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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
3 Months Ended
Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures
ondensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of March 31, 2014 and December 31, 2013 and unaudited condensed statements of operations for the three months ended March 31, 2014 and March 31, 2013 are as follows:
Statement of Operations for the three months ended March 31, 2014
 
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
 
Petro Travel
Plaza
Holdings
 
Five West Parcel
 
18-19 West
LLC
 
TRCC/Rock Outlet Center
 
Tejon Mountain Village
 
Total
 
Centennial-VIE
Revenues
 
$
25,053

 
$
844

 
$
16

 
$

 
$

 
$
25,913

 
$
269

Net income (loss)
 
$
998

 
$
59

 
$
5

 
$
(344
)
 
$
(42
)
 
$
676

 
$
68

Partner’s share of net income (loss)
 
$
399

 
$
30

 
$
2

 
$
(172
)
 
$
(21
)
 
$
238

 
$
18

Equity in earnings (losses)
 
$
599

 
$
29

 
$
3

 
$
(172
)
 
$
(21
)
 
$
438

 
$

Balance Sheet Information as of March 31, 2014
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
Petro Travel
Plaza
Holdings
 
Five West Parcel
 
18-19 West LLC
 
TRCC/Rock Outlet Center
 
Tejon Mountain Village
 
Total
 
Centennial-VIE
Current assets
$
16,123

 
$
1,329

 
$
41

 
$
2,660

 
$
211

 
$
20,364

 
$
524

Property and equipment, net
43,956

 
16,452

 
4,527

 
43,459

 
100,459

 
208,853

 
75,646

Other assets
198

 
341

 

 
4,841

 

 
5,380

 

Long-term debt
(16,400
)
 
(11,000
)
 

 
(5,209
)
 

 
(32,609
)
 

Other liabilities
(3,028
)
 
(175
)
 
(23
)
 
(13,449
)
 
(338
)
 
(17,013
)
 
(477
)
Net assets
$
40,849

 
$
6,947

 
$
4,545

 
$
32,302

 
$
100,332

 
$
184,975

 
$
75,693

Statement of Operations for the three months ended March 31, 2013
 
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
 
Petro Travel
Plaza
Holdings
 
Five
West
Parcel
 
18-19
West
 
Tejon Mountain Village
 
Total
 
Centennial
Revenues
 
$
26,474

 
$
846

 
$
14

 
$

 
$
27,334

 
$
158

Net income (loss)
 
$
650

 
$
55

 
$
10

 
$
(26
)
 
$
689

 
$
51

Partner’s share of net income (loss)
 
$
260

 
$
28

 
$
5

 
$
(13
)
 
$
280

 
$
15

Equity in earnings (losses)
 
$
390

 
$
27

 
$
5

 
$
(13
)
 
$
409

 
$

Balance Sheet Information as of December 31, 2013
 
UNCONSOLIDATED
 
CONSOLIDATED
($ in thousands)
Petro Travel
Plaza
Holdings
 
Five West Parcel
 
18-19 West
LLC
 
TRCC/Rock Outlet Center
 
Tejon Mountain Village
 
Total
 
Centennial-VIE
Current assets
$
14,886

 
$
813

 
$
10

 
$
2,428

 
$
99,690

 
$
117,827

 
$
86

Property and equipment, net
43,897

 
16,980

 
4,514

 
24,633

 

 
90,024

 
74,968

Other assets
208

 
438

 

 
2,161

 

 
2,807

 

Long-term debt
(16,602
)
 
(11,000
)
 

 

 

 
(27,602
)
 

Other liabilities
(2,687
)
 
(343
)
 

 
(8,577
)
 
(168
)
 
(11,775
)
 
(204
)
Net assets
$
39,702

 
$
6,888

 
$
4,524

 
$
20,645

 
$
99,522

 
$
171,281

 
$
74,850