DEFERRED REVENUE

9 Months Ended

Sep. 30, 2022

DEFERRED REVENUE

DEFERRED REVENUE

NOTE 19. DEFERRED REVENUE

Deferred revenue consisted of the following (in thousands):  

	As of
	September 30, 2022		December 31, 2021
Prepaid Rent	$	3,472	$	3,921
Interest Reserve from Commercial Loans and Investments		1,327		—
Tenant Contributions		535		574
Other Deferred Revenue		506		10
Total Deferred Revenue	$	5,840	$	4,505

Interest Reserve from Commercial Loans and Investments. In connection with three of the Company’s commercial loan investments, the borrower has deposited interest reserves in accounts held by the Company. Those accounts balances are included in restricted cash on the Company’s consolidated balance sheets with the corresponding liability recorded in

deferred revenue as seen above. Pursuant to each respective agreement, interest reserves are either (i) utilized to fund the monthly interest due on the loan or (ii) maintained throughout the term of the loan.