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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
9 Months Ended
Sep. 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 September 30, 2016 and December 31, 2015 and unaudited condensed statements of operations for the nine months ended September 30, 2016 and 2015 are as follows:
Statement of Operations for the nine months ended September 30, 2016
 
Unconsolidated
 
Consolidated
($ in thousands)
Petro Travel Plaza Holdings
 
Majestic
 
Rockefeller
 
Total
 
Centennial-VIE
Revenues
$
76,277

 
$
228

 
$
9,222

 
$
85,727

 
$
311

Net income (loss)
9,067

 
(163
)
 
583

 
9,487

 
(298
)
Partner’s share of net income (loss)
3,627

 
(82
)
 
292

 
3,837

 
(17
)
Equity in earnings (loss)
$
5,440

 
$
(81
)
 
$
291

 
$
5,650

 
$


Statement of Operations for the nine months ended September 30, 2015
 
Unconsolidated
 
Consolidated
($ in thousands)
Petro Travel Plaza Holdings
 
Majestic
 
Rockefeller
 
Total
 
Centennial-VIE
Revenues
$
78,483

 
$

 
$
9,281

 
$
87,764

 
$
205

Net income (loss)
8,119

 

 
(20
)
 
8,099

 
(175
)
Partner’s share of net income (loss)
3,248

 

 
(10
)
 
3,238

 
(45
)
Equity in earnings (loss)
$
4,871

 
$

 
$
(10
)
 
$
4,861

 
$


Balance Sheet Information as of September 30, 2016
 
 
Unconsolidated
 
Consolidated
($ in thousands)
 
Petro Travel Plaza Holdings
 
Majestic
 
Rockefeller
 
Total
 
Centennial-VIE
Current assets
 
$
10,960

 
$
219

 
$
8,759

 
$
19,938

 
$
32

Real Estate
 
54,977

 
25,893

 
81,507

 
162,377

 
84,784

Other assets
 
166

 
(1,340
)
 
18,154

 
16,980

 
3

Long-term debt
 
(15,274
)
 
(20,926
)
 
(61,763
)
 
(97,963
)
 

Other liabilities
 
(2,552
)
 
(319
)
 
(1,418
)
 
(4,289
)
 
(590
)
Net assets
 
$
48,277

 
$
3,527

 
$
45,239

 
$
97,043

 
$
84,229

Balance Sheet Information as of December 31, 2015
 
 
Unconsolidated
 
Consolidated
($ in thousands)
 
Petro Travel Plaza Holdings
 
Majestic
 
Rockefeller
 
Total
 
Centennial-VIE
Current assets
 
$
12,013

 
$

 
$
8,033

 
$
20,046

 
$
230

Real Estate
 
52,296

 

 
83,163

 
135,459

 
81,742

Other assets
 
264

 

 
20,011

 
20,275

 
9

Long-term debt
 
(14,973
)
 

 
(62,282
)
 
(77,255
)
 

Other liabilities
 
(2,890
)
 

 
(1,181
)
 
(4,071
)
 
(754
)
Net assets
 
$
46,710

 
$

 
$
47,744

 
$
94,454

 
$
81,227