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Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2023

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III Real Estate and Accumulated Depreciation

SMARTSTOP SELF STORAGE REIT, INC. AND SUBSIDIARIES

SCHEDULE III

REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2023


					Initial Cost to Company									Gross Carrying Amount at December 31, 2023
Description	ST	Encumbrance			Land		Building and Improvements		Total		Cost Capitalized Subsequent to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation		Date of Construction	Date Acquired
Morrisville	NC	$	—	(4)	$	531,000	$	1,891,000	$	2,422,000	$	204,262		$	531,000	$	2,095,262	$	2,626,262	$	737,615	2004	11/3/2014
Cary	NC		—	(4)		1,064,000		3,301,000		4,365,000		246,799			1,064,000		3,547,799		4,611,799		1,193,325	1998/2005/2006	11/3/2014
Raleigh	NC		—	(4)		1,186,000		2,540,000		3,726,000		406,388			1,186,000		2,946,388		4,132,388		1,186,621	1999	11/3/2014
Myrtle Beach I	SC		8,491,387			1,482,000		4,476,000		5,958,000		594,921			1,482,000		5,070,921		6,552,921		1,803,902	1998/2005-2007	11/3/2014
Myrtle Beach II	SC		6,736,055			1,690,000		3,654,000		5,344,000		417,346			1,690,000		4,071,346		5,761,346		1,481,757	1999/2006	11/3/2014
Whittier	CA		4,410,797			2,730,000		2,916,875		5,646,875		798,587			2,730,000		3,715,462		6,445,462		1,459,349	1989	2/19/2015
La Verne	CA		3,035,690			1,950,000		2,036,875		3,986,875		347,921			1,950,000		2,384,796		4,334,796		997,415	1986	1/23/2015
Santa Ana	CA		4,980,162			4,890,000		4,006,875		8,896,875		773,196			4,890,000		4,780,071		9,670,071		1,874,392	1978	2/5/2015
Upland	CA		3,462,515			2,950,000		3,016,875		5,966,875		671,720			2,950,000		3,688,595		6,638,595		1,481,899	1979	1/29/2015
La Habra	CA		3,509,632			2,060,000		2,356,875		4,416,875		652,209			2,060,000		3,009,084		5,069,084		1,083,270	1981	2/5/2015
Monterey Park	CA		2,466,324			2,020,000		2,216,875		4,236,875		409,452			2,020,000		2,626,327		4,646,327		915,642	1987	2/5/2015
Huntington Beach	CA		6,687,464			5,460,000		4,856,875		10,316,875		584,318			5,460,000		5,441,193		10,901,193		2,022,602	1986	2/5/2015
Chico	CA		1,114,775			400,000		1,336,875		1,736,875		381,448			400,000		1,718,323		2,118,323		681,919	1984	1/23/2015
Lancaster	CA		1,612,673			200,000		1,516,875		1,716,875		544,234			200,000		2,061,109		2,261,109		892,759	1980	1/29/2015
Riverside	CA		2,229,155			370,000		2,326,875		2,696,875		748,493			370,000		3,075,368		3,445,368		1,176,983	1985	1/23/2015
Fairfield	CA		2,632,422			730,000		2,946,875		3,676,875		341,851			730,000		3,288,726		4,018,726		1,184,547	1984	1/23/2015
Lompoc	CA		2,703,494			1,000,000		2,746,875		3,746,875		390,081			1,000,000		3,136,956		4,136,956		1,098,707	1982	2/5/2015
Santa Rosa	CA		7,019,659			3,150,000		6,716,875		9,866,875		856,964			3,150,000		7,573,839		10,723,839		2,751,264	1979-1981	1/29/2015
Vallejo	CA		—	(4)		990,000		3,946,875		4,936,875		541,542			990,000		4,488,417		5,478,417		1,573,334	1981	1/29/2015
Federal Heights	CO		2,276,668			1,100,000		3,346,875		4,446,875		418,963			1,100,000		3,765,838		4,865,838		1,595,901	1983	1/29/2015
Aurora	CO		4,600,849			810,000		5,906,875		6,716,875		951,997			810,000		6,858,872		7,668,872		2,526,863	1984	2/5/2015
Littleton	CO		2,087,011			1,680,000		2,456,875		4,136,875		388,618			1,680,000		2,845,493		4,525,493		1,103,970	1985	1/23/2015
Bloomingdale	IL		2,276,668			810,000		3,856,874		4,666,874		530,883			810,000		4,387,757		5,197,757		1,572,874	1987	2/19/2015
Crestwood	IL		1,565,160			250,000		2,096,875		2,346,875		438,121			250,000		2,534,996		2,784,996		991,115	1987	1/23/2015
Forestville	MD		3,319,976			1,940,000		4,346,875		6,286,875		1,167,003			1,940,000		5,513,878		7,453,878		2,374,972	1988	1/23/2015
Warren I	MI		1,873,401			230,000		2,966,875		3,196,875		627,470			230,000		3,594,345		3,824,345		1,357,803	1996	5/8/2015
Sterling Heights	MI		2,205,597			250,000		3,286,875		3,536,875		938,423			250,000		4,225,298		4,475,298		1,518,388	1977	5/21/2015
Troy	MI		3,272,859			240,000		4,176,875		4,416,875		483,088			240,000		4,659,963		4,899,963		1,667,907	1988	5/8/2015
Warren II	MI		2,158,084			240,000		3,066,875		3,306,875		748,969			240,000		3,815,844		4,055,844		1,458,534	1987	5/8/2015
Beverly	NJ		1,327,991			400,000		1,696,875		2,096,875		397,455			400,000		2,094,330		2,494,330		732,300	1988	5/28/2015
Everett	WA		2,608,468			2,010,000		2,956,875		4,966,875		845,670			2,010,000		3,802,545		5,812,545		1,358,108	1986	2/5/2015
Foley	AL		3,960,413			1,839,000		5,717,000		7,556,000		997,763			1,839,000		6,714,763		8,553,763		2,356,794	1985/1996/2006	9/11/2015
Tampa	FL		1,565,160			718,244		2,257,471		2,975,715		651,284			718,244		2,908,755		3,626,999		995,634	1985	11/3/2015
Boynton Beach	FL		7,825,798			1,983,491		15,232,817		17,216,308		606,131			1,983,491		15,838,948		17,822,439		3,888,762	2004	1/7/2016
Lancaster II	CA		2,253,110			670,392		3,711,424		4,381,816		407,827			670,392		4,119,251		4,789,643		1,297,463	1991	1/11/2016
Milton(2)	ONT		8,493,418			1,452,870		7,929,810		9,382,680		879,821	(3)		1,523,120		8,739,381		10,262,501		2,190,939	2006	2/11/2016
Burlington I(2)	ONT		10,643,927			3,293,267		10,278,861		13,572,128		1,367,312	(3)		3,452,505		11,486,935		14,939,440		2,850,818	2011	2/11/2016
Oakville I(2)	ONT		12,841,958			2,655,215		13,072,458		15,727,673		5,409,226	(3)		2,783,601		18,353,298		21,136,899		4,071,978	2016	2/11/2016
Oakville II(2)	ONT		—	(4)		2,983,307		9,346,283		12,329,590		595,954	(3)		3,041,574		9,883,970		12,925,544		2,587,886	2004	2/29/2016
Burlington II(2)	ONT		—	(4)		2,944,035		5,125,839		8,069,874		428,292	(3)		3,001,535		5,496,631		8,498,166		1,439,217	2008	2/29/2016
Xenia	OH		—	(4)		275,493		2,664,693		2,940,186		184,631			275,493		2,849,324		3,124,817		898,678	2003	4/20/2016
Sidney	OH		—	(4)		255,246		1,806,349		2,061,595		242,591			255,246		2,048,940		2,304,186		938,106	2003	4/20/2016
Troy	OH		—	(4)		150,666		2,596,010		2,746,676		206,114			150,666		2,802,124		2,952,790		1,003,595	2003	4/20/2016
Greenville	OH		—	(4)		82,598		1,909,466		1,992,064		214,748			82,598		2,124,214		2,206,812		672,123	2003	4/20/2016


					Initial Cost to Company										Gross Carrying Amount at December 31, 2023
Description	ST	Encumbrance			Land		Building and Improvements		Total		Cost Capitalized Subsequent to Acquisition				Land		Building and Improvements		Total (1)		Accumulated Depreciation		Date of Construction	Date Acquired
Washington Court House	OH		—	(4)		255,456		1,882,203		2,137,659		202,110				255,456		2,084,313		2,339,769		673,119	2003	4/20/2016
Richmond	IN		—	(4)		223,159		2,944,379		3,167,538		229,866				223,159		3,174,245		3,397,404		1,054,832	2003	4/20/2016
Connersville	IN		—	(4)		155,533		1,652,290		1,807,823		157,593				155,533		1,809,883		1,965,416		594,365	2003	4/20/2016
Port St. Lucie I	FL		—	(4)		2,589,781		6,339,578		8,929,359		317,750				2,589,781		6,657,328		9,247,109		1,838,345	1999	4/29/2016
Sacramento	CA		—	(4)		1,205,209		6,616,767		7,821,976		364,488				991,287		7,195,177		8,186,464		1,803,889	2006	5/9/2016
Oakland	CA		—	(4)		5,711,189		6,902,446		12,613,635		385,699				5,711,189		7,288,145		12,999,334		1,846,755	1979	5/18/2016
Concord	CA		—	(4)		19,090,003		17,202,868		36,292,871		1,216,315				19,090,003		18,419,183		37,509,186		4,733,552	1988/1998	5/18/2016
Pompano Beach	FL		8,342,710			3,947,715		16,656,002		20,603,717		381,234				3,947,715		17,037,236		20,984,951		3,909,595	1979	6/1/2016
Lake Worth	FL		10,075,901			12,108,208		10,804,173		22,912,381		(304,434	)			12,108,208		10,499,739		22,607,947		3,451,312	1998/2003	6/1/2016
Jupiter	FL		11,290,419			16,029,881		10,556,833		26,586,714		421,436				16,029,881		10,978,269		27,008,150		2,928,339	1992/2012	6/1/2016
Royal Palm Beach	FL		9,472,082			11,425,394		13,275,322		24,700,716		397,447				11,425,394		13,672,769		25,098,163		4,067,177	2001/2003	6/1/2016
Port St. Lucie II	FL		6,897,272			5,130,621		8,410,474		13,541,095		460,939				5,130,621		8,871,413		14,002,034		2,526,569	2002	6/1/2016
Wellington	FL		—	(4)		10,233,511		11,662,801		21,896,312		369,080				10,233,511		12,031,881		22,265,392		2,972,352	2005	6/1/2016
Doral	FL		—	(4)		11,335,658		11,485,045		22,820,703		456,278				11,335,658		11,941,323		23,276,981		3,018,459	1998	6/1/2016
Plantation	FL		15,267,178			12,989,079		19,224,919		32,213,998		863,346				12,989,079		20,088,265		33,077,344		4,962,866	2002/2012	6/1/2016
Naples	FL		—	(4)		11,789,085		12,771,305		24,560,390		403,545				11,789,085		13,174,850		24,963,935		3,219,678	2002	6/1/2016
Delray	FL		11,569,885			17,096,692		12,983,627		30,080,319		393,248				17,096,692		13,376,875		30,473,567		3,391,554	2003	6/1/2016
Baltimore	MD		—	(4)		3,897,872		22,427,843		26,325,715		766,965				3,897,872		23,194,808		27,092,680		5,999,593	1990/2014	6/1/2016
Sonoma	CA		6,795,065			3,468,153		3,679,939		7,148,092		226,397				3,468,153		3,906,336		7,374,489		1,076,857	1984	6/14/2016
Las Vegas I	NV		11,158,848			2,391,220		11,117,892		13,509,112		327,197				2,391,220		11,445,089		13,836,309		2,651,647	2002	7/28/2016
Las Vegas II	NV		11,207,605			3,840,088		9,916,937		13,757,025		367,608				3,840,088		10,284,545		14,124,633		2,577,231	2000	9/23/2016
Las Vegas III	NV		8,474,386			2,565,579		6,338,944		8,904,523		462,220				2,565,579		6,801,164		9,366,743		1,762,564	1989	9/27/2016
Asheville I	NC		—	(4)		3,619,676		11,173,603		14,793,279		534,290				3,619,676		11,707,893		15,327,569		3,017,521	1988/2005/2015	12/30/2016
Asheville II	NC		—	(4)		1,764,969		3,107,311		4,872,280		280,642				1,764,969		3,387,953		5,152,922		925,111	1984	12/30/2016
Hendersonville I	NC		—	(4)		1,081,547		3,441,204		4,522,751		275,422				1,081,547		3,716,626		4,798,173		958,428	1982	12/30/2016
Asheville III	NC		—	(4)		5,096,833		4,620,013		9,716,846		298,426				5,096,833		4,918,439		10,015,272		1,404,918	1991/2002	12/30/2016
Arden	NC		—	(4)		1,790,118		10,265,741		12,055,859		559,549				1,790,118		10,825,290		12,615,408		2,498,962	1973	12/30/2016
Asheville IV	NC		—	(4)		4,558,139		4,455,118		9,013,257		308,653				4,558,139		4,763,771		9,321,910		1,376,190	1985/1986/2005	12/30/2016
Asheville V	NC		—	(4)		2,414,680		7,826,417		10,241,097		436,177				2,414,680		8,262,594		10,677,274		2,122,396	1978/2009/2014	12/30/2016
Asheville VI	NC		—	(4)		1,306,240		5,121,332		6,427,572		288,489				1,306,240		5,409,821		6,716,061		1,305,740	2004	12/30/2016
Asheville VIII	NC		—	(4)		1,764,965		6,162,855		7,927,820		361,209				1,764,965		6,524,064		8,289,029		1,717,579	1968/2002	12/30/2016
Hendersonville II	NC		—	(4)		2,597,584		5,037,350		7,634,934		357,417				2,597,584		5,394,767		7,992,351		1,635,125	1989/2003	12/30/2016
Asheville VII	NC		—	(4)		782,457		2,139,791		2,922,248		98,749				782,457		2,238,540		3,020,997		618,789	1999	12/30/2016
Sweeten Creek Land	NC		—			348,480		—		348,480		—				348,480		—		348,480		—	N/A	12/30/2016
Highland Center Land	NC		—			50,000		—		50,000		—				50,000		—		50,000		—	N/A	12/30/2016
Aurora II	CO		—	(4)		1,584,664		8,196,091		9,780,755		161,797				1,584,664		8,357,888		9,942,552		2,294,021	2012	1/11/2017
Dufferin(2)	ONT		—	(4)		6,258,511		16,287,332		22,545,843		2,236,451		(3)		6,688,797		18,093,497		24,782,294		4,071,360	2015	2/1/2017
Mavis(2)	ONT		14,237,413			4,657,233		14,493,508		19,150,741		1,726,591		(3)		4,977,427		15,899,905		20,877,332		3,510,756	2013	2/1/2017
Brewster(2)	ONT		10,484,016			4,136,329		9,527,410		13,663,739		1,162,816		(3)		4,420,711		10,405,844		14,826,555		2,365,007	2013	2/1/2017
Granite(2)	ONT		9,603,748			3,126,446		8,701,429		11,827,875		1,016,132		(3)		3,341,396		9,502,611		12,844,007		2,046,831	1998/2016	2/1/2017
Centennial(2)	ONT		8,172,086			1,714,644		11,428,538		13,143,182		997,911		(3)		1,832,529		12,308,564		14,141,093		2,588,000	2016/2017	2/1/2017
Ft. Pierce	FL		8,764,926			1,152,931		12,398,306		13,551,237		523,244				1,152,931		12,921,550		14,074,481		1,985,036	2008	1/24/2019
Russell Blvd, Las Vegas II	NV		—	(4)		3,433,634		15,449,497		18,883,131		821,275				3,510,075		16,194,331		19,704,406		3,110,405	1996	1/24/2019
Jones Blvd, Las Vegas I	NV		—	(4)		1,975,283		12,565,410		14,540,693		192,404				1,975,283		12,757,814		14,733,097		1,975,267	1999	1/24/2019
Airport Rd, Colorado Springs	CO		—	(4)		870,373		7,877,813		8,748,186		365,598				870,373		8,243,411		9,113,784		1,376,544	1983	1/24/2019
Riverside	CA		—	(4)		1,259,685		6,995,794		8,255,479		469,540				1,259,685		7,465,334		8,725,019		1,309,361	1980	1/24/2019


					Initial Cost to Company									Gross Carrying Amount at December 31, 2023
Description	ST	Encumbrance			Land		Building and Improvements		Total		Cost Capitalized Subsequent to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation		Date of Construction	Date Acquired
Stockton	CA		—	(4)		783,938		7,706,492		8,490,430		223,340			783,938		7,929,832		8,713,770		1,350,085	1984	1/24/2019
Azusa	CA		—	(4)		4,384,861		9,153,677		13,538,538		246,750			4,384,861		9,400,427		13,785,288		1,517,193	1986	1/24/2019
Romeoville	IL		—	(4)		964,701		5,755,146		6,719,847		377,480			964,701		6,132,626		7,097,327		1,114,367	1986	1/24/2019
Elgin	IL		—	(4)		1,162,197		2,895,052		4,057,249		192,690			1,162,197		3,087,742		4,249,939		705,872	1986	1/24/2019
San Antonio I	TX		—	(4)		1,602,740		9,196,093		10,798,833		218,000			1,602,740		9,414,093		11,016,833		1,544,570	1998	1/24/2019
Kingwood	TX		—	(4)		1,016,291		9,358,519		10,374,810		243,943			1,016,291		9,602,462		10,618,753		1,644,091	2001	1/24/2019
Aurora III	CO		—	(4)		1,678,141		5,958,219		7,636,360		138,151			1,678,141		6,096,370		7,774,511		1,316,073	2015	1/24/2019
Stoney Creek I (2)	ONT		—	(4)		2,363,127		8,154,202		10,517,329		194,152	(3)		2,379,849		8,331,632		10,711,481		1,399,339	N/A	1/24/2019
Torbarrie (2)	ONT		8,496,435			2,714,051		5,262,813		7,976,864		8,308,116	(3)		2,733,256		13,551,724		16,284,980		1,954,222	1980	1/24/2019
Baseline	AZ		—	(4)		1,307,289		11,385,380		12,692,669		230,483			1,307,289		11,615,863		12,923,152		1,962,138	2016	1/24/2019
3173 Sweeten Creek Rd, Asheville	NC		—	(4)		1,036,164		8,764,558		9,800,722		1,234,645			1,036,164		9,999,203		11,035,367		1,543,948	1982	1/24/2019
Elk Grove	IL		—	(4)		2,384,166		6,000,071		8,384,237		1,195,950			2,384,166		7,196,021		9,580,187		1,120,919	2016	1/24/2019
Garden Grove	CA		—	(4)		8,076,202		13,152,494		21,228,696		309,129			8,076,202		13,461,623		21,537,825		2,207,622	2017	1/24/2019
Deaverview Rd, Asheville	NC		—	(4)		1,449,001		4,412,039		5,861,040		319,805			1,449,001		4,731,844		6,180,845		886,708	1992	1/24/2019
Highland Center Blvd, Asheville	NC		—	(4)		1,763,875		4,823,116		6,586,991		313,330			1,763,875		5,136,446		6,900,321		924,648	1994	1/24/2019
Sarasota	FL		—	(4)		1,084,165		7,359,913		8,444,078		335,912			1,084,165		7,695,825		8,779,990		1,186,020	2017	1/24/2019
Mount Pleasant	SC		—	(4)		1,054,553		5,678,794		6,733,347		142,561			1,054,553		5,821,355		6,875,908		913,120	2016	1/24/2019
Nantucket	MA		20,207,278			5,854,837		33,210,517		39,065,354		237,500			5,854,837		33,448,017		39,302,854		5,031,330	2002	1/24/2019
Pembroke Pines	FL		—	(4)		3,146,970		14,296,167		17,443,137		134,235			3,146,970		14,430,402		17,577,372		2,301,962	2018	1/24/2019
Riverview	FL		—	(4)		1,593,082		7,102,271		8,695,353		3,364,687			2,405,974		9,654,066		12,060,040		1,454,178	2018	1/24/2019
Eastlake	CA		—	(4)		2,120,104		15,417,746		17,537,850		174,364			2,120,104		15,592,110		17,712,214		2,292,218	2018	1/24/2019
McKinney	TX		—	(4)		2,177,186		9,320,876		11,498,062		267,854			2,101,521		9,664,395		11,765,916		1,509,276	2016	1/24/2019
Hualapai Way, Las Vegas	NV		—	(4)		742,839		9,018,717		9,761,556		107,430			742,839		9,126,147		9,868,986		1,428,655	2018	1/24/2019
Gilbert	AZ		—	(4)		1,379,687		9,021,255		10,400,942		382,006			1,037,750		9,745,198		10,782,948		1,430,440	2019	7/11/2019
Industrial, Jensen Beach	FL		4,009,000			893,648		6,969,348		7,862,996		42,310			893,648		7,011,658		7,905,306		649,898	1979	3/17/2021
Emmett F Lowry Expy, Texas City	TX		5,112,000			940,119		8,643,066		9,583,185		235,006			940,119		8,878,072		9,818,191		805,789	2010	3/17/2021
Van Buren Blvd, Riverside II	CA		3,510,000			2,308,151		7,393,117		9,701,268		225,661			2,308,151		7,618,778		9,926,929		665,377	1984	3/17/2021
Las Vegas Blvd, Las Vegas	NV		5,413,000			922,569		11,035,721		11,958,290		71,220			922,569		11,106,941		12,029,510		928,001	1996	3/17/2021
Goodlette Rd, Naples	FL		—	(4)		2,467,683		18,647,151		21,114,834		213,931			2,467,683		18,861,082		21,328,765		1,613,887	2001	3/17/2021
Centennial Pkwy, LV II	NV		7,118,000			1,397,045		15,193,510		16,590,555		63,025			1,397,045		15,256,535		16,653,580		1,319,115	2006	3/17/2021
Texas Ave, College Station	TX		—	(4)		3,530,460		5,583,528		9,113,988		174,560			3,530,460		5,758,088		9,288,548		576,640	2004	3/17/2021
Meridian Ave, Puyallup	WA		6,616,000			5,747,712		9,884,313		15,632,025		243,691			5,747,712		10,128,004		15,875,716		1,025,366	1990	3/17/2021
Westheimer Pkwy, Katy	TX		—	(4)		1,212,751		6,423,972		7,636,723		39,686			1,212,751		6,463,658		7,676,409		568,424	2003	3/17/2021
FM 1488, The Woodlands II	TX		—	(4)		1,945,532		8,905,822		10,851,354		113,482			1,945,532		9,019,304		10,964,836		830,818	2007	3/17/2021
Hwy 290, Cypress	TX		—	(4)		2,832,498		5,259,689		8,092,187		116,333			2,832,498		5,376,022		8,208,520		533,702	2002	3/17/2021
Lake Houston Pkwy, Humble	TX		—	(4)		2,475,909		6,539,367		9,015,276		111,163			2,475,909		6,650,530		9,126,439		706,694	2004	3/17/2021
Gosling Rd, The Woodlands	TX		—	(4)		1,248,558		7,314,476		8,563,034		107,869			1,248,558		7,422,345		8,670,903		679,492	2002	3/17/2021
Queenston Blvd, Houston	TX		—	(4)		778,007		5,241,798		6,019,805		331,331			778,007		5,573,129		6,351,136		519,167	2007	3/17/2021
Jim Johnson Rd, Plant City	FL		8,722,000			1,176,605		20,045,758		21,222,363		64,731			1,176,605		20,110,489		21,287,094		2,104,743	2004	3/17/2021
Frelinghuysen Ave, Newark	NJ		—	(4)		10,700,968		24,754,531		35,455,499		1,987,651			10,700,968		26,742,182		37,443,150		2,454,691	1931	3/17/2021
Redmond Fall City Rd, Redmond	WA		—	(4)		3,874,807		7,061,417		10,936,224		110,974			3,874,807		7,172,391		11,047,198		704,459	1997	3/17/2021


					Initial Cost to Company									Gross Carrying Amount at December 31, 2023
Description	ST	Encumbrance			Land		Building and Improvements		Total		Cost Capitalized Subsequent to Acquisition			Land		Building and Improvements		Total (1)		Accumulated Depreciation		Date of Construction	Date Acquired
Greenway Rd, Surprise	AZ		—	(4)		1,340,075		7,587,601		8,927,676		87,373			1,340,075		7,674,974		9,015,049		697,254	2019	3/17/2021
Marshall Farms Rd, Ocoee	FL		—	(4)		1,253,081		10,931,368		12,184,449		19,021			1,253,081		10,950,389		12,203,470		927,525	2019	3/17/2021
Ardrey Kell Rd, Charlotte	NC		—	(4)		1,316,193		15,140,130		16,456,323		—			1,316,193		15,140,130		16,456,323		1,278,753	2018	3/17/2021
University City, Charlotte II	NC		—	(4)		1,134,981		11,301,614		12,436,595		18,130			1,134,981		11,319,744		12,454,725		978,787	2017	3/17/2021
Hydraulic Rd, Charlottesville	VA		—	(4)		1,846,479		16,268,290		18,114,769		186,725			1,846,479		16,455,015		18,301,494		1,350,824	2017	3/17/2021
Metcalf St, Escondido	CA		—	(4)		1,018,965		18,019,171		19,038,136		164,355			1,018,965		18,183,526		19,202,491		1,483,164	2019	3/17/2021
Tamiami Trail, Punta Gorda	FL		—	(4)		2,034,608		15,764,762		17,799,370		261,577			2,034,608		16,026,339		18,060,947		1,370,789	1992	3/17/2021
Iroquois Shore Rd, Oakville III (2)	ONT		—			1,423,150		18,637,895		20,061,045		(1,029,215	)		1,343,845		17,687,985		19,031,830		1,402,748	2020	4/16/2021
Van Buren Blvd, Riverside III	CA		—	(4)		3,705,043		6,511,602		10,216,645		262,920			3,705,043		6,774,522		10,479,565		685,523	1996	5/27/2021
Alameda Pkwy, Lakewood	CO		—	(4)		2,134,320		14,750,963		16,885,283		447,013			2,134,320		15,197,976		17,332,296		1,066,593	1998	10/19/2021
Algonquin Rd, Algonquin	IL		—	(4)		717,325		17,439,376		18,156,701		307,339			717,325		17,746,715		18,464,040		1,112,447	1987	2/8/2022
Pell Cir, Sacramento	CA		—	(4)		1,796,664		22,828,895		24,625,559		286,190			1,796,664		23,115,085		24,911,749		1,260,702	1981	5/10/2022
St. Johns Commons Rd, St. Johns	FL		—	(4)		1,099,464		14,432,172		15,531,636		178,448			1,099,464		14,610,620		15,710,084		714,199	2017	5/17/2022
Mills Station Rd, Sacramento	CA		—	(4)		2,685,588		13,075,090		15,760,678		46,954			2,685,588		13,122,044		15,807,632		707,309	1979	6/1/2022
Happy Valley Rd, Phoenix	AZ		—	(4)		542,935		9,132,940		9,675,875		18,642			542,935		9,151,582		9,694,517		458,208	1941	6/1/2022
West Rd, Houston	TX		—	(4)		1,310,537		16,908,880		18,219,417		14,609			1,310,537		16,923,489		18,234,026		821,762	2018	6/1/2022
Capitol Dr, Milwaukee	WI		—	(4)		1,065,590		11,782,373		12,847,963		233,977			1,065,590		12,016,350		13,081,940		600,527	1996	6/1/2022
Bothell Everett, Mill Creek	WA		—	(4)		4,814,088		28,674,527		33,488,615		369,519			4,814,088		29,044,046		33,858,134		1,620,485	2003	6/1/2022
12th Ave, Homestead	FL		—	(4)		1,607,054		32,909,667		34,516,721		56,070			1,607,054		32,965,737		34,572,791		1,545,445	2019	6/1/2022
16900 State Rd, Lutz	FL		—	(4)		2,674,729		26,985,047		29,659,776		10,061			2,674,729		26,995,108		29,669,837		1,281,524	2019	6/1/2022
34th St, St. Petersburg	FL		—	(4)		1,896,569		23,290,141		25,186,710		5,409			1,896,569		23,295,550		25,192,119		1,150,559	2020	6/1/2022
Durango, Las Vegas	NV		—	(4)		2,355,229		26,030,925		28,386,154		168,696			2,355,229		26,199,621		28,554,850		1,214,472	2019	6/1/2022
93rd Ave SW, Olympia	WA		—	(4)		2,159,298		18,458,512		20,617,810		94,654			2,159,298		18,553,166		20,712,464		966,484	2006	6/1/2022
Aurora IV	CO		—	(4)		1,222,564		10,445,390		11,667,954		180,285			1,222,564		10,625,675		11,848,239		518,609	2018	6/28/2022
San Gabriel	CA		—			9,448,745		14,265,295		23,714,040		87,706			9,448,745		14,353,001		23,801,746		93,026	2023	7/13/2023
Corporate Office	CA		3,832,774			975,000		5,525,000		6,500,000		790,771			975,000		6,315,771		7,290,771		789,282	2018	1/24/2019
		$	373,098,743		$	428,812,794	$	1,417,142,017	$	1,845,954,811	$	78,791,561		$	430,868,563	$	1,493,877,809	$	1,924,746,372	$	255,844,284

(1) The aggregate cost of real estate for United States federal income tax purposes is approximately $1,921,347,528

(2) This property is located in Ontario, Canada.

(3) The change in cost at these self storage facilities are the net of the impact of foreign exchange rate changes and any actual additions.

(4) The equity interest in these wholly-owned subsidiaries that directly own these unencumbered real estate assets comprise the borrowing base of the Credit Facility and the 2032 Private Placement Notes, and such equity interests were pledged as of December 31, 2023 for the benefit of the lenders thereunder.

Activity in real estate facilities during 2023, 2022, and 2021 was as follows:


	2023			2022			2021
Real estate facilities
Balance at beginning of year	$	1,887,205,645		$	1,593,623,628		$	1,210,102,582
Facility acquisitions		23,696,536			298,341,568			371,507,610
Impact of foreign exchange rate changes and other		4,342,673			(12,984,154	)		(138,457	)
Improvements and additions		9,501,518			8,224,603			12,151,893
Other facility acquisitions		—			—			15,689,143
Disposition due to deconsolidation		—			—			(15,689,143	)
Balance at end of year	$	1,924,746,372		$	1,887,205,645		$	1,593,623,628
Accumulated depreciation
Balance at beginning of year	$	(202,682,688	)	$	(155,926,875	)	$	(115,903,045	)
Asset disposals		—			—			—
Depreciation expense		(52,619,881	)		(48,400,073	)		(40,158,233	)
Disposition due to deconsolidation		—			—			62,466
Impact of foreign exchange rate changes and other		(541,715	)		1,644,260			71,937
Balance at end of year	$	(255,844,284	)	$	(202,682,688	)	$	(155,926,875	)
Construction in process
Balance at beginning of year	$	4,490,926		$	1,799,004		$	1,761,303
Net additions and assets placed into service		1,486,020			2,691,922			37,701
Balance at end of year	$	5,976,946		$	4,490,926		$	1,799,004
Real estate facilities, net	$	1,674,879,034		$	1,689,013,883		$	1,439,495,757