Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012		Dec. 31, 2011
ASSETS
Loans and other lending investments, net	$ 2,300,810		$ 2,860,762
Net lease assets, net	1,550,113		1,702,764
Real estate held for investment, net	1,249,681		1,228,134
Other real estate owned	722,167		677,458
Other investments	427,501		457,835
Cash and cash equivalents	243,843		356,826
Restricted cash (see Note 10)	492,973		32,630
Accrued interest and operating lease income receivable, net	15,055		20,208
Deferred operating lease income receivable	78,769		73,368
Deferred expenses and other assets, net	105,300		107,852
Total assets	7,186,212		7,517,837
Liabilities:
Accounts payable, accrued expenses and other liabilities	111,494		106,693
Debt obligations, net	5,603,939	[1]	5,837,540
Total liabilities	5,715,433		5,944,233
Commitments and contingencies	0		0
iStar Financial Inc. shareholders' equity:
Preferred Stock Series D, E, F, G and I, liquidation preference $25.00 per share (see Note 12)	22		22
High Performance Units	9,800		9,800
Common Stock, $0.001 par value, 200,000 shares authorized, 142,527 issued and 83,610 outstanding at June 30, 2012 and 140,028 issued and 81,920 outstanding at December 31, 2011	142		140
Additional paid-in capital	3,828,187		3,834,460
Retained earnings (deficit)	(2,196,038)		(2,078,397)
Accumulated other comprehensive income (loss) (see Note 12)	(707)		(328)
Treasury stock, at cost, $0.001 par value, 58,917 shares at June 30, 2012 and 58,108 shares at December 31, 2011	(241,969)		(237,341)
Total iStar Financial Inc. shareholders' equity	1,399,437		1,528,356
Noncontrolling interests	71,342		45,248
Total equity	1,470,779		1,573,604
Total liabilities and equity	$ 7,186,212		$ 7,517,837

[1] All of the Company's non-accrual loans are considered impaired and included in the table above. In addition, as of June 30, 2012 and December 31, 2011, certain loans modified through troubled debt restructurings with a recorded investment of $205.5 million and $255.3 million, respectively, are also included as impaired loans in accordance with GAAP although they are performing and on accrual status.