Equity Investments in Ground Leases |
12 Months Ended |
|---|---|
Dec. 31, 2019 | |
| Investments, All Other Investments [Abstract] | |
| Equity Investments in Ground Leases | Equity Investments in Ground Leases In August 2019, the Company formed a venture with a sovereign wealth fund that is an existing shareholder of the Company to acquire the existing Ground Lease at 425 Park Avenue in New York City. The Company has a 54.8% noncontrolling equity interest in the new venture and iStar is the manager of the venture. The venture acquired the Ground Lease in November 2019 and during the year ended December 31, 2019, the Company recorded $0.4 million in losses from the venture, reflecting our share of costs attributable to transaction structuring activities, partially offset by rental income from the venture. As of December 31, 2019, the Company's investment in the venture was $127.5 million.
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