v3.25.4
Investments in Unconsolidated Real Estate Ventures - Summary of Investments in Unconsolidated Real Estate Ventures (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Carrying Value of Investment $ 29,668 $ 32,782
Dupont Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] October 2019  
Carrying Value of Investment [1] $ 583 3,358
East York, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] June 2020  
Carrying Value of Investment [1] $ 5,209 4,945
Brampton, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] November 2020  
Carrying Value of Investment [1] $ 1,597 1,533
Vaughan, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] January 2021  
Carrying Value of Investment [1] $ 2,064 2,019
Oshawa, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] August 2021  
Carrying Value of Investment [1] $ 285 938
Scarborough, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] November 2021  
Carrying Value of Investment [1] $ 2,099 1,969
Aurora, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] December 2022  
Carrying Value of Investment [1] $ 256 1,935
Kingspoint Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] March 2023  
Carrying Value of Investment [1] $ 2,448 3,299
Whitby Property    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] January 2024  
Carrying Value of Investment [1] $ 3,830 7,661
Markham Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1] May 2024  
Carrying Value of Investment [1] $ 3,155 2,470
Regent Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [2] Under Development  
Carrying Value of Investment [2] $ 3,839 2,655
Allard Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [3] Under Development  
Carrying Value of Investment [3] $ 1,270 0
Finch Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [4] Under Development  
Carrying Value of Investment [4] $ 3,033 $ 0
[1] As of December 31, 2025, these operating properties were encumbered by first mortgages pursuant to the RBC JV Term Loan III (defined below).
[2] The property is currently under development to become a self storage facility.
[3] On August 12, 2025, we acquired this joint venture parcel of land in Edmonton, Alberta, Canada, with SmartCentres, and have initiated the process to develop this property into a self storage property.
[4] On December 19, 2025, we acquired this joint venture parcel of land in Toronto, Canada, with SmartCentres, and have initiated the process to develop this property into a self storage property.