How to reproduce:
1. Open the attached “IN-90698” project
2. Open the “SampleScene” Scene
3. Enter Play mode
4. In the Hierarchy window select the “Non addressable loaded terrain” GameObject
5. In the Inspector window “Terrain options” make sure the “Draw Instanced” option is enabled
6. In the Hierarchy window select the “Addressable loaded terrain” GameObject
7. In the Inspector window “Terrain options” make sure the “Draw Instanced” option is enabled
8. Observe the Game window

Expected result: Both non addressable and addressable terrains are visible
Actual result: Only the non addressable terrain is visible

Reproducible with: 2021.3.47f1, 2022.3.55f1, 6000.0.32f1, 6000.1.0a9

Reproduced on: Windows 11
Not reproduced on: No other environments tested