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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 3 Months Ended
Mar. 31, 2018
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 months ended March 31, 2018 and condensed balance sheet information of the Company’s unconsolidated joint ventures as of March 31, 2018 are as follows:
 
 
Three Months Ended March 31,
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
24,677

 
$
26,407

 
$
887

 
$
1,502

 
$
532

 
$
901

Five West Parcel, LLC
697

 
716

 
191

 
269

 
96

 
134

18-19 West, LLC
3

 
3

 
(27
)
 
(24
)
 
(13
)
 
(13
)
TRCC/Rock Outlet Center, LLC1
1,475

 
2,549

 
(1,095
)
 
(1,009
)
 
(548
)
 
(505
)
TRC-MRC 1, LLC
—

 
—

 
(1
)
 
(2
)
 
(1
)
 
(1
)
TRC-MRC 2, LLC2
978

 
935

 
202

 
(575
)
 
101

 
(288
)
 
$
27,830

 
$
30,610

 
$
157

 
$
161

 
$
167

 
$
228

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
87

 
$
1

 
$
(18
)
 
$
(110
)
 
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 March 31, 2018 and 2017, respectively.
(2) Earnings for TRC-MRC 2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $0.2 million and $1.0 million as of March 31, 2018 and 2017, respectively.

 
March 31, 2018
 
December 31, 2017
 
Joint Venture
TRC
 
Joint Venture
TRC
($ in thousands)
Assets
Debt
Equity
Equity
 
Assets
Debt
Equity
Equity
Petro Travel Plaza Holdings, LLC
$
68,283

$
(15,280
)
$
50,592

$
17,955

 
$
67,435

$
(15,280
)
$
49,705

$
17,422

Five West Parcel, LLC
15,922

(9,577
)
6,163

2,897

 
15,738

(9,711
)
5,972

2,802

18-19 West, LLC
4,683

—

4,678

1,769

 
4,704

—

4,704

1,782

TRCC/Rock Outlet Center, LLC
80,221

(48,284
)
31,081

7,477

 
81,610

(48,769
)
32,177

8,025

TRC-MRC 1, LLC
25,652

(21,080
)
4,540

—

 
25,380

(19,433
)
4,541

—

TRC-MRC 2, LLC
20,323

(21,080
)
(1,153
)
—

 
20,336

(21,080
)
(992
)
—

Total
$
215,084

$
(115,301
)
$
95,901

$
30,098

 
$
215,203

$
(114,273
)
$
96,107

$
30,031

 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
90,002

—

89,569

***

 
89,721

—

88,862

***

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