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Investments in Unconsolidated Real Estate Ventures (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023

 

 

Carrying Value
of Investment as of
December 31, 2022

 

Dupont (1)

 

October 2019

 

$

3,974,813

 

 

$

4,245,434

 

East York (2)

 

June 2020

 

 

5,662,757

 

 

 

6,039,951

 

Brampton (2)

 

November 2020

 

 

1,974,811

 

 

 

2,166,186

 

Vaughan (2)

 

January 2021

 

 

2,297,273

 

 

 

2,625,089

 

Oshawa (2)

 

August 2021

 

 

1,274,680

 

 

 

1,506,798

 

Scarborough (2)

 

November 2021

 

 

2,342,720

 

 

 

2,364,175

 

Aurora (1)

 

December 2022

 

 

2,480,800

 

 

 

2,546,407

 

Kingspoint (2)

 

March 2023

 

 

3,947,014

 

 

 

3,342,969

 

Markham (1)

 

Under Development

 

 

2,063,919

 

 

 

1,038,541

 

Regent (3)

 

Under Development

 

 

2,737,202

 

 

 

2,646,532

 

Whitby (4)

 

Under Development

 

 

7,075,611

 

 

 

-

 

 

 

 

 

$

35,831,600

 

 

$

28,522,082

 
(1)
These joint venture properties were acquired through the SSGT II Merger, which closed on June 1, 2022.
(2)
These joint venture properties were acquired through the SST IV Merger, which closed on March 17, 2021.
(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.
This property was acquired on January 12, 2023 in connection with a purchase agreement assumed in the SSGT II Merger.