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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]  
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures
Condensed balance sheet information and statement of operations of the Company’s unconsolidated joint ventures are as follows:
Balance Sheet Information as of December 31:
 
Joint Venture
 
TRC
 
Assets
 
Borrowings
 
Equity
 
Investment In
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Petro Travel Plaza Holdings, LLC
$
69,096

 
$
67,435

 
$
(15,283
)
 
$
(15,279
)
 
$
51,377

 
$
49,705

 
$
18,426

 
$
17,422

Five West Parcel, LLC
15,157

 
15,738

 
(9,173
)
 
(9,711
)
 
5,751

 
5,972

 
2,691

 
2,802

18-19 West, LLC
4,654

 
4,704

 

 

 
4,654

 
4,704

 
1,783

 
1,782

TRCC/Rock Outlet Center, LLC
75,194

 
81,610

 
(46,826
)
 
(48,769
)
 
27,531

 
32,177

 
5,702

 
8,025

TRC-MRC 1, LLC
29,692

 
25,380

 
(25,030
)
 
(19,433
)
 
4,018

 
4,541

 

 

TRC-MRC 2, LLC
20,362

 
20,336

 
(25,014
)
 
(21,080
)
 
(5,763
)
 
(992
)
 

 

Total
$
214,155

 
$
215,203

 
$
(121,326
)
 
$
(114,272
)
 
$
87,568

 
$
96,107

 
$
28,602

 
$
30,031

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
93,840

 
$
89,721

 
$

 
$

 
$
93,188

 
$
88,862

 
Consolidated
Condensed Statement of Operations Information as of December 31:
 
Joint Venture
 
TRC
 
Revenues
 
Earnings(Loss)
 
Equity in Earnings (Loss)
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
 
2018
 
2017
 
2016
Petro Travel Plaza Holdings, LLC
$
119,083

 
$
105,507

 
$
100,605

 
$
9,672

 
$
10,418

 
$
12,077

 
$
5,803

 
$
6,251

 
$
7,246

Five West Parcel, LLC
2,731

 
2,824

 
2,887

 
778

 
905

 
1,029

 
389

 
452

 
515

18-19 West, LLC
13

 
11

 
10

 
(102
)
 
(97
)
 
(129
)
 
(51
)
 
(48
)
 
(65
)
TRCC/Rock Outlet Center, LLC1
6,418

 
9,615

 
9,542

 
(4,645
)
 
(2,347
)
 
(367
)
 
(2,323
)
 
(1,173
)
 
(184
)
TRC-MRC 1, LLC
1,323

 

 

 
(498
)
 
(3
)
 

 
(249
)
 
(2
)
 

TRC-MRC 2, LLC2
3,981

 
3,655

 
1,178

 
529

 
(2,505
)
 
(828
)
 
265

 
(1,253
)
 
(414
)
 
$
133,549

 
$
121,612

 
$
114,222

 
$
5,734

 
$
6,371

 
$
11,782

 
$
3,834

 
$
4,227

 
$
7,098

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
297

 
$
456

 
$
520

 
$
(249
)
 
$
(144
)
 
$
(246
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.7 million, $1.8 million and $1.9 million for the years ended December 31, 2018, 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 $0.8 million and $4.0 million for the years ended December 31, 2018 and 2017.