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Investment in Unconsolidated and Consolidated Joint Ventures (Tables) | 3 Months Ended
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Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract] |
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures | Unaudited condensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of March 31, 2016 and December 31, 2015 and unaudited condensed statements of operations for the three months ended March 31, 2016 and March 31, 2015 are as follows: Statement of Operations for the three months ended March 31, 2016
| Unconsolidated |  | Consolidated
($ in thousands) | Petro Travel Plaza Holdings |  | Five West Parcel LLC |  | 18-19 West LLC |  | TRCC/Rock Outlet Center 1 |  | Total |  | Centennial-VIE
Revenues | $ | 23,954 |  |  | $ | 790 |  |  | $ | 2 |  |  | $ | 2,300 |  |  | $ | 27,046 |  |  | $ | 36 |
Net income (loss) | $ | 2,291 |  |  | $ | 328 |  |  | $ | (43 | ) |  | $ | (124 | ) |  | $ | 2,452 |  |  | $ | (57 | )
Partner’s share of net income (loss) | $ | 916 |  |  | $ | 164 |  |  | $ | (21 | ) |  | $ | (62 | ) |  | $ | 997 |  |  | $ | (14 | )
Equity in earnings (loss) | $ | 1,375 |  |  | $ | 164 |  |  | $ | (22 | ) |  | $ | (62 | ) |  | $ | 1,455 |  |  | $ | — |
1 Revenue for TRCC/Rock Outlet Center is comprised of $2.8 million in rental income less non-cash tenant allowance amortization of $0.5 million ($2.8 - $0.5 = $2.3). Statement of Operations for the three months ended March 31, 2015
| Unconsolidated |  | Consolidated
($ in thousands) | Petro Travel Plaza Holdings |  | Five West Parcel LLC |  | 18-19 West LLC |  | TRCC/Rock Outlet Center 1 |  | Total |  | Centennial-VIE
Revenues | $ | 21,861 |  |  | $ | 995 |  |  | $ | 7 |  |  | $ | 2,069 |  |  | $ | 24,932 |  |  | $ | 93 |
Net income (loss) | $ | 1,934 |  |  | $ | 182 |  |  | $ | (2 | ) |  | $ | (201 | ) |  | $ | 1,913 |  |  | $ | (62 | )
Partner’s share of net income (loss) | $ | 774 |  |  | $ | 91 |  |  | $ | (1 | ) |  | $ | (101 | ) |  | $ | 763 |  |  | $ | (16 | )
Equity in earnings (loss) | $ | 1,160 |  |  | $ | 91 |  |  | $ | (1 | ) |  | $ | (100 | ) |  | $ | 1,150 |  |  | $ | — |
1 Revenue for TRCC/Rock Outlet Center is comprised of $2.7 million in rental income less non-cash tenant allowance amortization of $0.6 million ($2.7 - $0.6 = $2.1). Balance Sheet Information as of March 31, 2016
|  | Unconsolidated |  | Consolidated
($ in thousands) |  | Petro Travel Plaza Holdings |  | Five West Parcel LLC |  | 18-19 West LLC |  | TRCC/Rock Outlet Center |  | Total |  | Centennial-VIE
Current assets |  | $ | 12,782 |  |  | $ | 3,751 |  |  | $ | 5 |  |  | $ | 5,945 |  |  | $ | 22,483 |  |  | $ | 131 |
Real Estate |  | 53,604 |  |  | 13,530 |  |  | 4,617 |  |  | 64,318 |  |  | 136,069 |  |  | 82,517 |
Other assets |  | 174 |  |  | 324 |  |  | — |  |  | 18,892 |  |  | 19,390 |  |  | 4 |
Long-term debt |  | (14,707 | ) |  | (10,585 | ) |  | — |  |  | (51,325 | ) |  | (76,617 | ) |  | — |
Other liabilities |  | (2,852 | ) |  | (479 | ) |  | (5 | ) |  | (1,063 | ) |  | (4,399 | ) |  | (633 | )
Net assets |  | $ | 49,001 |  |  | $ | 6,541 |  |  | $ | 4,617 |  |  | $ | 36,767 |  |  | $ | 96,926 |  |  | $ | 82,019 |
Balance Sheet Information as of December 31, 2015
|  | Unconsolidated |  | Consolidated
($ in thousands) |  | Petro Travel Plaza Holdings |  | Five West Parcel LLC |  | 18-19 West LLC |  | TRCC/Rock Outlet Center |  | Total |  | Centennial-VIE
Current assets |  | $ | 12,013 |  |  | $ | 3,277 |  |  | $ | 23 |  |  | $ | 4,733 |  |  | $ | 20,046 |  |  | $ | 230 |
Real Estate |  | 52,296 |  |  | 13,704 |  |  | 4,617 |  |  | 64,842 |  |  | 135,459 |  |  | 81,742 |
Other assets |  | 264 |  |  | 297 |  |  | — |  |  | 19,714 |  |  | 20,275 |  |  | 9 |
Long-term debt |  | (14,973 | ) |  | (10,725 | ) |  | — |  |  | (51,557 | ) |  | (77,255 | ) |  | — |
Other liabilities |  | (2,890 | ) |  | (340 | ) |  | — |  |  | (841 | ) |  | (4,071 | ) |  | (754 | )
Net assets |  | $ | 46,710 |  |  | $ | 6,213 |  |  | $ | 4,640 |  |  | $ | 36,891 |  |  | $ | 94,454 |  |  | $ | 81,227 |

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