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REAL ESTATE INVESTMENTS (FY) (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Real Estate [Abstract]    
Schedule of Real Estate Properties

The following table provides summary information regarding the Company’s operating properties as of June 30, 2021:
 
Property
  
Location
Acquisition Date
Property Type
  
Land, Buildings and Improvements
    
Tenant Origination and Absorption Costs
    
Accumulated Depreciation and Amortization
    
Total Investment in Real Estate Property, Net
  
Accredo Health
  
Orlando, FL
6/15/2016
Office
  
$
9,855,847
    
$
1,269,350
    
$
(2,444,918
)
  
$
8,680,279
  
Dollar General
  
Litchfield, ME
11/4/2016
Retail
    
1,281,812
      
116,302
      
(186,127
)
    
1,211,987
  
Dollar General
  
Wilton, ME
11/4/2016
Retail
    
1,543,776
      
140,653
      
(238,203
)
    
1,446,226
  
Dollar General
  
Thompsontown, PA
11/4/2016
Retail
    
1,199,860
      
106,730
      
(178,835
)
    
1,127,755
  
Dollar General
  
Mt. Gilead, OH
11/4/2016
Retail
    
1,174,188
      
111,847
      
(171,462
)
    
1,114,573
  
Dollar General
  
Lakeside, OH
11/4/2016
Retail
    
1,112,872
      
100,857
      
(175,973
)
    
1,037,756
  
Dollar General
  
Castalia, OH
11/4/2016
Retail
    
1,102,086
      
86,408
      
(170,976
)
    
1,017,518
  
Northrop Grumman
  
Melbourne, FL
3/7/2017
Office
    
12,382,991
      
1,469,737
      
(3,363,521
)
    
10,489,207
  
exp US Services
  
Maitland, FL
3/27/2017
Office
    
6,056,668
      
388,248
      
(945,261
)
    
5,499,655
  
Harley (1)
  
Bedford, TX
4/13/2017
Retail
    
12,947,054
      
—
      
(1,196,054
)
    
11,751,000
  
Wyndham
  
Summerlin, NV
6/22/2017
Office
    
10,406,483
      
669,232
      
(1,347,468
)
    
9,728,247
  
Williams Sonoma
  
Summerlin, NV
6/22/2017
Office
    
8,079,612
      
550,486
      
(1,214,232
)
    
7,415,866
  
Omnicare
  
Richmond, VA
7/20/2017
Industrial
    
7,262,747
      
281,442
      
(954,774
)
    
6,589,415
  
EMCOR
  
Cincinnati, OH
8/29/2017
Office
    
5,960,610
      
463,488
      
(693,863
)
    
5,730,235
  
Husqvarna
  
Charlotte, NC
11/30/2017
Industrial
    
11,840,200
      
1,013,948
      
(1,292,198
)
    
11,561,950
  
AvAir
  
Chandler, AZ
12/28/2017
Industrial
    
27,357,899
      
—
      
(2,458,171
)
    
24,899,728
  
 
3
M
DeKalb, IL
3/29/2018
Industrial
    
14,762,819
      
2,356,361
      
(4,099,258
)
    
13,019,922
  
Cummins
  
Nashville, TN
4/4/2018
Office
    
14,465,491
      
1,536,998
      
(2,549,219
)
    
13,453,270
  
Northrop Grumman Parcel
  
Melbourne, FL
6/21/2018
Land
    
329,410
      
—
      
—
      
329,410
  
Texas Health
  
Dallas, TX
9/13/2018
Office
    
6,976,703
      
713,221
      
(829,997
)
    
6,859,927
  
Bon Secours
  
Richmond, VA
10/31/2018
Office
    
10,388,751
      
800,356
      
(1,204,744
)
    
9,984,363
  
Costco
  
Issaquah, WA
12/20/2018
Office
    
27,330,797
      
2,765,136
      
(3,305,667
)
    
26,790,266
  
Taylor Fresh Foods
  
Yuma, AZ
10/24/2019
Industrial
    
34,194,369
      
2,894,017
      
(2,257,859
)
    
34,830,527
  
Levins
  
Sacramento, CA
12/31/2019
Industrial
    
4,429,390
      
221,927
      
(330,913
)
    
4,320,404
  
Dollar General
  
Bakersfield, CA
12/31/2019
Retail
    
4,899,714
      
261,630
      
(220,698
)
    
4,940,646
  
Labcorp
  
San Carlos, CA
12/31/2019
Industrial
    
9,672,174
      
408,225
      
(306,481
)
    
9,773,918
  
GSA (MSHA)
  
Vacaville, CA
12/31/2019
Office
    
3,112,076
      
243,307
      
(207,772
)
    
3,147,611
  
PreK Education
  
San Antonio, TX
12/31/2019
Retail
    
12,447,287
      
555,767
      
(899,142
)
    
12,103,912
  
Dollar Tree
  
Morrow, GA
12/31/2019
Retail
    
1,320,367
      
73,298
      
(106,366
)
    
1,287,299
  
Solar Turbines
  
San Diego, CA
12/31/2019
Office
    
7,133,241
      
284,026
      
(507,486
)
    
6,909,781
  
Wood Group
  
San Diego, CA
12/31/2019
Industrial
    
9,731,220
      
539,633
      
(742,040
)
    
9,528,813
  
ITW Rippey
  
El Dorado, CA
12/31/2019
Industrial
    
7,071,143
      
304,387
      
(456,010
)
    
6,919,520
  
Dollar General
  
Big Spring, TX
12/31/2019
Retail
    
1,281,683
      
76,351
      
(76,453
)
    
1,281,581
  
Gap
  
Rocklin, CA
12/31/2019
Office
    
8,378,276
      
360,377
      
(718,960
)
    
8,019,693
  
L3Harris
  
San Diego, CA
12/31/2019
Industrial
    
11,631,857
      
454,035
      
(706,233
)
    
11,379,659
  
Sutter Health
  
Rancho Cordova, CA
12/31/2019
Office
    
29,555,055
      
1,616,610
      
(1,620,523
)
    
29,551,142
  
Walgreens
  
Santa Maria, CA
12/31/2019
Retail
    
5,223,442
      
335,945
      
(199,441
)
    
5,359,946
  
                        
$
343,899,970
    
$
23,570,335
    
$
(38,377,298
)
  
$
329,093,007
  
 
(1)
Reclassified to real estate investment held for investment and use during the second quarter of 2021 from real estate held for sale beginning September 30, 2020 (see detailed discussion below).


The details of the Company's real estate impairment charges for the three and six months ended June 30, 2020 were as follows:
 
Property
  
Location
  
Three Months Ended
June 30, 2020
    
Six Months Ended
June 30, 2020
  
Rite Aid
  
Lake Elsinore, CA
  
$
349,457
    
$
349,457
  
Dana
  
Cedar Park, TX
    
—
      
2,184,395
  
24 Hour Fitness
  
Las Vegas, NV
    
—
      
5,664,517
  
Dinan Cars
  
Morgan Hill, CA
    
—
      
1,308,156
  
Total
      
$
349,457
    
$
9,506,525
  

The following table provides summary information regarding the Company’s real estate portfolio as of December 31, 2020:
 
Property
  
Location
  
Acquisition
Date
  
Property
Type
  
Land,
Buildings and
Improvements
    
Tenant
Origination
and Absorption
Costs
    
Accumulated
Depreciation
and
Amortization
    
Total
Investment in
Real Estate
Property, Net
  
Accredo Health
  
Orlando, FL
  
6/15/2016
  
Office
  
$
9,855,847
    
$
1,269,351
    
$
(2,221,380
)
  
$
8,903,818
  
Dollar General
  
Litchfield, ME
  
11/4/2016
  
Retail
    
1,281,812
      
116,302
      
(166,006
)
    
1,232,108
  
Dollar General
  
Wilton, ME
  
11/4/2016
  
Retail
    
1,543,776
      
140,653
      
(212,451
)
    
1,471,978
  
Dollar General
  
Thompsontown, PA
  
11/4/2016
  
Retail
    
1,199,860
      
106,730
      
(159,501
)
    
1,147,089
  
Dollar General
  
Mt. Gilead, OH
  
11/4/2016
  
Retail
    
1,174,188
      
111,847
      
(152,925
)
    
1,133,110
  
Dollar General
  
Lakeside, OH
  
11/4/2016
  
Retail
    
1,112,872
      
100,857
      
(156,949
)
    
1,056,780
  
Dollar General
  
Castalia, OH
  
11/4/2016
  
Retail
    
1,102,086
      
86,408
      
(152,492
)
    
1,036,002
  
Dana
  
Cedar Park, TX
  
12/27/2016
  
Industrial
    
6,802,876
      
531,439
      
(1,835,800
)
    
5,498,515
  
Northrop Grumman
  
Melbourne, FL
  
3/7/2017
  
Office
    
12,382,991
      
1,341,199
      
(2,968,985
)
    
10,755,205
  
exp US Services
  
Maitland, FL
  
3/27/2017
  
Office
    
6,056,668
      
388,248
      
(833,278
)
    
5,611,638
  
Wyndham
  
Summerlin, NV
  
6/22/2017
  
Office
    
10,406,483
      
669,232
      
(1,170,222
)
    
9,905,493
  
Williams Sonoma
  
Summerlin, NV
  
6/22/2017
  
Office
    
8,079,612
      
550,486
      
(1,058,455
)
    
7,571,643
  
Omnicare
  
Richmond, VA
  
7/20/2017
  
Industrial
    
7,262,747
      
281,442
      
(832,474
)
    
6,711,715
  
EMCOR
  
Cincinnati, OH
  
8/29/2017
  
Office
    
5,960,610
      
463,488
      
(604,163
)
    
5,819,935
  
Husqvarna
  
Charlotte, NC
  
11/30/2017
  
Industrial
    
11,840,200
      
1,013,948
      
(1,113,651
)
    
11,740,497
  
AvAir
  
Chandler, AZ
  
12/28/2017
  
Industrial
    
27,357,900
      
—
      
(2,111,134
)
    
25,246,766
  
3M

DeKalb, IL
  
3/29/2018
  
Industrial
    
14,762,819
      
2,356,361
      
(3,476,588
)
    
13,642,592
  
Cummins
  
Nashville, TN
  
4/4/2018
  
Office
    
14,465,491
      
1,536,998
      
(2,151,938
)
    
13,850,551
  
Northrop Grumman Parcel
  
Melbourne, FL
  
6/21/2018
  
Land
    
329,410
      
—
      
—
      
329,410
  
Texas Health
  
Dallas, TX
  
9/13/2018
  
Office
    
6,976,703
      
713,221
      
(681,341
)
    
7,008,583
  
Bon Secours
  
Richmond, VA
  
10/31/2018
  
Office
    
10,388,751
      
800,356
      
(978,335
)
    
10,210,772
  
Costco
  
Issaquah, WA
  
12/20/2018
  
Office
    
27,330,797
      
2,765,136
      
(2,654,329
)
    
27,441,604
  
Taylor Fresh Foods
  
Yuma, AZ
  
10/24/2019
  
Industrial
    
34,194,369
      
2,894,017
      
(1,597,022
)
    
35,491,364
  
Levins
  
Sacramento, CA
  
12/31/2019
  
Industrial
    
4,429,390
      
221,927
      
(220,609
)
    
4,430,708
  
Dollar General
  
Bakersfield, CA
  
12/31/2019
  
Retail
    
4,899,714
      
261,630
      
(147,132
)
    
5,014,212
  
PMI Preclinical
  
San Carlos, CA
  
12/31/2019
  
Industrial
    
9,672,174
      
408,225
      
(204,321
)
    
9,876,078
  
GSA (MSHA)
  
Vacaville, CA
  
12/31/2019
  
Office
    
3,112,076
      
243,307
      
(138,515
)
    
3,216,868
  
PreK Education
  
San Antonio, TX
  
12/31/2019
  
Retail
    
12,447,287
      
447,927
      
(599,428
)
    
12,295,786
  
Dollar Tree
  
Morrow, GA
  
12/31/2019
  
Retail
    
1,320,367
      
73,298
      
(70,911
)
    
1,322,754
  
Solar Turbines
  
San Diego, CA
  
12/31/2019
  
Office
    
7,133,241
      
284,026
      
(338,232
)
    
7,079,035
  
Wood Group
  
San Diego, CA
  
12/31/2019
  
Industrial
    
9,731,220
      
466,293
      
(565,017
)
    
9,632,496
  
ITW Rippey
  
El Dorado Hills, CA
  
12/31/2019
  
Industrial
    
7,071,143
      
304,387
      
(303,219
)
    
7,072,311
  
Dollar General
  
Big Spring, TX
  
12/31/2019
  
Retail
    
1,281,683
      
76,351
      
(50,969
)
    
1,307,065
  
Gap
  
Rocklin, CA
  
12/31/2019
  
Office
    
8,378,276
      
360,377
      
(479,306
)
    
8,259,347
  
L-3 Communications
  
Carlsbad, CA
  
12/31/2019
  
Industrial
    
11,631,857
      
454,035
      
(470,823
)
    
11,615,069
  
Sutter Health
  
Rancho Cordova, CA
  
12/31/2019
  
Office
    
29,555,055
      
1,616,610
      
(1,080,349
)
    
30,091,316
  
Walgreens
  
Santa Maria, CA
  
12/31/2019
  
Retail
    
5,223,442
      
335,945
      
(132,961
)
    
5,426,426
  
                                
$
337,755,793
    
$
23,792,057
    
$
(32,091,211
)
  
$
329,456,639
  
 

The details of the Company's real estate impairment charges for the year ended December 31, 2020 were as follows:
 
Property
  
Location
  
Year Ended
December 31, 2020
  
Dana
  
Cedar Park, TX
  
$
2,184,395
  
24 Hour Fitness
  
Las Vegas, NV
    
5,664,517
  
Dinan Cars
  
Morgan Hill, CA
    
1,308,156
  
Rite Aid
  
Lake Elsinore, CA
    
349,457
  
Harley Davidson
  
Bedford, TX
    
632,233
  
Chevron Gas Station
  
San Jose, CA
    
128,867
  
   
 
$
10,267,625
  
Property Acquisitions  

During the year ended December 31, 2019, the Company acquired the following real estate properties:
 
Property
  
Land
    
Buildings and
Improvements
    
Tenant
Origination
and Absorption
Costs
    
Above-
Market Lease
Intangibles
    
Below-Market
Lease
Intangibles
    
Total
  
REIT I Property Portfolio:
                                    
Chevron Gas Station, San Jose
  
$
3,787,021
    
$
267,738
    
$
145,577
    
$
41,739
     $ —    
$
4,242,075
  
Levins
    
1,404,863
      
3,024,527
      
221,927
      
26,469
       —
      
4,677,786
  
Chevron Gas Station, Roseville
    
2,636,663
      
1,011,908
      
136,415
      
24,432
       —
      
3,809,418
  
Island Pacific Supermarket
    
676,981
      
1,883,330
      
197,495
       —
      
(76,351
)
    
2,681,455
  
Dollar General, Bakersfield
    
1,099,458
      
3,800,256
      
261,630
       —
      
(41,739
)
    
5,119,605
  
Rite Aid
    
3,939,724
      
2,902,365
      
420,441
      
186,297
       —
      
7,448,827
  
PMI Preclinical
    
4,774,497
      
4,897,677
      
408,225
      
115,036
       —
      
10,195,435
  
EcoThrift
    
2,300,717
      
3,249,509
      
273,846
       —
      
(388,882
)
    
5,435,190
  
GSA (MSHA)
    
399,062
      
2,713,014
      
243,307
       —
      
(101,802
)
    
3,253,581
  
PreK San Antonio
    
963,044
      
11,484,243
      
447,927
       —
      
(28,504
)
    
12,866,710
  
Dollar Tree
    
159,829
      
1,160,538
      
73,298
      
10,180
       —
      
1,403,845
  
Dinan Cars
    
2,453,420
      
3,799,237
       —
       —
       —
      
6,252,657
  
Solar Turbines
    
2,483,960
      
4,649,281
      
284,026
       —
      
(108,928
)
    
7,308,339
  
Wood Group
    
3,461,256
      
6,269,964
      
392,955
       —
       —
      
10,124,175
  
ITW Rippey
    
787,945
      
6,283,198
      
304,387
       —
       —
      
7,375,530
  
Dollar General, Big Spring
    
103,838
      
1,177,845
      
76,351
       —      
(127,252
)
    
1,230,782
  
Gap
    
2,076,754
      
6,301,522
      
360,377
       —
      
(68,207
)
    
8,670,446
  
L-3 Communications
    
3,552,878
      
8,078,979
      
454,035
       —
      
(174,081
)
    
11,911,811
  
Sutter Health
    
2,443,240
      
27,111,815
      
1,616,610
      
87,549
       —
      
31,259,214
  
Walgreens
    
1,832,430
      
3,391,012
      
335,945
      
272,829
      
—
      
5,832,216
  
Total REIT I Property Portfolio
    
41,337,580
      
103,457,958
      
6,654,774
      
764,531
      
(1,115,746
)
    
151,099,097
  
Taylor Fresh Foods
    
4,312,016
      
29,882,353
      
2,894,017
       —
      
(11,526,976
)
    
25,561,410
  
   
$
45,649,596
    
$
133,340,311
    
$
9,548,791
    
$
764,531
    
$
(12,642,722
)
  
$
176,660,507
  
Property Purchase Price  
Purchase price and other acquisition costs
  
$
176,660,507
  
Purchase deposit applied
    
(2,000,000
)
Acquisition fees to affiliate related to Taylor Fresh Foods (Note 9)
    
(741,000
)
Acquisition of real estate before financing
  
$
173,919,507
  
Capitalized Acquisition Fees  

Capitalized acquisition fee paid to the Former Advisor for a property acquired during the year ended December 31, 2019 is as follows:
 
Property
  
Amount
  
Taylor Fresh Foods
  
$
741,000
  
Lease Expiration Dates  

The noncancellable lease terms of the properties acquired during the year ended December 31, 2019 were as follows:
 
Property
  
Lease Expiration
Chevron Gas Station
  
5/27/2025
Levins
  
8/20/2023
Chevron Gas Station
  
9/30/2025
Island Pacific Supermarket
  
5/31/2025
Dollar General
  
7/31/2028
Rite Aid
  
2/25/2028
PMI Preclinical
  
10/31/2025
EcoThrift
  
2/28/2026
GSA (MSHA)
  
8/24/2026
PreK San Antonio
  
7/31/2021
Dollar Tree
  
7/31/2025
Dinan Cars
  
4/30/2023
Solar Turbines
  
2/28/2021
Amec Foster
  
7/31/2021
ITW Rippey
  
8/1/2022
Dollar General Big Spring
  
4/30/2030
Gap
  
2/28/2023
L-3 Communications
  
4/30/2022
Sutter Health
  
10/31/2025
Walgreens
  
2/28/2031
Taylor Fresh Foods
  
9/30/2033
Dispositions and Real Estate Investments Held for Sale

There were no disposals of properties during the three months ended June 30, 2021 nor during the three and six months ended June 30, 2020. The Company sold the following properties during the first quarter of 2021:
 
Property
  
Location
  
Disposition Date
  
Property Type
  
Rentable Square Feet
    
Contract Sale Price
    
Gain on Sale
  
Chevron Gas Station
  
Roseville, CA
  
1/7/2021
  
Retail
    
3,300
    
$
4,050,000
    
$
228,769
  
EcoThrift
  
Sacramento, CA
  
1/29/2021
  
Retail
    
38,536
      
5,375,300
      
51,415
  
Chevron Gas Station
  
San Jose, CA
  
2/12/2021
  
Retail
    
1,060
      
4,288,888
      
9,458
  
Total
                
42,896
    
$
13,714,188
    
$
289,642
  
 

The following table summarizes the major components of assets and liabilities related to real estate investments held for sale as of June 30, 2021 (Dana property) and December 31, 2020 (Harley Davidson, EcoThrift and two Chevron properties):
 
   
June 30,
2021
    
December 31,
2020
  
Assets related to real estate investments held for sale:
            
Land, buildings and improvements
  
$
6,802,876
    
$
25,675,459
  
Tenant origination and absorption costs
    
531,439
      
554,788
  
Accumulated depreciation and amortization
    
(1,958,569
)
    
(1,644,508
)
Real estate investments held for sale, net
    
5,375,746
      
24,585,739
  
Other assets, net
    
671,265
      
1,079,361
  
Total assets related to real estate investments held for sale:
  
$
6,047,011
    
$
25,665,100
  
                 
Liabilities related to real estate investments held for sale:
    
     
 
Mortgage notes payable, net
  
$
4,381,426
    
$
9,088,438
  
Other liabilities, net
    
227,433
      
801,337
  
Total liabilities related to real estate investments held for sale:
  
$
4,608,859
    
$
9,889,775
  
 

The following table summarizes the major components of rental income, expenses and impairment related to real estate investments held for sale as of June 30, 2021 (the property leased to Dana) and 2020 (the property leased to Island Pacific Supermarket located in Elk Grove, CA, the property leased to Rite Aid located in Lake Elsinore, CA, the property leased to Walgreens located in Stockbridge, GA and the property previously leased to Dinan Cars located in Morgan Hill, CA), which were included in continuing operations for the three and six months ended June 30, 2021 and 2020:
 
   
Three Months Ended June 30,
    
Six Months Ended June 30,
  
   
2021
    
2020
    
2021
    
2020
  
Total revenues
  
$
342,198
    
$
312,060
    
$
716,160
    
$
1,480,909
  
Expenses:
    












 
Interest expense
    
63,207
      
83,658
      
138,629
      
221,022
  
Depreciation and amortization
    
49,108
      
185,658
      
122,769
      
375,575
  
Other expenses
    
78,857
      
101,131
      
145,797
      
221,811
  
Impairment
    
—
      
349,457
      
—
      
1,657,613
  
Total expenses
    
191,172
      
719,904
      
407,195
      
2,476,021
  
Net income (loss)
  
$
151,026
    
$
(407,844
)
  
$
308,965
    
$
(995,112
)

The Company sold the following properties during the year ended December 31, 2020:
 
Property
Location
Disposition
Date
Property
Type
  
Rentable Square Feet
    
Contract Sale Price
    
Gain (Loss) on Sale
  
Rite Aid
Lake Elsinore, CA
8/3/2020
Retail
    
17,272
    
$
7,250,000
    
$
(422
)
Walgreens
Stockbridge, GA
8/27/2020
Retail
    
15,120
      
5,538,462
      
1,306,768
  
Island Pacific Supermarket
Elk Grove, CA
9/16/2020
Retail
    
13,963
      
3,155,000
      
387,296
  
Dinan Cars
Morgan Hill, CA
10/28/2020
Industrial
    
27,296
       6,100,000
      
961,836
  
24 Hour Fitness
Las Vegas, NV
12/16/2020
Retail
    
45,000
      
9,052,941
      
1,484,271
  
           
118,651
    
$
31,096,403
    
$
4,139,749
  
 

The following table summarizes the major components of assets and liabilities related to real estate investments held for sale as of December 31, 2020:
 
   
December 31, 2020
  
Assets related to real estate investments held for sale:
      
Land, buildings and improvements
  
$
25,675,459
  
Tenant origination and absorption costs
    
554,788
  
Accumulated depreciation and amortization
    
(1,644,508
)
Real estate investments held for sale, net
    
24,585,739
  
Other assets, net
    
1,079,361
  
Total assets related to real estate investments held for sale:
  
$
25,665,100
  
         
Liabilities related to real estate investments held for sale:
    
 
Mortgage notes payable, net
  
$
9,088,438
  
Other liabilities, net
    
801,337
  
Total liabilities related to real estate investments held for sale:
  
$
9,889,775
  


The following table summarizes the major components of rental income, expenses and impairment related to real estate investments held for sale as of December 31, 2020, which were included in continuing operations for the years ended December 31, 2020 and 2019:
 
   
Year Ended December 31,
  
   
2020
    
2019
  
Total revenues
  
$
2,326,058
    
$
1,325,265
  
Expenses:
    




 
Interest expense
    
552,246
      
323,460
  
Depreciation and amortization
    
737,278
      
344,708
  
Other expenses
    
352,280
      
385,282
  
Impairment of real estate properties
    
761,100
      
—
  
Total expenses
    
2,402,904
      
1,053,450
  
Net (loss) income
  
$
(76,846
)
  
$
271,815
  
Revenue Concentration   The Company’s revenue concentration based on tenants representing greater than 10% of total revenues for the year ended December 31, 2019 is as follows:
 
   
2019
  
Property and Location
  
Revenue
    
Percentage of
Total Revenue
  
AvAir, Chandler, AZ
  
$
2,670,159
      
10.9
%
Future Minimum Contractual Rent Payments Due under Noncancelable Operating Leases

As of June 30, 2021, the future minimum contractual rent payments due to the Company under the Company’s non-cancellable operating leases, including lease amendments executed through August 13, 2021 and excluding rents due related to the real estate investments held for sale, are as follows:
 
July through December 2021
  
$
13,219,545
  
2022
    
25,533,893
  
2023
    
22,070,671
  
2024
    
21,588,111
  
2025
    
18,369,437
  
2026
    
11,524,427
  
Thereafter
    
42,329,568
  
   
$
154,635,652
  

As of December 31, 2020, the future minimum contractual rent payments due under the Company’s noncancelable operating leases, including lease amendments executed subsequent to December 31, 2020 and excluding rents due related to real estate investments held for sale, are as follows:
 
2021
  
$
26,761,843
  
2022
    
24,418,710
  
2023
    
20,157,378
  
2024
    
19,674,819
  
2025
    
16,456,145
  
Thereafter
    
43,827,967
  
   
$
151,296,862
  
Finite-Lived Intangible Assets

The following table sets forth the Company's intangible assets, net as of June 30, 2021 and December 31, 2020 and their related useful lives:

Intangible Assets
Weighted-
Average
Useful Life
  
June 30,
2021
    
December 31,
2020
  
Investor list, net
5.0 years
  
$
3,494,740
    
$
3,494,740
  
Web services technology, domains and licenses
3.0 years
    
3,577,852
      
3,466,102
  
       
7,072,592
      
6,960,842
  
Accumulated amortization
      
(2,758,793
)
    
(1,833,054
)
Net
    
$
4,313,799
    
$
5,127,788
  

As of December 31, 2020 and 2019, the Company’s intangible assets were as follows:
 
   
December 31, 2020
    
December 31, 2019
  
   
Tenant
Origination
and Absorption
Costs
    
Above-Market
Lease
Intangibles
    
Below-Market
Lease
Intangibles
    
Tenant
Origination
and Absorption
Costs
    
Above-Market
Lease
Intangibles
    
Below-Market
Lease
Intangibles
  
Cost
  
$
23,792,057
    
$
1,128,549
    
$
(15,163,672
)
  
$
27,266,610
    
$
1,547,646
    
$
(15,713,975
)
Accumulated amortization
    
(9,695,960
)
    
(307,707
)
    
2,597,935
      
(6,005,248
)
    
(295,912
)
    
1,122,616
  
Net amount
  
$
14,096,097
    
$
820,842
    
$
(12,565,737
)
  
$
21,261,362
    
$
1,251,734
    
$
(14,591,359
)
Finite-Lived Intangible Assets, Future Amortization As of June 30, 2021, the amortization of intangible assets for the nine months ending December 31, 2021 and for each year of the next five years and thereafter is expected to be as follows:
 
   
Tenant
Origination and
Absorption Costs
    
Above-Market
Lease Intangibles
    
Below-Market
Lease Intangibles
  
July through December 2021
  
$
1,609,387
    
$
64,909
    
$
(727,614
)
2022
    
2,682,533
      
129,823
      
(1,217,029
)
2023
    
1,805,532
      
127,174
      
(921,169
)
2024
    
1,689,428
      
122,543
      
(917,750
)
2025
    
1,311,545
      
115,996
      
(917,750
)
2026
    
601,734
      
78,557
      
(912,347
)
Thereafter
    
2,659,530
      
116,927
      
(6,216,928
)
   
$
12,359,689
    
$
755,929
    
$
(11,830,587
)
                         
Weighted-average remaining amortization period
  
7.1 years
    
6.8 years
    
11.9 years
  
As of December 31, 2020, amortization of intangible assets for each year of the next five years and thereafter is expected to be as follows:
 
   
Tenant
Origination and
Absorption Costs
    
Above-Market
Lease
Intangibles
    
Below-Market
Lease
Intangibles
  
2021
  
$
3,801,383
    
$
129,823
    
$
(1,462,730
)
2022
    
2,628,700
      
129,823
      
(1,217,076
)
2023
    
1,751,653
      
127,174
      
(921,169
)
2024
    
1,625,159
      
122,543
      
(917,750
)
2025
    
1,242,973
      
115,995
      
(917,750
)
Thereafter
    
3,046,229
      
195,484
      
(7,129,262
)
   
$
14,096,097
    
$
820,842
    
$
(12,565,737
)
                         
Weighted-Average Remaining Amortization Period
  
7.1 years
    
7.2 years
    
12.2 years