INVESTMENT IN UNCONSOLIDATED AND CONSOLIDATED JOINT VENTURES (Tables)

12 Months Ended

Dec. 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

Condensed balance sheet information and statement of operations of the Company’s unconsolidated joint ventures are as follows:

Balance Sheet Information as of December 31:

	Joint Venture												TRC
	Assets				Borrowings				Equity (Deficit)				Investment In
	2022		2021		2022		2021		2022		2021		2022		2021
Petro Travel Plaza Holdings LLC	$	84,225	$	78,064	$	(13,318)	$	(14,848)	$	63,069	$	58,859	$	25,441	$	22,915
18-19 West, LLC1	—		14,965		—		—		—		14,895		—		6,877
TRCC/Rock Outlet Center, LLC	59,196		61,927		(27,707)		(28,783)		30,684		32,323		7,279		8,098
TRC-MRC 1, LLC	24,085		24,964		(22,787)		(23,400)		1,042		1,209		—		—
TRC-MRC 2, LLC	18,398		20,497		(22,612)		(23,255)		(3,939)		(5,657)		—		—
TRC-MRC 3, LLC	36,608		37,579		(34,494)		(35,324)		2,690		(914)		386		859
TRC-MRC 4, LLC	50,497		25,671		(40,130)		(16,307)		8,974		9,319		4,485		4,669
TRC-MRC 5, LLC	8,602		—		—		—		—		—		4,300		—
Total	$	281,611	$	263,667	$	(161,048)	$	(141,917)	$	102,520	$	110,034	$	41,891	$	43,418
Centennial Founders, LLC	$	102,984	$	101,178	$	—	$	—	$	102,689	$	100,261	Consolidated
1Comprised of cash received from sale of land.

Condensed Statement of Operations Information as of December 31:

	Joint Venture												TRC
	Revenues						Earnings (Loss)						Equity in Earnings (Loss)
	2022		2021		2020		2022		2021		2020		2022		2021		2020
Petro Travel Plaza Holdings LLC	$	182,335	$	137,090	$	86,331	$	14,210	$	8,262	$	9,536	$	8,526	$	4,957	$	5,722
Five West Parcel, LLC	—		—		—		—		—		(6)		—		—		(2)
18-19 West, LLC	—		15,472		6		(63)		10,411		(136)		(31)		5,206		(68)
TRCC/Rock Outlet Center, LLC1	6,065		5,642		5,495		(3,139)		(2,885)		(4,180)		(1,569)		(1,443)		(2,090)
TRC-MRC 1, LLC	3,269		3,237		3,123		43		(15)		129		21		(7)		64
TRC-MRC 2, LLC	4,085		4,024		4,087		1,384		1,268		1,357		692		634		678
TRC-MRC 3, LLC	4,125		3,729		4,032		594		(288)		399		297		(144)		200
TRC-MRC 4, LLC	595		—		—		(367)		(1)		—		(184)		(1)		—
	$	200,474	$	169,194	$	103,074	$	12,662	$	16,752	$	7,099	$	7,752	$	9,202	$	4,504
Centennial Founders, LLC	$	594	$	409	$	419	$	28	$	(80)	$	(103)	Consolidated
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.2 million, $1.2 million and $1.3 million for the years ended December 31, 2022, 2021 and 2020, respectively.