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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2016 and December 31, 2015 and unaudited condensed statements of operations for the six months ended June 30, 2016 and 2015 are as follows:
Statement of Operations for the six months ended June 30, 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
48,052

 
1,484

 
4

 
4,755

 
54,295

 
72

Net income (loss)
$
5,129

 
$
549

 
$
(72
)
 
$
(37
)
 
$
5,569

 
$
(225
)
Partner’s share of net income (loss)
$
2,052

 
$
274

 
$
(36
)
 
$
(18
)
 
$
2,272

 
$
(54
)
Equity in earnings (loss)
$
3,077

 
$
275

 
$
(36
)
 
$
(19
)
 
$
3,297

 
$
—

1 Revenue for TRCC/Rock Outlet Center is comprised of $5.8 million in rental income less non-cash tenant allowance amortization of $1.0 million ($5.8 - $1.0 = $4.8). 
Statement of Operations for the six months ended June 30, 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
$
55,180

 
$
1,856

 
$
13

 
$
4,305

 
$
61,354

 
$
205

Net income (loss)
$
4,583

 
$
472

 
$
(59
)
 
$
(301
)
 
$
4,695

 
$
(175
)
Partner’s share of net income (loss)
$
1,833

 
$
236

 
$
(30
)
 
$
(150
)
 
$
1,889

 
$
(45
)
Equity in earnings (loss)
$
2,751

 
$
236

 
$
(30
)
 
$
(151
)
 
$
2,806

 
$
—

1 Revenue for TRCC/Rock Outlet Center is comprised of $5.4 million in rental income less non-cash tenant allowance amortization of $1.1 million ($5.4 - $1.1 = $4.3). 

Balance Sheet Information as of June 30, 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
 
$
14,433

 
$
2,533

 
$
61

 
$
6,913

 
$
23,940

 
$
46

Real Estate
 
54,763

 
13,358

 
4,617

 
63,826

 
136,564

 
84,284

Other assets
 
170

 
313

 
—

 
18,387

 
18,870

 
5

Long-term debt
 
(14,500
)
 
(10,520
)
 
—

 
(51,339
)
 
(76,359
)
 
—

Other liabilities
 
(3,027
)
 
(122
)
 
—

 
(934
)
 
(4,083
)
 
(1,483
)
Net assets
 
$
51,839

 
$
5,562

 
$
4,678

 
$
36,853

 
$
98,932

 
$
82,852

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