OTHER ASSETS

12 Months Ended

Dec. 31, 2021

OTHER ASSETS.

OTHER ASSETS

NOTE 13.       OTHER ASSETS

Other assets consisted of the following as of December 31, 2021 and 2020 (in thousands):

	As of
	December 31, 2021		December 31, 2020
Income Property Tenant Receivables	$	885	$	2,330
Income Property Straight-line Rent Adjustment and COVID-19 Deferral Balance		5,180		4,686
Operating Leases - Right-of-Use Asset		168		246
Golf Rounds Surcharge		338		454
Cash Flow Hedge - Interest Rate Swap		1,543		—
Infrastructure Reimbursement Receivables		1,080		1,336
Prepaid Expenses, Deposits, and Other		3,526		1,693
Due from Alpine Income Property Trust, Inc.		1,653		666
Financing Costs, Net of Accumulated Amortization		524		769

Total Other Assets $ 14,897 $ 12,180

Income Property Straight-Line Rent Adjustment. As of December 31, 2021 and 2020, the straight-line rent adjustment includes a balance of $0.1 million and $1.0 million of deferred rent related to the COVID-19 Pandemic, respectively. Pursuant to the interpretive guidance issued by the FASB in April 2020 on lease modifications, for leases in which deferred rent agreements were reached, the Company has continued to account for the lease concessions by recognizing the normal straight-line rental income and as the deferred rents are repaid by the tenant, the straight-line receivable will be reduced.

Infrastructure Reimbursement Receivables. As of December 31, 2021 and 2020, the infrastructure reimbursement receivables were all related to the land sales within the Tomoka Town Center. The balance as of December 31, 2021 consisted of $0.8 million due from Tanger for infrastructure reimbursement to be repaid in five remaining annual installments of approximately $0.2 million each, net of a discount of $0.1 million, and $0.3 million due from Sam’s Club for infrastructure reimbursement to be repaid in three remaining annual installments of $0.1 million each, net of a discount of $0.03 million.