Notes and Accounts Receivable

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

NOTES AND ACCOUNTS RECEIVABLE

NOTES AND ACCOUNTS RECEIVABLE

At December 31, 2018 and 2017, notes and accounts receivables included the following (in thousands):

	2018			2017
Notes receivable	$	453		$	465
Tenant and other receivables	13,997			14,490
Allowance for doubtful accounts related to tenant and other receivables	(629		)	(535		)
	$	13,821		$	14,420

At December 31, 2018 and 2017, the fair value of the Company’s notes receivable approximated the cost basis. Fair value was calculated by discounting future cash flows from the notes receivable at estimated rates in which similar loans would have been made at December 31, 2018 and 2017. The estimate of the rate, which is the most significant input in the discounted cash flow calculation, is intended to replicate notes of similar type and maturity. This fair value calculation is considered to be Level 3 under the guidelines as set forth in ASC 820, as the Company utilizes internally generated assumptions regarding current interest rates at which similar instruments would be executed.