NOTE 12. OTHER ASSETS

Other assets consisted of the following:


	As of
	December 31, 2019		December 31, 2018
Income Property Tenant Receivables	$	532,636	$	627,691
Income Property Straight-line Rent Adjustment		3,352,245		4,304,279
Income Property Lease Incentive		—		2,394,246
Interest Receivable from Commercial Loan Investment		96,604		—
Operating Leases - Right-of-Use Asset		363,631		—
Golf Rounds Surcharge - LPGA		549,251		—
Cash Flow Hedge - Interest Rate Swap		99,021		651,722
Infrastructure Reimbursement Receivables		1,591,445		1,847,375
Deferred Deal Costs		4,787		425,476
Prepaid Expenses, Deposits, and Other		3,113,929		2,634,664
Total Other Assets	$	9,703,549	$	12,885,453

Income Property Lease Incentive. As of December 31, 2018, the Income Property Lease Incentive of approximately $2.4 million relates to a tenant improvement allowance of approximately $2.7 million provided to Hilton Grand Vacations in conjunction with the extension of their leases of two buildings from November 30, 2021 to November 30, 2026, offset by accumulated amortization which had been recognized as an offset to rental revenue. The properties leased to Hilton Grand Vacations were part of the PINE Income Property Sale Transactions, and therefore the remaining balance was written off as part of the gain at the time of sale on November 26, 2019.

Infrastructure Reimbursement Receivables. As of December 31, 2019 and 2018, the Infrastructure Reimbursement Receivables were all related to the land sales within the Tomoka Town Center. The balance as of December 31, 2019 consisted of approximately $1,200,000 due from Tanger for infrastructure reimbursement to be repaid in seven remaining annual installments of $175,000, net of a discount of approximately $134,000, and approximately $550,000 due from Sam’s Club for infrastructure reimbursement to be repaid in five remaining annual installments of $110,000, net of a discount of approximately $50,000.

Deferred Deal Costs. Deferred deal costs represent legal costs incurred in advance of the potential execution of and/or closing of a contract for the disposition of assets, primarily land sales. The costs are deferred and expensed at the time the transaction closes or at the time it becomes evident that the transaction will not be completed. During the years ended December 31, 2019, 2018, and 2017, approximately $322,000, $380,000, and $717,000, respectively, of deal costs were expensed at the time the related transactions were closed. Additionally, during the years ended December 31, 2019, 2018, and 2017, approximately $552,000, $150,000, and $15,000, respectively, of deal costs were expensed at the time it became evident that the transaction would not be completed.