The Company’s investment balance in its unconsolidated joint ventures differs from its capital accounts in the respective joint ventures. The differential represents the difference between the cost basis of assets contributed by the Company and the agreed-upon contribution value of the assets contributed.

Unaudited condensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of June 30, 2013 and December 31, 2012 and condensed statements of operations for the six months ended June 30, 2013 and June 30, 2012 are as follows:



($ in thousands)	UNCONSOLIDATED																	CONSOLIDATED
Statement of Operations for the six months ended June 30, 2013	Petro Travel Plaza Holdings			Five West Parcel			Tejon Mountain Village			18-19 West		TRCC/Rock Outlet Center			Total			Centennial-VIE
Gross revenues	$	55,364		$	1,673		$	—		$	31	$	—		$	57,068		$	314
Net income (loss)	$	2,394		$	47		$	(83	)	$	25	$	(176	)	$	2,207		$	(232	)
Partner’s share of net income (loss)	$	958		$	23		$	(42	)	$	12	$	(88	)	$	863		$	(66	)
Equity in income (losses)	$	1,436		$	24		$	(41	)	$	13	$	247		$	1,679		$	—
Balance Sheet Information as of June 30, 2013
Current assets	$	11,256		$	1,214		$	255		$	30	$	9,381		$	22,136		$	142
Property and equipment, net	43,907			18,111			95,772			4,449		12,858			175,097			74,074
Other assets	227			651			—			—		—			878			—
Long-term debt	(16,988		)	(11,000		)	—			—		—			(27,988		)	—
Other liabilities	(2,309		)	(67		)	(520		)	—		(1,300		)	(4,196		)	(1,024		)
Net assets	$	36,093		$	8,909		$	95,507		$	4,479	$	20,939		$	165,927		$	73,192



($ in thousands)	UNCONSOLIDATED															CONSOLIDATED
Statement of Operations for the six months ended June 30, 2012	Petro Travel Plaza Holdings			Five West Parcel			Tejon Mountain Village			18-19 West			Total			Centennial-VIE
Gross revenues	$	59,001		$	975		$	—		$	53		$	60,029		$	135
Net income (loss)	$	1,540		$	(282	)	$	(47	)	$	46		$	1,257		$	(160	)
Partner’s share of net income (loss)	$	616		$	(141	)	$	(24	)	$	23		$	474		$	(50	)
Equity in income (losses)	$	675		$	(141	)	$	(23	)	$	23		$	534		$	(110	)
Balance Sheet Information as of December 31, 2012
Current assets	$	9,577		$	194		$	218		$	42		$	10,031		$	491
Property and equipment, net	44,196			19,025			92,846			4,412			160,479			72,356
Other assets	246			683			—			—			929			—
Long-term debt	(17,358		)	(11,000		)	—			—			(28,358		)	—
Other liabilities	(3,350		)	(39		)	(224		)	(1		)	(3,614		)	(1,099		)
Net assets	$	33,311		$	8,863		$	92,840		$	4,453		$	139,467		$	71,748