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Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
12 Months Ended
Dec. 31, 2019
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
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
Petro Travel Plaza Holdings, LLC
$
77,835

 
$
69,096

 
$
(15,287
)
 
$
(15,283
)
 
$
60,061

 
$
51,377

 
$
23,636

 
$
18,426

Five West Parcel, LLC
694

 
15,157

 

 
(9,173
)
 
648

 
5,751

 
140

 
2,691

18-19 West, LLC
4,849

 
4,654

 

 

 
4,600

 
4,654

 
1,730

 
1,783

TRCC/Rock Outlet Center, LLC
69,459

 
75,194

 
(38,909
)
 
(46,826
)
 
29,688

 
27,531

 
6,781

 
5,702

TRC-MRC 1, LLC
28,673

 
29,692

 
(24,542
)
 
(25,030
)
 
3,623

 
4,018

 

 

TRC-MRC 2, LLC
20,026

 
20,362

 
(24,455
)
 
(25,014
)
 
(7,094
)
 
(5,763
)
 

 

TRC-MRC 3, LLC
37,292

 

 
(28,061
)
 

 
6,052

 

 
5,953

 

Total
$
238,828

 
$
214,155

 
$
(131,254
)
 
$
(121,326
)
 
$
97,578

 
$
87,568

 
$
38,240

 
$
28,602

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
96,415

 
$
93,840

 
$

 
$

 
$
96,143

 
$
93,188

 
Consolidated
Condensed Statement of Operations Information as of December 31:
 
Joint Venture
 
TRC
 
Revenues
 
Earnings(Loss)
 
Equity in Earnings (Loss)
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Petro Travel Plaza Holdings, LLC
$
117,708

 
$
119,083

 
$
105,507

 
$
14,684

 
$
9,672

 
$
10,418

 
$
8,810

 
$
5,803

 
$
6,251

Five West Parcel, LLC
2,648

 
2,731

 
2,824

 
18,239

 
778

 
905

 
9,119

 
389

 
452

18-19 West, LLC
15

 
13

 
11

 
(107
)
 
(102
)
 
(97
)
 
(53
)
 
(51
)
 
(48
)
TRCC/Rock Outlet Center, LLC1
6,278

 
6,418

 
9,615

 
(3,843
)
 
(4,645
)
 
(2,347
)
 
(1,921
)
 
(2,323
)
 
(1,173
)
TRC-MRC 1, LLC
3,067

 
1,323

 

 
91

 
(498
)
 
(3
)
 
46

 
(249
)
 
(2
)
TRC-MRC 2, LLC2
4,023

 
3,981

 
3,655

 
1,151

 
529

 
(2,505
)
 
575

 
265

 
(1,253
)
TRC-MRC 3, LLC
$

 
$

 
$

 
$
(2
)
 
$

 
$

 
$
(1
)
 
$

 
$

 
$
133,739

 
$
133,549

 
$
121,612

 
$
30,213

 
$
5,734

 
$
6,371

 
$
16,575

 
$
3,834

 
$
4,227

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
469

 
$
297

 
$
456

 
$
(20
)
 
$
(249
)
 
$
(144
)
 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.7 million, $1.7 million, and $1.8 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(2) Earnings for TRC-MRC2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $0.2 million, $0.8 million and $4.0 million for the years ended December 31, 2019, 2018 and 2017, respectively.