A bit afraid to comment as my understanding is limited. Not sure about OCA but Arvida shows "Revenue In Advance" and "Resident Loans" in the balance sheet. I had assumed this was the proceeds received from the sale of units, split between what gets paid back to the deceased estate and what is kept as deferred mgmt fees. The notes say
Deferred Management Fees
Deferred management fees entitle residents to accommodation and the use of the community facilities within the village. They are recognised over the period of service being the expected period of tenure.
I had assumed they guesstimate the average life/tenancy of the residents and show this as income in the P & L over the expected tenancy with a washup on the departure of the tenant, which could be longer or shorter than estimated.
This means cashflows and income recognition would be very different.