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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 6 Months Ended
Jun. 30, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures
Unaudited condensed statement of operations for the three and six months ended June 30 and condensed balance sheet information of the Company’s unconsolidated joint ventures as of June 30 are as follow:
 
Three Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
30,825

 
$
24,098

 
$
3,021

 
$
2,838

 
$
1,813

 
$
1,702

Five West Parcel, LLC
702

 
694

 
231

 
221

 
116

 
111

18-19 West, LLC
2

 
2

 
(30
)
 
(29
)
 
(14
)
 
(14
)
TRCC/Rock Outlet Center, LLC1
2,726

 
2,455

 
(82
)
 
87

 
(41
)
 
43

TRC-MRC 1, LLC
—

 
—

 
—

 
—

 
—

 
—

TRC-MRC 2, LLC2
905

 
—

 
(629
)
 
—

 
(314
)
 
—

 
$
35,160

 
$
27,249

 
$
2,511

 
$
3,117

 
$
1,560

 
$
1,842

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
—

 
$
36

 
$
(207
)
 
$
(57
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.5 million and $0.5 million as of June 30, 2017 and 2016, respectively.
(2)Earnings for TRC-MRC 2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $1.0 million that will be amortized over the remaining lease period. A majority of these non-cash costs are expected to be amortized by the end of FY2017.
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
57,232

 
$
48,052

 
$
4,523

 
$
5,129

 
$
2,714

 
$
3,077

Five West Parcel, LLC
1,418

 
1,484

 
500

 
549

 
250

 
275

18-19 West, LLC
5

 
4

 
(54
)
 
(72
)
 
(27
)
 
(36
)
TRCC/Rock Outlet Center, LLC1
5,275

 
4,755

 
(1,091
)
 
(37
)
 
(546
)
 
(19
)
TRC-MRC 1, LLC
—

 
—

 
(2
)
 
—

 
(1
)
 
—

TRC-MRC 2, LLC2
1,840

 
—

 
(1,204
)
 
—

 
(602
)
 
—

 
$
65,770

 
$
54,295

 
$
2,672

 
$
5,569

 
$
1,788

 
$
3,297

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
1

 
$
72

 
$
(317
)
 
$
(225
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.0 million and $1.0 million as of June 30, 2017 and 2016, respectively.
(2)Earnings for TRC-MRC 2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $2.0 million that will be amortized over the remaining lease period. A majority of these non-cash costs are expected to be amortized by the end of FY2017.

 
June 30, 2017
 
December 31, 2016
 
Joint Venture
TRC
 
Joint Venture
TRC
($ in thousands)
Assets
Debt
Equity
Equity
 
Assets
Debt
Equity
Equity
Petro Travel Plaza Holdings, LLC
$
73,894

$
(15,277
)
$
55,810

$
21,086

 
$
68,652

$
(15,275
)
$
51,287

$
18,372

Five West Parcel, LLC
15,849

(9,981
)
5,568

2,600

 
16,614

(10,251
)
6,043

2,837

18-19 West, LLC
4,645

—

4,638

1,745

 
4,623

—

4,621

1,741

TRCC/Rock Outlet Center, LLC
84,281

(49,741
)
33,431

8,652

 
86,056

(50,712
)
34,523

9,198

TRC-MRC 1, LLC
14,533

(8,570
)
4,542

—

 
199

—

199

224

TRC-MRC 2, LLC
22,264

(21,080
)
845

422

 
23,965

(21,080
)
2,592

1,431

Total
$
215,466

$
(104,649
)
$
104,834

$
34,505

 
$
200,109

$
(97,318
)
$
99,265

$
33,803

 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
87,136

—

86,425

***

 
86,099

—

85,281

***

 
 
 
 
 
 
 
 
 
 
*** Centennial Founders, LLC is consolidated within the Company's financial statements