Investments in Unconsolidated Real Estate Ventures (Tables) |
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| Equity Method Investments and Joint Ventures [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Investments in Unconsolidated Real Estate Ventures | The following table summarizes our 50% ownership interests in investments in unconsolidated real estate ventures in Canada (the “Canadian JV Properties”) (in thousands):
(1) These joint venture properties were acquired through our merger with Strategic Storage Growth Trust II, Inc., which closed on June 1, 2022. (2) These joint venture properties were acquired through our merger with Strategic Storage Trust IV, Inc., which closed on March 17, 2021. (3) This property was occupied pursuant to a single tenant industrial lease until October 2024. The property is under development to become a self storage facility. (4) This property was acquired on January 12, 2023 in connection with a purchase agreement assumed in our merger with Strategic Storage Growth Trust II, Inc., which closed on June 1, 2022. (5) These properties are encumbered by first mortgages pursuant to the RBC JV Term Loan II (defined below). (6) These properties are encumbered by first mortgages pursuant to the RBC JV Term Loan (defined below). (7) This property is encumbered by a first mortgage pursuant to the SmartCentres Financings (defined below). (8)
On August 12, 2025, we acquired this joint venture parcel of land in Edmonton, Alberta, Canada, with SmartCentres, and intend to develop it into a self storage property. |
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