XML 89 R68.htm IDEA: XBRL DOCUMENT v3.22.4
Related Party Transactions - Additional Information (Detail)
 3 Months Ended 12 Months Ended
Dec. 20, 2022
USD ($)
Oct. 25, 2022
Aug. 09, 2022
USD ($)
Jun. 01, 2022
USD ($)
StorageProperty
StorageFacility
Mar. 01, 2022
Dec. 30, 2021
USD ($)
StorageFacility
Nov. 12, 2021
USD ($)
Mar. 17, 2021
USD ($)
Mar. 11, 2021
USD ($)
Jun. 28, 2019
shares
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
StorageFacility
shares
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Aug. 29, 2022
USD ($)
May 01, 2022
USD ($)
Oct. 07, 2021
USD ($)
Apr. 16, 2021
USD ($)
Mar. 10, 2021
USD ($)
Related Party Transaction [Line Items]                                      
Gain resulting from acquisition of unconsolidated affiliates                       $ 16,101,237              
Maximum dealer manager commission fee percentage of proceeds from Primary Offering                       3.00%              
Change in deferred tax liability                       $ (1,073,318) $ (2,025,869) $ (5,926,732)          
Number of self storage facilities | StorageFacility           2           153              
Principal borrowing amount                                 $ 700,000,000    
Managed REIT Platform Expenses                                      
Related Party Transaction [Line Items]                                      
Reimbursements payable to SAM under the Administrative Services Agreement                       $ 300,000 200,000            
Managed REIT Platform Revenue                                      
Related Party Transaction [Line Items]                                      
Percentage of revenue from tenant protection programs                       0.10%              
Receivables due from related parties                       $ 2,000,000.0 1,400,000            
SSGT II Merger Agreement                                      
Related Party Transaction [Line Items]                                      
Subordinated distribution value                               $ 16,100,000      
Gain resulting from acquisition of unconsolidated affiliates       $ 16,100,000                              
Write-off of carrying value related to intangible asset       1,400,000                              
Change in deferred tax liability       $ 300,000                              
Number of self storage facilities | StorageFacility       10                              
Number of operating self storage property | StorageProperty       2                              
Class A Common stock                                      
Related Party Transaction [Line Items]                                      
Sale commission fees percentage of proceed from Primary Offering                       7.00%              
Class T Common stock                                      
Related Party Transaction [Line Items]                                      
Sale commission fees percentage of proceed from Primary Offering                       2.00%              
Class A-2 Units                                      
Related Party Transaction [Line Items]                                      
Limited Partnership Units | shares                   3,283,302                  
Managed REIT                                      
Related Party Transaction [Line Items]                                      
Equity method investment, ownership percentage                       0.10%              
TRS Subsidiary | Managed REIT Platform Revenue                                      
Related Party Transaction [Line Items]                                      
Percentage of revenue from tenant protection programs                       99.90%              
TRS Subsidiary | Managed REIT                                      
Related Party Transaction [Line Items]                                      
Equity method investment, ownership percentage                       99.90%              
Pacific Oak Holding Group                                      
Related Party Transaction [Line Items]                                      
Variable interest entity non-voting ownership percentage         10.00%                            
SmartStop Asset Management                                      
Related Party Transaction [Line Items]                                      
Percentage of non-voting equity owned                       15.00%              
SmartStop Asset Management | Strategic Transfer Agent Services, LLC                                      
Related Party Transaction [Line Items]                                      
Percentage of membership interest                       100.00%              
Transfer Agent Agreement                                      
Related Party Transaction [Line Items]                                      
Transfer agent agreement term                       3 years              
Transfer agent renewal agreement term                       1 year              
Transfer agent agreement termination description                       The initial term of the transfer agent agreement was three years, which term is automatically renewed for one year successive terms, but either party may terminate the transfer agent agreement upon 90 days’ prior written notice. In the event that we terminate the transfer agent agreement, other than for cause, we will pay our transfer agent all amounts that would have otherwise accrued during the remaining term of the transfer agent agreement; provided, however, that when calculating the remaining months in the term for such purposes, such term is deemed to be a 12 month period starting from the date of the most recent annual anniversary date.              
SST IV Advisor                                      
Related Party Transaction [Line Items]                                      
Monthly asset management fee                       0.0833%              
Monthly asset management fee one twelfth of less than one percentage of average invested assets                       one-twelfth of 1%              
Write-off of carrying value related to intangible asset               $ 5,300,000                      
write-off related to special limited partnership interest               1,200,000                      
SST IV Advisor | Other Income                                      
Related Party Transaction [Line Items]                                      
Change in deferred tax liability                         1,400,000            
SSGT II Advisor                                      
Related Party Transaction [Line Items]                                      
Monthly asset management fee                       0.1042%              
Monthly asset management fee one twelfth of less than one percentage of average invested assets                       one-twelfth of 1.25%              
SST VI Advisory Agreement                                      
Related Party Transaction [Line Items]                                      
Rate of acquisition fees of purchase price of contract                       1.00%              
Monthly asset management fee                       0.0625%              
Reimbursable costs                       $ 23,000              
Monthly asset management fee one twelfth of less than one percentage of average invested assets                       one-twelfth of 0.75%              
SST VI Advisory Agreement | Class W                                      
Related Party Transaction [Line Items]                                      
Percentage of offering cost without reimbursement   1.50%                   1.00%              
Shares sold in public offering | shares                       6,000              
SST VI Advisory Agreement | Pacific Oak Holding Group                                      
Related Party Transaction [Line Items]                                      
Variable interest entity non-voting ownership percentage         10.00%                            
SSGT III Advisory Agreement                                      
Related Party Transaction [Line Items]                                      
Rate of acquisition fees of purchase price of contract                       1.00%              
Monthly asset management fee                       0.0625%              
Monthly asset management fee one twelfth of less than one percentage of average invested assets                       one-twelfth of 0.75              
SSGT III Advisory Agreement | Disposition Fee                                      
Related Party Transaction [Line Items]                                      
Rate of disposition fee of contract sales price                       1.50%              
SSGT III Advisory Agreement | Disposition Fee | Pacific Oak Holding Group                                      
Related Party Transaction [Line Items]                                      
Rate of disposition fee of contract sales price                       10.00%              
Administrative Services Agreement                                      
Related Party Transaction [Line Items]                                      
Receivables due from related parties                       $ 15,000 60,000            
Administrative Services Agreement | Managed REIT Platform Expenses                                      
Related Party Transaction [Line Items]                                      
Administrative service fees                       700,000 600,000            
SST VI OP                                      
Related Party Transaction [Line Items]                                      
Investment                 $ 5,000,000.0                    
Term                 6 months                    
Payment of term loan with accrued interest             $ 2,100,000                        
SST VI OP | Other Income                                      
Related Party Transaction [Line Items]                                      
Loss related to equity interest                       1,800,000              
Dividend distribution received                       $ 315,000              
SST VI OP | Self Storage Facility in Phoenix, Arizona                                      
Related Party Transaction [Line Items]                                      
Self storage facility acquired                 $ 16,000,000                    
Property Management Agreement                                      
Related Party Transaction [Line Items]                                      
Percentage of fee of former external property managers                       6.00%              
Construction management fee                       5.00%              
Cost of construction or capital improvement work                       $ 10,000              
One time fee for former external property managers                       3,750              
Write-off of carrying value related to intangible asset       $ 600,000       $ 1,900,000                      
Property Management Agreement | Other Income                                      
Related Party Transaction [Line Items]                                      
Change in deferred tax liability                     $ 200,000 (500,000)              
Property Management Agreement | Minimum                                      
Related Party Transaction [Line Items]                                      
Our former external property management fee                       3,000              
SmartStop OP                                      
Related Party Transaction [Line Items]                                      
Investment of preferred investor                             $ 5,000,000.0        
Investment                                     $ 5,000,000.0
SSGT III OP                                      
Related Party Transaction [Line Items]                                      
Outstanding amount                       17,500,000              
SSGT III OP | Other Income                                      
Related Party Transaction [Line Items]                                      
Loss related to equity interest                       300,000              
Dividend distribution received                       $ 55,000              
Mezzanine Loan | Self Storage Facility in Phoenix, Arizona                                      
Related Party Transaction [Line Items]                                      
Debt issued                 $ 3,500,000                    
Mezzanine Loan | SST VI OP                                      
Related Party Transaction [Line Items]                                      
Interest rate                 8.50%                    
Outstanding amount             $ 3,500,000                        
Extension Option Mezzanine Loan | SST VI OP                                      
Related Party Transaction [Line Items]                                      
Interest rate                 9.25%                    
Term                 180 days                    
Term Loan | SST VI OP                                      
Related Party Transaction [Line Items]                                      
Debt issued                                   $ 2,100,000  
SST VI Mezzanine Loan                                      
Related Party Transaction [Line Items]                                      
Number of operating self storage property | StorageFacility                       15              
Principal borrowing amount                       $ 20,000,000.0 38,200,000            
Commitment fee percentage           1.00%                          
SST VI Mezzanine Loan | Minimum                                      
Related Party Transaction [Line Items]                                      
Increased the principal borrowing amount $ 45,000,000                                    
SST VI Mezzanine Loan | Maximum                                      
Related Party Transaction [Line Items]                                      
Debt issued           $ 45,000,000                          
Increased the principal borrowing amount $ 55,000,000                                    
SST VI Mezzanine Loan | Pacific Oak Holding Group                                      
Related Party Transaction [Line Items]                                      
Debt instrument, description of variable rate basis SOFR plus 3.0%                                    
SST VI Mezzanine Loan | SST VI OP                                      
Related Party Transaction [Line Items]                                      
Outstanding amount                       $ 35,000,000.0 $ 6,800,000            
SSGT III Mezzanine Loan                                      
Related Party Transaction [Line Items]                                      
Debt issued     $ 50,000,000.0                                
Number of operating self storage property | StorageFacility                       3              
Debt instrument, description of variable rate basis SOFR plus 3.0%                                    
Line of credit facility, current borrowing capacity     $ 42,000,000.0                                
Commitment fee percentage     1.00%                                
SSGT III Mezzanine Loan | Minimum                                      
Related Party Transaction [Line Items]                                      
Increased the principal borrowing amount $ 50,000,000                                    
SSGT III Mezzanine Loan | Maximum                                      
Related Party Transaction [Line Items]                                      
Increased the principal borrowing amount $ 77,000,000                                    
Upon Achievement Of Certain Financial Conditions | SSGT III Mezzanine Loan                                      
Related Party Transaction [Line Items]                                      
Debt instrument, description of variable rate basis SOFR plus 4.0%