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Investments in Unconsolidated Real Estate Ventures (Tables)
 12 Months Ended
Dec. 31, 2022
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 "JV Properties"):

 

JV Property

 

Date Real Estate Venture Became Operational

 

Carrying Value
of Investment as of
December 31, 2022

 

 

Carrying Value
of Investment as of
December 31, 2021

 

Dupont (1)

 

October 2019

 

$

4,245,434

 

 

$

-

 

East York (2)

 

June 2020

 

 

6,039,951

 

 

 

6,393,576

 

Brampton (2)

 

November 2020

 

 

2,166,186

 

 

 

2,354,346

 

Vaughan (2)

 

January 2021

 

 

2,625,089

 

 

 

2,871,265

 

Oshawa (2)

 

August 2021

 

 

1,506,798

 

 

 

1,801,413

 

Scarborough (2)

 

November 2021

 

 

2,364,175

 

 

 

2,862,677

 

Aurora (1)

 

December 2022

 

 

2,546,407

 

 

 

-

 

Kingspoint (2)

 

March 2023

 

 

3,342,969

 

 

 

2,660,007

 

Markham (1)

 

Under Development

 

 

1,038,541

 

 

 

-

 

Regent (3)

 

Under Development

 

 

2,646,532

 

 

 

-

 

 

 

 

 

$

28,522,082

 

 

$

18,943,284

 
(1)
These joint venture properties were acquired through the SSGT II Merger.
(2)
These joint venture properties were acquired through the SST IV Merger.
(3)
This property is currently leased as a single tenant industrial lease. The joint venture plans to develop this property into a self storage facility in the future.