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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 3 Months Ended
Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures
Unaudited condensed statement of operations and condensed balance sheet information of the Company’s unconsolidated joint ventures as of March 31, 2017 are as follows:
 
Joint Venture
 
TRC
 
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
($ in thousands)
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Petro Travel Plaza Holdings, LLC
$
26,407

 
$
23,954

 
$
1,502

 
$
2,291

 
$
901

 
$
1,375

Five West Parcel, LLC
716

 
790

 
269

 
328

 
134

 
164

18-19 West, LLC
3

 
2

 
(24
)
 
(43
)
 
(13
)
 
(22
)
TRCC/Rock Outlet Center, LLC1
2,549

 
2,300

 
(1,009
)
 
(124
)
 
(505
)
 
(62
)
TRC-MRC 1, LLC
—

 
—

 
(2
)
 
—

 
(1
)
 
—

TRC-MRC 2, LLC2
935

 
—

 
(575
)
 
—

 
(288
)
 
—

 
$
30,610

 
$
27,046

 
$
161

 
$
2,452

 
$
228

 
$
1,455

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
1

 
$
36

 
$
(110
)
 
$
(57
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.5 million and $0.5 million as of March 31, 2017 and 2016, respectively.
(2)Earnings for TRC-MRC 2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $1.0 million that will be amortized over the remaining lease period.

 
March 31, 2017
 
December 31, 2016
 
Joint Venture
TRC
 
Joint Venture
TRC
($ in thousands)
Assets
Debt
Equity
Equity
 
Assets
Debt
Equity
Equity
Petro Travel Plaza Holdings, LLC
$
69,921

$
(15,276
)
$
52,789

$
19,273

 
$
68,652

$
(15,275
)
$
51,287

$
18,372

Five West Parcel, LLC
16,641

(10,116
)
6,305

2,968

 
16,614

(10,251
)
6,043

2,837

18-19 West, LLC
4,623

—

4,617

1,749

 
4,623

—

4,621

1,741

TRCC/Rock Outlet Center, LLC
84,903

(50,227
)
33,514

8,694

 
86,056

(50,712
)
34,523

9,198

TRC-MRC 1, LLC
5,972

(269
)
4,102

—

 
199

—

199

224

TRC-MRC 2, LLC
23,218

(21,080
)
1,838

1,008

 
23,965

(21,080
)
2,592

1,431

Total
$
205,278

$
(96,968
)
$
103,165

$
33,692

 
$
200,109

$
(97,318
)
$
99,265

$
33,803

 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
86,568

$
—

$
86,071

***
 
$
86,099

$
—

$
85,281

***
 
 
 
 
 
 
 
 
 
 
*** Centennial Founders, LLC is consolidated within the Company's financial statements