XML 54 R44.htm IDEA: XBRL DOCUMENT v3.23.2
Investments in Unconsolidated Real Estate Ventures - Additional Information (Details)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jan. 12, 2023
USD ($)
Jan. 12, 2023
CAD ($)
Jun. 01, 2022
USD ($)
May 25, 2022
USD ($)
May 25, 2022
CAD ($)
Apr. 30, 2021
Nov. 10, 2020
RealEstateVenture
Jun. 30, 2023
USD ($)
RealEstateVenture
Jun. 30, 2022
USD ($)
Jun. 30, 2023
USD ($)
RealEstateVenture
Jun. 30, 2022
USD ($)
Dec. 31, 2027
USD ($)
Dec. 31, 2026
USD ($)
Dec. 31, 2023
USD ($)
Jun. 30, 2023
CAD ($)
RealEstateVenture
Mar. 31, 2023
Property
Dec. 31, 2022
USD ($)
Dec. 31, 2022
CAD ($)
Sep. 13, 2022
CAD ($)
Jun. 01, 2022
CAD ($)
Oct. 07, 2021
USD ($)
Mar. 17, 2021
StorageFacility
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Purchase price                   $ 20,000,000                        
Increased amount                                     $ 120.0      
Initial maximum amount available                                         $ 700,000,000  
Guarantee obligations recourse percentage               50.00%   50.00%         50.00%              
Forecast                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Fund development costs                       $ 3,000,000 $ 3,000,000 $ 3,000,000                
SmartCentres Storage Finance LP | Master Mortgage Commitment Agreement                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Outstanding amount               $ 91,600,000   $ 91,600,000         $ 121.3   $ 86,100,000 $ 116.7        
Initial maximum amount available                   7.60%                        
Maturity date           May 11, 2024                                
Loan to value ratio               70.00%   70.00%         70.00%              
Regent Property                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Equity method investment, ownership percentage       50.00% 50.00%     50.00%   50.00%         50.00%              
Regent Property | SmartCentres Storage Finance LP                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Equity method investment, ownership percentage       50.00% 50.00%                                  
Whitby Property                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Equity method investment, ownership percentage 50.00% 50.00%                                        
Whitby Property | SmartCentres Storage Finance LP                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Equity method investment, ownership percentage 50.00% 50.00%                                        
North Whitby Property                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Purchase Price Percentage 50.00% 50.00%                                        
Purchase price $ 2,000,000.0 $ 2.7                                        
Canada                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Equity in earnings (loss) of unconsolidated real estate ventures               $ 500,000 $ 200,000 $ 900,000 $ 400,000                      
Purchase Price Percentage                   50.00%                        
Purchase price                   $ 7,900,000                        
Canada | Regent Property                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Equity method investment, ownership percentage               50.00%   50.00%         50.00%              
Canada | Regent Property | SmartCentres Storage Finance LP                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Equity method investment, ownership percentage               50.00%   50.00%         50.00%              
SST IV Merger Agreement                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Number of operating real estate properties | Property                               3            
SST IV Merger Agreement | Canada                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Number of self storage real estate joint ventures | RealEstateVenture             6                              
Number of operating real estate properties | StorageFacility                                           3
Number of development real estate properties | StorageFacility                                           3
Regent Property                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Purchase Price Percentage       50.00% 50.00%                                  
Purchase price       $ 2,700,000 $ 3.5                                  
SSGT II Merger Agreement                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Number of operating real estate properties | Property                               1            
Purchase price     $ 261,158,513                                      
SSGT II Merger Agreement | SmartCentres Storage Finance LP                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Initial maximum amount available                                       $ 34.3    
Guarantee obligations recourse percentage                                       50.00%    
SSGT II Merger Agreement | Dupont and Aurora Joint Venture Properties | SmartCentres Storage Finance LP                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Interests                                       50.00%    
SSGT II Merger Agreement | Canada                                            
Investments In Unconsolidated Real Estate Ventures [Line Items]                                            
Number of self storage real estate joint ventures | RealEstateVenture                   3                        
Number of operating real estate properties | RealEstateVenture               2   2         2              
Number of development real estate properties | RealEstateVenture               1   1         1