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Investments in Unconsolidated Real Estate Ventures (Tables) | 12 Months Ended
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Dec. 31, 2024
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 “Canadian JV Properties”):
Canadian JV Property |  | Date Real Estate Venture Became Operational |  |  | Carrying Value of Investment as of December 31, 2024 |  |  | Carrying Value of Investment as of December 31, 2023 |
Dupont (1)(6) |  |  | October 2019 |  |  | $ | 3,358 |  |  | $ | 3,975 |
East York (2)(6) |  |  | June 2020 |  |  |  | 4,945 |  |  |  | 5,663 |
Brampton (2)(6) |  |  | November 2020 |  |  |  | 1,533 |  |  |  | 1,975 |
Vaughan (2)(6) |  |  | January 2021 |  |  |  | 2,019 |  |  |  | 2,297 |
Oshawa (2)(6) |  |  | August 2021 |  |  |  | 938 |  |  |  | 1,275 |
Scarborough (2)(5) |  |  | November 2021 |  |  |  | 1,969 |  |  |  | 2,343 |
Aurora (1)(5) |  |  | December 2022 |  |  |  | 1,935 |  |  |  | 2,481 |
Kingspoint (2)(5) |  |  | March 2023 |  |  |  | 3,299 |  |  |  | 3,947 |
Whitby (4) |  |  | January 2024 |  |  |  | 7,661 |  |  |  | 7,076 |
Markham (1)(7) |  |  | May 2024 |  |  |  | 2,470 |  |  |  | 2,064 |
Regent (3) |  |  | Under Development |  |  |  | 2,655 |  |  |  | 2,736 |
|  |  |  |  |  | $ | 32,782 |  |  | $ | 35,832 |
(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 was occupied pursuant to a single tenant industrial lease until October 2024. 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.
(5) | As of December 31, 2024, these properties were encumbered by first mortgages pursuant to the RBC JV Term Loan II (defined below).
(6) | As of December 31, 2024, these properties were encumbered by first mortgages pursuant to the RBC JV Term Loan (defined below).
(7) | This property is encumbered by a first mortgage pursuant to the SmartCentres Financings (defined below).

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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