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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019 and condensed balance sheet information of the Company’s unconsolidated joint ventures as of March 31, 2019 are as follows:
 
Three Months Ended March 31,
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
25,406

 
$
24,677

 
$
1,870

 
$
887

 
$
1,122

 
$
532

Five West Parcel, LLC
684

 
697

 
171

 
191

 
86

 
96

18-19 West, LLC
3

 
3

 
(28
)
 
(27
)
 
(14
)
 
(13
)
TRCC/Rock Outlet Center, LLC1
1,898

 
1,475

 
(785
)
 
(1,095
)
 
(393
)
 
(548
)
TRC-MRC 1, LLC
736

 
—

 
(5
)
 
(1
)
 
(2
)
 
(1
)
TRC-MRC 2, LLC2
984

 
978

 
154

 
202

 
77

 
101

Total
$
29,711

 
$
27,830

 
$
1,377

 
$
157

 
$
876

 
$
167

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
122

 
$
87

 
$
64

 
$
(18
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.5 million and $0.4 million as of March 31, 2019 and 2018, 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 as of both of March 31, 2019 and 2018.

 
March 31, 2019
 
December 31, 2018
 
Joint Venture
TRC
 
Joint Venture
TRC
($ in thousands)
Assets
Debt
Equity
Equity
 
Assets
Debt
Equity
Equity
Petro Travel Plaza Holdings, LLC
$
70,441

$
(15,284
)
$
53,247

$
19,548

 
$
69,096

$
(15,283
)
$
51,377

$
18,426

Five West Parcel, LLC
15,125

(9,038
)
5,922

2,777

 
15,157

(9,173
)
5,751

2,691

18-19 West, LLC
4,632

—

4,626

1,769

 
4,654

—

4,654

1,783

TRCC/Rock Outlet Center, LLC
74,062

(46,341
)
26,746

5,309

 
75,194

(46,826
)
27,531

5,702

TRC-MRC 1, LLC
29,629

(24,943
)
3,998

—

 
29,692

(25,030
)
4,018

—

TRC-MRC 2, LLC
20,358

(24,877
)
(6,281
)
—

 
20,362

(25,014
)
(5,763
)
—

TRC-MRC 3, LLC
$
3,866

$
—

$
200

$
100

 
$
—

$
—

$
—

$
—

Total
$
218,113

$
(120,483
)
$
88,458

$
29,503

 
$
214,155

$
(121,326
)
$
87,568

$
28,602

 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
94,397

$
—

$
94,002

***

 
$
93,840

$
—

$
93,188

***

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