (Loss)
Revenue											286	557	840
Operating lease income | Corporate/Other
Segment Profit (Loss)
Revenue											0	0	0
Interest income
Segment Profit (Loss)
Revenue											77,654	97,878	106,548
Interest income | Operating Segments | Real Estate Finance
Segment Profit (Loss)
Revenue											75,636	97,878	106,548
Interest income | Operating Segments | Net Lease
Segment Profit (Loss)
Revenue											2,018	0	0
Interest income | Operating Segments | Operating Properties
Segment Profit (Loss)
Revenue											0	0	0
Interest income | Operating Segments | Land and Development
Segment Profit (Loss)
Revenue											0	0	0
Interest income | Corporate/Other
Segment Profit (Loss)
Revenue											0	0	0
Interest income from sales-type leases
Segment Profit (Loss)
Revenue											20,496	0	0
Interest income from sales-type leases | Operating Segments | Real Estate Finance
Segment Profit (Loss)
Revenue											0
Interest income from sales-type leases | Operating Segments | Net Lease
Segment Profit (Loss)
Revenue											20,496
Interest income from sales-type leases | Operating Segments | Operating Properties
Segment Profit (Loss)
Revenue											0
Interest income from sales-type leases | Operating Segments | Land and Development
Segment Profit (Loss)
Revenue											0
Interest income from sales-type leases | Corporate/Other
Segment Profit (Loss)
Revenue											0
Other income
Segment Profit (Loss)
Revenue											55,363	82,342	188,091
Other income | Operating Segments | Real Estate Finance
Segment Profit (Loss)
Revenue											4,946	4,556	2,633
Other income | Operating Segments | Net Lease
Segment Profit (Loss)
Revenue											16,718	4,286	2,603
Other income | Operating Segments | Operating Properties
Segment Profit (Loss)
Revenue											17,384	54,361	49,641
Other income | Operating Segments | Land and Development
Segment Profit (Loss)
Revenue											7,838	7,320	126,259
Other income | Corporate/Other
Segment Profit (Loss)
Revenue											8,477	11,819	6,955
Land development
Segment Profit (Loss)
Revenue											119,595	409,710	196,879
Cost of sales expense											(109,663)	(350,181)	(180,916)
Land development | Operating Segments | Real Estate Finance
Segment Profit (Loss)
Revenue											0	0	0
Cost of sales expense											0	0	0
Land development | Operating Segments | Net Lease
Segment Profit (Loss)
Revenue											0	0	0
Cost of sales expense											0	0	0
Land development | Operating Segments | Operating Properties
Segment Profit (Loss)
Revenue											0	0	0
Cost of sales expense											0	0	0
Land development | Operating Segments | Land and Development
Segment Profit (Loss)
Revenue											119,595	409,710	196,879
Cost of sales expense											(109,663)	(350,181)	(180,916)
Land development | Corporate/Other
Segment Profit (Loss)
Revenue											0	0	0
Cost of sales expense											0	0	0
Real estate
Segment Profit (Loss)
Cost of sales expense											(92,426)	(139,289)	(147,617)
Real estate | Operating Segments | Real Estate Finance
Segment Profit (Loss)
Cost of sales expense											0	0	0
Real estate | Operating Segments | Net Lease
Segment Profit (Loss)
Cost of sales expense											(24,786)	(17,033)	(16,742)
Real estate | Operating Segments | Operating Properties
Segment Profit (Loss)
Cost of sales expense											(35,322)	(80,570)	(89,725)
Real estate | Operating Segments | Land and Development
Segment Profit (Loss)
Cost of sales expense											(32,318)	(41,686)	(41,150)
Real estate | Corporate/Other
Segment Profit (Loss)
Cost of sales expense											$ 0	$ 0	$ 0

Segment Reporting (Reconciliati

Segment Reporting (Reconciliation of Segment Profit (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of segment profit (loss) to income (loss) from continuing operations
Segment profit									$ 471,083	$ 233,163	$ 288,380
Add/Less: (Provision for) recovery of loan losses									(6,482)	(16,937)	5,828
Less: Impairment of assets									(13,419)	(147,108)	(32,379)
Less: Depreciation and amortization									(58,259)	(58,699)	(49,033)
Less: Stock-based compensation expense									(30,436)	(17,563)	(18,812)
Less: Income tax (expense) benefit									(438)	(815)	948
Less: Loss on early extinguishment of debt, net									(27,724)	(10,367)	(14,724)
Net income (loss)	$ (36,022)	$ 3,626	$ 373,691	$ (6,970)	$ (105,028)	$ (8,832)	$ 60,506	$ 35,028	$ 334,325	$ (18,326)	$ 180,208

Quarterly Financial Informati_3

Quarterly Financial Information (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Revenue	$ 128,888	$ 145,338	$ 98,468	$ 106,802	$ 140,165	$ 122,141	$ 171,571	$ 364,245	$ 479,496	$ 798,122	$ 679,202
Net income (loss)	(36,022)	3,626	373,691	(6,970)	(105,028)	(8,832)	60,506	35,028	334,325	(18,326)	180,208
Net income (loss) attributable to common shareholders	(38,137)	781	370,839	(9,441)	(107,332)	(10,860)	50,997	34,933	324,042	(32,262)	175,682
Net income (loss) attributable to common shareholders
Basic	(46,260)	(7,343)	362,715	(17,565)	(115,455)	(18,984)	42,873	26,809	291,547	(64,757)	110,924
Diluted	$ (46,260)	$ (7,343)	$ 364,965	$ (17,565)	$ (115,455)	$ (18,984)	$ 45,123	$ 29,059	$ 300,547	$ (64,757)	$ 110,924
Earnings per share
Basic (in dollars per share)	$ (0.71)	$ (0.12)	$ 5.67	$ (0.26)	$ (1.70)	$ (0.28)	$ 0.63	$ 0.39	$ 4.51	$ (0.95)	$ 1.56
Diluted (in dollars per share)	$ (0.71)	$ (0.12)	$ 4.55	$ (0.26)	$ (1.70)	$ (0.28)	$ 0.54	$ 0.35	$ 3.73	$ (0.95)	$ 1.56
Weighted average number of common shares
Basic (in shares)	64,910	62,168	64,019	67,747	68,012	67,975	67,932	67,913	64,696	67,958	71,021
Diluted (in shares)	64,910	62,168	80,259	67,747	68,012	67,975	83,694	83,670	80,666	67,958	71,021

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 134,773	$ 144,357	$ 154,631
Charged to Costs and Expenses	7,324	33,086	1,753
Adjustments to Valuation Accounts	0	0	(9,318)
Deductions	(31,876)	(42,670)	(2,709)
Balance at End of Period	134,773	144,357	154,631	$ 110,221
Reserve for loan losses
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	53,395	78,489	85,545
Charged to Costs and Expenses	6,482	16,937	(5,828)
Adjustments to Valuation Accounts	0	0	0
Deductions	(31,243)	(42,031)	(1,228)
Balance at End of Period	53,395	78,489	85,545	28,634
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	3,271	2,610	2,588
Charged to Costs and Expenses	(696)	1,300	473
Adjustments to Valuation Accounts	0	0	0
Deductions	(633)	(639)	(451)
Balance at End of Period	3,271	2,610	2,588	1,942
Allowance for deferred tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	78,107	63,258	66,498
Charged to Costs and Expenses	1,538	14,849	7,108
Adjustments to Valuation Accounts	0	0	(9,318)
Deductions	0	0	(1,030)
Balance at End of Period	$ 78,107	$ 63,258	$ 66,498	$ 79,645

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation - Schedule of Real Estate Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 720,034
Initial cost to company, land	845,666
Initial cost to company, building and improvements	1,411,121
Cost capitalized subsequent to acquisition	107,626
Gross amount carried at close of period, land	913,809
Gross amount carried at close of period, building and improvements	1,450,604
Gross amount carried at close of period, total	2,364,413	$ 2,710,512	$ 2,577,195	$ 2,997,351
Accumulated depreciation	247,998	$ 318,724	$ 366,265	$ 426,982
Properties pledged as collateral	546,600
Aggregate cost for federal income tax purposes	2,700,000
Office Facilities
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	525,101
Initial cost to company, land	88,739
Initial cost to company, building and improvements	759,685
Cost capitalized subsequent to acquisition	18,525
Gross amount carried at close of period, land	89,746
Gross amount carried at close of period, building and improvements	777,203
Gross amount carried at close of period, total	866,949
Accumulated depreciation	99,863
Office Facilities | Arizona OAZ 001
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2,942
Gross amount carried at close of period, land	1,033
Gross amount carried at close of period, building and improvements	9,594
Gross amount carried at close of period, total	10,627
Accumulated depreciation	$ 4,959
Depreciable life	40 years
Office Facilities | Arizona OAZ 002
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	491
Gross amount carried at close of period, land	1,033
Gross amount carried at close of period, building and improvements	7,143
Gross amount carried at close of period, total	8,176
Accumulated depreciation	$ 3,521
Depreciable life	40 years
Office Facilities | Arizona OAZ 003
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	556
Gross amount carried at close of period, land	1,033
Gross amount carried at close of period, building and improvements	7,208
Gross amount carried at close of period, total	8,241
Accumulated depreciation	$ 3,524
Depreciable life	40 years
Office Facilities | Arizona OAZ 004
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	2,171
Gross amount carried at close of period, land	701
Gross amount carried at close of period, building and improvements	6,510
Gross amount carried at close of period, total	7,211
Accumulated depreciation	$ 2,551
Depreciable life	40 years
Office Facilities | California OCA 005
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 26,726
Initial cost to company, land	9,702
Initial cost to company, building and improvements	29,831
Cost capitalized subsequent to acquisition	1,152
Gross amount carried at close of period, land	9,702
Gross amount carried at close of period, building and improvements	30,983
Gross amount carried at close of period, total	40,685
Accumulated depreciation	$ 1,437
Depreciable life	40 years
Office Facilities | Colorado OCO 006
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	0
Initial cost to company, building and improvements	16,752
Cost capitalized subsequent to acquisition	(11,239)
Gross amount carried at close of period, land	0
Gross amount carried at close of period, building and improvements	5,513
Gross amount carried at close of period, total	5,513
Accumulated depreciation	$ 237
Depreciable life	40 years
Office Facilities | Illinois OIL 007
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 22,527
Initial cost to company, land	7,681
Initial cost to company, building and improvements	30,230
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	7,681
Gross amount carried at close of period, building and improvements	30,230
Gross amount carried at close of period, total	37,911
Accumulated depreciation	$ 1,446
Depreciable life	40 years
Office Facilities | Maryland OMD 008
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 115,000
Initial cost to company, land	19,529
Initial cost to company, building and improvements	148,286
Cost capitalized subsequent to acquisition	(324)
Gross amount carried at close of period, land	19,529
Gross amount carried at close of period, building and improvements	147,962
Gross amount carried at close of period, total	167,491
Accumulated depreciation	$ 4,563
Depreciable life	40 years
Office Facilities | Massachusetts OMA 009
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 7,096
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	$ 9,982
Depreciable life	40 years
Office Facilities | New Jersey ONJ 010
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 63,500
Initial cost to company, land	0
Initial cost to company, building and improvements	99,296
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	99,296
Gross amount carried at close of period, total	99,296
Accumulated depreciation	$ 2,097
Depreciable life	40 years
Office Facilities | New Jersey ONJ 011
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 47,901
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	$ 31,757
Depreciable life	40 years
Office Facilities | New Jersey ONJ 012
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 7,755
Initial cost to company, land	1,008
Initial cost to company, building and improvements	13,763
Cost capitalized subsequent to acquisition	206
Gross amount carried at close of period, land	1,008
Gross amount carried at close of period, building and improvements	13,969
Gross amount carried at close of period, total	14,977
Accumulated depreciation	$ 5,492
Depreciable life	40 years
Office Facilities | New Jersey ONJ 013
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 18,471
Initial cost to company, land	2,456
Initial cost to company, building and improvements	28,955
Cost capitalized subsequent to acquisition	814
Gross amount carried at close of period, land	2,456
Gross amount carried at close of period, building and improvements	29,769
Gross amount carried at close of period, total	32,225
Accumulated depreciation	$ 11,753
Depreciable life	40 years
Office Facilities | New York ONY 014
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 70,312
Initial cost to company, land	19,631
Initial cost to company, building and improvements	104,527
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	19,631
Gross amount carried at close of period, building and improvements	104,527
Gross amount carried at close of period, total	124,158
Accumulated depreciation	$ 4,104
Depreciable life	40 years
Office Facilities | Texas OTX 015
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 91,000
Initial cost to company, land	0
Initial cost to company, building and improvements	88,136
Cost capitalized subsequent to acquisition	15,681
Gross amount carried at close of period, land	0
Gross amount carried at close of period, building and improvements	103,817
Gross amount carried at close of period, total	103,817
Accumulated depreciation	$ 921
Depreciable life	40 years
Office Facilities | Texas OTX 016
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	5,780
Gross amount carried at close of period, land	2,373
Gross amount carried at close of period, building and improvements	15,399
Gross amount carried at close of period, total	17,772
Accumulated depreciation	$ 8,414
Depreciable life	40 years
Office Facilities | Virginia OVA 017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 54,813
Initial cost to company, land	14,242
Initial cost to company, building and improvements	68,610
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	14,242
Gross amount carried at close of period, building and improvements	68,610
Gross amount carried at close of period, total	82,852
Accumulated depreciation	$ 3,105
Depreciable life	40 years
Industrial Facilities
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 86,075
Initial cost to company, land	14,880
Initial cost to company, building and improvements	164,424
Cost capitalized subsequent to acquisition	16,995
Gross amount carried at close of period, land	14,400
Gross amount carried at close of period, building and improvements	181,899
Gross amount carried at close of period, total	196,299
Accumulated depreciation	17,587
Industrial Facilities | Michigan IMI 001
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	0
Gross amount carried at close of period, land	598
Gross amount carried at close of period, building and improvements	9,814
Gross amount carried at close of period, total	10,412
Accumulated depreciation	$ 4,213
Depreciable life	40 years
Industrial Facilities | Minnesota IMN 002
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 6,774
Depreciable life	40 years
Industrial Facilities | Ohio IOH 003
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 39,662
Initial cost to company, land	1,990
Initial cost to company, building and improvements	56,329
Cost capitalized subsequent to acquisition	16,995
Gross amount carried at close of period, land	1,990
Gross amount carried at close of period, building and improvements	73,324
Gross amount carried at close of period, total	75,314
Accumulated depreciation	$ 2,544
Depreciable life	40 years
Industrial Facilities | Oklahoma IOK 004
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8,226
Initial cost to company, land	401
Initial cost to company, building and improvements	7,644
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	7,644
Gross amount carried at close of period, total	8,045
Accumulated depreciation	$ 614
Depreciable life	40 years
Industrial Facilities | Texas ITX 005
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 8,226
Initial cost to company, land	2,341
Initial cost to company, building and improvements	17,142
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	2,341
Gross amount carried at close of period, building and improvements	17,142
Gross amount carried at close of period, total	19,483
Accumulated depreciation	$ 805
Depreciable life	40 years
Industrial Facilities | Wisconsin IWI 006
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 29,961
Initial cost to company, land	2,845
Initial cost to company, building and improvements	55,805
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	2,845
Gross amount carried at close of period, building and improvements	55,805
Gross amount carried at close of period, total	58,650
Accumulated depreciation	$ 2,637
Depreciable life	40 years
Land
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	545,745
Initial cost to company, building and improvements	8,790
Cost capitalized subsequent to acquisition	134,738
Gross amount carried at close of period, land	678,503
Gross amount carried at close of period, building and improvements	10,770
Gross amount carried at close of period, total	689,273
Accumulated depreciation	$ 9,031
Land | Minimum
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Depreciable life	15 years
Land | Maximum
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Depreciable life	20 years
Land | Arizona LAZ 001
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	800
Gross amount carried at close of period, land	2,200
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	2,200
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | Arizona LAZ 002
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	34,492
Initial cost to company, building and improvements	0
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	34,492
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	34,492
Accumulated depreciation	0
Land | Arizona LAZ 003
SEC Schedule, 12-28, Real Estate Companies, Investment in 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 | California LCA 004
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(20,742)
Gross amount carried at close of period, land	7,722
Gross amount carried at close of period, building and improvements	2,836
Gross amount carried at close of period, total	10,558
Accumulated depreciation	$ 2,836
Depreciable life	0 years
Land | California LCA 005
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	8,921
Initial cost to company, building and improvements	0
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	8,921
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	8,921
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | California LCA 006
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(24,100)
Gross amount carried at close of period, land	35,000
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	35,000
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | Florida LFL 007
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(2,816)
Gross amount carried at close of period, land	3,067
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	3,067
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | Florida LFL 008
SEC Schedule, 12-28, Real Estate Companies, Investment in 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 LFL 009
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(142)
Gross amount carried at close of period, land	26,458
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	26,458
Accumulated depreciation	$ 4
Depreciable life	0 years
Land | Illinois LIL 010
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	31,500
Initial cost to company, building and improvements	0
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	31,500
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	31,500
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | New Jersey LNJ 011
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	31,622
Gross amount carried at close of period, land	74,922
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	74,922
Accumulated depreciation	$ 1,050
Depreciable life	0 years
Land | New Jersey LNJ 012
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	3,992
Initial cost to company, building and improvements	0
Cost capitalized subsequent to acquisition	148,681
Gross amount carried at close of period, land	152,673
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	152,673
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | New Jersey LNJ 013
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	111
Initial cost to company, building and improvements	5,954
Cost capitalized subsequent to acquisition	1,980
Gross amount carried at close of period, land	111
Gross amount carried at close of period, building and improvements	7,934
Gross amount carried at close of period, total	8,045
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | New York LNY 014
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(19,874)
Gross amount carried at close of period, land	39,026
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	39,026
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | New York LNY 015
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(22,461)
Gross amount carried at close of period, land	30,000
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	30,000
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | New York LNY 016
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	4,600
Initial cost to company, building and improvements	0
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	4,600
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	4,600
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | Virginia LVA 017
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	45,873
Gross amount carried at close of period, land	118,011
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	118,011
Accumulated depreciation	$ 5,141
Depreciable life	0 years
Land | West Virginia LWV 018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	9,083
Initial cost to company, building and improvements	0
Cost capitalized subsequent to acquisition	(4,083)
Gross amount carried at close of period, land	5,000
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	5,000
Accumulated depreciation	$ 0
Depreciable life	0 years
Entertainment
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 108,858
Initial cost to company, land	96,624
Initial cost to company, building and improvements	242,951
Cost capitalized subsequent to acquisition	93,811
Gross amount carried at close of period, land	93,917
Gross amount carried at close of period, building and improvements	339,469
Gross amount carried at close of period, total	433,386
Accumulated depreciation	88,934
Entertainment | Alabama EAL 001
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,668
Initial cost to company, land	1,939
Initial cost to company, building and improvements	1,840
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,939
Gross amount carried at close of period, building and improvements	1,840
Gross amount carried at close of period, total	3,779
Accumulated depreciation	$ 173
Depreciable life	40 years
Entertainment | Arizona EAZ 002
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,332
Initial cost to company, land	389
Initial cost to company, building and improvements	2,074
Cost capitalized subsequent to acquisition	1
Gross amount carried at close of period, land	389
Gross amount carried at close of period, building and improvements	2,075
Gross amount carried at close of period, total	2,464
Accumulated depreciation	$ 117
Depreciable life	40 years
Entertainment | Arizona EAZ 003
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,350
Initial cost to company, land	1,750
Initial cost to company, building and improvements	2,118
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,750
Gross amount carried at close of period, building and improvements	2,118
Gross amount carried at close of period, total	3,868
Accumulated depreciation	$ 188
Depreciable life	40 years
Entertainment | Arizona EAZ 004
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 4,948
Initial cost to company, land	1,969
Initial cost to company, building and improvements	3,552
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,969
Gross amount carried at close of period, building and improvements	3,552
Gross amount carried at close of period, total	5,521
Accumulated depreciation	$ 247
Depreciable life	40 years
Entertainment | Arizona EAZ 005
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,492
Initial cost to company, land	970
Initial cost to company, building and improvements	1,710
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	970
Gross amount carried at close of period, building and improvements	1,710
Gross amount carried at close of period, total	2,680
Accumulated depreciation	$ 114
Depreciable life	40 years
Entertainment | Arizona EAZ 006
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,746
Initial cost to company, land	1,205
Initial cost to company, building and improvements	1,933
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,205
Gross amount carried at close of period, building and improvements	1,933
Gross amount carried at close of period, total	3,138
Accumulated depreciation	$ 122
Depreciable life	40 years
Entertainment | Arizona EAZ 007
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 976
Initial cost to company, land	456
Initial cost to company, building and improvements	877
Cost capitalized subsequent to acquisition	1
Gross amount carried at close of period, land	456
Gross amount carried at close of period, building and improvements	878
Gross amount carried at close of period, total	1,334
Accumulated depreciation	$ 68
Depreciable life	40 years
Entertainment | California ECA 008
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,630
Initial cost to company, land	2,032
Initial cost to company, building and improvements	4,869
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	2,032
Gross amount carried at close of period, building and improvements	4,869
Gross amount carried at close of period, total	6,901
Accumulated depreciation	$ 332
Depreciable life	40 years
Entertainment | California ECA 009
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,626
Initial cost to company, land	1,097
Initial cost to company, building and improvements	1,882
Cost capitalized subsequent to acquisition	1
Gross amount carried at close of period, land	1,097
Gross amount carried at close of period, building and improvements	1,883
Gross amount carried at close of period, total	2,980
Accumulated depreciation	$ 147
Depreciable life	40 years
Entertainment | California ECA 010
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,549
Initial cost to company, land	990
Initial cost to company, building and improvements	1,910
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	990
Gross amount carried at close of period, building and improvements	1,910
Gross amount carried at close of period, total	2,900
Accumulated depreciation	$ 137
Depreciable life	40 years
Entertainment | California ECA 011
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,838
Initial cost to company, land	1,649
Initial cost to company, building and improvements	3,803
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,649
Gross amount carried at close of period, building and improvements	3,803
Gross amount carried at close of period, total	5,452
Accumulated depreciation	$ 259
Depreciable life	40 years
Entertainment | California ECA 012
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,649
Initial cost to company, land	1,503
Initial cost to company, building and improvements	3,608
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,503
Gross amount carried at close of period, building and improvements	3,608
Gross amount carried at close of period, total	5,111
Accumulated depreciation	$ 237
Depreciable life	40 years
Entertainment | California ECA 013
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,136
Initial cost to company, land	777
Initial cost to company, building and improvements	1,963
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	777
Gross amount carried at close of period, building and improvements	1,963
Gross amount carried at close of period, total	2,740
Accumulated depreciation	$ 158
Depreciable life	40 years
Entertainment | California ECA 014
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 6,880
Depreciable life	40 years
Entertainment | California ECA 015
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 7,507
Depreciable life	40 years
Entertainment | California ECA 016
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,626
Initial cost to company, land	1,167
Initial cost to company, building and improvements	1,930
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,167
Gross amount carried at close of period, building and improvements	1,930
Gross amount carried at close of period, total	3,097
Accumulated depreciation	$ 141
Depreciable life	40 years
Entertainment | Ontario EON 017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,137
Initial cost to company, land	1,231
Initial cost to company, building and improvements	2,491
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,231
Gross amount carried at close of period, building and improvements	2,491
Gross amount carried at close of period, total	3,722
Accumulated depreciation	$ 176
Depreciable life	40 years
Entertainment | Colorado ECO 018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,645
Initial cost to company, land	1,057
Initial cost to company, building and improvements	1,719
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,057
Gross amount carried at close of period, building and improvements	1,719
Gross amount carried at close of period, total	2,776
Accumulated depreciation	$ 133
Depreciable life	40 years
Entertainment | Colorado ECO 019
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,120
Initial cost to company, land	497
Initial cost to company, building and improvements	820
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	497
Gross amount carried at close of period, building and improvements	820
Gross amount carried at close of period, total	1,317
Accumulated depreciation	$ 72
Depreciable life	40 years
Entertainment | Colorado ECO 020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,559
Initial cost to company, land	713
Initial cost to company, building and improvements	2,206
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	713
Gross amount carried at close of period, building and improvements	2,206
Gross amount carried at close of period, total	2,919
Accumulated depreciation	$ 112
Depreciable life	40 years
Entertainment | Colorado ECO 021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 5,625
Initial cost to company, land	2,880
Initial cost to company, building and improvements	5,586
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	2,880
Gross amount carried at close of period, building and improvements	5,586
Gross amount carried at close of period, total	8,466
Accumulated depreciation	$ 345
Depreciable life	40 years
Entertainment | Colorado ECO 022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,650
Initial cost to company, land	1,018
Initial cost to company, building and improvements	1,886
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,018
Gross amount carried at close of period, building and improvements	1,886
Gross amount carried at close of period, total	2,904
Accumulated depreciation	$ 134
Depreciable life	40 years
Entertainment | Colorado ECO 023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,070
Initial cost to company, land	669
Initial cost to company, building and improvements	1,671
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	669
Gross amount carried at close of period, building and improvements	1,671
Gross amount carried at close of period, total	2,340
Accumulated depreciation	$ 119
Depreciable life	40 years
Entertainment | Florida EFL 024
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,174
Initial cost to company, land	757
Initial cost to company, building and improvements	1,347
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	757
Gross amount carried at close of period, building and improvements	1,347
Gross amount carried at close of period, total	2,104
Accumulated depreciation	$ 103
Depreciable life	40 years
Entertainment | Florida EFL 025
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 22,913
Depreciable life	27 years
Entertainment | Florida EFL 026
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 5,424
Depreciable life	40 years
Entertainment | Florida EFL 027
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,259
Initial cost to company, land	513
Initial cost to company, building and improvements	493
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	513
Gross amount carried at close of period, building and improvements	493
Gross amount carried at close of period, total	1,006
Accumulated depreciation	$ 31
Depreciable life	40 years
Entertainment | Florida EFL 028
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,326
Initial cost to company, land	843
Initial cost to company, building and improvements	1,537
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	843
Gross amount carried at close of period, building and improvements	1,537
Gross amount carried at close of period, total	2,380
Accumulated depreciation	$ 119
Depreciable life	40 years
Entertainment | Florida EFL 029
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 6,783
Depreciable life	40 years
Entertainment | Florida EFL 030
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 7,176
Depreciable life	40 years
Entertainment | Georgia EGA 031
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,942
Initial cost to company, land	1,383
Initial cost to company, building and improvements	3,776
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,383
Gross amount carried at close of period, building and improvements	3,776
Gross amount carried at close of period, total	5,159
Accumulated depreciation	$ 227
Depreciable life	40 years
Entertainment | Georgia EGA 032
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 4,621
Initial cost to company, land	2,098
Initial cost to company, building and improvements	5,113
Cost capitalized subsequent to acquisition	(1)
Gross amount carried at close of period, land	2,098
Gross amount carried at close of period, building and improvements	5,112
Gross amount carried at close of period, total	7,210
Accumulated depreciation	$ 300
Depreciable life	40 years
Entertainment | Georgia EGA 033
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,455
Initial cost to company, land	911
Initial cost to company, building and improvements	1,285
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	911
Gross amount carried at close of period, building and improvements	1,285
Gross amount carried at close of period, total	2,196
Accumulated depreciation	$ 95
Depreciable life	40 years
Entertainment | Georgia EGA 034
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,105
Initial cost to company, land	1,180
Initial cost to company, building and improvements	1,436
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,180
Gross amount carried at close of period, building and improvements	1,436
Gross amount carried at close of period, total	2,616
Accumulated depreciation	$ 102
Depreciable life	40 years
Entertainment | Georgia EGA 035
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,252
Initial cost to company, land	715
Initial cost to company, building and improvements	760
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	715
Gross amount carried at close of period, building and improvements	760
Gross amount carried at close of period, total	1,475
Accumulated depreciation	$ 66
Depreciable life	40 years
Entertainment | Georgia EGA 036
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,352
Initial cost to company, land	1,110
Initial cost to company, building and improvements	380
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,110
Gross amount carried at close of period, building and improvements	380
Gross amount carried at close of period, total	1,490
Accumulated depreciation	$ 60
Depreciable life	40 years
Entertainment | Georgia EGA 037
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,084
Initial cost to company, land	893
Initial cost to company, building and improvements	311
Cost capitalized subsequent to acquisition	1
Gross amount carried at close of period, land	893
Gross amount carried at close of period, building and improvements	312
Gross amount carried at close of period, total	1,205
Accumulated depreciation	$ 32
Depreciable life	40 years
Entertainment | Illinois EIL 038
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 3,081
Initial cost to company, land	1,312
Initial cost to company, building and improvements	4,041
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,312
Gross amount carried at close of period, building and improvements	4,041
Gross amount carried at close of period, total	5,353
Accumulated depreciation	$ 314
Depreciable life	40 years
Entertainment | Illinois EIL 039
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,676
Initial cost to company, land	861
Initial cost to company, building and improvements	3,945
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	861
Gross amount carried at close of period, building and improvements	3,945
Gross amount carried at close of period, total	4,806
Accumulated depreciation	$ 238
Depreciable life	40 years
Entertainment | Illinois EIL 040
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 9,403
Depreciable life	40 years
Entertainment | Illinois EIL 041
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,082
Initial cost to company, land	455
Initial cost to company, building and improvements	819
Cost capitalized subsequent to acquisition	1
Gross amount carried at close of period, land	455
Gross amount carried at close of period, building and improvements	820
Gross amount carried at close of period, total	1,275
Accumulated depreciation	$ 47
Depreciable life	40 years
Entertainment | Illinois EIL 042
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,199
Initial cost to company, land	924
Initial cost to company, building and improvements	238
Cost capitalized subsequent to acquisition	1
Gross amount carried at close of period, land	924
Gross amount carried at close of period, building and improvements	239
Gross amount carried at close of period, total	1,163
Accumulated depreciation	$ 97
Depreciable life	40 years
Entertainment | Illinois EIL 043
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,225
Initial cost to company, land	704
Initial cost to company, building and improvements	956
Cost capitalized subsequent to acquisition	(1)
Gross amount carried at close of period, land	704
Gross amount carried at close of period, building and improvements	955
Gross amount carried at close of period, total	1,659
Accumulated depreciation	$ 66
Depreciable life	40 years
Entertainment | Illinois EIL 044
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,950
Initial cost to company, land	2,254
Initial cost to company, building and improvements	3,251
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	2,254
Gross amount carried at close of period, building and improvements	3,251
Gross amount carried at close of period, total	5,505
Accumulated depreciation	$ 289
Depreciable life	40 years
Entertainment | Illinois EIL 045
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,091
Initial cost to company, land	730
Initial cost to company, building and improvements	682
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	730
Gross amount carried at close of period, building and improvements	682
Gross amount carried at close of period, total	1,412
Accumulated depreciation	$ 72
Depreciable life	40 years
Entertainment | Illinois EIL 046
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,772
Initial cost to company, land	1,754
Initial cost to company, building and improvements	3,289
Cost capitalized subsequent to acquisition	(1)
Gross amount carried at close of period, land	1,754
Gross amount carried at close of period, building and improvements	3,288
Gross amount carried at close of period, total	5,042
Accumulated depreciation	$ 238
Depreciable life	40 years
Entertainment | Illinois EIL 047
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 978
Initial cost to company, land	600
Initial cost to company, building and improvements	666
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	600
Gross amount carried at close of period, building and improvements	666
Gross amount carried at close of period, total	1,266
Accumulated depreciation	$ 64
Depreciable life	40 years
Entertainment | Illinois EIL 048
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 622
Initial cost to company, land	342
Initial cost to company, building and improvements	670
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	342
Gross amount carried at close of period, building and improvements	670
Gross amount carried at close of period, total	1,012
Accumulated depreciation	$ 50
Depreciable life	40 years
Entertainment | Illinois EIL 049
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,169
Initial cost to company, land	829
Initial cost to company, building and improvements	1,597
Cost capitalized subsequent to acquisition	(1)
Gross amount carried at close of period, land	829
Gross amount carried at close of period, building and improvements	1,596
Gross amount carried at close of period, total	2,425
Accumulated depreciation	$ 120
Depreciable life	40 years
Entertainment | Maryland EMD 050
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,704
Initial cost to company, land	1,762
Initial cost to company, building and improvements	1,300
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,762
Gross amount carried at close of period, building and improvements	1,300
Gross amount carried at close of period, total	3,062
Accumulated depreciation	$ 124
Depreciable life	40 years
Entertainment | Maryland EMD 051
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,325
Initial cost to company, land	889
Initial cost to company, building and improvements	1,632
Cost capitalized subsequent to acquisition	1
Gross amount carried at close of period, land	889
Gross amount carried at close of period, building and improvements	1,633
Gross amount carried at close of period, total	2,522
Accumulated depreciation	$ 96
Depreciable life	40 years
Entertainment | Minnesota EMN 052
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,619
Initial cost to company, land	1,801
Initial cost to company, building and improvements	2,814
Cost capitalized subsequent to acquisition	(1)
Gross amount carried at close of period, land	1,801
Gross amount carried at close of period, building and improvements	2,813
Gross amount carried at close of period, total	4,614
Accumulated depreciation	$ 250
Depreciable life	40 years
Entertainment | Minnesota EMN 053
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,612
Initial cost to company, land	1,455
Initial cost to company, building and improvements	2,036
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,455
Gross amount carried at close of period, building and improvements	2,036
Gross amount carried at close of period, total	3,491
Accumulated depreciation	$ 180
Depreciable life	40 years
Entertainment | Minnesota EMN 054
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 6,265
Depreciable life	40 years
Entertainment | Minnesota EMN 055
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,668
Initial cost to company, land	1,496
Initial cost to company, building and improvements	2,117
Cost capitalized subsequent to acquisition	(1)
Gross amount carried at close of period, land	1,496
Gross amount carried at close of period, building and improvements	2,116
Gross amount carried at close of period, total	3,612
Accumulated depreciation	$ 166
Depreciable life	40 years
Entertainment | Minnesota EMN 056
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,670
Initial cost to company, land	1,910
Initial cost to company, building and improvements	3,373
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,910
Gross amount carried at close of period, building and improvements	3,373
Gross amount carried at close of period, total	5,283
Accumulated depreciation	$ 230
Depreciable life	40 years
Entertainment | Minnesota EMN 057
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 4,410
Depreciable life	40 years
Entertainment | Missouri EMO 058
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,904
Initial cost to company, land	1,936
Initial cost to company, building and improvements	3,381
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,936
Gross amount carried at close of period, building and improvements	3,381
Gross amount carried at close of period, total	5,317
Accumulated depreciation	$ 227
Depreciable life	40 years
Entertainment | Missouri EMO 059
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,366
Initial cost to company, land	803
Initial cost to company, building and improvements	1,408
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	803
Gross amount carried at close of period, building and improvements	1,408
Gross amount carried at close of period, total	2,211
Accumulated depreciation	$ 92
Depreciable life	40 years
Entertainment | New Jersey ENJ 060
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	750
Initial cost to company, building and improvements	10,670
Cost capitalized subsequent to acquisition	678
Gross amount carried at close of period, land	750
Gross amount carried at close of period, building and improvements	11,348
Gross amount carried at close of period, total	12,098
Accumulated depreciation	$ 516
Depreciable life	40 years
Entertainment | New Jersey ENJ 061
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,589
Initial cost to company, land	1,141
Initial cost to company, building and improvements	2,094
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,141
Gross amount carried at close of period, building and improvements	2,094
Gross amount carried at close of period, total	3,235
Accumulated depreciation	$ 123
Depreciable life	40 years
Entertainment | New Jersey ENJ 062
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,457
Initial cost to company, land	1,354
Initial cost to company, building and improvements	1,314
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,354
Gross amount carried at close of period, building and improvements	1,314
Gross amount carried at close of period, total	2,668
Accumulated depreciation	$ 151
Depreciable life	40 years
Entertainment | New York ENY 063
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	501
Gross amount carried at close of period, land	587
Gross amount carried at close of period, building and improvements	3,191
Gross amount carried at close of period, total	3,778
Accumulated depreciation	$ 84
Depreciable life	40 years
Entertainment | Ohio EOH 064
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 949
Initial cost to company, land	290
Initial cost to company, building and improvements	1,057
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	290
Gross amount carried at close of period, building and improvements	1,057
Gross amount carried at close of period, total	1,347
Accumulated depreciation	$ 47
Depreciable life	40 years
Entertainment | Pennsylvania EPA 065
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 825
Initial cost to company, land	410
Initial cost to company, building and improvements	759
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	410
Gross amount carried at close of period, building and improvements	759
Gross amount carried at close of period, total	1,169
Accumulated depreciation	$ 68
Depreciable life	40 years
Entertainment | Texas ETX 066
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 1,169
Initial cost to company, land	712
Initial cost to company, building and improvements	763
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	712
Gross amount carried at close of period, building and improvements	763
Gross amount carried at close of period, total	1,475
Accumulated depreciation	$ 58
Depreciable life	40 years
Entertainment | Texas ETX 067
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 955
Initial cost to company, land	379
Initial cost to company, building and improvements	266
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	379
Gross amount carried at close of period, building and improvements	266
Gross amount carried at close of period, total	645
Accumulated depreciation	$ 29
Depreciable life	40 years
Entertainment | Texas ETX 068
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,125
Initial cost to company, land	1,073
Initial cost to company, building and improvements	2,274
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,073
Gross amount carried at close of period, building and improvements	2,274
Gross amount carried at close of period, total	3,347
Accumulated depreciation	$ 144
Depreciable life	40 years
Entertainment | Washington EWA 069
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 2,134
Initial cost to company, land	1,608
Initial cost to company, building and improvements	4,010
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,608
Gross amount carried at close of period, building and improvements	4,010
Gross amount carried at close of period, total	5,618
Accumulated depreciation	$ 269
Depreciable life	40 years
Entertainment | Washington EWA 070
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 3,058
Depreciable life	40 years
Retail
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	22,135
Initial cost to company, building and improvements	34,724
Cost capitalized subsequent to acquisition	25,211
Gross amount carried at close of period, land	21,997
Gross amount carried at close of period, building and improvements	60,073
Gross amount carried at close of period, total	82,070
Accumulated depreciation	20,307
Retail | Arizona RAZ 001
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	248
Gross amount carried at close of period, land	2,657
Gross amount carried at close of period, building and improvements	2,914
Gross amount carried at close of period, total	5,571
Accumulated depreciation	$ 673
Depreciable life	40 years
Retail | Colorado RCO 002
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 1,721
Depreciable life	40 years
Retail | Florida RFL 003
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	10,285
Gross amount carried at close of period, land	3,908
Gross amount carried at close of period, building and improvements	10,327
Gross amount carried at close of period, total	14,235
Accumulated depreciation	$ 3,413
Depreciable life	40 years
Retail | Hawaii RHI 004
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(7,507)
Gross amount carried at close of period, land	3,393
Gross amount carried at close of period, building and improvements	13,648
Gross amount carried at close of period, total	17,041
Accumulated depreciation	$ 4,207
Depreciable life	40 years
Retail | Illinois RIL 005
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	1,775
Gross amount carried at close of period, land	0
Gross amount carried at close of period, building and improvements	2,111
Gross amount carried at close of period, total	2,111
Accumulated depreciation	$ 1,261
Depreciable life	40 years
Retail | New Mexico RNM 006
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	8,728
Gross amount carried at close of period, land	1,705
Gross amount carried at close of period, building and improvements	8,756
Gross amount carried at close of period, total	10,461
Accumulated depreciation	$ 3,017
Depreciable life	40 years
Retail | New York RNY 007
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 2,666
Depreciable life	40 years
Retail | Texas RTX 008
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(187)
Gross amount carried at close of period, land	3,514
Gross amount carried at close of period, building and improvements	4,052
Gross amount carried at close of period, total	7,566
Accumulated depreciation	$ 1,393
Depreciable life	40 years
Retail | Utah RUT 009
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 1,956
Depreciable life	40 years
Hotel
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	22,228
Initial cost to company, building and improvements	83,037
Cost capitalized subsequent to acquisition	(23,678)
Gross amount carried at close of period, land	7,651
Gross amount carried at close of period, building and improvements	73,936
Gross amount carried at close of period, total	81,587
Accumulated depreciation	11,699
Hotel | Hawaii HHI 001
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(31,160)
Gross amount carried at close of period, land	3,419
Gross amount carried at close of period, building and improvements	1,413
Gross amount carried at close of period, total	4,832
Accumulated depreciation	$ 4,531
Depreciable life	40 years
Hotel | New Jersey HNJ 002
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	297
Initial cost to company, building and improvements	18,299
Cost capitalized subsequent to acquisition	3,850
Gross amount carried at close of period, land	297
Gross amount carried at close of period, building and improvements	22,149
Gross amount carried at close of period, total	22,446
Accumulated depreciation	$ 614
Depreciable life	40 years
Hotel | New Jersey HNJ 003
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	120
Initial cost to company, building and improvements	6,548
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	120
Gross amount carried at close of period, building and improvements	6,548
Gross amount carried at close of period, total	6,668
Accumulated depreciation	$ 82
Depreciable life	40 years
Hotel | New Jersey HNJ 004
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	3,815
Initial cost to company, building and improvements	40,194
Cost capitalized subsequent to acquisition	3,632
Gross amount carried at close of period, land	3,815
Gross amount carried at close of period, building and improvements	43,826
Gross amount carried at close of period, total	47,641
Accumulated depreciation	$ 6,472
Depreciable life	40 years
Apartment/Residential
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	49,446
Initial cost to company, building and improvements	116,881
Cost capitalized subsequent to acquisition	(157,978)
Gross amount carried at close of period, land	1,726
Gross amount carried at close of period, building and improvements	6,623
Gross amount carried at close of period, total	8,349
Accumulated depreciation	0
Apartment/Residential | California ACA 001
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(50,009)
Gross amount carried at close of period, land	76
Gross amount carried at close of period, building and improvements	305
Gross amount carried at close of period, total	381
Accumulated depreciation	$ 0
Depreciable life	0 years
Apartment/Residential | Georgia AGA 002
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(7,200)
Gross amount carried at close of period, land	1,523
Gross amount carried at close of period, building and improvements	6,090
Gross amount carried at close of period, total	7,613
Accumulated depreciation	$ 0
Depreciable life	0 years
Apartment/Residential | New Jersey ANJ 003
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	(100,769)
Gross amount carried at close of period, land	127
Gross amount carried at close of period, building and improvements	228
Gross amount carried at close of period, total	355
Accumulated depreciation	$ 0
Depreciable life	0 years
Mixed Use
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	577
Mixed Use | California MCA 001
SEC Schedule, 12-28, Real Estate Companies, Investment in 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	$ 577
Depreciable life	40 years
Land and Land Development Assets
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Accumulated depreciation	$ 9,600
Assets Held-for-Sale
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Accumulated depreciation	$ 4,500

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Real Estate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at January 1	$ 2,710,512	$ 2,577,195	$ 2,997,351
Improvements and additions	134,035	203,124	167,676
Acquisitions through foreclosure	0	4,600	0
Other acquisitions	231,436	762,207	5,164
Dispositions	(464,648)	(656,900)	(561,431)
Other	(236,545)	0	0
Impairments	(10,377)	(179,714)	(31,565)
Balance at December 31	$ 2,364,413	$ 2,710,512	$ 2,577,195

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation - Accumulated Depreciation Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Balance at January 1	$ (318,724)	$ (366,265)	$ (426,982)
Additions	(45,615)	(48,376)	(44,270)
Other	44,200	0	0
Dispositions	72,141	95,917	104,987
Balance at December 31	$ (247,998)	$ (318,724)	$ (366,265)

Schedule IV - Mortgage Loans _2

Schedule IV - Mortgage Loans on Real Estate - Schedule of Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 602,352
Carrying amount of mortgages	561,761	$ 730,515	$ 752,129	$ 915,905
Reserves on impaired loans	21,700
Borrower A
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	0
Face Amount of Mortgages	97,366
Carrying amount of mortgages	$ 97,443
Borrower A | LIBOR | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	4.50%
Borrower A | LIBOR | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	4.50%
Borrower B
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	94,175
Carrying amount of mortgages	$ 93,721
Borrower B | LIBOR | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	6.00%
Borrower B | LIBOR | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	6.00%
Borrower C
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	47,908
Carrying amount of mortgages	$ 48,536
Borrower C | LIBOR | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	6.75%
Borrower C | LIBOR | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	6.75%
Borrower D
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	52,056
Carrying amount of mortgages	$ 52,493
Borrower D | LIBOR | Minimum | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	4.00%
Borrower D | LIBOR | Minimum | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	4.00%
Borrower D | LIBOR | Maximum | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	12.35%
Borrower D | LIBOR | Maximum | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	12.35%
Borrower E
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	49,682
Carrying amount of mortgages	$ 49,539
Borrower E | LIBOR | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	4.75%
Borrower E | LIBOR | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	4.75%
Borrower F
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	12,605
Carrying amount of mortgages	$ 12,543
Borrower F | LIBOR | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	5.00%
Borrower F | LIBOR | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	5.00%
Borrower G
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	46,592
Carrying amount of mortgages	$ 46,308
Borrower G | LIBOR | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	5.25%
Borrower G | LIBOR | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	5.25%
Borrower H
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	38,912
Carrying amount of mortgages	$ 38,614
Borrower H | LIBOR | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	6.00%
Borrower H | LIBOR | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	6.00%
Borrower I
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	34,301
Carrying amount of mortgages	$ 34,158
Borrower I | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	5.75%
Borrower I | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	5.75%
Borrower J
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	35,656
Carrying amount of mortgages	$ 35,640
Borrower J | LIBOR | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	4.50%
Borrower J | LIBOR | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	4.50%
Borrower K
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	56,341
Carrying amount of mortgages	$ 16,119
Borrower K | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	3.00%
Borrower K | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	3.00%
Senior mortgages individually less than 3 percent
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 25,884
Carrying amount of mortgages	$ 25,769
Senior mortgages individually less than 3 percent | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	9.68%
Senior mortgages individually less than 3 percent | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	9.68%
Senior mortgages individually less than 3 percent | LIBOR | Minimum | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	5.00%
Senior mortgages individually less than 3 percent | LIBOR | Minimum | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	5.00%
Senior mortgages individually less than 3 percent | LIBOR | Maximum | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	5.25%
Senior mortgages individually less than 3 percent | LIBOR | Maximum | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Basis spread on variable rate (as a percent)	5.25%
Senior mortgages
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 591,478
Carrying amount of mortgages	550,883
Subordinate mortgages individually less than 3 percent
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	10,874
Carrying amount of mortgages	$ 10,878
Subordinate mortgages individually less than 3 percent | Minimum | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	6.80%
Subordinate mortgages individually less than 3 percent | Minimum | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	6.80%
Subordinate mortgages individually less than 3 percent | Maximum | Contractual Interest Accrual Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	14.00%
Subordinate mortgages individually less than 3 percent | Maximum | Contractual Interest Payment Rates
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Fixed interest rate (as a percent)	14.00%
Subordinate mortgages
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 10,874
Carrying amount of mortgages	$ 10,878

Schedule IV - Mortgage Loans _3

Schedule IV - Mortgage Loans on Real Estate - Reconciliation of Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at January 1	$ 730,515	$ 752,129	$ 915,905
Additions:
New mortgage loans	11,667	381,133	265,966
Additions under existing mortgage loans	164,120	157,702	132,703
Other	25,740	25,778	23,388
Deductions:
Collections of principal	(355,769)	(501,466)	(528,321)
Recovery of (provision for) loan losses	(493)	(45)	28
Transfers to real estate and equity investments	(13,987)	(84,684)	(57,505)
Amortization of premium	(32)	(32)	(35)
Balance at December 31	561,761	$ 730,515	752,129
Charge offs	$ 19,200		$ 1,200

Uncategorized Items - star-1231

Label	Element	Value
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 75,593,000
AOCI Attributable to Parent [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 276,000