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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]  
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures
ondensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of December 31, 2013 and December 31, 2012 and condensed statements of operations for the twelve months ended December 31, 2013 and December 31, 2012 are as follows:
Statement of Operations for the twelve months ending December 31, 2013
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
Petro Travel
Plaza
Holdings
 
Five West Parcel
 
18-19 West
LLC
 
TRCC/Rock Outlet Center
 
Tejon Mountain Village
 
Total
 
Centennial-VIE
Revenues
$
125,084

 
$
3,368

 
$
61

 
$

 
$

 
$
128,513

 
$
935

Net income (loss)
$
6,154

 
$
26

 
$
55

 
$
(470
)
 
$
(119
)
 
$
5,646

 
$
(223
)
Partner’s share of net income (loss)
$
2,462

 
$
13

 
$
28

 
$
(235
)
 
$
(60
)
 
$
2,208

 
$
(62
)
Equity in earnings (losses)
$
3,925

 
$
13

 
$
27

 
$
100

 
$
(59
)
 
$
4,006

 
$

Balance Sheet Information as of December 31, 2013
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
Petro Travel
Plaza
Holdings
 
Five West Parcel
 
18-19 West LLC
 
TRCC/Rock Outlet Center
 
Tejon Mountain Village
 
Total
 
Centennial-VIE
Current assets
$
14,886

 
$
813

 
$
10

 
$
2,428

 
$
99,690

 
$
117,827

 
$
86

Property and equipment, net
43,897

 
16,980

 
4,514

 
24,633

 

 
90,024

 
74,968

Other assets
208

 
438

 

 
2,161

 

 
2,807

 

Long-term debt
(16,602
)
 
(11,000
)
 

 

 

 
(27,602
)
 

Other liabilities
(2,687
)
 
(343
)
 

 
(8,577
)
 
(168
)
 
(11,775
)
 
(204
)
Net assets
$
39,702

 
$
6,888

 
$
4,524

 
$
20,645

 
$
99,522

 
$
171,281

 
$
74,850

Statement of Operations for the twelve months ending December 31, 2012
 
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
 
Petro Travel
Plaza
Holdings
 
Five
West
Parcel
 
18-19
West
 
Tejon Mountain Village
 
Total
 
Centennial
Revenues
 
$
133,962

 
$
2,710

 
$
80

 
$

 
$
136,752

 
$
582

Net income (loss)
 
$
4,857

 
$
(241
)
 
$
72

 
$
(84
)
 
$
4,604

 
$
(530
)
Partner’s share of net income (loss)
 
$
1,943

 
$
(121
)
 
$
36

 
$
(42
)
 
$
1,816

 
$
(158
)
Equity in earnings (losses)
 
$
2,661

 
$
(120
)
 
$
36

 
$
(42
)
 
$
2,535

 
$

Balance Sheet Information as of December 31, 2012
 
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
 
Petro Travel
Plaza
Holdings
 
Five
West
Parcel
 
18-19
West
 
Tejon Mountain Village
 
Total
 
Centennial
Current assets
 
$
9,577

 
$
194

 
$
42

 
$
218

 
$
10,031

 
$
491

Property and equipment, net
 
44,196

 
19,025

 
4,412

 
92,846

 
160,479

 
72,356

Other assets
 
246

 
683

 

 

 
929

 

Long-term debt
 
(17,358
)
 
(11,000
)
 

 

 
(28,358
)
 

Other liabilities
 
(3,350
)
 
(39
)
 
(1
)
 
(224
)
 
(3,614
)
 
(1,099
)
Net assets
 
$
33,311

 
$
8,863

 
$
4,453

 
$
92,840

 
$
139,467

 
$
71,748