XML 78 R68.htm IDEA: XBRL DOCUMENT v3.23.1
INVESTMENT IN UNCONSOLIDATED AND CONSOLIDATED JOINT VENTURES - Additional Information (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Jan. 26, 2023
USD ($)
Mar. 29, 2022
USD ($)
ft²
Mar. 25, 2021
USD ($)
ft²
Apr. 01, 2019
USD ($)
Dec. 31, 2022
USD ($)
Feb. 28, 2022
unit
Nov. 30, 2018
ft²
Sep. 30, 2016
ft²
Aug. 31, 2016
USD ($)
ft²
Mar. 31, 2023
USD ($)
venture
Dec. 31, 2022
USD ($)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2013
ft²
Jun. 01, 2018
USD ($)
Schedule of Equity Method Investments [Line Items]                              
Investments in unconsolidated joint ventures         $ 41,891,000         $ 36,291,000 $ 41,891,000        
Equity in earnings of unconsolidated joint ventures, net                   1,517,000   $ 1,213,000      
Investment in unconsolidated joint ventures         41,891,000         36,291,000 41,891,000        
Real estate development         321,293,000         $ 324,318,000 321,293,000        
Centennial                              
Schedule of Equity Method Investments [Line Items]                              
Consolidated joint venture, ownership interest                   93.32%          
TRC-MRC 4, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Debt         40,130,000         $ 62,400,000 40,130,000        
Profit margin                   251,000   (1,000)      
TRC-MRC 3, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Debt         34,494,000         34,281,000 34,494,000        
Profit margin                   196,000   158,000      
TRC-MRC 2, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Debt         22,612,000         22,447,000 22,612,000        
Profit margin                   667,000   344,000      
TRC-MRC 1, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Debt         22,787,000         22,629,000 22,787,000        
Profit margin                   96,000   19,000      
Total                              
Schedule of Equity Method Investments [Line Items]                              
Debt         161,048,000         183,736,000 161,048,000        
Profit margin                   2,579,000   2,040,000      
TRCC/Rock Outlet Center, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Debt         27,707,000         27,432,000 27,707,000        
Profit margin                   $ (887,000)   $ (414,000)      
Petro Travel Plaza Holdings, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Unconsolidated joint ventures, ownership interest                   50.00%          
Right and share of profit and loss                   60.00%          
Investment in unconsolidated joint ventures         25,441,000         $ 25,004,000 25,441,000        
Majestic Realty Co.                              
Schedule of Equity Method Investments [Line Items]                              
Investments in unconsolidated joint ventures                 $ 24,773,000            
Number of joint venture contracts | venture                   5          
Area of building owned and leased | ft²                 651,909            
TRC-MRC 5, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Investment in unconsolidated joint ventures         4,300,000         $ 4,243,000 4,300,000        
Number of acres for development | ft²   446,400                          
Construction loan                   49,226,000          
Value of property contributed         8,501,000                    
Real estate development                   2,477,000          
Equity method investment, deferred gain on sale   $ 3,012,000                          
Percentage of rentable space   100.00%                          
TRCC-East                              
Schedule of Equity Method Investments [Line Items]                              
Number of acres for development | ft²                           326,000  
Number of multi-family rental units | unit           495                  
Payments to acquire interest in joint venture $ 175,000                            
Deficit balance                   $ 1,954,000          
Percentage of building leased                   100.00%          
Area of building owned and leased | ft²               480,480              
TRC-MRC 4, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Investment in unconsolidated joint ventures         4,485,000         $ 0 $ 4,485,000        
Number of acres for development | ft²     629,274                        
Value of property contributed                         $ 8,464,000    
Real estate development                         $ 2,895,000    
Equity method investment, deferred gain on sale     $ 2,785,000                        
Percentage of rentable space                     100.00%        
Deficit balance                   5,760,000          
TRC-MRC 3, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Investment in unconsolidated joint ventures         386,000         $ 209,000 $ 386,000        
Number of acres for development | ft²             579,040                
Percentage of building leased                   100.00%          
TRC-MRC 3, LLC | Land                              
Schedule of Equity Method Investments [Line Items]                              
Value of property contributed       $ 5,854,000                      
TRC-MRC 2, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Investment in unconsolidated joint ventures         0         $ 0 0        
Deficit balance                   $ 2,062,000          
Percentage of building leased                   100.00%          
Debt instrument face amount                             $ 25,240,000
TRC-MRC 1, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Investment in unconsolidated joint ventures         0         $ 0 0        
Borrowings under joint venture                   25,030,000          
Rockefeller Joint Ventures                              
Schedule of Equity Method Investments [Line Items]                              
Investment in unconsolidated joint ventures                   $ 6,835,000          
Number of joint venture contracts | venture                   1          
Five West Parcel Llc                              
Schedule of Equity Method Investments [Line Items]                              
Unconsolidated joint ventures, ownership interest                           50.00%  
TRCC/Rock Outlet Center, LLC                              
Schedule of Equity Method Investments [Line Items]                              
Investment in unconsolidated joint ventures         $ 7,279,000         $ 6,835,000 $ 7,279,000        
TRCC/Rock Outlet Center, LLC | Total                              
Schedule of Equity Method Investments [Line Items]                              
Decrease in outstanding amount                   $ 4,600,000