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REAL ESTATE INVESTMENTS, NET (Q2) (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 |
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 |
Rental Payments for 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 |
Intangible Assets | As of June 30, 2021, the Company’s lease intangible assets were as follows:
|  | Tenant Origination and Absorption Costs |  |  | Above-Market Lease Intangibles |  |  | Below-Market Lease Intangibles |
Cost |  | $ | 23,570,335 |  |  | $ | 1,128,549 |  |  | $ | (15,097,132 | )
Accumulated amortization |  |  | (11,210,646 | ) |  |  | (372,620 | ) |  |  | 3,266,545 |
Net amount |  | $ | 12,359,689 |  |  | $ | 755,929 |  |  | $ | (11,830,587 | )
Intangible Assets 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 |

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