Chunks Stop Rendering in Multiplayer Until Relog

I started up a server on the latest snapshot and the one before this and this bug has occurred in both version. I haven't tested versions prior.

I started up the server, logged in, and everything seemed normal at first. There wasn't any lag or TPS issues. However, after traveling outside of where I initially spawn (either for the first time or after a relog), the chunks stop rendering correctly but instead display various "waterfalls".