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Debt - Schedule of Summarized Real Estate Secured Debt (Parenthetical) (Detail)

12 Months Ended

Apr. 28, 2022

USD ($)

Apr. 15, 2021

USD ($)

Mar. 17, 2021

USD ($)

Property

Dec. 31, 2022

USD ($)

Property

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

May 19, 2022

USD ($)

Debt Instrument [Line Items]

Debt Instrument Carrying Amount

$ 1,072,958,927

Fully repayment of debt

86,237,235

$ 422,190,754

$ 0

Net loss on extinguishment of debt

(2,393,475)

(2,444,788)

$ 0

KeyBank SST IV CMBS Loan

Debt Instrument [Line Items]

Number of properties encumbered | Property

7

Senior notes maturity date

Feb. 01, 2030

Debt Instrument Carrying Amount

$ 40,500,000

SST IV TCF Loan

Debt Instrument [Line Items]

Debt Instrument Carrying Amount

$ 40,800,000

$ 0

^[1]

40,782,500

^[1]

SST IV TCF Loan | SST IV Merger

Debt Instrument [Line Items]

Fully repayment of debt

$ 40,800,000

Fixed Rate Secured Debt | KeyBank CMBS Loan

Debt Instrument [Line Items]

Number of properties encumbered | Property

29

Senior notes maturity date

^[2]

Aug. 01, 2026

Debt Instrument Fixed Rate

^[2]

3.89%

Debt Instrument Carrying Amount

^[2]

$ 92,784,412

94,459,583

Fixed Rate Secured Debt | KeyBank Property Loan

Debt Instrument [Line Items]

Number of properties encumbered | Property

5

Fixed Rate Secured Debt | Midland North Carolina CMBS Loan

Debt Instrument [Line Items]

Number of properties encumbered | Property

11

Loan defeasance costs

$ 47,900,000

Debt Instrument Carrying Amount

^[3]

$ 0

45,758,741

Net loss on extinguishment of debt

$ (2,400,000)

Fixed Rate Secured Debt | CMBS Loan

Debt Instrument [Line Items]

Number of properties encumbered | Property

10

Senior notes maturity date

^[4]

Feb. 01, 2029

Debt Instrument Fixed Rate

^[4]

5.00%

Debt Instrument Carrying Amount

^[4]

$ 104,000,000

$ 104,000,000

BMO Loan | Oakville III Property

Debt Instrument [Line Items]

Proceeds from line of credit

$ 16,300,000

BMO Loan | CDOR | Oakville III Property

Debt Instrument [Line Items]

Debt Instrument, Interest Rate

2.25%

[1]	On March 17, 2021, in connection with the SST IV Merger, we assumed a term loan with TCF National Bank, a national banking association (“TCF”), as lead arranger and administrative agent for up to $40.8 million (the “SST IV TCF Loan”). The SST IV TCF Loan was secured by a first mortgage on each of the Ocoee Property, the Ardrey Kell Property, the Surprise Property, the Escondido Property, and the Punta Gorda Property (the “SST IV TCF Properties”). This loan was fully paid off on April 28, 2022 in the amount of $40.8 million. There were no prepayment penalties for this pay off.
[2]	This fixed rate loan encumbers 29 properties (Whittier, La Verne, Santa Ana, Upland, La Habra, Monterey Park, Huntington Beach, Chico, Lancaster I, Riverside, Fairfield, Lompoc, Santa Rosa, Federal Heights, Aurora, Littleton, Bloomingdale, Crestwood, Forestville, Warren I, Sterling Heights, Troy, Warren II, Beverly, Everett, Foley, Tampa, Boynton Beach, and Lancaster II) with monthly interest only payments until September 2021, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts.
[3]	This fixed rate loan previously encumbered 11 properties (Asheville I, Arden, Asheville II, Hendersonville I, Asheville III, Asheville IV, Asheville V, Asheville VI, Asheville VII, Asheville VIII, and Hendersonville II) with monthly interest only payments until September 2019, at which time both interest and principal payments became due monthly. This loan was fully defeased on May 19, 2022 for approximately $47.9 million, inclusive of loan defeasance costs. In connection with this loan defeasance, we recorded a net loss on extinguishment of debt of approximately $2.4 million.
[4]	This fixed rate, interest only loan encumbers 10 properties (Myrtle Beach I, Myrtle Beach II, Port St. Lucie, Plantation, Sonoma, Las Vegas I, Las Vegas II, Las Vegas III, Ft Pierce, Nantucket Island). The separate assets of these encumbered properties are not available to pay our other debts.

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Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

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Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

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Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format.

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