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INTEREST RATE SWAP DERIVATIVES (Q2) (Tables) | 1 Months Ended | 6 Months Ended | 12 Months Ended
--- | --- | --- | ---
Dec. 31, 2020 | Jun. 30, 2021 | Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |  |  |
Derivative Instruments |  | The following table summarizes the notional amount and other information related to the Company’s interest rate swaps as of June 30, 2021 and December 31, 2020, respectively:
|  | June 30, 2021 |  | December 31, 2020
Derivative Instruments |  | Number of Instruments |  |  | Notional Amount (i) |  | Reference Rate (ii) |  | Weighted Average Fixed Pay Rate |  | Weighted Average Remaining Term |  | Number of Instruments |  |  | Notional Amount (i) |  | Reference Rate (iii) |  | Weighted Average Fixed Pay Rate |  | Weighted Average Remaining Term
Interest Rate Swap Derivatives (iv) |  |  | 4 |  |  | $ | 26,291,600 |  | One-month LIBOR + applicable spread/Fixed at 4.05%-5.16% |  |  | 4.55 | % | 2.6 years |  |  | 8 |  |  | $ | 36,617,164 |  | One-month LIBOR + applicable spread/Fixed at 3.13%-5.16% |  |  | 3.35 | % | 2.2 years
• | The notional amount of the Company’s swaps decreases each month to correspond to the outstanding principal balance on the related mortgage. The minimum notional amounts (outstanding principal balance at the maturity date) as of June 30, 2021 and December 31, 2020 were $24,935,999 and $34,989,063, respectively.
• | The reference rate was as of June 30, 2021.
• | The reference rate was as of December 31, 2020.
• | The Company terminated swap agreements related to the GSA and Eco-Thrift properties during the six months ended June 30, 2021 and terminated the swap agreement related to the Dinan Cars property mortgage loan during the six months ended June 30, 2020 at aggregate costs of $23,900 and $47,000, respectively (see Note 7).
| The following table summarizes the notional amount and other information related to the Company’s interest rate swaps as of December 31, 2020 and 2019.
| December 31, 2020 | December 31, 2019
Derivative Instruments | Number of Instruments |  | Notional Amount (i) |  | Reference Rate (ii) | Weighted Average Fixed Pay Rate |  | Weighted Average Remaining Term | Number of Instruments |  | Notional Amount (i) |  | Reference Rate (iii) | Weighted Average Fixed Pay Rate |  | Weighted Average Remaining Term
Interest Rate Swap Derivatives |  |  | 8 |  |  | $ | 36,617,164 |  | One-month LIBOR + applicable spread/Fixed at 3.13%-5.16% |  |  | 3.35 | % | 2.2 years |  |  | 12 |  |  | $ | 48,215,139 |  | One-month LIBOR + applicable spread/Fixed at 2.76%-5.16% |  |  | 3.87 | % | 2.9 years
(i) | The notional amount of the Company’s swaps decreases each month to correspond to the outstanding principal balance on the related mortgage. The minimum notional amounts (outstanding principal balance at the maturity date) as of December 31, 2020 and 2019 were $34,989,063 and $45,514,229, respectively.
(ii) | The reference rate was as of December 31, 2020.
(iii) | The reference rate was as of December 31, 2019.
Statement of Financial Position | The following table sets forth the fair value of the Company’s derivative instruments (Level 2 measurement), as well as their classification in the consolidated balance sheets:
|  | December 31, 2020 |  | December 31, 2019 |
Derivative Instrument | Balance Sheet Location | Number of Instruments |  | Fair Value |  | Number of Instruments |  | Fair Value |
Interest Rate Swaps | Asset - Interest rate swap derivatives, at fair value (*) |  |  | — |  |  | $ | — |  |  |  | 5 |  |  | $ | 34,567 |
Interest Rate Swaps | Liability - Interest rate swap derivatives, at fair value (*) |  |  | 8 |  |  | $ | (1,743,889 | ) |  |  | 7 |  |  | $ | (1,021,724 | )
(*) | The fair value of the five interest rate swap derivative assets and three interest rate derivative liabilities assumed from the Merger was $34,567 and $(51,514), respectively, as of December 31, 2019.
| The following table sets forth the fair value of the Company’s derivative instruments (Level 2 measurement), as well as their classification in the unaudited condensed consolidated balance sheets:
|  | June 30, 2021 |  | December 31, 2020 |
Derivative Instrument | Balance Sheet Location | Number of Instruments |  | Fair Value |  | Number of Instruments |  | Fair Value |
Interest Rate Swaps | Asset - Interest rate swap derivatives, at fair value |  |  | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Interest Rate Swaps | Liability - Interest rate swap derivatives, at fair value |  |  | 4 |  |  | $ | (1,240,336 | ) |  |  | 8 |  |  | $ | (1,743,889 | )

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