XML 85 R37.htm IDEA: XBRL DOCUMENT v3.20.1
Investment in Unconsolidated and Consolidated Joint Ventures (Tables)
 3 Months Ended
Mar. 31, 2020
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 months ended March 31, 2020 and condensed balance sheet information of the Company’s unconsolidated joint ventures as of March 31, 2020 and December 31, 2019 are as follows:
 
Three Months Ended March 31,
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
 
Joint Venture
 
TRC
($ in thousands)
Revenues
 
Earnings(Loss)
 
Equity in Earnings(Loss)
Petro Travel Plaza Holdings, LLC
$
23,213

 
$
25,406

 
$
2,539

 
$
1,870

 
$
1,523

 
$
1,122

Five West Parcel, LLC
—

 
684

 
(1
)
 
171

 
(1
)
 
86

18-19 West, LLC
3

 
3

 
(30
)
 
(28
)
 
(15
)
 
(14
)
TRCC/Rock Outlet Center, LLC1
1,863

 
1,898

 
(812
)
 
(785
)
 
(406
)
 
(393
)
TRC-MRC 1, LLC
787

 
736

 
40

 
(5
)
 
20

 
(2
)
TRC-MRC 2, LLC
1,020

 
984

 
343

 
154

 
172

 
77

TRC-MRC 3, LLC
625

 
—

 
125

 
—

 
62

 
—

Total
$
27,511

 
$
29,711

 
$
2,204

 
$
1,377

 
$
1,355

 
$
876

 
 
 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
47

 
$
122

 
$
(27
)
 
$
64

 
Consolidated
 
 
 
 
 
 
 
 
 
 
 
 
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $0.5 million as of both of March 31, 2020 and March 31, 2019.

 
March 31, 2020
 
December 31, 2019
 
Joint Venture
TRC
 
Joint Venture
TRC
($ in thousands)
Assets
Debt
Equity
Equity
 
Assets
Debt
Equity
Equity
Petro Travel Plaza Holdings, LLC
$
80,057

$
(15,288
)
$
62,600

$
25,159

 
$
77,835

$
(15,287
)
$
60,061

$
23,636

Five West Parcel, LLC
650

—

647

139

 
694

—

648

140

18-19 West, LLC
4,627

—

4,369

1,615

 
4,849

—

4,600

1,730

TRCC/Rock Outlet Center, LLC
68,650

(38,468
)
29,377

6,625

 
69,459

(38,909
)
29,688

6,781

TRC-MRC 1, LLC
28,761

(24,405
)
3,570

—

 
28,673

(24,542
)
3,623

—

TRC-MRC 2, LLC
20,101

(24,311
)
(8,938
)
—

 
20,026

(24,455
)
(7,094
)
—

TRC-MRC 3, LLC
38,046

(31,375
)
6,177

6,016

 
37,292

(28,061
)
6,052

5,953

Total
$
240,892

$
(133,847
)
$
97,802

$
39,554

 
$
238,828

$
(131,254
)
$
97,578

$
38,240

 
 
 
 
 
 
 
 
 
 
Centennial Founders, LLC
$
96,847

$
—

$
96,641

***

 
$
96,415

$
—

$
96,143

***

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