Investment in Unconsolidated and Consolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2020

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
	2020		2019		2020		2019		2020		2019		2020		2019
Petro Travel Plaza Holdings LLC	$	77,516	$	77,835	$	(15,291)	$	(15,287)	$	59,597	$	60,061	$	23,358	$	23,636
Five West Parcel, LLC	—		694		—		—		—		648		—		140
18-19 West, LLC	4,733		4,849		—		—		4,483		4,600		1,672		1,730
TRCC/Rock Outlet Center, LLC	65,475		69,459		(34,845)		(38,909)		29,608		29,688		6,741		6,781
TRC-MRC 1, LLC	26,502		28,673		(23,985)		(24,542)		2,059		3,623		—		—
TRC-MRC 2, LLC	20,191		20,026		(23,869)		(24,455)		(7,741)		(7,094)		—		—
TRC-MRC 3, LLC	38,502		37,292		(35,785)		(28,061)		(2,001)		6,052		1,753		5,953
Total	$	232,919	$	238,828	$	(133,775)	$	(131,254)	$	86,005	$	97,578	$	33,524	$	38,240
Centennial Founders, LLC	$	98,898	$	96,415	$	—	$	—	$	98,565	$	96,143	Consolidated

Condensed Statement of Operations Information as of December 31:

	Joint Venture												TRC
	Revenues						Earnings(Loss)						Equity in Earnings (Loss)
	2020		2019		2018		2020		2019		2018		2020		2019		2018
Petro Travel Plaza Holdings LLC	$	86,331	$	117,708	$	119,083	$	9,536	$	14,684	$	9,672	$	5,722	$	8,810	$	5,803
Five West Parcel, LLC	—		2,648		2,731		(6)		18,239		778		(2)		9,119		389
18-19 West, LLC	6		15		13		(136)		(107)		(102)		(68)		(53)		(51)
TRCC/Rock Outlet Center, LLC1	5,495		6,278		6,418		(4,180)		(3,843)		(4,645)		(2,090)		(1,921)		(2,323)
TRC-MRC 1, LLC	3,123		3,067		1,323		129		91		(498)		64		46		(249)
TRC-MRC 2, LLC2	4,087		4,023		3,981		1,357		1,151		529		678		575		265
TRC-MRC 3, LLC	$	4,032	$	—	$	—	$	399	$	(2)	$	—	$	200	$	(1)	$	—
	$	103,074	$	133,739	$	133,549	$	7,099	$	30,213	$	5,734	$	4,504	$	16,575	$	3,834
Centennial Founders, LLC	$	419	$	469	$	297	$	(103)	$	(20)	$	(249)	Consolidated
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.3 million, $1.7 million, and $1.7 million for the years ended December 31, 2020, 2019 and 2018, respectively.
(2) Earnings for TRC-MRC2, LLC include non-cash amortization of purchase accounting adjustments related to in-place leases of $0.0 million, $0.2 million and $0.8 million for the years ended December 31, 2020, 2019 and 2018, respectively.