INVESTMENT IN UNCONSOLIDATED AND CONSOLIDATED JOINT VENTURES (Tables)

12 Months Ended

Dec. 31, 2023

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
	2023		2022		2023		2022		2023		2022		2023		2022
Petro Travel Plaza Holdings LLC	$	72,633	$	84,225	$	(12,556)	$	(13,318)	$	52,950	$	63,069	$	19,370	$	25,441
TRCC/Rock Outlet Center, LLC	58,040		59,196		(20,850)		(27,707)		35,535		30,684		9,943		7,279
TRC-MRC 1, LLC	25,224		24,085		(22,144)		(22,787)		1,684		1,042		—		—
TRC-MRC 2, LLC	18,882		18,398		(21,939)		(22,612)		(2,597)		(3,939)		—		—
TRC-MRC 3, LLC	35,467		36,608		(33,627)		(34,494)		2,087		2,690		141		386
TRC-MRC 4, LLC	49,964		50,497		(61,776)		(40,130)		(12,192)		8,974		—		4,485
TRC-MRC 5, LLC	49,687		8,602		(35,138)		—		8,390		—		4,194		4,300
Total	$	309,897	$	281,611	$	(208,030)	$	(161,048)	$	85,857	$	102,520	$	33,648	$	41,891
Centennial Founders, LLC	$	104,979	$	102,984	$	—	$	—	$	104,753	$	102,689	Consolidated

Condensed Statement of Operations Information as of December 31:

	Joint Venture												TRC
	Revenues						Earnings (Loss)						Equity in Earnings (Loss)
	2023		2022		2021		2023		2022		2021		2023		2022		2021
Petro Travel Plaza Holdings LLC	$	162,614	$	182,335	$	137,090	$	10,481	$	14,210	$	8,262	$	6,288	$	8,526	$	4,957
18-19 West, LLC	—		—		15,472		—		(63)		10,411		—		(31)		5,206
TRCC/Rock Outlet Center, LLC1	6,391		6,065		5,642		(3,571)		(3,139)		(2,885)		(1,786)		(1,569)		(1,443)
TRC-MRC 1, LLC	4,346		3,269		3,237		1,192		43		(15)		596		21		(7)
TRC-MRC 2, LLC	5,860		4,085		4,024		2,772		1,384		1,268		1,386		692		634
TRC-MRC 3 LLC	4,323		4,125		3,729		645		594		(288)		323		297		(144)
TRC-MRC 4, LLC	7,281		595		—		332		(367)		(1)		166		(184)		(1)
TRC-MRC 5, LLC	—		—		—		(210)		—		—		(105)		—		—
	$	190,815	$	200,474	$	169,194	$	11,641	$	12,662	$	16,752	$	6,868	$	7,752	$	9,202
Centennial Founders, LLC	$	267	$	594	$	409	$	(6)	$	28	$	(80)	Consolidated
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.3 million, $1.2 million and $1.2 million for the years ended December 31, 2023, 2022 and 2021, respectively.