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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 3 Months Ended
Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures
Unaudited condensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of March 31, 2016 and December 31, 2015 and unaudited condensed statements of operations for the three months ended March 31, 2016 and March 31, 2015 are as follows:

Statement of Operations for the three months ended March 31, 2016
 
Unconsolidated
 
Consolidated
($ in thousands)
Petro Travel Plaza Holdings
 
Five West Parcel LLC
 
18-19 West LLC
 
TRCC/Rock Outlet Center1
 
Total
 
Centennial-VIE
Revenues
$
23,954

 
$
790

 
$
2

 
$
2,300

 
$
27,046

 
$
36

Net income (loss)
$
2,291

 
$
328

 
$
(43
)
 
$
(124
)
 
$
2,452

 
$
(57
)
Partner’s share of net income (loss)
$
916

 
$
164

 
$
(21
)
 
$
(62
)
 
$
997

 
$
(14
)
Equity in earnings (loss)
$
1,375

 
$
164

 
$
(22
)
 
$
(62
)
 
$
1,455

 
$
—

1 Revenue for TRCC/Rock Outlet Center is comprised of $2.8 million in rental income less non-cash tenant allowance amortization of $0.5 million ($2.8 - $0.5 = $2.3). 
Statement of Operations for the three months ended March 31, 2015
 
Unconsolidated
 
Consolidated
($ in thousands)
Petro Travel Plaza Holdings
 
Five West Parcel LLC
 
18-19 West LLC
 
TRCC/Rock Outlet Center1
 
Total
 
Centennial-VIE
Revenues
$
21,861

 
$
995

 
$
7

 
$
2,069

 
$
24,932

 
$
93

Net income (loss)
$
1,934

 
$
182

 
$
(2
)
 
$
(201
)
 
$
1,913

 
$
(62
)
Partner’s share of net income (loss)
$
774

 
$
91

 
$
(1
)
 
$
(101
)
 
$
763

 
$
(16
)
Equity in earnings (loss)
$
1,160

 
$
91

 
$
(1
)
 
$
(100
)
 
$
1,150

 
$
—

1 Revenue for TRCC/Rock Outlet Center is comprised of $2.7 million in rental income less non-cash tenant allowance amortization of $0.6 million ($2.7 - $0.6 = $2.1). 

Balance Sheet Information as of March 31, 2016
 
 
Unconsolidated
 
Consolidated
($ in thousands)
 
Petro Travel Plaza Holdings
 
Five West Parcel LLC
 
18-19 West LLC
 
TRCC/Rock Outlet Center
 
Total
 
Centennial-VIE
Current assets
 
$
12,782

 
$
3,751

 
$
5

 
$
5,945

 
$
22,483

 
$
131

Real Estate
 
53,604

 
13,530

 
4,617

 
64,318

 
136,069

 
82,517

Other assets
 
174

 
324

 
—

 
18,892

 
19,390

 
4

Long-term debt
 
(14,707
)
 
(10,585
)
 
—

 
(51,325
)
 
(76,617
)
 
—

Other liabilities
 
(2,852
)
 
(479
)
 
(5
)
 
(1,063
)
 
(4,399
)
 
(633
)
Net assets
 
$
49,001

 
$
6,541

 
$
4,617

 
$
36,767

 
$
96,926

 
$
82,019

Balance Sheet Information as of December 31, 2015
 
 
Unconsolidated
 
Consolidated
($ in thousands)
 
Petro Travel Plaza Holdings
 
Five West Parcel LLC
 
18-19 West LLC
 
TRCC/Rock Outlet Center
 
Total
 
Centennial-VIE
Current assets
 
$
12,013

 
$
3,277

 
$
23

 
$
4,733

 
$
20,046

 
$
230

Real Estate
 
52,296

 
13,704

 
4,617

 
64,842

 
135,459

 
81,742

Other assets
 
264

 
297

 
—

 
19,714

 
20,275

 
9

Long-term debt
 
(14,973
)
 
(10,725
)
 
—

 
(51,557
)
 
(77,255
)
 
—

Other liabilities
 
(2,890
)
 
(340
)
 
—

 
(841
)
 
(4,071
)
 
(754
)
Net assets
 
$
46,710

 
$
6,213

 
$
4,640

 
$
36,891

 
$
94,454

 
$
81,227