XML 107 R92.htm IDEA: XBRL DOCUMENT v3.21.2
RELATED PARTY TRANSACTIONS - Narrative (FY) (Details)
1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended 18 Months Ended
Feb. 01, 2021
Aug. 28, 2020
USD ($)
Jul. 31, 2020
USD ($)
Mar. 02, 2020
USD ($)
property
Jul. 31, 2020
USD ($)
shares
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Dec. 31, 2020
USD ($)
shares
Dec. 31, 2019
USD ($)
notesPayable
property
loan
shares
Sep. 30, 2019
USD ($)
Apr. 23, 2020
USD ($)
Dec. 31, 2018
USD ($)
Related Party Transaction [Line Items]                              
Payments to independent member of Company's board of directors for services rendered         $ 31,250                    
Related party payable                     $ 0 $ 630,820      
Reverse stock split, conversion ratio 0.3333                            
Repayments of related party debt                     0 107,500      
Amount paid for related party transactions                     0        
Related party receivable                     $ 0 $ 2,332      
Property management fees percentage                     1.50%        
Number of real estate properties under property management services | property                       10      
Leasing commissions and fees, percentage of rents                     6.00%        
Leasing commission fee, renewal rate                     3.00%        
Limitation as of average invested assets (as a percent)                         2.00%    
Limitation as of net income (as a percent)                         25.00%    
Hosting services agreement term                       3 years      
Hosting services agreement term, renewal period                       1 year      
Hosting services agreement term, termination notice period                       90 days      
Leasing Commission Fees                              
Related Party Transaction [Line Items]                              
Amount paid for related party transactions                       $ 0      
Waiver of asset management fees                              
Related Party Transaction [Line Items]                              
Related party transaction fees                       0      
Monthly asset management fees waive percentage                     0.025%        
Financing coordination fees                              
Related Party Transaction [Line Items]                              
Related party payable                       0      
Amount paid for related party transactions                       107,500      
Related party receivable                       $ 0      
Number of loans related to financing coordination fees | loan                       2      
Property Selling Fee                              
Related Party Transaction [Line Items]                              
Related party transaction fees, percentage                     3.00%        
Due from TIC                              
Related Party Transaction [Line Items]                              
Related party payable                       $ 0      
Amount paid for related party transactions                       0      
Related party receivable                       954      
Reimbursable organizational and offering expenses                              
Related Party Transaction [Line Items]                              
Related party payable                       0      
Amount paid for related party transactions                       1,206,881      
Related party receivable                       0      
Accrual organization and offering cost                   $ 5,429,105     $ 5,429,105    
Due from BRIX REIT                              
Related Party Transaction [Line Items]                              
Related party payable                       0      
Amount paid for related party transactions                     $ 0 0      
Related party receivable                       1,378      
Sponsor reimbursement                              
Related Party Transaction [Line Items]                              
Related party transaction fees                   373,252          
Acquisition fees                              
Related Party Transaction [Line Items]                              
Related party transaction fees, percentage                     3.00%        
Amount paid for related party transactions                       746,459      
Asset Management Fees                              
Related Party Transaction [Line Items]                              
Related party payable                       0      
Related party transaction fees, percentage                     0.10%        
Amount paid for related party transactions                       2,777,021      
Related party receivable                       0      
Disposition Fees                              
Related Party Transaction [Line Items]                              
Related party transaction fees, percentage                     6.00%        
Amount paid for related party transactions                       0      
Subordinated participation fees                              
Related Party Transaction [Line Items]                              
Related party payable                             $ 839,050
Reimbursable operating expense                              
Related Party Transaction [Line Items]                              
Related party payable                       0      
Amount paid for related party transactions                       528,000      
Related party receivable                       0      
Advisor fees                              
Related Party Transaction [Line Items]                              
Related party transaction fees, percentage                     0.10%        
Amount paid for related party transactions                     $ 263,971        
Asset management fees due from BRIX REIT, Inc.                              
Related Party Transaction [Line Items]                              
Related party receivable                       285,818      
Maximum | Acquisition fees                              
Related Party Transaction [Line Items]                              
Related party transaction fees, percentage                     6.00%        
Sponsor                              
Related Party Transaction [Line Items]                              
Employment related legal fees                   $ 40,915          
Sponsor | Reimbursable organizational and offering expenses                              
Related Party Transaction [Line Items]                              
Gross offering proceeds, percentage                   3.00%          
Advisor                              
Related Party Transaction [Line Items]                              
Financing coordination fees percentage                     1.00%        
Subordinated participation fees percentage                     30.00%        
Board of Directors Chairman | Secured Notes Payable                              
Related Party Transaction [Line Items]                              
Related party payable                       $ 630,820      
Related party transaction fees, percentage               10.00%     10.00%        
Related party transaction, number of notes payable | notesPayable                       2      
Balloon payment due at maturity                           $ 437,862  
Board of Directors Chairman | Secured Notes Payable, Note One                              
Related Party Transaction [Line Items]                              
Balloon payment due at maturity                           218,931  
Board of Directors Chairman | Secured Notes Payable, Note Two                              
Related Party Transaction [Line Items]                              
Balloon payment due at maturity                           $ 218,931  
Santa Clara | Advisor fees                              
Related Party Transaction [Line Items]                              
Amount paid for related party transactions           $ 47,984 $ 47,984 $ 95,967 $ 95,967   $ 191,933 $ 191,933      
Wirta Trust | Board of Directors Chairman                              
Related Party Transaction [Line Items]                              
Notes payable, related party       $ 4,000,000                      
Number of real estate properties under mortgages | property       2                      
Related party transaction fees, percentage       8.00%                      
Wirta Trust | Board of Directors Chairman | Chevron Gas Station, San Jose                              
Related Party Transaction [Line Items]                              
Repayments of related party debt     $ 2,000,000                        
Wirta Trust | Board of Directors Chairman | Chevron Gas Station, Roseville                              
Related Party Transaction [Line Items]                              
Repayments of related party debt   $ 2,000,000                          
Subsequent Event                              
Related Party Transaction [Line Items]                              
Reverse stock split, conversion ratio 0.3333                            
Class C                              
Related Party Transaction [Line Items]                              
Common stock issued to board of directors (in shares) | shares         4,821                    
Reverse stock split, conversion ratio               1       1      
Director                              
Related Party Transaction [Line Items]                              
Payments to independent member of Company's board of directors for services rendered                     407,083 $ 372,500      
Related party payable             $ 101,250   $ 101,250   21,250 57,500      
Amount paid in cash to board of directors                     50,000 0      
Director | Class C                              
Related Party Transaction [Line Items]                              
Value of stock issued to board of directors                     $ 357,083 $ 315,000      
Common stock issued to board of directors (in shares) | shares                     16,786 10,335