Safehold 10-K 23 Feb 21 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Feb. 19, 2021	Jun. 30, 2020
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Current Fiscal Year End Date	--12-31
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
ICFR Auditor Attestation Flag	true
Entity Public Float			$ 889.5
Entity Common Stock, Shares Outstanding (in shares)		73,871,977
Documents Incorporated by Reference	Portions of the registrant's definitive proxy statement for the registrant's 2021 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
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Common Stock, $0.001 par value
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, 2020	Dec. 31, 2019
Real estate
Real estate, at cost	[1]	$ 1,752,053	$ 1,761,079
Less: accumulated depreciation	[1]	(267,772)	(233,860)
Real estate, net	[1]	1,484,281	1,527,219
Real estate available and held for sale	[1]	5,212	8,650
Total real estate	[1]	1,489,493	1,535,869
Net investment in leases	[1]	429,101	418,915
Land and development, net	[1]	430,663	580,545
Loans receivable and other lending investments, net	[1]	732,330	827,861
Other investments	[1]	1,176,560	907,875
Cash and cash equivalents	[1]	98,633	307,172
Accrued interest and operating lease income receivable, net	[1]	10,061	10,162
Deferred operating lease income receivable, net	[1]	58,128	54,222
Deferred expenses and other assets, net	[1]	436,839	442,488
Total assets	[1]	4,861,808	5,085,109
Liabilities:
Accounts payable, accrued expenses and other liabilities	[1]	467,922	424,374
Liabilities associated with properties held for sale	[1]	27	57
Loan participations payable, net	[1]	42,501	35,638
Debt obligations, net	[1]	3,286,975	3,387,080
Total liabilities	[1]	3,797,425	3,847,149
Commitments and contingencies (refer to Note 12)	[1]
iStar Inc. shareholders' equity:
Preferred Stock Series D, G and I, liquidation preference $25.00 per share (refer to Note 14)	[1]	12	12
Common Stock, $0.001 par value, 200,000 shares authorized, 73,967 and 77,810 shares issued and outstanding as of December 31, 2020 and 2019, respectively	[1]	74	78
Additional paid-in capital	[1]	3,240,535	3,284,877
Accumulated deficit	[1]	(2,316,972)	(2,205,838)
Accumulated other comprehensive loss (refer to Note 14)	[1]	(52,680)	(38,707)
Total iStar Inc. shareholders' equity	[1]	870,969	1,040,422
Noncontrolling interests	[1]	193,414	197,538
Total equity	[1]	1,064,383	1,237,960
Total liabilities and equity	[1]	$ 4,861,808	$ 5,085,109
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Liquidation preference (in dollars per share)	$ 25	$ 25
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	200,000	200,000
Common stock, shares issued (in shares)	73,967	77,810
Common stock, shares outstanding (in shares)	73,967	77,810

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenues:
Total revenues	$ 530,949	$ 479,496	$ 798,122
Costs and expenses:
Interest expense	169,574	183,919	183,751
Depreciation and amortization	58,092	58,259	58,699
General and administrative	100,879	98,609	92,135
Provision for loan losses	9,052	6,482	16,937
Provision for losses on net investment in leases	1,760	0	0
Impairment of assets	7,827	13,419	147,108
Other expense	569	13,120	6,040
Total costs and expenses	597,973	575,897	994,140
Income from sales of real estate	6,318	236,623	126,004
Income (loss) from operations before earnings from equity method investments and other items	(60,706)	140,222	(70,014)
Loss on early extinguishment of debt, net	(12,038)	(27,724)	(10,367)
Earnings (losses) from equity method investments	42,126	41,849	(5,007)
Selling profit from sales-type leases	0	180,416	0
Gain on consolidation of equity method investment	0	0	67,877
Net income (loss) from operations before income taxes	(30,618)	334,763	(17,511)
Income tax expense	(235)	(438)	(815)
Net income (loss)	(30,853)	334,325	(18,326)
Net income attributable to noncontrolling interests	(11,588)	(10,283)	(13,936)
Net income (loss) attributable to iStar Inc.	(42,441)	324,042	(32,262)
Preferred dividends	(23,496)	(32,495)	(32,495)
Net income (loss) allocable to common shareholders	$ (65,937)	$ 291,547	$ (64,757)
Net income (loss) allocable to common shareholders
Basic (in dollars per share)	$ (0.87)	$ 4.51	$ (0.95)
Diluted (in dollars per share)	$ (0.87)	$ 3.73	$ (0.95)
Weighted average number of common shares:
Basic (in shares)	75,684	64,696	67,958
Diluted (in shares)	75,684	80,666	67,958
Operating lease income
Revenues:
Total revenues	$ 188,722	$ 206,388	$ 208,192
Interest income
Revenues:
Total revenues	60,116	77,654	97,878
Interest income from sales-type leases
Revenues:
Total revenues	33,552	20,496	0
Other income
Revenues:
Total revenues	83,857	55,363	82,342
Land development
Revenues:
Total revenues	164,702	119,595	409,710
Costs and expenses:
Cost of sales expense	177,727	109,663	350,181
Real estate expense
Costs and expenses:
Cost of sales expense	$ 72,493	$ 92,426	$ 139,289

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ (30,853)	$ 334,325	$ (18,326)
Other comprehensive income (loss):
Impact from adoption of new accounting standards		0	0	276
Reclassification of losses on cumulative translation adjustment into earnings upon realization	[1]	0	0	721
Reclassification of (gains) losses on cash flow hedges into earnings upon realization	[2]	8,075	14,524	(1,508)
Unrealized gains (losses) on available-for-sale securities		1,838	2,280	(1,135)
Unrealized gains (losses) on cash flow hedges		(28,290)	(42,582)	(14,699)
Unrealized losses on cumulative translation adjustment		0	0	(364)
Other comprehensive income (loss)		(18,377)	(25,778)	(16,709)
Comprehensive income (loss)		(49,230)	308,547	(35,035)
Comprehensive income attributable to noncontrolling interests		(7,184)	(5,942)	(12,015)
Comprehensive income (loss) attributable to iStar Inc.		$ (56,414)	$ 302,605	$ (47,050)
[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 $6,974, $1,861 and $388 for the years ended December 31, 2020, 2019 and 2018, 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 $1,101, $184 and $(20), respectively, for the years ended December 31, 2020, 2019 and 2018. 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, 2020	Dec. 31, 2019	Dec. 31, 2018
Interest expense	$ 169,574	$ 183,919	$ 183,751
Losses (earnings) from equity method investments	(42,126)	(41,849)	5,007
Other expenses	569	13,120	6,040
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge
Interest expense	6,974	1,861	388
Gain on consolidation of equity method investment			1,876
Losses (earnings) from equity method investments	$ 1,101	184	$ (20)
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		Cumulative Effect, Period of Adoption, Adjustment	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)Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling Interests
Beginning balance at Dec. 31, 2017		$ 914,249		$ 75,869		$ 12		$ 4		$ 68		$ 3,352,665		$ (2,470,564)	$ 75,593	$ (2,482)	$ 276	$ 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)		(18,326)												(32,262)				13,936
Change in accumulated other comprehensive income (loss)		(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 (refer to Note 8)		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)		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 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	[3]	$ (12,382)		12		0		78		3,284,877		(2,205,838)	$ (12,382)	(38,707)		197,538
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]		us-gaap:AccountingStandardsUpdate201613Member
Dividends declared—preferred		$ (23,496)												(23,496)
Dividends declared—common		(32,815)												(32,815)
Issuance of stock/restricted stock unit amortization, net		7,424								1		4,060						3,363
Net income (loss)		(30,853)												(42,441)				11,588
Change in accumulated other comprehensive income (loss)		(18,377)														(13,973)		(4,404)
Repurchase of stock		(48,407)								(5)		(48,402)
Contributions from noncontrolling interests		496																496
Distributions to noncontrolling interests		(15,167)																(15,167)
Ending balance at Dec. 31, 2020		$ 1,064,383	[3]			$ 12		$ 0		$ 74		$ 3,240,535		$ (2,316,972)		$ (52,680)		$ 193,414
[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]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends declared - common (in dollars per share)	$ 0.43	$ 0.39	$ 0.18

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net income (loss)	$ (30,853)	$ 334,325	$ (18,326)
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Provision for loan losses	9,052	6,482	16,937
Provision for losses on net investment in leases	1,760	0	0
Impairment of assets	7,827	13,419	147,108
Depreciation and amortization	58,092	58,259	58,699
Non-cash interest income from sales-type leases	(24,969)	(3,781)	0
Stock-based compensation expense	39,354	30,436	17,563
Amortization of discounts/premiums and deferred financing costs on debt obligations, net	13,328	13,847	15,422
Amortization of discounts/premiums and deferred interest on loans, net	(30,738)	(42,342)	(41,168)
Deferred interest on loans received	20,661	10,397	40,463
Gain from consolidation of equity method investment	0	0	(67,877)
Selling profit from sales-type leases	0	(180,416)	0
Losses (earnings) from equity method investments	(42,126)	(41,849)	5,007
Distributions from operations of other investments	24,826	30,058	18,133
Deferred operating lease income	(14,052)	(16,185)	(14,989)
Income from sales of real estate	(6,318)	(236,623)	(126,004)
Land development revenue in excess of cost of sales	13,025	(9,932)	(59,529)
Loss on early extinguishment of debt, net	12,038	27,724	10,367
Other operating activities, net	(19,496)	13,642	3,377
Changes in assets and liabilities:
Changes in accrued interest and operating lease income receivable, net	(2,311)	417	949
Changes in deferred expenses and other assets, net	(5,351)	(5,848)	(1,925)
Changes in accounts payable, accrued expenses and other liabilities, net	(1,863)	(47,655)	(28,335)
Cash flows provided by (used in) operating activities	21,886	(45,625)	(24,128)
Cash flows from investing activities:
Originations and fundings of loans receivable, net	(119,368)	(255,804)	(482,143)
Capital expenditures on real estate assets	(15,798)	(39,946)	(60,495)
Capital expenditures on land and development assets	(40,954)	(117,514)	(128,543)
Acquisitions of real estate, net investments in leases and land assets	0	(240,487)	(19,454)
Repayments of and principal collections on loans receivable and other lending investments, net	208,240	419,800	832,982
Net proceeds from sales of loans receivable	11,000	5,898	0
Net proceeds from sales of real estate	48,415	329,971	411,786
Net proceeds from sales of land and development assets	161,063	114,885	223,416
Cash, cash equivalents and restricted cash acquired upon consolidation of equity method investment	0	0	13,608
Distributions from other investments	39,871	62,911	40,804
Contributions to and acquisition of interest in other investments	(260,121)	(656,720)	(94,578)
Other investing activities, net	(1,169)	(21,090)	41,476
Cash flows provided by investing activities	31,179	(398,096)	778,859
Cash flows from financing activities:
Borrowings from debt obligations	802,913	1,486,980	704,360
Repayments and repurchases of debt obligations	(913,501)	(1,482,558)	(944,800)
Purchase of marketable securities in connection with the defeasance of mortgage notes payable	0	0	(110,939)
Preferred dividends paid	(23,496)	(32,495)	(32,496)
Common dividends paid	(32,664)	(25,059)	(12,227)
Repurchase of stock	(54,565)	(68,289)	(8,304)
Payments for deferred financing costs	(7,711)	(19,928)	(5,471)
Payments for withholding taxes upon vesting of stock-based compensation	(2,716)	(4,475)	(4,807)
Contributions from noncontrolling interests	496	2,812	13,927
Distributions to and redemption of noncontrolling interests	(15,167)	(14,998)	(60,743)
Payments for debt prepayment or extinguishment costs	(8,567)	(20,606)	(4,132)
Other financing activities, net	0	(13)	7,693
Cash flows used in financing activities	(254,978)	(178,629)	(457,939)
Effect of exchange rate changes on cash	273	12	19
Changes in cash, cash equivalents and restricted cash	(201,640)	(622,338)	296,811
Cash, cash equivalents and restricted cash at beginning of period	352,206	974,544	677,733
Cash, cash equivalents and restricted cash at end of period	150,566	352,206	974,544
Supplemental disclosure of cash flow information:
Cash paid during the period for interest, net of amount capitalized	142,453	181,520	171,590
Supplemental disclosure of non-cash investing and financing activity:
Fundings and repayments of loan receivables and loan participations, net	6,720	13,014	(80,095)
Sales-type lease origination	0	411,523	0
Acquisitions of real estate and land and development assets through deed-in-lieu	0	0	4,600
Contributions of real estate and land and development assets to equity method investments, net	0	4,073	0
Accounts payable for capital expenditures on land and development assets	0	0	16,052
Marketable securities transferred in connection with the defeasance of mortgage notes payable	0	0	110,939
Accounts payable for capital expenditures on real estate assets	7,604	0	0
Acquisition of land and development asset through joint venture consolidation	0	27,000	0
Conversion of Series J convertible preferred stock	0	193,510	0
Defeasance of mortgage notes payable	0	0	(105,785)
Accrued finance costs	115	2,362	0
Accrued stock repurchases	200	6,358	0
Assumption of mortgage by third party	0	228,000	0
Financing provided on sales of land and development assets, net	0	0	142,639
Increase in net lease assets upon consolidation of equity method investment	0	0	844,550
Increase in debt obligations upon consolidation of equity method investment	0	0	464,706
Increase in noncontrolling interests upon consolidation of equity method investment	$ 0	$ 0	$ 200,093

Business and Organization

Business and Organization	12 Months Ended
	Dec. 31, 2020
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 net lease, real estate finance, 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, 2020
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"). 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, 2020. The following table presents the assets and liabilities of the Company's consolidated VIEs as of December 31, 2020 and 2019 ($ in thousands): As of December 31, December 31, ASSETS Real estate Real estate, at cost $ 899,110 $ 891,000 Less: accumulated depreciation (61,917) (37,542) Real estate, net 837,193 853,458 Land and development, net 240,137 273,617 Other investments 35 45 Cash and cash equivalents 22,571 19,112 Accrued interest and operating lease income receivable, net 1,472 1,208 Deferred operating lease income receivable, net 29,428 19,547 Deferred expenses and other assets, net 122,591 134,117 Total assets $ 1,253,427 $ 1,301,104 LIABILITIES Accounts payable, accrued expenses and other liabilities $ 115,581 $ 107,455 Debt obligations, net 488,719 482,918 Total liabilities 604,300 590,373

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies The following paragraph describes the impact on the Company's consolidated financial statements from the adoption of Accounting Standards Updates ("ASUs") on January 1, 2020. The Company adopted ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"), as amended, on January 1, 2020 using the modified retrospective approach method. Under the modified retrospective approach, the Company recorded a cumulative effect adjustment to retained earnings by increasing its allowance for loan losses and recording an initial allowance for losses on net investment in leases. Periods presented that are prior to the adoption date of January 1, 2020 will not be adjusted. ASU 2016-13 replaced the incurred loss impairment methodology with a methodology that reflects a current expected credit loss ("Expected Loss"). ASU 2016-13 impacted all of the Company’s investments held at amortized cost, which included its loans (including unfunded loan commitments), financing receivables, net investment in leases and held-to-maturity debt securities. Upon adoption of ASU 2016-13 on January 1, 2020, the Company recorded an increase to its allowance for loan losses of $3.3 million and an initial allowance for losses on net investment in leases of $9.1 million, both of which were recorded as a cumulative effect adjustment to retained earnings. Subsequent increases or decreases in the allowance for loan losses or the allowance for losses on net investment in leases will be charged to "Provision for (recovery of) loan losses" and "Provision for (recovery of) losses on net investment in leases," respectively, in the Company's consolidated statements of operations. Refer to "Significant Accounting Policies" below for more information on how the Company determines its allowance for loan losses and its allowance for losses on net investment in leases. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform ("ASU 2020-04"). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU 2020-04 is optional and may be elected over time as reference rate reform activities occur. In March 2020, the Company elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. 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— Gains 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 estimated 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 net of any unamortized acquisition premiums or discounts and unamortized deferred loan costs or fees. These loans and debt securities could 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 recorded 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 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. The Company may acquire 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 allowance 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 and derivative transactions. Restricted cash is included in "Deferred expenses and other assets, net" on the Company's consolidated balance sheets. Variable interest entities — The Company evaluates its investments and other contractual arrangements to determine if they constitute variable interests in a VIE. A VIE is an entity where a controlling financial interest is achieved through means other than voting rights. A VIE is consolidated by the primary beneficiary, which is the party that has the power to direct matters that most significantly impact the activities of the VIE and has the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. This overall consolidation assessment includes a review of, among other factors, which interests create or absorb variability, contractual terms, the key decision making powers, their impact on the VIE's economic performance, and related party relationships. Where qualitative assessment is not conclusive, the Company performs a quantitative analysis. The Company reassesses its evaluation of the primary beneficiary of a VIE on an ongoing basis and assesses its evaluation of an entity as a VIE upon certain reconsideration events. Deferred expenses and other assets / Accounts payable, accrued expenses and other liabilities — Deferred expenses and other assets include right-of-use lease assets, 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. 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, 2020, 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. The Company moves to cash basis operating lease income recognition in the period in which collectability of all lease payments is no longer considered probable. At such time, any operating lease receivable or deferred operating lease income receivable balance will be written off. If and when lease payments that were previously not considered probable of collection become probable, the Company will move back to the straight-line method of income recognition and record an adjustment to operating lease income in that period as if the lease was always on the straight-line method of income recognition. 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 it on non-accrual status at such time as: (1) interest payments become 90 days delinquent; (2) it 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 mark-to-market gains on equity method investments, management fees, other ancillary income from our operating properties, land and development projects and loan portfolio and revenues from hotel operations, which are recognized when rooms are occupied and the related services are provided. Hotel revenues include room sales, food and beverage sales, parking, telephone, spa services and gift shop sales. Other ancillary income could include gains from sales of loans, loan prepayment fees, yield maintenance payments, lease termination fees and other ancillary income. Land development revenue and cost of sales: Land development revenue includes lot and parcel sales from wholly-owned properties and is recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company primarily uses specific identification and the relative sales value method to allocate costs. Allowance for loan losses and net investment in leases — The Company performs quarterly a comprehensive analysis of its loan and sales-type lease portfolios and assigns risk ratings that incorporate management's current judgments about 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 or tenant financial resources and investment collateral, collateral type, project economics and geographical location as well as national and regional economic factors. This methodology results in loans and sales-type leases being risk rated, with ratings ranging from "1" to "5" with "1" representing the lowest risk of loss and "5" representing the highest risk of loss. Upon adoption of ASU 2016-13 on January 1, 2020, the Company estimates its Expected Loss on its loans (including unfunded loan commitments), held-to-maturity debt securities and net investment in leases based on relevant information including historical realized loss rates, current market conditions and reasonable and supportable forecasts that affect the collectability of its investments. The estimate of the Company's Expected Loss requires significant judgment and the Company analyzes its loan portfolio based upon its different categories of financial assets, which includes: (i) loans and held-to-maturity debt securities; (ii) construction loans; and (iii) net investment in leases and financings that resulted from the acquisition of properties that did not qualify as a sale leaseback transaction and, as such, are accounted for as financing receivables (refer to Note 5). For the Company's loans, held-to-maturity debt securities, construction loans, net investment in leases and financings that resulted from the acquisition of properties that did not qualify as sale leaseback transactions, the Company analyzed its historical realized loss experience to estimate its Expected Loss. The Company adjusted its Expected Loss through the use of third-party market data that provided current and future economic conditions that may impact the performance of the commercial real estate assets securing its investments. The Company considers a loan or sales-type lease to be non-performing and places it on non-accrual status at such time as: (1) interest payments become 90 days delinquent; (2) it 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 or sales-type lease. Non-accrual loans or sales-type leases are returned to accrual status when they have become contractually current and management believes all amounts contractually owed will be received. The Company will record a specific allowance on a non-performing loan or sales-type lease if the Company determines that the collateral fair value less costs to sell is less than the carrying value of the collateral-dependent asset. The specific allowance is increased (decreased) through "Provision for (recovery of) loan losses" or "Provision for losses on net investment in leases" 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 or tenant as the Company works toward a settlement or other alternative resolution, which can impact the potential for repayment or receipt of collateral. The Company's policy is to charge off a loan when it determines, based on a variety of factors,

Real Estate

Real Estate	12 Months Ended
	Dec. 31, 2020
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, 2020 Land, at cost $ 188,418 $ 103,530 $ 291,948 Buildings and improvements, at cost 1,353,683 106,422 1,460,105 Less: accumulated depreciation (250,198) (17,574) (267,772) Real estate, net 1,291,903 192,378 1,484,281 Real estate available and held for sale (2) — 5,212 5,212 Total real estate $ 1,291,903 $ 197,590 $ 1,489,493 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 _______________________________________________________________________________ (1) As of December 31, 2020 and 2019, real estate, net included $755.5 million and $768.6 million, respectively, of real estate of the Net Lease Venture (refer to Net Lease Venture below). (2) As of December 31, 2020 and 2019, the Company had $5.2 million and $8.7 million, respectively, of residential condominiums available for sale in its operating properties portfolio. Net Lease Venture —In February 2014, the Company partnered with a sovereign wealth fund to form a venture to acquire and develop net lease assets (the "Net Lease Venture") 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 $67.9 million in "Gain on consolidation of equity method investment" in the Company's consolidated statement of operations as a result of the consolidation. The Net Lease Venture had previously been accounted for as an equity method investment. The Company has an equity interest in the Net Lease Venture of approximately 51.9%. The Company is responsible for sourcing new opportunities and managing the venture and its assets in exchange for a management fee and incentive fee. Several of the Company's senior executives whose time is substantially devoted to the Net Lease Venture own a total of 0.6% equity ownership in the venture via co-investment. These senior executives are also entitled to an amount equal to 50% of any incentive fee received based on the 47.5% external partner's interest. Real Estate Available and Held for Sale— The following table presents the carrying value of properties transferred to held for sale, by segment ($ in millions): (1) Years Ended December 31, Property Type 2020 2019 2018 Operating Properties $ — $ 14.5 $ 23.2 Net Lease 8.9 185.9 8.1 Total $ 8.9 $ 200.4 $ 31.3 _______________________________________________________________________________ (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 a net lease asset 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 $14.8 million. Dispositions— The following table presents the proceeds and income recognized for properties sold, by property type ($ in millions): Years Ended December 31, 2020 2019 2018 Operating Properties (1) Proceeds $ 5.9 $ 86.1 $ 327.9 Income from sales of real estate 0.2 11.9 81.0 Net Lease (2) Proceeds $ 42.4 $ 469.4 $ 79.7 Income from sales of real estate 6.1 224.7 45.0 Total Proceeds $ 48.3 $ 555.5 $ 407.6 Income from sales of real estate 6.3 236.6 126.0 _______________________________________________________________________________ (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, 2020, proceeds includes $7.5 million of proceeds from the sale of a net lease asset for which the Company recognized an impairment of $1.7 million in connection with the sale. 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. Impairments— During the years ended December 31, 2020, 2019 and 2018, the Company recorded aggregate impairments on real estate assets totaling $4.8 million, $5.4 million and $90.4 million, respectively. During the year ended December 31, 2020, the Company recorded an impairment of $1.7 million in connection with the sale of a net lease asset and an impairment of $3.1 million on a real estate asset held for sale. 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. 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 $23.4 million, $21.2 million and $22.4 million for the years ended December 31, 2020, 2019 and 2018, 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, 2020 and 2019, the allowance for doubtful accounts related to real estate tenant receivables was $1.7 million and $1.0 million, respectively. As of December 31, 2019, the allowance for doubtful accounts related to deferred operating lease income was $1.0 million. These amounts are included in "Accrued interest and operating lease income receivable, net" and "Deferred operating lease income receivable, net," respectively, on the Company's consolidated balance sheets. Future Minimum Operating Lease Payments— Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2020, are as follows ($ in thousands): Year Net Lease Operating Properties 2021 $ 131,625 $ 15,948 2022 129,891 7,784 2023 121,586 7,469 2024 115,900 7,462 2025 119,357 6,809 Thereafter 1,238,073 9,712

Net Investment in Leases

Net Investment in Leases	12 Months Ended
	Dec. 31, 2020
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. In the second quarter 2020, the Company entered into a transaction with the lessee whereby it would apply $10 million of the net proceeds it received from certain sales of the lessee's facilities to the lessee's upcoming rent obligations to the Company. In exchange, the Company's obligation under the lease to acquire an equal amount of new facilities for them or to reduce their rent in the future has been terminated. In the third quarter 2020, the Company granted the lessee a nine-month rent deferral on its two wholly-owned master leases in exchange for eliminating the Company's commitment to invest up to $55.0 million in additional bowling centers over the next several years. All deferred amounts are required to be repaid with interest beginning in January 2023. As a result of the May 2019 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. As a result of the modifications in the second and third quarter 2020, the Company reassessed this classification as required by ASC 842, and concluded that the leases should continue to be classified as sales-type leases. In May 2019, the Company determined that the seven bowling centers acquired did not qualify as a sale leaseback transaction and recorded $44.1 million in "Loans receivable and other lending investments, net" on its consolidated balance sheet (refer to Note 7). 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. For the years ended December 31, 2020 and 2019, the Company recognized $10.8 million and $17.0 million, respectively, of cash interest income and $22.8 million and $3.5 million, respectively, of non-cash interest income in "Interest income from sales-type leases" in the Company's consolidated statements of operations. The Company's net investment in leases were comprised of the following as of December 31, 2020 and December 31, 2019 ($ in thousands): December 31, 2020 December 31, 2019 Total undiscounted cash flows $ 1,020,921 $ 1,042,019 Unguaranteed estimated residual value 345,284 340,620 Present value discount (926,233) (963,724) Allowance for losses on net investment in leases (10,871) — Net investment in leases (1) $ 429,101 $ 418,915 _______________________________________________________________________________ (1) As of December 31, 2020 and 2019, all of the Company's net investment in leases were current in their payment status and performing in accordance with the terms of the respective leases. As of December 31, 2020, the risk rating on the Company's net investment in leases was 2.0 (refer to Note 3). 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, 2020, are as follows by year ($ in thousands): Amount 2021 $ 14,248 2022 30,481 2023 41,854 2024 41,584 2025 30,481 Thereafter 862,273 Total undiscounted cash flows $ 1,020,921 Allowance for Losses on Net Investment in Leases —Changes in the Company's allowance for losses on net investment in leases for the year ended December 31, 2020 were as follows ($ in thousands): Allowance for losses on net investment in leases at beginning of period $ — Initial allowance recorded upon adoption of new accounting standard (1) 9,111 Provision for losses on net investment in leases (2) 1,760 Allowance for losses on net investment in leases at end of period $ 10,871 _________________________________________________________ (1) The Company recorded an initial allowance for losses on net investment in leases of $9.1 million upon the adoption of ASU 2016-13 on January 1, 2020 (refer to Note 3). (2) During the year ended December 31, 2020, the Company recorded a provision for losses on net investment in leases of $1.8 million resulting primarily from the macroeconomic impact of the COVID-19 pandemic on commercial real estate markets and the adoption of ASU 2016-13 (refer to Note 3). 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, 2020
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, 2020 2019 Land and land development, at cost $ 441,201 $ 590,153 Less: accumulated depreciation (10,538) (9,608) Total land and development, net $ 430,663 $ 580,545 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. This land and development asset was sold in the fourth quarter 2020. 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, 2020, 2019 and 2018, the Company sold land parcels and residential lots and units and recognized land development revenue of $164.7 million, $119.6 million and $409.7 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 $58.2 million and $94.2 million was outstanding as of December 31, 2020 and 2019, respectively. During the years ended December 31, 2020, 2019 and 2018, the

Loans Receivable and Other Lend

Loans Receivable and Other Lending Investments, net	12 Months Ended
	Dec. 31, 2020
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, Construction loans 2020 2019 Senior mortgages $ 449,733 $ 518,992 Corporate/Partnership loans 65,100 95,394 Subtotal - gross carrying value of construction loans (1) 514,833 614,386 Loans Senior mortgages 35,922 53,592 Corporate/Partnership loans 20,567 24,424 Subordinate mortgages 11,640 10,877 Subtotal - gross carrying value of loans 68,129 88,893 Other lending investments Financing receivables (refer to Note 5) 46,549 44,339 Held-to-maturity debt securities 90,715 84,981 Available-for-sale debt securities 25,274 23,896 Subtotal - other lending investments 162,538 153,216 Total gross carrying value of loans receivable and other lending investments 745,500 856,495 Allowance for loan losses (13,170) (28,634) Total loans receivable and other lending investments, net $ 732,330 $ 827,861 _______________________________________________________________________________ (1) As of December 31, 2020, 47%, or $241.8 million, gross carrying value of construction loans had completed construction and 5%, or $24.6 million, gross carrying value of construction loans had substantially completed construction. Allowance for Loan Losses —Changes in the Company's allowance for loan losses were as follows for the year ended December 31, 2020 ($ in thousands): General Allowance Construction Loans Held to Financing Receivables Specific Total Allowance for loan losses at beginning of period $ 6,668 $ 265 $ — $ — $ 21,701 $ 28,634 Adoption of new accounting standard (1) (353) 98 20 964 — 729 Provision for loan losses (2) 226 1,280 3,073 186 4,931 9,696 Charge-offs (3) — — — — (25,889) (25,889) Allowance for loan losses at end of period $ 6,541 $ 1,643 $ 3,093 $ 1,150 $ 743 $ 13,170 ____________________________________________________________ (1) On January 1, 2020, the Company recorded an increase to its allowance for loan losses of $3.3 million upon the adoption of ASU 2016-13 (refer to Note 3), of which $2.5 million related to expected credit losses for unfunded loan commitments and was recorded in "Accounts payable, accrued expenses and other liabilities." (2) During the year ended December 31, 2020, the Company recorded a provision for loan losses of $9.1 million in its consolidated statement of operations resulting from the macroeconomic impact of the COVID-19 pandemic on commercial real estate markets, of which $1.5 million related to a recovery of credit losses for unfunded loan commitments and is recorded as a reduction to "Accounts payable, accrued expenses and other liabilities" and $0.9 million related to a provision on a non-performing loan that was recorded as a reduction to "Accrued interest and operating lease income receivable, net." (3) During the year ended December 31,2020, the Company charged-off $25.9 million from the specific allowance due to the sale of a non-performing loan. During the year ended December 31, 2019, the Company charged-off $19.2 million from the specific allowance due to the resolution of a non-performing loan and $12.0 million due to the deterioration of the collateral on a separate non-performing loan. The Company's investment in loans and other lending investments and the associated allowance for loan losses were as follows ($ in thousands): Individually Evaluated for Impairment (1) Collectively Total As of December 31, 2020 Construction loans (2) $ 53,305 $ 461,528 $ 514,833 Loans (2) — 68,129 68,129 Financing receivables — 46,549 46,549 Held-to-maturity debt securities — 90,715 90,715 Available-for-sale debt securities (3) — 25,274 25,274 Less: Allowance for loan losses (743) (12,427) (13,170) Total $ 52,562 $ 679,768 $ 732,330 As of December 31, 2019 Construction loans (2) $ — $ 614,386 $ 614,386 Loans (2) 37,820 51,073 88,893 Financing receivables — 44,339 44,339 Held-to-maturity debt securities — 84,981 84,981 Available-for-sale debt securities — 23,896 23,896 Less: Allowance for loan losses (21,701) (6,933) (28,634) Total $ 16,119 $ 811,742 $ 827,861 _______________________________________________________________________________ (1) The carrying value of these loans includes an unamortized net discount of $0.8 million and $0.1 million as of December 31, 2020 and 2019, respectively. The Company's loans individually evaluated for impairment represents 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 includes an unamortized net discount of $2.3 million and $0.7 million as of December 31, 2020 and 2019, respectively. (3) Available-for-sale debt securities are evaluated for impairment under ASC 326-30. Credit Characteristics —As part of the Company's process for monitoring the credit quality of its loans, it performs a quarterly loan portfolio assessment and assigns risk ratings to each of its performing loans. Risk ratings, which range from 1 (lower risk) to 5 (higher risk), are based on judgments which are inherently uncertain and there can be no assurance that actual performance will be similar to current expectation. The Company's amortized cost basis in performing senior mortgages, corporate/partnership loans, subordinate mortgages and financing receivables, presented by year of origination and by credit quality, as indicated by risk rating, was as follows as of December 31, 2020 ($ in thousands): Year of Origination 2020 2019 2018 2017 2016 Prior to Total Senior mortgages Risk rating 1.0 $ — $ — $ — $ — $ — $ — $ — 1.5 — — — — — — — 2.0 — — — — — — — 2.5 — — 58,070 — — — 58,070 3.0 20,115 — 109,121 145,585 42,502 3,925 321,248 3.5 — — — — — — — 4.0 — — 53,033 — — — 53,033 4.5 — — — — — — — 5.0 — — — — — — — Subtotal (1) $ 20,115 $ — $ 220,224 $ 145,585 $ 42,502 $ 3,925 $ 432,351 Corporate/partnership loans Risk rating 1.0 $ — $ — $ — $ — $ — $ — $ — 1.5 — — — — — — — 2.0 — — — — — — — 2.5 — — — — — — — 3.0 — — 22,155 — — — 22,155 3.5 — — — — — — — 4.0 — — 20,567 — 42,945 — 63,512 4.5 — — — — — — — 5.0 — — — — — — — Subtotal $ — $ — $ 42,722 $ — $ 42,945 $ — $ 85,667 Subordinate mortgages Risk rating 1.0 $ — $ — $ — $ — $ — $ — $ — 1.5 — — — — — — — 2.0 — — — — — — — 2.5 — — — — — — — 3.0 — — — — — 11,640 11,640 3.5 — — — — — — — 4.0 — — — — — — — 4.5 — — — — — — — 5.0 — — — — — — — Subtotal $ — $ — $ — $ — $ — $ 11,640 $ 11,640 Financing receivables Risk rating 1.0 $ — $ — $ — $ — $ — $ — $ — 1.5 — — — — — — — 2.0 — 46,549 — — — — 46,549 2.5 — — — — — — — 3.0 — — — — — — — 3.5 — — — — — — — 4.0 — — — — — — — 4.5 — — — — — — — 5.0 — — — — — — — Subtotal $ — $ 46,549 $ — $ — $ — $ — $ 46,549 Total $ 20,115 $ 46,549 $ 262,946 $ 145,585 $ 85,447 $ 15,565 $ 576,207 ____________________________________________________________ (1) As of December 31, 2020, excludes $53.3 million for one loan on non-accrual status. The Company's amortized cost basis in loans, aged by payment status and presented by class, was as follows ($ in thousands): As of December 31, 2020 Current Less Than Greater Total Total Senior mortgages $ 443,154 $ 42,501 $ — $ 42,501 $ 485,655 Corporate/Partnership loans 42,721 42,946 — 42,946 85,667 Subordinate mortgages 11,640 — — — 11,640 Total $ 497,515 $ 85,447 $ — $ 85,447 $ 582,962 As of December 31, 2019 Senior mortgages $ 534,765 $ — $ 37,820 $ 37,820 $ 572,585 Corporate/Partnership loans 119,818 — — — 119,818 Subordinate mortgages 10,877 — — — 10,877 Total $ 665,460 $ — $ 37,820 $ 37,820 $ 703,280 Impaired Loans —In the fourth quarter 2020, the Company sold a non-performing loan with a carrying value of $15.2 million and received proceeds of $11.0 million. In addition, the Company recorded a $4.2 million loan loss provision and simultaneously charged-off of the remaining unpaid balance. 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 $21.4 million loan loss provision and simultaneously charged-off of the remaining unpaid balance. The Company's impaired loans, presented by class, were as follows ($ in thousands): As of December 31, 2020 As of December 31, 2019 Recorded Unpaid Related Recorded Unpaid Related With an allowance recorded: Senior mortgages (1) $ 53,305 $ 52,552 $ (743) $ 37,820 $ 37,923 $ (21,701) Total $ 53,305 $ 52,552 $ (743) $ 37,820 $ 37,923 $ (21,701) _______________________________________________________________________________ (1) The Company has one non-accrual loan as of December 31, 2020 and one non-accrual loan as of December 31, 2019 that are considered impaired and included in the table above. The Company did not record any interest income on impaired loans for the years ended December 31, 2020, 2019 and 2018. The Company's average recorded investment in impaired loans and interest income recognized, presented by class, was as follows ($ in thousands): Years Ended December 31, 2020 2019 2018 Average Interest Average Interest Average Interest With no related allowance recorded: Subordinate mortgages $ — $ — $ — $ — $ — $ 301 Subtotal — — — — — 301 With an allowance recorded: Senior mortgages 50,205 2,145 38,556 — 67,041 — Corporate/Partnership loans — — — — 39,169 — Subtotal 50,205 2,145 38,556 — 106,210 — Total: Senior mortgages 50,205 2,145 38,556 — 67,041 — Corporate/Partnership loans — — — — 39,169 — Subordinate mortgages — — — — — 301 Total $ 50,205 $ 2,145 $ 38,556 $ — $ 106,210 $ 301 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, 2020 Available-for-Sale Securities Municipal debt securities $ 20,680 $ 20,680 $ 4,594 $ 25,274 $ 25,274 Held-to-Maturity Securities Debt securities 100,000 90,715 — 90,715 90,715 Total $ 120,680 $ 111,395 $ 4,594 $ 115,989 $ 115,989 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, 2020, 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 90,715 90,715 — — After 5 years through 10 years — — — — After 10 years — — 20,680 25,274 Total $ 90,715 $ 90,715 $ 20,680 $ 25,274

Other Investments

Other Investments	12 Months Ended
	Dec. 31, 2020
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) (1) As of December 31, For the Years Ended December 31, 2020 2019 2020 2019 2018 Real estate equity investments Safehold Inc. ("SAFE") (2) $ 937,712 $ 729,357 $ 53,476 $ 29,764 $ 4,711 iStar Net Lease II LLC ("Net Lease Venture II") 78,998 30,712 2,654 (529) (333) iStar Net Lease I LLC ("Net Lease Venture") (3) — — — — 4,100 Other real estate equity investments (4) 89,939 104,553 (12,929) 12,620 (4,112) Subtotal 1,106,649 864,622 43,201 41,855 4,366 Other strategic investments (5) 69,911 43,253 (1,075) (6) (9,373) Total $ 1,176,560 $ 907,875 $ 42,126 $ 41,849 $ (5,007) _______________________________________________________________________________ (1) For the years ended December 31, 2020, 2019 and 2018, earnings (losses) from equity method investments is net of the Company's pro rata share of $19.5 million, $14.4 million and $16.9 million, respectively, of depreciation expense and $59.3 million, $32.9 million and $18.1 million, respectively, of interest expense. (2) As of December 31, 2020, the Company owned 34.8 million shares of SAFE common stock which, based on the closing price of $72.49 on December 31, 2020, had a market value of $2.5 billion. For the year ended December 31, 2020, equity in earnings includes $14.4 million of dilution gains resulting from the dilution of our ownership in SAFE in connection with equity offerings at SAFE in 2020. For the year ended December 31, 2019, equity in earnings includes dilution gains of $7.6 million. (3) The Company consolidated the assets and liabilities of the Net Lease Venture on June 30, 2018 (refer to Note 4). (4) 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. (5) During the year ended December 31, 2020, the Company identified observable price changes in an equity security held by the Company as evidenced by orderly private issuances of similar securities by the same issuer. In accordance with ASC 321, the Company remeasured its equity investment at fair value and recognized aggregate mark-to-market gains of $23.9 million in "Other income" in the Company's consolidated statements of operations. 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 November 2020, the Company acquired 1.1 million shares of SAFE's common stock in a private placement for $65.0 million. In March 2020, the Company acquired 1.7 million shares of SAFE's common stock in a private placement for $80.0 million. In November 2019, the Company acquired 3.8 million shares of SAFE's common stock in a private placement for $130.0 million. In August 2019, the Company acquired 6.0 million shares of SAFE's common stock in a private placement for $168.0 million. As of December 31, 2020, the Company owned approximately 65.4% of SAFE's common stock outstanding. During the years ended December 31, 2020 and 2019, the Company recorded $12.7 million and $7.5 million, respectively, 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 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 years ended December 31, 2020 and 2019, the Company was reimbursed $5.0 million and $2.1 million, respectively, 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. The Company funded $18.4 million of the loan, which was fully repaid in August 2019. During the years ended December 31, 2019 and 2018, the Company recorded $1.2 million and $1.4 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. 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, 2020; and (ii) a $80.5 million leasehold first mortgage. As of December 31, 2020, $61.8 million of the leasehold first mortgage was funded. During the years ended December 31, 2020, 2019 and 2018, the Company recorded $3.4 million, $1.2 million and $0.2 million, respectively, of interest income on the loan. The Company sold the Ground Lease to SAFE in September 2020 for $34.0 million and recognized a gain of $6.1 million in "Income from sales of real estate" in connection with the sale. 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. 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 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. During the years ended December 31, 2020 and 2019, the Company recorded $1.0 million and $1.0 million, respectively, of interest income on the loan. The loan was repaid in the fourth quarter 2020. 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. In June 2020, Net Lease Venture II (see below) acquired the leasehold interest in an office laboratory property in Honolulu, HI and simultaneously entered into a 99 year Ground Lease with SAFE. In October 2020, the Company provided a $22.5 million loan to the ground lessee of a Ground Lease originated at SAFE. The loan was for the Ground Lease tenant's recapitalization of an existing multi-family property. The Company received $2.3 million of consideration from SAFE in connection with this transaction. During the year ended December 31, 2020, the Company recorded $0.3 million of interest income on the loan. 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, 2020, 2019 and 2018, the Company recorded $1.5 million, $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, 2020, Net Lease Venture II had funded $85.9 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 that expire in February 2026. In December 2018, Net Lease Venture II acquired four buildings (the "Properties"). 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, 2020, the Company's other real estate equity investments include equity interests in real estate ventures ranging from 31% to 95%, comprised of investments of $58.7 million in operating properties and $31.2 million in land assets. As of December 31, 2019, the Company's other real estate equity investments included $61.7 million in operating properties and $42.9 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 as of December 31, 2020 and 2019, to an unconsolidated entity in which the Company owns a 50% equity interest. The loan matures in August 2021. 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, 2020, 2019 and 2018, the Company recorded $2.4 million, $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. 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 and 2018, the Company recorded $0.6 million and $2.1 million, respectively, of interest income on the senior loan. This asset was sold in the fourth quarter 2020. Other strategic investments —As of December 31, 2020 and 2019, the Company also had investments in real estate related funds and other strategic investments in real estate entities. Summarized investee financial information —The following table presents the investee level summarized financial information of the Company's equity method investments ($ in thousands): As of December 31, For the Years Ended December 31, 2020 2019 2020 2019 2018 Balance Sheets Income Statements Total assets $ 4,522,147 $ 3,653,763 Revenues $ 149,928 $ 214,123 $ 262,970 Total liabilities 2,437,621 1,918,034 Expenses (203,689) (181,456) (187,257) Noncontrolling interests 2,124 1,486 Net income attributable to parent entities (53,955) 32,474 75,056 Total equity attributable to parent entities 2,082,402 1,734,243 During the year ended December 31, 2020, SAFE represented a significant subsidiary of the Company. For detailed financial information regarding SAFE, please refer to its financial statements, which are publicly available on the website of the Securities and Exchange Commission at http://www.sec.gov under the ticker symbol "SAFE."

Other Assets and Other Liabilit

Other Assets and Other Liabilities	12 Months Ended
	Dec. 31, 2020
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, 2020 2019 Intangible assets, net (1) $ 156,041 $ 174,973 Finance lease right-of-use assets (2) 143,727 145,209 Operating lease right-of-use assets (2) 48,891 34,063 Other receivables 10,881 16,846 Restricted cash 51,933 45,034 Other assets (3) 19,453 17,534 Leasing costs, net (4) 2,340 3,793 Corporate furniture, fixtures and equipment, net (5) 2,024 2,736 Deferred financing fees, net 1,549 2,300 Deferred expenses and other assets, net $ 436,839 $ 442,488 _______________________________________________________________________________ (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 $44.4 million and $33.4 million as of December 31, 2020 and 2019, respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $1.4 million, $1.7 million and $2.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. These intangible lease assets are amortized over the term of the lease. The amortization expense for in-place leases was $10.5 million, $9.6 million and $7.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations. As of December 31, 2020, the weighted average remaining amortization period for the Company's intangible assets was approximately 16.7 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 5.1% and the weighted average remaining lease term is 8.2 years. For finance leases, lease liabilities were discounted at a weighted average rate implicit in the lease of 5.5% and the weighted average remaining lease term is 97.0 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 years ended December 31, 2020 and 2019, the Company recognized $8.2 million and $5.1 million, respectively, in "Interest expense" and $1.5 million and $0.9 million, respectively, 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 years ended December 31, 2020 and 2019, the Company recognized $4.7 million and $3.6 million, respectively, in "General and administrative" and $3.5 million and $3.3 million, respectively, in "Real estate expense" in its consolidated statement of operations relating to operating leases. (3) Other assets primarily includes derivative assets, prepaid expenses and deposits for certain real estate assets. (4) Accumulated amortization of leasing costs was $2.6 million and $3.3 million as of December 31, 2020 and 2019, respectively. (5) Accumulated depreciation on corporate furniture, fixtures and equipment was $14.3 million and $13.1 million as of December 31, 2020 and 2019, respectively. Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands): As of December 31, 2020 2019 Other liabilities (1) $ 91,513 $ 81,709 Finance lease liabilities (see table above) 150,520 147,749 Operating lease liabilities (see table above) 50,072 34,182 Accrued expenses 94,724 83,778 Accrued interest payable 32,355 25,733 Intangible liabilities, net (2) 48,738 51,223 Accounts payable, accrued expenses and other liabilities $ 467,922 $ 424,374 _______________________________________________________________________________ (1) As of December 31, 2020 and 2019, "Other liabilities" includes $36.9 million and $27.5 million, respectively, of deferred income. As of December 31, 2020 and 2019, other liabilities includes $19.0 million and $8.7 million, respectively, of derivative liabilities. As of December 31, 2020, other liabilities includes $1.0 million of expected credit losses for unfunded loan commitments. (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 $7.5 million and $5.0 million as of December 31, 2020 and 2019, respectively. The amortization of below market lease liabilities increased operating lease income in the Company's consolidated statements of operations by $2.5 million, $2.3 million and $3.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. As of December 31, 2020, the weighted average amortization period for the Company's intangible liabilities was approximately 17.5 years. Intangible assets— The estimated expense from the amortization of intangible assets for each of the five succeeding fiscal years is as follows ($ in thousands): Year Amount 2021 $ 11,725 2022 11,724 2023 11,570 2024 11,452 2025 11,144

Loan Participations Payable, ne

Loan Participations Payable, net	12 Months Ended
	Dec. 31, 2020
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, 2020 December 31, 2019 Loan participations payable (1) $ 42,501 $ 35,656 Debt discounts and deferred financing costs, net — (18) Total loan participations payable, net $ 42,501 $ 35,638 _______________________________________________________________________________ (1) As of December 31, 2020 and 2019, the Company had one loan participation payable with an interest rate of 6.0% and 6.3%, respectively.

Debt Obligations, net

Debt Obligations, net	12 Months Ended
	Dec. 31, 2020
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 Scheduled 2020 2019 Secured credit facilities and mortgages: Revolving Credit Facility $ — $ — LIBOR + 2.00% (1) September 2022 Senior Term Loan 491,875 491,875 LIBOR + 2.75% (2) June 2023 Mortgages collateralized by net lease assets (3) 721,075 721,118 1.69% - 7.26% (3) Total secured credit facilities and mortgages (4) 1,212,950 1,212,993 Unsecured notes: 6.00% senior notes (5) — 110,545 6.00% — 5.25% senior notes (6) — 400,000 5.25% — 3.125% senior convertible notes (7) 287,500 287,500 3.125% September 2022 4.75% senior notes (8) 775,000 775,000 4.75% October 2024 4.25% senior notes (9) 550,000 550,000 4.25% August 2025 5.50% senior notes (10) 400,000 — 5.50% February 2026 Total unsecured notes 2,012,500 2,123,045 Other debt obligations: Trust preferred securities 100,000 100,000 LIBOR + 1.50% October 2035 Total debt obligations 3,325,450 3,436,038 Debt discounts and deferred financing costs, net (38,475) (48,958) Total debt obligations, net (11) $ 3,286,975 $ 3,387,080 _______________________________________________________________________________ (1) The Revolving Credit Facility 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 Senior Term 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, 2020, the weighted average interest rate of these loans is 4.4% inclusive of the effect of interest rate swaps. (4) As of December 31, 2020, $2.1 billion net carrying value of assets served as collateral for the Company's secured debt obligations. (5) The Company repaid these senior notes in January 2020. (6) The Company repaid these senior notes in September 2020. (7) 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, 2020 was 70.25 shares per $1,000 principal amount of 3.125% Convertible Notes, which equals a conversion price of $14.23 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, 2020, the carrying value of the 3.125% Convertible Notes was $275.1 million, net of fees, and the unamortized discount of the 3.125% Convertible Notes was $10.2 million, net of fees. 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. During the years ended December 31, 2020, 2019 and 2018, the Company recognized $9.0 million, $9.0 million, $9.0 million, respectively, of contractual interest and $5.2 million, $5.0 million and $4.7 million, respectively, of discount amortization on the 3.125% Convertible Notes. The effective interest rate for 2020, 2019 and 2018 was 5.2%. (8) The Company can prepay these senior notes without penalty beginning July 1, 2024. (9) The Company can prepay these senior notes without penalty beginning May 1, 2025. (10) The Company can prepay these senior notes without penalty beginning August 15, 2024. (11) The Company capitalized interest relating to development activities of $1.9 million, $7.5 million and $11.3 million for the years ended December 31, 2020, 2019 and 2018, respectively. Future Scheduled Maturities —As of December 31, 2020, future scheduled maturities of outstanding debt obligations are as follows ($ in thousands): Unsecured Debt Secured Debt Total 2021 $ — $ 156,144 $ 156,144 2022 287,500 46,787 334,287 2023 — 491,875 491,875 2024 775,000 — 775,000 2025 550,000 272,843 822,843 Thereafter 500,000 245,301 745,301 Total principal maturities 2,112,500 1,212,950 3,325,450 Unamortized discounts and deferred financing costs, net (32,465) (6,010) (38,475) Total debt obligations, net $ 2,080,035 $ 1,206,940 $ 3,286,975 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. During the year ended December 31, 2018, repayments of the Senior Term Loan prior to modification and expenses incurred for the modification resulted in losses on early extinguishment of debt of $2.5 million. 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, 2020, based on the Company's borrowing base of assets, the Company had the ability to draw $350.0 million without pledging any additional assets to the 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. In August 2020, the Company issued $400.0 million principal amount of 5.50% senior unsecured notes due February 2026. Proceeds from the offering, together with cash on hand, were used to repay in full the $400.0 million principal amount outstanding of the 5.25% senior unsecured notes due September 2022. During the years ended December 31, 2020, 2019 and 2018, repayments of senior unsecured notes prior to maturity resulted in losses on early extinguishment of debt of $12.0 million, $26.6 million and $1.2 million, respectively. These amounts are included in "Loss on early extinguishment of debt, net" in the Company's consolidated statements of operations. 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 1.2x and a covenant restricting certain incurrences of debt based on a fixed charge coverage ratio. 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. 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 1.25x 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 1.5x outstanding borrowings on the facility and a consolidated ratio of cash flow to fixed charges of at least 1.5x. 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 1.5x 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. Under both the Senior Term Loan and the Revolving Credit Facility the Company is permitted to pay dividends provided that no material default (as defined in the relevant agreement) has occurred and is continuing or would result therefrom and the Company remains in compliance with its financial covenants after giving effect to the dividend. 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, 2020
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, 2020, 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 Other Total Performance-Based Commitments $ 63,419 $ 2,213 $ 25,959 $ 91,591 Strategic Investments — — 12,810 12,810 Total $ 63,419 $ 2,213 $ 38,769 $ 104,401 ___________________________________________________________________________ (1) Excludes $7.5 million of commitments on loan participations sold that are not the obligation of the Company. Other Commitments —Total operating lease expense for the years ended December 31, 2020, 2019 and 2018 was $5.4 million, $4.4 million and $5.0 million, respectively. Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2020 are as follows ($ in thousands): Operating (1)(2) Finance (1) 2021 $ 3,797 $ 5,494 2022 6,756 5,604 2023 6,393 5,716 2024 6,309 5,830 2025 6,297 5,946 Thereafter 496 1,567,826 Total undiscounted cash flows 30,048 1,596,416 Present value discount (1) (3,771) (1,445,896) Other adjustments (2) 23,795 — Lease liabilities $ 50,072 $ 150,520 _______________________________________________________________________________ (1) During the years ended December 31, 2020 and 2019, the Company made payments of $4.3 million and $4.1 million, respectively, related to its operating leases and $5.4 million and $3.3 million, respectively, related to its finance leases (refer to Note 4). As of December 31, 2020, the weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.6 years and the weighted average discount rate was 5.0%. As of December 31, 2020, the weighted average lease term for the Company's finance leases was 97 years and the weighted average discount rate was 5.5%. (2) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under operating and finance leases as of December 31, 2019 were as follows ($ 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) As of December 31, 2019, 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%. As of December 31, 2019, 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. 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, 2020
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, net investment in leases and assets collateralizing its loans receivable are located in the United States. As of December 31, 2020, the Company's portfolio contains concentrations in the following property types: office, entertainment/leisure, Ground Leases, industrial, land and development, multifamily, hotel, condominium, retail and other property types. 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. During the year ended December 31, 2020, the Company's five largest borrowers or tenants collectively accounted for approximately 21.4% of the Company's revenues, of which the largest customer, from the Company's net lease segment, accounted for 11.6%. 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, 2020 and 2019 ($ in thousands) (1) : Derivative Assets Derivative Liabilities As of December 31, 2020 Balance Sheet Fair Balance Sheet Fair Derivatives Designated in Hedging Relationships Interest rate swaps Deferred expenses and other assets, net $ — Accounts payable, accrued expenses and other liabilities $ 18,926 Total $ — $ 18,926 As of December 31, 2019 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 ____________________________________________________________________________ (1) Over the next 12 months, the Company expects that $10.3 million related to cash flow hedges will be reclassified from "Accumulated other comprehensive income (loss)" as an increase to interest expense. The tables below present the effect of the Company's derivative financial instruments, including the Company's share of derivative financial instruments at certain of its equity method investments, in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) ($ in thousands): Derivatives Designated in Hedging Relationships Location of Gain (Loss) 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, 2020 Interest rate swaps (1) Interest expense $ (14,931) $ (6,974) Interest rate swaps Earnings from equity method investments (13,359) (1,101) 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 (1) Interest expense (12,963) (388) Interest rate swaps Earnings from equity method investments (1,736) 20 ______________________________________________________________ (1) For the years ended December 31, 2020, 2019 and 2018, $4.4 million, $4.3 million, and $1.9 million, respectively, of the loss recognized in accumulated other comprehensive income was attributable to a noncontrolling interest. 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

Equity

Equity	12 Months Ended
	Dec. 31, 2020
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. The Company had the following series of Cumulative Redeemable Preferred Stock outstanding as of December 31, 2020 and 2019: Cumulative Preferential Cash Dividends (1)(2) Carrying Value Series Shares Issued and Par Value Liquidation Preference (3) Rate per Annum Annual December 31, 2020 December 31, 2019 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 Total 12,200 $ 282,490 $ 282,490 _______________________________________________________________________________ (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, 2020 and 2019, respectively. The Company declared and paid dividends of $9.0 million on its Series J Convertible Perpetual Preferred Stock during the year ended December 31, 2019. The character of the 2020 dividends was 100% return of capital. The character of the 2019 dividends was 100% capital gain distribution, of which 34.01% represented unrecaptured section 1250 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. 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, 2019, the Company had $460.6 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 2032 and will fully expire in 2036 if unused. The amount of NOL carryforwards as of December 31, 2020 will be determined upon finalization of the Company's 2020 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 $32.8 million, or $0.43 per share, for the year ended December 31, 2020 and $25.3 million, or $0.39 per share, for the year ended December 31, 2019. The character of the 2020 dividends was 100% return of capital. The character of the 2019 dividends was 100% capital gain distribution, of which 34.01% represented unrecaptured section 1250 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, 2020, the Company repurchased 4.2 million shares of its outstanding common stock for $48.4 million, for an average cost of $11.48 per share. 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. As of December 31, 2020, the Company had authorization to repurchase up to $33.8 million of common stock. In February 2021, the Company's board of directors authorized an increase to the stock repurchase program to $50.0 million. Accumulated Other Comprehensive Income (Loss) —"Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands): As of December 31, 2020 2019 Unrealized gains on available-for-sale securities $ 4,594 $ 2,756 Unrealized losses on cash flow hedges (53,075) (37,264) Unrealized losses on cumulative translation adjustment (4,199) (4,199) Accumulated other comprehensive loss $ (52,680) $ (38,707)

Stock-Based Compensation Plans

Stock-Based Compensation Plans and Employee Benefits	12 Months Ended
	Dec. 31, 2020
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 $39.4 million, $30.4 million and $17.6 million, respectively, during the years ended December 31, 2020, 2019 and 2018 in "General and administrative" in the Company's consolidated statements of operations. As of December 31, 2020, there was $2.8 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 1.20 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 years ended December 31, 2020 and 2019, the Company recorded $3.4 million and $2.9 million, respectively, 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, 2020. iPIP Investment Pool 2013-2014 2015-2016 2017-2018 Points at beginning of period 81.17 73.28 77.27 Forfeited (1.00) (2.88) (3.93) Points at end of period 80.17 70.40 73.34 During the years ended December 31, 2020, 2019 and 2018, the Company recorded $30.7 million, $21.2 million and $15.0 million, respectively, of expense related to the 2013-2018 iPIP plans. During the year ended December 31, 2020, the Company made distributions to participants in the 2015-2016 investment pool. The iPIP participants received total distributions in the amount of $1.5 million as compensation, comprised of cash and 54,245 shares of the Company's common stock with a fair value of $14.51 per share, which are fully-vested and issued under the 2009 LTIP (see below). After deducting statutory minimum tax withholdings, a total of 32,825 shares of the Company's common stock were issued. 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, 2020 and 2019, the Company had accrued compensation costs relating to iPIP of $69.1 million and $41.9 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, 2020, an aggregate of 2.4 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, 2020 were as follows (number of shares and $ in thousands, except per share amounts): Number Weighted Average Aggregate Non-vested as of December 31, 2019 598 $ 9.18 $ 8,688 Granted 181 $ 14.68 Vested (248) $ 9.62 Non-vested as of December 31, 2020 531 $ 10.85 $ 7,885 The total fair value of Units vested during the years ended December 31, 2020, 2019 and 2018 was $3.6 million, $1.8 million and $1.4 million, respectively. The weighted-average grant date fair value per share of Units granted during the years ended December 31, 2020, 2019 and 2018 was $14.68, $8.84 and $10.16, 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, 2020, the Company awarded to non-employee Directors 79,138 restricted shares of common stock at a fair value per share of $9.75 at the time of grant for their annual equity awards, 10,710 restricted shares of common stock to a non-employee Director at a fair value of $11.52 at the time of grant for their annual equity award and also issued 3,096 common stock equivalents ("CSEs") at a fair value of $12.20 per CSE in respect of dividend equivalents on outstanding CSEs. 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, 2020, a combined total of 179,522 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 $2.7 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 $1.1 million, $0.9 million and $1.1 million, respectively, for the years ended December 31, 2020, 2019 and 2018.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2020
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 operations used in the basic and diluted EPS calculations ($ in thousands, except for per share data): For the Years Ended December 31, 2020 2019 2018 Net income (loss) $ (30,853) $ 334,325 $ (18,326) Net income attributable to noncontrolling interests (11,588) (10,283) (13,936) Preferred dividends (23,496) (32,495) (32,495) Net income (loss) allocable to common shareholders for basic earnings per common share $ (65,937) $ 291,547 $ (64,757) Add: Effect of Series J convertible perpetual preferred stock — 9,000 — Net income (loss) allocable to common shareholders for diluted earnings per common share $ (65,937) $ 300,547 $ (64,757) For the Years Ended December 31, 2020 2019 2018 Earnings allocable to common shares: Numerator for basic earnings per share: Net income (loss) allocable to common shareholders $ (65,937) $ 291,547 $ (64,757) Numerator for diluted earnings per share: Net income (loss) allocable to common shareholders $ (65,937) $ 300,547 $ (64,757) Denominator for basic and diluted earnings per share: Weighted average common shares outstanding for basic earnings per common share 75,684 64,696 67,958 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 75,684 80,666 67,958 Basic earnings per common share: Net income (loss) allocable to common shareholders $ (0.87) $ 4.51 $ (0.95) Diluted earnings per common share: (1) Net income (loss) allocable to common shareholders $ (0.87) $ 3.73 $ (0.95) _______________________________________________________________________________ (1) For the years ended December 31, 2020 and 2018, the effect of certain of the Company's restricted stock awards were anti-dilutive due to the Company having a net loss for the period. For the year ended December 31, 2018, 15,704 shares of Series J convertible perpetual preferred stock (refer to Note 14) were anti-dilutive. 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, 2020, 2019, and 2018, 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, 2020
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 Significant other Significant As of December 31, 2020 Recurring basis: Derivative liabilities (1) 18,926 — 18,926 — Available-for-sale securities (1) 25,274 — — 25,274 Non-recurring basis: Impaired land and development (2) 6,078 — — 6,078 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 (3) 40,000 — — 40,000 _______________________________________________________________________________ (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 a $1.3 million impairment on a land and development asset with an estimated fair value of $6.1 million. The fair value is based on future cash flows expected to be received. (3) The Company recorded aggregate impairments of $5.3 million on two land and development assets with an estimated aggregate fair value of $40.0 million. The estimated fair values are based on expected sales proceeds. The following table summarizes changes in Level 3 available-for-sale securities reported at fair value on the Company's consolidated balance sheets for the years ended December 31, 2020 and 2019 ($ in thousands): 2020 2019 Beginning balance $ 23,896 $ 21,661 Repayments (460) (45) Unrealized gains recorded in other comprehensive income 1,838 2,280 Ending balance $ 25,274 $ 23,896 Fair values of financial instruments— The following table presents the carrying value and fair value for the Company's financial instruments ($ in millions): As of December 31, 2020 As of December 31, 2019 Carrying Fair Carrying Fair Net investment in leases (1) $ 429 $ 431 $ 419 $ 419 Loans receivable and other lending investments (1) 732 772 828 864 Cash and cash equivalents (2) 99 99 307 307 Restricted cash (2) 52 52 45 45 Loan participations payable, net (1) 43 43 36 36 Debt obligations, net (1) 3,287 3,414 3,387 3,531 _______________________________________________________________________________ (1) The fair value of the Company's net investment in leases, loans receivable and other lending investments, net, loan participations payable, net and debt obligations, net are classified as Level 3 within the fair value hierarchy. (2) The Company determined the carrying values of its cash and cash equivalents and restricted cash approximated their fair values. Restricted cash is recorded in "Deferred expenses and other assets, net" on the Company's balance sheet. The fair value of the Company's cash and cash equivalents and restricted cash are classified as Level 1 within the fair value hierarchy. Derivatives —The Company may use 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 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. The Company estimates the fair value of its non-performing loans using 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. 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, 2020
Segment Reporting [Abstract]
Segment Reporting	Segment ReportingThe Company has determined that it has four reportable segments based on how management reviews and manages its business. These reportable segments include: Net Lease, Real Estate Finance, Operating Properties and Land and Development. 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 investments in SAFE and Net Lease Venture II (refer to Note 8). 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 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): Net Real Estate Operating Land and Corporate/ Other (1) Company Year Ended December 31, 2020 Operating lease income $ 167,152 $ — $ 21,214 $ 356 $ — $ 188,722 Interest income 3,440 56,676 — — — 60,116 Interest income from sales-type leases 33,552 — — — — 33,552 Other income 18,116 11,975 8,065 19,030 26,671 83,857 Land development revenue — — — 164,702 — 164,702 Earnings (losses) from equity method investments 56,130 — (16,361) 3,432 (1,075) 42,126 Income from sales of real estate 6,056 — 262 — — 6,318 Total revenue and other earnings 284,446 68,651 13,180 187,520 25,596 579,393 Real estate expense (26,571) — (22,936) (22,986) — (72,493) Land development cost of sales — — — (177,727) — (177,727) Other expense — (266) — — (303) (569) Allocated interest expense (101,208) (23,390) (8,951) (17,940) (18,085) (169,574) Allocated general and administrative (2) (23,223) (6,622) (2,591) (9,990) (19,099) (61,525) Segment profit (loss) (3) $ 133,444 $ 38,373 $ (21,298) $ (41,123) $ (11,891) $ 97,505 Other significant items: Provision for loan losses $ 186 $ 8,866 $ — $ — $ — $ 9,052 Provision for losses on net investment in leases 1,760 — — — — 1,760 Impairment of assets 2,037 — 3,052 2,738 — 7,827 Depreciation and amortization 50,767 — 5,142 952 1,231 58,092 Capitalized expenditures 21,764 — 1,636 30,506 — 53,906 Year Ended December 31, 2019 Operating lease income $ 177,679 $ — $ 28,423 $ 286 $ — $ 206,388 Interest income 2,018 75,636 — — — 77,654 Interest income from sales-type leases 20,496 — — — — 20,496 Other income 16,718 4,946 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 651,216 80,582 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 (95,154) (29,587) (10,249) (20,706) (28,223) (183,919) Allocated general and administrative (2) (25,990) (8,254) (2,887) (11,957) (19,085) (68,173) Segment profit (loss) (3) 505,286 $ 42,279 $ 17,616 $ (42,603) $ (51,495) $ 471,083 Other significant non-cash 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 Net Real Estate Operating Land and Corporate/ Other (1) Company Year Ended December 31, 2018 Operating lease income $ 151,958 $ — $ 55,677 $ 557 $ — $ 208,192 Interest income — 97,878 — — — 97,878 Other income 4,286 4,556 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 277,638 102,434 190,001 414,477 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 (63,706) (40,653) (18,618) (21,897) (38,877) (183,751) Allocated general and administrative (2) (20,713) (12,997) (6,574) (14,313) (19,975) (74,572) Segment profit (loss) (3) $ 176,186 $ 47,206 $ 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 Net Real Estate Operating Land and Corporate/ Other (1) Company As of December 31, 2020 Real estate Real estate, net $ 1,291,903 $ — $ 192,378 $ — $ — $ 1,484,281 Real estate available and held for sale — — 5,212 — — 5,212 Total real estate 1,291,903 — 197,590 — — 1,489,493 Net investment in leases 429,101 — — — — 429,101 Land and development, net — — — 430,663 — 430,663 Loans receivable and other lending investments, net 45,398 686,932 — — — 732,330 Other investments 1,016,710 — 58,739 31,200 69,911 1,176,560 Total portfolio assets $ 2,783,112 $ 686,932 $ 256,329 $ 461,863 $ 69,911 4,258,147 Cash and other assets 603,661 Total assets $ 4,861,808 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 44,339 783,522 — — — 827,861 Other investments 760,068 — 61,686 42,866 43,255 907,875 Total portfolio assets $ 2,550,404 $ 783,522 $ 270,473 $ 623,411 $ 43,255 4,271,065 Cash and other assets 814,044 Total assets $ 5,085,109 _______________________________________________________________________________ (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 $39.4 million, $30.4 million and $17.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. (3) The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Years Ended December 31, 2020 2019 2018 Segment profit $ 97,505 $ 471,083 $ 233,163 Less: Provision for loan losses (9,052) (6,482) (16,937) Less: Provision for losses on net investment in leases (1,760) — — Less: Impairment of assets (7,827) (13,419) (147,108) Less: Depreciation and amortization (58,092) (58,259) (58,699) Less: Stock-based compensation expense (39,354) (30,436) (17,563) Less: Income tax expense (235) (438) (815) Less: Loss on early extinguishment of debt, net (12,038) (27,724) (10,367) Net income (loss) $ (30,853) $ 334,325 $ (18,326)

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2020
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 Charged to Adjustments Deductions Balance at 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 For the Year Ended December 31, 2020 Reserve for loan losses (1)(2) $ 28,634 $ 9,696 $ 729 $ (25,889) $ 13,170 Allowance for doubtful accounts (2) 1,942 1,601 — (1,866) 1,677 Allowance for deferred tax assets (2) 79,645 456 — — 80,101 $ 110,221 $ 11,753 $ 729 $ (27,755) $ 94,948 _____________________________________________________________ (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, 2020
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 Location Encumbrances Land Building and Land Building and Total Accumulated Date Depreciable OFFICE FACILITIES: Tempe, Arizona OFF001 $ — (1) $ 1,033 $ 6,652 $ 2,942 $ 1,033 $ 9,594 $ 10,627 $ 5,324 1999 40.0 Tempe, Arizona OFF002 — (1) 1,033 6,652 491 1,033 7,143 8,176 3,724 1999 40.0 Tempe, Arizona OFF003 — (1) 1,033 6,652 556 1,033 7,208 8,241 3,750 1999 40.0 Tempe, Arizona OFF004 — (1) 701 4,339 2,171 701 6,510 7,211 2,845 1999 40.0 Alameda, California OFF005 26,025 9,702 29,831 1,167 9,702 30,998 40,700 2,397 2018 40.0 Ft. Collins, Colorado OFF006 — — 16,752 (11,239) — 5,513 5,513 474 2002 40.0 Lisle, Illinois OFF007 21,115 7,681 30,230 — 7,681 30,230 37,911 2,411 2018 40.0 Cockeysville, Maryland OFF008 115,000 19,529 148,286 (85) 19,529 148,201 167,730 8,269 2018 40.0 Chelmsford, Massachusetts OFF009 5,931 1,600 21,947 285 1,600 22,232 23,832 10,540 2002 40.0 Jersey City, New Jersey OFF010 63,500 — 99,296 — — 99,296 99,296 4,571 2019 40.0 Mt. Laurel, New Jersey OFF011 46,787 7,726 74,429 10 7,724 74,441 82,165 33,620 2002 40.0 Riverview, New Jersey OFF012 6,850 1,008 13,763 206 1,008 13,969 14,977 5,847 2004 40.0 Riverview, New Jersey OFF013 16,288 2,456 28,955 814 2,456 29,769 32,225 12,511 2004 40.0 North Hills, New York OFF014 70,149 19,631 104,527 — 19,631 104,527 124,158 6,840 2018 40.0 Austin, Texas OFF015 91,000 — 88,136 17,436 — 105,572 105,572 3,811 2019 40.0 Oakton, Virginia OFF016 54,085 14,242 68,610 — 14,242 68,610 82,852 5,175 2018 40.0 Subtotal $ 516,730 $ 87,375 $ 749,057 $ 14,754 $ 87,373 $ 763,813 $ 851,186 $ 112,109 INDUSTRIAL FACILITIES: Montague, Michigan IND001 — (1) 598 9,814 — 598 9,814 10,412 4,540 2007 40.0 Little Falls, Minnesota IND002 — (1) 6,705 17,690 — 6,225 18,170 24,395 7,228 2005 40.0 Jacksonville, Ohio IND003 52,410 1,990 56,329 23,979 1,990 80,308 82,298 4,302 2018 40.0 El Reno, Oklahoma IND004 7,903 401 7,644 — 401 7,644 8,045 1,023 2018 40.0 Fort Worth, Texas IND005 7,903 2,341 17,142 — 2,341 17,142 19,483 1,343 2018 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried Location Encumbrances Land Building and Land Building and Total Accumulated Date Depreciable Chippewa Falls, Wisconsin IND006 29,670 2,845 55,805 273 2,845 56,078 58,923 4,397 2018 40.0 Subtotal $ 97,886 $ 14,880 $ 164,424 $ 24,252 $ 14,400 $ 189,156 $ 203,556 $ 22,833 LAND: Scottsdale, Arizona LAN001 — 1,400 — 800 2,200 — 2,200 — 2011 0 Whittmann, Arizona LAN002 — 96,700 — — 96,700 — 96,700 — 2010 0 Mammoth Lakes, California LAN003 — 28,464 2,836 (19,517) 8,947 2,836 11,783 2,836 (3) 2010 0 Naples, Florida LAN004 — 26,600 — (20,516) 26,600 (20,516) 6,084 5 2010 0 Chicago, Illinois LAN005 — 31,500 — — 31,500 — 31,500 — 2016 0 Asbury Park, New Jersey LAN006 — 43,300 — 39,736 83,036 — 83,036 1,123 2009 0 Asbury Park, New Jersey LAN007 — 3,992 — 106,934 110,926 — 110,926 — (3) 2009 0 Asbury Park, New Jersey LAN008 — 111 5,954 2,206 2,317 5,954 8,271 — 2009 0 Brooklyn, New York LAN009 — 58,900 — (19,874) 39,026 — 39,026 — 2011 0 Long Beach, New York LAN010 — 52,461 — (22,461) 30,000 — 30,000 — 2009 0 Wawarsing, New York LAN011 — 4,600 — — 4,600 — 4,600 — 2018 0 Chesterfield County, Virginia LAN012 — 72,138 — 35,137 107,275 — 107,275 5,944 2009 0 Subtotal $ — $ 420,166 $ 8,790 $ 102,445 $ 543,127 $ (11,726) $ 531,401 $ 9,908 ENTERTAINMENT: Birmingham, Alabama ENT001 1,618 1,939 1,840 — 1,939 1,840 3,779 288 2018 40.0 Avondale, Arizona ENT002 1,293 389 2,074 1 389 2,075 2,464 195 2018 40.0 Glendale, Arizona ENT003 2,281 1,750 2,118 — 1,750 2,118 3,868 314 2018 40.0 Gilbert, Arizona ENT004 4,801 1,969 3,552 — 1,969 3,552 5,521 412 2018 40.0 Mesa, Arizona ENT005 1,448 970 1,710 — 970 1,710 2,680 190 2018 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried Location Encumbrances Land Building and Land Building and Total Accumulated Date Depreciable Scottsdale, Arizona ENT006 1,694 1,205 1,933 — 1,205 1,933 3,138 204 2018 40.0 Tucson, Arizona ENT007 948 456 877 1 456 878 1,334 114 2018 40.0 Chula Vista, California ENT008 2,552 2,032 4,869 — 2,032 4,869 6,901 554 2018 40.0 Fontana, California ENT009 1,578 1,097 1,882 1 1,097 1,883 2,980 244 2018 40.0 Moreno Valley, California ENT010 1,503 990 1,910 — 990 1,910 2,900 228 2018 40.0 Murrieta, California ENT011 2,754 1,649 3,803 — 1,649 3,803 5,452 431 2018 40.0 Norco, California ENT012 2,570 1,503 3,608 — 1,503 3,608 5,111 394 2018 40.0 Palmdale, California ENT013 1,103 777 1,963 — 777 1,963 2,740 263 2018 40.0 San Diego, California ENT014 — (1) — 18,000 — — 18,000 18,000 7,303 2003 40.0 Thousand Oaks, California ENT015 — (1) — 1,953 28,817 — 30,770 30,770 8,201 2008 40.0 Upland, California ENT016 1,578 1,167 1,930 — 1,167 1,930 3,097 235 2018 40.0 Brampton, ONT, Canada ENT017 2,074 1,231 2,491 — 1,231 2,491 3,722 294 2018 40.0 Aurora, Colorado ENT018 1,596 1,057 1,719 — 1,057 1,719 2,776 222 2018 40.0 Colorado Springs, Colorado ENT019 1,087 497 820 — 497 820 1,317 120 2018 40.0 Lakewood, Colorado ENT020 1,513 713 2,206 — 713 2,206 2,919 187 2018 40.0 Lone Tree, Colorado ENT021 5,458 2,880 5,586 — 2,880 5,586 8,466 576 2018 40.0 Westminster, Colorado ENT022 1,601 1,018 1,886 — 1,018 1,886 2,904 223 2018 40.0 Wheat Ridge, Colorado ENT023 1,038 669 1,671 — 669 1,671 2,340 198 2018 40.0 Apopka, Florida ENT024 1,139 757 1,347 — 757 1,347 2,104 171 2018 40.0 Boca Raton, Florida ENT025 — (1) — 41,809 — — 41,809 41,809 24,456 2005 27.0 Boynton Beach, Florida ENT026 — (1) 6,550 — 17,118 6,533 17,135 23,668 5,852 2006 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried Location Encumbrances Land Building and Land Building and Total Accumulated Date Depreciable Margate, Florida ENT027 1,222 513 493 — 513 493 1,006 52 2018 40.0 Melbourne, Florida ENT028 1,287 843 1,537 — 843 1,537 2,380 198 2018 40.0 St. Petersburg, Florida ENT029 — (1) 4,200 18,272 2,591 4,200 20,863 25,063 7,240 2005 40.0 W. Palm Beach, Florida ENT030 — (1) — 19,337 3,863 — 23,200 23,200 7,659 2005 40.0 Augusta, Georgia ENT031 1,885 1,383 3,776 — 1,383 3,776 5,159 378 2018 40.0 Kennesaw, Georgia ENT032 4,484 2,098 5,113 (1) 2,098 5,112 7,210 500 2018 40.0 Lawrenceville, Georgia ENT033 1,412 911 1,285 — 911 1,285 2,196 158 2018 40.0 Marietta, Georgia ENT034 2,043 1,180 1,436 — 1,180 1,436 2,616 170 2018 40.0 Marietta, Georgia ENT035 1,215 715 760 — 715 760 1,475 110 2018 40.0 Norcross, Georgia ENT036 2,283 1,110 380 — 1,110 380 1,490 100 2018 40.0 Roswell, Georgia ENT037 2,022 893 311 1 893 312 1,205 53 2018 40.0 Algonquin, Illinois ENT038 2,990 1,312 4,041 — 1,312 4,041 5,353 524 2018 40.0 Buffalo Grove, Illinois ENT039 1,627 861 3,945 — 861 3,945 4,806 397 2018 40.0 Chicago, Illinois ENT040 — (1) 8,803 57 33,479 8,803 33,536 42,339 10,166 2006 40.0 Glendale Heights, Illinois ENT041 1,050 455 819 1 455 820 1,275 79 2018 40.0 Lake Zurich, Illinois ENT042 1,163 924 238 1 924 239 1,163 161 2018 40.0 Mount Prospect, Illinois ENT043 1,188 704 956 (1) 704 955 1,659 109 2018 40.0 Romeoville, Illinois ENT044 2,863 2,254 3,251 — 2,254 3,251 5,505 481 2018 40.0 Roselle, Illinois ENT045 1,058 730 682 — 730 682 1,412 121 2018 40.0 River Grove, Illinois ENT046 1,720 1,754 3,289 (1) 1,754 3,288 5,042 397 2018 40.0 Vernon Hills, Illinois ENT047 949 600 666 — 600 666 1,266 107 2018 40.0 Waukegan, Illinois ENT048 603 342 670 — 342 670 1,012 83 2018 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried Location Encumbrances Land Building and Land Building and Total Accumulated Date Depreciable Woodridge, Illinois ENT049 1,135 829 1,597 (1) 829 1,596 2,425 200 2018 40.0 Columbia, Maryland ENT050 1,653 1,762 1,300 — 1,762 1,300 3,062 207 2018 40.0 Ellicott City, Maryland ENT051 1,286 889 1,632 1 889 1,633 2,522 161 2018 40.0 Blaine, Minnesota ENT052 2,542 1,801 2,814 (1) 1,801 2,813 4,614 417 2018 40.0 Brooklyn Park, Minnesota ENT053 2,534 1,455 2,036 — 1,455 2,036 3,491 300 2018 40.0 Burnsville, Minnesota ENT054 — (1) 2,962 — 17,164 2,962 17,164 20,126 6,877 2006 40.0 Eden Prairie, Minnesota ENT055 2,589 1,496 2,117 — 1,496 2,117 3,613 277 2018 40.0 Lakeville, Minnesota ENT056 2,591 1,910 3,373 — 1,910 3,373 5,283 384 2018 40.0 Rochester, Minnesota ENT057 — (1) 2,437 8,715 2,098 2,437 10,813 13,250 4,830 2006 40.0 St. Peters, Missouri ENT058 2,818 1,936 3,381 — 1,936 3,381 5,317 378 2014 40.0 Valley Park, Missouri ENT059 1,326 803 1,408 — 803 1,408 2,211 153 2014 40.0 Asbury Park, New Jersey ENT060 — 750 10,670 798 750 11,468 12,218 868 2017 40.0 Fairlawn, New Jersey ENT061 1,542 1,141 2,094 — 1,141 2,094 3,235 205 2018 40.0 Turnersville, New Jersey ENT062 1,413 1,354 1,314 — 1,354 1,314 2,668 252 2018 40.0 Brooklyn, New York ENT063 — 3,277 — 501 587 3,191 3,778 169 2013 40.0 N. Ridgeville, Ohio ENT064 921 290 1,057 — 290 1,057 1,347 79 2018 40.0 Belle Vernon, Pennsylvania ENT065 801 410 759 — 410 759 1,169 113 2018 40.0 Denton, Texas ENT066 1,135 712 763 — 712 763 1,475 97 2018 40.0 Ft. Worth, Texas ENT067 926 379 266 — 379 266 645 48 2018 40.0 Watauga, Texas ENT068 2,062 1,073 2,274 — 1,073 2,274 3,347 241 2018 40.0 Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried Location Encumbrances Land Building and Land Building and Total Accumulated Date Depreciable Lynnwood, Washington ENT069 2,071 1,608 4,010 — 1,608 4,010 5,618 447 2018 40.0 Quincy, Washington ENT070 — (1) 1,500 6,500 — 1,500 6,500 8,000 3,246 2003 40.0 Subtotal $ 105,636 $ 96,624 $ 242,951 $ 106,431 $ 93,917 $ 352,089 $ 446,006 $ 101,061 RETAIL: Colorado Springs, Colorado RET001 — (1) 2,631 279 5,195 2,607 5,498 8,105 1,860 2006 40.0 St. Augustine, Florida RET002 — (1) 3,950 — 10,285 3,908 10,327 14,235 3,674 2005 40.0 Honolulu, Hawaii RET003 — 3,393 21,155 (7,132) 3,393 14,023 17,416 4,546 2009 40.0 Chicago, Illinois RET004 — (1) — 336 2,275 — 2,611 2,611 1,460 2010 40.0 Albuquerque, New Mexico RET005 — (1) 1,733 — 8,728 1,705 8,756 10,461 3,235 2005 40.0 Hamburg, New York RET006 — (1) 731 6,073 699 711 6,792 7,503 2,859 2005 40.0 Anthony, Texas RET007 — (1) 3,538 4,215 (187) 3,514 4,052 7,566 1,499 2005 40.0 Draper, Utah RET008 — (1) 3,502 — 5,975 3,502 5,975 9,477 2,107 2005 40.0 Subtotal $ — $ 19,478 $ 32,058 $ 25,838 $ 19,340 $ 58,034 $ 77,374 $ 21,240 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 3,896 297 22,195 22,492 1,850 2019 40.0 Asbury Park, New Jersey HOT003 — 120 6,548 10 120 6,558 6,678 246 2019 40.0 Asbury Park, New Jersey HOT004 — 3,815 40,194 4,052 3,815 44,246 48,061 8,433 2016 40.0 Subtotal $ — $ 22,228 $ 83,037 $ (23,202) $ 7,651 $ 74,412 $ 82,063 $ 15,060 APARTMENT/RESIDENTIAL: Mammoth, California APA001 — 10,078 40,312 (50,315) 15 60 75 — 2007 0 Atlanta, Georgia APA002 — 2,963 11,850 (10,171) 928 3,714 4,642 — 2010 0 Jersey City, New Jersey APA003 — 36,405 64,719 (100,930) 69 125 194 — 2009 0 Subtotal $ — $ 49,446 $ 116,881 $ (161,416) $ 1,012 $ 3,899 $ 4,911 $ — Initial Cost to Company Cost Capitalized Subsequent to Acquisition (2) Gross Amount Carried Location Encumbrances Land Building and Land Building and Total Accumulated Date Depreciable MIXED USE: Riverside, California MXU001 — 5,869 629 2 5,869 631 6,500 630 2010 40.0 Subtotal $ — $ 5,869 $ 629 $ 2 $ 5,869 $ 631 $ 6,500 $ 630 Total $ 720,252 $ 716,066 $ 1,397,827 $ 89,104 $ 772,689 $ 1,430,308 $ 2,202,997 (4) $ 282,841 (5) _______________________________________________________________________________ (1) Consists of properties pledged as collateral under the Company's secured credit facilities with a carrying value of $263.4 million. (2) Includes impairments and unit sales. (3) These properties have land improvements which have depreciable lives of 15 to 20 years. (4) The aggregate cost for Federal income tax purposes was approximately $2.56 billion at December 31, 2020. (5) Includes $10.5 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, 2020. The following table reconciles real estate from January 1, 2018 to December 31, 2020: 2020 2019 2018 Balance at January 1 $ 2,364,413 $ 2,710,512 $ 2,577,195 Improvements and additions 53,906 134,035 203,124 Acquisitions through foreclosure — — 4,600 Other acquisitions — 231,436 762,207 Dispositions (209,532) (464,648) (656,900) Other (1) — (236,545) — Impairments (5,790) (10,377) (179,714) Balance at December 31 $ 2,202,997 $ 2,364,413 $ 2,710,512 _______________________________________________________________________________ (1) Refer to Note 5. The following table reconciles accumulated depreciation from January 1, 2018 to December 31, 2020: 2020 2019 2018 Balance at January 1 $ (247,998) $ (318,724) $ (366,265) Additions (44,270) (45,615) (48,376) Other (1) — 44,200 — Dispositions 9,427 72,141 95,917 Balance at December 31 $ (282,841) $ (247,998) $ (318,724) _______________________________________________________________________________ (1) Refer to Note 5.

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2020
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, 2020 ($ in thousands) Type of Loan/Borrower Underlying Property Type Contractual Contractual Effective Periodic Payment Terms (1) Prior Face Carrying Amount of Mortgages (2)(3) Senior Mortgages: Borrower A Mixed Use/Mixed Collateral LIBOR + 4.50% LIBOR + 4.50% January, 2021 IO $ — $ 83,579 $ 83,846 Borrower B Land LIBOR + 6.00% LIBOR + 6.00% March, 2021 IO $ — 58,161 58,070 Borrower C Apartment/Residential Fixed: 6.00% Fixed: 6.00% April, 2021 IO — 61,805 61,740 Borrower D Apartment/Residential LIBOR + 5.25% LIBOR + 5.25% June, 2021 IO — 53,055 53,033 Borrower E Mixed Use/Mixed Collateral LIBOR + 6.75% LIBOR + 6.75% June, 2021 IO — 52,552 52,563 Borrower F Mixed Use/Mixed Collateral LIBOR + 4.75% LIBOR + 4.75% July, 2021 IO — 51,705 51,629 Borrower G Hotel LIBOR + 4.50% LIBOR + 4.50% February, 2021 IO — 42,501 42,501 Borrower H Apartment/Residential LIBOR + 5.25% LIBOR + 5.25% December, 2021 IO — 24,585 24,610 Borrower I Apartment/Residential LIBOR + 2.65% LIBOR + 2.65% November, 2023 IO — 22,500 20,115 Borrower J Apartment/Residential LIBOR + 5.25% LIBOR + 5.25% September, 2021 IO — 20,955 20,999 Senior mortgages individually <3% Apartment/Residential, Retail, Mixed Use/Mixed Collateral, Office, Hotel, Land, or Other Fixed: 9.68% Variable: LIBOR + 5.00% Fixed: 9.68% Variable: LIBOR + 5.00% 2021 to 2024 IO — 15,694 15,807 487,092 484,913 Subordinate Mortgages: Subordinate mortgages individually <3% Hotel Fixed: 6.80% Fixed: 6.80% September, 2057 IO — 11,637 11,640 11,637 11,640 Total mortgages $ 498,729 $ 496,553 _______________________________________________________________________________ (1) IO = Interest only. (2) Amounts are presented net of asset-specific allowances of $0.7 million on impaired loans. Impairment is measured using the estimated fair value of collateral, less costs to sell. (3) The carrying amount of mortgages approximated the federal income tax basis. iStar Inc. Schedule IV—Mortgage Loans on Real Estate (Continued) As of December 31, 2020 ($ in thousands) Reconciliation of Mortgage Loans on Real Estate: The following table reconciles Mortgage Loans on Real Estate from January 1, 2018 to December 31, 2020: (1) 2020 2019 2018 Balance at January 1 $ 561,761 $ 730,515 $ 752,129 Additions: New mortgage loans 19,975 11,667 381,133 Additions under existing mortgage loans 72,574 164,120 157,702 Other (2) 25,867 25,740 25,778 Deductions (3) : Collections of principal (178,662) (355,769) (501,466) Provision for loan losses (4,930) (493) (45) Transfers to real estate and equity investments — (13,987) (84,684) Amortization of premium (32) (32) (32) Balance at December 31 $ 496,553 $ 561,761 $ 730,515 ______________________________________________________________ (1) Balances represent the carrying value of loans, which are net of asset specific allowances. (2) Amount includes amortization of discount, deferred interest capitalized and mark-to-market adjustments resulting from changes in foreign exchange rates. (3) Amount is presented net of charge-offs of $25.9 million and $19.2 million for the years ended December 31, 2020 and 2019.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
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
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— Gains 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 estimated 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 net of any unamortized acquisition premiums or discounts and unamortized deferred loan costs or fees. These loans and debt securities could 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 recorded 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 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.
Loans and leases receivable, real estate acquired through foreclosure	The Company may acquire 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 allowance 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 right-of-use lease assets, 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
Leases	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, 2020, 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
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. The Company moves to cash basis operating lease income recognition in the period in which collectability of all lease payments is no longer considered probable. At such time, any operating lease receivable or deferred operating lease income receivable balance will be written off. If and when lease payments that were previously not considered probable of collection become probable, the Company will move back to the straight-line method of income recognition and record an adjustment to operating lease income in that period as if the lease was always on the straight-line method of income recognition. 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 it on non-accrual status at such time as: (1) interest payments become 90 days delinquent; (2) it 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 mark-to-market gains on equity method investments, management fees, other ancillary income from our operating properties, land and development projects and loan portfolio and revenues from hotel operations, which are recognized when rooms are occupied and the related services are provided. Hotel revenues include room sales, food and beverage sales, parking, telephone, spa services and gift shop sales. Other ancillary income could include gains from sales of loans, loan prepayment fees, yield maintenance payments, lease termination fees and other ancillary income. Land development revenue and cost of sales: Land development revenue includes lot and parcel sales from wholly-owned properties and is recognized for full profit recognition upon closing of the sale transactions, when the profit is determinable, the earnings process is virtually complete, the parties are bound by the terms of the contract, all consideration has been exchanged, any permanent financing for which the seller is responsible has been arranged and all conditions for closing have been performed. The Company primarily uses specific identification and the relative sales value method to allocate costs.
Allowance for loan losses and net investment in leases	Allowance for loan losses and net investment in leases — The Company performs quarterly a comprehensive analysis of its loan and sales-type lease portfolios and assigns risk ratings that incorporate management's current judgments about 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 or tenant financial resources and investment collateral, collateral type, project economics and geographical location as well as national and regional economic factors. This methodology results in loans and sales-type leases being risk rated, with ratings ranging from "1" to "5" with "1" representing the lowest risk of loss and "5" representing the highest risk of loss. Upon adoption of ASU 2016-13 on January 1, 2020, the Company estimates its Expected Loss on its loans (including unfunded loan commitments), held-to-maturity debt securities and net investment in leases based on relevant information including historical realized loss rates, current market conditions and reasonable and supportable forecasts that affect the collectability of its investments. The estimate of the Company's Expected Loss requires significant judgment and the Company analyzes its loan portfolio based upon its different categories of financial assets, which includes: (i) loans and held-to-maturity debt securities; (ii) construction loans; and (iii) net investment in leases and financings that resulted from the acquisition of properties that did not qualify as a sale leaseback transaction and, as such, are accounted for as financing receivables (refer to Note 5). For the Company's loans, held-to-maturity debt securities, construction loans, net investment in leases and financings that resulted from the acquisition of properties that did not qualify as sale leaseback transactions, the Company analyzed its historical realized loss experience to estimate its Expected Loss. The Company adjusted its Expected Loss through the use of third-party market data that provided current and future economic conditions that may impact the performance of the commercial real estate assets securing its investments. The Company considers a loan or sales-type lease to be non-performing and places it on non-accrual status at such time as: (1) interest payments become 90 days delinquent; (2) it 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 or sales-type lease. Non-accrual loans or sales-type leases are returned to accrual status when they have become contractually current and management believes all amounts contractually owed will be received. The Company will record a specific allowance on a non-performing loan or sales-type lease if the Company determines that the collateral fair value less costs to sell is less than the carrying value of the collateral-dependent asset. The specific allowance is increased (decreased) through "Provision for (recovery of) loan losses" or "Provision for losses on net investment in leases" 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 or tenant as the Company works toward a settlement or other alternative resolution, which can impact the potential for 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 allowance will be charged off. The Company made the accounting policy election to record accrued interest on its loan portfolio separate from its loans receivable and other lending investments and to exclude accrued interest from its amortized cost basis disclosures (refer to Note 7). As of December 31, 2020 and 2019, accrued interest was $5.0 million and $4.2 million, respectively, and is recorded in "Accrued interest and operating lease income receivable, net" on the Company's consolidated balance sheets. The Company places loans on non-accrual status once interest on the loan becomes 90 days delinquent and reverses any accrued interest as a reduction to interest income or recognizes a credit loss expense at such time. As such, the Company elected the practical expedient to not record an allowance against accrued interest receivable. During the years ended December 31, 2020, 2019 and 2018, the Company did not reverse any accrued interest on its loan portfolio. As of December 31, 2020, all of the Company's net investment in leases were performing in accordance with the terms of the respective leases. 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 or 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. For available-for-sale debt securities held in "Loans receivable and other lending investments, net," management evaluates an available-for-sale security for impairment if the security's fair value is less than its amortized cost. If the Company
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	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 allowance 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, 2020 is $31.5 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, 2019, the Company had $460.6 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 begin to expire in 2032 and will fully expire in 2036 if unused. The amount of NOL carryforwards as of December 31, 2020 will be subject to finalization of the Company's 2020 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 2016 through 2019 remain subject to examination by major tax jurisdictions. During the year ended December 31, 2020, the Company is expected to have a REIT taxable loss 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, 2020, $562.3 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 August 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40) ("ASU 2020-06"). ASU 2020-06 was issued to reduce the complexity associated with applying current accounting guidance for certain financial instruments with characteristics of both liabilities and equity. ASU 2020-06 removes certain separation models under ASC 470-20 so that a convertible debt instrument will be accounted for as a single liability measured at its amortized cost and a convertible preferred stock will be accounted for as a single equity instrument measured at its historical cost, as long as no other features require bifurcation and recognition as derivatives. In addition, ASU 2020-06 requires that the if-converted method be used for all convertibles and that the treasury stock method no longer be used. ASU 2020-06 is effective for interim and annual reporting periods beginning after December 15, 2021. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company plans to early adopt ASU 2020-06 effective with the annual reporting period beginning January 1, 2021. The impact from the adoption of ASU 2020-06 on the Company’s consolidated balance sheet will be an increase to "Debt obligations, net" as of January 1, 2021 of approximately $10 million with a corresponding decrease to "Total iStar Inc. shareholders' equity" as of January 1, 2021 of approximately $10 million.

Basis of Presentation and Pri_2

Basis of Presentation and Principles of Consolidation (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 and 2019 ($ in thousands): As of December 31, December 31, ASSETS Real estate Real estate, at cost $ 899,110 $ 891,000 Less: accumulated depreciation (61,917) (37,542) Real estate, net 837,193 853,458 Land and development, net 240,137 273,617 Other investments 35 45 Cash and cash equivalents 22,571 19,112 Accrued interest and operating lease income receivable, net 1,472 1,208 Deferred operating lease income receivable, net 29,428 19,547 Deferred expenses and other assets, net 122,591 134,117 Total assets $ 1,253,427 $ 1,301,104 LIABILITIES Accounts payable, accrued expenses and other liabilities $ 115,581 $ 107,455 Debt obligations, net 488,719 482,918 Total liabilities 604,300 590,373

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
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, 2020 2019 2018 Current tax benefit (expense) (1)(2) $ (106) $ (35) $ (447) Total income tax (expense) benefit $ (106) $ (35) $ (447) _______________________________________________________________________________ (1) For the years ended December 31, 2020, 2019, and 2018, excludes a REIT tax expense of $0.1 million, $0.4 million, $0.5 million, respectively. (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. The CARES Act enacted on March 27, 2020 permits corporate taxpayers to accelerate the full amount of its alternative minimum tax credits. The Company filed a claim for refund and received a $3.0 million refund for which the benefit had been recognized in 2017.
Schedule of deferred tax assets and liabilities	Deferred tax assets and liabilities of the Company's TRS entities were as follows ($ in thousands): As of December 31, 2020 2019 Deferred tax assets (1) $ 80,101 $ 79,645 Valuation allowance (80,101) (79,645) Net deferred tax assets (liabilities) $ — $ — _______________________________________________________________________________

Real Estate (Tables)

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 Land, at cost $ 188,418 $ 103,530 $ 291,948 Buildings and improvements, at cost 1,353,683 106,422 1,460,105 Less: accumulated depreciation (250,198) (17,574) (267,772) Real estate, net 1,291,903 192,378 1,484,281 Real estate available and held for sale (2) — 5,212 5,212 Total real estate $ 1,291,903 $ 197,590 $ 1,489,493 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 _______________________________________________________________________________ (1) As of December 31, 2020 and 2019, real estate, net included $755.5 million and $768.6 million, respectively, of real estate of the Net Lease Venture (refer to Net Lease Venture below).
Schedule of real estate available and held for sale	The following table presents the carrying value of properties transferred to held for sale, by segment ($ in millions): (1) Years Ended December 31, Property Type 2020 2019 2018 Operating Properties $ — $ 14.5 $ 23.2 Net Lease 8.9 185.9 8.1 Total $ 8.9 $ 200.4 $ 31.3 _______________________________________________________________________________ (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 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, 2020 2019 2018 Operating Properties (1) Proceeds $ 5.9 $ 86.1 $ 327.9 Income from sales of real estate 0.2 11.9 81.0 Net Lease (2) Proceeds $ 42.4 $ 469.4 $ 79.7 Income from sales of real estate 6.1 224.7 45.0 Total Proceeds $ 48.3 $ 555.5 $ 407.6 Income from sales of real estate 6.3 236.6 126.0 _______________________________________________________________________________ (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 $9.8 million was attributable to a noncontrolling interest at one of the properties.
Schedule of future minimum rental payments for operating leases	Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2020, are as follows ($ in thousands): Year Net Lease Operating Properties 2021 $ 131,625 $ 15,948 2022 129,891 7,784 2023 121,586 7,469 2024 115,900 7,462 2025 119,357 6,809 Thereafter 1,238,073 9,712 Operating (1)(2) Finance (1) 2021 $ 3,797 $ 5,494 2022 6,756 5,604 2023 6,393 5,716 2024 6,309 5,830 2025 6,297 5,946 Thereafter 496 1,567,826 Total undiscounted cash flows 30,048 1,596,416 Present value discount (1) (3,771) (1,445,896) Other adjustments (2) 23,795 — Lease liabilities $ 50,072 $ 150,520 _______________________________________________________________________________ (1) During the years ended December 31, 2020 and 2019, the Company made payments of $4.3 million and $4.1 million, respectively, related to its operating leases and $5.4 million and $3.3 million, respectively, related to its finance leases (refer to Note 4). As of December 31, 2020, the weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.6 years and the weighted average discount rate was 5.0%. As of December 31, 2020, the weighted average lease term for the Company's finance leases was 97 years and the weighted average discount rate was 5.5%. (2) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under operating and finance leases as of December 31, 2019 were as follows ($ 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) As of December 31, 2019, 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%. As of December 31, 2019, 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.

Net Investment in Leases (Table

Net Investment in Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Schedule of net investment in leases	The Company's net investment in leases were comprised of the following as of December 31, 2020 and December 31, 2019 ($ in thousands): December 31, 2020 December 31, 2019 Total undiscounted cash flows $ 1,020,921 $ 1,042,019 Unguaranteed estimated residual value 345,284 340,620 Present value discount (926,233) (963,724) Allowance for losses on net investment in leases (10,871) — Net investment in leases (1) $ 429,101 $ 418,915 _______________________________________________________________________________ (1) As of December 31, 2020 and 2019, all of the Company's net investment in leases were current in their payment status and performing in accordance with the terms of the respective leases. As of December 31, 2020, the risk rating on the Company's net investment in leases was 2.0 (refer to Note 3).
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, 2020, are as follows by year ($ in thousands): Amount 2021 $ 14,248 2022 30,481 2023 41,854 2024 41,584 2025 30,481 Thereafter 862,273 Total undiscounted cash flows $ 1,020,921
Schedule of changes in allowance for losses on net investment in leases	Allowance for Losses on Net Investment in Leases —Changes in the Company's allowance for losses on net investment in leases for the year ended December 31, 2020 were as follows ($ in thousands): Allowance for losses on net investment in leases at beginning of period $ — Initial allowance recorded upon adoption of new accounting standard (1) 9,111 Provision for losses on net investment in leases (2) 1,760 Allowance for losses on net investment in leases at end of period $ 10,871 _________________________________________________________ (1) The Company recorded an initial allowance for losses on net investment in leases of $9.1 million upon the adoption of ASU 2016-13 on January 1, 2020 (refer to Note 3). (2) During the year ended December 31, 2020, the Company recorded a provision for losses on net investment in leases of $1.8 million resulting primarily from the macroeconomic impact of the COVID-19 pandemic on commercial real estate markets and the adoption of ASU 2016-13 (refer to Note 3).

Land and Development (Tables)

Land and Development (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 2019 Land and land development, at cost $ 441,201 $ 590,153 Less: accumulated depreciation (10,538) (9,608) Total land and development, net $ 430,663 $ 580,545

Loans Receivable and Other Le_2

Loans Receivable and Other Lending Investments, net (Tables)	12 Months Ended
	Dec. 31, 2020
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, Construction loans 2020 2019 Senior mortgages $ 449,733 $ 518,992 Corporate/Partnership loans 65,100 95,394 Subtotal - gross carrying value of construction loans (1) 514,833 614,386 Loans Senior mortgages 35,922 53,592 Corporate/Partnership loans 20,567 24,424 Subordinate mortgages 11,640 10,877 Subtotal - gross carrying value of loans 68,129 88,893 Other lending investments Financing receivables (refer to Note 5) 46,549 44,339 Held-to-maturity debt securities 90,715 84,981 Available-for-sale debt securities 25,274 23,896 Subtotal - other lending investments 162,538 153,216 Total gross carrying value of loans receivable and other lending investments 745,500 856,495 Allowance for loan losses (13,170) (28,634) Total loans receivable and other lending investments, net $ 732,330 $ 827,861 _______________________________________________________________________________ (1) As of December 31, 2020, 47%, or $241.8 million, gross carrying value of construction loans had completed construction and 5%, or $24.6 million, gross carrying value of construction loans had substantially completed construction.
Schedule of changes in the company's reserve for loan losses	Changes in the Company's allowance for loan losses were as follows for the year ended December 31, 2020 ($ in thousands): General Allowance Construction Loans Held to Financing Receivables Specific Total Allowance for loan losses at beginning of period $ 6,668 $ 265 $ — $ — $ 21,701 $ 28,634 Adoption of new accounting standard (1) (353) 98 20 964 — 729 Provision for loan losses (2) 226 1,280 3,073 186 4,931 9,696 Charge-offs (3) — — — — (25,889) (25,889) Allowance for loan losses at end of period $ 6,541 $ 1,643 $ 3,093 $ 1,150 $ 743 $ 13,170 ____________________________________________________________ (1) On January 1, 2020, the Company recorded an increase to its allowance for loan losses of $3.3 million upon the adoption of ASU 2016-13 (refer to Note 3), of which $2.5 million related to expected credit losses for unfunded loan commitments and was recorded in "Accounts payable, accrued expenses and other liabilities." (2) During the year ended December 31, 2020, the Company recorded a provision for loan losses of $9.1 million in its consolidated statement of operations resulting from the macroeconomic impact of the COVID-19 pandemic on commercial real estate markets, of which $1.5 million related to a recovery of credit losses for unfunded loan commitments and is recorded as a reduction to "Accounts payable, accrued expenses and other liabilities" and $0.9 million related to a provision on a non-performing loan that was recorded as a reduction to "Accrued interest and operating lease income receivable, net." (3) During the year ended December 31,2020, the Company charged-off $25.9 million from the specific allowance due to the sale of a non-performing loan. During the year ended December 31, 2019, the Company charged-off $19.2 million from the specific allowance due to the resolution of a non-performing loan and $12.0 million due to the deterioration of the collateral on a separate non-performing loan.
Schedule of recorded investment in loans and associated reserve for loan losses	The Company's investment in loans and other lending investments and the associated allowance for loan losses were as follows ($ in thousands): Individually Evaluated for Impairment (1) Collectively Total As of December 31, 2020 Construction loans (2) $ 53,305 $ 461,528 $ 514,833 Loans (2) — 68,129 68,129 Financing receivables — 46,549 46,549 Held-to-maturity debt securities — 90,715 90,715 Available-for-sale debt securities (3) — 25,274 25,274 Less: Allowance for loan losses (743) (12,427) (13,170) Total $ 52,562 $ 679,768 $ 732,330 As of December 31, 2019 Construction loans (2) $ — $ 614,386 $ 614,386 Loans (2) 37,820 51,073 88,893 Financing receivables — 44,339 44,339 Held-to-maturity debt securities — 84,981 84,981 Available-for-sale debt securities — 23,896 23,896 Less: Allowance for loan losses (21,701) (6,933) (28,634) Total $ 16,119 $ 811,742 $ 827,861 _______________________________________________________________________________ (1) The carrying value of these loans includes an unamortized net discount of $0.8 million and $0.1 million as of December 31, 2020 and 2019, respectively. The Company's loans individually evaluated for impairment represents 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 includes an unamortized net discount of $2.3 million and $0.7 million as of December 31, 2020 and 2019, respectively. (3) Available-for-sale debt securities are evaluated for impairment under ASC 326-30.
Schedule of investment in performing loans, presented by class and by credit quality, as indicated by risk rating	The Company's amortized cost basis in performing senior mortgages, corporate/partnership loans, subordinate mortgages and financing receivables, presented by year of origination and by credit quality, as indicated by risk rating, was as follows as of December 31, 2020 ($ in thousands): Year of Origination 2020 2019 2018 2017 2016 Prior to Total Senior mortgages Risk rating 1.0 $ — $ — $ — $ — $ — $ — $ — 1.5 — — — — — — — 2.0 — — — — — — — 2.5 — — 58,070 — — — 58,070 3.0 20,115 — 109,121 145,585 42,502 3,925 321,248 3.5 — — — — — — — 4.0 — — 53,033 — — — 53,033 4.5 — — — — — — — 5.0 — — — — — — — Subtotal (1) $ 20,115 $ — $ 220,224 $ 145,585 $ 42,502 $ 3,925 $ 432,351 Corporate/partnership loans Risk rating 1.0 $ — $ — $ — $ — $ — $ — $ — 1.5 — — — — — — — 2.0 — — — — — — — 2.5 — — — — — — — 3.0 — — 22,155 — — — 22,155 3.5 — — — — — — — 4.0 — — 20,567 — 42,945 — 63,512 4.5 — — — — — — — 5.0 — — — — — — — Subtotal $ — $ — $ 42,722 $ — $ 42,945 $ — $ 85,667 Subordinate mortgages Risk rating 1.0 $ — $ — $ — $ — $ — $ — $ — 1.5 — — — — — — — 2.0 — — — — — — — 2.5 — — — — — — — 3.0 — — — — — 11,640 11,640 3.5 — — — — — — — 4.0 — — — — — — — 4.5 — — — — — — — 5.0 — — — — — — — Subtotal $ — $ — $ — $ — $ — $ 11,640 $ 11,640 Financing receivables Risk rating 1.0 $ — $ — $ — $ — $ — $ — $ — 1.5 — — — — — — — 2.0 — 46,549 — — — — 46,549 2.5 — — — — — — — 3.0 — — — — — — — 3.5 — — — — — — — 4.0 — — — — — — — 4.5 — — — — — — — 5.0 — — — — — — — Subtotal $ — $ 46,549 $ — $ — $ — $ — $ 46,549 Total $ 20,115 $ 46,549 $ 262,946 $ 145,585 $ 85,447 $ 15,565 $ 576,207 ____________________________________________________________
Schedule of recorded investment in loans, aged by payment status and presented by class	The Company's amortized cost basis in loans, aged by payment status and presented by class, was as follows ($ in thousands): As of December 31, 2020 Current Less Than Greater Total Total Senior mortgages $ 443,154 $ 42,501 $ — $ 42,501 $ 485,655 Corporate/Partnership loans 42,721 42,946 — 42,946 85,667 Subordinate mortgages 11,640 — — — 11,640 Total $ 497,515 $ 85,447 $ — $ 85,447 $ 582,962 As of December 31, 2019 Senior mortgages $ 534,765 $ — $ 37,820 $ 37,820 $ 572,585 Corporate/Partnership loans 119,818 — — — 119,818 Subordinate mortgages 10,877 — — — 10,877 Total $ 665,460 $ — $ 37,820 $ 37,820 $ 703,280
Schedule of recorded investment in impaired loans, presented by class	The Company's impaired loans, presented by class, were as follows ($ in thousands): As of December 31, 2020 As of December 31, 2019 Recorded Unpaid Related Recorded Unpaid Related With an allowance recorded: Senior mortgages (1) $ 53,305 $ 52,552 $ (743) $ 37,820 $ 37,923 $ (21,701) Total $ 53,305 $ 52,552 $ (743) $ 37,820 $ 37,923 $ (21,701) _______________________________________________________________________________ (1) The Company has
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): Years Ended December 31, 2020 2019 2018 Average Interest Average Interest Average Interest With no related allowance recorded: Subordinate mortgages $ — $ — $ — $ — $ — $ 301 Subtotal — — — — — 301 With an allowance recorded: Senior mortgages 50,205 2,145 38,556 — 67,041 — Corporate/Partnership loans — — — — 39,169 — Subtotal 50,205 2,145 38,556 — 106,210 — Total: Senior mortgages 50,205 2,145 38,556 — 67,041 — Corporate/Partnership loans — — — — 39,169 — Subordinate mortgages — — — — — 301 Total $ 50,205 $ 2,145 $ 38,556 $ — $ 106,210 $ 301
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, 2020 Available-for-Sale Securities Municipal debt securities $ 20,680 $ 20,680 $ 4,594 $ 25,274 $ 25,274 Held-to-Maturity Securities Debt securities 100,000 90,715 — 90,715 90,715 Total $ 120,680 $ 111,395 $ 4,594 $ 115,989 $ 115,989 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
Schedule of contractual maturities of securities	As of December 31, 2020, 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 90,715 90,715 — — After 5 years through 10 years — — — — After 10 years — — 20,680 25,274 Total $ 90,715 $ 90,715 $ 20,680 $ 25,274

Other Investments (Tables)

Other Investments (Tables)	12 Months Ended
	Dec. 31, 2020
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) (1) As of December 31, For the Years Ended December 31, 2020 2019 2020 2019 2018 Real estate equity investments Safehold Inc. ("SAFE") (2) $ 937,712 $ 729,357 $ 53,476 $ 29,764 $ 4,711 iStar Net Lease II LLC ("Net Lease Venture II") 78,998 30,712 2,654 (529) (333) iStar Net Lease I LLC ("Net Lease Venture") (3) — — — — 4,100 Other real estate equity investments (4) 89,939 104,553 (12,929) 12,620 (4,112) Subtotal 1,106,649 864,622 43,201 41,855 4,366 Other strategic investments (5) 69,911 43,253 (1,075) (6) (9,373) Total $ 1,176,560 $ 907,875 $ 42,126 $ 41,849 $ (5,007) _______________________________________________________________________________ (1) For the years ended December 31, 2020, 2019 and 2018, earnings (losses) from equity method investments is net of the Company's pro rata share of $19.5 million, $14.4 million and $16.9 million, respectively, of depreciation expense and $59.3 million, $32.9 million and $18.1 million, respectively, of interest expense. (2) As of December 31, 2020, the Company owned 34.8 million shares of SAFE common stock which, based on the closing price of $72.49 on December 31, 2020, had a market value of $2.5 billion. For the year ended December 31, 2020, equity in earnings includes $14.4 million of dilution gains resulting from the dilution of our ownership in SAFE in connection with equity offerings at SAFE in 2020. For the year ended December 31, 2019, equity in earnings includes dilution gains of $7.6 million. (3) The Company consolidated the assets and liabilities of the Net Lease Venture on June 30, 2018 (refer to Note 4). (4) 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. (5) During the year ended December 31, 2020, the Company identified observable price changes in an equity security held by the Company as evidenced by orderly private issuances of similar securities by the same issuer. In accordance with ASC 321, the Company remeasured its equity investment at fair value and recognized aggregate mark-to-market gains of $23.9 million in "Other income" in the Company's consolidated statements of operations. 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, 2020 2019 2020 2019 2018 Balance Sheets Income Statements Total assets $ 4,522,147 $ 3,653,763 Revenues $ 149,928 $ 214,123 $ 262,970 Total liabilities 2,437,621 1,918,034 Expenses (203,689) (181,456) (187,257) Noncontrolling interests 2,124 1,486 Net income attributable to parent entities (53,955) 32,474 75,056 Total equity attributable to parent entities 2,082,402 1,734,243

Other Assets and Other Liabil_2

Other Assets and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 2019 Intangible assets, net (1) $ 156,041 $ 174,973 Finance lease right-of-use assets (2) 143,727 145,209 Operating lease right-of-use assets (2) 48,891 34,063 Other receivables 10,881 16,846 Restricted cash 51,933 45,034 Other assets (3) 19,453 17,534 Leasing costs, net (4) 2,340 3,793 Corporate furniture, fixtures and equipment, net (5) 2,024 2,736 Deferred financing fees, net 1,549 2,300 Deferred expenses and other assets, net $ 436,839 $ 442,488 _______________________________________________________________________________ (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 $44.4 million and $33.4 million as of December 31, 2020 and 2019, respectively. The amortization of above market leases and lease incentive assets decreased operating lease income in the Company's consolidated statements of operations by $1.4 million, $1.7 million and $2.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. These intangible lease assets are amortized over the term of the lease. The amortization expense for in-place leases was $10.5 million, $9.6 million and $7.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. These amounts are included in "Depreciation and amortization" in the Company's consolidated statements of operations. As of December 31, 2020, the weighted average remaining amortization period for the Company's intangible assets was approximately 16.7 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 5.1% and the weighted average remaining lease term is 8.2 years. For finance leases, lease liabilities were discounted at a weighted average rate implicit in the lease of 5.5% and the weighted average remaining lease term is 97.0 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 years ended December 31, 2020 and 2019, the Company recognized $8.2 million and $5.1 million, respectively, in "Interest expense" and $1.5 million and $0.9 million, respectively, 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 years ended December 31, 2020 and 2019, the Company recognized $4.7 million and $3.6 million, respectively, in "General and administrative" and $3.5 million and $3.3 million, respectively, in "Real estate expense" in its consolidated statement of operations relating to operating leases. (3) Other assets primarily includes derivative assets, prepaid expenses and deposits for certain real estate assets. (4) Accumulated amortization of leasing costs was $2.6 million and $3.3 million as of December 31, 2020 and 2019, respectively. (5) Accumulated depreciation on corporate furniture, fixtures and equipment was $14.3 million and $13.1 million as of December 31, 2020 and 2019, respectively.
Schedule of accounts payable, accrued expenses and other liabilities	Accounts payable, accrued expenses and other liabilities consist of the following items ($ in thousands): As of December 31, 2020 2019 Other liabilities (1) $ 91,513 $ 81,709 Finance lease liabilities (see table above) 150,520 147,749 Operating lease liabilities (see table above) 50,072 34,182 Accrued expenses 94,724 83,778 Accrued interest payable 32,355 25,733 Intangible liabilities, net (2) 48,738 51,223 Accounts payable, accrued expenses and other liabilities $ 467,922 $ 424,374 _______________________________________________________________________________ (1) As of December 31, 2020 and 2019, "Other liabilities" includes $36.9 million and $27.5 million, respectively, of deferred income. As of December 31, 2020 and 2019, other liabilities includes $19.0 million and $8.7 million, respectively, of derivative liabilities. As of December 31, 2020, other liabilities includes $1.0 million of expected credit losses for unfunded loan commitments. (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 $7.5 million and $5.0 million as of December 31, 2020 and 2019, respectively. The amortization of below market lease liabilities increased operating lease income in the Company's consolidated statements of operations by $2.5 million, $2.3 million and $3.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. As of December 31, 2020, the weighted average amortization period for the Company's intangible liabilities was approximately 17.5 years.
Schedule of expense from the amortization of lease intangible assets and liabilities	The estimated expense from the amortization of intangible assets for each of the five succeeding fiscal years is as follows ($ in thousands): Year Amount 2021 $ 11,725 2022 11,724 2023 11,570 2024 11,452 2025 11,144

Loan Participations Payable, _2

Loan Participations Payable, net (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 December 31, 2019 Loan participations payable (1) $ 42,501 $ 35,656 Debt discounts and deferred financing costs, net — (18) Total loan participations payable, net $ 42,501 $ 35,638 _______________________________________________________________________________

Debt Obligations, net (Tables)

Debt Obligations, net (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of debt obligations	The Company's debt obligations were as follows ($ in thousands): Carrying Value as of December 31, Stated Scheduled 2020 2019 Secured credit facilities and mortgages: Revolving Credit Facility $ — $ — LIBOR + 2.00% (1) September 2022 Senior Term Loan 491,875 491,875 LIBOR + 2.75% (2) June 2023 Mortgages collateralized by net lease assets (3) 721,075 721,118 1.69% - 7.26% (3) Total secured credit facilities and mortgages (4) 1,212,950 1,212,993 Unsecured notes: 6.00% senior notes (5) — 110,545 6.00% — 5.25% senior notes (6) — 400,000 5.25% — 3.125% senior convertible notes (7) 287,500 287,500 3.125% September 2022 4.75% senior notes (8) 775,000 775,000 4.75% October 2024 4.25% senior notes (9) 550,000 550,000 4.25% August 2025 5.50% senior notes (10) 400,000 — 5.50% February 2026 Total unsecured notes 2,012,500 2,123,045 Other debt obligations: Trust preferred securities 100,000 100,000 LIBOR + 1.50% October 2035 Total debt obligations 3,325,450 3,436,038 Debt discounts and deferred financing costs, net (38,475) (48,958) Total debt obligations, net (11) $ 3,286,975 $ 3,387,080 _______________________________________________________________________________ (1) The Revolving Credit Facility 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 Senior Term 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, 2020, the weighted average interest rate of these loans is 4.4% inclusive of the effect of interest rate swaps. (4) As of December 31, 2020, $2.1 billion net carrying value of assets served as collateral for the Company's secured debt obligations. (5) The Company repaid these senior notes in January 2020. (6) The Company repaid these senior notes in September 2020. (7) 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, 2020 was 70.25 shares per $1,000 principal amount of 3.125% Convertible Notes, which equals a conversion price of $14.23 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, 2020, the carrying value of the 3.125% Convertible Notes was $275.1 million, net of fees, and the unamortized discount of the 3.125% Convertible Notes was $10.2 million, net of fees. 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. During the years ended December 31, 2020, 2019 and 2018, the Company recognized $9.0 million, $9.0 million, $9.0 million, respectively, of contractual interest and $5.2 million, $5.0 million and $4.7 million, respectively, of discount amortization on the 3.125% Convertible Notes. The effective interest rate for 2020, 2019 and 2018 was 5.2%. (8) The Company can prepay these senior notes without penalty beginning July 1, 2024. (9) The Company can prepay these senior notes without penalty beginning May 1, 2025. (10) The Company can prepay these senior notes without penalty beginning August 15, 2024. (11) The Company capitalized interest relating to development activities of $1.9 million, $7.5 million and $11.3 million for the years ended December 31, 2020, 2019 and 2018, respectively.
Schedule of future scheduled maturities of outstanding long-term debt obligations, net	As of December 31, 2020, future scheduled maturities of outstanding debt obligations are as follows ($ in thousands): Unsecured Debt Secured Debt Total 2021 $ — $ 156,144 $ 156,144 2022 287,500 46,787 334,287 2023 — 491,875 491,875 2024 775,000 — 775,000 2025 550,000 272,843 822,843 Thereafter 500,000 245,301 745,301 Total principal maturities 2,112,500 1,212,950 3,325,450 Unamortized discounts and deferred financing costs, net (32,465) (6,010) (38,475) Total debt obligations, net $ 2,080,035 $ 1,206,940 $ 3,286,975

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of unfunded commitments	As of December 31, 2020, 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 Other Total Performance-Based Commitments $ 63,419 $ 2,213 $ 25,959 $ 91,591 Strategic Investments — — 12,810 12,810 Total $ 63,419 $ 2,213 $ 38,769 $ 104,401 ___________________________________________________________________________ (1) Excludes $7.5 million of commitments on loan participations sold that are not the obligation of the Company.
Schedule of future minimum rental payments for operating leases	Future minimum operating lease payments to be collected under non-cancelable leases, excluding customer reimbursements of expenses, in effect as of December 31, 2020, are as follows ($ in thousands): Year Net Lease Operating Properties 2021 $ 131,625 $ 15,948 2022 129,891 7,784 2023 121,586 7,469 2024 115,900 7,462 2025 119,357 6,809 Thereafter 1,238,073 9,712 Operating (1)(2) Finance (1) 2021 $ 3,797 $ 5,494 2022 6,756 5,604 2023 6,393 5,716 2024 6,309 5,830 2025 6,297 5,946 Thereafter 496 1,567,826 Total undiscounted cash flows 30,048 1,596,416 Present value discount (1) (3,771) (1,445,896) Other adjustments (2) 23,795 — Lease liabilities $ 50,072 $ 150,520 _______________________________________________________________________________ (1) During the years ended December 31, 2020 and 2019, the Company made payments of $4.3 million and $4.1 million, respectively, related to its operating leases and $5.4 million and $3.3 million, respectively, related to its finance leases (refer to Note 4). As of December 31, 2020, the weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.6 years and the weighted average discount rate was 5.0%. As of December 31, 2020, the weighted average lease term for the Company's finance leases was 97 years and the weighted average discount rate was 5.5%. (2) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under operating and finance leases as of December 31, 2019 were as follows ($ 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) As of December 31, 2019, 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%. As of December 31, 2019, 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.
Schedule of future minimum rental payments for financing leases	Future minimum lease obligations under non-cancelable operating and finance leases as of December 31, 2020 are as follows ($ in thousands): Operating (1)(2) Finance (1) 2021 $ 3,797 $ 5,494 2022 6,756 5,604 2023 6,393 5,716 2024 6,309 5,830 2025 6,297 5,946 Thereafter 496 1,567,826 Total undiscounted cash flows 30,048 1,596,416 Present value discount (1) (3,771) (1,445,896) Other adjustments (2) 23,795 — Lease liabilities $ 50,072 $ 150,520 _______________________________________________________________________________ (1) During the years ended December 31, 2020 and 2019, the Company made payments of $4.3 million and $4.1 million, respectively, related to its operating leases and $5.4 million and $3.3 million, respectively, related to its finance leases (refer to Note 4). As of December 31, 2020, the weighted average lease term for the Company's operating leases, excluding operating leases for which the Company's tenants pay rent on its behalf, was 5.6 years and the weighted average discount rate was 5.0%. As of December 31, 2020, the weighted average lease term for the Company's finance leases was 97 years and the weighted average discount rate was 5.5%. (2) The Company is obligated to pay ground rent under certain operating leases; however, the Company's tenants at the properties pay this expense directly under the terms of various subleases and these amounts are excluded from lease obligations. The amount shown above is the net present value of the payments to be made by the Company's tenants on its behalf. Future minimum lease obligations under operating and finance leases as of December 31, 2019 were as follows ($ 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) As of December 31, 2019, 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%. As of December 31, 2019, 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.

Risk Management and Derivativ_2

Risk Management and Derivatives (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 and 2019 ($ in thousands) (1) : Derivative Assets Derivative Liabilities As of December 31, 2020 Balance Sheet Fair Balance Sheet Fair Derivatives Designated in Hedging Relationships Interest rate swaps Deferred expenses and other assets, net $ — Accounts payable, accrued expenses and other liabilities $ 18,926 Total $ — $ 18,926 As of December 31, 2019 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 ____________________________________________________________________________
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) 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, 2020 Interest rate swaps (1) Interest expense $ (14,931) $ (6,974) Interest rate swaps Earnings from equity method investments (13,359) (1,101) 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 (1) Interest expense (12,963) (388) Interest rate swaps Earnings from equity method investments (1,736) 20 ______________________________________________________________ (1) For the years ended December 31, 2020, 2019 and 2018, $4.4 million, $4.3 million, and $1.9 million, respectively, of the loss recognized in accumulated other comprehensive income was attributable to a noncontrolling interest.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Schedule of cumulative redeemable and convertible perpetual preferred stock outstanding	The Company had the following series of Cumulative Redeemable Preferred Stock outstanding as of December 31, 2020 and 2019: Cumulative Preferential Cash Dividends (1)(2) Carrying Value Series Shares Issued and Par Value Liquidation Preference (3) Rate per Annum Annual December 31, 2020 December 31, 2019 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 Total 12,200 $ 282,490 $ 282,490 _______________________________________________________________________________ (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, 2020 and 2019, respectively. The Company declared and paid dividends of $9.0 million on its Series J Convertible Perpetual Preferred Stock during the year ended December 31, 2019. The character of the 2020 dividends was 100% return of capital. The character of the 2019 dividends was 100% capital gain distribution, of which 34.01% represented unrecaptured section 1250 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 $25.00 per share, plus accrued and unpaid dividends, if any, to the redemption date.
Accumulated other comprehensive income (loss) reflected in the Company's shareholders' equity	"Accumulated other comprehensive income (loss)" reflected in the Company's shareholders' equity is comprised of the following ($ in thousands): As of December 31, 2020 2019 Unrealized gains on available-for-sale securities $ 4,594 $ 2,756 Unrealized losses on cash flow hedges (53,075) (37,264) Unrealized losses on cumulative translation adjustment (4,199) (4,199) Accumulated other comprehensive loss $ (52,680) $ (38,707)

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans and Employee Benefits (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020. iPIP Investment Pool 2013-2014 2015-2016 2017-2018 Points at beginning of period 81.17 73.28 77.27 Forfeited (1.00) (2.88) (3.93) Points at end of period 80.17 70.40 73.34
Schedule of changes in non-vested restricted stock units	Changes in non-vested restricted stock units ("Units") during the year ended December 31, 2020 were as follows (number of shares and $ in thousands, except per share amounts): Number Weighted Average Aggregate Non-vested as of December 31, 2019 598 $ 9.18 $ 8,688 Granted 181 $ 14.68 Vested (248) $ 9.62 Non-vested as of December 31, 2020 531 $ 10.85 $ 7,885

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
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 operations used in the basic and diluted EPS calculations ($ in thousands, except for per share data): For the Years Ended December 31, 2020 2019 2018 Net income (loss) $ (30,853) $ 334,325 $ (18,326) Net income attributable to noncontrolling interests (11,588) (10,283) (13,936) Preferred dividends (23,496) (32,495) (32,495) Net income (loss) allocable to common shareholders for basic earnings per common share $ (65,937) $ 291,547 $ (64,757) Add: Effect of Series J convertible perpetual preferred stock — 9,000 — Net income (loss) allocable to common shareholders for diluted earnings per common share $ (65,937) $ 300,547 $ (64,757)
Schedule of earnings per share allocable to common shares and HPU shares	For the Years Ended December 31, 2020 2019 2018 Earnings allocable to common shares: Numerator for basic earnings per share: Net income (loss) allocable to common shareholders $ (65,937) $ 291,547 $ (64,757) Numerator for diluted earnings per share: Net income (loss) allocable to common shareholders $ (65,937) $ 300,547 $ (64,757) Denominator for basic and diluted earnings per share: Weighted average common shares outstanding for basic earnings per common share 75,684 64,696 67,958 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 75,684 80,666 67,958 Basic earnings per common share: Net income (loss) allocable to common shareholders $ (0.87) $ 4.51 $ (0.95) Diluted earnings per common share: (1) Net income (loss) allocable to common shareholders $ (0.87) $ 3.73 $ (0.95) _______________________________________________________________________________ (1) For the years ended December 31, 2020 and 2018, the effect of certain of the Company's restricted stock awards were anti-dilutive due to the Company having a net loss for the period. For the year ended December 31, 2018, 15,704 shares of Series J convertible perpetual preferred stock (refer to Note 14) were anti-dilutive. 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, 2020, 2019, and 2018, 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, 2020
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 Significant other Significant As of December 31, 2020 Recurring basis: Derivative liabilities (1) 18,926 — 18,926 — Available-for-sale securities (1) 25,274 — — 25,274 Non-recurring basis: Impaired land and development (2) 6,078 — — 6,078 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 (3) 40,000 — — 40,000 _______________________________________________________________________________ (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 a $1.3 million impairment on a land and development asset with an estimated fair value of $6.1 million. The fair value is based on future cash flows expected to be received. (3) The Company recorded aggregate impairments of $5.3 million on two land and development assets with an estimated aggregate fair value of $40.0 million. The estimated fair values are based on expected sales proceeds.
Summary of changes in Level 3 available-for-sale securities reported at fair value	The following table summarizes changes in Level 3 available-for-sale securities reported at fair value on the Company's consolidated balance sheets for the years ended December 31, 2020 and 2019 ($ in thousands): 2020 2019 Beginning balance $ 23,896 $ 21,661 Repayments (460) (45) Unrealized gains recorded in other comprehensive income 1,838 2,280 Ending balance $ 25,274 $ 23,896
Schedule of Carrying Value and Fair Value of Financial Instruments	The following table presents the carrying value and fair value for the Company's financial instruments ($ in millions): As of December 31, 2020 As of December 31, 2019 Carrying Fair Carrying Fair Net investment in leases (1) $ 429 $ 431 $ 419 $ 419 Loans receivable and other lending investments (1) 732 772 828 864 Cash and cash equivalents (2) 99 99 307 307 Restricted cash (2) 52 52 45 45 Loan participations payable, net (1) 43 43 36 36 Debt obligations, net (1) 3,287 3,414 3,387 3,531 _______________________________________________________________________________ (1) The fair value of the Company's net investment in leases, loans receivable and other lending investments, net, loan participations payable, net and debt obligations, net are classified as Level 3 within the fair value hierarchy. (2) The Company determined the carrying values of its cash and cash equivalents and restricted cash approximated their fair values. Restricted cash is recorded in "Deferred expenses and other assets, net" on the Company's balance sheet. The fair value of the Company's cash and cash equivalents and restricted cash are classified as Level 1 within the fair value hierarchy.

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2020
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): Net Real Estate Operating Land and Corporate/ Other (1) Company Year Ended December 31, 2020 Operating lease income $ 167,152 $ — $ 21,214 $ 356 $ — $ 188,722 Interest income 3,440 56,676 — — — 60,116 Interest income from sales-type leases 33,552 — — — — 33,552 Other income 18,116 11,975 8,065 19,030 26,671 83,857 Land development revenue — — — 164,702 — 164,702 Earnings (losses) from equity method investments 56,130 — (16,361) 3,432 (1,075) 42,126 Income from sales of real estate 6,056 — 262 — — 6,318 Total revenue and other earnings 284,446 68,651 13,180 187,520 25,596 579,393 Real estate expense (26,571) — (22,936) (22,986) — (72,493) Land development cost of sales — — — (177,727) — (177,727) Other expense — (266) — — (303) (569) Allocated interest expense (101,208) (23,390) (8,951) (17,940) (18,085) (169,574) Allocated general and administrative (2) (23,223) (6,622) (2,591) (9,990) (19,099) (61,525) Segment profit (loss) (3) $ 133,444 $ 38,373 $ (21,298) $ (41,123) $ (11,891) $ 97,505 Other significant items: Provision for loan losses $ 186 $ 8,866 $ — $ — $ — $ 9,052 Provision for losses on net investment in leases 1,760 — — — — 1,760 Impairment of assets 2,037 — 3,052 2,738 — 7,827 Depreciation and amortization 50,767 — 5,142 952 1,231 58,092 Capitalized expenditures 21,764 — 1,636 30,506 — 53,906 Year Ended December 31, 2019 Operating lease income $ 177,679 $ — $ 28,423 $ 286 $ — $ 206,388 Interest income 2,018 75,636 — — — 77,654 Interest income from sales-type leases 20,496 — — — — 20,496 Other income 16,718 4,946 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 651,216 80,582 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 (95,154) (29,587) (10,249) (20,706) (28,223) (183,919) Allocated general and administrative (2) (25,990) (8,254) (2,887) (11,957) (19,085) (68,173) Segment profit (loss) (3) 505,286 $ 42,279 $ 17,616 $ (42,603) $ (51,495) $ 471,083 Other significant non-cash 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 Net Real Estate Operating Land and Corporate/ Other (1) Company Year Ended December 31, 2018 Operating lease income $ 151,958 $ — $ 55,677 $ 557 $ — $ 208,192 Interest income — 97,878 — — — 97,878 Other income 4,286 4,556 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 277,638 102,434 190,001 414,477 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 (63,706) (40,653) (18,618) (21,897) (38,877) (183,751) Allocated general and administrative (2) (20,713) (12,997) (6,574) (14,313) (19,975) (74,572) Segment profit (loss) (3) $ 176,186 $ 47,206 $ 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 Net Real Estate Operating Land and Corporate/ Other (1) Company As of December 31, 2020 Real estate Real estate, net $ 1,291,903 $ — $ 192,378 $ — $ — $ 1,484,281 Real estate available and held for sale — — 5,212 — — 5,212 Total real estate 1,291,903 — 197,590 — — 1,489,493 Net investment in leases 429,101 — — — — 429,101 Land and development, net — — — 430,663 — 430,663 Loans receivable and other lending investments, net 45,398 686,932 — — — 732,330 Other investments 1,016,710 — 58,739 31,200 69,911 1,176,560 Total portfolio assets $ 2,783,112 $ 686,932 $ 256,329 $ 461,863 $ 69,911 4,258,147 Cash and other assets 603,661 Total assets $ 4,861,808 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 44,339 783,522 — — — 827,861 Other investments 760,068 — 61,686 42,866 43,255 907,875 Total portfolio assets $ 2,550,404 $ 783,522 $ 270,473 $ 623,411 $ 43,255 4,271,065 Cash and other assets 814,044 Total assets $ 5,085,109 _______________________________________________________________________________ (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 $39.4 million, $30.4 million and $17.6 million for the years ended December 31, 2020, 2019 and 2018, respectively. (3) The following is a reconciliation of segment profit to net income (loss) ($ in thousands): For the Years Ended December 31, 2020 2019 2018 Segment profit $ 97,505 $ 471,083 $ 233,163 Less: Provision for loan losses (9,052) (6,482) (16,937) Less: Provision for losses on net investment in leases (1,760) — — Less: Impairment of assets (7,827) (13,419) (147,108) Less: Depreciation and amortization (58,092) (58,259) (58,699) Less: Stock-based compensation expense (39,354) (30,436) (17,563) Less: Income tax expense (235) (438) (815) Less: Loss on early extinguishment of debt, net (12,038) (27,724) (10,367) Net income (loss) $ (30,853) $ 334,325 $ (18,326)
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, 2020 2019 2018 Segment profit $ 97,505 $ 471,083 $ 233,163 Less: Provision for loan losses (9,052) (6,482) (16,937) Less: Provision for losses on net investment in leases (1,760) — — Less: Impairment of assets (7,827) (13,419) (147,108) Less: Depreciation and amortization (58,092) (58,259) (58,699) Less: Stock-based compensation expense (39,354) (30,436) (17,563) Less: Income tax expense (235) (438) (815) Less: Loss on early extinguishment of debt, net (12,038) (27,724) (10,367) Net income (loss) $ (30,853) $ 334,325 $ (18,326)

Business and Organization (Deta

Business and Organization (Details) $ in Billions	Dec. 31, 2020USD ($)
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, 2020	Dec. 31, 2019
Real estate
Real estate, at cost	[1]	$ 1,752,053	$ 1,761,079
Less: accumulated depreciation	[1]	(267,772)	(233,860)
Real estate, net	[1]	1,484,281	1,527,219
Land and development, net	[1]	430,663	580,545
Other investments	[1]	1,176,560	907,875
Cash and cash equivalents	[1]	98,633	307,172
Accrued interest and operating lease income receivable, net	[1]	10,061	10,162
Deferred operating lease income receivable, net	[1]	58,128	54,222
Deferred expenses and other assets, net	[1]	436,839	442,488
Total assets	[1]	4,861,808	5,085,109
LIABILITIES
Accounts payable, accrued expenses and other liabilities	[1]	467,922	424,374
Debt obligations, net	[1]	3,286,975	3,387,080
Total liabilities	[1]	3,797,425	3,847,149
Variable Interest Entity, Primary Beneficiary
Real estate
Real estate, at cost		899,110	891,000
Less: accumulated depreciation		(61,917)	(37,542)
Real estate, net		837,193	853,458
Land and development, net		240,137	273,617
Other investments		35	45
Cash and cash equivalents		22,571	19,112
Accrued interest and operating lease income receivable, net		1,472	1,208
Deferred operating lease income receivable, net		29,428	19,547
Deferred expenses and other assets, net		122,591	134,117
Total assets		1,253,427	1,301,104
LIABILITIES
Accounts payable, accrued expenses and other liabilities		115,581	107,455
Debt obligations, net		488,719	482,918
Total liabilities		604,300	$ 590,373
Unconsolidated VIEs
LIABILITIES
Carrying value of investments		139,000
Variable interest entity unfunded commitment		$ 12,800
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Adoption of New Accounting Standards) (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for loan losses		$ 9,052	$ 6,482	$ 16,937
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for loan losses	$ 3,300
Provision for losses on net investment in leases	$ 9,100

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Real Estate and Land Development) (Details)	12 Months Ended
	Dec. 31, 2020
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 (Allowance for Loan Losses and Net Investment in Leases (Details) $ in Millions	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)
Accounting Policies [Abstract]
Accrued interest | $	$ 5	$ 4.2
Number of impaired loans used as collateral | loan	1

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Income Taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Entity Information [Line Items]
Assets with foreclosure elections	$ 31,500
Operating loss carryforwards		$ 460,600
Total income tax (expense) benefit	(235)	(438)	$ (815)
Refund received				$ 3,000
Taxable REIT Subsidiaries
Entity Information [Line Items]
Operating loss carryforwards	38,400	32,500
Assets owned taxable subsidiaries	562,300
Current tax benefit (expense)	(106)	(35)	(447)
Total income tax (expense) benefit	(106)	(35)	(447)
Taxable loss	28,700
Operating loss carryforwards		123,400
Operating loss carryforwards subject to expiration		73,600
Deferred tax assets	80,101	79,645
Valuation allowance	(80,101)	(79,645)
Net deferred tax assets (liabilities)	0	0
Real estate asset basis differences	26,700	32,900
Deferred expenses and other items	12,700	11,900
Other credits	2,300	2,300
REIT
Entity Information [Line Items]
Current tax benefit (expense)	(100)	(400)	(500)
Income taxes paid	$ 800	$ 400	$ 2,000

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (New Accounting Pronouncements) (Details) - USD ($) $ in Thousands		Jan. 01, 2021	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt obligations, net	[1]		$ 3,286,975	$ 3,387,080
Total iStar Inc. shareholders' equity	[1]		$ 870,969	$ 1,040,422
Forecast | Accounting Standards Update 2020-06
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt obligations, net		$ 10,000
Total iStar Inc. shareholders' equity		$ (10,000)
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Real Estate (Schedule of Real E

Real Estate (Schedule of Real Estate Assets) (Details) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Real Estate Properties [Line Items]
Less: accumulated depreciation	[1]	$ (267,772)	$ (233,860)
Real estate, net	[1]	1,484,281	1,527,219
Real estate available and held for sale	[1]	5,212	8,650
Total real estate	[1]	1,489,493	1,535,869
Net Lease
Real Estate Properties [Line Items]
Land, at cost		188,418	199,710
Buildings and improvements, at cost		1,353,683	1,347,321
Less: accumulated depreciation		(250,198)	(219,949)
Real estate, net		1,291,903	1,327,082
Real estate available and held for sale		0	0
Total real estate		1,291,903	1,327,082
Net Lease | iStar Net Lease I LLC
Real Estate Properties [Line Items]
Real estate, net		755,500	768,600
Operating Properties
Real Estate Properties [Line Items]
Land, at cost		103,530	106,187
Buildings and improvements, at cost		106,422	107,861
Less: accumulated depreciation		(17,574)	(13,911)
Real estate, net		192,378	200,137
Real estate available and held for sale		5,212	8,650
Total real estate		197,590	208,787
Real Estate Properties
Real Estate Properties [Line Items]
Land, at cost		291,948	305,897
Buildings and improvements, at cost		1,460,105	1,455,182
Less: accumulated depreciation		(267,772)	(233,860)
Real estate, net		1,484,281	1,527,219
Real estate available and held for sale		5,212	8,650
Total real estate		1,489,493	1,535,869
Residential Operating Properties
Real Estate Properties [Line Items]
Real estate available and held for sale		$ 5,200	$ 8,700
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Real Estate - Net Lease Venture

Real Estate - Net Lease Venture (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Gain on consolidation of equity method investment	$ 67,900	$ 0	$ 0	$ 67,877
Equity method investment, partner ownership percentage		47.50%
Net Lease | iStar Net Lease I LLC
Schedule of Equity Method Investments [Line Items]
Equity interest		51.90%
Equity method investment, related party ownership percentage		0.60%
Equity method investment, related party promote fee percentage		50.00%

Real Estate (Real Estate Availa

Real Estate (Real Estate Available and Held for Sale) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Real Estate Properties [Line Items]
Property transferred to held for sale, aggregate, carrying value	$ 8.9	$ 200.4	$ 31.3
Operating Properties
Real Estate Properties [Line Items]
Property transferred to held for sale, aggregate, carrying value	0	14.5	23.2
Net Lease
Real Estate Properties [Line Items]
Property transferred to held for sale, aggregate, carrying value	$ 8.9	$ 185.9	$ 8.1

Real Estate (Acquisitions) (Det

Real Estate (Acquisitions) (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Jun. 30, 2020	May 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)lease_asset
Real Estate Properties [Line Items]
Acquisitions of real estate assets		$ 56,700	$ 0	$ 240,487	$ 19,454
Net lease assets | lease_asset					2
Safehold Inc.
Real Estate Properties [Line Items]
Ground lease term	99 years			98 years
Net Lease Asset
Real Estate Properties [Line Items]
Acquisitions of real estate assets				$ 11,500	$ 14,800
Net Lease Asset Two
Real Estate Properties [Line Items]
Acquisitions of real estate assets				$ 110,600
Ground lease term				99 years
Lease Hold Interest
Real Estate Properties [Line Items]
Acquisitions of real estate assets				$ 98,200

Real Estate (Dispositions) (Det

Real Estate (Dispositions) (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)net_lease_assetproperty
Other Dispositions by Property Type
Proceeds			$ 48,415	$ 329,971	$ 411,786
Income from sales of real estate		$ 24,500	6,318	236,623	126,004
Impairment of assets			7,827	13,419	147,108
Total
Other Dispositions by Property Type
Proceeds			48,300	555,500	407,600
Income from sales of real estate			6,300	236,600	126,000
Operating Properties
Other Dispositions by Property Type
Proceeds			5,900	86,100	327,900
Income from sales of real estate			200	11,900	$ 81,000
Aggregate carrying value of property sold				73,100
Number of properties sold | property					10
Operating Properties | Income from sales of real estate
Other Dispositions by Property Type
Income from sales of real estate				11,900	$ 81,000
Net Lease
Other Dispositions by Property Type
Proceeds			42,400	469,400	79,700
Income from sales of real estate			6,100	224,700	$ 45,000
Aggregate carrying value of property sold				220,400
Number of properties sold | net_lease_asset					5
Non-recourse debt assumed by buyer	$ 228,000			228,000
Net Lease | Income from sales of real estate
Other Dispositions by Property Type
Income from sales of real estate				$ 219,700	$ 45,000
Net Lease Asset
Other Dispositions by Property Type
Proceeds			7,500
Impairment of assets			$ 1,700
Operating Properties, Noncontrolling Interest
Other Dispositions by Property Type
Income from sales of real estate					$ 9,800

Real Estate (Impairments) (Deta

Real Estate (Impairments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Real Estate Properties [Line Items]
Impairment of real estate	$ 4.8	$ 5.4	$ 90.4
Impairment of long-lived assets to be disposed of	3.1
Net Lease Asset
Real Estate Properties [Line Items]
Impairment of long-lived assets to be disposed of	$ 1.7

Real Estate (Tenant Reimburseme

Real Estate (Tenant Reimbursements) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Real Estate [Abstract]
Tenant reimbursements	$ 23.4	$ 21.2	$ 22.4

Real Estate (Allowance for Doub

Real Estate (Allowance for Doubtful Accounts) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Real Estate Tenant Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts receivable	$ 1.7	$ 1
Deferred Operating Lease
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts receivable		$ 1

Real Estate (Future Minimum Ope

Real Estate (Future Minimum Operating Lease Payments (Details) $ in Thousands	Dec. 31, 2020USD ($)
Net Lease
Future Minimum Operating Lease Payments Receivable
2021	$ 131,625
2022	129,891
2023	121,586
2024	115,900
2025	119,357
Thereafter	1,238,073
Operating Properties
Future Minimum Operating Lease Payments Receivable
2021	15,948
2022	7,784
2023	7,469
2024	7,462
2025	6,809
Thereafter	$ 9,712

Net Investment in Leases (Narra

Net Investment in Leases (Narrative) (Details) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	May 31, 2019USD ($)property	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)		Dec. 31, 2019USD ($)		Dec. 31, 2018USD ($)
Repurchase Agreement Counterparty [Line Items]
Payments to acquire real estate assets	$ 56,700			$ 0		$ 240,487		$ 19,454
Number of properties acquired from lessee | property	7
Purchase price for properties acquired from lessee	$ 44,100
Extension of existing master net leases	15 years
Net proceeds from sale of lessee's facilities			$ 10,000
Net investment in leases	$ 424,100			429,101	[1]	418,915	[1]
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				0		180,416		$ 0
Interest income from sales-type leases				10,800		17,000
Noncash interest income from sales-type leases				$ 22,800		3,500
Impairment of real estate						$ 900
Bowling Entertainment Venue Operator
Repurchase Agreement Counterparty [Line Items]
Number of properties acquired from lessee | property	9
Bowling Entertainment Venue Operator | Bowling Center Commitment
Repurchase Agreement Counterparty [Line Items]
Commitment to invest additional bowling centers	$ 55,000	$ 55,000
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Net Investment in Leases - Net

Net Investment in Leases - Net Investment in Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2020		Dec. 31, 2019		May 31, 2019
Leases [Abstract]
Total undiscounted cash flows	$ 1,020,921		$ 1,042,019
Unguaranteed estimated residual value	345,284		340,620
Present value discount	(926,233)		(963,724)
Allowance for losses on net investment in leases	(10,871)		0
Net investment in leases	$ 429,101	[1]	$ 418,915	[1]	$ 424,100
Risk rating	200.00%
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Net Investment in Leases (Futur

Net Investment in Leases (Future Minimum Lease Payments to be Collected Under Sales-Type Leases) (Details) $ in Thousands	Dec. 31, 2020USD ($)
Leases [Abstract]
2021	$ 14,248
2022	30,481
2023	41,854
2024	41,584
2025	30,481
Thereafter	862,273
Total undiscounted cash flows	$ 1,020,921

Net Investment in Leases - Allo

Net Investment in Leases - Allowance for Losses on Net Investment in Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2020
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss [Roll Forward]
Allowance for losses on net investment in leases at beginning of period	$ 0
Initial allowance recorded upon adoption of new accounting standard	10,871	$ 0
Provision for losses on net investment in leases	1,760	0	$ 0
Allowance for losses on net investment in leases at end of period	10,871	0
ASU 2016-13
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss [Roll Forward]
Initial allowance recorded upon adoption of new accounting standard				$ 9,100
Cumulative Effect, Period of Adoption, Adjustment
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss [Roll Forward]
Allowance for losses on net investment in leases at beginning of period	9,111
Initial allowance recorded upon adoption of new accounting standard	$ 9,111	9,111
Allowance for losses on net investment in leases at end of period		$ 9,111

Land and Development (Schedule

Land and Development (Schedule of Land and Development Assets) (Details) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Real Estate Properties [Line Items]
Total land and development, net	[1]	$ 430,663	$ 580,545
Land
Real Estate Properties [Line Items]
Land and land development, at cost		441,201	590,153
Less: accumulated depreciation		(10,538)	(9,608)
Total land and development, net		$ 430,663	$ 580,545
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Land and Development (Acquisiti

Land and Development (Acquisitions, Dispositions, Impairments) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)land_asset	Dec. 31, 2019USD ($)land_asset	Dec. 31, 2018USD ($)aland_assetparcel
Real Estate Properties [Line Items]
Increase in net lease assets upon consolidation of equity method investment	$ 0	$ 0	$ 844,550
Revenue	530,949	479,496	$ 798,122
Number of land parcels sold | parcel			2
Area of land parcels sold (in acres) | a			93
Impairment of assets	7,827	13,419	$ 147,108
Impairment of land and development assets, expected sales proceeds		$ 5,300
Number of land and development assets impaired | land_asset		2	5
Impairment of land and development assets			$ 56,700
Land
Real Estate Properties [Line Items]
Aggregate financing provided to buyers			145,000
Proceeds of notes receivable	58,200	$ 94,200
Land development
Real Estate Properties [Line Items]
Revenue	164,702	119,595	409,710
Cost of sales expense	177,727	109,663	350,181
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
Land and development asset
Real Estate Properties [Line Items]
Impairment of assets	$ 2,700	1,100
Number of land and development assets impaired | land_asset	2
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
Other Real Estate Equity Investment Dec 2016
Real Estate Properties [Line Items]
Equity interest		50.00%

Loans Receivable and Other Le_3

Loans Receivable and Other Lending Investments, net (Schedule of Loans Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other lending investments	$ 162,538	$ 153,216
Total gross carrying value of loans receivable and other lending investments	745,500	856,495
Allowance for loan losses	(13,170)	(28,634)
Total loans receivable and other lending investments, net	732,330	827,861
Financing receivables (refer to Note 5)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other lending investments	46,549	44,339
Held-to-maturity debt securities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other lending investments	90,715	84,981
Available-for-sale debt securities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other lending investments	25,274	23,896
Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	582,962	703,280
Construction loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	514,833	614,386
Allowance for loan losses	(6,541)	(6,668)
Construction loans | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	514,833	614,386
Construction loans | Commercial Portfolio Segment | Senior mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	449,733	518,992
Construction loans | Commercial Portfolio Segment | Corporate/Partnership loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	65,100	95,394
Completed construction | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	$ 241,800
Percentage of construction loans	47.00%
Substantially completed construction | Commercial Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	$ 24,600
Percentage of construction loans	5.00%
Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	$ 68,129	88,893
Allowance for loan losses	(1,643)	(265)
Loans | Commercial Portfolio Segment | Senior mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	35,922	53,592
Loans | Commercial Portfolio Segment | Corporate/Partnership loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	20,567	24,424
Loans | Commercial Portfolio Segment | Subordinate mortgages
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal - gross carrying value of loans	$ 11,640	$ 10,877

Loans Receivable and Other Le_4

Loans Receivable and Other Lending Investments, net (Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2020	Jan. 01, 2020
Financing Receivables
Allowance for loan losses at beginning of period	$ 28,634	$ 28,634
Adoption of new accounting standard	28,634	28,634	$ 28,634		$ 13,170
Provision for loan losses		9,052	6,482	$ 16,937
Allowance for loan losses at end of period		13,170	28,634
Held to Maturity Debt Securities
Allowance for loan losses at beginning of period	0	0
Adoption of new accounting standard	0	3,093	0		3,093
Provision for loan losses		3,073
Charge offs		0
Allowance for loan losses at end of period		3,093	0
Total
Allowance for loan losses at beginning of period	28,634	28,634
Allowance For Credit Loss	28,634	13,170	28,634		13,170
Provision for loan losses		9,696
Charge offs		(25,889)
Allowance for loan losses at end of period		13,170	28,634
Increase to reserves for loan losses					1,000
Provision		9,100
Nonperforming Financial Instruments
Financing Receivables
Charge offs			(19,200)
Total
Charge offs			19,200
Nonperforming Financial Instrument With Deteriorated Collateral
Total
Financing receivable, allowance for credit loss, writeoff, deterioration of collateral			12,000
Accounts Payable, Accrued Expenses, and Other Liabilities
Total
Increase to reserves for loan losses						$ 2,500
Recoveries for unfunded commitments		1,500
Accrued Interest And Operating Lease Income Receivable, Net
Financing Receivables
Provision for loan losses		900
ASU 2016-13
Total
Increase to reserves for loan losses						3,300
Cumulative Effect, Period of Adoption, Adjustment
Financing Receivables
Provision for loan losses	3,300
Held to Maturity Debt Securities
Adoption of new accounting standard	20					20
Allowance for loan losses at end of period	20
Total
Allowance For Credit Loss	729					729
Allowance for loan losses at end of period	729
Construction Loans
Financing Receivables
Allowance for loan losses at beginning of period	6,668	6,668
Adoption of new accounting standard	6,668	6,541	6,668		6,541
Provision for loan losses		226
Charge offs		0
Allowance for loan losses at end of period		6,541	6,668
Total
Charge offs		0
Construction Loans | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivables
Adoption of new accounting standard	(353)					(353)
Allowance for loan losses at end of period	(353)
Loans
Financing Receivables
Allowance for loan losses at beginning of period	265	265
Adoption of new accounting standard	265	1,643	265		1,643
Provision for loan losses		1,280
Charge offs		0
Allowance for loan losses at end of period		1,643	265
Total
Charge offs		0
Loans | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivables
Adoption of new accounting standard	98					98
Allowance for loan losses at end of period	98
Financing Receivables
Financing Receivables
Allowance for loan losses at beginning of period	0	0
Adoption of new accounting standard	0	1,150	0		1,150
Provision for loan losses		186
Charge offs		0
Allowance for loan losses at end of period		1,150	0
Total
Charge offs		0
Financing Receivables | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivables
Adoption of new accounting standard	964					964
Allowance for loan losses at end of period	964
Specific Allowance
Financing Receivables
Allowance for loan losses at beginning of period	21,701	21,701
Adoption of new accounting standard	21,701	743	21,701		$ 743
Provision for loan losses		4,931
Charge offs		(25,889)
Allowance for loan losses at end of period		743	$ 21,701
Total
Charge offs		$ 25,889
Specific Allowance | Cumulative Effect, Period of Adoption, Adjustment
Financing Receivables
Adoption of new accounting standard	0					$ 0
Allowance for loan losses at end of period	$ 0

Loans Receivable and Other Le_5

Loans Receivable and Other Lending Investments, net (Investment in Loans and Associated Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Other Lending Investments
Total	$ 162,538	$ 153,216
Less: Allowance for loan losses
Individually evaluated for impairment	(743)	(21,701)
Collectively evaluated for impairment	(12,427)	(6,933)
Total	(13,170)	(28,634)
Individually evaluated for impairment	52,562	16,119
Collectively evaluated for impairment	679,768	811,742
Total loans receivable and other lending investments, net	732,330	827,861
Individually Evaluated for Impairment
Less: Allowance for loan losses
Net discounts	800	100
Collectively Evaluated for Impairment
Less: Allowance for loan losses
Net discounts	2,300	700
Held-to-maturity debt securities
Other Lending Investments
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	90,715	84,981
Total	90,715	84,981
Available-for-sale debt securities
Other Lending Investments
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	25,274	23,896
Total	25,274	23,896
Construction loans
Loans
Individually evaluated for impairment	53,305	0
Collectively evaluated for impairment	461,528	614,386
Total	514,833	614,386
Less: Allowance for loan losses
Total	(6,541)	(6,668)
Loans
Loans
Individually evaluated for impairment	0	37,820
Collectively evaluated for impairment	68,129	51,073
Total	68,129	88,893
Less: Allowance for loan losses
Total	(1,643)	(265)
Financing receivables
Loans
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	46,549	44,339
Total	46,549	44,339
Less: Allowance for loan losses
Total	$ (1,150)	$ 0

Loans Receivable and Other Le_6

Loans Receivable and Other Lending Investments, net (Credit Characteristics for Performing Loans) (Details) $ in Thousands	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Number of non-accrual loans | loan	1	1
Commercial Portfolio Segment
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Total	$ 582,962	$ 703,280
Commercial Portfolio Segment | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	20,115
2019	46,549
2018	262,946
2017	145,585
2016	85,447
Prior to 2016	15,565
Total	576,207
Commercial Portfolio Segment | Senior mortgages
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
Loan on non-accrual status	53,300
Commercial Portfolio Segment | Senior mortgages | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	20,115
2019	0
2018	220,224
2017	145,585
2016	42,502
Prior to 2016	3,925
Total	432,351
Commercial Portfolio Segment | Senior mortgages | Risk Rating 1.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Senior mortgages | Risk Rating 1.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Senior mortgages | Risk Rating 2.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Senior mortgages | Risk Rating 2.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	58,070
2017	0
2016	0
Prior to 2016	0
Total	58,070
Commercial Portfolio Segment | Senior mortgages | Risk Rating 3.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	20,115
2019	0
2018	109,121
2017	145,585
2016	42,502
Prior to 2016	3,925
Total	321,248
Commercial Portfolio Segment | Senior mortgages | Risk Rating 3.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Senior mortgages | Risk Rating 4.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	53,033
2017	0
2016	0
Prior to 2016	0
Total	53,033
Commercial Portfolio Segment | Senior mortgages | Risk Rating 4.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Senior mortgages | Risk Rating 5.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Corporate/Partnership loans | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	42,722
2017	0
2016	42,945
Prior to 2016	0
Total	85,667
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 1.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 1.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 2.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 2.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 3.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	22,155
2017	0
2016	0
Prior to 2016	0
Total	22,155
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 3.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 4.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	20,567
2017	0
2016	42,945
Prior to 2016	0
Total	63,512
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 4.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Corporate/Partnership loans | Risk Rating 5.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Subordinate mortgages | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	11,640
Total	11,640
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 1.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 1.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 2.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 2.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 3.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	11,640
Total	11,640
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 3.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 4.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 4.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Subordinate mortgages | Risk Rating 5.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Financing Receivables | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	46,549
2018	0
2017	0
2016	0
Prior to 2016	0
Total	46,549
Commercial Portfolio Segment | Financing Receivables | Risk Rating 1.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Financing Receivables | Risk Rating 1.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Financing Receivables | Risk Rating 2.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	46,549
2018	0
2017	0
2016	0
Prior to 2016	0
Total	46,549
Commercial Portfolio Segment | Financing Receivables | Risk Rating 2.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Financing Receivables | Risk Rating 3.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Financing Receivables | Risk Rating 3.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Financing Receivables | Risk Rating 4.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Financing Receivables | Risk Rating 4.5 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	0
Commercial Portfolio Segment | Financing Receivables | Risk Rating 5.0 | Performing Financial Instruments
Recorded Investments in loans, presented by class and by credit quality, as indicated by risk rating
2020	0
2019	0
2018	0
2017	0
2016	0
Prior to 2016	0
Total	$ 0

Loans Receivable and Other Le_7

Loans Receivable and Other Lending Investments, net (Credit Characteristics by Payment Status) (Details) - Commercial Portfolio Segment - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Recorded investment in loans, aged by payment status and presented by class
Current	$ 497,515	$ 665,460
Total Past Due	85,447	37,820
Total	582,962	703,280
Less Than and Equal to 90 Days
Recorded investment in loans, aged by payment status and presented by class
Total Past Due	85,447	0
Greater than 90 Days
Recorded investment in loans, aged by payment status and presented by class
Total Past Due	0	37,820
Senior mortgages
Recorded investment in loans, aged by payment status and presented by class
Current	443,154	534,765
Total Past Due	42,501	37,820
Total	485,655	572,585
Senior mortgages | Less Than and Equal to 90 Days
Recorded investment in loans, aged by payment status and presented by class
Total Past Due	42,501	0
Senior mortgages | Greater than 90 Days
Recorded investment in loans, aged by payment status and presented by class
Total Past Due	0	37,820
Corporate/Partnership loans
Recorded investment in loans, aged by payment status and presented by class
Current	42,721	119,818
Total Past Due	42,946	0
Total	85,667	119,818
Corporate/Partnership loans | Less Than and Equal to 90 Days
Recorded investment in loans, aged by payment status and presented by class
Total Past Due	42,946	0
Corporate/Partnership loans | Greater than 90 Days
Recorded investment in loans, aged by payment status and presented by class
Total Past Due	0	0
Subordinate mortgages
Recorded investment in loans, aged by payment status and presented by class
Current	11,640	10,877
Total Past Due	0	0
Total	11,640	10,877
Subordinate mortgages | Less Than and Equal to 90 Days
Recorded investment in loans, aged by payment status and presented by class
Total Past Due	0	0
Subordinate mortgages | Greater than 90 Days
Recorded investment in loans, aged by payment status and presented by class
Total Past Due	$ 0	$ 0

Loans Receivable and Other Le_8

Loans Receivable and Other Lending Investments, net (Impaired Loans) (Details)	3 Months Ended		12 Months Ended
	Dec. 31, 2020USD ($)loan	Jun. 30, 2018USD ($)	Dec. 31, 2020USD ($)loan	Dec. 31, 2019USD ($)loan	Dec. 31, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Preferred equity investment received, face value		$ 100,000,000
Preferred equity investment mandatory redemption period		5 years
Preferred equity investment received, recorded fair value		$ 77,000,000
Provision for loan losses			$ 9,052,000	$ 6,482,000	$ 16,937,000
Impaired Loans
Number of non-accrual loans | loan	1		1	1
Interest income on impaired loans			$ 0	$ 0	0
Commercial Portfolio Segment
Impaired Loans
Impaired loans with allowance recorded, recorded investment	$ 53,305,000		53,305,000	37,820,000
Impaired loans with allowance recorded, unpaid principal balance	52,552,000		52,552,000	37,923,000
Impaired loans with allowance recorded, related allowance	(743,000)		(743,000)	(21,701,000)
Impaired loans with no related allowance recorded, average recorded investment			0	0	0
Impaired loans with no related allowance recorded, interest income recognized			0	0	301,000
Impaired loans with allowance recorded, average recorded investment			50,205,000	38,556,000	106,210,000
Impaired loans with allowance recorded, interest income recognized			2,145,000	0	0
Impaired loans, average recorded investment, total			50,205,000	38,556,000	106,210,000
Impaired loans, interest income recognized, total			2,145,000	0	301,000
Commercial Portfolio Segment | Subordinate mortgages
Impaired Loans
Impaired loans with no related allowance recorded, average recorded investment			0	0	0
Impaired loans with no related allowance recorded, interest income recognized			0	0	301,000
Impaired loans, average recorded investment, total			0	0	0
Impaired loans, interest income recognized, total			0	0	301,000
Commercial Portfolio Segment | Senior mortgages
Impaired Loans
Impaired loans with allowance recorded, recorded investment	53,305,000		53,305,000	37,820,000
Impaired loans with allowance recorded, unpaid principal balance	52,552,000		52,552,000	37,923,000
Impaired loans with allowance recorded, related allowance	(743,000)		(743,000)	(21,701,000)
Impaired loans with allowance recorded, average recorded investment			50,205,000	38,556,000	67,041,000
Impaired loans with allowance recorded, interest income recognized			2,145,000	0	0
Impaired loans, average recorded investment, total			50,205,000	38,556,000	67,041,000
Impaired loans, interest income recognized, total			2,145,000	0	0
Commercial Portfolio Segment | Corporate/Partnership loans
Impaired Loans
Impaired loans with allowance recorded, average recorded investment			0	0	39,169,000
Impaired loans with allowance recorded, interest income recognized			0	0	0
Impaired loans, average recorded investment, total			0	0	39,169,000
Impaired loans, interest income recognized, total			0	$ 0	$ 0
Nonperforming Financial Instruments | Senior mortgages
Financing Receivable, Impaired [Line Items]
Gross carrying value of loan	15,200,000		$ 15,200,000
Proceeds from collection of loan receivable	11,000,000
Provision for loan losses	$ 4,200,000
Nonperforming Financial Instruments | Corporate/Partnership loans
Financing Receivable, Impaired [Line Items]
Gross carrying value of loan		145,800,000
Proceeds from collection of loan receivable		45,800,000
Provision for 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, 2020	Dec. 31, 2019
Available-for-Sale Securities
Amortized Cost Basis	$ 20,680
Estimated Fair Value	25,274
Held-to-Maturity Securities
Amortized Cost Basis	90,715
Estimated Fair Value	90,715
Total
Face Value	120,680	$ 121,140
Amortized Cost Basis	111,395	106,121
Net Unrealized Gain	4,594	2,756
Estimated Fair Value	115,989	108,877
Net Carrying Value	115,989	108,877
Municipal debt securities
Available-for-Sale Securities
Face Value	20,680	21,140
Amortized Cost Basis	20,680	21,140
Net Unrealized Gain	4,594	2,756
Estimated Fair Value	25,274	23,896
Net Carrying Value	25,274	23,896
Debt securities
Held-to-Maturity Securities
Face Value	100,000	100,000
Amortized Cost Basis	90,715	84,981
Net Unrealized Gain	0	0
Estimated Fair Value	90,715	84,981
Net Carrying Value	$ 90,715	$ 84,981

Loans Receivable and Other L_10

Loans Receivable and Other Lending Investments, net (Maturities of Company Securities) (Details) $ in Thousands	Dec. 31, 2020USD ($)
Held-to-Maturity Securities, Amortized Cost Basis
Within one year	$ 0
After one year through 5 years	90,715
After 5 years through 10 years	0
After 10 years	0
Total	90,715
Held-to-Maturity Securities, Estimated Fair Value
Within one year	0
After one year through 5 years	90,715
After 5 years through 10 years	0
After 10 years	0
Total	90,715
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	20,680
Total	20,680
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	25,274
Total	$ 25,274

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, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Other investments	[1]	$ 1,176,560	$ 907,875
Equity in earnings (losses)		42,126	41,849	$ (5,007)
Interest expense		169,574	183,919	183,751
Market-to-market gain (loss)		$ 23,900
Safehold Inc.
Schedule of Equity Method Investments [Line Items]
Number of investor units owned (in shares)		34.8
Investor units closing price (in dollars per share)		$ 72.49
Fair value		$ 2,500,000
Equity method investment realized gain		14,400	7,600
Other real estate equity investments
Schedule of Equity Method Investments [Line Items]
Equity method investment realized gain			19,300
Other strategic investments
Schedule of Equity Method Investments [Line Items]
Impairment on foreign equity method investment				10,000
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Other investments		1,176,560	907,875
Equity in earnings (losses)		42,126	41,849	(5,007)
Depreciation expense		19,500	14,400	16,900
Interest expense		59,300	32,900	18,100
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Other strategic investments
Schedule of Equity Method Investments [Line Items]
Other investments		69,911	43,253
Equity in earnings (losses)		(1,075)	(6)	(9,373)
Real Estate Investment | Other real estate equity investments
Schedule of Equity Method Investments [Line Items]
Impairment on foreign equity method investment				6,100
Real Estate Investment | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Carrying value		1,106,649	864,622
Equity in earnings (losses)		43,201	41,855	4,366
Real Estate Investment | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Safehold Inc.
Schedule of Equity Method Investments [Line Items]
Carrying value		937,712	729,357
Equity in earnings (losses)		53,476	29,764	4,711
Real Estate Investment | Equity Method Investment, Nonconsolidated Investee or Group of Investees | iStar Net Lease II LLC
Schedule of Equity Method Investments [Line Items]
Carrying value		78,998	30,712
Equity in earnings (losses)		2,654	(529)	(333)
Real Estate Investment | Equity Method Investment, Nonconsolidated Investee or Group of Investees | iStar Net Lease I LLC
Schedule of Equity Method Investments [Line Items]
Carrying value		0	0
Equity in earnings (losses)		0	0	4,100
Real Estate Investment | Equity Method Investment, Nonconsolidated Investee or Group of Investees | Other real estate equity investments
Schedule of Equity Method Investments [Line Items]
Carrying value		89,939	104,553
Equity in earnings (losses)		$ (12,929)	$ 12,620	$ (4,112)
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Other Investments (Narrative) (

Other Investments (Narrative) (Details)

Jan. 02, 2019USD ($)$ / sharesshares

Nov. 30, 2020USD ($)shares

Oct. 31, 2020USD ($)

Jun. 30, 2020

Mar. 31, 2020USD ($)shares

Dec. 31, 2019USD ($)buildinglease

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

Dec. 31, 2018USD ($)

Jun. 30, 2018USD ($)

Dec. 31, 2020USD ($)

Dec. 31, 2019USD ($)building

Dec. 31, 2018USD ($)

Sep. 30, 2020USD ($)

Oct. 31, 2019USD ($)

Jan. 31, 2019USD ($)

Oct. 31, 2017USD ($)

Aug. 31, 2017USD ($)

Dec. 31, 2016USD ($)

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

$ 250,000,000

$ 260,121,000

$ 656,720,000

$ 94,578,000

Conversion of Investor Units into shares

1

Restriction period on common stock received as payment

2 years

Commitment to extend credit

$ 150,000,000

150,000,000

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

$ 36,100,000

Income from sales of real estate

$ 24,500,000

$ 6,318,000

236,623,000

126,004,000

Revenue

530,949,000

$ 479,496,000

798,122,000

Number of units in real estate property to be built | building

3

3

Acquisitions of real estate assets

$ 56,700,000

0

$ 240,487,000

19,454,000

SAFE

Schedule of Equity Method Investments [Line Items]

Expense reimbursements from related party

$ 700,000

5,000,000

2,100,000

Ground lease term

99 years

98 years

Percentage of ownership

50.00%

Great Oaks

Schedule of Equity Method Investments [Line Items]

Lease term

99 years

Real estate leasehold improvement allowances

$ 7,200,000

Ground Lease Multifamily Development SanJose CA

Schedule of Equity Method Investments [Line Items]

Interest income

3,400,000

1,200,000

200,000

Proceeds from sale of ground lease

$ 34,000,000

Gain (loss) from sale of ground lease

6,100,000

Ground Lease, 100 200 Glenridge Point

Schedule of Equity Method Investments [Line Items]

Interest income

1,900,000

Ground Lease Conversion Washington DC

Schedule of Equity Method Investments [Line Items]

Commitment to extend credit

$ 13,300,000

Interest income

1,000,000

$ 1,000,000

Ground Lease Conversion Seattle WA

Schedule of Equity Method Investments [Line Items]

Commitment to extend credit

$ 22,500,000

Interest income

$ 300,000

Consideration received

$ 2,300,000

Ground Lease Tenant Acquisition

Schedule of Equity Method Investments [Line Items]

Commitment to extend credit

$ 22,000,000

Net Lease Venture II

Schedule of Equity Method Investments [Line Items]

Equity interest

51.90%

Other real estate equity investments

Schedule of Equity Method Investments [Line Items]

Equity investments related to party

$ 500,000

Other Real Estate Equity Investment Aug 2018

Schedule of Equity Method Investments [Line Items]

Equity interest

50.00%

50.00%

50.00%

Interest income

$ 2,400,000

$ 2,800,000

1,100,000

Payments for funding under loan commitments

$ 33,000,000

33,000,000

$ 33,000,000

Other Real Estate Equity Investment Dec 2016

Schedule of Equity Method Investments [Line Items]

Equity interest

50.00%

50.00%

Affiliated Entity

Schedule of Equity Method Investments [Line Items]

Real estate transaction price

$ 34,300,000

Payments to acquire land and develop asset

7,300,000

Assumption of loan in acquisition transaction

27,000,000

The Properties - Livermore CA | Net Lease Venture II

Schedule of Equity Method Investments [Line Items]

Number of properties | building

2

4

Acquisitions of real estate assets

$ 81,800,000

$ 31,200,000

Percentage of acquired properties leased

100.00%

100.00%

Number of leases | lease

2

4

Land | Other real estate equity investments

Schedule of Equity Method Investments [Line Items]

Carrying value

$ 42,900,000

31,200,000

42,900,000

Operating Properties

Schedule of Equity Method Investments [Line Items]

Income from sales of real estate

200,000

11,900,000

81,000,000

Operating Properties | Other real estate equity investments

Schedule of Equity Method Investments [Line Items]

Carrying value

$ 61,700,000

58,700,000

61,700,000

Operating Properties | Other Real Estate Equity Investment Dec 2016

Schedule of Equity Method Investments [Line Items]

Equity interest

50.00%

Interest income

$ 600,000

2,100,000

Loans commitment

$ 27,000,000

Operating Properties | Affiliated Entity | Other Real Estate Equity Investment Dec 2016

Schedule of Equity Method Investments [Line Items]

Real estate transaction price

$ 34,300,000

Payments to acquire land and develop asset

7,300,000

Assumption of loan in acquisition transaction

$ 27,000,000

Leasehold First Mortgage | Great Oaks

Schedule of Equity Method Investments [Line Items]

Commitment to extend credit

80,500,000

Loans receivable net of deferred income

$ 80,500,000

Safehold Inc.

Schedule of Equity Method Investments [Line Items]

Ground lease term

99 years

98 years

Safehold Inc. | Ground Lease, Atlanta medical office

Schedule of Equity Method Investments [Line Items]

Interest income

$ 1,200,000

1,400,000

Safehold Inc. | Ground Lease, 100 200 Glenridge Point

Schedule of Equity Method Investments [Line Items]

Commitment to extend credit

$ 19,900,000

Interest income

1,400,000

Number of office buildings | office_building

2

Safehold Inc. | Ground Lease, Atlanta medical office

Schedule of Equity Method Investments [Line Items]

Commitment to extend credit

$ 24,000,000

Commitment to extend credit, amount funded

61,800,000

$ 18,400,000

Management Fees | SAFE

Schedule of Equity Method Investments [Line Items]

Revenue from related party

$ 1,800,000

$ 1,800,000

12,700,000

7,500,000

Management Fees | Other Income | Net Lease Venture II

Schedule of Equity Method Investments [Line Items]

Commitment to extend credit, amount funded

85,900,000

Revenue

$ 1,500,000

$ 1,500,000

$ 400,000

Management Fees | Master Lease | Other Income | Net Lease Venture II

Schedule of Equity Method Investments [Line Items]

Lease term

25 years

25 years

Minimum | Other real estate equity investments

Schedule of Equity Method Investments [Line Items]

Equity interest

31.00%

Maximum | Other real estate equity investments

Schedule of Equity Method Investments [Line Items]

Equity interest

95.00%

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

$ 1,500,000,000

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

$ 1,500,000,000

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

$ 3,000,000,000

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

$ 3,000,000,000

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

$ 5,000,000,000

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

$ 5,000,000,000

Real Estate Investment | SAFE

Schedule of Equity Method Investments [Line Items]

Voting power cap threshold

41.90%

Independent period

3 years

Standstill provisions

2 years

Stock transfer limitation maximum per agreement, other than widely distributed public offering

20.00%

Common stock company acquired (in shares)

$ 65,000,000

$ 80,000,000

$ 130,000,000

$ 168,000,000

Common stock company acquired | shares

1,100,000

1,700,000

3,800,000

6,000,000

Equity interest

65.40%

Other Investments (Summarized I

Other Investments (Summarized Investee Financial Information) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Total assets	[1]	$ 4,861,808	$ 5,085,109
Total liabilities	[1]	3,797,425	3,847,149
Noncontrolling interests	[1]	193,414	197,538
Total equity attributable to parent entities	[1]	870,969	1,040,422
Revenues		530,949	479,496	$ 798,122
Expenses		(597,973)	(575,897)	(994,140)
Net income attributable to parent entities		(42,441)	324,042	(32,262)
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Schedule of Equity Method Investments [Line Items]
Total assets		4,522,147	3,653,763
Total liabilities		2,437,621	1,918,034
Noncontrolling interests		2,124	1,486
Total equity attributable to parent entities		2,082,402	1,734,243
Revenues		149,928	214,123	262,970
Expenses		(203,689)	(181,456)	(187,257)
Net income attributable to parent entities		$ (53,955)	$ 32,474	$ 75,056
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

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, 2020	Dec. 31, 2019	Dec. 31, 2018
Real Estate Properties [Line Items]
Intangible assets, net		$ 156,041	$ 174,973
Finance lease right-of-use asset		143,727	145,209
Operating lease right-of-use assets		48,891	34,063
Other receivables		10,881	16,846
Restricted cash		51,933	45,034
Other assets		19,453	17,534
Leasing costs, net		2,340	3,793
Corporate furniture, fixtures and equipment, net		2,024	2,736
Deferred financing fees, net		1,549	2,300
Deferred expenses and other assets, net	[1]	436,839	442,488
Intangible assets, accumulated amortization		44,400	33,400
Amortization of above market lease and lease incentives		1,400	1,700	$ 2,200
Amortization of intangible assets		$ 10,500	9,600	$ 7,200
Weighted average useful life		16 years 8 months 12 days
Operating leases, weighted average incremental borrowing rate, discount rate (percent)		5.10%
Operating leases, weighted average lease term (in years)		8 years 2 months 12 days
Finance leases, weighted average rate implicit in the lease, discount rate (percent)		5.50%
Finance leases, weighted average lease term (in years)		97 years
Operating lease expense		$ 5,400	4,400
Accumulated amortization on leasing costs		2,600	3,300
Accumulated depreciation on corporate furniture, fixtures and equipment		$ 14,300	$ 13,100
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]		star:DeferredExpensesAndOtherAssetsNet	star:DeferredExpensesAndOtherAssetsNet
Interest Expense
Real Estate Properties [Line Items]
Finance lease, interest expense		$ 8,200	$ 5,100
Depreciation and Amortization
Real Estate Properties [Line Items]
Finance lease, amortization		1,500	900
General and Administrative Expense
Real Estate Properties [Line Items]
Operating lease expense		4,700	3,600
Real Estate Expense
Real Estate Properties [Line Items]
Operating lease expense		$ 3,500	$ 3,300
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Other Assets and Other Liabil_4

Other Assets and Other Liabilities (Schedule of Other Liabilities) (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Assets and Other Liabilities [Abstract]
Other liabilities		$ 91,513	$ 81,709
Finance lease liabilities (see table above)		150,520	147,749
Operating lease liabilities (see table above)		50,072	34,182
Accrued expenses		94,724	83,778
Accrued interest payable		32,355	25,733
Intangible liabilities, net		48,738	51,223
Accounts payable, accrued expenses and other liabilities	[1]	467,922	424,374
Deferred income		36,900	27,500
Derivative liabilities		19,000	8,700
Increase to reserves for loan losses		1,000
Below market lease, accumulated amortization		7,500	5,000
Amortization of below market lease		$ 2,500	$ 2,300	$ 3,900
Below market lease intangible liability, weighted average useful life		17 years 6 months
Operating Lease, Liability, Statement of Financial Position [Extensible List]		us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Other Assets and Other Liabil_5

Other Assets and Other Liabilities (Intangible assets) (Details) $ in Thousands	Dec. 31, 2020USD ($)
Other Assets and Other Liabilities [Abstract]
2021	$ 11,725
2022	11,724
2023	11,570
2024	11,452
2025	$ 11,144

Loan Participations Payable, _3

Loan Participations Payable, net (Details) $ in Thousands		12 Months Ended
		Dec. 31, 2020USD ($)debt_instrument	Dec. 31, 2019USD ($)debt_instrument
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan participations payable		$ 42,501	$ 35,656
Debt discounts and deferred financing costs, net		0	(18)
Total loan participations payable, net	[1]	42,501	35,638
Loans receivable		732,330	827,861
Loan Participations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable		$ 42,500	$ 35,600
Loan Participations Payable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of debt instruments | debt_instrument		1	1
Weighted average interest rate		6.00%	6.30%
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Debt Obligations, net (Schedule

Debt Obligations, net (Schedule of Debt) (Details)		1 Months Ended			12 Months Ended
		Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2020USD ($)$ / shares	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Aug. 31, 2020USD ($)	Nov. 30, 2019USD ($)	Oct. 31, 2017USD ($)	Sep. 30, 2017USD ($)
Debt Instrument [Line Items]
Total debt obligations					$ 3,325,450,000	$ 3,436,038,000
Debt discounts and deferred financing costs, net					(38,475,000)	(48,958,000)
Total debt obligations, net	[1]				3,286,975,000	3,387,080,000
Interest costs capitalized					$ 1,900,000	7,500,000	$ 11,300,000
Net Lease Asset
Debt Instrument [Line Items]
Non-recourse debt assumed by buyer			$ 228,000,000			228,000,000
Senior Term Loan | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate					1.00%
3.125% senior convertible notes
Debt Instrument [Line Items]
Stated interest rate					3.125%
Secured credit facilities and mortgages
Debt Instrument [Line Items]
Total debt obligations					$ 1,212,950,000	1,212,993,000
Debt discounts and deferred financing costs, net					(6,010,000)
Total debt obligations, net					1,206,940,000
Assets served as collateral					2,100,000,000
Secured credit facilities and mortgages | Revolving Credit Facility
Debt Instrument [Line Items]
Total debt obligations					$ 0	0
Secured credit facilities and mortgages | Revolving Credit Facility | Federal Funds Rate
Debt Instrument [Line Items]
Basis point spread on variable interest rate					0.50%
Secured credit facilities and mortgages | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate					2.00%
Debt instrument term					1 year
Secured credit facilities and mortgages | Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis point spread on variable interest rate		2.00%			1.00%
Secured credit facilities and mortgages | Revolving Credit Facility | LIBOR | Minimum | Interest Rate Category Two
Debt Instrument [Line Items]
Basis point spread on variable interest rate					2.00%
Secured credit facilities and mortgages | Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate		2.50%
Secured credit facilities and mortgages | Revolving Credit Facility | LIBOR | Maximum | Interest Rate Category Two
Debt Instrument [Line Items]
Basis point spread on variable interest rate					2.50%
Secured credit facilities and mortgages | Revolving Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Basis point spread on variable interest rate		1.00%
Secured credit facilities and mortgages | Revolving Credit Facility | Base Rate | Minimum | Interest Rate Category One
Debt Instrument [Line Items]
Basis point spread on variable interest rate					1.00%
Secured credit facilities and mortgages | Revolving Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate		1.50%
Secured credit facilities and mortgages | Revolving Credit Facility | Base Rate | Maximum | Interest Rate Category One
Debt Instrument [Line Items]
Basis point spread on variable interest rate					1.50%
Secured credit facilities and mortgages | Senior Term Loan
Debt Instrument [Line Items]
Total debt obligations					$ 491,875,000	491,875,000
Debt instrument, face amount				$ 650,000,000
Secured credit facilities and mortgages | Senior Term Loan | Federal Funds Rate
Debt Instrument [Line Items]
Basis point spread on variable interest rate					0.50%
Secured credit facilities and mortgages | Senior Term Loan | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate				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					1.75%
Secured credit facilities and mortgages | Mortgages collateralized by net lease assets
Debt Instrument [Line Items]
Total debt obligations					$ 721,075,000	721,118,000
Weighted average interest rate					4.40%
Secured credit facilities and mortgages | Mortgages collateralized by net lease assets | Minimum
Debt Instrument [Line Items]
Stated interest rate					1.69%
Secured credit facilities and mortgages | Mortgages collateralized by net lease assets | Maximum
Debt Instrument [Line Items]
Stated interest rate					7.26%
Unsecured notes
Debt Instrument [Line Items]
Total debt obligations					$ 2,012,500,000	2,123,045,000
Unsecured notes | 6.00% senior notes
Debt Instrument [Line Items]
Total debt obligations					$ 0	$ 110,545,000
Stated interest rate					6.00%	6.00%
Unsecured notes | 5.25% senior notes
Debt Instrument [Line Items]
Total debt obligations					$ 0	$ 400,000,000
Stated interest rate					5.25%			5.25%
Debt instrument, face amount								$ 400,000,000
Unsecured notes | 3.125% senior convertible notes
Debt Instrument [Line Items]
Total debt obligations					$ 287,500,000	287,500,000
Total debt obligations, net					$ 275,100,000	$ 268,700,000
Stated interest rate					3.125%	3.125%				3.125%
Convertible debt conversion ratio (in shares per par value)					0.07025
Convertible debt conversion price (in dollars per share) | $ / shares					$ 14.23
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					$ 10,200,000	$ 15,500,000
Contractual interest					9,000,000	9,000,000	9,000,000
Amortization of debt discount					$ 5,200,000	$ 5,000,000	$ 4,700,000
Effective interest rate					5.20%	5.20%	5.20%
Unsecured notes | 4.75% senior notes
Debt Instrument [Line Items]
Total debt obligations					$ 775,000,000	$ 775,000,000
Stated interest rate		4.75%			4.75%				4.75%
Debt instrument, face amount		$ 675,000,000							$ 100,000,000
Effective interest rate									4.29%
Unsecured notes | 4.25% senior notes
Debt Instrument [Line Items]
Total debt obligations					$ 550,000,000	$ 550,000,000
Stated interest rate					4.25%	4.25%
Debt instrument, face amount						$ 550,000,000
Unsecured notes | 5.5% senior notes
Debt Instrument [Line Items]
Total debt obligations					$ 400,000,000	0
Stated interest rate					5.50%
Other debt obligations | Trust preferred securities
Debt Instrument [Line Items]
Total debt obligations					$ 100,000,000	$ 100,000,000
Other debt obligations | Trust preferred securities | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate					1.50%
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Debt Obligations, net (Future S

Debt Obligations, net (Future Scheduled Maturities) (Details) - USD ($) $ in Thousands		Dec. 31, 2020	Dec. 31, 2019
Maturities of Long-term Debt [Abstract]
2021		$ 156,144
2022		334,287
2023		491,875
2024		775,000
2025		822,843
Thereafter		745,301
Total principal maturities		3,325,450	$ 3,436,038
Unamortized discounts and deferred financing costs, net		(38,475)	(48,958)
Total debt obligations, net	[1]	3,286,975	3,387,080
Unsecured Debt
Maturities of Long-term Debt [Abstract]
2021		0
2022		287,500
2023		0
2024		775,000
2025		550,000
Thereafter		500,000
Total principal maturities		2,112,500
Unamortized discounts and deferred financing costs, net		(32,465)
Total debt obligations, net		2,080,035
Secured Debt
Maturities of Long-term Debt [Abstract]
2021		156,144
2022		46,787
2023		491,875
2024		0
2025		272,843
Thereafter		245,301
Total principal maturities		1,212,950	$ 1,212,993
Unamortized discounts and deferred financing costs, net		(6,010)
Total debt obligations, net		$ 1,206,940
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

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, 2020	Dec. 31, 2019	Dec. 31, 2018	Aug. 31, 2020	Nov. 30, 2019
Debt Instrument [Line Items]
Loss on early extinguishment of debt, net					$ 12,038,000	$ 27,724,000	$ 10,367,000
2016 Senior Term Loan | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate					1.00%
Secured Debt | 2016 Senior Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount				$ 650,000,000
Secured Debt | 2016 Senior Term Loan | Gain (Loss) On Extinguishment Of Debt
Debt Instrument [Line Items]
Loss on early extinguishment of debt, net							2,500,000
Secured Debt | 2016 Senior Term Loan | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate				2.75%	2.75%
Secured Debt | 2016 Senior Term Loan | LIBOR | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate					1.75%
Secured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 350,000,000
Secured Debt | Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Commitment fee percentage			0.25%
Current borrowing capacity					$ 350,000,000
Secured Debt | Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Commitment fee percentage			0.45%
Secured Debt | Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis point spread on variable interest rate					2.00%
Secured Debt | Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Basis point spread on variable interest rate			2.00%		1.00%
Secured Debt | Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate			2.50%
Secured Debt | Revolving Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Basis point spread on variable interest rate			1.00%
Secured Debt | Revolving Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Basis point spread on variable interest rate			1.50%
Unsecured Notes
Debt Instrument [Line Items]
Loss on early extinguishment of debt, net					$ 12,000,000	26,600,000	$ 1,200,000
Unsecured Notes | 4.75% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 675,000,000						$ 100,000,000
Stated interest rate			4.75%		4.75%				4.75%
Percentage of par credit facilities were issued at									102.00%
Yield to maturity									4.29%
Unsecured Notes | 4.625% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 400,000,000
Stated interest rate			4.625%
Unsecured Notes | 6.50% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount			$ 275,000,000
Stated interest rate			6.50%
Unsecured Notes | 4.25% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount		$ 550,000,000				$ 550,000,000
Stated interest rate		4.25%			4.25%	4.25%
Unsecured Notes | 6.00% senior notes
Debt Instrument [Line Items]
Stated interest rate		6.00%			6.00%	6.00%
Principal amount called for redemption	$ 110,500,000	$ 375,000,000
Unsecured Notes | 5.5% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount								$ 400,000,000
Stated interest rate								5.50%
Unsecured Notes | 5.25% senior notes
Debt Instrument [Line Items]
Debt instrument, face amount								$ 400,000,000
Stated interest rate					5.25%			5.25%

Debt Obligations, net (Debt Cov

Debt Obligations, net (Debt Covenants) (Details)	Dec. 31, 2020
Unsecured Debt
Debt Instrument [Line Items]
Unencumbered assets to unsecured indebtedness ratio	1.2
Secured Debt | 2016 Senior Term Loan
Debt Instrument [Line Items]
Collateral coverage ratio	1.25
Secured Debt | 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) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
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	$ 91,591
Strategic Investments	12,810
Total	104,401
Loans and Other Lending Investments
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments	63,419
Strategic Investments	0
Total	63,419
Real Estate
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments	2,213
Strategic Investments	0
Total	2,213
Other Investments
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments	25,959
Strategic Investments	12,810
Total	38,769
Loan Participations Payable
Unfunded Financial Commitments [Line Items]
Performance-Based Commitments	$ 7,500

Commitments and Contingencies_3

Commitments and Contingencies (Other Commitments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Operating lease expense	$ 5,400	$ 4,400
Operating lease expense			$ 5,000
Operating
Year one	3,797	4,167
Year two	6,756	1,803
Year three	6,393	1,098
Year four	6,309	728
Year five	6,297	617
Thereafter	496	1,447
Total undiscounted cash flows	30,048	9,860
Present value discount	(3,771)	(1,057)
Other adjustments	23,795	25,379
Lease liabilities	50,072	34,182
Finance
Year one	5,494	5,386
Year two	5,604	5,494
Year three	5,716	5,604
Year four	5,830	5,716
Year five	5,946	5,830
Thereafter	1,567,826	1,573,824
Total undiscounted cash flows	1,596,416	1,601,854
Present value discount	(1,445,896)	(1,454,105)
Other adjustments	0	0
Lease liabilities	150,520	147,749
Operating lease payments made	4,300	4,100
Finance lease payments made	$ 5,400	$ 3,300
Operating leases, excluding tenant paid leases, weighted average lease term	5 years 7 months 6 days	4 years 2 months 12 days
Operating leases, weighted average incremental borrowing rate, discount rate	5.00%	5.60%
Finance leases, weighted average lease term	97 years	93 years
Finance leases, weighted average rate implicit in the lease, discount rate	5.50%	5.40%

Risk Management and Derivativ_3

Risk Management and Derivatives (Risk Concentration) (Details) - Customer Concentration Risk	12 Months Ended
	Dec. 31, 2020borrower
Concentration Risk [Line Items]
Number of large borrowers or tenants	5
Concentration risk percentage of revenue (no more than)	21.40%
Concentration risk percentage of one single customer, revenue (no more than)	11.60%

Risk Management and Derivativ_4

Risk Management and Derivatives (Fair Value of Derivative Financial Instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Derivative financial instruments on consolidated balance sheets
Expected amount related to cash flow hedge that will be reclassified over next twelve months	$ 10,300
Designated as hedge
Derivative financial instruments on consolidated balance sheets
Derivative assets, fair value	0	$ 114
Derivative liabilities, fair value	18,926	8,680
Designated as hedge | Interest rate swaps | Other assets
Derivative financial instruments on consolidated balance sheets
Derivative assets, fair value	0	114
Designated as hedge | Interest rate swaps | Other liabilities
Derivative financial instruments on consolidated balance sheets
Derivative liabilities, fair value	$ 18,926	$ 8,680

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, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income		$ (28,290)	$ (42,582)	$ (14,699)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings	[1]	(8,075)	(14,524)	1,508
Interest rate swap | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of loss attributable to noncontrolling interest		4,400	4,300	1,900
Interest expense | Interest rate swap | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income		(14,931)	(21,165)	(12,963)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings		(6,974)	(1,861)	(388)
Earnings from equity method investments | Interest rate swap | Designated as hedge
Derivative financial instruments on consolidated statements of operations
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income		(13,359)	(21,417)	(1,736)
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings		$ (1,101)	$ (184)	$ 20
[1]	Reclassified to "Interest expense" in the Company's consolidated statements of operations are $6,974, $1,861 and $388 for the years ended December 31, 2020, 2019 and 2018, 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 $1,101, $184 and $(20), respectively, for the years ended December 31, 2020, 2019 and 2018. 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.

Equity (Preferred Stock) (Detai

Equity (Preferred Stock) (Details)	1 Months Ended	12 Months Ended
	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2020USD ($)mo$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares
Preferred Stock
Shares issued and outstanding (in shares) | shares	12,200,000	12,200,000	12,200,000
Liquidation preference (in dollars per share)	$ 25	$ 25	$ 25
Carrying value | $	$ 282,490,000	$ 282,490,000	$ 282,490,000
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 | mo		12
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%
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
Convertible Preferred Stock Series J
Class of Stock [Line Items]
Common stock to redeem outstanding shares | shares	16,500,000
Shares issued upon conversion | shares	4.125		4.125
Preferred Stock
Liquidation preference (in dollars per share)	$ 50		$ 50
Carrying value | $	$ 193,500,000		$ 193,500,000
Dividends declared and paid | $			$ 9,000,000
Series D
Preferred Stock
Shares issued and outstanding (in shares) | shares	4,000,000	4,000,000	4,000,000
Par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Liquidation preference (in dollars per share)	$ 25	$ 25	$ 25
Rate per annum		8.00%	8.00%
Equivalent to fixed annual rate (in dollars per share)		$ 2	$ 2
Carrying value | $	$ 89,041,000	$ 89,041,000	$ 89,041,000
Dividends declared and paid | $		$ 8,000,000	$ 8,000,000
Series G
Preferred Stock
Shares issued and outstanding (in shares) | shares	3,200,000	3,200,000	3,200,000
Par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Liquidation preference (in dollars per share)	$ 25	$ 25	$ 25
Rate per annum		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	$ 72,664,000
Dividends declared and paid | $		$ 6,100,000	$ 6,100,000
Series I
Preferred Stock
Shares issued and outstanding (in shares) | shares	5,000,000	5,000,000	5,000,000
Par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Liquidation preference (in dollars per share)	$ 25	$ 25	$ 25
Rate per annum		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	$ 120,785,000
Dividends declared and paid | $		$ 9,400,000	$ 9,400,000
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, 2020	Dec. 31, 2019	Dec. 31, 2018
Dividends [Abstract]
Operating loss carryforwards		$ 460,600
Common stock dividends	$ 32,815	$ 25,324	$ 12,333
Common stock dividends paid (in dollars per share)	$ 0.43	$ 0.39
Capital gains distribution percentage	100.00%	100.00%
Unrecaptured Section 1250 gain percentage		34.01%
Common Stock
Dividends [Abstract]
Capital gains distribution percentage		100.00%
Unrecaptured Section 1250 gain percentage		34.01%

Equity (Stock Repurchase Progra

Equity (Stock Repurchase Program) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Feb. 23, 2021
Class of Stock [Line Items]
Stock repurchased and retired during period (in shares)	4.2	7.3
Common stock value acquired including acquisition costs	$ 48.4	$ 74.6
Average cost per share (in dollars per share)	$ 11.48	$ 10.16
Stock repurchase program remaining authorized amount	$ 33.8
Subsequent Event
Class of Stock [Line Items]
Stock repurchase program, authorized amount			$ 50

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total equity	$ 1,064,383	[1]	$ 1,237,960	[1]	$ 1,064,115	$ 914,249
Unrealized gains on available-for-sale securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total equity	4,594		2,756
Unrealized losses on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total equity	(53,075)		(37,264)
Unrealized losses on cumulative translation adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total equity	(4,199)		(4,199)
Accumulated other comprehensive loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total equity	$ (52,680)		$ (38,707)		$ (17,270)	$ (2,482)
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans and Employee Benefits (Stock-Based Compensation) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement [Abstract]
Stock-based compensation expense	$ 39,354	$ 30,436	$ 17,563
Unrecognized compensation cost	$ 2,800
Weighted-average period to recognize the unrecognized compensation cost	1 year 2 months 12 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, 2020USD ($)ownership_class$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)	May 01, 2019shares	Apr. 30, 2019shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage	15.00%
Equity-based compensation | $	$ 39,354	$ 30,436	$ 17,563
Performance Incentive Plan
Accrued expenses | $	$ 94,724	83,778
Long-term Incentive Plan 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ownership percentage of class A units	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)	2,400,000
iPIP Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	6 years
Vesting rights percentage	40.00%
Performance Incentive Plan
Accrued expenses | $	$ 69,100	$ 41,900
2013-2014 Performance Incentive Plan
Performance Incentive Plan
Points at beginning of period (in shares)	81.17
Forfeited (in shares)	(1)
Points at end of period (in shares)	80.17	81.17
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
Equity-based compensation | $	$ 3,400	$ 2,900
Settlement or distribution on units and awards, cash	50.00%
Settlement or distribution on units and awards, common stock	50.00%
2015-2016 Performance Incentive Plan
Performance Incentive Plan
Points at beginning of period (in shares)	73.28
Forfeited (in shares)	(2.88)
Points at end of period (in shares)	70.40	73.28
iPIP distributions to plan participants | $	$ 1,500	$ 9,400
iPIP distributions, equity component (in shares)	54,245	356,065
iPIP distributions, equity component, fair value (in dollars per share) | $ / shares	$ 14.51	$ 13.11
iPIP distributions, shares issued net of tax withholdings (in shares)	32,825	192,829
2017-2018 Performance Incentive Plan
Performance Incentive Plan
Points at beginning of period (in shares)	77.27
Forfeited (in shares)	(3.93)
Points at end of period (in shares)	73.34	77.27
2013-2018 Performance Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation | $	$ 30,700	$ 21,200	$ 15,000
Settlement or distribution on units and awards, cash	50.00%
Settlement or distribution on units and awards, common stock	50.00%

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, 2020	Dec. 31, 2019	Dec. 31, 2018
Number of Shares
Non-vested at beginning of period (in shares)	598
Granted (in shares)	181
Vested (in shares)	(248)
Non-vested at end of period (in shares)	531	598
Weighted Average Grant Date Fair Value Per Share
Non-vested at beginning of period (in dollars per share)	$ 9.18
Granted (in dollars per share)	14.68	$ 8.84	$ 10.16
Vested (in dollars per share)	9.62
Non-vested at end of period (in dollars per share)	$ 10.85	$ 9.18
Non-vested, aggregate intrinsic value	$ 7,885	$ 8,688
Fair value of units vested during period	$ 3,600	$ 1,800	$ 1,400

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, 2020USD ($)$ / sharesshares
Award Date One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	79,138
Grant date fair value (in dollars per share) | $ / shares	$ 9.75
Award Date Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	10,710
Grant date fair value (in dollars per share) | $ / shares	$ 11.52
CSE
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	3,096
Grant date fair value (in dollars per share) | $ / shares	$ 12.20
CSE and Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested, outstanding (in shares)	179,522
Non-vested, aggregate intrinsic value | $	$ 2.7

Stock-Based Compensation Plan_7

Stock-Based Compensation Plans and Employee Benefits (401(k) Plan) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
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	$ 1.1	$ 0.9	$ 1.1

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Earnings Per Share) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ (30,853)	$ 334,325	$ (18,326)
Net income attributable to noncontrolling interests	(11,588)	(10,283)	(13,936)
Preferred dividends	(23,496)	(32,495)	(32,495)
Net income (loss) allocable to common shareholders	(65,937)	291,547	(64,757)
Add: Effect of Series J convertible perpetual preferred stock	0	9,000	0
Net income (loss) allocable to common shareholders	$ (65,937)	$ 300,547	$ (64,757)

Earnings Per Share (Earnings Al

Earnings Per Share (Earnings Allocable to Common Shares) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)trading_day$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares
Numerator for basic earnings per share:
Net income (loss) allocable to common shareholders | $	$ (65,937)	$ 291,547	$ (64,757)
Numerator for diluted earnings per share:
Net income (loss) allocable to common shareholders | $	$ (65,937)	$ 300,547	$ (64,757)
Denominator for basic and diluted earnings per share:
Weighted average common shares outstanding for basic earnings per common share (in shares)	75,684,000	64,696,000	67,958,000
Add: Effect of assumed shares issued under treasury stock method for restricted stock units (in shares)	0	146,000	0
Add: Effect of series J convertible perpetual preferred stock (in shares)	0	15,824,000	0
Weighted average common shares outstanding for diluted earnings per common share (in shares)	75,684,000	80,666,000	67,958,000
Basic earnings per common share:
Net income (loss) allocable to common shareholders (in dollars per share) | $ / shares	$ (0.87)	$ 4.51	$ (0.95)
Diluted earnings per common share:
Net income (loss) allocable to common shareholders (in dollars per share) | $ / shares	$ (0.87)	$ 3.73	$ (0.95)
Anti-dilutive shares			15,704,000
3.125% senior convertible notes
Diluted earnings per common share:
Stated interest rate	3.125%
Threshold consecutive trading days | trading_day	40
Shares issued upon conversion	0

Fair Values (Schedule of Fair V

Fair Values (Schedule of Fair Value Measurement) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)land_asset
Assets and liabilities recorded at fair value
Derivative liabilities	$ 19,000	$ 8,700
Recurring basis | Fair Value
Assets and liabilities recorded at fair value
Derivative assets		114
Derivative liabilities	18,926	8,680
Available-for-sale securities	25,274	23,896
Recurring basis | Level 1
Assets and liabilities recorded at fair value
Derivative assets		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
Derivative liabilities	18,926	8,680
Available-for-sale securities	0	0
Recurring basis | Level 3
Assets and liabilities recorded at fair value
Derivative assets		0
Derivative liabilities	0	0
Available-for-sale securities	25,274	23,896
Non-recurring basis
Assets and liabilities recorded at fair value
Impaired land and development, aggregate impairment	1,300	$ 5,300
Impaired land and development, number of assets | land_asset		2
Non-recurring basis | Fair Value
Assets and liabilities recorded at fair value
Impaired land and development	6,078	$ 40,000
Non-recurring basis | Level 1
Assets and liabilities recorded at fair value
Impaired land and development	0	0
Non-recurring basis | Level 2
Assets and liabilities recorded at fair value
Impaired land and development	0	0
Non-recurring basis | Level 3
Assets and liabilities recorded at fair value
Impaired land and development	$ 6,078	$ 40,000

Fair Values (Schedule of Level

Fair Values (Schedule of Level 3 Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 23,896	$ 21,661
Repayments	(460)	(45)
Unrealized gains recorded in other comprehensive income	1,838	2,280
Ending balance	$ 25,274	$ 23,896

Fair Values - (Carrying Value a

Fair Values - (Carrying Value and Fair Value of Financial Instruments) (Details) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Carrying Value
Book and estimated fair values of financial instruments
Net investment in leases	$ 429	$ 419
Loans receivable and other lending investments	732	828
Cash and cash equivalents	99	307
Restricted cash	52	45
Loan participations payable, net	43	36
Debt obligations, net	3,287	3,387
Fair Value
Book and estimated fair values of financial instruments
Net investment in leases	431	419
Loans receivable and other lending investments	772	864
Cash and cash equivalents	99	307
Restricted cash	52	45
Loan participations payable, net	43	36
Debt obligations, net	$ 3,414	$ 3,531

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segments) (Details) $ in Thousands		Jun. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2020USD ($)segment		Dec. 31, 2019USD ($)		Dec. 31, 2018USD ($)	May 31, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment				4
Segment Profit (Loss)
Revenue				$ 530,949		$ 479,496		$ 798,122
Earnings (losses) from equity method investments				42,126		41,849		(5,007)
Selling profit from sales-type leases				0		180,416		0
Gain on consolidation of equity method investment		$ 67,900		0		0		67,877
Income from sales of real estate			$ 24,500	6,318		236,623		126,004
Total revenue and other earnings				579,393		938,384		986,996
Other expense				(569)		(13,120)		(6,040)
Allocated interest expense				(169,574)		(183,919)		(183,751)
Allocated general and administrative				(61,525)		(68,173)		(74,572)
Segment profit (loss)				97,505		471,083		233,163
Other significant items:
Provision for loan losses				9,052		6,482		16,937
Provision for losses on net investment in leases				1,760		0		0
Impairment of assets				7,827		13,419		147,108
Depreciation and amortization				58,092		58,259		58,699
Capitalized expenditures				53,906		136,093		204,722
Segment Assets
Real estate, net	[1]			1,484,281		1,527,219
Real estate available and held for sale	[1]			5,212		8,650
Total real estate	[1]			1,489,493		1,535,869
Net investment in leases				429,101	[1]	418,915	[1]		$ 424,100
Land and development, net	[1]			430,663		580,545
Loans receivable and other lending investments, net	[1]			732,330		827,861
Other investments	[1]			1,176,560		907,875
Total portfolio assets				4,258,147		4,271,065
Cash and other assets				603,661		814,044
Total assets	[1]			4,861,808		5,085,109
Stock-based compensation expense				39,354		30,436		17,563
Operating lease income
Segment Profit (Loss)
Revenue				188,722		206,388		208,192
Interest income
Segment Profit (Loss)
Revenue				60,116		77,654		97,878
Interest income from sales-type leases
Segment Profit (Loss)
Revenue				33,552		20,496		0
Other income
Segment Profit (Loss)
Revenue				83,857		55,363		82,342
Land development
Segment Profit (Loss)
Revenue				164,702		119,595		409,710
Cost of sales expense				(177,727)		(109,663)		(350,181)
Real estate expense
Segment Profit (Loss)
Cost of sales expense				(72,493)		(92,426)		(139,289)
Operating Segments | Net Lease
Segment Profit (Loss)
Earnings (losses) from equity method investments				56,130		29,235		8,479
Selling profit from sales-type leases						180,416
Gain on consolidation of equity method investment								67,877
Income from sales of real estate				6,056		224,654		45,038
Total revenue and other earnings				284,446		651,216		277,638
Other expense				0		0		0
Allocated interest expense				(101,208)		(95,154)		(63,706)
Allocated general and administrative				(23,223)		(25,990)		(20,713)
Segment profit (loss)				133,444		505,286		176,186
Other significant items:
Provision for loan losses				186		0		0
Provision for losses on net investment in leases				1,760
Impairment of assets				2,037		2,471		10,391
Depreciation and amortization				50,767		51,091		38,588
Capitalized expenditures				21,764		31,445		40,215
Segment Assets
Real estate, net				1,291,903		1,327,082
Real estate available and held for sale				0		0
Total real estate				1,291,903		1,327,082
Net investment in leases				429,101		418,915
Land and development, net				0		0
Loans receivable and other lending investments, net				45,398		44,339
Other investments				1,016,710		760,068
Total portfolio assets				2,783,112		2,550,404
Operating Segments | Net Lease | Operating lease income
Segment Profit (Loss)
Revenue				167,152		177,679		151,958
Operating Segments | Net Lease | Interest income
Segment Profit (Loss)
Revenue				3,440		2,018		0
Operating Segments | Net Lease | Interest income from sales-type leases
Segment Profit (Loss)
Revenue				33,552		20,496
Operating Segments | Net Lease | Other income
Segment Profit (Loss)
Revenue				18,116		16,718		4,286
Operating Segments | Net Lease | Land development
Segment Profit (Loss)
Revenue				0		0		0
Cost of sales expense				0		0		0
Operating Segments | Net Lease | Real estate expense
Segment Profit (Loss)
Cost of sales expense				(26,571)		(24,786)		(17,033)
Operating Segments | Real Estate Finance
Segment Profit (Loss)
Earnings (losses) from equity method investments				0		0		0
Selling profit from sales-type leases						0
Gain on consolidation of equity method investment								0
Income from sales of real estate				0		0		0
Total revenue and other earnings				68,651		80,582		102,434
Other expense				(266)		(462)		(1,578)
Allocated interest expense				(23,390)		(29,587)		(40,653)
Allocated general and administrative				(6,622)		(8,254)		(12,997)
Segment profit (loss)				38,373		42,279		47,206
Other significant items:
Provision for loan losses				8,866		6,482		16,937
Provision for losses on net investment in leases				0
Impairment of assets				0		0		0
Depreciation and amortization				0		0		0
Capitalized expenditures				0		0		0
Segment Assets
Real estate, net				0		0
Real estate available and held for sale				0		0
Total real estate				0		0
Net investment in leases				0		0
Land and development, net				0		0
Loans receivable and other lending investments, net				686,932		783,522
Other investments				0		0
Total portfolio assets				686,932		783,522
Operating Segments | Real Estate Finance | Operating lease income
Segment Profit (Loss)
Revenue				0		0		0
Operating Segments | Real Estate Finance | Interest income
Segment Profit (Loss)
Revenue				56,676		75,636		97,878
Operating Segments | Real Estate Finance | Interest income from sales-type leases
Segment Profit (Loss)
Revenue				0		0
Operating Segments | Real Estate Finance | Other income
Segment Profit (Loss)
Revenue				11,975		4,946		4,556
Operating Segments | Real Estate Finance | Land development
Segment Profit (Loss)
Revenue				0		0		0
Cost of sales expense				0		0		0
Operating Segments | Real Estate Finance | Real estate expense
Segment Profit (Loss)
Cost of sales expense				0		0		0
Operating Segments | Operating Properties
Segment Profit (Loss)
Earnings (losses) from equity method investments				(16,361)		8,298		(1,003)
Selling profit from sales-type leases						0
Gain on consolidation of equity method investment								0
Income from sales of real estate				262		11,969		80,966
Total revenue and other earnings				13,180		66,074		190,001
Other expense				0		0		0
Allocated interest expense				(8,951)		(10,249)		(18,618)
Allocated general and administrative				(2,591)		(2,887)		(6,574)
Segment profit (loss)				(21,298)		17,616		84,239
Other significant items:
Provision for loan losses				0		0		0
Provision for losses on net investment in leases				0
Impairment of assets				3,052		3,853		79,991
Depreciation and amortization				5,142		4,977		17,417
Capitalized expenditures				1,636		5,617		19,912
Segment Assets
Real estate, net				192,378		200,137
Real estate available and held for sale				5,212		8,650
Total real estate				197,590		208,787
Net investment in leases				0		0
Land and development, net				0		0
Loans receivable and other lending investments, net				0		0
Other investments				58,739		61,686
Total portfolio assets				256,329		270,473
Operating Segments | Operating Properties | Operating lease income
Segment Profit (Loss)
Revenue				21,214		28,423		55,677
Operating Segments | Operating Properties | Interest income
Segment Profit (Loss)
Revenue				0		0		0
Operating Segments | Operating Properties | Interest income from sales-type leases
Segment Profit (Loss)
Revenue				0		0
Operating Segments | Operating Properties | Other income
Segment Profit (Loss)
Revenue				8,065		17,384		54,361
Operating Segments | Operating Properties | Land development
Segment Profit (Loss)
Revenue				0		0		0
Cost of sales expense				0		0		0
Operating Segments | Operating Properties | Real estate expense
Segment Profit (Loss)
Cost of sales expense				(22,936)		(35,322)		(80,570)
Operating Segments | Land and Development
Segment Profit (Loss)
Earnings (losses) from equity method investments				3,432		4,322		(3,110)
Selling profit from sales-type leases						0
Gain on consolidation of equity method investment								0
Income from sales of real estate				0		0		0
Total revenue and other earnings				187,520		132,041		414,477
Other expense				0		0		0
Allocated interest expense				(17,940)		(20,706)		(21,897)
Allocated general and administrative				(9,990)		(11,957)		(14,313)
Segment profit (loss)				(41,123)		(42,603)		(13,600)
Other significant items:
Provision for loan losses				0		0		0
Provision for losses on net investment in leases				0
Impairment of assets				2,738		6,427		56,726
Depreciation and amortization				952		977		1,353
Capitalized expenditures				30,506		99,031		144,595
Segment Assets
Real estate, net				0		0
Real estate available and held for sale				0		0
Total real estate				0		0
Net investment in leases				0		0
Land and development, net				430,663		580,545
Loans receivable and other lending investments, net				0		0
Other investments				31,200		42,866
Total portfolio assets				461,863		623,411
Operating Segments | Land and Development | Operating lease income
Segment Profit (Loss)
Revenue				356		286		557
Operating Segments | Land and Development | Interest income
Segment Profit (Loss)
Revenue				0		0		0
Operating Segments | Land and Development | Interest income from sales-type leases
Segment Profit (Loss)
Revenue				0		0
Operating Segments | Land and Development | Other income
Segment Profit (Loss)
Revenue				19,030		7,838		7,320
Operating Segments | Land and Development | Land development
Segment Profit (Loss)
Revenue				164,702		119,595		409,710
Cost of sales expense				(177,727)		(109,663)		(350,181)
Operating Segments | Land and Development | Real estate expense
Segment Profit (Loss)
Cost of sales expense				(22,986)		(32,318)		(41,686)
Corporate/Other
Segment Profit (Loss)
Earnings (losses) from equity method investments				(1,075)		(6)		(9,373)
Selling profit from sales-type leases						0
Gain on consolidation of equity method investment								0
Income from sales of real estate				0		0		0
Total revenue and other earnings				25,596		8,471		2,446
Other expense				(303)		(12,658)		(4,462)
Allocated interest expense				(18,085)		(28,223)		(38,877)
Allocated general and administrative				(19,099)		(19,085)		(19,975)
Segment profit (loss)				(11,891)		(51,495)		(60,868)
Other significant items:
Provision for loan losses				0		0		0
Provision for losses on net investment in leases				0
Impairment of assets				0		668		0
Depreciation and amortization				1,231		1,214		1,341
Capitalized expenditures				0		0		0
Segment Assets
Real estate, net				0		0
Real estate available and held for sale				0		0
Total real estate				0		0
Net investment in leases				0		0
Land and development, net				0		0
Loans receivable and other lending investments, net				0		0
Other investments				69,911		43,255
Total portfolio assets				69,911		43,255
Corporate/Other | Operating lease income
Segment Profit (Loss)
Revenue				0		0		0
Corporate/Other | Interest income
Segment Profit (Loss)
Revenue				0		0		0
Corporate/Other | Interest income from sales-type leases
Segment Profit (Loss)
Revenue				0		0
Corporate/Other | Other income
Segment Profit (Loss)
Revenue				26,671		8,477		11,819
Corporate/Other | Land development
Segment Profit (Loss)
Revenue				0		0		0
Cost of sales expense				0		0		0
Corporate/Other | Real estate expense
Segment Profit (Loss)
Cost of sales expense				$ 0		$ 0		$ 0
[1]	Refer to Note 2 for details on the Company's consolidated variable interest entities ("VIEs").

Segment Reporting (Reconciliati

Segment Reporting (Reconciliation of Segment Profit (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of segment profit (loss) to income (loss) from continuing operations
Segment profit	$ 97,505	$ 471,083	$ 233,163
Less: Provision for loan losses	(9,052)	(6,482)	(16,937)
Provision for losses on net investment in leases	(1,760)	0	0
Less: Impairment of assets	(7,827)	(13,419)	(147,108)
Less: Depreciation and amortization	(58,092)	(58,259)	(58,699)
Less: Stock-based compensation expense	(39,354)	(30,436)	(17,563)
Less: Income tax expense	(235)	(438)	(815)
Less: Loss on early extinguishment of debt, net	(12,038)	(27,724)	(10,367)
Net income (loss)	$ (30,853)	$ 334,325	$ (18,326)

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 110,221	$ 134,773	$ 144,357
Charged to Costs and Expenses	11,753	7,324	33,086
Adjustments to Valuation Accounts	729	0	0
Deductions	(27,755)	(31,876)	(42,670)
Balance at End of Period	110,221	134,773	144,357	$ 94,948
Reserve for loan losses
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	28,634	53,395	78,489
Charged to Costs and Expenses	9,696	6,482	16,937
Adjustments to Valuation Accounts	729	0	0
Deductions	(25,889)	(31,243)	(42,031)
Balance at End of Period	28,634	53,395	78,489	13,170
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	1,942	3,271	2,610
Charged to Costs and Expenses	1,601	(696)	1,300
Adjustments to Valuation Accounts	0	0	0
Deductions	(1,866)	(633)	(639)
Balance at End of Period	1,942	3,271	2,610	1,677
Allowance for deferred tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	79,645	78,107	63,258
Charged to Costs and Expenses	456	1,538	14,849
Adjustments to Valuation Accounts	0	0	0
Deductions	0	0	0
Balance at End of Period	$ 79,645	$ 78,107	$ 63,258	$ 80,101

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, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 720,252
Initial cost to company, land	716,066
Initial cost to company, building and improvements	1,397,827
Cost capitalized subsequent to acquisition	89,104
Gross amount carried at close of period, land	772,689
Gross amount carried at close of period, building and improvements	1,430,308
Gross amount carried at close of period, total	2,202,997	$ 2,364,413	$ 2,710,512	$ 2,577,195
Accumulated depreciation	282,841	$ 247,998	$ 318,724	$ 366,265
Properties pledged as collateral	263,400
Aggregate cost for federal income tax purposes	2,560,000
Office Facilities
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	516,730
Initial cost to company, land	87,375
Initial cost to company, building and improvements	749,057
Cost capitalized subsequent to acquisition	14,754
Gross amount carried at close of period, land	87,373
Gross amount carried at close of period, building and improvements	763,813
Gross amount carried at close of period, total	851,186
Accumulated depreciation	112,109
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	$ 5,324
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	$ 3,724
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	$ 3,750
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	$ 2,845
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	$ 26,025
Initial cost to company, land	9,702
Initial cost to company, building and improvements	29,831
Cost capitalized subsequent to acquisition	1,167
Gross amount carried at close of period, land	9,702
Gross amount carried at close of period, building and improvements	30,998
Gross amount carried at close of period, total	40,700
Accumulated depreciation	$ 2,397
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	$ 474
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	$ 21,115
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	$ 2,411
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	(85)
Gross amount carried at close of period, land	19,529
Gross amount carried at close of period, building and improvements	148,201
Gross amount carried at close of period, total	167,730
Accumulated depreciation	$ 8,269
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	$ 5,931
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	$ 10,540
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	$ 4,571
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	$ 46,787
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	$ 33,620
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	$ 6,850
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	$ 5,847
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	$ 16,288
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	$ 12,511
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	$ 70,149
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	$ 6,840
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	17,436
Gross amount carried at close of period, land	0
Gross amount carried at close of period, building and improvements	105,572
Gross amount carried at close of period, total	105,572
Accumulated depreciation	$ 3,811
Depreciable life	40 years
Office Facilities | Virginia OVA 016
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 54,085
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	$ 5,175
Depreciable life	40 years
Industrial Facilities
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 97,886
Initial cost to company, land	14,880
Initial cost to company, building and improvements	164,424
Cost capitalized subsequent to acquisition	24,252
Gross amount carried at close of period, land	14,400
Gross amount carried at close of period, building and improvements	189,156
Gross amount carried at close of period, total	203,556
Accumulated depreciation	22,833
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	$ 4,540
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	$ 7,228
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	$ 52,410
Initial cost to company, land	1,990
Initial cost to company, building and improvements	56,329
Cost capitalized subsequent to acquisition	23,979
Gross amount carried at close of period, land	1,990
Gross amount carried at close of period, building and improvements	80,308
Gross amount carried at close of period, total	82,298
Accumulated depreciation	$ 4,302
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	$ 7,903
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	$ 1,023
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	$ 7,903
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	$ 1,343
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	$ 29,670
Initial cost to company, land	2,845
Initial cost to company, building and improvements	55,805
Cost capitalized subsequent to acquisition	273
Gross amount carried at close of period, land	2,845
Gross amount carried at close of period, building and improvements	56,078
Gross amount carried at close of period, total	58,923
Accumulated depreciation	$ 4,397
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	420,166
Initial cost to company, building and improvements	8,790
Cost capitalized subsequent to acquisition	102,445
Gross amount carried at close of period, land	543,127
Gross amount carried at close of period, building and improvements	(11,726)
Gross amount carried at close of period, total	531,401
Accumulated depreciation	$ 9,908
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	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 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	28,464
Initial cost to company, building and improvements	2,836
Cost capitalized subsequent to acquisition	(19,517)
Gross amount carried at close of period, land	8,947
Gross amount carried at close of period, building and improvements	2,836
Gross amount carried at close of period, total	11,783
Accumulated depreciation	$ 2,836
Depreciable life	0 years
Land | Florida 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	26,600
Initial cost to company, building and improvements	0
Cost capitalized subsequent to acquisition	(20,516)
Gross amount carried at close of period, land	26,600
Gross amount carried at close of period, building and improvements	(20,516)
Gross amount carried at close of period, total	6,084
Accumulated depreciation	$ 5
Depreciable life	0 years
Land | Illinois 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	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 006
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	39,736
Gross amount carried at close of period, land	83,036
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	83,036
Accumulated depreciation	$ 1,123
Depreciable life	0 years
Land | New Jersey LNJ 007
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	106,934
Gross amount carried at close of period, land	110,926
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	110,926
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | New Jersey LNJ 008
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	2,206
Gross amount carried at close of period, land	2,317
Gross amount carried at close of period, building and improvements	5,954
Gross amount carried at close of period, total	8,271
Accumulated depreciation	$ 0
Depreciable life	0 years
Land | New York LNY 009
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 010
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 011
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 012
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	35,137
Gross amount carried at close of period, land	107,275
Gross amount carried at close of period, building and improvements	0
Gross amount carried at close of period, total	107,275
Accumulated depreciation	$ 5,944
Depreciable life	0 years
Entertainment
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 105,636
Initial cost to company, land	96,624
Initial cost to company, building and improvements	242,951
Cost capitalized subsequent to acquisition	106,431
Gross amount carried at close of period, land	93,917
Gross amount carried at close of period, building and improvements	352,089
Gross amount carried at close of period, total	446,006
Accumulated depreciation	101,061
Entertainment | Alabama EAL 001
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	1,618
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	$ 288
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	$ 1,293
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	$ 195
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	$ 2,281
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	$ 314
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	$ 4,801
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	$ 412
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	$ 1,448
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	$ 190
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	$ 1,694
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	$ 204
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	$ 948
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	$ 114
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	$ 2,552
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	$ 554
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	$ 1,578
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	$ 244
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	$ 1,503
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	$ 228
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	$ 2,754
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	$ 431
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	$ 2,570
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	$ 394
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	$ 1,103
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	$ 263
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	$ 7,303
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	28,817
Gross amount carried at close of period, land	0
Gross amount carried at close of period, building and improvements	30,770
Gross amount carried at close of period, total	30,770
Accumulated depreciation	$ 8,201
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	$ 1,578
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	$ 235
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	$ 2,074
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	$ 294
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	$ 1,596
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	$ 222
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	$ 1,087
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	$ 120
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	$ 1,513
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	$ 187
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	$ 5,458
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	$ 576
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	$ 1,601
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	$ 223
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	$ 1,038
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	$ 198
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	$ 1,139
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	$ 171
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	$ 24,456
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	$ 5,852
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	$ 1,222
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	$ 52
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	$ 1,287
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	$ 198
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	2,591
Gross amount carried at close of period, land	4,200
Gross amount carried at close of period, building and improvements	20,863
Gross amount carried at close of period, total	25,063
Accumulated depreciation	$ 7,240
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	3,863
Gross amount carried at close of period, land	0
Gross amount carried at close of period, building and improvements	23,200
Gross amount carried at close of period, total	23,200
Accumulated depreciation	$ 7,659
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	$ 1,885
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	$ 378
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	$ 4,484
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	$ 500
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	$ 1,412
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	$ 158
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	$ 2,043
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	$ 170
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	$ 1,215
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	$ 110
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	$ 2,283
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	$ 100
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	$ 2,022
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	$ 53
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	$ 2,990
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	$ 524
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	$ 1,627
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	$ 397
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	33,479
Gross amount carried at close of period, land	8,803
Gross amount carried at close of period, building and improvements	33,536
Gross amount carried at close of period, total	42,339
Accumulated depreciation	$ 10,166
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	$ 1,050
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	$ 79
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	$ 1,163
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	$ 161
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	$ 1,188
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	$ 109
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	$ 2,863
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	$ 481
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	$ 1,058
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	$ 121
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	$ 1,720
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	$ 397
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	$ 949
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	$ 107
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	$ 603
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	$ 83
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	$ 1,135
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	$ 200
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	$ 1,653
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	$ 207
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	$ 1,286
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	$ 161
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	$ 2,542
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	$ 417
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	$ 2,534
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	$ 300
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	$ 6,877
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	$ 2,589
Initial cost to company, land	1,496
Initial cost to company, building and improvements	2,117
Cost capitalized subsequent to acquisition	0
Gross amount carried at close of period, land	1,496
Gross amount carried at close of period, building and improvements	2,117
Gross amount carried at close of period, total	3,613
Accumulated depreciation	$ 277
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	$ 2,591
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	$ 384
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	$ 4,830
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	$ 2,818
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	$ 378
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	$ 1,326
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	$ 153
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	798
Gross amount carried at close of period, land	750
Gross amount carried at close of period, building and improvements	11,468
Gross amount carried at close of period, total	12,218
Accumulated depreciation	$ 868
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	$ 1,542
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	$ 205
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	$ 1,413
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	$ 252
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	$ 169
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	$ 921
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	$ 79
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	$ 801
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	$ 113
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	$ 1,135
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	$ 97
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	$ 926
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	$ 48
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	$ 2,062
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	$ 241
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	$ 2,071
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	$ 447
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	$ 3,246
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	19,478
Initial cost to company, building and improvements	32,058
Cost capitalized subsequent to acquisition	25,838
Gross amount carried at close of period, land	19,340
Gross amount carried at close of period, building and improvements	58,034
Gross amount carried at close of period, total	77,374
Accumulated depreciation	21,240
Retail | Colorado RCO 001
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Initial cost to company, land	2,631
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	$ 1,860
Depreciable life	40 years
Retail | Florida RFL 002
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	$ 3,674
Depreciable life	40 years
Retail | Hawaii RHI 003
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	3,393
Initial cost to company, building and improvements	21,155
Cost capitalized subsequent to acquisition	(7,132)
Gross amount carried at close of period, land	3,393
Gross amount carried at close of period, building and improvements	14,023
Gross amount carried at close of period, total	17,416
Accumulated depreciation	$ 4,546
Depreciable life	40 years
Retail | Illinois RIL 004
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	2,275
Gross amount carried at close of period, land	0
Gross amount carried at close of period, building and improvements	2,611
Gross amount carried at close of period, total	2,611
Accumulated depreciation	$ 1,460
Depreciable life	40 years
Retail | New Mexico RNM 005
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	$ 3,235
Depreciable life	40 years
Retail | New York RNY 006
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	$ 2,859
Depreciable life	40 years
Retail | Texas RTX 007
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	$ 1,499
Depreciable life	40 years
Retail | Utah RUT 008
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Initial cost to company, land	3,502
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	$ 2,107
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	(23,202)
Gross amount carried at close of period, land	7,651
Gross amount carried at close of period, building and improvements	74,412
Gross amount carried at close of period, total	82,063
Accumulated depreciation	15,060
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	3,896
Gross amount carried at close of period, land	297
Gross amount carried at close of period, building and improvements	22,195
Gross amount carried at close of period, total	22,492
Accumulated depreciation	$ 1,850
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	10
Gross amount carried at close of period, land	120
Gross amount carried at close of period, building and improvements	6,558
Gross amount carried at close of period, total	6,678
Accumulated depreciation	$ 246
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	4,052
Gross amount carried at close of period, land	3,815
Gross amount carried at close of period, building and improvements	44,246
Gross amount carried at close of period, total	48,061
Accumulated depreciation	$ 8,433
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	(161,416)
Gross amount carried at close of period, land	1,012
Gross amount carried at close of period, building and improvements	3,899
Gross amount carried at close of period, total	4,911
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	(50,315)
Gross amount carried at close of period, land	15
Gross amount carried at close of period, building and improvements	60
Gross amount carried at close of period, total	75
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	(10,171)
Gross amount carried at close of period, land	928
Gross amount carried at close of period, building and improvements	3,714
Gross amount carried at close of period, total	4,642
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	(100,930)
Gross amount carried at close of period, land	69
Gross amount carried at close of period, building and improvements	125
Gross amount carried at close of period, total	194
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	630
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	$ 630
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	$ 10,500
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, 2020	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at January 1	$ 2,364,413	$ 2,710,512	$ 2,577,195
Improvements and additions	53,906	134,035	203,124
Acquisitions through foreclosure	0	0	4,600
Other acquisitions	0	231,436	762,207
Dispositions	(209,532)	(464,648)	(656,900)
Other	0	(236,545)	0
Impairments	(5,790)	(10,377)	(179,714)
Balance at December 31	$ 2,202,997	$ 2,364,413	$ 2,710,512

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, 2020	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Balance at January 1	$ (247,998)	$ (318,724)	$ (366,265)
Additions	(44,270)	(45,615)	(48,376)
Other	0	44,200	0
Dispositions	9,427	72,141	95,917
Balance at December 31	$ (282,841)	$ (247,998)	$ (318,724)

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, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 498,729
Carrying amount of mortgages	496,553	$ 561,761	$ 730,515	$ 752,129
Reserves on impaired loans	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	83,579
Carrying amount of mortgages	$ 83,846
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	58,161
Carrying amount of mortgages	$ 58,070
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	61,805
Carrying amount of mortgages	$ 61,740
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)	6.00%
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)	6.00%
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	53,055
Carrying amount of mortgages	$ 53,033
Borrower D | 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 D | 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 E
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Prior Liens	$ 0
Face Amount of Mortgages	52,552
Carrying amount of mortgages	$ 52,563
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)	6.75%
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)	6.75%
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	51,705
Carrying amount of mortgages	$ 51,629
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)	4.75%
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)	4.75%
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	42,501
Carrying amount of mortgages	$ 42,501
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)	4.50%
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)	4.50%
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	24,585
Carrying amount of mortgages	$ 24,610
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)	5.25%
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)	5.25%
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	22,500
Carrying amount of mortgages	$ 20,115
Borrower I | 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)	2.65%
Borrower I | 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)	2.65%
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	20,955
Carrying amount of mortgages	$ 20,999
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)	5.25%
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)	5.25%
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	$ 15,694
Carrying amount of mortgages	$ 15,807
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 | 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 | 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
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 487,092
Carrying amount of mortgages	484,913
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	11,637
Carrying amount of mortgages	$ 11,640
Subordinate 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)	6.80%
Subordinate 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)	6.80%
Subordinate mortgages
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Face Amount of Mortgages	$ 11,637
Carrying amount of mortgages	$ 11,640

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, 2020	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at January 1	$ 561,761	$ 730,515	$ 752,129
Additions:
New mortgage loans	19,975	11,667	381,133
Additions under existing mortgage loans	72,574	164,120	157,702
Other	25,867	25,740	25,778
Deductions:
Collections of principal	(178,662)	(355,769)	(501,466)
Provision for loan losses	(4,930)	(493)	(45)
Transfers to real estate and equity investments	0	(13,987)	(84,684)
Amortization of premium	(32)	(32)	(32)
Balance at December 31	496,553	561,761	$ 730,515
Charge offs	$ 25,900	$ 19,200