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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2016
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 and statement of operations of the Company’s unconsolidated joint ventures are as follows:
Balance Sheet Information as of December 31:
 
Joint Venture
 
TRC
 
Assets
 
Borrowings
 
Equity
 
Investment In
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Petro Travel Plaza Holdings, LLC
$
68,652

 
$
64,484

 
$
(15,275
)
 
$
(14,914
)
 
$
51,287

 
$
46,710

 
$
18,372

 
$
15,626

Five West Parcel, LLC
16,614

 
17,278

 
(10,251
)
 
(10,725
)
 
6,043

 
6,213

 
2,837

 
2,922

18-19 West, LLC
4,623

 
4,640

 

 

 
4,621

 
4,640

 
1,741

 
1,750

TRCC/Rock Outlet Center, LLC
86,056

 
89,289

 
(50,712
)
 
(51,557
)
 
34,523

 
36,891

 
9,198

 
10,382

TRC-MRC 1, LLC
199

 

 

 

 
199

 

 
224

 

TRC-MRC 2, LLC
23,965

 

 
(21,080
)
 

 
2,592

 

 
1,431

 

Total
$
200,109

 
$
175,691

 
$
(97,318
)
 
$
(77,196
)
 
$
99,265

 
$
94,454

 
$
33,803

 
$
30,680

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
86,099

 
$
81,981

 
$

 
$

 
$
85,281

 
$
81,227

 
Consolidated
Condensed Statement of Operations Information as of December 31:
 
Joint Venture
 
TRC
 
Revenues
 
Earnings(Loss)
 
Equity in Earnings (Loss)
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Petro Travel Plaza Holdings, LLC
$
114,947

 
$
115,776

 
$
122,584

 
$
12,077

 
$
10,629

 
$
8,229

 
$
7,246

 
$
6,377

 
$
4,937

Five West Parcel, LLC
2,887

 
3,408

 
3,635

 
1,029

 
1,084

 
442

 
515

 
$
542

 
$
221

18-19 West, LLC
10

 
20

 
60

 
(129
)
 
(108
)
 
15

 
(65
)
 
$
(54
)
 
$
7

TRCC/Rock Outlet Center, LLC1
9,542

 
8,988

 
5,220

 
(367
)
 
(1,082
)
 
328

 
(184
)
 
$
(541
)
 
$
164

TRC-MRC 1, LLC

 

 

 

 

 

 

 
$

 
$

TRC-MRC 2, LLC2
1,178

 

 

 
(828
)
 

 

 
(414
)
 

 

Tejon Mountain Village, LLC

 

 

 

 

 
(70
)
 

 

 
(35
)
 
$
128,564

 
$
128,192

 
$
131,499

 
$
11,782

 
$
10,523

 
$
8,944

 
$
7,098

 
$
6,324

 
$
5,294

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
520

 
$
749

 
$
1,361

 
$
(246
)
 
$
(140
)
 
$
415

 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.9 million, $2.1 million, and $0.7 million as of December 31, 2016, 2015, and 2014, respectively.
(2)Earnings for TRC-MRC 2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $1.2 million that will be amortized over the remaining lease period.