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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures
Condensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of December 31, 2014 and December 31, 2013 and condensed statements of operations for the twelve months ended December 31, 2014 and December 31, 2013 are as follows:
Statement of Operations for the twelve months ending December 31, 2014
 
UNCONSOLIDATED
 
CONSOLIDATED
 
 
 
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
$
122,584

 
$
3,635

 
$
60

 
$
5,220

 
$

 
$
131,499

 
$
1,361

Net income (loss)
$
8,229

 
$
442

 
$
15

 
$
328

 
$
(70
)
 
$
8,944

 
$
415

Partner’s share of net income (loss)
$
3,291

 
$
221

 
$
8

 
$
164

 
$
(35
)
 
$
3,649

 
$
107

Equity in earnings (losses)
$
4,937

 
$
221

 
$
7

 
$
164

 
$
(35
)
 
$
5,294

 
$


Balance Sheet Information as of December 31, 2014
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
Petro Travel
Plaza
Holdings
 
Five West Parcel
 
18-19 West LLC
 
TRCC/Rock Outlet Center
 
Total
 
Centennial-VIE
Current assets
$
18,960

 
$
3,834

 
$
5

 
$
2,302

 
$
25,101

 
$
651

Property and equipment, net
48,011

 
14,869

 
4,617

 
66,112

 
133,609

 
77,373

Other assets
181

 
67

 

 
19,624

 
19,872

 


Long-term debt
(15,808
)
 
(11,000
)
 

 
(45,449
)
 
(72,257
)
 


Other liabilities
(3,263
)
 
(440
)
 
(2
)
 
(4,616
)
 
(8,321
)
 
(158
)
Net assets
$
48,081

 
$
7,330

 
$
4,620

 
$
37,973

 
$
98,004

 
$
77,866

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
 
TRCC/Rock Outlet Center
 
Tejon Mountain Village
 
Total
 
Centennial
Revenues
 
$
125,804

 
$
3,368

 
$
61

 
$

 
$

 
$
129,233

 
$
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
 
TRCC/Rock Outlet Center
 
Tejon Mountain Village
 
Total
 
Centennial
Current assets
 
$
14,832

 
$
813

 
$
10

 
$
2,428

 
$

 
$
18,083

 
$
86

Property and equipment, net
 
43,950

 
16,980

 
4,514

 
24,633

 
99,690

 
189,767

 
74,968

Other assets
 
208

 
438

 

 
2,161

 

 
2,807

 

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

 

 

 
(27,602
)
 

Other liabilities
 
(2,536
)
 
(343
)
 

 
(8,577
)
 
(168
)
 
(11,624
)
 
(204
)
Net assets
 
$
39,852

 
$
6,888

 
$
4,524

 
$
20,645

 
$
99,522

 
$
171,431

 
$
74,850