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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Real estate facilities:    
Land $ 420,522,591 $ 397,508,081
Buildings 1,377,311,421 1,117,204,944
Site improvements 89,371,633 78,910,603
Real estate investment property, gross 1,887,205,645 1,593,623,628
Accumulated depreciation (202,682,688) (155,926,875)
Real estate investment property 1,684,522,957 1,437,696,753
Construction in process 4,490,926 1,799,004
Real estate facilities, net 1,689,013,883 1,439,495,757
Cash and cash equivalents 39,486,588 37,254,226
Restricted cash 6,551,803 7,432,135
Investments in unconsolidated real estate ventures (Note 4) 28,522,082 18,943,284
Investments in and advances to Managed REITs 62,371,167 12,404,380
Other assets, net 34,131,543 15,423,508
Intangible assets, net of accumulated amortization 15,553,303 14,337,820
Trademarks, net of accumulated amortization 15,911,765 16,052,941
Goodwill 53,643,331 53,643,331
Debt issuance costs, net of accumulated amortization 2,031,922 3,305,394
Total assets [1] 1,947,217,387 1,618,292,776
LIABILITIES, TEMPORARY EQUITY, AND EQUITY    
Debt, net 1,068,371,956 873,866,855
Accounts payable and accrued liabilities 28,151,741 22,693,941
Due to affiliates 409,730 584,291
Distributions payable 9,324,453 8,360,420
Contingent earnout 0 30,000,000
Deferred tax liability 6,205,620 7,719,098
Total liabilities 1,112,463,500 943,224,605
Commitments and contingencies (Note 12)
Equity:    
Additional paid-in capital 894,283,954 724,739,872
Distributions (266,151,517) (210,964,464)
Accumulated deficit (164,524,595) (170,846,475)
Accumulated other comprehensive loss 3,654,682 (279,975)
Total SmartStop Self Storage REIT, Inc. equity 467,359,462 342,734,072
Noncontrolling interests in our Operating Partnership 94,405,766 64,632,417
Other noncontrolling interests 54,479 10,900
Total noncontrolling interests 94,460,245 64,643,317
Total equity 561,819,707 407,377,389
Total liabilities and equity 1,947,217,387 1,618,292,776
Redeemable Common Stock    
LIABILITIES, TEMPORARY EQUITY, AND EQUITY    
Redeemable common stock / Preferred stock 76,578,073 71,334,675
Series A Convertible Preferred Stock    
LIABILITIES, TEMPORARY EQUITY, AND EQUITY    
Redeemable common stock / Preferred stock 196,356,107 196,356,107
Class A Common stock    
Equity:    
Common stock, value 88,853 77,058
Class T Common stock    
Equity:    
Common stock, value $ 8,085 $ 8,056
[1] Other than our investments in and advances to Managed REITs, substantially all of our investments in real estate facilities and intangible assets made during the years ended December 31, 2022 and 2021 were associated with our self storage platform.