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Condensed Consolidated Statements of Operations (Q2) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Rental income $ 9,173,000 $ 9,277,020 $ 18,213,863 $ 20,331,429
Expenses:        
General and administrative 2,875,869 2,369,358 6,158,753 4,924,363
Depreciation and amortization 3,978,323 4,480,262 8,003,026 9,115,786
Interest expense 2,098,649 2,558,877 3,879,785 6,463,533
Property expenses 1,697,886 1,854,637 3,452,833 3,803,356
Impairment of real estate investment properties (400,999) 349,457 (400,999) 9,506,525
Impairment of goodwill and intangible assets 0 0 0 34,572,403
Reserve for loan guarantee 0 (4,253) 0 3,125,037
Total expenses 10,249,728 11,608,338 21,093,398 71,511,003
Other operating income:        
Gain on sale of real estate investments 0 0 289,642 0
Real estate operating loss (1,076,728) (2,331,318) (2,589,893) (51,179,574)
Other income:        
Interest income 51 605 100 4,822
Income from investments in unconsolidated entities 74,834 125,658 147,302 146,411
Gain on forgiveness of economic relief note payable 0 0 517,000 0
Other 0 (4,855) 20,000 (4,855)
Other (expense) income, net 74,885 121,408 684,402 146,378
Net loss $ (1,001,843) $ (2,209,910) $ (1,905,491) $ (51,033,196)
Net loss per share, basic (in usd per share) $ (0.13) $ (0.28) $ (0.25) $ (6.39)
Net loss per share, diluted (in usd per share) $ (0.13) $ (0.28) $ (0.25) $ (6.39)
Weighted-average number of common shares outstanding, basic (in shares) 7,614,196 8,032,467 7,630,401 7,992,108
Weighted-average number of common shares outstanding, diluted (in shares) 7,614,196 8,032,467 7,630,401 7,992,108
Distributions declared per common share (in usd per share) $ 0.2625 $ 0.4080 $ 0.5250 $ 0.9330