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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 9 Months Ended
Sep. 30, 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 for the three and nine months ended September 30 and condensed balance sheet information of the Company’s unconsolidated joint ventures as of September 30 are as follow:
 
Three Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
31,983

 
$
28,225

 
$
3,267

 
$
3,938

 
$
1,960

 
$
2,363

Five West Parcel, LLC
703

 
701

 
222

 
234

 
111

 
117

18-19 West, LLC
3

 
3

 
(25
)
 
(32
)
 
(12
)
 
(17
)
TRCC/Rock Outlet Center, LLC1
2,012

 
2,275

 
(61
)
 
(58
)
 
(30
)
 
(29
)
TRC-MRC 1, LLC
—

 
—

 
—

 
—

 
—

 
—

TRC-MRC 2, LLC2
935

 
228

 
(609
)
 
(163
)
 
(305
)
 
(81
)
 
$
35,636

 
$
31,432

 
$
2,794

 
$
3,919

 
$
1,724

 
$
2,353

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
179

 
$
36

 
$
9

 
$
(57
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.4 million and $0.5 million as of the quarters ended September 30, 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 and $0.3 million as of the quarters ended September 30, 2017 and 2016, respectively. A majority of these non-cash costs are expected to be amortized by the end of FY2017.
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
89,215

 
$
76,277

 
$
7,790

 
$
9,067

 
$
4,674

 
$
5,440

Five West Parcel, LLC
2,121

 
2,185

 
722

 
783

 
361

 
392

18-19 West, LLC
8

 
7

 
(79
)
 
(104
)
 
(39
)
 
(53
)
TRCC/Rock Outlet Center, LLC1
7,287

 
7,030

 
(1,152
)
 
(95
)
 
(576
)
 
(48
)
TRC-MRC 1, LLC
—

 
—

 
(2
)
 
—

 
(1
)
 
—

TRC-MRC 2, LLC2
2,775

 
228

 
(1,813
)
 
(163
)
 
(907
)
 
(81
)
 
$
101,406

 
$
85,727

 
$
5,466

 
$
9,488

 
$
3,512

 
$
5,650

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
180

 
$
311

 
$
(308
)
 
$
(298
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.4 million and $1.4 million as of September 30, 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 $3.0 million and $0.2 million as of September 30, 2017 and 2016, respectively. A majority of these non-cash costs are expected to be amortized by the end of FY2017.

 
September 30, 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
$
65,177

$
(15,278
)
$
47,077

$
15,846

 
$
68,652

$
(15,275
)
$
51,287

$
18,372

Five West Parcel, LLC
15,845

(9,847
)
5,790

2,710

 
16,614

(10,251
)
6,043

2,837

18-19 West, LLC
4,633

—

4,614

1,733

 
4,623

—

4,621

1,741

TRCC/Rock Outlet Center, LLC
83,570

(49,235
)
33,371

8,622

 
86,056

(50,712
)
34,523

9,198

TRC-MRC 1, LLC
22,861

(16,150
)
4,542

—

 
199

—

199

224

TRC-MRC 2, LLC
21,282

(21,080
)
(108
)
—

 
23,965

(21,080
)
2,592

1,431

Total
$
213,368

$
(111,590
)
$
95,286

$
28,911

 
$
200,109

$
(97,318
)
$
99,265

$
33,803

 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
87,966

—

86,897

***

 
86,099

—

85,281

***

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