v3.25.3
Investments in Unconsolidated Real Estate Ventures - Summary of Investments in Unconsolidated Real Estate Ventures (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Carrying Value of Investment $ 34,899 $ 32,782
Dupont Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1],[2] October 2019  
Carrying Value of Investment [1],[2] $ 3,305 3,358
East York, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [2],[3] June 2020  
Carrying Value of Investment [3] $ 5,025 [4] 4,945 [2]
Brampton, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [2],[3] November 2020  
Carrying Value of Investment [3] $ 1,507 [4] 1,533 [2]
Vaughan, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [2],[3] January 2021  
Carrying Value of Investment [3] $ 1,980 [4] 2,019 [2]
Oshawa, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [2],[3] August 2021  
Carrying Value of Investment [3] $ 835 [4] 938 [2]
Scarborough, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [3],[4] November 2021  
Carrying Value of Investment [3],[4] $ 1,981 1,969
Aurora, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1],[4] December 2022  
Carrying Value of Investment [1],[4] $ 1,768 1,935
Kingspoint Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [3],[4] March 2023  
Carrying Value of Investment [3],[4] $ 3,247 3,299
Whitby Property    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [5] January 2024  
Carrying Value of Investment [5] $ 7,896 7,661
Markham Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1],[6] May 2024  
Carrying Value of Investment [1],[6] $ 2,493 2,470
Regent Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [7] Under Development  
Carrying Value of Investment [7] $ 3,675 2,655
Allard Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [8] Under Development  
Carrying Value of Investment [8] $ 1,187 $ 0
[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 properties are encumbered by first mortgages pursuant to the RBC JV Term Loan (defined below).
[3] These joint venture properties were acquired through our merger with Strategic Storage Trust IV, Inc., which closed on March 17, 2021.
[4] These properties are encumbered by first mortgages pursuant to the RBC JV Term Loan II (defined below).
[5] 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.
[6] This property is encumbered by a first mortgage pursuant to the SmartCentres Financings (defined below).
[7] 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.
[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.