Notes and Accounts Receivable

12 Months Ended

Dec. 31, 2019

At December 31, 2019 and 2018, notes and accounts receivables included the following (in thousands):



	2019		2018
Notes receivable	$	356	$	453
Tenant and other receivables	23,324		13,368
	$	23,680	$	13,821

At December 31, 2019 and 2018, 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, 2019 and 2018. 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.