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Investments in Unconsolidated Real Estate Ventures - Summary of Investments in Unconsolidated Real Estate Ventures (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Carrying Value of Investment $ 32,782 $ 35,832
Dupont Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1],[2] October 2019  
Carrying Value of Investment [1],[2] $ 3,358 3,975
East York, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1],[3] June 2020  
Carrying Value of Investment [1],[3] $ 4,945 5,663
Brampton, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1],[3] November 2020  
Carrying Value of Investment [1],[3] $ 1,533 1,975
Vaughan, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1],[3] January 2021  
Carrying Value of Investment [1],[3] $ 2,019 2,297
Oshawa, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [1],[3] August 2021  
Carrying Value of Investment [1],[3] $ 938 1,275
Scarborough, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [3],[4] November 2021  
Carrying Value of Investment [3],[4] $ 1,969 2,343
Aurora, Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [2],[4] December 2022  
Carrying Value of Investment [2],[4] $ 1,935 2,481
Kingspoint Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [3],[4] March 2023  
Carrying Value of Investment [3],[4] $ 3,299 3,947
Whitby Property    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [5] January 2024  
Carrying Value of Investment [5] $ 7,661 7,076
Markham Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [2],[6] May 2024  
Carrying Value of Investment [2],[6] $ 2,470 2,064
Regent Ontario    
Investments In Unconsolidated Real Estate Ventures [Line Items]    
Date Real Estate Venture Became Operational [7] Under Development  
Carrying Value of Investment [7] $ 2,655 $ 2,736
[1] As of December 31, 2024, these properties were encumbered by first mortgages pursuant to the RBC JV Term Loan (defined below).
[2] These joint venture properties were acquired through the SSGT II Merger, which closed on June 1, 2022.
[3] These joint venture properties were acquired through the SST IV Merger, which closed on March 17, 2021.
[4] As of December 31, 2024, these properties were encumbered by first mortgages pursuant to the RBC JV Term Loan II (defined below).
[5] This property was acquired on January 12, 2023 in connection with a purchase agreement assumed in the SSGT II Merger.
[6] This property is encumbered by a first mortgage pursuant to the SmartCentres Financings (defined below).
[7] 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.