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OTHER ASSETS
 9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
OTHER ASSETS

6. OTHER ASSETS

 

Other assets consist of the following:

 

   September 30,   December 31, 
   2021   2020 
Deferred rent receivable  $1,644,276   $1,912,048 
Prepaid expenses, deposits and other   273,585    215,946 
Investment in marketable securities   1,670,693    83,241 
Accounts receivable, net   363,104    541,885 
Right-of-use assets, net   81,637    102,144 
Other intangibles, net   97,483    142,483 
Notes receivable   316,374    316,374 
Deferred offering costs   2,386    108,660 
Total other assets  $4,449,538   $3,422,781 

 

As of September 30, 2021, we owned common shares of 17 different publicly traded REITs and options in six of those same REITs. As of September 30, 2021, the fair value of these shares was approximately $1.6 million based on the September 30, 2021 closing price. As of December 31, 2020, we owned common shares and options of two different publicly traded REITs a money market account with a closing market value of approximately $83,000. These shares are presented at fair value as “marketable securities” on our consolidated balance sheets and the gains and losses resulting from the mark-to-market of these securities are recognized in current period earnings.

 

 

6. OTHER ASSETS

 

Other assets consist of the following:

   December 31,   December 31, 
   2020   2019 
Deferred rent receivable  $1,912,048   $2,680,886 
Prepaid expenses, deposits and other   299,187    601,897 
Accounts receivable, net   541,885    1,336,122 
Right-of-use assets, net   102,144    561,375 
Other intangibles, net   142,483    212,932 
Notes receivable   316,374    316,374 
Deferred offering costs   108,660    — 
Total other assets  $3,422,781   $5,709,586