INVESTMENT IN UNCONSOLIDATED ENTITY (FY) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Investments, Debt and Equity Securities [Abstract]

Equity Method Investments

The Company’s investment in unconsolidated entity as of June 30, 2021 and December 31, 2020 is as follows:

	June 30, 2021		December 31, 2020
The TIC Interest	$	9,987,703	$	10,002,368

The Company’s investment in unconsolidated entity as of December 31, 2020 and 2019 is as follows:

	December 31,
	2020		2019
The TIC Interest	$	10,002,368	$	10,388,588

Entities Equity In Earnings

The Company’s income (loss) from investments in unconsolidated entities for the years ended December 31, 2020 and 2019 is as follows:

	Years Ended December 31,
	2020			2019
The TIC Interest		$	296,780		$	296,691
REIT I			—			(62,643	)
Total		$	296,780		$	234,048

Summarized Financial Information

The following is summarized financial information for the Santa Clara property as of and for the years ended December 31, 2020 and 2019:

	December 31,
	2020		2019
Assets:
Real estate investments, net	$	29,906,146	$	30,858,240
Cash and cash equivalents		380,774		275,760
Other assets		164,684		228,770
Total assets	$	30,451,604	$	31,362,770
Liabilities:
Mortgage notes payable, net	$	13,489,126	$	13,746,635
Below-market lease, net		2,806,973		2,953,360
Other liabilities		92,777		68,587
Total liabilities		16,388,876		16,768,582
Total equity		14,062,728		14,594,188
Total liabilities and equity	$	30,451,604	$	31,362,770

	Years Ended December 31,
	2020		2019
Total revenue	$	2,694,874	$	2,705,126
Expenses:
Depreciation and amortization		999,929		993,564
Interest expense		565,778		574,086
Other expenses		721,279		731,044
Total expenses		2,286,986		2,298,694
Net income	$	407,888	$	406,432

The following is REIT I's summarized results of operations for the year ended December 31, 2019:

	Year Ended December 31, 2019
Total revenue	$	13,132,226
Expenses:
Depreciation and amortization		5,787,709
Interest expense		3,425,625
Other expenses		5,342,365
Total expenses		14,555,699
Other income:
Gain on sale of real estate investment property, net		(1,850,845	)
Loss on debt restructuring		1,964,618
Total other income		113,773
Net loss	$	(1,309,700	)