INVESTMENT IN UNCONSOLIDATED AND CONSOLIDATED JOINT VENTURES (Tables)

3 Months Ended

Mar. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Schedule of 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, 2022 and condensed balance sheet information of the Company’s unconsolidated joint ventures as of March 31, 2022 and December 31, 2021 are as follows:

	Three Months Ended March 31,
	2022		2021		2022		2021		2022		2021
	Joint Venture								TRC
($ in thousands)	Revenues				Earnings (Loss)				Equity in Earnings (Loss)
Petro Travel Plaza Holdings, LLC	$	38,328	$	23,821	$	1,934	$	243	$	1,161	$	146
Five West Parcel, LLC	—		—		—		—		—		—
18-19 West, LLC	—		2		—		(35)		—		(17)
TRCC/Rock Outlet Center, LLC1	1,564		1,275		(414)		(689)		(207)		(344)
TRC-MRC 1, LLC	839		847		19		87		9		43
TRC-MRC 2, LLC	1,025		1,015		344		336		172		168
TRC-MRC 3, LLC	1,018		971		158		(109)		79		(55)
TRC-MRC 4, LLC	—		—		(1)		—		(1)		—
Total	$	42,774	$	27,931	$	2,040	$	(167)	$	1,213	$	(59)
Centennial Founders, LLC	$	121	$	129	$	97	$	111	Consolidated
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.3 million and $0.3 million as of the three months ended March 31, 2022 and March 31, 2021, respectively.

	March 31, 2022								December 31, 2021
	Joint Venture						TRC		Joint Venture						TRC
($ in thousands)	Assets		Debt		Equity		Equity		Assets		Debt		Equity		Equity
Petro Travel Plaza Holdings, LLC	$	81,767	$	(14,657)	$	60,794	$	24,076	$	78,064	$	(14,848)	$	58,859	$	22,915
18-19 West, LLC	430		—		430		—		14,965		—		14,895		6,877
TRCC/Rock Outlet Center, LLC	61,445		(28,516)		31,909		7,891		61,927		(28,783)		32,323		8,098
TRC-MRC 1, LLC	24,892		(23,250)		1,018		—		24,964		(23,400)		1,209		—
TRC-MRC 2, LLC	20,800		(23,097)		(3,926)		—		20,497		(23,255)		(5,657)		—
TRC-MRC 3, LLC	37,306		(35,120)		847		713		37,579		(35,324)		(914)		859
TRC-MRC 4, LLC	33,424		(24,039)		9,340		4,668		25,671		(16,307)		9,319		4,669
Total	$	260,064	$	(148,679)	$	100,412	$	37,348	$	263,667	$	(141,917)	$	110,034	$	43,418
Centennial Founders, LLC	$	101,789	$	—	$	101,408	***		$	101,178	$	—	$	100,261	***
*** Centennial Founders, LLC is consolidated within the Company's financial statements.