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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 2018 and condensed balance sheet information of the Company’s unconsolidated joint ventures as of September 30, 2018 are as follows:
 
Three Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
33,260

 
$
31,983

 
$
3,531

 
$
3,267

 
$
2,119

 
$
1,960

Five West Parcel, LLC
662

 
703

 
180

 
222

 
90

 
111

18-19 West, LLC
4

 
3

 
(24
)
 
(25
)
 
(12
)
 
(12
)
TRCC/Rock Outlet Center, LLC1
1,455

 
2,012

 
(958
)
 
(61
)
 
(479
)
 
(30
)
TRC-MRC 1, LLC
417

 
—

 
(324
)
 
—

 
(162
)
 
—

TRC-MRC 2, LLC2
1,044

 
935

 
74

 
(609
)
 
36

 
(305
)
 
$
36,842

 
$
35,636

 
$
2,479

 
$
2,794

 
$
1,592

 
$
1,724

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
199

 
$
179

 
$
(12
)
 
$
9

 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.4 million and $0.4 million as of September 30, 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 September 30, 2018 and 2017, respectively.
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
88,321

 
$
89,215

 
$
6,375

 
$
7,790

 
$
3,825

 
$
4,674

Five West Parcel, LLC
2,057

 
2,121

 
597

 
722

 
298

 
361

18-19 West, LLC
10

 
8

 
(77
)
 
(79
)
 
(38
)
 
(39
)
TRCC/Rock Outlet Center, LLC1
4,962

 
7,287

 
(3,312
)
 
(1,152
)
 
(1,656
)
 
(576
)
TRC-MRC 1, LLC
556

 
—

 
(426
)
 
(2
)
 
(213
)
 
(1
)
TRC-MRC 2, LLC2
3,001

 
2,775

 
391

 
(1,813
)
 
195

 
(907
)
 
$
98,907

 
$
101,406

 
$
3,548

 
$
5,466

 
$
2,411

 
$
3,512

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
210

 
$
180

 
$
(224
)
 
$
(308
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.2 million and $1.4 million as of September 30, 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 $0.6 million and $3.0 million as of September 30, 2018 and 2017, respectively.

 
September 30, 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
$
66,317

$
(15,282
)
$
48,079

$
16,447

 
$
67,435

$
(15,280
)
$
49,705

$
17,422

Five West Parcel, LLC
16,273

(9,307
)
6,569

3,100

 
15,738

(9,711
)
5,972

2,802

18-19 West, LLC
4,633

—

4,627

1,744

 
4,704

—

4,704

1,782

TRCC/Rock Outlet Center, LLC
76,954

(47,312
)
28,865

6,369

 
81,610

(48,769
)
32,177

8,025

TRC-MRC 1, LLC
26,586

(21,963
)
4,115

—

 
25,380

(19,433
)
4,541

—

TRC-MRC 2, LLC
21,432

(25,150
)
(4,243
)
—

 
20,336

(21,080
)
(992
)
—

Total
$
212,195

$
(119,014
)
$
88,012

$
27,660

 
$
215,203

$
(114,273
)
$
96,107

$
30,031

 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
92,158

$
—

$
91,763

***

 
$
89,721

$
—

$
88,862

***

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