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Investments in Unconsolidated Real Estate Ventures (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
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
September 30, 2023
    
Carrying Value

of Investment as of
December 31, 2022
 
Dupont
(1)
  
October 2019
  
$
4,021,152
    
$
4,245,434
 
East York
(2)
  
June 2020
    
6,120,190
      
6,039,951
 
Brampton
(2)
  
November 2020
    
2,175,893
      
2,166,186
 
Vaughan
(2)
  
January 2021
    
2,539,469
      
2,625,089
 
Oshawa
(2)
  
August 2021
    
1,423,024
      
1,506,798
 
Scarborough
(2)
  
November 2021
    
2,294,815
      
2,364,175
 
Aurora
(1)
  
December 2022
    
2,546,385
      
2,546,407
 
Kingspoint
(2)
  
March 2023
    
3,888,588
      
3,342,969
 
Markham
(1)
  
Under Development
    
1,741,604
      
1,038,541
 
Regent
(3)
  
Under Development
    
2,663,964
      
2,646,532
 
North Whitby
(4)
  
Under Development
    
5,254,198
      
—  
 
     
 
 
    
 
 
 
     
$
34,669,282
 
  
$
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.
(4)
 
This property was acquired on January 12, 2023 in connection with a purchase agreement assumed in the SSGT II Merger.
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, 2022
    
Carrying Value
of Investment as of
December 31, 2021
 
Dupont
(1)
  
October 2019
  
$
4,245,434
    
$
—  
 
East York
(2)
  
June 2020
    
6,039,951
      
6,393,576
 
Brampton
(2)
  
November 2020
    
2,166,186
      
2,354,346
 
Vaughan
(2)
  
January 2021
    
2,625,089
      
2,871,265
 
Oshawa
(2)
  
August 2021
    
1,506,798
      
1,801,413
 
Scarborough
(2)
  
November 2021
    
2,364,175
      
2,862,677
 
Aurora
(1)
  
December 2022
    
2,546,407
      
—  
 
Kingspoint
(2)
  
March 2023
    
3,342,969
      
2,660,007
 
Markham
(1)
  
Under Development
    
1,038,541
      
—  
 
Regent
(3)
  
Under Development
    
2,646,532
      
—  
 
     
 
 
    
 
 
 
     
$
28,522,082
 
  
$
18,943,284
 
     
 
 
    
 
 
 
 
(1)
 
These joint venture properties were acquired through the SSGT II Merger.
(2)
 
These joint venture properties were acquired through the SST IV Merger.
(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.