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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 6 Months Ended
Jun. 30, 2018
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 six months ended June 30, 2018 and condensed balance sheet information of the Company’s unconsolidated joint ventures as of June 30, 2018 are as follows:
 
Three Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
30,384

 
$
30,825

 
$
1,957

 
$
3,021

 
$
1,174

 
$
1,813

Five West Parcel, LLC
698

 
702

 
226

 
231

 
112

 
116

18-19 West, LLC
3

 
2

 
(26
)
 
(30
)
 
(13
)
 
(14
)
TRCC/Rock Outlet Center, LLC1
2,032

 
2,726

 
(1,259
)
 
(82
)
 
(629
)
 
(41
)
TRC-MRC 1, LLC
139

 
—

 
(101
)
 
—

 
(50
)
 
—

TRC-MRC 2, LLC2
979

 
905

 
115

 
(629
)
 
58

 
(314
)
 
$
34,235

 
$
35,160

 
$
912

 
$
2,511

 
$
652

 
$
1,560

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
(76
)
 
$
—

 
$
(194
)
 
$
(207
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.4 million and $0.5 million as of June 30, 2018 and 2017, respectively.
(2) Earnings for TRC-MRC 2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $0.2 million and $1.0 million as of June 30, 2018 and 2017, respectively.
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
55,061

 
$
57,232

 
$
2,844

 
$
4,523

 
$
1,706

 
$
2,714

Five West Parcel, LLC
1,395

 
1,418

 
417

 
500

 
208

 
250

18-19 West, LLC
6

 
5

 
(53
)
 
(54
)
 
(26
)
 
(27
)
TRCC/Rock Outlet Center, LLC1
3,507

 
5,275

 
(2,354
)
 
(1,091
)
 
(1,177
)
 
(546
)
TRC-MRC 1, LLC
139

 
—

 
(102
)
 
(2
)
 
(51
)
 
(1
)
TRC-MRC 2, LLC2
1,957

 
1,840

 
317

 
(1,204
)
 
159

 
(602
)
 
$
62,065

 
$
65,770

 
$
1,069

 
$
2,672

 
$
819

 
$
1,788

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
11

 
$
1

 
$
(212
)
 
$
(317
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.8 million and $1.0 million as of June 30, 2018 and 2017, respectively.
(2) Earnings for TRC-MRC 2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $0.4 million and $2.0 million as of June 30, 2018 and 2017, respectively.

 
June 30, 2018
 
December 31, 2017
 
Joint Venture
TRC
 
Joint Venture
TRC
($ in thousands)
Assets
Debt
Equity
Equity
 
Assets
Debt
Equity
Equity
Petro Travel Plaza Holdings, LLC
$
70,625

$
(15,281
)
$
52,548

$
19,128

 
$
67,435

$
(15,280
)
$
49,705

$
17,422

Five West Parcel, LLC
15,902

(9,442
)
6,389

3,010

 
15,738

(9,711
)
5,972

2,802

18-19 West, LLC
4,652

—

4,652

1,756

 
4,704

—

4,704

1,782

TRCC/Rock Outlet Center, LLC
78,098

(47,798
)
29,822

6,848

 
81,610

(48,769
)
32,177

8,025

TRC-MRC 1, LLC
26,510

(21,779
)
4,439

—

 
25,380

(19,433
)
4,541

—

TRC-MRC 2, LLC
24,144

(25,240
)
(1,432
)
—

 
20,336

(21,080
)
(992
)
—

Total
$
219,931

$
(119,540
)
$
96,418

$
30,742

 
$
215,203

$
(114,273
)
$
96,107

$
30,031

 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
90,811

$
—

$
90,425

***

 
$
89,721

$
—

$
88,862

***

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