INVESTMENT IN UNCONSOLIDATED AND CONSOLIDATED JOINT VENTURES (Tables)

12 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of 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 (Deficit)				Investment In
	2024		2023		2024		2023		2024		2023		2024		2023
Petro Travel Plaza Holdings LLC	$	73,558	$	72,633	$	(11,793)	$	(12,556)	$	53,571	$	52,950	$	19,823	$	19,370
TRCC/Rock Outlet Center, LLC	54,533		58,040		(20,545)		(20,850)		32,832		35,535		8,592		9,943
TRC-MRC 1, LLC	24,539		25,224		(21,470)		(22,144)		2,591		1,684		—		—
TRC-MRC 2, LLC	21,552		18,882		(21,234)		(21,939)		768		(2,597)		77		—
TRC-MRC 3, LLC	34,436		35,467		(32,722)		(33,627)		2,529		2,087		142		141
TRC-MRC 4, LLC	49,118		49,964		(60,906)		(61,776)		(10,664)		(12,192)		—		—
TRC-MRC 5, LLC	49,556		49,687		(52,795)		(35,138)		(643)		8,390		—		4,194
TRC-DP1, LLC	—		—		—		—		—		—		346		—
Total	$	307,292	$	309,897	$	(221,465)	$	(208,030)	$	80,984	$	85,857	$	28,980	$	33,648
Centennial Founders, LLC	$	107,015	$	104,979	$	—	$	—	$	106,766	$	104,753	Consolidated

Condensed Statement of Operations Information as of December 31:

	Joint Venture													TRC
	Revenues							Earnings (Loss)						Equity in Earnings (Loss)
	2024			2023		2022		2024		2023		2022		2024		2023		2022
Petro Travel Plaza Holdings LLC	$	153,547		$	162,614	$	182,335	$	13,621	$	10,481	$	14,210	$	8,253	$	6,288	$	8,526
18-19 West, LLC	—			—		—		—		—		(63)		—		—		(31)
TRCC/Rock Outlet Center, LLC1	7,100			6,391		6,065		(2,703)		(3,571)		(3,139)		(1,351)		(1,786)		(1,569)
TRC-MRC 1, LLC	4,399			4,346		3,269		1,226		1,192		43		613		596		21
TRC-MRC 2, LLC	6,761			5,860		4,085		4,324		2,772		1,384		2,162		1,386		692
TRC-MRC 3 LLC	4,405			4,323		4,125		843		645		594		422		323		297
TRC-MRC 4, LLC	7,805			7,281		595		1,054		332		(367)		527		166		(184)
TRC-MRC 5, LLC	6,314			—		—		509		(210)		—		255		(105)		—
	$	190,331	2	$	190,815	$	200,474	$	18,874	$	11,641	$	12,662	$	10,881	$	6,868	$	7,752
Centennial Founders, LLC	$	66		$	267	$	594	$	(36)	$	(6)	$	28	Consolidated
1 Revenues for TRCC/Rock Outlet Center are presented net of non-cash tenant allowance amortization of $1.3 million, $1.3 million and $1.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.
2 TRC-DP1, LLC did not have any operating activities during 2024.