Investment in Unconsolidated and Consolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2021

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
	2021		2020		2021		2020		2021		2020		2021		2020
Petro Travel Plaza Holdings LLC	$	78,064	$	77,516	$	(14,848)	$	(15,291)	$	58,859	$	59,597	$	22,915	$	23,358
Five West Parcel, LLC	—		—		—		—		—		—		—		—
18-19 West, LLC1	14,965		4,733		—		—		14,895		4,483		6,877		1,672
TRCC/Rock Outlet Center, LLC	61,927		65,475		(28,783)		(34,845)		32,323		29,608		8,098		6,741
TRC-MRC 1, LLC	24,964		26,502		(23,400)		(23,985)		1,209		2,059		—		—
TRC-MRC 2, LLC	20,497		20,191		(23,255)		(23,869)		(5,657)		(7,741)		—		—
TRC-MRC 3, LLC	37,579		38,502		(35,324)		(35,785)		(914)		(2,001)		859		1,753
TRC-MRC 4, LLC	25,671		—		(16,307)		—		9,319		—		4,669		—
Total	$	263,667	$	232,919	$	(141,917)	$	(133,775)	$	110,034	$	86,005	$	43,418	$	33,524
Centennial Founders, LLC	$	101,178	$	98,898	$	—	$	—	$	100,261	$	98,565	Consolidated
1Comprised of cash received from sale of land.

Condensed Statement of Operations Information as of December 31:

	Joint Venture												TRC
	Revenues						Earnings(Loss)						Equity in Earnings (Loss)
	2021		2020		2019		2021		2020		2019		2021		2020		2019
Petro Travel Plaza Holdings LLC	$	137,090	$	86,331	$	117,708	$	8,262	$	9,536	$	14,684	$	4,957	$	5,722	$	8,810
Five West Parcel, LLC	—		—		2,648		—		(6)		18,239		—		(2)		9,119
18-19 West, LLC	15,472		6		15		10,411		(136)		(107)		5,206		(68)		(53)
TRCC/Rock Outlet Center, LLC1	5,642		5,495		6,278		(2,885)		(4,180)		(3,843)		(1,443)		(2,090)		(1,921)
TRC-MRC 1, LLC	3,237		3,123		3,067		(15)		129		91		(7)		64		46
TRC-MRC 2, LLC	4,024		4,087		4,023		1,268		1,357		1,151		634		678		575
TRC-MRC 3, LLC	$	3,729	$	4,032	$	—	$	(288)	$	399	$	(2)	$	(144)	$	200	$	(1)
TRC-MRC 4, LLC	$	—	$	—	$	—	$	(1)	$	—	$	—	$	(1)	$	—	$	—
	$	169,194	$	103,074	$	133,739	$	16,752	$	7,099	$	30,213	$	9,202	$	4,504	$	16,575
Centennial Founders, LLC	$	409	$	419	$	469	$	(80)	$	(103)	$	(20)	Consolidated
(1) Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.2 million, $1.3 million and $1.7 million for the years ended December 31, 2021, 2020 and 2019, respectively.