SmartStop Self Storage REIT (STSFF) 10-K 3 Mar 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 01, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	SmartStop Self Storage REIT, Inc.
Entity Central Index Key	0001585389
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 0
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity File Number	000-55617
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	46-1722812
Entity Interactive Data Current	Yes
Entity Address, Address Line One	10 Terrace Rd.
Entity Address, City or Town	Ladera Ranch
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92694
City Area Code	877
Local Phone Number	327-3485
Document Annual Report	true
Document Transition Report	false
Auditor Name	BDO USA, LLP
Auditor Location	Costa Mesa, California
Auditor Firm ID	243
Documents Incorporated by Reference	Documents Incorporated by Reference: The registrant incorporates by reference in Part III (Items 10, 11, 12, 13 and 14) of this Form 10-K portions of its Definitive Proxy Statement for the 2023 Annual Meeting of Stockholders.
Class A Common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		88,878,561
Class T Common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		8,085,550

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Real estate facilities:
Land		$ 420,522,591	$ 397,508,081
Buildings		1,377,311,421	1,117,204,944
Site improvements		89,371,633	78,910,603
Real estate investment property, gross		1,887,205,645	1,593,623,628
Accumulated depreciation		(202,682,688)	(155,926,875)
Real estate investment property		1,684,522,957	1,437,696,753
Construction in process		4,490,926	1,799,004
Real estate facilities, net		1,689,013,883	1,439,495,757
Cash and cash equivalents		39,486,588	37,254,226
Restricted cash		6,551,803	7,432,135
Investments in unconsolidated real estate ventures (Note 4)		28,522,082	18,943,284
Investments in and advances to Managed REITs		62,371,167	12,404,380
Other assets, net		34,131,543	15,423,508
Intangible assets, net of accumulated amortization		15,553,303	14,337,820
Trademarks, net of accumulated amortization		15,911,765	16,052,941
Goodwill		53,643,331	53,643,331
Debt issuance costs, net of accumulated amortization		2,031,922	3,305,394
Total assets	[1]	1,947,217,387	1,618,292,776
LIABILITIES, TEMPORARY EQUITY, AND EQUITY
Debt, net		1,068,371,956	873,866,855
Accounts payable and accrued liabilities		28,151,741	22,693,941
Due to affiliates		409,730	584,291
Distributions payable		9,324,453	8,360,420
Contingent earnout		0	30,000,000
Deferred tax liability		6,205,620	7,719,098
Total liabilities		1,112,463,500	943,224,605
Commitments and contingencies (Note 12)
Equity:
Additional paid-in capital		894,283,954	724,739,872
Distributions		(266,151,517)	(210,964,464)
Accumulated deficit		(164,524,595)	(170,846,475)
Accumulated other comprehensive loss		3,654,682	(279,975)
Total SmartStop Self Storage REIT, Inc. equity		467,359,462	342,734,072
Noncontrolling interests in our Operating Partnership		94,405,766	64,632,417
Other noncontrolling interests		54,479	10,900
Total noncontrolling interests		94,460,245	64,643,317
Total equity		561,819,707	407,377,389
Total liabilities and equity		1,947,217,387	1,618,292,776
Redeemable Common Stock
LIABILITIES, TEMPORARY EQUITY, AND EQUITY
Redeemable common stock / Preferred stock		76,578,073	71,334,675
Series A Convertible Preferred Stock
LIABILITIES, TEMPORARY EQUITY, AND EQUITY
Redeemable common stock / Preferred stock		196,356,107	196,356,107
Class A Common stock
Equity:
Common stock, value		88,853	77,058
Class T Common stock
Equity:
Common stock, value		$ 8,085	$ 8,056
[1] Other than our investments in and advances to Managed REITs, substantially all of our investments in real estate facilities and intangible assets made during the years ended December 31, 2022 and 2021 were associated with our self storage platform.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Preferred Stock
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	200,000,000	200,000,000
Series A Convertible Preferred Stock
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	200,000	200,000
Preferred Stock, shares issued	200,000	200,000
Preferred Stock, shares outstanding	200,000	200,000
Preferred Stock, liquidation preference, value	$ 203,150,685	$ 203,150,685
Class A Common stock
Common Stock, Par	$ 0.001	$ 0.001
Common Stock, shares authorized	350,000,000	350,000,000
Common Stock, shares issued	88,853,454	77,057,743
Common Stock, shares outstanding	88,853,454	77,057,743
Class T Common stock
Common Stock, Par	$ 0.001	$ 0.001
Common Stock, shares authorized	350,000,000	350,000,000
Common Stock, shares issued	8,085,550	8,056,198
Common Stock, shares outstanding	8,085,550	8,056,198

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total revenues	$ 212,643,094	$ 168,764,571	$ 124,024,363
Operating expenses:
General and administrative	28,253,905	23,265,196	16,471,199
Depreciation	49,417,679	40,946,406	32,294,627
Intangible amortization expense	15,200,854	12,422,205	9,777,116
Acquisition expenses	888,009	934,838	1,366,092
Contingent earnout adjustment	1,514,447	12,619,744	(2,500,000)
Impairment of goodwill and intangible assets	0	0	36,465,732
Impairment of investments in Managed REITs	0	0	4,376,879
Write-off of equity interest and preexisting relationships upon acquisition of control	2,049,682	8,389,573	0
Total operating expenses	162,875,473	152,435,452	145,164,573
Gain on equity interests upon acquisition	16,101,237		0
Gain on sale of real estate	0	178,631	0
Income (loss) from operations	65,868,858	16,507,750	(21,140,210)
Other income (expense):
Interest expense	(41,511,911)	(33,383,604)	(36,053,312)
Net loss on extinguishment of debt	(2,393,475)	(2,444,788)	0
Other, net	(848,805)	(2,055,351)	160,461
Income tax (expense) benefit	554,785	1,811,275	5,826,258
Net income (loss)	21,669,452	(19,564,718)	(51,206,803)
Net (income) loss attributable to noncontrolling interests	(2,847,572)	2,663,123	6,901,931
Less: Distributions to preferred stockholders	(12,500,000)	(12,500,000)	(10,049,522)
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders	$ 6,321,880	$ (29,401,595)	$ (54,354,394)
Net income (loss) per Class A & Class T share - basic	$ 0.07	$ (0.37)	$ (0.91)
Net income (loss) per Class A & Class T share - diluted	$ 0.07	$ (0.37)	$ (0.91)
Weighted Average Number of Shares Outstanding, Basic	91,939,172	79,438,374	59,616,407
Weighted Average Number of Shares Outstanding, Diluted	92,056,438	79,438,374	59,616,407
Self Storage Rental Revenue
Revenues:
Total revenues	$ 191,749,578	$ 150,610,337	$ 104,888,883
Ancillary Operating Revenue
Revenues:
Total revenues	8,445,803	7,552,597	5,286,042
Managed REIT Platform Revenue
Revenues:
Total revenues	7,819,216	6,322,970	8,048,630
Reimbursable Costs from Managed REITs
Revenues:
Total revenues	4,628,497	4,278,667	5,800,808
Operating expenses:
Operating expenses	4,628,497	4,278,667	5,800,808
Property Operating Expenses
Operating expenses:
Operating expenses	58,437,110	48,127,657	38,305,199
Managed REIT Platform Expenses
Operating expenses:
Operating expenses	$ 2,485,290	$ 1,451,166	$ 2,806,921
Class A Common stock
Other income (expense):
Weighted Average Number of Shares Outstanding, Basic	83,857,222	71,454,798	51,813,718
Weighted Average Number of Shares Outstanding, Diluted	83,974,488	71,454,798	51,813,718
Class T Common stock
Other income (expense):
Weighted Average Number of Shares Outstanding, Basic	8,081,950	7,983,576	7,802,689
Weighted Average Number of Shares Outstanding, Diluted	8,081,950	7,983,576	7,802,689
Class A and T Common Stock
Other income (expense):
Net income (loss) per Class A & Class T share - basic	$ 0.07	$ (0.37)	$ (0.91)
Net income (loss) per Class A & Class T share - diluted	$ 0.07	$ (0.37)	$ (0.91)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 21,669,452	$ (19,564,718)	$ (51,206,803)
Other comprehensive income (loss):
Foreign currency translation adjustment	(3,832,344)	65,261	965,103
Foreign currency hedge contract gains (losses)	3,354,899	(394,417)	(596,969)
Interest rate swap and cap contract gains (losses)	4,906,784	4,335,323	(2,541,625)
Other comprehensive income (loss)	4,429,339	4,006,167	(2,173,491)
Comprehensive income (loss)	26,098,791	(15,558,551)	(53,380,294)
Comprehensive (income) loss attributable to noncontrolling interests:
Comprehensive (income) loss attributable to noncontrolling interests	(3,342,254)	2,211,209	7,196,529
Comprehensive income (loss) attributable to SmartStop Self Storage REIT, Inc. stockholders	$ 22,756,537	$ (13,347,342)	$ (46,183,765)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	Total	SST VI OP	Common Stock Class A Common stock	Common Stock Class T Common stock	Additional Paid-in Capital	Distributions	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Total SmartStop Self Storage REIT, Inc. Equity	Noncontrolling Interests	Noncontrolling Interests SST VI OP	Preferred Stock	Redeemable Common Stock
Beginning Balance at Dec. 31, 2019	$ 345,813,823		$ 51,435	$ 7,700	$ 491,433,240	$ (128,642,787)	$ (87,090,486)	$ (1,955,335)	$ 273,803,767	$ 72,010,056		$ 146,426,164	$ 43,391,362
Beginning Balance (in shares) at Dec. 31, 2019			51,435,124	7,699,893
Offering costs	(46,907)				(46,907)				(46,907)
Issuance of preferred stock												50,000,000
Preferred stock issuance costs												(70,057)
Changes to redeemable common stock	(15,954,081)				(15,954,081)				(15,954,081)				15,954,081
Redemptions of common stock	(165)		$ (165)	$ 0					(165)				(2,009,868)
Redemptions of common stock (in shares)			(164,894)	0
Issuance of restricted stock	72		$ 72						72
Issuance of restricted stock (in shares)			71,567
Distributions	(35,310,382)					(35,310,382)			(35,310,382)
Distributions to noncontrolling interests	(5,525,293)									(5,525,293)
Issuance of shares for distribution reinvestment plan	15,954,081		$ 1,319	$ 204	15,952,558				15,954,081
Issuance of shares for distribution reinvestment plan (in shares)			1,318,605	204,018
Equity based compensation expense	1,738,873				1,023,196				1,023,196	715,677
Net income attributable to SmartStop Self Storage REIT, Inc. common stockholders	(54,354,394)						(54,354,394)		(54,354,394)
Net loss attributable to the noncontrolling interests in our Operating Partnership	(6,901,931)									(6,901,931)
Foreign currency translation adjustment	965,103							845,698	845,698	119,405
Foreign currency hedge contract gains (losses)	(596,969)							(525,540)	(525,540)	(71,429)
Interest rate swap and cap contract gains (losses)	(2,541,625)							(2,199,051)	(2,199,051)	(342,574)
Ending Balance at Dec. 31, 2020	243,240,205		$ 52,661	$ 7,904	492,408,006	(163,953,169)	(141,444,880)	(3,834,228)	183,236,294	60,003,911		196,356,107	57,335,575
Ending Balance (in shares) at Dec. 31, 2020			52,660,402	7,903,911
Issuance of common stock in connection with SST IV Merger	231,412,470		$ 23,138		231,389,332				231,412,470
Issuance of common stock in connection with SST IV Merger (in shares)			23,137,540
Issuance of Class A-1 Units in our Operating Partnership in connection with the contingent earnout related to the Self Administration Transaction	11,219,744									11,219,744
Acquisition of noncontrolling interest related to the Tenant Protection Programs joint ventures	(10,900)									(10,900)
Offering costs	(335,175)	$ (1,239,194)			(335,175)				(335,175)		$ 1,239,194
Issuance of preferred stock												0
Preferred stock issuance costs												0
Gross proceeds from issuance of operating partnership units in SST VI OP		$ 4,761,315									$ 4,761,315
Changes to redeemable common stock	(19,564,929)				(19,564,929)				(19,564,929)				19,564,929
Redemptions of common stock	(390)		$ (360)	$ (30)					(390)				(5,565,829)
Redemptions of common stock (in shares)			(359,976)	30,158
Issuance of restricted stock	78		$ 78						78
Issuance of restricted stock (in shares)			78,192
Distributions	(47,011,295)					(47,011,295)			(47,011,295)
Distributions to noncontrolling interests	(6,338,488)									(6,338,488)
Issuance of shares for distribution reinvestment plan	19,564,929		$ 1,541	$ 182	19,563,206				19,564,929
Issuance of shares for distribution reinvestment plan (in shares)			1,541,585	182,445
Equity based compensation expense	2,907,808				1,279,432				1,279,432	1,628,376
Net income attributable to SmartStop Self Storage REIT, Inc. common stockholders	(29,401,595)						(29,401,595)		(29,401,595)
Deconsolidation of SST VI OP	(3,170,238)									3,170,238
Net loss attributable to the noncontrolling interests in our Operating Partnership	(2,663,123)									(2,663,123)
Foreign currency translation adjustment	65,261							47,424	47,424	17,837
Foreign currency hedge contract gains (losses)	(394,417)							(337,219)	(337,219)	(57,198)
Interest rate swap and cap contract gains (losses)	4,335,323							3,844,048	3,844,048	491,275
Ending Balance at Dec. 31, 2021	407,377,389		$ 77,058	$ 8,056	724,739,872	(210,964,464)	(170,846,475)	(279,975)	342,734,072	64,643,317		196,356,107	71,334,675
Ending Balance (in shares) at Dec. 31, 2021			77,057,743	8,056,198
Issuance of common stock in connection with SST IV Merger	168,789,874		$ 11,542		168,778,332				168,789,874
Issuance of common stock in connection with SST IV Merger (in shares)			11,542,062
Issuance of Class A-1 Units in our Operating Partnership in connection with the contingent earnout related to the Self Administration Transaction	31,514,447									31,514,447
Issuance of noncontrolling interest in SST VI Advisor	1,000									1,000
Offering costs	(445,149)				(445,149)				(445,149)
Tax withholding (net settlement) related to vesting of restricted stock, (in Shares)			8,910
Tax withholding (net settlement) related to vesting of restricted stock	(86,357)		$ 9		86,348				86,357
Issuance of OP Units in connection with SSGT II Merger	1,703									1,703
Changes to redeemable common stock	(5,243,398)				(5,243,398)				(5,243,398)				5,243,398
Redemptions of common stock	(112)		$ (107)	$ (5)					(112)
Redemptions of common stock (in shares)			(106,502)	(4,696)
Issuance of restricted stock	55		$ 55						55
Issuance of restricted stock (in shares)			55,403
Distributions	(55,187,053)					(55,187,053)			(55,187,053)
Distributions to noncontrolling interests	(7,713,375)									(7,713,375)
Issuance of shares for distribution reinvestment plan			$ 314	$ 34	5,243,050				5,243,398
Issuance of shares for distribution reinvestment plan (in shares)			313,658	34,048
Equity based compensation expense	3,968,494				1,297,595				1,297,595	2,670,899
Net income attributable to SmartStop Self Storage REIT, Inc. common stockholders	6,321,880						(6,321,880)		(6,321,880)
Net loss attributable to the noncontrolling interests in our Operating Partnership	2,847,572									2,847,572
Foreign currency translation adjustment	(3,832,344)							3,400,645	3,400,645	431,699
Foreign currency hedge contract gains (losses)	3,354,899
Foreign currency forward contract gain (loss)	3,354,899							(2,977,385)	(2,977,385)	(377,514)
Interest rate swap and cap contract gains (losses)	4,906,784							4,357,917	4,357,917	548,867
Ending Balance at Dec. 31, 2022	$ 561,819,707		$ 88,853	$ 8,085	$ 894,283,954	$ (266,151,517)	$ (164,524,595)	$ 3,654,682	$ 467,359,462	$ 94,460,245		$ 196,356,107	$ 76,578,073
Ending Balance (in shares) at Dec. 31, 2022			88,853,454	8,085,550

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ 21,669,452	$ (19,564,718)	$ (51,206,803)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	64,618,533	53,368,611	42,071,743
Change in deferred tax liability	(1,073,318)	(2,025,869)	(5,926,732)
Accretion of fair market value adjustment of secured debt	(35,738)	(110,942)	(130,682)
Amortization of debt issuance costs	2,594,163	1,676,309	3,586,381
Equity based compensation expense	3,968,494	2,907,808	1,738,873
Contingent earnout adjustment	1,514,447	12,619,744	(2,500,000)
Equity in loss of unconsolidated entities	1,690,205	1,050,250	0
Unrealized foreign currency and derivative (gains) losses	8,496,914	467,989	(93,878)
Net loss on extinguishment of debt	2,393,475	2,444,788	0
Gain on equity interests upon acquisition	(16,101,237)		0
Write-off of equity interest and preexisting relationships upon acquisition of control	2,049,682	8,389,573	0
Gain on deconsolidation of SST VI OP	0	(169,533)	0
Gain on sale of real estate	0	(178,631)	0
Impairment of goodwill and intangible assets	0	0	36,465,732
Impairment of investments in Managed REITs	0	0	4,376,879
Increase (decrease) in cash from changes in assets and liabilities:
Other assets, net	(780,731)	(1,367,439)	(1,170,734)
Purchase of SOFR interest rate caps	(6,053,700)	0	0
Accounts payable and accrued liabilities	3,293,359	99,039	298,510
Managed REITs receivables	(315,672)	(304,468)	(428,284)
Due to affiliates	(18,351)	(537,527)	(311,134)
Net cash provided by operating activities	87,909,977	58,764,984	26,769,871
Cash flows from investing activities:
Purchase of real estate	(72,512,886)	(64,585,072)	(612,892)
Additions to real estate	(10,415,161)	(10,288,805)	(14,946,580)
Deposits on acquisition of real estate	(1,384,665)	(340,000)	(298,317)
Redemption of preferred equity investment in SSGT II	0	13,500,000	19,000,000
Settlement of foreign currency hedges designated for hedge accounting	0	(3,190,899)	398,951
Investments in Managed REITs	(5,003,000)	0	0
Investments in unconsolidated real estate entities, net	(4,822,869)	(5,795,399)	0
Deconsolidation of SST VI OP	0	(3,011,368)	0
SST VI OP repayment of debt	0	5,600,000	0
SSGT III Mezzanine Loan repayment	42,000,000	0	0
Purchase of other investments	0	(1,967,476)	0
Net proceeds from the sale of real estate	228,146	256,237	0
Settlement of company owned life insurance	0	2,894,561	0
Purchase of foreign currency hedge	0	0	0
Net cash used in investing activities	(205,151,158)	(120,214,731)	(28,958,838)
Cash flows from financing activities:
Gross proceeds from issuance of non-revolver debt	150,000,000	271,675,995	341,717
Proceeds from issuance of revolver debt	318,000,000	246,505,250	0
Repayment of revolver debt	(183,000,000)	(15,000,000)	0
Repayment of non-revolver debt	(86,237,235)	(422,190,754)	0
Scheduled principal payments on non-revolver debt	(2,512,634)	(1,294,637)	(701,136)
Debt issuance costs	(2,081,854)	(6,970,064)	(4,537)
Debt defeasance costs	(2,544,346)	(525,467)	0
Offering costs	(601,345)	(971,752)	(656,524)
Redemption of common stock	(1,763,338)	(4,622,000)	(1,708,305)
Gross proceeds from issuance of equity in SST VI OP	0	4,015,815	0
Offering costs related to issuance of equity in SST VI OP	0	(373,067)	0
Gross proceeds from issuance of equity in other non controlling interests	1,000	0	0
Distributions paid to preferred stockholders	(12,500,000)	(12,277,935)	(8,786,655)
Distributions paid to common stockholders	(49,391,782)	(26,157,045)	(19,160,171)
Distributions paid to noncontrolling interest in our OP	(7,301,215)	(6,139,772)	(5,514,994)
Gross proceeds from issuance of preferred stock	0	0	50,000,000
Preferred stock issuance costs	0	0	(70,057)
Net cash provided by financing activities	120,067,251	25,674,567	13,739,338
Impact of foreign exchange rate changes on cash and restricted cash	(1,474,040)	(196,135)	536,182
Change in cash, cash equivalents, and restricted cash	1,352,030	(35,971,315)	12,086,553
Cash, cash equivalents, and restricted cash beginning of year	44,686,361	80,657,676	68,571,123
Cash, cash equivalents, and restricted cash end of year	46,038,391	44,686,361	80,657,676
Supplemental disclosures and non-cash transactions:
Cash paid for interest	36,523,574	27,220,673	32,834,244
Supplemental disclosure of noncash activities:
Issuance of shares pursuant to distribution reinvestment plan	5,243,398	19,564,929	15,954,081
Distributions payable	9,324,453	8,360,420	6,650,317
Conversion of A-2 Units into A-1 Units	31,514,447	11,219,744	0
Redemption of common stock included in accounts payable and accrued liabilities	0	1,676,874	732,725
Deposit applied to the purchase of real estate	190,000	156,940	200,000
Real estate and construction in process included in accounts payable and accrued liabilities	515,898	19,056	248,845
Issuance of common stock and OP Units in connection with the mergers	168,791,577	231,412,470	0
Debt assumed in Merger	0	81,165,978	0
SST IV Merger
Cash flows from investing activities:
Mergers, net of cash acquired	0	(46,486,510)	0
SSGT II Merger
Cash flows from investing activities:
Mergers, net of cash acquired	(65,540,723)	0	0
SST VI Mezzanine
Cash flows from investing activities:
Mezzanine loan funding	(28,200,000)	(6,800,000)	0
SSGT III Mezzanine
Cash flows from investing activities:
Mezzanine loan funding	(59,500,000)	0	0
Preferred Stock
Cash flows from investing activities:
Purchase of SSGT II Preferred Units	$ 0	$ 0	$ (32,500,000)

Organization

Organization	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Organization	Note 1. Organization SmartStop Self Storage REIT, Inc., a Maryland corporation (the “Company”), is a self-managed and fully-integrated self storage real estate investment trust (“REIT”), formed on January 8, 2013 under the Maryland General Corporation Law. Our year-end is December 31. As used in this report, “we,” “us,” “our,” and “Company” refer to SmartStop Self Storage REIT, Inc. and each of our subsidiaries. We acquire and own self storage facilities; we also operate self storage facilities owned by us as well as those owned by the entities sponsored by us. As of December 31, 2022, we owned 153 self storage facilities located in 19 states (Alabama, Arizona, California, Colorado, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, Nevada, North Carolina, Ohio, South Carolina, Texas, Virginia, Washington, and Wisconsin) and the Greater Toronto Area of Ontario, Canada. As discussed herein, we, through our subsidiaries, currently serve as the sponsor of Strategic Storage Trust VI, Inc., a publicly-registered non-traded REIT (“SST VI”), and Strategic Storage Growth Trust III, Inc., a private company that intends to elect to qualify as a REIT (“SSGT III” and together with SST VI , the "Managed REITs"). We also served as the sponsor of Strategic Storage Trust IV, Inc., a public non-traded REIT (“SST IV”) through March 17, 2021, and Strategic Storage Growth Trust II, Inc., a private REIT (“SSGT II”) through June 1, 2022, the dates on which we closed on the mergers of SST IV and SSGT II, respectively, as further described below. Prior to March 17, 2021 and June 1, 2022, SST IV and SSGT II respectively, were also included in the “Managed REITs.” We operate the properties owned by the Managed REITs, consisting of, as of December 31, 2022, 19 operating properties and approximately 14,600 units and 1.8 million rentable square feet. Through our Managed REIT Platform (as defined below), we originate, structure, and manage additional self storage investment products. Completed Transactions SSGT II Merger On June 1, 2022, we closed on our merger with SSGT II (the "SSGT II Merger"). As a result, we acquired all of the real estate owned by SSGT II, consisting of (i) 10 wholly-owned self storage facilities located in seven states comprising approximately 7,740 self storage units and approximately 853,900 net rentable square feet, and (ii) SSGT II’s 50 % equity interest in three unconsolidated real estate ventures located in the Greater Toronto Area of Ontario, Canada. As of the merger date, the unconsolidated real estate ventures (collectively, the "SSGT II JV Properties") consisted of one operating self storage property and two parcels of land being developed into self storage facilities, with subsidiaries of SmartCentres Real Estate Investment Trust, an unaffiliated third party ("SmartCentres") owning the other 50% of such entities. Additionally, we obtained SSGT II's rights to acquire (i) one parcel of land being developed into a self storage facility in an unconsolidated joint venture with SmartCentres, and (ii) a self storage property located in Southern California. Subsequent to December 31, 2022, on January 12, 2023, we acquired the aforementioned parcel of land in an unconsolidated joint venture that we and SmartCentres intend to develop into a self storage facility in the future. As of December 31, 2022, one of the development joint venture properties had been completed and had begun operations. As a result of the SSGT II Merger, approximately 11.5 million shares of SmartStop Class A common stock ("Class A Shares") were issued in exchange for approximately 12.7 million shares of SSGT II common stock. See Note 3 – Real Estate Facilities, for additional information related to the SSGT II Merger. SST IV Merger On March 17, 2021, we closed on our merger with SST IV (the “SST IV Merger”). As a result, we acquired all of the real estate owned by SST IV, consisting of (i) 24 self storage facilities located in nine states comprising approximately 18,000 self storage units and approximately 2.0 million net rentable square feet, and (ii) SST IV’s 50 % equity interest in six unconsolidated real estate ventures located in the Greater Toronto Area of Ontario, Canada (collectively the “SST IV JV Properties”). The SST IV JV Properties consisted of three operating self storage properties and three parcels of land in various stages of development into self storage facilities as of the merger date, jointly owned with subsidiaries of SmartCentres. As of December 31, 2022, two of the development joint venture properties had been completed and had begun operations. As a result of the SST IV Merger, approximately 23.1 million Class A Shares were issued in exchange for approximately 10.6 million shares of SST IV common stock. 2032 Private Placement Notes On April 19, 2022, we as guarantor, and SmartStop OP, L.P. (our "Operating Partnership") as issuer, entered into a note purchase agreement (the "Note Purchase Agreement"), pursuant to which we issued $ 150 million of 4.53 % Senior Notes due April 19, 2032 (the "2032 Private Placement Notes"). The proceeds were used primarily to pay off existing debt and to pay off certain existing indebtedness of SSGT II in connection with the SSGT II Merger. See Note 5 – Debt, for additional information. Credit Facility On March 17, 2021, we, through our Operating Partnership, entered into a credit facility with KeyBank, National Association as administrative agent, with an initial aggregate commitment of $ 500 million (the “Credit Facility”), which consisted of a $ 250 million revolving credit facility and a $ 250 million term loan. We used the initial draw proceeds of approximately $ 451 million primarily to pay off certain existing indebtedness as well as indebtedness of SST IV in connection with the SST IV Merger. On October 7, 2021, we amended the Credit Facility to increase the commitments on the revolving credit facility by $ 200 million, to $ 450 million. As a result of this amendment, the aggregate commitment under the Credit Facility is now $ 700 million. On April 19, 2022, we amended the Credit Facility to facilitate the issuance of the 2032 Private Placement Notes, make conforming changes between the Note Purchase agreement and the Credit Facility, and to transition from London Interbank Offer Rate ("LIBOR") to secured overnight financing rate ("SOFR") for floating rate borrowings. See Note 5 – Debt, for additional information. Equity We commenced our initial public offering in January 2014 , in which we offered a maximum of $ 1.0 billion in common shares for sale to the public (the “Primary Offering”) and $ 95.0 million in common shares for sale pursuant to our distribution reinvestment plan (collectively, the “Offering”) At the termination of our Offering in January 2017, we had sold approximately 48 million Class A Shares and approximately 7 million Class T Shares for approximately $ 493 million and $ 73 million respectively. In November 2016, we filed with the Securities Exchange Commission ("SEC") a Registration Statement on Form S-3, which registered up to an additional $ 100.9 million in shares under our distribution reinvestment plan (our “DRP Offering”). The DRP Offering may be terminated at any time upon 10 days’ prior written notice to stockholders. As of December 31, 2022, we had sold approximately 7.2 million Class A Shares and approximately 1.0 million Class T Shares for approximately $ 77.8 million and $ 11.1 million, respectively, in our DRP Offering. On December 6, 2022, our board of directors, (the "Board"), upon recommendation of our Nominating and Corporate Governance Committee, approved an Estimated Per Share NAV of our common stock of $ 15.21 for our Class A Shares and Class T Shares based on the estimated value of our assets less the estimated value of our liabilities, or net asset value, divided by the number of shares outstanding on a fully diluted basis, calculated as of September 30, 2022. Prior to the termination of our Primary Offering, Select Capital Corporation, a California corporation (our “Former Dealer Manager”), was responsible for marketing our shares offered pursuant to our Primary Offering. Strategic Asset Management I, LLC (f/k/a SmartStop Asset Management, LLC), our former sponsor ("SAM") previously indirectly owned a 15 % non-voting equity interest in our Former Dealer Manager. Now that our Primary Offering has terminated, our Former Dealer Manager no longer provides such services for us. However, through March 31, 2022 we paid our Former Dealer Manager an ongoing stockholder servicing fee with respect to the Class T Shares sold in the Primary Offering. See Note 10 – Related Party Transactions – Former Dealer Manager Agreement. Other Corporate History Our Operating Partnership was formed on January 9, 2013 . During 2013, Strategic Storage Advisor II, LLC, our former external advisor (“Former External Advisor”) purchased limited partnership interests in our Operating Partnership for $ 200,000 and on August 2, 2013, we contributed the initial $ 1,000 capital contribution we received to our Operating Partnership in exchange for the general partner interest. As we accepted subscriptions for shares of our common stock, we transferred all of the net Offering proceeds to our Operating Partnership as capital contributions in exchange for additional units of interest in our Operating Partnership. However, we were deemed to have made capital contributions in the amount of gross proceeds received from investors, and our Operating Partnership was deemed to have simultaneously paid the sales commissions and other costs associated with the Offering. Our issuances of Preferred Stock were treated similarly and we received related units of interest in our Operating Partnership. In addition, our Operating Partnership is structured to make distributions with respect to limited partnership units that are equivalent to the distributions made to holders of common stock. Finally, a common limited partner in our Operating Partnership may later exchange his or her common limited partnership units in our Operating Partnership for shares of our common stock at any time after one year following the date of issuance of their limited partnership units, subject to certain restrictions outlined in our Operating Partnership’s limited partnership agreement. Our Operating Partnership owns, directly or indirectly through one or more subsidiaries, all of the self storage properties that we own. As of December 31, 2022, we owned approximately 88.4 % of the common units of limited partnership interests of our Operating Partnership. The remaining approximately 11.6 % of the common units are owned by current and former members of our executive management team or indirectly by SAM, its affiliates, and affiliates of our Former Dealer Manager. As the sole general partner of our Operating Partnership, we have the exclusive power to manage and conduct the business of our Operating Partnership. Recent Economic Conditions Broad economic weakness, inflationary pressures, rising interest rates, geopolitical events, or other economic events could adversely impact our business, financial condition, liquidity and results of operations. However, the extent and duration to which our operations may be impacted is highly uncertain and cannot be predicted.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC. Unaudited Information The square footage, unit count, and occupancy percentage data and related disclosures included in these notes to the consolidated financial statements are unaudited. Principles of Consolidation Our financial statements, and the financial statements of our Operating Partnership, including its wholly-owned subsidiaries, are consolidated in the accompanying consolidated financial statements. The portion of these entities not wholly-owned by us is presented as noncontrolling interests. All intercompany accounts and transactions have been eliminated in consolidation. Strategic Storage Operating Partnership VI, L.P. (“SST VI OP”), the operating partnership of SST VI, and its wholly-owned subsidiaries, were consolidated by us until May 1, 2021. From March 10, 2021 (the date of our initial investment in SST VI OP) until May 1, 2021, the portion not wholly-owned by us was presented as noncontrolling interests, and all intercompany accounts and transactions were eliminated in consolidation during that period. Consolidation Considerations Current accounting guidance provides a framework for identifying a variable interest entity (“VIE”) and determining when a company should include the assets, liabilities, noncontrolling interests, and results of activities of a VIE in its consolidated financial statements. In general, a VIE is an entity or other legal structure used to conduct activities or hold assets that either (1) has an insufficient amount of equity to carry out its principal activities without additional subordinated financial support, (2) has a group of equity owners that are unable to make significant decisions about its activities, or (3) has a group of equity owners that do not have the obligation to absorb losses or the right to receive returns generated by its operations. Generally, a VIE should be consolidated if a party with an ownership, contractual, or other financial interest in the VIE (a variable interest holder) has the power to direct the VIE’s most significant activities and the obligation to absorb losses or right to receive benefits of the VIE that could be significant to the VIE. A variable interest holder that consolidates the VIE is called the primary beneficiary. Upon consolidation, the primary beneficiary generally must initially record all of the VIE’s assets, liabilities, and noncontrolling interest at fair value and subsequently account for the VIE as if it were consolidated based on majority voting interest. Our Operating Partnership is deemed to be a VIE and is consolidated by the Company as we are currently the primary beneficiary. Our sole significant asset is our investment in our Operating Partnership; as a result, substantially all of our assets and liabilities represent those assets and liabilities of our Operating Partnership and its wholly-owned subsidiaries. From March 10, 2021 until May 1, 2021, we were deemed to be the primary beneficiary of SST VI OP, and their operations were therefore consolidated by us. Subsequent to May 1, 2021, we are no longer the primary beneficiary, and their operations are no longer consolidated by us. On March 1, 2022, Pacific Oak Holding Group, LLC, the parent company of Pacific Oak Capital Markets, LLC, the dealer manager for the public offering of SST VI, became a 10 % non-voting member of Strategic Storage Advisor VI, LLC, our advisor to SST VI (the "SST VI Advisor"). We continue to be the primary beneficiary of SST VI Advisor, and their operations therefore continue to be consolidated by us. As of December 31, 2022, we were not a party to any other material contracts or interests that would be deemed variable interests in VIEs other than our joint ventures with SmartCentres, which are all accounted for under the equity method of accounting (see Note 4 – Investments in Unconsolidated Real Estate Ventures for additional information), and our joint venture programs through which we offer our tenant insurance, tenant protection plans or similar programs (the "Tenant Protection Programs") with SST VI, SSGT III, SSGT II (through June 1, 2022) which are consolidated. Equity Investments Under the equity method, our investments are stated at cost and adjusted for our share of net earnings or losses and reduced by distributions and impairments, as applicable. Equity in earnings will generally be recognized based on our ownership interest in the earnings of each of the unconsolidated investments and recorded within the Other line item in our consolidated statements of operations. Investments in and Advances to Managed REITs As of December 31, 2022, and 2021, we owned equity and debt investments in the Managed REITs; such amounts are included in Investments in and advances to Managed REITs within our consolidated balance sheets. We account for the equity investments using the equity method of accounting as we have the ability to exercise significant influence, but not control, over the Managed REITs’ operating and financial policies through our advisory and property management agreements with the respective Managed REITs. The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for our share of equity in the respective Managed REIT’s earnings and reduced by distributions. We record the interest on the debt investments on the accrual basis and such income is included in other in our consolidated statements of operations. See Note 10 – Related Party Transactions for additional information. Noncontrolling Interests in Consolidated Entities We account for the noncontrolling interests in our Operating Partnership and the noncontrolling interests in SST VI Advisor and our Tenant Protection Programs joint ventures with SST VI, SSGT III, and SSGT II (prior to the SSGT II Merger on June 1, 2022) in accordance with the related accounting guidance. Due to our control through our general partnership interest in our Operating Partnership and the limited rights of the limited partners, our Operating Partnership, including its wholly-owned subsidiaries, are consolidated with the Company and the limited partner interests are reflected as noncontrolling interests in the accompanying consolidated balance sheets. We also consolidate our interests in the SSGT II and SST VI Tenant Protection Programs and present the minority interests as noncontrolling interests in the accompanying consolidated balance sheets. The noncontrolling interests shall be attributed their share of income and losses, even if that attribution results in a deficit noncontrolling interests balance . Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions. Management will adjust such estimates when facts and circumstances dictate. Actual results could materially differ from those estimates. The most significant estimates made include that of real estate acquisition valuation and the allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed at relative fair value, the evaluation of potential impairment of indefinite and long-lived assets and goodwill, and the estimated useful lives of real estate assets and intangibles. Cash and Cash Equivalents We consider all short-term, highly liquid investments that are readily convertible to cash with a maturity of three months or less at the time of purchase to be cash equivalents. We may maintain cash and cash equivalents in financial institutions in excess of insured limits, but believe this risk will be mitigated by only investing in or through major financial institutions. Restricted Cash Restricted cash consists primarily of impound reserve accounts for property taxes, insurance and capital improvements in connection with the requirements of certain of our loan agreements. Real Estate Purchase Price Allocation and Treatment of Acquisition Costs We account for asset acquisitions in accordance with GAAP which requires that we allocate the purchase price of a property to the tangible and intangible assets acquired and the liabilities assumed based on their relative fair values as of the date of acquisition. This guidance requires us to make significant estimates and assumptions, including fair value estimates, which requires the use of significant unobservable inputs as of the acquisition date. We engage third-party valuation specialists to assist in the determination of significant estimates and market-based assumptions used in the valuation models. The value of the tangible assets, consisting of land and buildings, is determined as if vacant. Substantially all of the leases in place at acquired properties are at market rates, as the majority of the leases are month-to-month contracts. We also consider whether in-place, market leases represent an intangible asset. We recorded approximately $ 10.5 million, $ 21.5 million, and none in intangible assets to recognize the value of in-place leases related to our acquisitions during the years ended December 31, 2022, 2021 and 2020, respectively. We do not expect, nor to date have we recorded, intangible assets for the value of customer relationships because we expect we will not have concentrations of significant customers and the average customer turnover will be fairly frequent. Allocation of purchase price to acquisitions of portfolios of facilities are allocated to the individual facilities based upon an income approach or a cash flow analysis using appropriate risk adjusted capitalization rates which take into account the relative size, age, and location of the individual facility along with current and projected occupancy and rental rate levels or appraised values, if available. Acquisitions that do not meet the definition of a business, as defined under current GAAP, are accounted for as asset acquisitions. During the years ended December 31, 2022 and 2021, our property acquisitions, including the SST IV Merger and the SSGT II merger, did not meet the definition of a business because substantially all of the fair value was concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings, and related intangible assets) and because the acquisitions did not include a substantive process in the form of an acquired workforce or an acquired contract that cannot be replaced without significant cost, effort or delay. As a result, once an acquisition is deemed probable, acquisition related transaction costs are capitalized rather than expensed. During the years ended December 31, 2022, 2021, and 2020 we expensed approximately $ 0.9 million, $ 0.9 million, and $ 1.4 million, respectively, of acquisition-related transaction costs that did not meet our capitalization policy during the respective periods. Evaluation of Possible Impairment of Real Property Assets Management monitors events and changes in circumstances that could indicate that the carrying amounts of our real property assets may not be recoverable. When indicators of potential impairment are present that indicate that the carrying amounts of the assets may not be recoverable, we will assess the recoverability of the assets by determining whether the carrying value of the real property assets will be recovered through the undiscounted future operating cash flows expected from the use of the asset and its eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying value, we will adjust the value of the real property assets to the fair value and recognize an impairment loss. For the years ended December 31, 2022, 2021, and 2020, no real property asset impairment losses were recognized. Goodwill Valuation We initially recorded goodwill as a result of the Self Administration Transaction (as defined in Note 10 – Related Party Transactions), which occurred in 2019. Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible assets and other intangible assets acquired. Goodwill is allocated to various reporting units, as applicable, and is not amortized. We perform an annual impairment test for goodwill, and between annual tests, we evaluate the recoverability of goodwill whenever events or changes in circumstances indicate that the carrying amount of goodwill may not be fully recoverable. In our impairment test of goodwill, we perform a quantitative analysis to compare the fair value of each reporting unit to its respective carrying amount. If the carrying amount of goodwill exceeds its fair value, an impairment charge will be recognized. See Note 10 – Related Party Transactions for additional information. Trademarks In connection with the Self Administration Transaction, we recorded the fair value associated with the two primary trademarks acquired therein. Trademarks are based on the value of our brands. Trademarks are valued using the relief from royalty method, which presumes that without ownership of such trademarks, we would have to make a stream of payments to a brand or franchise owner in return for the right to use their name. By virtue of this asset, we avoid any such payments and record the related intangible fair value of our ownership of the brand name. As of December 31, 2022 and December 31, 2021, $ 15.7 million was recorded related to the SmartStop® Self Storage trademark, which is an indefinite lived trademark. As of December 31, 2022 and December 31, 2021, approximately $ 0.2 million and $ 0.4 million, respectively, was recorded to the “Strategic Storage ®” trademark, which is a definite lived trademark. The total estimated future amortization expense of the “Strategic Storage®” trademark asset for the years ending December 31, 2023 and 2024, is approximately $ 140,000 and $ 70,000 , respectively, and none thereafter. We qualitatively evaluate whether any triggering events or changes in circumstances have occurred subsequent to our annual impairment test that would indicate an impairment condition may exist. If any change in circumstance or triggering event occurs, and results in a significant impact to our revenue and profitability projections, or any significant assumption in our valuation methods is adversely impacted, the impact could result in a material impairment charge in the future. Revenue Recognition Self Storage Operations Management believes that all of our leases are operating leases. Rental income is recognized in accordance with the terms of the leases, which generally are month-to-month. Revenues from any long-term operating leases are recognized on a straight-line basis over the term of the lease. The excess of rents received over amounts contractually due pursuant to the underlying leases is included in accounts payable and accrued liabilities in our consolidated balance sheets, and contractually due but unpaid rent is included in other assets. In accordance with ASC 842, we review the collectability of lease payments on an ongoing basis. We consider collectability indicators when analyzing accounts receivable and historical bad debt levels, current economic trends, all of which assist in evaluating the probability of outstanding and future rental income collections. Additionally, we earn ancillary revenue by selling tenant insurance or tenant protection plans to customers at our properties through our Tenant Protection Programs, and to a lesser extent, through the sale of various moving and packing supplies such as locks and boxes. We recognize such revenue in the Ancillary operating revenue line within our consolidated statements of operations as the services are performed and as the goods are delivered. Managed REIT Platform We earn property management and asset management revenue, pursuant to the respective property management and advisory agreement contracts, in connection with providing services to the Managed REITs. We have determined under ASC 606 – Revenue from Contracts with Customers (“ASC 606”), that the performance obligation for the property management services and asset management services are satisfied as the services are rendered. While we are compensated for our services on a monthly basis, these services represent a series of distinct daily services in accordance with ASC 606. Such revenue is recorded in the Managed REIT Platform revenue line within our consolidated statements of operations. The Managed REITs’ advisory agreements also provide for reimbursement to us of our direct and indirect costs of providing administrative and management services to the Managed REITs. These reimbursements include costs incurred in relation to organization and offering services provided to the Managed REITs and the reimbursement of salaries, bonuses, and other expenses related to benefits paid to our employees while performing services for the Managed REITs. The Managed REITs’ property management agreements also provide reimbursement to us for the property manager’s costs of managing the properties. Reimbursable costs include wages and salaries and other expenses that arise in operating, managing and maintaining the Managed REITs’ properties. Under ASC 606, direct reimbursement of such costs does not represent a separate performance obligation from our obligation to perform property management and asset management services. The reimbursement income is considered variable consideration, and is recognized as the costs are incurred, subject to limitations on the Managed REIT Platform’s ability to incur offering costs or limitations imposed by the advisory agreements. We have elected to separately record such revenue in the Reimbursable costs from Managed REITs line within our consolidated statements of operations. Additionally, we earn revenue in connection with our Tenant Protection Programs joint ventures with our Managed REITs. We also earn development and construction management revenue from services we provide in connection with the project design, coordination and oversite of development and certain capital improvement projects undertaken by the Managed REITs. We recognize such revenue in the Managed REIT Platform revenue line within our consolidated statements of operations as the services are performed or delivered. See Note 10 – Related Party Transactions, for additional information regarding revenue generated from our Managed REIT Platform. Allowance for Doubtful Accounts Tenant accounts receivable is reported net of an allowance for doubtful accounts. Management records this general allowance estimate based upon a review of the current status of accounts receivable. It is reasonably possible that management’s estimate of the allowance will change in the future . As of December 31, 2022 and 2021, approximately $ 0.7 million and $ 0.5 million were recorded to allowance for doubtful accounts, respectively, and are included within other assets in the accompanying consolidated balance sheets. Advertising Costs Advertising costs are expensed in the period in which the cost is incurred and are included in property operating expenses and general and administrative lines within our consolidated statements of operations, depending on the nature of the expense. The Company incurred advertising costs of approximately $ 1.3 million and $ 0.7 million for the years ended December 31, 2022 and 2021, respectively, within general and administrative. The Company incurred advertising costs of approximately $ 4.4 million and $ 3.7 million for the years ended December 31, 2022 and 2021, respectively, within property operating expenses. Real Estate Facilities We capitalize costs incurred to develop, construct, renovate and improve properties, including interest and property taxes incurred during the construction period. The construction period begins when expenditures for the real estate assets have been made and activities that are necessary to prepare the asset for its intended use are in progress. The construction period ends when the asset is substantially complete and ready for its intended use. Depreciation of Real Property Assets Our management is required to make subjective assessments as to the useful lives of our depreciable assets. We consider the period of future benefit of the asset to determine the appropriate useful lives. Depreciation of our real property assets is charged to expense on a straight-line basis over the estimated useful lives Description Standard Land Not Depreciated Buildings 30 - 40 years Site Improvements 7 - 10 years Depreciation of Personal Property Assets Personal property assets consist primarily of furniture, fixtures and equipment and are depreciated on a straight-line basis over the estimated useful lives, generally ranging from 3 to 5 years , and are included in other assets on our consolidated balance sheets. Intangible Assets We have allocated a portion of our real estate purchase price to in-place lease intangibles. We amortize in-place lease intangibles on a straight-line basis over the estimated future benefit period. As of December 31, 2022, the gross amount allocated to in-place lease intangibles was approximately $ 78.6 million and accumulated amortization of in-place lease intangibles totaled approximately $ 71.1 million. As of December 31, 2021, the gross amounts allocated to in-place lease intangibles were approximately $ 68.6 million and accumulated amortization of in-place lease intangibles totaled approximately $ 56.8 million. The total estimated future amortization expense of intangible assets related to our self storage properties for the years ending December 31, 2023, 2024, 2025, 2026, and thereafter is approximately $ 6.4 million, $ 0.1 million, $ 0.1 million, $ 0.1 million, and $ 0.8 million respectively. As of December 31, 2022, the gross amount of the intangible assets related to management contracts and one purchase and sale contract, which is not amortized, for a self storage property was approximately $ 9.9 million and accumulated amortization of those intangibles totaled approximately $ 1.8 million. As of December 31, 2021, the gross amount of the intangible assets related to management contracts was approximately $ 6.8 million and accumulated amortization of those intangibles totaled approximately $ 4.3 million. In connection with the SSGT II Merger, we wrote-off the carrying value of the intangible assets related to the SSGT II property management and advisory agreements. See Note 10 – Related Party Transactions for additional information. The total estimated future amortization expense related to the management contract intangible asset for the years ending December 31, 2023, 2024, and thereafter is approximately $ 55,000 , $ 55,000 , and none thereafter, respectively. We evaluate whether any triggering events or changes in circumstances have occurred subsequent to our annual impairment test that would indicate an impairment condition may exist. If any change in circumstance or triggering event occurs, and results in a significant impact to our revenue and profitability projections, or any significant assumption in our valuations methods is adversely impacted, the impact could result in a material impairment charge in the future. Debt Issuance Costs The net carrying value of costs incurred in connection with obtaining non revolving debt are presented on the balance sheet as a deduction from debt; amounts incurred related to obtaining revolving debt are included in the debt issuance costs line on our consolidated balance sheet (see Note 5 – Debt). Debt issuance costs are amortized using the effective interest method. As of December 31, 2022, the gross amount of debt issuance costs related to our revolving credit facility totaled approximately $ 4.5 million and accumulated amortization of debt issuance costs related to our revolving credit facility totaled approximately $ 2.4 million. As of December 31, 2021, the gross amount of debt issuance costs related to our revolving credit facility totaled $ 4.1 million , and accumulated amortization of debt issuance costs related to our revolving credit facility totaled $ 0.8 million. As of December 31, 2022, the gross amount allocated to debt issuance costs related to non-revolving debt totaled approximately $ 7.0 million and accumulated amortization of debt issuance costs related to non-revolving debt totaled approximately $ 2.5 million. As of December 31, 2021, the gross amount allocated to debt issuance costs related to non-revolving debt totaled approximately $ 5.8 million and accumulated amortization of debt issuance costs related to non-revolving debt totaled approximately $ 1.9 million. Organizational and Offering Costs Through March 31, 2022, we paid our Former Dealer Manager an ongoing stockholder servicing fee that was payable monthly and accrued daily in an amount equal to 1/365th of 1% of the purchase price per share of the Class T Shares sold in the Primary Offering. In accordance with the selling agreements we entered into with respect to the sale of Class T Shares, we ceased paying the stockholder servicing fee with respect to the Class T Shares sold in the Primary Offering on the fifth anniversary of the last day of the fiscal quarter in which our Primary Offering (i.e., excluding our distribution reinvestment plan offering) terminated March 31, 2022. Our Former Dealer Manager entered into participating dealer agreements with certain other broker-dealers which authorized them to sell our shares. Upon sale of our shares by such broker-dealers, our Former Dealer Manager re-allowed all of the sales commissions and, subject to certain limitations, the stockholder servicing fees paid in connection with sales made by these broker-dealers. Our Former Dealer Manager was also permitted to re-allow to these broker-dealers a portion of their dealer manager fee as marketing fees, reimbursement of certain costs and expenses of attending training and education meetings sponsored by our Former Dealer Manager, payment of attendance fees required for employees of our Former Dealer Manager or other affiliates to attend retail seminars and public seminars sponsored by these broker-dealers, or to defray other distribution-related expenses. We recorded a liability within due to affiliates for the future estimated stockholder servicing fees at the time of sale of Class T Shares as an offering cost. Foreign Currency Translation For non-U.S. functional currency operations, assets and liabilities are translated to U.S. dollars at current exchange rates as of the reporting date. Revenues and expenses are translated at the average rates for the period. All adjustments related to amounts classified as long term net investments are recorded in accumulated other comprehensive income (loss) as a separate component of equity. Transactions denominated in a currency other than the functional currency of the related operation are recorded at rates of exchange in effect at the date of the transaction. Changes in investments not classified as long term are recorded in other income (expense) and represented a loss of approximately $ 9.6 million and a loss of approximately $ 3.8 million for the years ended December 31, 2022 and 2021, respectively. Redeemable Common Stock We adopted a share redemption program (“SRP”) that enables stockholders to sell their shares to us in limited circumstances. We have evaluated the terms of our SRP and we classify amounts that are redeemable under the SRP as redeemable common stock in the accompanying consolidated balance sheets. The maximum amount of redeemable shares under our SRP is limited to the net proceeds from the distribution reinvestment plan. However, accounting guidance states that determinable amounts that can become redeemable should be presented as redeemable when such amount is known. Therefore, the net proceeds from the distribution reinvestment plan are considered to be temporary equity and are presented as redeemable common stock in the accompanying consolidated balance sheets. In addition, current accounting guidance requires, among other things, that financial instruments that represent a mandatory obligation of us to repurchase shares be classified as liabilities and reported at settlement value. When we determine we have a mandatory obligation to repurchase shares under the SRP, we reclassify such obligations from temporary equity to a liability based upon their respective settlement values. On August 26, 2019, our board of directors approved a partial suspension of our SRP, effective as of September 27, 2019, so that common shares were redeemable at the option of the holder only in connection with (i) death or disability of a stockholder, (ii) confinement to a long-term care facility, or (iii) other exigent circumstances. In order to preserve cash in light of the uncertainty relating to COVID-19 and its potential impact on our overall financial results, on March 30, 2020, our board of directors approved the complete suspension of our SRP, effective on April 29, 2020. Due to the complete suspension, we were unable to honor redemption requests made during the quarter ended March 31, 2020 or the quarter ended June 30, 2020. On August 20, 2020, our board of directors partially reinstated the SRP, effective as of September 23, 2020. On March 7, 2022, the board of directors approved the complete suspension of the Company's SRP. See Note 12 – Commitments and Contingencies of the Notes to the Consolidated Financial Statements contained in this report for additional information. For the year ended December 31, 2022, we received redemption requests totaling approximately $ 2.4 million (approximately 0.2 million shares). Due to the complete suspension of our SRP we were unable to honor redemption requests made during the year ended December 31, 2022. For the year ended December 31, 2021, we received redemption requests totaling approximately $ 5.6 million (approximately 0.4 million shares), approximately $ 3.9 million of which were fulfilled during the year ended December 31, 2021, with the remaining approximately $ 1.7 million included in accounts payable and accrued liabilities as of December 31, 2021 and fulfilled in January 2022. For the year ended December 31, 2020, we received redemption requests totaling approximately $ 2.0 million (approximately 0.2 million shares), approximately $ 1.3 million of which were fulfilled during the year ended December 31, 2020, with the remaining approximately $ 0.7 million included in accounts payable and accrued liabilities as of December 31, 2020 and fulfilled in January 2021. Accounting for Equity Awards We issue equity based awards in two forms: (1) restricted stock awards consisting of shares of our common stock and (2) long-term incentive plan units of our Operating Partnership (“LTIP Units”), both of which may be issued subject to either time based vesting criteria or performance based vesting criteria restrictions. For time based awards granted which contain a graded vesting schedule, compensation cost is recognized as an expense on a straight-line basis over the requisite service period as if the award was, in substance, a single award. For performance based awards, compensation cost is recognized over the requisite service period if and when we determine the performance condition is probable of being achieved. We record the cost of such equity based awards based on the grant date fair value, and have elected to record forfeitures as they occur. Employee Benefit Plan The Company terminated its relationship with a professional employer organization and began maintaining its own retirement savings plan during the year ended December 31, 2021 under Section 401(k) of the Internal Revenue Code under which eligible employees can contribute up to 100 % of their annual salary, subject to a statutory prescribed annual limit. For the year ended December 31, 2022 and 2021, the Company made matching contributions to such plan of approximately $ 0.5 million and $ 0.2 million, respectively, based on a company match of 100 % on

Real Estate Facilities

Real Estate Facilities	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Real Estate Facilities	Note 3. Real Est ate Facilities The following summarizes the activity in real estate facilities during the years ended December 31, 2022 and 2021: Real estate facilities Balance at December 31, 2020 $ 1,210,102,582 Facilities acquired through merger with SST IV 324,344,636 Facility acquisitions 47,162,974 Impact of foreign exchange rate changes ( 138,457 ) Improvements and additions (1) 12,151,893 Acquisitions, additions and other (2) 15,689,143 Disposition due to deconsolidation (2) ( 15,689,143 ) Balance at December 31, 2021 1,593,623,628 Facilities acquired through merger with SSGT II 228,359,718 Other facility acquisitions (3) 69,981,850 Impact of foreign exchange rate changes ( 12,984,154 ) Improvements and additions (4) 8,224,603 Balance at December 31, 2022 $ 1,887,205,645 Accumulated depreciation Balance at December 31, 2020 $ ( 115,903,045 ) Depreciation expense ( 40,158,233 ) Disposition due to deconsolidation (2) 62,466 Impact of foreign exchange rate changes 71,937 Balance at December 31, 2021 ( 155,926,875 ) Depreciation expense ( 48,400,073 ) Impact of foreign exchange rate changes 1,644,260 Balance at December 31, 2022 $ ( 202,682,688 ) (1) Included herein is an addition to our Riverview, Florida property of approximately $ 2.3 million, which added 25,400 net rentable square feet and approximately 150 additional units, and opened in June of 2021. The remainder consists primarily of solar panel installations, LED lighting conversions, and other general capital improvements. (2) Such activity primarily represents the acquisition of a property completed by SST VI OP, which as of the acquisition date was consolidated within our consolidated financial statements. On May 1, 2021, we deconsolidated SST VI OP as we were no longer the primary beneficiary, which resulted in the removal of such facility from our consolidated balance sheet. Our investment in SST VI OP is now included within “Investments in and advances to managed REITs” within our consolidated balance sheet. (3) Such amount includes four individual property acquisitions completed during the year ended December 31, 2022. (4) Included herein consists of approximately $ 1.0 million of solar panel installations, the remainder being comprised of other general capital improvements. SSGT II Merger On June 1, 2022, (the "SSGT II Merger Date"), each share of SSGT II’s common stock, $ 0.001 par value per share (“SSGT II Common Stock”), issued and outstanding immediately prior to the effective time of the Merger (other than shares owned by us, any subsidiary of ours, or any subsidiary of SSGT II) was automatically converted into the right to receive 0.9118 shares of our Class A Shares , subject to the treatment of fractional shares in accordance with the SSGT II merger agreement (the “SSGT II Merger Consideration”). As a result of the SSGT II Merger, we acquired all of the real estate owned by SSGT II, which as of the SSGT II Merger date consisted of (i) 10 wholly-owned self storage facilities located in seven states comprising approximately 7,740 self storage units and approximately 853,900 net rentable square feet, and (ii) SSGT II’s 50 % equity interest in three unconsolidated real estate ventures located in the Greater Toronto Area of Ontario, Canada. The unconsolidated real estate ventures consist of two operating self storage properties and one parcel of land being developed into a self storage facility, with subsidiaries of SmartCentres owning the other 50 % of such entities. Additionally, we obtained SSGT II's rights to acquire (i) one parcel of land being developed into a self storage facility in an unconsolidated joint venture with SmartCentres, and (ii) a self storage property located in Southern California. Subsequent to December 31, 2022, on January 12, 2023, we acquired the aforementioned parcel of land in an unconsolidated joint venture that we and SmartCentres intend to develop into a self storage facility in the future. A s of December 31, 2022, one of the development joint venture properties had been completed and had begun operations. The following table reconciles the total consideration transferred in the SSGT II Merger: Fair value of consideration: Common stock issued $ 168,791,577 Cash (1) 76,300,006 Preexisting investments in and advances to SSGT II (2) 16,066,930 Total consideration $ 261,158,513 (1) The approximately $ 76.3 million in cash was primarily used to pay off approximately $ 75.1 million of SSGT II's debt that we did not assume in the SSGT II Merger, as well as approximately $ 1.2 million in transaction costs. (2) Upon our acquisition of SSGT II, we recorded a gain of approximately $ 16.1 million to record the then fair market value of our special limited partnership interest in SSGT II operating partnership. We issued approximately 11.5 million Class A Shares to the former SSGT II stockholders in connection with the SSGT II Merger. The estimated fair value of our common stock issued was determined by third party valuation specialists primarily based on an income approach to value our properties as well as our Managed REIT Platform, adjusted for market related adjustments and illiquidity discounts, less the estimated fair value of our debt and other liabilities. These fair value measurements are based on significant inputs not observable in the market and thus represent a Level 3 measurement as discussed in Note 2 – Summary of Significant Accounting Policies. The key assumptions used in estimating the fair value of our common stock included a marketability discount of 6 %, projected annual net operating income, land sales comparisons, growth rates, discount rates, and capitalization rates. The following table summarizes the relative fair values of the assets acquired and liabilities assumed in the SSGT II Merger: Assets Acquired: Land $ 21,111,616 Buildings 201,026,974 Site improvements 6,221,128 Construction in process 252,925 Intangible assets (1) 15,688,002 Investments in real estate joint ventures 7,394,539 Cash and cash equivalents, and restricted cash 10,759,283 Other assets 847,359 Total assets acquired $ 263,301,826 Liabilities assumed: Total liabilities assumed (2) $ 2,143,313 Total net assets acquired $ 261,158,513 (1) Approximately $ 8.0 million of the intangible assets acquired relates to the value of a purchase and sale agreement for the acquisition of a property in San Gabriel, CA that we assumed in the SSGT II Merger. The remainder of the intangible asset relates to value ascribed to the in-place leases on the properties acquired. (2) Liabilities assumed represents accounts payable and other liabilities. As a result of our acquiring SSGT II and terminating the preexisting advisory and property management agreements with SSGT II, we expensed approximately $ 2.0 million related to such assets on the acquisition date. SST IV Merger On November 10, 2020, we, SST IV Merger Sub, LLC, a Maryland limited liability company and a wholly-owned subsidiary of ours (“SST IV Merger Sub”), and SST IV entered into an agreement and plan of merger (the “SST IV Merger Agreement”). Pursuant to the terms and conditions set forth in the SST IV Merger Agreement, on March 17, 2021 (the “SST IV Merger Date”), we acquired SST IV by way of a merger of SST IV with and into SST IV Merger Sub, with SST IV Merger Sub being the surviving entity. On the SST IV Merger Date, each share of SST IV common stock outstanding immediately prior to the SST IV Merger Date (other than shares owned by SST IV and its subsidiaries or us and our subsidiaries) was automatically converted into the right to receive 2.1875 Class A Shares (the “SST IV Merger Consideration”). Immediately prior to the SST IV Merger, all shares of SST IV common stock that were subject to vesting and other restrictions also became fully vested and converted into the right to receive the SST IV Merger Consideration. As a result of the SST IV Merger, we acquired all of the real estate owned by SST IV, consisting of 24 wholly-owned self storage facilities located across nine states and six self storage real estate joint ventures located in the Greater Toronto Area of Ontario, Canada. As of the SST IV Merger Date, the real estate joint ventures consisted of three operating properties and three properties in various stages of development. A s of December 31, 2022, two of the development joint venture properties had been completed and had begun operations. The following table reconciles the total consideration transferred in the SST IV Merger: Fair Value of Consideration Common stock issued $ 231,412,470 Cash (1) 54,250,000 Other 365,703 Total Consideration Transferred $ 286,028,173 (1) The approximately $ 54.3 million in cash was primarily used to pay off approximately $ 54.0 million of SST IV debt that we did not assume in the SST IV Merger, as well as approximately $ 0.3 million in transaction costs. We issued approximately 23.1 million Class A Shares to the former SST IV stockholders in connection with the SST IV Merger. The estimated fair value of our common stock issued was determined by third party valuation specialists primarily based on an income approach to value the properties as well as our Managed REIT Platform, adjusted for market related adjustments and illiquidity discounts, less the estimated fair value of our debt and other liabilities. These fair value measurements are based on significant inputs not observable in the market and thus represent a Level 3 measurement as discussed in Note 2 – Summary of Significant Accounting Policies. The key assumptions used in estimating the fair value of our common stock included a marketability discount of 6 %, projected annual net operating income, land sales comparisons, growth rates, discount rates, and capitalization rates. The following table summarizes the relative fair values of the assets acquired and liabilities assumed in the SST IV Merger: Assets Acquired: Land $ 54,385,560 Buildings 257,618,228 Site improvements 12,340,848 Construction in progress 1,467,090 Intangible assets 20,052,449 Investments in real estate joint ventures 17,495,254 Cash and cash equivalents, and restricted cash 7,763,490 Other assets 4,145,394 Total assets acquired $ 375,268,313 Liabilities assumed: Debt (1) $ 81,165,978 Accounts payable and other liabilities 8,074,162 Total liabilities assumed $ 89,240,140 Total net assets acquired $ 286,028,173 (1) Debt assumed includes approximately $ 40.5 million of debt on the KeyBank SST IV CMBS Loan, a $ 0.1 million fair market value discount on such debt, and the approximately $ 40.8 million SST IV TCF Loan. See Note 5 – Debt for additional information. As a result of our acquiring SST IV and terminating the preexisting advisory and property management agreements with SST IV, and the write off of a special limited partnership interest we had related to SST IV, we expensed approximately $ 8.4 million related to such assets on the acquisition date. Self Storage Facility Acquisitions On February 8, 2022, we purchased a self storage facility located in Algonquin, Illinois (the "Algonquin Property"). The purchase price for the Algonquin Property was approximately $ 19.0 million, plus closing costs. Upon acquisition, the property was approximately 72.4 % occupied. The acquisition was funded with proceeds from the KeyBank Credit Facility Revolver. On May 10, 2022, we purchased a self storage facility located in Sacramento, California (the “Sacramento II Property”). The purchase price for the Sacramento II Property was approximately $ 25.4 million, plus closing costs. Upon acquisition, the property was approximately 90.3 % occupied. The acquisition was funded with proceeds from the KeyBank Credit Facility Revolver. On May 17, 2022, we purchased a self storage facility located in St. Johns, Florida (the “St. Johns Property”). The purchase price for the St. Johns Property was approximately $ 16.3 million, plus closing costs. Upon acquisition, the property was approximately 94.6 % occupied. The acquisition was funded with proceeds from the KeyBank Credit Facility Revolver. On June 28, 2022, we purchased a self storage facility located in Aurora, Colorado (the “Aurora Property”). The purchase price for the Aurora Property was approximately $ 12.0 million, plus closing costs. Upon acquisition, the property was approximately 82.2 % occupied. The acquisition was funded with proceeds from the KeyBank Credit Facility Revolver. The following table summarizes our purchase price allocation for the real estate related assets acquired during the year ended December 31, 2022 : Acquisition Acquisition Real Estate Intangibles Total (1) 2022 (2) 2022 (2)(3) Algonquin, IL 2/8/2022 $ 18,156,701 $ 849,414 $ 19,006,115 $ 1,256,278 $ 759,563 Sacramento II, CA 5/10/2022 24,625,559 754,564 25,380,123 906,035 483,837 St Johns, FL 5/17/2022 15,531,636 773,279 16,304,915 681,421 485,119 SSGT II (4) 6/1/2022 228,359,718 7,732,962 (5) 236,092,680 8,788,369 6,183,805 Aurora IV, CO 6/28/2022 11,667,954 343,779 12,011,733 421,840 242,475 $ 298,341,568 $ 10,453,998 $ 308,795,566 $ 12,053,943 $ 8,154,799 (1) The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid including capitalized acquisition costs. (2) The operating results of the self storage properties acquired during the year ended December 31, 2022 have been included in our consolidated statements of operations since their respective acquisition dates. (3) Net operating income excludes corporate general and administrative expenses, interest expenses, depreciation, amortization and acquisition related expenses. (4) This acquisition consisted of ten properties, three in Florida, one in Wisconsin, two in Washington, one in Texas, one in California, one in Arizona, and one in Nevada. Other assets and liabilities were also acquired in this acquisition, which are not described immediately above; refer to the disclosure within this footnote to the financial statements further above for additional information. (5) This represents the value of the in place lease intangible assets acquired in the SSGT II Merger, and excludes the approximately $ 8.0 million of value assigned to a purchase and sale agreement contract intangible asset acquired in the SSGT II Merger related to a property in San Gabriel, California. Potential Acquisitions We, through our wholly-owned subsidiaries were party to three purchase and sale agreements with unaffiliated third parties for the acquisition of self storage facilities located in the U.S. which had not yet closed as of December 31, 2022. The total purchase price for these properties was approximately $ 51.2 million, plus closing costs. There can be no assurance that we will complete these acquisitions. If we fail to acquire these properties, in addition to the incurred acquisition costs, we may also forfeit earnest money as a result . We may assign some or all of the above purchase and sale agreements to one of our Managed REITs.

Investments in Unconsolidated R

Investments in Unconsolidated Real Estate Ventures	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investments in Unconsolidated Real Estate Ventures	Note 4. Investments in Unconsolidated Real Estate Ventures As a result of the SST IV Merger, we acquired six self storage real estate joint ventures located in the Greater Toronto Area of Ontario, Canada, five of which were operating properties and one of which was under development as of December 31, 2022. As a result of the SSGT II Merger, we acquired three self storage real estate joint ventures located in the Greater Toronto Area of Ontario, Canada, one of which was an operating property and two of which were under development as of December 31, 2022. On May 25, 2022, we, as 50 % owner and SmartCentres as the other 50 % owner of a joint venture subsidiary, purchased a single tenant industrial building located in the city of Burnaby, British Columbia (the “Regent Property”), that we and SmartCentres intend to develop into a self storage facility in the future. Our 50 % of the total purchase price for the Regent Property was approximately $ 3.5 million CAD, plus closing costs. These joint venture agreements are with a subsidiary of SmartCentres, an unaffiliated third party, to acquire, develop, and operate self storage facilities. In accordance with such agreements, we intend to fund development costs of approximately two million dollars during 2023 and an additional three million dollars, primarily during 2026 and 2027. We account for these investments using the equity method of accounting and they are stated at cost and adjusted for our share of net earnings or losses and reduced by distributions and increased for contributions. Equity in earnings (loss) will generally be recognized based on our ownership interest in the earnings (loss) of each of the unconsolidated investments, and is recorded in other income (expense) in the accompanying consolidated statements of operations. For the years ended December 31, 2022 and 2021, we recorded net aggregate loss of approximately $ 0.7 million and $ 0.5 million respectively, from our equity in earnings related to our unconsolidated real estate ventures in Canada. 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 Carrying Value 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. Subsequent to December 31, 2022, on January 12, 2023, we as 50 % owner and SmartCentres as the other 50 % owner of a joint venture subsidiary, acquired a parcel of land in Whitby, Ontario, that we and SmartCentres intend to develop into a self storage facility in the future. We as 50 % owner and SmartCentres as the other 50 % owner of a joint venture subsidiary were party to three purchase and sale agreements for the acquisition of land intended to be developed into self storage facilities which had not yet closed. Our 50 % portion of the total purchase price for these properties was approximately $ 7.7 million, plus closing costs. There can be no assurance that we will complete these acquisitions. Additionally, we may assign some or all of such purchase and sale agreements to the Managed REITs. If we fail to acquire these properties, in addition to the incurred acquisition costs, we may also forfeit earnest money as a result. Financing Agreement In connection with the SST IV Merger, we, through our acquisition of the Oshawa, East York, Brampton, Vaughan, and Scarborough joint venture partnerships, also became party to a master mortgage commitment agreement (the “MMCA I”) with SmartCentres Storage Finance LP (the “SmartCentres Lender”) (collectively, the “SmartCentres Loan I”). The SmartCentres Lender is an affiliate of SmartCentres. On August 18, 2021, the Kingspoint property was added to the MMCA I, increasing the available capacity. The SmartCentres Loan I includes an accordion feature such that borrowings pursuant thereto may be increased up to approximately CAD $ 120 million subject to certain conditions set forth in the MMCA I. On June 1, 2022, in connection with the SSGT II Merger, we assumed another loan with the SmartCentres Lender. SSGT II had previously entered into a master mortgage commitment agreement on April 30, 2021, which was subsequently modified on October 22, 2021 (the "MMCA II"), with the SmartCentres Lender in the amount of up to approximately $ 34.3 million CAD (the “SmartCentres Loan II”) (collectively with SmartCentres Loan I, the "SmartCentres Financings"). The borrowers under the SmartCentres Loan II are the joint venture entities in which we (SSGT II prior to June 1, 2022), and SmartCentres each hold a 50 % limited partnership interest with respect to the Dupont and Aurora joint venture properties. In connection with the SmartCentres Loan II assumption, we became a recourse guarantor for 50 % of the SmartCentres Loan. On September 13, 2022, the Markham property was added to the MMCA II, increasing the available capacity. The SmartCentres Loan II includes an accordion feature such that borrowings pursuant thereto may be increased up to approximately CAD $ 120 million subject to certain conditions set forth in the MMCA II. As of December 31, 2022, approximately CAD $ 116.7 million or approximately $ 86.1 million USD was outstanding on the SmartCentres Financings. As of Decmber 31, 2021, approximately CAD $ 67.2 million or approximately $ 52.9 million USD was outstanding on the SmartCentres Financings. The proceeds of the SmartCentres Financings will generally be used to finance the acquisition, development, and construction of the JV Properties. The SmartCentres Financings are secured by first mortgages on each of the JV Properties, excluding the Regent Property. Interest on the SmartCentres Financings is a variable annual rate equal to the aggregate of: (i) the BA Equivalent Rate, plus: (ii) a margin based on the External Credit Rating, plus (iii) a margin under the Senior Credit Facility, each as defined and described further in the MMCA I and MMCA II. As of December 31, 2022, the total interest rate was approximately 6.8 %. The SmartCentres Financings, as amended, have a maturity date of May 11, 2024 , and each contain two one year extension options. Monthly interest payments are initially capitalized on the outstanding principal balance. Upon a JV Property generating sufficient Net Cash Flow (as defined in the MMCA I and MMCA II), the SmartCentres Financings provide for the commencement of quarterly payments of interest. As of December 31, 2022, Dupont, East York, Brampton, and Vaughan were generating sufficient net cash flow and therefore were required to and were making such interest payments. The borrowings advanced pursuant to the SmartCentres Financings may be prepaid without penalty, subject to certain conditions set forth in the MMCA I and MMCA II. The SmartCentres Financings contain customary affirmative and negative covenants, agreements, representations, warranties and borrowing conditions (including a loan to value ratio of no greater than 70 % with respect to each JV Property) and events of default, all as set forth in the MMCA I and MMCA II. We serve as a full recourse guarantor with respect to 50 % of the SmartCentres Financings. As of December 31, 2022, we were in compliance with all such covenants.

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Note 5. Debt Our debt is summarized as follows: Loan December 31, December 31, Interest Maturity KeyBank CMBS Loan (1) $ 92,784,412 $ 94,459,583 3.89 % 8/1/2026 KeyBank Florida CMBS Loan (2) 51,555,279 52,000,000 4.65 % 5/1/2027 Midland North Carolina CMBS Loan (3) — 45,758,741 CMBS Loan (4) 104,000,000 104,000,000 5.00 % 2/1/2029 SST IV CMBS Loan (5) 40,500,000 40,500,000 3.56 % 2/1/2030 SST IV TCF Loan (6) — 40,782,500 Credit Facility Term Loan - USD (7) 250,000,000 250,000,000 6.00 % 3/17/2026 Credit Facility Revolver - USD (7) 368,201,288 233,201,288 6.05 % 3/17/2024 2032 Private Placement Notes (7) 150,000,000 — 4.53 % 4/19/2032 Oakville III BMO Loan (8) (9) 11,992,500 12,795,250 6.99 % 5/16/2024 Ladera Office Loan 3,925,448 4,014,185 4.29 % 11/1/2026 Premium (discount) on secured debt, net ( 93,147 ) 234,604 Debt issuance costs, net ( 4,493,824 ) ( 3,879,296 ) Total debt $ 1,068,371,956 $ 873,866,855 (1) This fixed rate loan encumbers 29 properties (Whittier, La Verne, Santa Ana, Upland, La Habra, Monterey Park, Huntington Beach, Chico, Lancaster I, Riverside, Fairfield, Lompoc, Santa Rosa, Federal Heights, Aurora, Littleton, Bloomingdale, Crestwood, Forestville, Warren I, Sterling Heights, Troy, Warren II, Beverly, Everett, Foley, Tampa, Boynton Beach, and Lancaster II) with monthly interest only payments until September 2021, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts. (2) This fixed rate loan encumbers five properties (Pompano Beach, Lake Worth, Jupiter, Royal Palm Beach, and Delray) with monthly interest only payments until June 2022, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts. (3) This fixed rate loan previously encumbered 11 properties (Asheville I, Arden, Asheville II, Hendersonville I, Asheville III, Asheville IV, Asheville V, Asheville VI, Asheville VII, Asheville VIII, and Hendersonville II) with monthly interest only payments until September 2019, at which time both interest and principal payments became due monthly. This loan was fully defeased on May 19, 2022 for approximately $ 47.9 million, inclusive of loan defeasance costs. In connection with this loan defeasance, we recorded a net loss on extinguishment of debt of approximately $ 2.4 million. (4) This fixed rate, interest only loan encumbers 10 properties (Myrtle Beach I, Myrtle Beach II, Port St. Lucie, Plantation, Sonoma, Las Vegas I, Las Vegas II, Las Vegas III, Ft Pierce, Nantucket Island). The separate assets of these encumbered properties are not available to pay our other debts. (5) On March 17, 2021, in connection with the SST IV Merger, we assumed a $ 40.5 million fixed rate CMBS financing with KeyBank as the initial lender pursuant to a mortgage loan (the “SST IV CMBS Loan”). This fixed rate loan encumbers seven properties owned by us (Jensen Beach, Texas City, Riverside, Las Vegas IV, Puyallup, Las Vegas V, and Plant City). The separate assets of these encumbered properties are not available to pay our February 1, 2030 . Monthly payments due under the loan agreement (the “SST IV CMBS Loan Agreement”) are interest only, with the full principal amount becoming due and payable on the maturity date. (6) On March 17, 2021, in connection with the SST IV Merger, we assumed a term loan with TCF National Bank, a national banking association (“TCF”), as lead arranger and administrative agent for up to $ 40.8 million (the “SST IV TCF Loan”). The SST IV TCF Loan was secured by a first mortgage on each of the Ocoee Property, the Ardrey Kell Property, the Surprise Property, the Escondido Property, and the Punta Gorda Property (the “SST IV TCF Properties”). This loan was fully paid off on April 28, 2022 in the amount of $ 40.8 million. There were no prepayment penalties for this pay off. (7) For additional information regarding this loan, see below (8) On April 15, 2021, we purchased the Oakville III Property. We partially financed the Oakville III property acquisition with a loan from Bank of Montreal (the “Oakville III BMO Loan”), which is secured by a first lien on the Oakville III property. The loan is denominated in Canadian dollars and the proceeds from the loan were approximately CAD $ 16.3 million. The interest only loan is prepayable at any time without penalty, and bears interest at a rate of 2.25 % + CDOR. (9) The amounts shown above are in USD based on the foreign exchange rate in effect as of the date presented. The weighted average interest rate on our consolidated debt, excluding the impact of our interest rate hedging activities, as of December 31, 2022 was approximately 5.4 %. We are subject to certain restrictive covenants relating to the outstanding debt, and as of December 31, 2022, we were in compliance with all such covenants. 2032 Private Placement Notes On April 19, 2022, we as guarantor, and our Operating Partnership as issuer, entered into a Note Purchase Agreement which provides for the private placement of $ 150 million of 4.53 % Senior Notes due April 19, 2032 . The sale and purchase of the 2032 Private Placement Notes occurred in two closings, with the first of such closings having occurred on April 19, 2022 with $ 75 million aggregate principal amount of the 2032 Private Placement Notes having been issued on such date (the “First Closing”) and the second of such closings having occurred on May 25, 2022 with $ 75 million aggregate principal amount of the 2032 Private Placement Notes having been issued on such date (the “Second Closing”). Interest on the Notes is subject to a potential prospective 75 basis points increase, if, as of March 31, 2023, the ratio of total indebtedness to EBITDA (as defined in the Note Purchase Agreement) (the “Total Leverage Ratio”) of the Company and its subsidiaries, on a consolidated basis, is greater than 7.00 to 1.00 (a “Total Leverage Ratio Event”). If a Total Leverage Ratio Event shall have occurred as of such date, the interest accruing on the 2032 Private Placement Notes would be 5.28 % until such time as the Total Leverage Ratio is less than or equal to 7.00 to 1.00 for two consecutive fiscal quarters. Interest on each series of the 2032 Private Placement Notes will be payable semiannually on the nineteenth day of April and October in each year, beginning on October 19, 2022, until maturity. We are permitted to prepay at any time all, or from time to time any part of, the Notes, in amounts not less than 5 % of the 2032 Private Placement Notes then outstanding at (i) 100% of the principal amount so prepaid and (ii) the Make-Whole Amount (as defined in the Note Purchase Agreement). The “Make-Whole Amount” is equal to the excess, if any, of the discounted value of the remaining scheduled payments with respect to the 2032 Private Placement Notes being prepaid over the amount of such 2032 Private Placement Notes. In addition, in connection with a Change of Control (as defined in the Note Purchase Agreement), the Operating Partnership is required to offer to prepay the 2032 Private Placement Notes at 100 % of the principal amount plus accrued and unpaid interest thereon, but without the Make Whole Amount or any other prepayment premium or penalty of any kind. The Company must also maintain a debt rating of the 2032 Private Placement Notes by an Acceptable Rating Agency (as defined in the Note Purchase Agreement). The Note Purchase Agreement contains certain customary representations and warranties, affirmative, negative and financial covenants, and events of default that are substantially similar to our existing Credit Facility. The 2032 Private Placement Notes have been issued on a pari passu basis with the Credit Facility, and as such, the Company and certain of its subsidiaries (the "Subsidiary Guarantors") fully and unconditionally guarantee the Operating Partnership's obligations under the 2032 Private Placement Notes. The 2032 Private Placement Notes are initially secured by a pledge of equity interests in the Subsidiary Guarantors on similar terms as the Credit Facility. The proceeds from the 2032 Private Placement Notes were used primarily to pay off existing debt and to pay off certain existing indebtedness of SSGT II in connection with the SSGT II Merger. Credit Facility On March 17, 2021, we, through our Operating Partnership (the “Borrower”), entered into a credit facility with KeyBank, National Association, as administrative agent, KeyBanc Capital Markets, Inc., Wells Fargo Securities, Citibank, N.A., and BMO Capital Markets Corp., as joint book runners and joint lead arrangers, and certain other lenders party thereto (the “Credit Facility”). The initial aggregate amount of the Credit Facility was $ 500 million, which consisted of a $ 250 million revolving credit facility (the “Credit Facility Revolver”) and a $ 250 million term loan (the “Credit Facility Term Loan”). The Borrower had the right to increase the amount available under the Credit Facility by an additional $ 350 million (the “Accordion Feature”), for an aggregate amount of $ 850 million, subject to certain conditions. The Credit Facility also includes sublimits of (a) up to $ 25 million for letters of credit and (b) up to $ 25 million for swingline loans; each of these sublimits are part of, and not in addition to, the amounts available under the Credit Facility Revolver. Borrowings under the Credit Facility may be in either U.S. dollars or Canadian dollars. The maturity date of the Credit Facility Revolver is March 17, 2024 , subject to a one-year extension option, at our election. The maturity date of the Credit Facility Term Loan is March 17, 2026 , which can no t be extended. The Credit Facility may be prepaid or terminated at any time without penalty; provided, however, that the lenders shall be indemnified for certain breakage costs. On October 7, 2021, the Borrower and lenders who were party to the Credit Facility amended the Credit Facility to increase the commitment on the Credit Facility Revolver by $ 200 million for a total commitment of $ 450 million. In connection with the increased commitments, additional lenders were added to the Credit Facility. The commitments on the Credit Facility Term Lo an remain unchanged. As a result of this amendment, the aggregate commitment on the Credit Facility is now $ 700 million. In addition, the Accordion Feature was also amended such that Borrower has the right to increase the aggregate amount of the Credit Facility by an additional $ 350 million, for an aggregate amount of up to $ 1.05 billion, subject to certain conditions. On April 19, 2022, we amended the Credit Facility (the “Credit Facility Amendment”). The primary purpose of the Credit Facility Amendment was to: (i) facilitate the issuance of the 2032 Private Placement Notes, (ii) make conforming changes between the Note Purchase Agreement and the Credit Facility, and (iii) modify the Credit Facility to reflect a transition from LIBOR to SOFR for floating rate borrowings. As of December 31, 2022, advances under the Credit Facility Term Loan incurred interest at 160 basis points spread over Daily Simple SOFR (as defined in the Credit Facility Amendment) plus an additional 10 basis points (the "SOFR Index Adjustment" as defined in the Credit Facility Amendment) or 30-day Canadian dollar offered rate ("CDOR") , while advances under the Credit Facility Revolver incurred interest at 165 basis points spread over Daily Simple SOFR plus an additional 10 basis points (the SOFR Index Adjustment) or 30-day CDOR . The Credit Facility is also subject to an annual unused fee based upon the average amount of the unused portion of the Credit Facility Revolver, which varies from 15 bps to 25 bps, depending on the size of the unused amount, as well as whether a Security Interest Termination Event (defined below) has occurred. The rate spreads above Daily Simple SOFR plus the SOFR Index Adjustment or CDOR at which the Credit Facility incurs interest are subject to increase based on the Consolidated Leverage Ratio (as defined the Credit Facility Amendment). There are five leverage tiers under the Credit Facility, with the top tier limited to a maximum leverage (as defined in the Credit Facility Agreement) of 60 % and maximum spreads of 225 basis points and 230 basis points on the Term Loan and the Credit Facility Revolver, respectively. As of December 31, 2022, the Consolidated Leverage Ratio was within the first leverage tier. The Credit Facility is fully recourse, jointly and severally, to us, our Operating Partnership, and certain of our subsidiaries (the “Subsidiary Guarantors”). In connection with this, we, our Operating Partnership, and our Subsidiary Guarantors executed guarantees in favor of the lenders. The Credit Facility is also cross-defaulted to (i) any recourse debt of ours, our Operating Partnership, or the Subsidiary Guarantors and (ii) any non-recourse debt of ours, our Operating Partnership, or the Subsidiary Guarantors of at least $ 75 million. The Credit Facility is initially secured by a pledge of equity interests in the Subsidiary Guarantors. However, upon the achievement of certain security interest termination conditions, the pledges shall be released and the Credit Facility shall become unsecured. The Credit Facility contains certain customary representations and warranties, affirmative, negative and financial covenants, borrowing conditions, and events of default. In particular, the financial covenants imposed include: a maximum leverage ratio, a minimum fixed charge coverage ratio, a minimum tangible net worth, certain limits on both secured debt and secured recourse debt, certain payout ratios of dividends paid to core funds from operations, limits on unhedged variable rate debt, and minimum liquidity. If an event of default occurs and continues, the Borrower is subject to certain actions by the administrative agent, including, without limitation, the acceleration of repayment of all amounts outstanding under the Credit Facility. During 2022, the borrowing base was expanded to include the two properties acquired in May 2022, the 10 wholly-owned operatin g properties acquired in the SSGT II Merger, the 11 properties previously encumbered by the Midland North Carolina CMBS Loan, and the five properties previously encumbered by the TIV TCF Loan, such that as of December 31, 2022, 99 of our wholly owned properties were encumbered by the Credit Facility. The availability of the Credit Facility is subject to certain calculations, including a debt service coverage ratio (“DSCR”) calculation which utilizes prevailing treasury rates within the calculation. As of December 31, 2022, the Borrower had borrowed approximately $ 368.2 million of the $ 450 million current capacity of the Credit Facility Revolver and all $ 250 million of the $ 250 million current capacity of the Credit Facility Term Loan. The following table presents the future principal payment requirements on outstanding debt as of December 31, 2022: 2023 $ 2,639,404 2024 382,928,683 2025 2,869,187 2026 341,916,098 2027 48,105,555 2028 and thereafter 294,500,000 Total payments 1,072,958,927 Premium on secured debt, net ( 93,147 ) Debt issuance costs, net ( 4,493,824 ) Total $ 1,068,371,956

Preferred Equity

Preferred Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Preferred Equity	Note 6. Preferred Equity Series A Convertible Preferred Stock On October 29, 2019 (the “Commitment Date”), we entered into a preferred stock purchase agreement (the “Purchase Agreement”) with Extra Space Storage LP (the “Investor”), a subsidiary of Extra Space Storage Inc. (NYSE: EXR), pursuant to which the Investor committed to purchase up to $ 200 million in preferred shares (the aggregate shares to be purchased, the “Preferred Shares”) of our new Series A Convertible Preferred Stock (the “Series A Convertible Preferred Stock”), in one or more closings (each, a “Closing,” and collectively, the “Closings”). The initial closing (the “Initial Closing”) in the amount of $ 150 million occurred on the Commitment Date, and the second and final closing in the amount of $ 50 million occurred on October 26, 2020. We incurred approximately $ 3.6 million in issuance costs related to the Series A Convertible Preferred Stock, which were recorded as a reduction to Series A Convertible Preferred stock on our consolidated balance sheets. The shares of Series A Convertible Preferred Stock rank senior to all other shares of our capital stock, including our common stock, with respect to rights to receive dividends and to participate in distributions or payments upon any voluntary or involuntary liquidation, dissolution or winding up of the Company. Dividends payable on each share of Series A Convertible Preferred Stock will initially be equal to a rate of 6.25 % per annum. If the Series A Convertible Preferred Stock has not been redeemed on or prior to the fifth anniversary date of the Initial Closing, the dividend rate will increase an additional 0.75 % per annum each year thereafter to a maximum of 9.0 % per annum until the tenth anniversary of the Initial Closing, at which time the dividend rate shall increase 0.75 % per annum each year thereafter until the Series A Convertible Preferred Stock is redeemed or repurchased in full. The dividends are payable in arrears for the prior calendar quarter on or before the 15 th day of March, June, September and December of each year. Upon any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of Series A Convertible Preferred Stock will be entitled to receive a payment equal to the greater of (i) aggregate purchase price of all outstanding Preferred Shares, plus any accrued and unpaid dividends (the “Liquidation Amount”) and (ii) the amount that would have been payable had the Preferred Shares been converted into common stock pursuant to the terms of the Purchase Agreement immediately prior to such liquidation. Subject to certain additional redemption rights, as described herein, we have the right to redeem the Series A Convertible Preferred Stock for cash at any time following the fifth anniversary of the Initial Closing. The amount of such redemption will be equal to the Liquidation Amount. Upon the listing of our common stock on a national securities exchange (the “Listing”), we have the right to redeem any or all outstanding Series A Convertible Preferred Stock at an amount equal to the greater of (i) the amount that would have been payable had such Preferred Shares been converted into common stock pursuant to the terms of the Purchase Agreement immediately prior to the Listing, and then all of such Preferred Shares were sold in the Listing, or (ii) the Liquidation Amount, plus a premium amount (the “Premium Amount”) of 10 %, 8 %, 6 %, 4 %, or 2 % if redeemed prior to the first, second, third, fourth, or fifth anniversary dates of issuance, respectively, or 0 % if redeemed thereafter, as set forth in the Articles Supplementary. Upon a change of control event, we have the right to redeem any or all outstanding Series A Convertible Preferred Stock at an amount equal to the greater of (i) the amount that would have been payable had the Preferred Shares been converted into common stock pursuant to the terms of the Purchase Agreement immediately prior to such change of control or (ii) the Liquidation Amount, plus the Premium Amount, as set forth in the Articles Supplementary. In addition, subject to certain cure provisions, if we fail to maintain our status as a real estate investment trust, the holders of Series A Convertible Preferred Stock have the right to require us to repurchase the Series A Convertible Preferred Stock at an amount equal to the Liquidation Amount with no Premium Amount. Subject to our redemption rights in the event of a Listing or change of control described above, upon the earlier to occur of (i) the second anniversary of the Initial Closing or (ii) 180 days after a Listing, the holders of Series A Convertible Preferred Stock have the right to convert any or all of the Series A Convertible Preferred Stock held by such holders into common stock at a rate per share equal to the quotient obtained by dividing the Liquidation Amount by the conversion price. The conversion price is $ 10.66 , as may be adjusted in connection with stock splits, stock dividends and other similar transactions. The holders of Series A Convertible Preferred Stock are not entitled to vote on any matter submitted to a vote of our stockholders, except that in the event that the dividend for the Series A Convertible Preferred Stock has not been paid for at least four quarters (whether or not consecutive), the holders of Series A Convertible Preferred Stock have the right to vote together with our stockholders on any matter submitted to a vote of our stockholders, upon which the holders of the Series A Convertible Preferred Stock and holders of common stock shall vote together as a single class. The number of votes applicable to a share of Series A Convertible Preferred Stock will be equal to the number of shares of common stock a share of Series A Convertible Preferred Stock could have been converted into as of the record date set for purposes of such stockholder vote. This foregoing limited voting right shall cease when all past dividend periods have been paid in full. In addition, the affirmative vote of the holders of a majority of the outstanding shares of Series A Convertible Preferred Stock is required in certain customary circumstances, as well as other circumstances, such as (i) our real estate portfolio exceeding a leverage ratio of 60 % loan-to-value, (ii) entering into certain transactions with our Executive Chairman as of the Commitment Date, or his affiliates, (iii) effecting a merger (or similar) transaction with an entity whose assets are not at least 80 % self storage related and (iv) entering into any line of business other than self storage and ancillary businesses, unless such ancillary business represents revenues of less than 10 % of our revenues for our last fiscal year. In connection with the issuance of the Series A Convertible Preferred Stock, we and the Investor also entered into an investors’ rights agreement (the “Investors’ Rights Agreement”) which provides the Investor with certain customary protections, including demand registration rights and “piggyback” registration rights with respect to our common stock issued to the Investor upon conversion of the Preferred Shares. As of December 31, 2022, there were 200,000 Preferred Shares outstanding with an aggregate liquidation preference of approximately $ 203.2 million, which consists of $ 150 million from the Initial Closing, $ 50 million from a closing on October 26, 2020 and approximately $ 3.2 million of accumulated and unpaid distributions. As of December 31, 2021, there were 200,000 Preferred Shares outstanding with an aggregate liquidation preference of approximately $ 203.2 million, which consisted of $ 150 million from the Initial Closing, $ 50 million from a closing on October 26, 2020 and approximately $ 3.2 million of accumulated and unpaid distributions.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Note 7. Derivative Instruments Interest Rate Derivatives Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish this objective, we have used interest rate swaps and caps as part of our interest rate risk management strategy. For derivatives designated and qualified as a hedge, the change in the fair value of the effective portion of the derivative is recorded in accumulated other comprehensive income (loss) (“AOCI”) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. Amounts reported in AOCI related to derivatives will be reclassified to interest expense as interest payments are made on our variable rate debt. In addition, we classify cash flows from qualifying cash flow hedging relationships in the same category as the cash flows from the hedged items in our consolidated statements of cash flows. We do not use interest rate derivatives for trading or speculative purposes. Derivatives not designated as hedges are not speculative and are used to manage our exposure to interest rate movements and other identified risks but we have elected not to apply hedge accounting. Changes in the fair value of interest rate derivatives not designated in hedging relationships are recorded in other income (expense) within our consolidated statements of operations. Foreign Currency Hedges Our objectives in using foreign currency derivatives are to add stability to potential fluctuations in exchange rates between foreign currencies and the U.S. dollar and to manage our exposure to exchange rate movements. To accomplish this objective, we have used foreign currency forwards and foreign currency options as part of our exchange rate risk management strategy. A foreign currency forward contract is a commitment to deliver a certain amount of currency at a certain price on a specific date in the future. By entering into the forward contract and holding it to maturity, we are locked into a future currency exchange rate in an amount equal to and for the term of the forward contract. A foreign currency option contract is a commitment by the seller of the option to deliver, solely at the option of the buyer, a certain amount of currency at a certain price on a specific date. For derivatives designated as net investment hedges, the changes in the fair value of the derivatives are reported in accumulated other comprehensive income. Amounts are reclassified out of accumulated other comprehensive income (loss) into earnings when the hedged net investment is either sold or substantially liquidated. The following table summarizes the terms of our derivative financial instruments as of December 31, 2022: Notional Strike Effective Date or Maturity Date Interest Rate Derivatives: SOFR Cap $ 125,000,000 1.75 % June 1, 2022 June 30, 2023 SOFR Cap $ 125,000,000 2.00 % June 1, 2022 June 28, 2024 SOFR Cap $ 100,000,000 4.75 % December 1, 2022 December 1, 2025 SOFR Cap $ 100,000,000 4.75 % December 1, 2022 December 2, 2024 SOFR Cap $ 100,000,000 4.75 % December 1, 2022 December 2, 2024 Foreign Currency Forwards: Denominated in CAD (1) $ 125,925,000 1.2593 April 12, 2021 April 12, 2023 Denominated in CAD (1) $ 137,680,000 1.3768 October 12, 2022 October 12, 2023 (1) Notional amounts shown are denominated in CAD. On February 10, 2021, we rolled a previously existing CAD $ 95 million currency forward into a two month CAD $ 95 million foreign currency forward, with a settlement date of April 12, 2021 . On April 12, 2021, we settled this foreign currency forward, paying a net settlement of approximately USD $ 4.5 million, and simultaneously entered into a new approximately CAD $ 125.9 million currency forward with a settlement date of April 12, 2023 . On May 6, 2021, we entered into a second currency forward, for approximately CAD $ 122 million, with a settlement date of April 12, 2022 . On April 12, 2022, we settled this foreign currency forward, receiving a net settlement of approximately USD $ 3.2 million, and simultaneously entered into a new CAD $ 126.2 million currency forward with a settlement date of October 12, 2022 . On October 12, 2022, we settled this foreign currency forward, receiving a net settlement of approximately USD $ 8.7 million, and simultaneously entered into a new CAD $ 137.7 million currency forward with a settlement date of October 12, 2023 . The designated portion of our gain (loss) from our settled and unsettled foreign currency hedges is recorded net in foreign currency hedge contract gain (loss) in our consolidated statements of comprehensive income (loss), the other portion, a gain of approximately $ 9.5 million and $ 3.5 million related to the portion that is not designated for hedge accounting, was recorded in Other, net within our consolidated statements of operations for the years ended December 31, 2022 and 2021, respectively. The following table summarizes the terms of our derivative financial instruments as of December 31, 2021: Notional Strike Effective Date or Assumed Maturity Date Interest Rate Swap: LIBOR Swap $ 235,000,000 1.79 % June 15, 2019 February 15, 2022 Foreign Currency Forwards: Denominated in CAD (1) $ 125,925,000 1.2593 April 12, 2021 April 12, 2023 Denominated in CAD (1) $ 122,020,000 1.2202 May 6, 2021 April 12, 2022 (1) Notional amounts shown are denominated in CAD The following table presents the fair value of our derivative financial instruments as well as their classification on our consolidated balance sheets as of December 31, 2022 and 2021: Asset/Liability Derivatives Fair Value Balance Sheet Location December 31, December 31, Interest Rate Derivatives Accounts payable and accrued liabilities $ — $ 490,341 Other assets $ 9,681,298 $ — Foreign Currency Hedges Other assets $ 6,971,265 $ 4,261,100 Accounts payable and accrued liabilities $ ( 1,776,371 ) $ — The following table presents the effect of our derivative financial instruments on our consolidated statements of operations for the periods presented: Gain (loss) recognized in OCI Location of amounts reclassified from OCI into income Gain (loss) reclassified from OCI Type 2022 2021 2022 2021 2020 Interest Rate Swaps $ ( 2,793 ) $ ( 124,163 ) Interest expense $ ( 304,670 ) $ ( 3,818,917 ) $ ( 3,557,950 ) Interest Rate Caps 4,480,001 ( 955 ) Interest expense ( 139,888 ) ( 473,148 ) ( 371,051 ) Foreign Currency Forwards 3,354,899 ( 394,417 ) N/A — — — $ 7,832,107 $ ( 519,535 ) $ ( 444,558 ) $ ( 4,292,065 ) $ ( 3,929,001 ) Based on the forward rates in effect as of December 31, 2022, we estimate that approximately $ 3.2 million related to our qualifying cash flow hedges will be reclassified to reduce interest expense during the next 12 months.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 8. Income Taxes As a REIT, we generally will not be subject to U.S. federal income tax on taxable income that we distribute to our stockholders. However, certain of our consolidated subsidiaries are taxable REIT subsidiaries, which are subject to federal, state and foreign income taxes. We have filed an election to treat our TRS as a taxable REIT subsidiary effective January 1, 2014. In general, our TRS performs additional services for our customers and provides the advisory and property management services to the Managed REITs and otherwise generally engages in any real estate or non-real estate related business. The TRS is subject to corporate U.S. federal and state income tax. Additionally, we own and operate a number of self storage properties located throughout Canada, the income of which is generally subject to income taxes under the laws of Canada. The following is a summary of the Company's income tax expense (benefit) for the years ended December 31, 2022, 2021, and 2020: For the year ended December 31, 2022 Federal State Canadian Total Current $ 170,874 $ 27,020 $ 320,639 $ 518,533 Deferreds ( 499,077 ) ( 76,050 ) ( 498,191 ) $ ( 1,073,318 ) Total $ ( 328,203 ) $ ( 49,030 ) $ ( 177,552 ) $ ( 554,785 ) For the year ended December 31, 2021 Federal State Canadian Total Current $ 182,034 $ 32,559 $ — $ 214,593 Deferreds ( 1,750,248 ) ( 266,704 ) ( 8,916 ) ( 2,025,868 ) Total $ ( 1,568,214 ) $ ( 234,145 ) $ ( 8,916 ) $ ( 1,811,275 ) For the year ended December 31, 2020 Federal State Canadian Total Current $ 30,713 $ 69,760 $ — $ 100,473 Deferreds ( 3,071,502 ) ( 915,804 ) ( 1,939,425 ) $ ( 5,926,731 ) Total $ ( 3,040,789 ) $ ( 846,044 ) $ ( 1,939,425 ) $ ( 5,826,258 ) Income tax expense (benefit) is reconciled to the hypothetical amounts computed at the U.S. federal statutory income tax rate for the years ended December 31, 2022, 2021, and 2020: Year Ended Rate Expected tax at statutory rate $ 4,434,080 21.0 % Non-taxable REIT (income) loss ( 4,610,750 ) - 21.8 % State and local income tax expense - net of federal benefit ( 38,734 ) - 0.2 % Foreign income taxed at different rates 47,180 0.2 % Change in valuation allowance ( 416,953 ) - 2.0 % Other 30,392 0.1 % Total income tax expense (benefit) $ ( 554,785 ) - 2.6 % Year Ended Rate Expected tax at statutory rate $ ( 4,489,427 ) 21.0 % Non-taxable REIT (income) loss 2,655,349 - 12.4 % State and local income tax expense - net of federal benefit ( 185,137 ) 0.9 % Foreign income taxed at different rates ( 69,318 ) 0.3 % Change in valuation allowance 400,146 - 1.9 % Other ( 122,888 ) 0.6 % Total income tax expense (benefit) $ ( 1,811,275 ) 8.5 % Year Ended Rate Expected tax at statutory rate $ ( 11,976,943 ) 21.0 % Non-taxable REIT (income) loss 8,553,281 - 15.0 % State and local income tax expense - net of federal benefit ( 788,915 ) 1.4 % Foreign income taxed at different rates 47,180 - 0.1 % Change in valuation allowance ( 1,939,425 ) 3.4 % Other 278,564 - 0.5 % Total income tax expense (benefit) $ ( 5,826,258 ) 10.2 % The major sources of temporary differences that give rise to the deferred tax effects are shown below: December 31, December 31, Deferred tax liabilities: Intangible contract assets ( 30,184 ) ( 605,473 ) Canadian real estate ( 10,123,376 ) ( 10,166,453 ) Total deferred tax liability ( 10,153,560 ) ( 10,771,926 ) Deferred tax assets: Other 90,563 — Canadian non-capital losses 7,935,309 6,717,033 Total deferred tax assets 8,025,872 6,717,033 Valuation allowance ( 4,077,932 ) ( 3,664,367 ) Net deferred tax liabilities $ ( 6,205,620 ) $ ( 7,719,260 ) The Canadian non-capital losses expire between 2032 and 2042 . The valuation allowance is associated with the Canadian non-capital losses.

Segment Disclosures

Segment Disclosures	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Disclosures	Note 9. Segment Disclosures We operate in two reportable business segments: (i) self storage operations and (ii) our Managed REIT Platform business. Management evaluates performance based upon property net operating income (“NOI”). For our self storage operations, NOI is defined as leasing and related revenues, less property level operating expenses. NOI for the Company’s Managed REIT Platform business represents Managed REIT Platform revenues less Managed REIT Platform expenses. The following tables summarize information for the reportable segments for the periods presented: Year Ended December 31, 2022 Managed REIT Corporate Self Storage Platform and Other Total Revenues: Self storage rental revenue $ 191,749,578 $ — $ — $ 191,749,578 Ancillary operating revenue 8,445,803 — — 8,445,803 Managed REIT Platform revenue — 7,819,216 — 7,819,216 Reimbursable costs from Managed REITs — 4,628,497 — 4,628,497 Total revenues 200,195,381 12,447,713 — 212,643,094 Operating expenses: Property operating expenses 58,437,110 — — 58,437,110 Managed REIT Platform expense — 2,485,290 — 2,485,290 Reimbursable costs from Managed REITs — 4,628,497 — 4,628,497 General and administrative — — 28,253,905 28,253,905 Depreciation 48,503,743 — 913,936 49,417,679 Intangible amortization expense 14,728,148 472,706 — 15,200,854 Acquisition expenses 888,009 — — 888,009 Contingent earnout adjustment — 1,514,447 — 1,514,447 Write-off of equity interest and preexisting — 2,049,682 — 2,049,682 Total operating expenses 122,557,010 11,150,622 29,167,841 162,875,473 Gain on equity interests upon acquisition — 16,101,237 — 16,101,237 Income (loss) from operations 77,638,371 17,398,328 ( 29,167,841 ) 65,868,858 Other income (expense): Interest expense ( 41,339,401 ) — ( 172,510 ) ( 41,511,911 ) Net loss on extinguishment of debt ( 2,393,475 ) — — ( 2,393,475 ) Other, net ( 209,578 ) 155,332 ( 794,559 ) ( 848,805 ) Income tax (expense) benefit 36,197 563,053 ( 44,465 ) 554,785 Net income (loss) $ 33,732,114 $ 18,116,713 $ ( 30,179,375 ) $ 21,669,452 Year Ended December 31, 2021 Managed REIT Corporate Self Storage Platform and Other Total Revenues: Self storage rental revenue $ 150,610,337 $ — $ — $ 150,610,337 Ancillary operating revenue 7,552,597 — — 7,552,597 Managed REIT Platform revenue — 6,322,970 — 6,322,970 Reimbursable costs from Managed REITs — 4,278,667 — 4,278,667 Total revenues 158,162,934 10,601,637 — 168,764,571 Operating expenses: Property operating expenses 48,127,657 — — 48,127,657 Managed REIT Platform expense — 1,451,166 — 1,451,166 Reimbursable costs from Managed REITs — 4,278,667 — 4,278,667 General and administrative — — 23,265,196 23,265,196 Depreciation 40,203,484 — 742,922 40,946,406 Intangible amortization expense 11,134,100 1,288,105 — 12,422,205 Acquisition expenses 934,838 — — 934,838 Contingent earnout adjustment — 12,619,744 — 12,619,744 Write-off of equity interest and preexisting — 8,389,573 — 8,389,573 Total operating expenses 100,400,079 28,027,255 24,008,118 152,435,452 Gain on sale of real estate 178,631 — — 178,631 Income (loss) from operations 57,941,486 ( 17,425,618 ) ( 24,008,118 ) 16,507,750 Other income (expense): Interest expense ( 33,207,310 ) — ( 176,294 ) ( 33,383,604 ) Net loss on extinguishment of debt ( 2,444,788 ) — — ( 2,444,788 ) Other, net ( 173,245 ) ( 602,403 ) ( 1,279,703 ) ( 2,055,351 ) Income tax (expense) benefit ( 193,604 ) 2,004,879 — 1,811,275 Net income (loss) $ 21,922,539 $ ( 16,023,142 ) $ ( 25,464,115 ) $ ( 19,564,718 ) Year Ended December 31, 2020 Managed REIT Corporate Self Storage Platform and Other Total Revenues: Self storage rental revenue $ 104,888,883 $ — $ — $ 104,888,883 Ancillary operating revenue 5,286,042 — — 5,286,042 Managed REIT Platform revenue — 8,048,630 — 8,048,630 Reimbursable costs from Managed REITs — 5,800,808 — 5,800,808 Total revenues 110,174,925 13,849,438 — 124,024,363 Operating expenses: Property operating expenses 38,305,199 — — 38,305,199 Managed REIT Platform expense — 2,806,921 — 2,806,921 Reimbursable costs from Managed REITs — 5,800,808 — 5,800,808 General and administrative — — 16,471,199 16,471,199 Depreciation 31,773,526 — 521,101 32,294,627 Intangible amortization expense 5,234,312 4,542,804 — 9,777,116 Acquisition expenses 1,366,092 — — 1,366,092 Contingent earnout adjustment — ( 2,500,000 ) — ( 2,500,000 ) Impairment of goodwill and intangible assets — 36,465,732 — 36,465,732 Impairment of investments in Managed REITs — 4,376,879 — 4,376,879 Total operating expenses 76,679,129 51,493,144 16,992,300 145,164,573 Operating income (loss) 33,495,796 ( 37,643,706 ) ( 16,992,300 ) ( 21,140,210 ) Other income (expense): Interest expense ( 35,864,227 ) — ( 189,085 ) ( 36,053,312 ) Other, net ( 783,189 ) 1,222,086 ( 278,436 ) 160,461 Income tax (expense) benefit 2,491,215 3,335,043 — 5,826,258 Net loss $ ( 660,405 ) $ ( 33,086,577 ) $ ( 17,459,821 ) $ ( 51,206,803 ) The following table summarizes our total assets by segment: Segments December 31, 2022 December 31, 2021 Self Storage (1) $ 1,820,922,309 $ 1,546,835,094 Managed REIT Platform (2) 65,433,006 21,707,326 Corporate and Other 60,862,072 49,750,356 Total assets (3) $ 1,947,217,387 $ 1,618,292,776 (1) Included in the assets of the Self Storage segment as of December 31, 2022 and 2021 were approximately $ 52.2 million and $ 49.8 million of goodwill, respectively. Additionally, as of December 31, 2022 we had never recorded any impairment charges to goodwill within the Self Storage segment. (2) Included in the assets of the Managed REIT Platform segment as of December 31, 2022 and 2021, were approximately $ 1.4 million and $ 3.9 million of goodwill, respectively. Such goodwill is net of previous impairment charges in the Managed REIT Platform segment of approximately $ 24.7 million as of December 31, 2022 and 2021, which relates to the impairment charge recorded during the quarter ended March 31, 2020. (3) Other than our investments in and advances to Managed REITs, substantially all of our investments in real estate facilities and intangible assets made during the years ended December 31, 2022 and 2021 were associated with our self storage platform. As of December 31, 2022 and 2021, approximately $ 170 million and $ 185 million, respectively, of our assets in the self storage segment related to our operations in Canada. For the years ended December 31, 2022, 2021, and 2020, approximately $ 21.5 million, $ 19.2 million, and $ 14.7 million, respectively, of our revenues in the self storage segment related to our operations in Canada. Substantially all of our operations related to the management fees we generate through our management contracts with the Managed REITs are performed in the U.S.; accordingly substantially all of our assets and revenues related to our Managed REIT segment are based in the U.S. as well.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 10. Related Party Transactions Self Administration Transaction On June 28, 2019, we, our Operating Partnership and SmartStop TRS entered into a series of transactions, agreements, and amendments to our existing agreements and arrangements with our then-sponsor, SAM, and SmartStop OP Holdings, LLC (“SS OP Holdings”), a subsidiary of SAM, pursuant to which, effective June 28, 2019, we acquired the self storage advisory, asset management and property management businesses and certain joint venture interests of SAM, along with certain other assets of SAM (collectively, the "Self Administration Transaction"). In relation to the Self Administration Transaction, SS OP Holdings received 3,283,302 Class A-2 limited partnership units of the Operating Partnership, See Note 12 – Commitment and Contingencies – Contingent Earnout for additional information. As a result of the Self Administration Transaction, SAM is no longer our sponsor, and we became self-managed and succeeded to the advisory, asset management and property management businesses and certain joint ventures previously in place for us, SST IV (until the SST IV Merger Date), and SSGT II (until the SSGT II Merger Date), and we acquired the internal capability to originate, structure and manage additional future self storage investment products which would be sponsored by SmartStop REIT Advisors, LLC (“SRA”), our indirect subsidiary. The Former Dealer Manager Agreement and the transfer agent agreement described below were not impacted by the Self Administration Transaction. Our Chief Executive Officer, who is also the Chairman of our board of directors, holds ownership interests in and is an officer of SAM, and other affiliated entities. Our Chief Executive Officer also previously indirectly held an ownership interest in our Former Dealer Manager. Previously, certain of our executive officers and another member of our board of directors held ownership interests in and/or were officers of SAM, and other affiliated entities. Accordingly, any agreements or transactions we have entered into with such entities may present a conflict of interest. None of SAM and its affiliates or our directors or executive officers receive any compensation, fees or reimbursements from our Managed REITs, other than with respect to fees and reimbursements in accordance with the Administrative Services Agreement and the transfer agent agreement, or as otherwise described in this section. Former Dealer Manager Agreement In connection with our Primary Offering, our Former Dealer Manager received a sales commission of up to 7.0 % of gross proceeds from sales of Class A Shares and up to 2.0 % of gross proceeds from the sales of Class T Shares in the Primary Offering and a dealer manager fee of up to 3.0 % of gross proceeds from sales of both Class A Shares and Class T Shares in the Primary Offering under the terms of the Former Dealer Manager Agreement. In addition, our Former Dealer Manager received an ongoing stockholder servicing fee as discussed in Note 2 – Summary of Significant Accounting Policies – Organization and Offering Costs. Affiliated Former Dealer Manager SAM previously indirectly held a 15 % non-voting equity interest in our Former Dealer Manager. Affiliates of our Former Dealer Manager own limited partnership interests in our Operating Partnership. Transfer Agent Agreement SAM owns 100 % of the membership interests of Strategic Transfer Agent Services, LLC, our transfer agent (“Transfer Agent”), which is a registered transfer agent with the SEC. Pursuant to our transfer agent agreement, our Transfer Agent provides transfer agent and registrar services to us. These services are substantially similar to what a third party transfer agent would provide in the ordinary course of performing its functions as a transfer agent, including, but not limited to: providing customer service to our stockholders, processing the distributions and any servicing fees with respect to our shares and issuing regular reports to our stockholder. Our Transfer Agent may retain and supervise third party vendors in its efforts to administer certain services. We believe that our Transfer Agent, through its knowledge and understanding of the direct participation program industry which includes non-traded REITs, is particularly suited to provide us with transfer agent and registrar services. Our Transfer Agent also conducts transfer agent and registrar services for our Managed REITs and other affiliates. Fees paid to our Transfer Agent include a fixed quarterly fee, one-time account setup fees, monthly open account fees and fees for investor inquiries. In addition, we will reimburse our Transfer Agent for all reasonable expenses or other changes incurred by it in connection with the provision of its services to us, and we will pay our Transfer Agent fees for any additional services we may request from time to time, in accordance with its rates then in effect. Upon the request of our Transfer Agent, we may also advance payment for substantial reasonable out-of-pocket expenditures to be incurred by it. The initial term of the transfer agent agreement was three years , which term is automatically renewed for one year successive terms, but either party may terminate the transfer agent agreement upon 90 days’ prior written notice. In the event that we terminate the transfer agent agreement, other than for cause, we will pay our transfer agent all amounts that would have otherwise accrued during the remaining term of the transfer agent agreement; provided, however, that when calculating the remaining months in the term for such purposes, such term is deemed to be a 12 month period starting from the date of the most recent annual anniversary date. Pursuant to the terms of the agreements described above, the following table summarizes related party costs incurred and paid by us for the years ended December 31, 2022 and 2021, as well as any related amounts payable as of December 31, 2022 and 2021. Year Ended December 31, 2021 Year Ended December 31, 2022 Incurred Paid Payable Incurred Paid Payable Expensed Transfer Agent fees $ 967,341 $ 916,349 $ 86,992 $ 1,242,655 $ 1,260,896 $ 68,751 Additional paid-in capital Transfer Agent expenses 150,000 150,000 — 100,000 100,000 — Stockholder servicing fee (1) 161,545 636,654 156,320 53,660 209,980 — Other Other 1,155,887 814,908 340,979 — — 340,979 Total $ 2,434,773 $ 2,517,911 $ 584,291 $ 1,396,315 $ 1,570,876 $ 409,730 (1) We paid our Dealer Manager an ongoing stockholder servicing fee that is payable monthly and accrues daily in an amount equal to 1/365 th of 1% of the purchase price per share of the Class T Shares sold in the Primary Offering. The amount incurred during the years ended December 31, 2021 and 2022 represents an adjustment to the estimated stockholder servicing fee recorded at the time of the sale of the Class T Shares, based on the cessation date of such stockholder servicing fee of March 31, 2022. Acquisition of Self Storage Platform from SAM and Other Transactions As a result of the Self Administration Transaction, we acquired the self storage sponsorship platform of SAM. Accordingly, the advisor and property manager entities of SST IV and SSGT II became our indirect subsidiaries, and we became entitled to receive various fees and expense reimbursements under the terms of the SST IV and SSGT II advisory and property management agreements as described below. In addition, we now also own the advisor and property manager entities of SST VI and SSGT III and are entitled to receive various fees and expense reimbursements under the terms of the SST VI and SSGT III advisory and property management agreements as described below. Advisory Agreement Fees Our indirect subsidiaries, Strategic Storage Advisor IV, LLC, the advisor to SST IV (the “SST IV Advisor”), SS Growth Advisor II, LLC, the advisor to SSGT II (the “SSGT II Advisor”), the SST VI Advisor, and the SSGT III Advisor are or were entitled to receive various fees and expense reimbursements under the terms of the SST IV, SSGT II, SST VI, and SSGT III advisory agreements. SST IV Advisory Agreement The SST IV Advisor provided acquisition and advisory services to SST IV pursuant to an advisory agreement (the “SST IV Advisory Agreement”) with SST IV up until the SST IV Merger on March 17, 2021. Effective April 30, 2020, SST IV suspended its offering due to various factors, including the uncertainty relating to the ongoing COVID-19 outbreak and its potential economic impact, the status of fundraising in the non-traded REIT industry due to such uncertainty and the termination of its dealer manager agreement. SST IV’s public offering terminated on September 11, 2020. The SST IV Advisor received a monthly asset management fee equal to 0.0833 %, which is one-twelfth of 1% , of SST IV’s aggregate asset value, as defined. The SST IV Advisor was potentially also entitled to various subordinated distributions under SST IV’s operating partnership agreement pursuant to the special limited partnership interest and its cash flow participation distribution rights if SST IV (1) listed its shares of common stock on a national exchange, (2) terminated the SST IV Advisory Agreement, (3) liquidated its portfolio, or (4) entered into an Extraordinary Transaction, as defined in the SST IV operating partnership agreement . Effective March 17, 2021, in connection with the SST IV Merger, the SST IV Advisory Agreement was terminated and none of the aforementioned subordinated distributions or fees were paid. As a result of us acquiring SST IV and terminating such contracts, we recorded a write-off of approximately $ 5.3 million related to the carrying value of the SST IV Advisory Agreement contract. Similarly, we recorded a write-off of approximately $ 1.2 million related to our special limited partnership interest, which per the terms of the SST IV Merger Agreement, terminated without consideration . As a result of the Self Administration Transaction, we recorded a deferred tax liability, which was the result of the difference between the GAAP carrying value of the SST IV Advisory Agreement and its carrying value for tax purposes. As we reduced the GAAP carrying value of such intangible asset, as noted above, we adjusted the corresponding value of our related deferred tax liability by approximately $ 1.4 million during the year ended December 31, 2021, and recorded such benefit to the income tax (expense) benefit line-item in our consolidated statements of operations . SSGT II Advisory Agreement The SSGT II Advisor provided acquisition and advisory services to SSGT II pursuant to an advisory agreement (the “SSGT II Advisory Agreement”) with SSGT II up until the SSGT II Merger on June 1, 2022. Effective as of April 30, 2020, SSGT II suspended its offering due to various factors, including the uncertainty relating to the ongoing COVID-19 outbreak and its potential economic impact, the status of fundraising in the non-traded REIT industry due to such uncertainty and the termination of its dealer manager agreement. The SSGT II Advisor received a monthly asset management fee equal to 0.1042 %, which is one-twelfth of 1.25% , of SSGT II’s aggregate asset value, as defined. The SSGT II Advisor was potentially entitled to various subordinated distributions under SSGT II’s operating partnership agreement pursuant to the special limited partnership interest and its cash flow participation distribution rights. Effective June 1, 2022, in connection with the SSGT II Merger, the SSGT II Advisory Agreement was terminated and pursuant to the SSGT II operating partnership agreement, subordinated distribution of approximately $ 16.1 million was otherwise due. As a result, we recorded a gain of approximately $ 16.1 million related to our special limited partnership interest and recorded this within gain on preexisting equity interests upon acquisition of control in our consolidated statements of operations. As a result of our acquisition of SSGT II and terminating the SSGT II Advisory Agreement, we recorded a write-off of approximately $ 1.4 million related to the carrying value of the SSGT II Advisory Agreement contract. As a result of the Self Administration Transaction, we recorded a deferred tax liability, which was the result of the difference between the GAAP carrying value of the SSGT II Advisory Agreement and its carrying value for tax purposes. As we reduced the GAAP carrying value of such intangible asset, as noted above, we adjusted the corresponding value of our related deferred tax liability by approximately $ 0.3 million on June 1, 2022, and recorded such benefit to the income tax (expense) benefit line-item in our consolidated statements of operations. SST VI Advisory Agreement The SST VI Advisor provides acquisition and advisory services to SST VI pursuant to an advisory agreement (the “SST VI Advisory Agreement”). In connection with the SST VI private placement offering, SST VI was required to reimburse the SST VI Advisor for organization and offering costs from the SST VI private offering pursuant to the SST VI private offering advisory agreement. Pursuant to the SST VI Advisory Agreement, the SST VI Advisor receives acquisition fees equal to 1.00 % of the contract purchase price of each property SST VI acquires plus reimbursement of any acquisition expenses that SST VI Advisor incurs. The SST VI Advisor also receives a monthly asset management fee equal to 0.0625 %, which is one-twelfth of 0.75% , of SST VI’s aggregate asset value, as defined. A subsidiary of our Operating Partnership may also be potentially entitled to a subordinated distribution through its ownership of a special limited partnership in SST VI’s operating partnership agreement if SST VI (1) lists its shares of common stock on a national exchange, (2) terminates the SST VI Advisory Agreement, (3) liquidates its portfolio, or (4) merges with another entity or enters into an Extraordinary Transaction, as defined in the SST VI operating partnership agreement. The SST VI Advisory Agreement provides for reimbursement of the SST VI Advisor’s direct and indirect costs of providing administrative and management services to SST VI. Beginning four fiscal quarters after commencement of SST VI's public offering, which was declared effective March 17, 2022, the SST VI Advisor will be required to pay or reimburse SST VI the amount by which SST VI’s aggregate annual operating expenses, as defined, exceed the greater of 2% of SST VI’s average invested assets or 25% of SST VI’s net income, as defined, unless a majority of SST VI’s independent directors determine that such excess expenses were justified based on unusual and non-recurring factors. On March 1, 2022, Pacific Oak Holding Group, LLC, became a 10 % non-voting member of the SST VI Advisor. Pacific Oak Capital Markets, LLC (a subsidiary of Pacific Oak Holding Group, LLC) is SST VI's dealer manager, and as such, is responsible for the marketing of SST VI shares being offered pursuant to SST VI's private offering, and subsequent to March 17, 2022, SST VI's public offering. On October 25, 2022, we, through one of our subsidiaries also agreed to pay SST VI’s dealer manager an amount equal to 1.5 % of the gross offering proceeds from the sale of Class W shares sold in their public offering . As such, through December 31, 2022, we had paid SST VI's dealer manager approximately $ 6,000 associated with the Class W Shares sold in their public offering. Additionally, in connection with the commencement of SST VI's public offering, the SST VI Advisor or its affiliates agreed that it will fund on behalf of SST VI, an amount equal to 1 % of the gross offering proceeds from the sale of Class W shares sold in their initial public offering, which amount shall be used by SST VI towards the payment of its offering expenses. Through December 31, 2022, the SST VI Advisor or its affiliates had incurred such reimbursable costs in the amount of approximately $ 23,000 . SSGT III Advisory Agreement The SSGT III Advisor provides acquisition and advisory services to SSGT III pursuant to an advisory agreement (the “SSGT III Advisory Agreement”). In connection with the SSGT III private placement offering, which became effective on May 18, 2022, SSGT III is required to reimburse the SSGT III Advisor for organization and offering costs from the SSGT III private offering pursuant to the SSGT III Advisory Agreement. Pursuant to the SSGT III Advisory Agreement, the SSGT III Advisor will receive acquisition fees equal to 1.00 % of the contract purchase price of each property SSGT III acquires plus reimbursement of acquisition expenses that SSGT III Advisor incurs, provided, however, that no reimbursement shall be made for costs of personnel to the extent that such personnel perform services in transactions for which the Advisor receives the Acquisition Fee. The SSGT III Advisor also receives a monthly asset management fee equal to 0.0625 %, which is one-twelfth of 0.75 %, of SSGT III’s aggregate asset value, as defined. The SSGT III Advisor is also entitled to receive a disposition fee equal to 1.5 % of the contract sale price for any properties sold inclusive of any real estate commissions paid to third party real estate brokers. Through a separate agreement, Pacific Oak Holding Group, LLC, the parent company of Pacific Oak Capital Markets, LLC, the dealer manager for the SSGT III private offering, is entitled to receive 10 % of the acquisition fees, asset management fees and disposition fees SSGT III Advisor earns pursuant to the SSGT III Advisory Agreement. A subsidiary of our Operating Partnership may also be potentially entitled to various subordinated distributions through its ownership of a special limited partnership in SSGT III’s operating partnership agreement if SSGT III (1) lists its shares of common stock on a national exchange, (2) terminates the SSGT III Advisory Agreement, (3) liquidates its portfolio, or (4) merges with another entity or enters into an Extraordinary Transaction, as defined in the SSGT III operating partnership agreement. The SSGT III Advisory Agreement provides for reimbursement of the SSGT III Advisor’s direct and indirect costs of providing administrative and management services to SSGT III. Managed REIT Property Management Agreements Our indirect subsidiaries, Strategic Storage Property Management IV, LLC, SS Growth Property Management II, LLC, Strategic Storage Property Management VI, LLC, and SS Growth Property Management III, LLC, (collectively the “Managed REITs Property Managers”), are entitled to receive fees for their services in managing the properties owned by the Managed REITs pursuant to property management agreements entered into between the owner of the property and the applicable Managed REIT’s Property Manager. The Managed REITs’ Property Managers will receive a property management fee equal to 6 % of the gross revenues from the properties, generally subject to a monthly minimum of $ 3,000 per property, plus reimbursement of the costs of managing the properties, and a one-time fee of $ 3,750 for each property acquired that would be managed by the Managed REITs’ Property Managers. Reimbursable costs and expenses include wages and salaries and other expenses of employees engaged in operating, managing and maintaining such properties. Pursuant to the property management agreements, we through our Operating Partnership employ the on-site staff for the Managed REITs’ properties. The SST IV, SST VI, and SSGT III property managers are or were entitled to a construction management fee equal to 5 % of the cost of a related construction or capital improvement work project in excess of $ 10,000 . Effective March 17, 2021, in connection with the SST IV Merger, the SST IV property management contracts were terminated. As a result of us acquiring SST IV and terminating such contracts, we recorded a write-off of approximately $ 1.9 million related to the carrying value of the SST IV property management contracts. Effective June 1, 2022, in connection with the SSGT II Merger, the SSGT II property management contracts were terminated. As a result of us acquiring SSGT II and terminating such contracts, we recorded a write-off of approximately $ 0.6 million related to the carrying value of the SSGT II property management contracts. In connection with the Self Administration Transaction, we previously recorded a deferred tax liability, which was the result of the difference between the GAAP carrying value of the SST IV and SSGT II property management contracts and their carrying values for tax purposes. As we reduced the GAAP carrying value of such intangible assets, we adjusted the value of our deferred tax liability on a pro-rata basis, reducing the deferred tax liability by approximately $ 0.5 million during the three months ended March 31, 2021 related to the SST IV Merger and $ 0.2 million during the three months ended June 30, 2022 related to the SSGT II Merger and the related aforementioned write-offs, and recorded such benefits within the income tax (expense) benefit line-item in our consolidated statements of operations. Summary of Fees and Revenue Related to the Managed REITs Pursuant to the terms of the various agreements described above for the Managed REITs, the following summarizes the related party fees for the years ended December 31, 2022, 2021, and 2020: Managed REIT Platform Revenues Year Ended Year Ended Year Ended Asset Management: SST IV (1) $ — $ 716,278 $ 3,211,661 SSGT II (2) 798,395 1,843,769 1,210,529 SST VI 1,348,314 178,282 — SSGT III 145,622 — — 2,292,331 2,738,329 4,422,190 Property Management: SST IV (1) — 346,179 1,429,632 SSGT II (2) 407,706 709,533 371,751 SST VI 551,493 99,602 — SSGT III 62,426 — — 1,021,625 1,155,314 1,801,383 Tenant Protection Program: SST IV (1) — 285,959 893,315 SSGT II (2) 250,156 636,671 257,602 SST VI 396,758 158,662 — SSGT III 8,119 — — 655,033 1,081,292 1,150,917 Acquisition Fees: SST VI 1,846,168 649,623 — SSGT III 846,000 — — 2,692,168 649,623 — Other revenue (3) 1,158,059 698,412 674,140 Total Managed REIT Platform Revenue $ 7,819,216 $ 6,322,970 $ 8,048,630 (1) On March 17, 2021, we acquired SST IV and no longer earn such fees. Additionally, the Tenant Protection Program revenue for SST IV is now included in ancillary operating revenue in our consolidated statements of operations. (2) On June 1, 2022, we acquired SSGT II and no longer earn such fees. Additionally, the Tenant Protection Program revenue for SSGT II is now included in ancillary operating revenue in our consolidated statements of operations. (3) Such revenue primarily includes other property management related fees, construction management fees, development fees, and other miscellaneous revenues. We offer tenant insurance or tenant protection programs to customers at our Managed REITs' properties pursuant to which we, as the property manager and majority shareholder of the Tenant Protection Program joint ventures, are entitled to substantially all of the net revenue attributable to the sale of such tenant programs. In order to protect our interest in receiving these revenues in light of the fact that the Managed REITs control the properties, we and the Managed REITs transferred our respective rights in such arrangements to a joint venture entity owned 99.9 % by us through a TRS subsidiary and 0.1 % by the Managed REIT. Under the terms of the operating agreements of the joint venture entities, we receive 99.9 % of the net revenues generated from such Tenant Protection Programs and the Managed REIT receives the other 0.1 % of such net revenues. Subsequent to the SST IV Merger and the SSGT II Merger, the SST IV and SSGT II Tenant Protection Programs joint ventures are wholly owned by us and such revenue is generated at our now wholly-owned self storage properties and is recorded within ancillary operating revenue in our consolidated statements of operations. Reimbursable costs from Managed REITs includes reimbursement of SST IV (until the SST IV Merger Date), SSGT II, (until the SSGT II Merger Date), SST VI and SSGT III's Advisors’ direct and indirect costs of providing administrative and management services to the Managed REITs. Additionally, reimbursable costs includes reimbursement pursuant to the property management agreements for reimbursement of the costs of managing the Managed REITs’ properties, including wages and salaries and other expenses of employees engaged in operating, managing and maintaining such properties. As of December 31, 2022 and 2021, we had receivables due from the Managed REITs totaling approximately $ 2.0 million, and $ 1.4 million, respectively. Such amounts are included in investments in and advances to the Managed REITs line-item in our consolidated balance sheets. Such amounts included unpaid amounts relative to the above table, in addition to other direct routine reimbursable expenditures of the Managed REITs that we directly funded. Investments in and advances to SST VI OP Equity Investments On March 10, 2021, SmartStop OP made an investment of $ 5.0 million in SST VI OP, in exchange for common units of limited partnership interest in SST VI OP. Additionally, a subsidiary of SmartStop OP owns a special limited partnership interest (the “SLP”) in SST VI OP. For the year ended December 31, 2022, we recorded a loss related to our equity interest in SST VI OP of approximately $ 1.8 million, and received distributions in the amount of approximately $ 315,000 . As discussed in Note 2 – Summary of Significant Accounting Policies, due to our equity interest in SST VI OP, we consolidated this investment from March 10, 2021 (the date of our initial investment in SST VI OP) until May 1, 2021. Debt Investments On March 11, 2021, SST VI OP, through a wholly-owned subsidiary, used the funds from our $ 5.0 million investment described above, in part, to acquire its first self storage facility in Phoenix, Arizona for approximately $ 16 million. In connection with SST VI OP’s acquisition of the Phoenix property, we provided a $ 3.5 million mezzanine loan to a wholly-owned subsidiary of SST VI OP with an initial interest rate of 8.5 % and term of six months ; as well as a 180 day extension option which was exercised and increased the interest rate to 9.25 % for the remainder of the term. On April 16, 2021, in connection with SST VI OP’s investment in a real estate joint venture property located in North York, Ontario Canada, we provided a $ 2.1 million term loan with similar terms as the mezzanine loan discussed above. On November 12, 2021, a wholly-owned subsidiary of SST VI OP repaid the outstanding balance on the $ 3.5 million mezzanine loan and the $ 2.1 million term loan along with all accrued interest. The loans were terminated in accordance with the mezzanine loan agreement and the term loan agreement without fees or penalties. On December 30, 2021, in connection with SST VI's acquisition of two self storage facilities, SmartStop OP entered into a mezzanine loan agreement with a wholly-owned subsidiary of SST VI OP for up to $ 45 million (the “SST VI Mezzanine Loan”). The SST VI Mezzanine Loan required a commitment fee equal to 1.0 % of the amount drawn at closing of the SST VI Mezzanine Loan, and each subsequent draw. The SST VI Mezzanine Loan was amended on December 20, 2022, such amendment increased the principal borrowing amount from a maximum of $ 45 million to $ 55 million. Pursuant to this amendment, the interest rate on the SST VI Mezzanine Loan converted to a variable rate equal to SOFR plus 3.0% . Additionally, in such amendment, SST VI exercised the existing extension option, whereby payments on the SST VI Mezzanine Loan are interest only until December 30, 2023. The SST VI Mezzanine Loan may be prepaid in whole or in part at any time without fees or penalty and, in certain circumstances, equity interests securing the SST VI Mezzanine Loan may be released from the pledge of collateral. The SST VI Mezzanine Loan is secured by a pledge of the equity interest in the indirect, wholly-owned subsidiaries of SST VI that collectively owned 15 operating self storage facilities as of December 31, 2022. SST VI OP also serves as a non-recourse guarantor. As of December 31, 2022 and 2021, a wholly-owned subsidiary of SST VI OP had $ 35.0 million and $ 6.8 million outstanding, respectively, pursuant to the SST VI Mezzanine Loan. T he following table summarizes the carrying value of our investments in and advances to SST VI as of December 31, 2022 and 2021: As of December 31, Receivables: 2022 2021 Receivables and advances due $ 1,828,990 $ 801,233 Debt: SST VI Mezzanine Loan (1) 35,000,000 6,800,000 Equity: SST VI OP Units and SLP 3,221,410 4,200,905 Total investments in and advances $ 40,050,400 $ 11,802,138 (1) As of December 31, 2022 and 2021, $ 20.0 million and $ 38.2 million, respectively was available to be drawn on the SST VI Mezzanine Loan. Subsequent to December 31, 2022, on January 30, 2023, SST VI borrowed an additional $ 15.0 million on the SST VI Mezzanine Loan. Additionally, on January 30, 2023, we invested $ 15.0 million in preferred limited partnership interests in SST VI OP. Please see Note 14 – Subsequent Events, of the Notes to the Consolidated Financial Statements for more information. Investments in and advances to SSGT III OP Equity Investments On August 29, 2022, SmartStop OP made an investment of $ 5.0 million in SS Growth Operating Partnership III, L.P., the operating partnership of SSGT III ("SSGT III OP"), in exchange for common units of limited partnership interest in SSGT III OP. Additionally, a subsidiary of SmartStop OP owns a special limited partnership interest (the "SLP") in SSGT III OP. For the year ended December 31, 2022, we recorded a loss related to our equity interest in SSGT III OP of approximately $ 0.3 million, and received distributions in the amount of approximately $ 55,000 . Debt Investments On August 9, 2022, in connection with SSGT III's acquisition of two self storage facilities, SmartStop OP, L.P. entered into a mezzanine loan agreement with a wholly-owned subsidiary of SSGT III, for up to $ 50.0 million (the "SSGT III Mezzanine Loan"), of which $ 42.0 million was funded as an initial draw at the time of closing. The SSGT III Mezzanine Loan requires a commitment fee equal to 1.0 % of the amount drawn at closing of the SSGT III Mezzanine Loan, and subsequent draws. The SSGT III Mezzanine Loan was amended on December 20, 2022, such amendment increased the principal borrowing amount from up to $ 50 million to $ 77 million. Pursuant to this amendment, the interest rate on the SSGT III Mezzanine Loan became a variable rate equal to SOFR plus 3.0% . Payments on the SSGT III Mezzanine Loan are interest only until August 9, 2023, which is the initial maturity date of the SSGT III Mezzanine Loan . SSGT III may, in certain circumstances, extend the ultimate maturity date of the SSGT III Mezzanine Loan until August 9, 2024 upon written notice to us, in which event the interest rate of the SSGT III Mezzanine Loan will increase to SOFR plus 4.0% per annum, pursuant to the December 20, 2022 amendment. The SSGT III Mezzanine Loan may be prepaid in whole or in part at any time without fees or penalty and, in certain circumstances, equity interests securing the SSGT III Mezzanine Loan may be released from the pledge of collateral. The SSGT III Mezzanine Loan is secured by a pledge of the equity interest in the indirect, wholly-owned subsidiaries of SSGT III, that owned three operating self storage facilities as of December 31, 2022. SSGT III OP, also serves as a non-recourse guarantor. As of December 31, 2022, a wholly-owned subsidiary of SSGT III OP had $ 17.5 million outstanding pursuant to the SSGT III Mezzanine Loan. T he following table summarizes the carrying value our investments in and advances to SSGT III OP as of December 31, 2022 and 2021: As of December 31, Receivables: 2022 2021 Receivables and advances due $ 156,082 $ — Debt: SSGT III Mezzanine Loan (1) 17,500,000 — Equity: SSGT III OP Units and SLP 4,664,687 — Total investments in and advances $ 22,320,769 $ — (1) As of December 31, 2022, $ 17.5 million was available to be drawn on the SSGT III Mezzanine Loan. On January 26, 2023, SSGT III fully repaid the $ 17.5 million outstanding principal, plus accrued interest. Administrative Services Agreement On June 28, 2019, we along with our Operating Partnership, SmartStop TRS and SmartStop Storage Advisors, LLC (collectively, the “Company Parties”) entered into an Administrative Services Agreement with SAM (the “Administrative Services Agreement”), which,

Equity Based Compensation

Equity Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Equity Based Compensation	Note 11. Equity Based Compensation Prior to June 15, 2022, we issued equity based compensation pursuant to the Company’s Employee and Director Long-Term Incentive Plan (the “Prior Plan”). On June 15, 2022, our stockholders approved the 2022 Long-Term Incentive Plan (the “Plan”) and we no longer issue equity under the Prior Plan. Pursuant to the Plan, we are able to issue various forms of equity based compensation. Through December 31, 2022, we have generally issued equity based awards in two forms: (1) restricted stock awards consisting of shares of our common stock and (2) long-term incentive plan units of our Operating Partnership (“LTIP Units”). Through March 2020, we had only issued restricted stock, which shares are subject to a time based vesting period. In April 2020, the Compensation Committee of the board of directors approved awards for our executive officers, which include (1) performance based awards, and (2) time based awards. For both such type of awards, the recipient can choose either LTIP Units or restricted stock consisting of shares of our common stock. Effective June 2022, certain other recipients of time based awards were also allowed to choose either LTIP Units or restricted stock shares of our common stock. The fair value of restricted stock is determined on the grant date based on an estimated value per share, adjusted for an illiquidity discount due to the illiquid nature of the underlying equity. The fair value of LTIP Units are further adjusted by applying an additional discount as the LTIP Units are not initially economically equivalent to our restricted stock. For performance based awards, a fair value was determined for each performance ranking scenario, with stock compensation expense recorded using the fair value of the scenario determined to be probable of achievement as of the end of the respective period. Time Based Awards We have granted various time based awards, which generally vest ratably over either one , three , or four years commencing in the year of grant, subject to the recipient’s continued employment or service through the applicable vesting date. All grants of time based restricted stock have limitations on transferability during the vesting period, and the grantee does not have the ability to vote any unvested shares. Transferability during the vesting period depends upon when the grant was made, as follows (i) with respect to grants of time based restricted stock made prior to April 2020, the restriction on transfers applies to the entirety of the grant, regardless of vesting, and (ii) with respect to grants of time based restricted stock made in or subsequent to April 2020, the restriction on transfer applies only to the unvested portion of the restricted stock . With respect to grants of time based LTIP Units, distributions accrue based on the effective date of each grant, and are payable as distributions are paid on our Class A Shares without regard to whether the underlying awards have vested. With respect to time based restricted stock issued to our board of directors in or after June 2022, distributions accrue as of the effective date of each grant and are payable as distributions are paid on our Class A Shares without regard to whether the underlying awards have vested. With respect to all other existing time based restricted stock, distributions accrue on non-vested shares granted and are paid when the underlying restricted shares vest. Holders of time based LTIP Units receive allocations of profits and losses with respect to the LTIP Units as of the effective date, distributions from the effective date in an amount equivalent to the distributions declared and paid on our Class A Shares, and the same voting rights as holders of common units, voting as a class with each LTIP Unit holder having one vote per LTIP Unit held. Prior to vesting, time based LTIP Units generally may not be transferred, other than by laws of descent and distribution. The following table summarizes the activity related to our time based awards: Restricted Stock LTIPs Time Based Award Grants Shares Weighted-Average Units Weighted-Average Unvested at December 31, 2020 249,271 $ 9.58 160,891 $ 9.09 Granted 78,192 9.85 222,581 9.30 Vested ( 105,328 ) 9.64 ( 109,276 ) 9.20 Forfeited ( 2,189 ) 9.78 — — Unvested at December 31, 2021 219,946 9.64 274,196 9.22 Granted 60,032 14.33 181,664 13.23 Vested ( 129,498 ) 9.64 ( 165,219 ) 10.21 Forfeited ( 4,630 ) 11.76 — — Unvested at December 31, 2022 145,850 $ 11.50 290,641 $ 11.16 Performance Based Awards With respect to performance based awards, the number of shares of restricted stock granted as of the grant date equaled 100 % of the targeted award, whereas the number of LTIP Units granted as of the grant date equaled 200 % of the targeted amount of the award. The targeted award for each executive was determined and approved by the Compensation Committee of our Board of Directors. The actual number of shares of restricted stock or LTIP Units, as applicable, to be issued upon vesting may range from 0 % to 200 % of the targeted award, such determination being based upon the results of the performance measure. Performance based awards vest based upon our performance as ranked amongst a peer group of self storage related companies. This comparison will be conducted using a performance measure of average annual same-store revenue growth, analyzed over a three-year period. Earned awards for the 2020, 2021 and 2022 grants will vest, as applicable, no later than March 31, 2023 , 2024 , and 2025 , respectively. As of December 31, 2022, no performance based awards had vested. Recipients of performance based restricted stock accrue distributions during the performance period, and such distributions will only be payable on the date that any such shares of restricted stock vest, based upon the performance level attained. Recipients of performance based LTIP Units are issued LTIP Units at 200 % of the targeted award and are entitled to receive distributions and allocations of profits and losses with respect to the performance based LTIP Units as of the effective date of each award in an amount equal to 10% of the distributions and allocations available to such LTIP Units, until the Distribution Participation Date (as defined in the Operating Partnership Agreement). The remaining 90% of distributions will accrue and will be payable on the Distribution Participation Date based upon the performance level attained and number of performance based LTIP Units that vest. Following the Distribution Participation Date, recipients will be entitled to receive the full amount of distributions and allocations of profits and losses with respect to the vested performance-based LTIP Units, such amount being equivalent to distributions declared and paid on our Class A Shares . The following table summarizes our activity related to our performance based awards: Restricted Stock LTIPs Performance Based Award Grants Shares Weighted-Average Units Weighted-Average Unvested at December 31, 2020 5,752 $ 9.78 130,638 $ 9.09 Granted — — 148,387 9.30 Vested — — — — Forfeited — — ( 11,918 ) 9.09 Unvested at December 31, 2021 5,752 9.78 267,107 9.21 Granted — — 113,429 13.18 Vested — — — — Forfeited — — — — Unvested at December 31, 2022 5,752 $ 9.78 380,536 $ 10.39 Holders of performance based restricted stock do not have any rights as a stockholder with respect to the unvested portion of such restricted stock awards. Prior to vesting, shares of performance based restricted stock generally may not be transferred, other than by laws of descent and distribution . Holders of performance based LTIP Units have the same voting rights as holders of common units, voting as a class with each LTIP Unit holder having one vote per LTIP Unit held. Prior to vesting, performance based LTIP Units generally may not be transferred, other than by laws of descent and distribution . LTIP Units are designed to qualify as “profits interests” in the Operating Partnership for federal income tax purposes. The profits interests’ characteristics of the LTIP Units mean that initially they will not be treated as economically equivalent in value to a common unit and the issuance of LTIP Units will not be a taxable event to the Operating Partnership or the recipient. If and when certain events occur pursuant to applicable tax regulations and in accordance with the Operating Partnership Agreement, LTIP Units may become economically equivalent to common units of limited partnership interest of our Operating Partnership on a one-for-one basis. As of December 31, 2022, 9,978,272 shares of stock were available for issuance under the Plan. We recorded approximately $ 3.8 million, $ 2.8 million, and $ 1.6 million of equity based compensation expense in general and administrative expense during the years ended December 31, 2022, 2021, and 2020, respectively. We recorded approximately $ 155,000 , $ 80,000 , and $ 40,000 of equity based compensation expense in property operating expenses, within our consolidated statements of operations for the years ended December 31, 2022, 2021, and 2020, respectively. As of December 31, 2022, and 2021, there was approximately $ 4.8 million and $ 4.5 million of total unrecognized compensation expense related to non-vested equity awards, respectively. As of December 31, 2022 and 2021, such cost was expected to be recognized over a weighted-average period of approximately 2.1 years and 2.1 years, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12. Commitments and Contingencies Contingent Earnout On June 28, 2019, in relation to the Self Administration Transaction, 3,283,302 Class A-2 limited partnership units of the Operating Partnership ("Class A-2 Units"), were issued to SS OP Holdings as consideration. Class A-2 Units could convert into Class A-1 Units as earnout consideration, as described below. The Class A-2 Units were not entitled to cash distributions or the allocation of any profits or losses in the Operating Partnership until the Class A-2 Unit into Class A-1 Units. The conversion features of the Class A-2 Units were as follows: (A) the first time the aggregate incremental assets under management, as amended (“AUM”) (as defined in the Operating Partnership Agreement) of the Operating Partnership equals or exceeds $ 300,000,000 , one-third of the Class A-2 Units would automatically convert into Class A-1 Units, (B) the first time the incremental AUM of the Operating Partnership equaled or exceeded $ 500,000,000 , an additional one-third of the Class A-2 Units would automatically convert into Class A-1 Units, and (C) the first time the incremental AUM equals or exceeds $ 700,000,000 , the remaining one-third of the Class A-2 Units would automatically convert into Class A-1 Units (each an “Earnout Achievement Date”). On each Earnout Achievement Date, the Class A-2 Units would automatically convert into Class A-1 Units based on an earnout exchange ratio, which is equal to $ 10.66 divided by the then current value of our Class A-1 Units, as provided in the Operating Partnership Agreement. On March 24, 2021, we, as the general partner of our Operating Partnership, entered into Amendment No. 3 (the “Amendment”) to the Operating Partnership Agreement, to make certain revisions to Exhibit D (Description of Class A-2 Units) to the Operating Partnership Agreement. The Amendment (i) revised the definition of “AUM” in connection with the earnout of the Class A-2 Units so that it (A) included assets acquired by us and our affiliates and (B) included 100 % of any joint venture assets, rather than a pro rata percentage, and (ii) clarifies that the Class A-2 Units may be transferred after the two-year holding period. On March 24, 2021, 1,094,434 Class A-2 Units held by SS OP Holdings, were converted into 1,121,795 Class A-1 Units pursuant to the achievement of the first tier of earnout consideration. The fair value of the contingent earnout liability was reduced as the Class A-2 Units were converted into Class A-1 Units in our Operating Partnership and the fair value of such units was reclassified to the noncontrolling interest in our Operating Partnership line in the equity section of our consolidated balance sheet. On October 19, 2021, the Nominating and Corporate Governance Committee of our board of directors and our board of 10.66 On March 29, 2022, 1,094,434 Class A-2 Units were converted into 1,094,434 Class A-1 Units pursuant to the achievement of the second tier of earnout consideration. The fair value of the contingent earnout liability was reduced as the Class A-2 Units were converted into Class A-1 Units in our Operating Partnership and the fair value of such units was reclassified to the noncontrolling interest in our Operating Partnership line in the equity section of our consolidated balance sheet. On August 9, 2022, pursuant to the revised definition of AUM as described above, we reached the incremental assets under management threshold of $ 700 million, and 1,094,434 Class A-2 Units were converted into 1,094,434 Class A-1 Units pursuant to the achievement of the third and final tier of earnout consideration. The fair value of the contingent earnout liability was eliminated as the Class A-2 Units were converted into Class A-1 Units in our Operating Partnership and the fair value of such units was reclassified to the noncontrolling interest in our Operating Partnership line in the equity section of our consolidated balance sheet. Distribution Reinvestment Plan We have adopted an amended and restated distribution reinvestment plan (our "DRP") that allows both our Class A and Class T stockholders to have distributions otherwise distributable to them invested in additional shares of our Class A and Class T Shares, respectively. The purchase price per share pursuant to our DRP is equivalent to the estimated value per share approved by our board of directors and in effect on the date of purchase of shares under the plan. In conjunction with the board of directors’ declaration of a new estimated value per share of our common stock on December 6, 2022, any shares sold pursuant to our distribution reinvestment plan will be sold at our new estimated value per share of $ 15.21 per Class A Share and Class T Share . However, as described below, on March 7, 2022, our board of directors approved the suspension of our DRP, effective on April 15, 2022, therefore our last shares issued pursuant to the DRP were on March 15, 2022. Share Redemption Program As described in Note 2 – Summary of Significant Accounting Policies, we have an SRP, which is fully suspended. Pursuant to the SRP, we may redeem the shares of stock presented for redemption for cash to the extent that such requests comply with the below terms of our SRP and we have sufficient funds available to fund such redemption. Our board of directors may amend, suspend or terminate the SRP with 30 days’ notice to our stockholders. We may provide this notice by including such information in a Current Report on Form 8-K or in our annual or quarterly reports, all publicly filed with the SEC, or by a separate mailing to our stockholders. On August 20, 2020, our board of directors amended the terms of the SRP to revise the redemption price per share for all redemptions under the SRP to be equal to the most recently published estimated net asset value per share of the applicable share class (the “SRP Amendment”). Prior to the SRP Amendment, the redemption amount was the lesser of the amount the stockholders paid for their shares or the price per share in the current offering. On December 6, 2022, we declared a new estimated net asset value per share and the redemption price under our SRP immediately changed to $ 15.21 (our current estimated net asset value per share) . There are several limitations in addition to those noted above on our ability to redeem shares under the SRP including, but not limited to: • During any calendar year, we will not redeem in excess of 5 % of the weighted-average number of shares outstanding during the prior calendar year. • The cash available for redemption is limited to the proceeds from the sale of shares pursuant to our distribution reinvestment plan, less any prior redemptions. • We have no obligation to redeem shares if the redemption would violate the restrictions on distributions under Maryland law, which prohibits distributions that would cause a corporation to fail to meet statutory tests of solvency. For the year ended December 31, 2022, we received redemption requests totaling approximately $ 2.4 million (approximately 0.2 million shares). Due to the complete suspension of our SRP we were unable to honor redemption requests made during the year ended December 31, 2022. For the year ended December 31, 2021, we received redemption requests totaling approximately $ 5.6 million (approximately 0.4 million shares), approximately $ 3.9 million of which were fulfilled during the year ended December 31, 2021, with the remaining approximately $ 1.7 million included in accounts payable and accrued liabilities as of December 31, 2021 and fulfilled in January 2022. For the year ended December 31, 2020, we received redemption requests totaling approximately $ 2.0 million (approximately 0.2 million shares), approximately $ 1.3 million of which were fulfilled during the year ended December 31, 2020, with the remaining approximately $ 0.7 million included in accounts payable and accrued liabilities as of December 31, 2020 and fulfilled in January 2021. As described below, on March 7, 2022, our board of directors approved the complete suspension of our SRP, effective immediately. Suspension of DRP and SRP In connect ion with a review of liquidity alternatives by the Board, on March 7, 2022, the Board approved the full suspension of our DRP and SRP. Under our DRP, the Board may amend, modify, suspend or terminate our plan for any reason upon 10 days’ written notice to the participants. Consistent with the terms of our DRP, distributions declared by the Board for the month of February 2022, which were paid on or about March 15, 2022, were not affected by this suspension. However, beginning with the distributions declared by the Board for the month of March 2022, which were paid in April 2022, and continuing until such time as the Board may approve the resumption of the DRP, if ever, all distributions declared by the Board will be paid to our stockholders in cash. Prior to the suspension of our SRP, consistent with its terms, all redemption requests received, and not withdrawn, on or prior to the last day of the applicable quarter were processed on the last business day of the month following the end of the quarter in which the redemption requests were received. Accordingly, redemption requests received during the fourth quarter of 2021 were processed on January 31, 2022, and redemption requests received during the first quarter of 2022 ordinarily would have needed to be received on or prior to March 31, 2022 and would have been processed on April 30, 2022. However, the effective date of the aforementioned suspension of our SRP occurred prior to March 31, 2022. Accordingly, any redemption requests received during the year ended December 31, 2022, or any future quarter, will not be processed until the Board approves the resumption of our SRP, if ever. Operating Partnership Redemption Rights Generally, the limited partners of our Operating Partnership, have the right to cause our Operating Partnership to redeem their limited partnership units for cash equal to the value of an equivalent number of our shares, or, at our option, we may purchase their limited partnership units by issuing one share of our common stock for each limited partnership unit redeemed. These rights may not be exercised under certain circumstances that could cause us to lose our REIT election. Furthermore, limited partners may exercise their redemption rights only after their limited partnership units have been outstanding for one year . Additionally, the Class A-1 Units issued in connection with the Self Administration Transaction are subject to the general restrictions on transfer contained in the Operating Partnership Agreement. The Class A-1 Units are otherwise entitled to all rights and duties of the Class A limited partnership units in the Operating Partnership, including cash distributions and the allocation of any profits or losses in the Operating Partnership. Other Contingencies and Commitments We have severance arrangements which cover certain members of our management team; these provide for severance payments upon certain events, including after a change of control. See Note 10 – Related Party Transactions related to our debt investments in the Managed REITs for more information about our contingent obligations under these agreements. As of December 31, 2022, pursuant to various contractual relationships, we are required to make other non-cancellable payments in the amounts of approximately $ 2.4 million, and $ 2.5 million during the years ending December 31, 2023 and 2024 , respectively. From time to time, we are party to legal, regulatory and other proceedings that arise in the ordinary course of our business. In accordance with applicable accounting guidance, management accrues an estimated liability when those matters present loss contingencies that are both probable and reasonably estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. We are not aware of any such proceedings of which the outcome is reasonably likely to have a material adverse effect on our results of operations or financial condition.

Declaration of Distributions

Declaration of Distributions	12 Months Ended
	Dec. 31, 2022
Dividends [Abstract]
Declaration of Distributions	Note 13. Declaration of Distributions On December 21, 2022, our board of directors declared a distribution rate for the month of January 2023 of approximately $ 0.00164 per day per share on the outstanding shares of common stock payable to Class A and Class T stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on January 1, 2023 and ending January 31, 2023 . On January 17, 2023, our board of directors declared a distribution rate for the month of February 2023 of approximately $ 0.00164 per day per share on the outstanding shares of common stock payable to Class A and Class T stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on February 1, 2023 and ending February 28, 2023 . On February 24, 2023, our board of directors declared a distribution rate for the month of March 2023 of approximately $ 0.00164 per day per share on the outstanding shares of common stock payable to Class A and Class T stockholders of record of such shares as shown on our books at the close of business on each day of the period commencing on March 1, 2023 and ending March 31, 2023 . Such distributions payable to each stockholder of record during a month will be paid the following month.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 14. Subsequent Events In addition to the subsequent events discussed elsewhere in the notes to the financial statements, the following events occurred subsequent to December 31, 2022: On January 30, 2023, SSSR Preferred Investor, LLC (the “Preferred Investor”), an indirect subsidiary of the Company, entered into a Series A Cumulative Redeemable Preferred Unit Purchase Agreement (the “Agreement”) with Strategic Storage Trust VI, Inc. (“SST VI”) and Strategic Storage Operating Partnership VI, L.P. (“SST VI OP”). An indirect subsidiary of the Company serves as the sponsor of SST VI. Pursuant to the terms of the Agreement, the Preferred Investor purchased 600,000 units of limited partnership interest in SST VI OP (the “Preferred Units”) for an aggregate of $ 15 million (the “Preferred Investment”). Upon the closing of the Preferred Investment, the Preferred Investor was due an investment fee equal to 1 % of the investment amount. The Preferred Investor will receive distributions, payable monthly in arrears, at a rate of 7.0 % per annum from the date of issuance until the second anniversary of the date of issuance, 8.0 % per annum commencing thereafter until the third anniversary of the date of issuance, 9.0 % per annum commencing thereafter until the fourth anniversary of the date of issuance, and 10 % per annum thereafter, payable storage acquisition, development, and improvement activities, and working capital or other general partnership purposes. Each Preferred Unit has a liquidation preference of $ 25.00 , plus all accumulated and unpaid distributions. The Preferred Units may be redeemed, in whole or in part, at the option of SST VI OP at any time or from time to time following the second anniversary of the initial date of issuance at a price equal to the sum of the Liquidation Amount plus all accumulated and unpaid distributions thereon. Issuance of Equity Awards In February 2023, the compensation committee of our board of directors approved the 2023 executive compensation terms for our executives, which included (1) performance-based equity grants in the form of either, at the election of the executive, restricted stock awards or LTIP Units, and (2) time-based equity grants in the form of either, at the election of the executive, restricted stock awards or LTIP Units. In February 2023 an aggregate of 271,199 LTIP Units were issued to our executive officers in connection with performance-based equity grants. With respect to performance-based equity grants, the number of LTIP Units granted as of the grant date was equal 200 % of the targeted award. These are non-vested grants which shall vest based on ranges from a threshold of 0 % to a maximum of 200 % of the targeted equity award set for each executive by the compensation committee, with such percentage being determined based upon our ranking as compared to a peer group of publicly traded self storage REITs in terms of the average same-store revenue growth, analyzed over a three-year period. Similarly, in February 2023 an aggregate of 275,308 LTIP Units were issued to our executive officers in connection with time-based equity grants. These are non-vested grants which shall vest ratably over four years , with the first tranche vesting on December 31, 2023, subject to the recipient’s continued employment through the applicable vesting date.

Schedule III Real Estate and Ac

Schedule III Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
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 SCHEDUL E III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2022 Initial Cost to Company Gross Carrying Amount at December 31, 2022 Description ST Encumbrance Land Building and Total Cost Land Building and Total (1) Accumulated Date of Date Morrisville NC $ — (4) $ 531,000 $ 1,891,000 $ 2,422,000 $ 204,262 $ 531,000 $ 2,095,262 $ 2,626,262 $ 652,967 2004 11/3/2014 Cary NC — (4) 1,064,000 3,301,000 4,365,000 244,450 1,064,000 3,545,450 4,609,450 1,055,508 1998/2005/2006 11/3/2014 Raleigh NC — (4) 1,186,000 2,540,000 3,726,000 378,893 1,186,000 2,918,893 4,104,893 1,036,976 1999 11/3/2014 Myrtle Beach I SC 8,491,387 1,482,000 4,476,000 5,958,000 546,002 1,482,000 5,022,002 6,504,002 1,575,498 1998/2005-2007 11/3/2014 Myrtle Beach II SC 6,736,055 1,690,000 3,654,000 5,344,000 401,685 1,690,000 4,055,685 5,745,685 1,308,034 1999/2006 11/3/2014 Whittier CA 4,495,305 2,730,000 2,916,875 5,646,875 735,636 2,730,000 3,652,511 6,382,511 1,266,433 1989 2/19/2015 La Verne CA 3,093,713 1,950,000 2,036,875 3,986,875 345,409 1,950,000 2,382,284 4,332,284 879,912 1986 1/23/2015 Santa Ana CA 5,075,474 4,890,000 4,006,875 8,896,875 756,398 4,890,000 4,763,273 9,653,273 1,624,906 1978 2/5/2015 Upland CA 3,528,728 2,950,000 3,016,875 5,966,875 596,231 2,950,000 3,613,106 6,563,106 1,294,817 1979 1/29/2015 La Habra CA 3,576,890 2,060,000 2,356,875 4,416,875 652,209 2,060,000 3,009,084 5,069,084 929,982 1981 2/5/2015 Monterey Park CA 2,513,545 2,020,000 2,216,875 4,236,875 400,444 2,020,000 2,617,319 4,637,319 806,159 1987 2/5/2015 Huntington Beach CA 6,815,534 5,460,000 4,856,875 10,316,875 508,065 5,460,000 5,364,940 10,824,940 1,772,180 1986 2/5/2015 Chico CA 1,136,033 400,000 1,336,875 1,736,875 372,580 400,000 1,709,455 2,109,455 595,664 1984 1/23/2015 Lancaster CA 1,643,514 200,000 1,516,875 1,716,875 544,234 200,000 2,061,109 2,261,109 772,616 1980 1/29/2015 Riverside CA 2,271,845 370,000 2,326,875 2,696,875 744,444 370,000 3,071,319 3,441,319 1,013,228 1985 1/23/2015 Fairfield CA 2,682,779 730,000 2,946,875 3,676,875 322,208 730,000 3,269,083 3,999,083 1,036,507 1984 1/23/2015 Lompoc CA 2,755,244 1,000,000 2,746,875 3,746,875 348,373 1,000,000 3,095,248 4,095,248 959,467 1982 2/5/2015 Santa Rosa CA 7,154,002 3,150,000 6,716,875 9,866,875 837,876 3,150,000 7,554,751 10,704,751 2,394,886 1979-1981 1/29/2015 Vallejo CA — (4) 990,000 3,946,875 4,936,875 466,627 990,000 4,413,502 5,403,502 1,378,210 1981 1/29/2015 Federal Heights CO 2,320,229 1,100,000 3,346,875 4,446,875 397,310 1,100,000 3,744,185 4,844,185 1,410,847 1983 1/29/2015 Aurora CO 4,688,842 810,000 5,906,875 6,716,875 873,782 810,000 6,780,657 7,590,657 2,182,032 1984 2/5/2015 Littleton CO 2,126,913 1,680,000 2,456,875 4,136,875 380,972 1,680,000 2,837,847 4,517,847 972,290 1985 1/23/2015 Bloomingdale IL 2,320,229 810,000 3,856,874 4,666,874 516,113 810,000 4,372,987 5,182,987 1,376,557 1987 2/19/2015 Crestwood IL 1,595,130 250,000 2,096,875 2,346,875 438,121 250,000 2,534,996 2,784,996 870,846 1987 1/23/2015 Forestville MD 3,383,575 1,940,000 4,346,875 6,286,875 1,155,658 1,940,000 5,502,533 7,442,533 2,074,243 1988 1/23/2015 Warren I MI 1,909,295 230,000 2,966,875 3,196,875 605,075 230,000 3,571,950 3,801,950 1,180,432 1996 5/8/2015 Sterling Heights MI 2,247,764 250,000 3,286,875 3,536,875 917,177 250,000 4,204,052 4,454,052 1,324,243 1977 5/21/2015 Troy MI 3,335,413 240,000 4,176,875 4,416,875 464,700 240,000 4,641,575 4,881,575 1,455,387 1988 5/8/2015 Warren II MI 2,199,380 240,000 3,066,875 3,306,875 748,969 240,000 3,815,844 4,055,844 1,286,694 1987 5/8/2015 Beverly NJ 1,353,430 400,000 1,696,875 2,096,875 363,219 400,000 2,060,094 2,460,094 634,190 1988 5/28/2015 Everett WA 2,658,476 2,010,000 2,956,875 4,966,875 810,891 2,010,000 3,767,766 5,777,766 1,185,904 1986 2/5/2015 Foley AL 4,036,209 1,839,000 5,717,000 7,556,000 922,571 1,839,000 6,639,571 8,478,571 2,043,884 1985/1996/2006 9/11/2015 Tampa FL 1,595,130 718,244 2,257,471 2,975,715 595,503 718,244 2,852,974 3,571,218 860,973 1985 11/3/2015 Boynton Beach FL 7,975,648 1,983,491 15,232,817 17,216,308 562,650 1,983,491 15,795,467 17,778,958 3,390,161 2004 1/7/2016 Lancaster II CA 2,296,148 670,392 3,711,424 4,381,816 368,560 670,392 4,079,984 4,750,376 1,124,491 1991 1/11/2016 Milton (2) ONT — (4) 1,452,870 7,929,810 9,382,680 631,867 (3) 1,490,206 8,524,341 10,014,547 1,850,082 2006 2/11/2016 Burlington I (2) ONT — (4) 3,293,267 10,278,861 13,572,128 843,154 (3) 3,377,898 11,037,384 14,415,282 2,405,590 2011 2/11/2016 Oakville I (2) ONT — (4) 2,655,215 13,072,458 15,727,673 2,456,332 (3) 2,723,449 15,460,556 18,184,005 3,394,879 2016 2/11/2016 Oakville II (2) ONT — (4) 2,983,307 9,346,283 12,329,590 311,685 (3) 2,975,847 9,665,428 12,641,275 2,187,289 2004 2/29/2016 Burlington II (2) ONT — (4) 2,944,035 5,125,839 8,069,874 242,547 (3) 2,936,674 5,375,747 8,312,421 1,212,620 2008 2/29/2016 Xenia OH — (4) 275,493 2,664,693 2,940,186 175,415 275,493 2,840,108 3,115,601 766,260 2003 4/20/2016 Sidney OH — (4) 255,246 1,806,349 2,061,595 232,575 255,246 2,038,924 2,294,170 806,881 2003 4/20/2016 Troy OH — (4) 150,666 2,596,010 2,746,676 206,114 150,666 2,802,124 2,952,790 858,965 2003 4/20/2016 Greenville OH — (4) 82,598 1,909,466 1,992,064 209,324 82,598 2,118,790 2,201,388 568,842 2003 4/20/2016 Initial Cost to Company Gross Carrying Amount at December 31, 2022 Description ST Encumbrance Land Building and Total Cost Land Building and Total (1) Accumulated Date of Date Washington Court House OH — (4) 255,456 1,882,203 2,137,659 173,835 255,456 2,056,038 2,311,494 571,588 2003 4/20/2016 Richmond IN — (4) 223,159 2,944,379 3,167,538 225,125 223,159 3,169,504 3,392,663 900,168 2003 4/20/2016 Connersville IN — (4) 155,533 1,652,290 1,807,823 155,266 155,533 1,807,556 1,963,089 506,706 2003 4/20/2016 Port St. Lucie I FL — (4) 2,589,781 6,339,578 8,929,359 269,080 2,589,781 6,608,658 9,198,439 1,585,837 1999 4/29/2016 Sacramento CA — (4) 1,205,209 6,616,767 7,821,976 146,392 991,287 6,977,081 7,968,368 1,538,414 2006 5/9/2016 Oakland CA — (4) 5,711,189 6,902,446 12,613,635 346,418 5,711,189 7,248,864 12,960,053 1,582,865 1979 5/18/2016 Concord CA — (4) 19,090,003 17,202,868 36,292,871 923,103 19,090,003 18,125,971 37,215,974 4,029,552 1988/1998 5/18/2016 Pompano Beach FL 8,502,149 3,947,715 16,656,002 20,603,717 299,630 3,947,715 16,955,632 20,903,347 3,365,982 1979 6/1/2016 Lake Worth FL 10,225,596 12,108,208 10,804,173 22,912,381 399,142 12,108,208 11,203,315 23,311,523 3,093,048 1998/2003 6/1/2016 Jupiter FL 11,469,344 16,029,881 10,556,833 26,586,714 406,654 16,029,881 10,963,487 26,993,368 2,521,208 1992/2012 6/1/2016 Royal Palm Beach FL 9,604,947 11,425,394 13,275,322 24,700,716 356,831 11,425,394 13,632,153 25,057,547 3,501,241 2001/2003 6/1/2016 Port St. Lucie II FL 6,897,272 5,130,621 8,410,474 13,541,095 455,469 5,130,621 8,865,943 13,996,564 2,179,584 2002 6/1/2016 Wellington FL — (4) 10,233,511 11,662,801 21,896,312 259,926 10,233,511 11,922,727 22,156,238 2,553,809 2005 6/1/2016 Doral FL — (4) 11,335,658 11,485,045 22,820,703 384,227 11,335,658 11,869,272 23,204,930 2,599,570 1998 6/1/2016 Plantation FL 15,267,178 12,989,079 19,224,919 32,213,998 851,417 12,989,079 20,076,336 33,065,415 4,267,131 2002/2012 6/1/2016 Naples FL — (4) 11,789,085 12,771,305 24,560,390 395,774 11,789,085 13,167,079 24,956,164 2,778,539 2002 6/1/2016 Delray FL 11,753,240 17,096,692 12,983,627 30,080,319 347,660 17,096,692 13,331,287 30,427,979 2,921,059 2003 6/1/2016 Baltimore MD — (4) 3,897,872 22,427,843 26,325,715 717,900 3,897,872 23,145,743 27,043,615 5,166,657 1990/2014 6/1/2016 Sonoma CA 6,795,065 3,468,153 3,679,939 7,148,092 224,692 3,468,153 3,904,631 7,372,784 922,006 1984 6/14/2016 Las Vegas I NV 11,158,848 2,391,220 11,117,892 13,509,112 308,960 2,391,220 11,426,852 13,818,072 2,275,449 2002 7/28/2016 Las Vegas II NV 11,207,605 3,840,088 9,916,937 13,757,025 356,819 3,840,088 10,273,756 14,113,844 2,195,007 2000 9/23/2016 Las Vegas III NV 8,474,386 2,565,579 6,338,944 8,904,523 448,830 2,565,579 6,787,774 9,353,353 1,494,689 1989 9/27/2016 Asheville I NC — (4) 3,619,676 11,173,603 14,793,279 517,214 3,619,676 11,690,817 15,310,493 2,560,579 1988/2005/2015 12/30/2016 Asheville II NC — (4) 1,764,969 3,107,311 4,872,280 261,878 1,764,969 3,369,189 5,134,158 778,907 1984 12/30/2016 Hendersonville I NC — (4) 1,081,547 3,441,204 4,522,751 269,243 1,081,547 3,710,447 4,791,994 807,391 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 1,188,790 1991/2002 12/30/2016 Arden NC — (4) 1,790,118 10,265,741 12,055,859 553,138 1,790,118 10,818,879 12,608,997 2,108,799 1973 12/30/2016 Asheville IV NC — (4) 4,558,139 4,455,118 9,013,257 294,611 4,558,139 4,749,729 9,307,868 1,158,851 1985/1986/2005 12/30/2016 Asheville V NC — (4) 2,414,680 7,826,417 10,241,097 433,376 2,414,680 8,259,793 10,674,473 1,794,288 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 1,099,654 2004 12/30/2016 Asheville VIII NC — (4) 1,764,965 6,162,855 7,927,820 319,160 1,764,965 6,482,015 8,246,980 1,456,375 1968/2002 12/30/2016 Hendersonville II NC — (4) 2,597,584 5,037,350 7,634,934 341,573 2,597,584 5,378,923 7,976,507 1,385,172 1989/2003 12/30/2016 Asheville VII NC — (4) 782,457 2,139,791 2,922,248 95,973 782,457 2,235,764 3,018,221 526,446 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 1,959,680 2012 1/11/2017 Dufferin (2) ONT — (4) 6,258,511 16,287,332 22,545,843 1,698,188 (3) 6,544,256 17,699,775 24,244,031 3,371,759 2015 2/1/2017 Mavis (2) ONT — (4) 4,657,233 14,493,508 19,150,741 1,207,696 (3) 4,869,868 15,488,569 20,358,437 2,908,138 2013 2/1/2017 Brewster (2) ONT — (4) 4,136,329 9,527,410 13,663,739 837,189 (3) 4,325,182 10,175,746 14,500,928 1,956,001 2013 2/1/2017 Granite (2) ONT — (4) 3,126,446 8,701,429 11,827,875 724,916 (3) 3,269,190 9,283,601 12,552,791 1,698,329 1998/2016 2/1/2017 Centennial (2) ONT — (4) 1,714,644 11,428,538 13,143,182 688,090 (3) 1,792,930 12,038,342 13,831,272 2,161,162 2016/2017 2/1/2017 Ft. Pierce FL 8,764,926 1,152,931 12,398,306 13,551,237 229,192 1,152,931 12,627,498 13,780,429 1,559,942 2008 1/24/2019 Russell Blvd, Las Vegas II NV — (4) 3,433,634 15,449,497 18,883,131 692,595 3,510,075 16,065,651 19,575,726 2,455,682 1996 1/24/2019 Jones Blvd, Las Vegas I NV — (4) 1,975,283 12,565,410 14,540,693 186,266 1,975,283 12,751,676 14,726,959 1,561,518 1999 1/24/2019 Airport Rd, Colorado Springs CO — (4) 870,373 7,877,813 8,748,186 312,027 870,373 8,189,840 9,060,213 1,082,369 1983 1/24/2019 Riverside CA — (4) 1,259,685 6,995,794 8,255,479 365,030 1,259,685 7,360,824 8,620,509 1,024,838 1980 1/24/2019 Initial Cost to Company Gross Carrying Amount at December 31, 2022 Description ST Encumbrance Land Building and Total Cost Land Building and Total (1) Accumulated Date of Date Stockton CA — (4) 783,938 7,706,492 8,490,430 215,432 783,938 7,921,924 8,705,862 1,063,931 1984 1/24/2019 Azusa CA — (4) 4,384,861 9,153,677 13,538,538 192,710 4,384,861 9,346,387 13,731,248 1,201,203 1986 1/24/2019 Romeoville IL — (4) 964,701 5,755,146 6,719,847 369,798 964,701 6,124,944 7,089,645 870,184 1986 1/24/2019 Elgin IL — (4) 1,162,197 2,895,052 4,057,249 184,869 1,162,197 3,079,921 4,242,118 554,774 1986 1/24/2019 San Antonio I TX — (4) 1,602,740 9,196,093 10,798,833 213,577 1,602,740 9,409,670 11,012,410 1,225,041 1998 1/24/2019 Kingwood TX — (4) 1,016,291 9,358,519 10,374,810 228,992 1,016,291 9,587,511 10,603,802 1,301,662 2001 1/24/2019 Aurora III CO — (4) 1,678,141 5,958,219 7,636,360 134,038 1,678,141 6,092,257 7,770,398 1,041,306 2015 1/24/2019 Stoney Creek I (2) ONT — (4) 2,363,127 8,154,202 10,517,329 ( 47,151 ) (3) 2,328,422 8,141,756 10,470,178 1,089,451 N/A 1/24/2019 Torbarrie (2) ONT — (4) 2,714,051 5,262,813 7,976,864 7,949,502 (3) 2,674,192 13,252,174 15,926,366 1,406,635 1980 1/24/2019 Baseline AZ — (4) 1,307,289 11,385,380 12,692,669 220,452 1,307,289 11,605,832 12,913,121 1,551,922 2016 1/24/2019 3173 Sweeten Creek Rd, NC — (4) 1,036,164 8,764,558 9,800,722 1,234,645 1,036,164 9,999,203 11,035,367 1,223,873 1982 1/24/2019 Elk Grove IL — (4) 2,384,166 6,000,071 8,384,237 211,960 2,384,166 6,212,031 8,596,197 852,715 2016 1/24/2019 Garden Grove CA — (4) 8,076,202 13,152,494 21,228,696 279,159 8,076,202 13,431,653 21,507,855 1,743,967 2017 1/24/2019 Deaverview Rd, Asheville NC — (4) 1,449,001 4,412,039 5,861,040 315,871 1,449,001 4,727,910 6,176,911 693,994 1992 1/24/2019 Highland Center Blvd, NC — (4) 1,763,875 4,823,116 6,586,991 302,930 1,763,875 5,126,046 6,889,921 713,589 1994 1/24/2019 Sarasota FL — (4) 1,084,165 7,359,913 8,444,078 137,663 1,084,165 7,497,576 8,581,741 933,825 2017 1/24/2019 Mount Pleasant SC — (4) 1,054,553 5,678,794 6,733,347 139,511 1,054,553 5,818,305 6,872,858 724,650 2016 1/24/2019 Nantucket MA 20,207,278 5,854,837 33,210,517 39,065,354 199,113 5,854,837 33,409,630 39,264,467 4,002,850 2002 1/24/2019 Pembroke Pines FL — (4) 3,146,970 14,296,167 17,443,137 127,183 3,146,970 14,423,350 17,570,320 1,822,621 2018 1/24/2019 Riverview FL — (4) 1,593,082 7,102,271 8,695,353 3,294,325 2,405,974 9,583,704 11,989,678 1,097,546 2018 1/24/2019 Eastlake CA — (4) 2,120,104 15,417,746 17,537,850 169,002 2,120,104 15,586,748 17,706,852 1,815,870 2018 1/24/2019 McKinney TX — (4) 2,177,186 9,320,876 11,498,062 222,422 2,101,521 9,618,963 11,720,484 1,183,221 2016 1/24/2019 Hualapai Way, Las Vegas NV — (4) 742,839 9,018,717 9,761,556 95,212 742,839 9,113,929 9,856,768 1,132,369 2018 1/24/2019 Gilbert AZ — (4) 1,379,687 9,021,255 10,400,942 375,672 1,037,750 9,738,864 10,776,614 1,100,568 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 7,905,306 415,305 1979 3/17/2021 Emmett F Lowry Expy, TX 5,112,000 940,119 8,643,066 9,583,185 34,593 940,119 8,677,659 9,617,778 507,728 2010 3/17/2021 Van Buren Blvd, Riverside II CA 3,510,000 2,308,151 7,393,117 9,701,268 147,637 2,308,151 7,540,754 9,848,905 418,015 1984 3/17/2021 Las Vegas Blvd, Las Vegas NV 5,413,000 922,569 11,035,721 11,958,290 61,779 922,569 11,097,500 12,020,069 591,900 1996 3/17/2021 Goodlette Rd, Naples FL — (4) 2,467,683 18,647,151 21,114,834 105,108 2,467,683 18,752,259 21,219,942 1,027,884 2001 3/17/2021 Centennial Pkwy, LV II NV 7,118,000 1,397,045 15,193,510 16,590,555 57,329 1,397,045 15,250,839 16,647,884 841,303 2006 3/17/2021 Texas Ave, College Station TX — (4) 3,530,460 5,583,528 9,113,988 24,331 3,530,460 5,607,859 9,138,319 356,471 2004 3/17/2021 Meridian Ave, Puyallup WA 6,616,000 5,747,712 9,884,313 15,632,025 41,899 5,747,712 9,926,212 15,673,924 648,705 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 7,676,409 364,032 2003 3/17/2021 FM 1488, The Woodlands II TX — (4) 1,945,532 8,905,822 10,851,354 39,641 1,945,532 8,945,463 10,890,995 529,289 2007 3/17/2021 Hwy 290, Cypress TX — (4) 2,832,498 5,259,689 8,092,187 105,836 2,832,498 5,365,525 8,198,023 338,028 2002 3/17/2021 Lake Houston Pkwy, Humble TX — (4) 2,475,909 6,539,367 9,015,276 95,516 2,475,909 6,634,883 9,110,792 447,286 2004 3/17/2021 Gosling Rd, The Woodlands TX — (4) 1,248,558 7,314,476 8,563,034 81,337 1,248,558 7,395,813 8,644,371 429,883 2002 3/17/2021 Queenston Blvd, Houston TX — (4) 778,007 5,241,798 6,019,805 114,145 778,007 5,355,943 6,133,950 319,290 2007 3/17/2021 Jim Johnson Rd, Plant City FL 8,722,000 1,176,605 20,045,758 21,222,363 49,084 1,176,605 20,094,842 21,271,447 1,347,264 2004 3/17/2021 Frelinghuysen Ave, Newark NJ — (4) 10,700,968 24,754,531 35,455,499 1,861,781 10,700,968 26,616,312 37,317,280 1,546,567 1931 3/17/2021 Redmond Fall City Rd, WA — (4) 3,874,807 7,061,417 10,936,224 104,302 3,874,807 7,165,719 11,040,526 443,033 1997 3/17/2021 Initial Cost to Company Gross Carrying Amount at December 31, 2022 Description ST Encumbrance Land Building and Total Cost Land Building and Total (1) Accumulated Date of Date Greenway Rd, Surprise AZ — (4) 1,340,075 7,587,601 8,927,676 87,372 1,340,075 7,674,973 9,015,048 446,777 2019 3/17/2021 Marshall Farms Rd, FL — (4) 1,253,081 10,931,368 12,184,449 12,214 1,253,081 10,943,582 12,196,663 593,995 2019 3/17/2021 Ardrey Kell Rd, NC — (4) 1,316,193 15,140,130 16,456,323 — 1,316,193 15,140,130 16,456,323 820,471 2018 3/17/2021 University City, NC — (4) 1,134,981 11,301,614 12,436,595 14,335 1,134,981 11,315,949 12,450,930 627,380 2017 3/17/2021 Hydraulic Rd, VA — (4) 1,846,479 16,268,290 18,114,769 2,832 1,846,479 16,271,122 18,117,601 867,689 2017 3/17/2021 Metcalf St, Escondido CA — (4) 1,018,965 18,019,171 19,038,136 158,450 1,018,965 18,177,621 19,196,586 946,495 2019 3/17/2021 Tamiami Trail, FL — (4) 2,034,608 15,764,762 17,799,370 13,746 2,034,608 15,778,508 17,813,116 875,594 1992 3/17/2021 Iroquois Shore Rd, (2) ONT 11,992,500 1,423,150 18,637,895 20,061,045 ( 1,446,109 ) (3) 1,314,804 17,300,132 18,614,936 863,228 2020 4/16/2021 Van Buren Blvd, CA — 3,705,043 6,511,602 10,216,645 255,935 3,705,043 6,767,537 10,472,580 414,447 1996 5/27/2021 Alameda Pkwy, CO — (4) 2,134,320 14,750,963 16,885,283 352,899 2,134,320 15,103,862 17,238,182 564,837 1998 10/19/2021 Algonquin Rd, Algonquin IL — (4) 717,325 17,439,376 18,156,701 211,176 717,325 17,650,552 18,367,877 516,204 1987 2/8/2022 Pell Cir, Sacramento CA — (4) 1,796,664 22,828,895 24,625,559 167,122 1,796,664 22,996,017 24,792,681 483,354 1981 5/10/2022 St. Johns Commons Rd, FL — (4) 1,099,464 14,432,172 15,531,636 64,721 1,099,464 14,496,893 15,596,357 270,182 2017 5/17/2022 Mills Station Rd, Sacramento CA — (4) 2,685,588 13,075,090 15,760,678 1,231 2,685,588 13,076,321 15,761,909 260,320 1979 6/1/2022 Happy Valley Rd, Phoenix AZ — (4) 542,935 9,132,940 9,675,875 10,021 542,935 9,142,961 9,685,896 168,415 1941 6/1/2022 West Rd, Houston TX — (4) 1,310,537 16,908,880 18,219,417 2,700 1,310,537 16,911,580 18,222,117 302,348 2018 6/1/2022 Capitol Dr, Milwaukee WI — (4) 1,065,590 11,782,373 12,847,963 78,826 1,065,590 11,861,199 12,926,789 216,250 1996 6/1/2022 Bothell Everett, Mill Creek WA — (4) 4,814,088 28,674,527 33,488,615 241,791 4,814,088 28,916,318 33,730,406 594,238 2003 6/1/2022 12th Ave, Homestead FL — (4) 1,607,054 32,909,667 34,516,721 16,865 1,607,054 32,926,532 34,533,586 568,497 2019 6/1/2022 16900 State Rd, Lutz FL — (4) 2,674,729 26,985,047 29,659,776 — 2,674,729 26,985,047 29,659,776 471,954 2019 6/1/2022 34th St, St. Petersburg FL — (4) 1,896,569 23,290,141 25,186,710 — 1,896,569 23,290,141 25,186,710 423,797 2020 6/1/2022 Durango, Las Vegas NV — (4) 2,355,229 26,030,925 28,386,154 — 2,355,229 26,030,925 28,386,154 445,180 2019 6/1/2022 93rd Ave SW, Olympia WA — (4) 2,159,298 18,458,512 20,617,810 75,777 2,159,298 18,534,289 20,693,587 353,379 2006 6/1/2022 Aurora IV CO — 1,222,564 10,445,390 11,667,954 107,697 1,222,564 10,553,087 11,775,651 169,646 2018 6/28/2022 Corporate Office CA 3,925,446 975,000 5,525,000 6,500,000 696,545 975,000 6,221,545 7,196,545 564,950 2018 1/24/2019 $ 304,757,639 $ 419,364,049 $ 1,402,876,722 $ 1,822,240,771 $ 64,964,874 $ 420,522,591 $ 1,466,683,054 $ 1,887,205,645 $ 202,682,688 (1) The aggregate cost of real estate for United States federal income tax purposes is approximately $ 1,880,795,210 (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 KeyBank Credit Facility and such equity interests were pledged as of December 31, 2022 for the benefit of the lenders thereunder. Activity in real estate facilities during 2022, 2021, and 2021 was as follows: 2022 2021 2020 Real estate facilities Balance at beginning of year $ 1,593,623,628 $ 1,210,102,582 $ 1,173,825,368 Facility acquisitions 298,341,568 371,507,610 — Impact of foreign exchange rate changes ( 12,984,154 ) ( 138,457 ) 4,147,798 Improvements and additions 8,224,603 12,151,893 32,129,416 Other facility acquisitions — 15,689,143 — Disposition due to deconsolidation — ( 15,689,143 ) — Balance at end of year $ 1,887,205,645 $ 1,593,623,628 $ 1,210,102,582 Accumulated depreciation Balance at beginning of year $ ( 155,926,875 ) $ ( 115,903,045 ) $ ( 83,692,491 ) Asset disposals — — — Depreciation expense ( 48,400,073 ) ( 40,158,233 ) ( 31,711,102 ) Disposition due to deconsolidation — 62,466 — Impact of foreign exchange rate changes 1,644,260 71,937 ( 499,452 ) Balance at end of year $ ( 202,682,688 ) $ ( 155,926,875 ) $ ( 115,903,045 ) Construction in process Balance at beginning of year $ 1,799,004 $ 1,761,303 $ 12,237,722 Net additions and assets placed into service 2,691,922 37,701 ( 10,476,419 ) Balance at end of year $ 4,490,926 $ 1,799,004 $ 1,761,303 Real estate facilities, net $ 1,689,013,883 $ 1,439,495,757 $ 1,095,960,840

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and the rules and regulations of the SEC.
Unaudited Information	Unaudited Information The square footage, unit count, and occupancy percentage data and related disclosures included in these notes to the consolidated financial statements are unaudited.
Principles of Consolidation	Principles of Consolidation Our financial statements, and the financial statements of our Operating Partnership, including its wholly-owned subsidiaries, are consolidated in the accompanying consolidated financial statements. The portion of these entities not wholly-owned by us is presented as noncontrolling interests. All intercompany accounts and transactions have been eliminated in consolidation. Strategic Storage Operating Partnership VI, L.P. (“SST VI OP”), the operating partnership of SST VI, and its wholly-owned subsidiaries, were consolidated by us until May 1, 2021. From March 10, 2021 (the date of our initial investment in SST VI OP) until May 1, 2021, the portion not wholly-owned by us was presented as noncontrolling interests, and all intercompany accounts and transactions were eliminated in consolidation during that period.
Consolidation Considerations	Consolidation Considerations Current accounting guidance provides a framework for identifying a variable interest entity (“VIE”) and determining when a company should include the assets, liabilities, noncontrolling interests, and results of activities of a VIE in its consolidated financial statements. In general, a VIE is an entity or other legal structure used to conduct activities or hold assets that either (1) has an insufficient amount of equity to carry out its principal activities without additional subordinated financial support, (2) has a group of equity owners that are unable to make significant decisions about its activities, or (3) has a group of equity owners that do not have the obligation to absorb losses or the right to receive returns generated by its operations. Generally, a VIE should be consolidated if a party with an ownership, contractual, or other financial interest in the VIE (a variable interest holder) has the power to direct the VIE’s most significant activities and the obligation to absorb losses or right to receive benefits of the VIE that could be significant to the VIE. A variable interest holder that consolidates the VIE is called the primary beneficiary. Upon consolidation, the primary beneficiary generally must initially record all of the VIE’s assets, liabilities, and noncontrolling interest at fair value and subsequently account for the VIE as if it were consolidated based on majority voting interest. Our Operating Partnership is deemed to be a VIE and is consolidated by the Company as we are currently the primary beneficiary. Our sole significant asset is our investment in our Operating Partnership; as a result, substantially all of our assets and liabilities represent those assets and liabilities of our Operating Partnership and its wholly-owned subsidiaries. From March 10, 2021 until May 1, 2021, we were deemed to be the primary beneficiary of SST VI OP, and their operations were therefore consolidated by us. Subsequent to May 1, 2021, we are no longer the primary beneficiary, and their operations are no longer consolidated by us. On March 1, 2022, Pacific Oak Holding Group, LLC, the parent company of Pacific Oak Capital Markets, LLC, the dealer manager for the public offering of SST VI, became a 10 % non-voting member of Strategic Storage Advisor VI, LLC, our advisor to SST VI (the "SST VI Advisor"). We continue to be the primary beneficiary of SST VI Advisor, and their operations therefore continue to be consolidated by us. As of December 31, 2022, we were not a party to any other material contracts or interests that would be deemed variable interests in VIEs other than our joint ventures with SmartCentres, which are all accounted for under the equity method of accounting (see Note 4 – Investments in Unconsolidated Real Estate Ventures for additional information), and our joint venture programs through which we offer our tenant insurance, tenant protection plans or similar programs (the "Tenant Protection Programs") with SST VI, SSGT III, SSGT II (through June 1, 2022) which are consolidated.
Equity Investments	Equity Investments Under the equity method, our investments are stated at cost and adjusted for our share of net earnings or losses and reduced by distributions and impairments, as applicable. Equity in earnings will generally be recognized based on our ownership interest in the earnings of each of the unconsolidated investments and recorded within the Other line item in our consolidated statements of operations.
Investments in and Advances to Managed REITs	Investments in and Advances to Managed REITs As of December 31, 2022, and 2021, we owned equity and debt investments in the Managed REITs; such amounts are included in Investments in and advances to Managed REITs within our consolidated balance sheets. We account for the equity investments using the equity method of accounting as we have the ability to exercise significant influence, but not control, over the Managed REITs’ operating and financial policies through our advisory and property management agreements with the respective Managed REITs. The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for our share of equity in the respective Managed REIT’s earnings and reduced by distributions. We record the interest on the debt investments on the accrual basis and such income is included in other in our consolidated statements of operations. See Note 10 – Related Party Transactions for additional information.
Noncontrolling Interests in Consolidated Entities	Noncontrolling Interests in Consolidated Entities We account for the noncontrolling interests in our Operating Partnership and the noncontrolling interests in SST VI Advisor and our Tenant Protection Programs joint ventures with SST VI, SSGT III, and SSGT II (prior to the SSGT II Merger on June 1, 2022) in accordance with the related accounting guidance. Due to our control through our general partnership interest in our Operating Partnership and the limited rights of the limited partners, our Operating Partnership, including its wholly-owned subsidiaries, are consolidated with the Company and the limited partner interests are reflected as noncontrolling interests in the accompanying consolidated balance sheets. We also consolidate our interests in the SSGT II and SST VI Tenant Protection Programs and present the minority interests as noncontrolling interests in the accompanying consolidated balance sheets. The noncontrolling interests shall be attributed their share of income and losses, even if that attribution results in a deficit noncontrolling interests balance .
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions. Management will adjust such estimates when facts and circumstances dictate. Actual results could materially differ from those estimates. The most significant estimates made include that of real estate acquisition valuation and the allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed at relative fair value, the evaluation of potential impairment of indefinite and long-lived assets and goodwill, and the estimated useful lives of real estate assets and intangibles.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all short-term, highly liquid investments that are readily convertible to cash with a maturity of three months or less at the time of purchase to be cash equivalents. We may maintain cash and cash equivalents in financial institutions in excess of insured limits, but believe this risk will be mitigated by only investing in or through major financial institutions.
Restricted Cash	Restricted Cash Restricted cash consists primarily of impound reserve accounts for property taxes, insurance and capital improvements in connection with the requirements of certain of our loan agreements.
Real Estate Purchase Price Allocation and Treatment of Acquisition Costs	Real Estate Purchase Price Allocation and Treatment of Acquisition Costs We account for asset acquisitions in accordance with GAAP which requires that we allocate the purchase price of a property to the tangible and intangible assets acquired and the liabilities assumed based on their relative fair values as of the date of acquisition. This guidance requires us to make significant estimates and assumptions, including fair value estimates, which requires the use of significant unobservable inputs as of the acquisition date. We engage third-party valuation specialists to assist in the determination of significant estimates and market-based assumptions used in the valuation models. The value of the tangible assets, consisting of land and buildings, is determined as if vacant. Substantially all of the leases in place at acquired properties are at market rates, as the majority of the leases are month-to-month contracts. We also consider whether in-place, market leases represent an intangible asset. We recorded approximately $ 10.5 million, $ 21.5 million, and none in intangible assets to recognize the value of in-place leases related to our acquisitions during the years ended December 31, 2022, 2021 and 2020, respectively. We do not expect, nor to date have we recorded, intangible assets for the value of customer relationships because we expect we will not have concentrations of significant customers and the average customer turnover will be fairly frequent. Allocation of purchase price to acquisitions of portfolios of facilities are allocated to the individual facilities based upon an income approach or a cash flow analysis using appropriate risk adjusted capitalization rates which take into account the relative size, age, and location of the individual facility along with current and projected occupancy and rental rate levels or appraised values, if available. Acquisitions that do not meet the definition of a business, as defined under current GAAP, are accounted for as asset acquisitions. During the years ended December 31, 2022 and 2021, our property acquisitions, including the SST IV Merger and the SSGT II merger, did not meet the definition of a business because substantially all of the fair value was concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings, and related intangible assets) and because the acquisitions did not include a substantive process in the form of an acquired workforce or an acquired contract that cannot be replaced without significant cost, effort or delay. As a result, once an acquisition is deemed probable, acquisition related transaction costs are capitalized rather than expensed. During the years ended December 31, 2022, 2021, and 2020 we expensed approximately $ 0.9 million, $ 0.9 million, and $ 1.4 million, respectively, of acquisition-related transaction costs that did not meet our capitalization policy during the respective periods.
Evaluation of Possible Impairment of Real Property Assets	Evaluation of Possible Impairment of Real Property Assets Management monitors events and changes in circumstances that could indicate that the carrying amounts of our real property assets may not be recoverable. When indicators of potential impairment are present that indicate that the carrying amounts of the assets may not be recoverable, we will assess the recoverability of the assets by determining whether the carrying value of the real property assets will be recovered through the undiscounted future operating cash flows expected from the use of the asset and its eventual disposition. In the event that such expected undiscounted future cash flows do not exceed the carrying value, we will adjust the value of the real property assets to the fair value and recognize an impairment loss. For the years ended December 31, 2022, 2021, and 2020, no real property asset impairment losses were recognized.
Goodwill Valuation	Goodwill Valuation We initially recorded goodwill as a result of the Self Administration Transaction (as defined in Note 10 – Related Party Transactions), which occurred in 2019. Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the net tangible assets and other intangible assets acquired. Goodwill is allocated to various reporting units, as applicable, and is not amortized. We perform an annual impairment test for goodwill, and between annual tests, we evaluate the recoverability of goodwill whenever events or changes in circumstances indicate that the carrying amount of goodwill may not be fully recoverable. In our impairment test of goodwill, we perform a quantitative analysis to compare the fair value of each reporting unit to its respective carrying amount. If the carrying amount of goodwill exceeds its fair value, an impairment charge will be recognized. See Note 10 – Related Party Transactions for additional information.
Trademarks	Trademarks In connection with the Self Administration Transaction, we recorded the fair value associated with the two primary trademarks acquired therein. Trademarks are based on the value of our brands. Trademarks are valued using the relief from royalty method, which presumes that without ownership of such trademarks, we would have to make a stream of payments to a brand or franchise owner in return for the right to use their name. By virtue of this asset, we avoid any such payments and record the related intangible fair value of our ownership of the brand name. As of December 31, 2022 and December 31, 2021, $ 15.7 million was recorded related to the SmartStop® Self Storage trademark, which is an indefinite lived trademark. As of December 31, 2022 and December 31, 2021, approximately $ 0.2 million and $ 0.4 million, respectively, was recorded to the “Strategic Storage ®” trademark, which is a definite lived trademark. The total estimated future amortization expense of the “Strategic Storage®” trademark asset for the years ending December 31, 2023 and 2024, is approximately $ 140,000 and $ 70,000 , respectively, and none thereafter. We qualitatively evaluate whether any triggering events or changes in circumstances have occurred subsequent to our annual impairment test that would indicate an impairment condition may exist. If any change in circumstance or triggering event occurs, and results in a significant impact to our revenue and profitability projections, or any significant assumption in our valuation methods is adversely impacted, the impact could result in a material impairment charge in the future.
Revenue Recognition	Revenue Recognition Self Storage Operations Management believes that all of our leases are operating leases. Rental income is recognized in accordance with the terms of the leases, which generally are month-to-month. Revenues from any long-term operating leases are recognized on a straight-line basis over the term of the lease. The excess of rents received over amounts contractually due pursuant to the underlying leases is included in accounts payable and accrued liabilities in our consolidated balance sheets, and contractually due but unpaid rent is included in other assets. In accordance with ASC 842, we review the collectability of lease payments on an ongoing basis. We consider collectability indicators when analyzing accounts receivable and historical bad debt levels, current economic trends, all of which assist in evaluating the probability of outstanding and future rental income collections. Additionally, we earn ancillary revenue by selling tenant insurance or tenant protection plans to customers at our properties through our Tenant Protection Programs, and to a lesser extent, through the sale of various moving and packing supplies such as locks and boxes. We recognize such revenue in the Ancillary operating revenue line within our consolidated statements of operations as the services are performed and as the goods are delivered. Managed REIT Platform We earn property management and asset management revenue, pursuant to the respective property management and advisory agreement contracts, in connection with providing services to the Managed REITs. We have determined under ASC 606 – Revenue from Contracts with Customers (“ASC 606”), that the performance obligation for the property management services and asset management services are satisfied as the services are rendered. While we are compensated for our services on a monthly basis, these services represent a series of distinct daily services in accordance with ASC 606. Such revenue is recorded in the Managed REIT Platform revenue line within our consolidated statements of operations. The Managed REITs’ advisory agreements also provide for reimbursement to us of our direct and indirect costs of providing administrative and management services to the Managed REITs. These reimbursements include costs incurred in relation to organization and offering services provided to the Managed REITs and the reimbursement of salaries, bonuses, and other expenses related to benefits paid to our employees while performing services for the Managed REITs. The Managed REITs’ property management agreements also provide reimbursement to us for the property manager’s costs of managing the properties. Reimbursable costs include wages and salaries and other expenses that arise in operating, managing and maintaining the Managed REITs’ properties. Under ASC 606, direct reimbursement of such costs does not represent a separate performance obligation from our obligation to perform property management and asset management services. The reimbursement income is considered variable consideration, and is recognized as the costs are incurred, subject to limitations on the Managed REIT Platform’s ability to incur offering costs or limitations imposed by the advisory agreements. We have elected to separately record such revenue in the Reimbursable costs from Managed REITs line within our consolidated statements of operations. Additionally, we earn revenue in connection with our Tenant Protection Programs joint ventures with our Managed REITs. We also earn development and construction management revenue from services we provide in connection with the project design, coordination and oversite of development and certain capital improvement projects undertaken by the Managed REITs. We recognize such revenue in the Managed REIT Platform revenue line within our consolidated statements of operations as the services are performed or delivered. See Note 10 – Related Party Transactions, for additional information regarding revenue generated from our Managed REIT Platform.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Tenant accounts receivable is reported net of an allowance for doubtful accounts. Management records this general allowance estimate based upon a review of the current status of accounts receivable. It is reasonably possible that management’s estimate of the allowance will change in the future . As of December 31, 2022 and 2021, approximately $ 0.7 million and $ 0.5 million were recorded to allowance for doubtful accounts, respectively, and are included within other assets in the accompanying consolidated balance sheets.
Advertising Costs	Advertising Costs Advertising costs are expensed in the period in which the cost is incurred and are included in property operating expenses and general and administrative lines within our consolidated statements of operations, depending on the nature of the expense. The Company incurred advertising costs of approximately $ 1.3 million and $ 0.7 million for the years ended December 31, 2022 and 2021, respectively, within general and administrative. The Company incurred advertising costs of approximately $ 4.4 million and $ 3.7 million for the years ended December 31, 2022 and 2021, respectively, within property operating expenses.
Real Estate Facilities	Real Estate Facilities We capitalize costs incurred to develop, construct, renovate and improve properties, including interest and property taxes incurred during the construction period. The construction period begins when expenditures for the real estate assets have been made and activities that are necessary to prepare the asset for its intended use are in progress. The construction period ends when the asset is substantially complete and ready for its intended use.
Depreciation of Real Property Assets	Depreciation of Real Property Assets Our management is required to make subjective assessments as to the useful lives of our depreciable assets. We consider the period of future benefit of the asset to determine the appropriate useful lives. Depreciation of our real property assets is charged to expense on a straight-line basis over the estimated useful lives Description Standard Land Not Depreciated Buildings 30 - 40 years Site Improvements 7 - 10 years
Depreciation of Personal Property Assets	Depreciation of Personal Property Assets Personal property assets consist primarily of furniture, fixtures and equipment and are depreciated on a straight-line basis over the estimated useful lives, generally ranging from 3 to 5 years , and are included in other assets on our consolidated balance sheets.
Intangible Assets	Intangible Assets We have allocated a portion of our real estate purchase price to in-place lease intangibles. We amortize in-place lease intangibles on a straight-line basis over the estimated future benefit period. As of December 31, 2022, the gross amount allocated to in-place lease intangibles was approximately $ 78.6 million and accumulated amortization of in-place lease intangibles totaled approximately $ 71.1 million. As of December 31, 2021, the gross amounts allocated to in-place lease intangibles were approximately $ 68.6 million and accumulated amortization of in-place lease intangibles totaled approximately $ 56.8 million. The total estimated future amortization expense of intangible assets related to our self storage properties for the years ending December 31, 2023, 2024, 2025, 2026, and thereafter is approximately $ 6.4 million, $ 0.1 million, $ 0.1 million, $ 0.1 million, and $ 0.8 million respectively. As of December 31, 2022, the gross amount of the intangible assets related to management contracts and one purchase and sale contract, which is not amortized, for a self storage property was approximately $ 9.9 million and accumulated amortization of those intangibles totaled approximately $ 1.8 million. As of December 31, 2021, the gross amount of the intangible assets related to management contracts was approximately $ 6.8 million and accumulated amortization of those intangibles totaled approximately $ 4.3 million. In connection with the SSGT II Merger, we wrote-off the carrying value of the intangible assets related to the SSGT II property management and advisory agreements. See Note 10 – Related Party Transactions for additional information. The total estimated future amortization expense related to the management contract intangible asset for the years ending December 31, 2023, 2024, and thereafter is approximately $ 55,000 , $ 55,000 , and none thereafter, respectively. We evaluate whether any triggering events or changes in circumstances have occurred subsequent to our annual impairment test that would indicate an impairment condition may exist. If any change in circumstance or triggering event occurs, and results in a significant impact to our revenue and profitability projections, or any significant assumption in our valuations methods is adversely impacted, the impact could result in a material impairment charge in the future.
Debt Issuance Costs	Debt Issuance Costs The net carrying value of costs incurred in connection with obtaining non revolving debt are presented on the balance sheet as a deduction from debt; amounts incurred related to obtaining revolving debt are included in the debt issuance costs line on our consolidated balance sheet (see Note 5 – Debt). Debt issuance costs are amortized using the effective interest method. As of December 31, 2022, the gross amount of debt issuance costs related to our revolving credit facility totaled approximately $ 4.5 million and accumulated amortization of debt issuance costs related to our revolving credit facility totaled approximately $ 2.4 million. As of December 31, 2021, the gross amount of debt issuance costs related to our revolving credit facility totaled $ 4.1 million , and accumulated amortization of debt issuance costs related to our revolving credit facility totaled $ 0.8 million. As of December 31, 2022, the gross amount allocated to debt issuance costs related to non-revolving debt totaled approximately $ 7.0 million and accumulated amortization of debt issuance costs related to non-revolving debt totaled approximately $ 2.5 million. As of December 31, 2021, the gross amount allocated to debt issuance costs related to non-revolving debt totaled approximately $ 5.8 million and accumulated amortization of debt issuance costs related to non-revolving debt totaled approximately $ 1.9 million.
Organizational and Offering Costs	Organizational and Offering Costs Through March 31, 2022, we paid our Former Dealer Manager an ongoing stockholder servicing fee that was payable monthly and accrued daily in an amount equal to 1/365th of 1% of the purchase price per share of the Class T Shares sold in the Primary Offering. In accordance with the selling agreements we entered into with respect to the sale of Class T Shares, we ceased paying the stockholder servicing fee with respect to the Class T Shares sold in the Primary Offering on the fifth anniversary of the last day of the fiscal quarter in which our Primary Offering (i.e., excluding our distribution reinvestment plan offering) terminated March 31, 2022. Our Former Dealer Manager entered into participating dealer agreements with certain other broker-dealers which authorized them to sell our shares. Upon sale of our shares by such broker-dealers, our Former Dealer Manager re-allowed all of the sales commissions and, subject to certain limitations, the stockholder servicing fees paid in connection with sales made by these broker-dealers. Our Former Dealer Manager was also permitted to re-allow to these broker-dealers a portion of their dealer manager fee as marketing fees, reimbursement of certain costs and expenses of attending training and education meetings sponsored by our Former Dealer Manager, payment of attendance fees required for employees of our Former Dealer Manager or other affiliates to attend retail seminars and public seminars sponsored by these broker-dealers, or to defray other distribution-related expenses. We recorded a liability within due to affiliates for the future estimated stockholder servicing fees at the time of sale of Class T Shares as an offering cost.
Foreign Currency Translation	Foreign Currency Translation For non-U.S. functional currency operations, assets and liabilities are translated to U.S. dollars at current exchange rates as of the reporting date. Revenues and expenses are translated at the average rates for the period. All adjustments related to amounts classified as long term net investments are recorded in accumulated other comprehensive income (loss) as a separate component of equity. Transactions denominated in a currency other than the functional currency of the related operation are recorded at rates of exchange in effect at the date of the transaction. Changes in investments not classified as long term are recorded in other income (expense) and represented a loss of approximately $ 9.6 million and a loss of approximately $ 3.8 million for the years ended December 31, 2022 and 2021, respectively.
Redeemable Common Stock	Redeemable Common Stock We adopted a share redemption program (“SRP”) that enables stockholders to sell their shares to us in limited circumstances. We have evaluated the terms of our SRP and we classify amounts that are redeemable under the SRP as redeemable common stock in the accompanying consolidated balance sheets. The maximum amount of redeemable shares under our SRP is limited to the net proceeds from the distribution reinvestment plan. However, accounting guidance states that determinable amounts that can become redeemable should be presented as redeemable when such amount is known. Therefore, the net proceeds from the distribution reinvestment plan are considered to be temporary equity and are presented as redeemable common stock in the accompanying consolidated balance sheets. In addition, current accounting guidance requires, among other things, that financial instruments that represent a mandatory obligation of us to repurchase shares be classified as liabilities and reported at settlement value. When we determine we have a mandatory obligation to repurchase shares under the SRP, we reclassify such obligations from temporary equity to a liability based upon their respective settlement values. On August 26, 2019, our board of directors approved a partial suspension of our SRP, effective as of September 27, 2019, so that common shares were redeemable at the option of the holder only in connection with (i) death or disability of a stockholder, (ii) confinement to a long-term care facility, or (iii) other exigent circumstances. In order to preserve cash in light of the uncertainty relating to COVID-19 and its potential impact on our overall financial results, on March 30, 2020, our board of directors approved the complete suspension of our SRP, effective on April 29, 2020. Due to the complete suspension, we were unable to honor redemption requests made during the quarter ended March 31, 2020 or the quarter ended June 30, 2020. On August 20, 2020, our board of directors partially reinstated the SRP, effective as of September 23, 2020. On March 7, 2022, the board of directors approved the complete suspension of the Company's SRP. See Note 12 – Commitments and Contingencies of the Notes to the Consolidated Financial Statements contained in this report for additional information. For the year ended December 31, 2022, we received redemption requests totaling approximately $ 2.4 million (approximately 0.2 million shares). Due to the complete suspension of our SRP we were unable to honor redemption requests made during the year ended December 31, 2022. For the year ended December 31, 2021, we received redemption requests totaling approximately $ 5.6 million (approximately 0.4 million shares), approximately $ 3.9 million of which were fulfilled during the year ended December 31, 2021, with the remaining approximately $ 1.7 million included in accounts payable and accrued liabilities as of December 31, 2021 and fulfilled in January 2022. For the year ended December 31, 2020, we received redemption requests totaling approximately $ 2.0 million (approximately 0.2 million shares), approximately $ 1.3 million of which were fulfilled during the year ended December 31, 2020, with the remaining approximately $ 0.7 million included in accounts payable and accrued liabilities as of December 31, 2020 and fulfilled in January 2021.
Accounting for Equity Awards	Accounting for Equity Awards We issue equity based awards in two forms: (1) restricted stock awards consisting of shares of our common stock and (2) long-term incentive plan units of our Operating Partnership (“LTIP Units”), both of which may be issued subject to either time based vesting criteria or performance based vesting criteria restrictions. For time based awards granted which contain a graded vesting schedule, compensation cost is recognized as an expense on a straight-line basis over the requisite service period as if the award was, in substance, a single award. For performance based awards, compensation cost is recognized over the requisite service period if and when we determine the performance condition is probable of being achieved. We record the cost of such equity based awards based on the grant date fair value, and have elected to record forfeitures as they occur.
Employee Benefit Plan	Employee Benefit Plan The Company terminated its relationship with a professional employer organization and began maintaining its own retirement savings plan during the year ended December 31, 2021 under Section 401(k) of the Internal Revenue Code under which eligible employees can contribute up to 100 % of their annual salary, subject to a statutory prescribed annual limit. For the year ended December 31, 2022 and 2021, the Company made matching contributions to such plan of approximately $ 0.5 million and $ 0.2 million, respectively, based on a company match of 100 % on the first 4 % of an employee’s compensation.
Fair Value Measurements	Fair Value Measurements Under GAAP, we are required to measure certain financial instruments at fair value on a recurring basis. In addition, we are required to measure other financial instruments and balances at fair value on a non-recurring basis. Fair value is defined by the accounting standard for fair value measurements and disclosures as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. It also establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels. The following summarizes the three levels of inputs and hierarchy of fair value we use when measuring fair value: • Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that we have the ability to access; • Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as interest rates and yield curves that are observable at commonly quoted intervals; and • Level 3 inputs are unobservable inputs for the assets or liabilities that are typically based on an entity’s own assumptions as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the fair value measurement will fall within the lowest level that is significant to the fair value measurement in its entirety. The accounting guidance for fair value measurements and disclosures provides a framework for measuring fair value and establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In determining fair value, we will utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as consider counterparty credit risk in our assessment of fair value. Considerable judgment will be necessary to interpret Level 2 and 3 inputs in determining fair value of our financial and non-financial assets and liabilities. Accordingly, there can be no assurance that the fair values we will present will be indicative of amounts that may ultimately be realized upon sale or other disposition of these assets. Financial and non-financial assets and liabilities measured at fair value on a non-recurring basis in our consolidated financial statements consist of real estate and related liabilities assumed related to our acquisitions along with the assets and liabilities described in Note 3 – Real Estate Facilities. The fair values of these assets and liabilities were determined as of the acquisition dates using widely accepted valuation techniques, including (i) discounted cash flow analysis, which considers, among other things, leasing assumptions, growth rates, discount rates and terminal capitalization rates, (ii) income capitalization approach, which considers prevailing market capitalization rates, and (iii) comparable sales activity. Additionally, certain such assets and liabilities are required to be fair valued periodically or valued pursuant to ongoing fair value requirements and impairment analyses and have been valued subsequently utilizing the same techniques noted above. In general, we consider multiple valuation techniques when measuring fair values. However, in certain circumstances, a single valuation technique may be appropriate. All of the fair values of the assets and liabilities as of the acquisition dates were derived using Level 3 inputs. The carrying amounts of cash and cash equivalents, restricted cash, other assets, accounts payable and accrued liabilities, distributions payable and amounts due to affiliates approximate fair value. The table below summarizes the carrying amounts and fair values of financial instruments that are not carried at fair value as of December 31, 2022 and 2021. The estimated fair value of financial instruments is subjective in nature and is dependent on a number of important assumptions, including discount rates and relevant comparable market information associated with each financial instrument. The fair value of our fixed and variable rate debt was estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (categorized within Level 2 of the fair value hierarchy). The use of different market assumptions and estimation methodologies may have a material effect on the reported estimated fair value amounts. As of December 31, 2022 and 2021, we believe the carrying amounts of our variable rate debt are reasonably estimated at their notional amounts as there have been minimal changes to the fixed spread portion of interest rates for similar loans observed in the market, and as the variable portion of our interest rates fluctuate with the associated market indices. December 31, 2022 December 31, 2021 Fair Value Carrying Value Fair Value Carrying Value Fixed Rate Secured Debt $ 410,600,000 $ 442,672,020 $ 353,600,000 $ 340,967,113 During the years ended December 31, 2022 and 2021, we held interest rate swaps, interest rate caps, and net investment hedges to hedge our interest rate and foreign currency exposure (See Notes 5 – Debt and 7 – Derivative Instruments). The valuations of these instruments were determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivative. The analyses reflect the contractual terms of the derivatives, including the period to maturity, and used observable market-based inputs, including interest rate curves, foreign exchange rates, and implied volatilities. The fair value of the interest rate swaps were determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash payments. Our fair values of our net investment hedges are based primarily on the change in the spot rate at the end of the period as compared with the strike price at inception. To comply with GAAP, we incorporate credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of derivative contracts for the effect of non-performance risk, we consider the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. Although we had determined that the majority of the inputs used to value our derivatives were within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilized Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by us and our counterparties. However, through December 31, 2022, we had assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and determined that the credit valuation adjustments were not significant to the overall valuation of our derivatives. As a result, we determined that our derivative valuations in their entirety were classified in Level 2 of the fair value hierarchy.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities We record all derivatives on our balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. We may enter into derivative contracts that are intended to economically hedge certain of our risks, even though hedge accounting does not apply or we elect not to apply hedge accounting. For derivatives designated as net investment hedges, the effective portion of changes in the fair value of the derivatives are reported in accumulated other comprehensive income (loss). The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. Amounts are reclassified out of other comprehensive (loss) income ("OCI") into earnings (loss) when the hedged net investment is either sold or substantially liquidated.
Income Taxes	Income Taxes We made an election to be taxed as a Real Estate Investment Trust (“REIT”), under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the “Code”), commencing with our taxable year ended December 31, 2014. To qualify as a REIT, we must continue to meet certain organizational and operational requirements, including a requirement to distribute at least 90 % of the REIT’s taxable income to stockholders (which is computed without regard to the dividends paid deduction or net capital gains and which does not equal net income as calculated in accordance with GAAP). For income tax purposes, distributions to common stockholders are characterized as ordinary dividends, capital gain dividends, or as nontaxable distributions. To the extent that we make a distribution in excess of our current or accumulated earnings and profits, the distribution will be a non-taxable return of capital, reducing the tax basis in each U.S. stockholder’s shares, and the amount of each distribution in excess of a U.S. stockholder’s tax basis in its shares will be taxable as gain realized from the sale of its shares. As a REIT, we generally will not be subject to U.S. federal income tax on taxable income that we distribute to our stockholders. If we fail to qualify as a REIT in any taxable year, we will then be subject to U.S. federal income taxes on our taxable income at regular corporate rates and will not be permitted to qualify for treatment as a REIT for U.S. federal income tax purposes for four years following the year during which qualification is lost unless the IRS grants us relief under certain statutory provisions. Such an event could materially adversely affect our net income and net cash available for distribution to stockholders. However, we believe that we are organized and operate in such a manner as to qualify for treatment as a REIT and intend to operate in the foreseeable future in such a manner that we will remain qualified as a REIT for U.S. federal income tax purposes. Even if we continue to qualify for taxation as a REIT, we may be subject to certain state, local, and foreign taxes on our income and property, and federal income and excise taxes on our undistributed income. We filed an election to treat our taxable REIT subsidiaries ("TRS") as a taxable REIT subsidiary effective January 1, 2014. In general, our TRS performs additional services for our customers and provides the advisory and property management services to the Managed REITs and otherwise generally engages in any real estate or non-real estate related business. The TRS is subject to corporate federal and state income tax. We account for deferred income taxes using the asset and liability method and recognize deferred tax assets and liabilities for the expected future tax consequences of events that have been included in our financial statements or tax returns. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Any increase or decrease in the deferred tax liability that results from a change in circumstances, and that causes a change in our judgment about expected future tax consequences of events, is included in the tax provision when such changes occur. Deferred income taxes also reflect the impact of operating loss and tax credit carryforwards. A valuation allowance is provided if we believe it is more likely than not that all or some portion of the deferred tax asset will not be realized. Any increase or decrease in the valuation allowance that results from a change in circumstances, and that causes a change in our judgment about the realizability of the related deferred tax asset, is included in the tax provision when such changes occur. Uncertain tax positions may arise where tax laws may allow for alternative interpretations or where the timing of recognition of income is subject to judgment. Under ASC Topic 740, tax positions are evaluated for recognition using a more–likely–than–not threshold, and those tax positions requiring recognition are measured at the largest amount of tax benefit that is greater than 50 percent likely of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. Interest and penalties relating to uncertain tax positions will be recognized in income tax expense when incurred. As of December 31, 2022 and 2021, the Company had no uncertain tax positions. As of December 31, 2022 and 2021, the Company had no interest or penalties related to uncertain tax positions. Income taxes payable are classified within accounts payable and accrued liabilities in the consolidated balance sheets. The tax years 2018-2021 remain open to examination by the major taxing jurisdictions to which we are subject.
Concentration	Concentration No single self storage customer represents a significant concentration of our revenues. For the month of December 2022, approximately 23.0 %, 20.1 %, and 9.8 % of our rental income was concentrated in Florida, California, and the Greater Toronto Area of Canada, respectively. Our properties within the aforementioned geographic areas are dispersed therein, operating in multiple different regions and sub-markets.
Segment Reporting	Segment Reporting Our business is composed of two reportable segments: (i) self storage operations and (ii) the Managed REIT Platform business. Please see Note 9 – Segment Disclosures for additional detail.
Convertible Preferred Stock	Convertible Preferred Stock We classify our Series A Convertible Preferred Stock (as defined in Note 6 – Preferred Equity) on our consolidated balance sheets using the guidance in ASC 480‑10‑S99. Our Series A Convertible Preferred Stock can be redeemed by us on or after the fifth anniversary of its issuance, or if certain events occur, such as the listing of our common stock on a national securities exchange, a change in control, or if a redemption would be required to maintain our REIT status. Additionally, if we do not maintain our REIT status the holder can require redemption. As the shares are contingently redeemable, and under certain circumstances not solely within our control, we have classified our Series A Convertible Preferred Stock as temporary equity. We have analyzed whether the conversion features in our Series A Convertible Preferred Stock should be bifurcated under the guidance in ASC 815‑10 and have determined that bifurcation is not necessary.
Per Share Data	Per Share Data Basic earnings per share attributable to our common stockholders for all periods presented are computed by dividing net income (loss) attributable to our common stockholders by the weighted average number of common shares outstanding during the period, excluding unvested restricted stock. Diluted earnings per share is computed by including the dilutive effect of the conversion of all potential common stock equivalents (which includes unvested restricted stock, Series A Convertible Preferred Stock, Class A and Class A-1 OP Units, and LTIP Units) and accordingly, as applicable, adjusting net income to add back any changes in earnings that reduce earnings per common share in the period associated with the potential common stock equivalents. The computation of earnings per common share is as follows for the periods presented: For the Year Ended December 31, 2022 2021 2020 Net income (loss) $ 21,669,452 $ ( 19,564,718 ) $ ( 51,206,803 ) Net (income) loss attributable to ( 2,847,572 ) 2,663,123 6,901,931 Net income (loss) attributable to 18,821,880 ( 16,901,595 ) ( 44,304,872 ) Less: Distributions to preferred ( 12,500,000 ) ( 12,500,000 ) ( 10,049,522 ) Less: Distributions to participating ( 285,796 ) ( 246,109 ) ( 135,836 ) Net income (loss) attributable to 6,036,084 ( 29,647,704 ) ( 54,490,230 ) Net income (loss) attributable to $ 6,036,084 $ ( 29,647,704 ) $ ( 54,490,230 ) Weighted average common shares Average number of common 91,939,172 79,438,374 59,616,407 Unvested LTIP Units — — — Unvested restricted stock awards 117,266 — — Average number of common 92,056,438 79,438,374 59,616,407 Earnings per common share: Basic $ 0.07 $ ( 0.37 ) $ ( 0.91 ) Diluted $ 0.07 $ ( 0.37 ) $ ( 0.91 ) The following table presents the weighted average Series A Convertible Preferred Stock, Class A and Class A-1 OP Units, unvested LTIP Units, and unvested restricted stock awards, that were excluded from the computation of diluted earnings per share above as their effect would have been antidilutive for the respective periods, and was calculated using the two-class, treasury stock or if-converted method, as applicable: For the Year Ended December 31, 2022 2021 2020 Equivalent Shares Equivalent Shares Equivalent Shares Class A and Class A-1 OP Units 11,667,696 10,097,549 9,095,029 Series A Convertible Preferred Stock 18,761,726 18,761,726 14,917,110 LTIP Units 392,856 179,344 46,449 Restricted Stock Awards — 105,476 81,290 30,822,278 29,144,095 24,139,878
Recently Adopted/Issued Accounting Guidance	Recently Adopted Accounting Guidance In August 2020, the FASB issued ASU 2020-06, "Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)." The new guidance simplifies the accounting for convertible instruments and amends the guidance for the derivatives scope exception for contracts in an entity’s own equity. Additionally, this standard amends the related earnings per share guidance. The guidance in ASU 2020-06 became effective for fiscal years beginning after December 15, 2021. The Company has evaluated and determined that this standard did not have a material impact on the consolidated financial statements. In December 2022, the FASB issued ASU 2022-06, "Reference Rate Reform (Topic 848)." ASU 2022-06 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. We elected to apply expedients related to contract modifications, changes in critical terms, and our assessments of effectiveness for designated hedged risks as qualifying changes are made to applicable debt and derivative contracts. Application of these expedients on such qualifying changes maintains the consistency of our presentation of debt and derivative contracts.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Estimated Useful Lives used to Depreciate Real Property Assets	Depreciation of our real property assets is charged to expense on a straight-line basis over the estimated useful lives Description Standard Land Not Depreciated Buildings 30 - 40 years Site Improvements 7 - 10 years
Summary of Fixed Rate Notes Payable	The table below summarizes the carrying amounts and fair values of financial instruments that are not carried at fair value as of December 31, 2022 and 2021. The estimated fair value of financial instruments is subjective in nature and is dependent on a number of important assumptions, including discount rates and relevant comparable market information associated with each financial instrument. The fair value of our fixed and variable rate debt was estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities (categorized within Level 2 of the fair value hierarchy). The use of different market assumptions and estimation methodologies may have a material effect on the reported estimated fair value amounts. As of December 31, 2022 and 2021, we believe the carrying amounts of our variable rate debt are reasonably estimated at their notional amounts as there have been minimal changes to the fixed spread portion of interest rates for similar loans observed in the market, and as the variable portion of our interest rates fluctuate with the associated market indices. December 31, 2022 December 31, 2021 Fair Value Carrying Value Fair Value Carrying Value Fixed Rate Secured Debt $ 410,600,000 $ 442,672,020 $ 353,600,000 $ 340,967,113
Schedule of Computation of Earnings Per Common Share	The computation of earnings per common share is as follows for the periods presented: For the Year Ended December 31, 2022 2021 2020 Net income (loss) $ 21,669,452 $ ( 19,564,718 ) $ ( 51,206,803 ) Net (income) loss attributable to ( 2,847,572 ) 2,663,123 6,901,931 Net income (loss) attributable to 18,821,880 ( 16,901,595 ) ( 44,304,872 ) Less: Distributions to preferred ( 12,500,000 ) ( 12,500,000 ) ( 10,049,522 ) Less: Distributions to participating ( 285,796 ) ( 246,109 ) ( 135,836 ) Net income (loss) attributable to 6,036,084 ( 29,647,704 ) ( 54,490,230 ) Net income (loss) attributable to $ 6,036,084 $ ( 29,647,704 ) $ ( 54,490,230 ) Weighted average common shares Average number of common 91,939,172 79,438,374 59,616,407 Unvested LTIP Units — — — Unvested restricted stock awards 117,266 — — Average number of common 92,056,438 79,438,374 59,616,407 Earnings per common share: Basic $ 0.07 $ ( 0.37 ) $ ( 0.91 ) Diluted $ 0.07 $ ( 0.37 ) $ ( 0.91 )
Summary of Antidilutive Shares Excluded from Computation of Earnings per Share	The following table presents the weighted average Series A Convertible Preferred Stock, Class A and Class A-1 OP Units, unvested LTIP Units, and unvested restricted stock awards, that were excluded from the computation of diluted earnings per share above as their effect would have been antidilutive for the respective periods, and was calculated using the two-class, treasury stock or if-converted method, as applicable: For the Year Ended December 31, 2022 2021 2020 Equivalent Shares Equivalent Shares Equivalent Shares Class A and Class A-1 OP Units 11,667,696 10,097,549 9,095,029 Series A Convertible Preferred Stock 18,761,726 18,761,726 14,917,110 LTIP Units 392,856 179,344 46,449 Restricted Stock Awards — 105,476 81,290 30,822,278 29,144,095 24,139,878

Real Estate Facilities (Tables)

Real Estate Facilities (Tables)	12 Months Ended
	Dec. 31, 2022
Summary of Activity in Real Estate Facilities	The following summarizes the activity in real estate facilities during the years ended December 31, 2022 and 2021: Real estate facilities Balance at December 31, 2020 $ 1,210,102,582 Facilities acquired through merger with SST IV 324,344,636 Facility acquisitions 47,162,974 Impact of foreign exchange rate changes ( 138,457 ) Improvements and additions (1) 12,151,893 Acquisitions, additions and other (2) 15,689,143 Disposition due to deconsolidation (2) ( 15,689,143 ) Balance at December 31, 2021 1,593,623,628 Facilities acquired through merger with SSGT II 228,359,718 Other facility acquisitions (3) 69,981,850 Impact of foreign exchange rate changes ( 12,984,154 ) Improvements and additions (4) 8,224,603 Balance at December 31, 2022 $ 1,887,205,645 Accumulated depreciation Balance at December 31, 2020 $ ( 115,903,045 ) Depreciation expense ( 40,158,233 ) Disposition due to deconsolidation (2) 62,466 Impact of foreign exchange rate changes 71,937 Balance at December 31, 2021 ( 155,926,875 ) Depreciation expense ( 48,400,073 ) Impact of foreign exchange rate changes 1,644,260 Balance at December 31, 2022 $ ( 202,682,688 ) (1) Included herein is an addition to our Riverview, Florida property of approximately $ 2.3 million, which added 25,400 net rentable square feet and approximately 150 additional units, and opened in June of 2021. The remainder consists primarily of solar panel installations, LED lighting conversions, and other general capital improvements. (2) Such activity primarily represents the acquisition of a property completed by SST VI OP, which as of the acquisition date was consolidated within our consolidated financial statements. On May 1, 2021, we deconsolidated SST VI OP as we were no longer the primary beneficiary, which resulted in the removal of such facility from our consolidated balance sheet. Our investment in SST VI OP is now included within “Investments in and advances to managed REITs” within our consolidated balance sheet. (3) Such amount includes four individual property acquisitions completed during the year ended December 31, 2022. (4) Included herein consists of approximately $ 1.0 million of solar panel installations, the remainder being comprised of other general capital improvements.
Summary of Relative Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the relative fair values of the assets acquired and liabilities assumed in the SST IV Merger: Assets Acquired: Land $ 54,385,560 Buildings 257,618,228 Site improvements 12,340,848 Construction in progress 1,467,090 Intangible assets 20,052,449 Investments in real estate joint ventures 17,495,254 Cash and cash equivalents, and restricted cash 7,763,490 Other assets 4,145,394 Total assets acquired $ 375,268,313 Liabilities assumed: Debt (1) $ 81,165,978 Accounts payable and other liabilities 8,074,162 Total liabilities assumed $ 89,240,140 Total net assets acquired $ 286,028,173 (1) Debt assumed includes approximately $ 40.5 million of debt on the KeyBank SST IV CMBS Loan, a $ 0.1 million fair market value discount on such debt, and the approximately $ 40.8 million SST IV TCF Loan. See Note 5 – Debt for additional information.
Summary of Purchase Price Allocation for Acquisitions	The following table summarizes our purchase price allocation for the real estate related assets acquired during the year ended December 31, 2022 : Acquisition Acquisition Real Estate Intangibles Total (1) 2022 (2) 2022 (2)(3) Algonquin, IL 2/8/2022 $ 18,156,701 $ 849,414 $ 19,006,115 $ 1,256,278 $ 759,563 Sacramento II, CA 5/10/2022 24,625,559 754,564 25,380,123 906,035 483,837 St Johns, FL 5/17/2022 15,531,636 773,279 16,304,915 681,421 485,119 SSGT II (4) 6/1/2022 228,359,718 7,732,962 (5) 236,092,680 8,788,369 6,183,805 Aurora IV, CO 6/28/2022 11,667,954 343,779 12,011,733 421,840 242,475 $ 298,341,568 $ 10,453,998 $ 308,795,566 $ 12,053,943 $ 8,154,799 (1) The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid including capitalized acquisition costs. (2) The operating results of the self storage properties acquired during the year ended December 31, 2022 have been included in our consolidated statements of operations since their respective acquisition dates. (3) Net operating income excludes corporate general and administrative expenses, interest expenses, depreciation, amortization and acquisition related expenses. (4) This acquisition consisted of ten properties, three in Florida, one in Wisconsin, two in Washington, one in Texas, one in California, one in Arizona, and one in Nevada. Other assets and liabilities were also acquired in this acquisition, which are not described immediately above; refer to the disclosure within this footnote to the financial statements further above for additional information. (5) This represents the value of the in place lease intangible assets acquired in the SSGT II Merger, and excludes the approximately $ 8.0 million of value assigned to a purchase and sale agreement contract intangible asset acquired in the SSGT II Merger related to a property in San Gabriel, California.
Strategic Storage Trust IV, Inc.
Summary of Reconciles Total Consideration Transferred	The following table reconciles the total consideration transferred in the SST IV Merger: Fair Value of Consideration Common stock issued $ 231,412,470 Cash (1) 54,250,000 Other 365,703 Total Consideration Transferred $ 286,028,173 (1) The approximately $ 54.3 million in cash was primarily used to pay off approximately $ 54.0 million of SST IV debt that we did not assume in the SST IV Merger, as well as approximately $ 0.3 million in transaction costs.
SSGT II Merger Agreement
Summary of Reconciles Total Consideration Transferred	The following table reconciles the total consideration transferred in the SSGT II Merger: Fair value of consideration: Common stock issued $ 168,791,577 Cash (1) 76,300,006 Preexisting investments in and advances to SSGT II (2) 16,066,930 Total consideration $ 261,158,513 (1) The approximately $ 76.3 million in cash was primarily used to pay off approximately $ 75.1 million of SSGT II's debt that we did not assume in the SSGT II Merger, as well as approximately $ 1.2 million in transaction costs. (2) Upon our acquisition of SSGT II, we recorded a gain of approximately $ 16.1 million to record the then fair market value of our special limited partnership interest in SSGT II operating partnership.
Summary of Relative Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the relative fair values of the assets acquired and liabilities assumed in the SSGT II Merger: Assets Acquired: Land $ 21,111,616 Buildings 201,026,974 Site improvements 6,221,128 Construction in process 252,925 Intangible assets (1) 15,688,002 Investments in real estate joint ventures 7,394,539 Cash and cash equivalents, and restricted cash 10,759,283 Other assets 847,359 Total assets acquired $ 263,301,826 Liabilities assumed: Total liabilities assumed (2) $ 2,143,313 Total net assets acquired $ 261,158,513 (1) Approximately $ 8.0 million of the intangible assets acquired relates to the value of a purchase and sale agreement for the acquisition of a property in San Gabriel, CA that we assumed in the SSGT II Merger. The remainder of the intangible asset relates to value ascribed to the in-place leases on the properties acquired. (2) Liabilities assumed represents accounts payable and other liabilities.

Investments in Unconsolidated_2

Investments in Unconsolidated Real Estate Ventures (Tables)	12 Months Ended
	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 Carrying Value 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.

Self Administration Transaction

Self Administration Transaction (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Summary of Relative Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the relative fair values of the assets acquired and liabilities assumed in the SST IV Merger: Assets Acquired: Land $ 54,385,560 Buildings 257,618,228 Site improvements 12,340,848 Construction in progress 1,467,090 Intangible assets 20,052,449 Investments in real estate joint ventures 17,495,254 Cash and cash equivalents, and restricted cash 7,763,490 Other assets 4,145,394 Total assets acquired $ 375,268,313 Liabilities assumed: Debt (1) $ 81,165,978 Accounts payable and other liabilities 8,074,162 Total liabilities assumed $ 89,240,140 Total net assets acquired $ 286,028,173 (1) Debt assumed includes approximately $ 40.5 million of debt on the KeyBank SST IV CMBS Loan, a $ 0.1 million fair market value discount on such debt, and the approximately $ 40.8 million SST IV TCF Loan. See Note 5 – Debt for additional information.

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Summarized Real Estate Secured Debt	Our debt is summarized as follows: Loan December 31, December 31, Interest Maturity KeyBank CMBS Loan (1) $ 92,784,412 $ 94,459,583 3.89 % 8/1/2026 KeyBank Florida CMBS Loan (2) 51,555,279 52,000,000 4.65 % 5/1/2027 Midland North Carolina CMBS Loan (3) — 45,758,741 CMBS Loan (4) 104,000,000 104,000,000 5.00 % 2/1/2029 SST IV CMBS Loan (5) 40,500,000 40,500,000 3.56 % 2/1/2030 SST IV TCF Loan (6) — 40,782,500 Credit Facility Term Loan - USD (7) 250,000,000 250,000,000 6.00 % 3/17/2026 Credit Facility Revolver - USD (7) 368,201,288 233,201,288 6.05 % 3/17/2024 2032 Private Placement Notes (7) 150,000,000 — 4.53 % 4/19/2032 Oakville III BMO Loan (8) (9) 11,992,500 12,795,250 6.99 % 5/16/2024 Ladera Office Loan 3,925,448 4,014,185 4.29 % 11/1/2026 Premium (discount) on secured debt, net ( 93,147 ) 234,604 Debt issuance costs, net ( 4,493,824 ) ( 3,879,296 ) Total debt $ 1,068,371,956 $ 873,866,855 (1) This fixed rate loan encumbers 29 properties (Whittier, La Verne, Santa Ana, Upland, La Habra, Monterey Park, Huntington Beach, Chico, Lancaster I, Riverside, Fairfield, Lompoc, Santa Rosa, Federal Heights, Aurora, Littleton, Bloomingdale, Crestwood, Forestville, Warren I, Sterling Heights, Troy, Warren II, Beverly, Everett, Foley, Tampa, Boynton Beach, and Lancaster II) with monthly interest only payments until September 2021, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts. (2) This fixed rate loan encumbers five properties (Pompano Beach, Lake Worth, Jupiter, Royal Palm Beach, and Delray) with monthly interest only payments until June 2022, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts. (3) This fixed rate loan previously encumbered 11 properties (Asheville I, Arden, Asheville II, Hendersonville I, Asheville III, Asheville IV, Asheville V, Asheville VI, Asheville VII, Asheville VIII, and Hendersonville II) with monthly interest only payments until September 2019, at which time both interest and principal payments became due monthly. This loan was fully defeased on May 19, 2022 for approximately $ 47.9 million, inclusive of loan defeasance costs. In connection with this loan defeasance, we recorded a net loss on extinguishment of debt of approximately $ 2.4 million. (4) This fixed rate, interest only loan encumbers 10 properties (Myrtle Beach I, Myrtle Beach II, Port St. Lucie, Plantation, Sonoma, Las Vegas I, Las Vegas II, Las Vegas III, Ft Pierce, Nantucket Island). The separate assets of these encumbered properties are not available to pay our other debts. (5) On March 17, 2021, in connection with the SST IV Merger, we assumed a $ 40.5 million fixed rate CMBS financing with KeyBank as the initial lender pursuant to a mortgage loan (the “SST IV CMBS Loan”). This fixed rate loan encumbers seven properties owned by us (Jensen Beach, Texas City, Riverside, Las Vegas IV, Puyallup, Las Vegas V, and Plant City). The separate assets of these encumbered properties are not available to pay our February 1, 2030 . Monthly payments due under the loan agreement (the “SST IV CMBS Loan Agreement”) are interest only, with the full principal amount becoming due and payable on the maturity date. (6) On March 17, 2021, in connection with the SST IV Merger, we assumed a term loan with TCF National Bank, a national banking association (“TCF”), as lead arranger and administrative agent for up to $ 40.8 million (the “SST IV TCF Loan”). The SST IV TCF Loan was secured by a first mortgage on each of the Ocoee Property, the Ardrey Kell Property, the Surprise Property, the Escondido Property, and the Punta Gorda Property (the “SST IV TCF Properties”). This loan was fully paid off on April 28, 2022 in the amount of $ 40.8 million. There were no prepayment penalties for this pay off. (7) For additional information regarding this loan, see below (8) On April 15, 2021, we purchased the Oakville III Property. We partially financed the Oakville III property acquisition with a loan from Bank of Montreal (the “Oakville III BMO Loan”), which is secured by a first lien on the Oakville III property. The loan is denominated in Canadian dollars and the proceeds from the loan were approximately CAD $ 16.3 million. The interest only loan is prepayable at any time without penalty, and bears interest at a rate of 2.25 % + CDOR. (9) The amounts shown above are in USD based on the foreign exchange rate in effect as of the date presented.
Future Principal Payment Requirements on Outstanding Debt	The following table presents the future principal payment requirements on outstanding debt as of December 31, 2022: 2023 $ 2,639,404 2024 382,928,683 2025 2,869,187 2026 341,916,098 2027 48,105,555 2028 and thereafter 294,500,000 Total payments 1,072,958,927 Premium on secured debt, net ( 93,147 ) Debt issuance costs, net ( 4,493,824 ) Total $ 1,068,371,956

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Derivative Financial Instruments	The following table summarizes the terms of our derivative financial instruments as of December 31, 2022: Notional Strike Effective Date or Maturity Date Interest Rate Derivatives: SOFR Cap $ 125,000,000 1.75 % June 1, 2022 June 30, 2023 SOFR Cap $ 125,000,000 2.00 % June 1, 2022 June 28, 2024 SOFR Cap $ 100,000,000 4.75 % December 1, 2022 December 1, 2025 SOFR Cap $ 100,000,000 4.75 % December 1, 2022 December 2, 2024 SOFR Cap $ 100,000,000 4.75 % December 1, 2022 December 2, 2024 Foreign Currency Forwards: Denominated in CAD (1) $ 125,925,000 1.2593 April 12, 2021 April 12, 2023 Denominated in CAD (1) $ 137,680,000 1.3768 October 12, 2022 October 12, 2023 (1) Notional amounts shown are denominated in CAD. The following table summarizes the terms of our derivative financial instruments as of December 31, 2021: Notional Strike Effective Date or Assumed Maturity Date Interest Rate Swap: LIBOR Swap $ 235,000,000 1.79 % June 15, 2019 February 15, 2022 Foreign Currency Forwards: Denominated in CAD (1) $ 125,925,000 1.2593 April 12, 2021 April 12, 2023 Denominated in CAD (1) $ 122,020,000 1.2202 May 6, 2021 April 12, 2022 (1) Notional amounts shown are denominated in CAD
Schedule of Fair Value of Derivative Financial Instruments and Classification In Consolidated Balance Sheets	The following table presents the fair value of our derivative financial instruments as well as their classification on our consolidated balance sheets as of December 31, 2022 and 2021: Asset/Liability Derivatives Fair Value Balance Sheet Location December 31, December 31, Interest Rate Derivatives Accounts payable and accrued liabilities $ — $ 490,341 Other assets $ 9,681,298 $ — Foreign Currency Hedges Other assets $ 6,971,265 $ 4,261,100 Accounts payable and accrued liabilities $ ( 1,776,371 ) $ —
Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Operations	The following table presents the effect of our derivative financial instruments on our consolidated statements of operations for the periods presented: Gain (loss) recognized in OCI Location of amounts reclassified from OCI into income Gain (loss) reclassified from OCI Type 2022 2021 2022 2021 2020 Interest Rate Swaps $ ( 2,793 ) $ ( 124,163 ) Interest expense $ ( 304,670 ) $ ( 3,818,917 ) $ ( 3,557,950 ) Interest Rate Caps 4,480,001 ( 955 ) Interest expense ( 139,888 ) ( 473,148 ) ( 371,051 ) Foreign Currency Forwards 3,354,899 ( 394,417 ) N/A — — — $ 7,832,107 $ ( 519,535 ) $ ( 444,558 ) $ ( 4,292,065 ) $ ( 3,929,001 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Summary of the Company's Income Tax Expense (Benefit)	The following is a summary of the Company's income tax expense (benefit) for the years ended December 31, 2022, 2021, and 2020: For the year ended December 31, 2022 Federal State Canadian Total Current $ 170,874 $ 27,020 $ 320,639 $ 518,533 Deferreds ( 499,077 ) ( 76,050 ) ( 498,191 ) $ ( 1,073,318 ) Total $ ( 328,203 ) $ ( 49,030 ) $ ( 177,552 ) $ ( 554,785 ) For the year ended December 31, 2021 Federal State Canadian Total Current $ 182,034 $ 32,559 $ — $ 214,593 Deferreds ( 1,750,248 ) ( 266,704 ) ( 8,916 ) ( 2,025,868 ) Total $ ( 1,568,214 ) $ ( 234,145 ) $ ( 8,916 ) $ ( 1,811,275 ) For the year ended December 31, 2020 Federal State Canadian Total Current $ 30,713 $ 69,760 $ — $ 100,473 Deferreds ( 3,071,502 ) ( 915,804 ) ( 1,939,425 ) $ ( 5,926,731 ) Total $ ( 3,040,789 ) $ ( 846,044 ) $ ( 1,939,425 ) $ ( 5,826,258 )
Schedule of Income Tax Expense (Benefit) Reconciled to the Hypothetical Amounts Computed at the U.S. Federal Statutory Income Tax Rate	Income tax expense (benefit) is reconciled to the hypothetical amounts computed at the U.S. federal statutory income tax rate for the years ended December 31, 2022, 2021, and 2020: Year Ended Rate Expected tax at statutory rate $ 4,434,080 21.0 % Non-taxable REIT (income) loss ( 4,610,750 ) - 21.8 % State and local income tax expense - net of federal benefit ( 38,734 ) - 0.2 % Foreign income taxed at different rates 47,180 0.2 % Change in valuation allowance ( 416,953 ) - 2.0 % Other 30,392 0.1 % Total income tax expense (benefit) $ ( 554,785 ) - 2.6 % Year Ended Rate Expected tax at statutory rate $ ( 4,489,427 ) 21.0 % Non-taxable REIT (income) loss 2,655,349 - 12.4 % State and local income tax expense - net of federal benefit ( 185,137 ) 0.9 % Foreign income taxed at different rates ( 69,318 ) 0.3 % Change in valuation allowance 400,146 - 1.9 % Other ( 122,888 ) 0.6 % Total income tax expense (benefit) $ ( 1,811,275 ) 8.5 % Year Ended Rate Expected tax at statutory rate $ ( 11,976,943 ) 21.0 % Non-taxable REIT (income) loss 8,553,281 - 15.0 % State and local income tax expense - net of federal benefit ( 788,915 ) 1.4 % Foreign income taxed at different rates 47,180 - 0.1 % Change in valuation allowance ( 1,939,425 ) 3.4 % Other 278,564 - 0.5 % Total income tax expense (benefit) $ ( 5,826,258 ) 10.2 %
Schedule of Deferred Tax Assets and Liabilities	The major sources of temporary differences that give rise to the deferred tax effects are shown below: December 31, December 31, Deferred tax liabilities: Intangible contract assets ( 30,184 ) ( 605,473 ) Canadian real estate ( 10,123,376 ) ( 10,166,453 ) Total deferred tax liability ( 10,153,560 ) ( 10,771,926 ) Deferred tax assets: Other 90,563 — Canadian non-capital losses 7,935,309 6,717,033 Total deferred tax assets 8,025,872 6,717,033 Valuation allowance ( 4,077,932 ) ( 3,664,367 ) Net deferred tax liabilities $ ( 6,205,620 ) $ ( 7,719,260 )

Segment Disclosures (Tables)

Segment Disclosures (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Summary of Reportable Segments	The following tables summarize information for the reportable segments for the periods presented: Year Ended December 31, 2022 Managed REIT Corporate Self Storage Platform and Other Total Revenues: Self storage rental revenue $ 191,749,578 $ — $ — $ 191,749,578 Ancillary operating revenue 8,445,803 — — 8,445,803 Managed REIT Platform revenue — 7,819,216 — 7,819,216 Reimbursable costs from Managed REITs — 4,628,497 — 4,628,497 Total revenues 200,195,381 12,447,713 — 212,643,094 Operating expenses: Property operating expenses 58,437,110 — — 58,437,110 Managed REIT Platform expense — 2,485,290 — 2,485,290 Reimbursable costs from Managed REITs — 4,628,497 — 4,628,497 General and administrative — — 28,253,905 28,253,905 Depreciation 48,503,743 — 913,936 49,417,679 Intangible amortization expense 14,728,148 472,706 — 15,200,854 Acquisition expenses 888,009 — — 888,009 Contingent earnout adjustment — 1,514,447 — 1,514,447 Write-off of equity interest and preexisting — 2,049,682 — 2,049,682 Total operating expenses 122,557,010 11,150,622 29,167,841 162,875,473 Gain on equity interests upon acquisition — 16,101,237 — 16,101,237 Income (loss) from operations 77,638,371 17,398,328 ( 29,167,841 ) 65,868,858 Other income (expense): Interest expense ( 41,339,401 ) — ( 172,510 ) ( 41,511,911 ) Net loss on extinguishment of debt ( 2,393,475 ) — — ( 2,393,475 ) Other, net ( 209,578 ) 155,332 ( 794,559 ) ( 848,805 ) Income tax (expense) benefit 36,197 563,053 ( 44,465 ) 554,785 Net income (loss) $ 33,732,114 $ 18,116,713 $ ( 30,179,375 ) $ 21,669,452 Year Ended December 31, 2021 Managed REIT Corporate Self Storage Platform and Other Total Revenues: Self storage rental revenue $ 150,610,337 $ — $ — $ 150,610,337 Ancillary operating revenue 7,552,597 — — 7,552,597 Managed REIT Platform revenue — 6,322,970 — 6,322,970 Reimbursable costs from Managed REITs — 4,278,667 — 4,278,667 Total revenues 158,162,934 10,601,637 — 168,764,571 Operating expenses: Property operating expenses 48,127,657 — — 48,127,657 Managed REIT Platform expense — 1,451,166 — 1,451,166 Reimbursable costs from Managed REITs — 4,278,667 — 4,278,667 General and administrative — — 23,265,196 23,265,196 Depreciation 40,203,484 — 742,922 40,946,406 Intangible amortization expense 11,134,100 1,288,105 — 12,422,205 Acquisition expenses 934,838 — — 934,838 Contingent earnout adjustment — 12,619,744 — 12,619,744 Write-off of equity interest and preexisting — 8,389,573 — 8,389,573 Total operating expenses 100,400,079 28,027,255 24,008,118 152,435,452 Gain on sale of real estate 178,631 — — 178,631 Income (loss) from operations 57,941,486 ( 17,425,618 ) ( 24,008,118 ) 16,507,750 Other income (expense): Interest expense ( 33,207,310 ) — ( 176,294 ) ( 33,383,604 ) Net loss on extinguishment of debt ( 2,444,788 ) — — ( 2,444,788 ) Other, net ( 173,245 ) ( 602,403 ) ( 1,279,703 ) ( 2,055,351 ) Income tax (expense) benefit ( 193,604 ) 2,004,879 — 1,811,275 Net income (loss) $ 21,922,539 $ ( 16,023,142 ) $ ( 25,464,115 ) $ ( 19,564,718 ) Year Ended December 31, 2020 Managed REIT Corporate Self Storage Platform and Other Total Revenues: Self storage rental revenue $ 104,888,883 $ — $ — $ 104,888,883 Ancillary operating revenue 5,286,042 — — 5,286,042 Managed REIT Platform revenue — 8,048,630 — 8,048,630 Reimbursable costs from Managed REITs — 5,800,808 — 5,800,808 Total revenues 110,174,925 13,849,438 — 124,024,363 Operating expenses: Property operating expenses 38,305,199 — — 38,305,199 Managed REIT Platform expense — 2,806,921 — 2,806,921 Reimbursable costs from Managed REITs — 5,800,808 — 5,800,808 General and administrative — — 16,471,199 16,471,199 Depreciation 31,773,526 — 521,101 32,294,627 Intangible amortization expense 5,234,312 4,542,804 — 9,777,116 Acquisition expenses 1,366,092 — — 1,366,092 Contingent earnout adjustment — ( 2,500,000 ) — ( 2,500,000 ) Impairment of goodwill and intangible assets — 36,465,732 — 36,465,732 Impairment of investments in Managed REITs — 4,376,879 — 4,376,879 Total operating expenses 76,679,129 51,493,144 16,992,300 145,164,573 Operating income (loss) 33,495,796 ( 37,643,706 ) ( 16,992,300 ) ( 21,140,210 ) Other income (expense): Interest expense ( 35,864,227 ) — ( 189,085 ) ( 36,053,312 ) Other, net ( 783,189 ) 1,222,086 ( 278,436 ) 160,461 Income tax (expense) benefit 2,491,215 3,335,043 — 5,826,258 Net loss $ ( 660,405 ) $ ( 33,086,577 ) $ ( 17,459,821 ) $ ( 51,206,803 )
Summary of Total Assets by Segment	The following table summarizes our total assets by segment: Segments December 31, 2022 December 31, 2021 Self Storage (1) $ 1,820,922,309 $ 1,546,835,094 Managed REIT Platform (2) 65,433,006 21,707,326 Corporate and Other 60,862,072 49,750,356 Total assets (3) $ 1,947,217,387 $ 1,618,292,776 (1) Included in the assets of the Self Storage segment as of December 31, 2022 and 2021 were approximately $ 52.2 million and $ 49.8 million of goodwill, respectively. Additionally, as of December 31, 2022 we had never recorded any impairment charges to goodwill within the Self Storage segment. (2) Included in the assets of the Managed REIT Platform segment as of December 31, 2022 and 2021, were approximately $ 1.4 million and $ 3.9 million of goodwill, respectively. Such goodwill is net of previous impairment charges in the Managed REIT Platform segment of approximately $ 24.7 million as of December 31, 2022 and 2021, which relates to the impairment charge recorded during the quarter ended March 31, 2020. (3) Other than our investments in and advances to Managed REITs, substantially all of our investments in real estate facilities and intangible assets made during the years ended December 31, 2022 and 2021 were associated with our self storage platform.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transaction [Line Items]
Summary of Related Party Costs	Pursuant to the terms of the agreements described above, the following table summarizes related party costs incurred and paid by us for the years ended December 31, 2022 and 2021, as well as any related amounts payable as of December 31, 2022 and 2021. Year Ended December 31, 2021 Year Ended December 31, 2022 Incurred Paid Payable Incurred Paid Payable Expensed Transfer Agent fees $ 967,341 $ 916,349 $ 86,992 $ 1,242,655 $ 1,260,896 $ 68,751 Additional paid-in capital Transfer Agent expenses 150,000 150,000 — 100,000 100,000 — Stockholder servicing fee (1) 161,545 636,654 156,320 53,660 209,980 — Other Other 1,155,887 814,908 340,979 — — 340,979 Total $ 2,434,773 $ 2,517,911 $ 584,291 $ 1,396,315 $ 1,570,876 $ 409,730 (1) We paid our Dealer Manager an ongoing stockholder servicing fee that is payable monthly and accrues daily in an amount equal to 1/365 th of 1% of the purchase price per share of the Class T Shares sold in the Primary Offering. The amount incurred during the years ended December 31, 2021 and 2022 represents an adjustment to the estimated stockholder servicing fee recorded at the time of the sale of the Class T Shares, based on the cessation date of such stockholder servicing fee of March 31, 2022.
Summary of Related Party Fees and Reimbursable Costs	Pursuant to the terms of the various agreements described above for the Managed REITs, the following summarizes the related party fees for the years ended December 31, 2022, 2021, and 2020: Managed REIT Platform Revenues Year Ended Year Ended Year Ended Asset Management: SST IV (1) $ — $ 716,278 $ 3,211,661 SSGT II (2) 798,395 1,843,769 1,210,529 SST VI 1,348,314 178,282 — SSGT III 145,622 — — 2,292,331 2,738,329 4,422,190 Property Management: SST IV (1) — 346,179 1,429,632 SSGT II (2) 407,706 709,533 371,751 SST VI 551,493 99,602 — SSGT III 62,426 — — 1,021,625 1,155,314 1,801,383 Tenant Protection Program: SST IV (1) — 285,959 893,315 SSGT II (2) 250,156 636,671 257,602 SST VI 396,758 158,662 — SSGT III 8,119 — — 655,033 1,081,292 1,150,917 Acquisition Fees: SST VI 1,846,168 649,623 — SSGT III 846,000 — — 2,692,168 649,623 — Other revenue (3) 1,158,059 698,412 674,140 Total Managed REIT Platform Revenue $ 7,819,216 $ 6,322,970 $ 8,048,630 (1) On March 17, 2021, we acquired SST IV and no longer earn such fees. Additionally, the Tenant Protection Program revenue for SST IV is now included in ancillary operating revenue in our consolidated statements of operations. (2) On June 1, 2022, we acquired SSGT II and no longer earn such fees. Additionally, the Tenant Protection Program revenue for SSGT II is now included in ancillary operating revenue in our consolidated statements of operations. (3) Such revenue primarily includes other property management related fees, construction management fees, development fees, and other miscellaneous revenues.
SST VI
Related Party Transaction [Line Items]
Summary of Related Party Carrying Value Of Investments In Advances	T he following table summarizes the carrying value of our investments in and advances to SST VI as of December 31, 2022 and 2021: As of December 31, Receivables: 2022 2021 Receivables and advances due $ 1,828,990 $ 801,233 Debt: SST VI Mezzanine Loan (1) 35,000,000 6,800,000 Equity: SST VI OP Units and SLP 3,221,410 4,200,905 Total investments in and advances $ 40,050,400 $ 11,802,138 (1) As of December 31, 2022 and 2021, $ 20.0 million and $ 38.2 million, respectively was available to be drawn on the SST VI Mezzanine Loan. Subsequent to December 31, 2022, on January 30, 2023, SST VI borrowed an additional $ 15.0 million on the SST VI Mezzanine Loan. Additionally, on January 30, 2023, we invested $ 15.0 million in preferred limited partnership interests in SST VI OP. Please see Note 14 – Subsequent Events, of the Notes to the Consolidated Financial Statements for more information.
SSGT III OP
Related Party Transaction [Line Items]
Summary of Related Party Carrying Value Of Investments In Advances	T he following table summarizes the carrying value our investments in and advances to SSGT III OP as of December 31, 2022 and 2021: As of December 31, Receivables: 2022 2021 Receivables and advances due $ 156,082 $ — Debt: SSGT III Mezzanine Loan (1) 17,500,000 — Equity: SSGT III OP Units and SLP 4,664,687 — Total investments in and advances $ 22,320,769 $ — (1) As of December 31, 2022, $ 17.5 million was available to be drawn on the SSGT III Mezzanine Loan. On January 26, 2023, SSGT III fully repaid the $ 17.5 million outstanding principal, plus accrued interest.

Equity Based Compensation (Tabl

Equity Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Un-Vested Share Activity	The following table summarizes our activity related to our performance based awards: Restricted Stock LTIPs Performance Based Award Grants Shares Weighted-Average Units Weighted-Average Unvested at December 31, 2020 5,752 $ 9.78 130,638 $ 9.09 Granted — — 148,387 9.30 Vested — — — — Forfeited — — ( 11,918 ) 9.09 Unvested at December 31, 2021 5,752 9.78 267,107 9.21 Granted — — 113,429 13.18 Vested — — — — Forfeited — — — — Unvested at December 31, 2022 5,752 $ 9.78 380,536 $ 10.39
Time Based Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Un-Vested Share Activity	The following table summarizes the activity related to our time based awards: Restricted Stock LTIPs Time Based Award Grants Shares Weighted-Average Units Weighted-Average Unvested at December 31, 2020 249,271 $ 9.58 160,891 $ 9.09 Granted 78,192 9.85 222,581 9.30 Vested ( 105,328 ) 9.64 ( 109,276 ) 9.20 Forfeited ( 2,189 ) 9.78 — — Unvested at December 31, 2021 219,946 9.64 274,196 9.22 Granted 60,032 14.33 181,664 13.23 Vested ( 129,498 ) 9.64 ( 165,219 ) 10.21 Forfeited ( 4,630 ) 11.76 — — Unvested at December 31, 2022 145,850 $ 11.50 290,641 $ 11.16

Organization - Additional Infor

Organization - Additional Information (Detail)

1 Months Ended

12 Months Ended

Dec. 06, 2022 $ / shares

Jun. 01, 2022 ft² RealEstateVenture State StorageFacility StorageUnit shares

Apr. 19, 2022 USD ($)

Dec. 30, 2021 StorageFacility

Oct. 07, 2021 USD ($)

Mar. 17, 2021 USD ($) ft² StorageFacility RealEstateVenture StorageUnit shares

Nov. 10, 2020 RealEstateVenture StorageFacility State

Jan. 31, 2014 USD ($)

Aug. 02, 2013 USD ($)

Jan. 31, 2017 USD ($) shares

Dec. 31, 2022 USD ($) ft² StorageFacility RealEstateVenture StorageUnit Property State shares

Dec. 31, 2021 shares

Nov. 30, 2016 shares

Organization And Nature Of Operations [Line Items]

Date of formation of company

Jan. 08, 2013

Number of self storage facilities | StorageFacility

2

153

Number of states located for self storage facilities | State

19

Shares issuable pursuant to distribution reinvestment plan

$ 95,000,000

Advisor, SS Toronto REIT Advisors, Inc., and SS Growth Advisor, LLC.

Organization And Nature Of Operations [Line Items]

Percentage of limited partnership interests

88.40%

SAM and Affiliates

Organization And Nature Of Operations [Line Items]

Percentage of limited partnership interests owned by noncontrolling owners

11.60%

Strategic Storage Operating Partnership II, L.P.

Organization And Nature Of Operations [Line Items]

Date of formation of company

Jan. 09, 2013

Advisor purchased a limited partnership interest in Operating Partnership

$ 200,000

Initial capital contribution

$ 1,000

Distribution Reinvestment Plan

Organization And Nature Of Operations [Line Items]

Common Stock, shares authorize | shares

100,900,000

Description for termination of offering

The DRP Offering may be terminated at any time upon 10 days’ prior written notice to stockholders.

Primary Offering

Organization And Nature Of Operations [Line Items]

Initial public offering commenced period description

We commenced our initial public offering in January 2014

Maximum | Primary Offering

Organization And Nature Of Operations [Line Items]

Common stock, value authorize

$ 1,000,000,000

Key Bank [Member]

Organization And Nature Of Operations [Line Items]

Outstanding balance on credit facility

$ 500,000,000

Proceeds from line of credit

451,000,000

Credit Facility Revolver

Organization And Nature Of Operations [Line Items]

Credit facility, increased commitment

$ 200,000,000

Credit facility, aggregate commitment

450,000,000

$ 450,000,000

Credit Facility Revolver | Key Bank [Member]

Organization And Nature Of Operations [Line Items]

Outstanding balance on credit facility

250,000,000

Credit facility, aggregate commitment

700,000,000

Credit Facility Revolver | Key Bank [Member] | Minimum

Organization And Nature Of Operations [Line Items]

Credit facility, increased commitment

200,000,000

Credit Facility Revolver | Key Bank [Member] | Maximum

Organization And Nature Of Operations [Line Items]

Credit facility, increased commitment

$ 450,000,000

Credit Facility Term Loan

Organization And Nature Of Operations [Line Items]

Credit facility, aggregate commitment

$ 250,000,000

Credit Facility Term Loan | Key Bank [Member]

Organization And Nature Of Operations [Line Items]

Outstanding balance on credit facility

$ 250,000,000

2032 Private Placement Notes

Organization And Nature Of Operations [Line Items]

Debt instrument, maturity date

Apr. 19, 2032

Apr. 19, 2032

[1]

Class A Common stock

Organization And Nature Of Operations [Line Items]

Common Stock, shares authorize | shares

350,000,000

350,000,000

Estimated value per common share | $ / shares

$ 15.21

Class A Common stock | Common Stock

Organization And Nature Of Operations [Line Items]

Issuance of common stock in connection with SST IV Merger (in shares) | shares

11,542,062

23,137,540

Class A Common stock | Common Stock | Distribution Reinvestment Plan

Organization And Nature Of Operations [Line Items]

Gross proceeds from issuance of common stock

$ 77,800,000

Number of common stock issued | shares

7,200,000

Class A Common stock | Common Stock | Primary Offering

Organization And Nature Of Operations [Line Items]

Number of shares issued in offering | shares

48,000,000

Gross proceeds from issuance of common stock

$ 493,000,000

Class A Common stock | 2032 Private Placement Notes

Organization And Nature Of Operations [Line Items]

Debt issued

$ 150,000,000

Debt Instrument Fixed Rate

4.53%

Class T Common stock

Organization And Nature Of Operations [Line Items]

Common Stock, shares authorize | shares

350,000,000

350,000,000

Estimated value per common share | $ / shares

$ 15.21

Class T Common stock | Common Stock | Distribution Reinvestment Plan

Organization And Nature Of Operations [Line Items]

Gross proceeds from issuance of common stock

$ 11,100,000

Number of common stock issued | shares

1,000,000

Class T Common stock | Common Stock | Primary Offering

Organization And Nature Of Operations [Line Items]

Number of shares issued in offering | shares

7,000,000

Gross proceeds from issuance of common stock

$ 73,000,000

Canada

Organization And Nature Of Operations [Line Items]

Number of self storage units | RealEstateVenture

7,740

SSGT II Merger Agreement

Organization And Nature Of Operations [Line Items]

Number of self storage facilities | StorageFacility

10

Number of states located for self storage facilities | State

7

Number of self storage units | StorageUnit

7,740

Net rentable area, primarily self storage space | ft²

853,900

Percentage of membership interest

50%

Number of unconsolidated real estate ventures | RealEstateVenture

3

Number of operating self storage facilities | Property

1

SSGT II Merger Agreement | Class A Common stock

Organization And Nature Of Operations [Line Items]

Issuance of common stock in connection with SST IV Merger (in shares) | shares

11,500,000

Number of shares exchanged in connection with merger | shares

12,700,000

SSGT II Merger Agreement | Canada

Organization And Nature Of Operations [Line Items]

Number of operating self storage facilities | RealEstateVenture

1

Number of parcels of land being developed into self storage facilities | RealEstateVenture

2

SST IV Merger Agreement

Organization And Nature Of Operations [Line Items]

Number of self storage facilities | StorageFacility

24

Number of self storage units | StorageUnit

18,000

Net rentable area, primarily self storage space | ft²

2,000,000

Percentage of membership interest

50%

Number of operating self storage facilities | Property

2

SST IV Merger Agreement | SST IV Common Stock

Organization And Nature Of Operations [Line Items]

Number of shares exchanged in connection with merger | shares

10,600,000

SST IV Merger Agreement | Class A Common stock

Organization And Nature Of Operations [Line Items]

Issuance of common stock in connection with SST IV Merger (in shares) | shares

23,100,000

SST IV Merger Agreement | Canada

Organization And Nature Of Operations [Line Items]

Number of self storage facilities | StorageFacility

24

Number of states located for self storage facilities | State

9

Number of unconsolidated real estate ventures | RealEstateVenture

6

Number of operating self storage facilities

3

3

5

Number of parcels of land being developed into self storage facilities

3

3

1

Managed REITS

Organization And Nature Of Operations [Line Items]

Number of properties owned by Managed REITs which is operated by the company | Property

19

Number of self storage units | StorageUnit

14,600

Net rentable area, primarily self storage space | ft²

1,800,000

SmartStop Asset Management

Organization And Nature Of Operations [Line Items]

Percentage of non-voting equity owned

15%

SmartStop Asset Management | Investments in Majority-owned Subsidiaries

Organization And Nature Of Operations [Line Items]

Percentage of non-voting equity owned

15%

[1] For additional information regarding this loan, see below

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) shares in Millions		12 Months Ended
	Mar. 01, 2022	Dec. 31, 2022 USD ($) Segment Trademark shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) shares
Summary Of Significant Accounting Policies [Line Items]
Payments to acquire intangible assets		$ 10,500,000	$ 21,500,000	$ 0
Business acquisition, transaction costs		900,000	900,000	1,400,000
Impairment losses of real property assets recognized		0	0	0
Indefinite lived trademark		15,911,765	16,052,941
Allowance for doubtful accounts		700,000	500,000
Gross amounts of lease intangibles		78,600,000	68,600,000
Accumulated amortization		$ 71,100,000	56,800,000
Maximum annual contributions per employee, percentage		100%
Redemptions of common stock		$ 2,400,000	$ 5,600,000	$ 2,000,000
Redemptions of common stock (in shares) | shares		0.2	0.4	0.2
Employer matching contributions, amount		$ 500,000	$ 200,000
Employer matching contribution, percent		100%
Employer matching contribution, percent of match		4%
Minimum percentage of ordinary taxable income to be distributed to stockholders		90%
Number of reportable business segments | Segment		2
Rental Income | Geographic Concentration Risk | Florida
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk Percentage1		23%
Rental Income | Geographic Concentration Risk | California
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk Percentage1		20.10%
Rental Income | Geographic Concentration Risk | Greater Toronto Area of Canada
Summary Of Significant Accounting Policies [Line Items]
Concentration Risk Percentage1		9.80%
Real Estate Investment
Summary Of Significant Accounting Policies [Line Items]
Gains (losses) on exchange rate changes in equity investments recorded in other income (expense)		$ 9,600,000	3,800,000
Class T Common stock
Summary Of Significant Accounting Policies [Line Items]
Monthly stockholder servicing fee accrual description		accrued daily in an amount equal to 1/365th of 1% of the purchase price per share
Redeemable Common Stock
Summary Of Significant Accounting Policies [Line Items]
Redemptions of common stock			1,700,000	$ 700,000
Redeemable Common Stock | Share Redemption Program
Summary Of Significant Accounting Policies [Line Items]
Redemptions of common stock			3,900,000	$ 1,300,000
Revolving Credit Facility
Summary Of Significant Accounting Policies [Line Items]
Debt issuance cost, gross		$ 4,500,000	4,100,000
Accumulated amortization of debt issuance costs		2,400,000	800,000
Non Revolving Debt
Summary Of Significant Accounting Policies [Line Items]
Debt issuance cost, gross		7,000,000	5,800,000
Accumulated amortization of debt issuance costs		2,500,000	1,900,000
Self Storage
Summary Of Significant Accounting Policies [Line Items]
Total estimated future amortization expense of intangible assets, year 2023		6,400,000
Total estimated future amortization expense of intangible assets, year 2024		100,000
Total estimated future amortization expense of intangible assets, year 2025		100,000
Total estimated future amortization expense of intangible assets, year 2026		100,000
Total estimated future amortization expense of intangible assets, thereafter		$ 800,000
Minimum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		3 years
Maximum
Summary Of Significant Accounting Policies [Line Items]
Estimated useful life		5 years
Strategic Storage Trademark
Summary Of Significant Accounting Policies [Line Items]
Trademarks acquired amount		$ 200,000	400,000
Indefinite lived trademark		15,700,000	15,700,000
Total estimated future amortization expense of intangible assets, year 2023		140,000
Total estimated future amortization expense of intangible assets, year 2024		70,000
Total estimated future amortization expense of intangible assets, thereafter		$ 0
Self Administration Transaction
Summary Of Significant Accounting Policies [Line Items]
Number of trademarks acquired | Trademark		2
Total estimated future amortization expense of intangible assets, year 2023		$ 55,000
Total estimated future amortization expense of intangible assets, year 2024		55,000
Total estimated future amortization expense of intangible assets, year 2025		0
Gross amounts of lease intangibles		9,900,000	6,800,000
Accumulated amortization		1,800,000	4,300,000
Pacific Oak Holding Group
Summary Of Significant Accounting Policies [Line Items]
Variable interest entity non-voting ownership percentage	10%
Operating Expense
Summary Of Significant Accounting Policies [Line Items]
Advertising costs		4,400,000	3,700,000
General and Administrative Expense
Summary Of Significant Accounting Policies [Line Items]
Advertising costs		$ 1,300,000	$ 700,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Estimated Useful Lives used to Depreciate Real Property Assets (Detail)	12 Months Ended
	Dec. 31, 2022
Land
Property Plant And Equipment [Line Items]
Standard Depreciable Life	Not Depreciated
Buildings | Minimum
Property Plant And Equipment [Line Items]
Standard Depreciable Life	30 years
Buildings | Maximum
Property Plant And Equipment [Line Items]
Standard Depreciable Life	40 years
Site Improvements | Minimum
Property Plant And Equipment [Line Items]
Standard Depreciable Life	7 years
Site Improvements | Maximum
Property Plant And Equipment [Line Items]
Standard Depreciable Life	10 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Fixed Rate Notes Payable (Details) - Fixed Rate Secured Debt - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value	$ 410,600,000	$ 353,600,000
Carrying Value	$ 442,672,020	$ 340,967,113

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Computation of Earnings Per Common Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 21,669,452	$ (19,564,718)	$ (51,206,803)
Net (income) loss attributable to noncontrolling interests	(2,847,572)	2,663,123	6,901,931
Net income (loss) attributable to SmartStop Self Storage REIT, Inc.	18,821,880	(16,901,595)	(44,304,872)
Less: Distributions to preferred stockholders	(12,500,000)	(12,500,000)	(10,049,522)
Less: Distributions to participating securities	(285,796)	(246,109)	(135,836)
Net income (loss) attributable to common stockholders - basic:	6,036,084	(29,647,704)	(54,490,230)
Net income (loss) attributable to common stockholders - diluted:	$ 6,036,084	$ (29,647,704)	$ (54,490,230)
Average number of common shares outstanding- basic	91,939,172	79,438,374	59,616,407
Average number of common shares outstanding- diluted	92,056,438	79,438,374	59,616,407
Earnings Per Share, Basic	$ 0.07	$ (0.37)	$ (0.91)
Earnings Per Share, Diluted	$ 0.07	$ (0.37)	$ (0.91)
Unvested LTIP Units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Equivalent Shares, included in computation of earnings per share as effect of antidilutive	0	0	0
Restricted Stock Awards
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Equivalent Shares, included in computation of earnings per share as effect of antidilutive	117,266	0	0

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Summary of Antidilutive Shares Excluded from Computation of Earnings per Share (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Equivalent Shares, excluded from computation of earnings per share as effect of antidilutive	30,822,278	29,144,095	24,139,878
Class A and Class A-1 OP Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Equivalent Shares, excluded from computation of earnings per share as effect of antidilutive	11,667,696	10,097,549	9,095,029
Series A Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Equivalent Shares, excluded from computation of earnings per share as effect of antidilutive	18,761,726	18,761,726	14,917,110
Unvested LTIP Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Equivalent Shares, excluded from computation of earnings per share as effect of antidilutive	392,856	179,344	46,449
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Equivalent Shares, excluded from computation of earnings per share as effect of antidilutive	0	105,476	81,290

Real Estate Facilities - Schedu

Real Estate Facilities - Schedule of Activity in Real Estate Facilities (Detail) - USD ($)		1 Months Ended	12 Months Ended
		Jan. 31, 2021	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Real estate facilities
Real estate facilities, beginning balance		$ 1,210,102,582	$ 1,593,623,628		$ 1,210,102,582
Facility acquisitions		371,507,610	298,341,568		47,162,974		$ 0
Impact of foreign exchange rate changes			(12,984,154)		(138,457)		4,147,798
Improvements and additions			8,224,603	[1]	12,151,893	[2]
Other facility acquisitions			69,981,850	[3]	15,689,143
Disposition due to deconsolidation	[4]				(15,689,143)
Acquisitions, additions and other	[4]				15,689,143
Real estate facilities, ending balance			1,887,205,645		1,593,623,628		1,210,102,582
Accumulated depreciation
Accumulated depreciation, beginning balance		$ (115,903,045)	(155,926,875)		(115,903,045)		(83,692,491)
Depreciation expense			(48,400,073)		(40,158,233)		(31,711,102)
Impact of foreign exchange rate changes			1,644,260		71,937		(499,452)
Disposition due to deconsolidation	[4]				62,466
Accumulated depreciation, ending balance			(202,682,688)		(155,926,875)		$ (115,903,045)
SST IV Merger Agreement
Real estate facilities
Facility acquisitions					$ 324,344,636
SSGT II Merger Agreement
Real estate facilities
Facility acquisitions			$ 228,359,718
[1] Included herein consists of approximately $ 1.0 million of solar panel installations, the remainder being comprised of other general capital improvements. Included herein is an addition to our Riverview, Florida property of approximately $ 2.3 million, which added 25,400 net rentable square feet and approximately 150 additional units, and opened in June of 2021. The remainder consists primarily of solar panel installations, LED lighting conversions, and other general capital improvements. Such amount includes four individual property acquisitions completed during the year ended December 31, 2022. Such activity primarily represents the acquisition of a property completed by SST VI OP, which as of the acquisition date was consolidated within our consolidated financial statements. On May 1, 2021, we deconsolidated SST VI OP as we were no longer the primary beneficiary, which resulted in the removal of such facility from our consolidated balance sheet. Our investment in SST VI OP is now included within “Investments in and advances to managed REITs” within our consolidated balance sheet.

Real Estate Facilities - Sche_2

Real Estate Facilities - Schedule of Activity in Real Estate Facilities (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($) Property		Dec. 31, 2021 USD ($) ft² StorageFacility
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Improvements and additions	$ 8,224,603	[1]	$ 12,151,893	[2]
Property acquired | Property	4
Solar panel installation cost	$ 1,000,000
Florida | Acquisition of Self Storage Facility Riverview
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation [Line Items]
Improvements and additions			$ 2,300,000
Rentable area added to existing self storage facility | ft²			25,400
Number of units added to existing self storage facility | StorageFacility			150
[1] Included herein consists of approximately $ 1.0 million of solar panel installations, the remainder being comprised of other general capital improvements. Included herein is an addition to our Riverview, Florida property of approximately $ 2.3 million, which added 25,400 net rentable square feet and approximately 150 additional units, and opened in June of 2021. The remainder consists primarily of solar panel installations, LED lighting conversions, and other general capital improvements.

Real Estate Facilities - Additi

Real Estate Facilities - Additional Information (Detail)										12 Months Ended
	Dec. 01, 2022 RealEstateVenture	Jun. 28, 2022 USD ($)	Jun. 01, 2022 USD ($) ft² StorageProperty State StorageFacility Landparcel StorageUnit RealEstateVenture $ / shares	May 17, 2022 USD ($)	May 10, 2022 USD ($)	Feb. 08, 2022 USD ($)	Dec. 30, 2021 StorageFacility	Mar. 17, 2021 ft² StorageUnit StorageFacility	Nov. 10, 2020 USD ($) RealEstateVenture StorageFacility State	Dec. 31, 2022 USD ($) StorageFacility RealEstateVenture Property State $ / shares	Dec. 31, 2021 $ / shares
Business Acquisition [Line Items]
Number of self storage facilities | StorageFacility							2			153
Number of states located for self storage facilities | State										19
Consideration transferred										$ 51,200,000
Minority and Marketability Discount
Business Acquisition [Line Items]
Alternative investment, measurement input			0.06						0.06
Canada
Business Acquisition [Line Items]
Number of self storage units | RealEstateVenture			7,740
SST IV Merger Agreement
Business Acquisition [Line Items]
Number of self storage facilities | StorageFacility								24
Number of self storage units | StorageUnit								18,000
Number of development joint venture properties | Property										2
Cost related to acquisition									$ 8,400,000
Percentage of voting membership interest								50%
Net rentable area, primarily self storage space | ft²								2,000,000
SST IV Merger Agreement | Canada
Business Acquisition [Line Items]
Number of self storage facilities | StorageFacility									24
Number of states located for self storage facilities | State									9
Number of self storage real estate joint ventures | RealEstateVenture									6
Number of development joint venture properties								3	3	5
Number of development real estate properties								3	3	1
Strategic Storage Trust IV, Inc.
Business Acquisition [Line Items]
Consideration transferred									$ 286,028,173
Algonquin Property [Member]
Business Acquisition [Line Items]
Consideration transferred						$ 19,000,000
Occupancy percentage						72.40%
SSGT II Merger Agreement
Business Acquisition [Line Items]
Conversion of right to receive shares, description			converted into the right to receive 0.9118 shares of our Class A Shares
Number of self storage facilities | StorageFacility			10
Number of states located for self storage facilities | State			7
Number of self storage units | StorageUnit			7,740
Number of development joint venture properties | Property										1
Cost related to acquisition			$ 2,000,000
Consideration transferred			$ 261,158,513
Common Stock, Par or Stated Value Per Share | $ / shares			$ 0.001
Percentage of voting membership interest			50%
Number of operating self storage properties | StorageProperty			2
Number of land parcel developed into self storage facility | Landparcel			1
Remaining percentage of membership interest			50%
Net rentable area, primarily self storage space | ft²			853,900
SSGT II Merger Agreement | Canada
Business Acquisition [Line Items]
Number of self storage real estate joint ventures | RealEstateVenture	3
Number of development joint venture properties | RealEstateVenture										1
Number of development real estate properties | RealEstateVenture										2
SSGT II Merger Agreement | CALIFORNIA
Business Acquisition [Line Items]
Number of land parcel developed into self storage facility | Landparcel			1
Acquisition of Self Storage Facility
Business Acquisition [Line Items]
Net rentable area, primarily self storage space | ft²			853,900
Sacramento II, CA
Business Acquisition [Line Items]
Consideration transferred					$ 25,400,000
Occupancy percentage					90.30%
St. Johns Property
Business Acquisition [Line Items]
Consideration transferred				$ 16,300,000
Occupancy percentage				94.60%
Aurora Property
Business Acquisition [Line Items]
Consideration transferred		$ 12,000,000
Occupancy percentage		82.20%
SST IV Common Stock
Business Acquisition [Line Items]
Conversion of right to receive shares, description									converted into the right to receive 2.1875 Class A Shares
Class A Common stock
Business Acquisition [Line Items]
Common Stock, Par or Stated Value Per Share | $ / shares										$ 0.001	$ 0.001
Class A Common stock | Strategic Storage Trust IV, Inc.
Business Acquisition [Line Items]
Common stock issued									$ 23,100,000
Class A Common stock | SSGT II Merger Agreement
Business Acquisition [Line Items]
Common stock issued			$ 11,500,000

Real Estate Facilities - Summar

Real Estate Facilities - Summary of Reconciles Total Consideration Transferred (Detail) - USD ($)				12 Months Ended
		Jun. 01, 2022	Nov. 10, 2020	Dec. 31, 2022
Fair Value of Consideration Transferred:
Total Consideration				$ 51,200,000
Strategic Storage Trust IV, Inc.
Fair Value of Consideration Transferred:
Common stock issued			$ 231,412,470
Cash	[1]		54,250,000
Other			365,703
Total Consideration			$ 286,028,173
SSGT II Merger Agreement
Fair Value of Consideration Transferred:
Common stock issued		$ 168,791,577
Cash	[2]	76,300,006
Other	[3]	16,066,930
Total Consideration		$ 261,158,513
[1] The approximately $ 54.3 million in cash was primarily used to pay off approximately $ 54.0 million of SST IV debt that we did not assume in the SST IV Merger, as well as approximately $ 0.3 million in transaction costs. (1) The approximately $ 76.3 million in cash was primarily used to pay off approximately $ 75.1 million of SSGT II's debt that we did not assume in the SSGT II Merger, as well as approximately $ 1.2 million in transaction costs. (2) Upon our acquisition of SSGT II, we recorded a gain of approximately $ 16.1 million to record the then fair market value of our special limited partnership interest in SSGT II operating partnership.

Real Estate Facilities - Summ_2

Real Estate Facilities - Summary of Reconciles Total Consideration Transferred (Parenthetical) (Detail) - USD ($)				12 Months Ended
		Jun. 01, 2022	Nov. 10, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 17, 2021
Business Acquisition [Line Items]
Debt Instrument Carrying Amount				$ 1,072,958,927
Business acquisition, transaction costs				$ 888,009	$ 934,838	$ 1,366,092
KeyBank SST IV CMBS Loan
Business Acquisition [Line Items]
Debt Instrument Carrying Amount							$ 40,500,000
Fair market value discount on debt		$ 16,100,000	$ 100,000
Strategic Storage Trust IV, Inc.
Business Acquisition [Line Items]
Cash consideration	[1]		54,250,000
Debt Instrument Carrying Amount			54,000,000
Business acquisition, transaction costs			$ 300,000
SSGT II Merger Agreement
Business Acquisition [Line Items]
Cash consideration	[2]	76,300,006
Debt Instrument Carrying Amount		75,100,000
Business acquisition, transaction costs		$ 1,200,000
[1] The approximately $ 54.3 million in cash was primarily used to pay off approximately $ 54.0 million of SST IV debt that we did not assume in the SST IV Merger, as well as approximately $ 0.3 million in transaction costs. (1) The approximately $ 76.3 million in cash was primarily used to pay off approximately $ 75.1 million of SSGT II's debt that we did not assume in the SSGT II Merger, as well as approximately $ 1.2 million in transaction costs.

Real Estate Facilities - Summ_3

Real Estate Facilities - Summary of Relative Fair Values of Assets Acquired and Liabilities Assumed (Detail) - USD ($)		Dec. 31, 2022		Jun. 01, 2022	Nov. 10, 2020
Assets Acquired:
Buildings		$ 298,341,568
Total assets acquired	[1]	308,795,566
Strategic Storage Trust IV, Inc.
Assets Acquired:
Land					$ 54,385,560
Buildings					257,618,228
Site improvements					12,340,848
Construction in progress					1,467,090
Intangible assets					20,052,449
Investments in real estate joint ventures					17,495,254
Cash and cash equivalents, and restricted cash					7,763,490
Other assets					4,145,394
Total assets acquired					375,268,313
Liabilities assumed:
Debt	[2]				81,165,978
Accounts payable and other liabilities					8,074,162
Total liabilities assumed					89,240,140
Total net assets acquired					$ 286,028,173
SSGT II Merger Agreement
Assets Acquired:
Land				$ 21,111,616
Buildings		228,359,718	[3]	201,026,974
Site improvements				6,221,128
Construction in progress				252,925
Intangible assets	[4]			15,688,002
Investments in real estate joint ventures				7,394,539
Cash and cash equivalents, and restricted cash				10,759,283
Other assets				847,359
Total assets acquired		$ 236,092,680	[1],[3]	263,301,826
Liabilities assumed:
Total liabilities assumed	[5]			2,143,313
Total net assets acquired				$ 261,158,513
[1] The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid including capitalized acquisition costs. Debt assumed includes approximately $ 40.5 million of debt on the KeyBank SST IV CMBS Loan, a $ 0.1 million fair market value discount on such debt, and the approximately $ 40.8 million SST IV TCF Loan. See Note 5 – Debt for additional information. This acquisition consisted of ten properties, three in Florida, one in Wisconsin, two in Washington, one in Texas, one in California, one in Arizona, and one in Nevada. Other assets and liabilities were also acquired in this acquisition, which are not described immediately above; refer to the disclosure within this footnote to the financial statements further above for additional information. (1) Approximately $ 8.0 million of the intangible assets acquired relates to the value of a purchase and sale agreement for the acquisition of a property in San Gabriel, CA that we assumed in the SSGT II Merger. The remainder of the intangible asset relates to value ascribed to the in-place leases on the properties acquired. (2) Liabilities assumed represents accounts payable and other liabilities.

Real Estate Facilities - Summ_4

Real Estate Facilities - Summary of Relative Fair Values of Assets Acquired and Liabilities Assumed (Parenthetical) (Detail) - USD ($) $ in Millions	Jun. 01, 2022	Nov. 10, 2020
SSGT II Merger Agreement
Business Acquisition [Line Items]
Intangible assets acquired	$ 8
KeyBank SST IV CMBS Loan
Business Acquisition [Line Items]
Debt		$ 40.5
Fair market value discount on debt	$ 16.1	0.1
SST IV TCF Loan
Business Acquisition [Line Items]
Debt		$ 40.8

Real Estate Facilities - Summ_5

Real Estate Facilities - Summary of Purchase Price Allocation for Real Estate Related Assets Acquired (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2022		Jun. 01, 2022
Business Acquisition [Line Items]
Real Estate Assets		$ 298,341,568
Intangibles		10,453,998
Total assets acquired	[1]	308,795,566
2022 Revenue	[2]	12,053,943
2022 Net Operating Income	[2],[3]	$ 8,154,799
Algonquin, IL
Business Acquisition [Line Items]
Acquisition Date		Feb. 08, 2022
Real Estate Assets		$ 18,156,701
Intangibles		849,414
Total assets acquired	[1]	19,006,115
2022 Revenue	[2]	1,256,278
2022 Net Operating Income	[2],[3]	$ 759,563
Sacramento II, CA
Business Acquisition [Line Items]
Acquisition Date		May 10, 2022
Real Estate Assets		$ 24,625,559
Intangibles		754,564
Total assets acquired	[1]	25,380,123
2022 Revenue	[2]	906,035
2022 Net Operating Income	[2],[3]	$ 483,837
St Johns, FL
Business Acquisition [Line Items]
Acquisition Date		May 17, 2022
Real Estate Assets		$ 15,531,636
Intangibles		773,279
Total assets acquired	[1]	16,304,915
2022 Revenue	[2]	681,421
2022 Net Operating Income	[2],[3]	$ 485,119
SSGT II
Business Acquisition [Line Items]
Acquisition Date	[4]	Jun. 01, 2022
Real Estate Assets		$ 228,359,718	[4]	$ 201,026,974
Intangibles	[4],[5]	7,732,962
Total assets acquired		236,092,680	[1],[4]	$ 263,301,826
2022 Revenue	[2],[4]	8,788,369
2022 Net Operating Income	[2],[3],[4]	$ 6,183,805
Aurora IV, CO
Business Acquisition [Line Items]
Acquisition Date		Jun. 28, 2022
Real Estate Assets		$ 11,667,954
Intangibles		343,779
Total assets acquired	[1]	12,011,733
2022 Revenue	[2]	421,840
2022 Net Operating Income	[2],[3]	$ 242,475
[1] The allocations noted above are based on a determination of the relative fair value of the total consideration provided and represent the amount paid including capitalized acquisition costs. The operating results of the self storage properties acquired during the year ended December 31, 2022 have been included in our consolidated statements of operations since their respective acquisition dates. Net operating income excludes corporate general and administrative expenses, interest expenses, depreciation, amortization and acquisition related expenses. This acquisition consisted of ten properties, three in Florida, one in Wisconsin, two in Washington, one in Texas, one in California, one in Arizona, and one in Nevada. Other assets and liabilities were also acquired in this acquisition, which are not described immediately above; refer to the disclosure within this footnote to the financial statements further above for additional information. This represents the value of the in place lease intangible assets acquired in the SSGT II Merger, and excludes the approximately $ 8.0 million of value assigned to a purchase and sale agreement contract intangible asset acquired in the SSGT II Merger related to a property in San Gabriel, California.

Real Estate Facilities - Summ_6

Real Estate Facilities - Summary of Purchase Price Allocation for Real Estate Related Assets Acquired (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
SSGT II Merger Agreement
Business Acquisition [Line Items]
Purchase And Sale Agreement Contract Intangible Asset Acquired	$ 8

Investments in Unconsolidated_3

Investments in Unconsolidated Real Estate Ventures - Additional Information (Details) $ in Millions

12 Months Ended

Jan. 12, 2023 USD ($)

Dec. 01, 2022 RealEstateVenture

Jun. 01, 2022 USD ($)

May 25, 2022 USD ($)

Apr. 30, 2021

Nov. 10, 2020 RealEstateVenture

Dec. 31, 2027 USD ($)

Dec. 31, 2026 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($) RealEstateVenture Property

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2022 CAD ($) RealEstateVenture Property

Sep. 13, 2022 CAD ($)

Jun. 01, 2022 CAD ($)

Dec. 31, 2021 CAD ($)

Oct. 07, 2021 USD ($)

Aug. 18, 2021 CAD ($)

Mar. 17, 2021 StorageFacility

Investments In Unconsolidated Real Estate Ventures [Line Items]

Equity in earnings (loss) of unconsolidated real estate ventures

$ (1,690,205)

$ (1,050,250)

$ 0

Purchase price

$ 51,200,000

Increased amount

$ 120

Initial maximum amount available

$ 700,000,000

Guarantee obligations recourse percentage

50%

50%

Forecast [Member]

Investments In Unconsolidated Real Estate Ventures [Line Items]

Fund development costs

$ 3,000,000

$ 3,000,000

$ 2,000,000

SmartCentres Storage Finance LP | Master Mortgage Commitment Agreement

Investments In Unconsolidated Real Estate Ventures [Line Items]

Outstanding amount

$ 86,100,000

52,900,000

$ 116.7

$ 67.2

Initial maximum amount available

6.80%

Maturity date

May 11, 2024

Loan to value ratio

70%

70%

Regent Property

Investments In Unconsolidated Real Estate Ventures [Line Items]

Equity method investment, ownership percentage

50%

50%

50%

Regent Property | SmartCentres Storage Finance LP

Investments In Unconsolidated Real Estate Ventures [Line Items]

Equity method investment, ownership percentage

50%

Whitby Property | Subsequent Event

Investments In Unconsolidated Real Estate Ventures [Line Items]

Equity method investment, ownership percentage

50%

Purchase Price Percentage

50%

Purchase price

$ 7,700,000

Whitby Property | SmartCentres Storage Finance LP | Subsequent Event

Investments In Unconsolidated Real Estate Ventures [Line Items]

Equity method investment, ownership percentage

50%

Canada

Investments In Unconsolidated Real Estate Ventures [Line Items]

Equity in earnings (loss) of unconsolidated real estate ventures

$ 700,000

$ 500,000

Kingspoint Ontario | SmartCentres Storage Finance LP | Master Mortgage Commitment Agreement

Investments In Unconsolidated Real Estate Ventures [Line Items]

Increased amount

$ 120

SST IV Merger Agreement

Investments In Unconsolidated Real Estate Ventures [Line Items]

Number of development joint venture properties | Property

2

2

SST IV Merger Agreement | Canada

Investments In Unconsolidated Real Estate Ventures [Line Items]

Number of self storage real estate joint ventures | RealEstateVenture

6

Number of development joint venture properties

3

5

5

3

Number of development real estate properties

3

1

1

3

Regent Property

Investments In Unconsolidated Real Estate Ventures [Line Items]

Purchase Price Percentage

50%

Purchase price

$ 3,500,000

SSGT II Merger Agreement

Investments In Unconsolidated Real Estate Ventures [Line Items]

Number of development joint venture properties | Property

1

1

Purchase price

$ 261,158,513

SSGT II Merger Agreement | SmartCentres Storage Finance LP

Investments In Unconsolidated Real Estate Ventures [Line Items]

Initial maximum amount available

$ 34.3

Guarantee obligations recourse percentage

50%

SSGT II Merger Agreement | SmartCentres Storage Finance LP | Dupont And Aurora Joint Venture Properties

Investments In Unconsolidated Real Estate Ventures [Line Items]

Interests

50%

SSGT II Merger Agreement | Canada

Investments In Unconsolidated Real Estate Ventures [Line Items]

Number of self storage real estate joint ventures | RealEstateVenture

3

Number of development joint venture properties | RealEstateVenture

1

1

Number of development real estate properties | RealEstateVenture

2

2

Investments in Unconsolidated_4

Investments in Unconsolidated Real Estate Ventures - Summary of Investments in Unconsolidated Real Estate Ventures (Details) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Investments In Unconsolidated Real Estate Ventures [Line Items]
Carrying Value of Investment		$ 28,522,082	$ 18,943,284
Dupont Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[1]	October 2019
Carrying Value of Investment	[1]	$ 4,245,434	0
East York, Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[2]	June 2020
Carrying Value of Investment	[2]	$ 6,039,951	6,393,576
Brampton, Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[2]	November 2020
Carrying Value of Investment	[2]	$ 2,166,186	2,354,346
Vaughan, Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[2]	January 2021
Carrying Value of Investment	[2]	$ 2,625,089	2,871,265
Oshawa, Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[2]	August 2021
Carrying Value of Investment	[2]	$ 1,506,798	1,801,413
Scarborough, Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[2]	November 2021
Carrying Value of Investment	[2]	$ 2,364,175	2,862,677
Aurora, Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[1]	December 2022
Carrying Value of Investment	[1]	$ 2,546,407	0
Markham Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[1]	Under Development
Carrying Value of Investment	[1]	$ 1,038,541	0
Kingspoint Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[2]	March 2023
Carrying Value of Investment	[2]	$ 3,342,969	2,660,007
Regent Ontario
Investments In Unconsolidated Real Estate Ventures [Line Items]
Date Real Estate Venture Became Operational	[3]	Under Development
Carrying Value of Investment	[3]	$ 2,646,532	$ 0
[1] These joint venture properties were acquired through the SSGT II Merger. These joint venture properties were acquired through the SST IV Merger. 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.

Debt - Schedule of Summarized R

Debt - Schedule of Summarized Real Estate Secured Debt (Detail) - USD ($)			12 Months Ended
		Apr. 19, 2022	Dec. 31, 2022		Dec. 31, 2021		Mar. 17, 2021
Debt Instrument [Line Items]
Debt Instrument Carrying Amount			$ 1,072,958,927
Debt issuance costs, net			(4,493,824)
Total debt			1,068,371,956		$ 873,866,855
SST IV CMBS Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[1]		$ 40,500,000		40,500,000
Interest rate	[1]		3.56%
Senior notes maturity date	[1]		Feb. 01, 2030
SST IV TCF Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount			$ 0	[2]	40,782,500	[2]	$ 40,800,000
Oakville III BMO Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[3],[4]		$ 11,992,500		12,795,250
Interest rate	[3],[4]		6.99%
Senior notes maturity date	[3],[4]		May 16, 2024
Ladera Office Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount			$ 3,925,448		4,014,185
Interest rate			4.29%
Senior notes maturity date			Nov. 01, 2026
Fixed Rate Secured Debt
Debt Instrument [Line Items]
Premium (discount) on secured debt, net			$ (93,147)		234,604
Debt issuance costs, net			(4,493,824)		(3,879,296)
Fixed Rate Secured Debt | KeyBank CMBS Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[5]		$ 92,784,412		94,459,583
Debt Instrument Fixed Rate	[5]		3.89%
Senior notes maturity date	[5]		Aug. 01, 2026
Fixed Rate Secured Debt | KeyBank Florida CMBS Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[6]		$ 51,555,279		52,000,000
Debt Instrument Fixed Rate	[6]		4.65%
Senior notes maturity date	[6]		May 01, 2027
Fixed Rate Secured Debt | Midland North Carolina CMBS Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[7]		$ 0		45,758,741
Fixed Rate Secured Debt | CMBS Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[8]		$ 104,000,000		104,000,000
Debt Instrument Fixed Rate	[8]		5%
Senior notes maturity date	[8]		Feb. 01, 2029
Credit Facility Term Loan | USD
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[9]		$ 250,000,000		250,000,000
Interest rate	[9]		6%
Senior notes maturity date	[9]		Mar. 17, 2026
Credit Facility Revolver | USD
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[9]		$ 368,201,288		$ 233,201,288
Interest rate	[9]		6.05%
Senior notes maturity date	[9]		Mar. 17, 2024
2032 Private Placement Notes
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	[9]		$ 150,000,000
Interest rate	[9]		4.53%
Senior notes maturity date		Apr. 19, 2032	Apr. 19, 2032	[9]
[1] On March 17, 2021, in connection with the SST IV Merger, we assumed a $ 40.5 million fixed rate CMBS financing with KeyBank as the initial lender pursuant to a mortgage loan (the “SST IV CMBS Loan”). This fixed rate loan encumbers seven properties owned by us (Jensen Beach, Texas City, Riverside, Las Vegas IV, Puyallup, Las Vegas V, and Plant City). The separate assets of these encumbered properties are not available to pay our February 1, 2030 . Monthly payments due under the loan agreement (the “SST IV CMBS Loan Agreement”) are interest only, with the full principal amount becoming due and payable on the maturity date. On March 17, 2021, in connection with the SST IV Merger, we assumed a term loan with TCF National Bank, a national banking association (“TCF”), as lead arranger and administrative agent for up to $ 40.8 million (the “SST IV TCF Loan”). The SST IV TCF Loan was secured by a first mortgage on each of the Ocoee Property, the Ardrey Kell Property, the Surprise Property, the Escondido Property, and the Punta Gorda Property (the “SST IV TCF Properties”). This loan was fully paid off on April 28, 2022 in the amount of $ 40.8 million. There were no prepayment penalties for this pay off. On April 15, 2021, we purchased the Oakville III Property. We partially financed the Oakville III property acquisition with a loan from Bank of Montreal (the “Oakville III BMO Loan”), which is secured by a first lien on the Oakville III property. The loan is denominated in Canadian dollars and the proceeds from the loan were approximately CAD $ 16.3 million. The interest only loan is prepayable at any time without penalty, and bears interest at a rate of 2.25 % + CDOR. The amounts shown above are in USD based on the foreign exchange rate in effect as of the date presented. This fixed rate loan encumbers 29 properties (Whittier, La Verne, Santa Ana, Upland, La Habra, Monterey Park, Huntington Beach, Chico, Lancaster I, Riverside, Fairfield, Lompoc, Santa Rosa, Federal Heights, Aurora, Littleton, Bloomingdale, Crestwood, Forestville, Warren I, Sterling Heights, Troy, Warren II, Beverly, Everett, Foley, Tampa, Boynton Beach, and Lancaster II) with monthly interest only payments until September 2021, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts. This fixed rate loan encumbers five properties (Pompano Beach, Lake Worth, Jupiter, Royal Palm Beach, and Delray) with monthly interest only payments until June 2022, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts. This fixed rate loan previously encumbered 11 properties (Asheville I, Arden, Asheville II, Hendersonville I, Asheville III, Asheville IV, Asheville V, Asheville VI, Asheville VII, Asheville VIII, and Hendersonville II) with monthly interest only payments until September 2019, at which time both interest and principal payments became due monthly. This loan was fully defeased on May 19, 2022 for approximately $ 47.9 million, inclusive of loan defeasance costs. In connection with this loan defeasance, we recorded a net loss on extinguishment of debt of approximately $ 2.4 million. This fixed rate, interest only loan encumbers 10 properties (Myrtle Beach I, Myrtle Beach II, Port St. Lucie, Plantation, Sonoma, Las Vegas I, Las Vegas II, Las Vegas III, Ft Pierce, Nantucket Island). The separate assets of these encumbered properties are not available to pay our other debts. For additional information regarding this loan, see below

Debt - Schedule of Summarized_2

Debt - Schedule of Summarized Real Estate Secured Debt (Parenthetical) (Detail)					12 Months Ended
		Apr. 28, 2022 USD ($)	Apr. 15, 2021 USD ($)	Mar. 17, 2021 USD ($) Property	Dec. 31, 2022 USD ($) Property		Dec. 31, 2021 USD ($)		Dec. 31, 2020 USD ($)	May 19, 2022 USD ($)
Debt Instrument [Line Items]
Debt Instrument Carrying Amount					$ 1,072,958,927
Fully repayment of debt					86,237,235		$ 422,190,754		$ 0
Net loss on extinguishment of debt					(2,393,475)		(2,444,788)		$ 0
KeyBank SST IV CMBS Loan
Debt Instrument [Line Items]
Number of properties encumbered | Property				7
Senior notes maturity date				Feb. 01, 2030
Debt Instrument Carrying Amount				$ 40,500,000
SST IV TCF Loan
Debt Instrument [Line Items]
Debt Instrument Carrying Amount				$ 40,800,000	$ 0	[1]	40,782,500	[1]
SST IV TCF Loan | SST IV Merger
Debt Instrument [Line Items]
Fully repayment of debt		$ 40,800,000
Fixed Rate Secured Debt | KeyBank CMBS Loan
Debt Instrument [Line Items]
Number of properties encumbered | Property					29
Senior notes maturity date	[2]				Aug. 01, 2026
Debt Instrument Fixed Rate	[2]				3.89%
Debt Instrument Carrying Amount	[2]				$ 92,784,412		94,459,583
Fixed Rate Secured Debt | KeyBank Property Loan
Debt Instrument [Line Items]
Number of properties encumbered | Property					5
Fixed Rate Secured Debt | Midland North Carolina CMBS Loan
Debt Instrument [Line Items]
Number of properties encumbered | Property					11
Loan defeasance costs										$ 47,900,000
Debt Instrument Carrying Amount	[3]				$ 0		45,758,741
Net loss on extinguishment of debt					$ (2,400,000)
Fixed Rate Secured Debt | CMBS Loan
Debt Instrument [Line Items]
Number of properties encumbered | Property					10
Senior notes maturity date	[4]				Feb. 01, 2029
Debt Instrument Fixed Rate	[4]				5%
Debt Instrument Carrying Amount	[4]				$ 104,000,000		$ 104,000,000
BMO Loan | Oakville III Property
Debt Instrument [Line Items]
Proceeds from line of credit			$ 16,300,000
BMO Loan | CDOR | Oakville III Property
Debt Instrument [Line Items]
Debt Instrument, Interest Rate			2.25%
[1] On March 17, 2021, in connection with the SST IV Merger, we assumed a term loan with TCF National Bank, a national banking association (“TCF”), as lead arranger and administrative agent for up to $ 40.8 million (the “SST IV TCF Loan”). The SST IV TCF Loan was secured by a first mortgage on each of the Ocoee Property, the Ardrey Kell Property, the Surprise Property, the Escondido Property, and the Punta Gorda Property (the “SST IV TCF Properties”). This loan was fully paid off on April 28, 2022 in the amount of $ 40.8 million. There were no prepayment penalties for this pay off. This fixed rate loan encumbers 29 properties (Whittier, La Verne, Santa Ana, Upland, La Habra, Monterey Park, Huntington Beach, Chico, Lancaster I, Riverside, Fairfield, Lompoc, Santa Rosa, Federal Heights, Aurora, Littleton, Bloomingdale, Crestwood, Forestville, Warren I, Sterling Heights, Troy, Warren II, Beverly, Everett, Foley, Tampa, Boynton Beach, and Lancaster II) with monthly interest only payments until September 2021, at which time both interest and principal payments became due monthly. The separate assets of these encumbered properties are not available to pay our other debts. This fixed rate loan previously encumbered 11 properties (Asheville I, Arden, Asheville II, Hendersonville I, Asheville III, Asheville IV, Asheville V, Asheville VI, Asheville VII, Asheville VIII, and Hendersonville II) with monthly interest only payments until September 2019, at which time both interest and principal payments became due monthly. This loan was fully defeased on May 19, 2022 for approximately $ 47.9 million, inclusive of loan defeasance costs. In connection with this loan defeasance, we recorded a net loss on extinguishment of debt of approximately $ 2.4 million. This fixed rate, interest only loan encumbers 10 properties (Myrtle Beach I, Myrtle Beach II, Port St. Lucie, Plantation, Sonoma, Las Vegas I, Las Vegas II, Las Vegas III, Ft Pierce, Nantucket Island). The separate assets of these encumbered properties are not available to pay our other debts.

Debt - Additional Information (

Debt - Additional Information (Detail)

12 Months Ended

Apr. 19, 2022 USD ($)

Oct. 07, 2021 USD ($)

Apr. 15, 2021 USD ($)

Mar. 17, 2021 USD ($) Property

Dec. 31, 2022 USD ($) Property

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Jun. 01, 2022 USD ($)

May 25, 2022 USD ($)

Mar. 16, 2021 USD ($)

Debt Instrument [Line Items]

Weighted average interest rate on debt

5.40%

Loss on extinguishment of debt

$ (2,393,475)

$ (2,444,788)

$ 0

Initial maximum amount available

$ 700,000,000

Number of operating properties | Property

99

Debt Instrument Carrying Amount

$ 1,072,958,927

S S G T I I Merger Agreement Member

Debt Instrument [Line Items]

Number of operating properties | Property

10

Debt Instrument Carrying Amount

$ 75,100,000

Key Bank [Member]

Debt Instrument [Line Items]

Initial maximum amount available

$ 850,000,000

$ 500,000,000

Outstanding balance on credit facility

500,000,000

Additional amount available under credit facility

350,000,000

Proceeds from line of credit

451,000,000

Minimum

Debt Instrument [Line Items]

Credit facility cross default provision amount

75,000,000

KeyBank SST IV CMBS Loan

Debt Instrument [Line Items]

Debt Instrument Carrying Amount

$ 40,500,000

Number of properties encumbered | Property

7

Debt instrument, maturity date

Feb. 01, 2030

SST IV TCF Loan

Debt Instrument [Line Items]

Number of operating properties | Property

5

Debt Instrument Carrying Amount

$ 40,800,000

$ 0

[1]

$ 40,782,500

[1]

2032 Private Placement Notes

Debt Instrument [Line Items]

Debt instrument, maturity date

Apr. 19, 2032

Aggregate principal amount of notes issued

$ 75,000,000

$ 75,000,000

Interest Accruing on Notes

5.28%

Prepayment of Notes

100%

Interest rate

4.53%

2032 Private Placement Notes | 4.53 Senior Notes [Member]

Debt Instrument [Line Items]

Debt issued

$ 150,000,000

2032 Private Placement Notes | Maximum

Debt Instrument [Line Items]

Ratio of Total Indebtedness

0.0700

Leverage Ratio

7%

2032 Private Placement Notes | Minimum

Debt Instrument [Line Items]

Ratio of Total Indebtedness

0.0100

Leverage Ratio

1%

Prepayment of Notes

5%

Midland North Carolina CMBS Loan

Debt Instrument [Line Items]

Number of operating properties | Property

11

Credit Facility Revolver

Debt Instrument [Line Items]

Line of credit facility, annual unused fee

230%

Increased the principal borrowing amount

200,000,000

Line of credit facility, current borrowing capacity

450,000,000

$ 450,000,000

Amount borrowed under the credit facility

$ 368,200,000

Credit Facility Revolver | Key Bank [Member]

Debt Instrument [Line Items]

Outstanding balance on credit facility

$ 250,000,000

Maturity date

Mar. 17, 2024

Line of credit facility, term of extension options

1 year

Debt instrument, description of variable rate basis

165 basis points spread over Daily Simple SOFR plus an additional 10 basis points (the SOFR Index Adjustment) or 30-day CDOR

Line of credit facility, current borrowing capacity

700,000,000

Credit Facility Revolver | Maximum | Key Bank [Member]

Debt Instrument [Line Items]

Line of credit facility, annual unused fee

0.25%

Increased the principal borrowing amount

450,000,000

Credit Facility Revolver | Maximum | Key Bank [Member] | Letter of Credit

Debt Instrument [Line Items]

Credit facility sublimits

$ 25,000,000

Credit Facility Revolver | Maximum | Key Bank [Member] | Swingline Loans

Debt Instrument [Line Items]

Credit facility sublimits

25,000,000

Credit Facility Revolver | Minimum | Key Bank [Member]

Debt Instrument [Line Items]

Line of credit facility, annual unused fee

0.15%

Increased the principal borrowing amount

200,000,000

Credit Facility Term Loan

Debt Instrument [Line Items]

Line of credit facility, annual unused fee

225%

Line of credit facility, current borrowing capacity

$ 250,000,000

Amount borrowed under the credit facility

$ 250,000,000

Credit Facility Term Loan | Key Bank [Member]

Debt Instrument [Line Items]

Outstanding balance on credit facility

$ 250,000,000

Maturity date

Mar. 17, 2026

Line of credit facility, term of extension options

0 years

Debt instrument, description of variable rate basis

160 basis points spread over Daily Simple SOFR (as defined in the Credit Facility Amendment) plus an additional 10 basis points (the "SOFR Index Adjustment" as defined in the Credit Facility Amendment) or 30-day Canadian dollar offered rate ("CDOR")

Credit facility agreement

Debt Instrument [Line Items]

Line of credit facility, annual unused fee

60%

Accordion Feature

Debt Instrument [Line Items]

Initial maximum amount available

1,050,000,000

Additional amount available under credit facility

$ 350,000,000

BMO Loan | Oakville III Property

Debt Instrument [Line Items]

Proceeds from line of credit

$ 16,300,000

BMO Loan | Oakville III Property | CDOR

Debt Instrument [Line Items]

Interest rate

2.25%

[1] On March 17, 2021, in connection with the SST IV Merger, we assumed a term loan with TCF National Bank, a national banking association (“TCF”), as lead arranger and administrative agent for up to $ 40.8 million (the “SST IV TCF Loan”). The SST IV TCF Loan was secured by a first mortgage on each of the Ocoee Property, the Ardrey Kell Property, the Surprise Property, the Escondido Property, and the Punta Gorda Property (the “SST IV TCF Properties”). This loan was fully paid off on April 28, 2022 in the amount of $ 40.8 million. There were no prepayment penalties for this pay off.

Debt - Future Principal Payment

Debt - Future Principal Payment Requirements on Outstanding Debt (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Long-Term Debt, Fiscal Year Maturity [Abstract]
2022	$ 2,639,404
2023	382,928,683
2024	2,869,187
2025	341,916,098
2026	48,105,555
2027 and thereafter	294,500,000
Total payments	1,072,958,927
Premium (discount) on secured debt, net	(93,147)
Debt issuance costs, net	(4,493,824)
Total debt	$ 1,068,371,956	$ 873,866,855

Preferred Equity - Additional I

Preferred Equity - Additional Information (Details)		12 Months Ended
	Oct. 29, 2019 USD ($) d $ / shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Oct. 26, 2020 USD ($)
Class Of Stock [Line Items]
Issuance costs		$ 601,345	$ 971,752	$ 656,524
Series A Convertible Preferred Stock Purchase Agreement
Class Of Stock [Line Items]
Maximum purchase commitment amount	$ 200,000,000
Initial closing amount	150,000,000	150,000,000
Second and final closing amount		$ 50,000,000			$ 50,000,000
Issuance costs	$ 3,600,000
Preferred stock, dividend rate, percentage	6.25%
Preferred stock payment description		Upon any voluntary or involuntary liquidation, dissolution or winding up of the Company, the holders of Series A Convertible Preferred Stock will be entitled to receive a payment equal to the greater of (i) aggregate purchase price of all outstanding Preferred Shares, plus any accrued and unpaid dividends (the “Liquidation Amount”) and (ii) the amount that would have been payable had the Preferred Shares been converted into common stock pursuant to the terms of the Purchase Agreement immediately prior to such liquidation.
Preferred stock redemption description		Subject to certain additional redemption rights, as described herein, we have the right to redeem the Series A Convertible Preferred Stock for cash at any time following the fifth anniversary of the Initial Closing. The amount of such redemption will be equal to the Liquidation Amount. Upon the listing of our common stock on a national securities exchange (the “Listing”), we have the right to redeem any or all outstanding Series A Convertible Preferred Stock at an amount equal to the greater of (i) the amount that would have been payable had such Preferred Shares been converted into common stock pursuant to the terms of the Purchase Agreement immediately prior to the Listing, and then all of such Preferred Shares were sold in the Listing, or (ii) the Liquidation Amount, plus a premium amount (the “Premium Amount”) of 10%, 8%, 6%, 4%, or 2% if redeemed prior to the first, second, third, fourth, or fifth anniversary dates of issuance, respectively, or 0% if redeemed thereafter, as set forth in the Articles Supplementary. Upon a change of control event, we have the right to redeem any or all outstanding Series A Convertible Preferred Stock at an amount equal to the greater of (i) the amount that would have been payable had the Preferred Shares been converted into common stock pursuant to the terms of the Purchase Agreement immediately prior to such change of control or (ii) the Liquidation Amount, plus the Premium Amount, as set forth in the Articles Supplementary. In addition, subject to certain cure provisions, if we fail to maintain our status as a real estate investment trust, the holders of Series A Convertible Preferred Stock have the right to require us to repurchase the Series A Convertible Preferred Stock at an amount equal to the Liquidation Amount with no Premium Amount.
Preferred stock redemption premium	$ 0
Preferred stock, conversion basis		Subject to our redemption rights in the event of a Listing or change of control described above, upon the earlier to occur of (i) the second anniversary of the Initial Closing or (ii) 180 days after a Listing, the holders of Series A Convertible Preferred Stock have the right to convert any or all of the Series A Convertible Preferred Stock held by such holders into common stock at a rate per share equal to the quotient obtained by dividing the Liquidation Amount by the conversion price. The conversion price is $10.66, as may be adjusted in connection with stock splits, stock dividends and other similar transactions.
Conversion price per share | $ / shares	$ 10.66
Number of days after lifting of preferred stock to common stock | d	180
Preferred stock, voting rights condition		This foregoing limited voting right shall cease when all past dividend periods have been paid in full. In addition, the affirmative vote of the holders of a majority of the outstanding shares of Series A Convertible Preferred Stock is required in certain customary circumstances, as well as other circumstances, such as (i) our real estate portfolio exceeding a leverage ratio of 60% loan-to-value, (ii) entering into certain transactions with our Executive Chairman as of the Commitment Date, or his affiliates, (iii) effecting a merger (or similar) transaction with an entity whose assets are not at least 80% self storage related and (iv) entering into any line of business other than self storage and ancillary businesses, unless such ancillary business represents revenues of less than 10% of our revenues for our last fiscal year.
Required leverage ratio of our real estate portfolio	60%
Required percentage of self storage related assets of merger entity	80%
Required ancillary business revenue to total revenue	10%
Preferred stock, investors rights agreement		In connection with the issuance of the Series A Convertible Preferred Stock, we and the Investor also entered into an investors’ rights agreement (the “Investors’ Rights Agreement”) which provides the Investor with certain customary protections, including demand registration rights and “piggyback” registration rights with respect to our common stock issued to the Investor upon conversion of the Preferred Shares.
Preferred shares outstanding | shares		200,000
Aggregate liquidation preference		$ 203,200,000
Amount of accumulated and unpaid distributions		$ 3,200,000
Series A Convertible Preferred Stock Purchase Agreement | Fifth To Tenth Anniversary
Class Of Stock [Line Items]
Dividend rate percentage of increase on preferred stock	0.75%
Series A Convertible Preferred Stock Purchase Agreement | Tenth Anniversary | Maximum
Class Of Stock [Line Items]
Preferred stock, dividend rate, percentage	9%
Series A Convertible Preferred Stock Purchase Agreement | After Tenth Anniversary
Class Of Stock [Line Items]
Dividend rate percentage of increase on preferred stock	0.75%
Series A Convertible Preferred Stock Purchase Agreement | First Anniversary
Class Of Stock [Line Items]
Premium amount over liquidation amount on redemption, percent	10%
Series A Convertible Preferred Stock Purchase Agreement | Second Anniversary
Class Of Stock [Line Items]
Premium amount over liquidation amount on redemption, percent	8%
Series A Convertible Preferred Stock Purchase Agreement | Third Anniversary
Class Of Stock [Line Items]
Premium amount over liquidation amount on redemption, percent	6%
Series A Convertible Preferred Stock Purchase Agreement | Fourth Anniversary
Class Of Stock [Line Items]
Premium amount over liquidation amount on redemption, percent	4%
Series A Convertible Preferred Stock Purchase Agreement | Fifth Anniversary
Class Of Stock [Line Items]
Premium amount over liquidation amount on redemption, percent	2%
Series A Convertible Preferred Stock Purchase Agreement | After Fifth Anniversary
Class Of Stock [Line Items]
Premium amount over liquidation amount on redemption, percent	0%

Derivative Instruments - Summar

Derivative Instruments - Summary of Derivative Financial Instruments (Detail)

12 Months Ended

Oct. 12, 2022 CAD ($)

Apr. 12, 2022 CAD ($)

May 06, 2021 CAD ($)

Apr. 12, 2021 CAD ($)

Feb. 10, 2021 CAD ($)

Dec. 31, 2022 USD ($) $ / Unit

Dec. 31, 2021 USD ($) $ / Unit

Dec. 31, 2022 CAD ($) $ / Unit

Dec. 31, 2021 CAD ($) $ / Unit

Interest Rate Swap | LIBOR Swap Effective June 15, 2019

Derivative [Line Items]

Derivative, notional amount

$ 235,000,000

Interest Rate Swaps, Strike

1.79%

1.79%

Interest Rate Swaps, Effective Date or Date Assumed

Jun. 15, 2019

Interest Rate Swaps, Maturity Date

Feb. 15, 2022

Interest Rate Cap | SOFR Cap June 30, 2023

Derivative [Line Items]

Derivative, notional amount

$ 125,000,000

Interest Rate Swaps, Strike

1.75%

1.75%

Interest Rate Swaps, Effective Date or Date Assumed

Jun. 01, 2022

Interest Rate Swaps, Maturity Date

Jun. 30, 2023

Interest Rate Cap | SOFR Cap June 28, 2024

Derivative [Line Items]

Derivative, notional amount

$ 125,000,000

Interest Rate Swaps, Strike

2%

2%

Interest Rate Swaps, Effective Date or Date Assumed

Jun. 01, 2022

Interest Rate Swaps, Maturity Date

Jun. 28, 2024

Interest Rate Cap | SOFR Cap December 1,2022

Derivative [Line Items]

Derivative, notional amount

$ 100,000,000

Interest Rate Swaps, Strike

4.75%

4.75%

Interest Rate Swaps, Effective Date or Date Assumed

Dec. 01, 2022

Interest Rate Swaps, Maturity Date

Dec. 02, 2024

Interest Rate Cap | SOFR Cap December 1, 2025

Derivative [Line Items]

Derivative, notional amount

$ 100,000,000

Interest Rate Swaps, Strike

4.75%

4.75%

Interest Rate Swaps, Effective Date or Date Assumed

Dec. 01, 2022

Interest Rate Swaps, Maturity Date

Dec. 01, 2025

Interest Rate Cap | SOFR Cap December 2, 2024

Derivative [Line Items]

Derivative, notional amount

$ 100,000,000

Interest Rate Swaps, Strike

4.75%

4.75%

Interest Rate Swaps, Effective Date or Date Assumed

Dec. 01, 2022

Interest Rate Swaps, Maturity Date

Dec. 02, 2024

Foreign Currency Forward

Derivative [Line Items]

Derivative, notional amount

$ 95,000,000

Foreign Currency Forward, Notional Amount

$ 137,700,000

$ 126,200,000

$ 122,000,000

$ 125,900,000

Foreign Currency Forward, Maturity Date

Oct. 12, 2023

Oct. 12, 2022

Apr. 12, 2022

Apr. 12, 2023

Apr. 12, 2021

Foreign Currency Forward | Denominated in CAD April 12, 2021

Derivative [Line Items]

Foreign Currency Forward, Notional Amount

$ 125,925,000

[1]

$ 125,925,000

[2]

Foreign Currency Forward, Strike | $ / Unit

1.2593

[1]

1.2593

[2]

1.2593

[1]

1.2593

[2]

Foreign Currency Forward, Effective Date or Date Assumed

Apr. 12, 2021

[1]

Apr. 12, 2021

[2]

Foreign Currency Forward, Maturity Date

Apr. 12, 2023

[1]

Apr. 12, 2023

[2]

Foreign Currency Forward | Denominated in CAD October 12, 2022

Derivative [Line Items]

Foreign Currency Forward, Notional Amount

[1]

$ 137,680,000

Foreign Currency Forward, Strike | $ / Unit

[1]

1.3768

1.3768

Foreign Currency Forward, Effective Date or Date Assumed

[1]

Oct. 12, 2022

Foreign Currency Forward, Maturity Date

[1]

Oct. 12, 2023

Foreign Currency Forward | Denominated in CAD May 6, 2021

Derivative [Line Items]

Foreign Currency Forward, Notional Amount

[2]

$ 122,020,000

Foreign Currency Forward, Strike | $ / Unit

[2]

1.2202

1.2202

Foreign Currency Forward, Effective Date or Date Assumed

[2]

May 06, 2021

Foreign Currency Forward, Maturity Date

[2]

Apr. 12, 2022

[1] Notional amounts shown are denominated in CAD. Notional amounts shown are denominated in CAD

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) $ in Millions						12 Months Ended
	Oct. 12, 2022 USD ($)	Apr. 12, 2022 USD ($)	May 06, 2021 CAD ($)	Apr. 12, 2021 USD ($)	Feb. 10, 2021 CAD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Oct. 12, 2022 CAD ($)	Apr. 12, 2022 CAD ($)	Apr. 12, 2021 CAD ($)
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Foreign currency forward contract gains (loss)	$ 8,700,000	$ 3,200,000		$ 4,500,000		$ 3,354,899
Cash flow hedges reclassified to reduce interest expense						3,200,000
Foreign Currency Forward
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, notional amount					$ 95
Foreign Currency Forward, Notional Amount			$ 122					$ 137.7	$ 126.2	$ 125.9
Foreign Currency Forward, Maturity Date	Oct. 12, 2023	Oct. 12, 2022	Apr. 12, 2022	Apr. 12, 2023	Apr. 12, 2021
Other income (expense)
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Gain (loss) on foreign currency hedge contract, ineffective portion						$ 9,500,000	$ 3,500,000

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Fair Value of Derivative Financial Instruments and Classification In Consolidated Balance Sheets (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Interest Rate Swap | Accounts payable and accrued liabilities
Derivatives Fair Value [Line Items]
Derivative fair value, liability	$ 0	$ 490,341
Interest Rate Swap | Other assets
Derivatives Fair Value [Line Items]
Derivative fair value, assets	9,681,298	0
Foreign Currency Hedges | Accounts payable and accrued liabilities
Derivatives Fair Value [Line Items]
Derivative fair value, liability	(1,776,371)	0
Foreign Currency Hedges | Other assets
Derivatives Fair Value [Line Items]
Derivative fair value, assets	$ 6,971,265	$ 4,261,100

Derivative Instruments - Summ_2

Derivative Instruments - Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	$ 7,832,107	$ (519,535)
Gain (Loss) Reclassified from OCI	(444,558)	(4,292,065)	$ (3,929,001)
Interest Rate Swaps
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	(2,793)	(124,163)
Gain (Loss) Reclassified from OCI	(304,670)	(3,818,917)	(3,557,950)
Interest Rate Caps
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	4,480,001	(955)
Gain (Loss) Reclassified from OCI	(139,888)	(473,148)	$ (371,051)
Foreign Exchange Forwards
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in OCI	$ 3,354,899	$ (394,417)

Income Taxes - Summary of the C

Income Taxes - Summary of the Company's Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current Federal income tax expense (benefit)	$ 170,874	$ 182,034	$ 30,713
Deferred Federal income tax expense (benefit)	(499,077)	(1,750,248)	(3,071,502)
Federal Income Tax Expense (benefit)	(328,203)	(1,568,214)	(3,040,789)
Current State income tax expense (benefit)	27,020	32,559	69,760
Deferred State income tax expense (benefit)	(76,050)	(266,704)	(915,804)
State income tax expense (benefit)	(49,030)	(234,145)	(846,044)
Current Canadian income tax expense (benefit)	320,639	0	0
Deferred Canadian income tax expense (benefit)	(498,191)	(8,916)	(1,939,425)
Canadian income tax expense (benefit)	(177,552)	(8,916)	(1,939,425)
Current income tax expense (benefit)	518,533	214,593	100,473
Deferred income tax expense (benefit)	(1,073,318)	(2,025,868)	(5,926,731)
Income tax expense (benefit), Total	$ (554,785)	$ (1,811,275)	$ (5,826,258)

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Expense (Benefit) Reconciled to the Hypothetical Amounts Computed at the U.S. Federal Statutory Income Tax Rate (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Expected tax at statutory rate	$ 4,434,080	$ (4,489,427)	$ (11,976,943)
Non-taxable REIT (income) loss	(4,610,750)	2,655,349	8,553,281
State and local income tax expense - net of federal benefit	(38,734)	(185,137)	(788,915)
Foreign income taxed at different rates	47,180	(69,318)	47,180
Change in valuation allowance	(416,953)	400,146	(1,939,425)
Others	30,392	(122,888)	278,564
Income tax expense (benefit), Total	$ (554,785)	$ (1,811,275)	$ (5,826,258)
Expected tax at statutory rate, Percent	21%	21%	21%
Effective Income Tax Rate Reconciliation Tax Exempt Income, Percent	(21.80%)	(12.40%)	(15.00%)
State and local tax expense - net of federal benefit, Percent	(0.20%)	0.90%	1.40%
Foreign income taxed at different rates, Percent	0.20%	0.30%	(0.10%)
Change in valuation allowance	(2.00%)	(1.90%)	3.40%
Other	0.10%	0.60%	(0.50%)
Effective Income Tax Rate Reconciliation, Percent, Total	(2.60%)	8.50%	10.20%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred tax liabilities:
Intangible contract assets	$ (30,184)	$ (605,473)
Total deferred tax liability	(10,153,560)	(10,771,926)
Deferred tax assets:
Other	90,563	0
Total deferred tax assets	8,025,872	6,717,033
Valuation allowance	(4,077,932)	(3,664,367)
Net deferred tax liabilities	(6,205,620)	(7,719,260)
Canadian Entities
Deferred tax assets:
Canadian non-capital losses	7,935,309	6,717,033
Net deferred tax liabilities	$ (10,123,376)	$ (10,166,453)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022
Earliest Tax Year
Income Tax [Line Items]
Non-capital losses expiration year	2032
Latest Tax Year
Income Tax [Line Items]
Non-capital losses expiration year	2042

Segment Disclosures - Additiona

Segment Disclosures - Additional Information (Detail)		12 Months Ended
		Dec. 31, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of reportable business segments | Segment		2
Assets	[1]	$ 1,947,217,387	$ 1,618,292,776
Self Storage
Segment Reporting Information [Line Items]
Assets	[2]	1,820,922,309	1,546,835,094
Self Storage | Canada
Segment Reporting Information [Line Items]
Assets		170,000,000	185,000,000
Revenues		$ 21,500,000	$ 19,200,000	$ 14,700,000
[1] Other than our investments in and advances to Managed REITs, substantially all of our investments in real estate facilities and intangible assets made during the years ended December 31, 2022 and 2021 were associated with our self storage platform. Included in the assets of the Self Storage segment as of December 31, 2022 and 2021 were approximately $ 52.2 million and $ 49.8 million of goodwill, respectively. Additionally, as of December 31, 2022 we had never recorded any impairment charges to goodwill within the Self Storage segment.

Segment Disclosures - Summary o

Segment Disclosures - Summary of Reportable Segments (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total revenues	$ 212,643,094	$ 168,764,571	$ 124,024,363
Operating expenses:
General and administrative	28,253,905	23,265,196	16,471,199
Depreciation	49,417,679	40,946,406	32,294,627
Intangible amortization expense	15,200,854	12,422,205	9,777,116
Acquisition expenses	888,009	934,838	1,366,092
Contingent earnout adjustment	1,514,447	12,619,744	(2,500,000)
Write-off of equity interest and preexisting relationships in SST IV upon acquisition of control	2,049,682	8,389,573
Impairment of goodwill and intangible assets			36,465,732
Impairment of investments in Managed REITs	0	0	4,376,879
Total operating expenses	162,875,473	152,435,452	145,164,573
Gain on sale of real estate	0	178,631	0
Gain resulting from acquisition of unconsolidated affiliates	16,101,237
Income (loss) from operations	65,868,858	16,507,750	(21,140,210)
Other income (expense):
Interest expense	(41,511,911)	(33,383,604)	(36,053,312)
Loss on extinguishment of debt	(2,393,475)	(2,444,788)	0
Other, net	(848,805)	(2,055,351)	160,461
Income tax (expense) benefit	554,785	1,811,275	5,826,258
Net income (loss)	21,669,452	(19,564,718)	(51,206,803)
Self Storage
Revenues:
Total revenues	200,195,381	158,162,934	110,174,925
Operating expenses:
Depreciation	48,503,743	40,203,484	31,773,526
Intangible amortization expense	14,728,148	11,134,100	5,234,312
Acquisition expenses	888,009	934,838	1,366,092
Total operating expenses	122,557,010	100,400,079	76,679,129
Gain on sale of real estate		178,631
Income (loss) from operations	77,638,371	57,941,486	33,495,796
Other income (expense):
Interest expense	(41,339,401)	(33,207,310)	(35,864,227)
Loss on extinguishment of debt	(2,393,475)	(2,444,788)
Other, net	(209,578)	(173,245)	(783,189)
Income tax (expense) benefit	36,197	(193,604)	2,491,215
Net income (loss)	33,732,114	21,922,539	(660,405)
Managed REIT Platform
Revenues:
Total revenues	12,447,713	10,601,637	13,849,438
Operating expenses:
Intangible amortization expense	472,706	1,288,105	4,542,804
Contingent earnout adjustment	1,514,447	12,619,744	(2,500,000)
Write-off of equity interest and preexisting relationships in SST IV upon acquisition of control	2,049,682	8,389,573
Impairment of goodwill and intangible assets			36,465,732
Impairment of investments in Managed REITs			4,376,879
Total operating expenses	11,150,622	28,027,255	51,493,144
Gain resulting from acquisition of unconsolidated affiliates	16,101,237
Income (loss) from operations	17,398,328	(17,425,618)	(37,643,706)
Other income (expense):
Other, net	155,332	(602,403)	1,222,086
Income tax (expense) benefit	563,053	2,004,879	3,335,043
Net income (loss)	18,116,713	(16,023,142)	(33,086,577)
Corporate and Other
Operating expenses:
General and administrative	28,253,905	23,265,196	16,471,199
Depreciation	913,936	742,922	521,101
Total operating expenses	29,167,841	24,008,118	16,992,300
Income (loss) from operations	(29,167,841)	(24,008,118)	(16,992,300)
Other income (expense):
Interest expense	(172,510)	(176,294)	(189,085)
Other, net	(794,559)	(1,279,703)	(278,436)
Income tax (expense) benefit	(44,465)
Net income (loss)	(30,179,375)	(25,464,115)	(17,459,821)
Self Storage Rental Revenue
Revenues:
Total revenues	191,749,578	150,610,337	104,888,883
Self Storage Rental Revenue | Self Storage
Revenues:
Total revenues	191,749,578	150,610,337	104,888,883
Ancillary Operating Revenue
Revenues:
Total revenues	8,445,803	7,552,597	5,286,042
Ancillary Operating Revenue | Self Storage
Revenues:
Total revenues	8,445,803	7,552,597	5,286,042
Managed REIT Platform Revenue
Revenues:
Total revenues	7,819,216	6,322,970	8,048,630
Managed REIT Platform Revenue | Managed REIT Platform
Revenues:
Total revenues	7,819,216	6,322,970	8,048,630
Reimbursable Costs from Managed REITs
Revenues:
Total revenues	4,628,497	4,278,667	5,800,808
Operating expenses:
Operating expenses	4,628,497	4,278,667	5,800,808
Reimbursable Costs from Managed REITs | Managed REIT Platform
Revenues:
Total revenues	4,628,497	4,278,667	5,800,808
Operating expenses:
Operating expenses	4,628,497	4,278,667	5,800,808
Property Operating Expenses
Operating expenses:
Operating expenses	58,437,110	48,127,657	38,305,199
Property Operating Expenses | Self Storage
Operating expenses:
Operating expenses	58,437,110	48,127,657	38,305,199
Managed REIT Platform Expenses
Operating expenses:
Operating expenses	2,485,290	1,451,166	2,806,921
Managed REIT Platform Expenses | Managed REIT Platform
Operating expenses:
Operating expenses	$ 2,485,290	$ 1,451,166	$ 2,806,921

Segment Disclosures - Summary_2

Segment Disclosures - Summary of Total Assets by Segment (Detail) - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	[1]	$ 1,947,217,387	$ 1,618,292,776
Self Storage
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	[2]	1,820,922,309	1,546,835,094
Managed REIT Platform
Segment Reporting Asset Reconciling Item [Line Items]
Total assets	[3]	65,433,006	21,707,326
Corporate and Other
Segment Reporting Asset Reconciling Item [Line Items]
Total assets		$ 60,862,072	$ 49,750,356
[1] Other than our investments in and advances to Managed REITs, substantially all of our investments in real estate facilities and intangible assets made during the years ended December 31, 2022 and 2021 were associated with our self storage platform. Included in the assets of the Self Storage segment as of December 31, 2022 and 2021 were approximately $ 52.2 million and $ 49.8 million of goodwill, respectively. Additionally, as of December 31, 2022 we had never recorded any impairment charges to goodwill within the Self Storage segment. Included in the assets of the Managed REIT Platform segment as of December 31, 2022 and 2021, were approximately $ 1.4 million and $ 3.9 million of goodwill, respectively. Such goodwill is net of previous impairment charges in the Managed REIT Platform segment of approximately $ 24.7 million as of December 31, 2022 and 2021, which relates to the impairment charge recorded during the quarter ended March 31, 2020.

Segment Disclosures - Summary_3

Segment Disclosures - Summary of Total Assets by Segment (Parenthetical) (Detail) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Asset Reconciling Item [Line Items]
Goodwill	$ 53,643,331	$ 53,643,331
Self Storage
Segment Reporting Asset Reconciling Item [Line Items]
Goodwill	52,200,000	49,800,000
Managed REIT Platform
Segment Reporting Asset Reconciling Item [Line Items]
Goodwill	1,400,000	3,900,000
Accumulated impairment charges to goodwill	$ 24,700,000	$ 24,700,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)

3 Months Ended

12 Months Ended

Dec. 20, 2022 USD ($)

Oct. 25, 2022

Aug. 09, 2022 USD ($)

Jun. 01, 2022 USD ($) StorageProperty StorageFacility

Mar. 01, 2022

Dec. 30, 2021 USD ($) StorageFacility

Nov. 12, 2021 USD ($)

Mar. 17, 2021 USD ($)

Mar. 11, 2021 USD ($)

Jun. 28, 2019 shares

Jun. 30, 2022 USD ($)

Dec. 31, 2022 USD ($) StorageFacility shares

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Aug. 29, 2022 USD ($)

May 01, 2022 USD ($)

Oct. 07, 2021 USD ($)

Apr. 16, 2021 USD ($)

Mar. 10, 2021 USD ($)

Related Party Transaction [Line Items]

Gain resulting from acquisition of unconsolidated affiliates

$ 16,101,237

Maximum dealer manager commission fee percentage of proceeds from Primary Offering

3%

Change in deferred tax liability

$ (1,073,318)

$ (2,025,869)

$ (5,926,732)

Number of self storage facilities | StorageFacility

2

153

Principal borrowing amount

$ 700,000,000

Managed REIT Platform Expenses

Related Party Transaction [Line Items]

Reimbursements payable to SAM under the Administrative Services Agreement

$ 300,000

200,000

Managed REIT Platform Revenue

Related Party Transaction [Line Items]

Percentage of revenue from tenant protection programs

0.10%

Receivables due from related parties

$ 2,000,000

1,400,000

SSGT II Merger Agreement

Related Party Transaction [Line Items]

Subordinated distribution value

$ 16,100,000

Gain resulting from acquisition of unconsolidated affiliates

$ 16,100,000

Write-off of carrying value related to intangible asset

1,400,000

Change in deferred tax liability

$ 300,000

Number of self storage facilities | StorageFacility

10

Number of operating self storage property | StorageProperty

2

Class A Common stock

Related Party Transaction [Line Items]

Sale commission fees percentage of proceed from Primary Offering

7%

Class T Common stock

Related Party Transaction [Line Items]

Sale commission fees percentage of proceed from Primary Offering

2%

Class A-2 Units

Related Party Transaction [Line Items]

Limited Partnership Units | shares

3,283,302

Managed REIT

Related Party Transaction [Line Items]

Equity method investment, ownership percentage

0.10%

TRS Subsidiary | Managed REIT Platform Revenue

Related Party Transaction [Line Items]

Percentage of revenue from tenant protection programs

99.90%

TRS Subsidiary | Managed REIT

Related Party Transaction [Line Items]

Equity method investment, ownership percentage

99.90%

Pacific Oak Holding Group

Related Party Transaction [Line Items]

Variable interest entity non-voting ownership percentage

10%

SmartStop Asset Management

Related Party Transaction [Line Items]

Percentage of non-voting equity owned

15%

SmartStop Asset Management | Strategic Transfer Agent Services, LLC

Related Party Transaction [Line Items]

Percentage of membership interest

100%

Transfer Agent Agreement

Related Party Transaction [Line Items]

Transfer agent agreement term

3 years

Transfer agent renewal agreement term

1 year

Transfer agent agreement termination description

The initial term of the transfer agent agreement was three years, which term is automatically renewed for one year successive terms, but either party may terminate the transfer agent agreement upon 90 days’ prior written notice. In the event that we terminate the transfer agent agreement, other than for cause, we will pay our transfer agent all amounts that would have otherwise accrued during the remaining term of the transfer agent agreement; provided, however, that when calculating the remaining months in the term for such purposes, such term is deemed to be a 12 month period starting from the date of the most recent annual anniversary date.

SST IV Advisor

Related Party Transaction [Line Items]

Monthly asset management fee

0.0833%

Monthly asset management fee one twelfth of less than one percentage of average invested assets

one-twelfth of 1%

Write-off of carrying value related to intangible asset

$ 5,300,000

write-off related to special limited partnership interest

1,200,000

SST IV Advisor | Other Income

Related Party Transaction [Line Items]

Change in deferred tax liability

1,400,000

SSGT II Advisor

Related Party Transaction [Line Items]

Monthly asset management fee

0.1042%

Monthly asset management fee one twelfth of less than one percentage of average invested assets

one-twelfth of 1.25%

SST VI Advisory Agreement

Related Party Transaction [Line Items]

Rate of acquisition fees of purchase price of contract

1%

Monthly asset management fee

0.0625%

Reimbursable costs

$ 23,000

Monthly asset management fee one twelfth of less than one percentage of average invested assets

one-twelfth of 0.75%

SST VI Advisory Agreement | Class W

Related Party Transaction [Line Items]

Percentage of offering cost without reimbursement

1.50%

1%

Shares sold in public offering | shares

6,000

SST VI Advisory Agreement | Pacific Oak Holding Group

Related Party Transaction [Line Items]

Variable interest entity non-voting ownership percentage

10%

SSGT III Advisory Agreement

Related Party Transaction [Line Items]

Rate of acquisition fees of purchase price of contract

1%

Monthly asset management fee

0.0625%

Monthly asset management fee one twelfth of less than one percentage of average invested assets

one-twelfth of 0.75

SSGT III Advisory Agreement | Disposition Fee

Related Party Transaction [Line Items]

Rate of disposition fee of contract sales price

1.50%

SSGT III Advisory Agreement | Disposition Fee | Pacific Oak Holding Group

Related Party Transaction [Line Items]

Rate of disposition fee of contract sales price

10%

Administrative Services Agreement

Related Party Transaction [Line Items]

Receivables due from related parties

$ 15,000

60,000

Administrative Services Agreement | Managed REIT Platform Expenses

Related Party Transaction [Line Items]

Administrative service fees

700,000

600,000

SST VI OP

Related Party Transaction [Line Items]

Investment

$ 5,000,000

Term

6 months

Payment of term loan with accrued interest

$ 2,100,000

SST VI OP | Other Income

Related Party Transaction [Line Items]

Loss related to equity interest

1,800,000

Dividend distribution received

$ 315,000

SST VI OP | Self Storage Facility in Phoenix, Arizona

Related Party Transaction [Line Items]

Self storage facility acquired

$ 16,000,000

Property Management Agreement

Related Party Transaction [Line Items]

Percentage of fee of former external property managers

6%

Construction management fee

5%

Cost of construction or capital improvement work

$ 10,000

One time fee for former external property managers

3,750

Write-off of carrying value related to intangible asset

$ 600,000

$ 1,900,000

Property Management Agreement | Other Income

Related Party Transaction [Line Items]

Change in deferred tax liability

$ 200,000

(500,000)

Property Management Agreement | Minimum

Related Party Transaction [Line Items]

Our former external property management fee

3,000

SmartStop OP

Related Party Transaction [Line Items]

Investment of preferred investor

$ 5,000,000

Investment

$ 5,000,000

SSGT III OP

Related Party Transaction [Line Items]

Outstanding amount

17,500,000

SSGT III OP | Other Income

Related Party Transaction [Line Items]

Loss related to equity interest

300,000

Dividend distribution received

$ 55,000

Mezzanine Loan | Self Storage Facility in Phoenix, Arizona

Related Party Transaction [Line Items]

Debt issued

$ 3,500,000

Mezzanine Loan | SST VI OP

Related Party Transaction [Line Items]

Interest rate

8.50%

Outstanding amount

$ 3,500,000

Extension Option Mezzanine Loan | SST VI OP

Related Party Transaction [Line Items]

Interest rate

9.25%

Term

180 days

Term Loan | SST VI OP

Related Party Transaction [Line Items]

Debt issued

$ 2,100,000

SST VI Mezzanine Loan

Related Party Transaction [Line Items]

Number of operating self storage property | StorageFacility

15

Principal borrowing amount

$ 20,000,000

38,200,000

Commitment fee percentage

1%

SST VI Mezzanine Loan | Minimum

Related Party Transaction [Line Items]

Increased the principal borrowing amount

$ 45,000,000

SST VI Mezzanine Loan | Maximum

Related Party Transaction [Line Items]

Debt issued

$ 45,000,000

Increased the principal borrowing amount

$ 55,000,000

SST VI Mezzanine Loan | Pacific Oak Holding Group

Related Party Transaction [Line Items]

Debt instrument, description of variable rate basis

SOFR plus 3.0%

SST VI Mezzanine Loan | SST VI OP

Related Party Transaction [Line Items]

Outstanding amount

$ 35,000,000

$ 6,800,000

SSGT III Mezzanine Loan

Related Party Transaction [Line Items]

Debt issued

$ 50,000,000

Number of operating self storage property | StorageFacility

3

Debt instrument, description of variable rate basis

SOFR plus 3.0%

Line of credit facility, current borrowing capacity

$ 42,000,000

Commitment fee percentage

1%

SSGT III Mezzanine Loan | Minimum

Related Party Transaction [Line Items]

Increased the principal borrowing amount

$ 50,000,000

SSGT III Mezzanine Loan | Maximum

Related Party Transaction [Line Items]

Increased the principal borrowing amount

$ 77,000,000

Upon Achievement Of Certain Financial Conditions | SSGT III Mezzanine Loan

Related Party Transaction [Line Items]

Debt instrument, description of variable rate basis

SOFR plus 4.0%

Related Party Transactions - Su

Related Party Transactions - Summary of Related Party Costs (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Related party costs, Incurred		$ 1,396,315	$ 2,434,773
Related party costs, Paid		1,570,876	2,517,911
Related party costs, Payable		409,730	584,291
Dealer Manager
Related Party Transaction [Line Items]
Related party costs, Payable		409,730	584,291
Transfer Agent fees
Related Party Transaction [Line Items]
Related party costs, Incurred		1,242,655	967,341
Related party costs, Paid		1,260,896	916,349
Transfer Agent fees | Dealer Manager
Related Party Transaction [Line Items]
Related party costs, Payable		68,751	86,992
Transfer Agent expenses
Related Party Transaction [Line Items]
Related party costs, Incurred		100,000	150,000
Related party costs, Paid		100,000	150,000
Stockholder servicing fee
Related Party Transaction [Line Items]
Related party costs, Incurred	[1]	53,660	161,545
Related party costs, Paid	[1]	209,980	636,654
Stockholder servicing fee | Dealer Manager
Related Party Transaction [Line Items]
Related party costs, Payable	[1]		156,320
Other
Related Party Transaction [Line Items]
Related party costs, Incurred			1,155,887
Related party costs, Paid			814,908
Related party costs, Payable		$ 340,979
Other | Dealer Manager
Related Party Transaction [Line Items]
Related party costs, Payable			$ 340,979
[1] We paid our Dealer Manager an ongoing stockholder servicing fee that is payable monthly and accrues daily in an amount equal to 1/365 th of 1% of the purchase price per share of the Class T Shares sold in the Primary Offering.

Related Party Transactions - _2

Related Party Transactions - Summary of Related Party Costs (Parenthetical) (Detail) - Class T Common stock	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Monthly stockholder servicing fee accrual description	accrued daily in an amount equal to 1/365th of 1% of the purchase price per share
Dealer Manager
Related Party Transaction [Line Items]
Monthly stockholder servicing fee accrual description	accrues daily in an amount equal to 1/365th of 1% of the purchase price per share	accrues daily in an amount equal to 1/365th of 1% of the purchase price per share

Related Party Transactions - _3

Related Party Transactions - Summary of Fees and Revenue Related to the Managed REITs (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		$ 7,819,216	$ 6,322,970	$ 8,048,630
Asset Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		2,292,331	2,738,329	4,422,190
Property Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		1,021,625	1,155,314	1,801,383
Tenant Protection Program
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		655,033	1,081,292	1,150,917
Acquisition Fees
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		2,692,168	649,623
Strategic Storage Trust IV Advisory Agreement | Asset Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues	[1]		716,278	3,211,661
Strategic Storage Growth Trust II Advisory Agreement | Asset Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues	[2]	798,395	1,843,769	1,210,529
Strategic Storage Trust V I Advisory Agreement | Asset Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		1,348,314	178,282
SSGT III Advisory Agreement | Asset Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		145,622
Strategic Storage Trust IV Property Management Agreement | Property Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues	[1]		346,179	1,429,632
Strategic Storage Growth Trust II Property Management Agreement | Property Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues	[2]	407,706	709,533	371,751
Strategic Storage Trust V I Property Management Agreement | Property Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		551,493	99,602
Strategic Storage Growth Trust I I I Property Management Agreement | Property Management
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		62,426
Strategic Storage Trust IV Tenant Program Revenue | Tenant Protection Program
Related Party Transaction [Line Items]
Managed REIT Platform Revenues	[1]		285,959	893,315
Strategic Storage Growth Trust II Tenant Program Revenue | Tenant Protection Program
Related Party Transaction [Line Items]
Managed REIT Platform Revenues	[2]	250,156	636,671	257,602
Strategic Storage Trust V I Tenant Program Revenue | Tenant Protection Program
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		396,758	158,662
Strategic Storage Growth Trust I I I Tenant Protection Program Revenue | Tenant Protection Program
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		8,119
Strategic Storage Trust VI Acquisition Fees Revenue | Acquisition Fees
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		1,846,168	649,623
Strategic Storage Growth Trust III Acquisition Fees Revenue | Acquisition Fees
Related Party Transaction [Line Items]
Managed REIT Platform Revenues		846,000
Other Managed REIT Revenue
Related Party Transaction [Line Items]
Managed REIT Platform Revenues	[3]	$ 1,158,059	$ 698,412	$ 674,140
[1] On March 17, 2021, we acquired SST IV and no longer earn such fees. Additionally, the Tenant Protection Program revenue for SST IV is now included in ancillary operating revenue in our consolidated statements of operations. On June 1, 2022, we acquired SSGT II and no longer earn such fees. Additionally, the Tenant Protection Program revenue for SSGT II is now included in ancillary operating revenue in our consolidated statements of operations. Such revenue primarily includes other property management related fees, construction management fees, development fees, and other miscellaneous revenues.

Related Party Transactions - _4

Related Party Transactions - Summary of Related Party Carrying Value of Investments In Advances (Detail) - USD ($)		Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Total investments in and advances		$ 62,371,167	$ 12,404,380
SSGT III OP
Related Party Transaction [Line Items]
Receivables		156,082	0
Total investments in and advances		22,320,769	0
SSGT III OP | SSGT III Mezzanine Loan
Related Party Transaction [Line Items]
Debt	[1]	17,500,000	0
SSGT III OP | SSGT III OP Units and SLP
Related Party Transaction [Line Items]
Equity		4,664,687	0
SST VI
Related Party Transaction [Line Items]
Receivables		1,828,990	801,233
Total investments in and advances		40,050,400	11,802,138
SST VI | SST VI Mezzanine Loan
Related Party Transaction [Line Items]
Debt	[2]	35,000,000	6,800,000
SST VI | SST VI OP Units and SLP
Related Party Transaction [Line Items]
Equity		$ 3,221,410	$ 4,200,905
[1] As of December 31, 2022, $ 17.5 million was available to be drawn on the SSGT III Mezzanine Loan. On January 26, 2023, SSGT III fully repaid the $ 17.5 million outstanding principal, plus accrued interest. As of December 31, 2022 and 2021, $ 20.0 million and $ 38.2 million, respectively was available to be drawn on the SST VI Mezzanine Loan. Subsequent to December 31, 2022, on January 30, 2023, SST VI borrowed an additional $ 15.0 million on the SST VI Mezzanine Loan. Additionally, on January 30, 2023, we invested $ 15.0 million in preferred limited partnership interests in SST VI OP. Please see Note 14 – Subsequent Events, of the Notes to the Consolidated Financial Statements for more information.

Related Party Transactions - _5

Related Party Transactions - Summary of Related Party Carrying Value of Investments In Advances (Parenthetical) (Detail) - USD ($)			12 Months Ended
	Jan. 30, 2023	Jan. 26, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Oct. 07, 2021
Related Party Transaction [Line Items]
Investment operating partnership			$ 62,371,167	$ 12,404,380
Principal borrowing amount						$ 700,000,000
Outstanding principal, plus accrued interest			86,237,235	422,190,754	$ 0
SST VI
Related Party Transaction [Line Items]
Investment operating partnership			40,050,400	11,802,138
SST VI | Subsequent Event
Related Party Transaction [Line Items]
Additional amount borrowed	$ 15,000,000
SST VI OP | Subsequent Event
Related Party Transaction [Line Items]
Investment operating partnership	$ 15,000,000
SSGT III | Subsequent Event
Related Party Transaction [Line Items]
Outstanding principal, plus accrued interest		$ 17,500,000
SST VI Mezzanine Loan
Related Party Transaction [Line Items]
Principal borrowing amount			$ 20,000,000	$ 38,200,000
SSGT III Mezzanine Loan | Subsequent Event
Related Party Transaction [Line Items]
Principal borrowing amount		$ 17,500,000

Equity Based Compensation - Add

Equity Based Compensation - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense related to non-vested equity awards	$ 4,800,000	$ 4,500,000
Unrecognized compensation expense, expected weighted average-recognition period	2 years 1 month 6 days	2 years 1 month 6 days
Property Operating Expenses
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation expense	$ 155,000	$ 80,000	$ 40,000
General and Administrative Expense
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based compensation expense	$ 3,800,000	$ 2,800,000	$ 1,600,000
Time Based Awards | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years	3 years
Issuance of equity awards	60,032	78,192
Time Based Awards | LTIPs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issuance of equity awards	181,664	222,581
Performance Based Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Awards vesting date			Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vesting year	Mar. 31, 2025	Mar. 31, 2024
Performance Based Awards | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of established target performance criteria	100%
Share based compensation arrangement by share based payment award voting rights	do not have
Issuance of equity awards	0
Performance Based Awards | LTIPs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of established target performance criteria	200%
Description of distribution and allocation of profits and losses	Recipients of performance based LTIP Units are issued LTIP Units at 200% of the targeted award and are entitled to receive distributions and allocations of profits and losses with respect to the performance based LTIP Units as of the effective date of each award in an amount equal to 10% of the distributions and allocations available to such LTIP Units, until the Distribution Participation Date (as defined in the Operating Partnership Agreement). The remaining 90% of distributions will accrue and will be payable on the Distribution Participation Date based upon the performance level attained and number of performance based LTIP Units that vest.
Share based compensation arrangement by share based payment award voting rights	one vote per LTIP Unit
Issuance of equity awards	113,429	148,387
Employee and Director Long-term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares available for issuance	9,978,272
Minimum | Time Based Awards | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	1 year	1 year
Minimum | Performance Based Awards | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of established target performance criteria	0%
Maximum | Time Based Awards | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Maximum | Performance Based Awards | LTIPs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of established target performance criteria	200%

Equity Based Compensation - Sum

Equity Based Compensation - Summary of the Activity Related to Time Based Awards (Details) - Time Based Awards - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested Shares, Beginning balance	219,946	249,271
Unvested Shares, Granted	60,032	78,192
Unvested Shares, Vested	(129,498)	(105,328)
Unvested Shares, Forfeited	(4,630)	(2,189)
Unvested Shares, Ending Balance	145,850	219,946
Unvested Weighted-Average Grant-Date Fair Value, Beginning balance	$ 9.64	$ 9.58
Unvested Weighted-Average Grant-Date Fair Value, Granted	14.33	9.85
Unvested Weighted-Average Grant-Date Fair Value, Vested	9.64	9.64
Unvested Weighted-Average Grant-Date Fair Value, Forfeited	11.76	9.78
Unvested Weighted-Average Grant-Date Fair Value, Ending balance	$ 11.50	$ 9.64
LTIPs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested Shares, Beginning balance	274,196	160,891
Unvested Shares, Granted	181,664	222,581
Unvested Shares, Vested	(165,219)	(109,276)
Unvested Shares, Ending Balance	290,641	274,196
Unvested Weighted-Average Grant-Date Fair Value, Beginning balance	$ 9.22	$ 9.09
Unvested Weighted-Average Grant-Date Fair Value, Granted	13.23	9.30
Unvested Weighted-Average Grant-Date Fair Value, Vested	10.21	9.20
Unvested Weighted-Average Grant-Date Fair Value, Ending balance	$ 11.16	$ 9.22

Equity Based Compensation - S_2

Equity Based Compensation - Summary of the Activity Related to Performance Based Awards (Details) - Performance Based Awards - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested Shares, Beginning balance	5,752	5,752
Unvested Shares, Granted	0
Unvested Shares, Ending Balance	5,752	5,752
Unvested Weighted-Average Grant-Date Fair Value, Beginning balance	$ 9.78	$ 9.78
Unvested Weighted-Average Grant-Date Fair Value, Granted	0
Unvested Weighted-Average Grant-Date Fair Value, Ending balance	$ 9.78	$ 9.78
LTIPs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unvested Shares, Beginning balance	267,107	130,638
Unvested Shares, Granted	113,429	148,387
Unvested Shares, Forfeited		(11,918)
Unvested Shares, Ending Balance	380,536	267,107
Unvested Weighted-Average Grant-Date Fair Value, Beginning balance	$ 9.21	$ 9.09
Unvested Weighted-Average Grant-Date Fair Value, Granted	13.18	9.30
Unvested Weighted-Average Grant-Date Fair Value, Forfeited		9.09
Unvested Weighted-Average Grant-Date Fair Value, Ending balance	$ 10.39	$ 9.21

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)						1 Months Ended		12 Months Ended
	Aug. 09, 2022	Mar. 29, 2022	Oct. 19, 2021	Mar. 24, 2021	Jun. 28, 2019	Jan. 31, 2022	Jan. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 06, 2022
Commitments And Contingencies [Line Items]
Incremental assets under management	$ 700,000,000				$ 700,000,000
Earnout unit exchange per share								$ 10.66
Maximum weighted-average number of shares outstanding percentage								100%
Redemptions of common stock, value								$ 112	$ 390	$ 165
Loss contingency other non-cancellable future payments due in year one								2,400,000
Loss contingency other non-cancellable future payments due in year two								$ 2,500,000
Loss contingency other non-cancellable future payments due year one								2023
Loss contingency other non-cancellable future payments due year two								2024
Distribution Reinvestment Plan
Commitments And Contingencies [Line Items]
Amendment, suspension or termination period of share								10 years
Share Redemption Program
Commitments And Contingencies [Line Items]
Amendment, suspension or termination period of share								30 days
Net asset value per share and redemption price											$ 15.21
Maximum weighted-average number of shares outstanding percentage								5%
Redemptions of common stock (in shares)								200,000	400,000	200,000
Redemptions of common stock, value						$ 1,700,000	$ 700,000	$ 2,400,000	$ 5,600,000	$ 2,000,000
Operating Partnership Redemption Rights
Commitments And Contingencies [Line Items]
Number of shares issuable upon conversion of partnership units								1
Requisite minimum outstanding period for conversion eligibility								1 year
Class A and Class T Common Stock | Distribution Reinvestment Plan
Commitments And Contingencies [Line Items]
Estimated value per share under distribution reinvestment plan								$ 15.21
Class A Common stock
Commitments And Contingencies [Line Items]
Earnout unit exchange per share			$ 10.66
Redeemable Common Stock | Share Redemption Program
Commitments And Contingencies [Line Items]
Redemptions of common stock, value									$ 3,900,000	$ 1,300,000
Class A-1 Units
Commitments And Contingencies [Line Items]
Number of shares issuable upon conversion of partnership units	1,094,434	1,094,434		1,121,795
Class A-2 Units
Commitments And Contingencies [Line Items]
Limited Partnership Units					3,283,302
Number of shares issuable upon conversion of partnership units	1,094,434	1,094,434		1,094,434
Class A-2 Units | Maximum
Commitments And Contingencies [Line Items]
Incremental assets under management					$ 500,000,000
Class A-2 Units | Minimum
Commitments And Contingencies [Line Items]
Incremental assets under management					$ 300,000,000

Declaration of Distributions -

Declaration of Distributions - Additional Information (Detail) - $ / shares			12 Months Ended
	Feb. 01, 2023	Jan. 17, 2023	Dec. 31, 2022
Class A Common stock
Dividend Declared [Line Items]
Common stock per share outstanding per day declared	$ 0.00164	$ 0.00164	$ 0.00164
Cash distribution record date start	Mar. 01, 2023	Feb. 01, 2023	Jan. 01, 2023
Cash distribution record date end	Mar. 31, 2023	Feb. 28, 2023	Jan. 31, 2023
Class T Common stock
Dividend Declared [Line Items]
Common stock per share outstanding per day declared	$ 0.00164	$ 0.00164	$ 0.00164
Cash distribution record date start	Mar. 01, 2023	Feb. 01, 2023	Jan. 01, 2023
Cash distribution record date end	Mar. 31, 2023	Feb. 28, 2023	Jan. 31, 2023

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions		1 Months Ended	12 Months Ended
	Jan. 30, 2023	Feb. 28, 2023	Dec. 31, 2022	Dec. 31, 2021
Performance Based Awards | LTIPs
Subsequent Event [Line Items]
Issuance of equity awards			113,429	148,387
Percentage of established target performance criteria			200%
Performance Based Awards | LTIPs | Maximum
Subsequent Event [Line Items]
Percentage of established target performance criteria			200%
Time Based Awards | LTIPs
Subsequent Event [Line Items]
Issuance of equity awards			181,664	222,581
Up to second anniversary | S S T V I O P [Member]
Subsequent Event [Line Items]
Rate of distributions payable monthly in arrears	7%
Up to third anniversary | S S T V I O P [Member]
Subsequent Event [Line Items]
Rate of distributions payable monthly in arrears	8%
Up to fourth anniversary | S S T V I O P [Member]
Subsequent Event [Line Items]
Rate of distributions payable monthly in arrears	9%
Investment Thereafter | S S T V I O P [Member]
Subsequent Event [Line Items]
Rate of distributions payable monthly in arrears	10%
Subsequent Event | Executive Officers | Performance Based Awards | LTIPs
Subsequent Event [Line Items]
Issuance of equity awards		271,199
Percentage of established target performance criteria		200%
Vesting period		3 years
Subsequent Event | Executive Officers | Performance Based Awards | LTIPs | Maximum
Subsequent Event [Line Items]
Percentage of established target performance criteria		200%
Subsequent Event | Executive Officers | Performance Based Awards | LTIPs | Minimum
Subsequent Event [Line Items]
Percentage of established target performance criteria		0%
Subsequent Event | Executive Officers | Time Based Awards | LTIPs
Subsequent Event [Line Items]
Issuance of equity awards		275,308
Vesting period		4 years
Subsequent Event | S S T V I O P [Member]
Subsequent Event [Line Items]
Percentage of investment fee due upon closing	1%
Purchase units of limited partnership interest	600,000
Purchase commitment amount	$ 15
Description of preferred investor distributions	The Preferred Investor will receive distributions, payable monthly in arrears, at a rate of 7.0 % per annum from the date of issuance until the second anniversary of the date of issuance, 8.0% per annum commencing thereafter until the third anniversary of the date of issuance, 9.0% per annum commencing thereafter until the fourth anniversary of the date of issuance, and 10% per annum thereafter, payable storage acquisition, development, and improvement activities, and working capital or other general partnership purposes. Each Preferred Unit has a liquidation preference of $25.00, plus all accumulated and unpaid distributions.
Preferred stock, liquidation preference per unit	$ 25

Schedule III Real Estate Asset

Schedule III Real Estate Asset and Accumulated Depreciation (Detail)	12 Months Ended
	Dec. 31, 2022 USD ($)
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 304,757,639
Initial Cost to Company, Land	419,364,049
Initial Cost to Company, Buildings and Improvements	1,402,876,722
Initial Cost to Company, Total	1,822,240,771
Cost Capitalized Subsequent to Acquisition	64,964,874
Gross Carrying Amount, Land	420,522,591
Gross Carrying Amount, Buildings and Improvements	1,466,683,054
Gross Carrying Amount, Total	1,887,205,645	[1]
Accumulated Depreciation	202,682,688
Morrisville | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	531,000
Initial Cost to Company, Buildings and Improvements	1,891,000
Initial Cost to Company, Total	2,422,000
Cost Capitalized Subsequent to Acquisition	204,262
Gross Carrying Amount, Land	531,000
Gross Carrying Amount, Buildings and Improvements	2,095,262
Gross Carrying Amount, Total	2,626,262	[1]
Accumulated Depreciation	$ 652,967
Date of Construction	2004
Date Acquired	Nov. 03, 2014
Cary | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,064,000
Initial Cost to Company, Buildings and Improvements	3,301,000
Initial Cost to Company, Total	4,365,000
Cost Capitalized Subsequent to Acquisition	244,450
Gross Carrying Amount, Land	1,064,000
Gross Carrying Amount, Buildings and Improvements	3,545,450
Gross Carrying Amount, Total	4,609,450	[1]
Accumulated Depreciation	$ 1,055,508
Date of Construction	1998/2005/2006
Date Acquired	Nov. 03, 2014
Raleigh | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,186,000
Initial Cost to Company, Buildings and Improvements	2,540,000
Initial Cost to Company, Total	3,726,000
Cost Capitalized Subsequent to Acquisition	378,893
Gross Carrying Amount, Land	1,186,000
Gross Carrying Amount, Buildings and Improvements	2,918,893
Gross Carrying Amount, Total	4,104,893	[1]
Accumulated Depreciation	$ 1,036,976
Date of Construction	1999
Date Acquired	Nov. 03, 2014
Myrtle Beach I | South Carolina | Property One
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 8,491,387
Initial Cost to Company, Land	1,482,000
Initial Cost to Company, Buildings and Improvements	4,476,000
Initial Cost to Company, Total	5,958,000
Cost Capitalized Subsequent to Acquisition	546,002
Gross Carrying Amount, Land	1,482,000
Gross Carrying Amount, Buildings and Improvements	5,022,002
Gross Carrying Amount, Total	6,504,002	[1]
Accumulated Depreciation	$ 1,575,498
Date of Construction	1998/2005-2007
Date Acquired	Nov. 03, 2014
Myrtle Beach II | South Carolina | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 6,736,055
Initial Cost to Company, Land	1,690,000
Initial Cost to Company, Buildings and Improvements	3,654,000
Initial Cost to Company, Total	5,344,000
Cost Capitalized Subsequent to Acquisition	401,685
Gross Carrying Amount, Land	1,690,000
Gross Carrying Amount, Buildings and Improvements	4,055,685
Gross Carrying Amount, Total	5,745,685	[1]
Accumulated Depreciation	$ 1,308,034
Date of Construction	1999/2006
Date Acquired	Nov. 03, 2014
Whittier | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 4,495,305
Initial Cost to Company, Land	2,730,000
Initial Cost to Company, Buildings and Improvements	2,916,875
Initial Cost to Company, Total	5,646,875
Cost Capitalized Subsequent to Acquisition	735,636
Gross Carrying Amount, Land	2,730,000
Gross Carrying Amount, Buildings and Improvements	3,652,511
Gross Carrying Amount, Total	6,382,511	[1]
Accumulated Depreciation	$ 1,266,433
Date of Construction	1989
Date Acquired	Feb. 19, 2015
La Verne | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,093,713
Initial Cost to Company, Land	1,950,000
Initial Cost to Company, Buildings and Improvements	2,036,875
Initial Cost to Company, Total	3,986,875
Cost Capitalized Subsequent to Acquisition	345,409
Gross Carrying Amount, Land	1,950,000
Gross Carrying Amount, Buildings and Improvements	2,382,284
Gross Carrying Amount, Total	4,332,284	[1]
Accumulated Depreciation	$ 879,912
Date of Construction	1986
Date Acquired	Jan. 23, 2015
Santa Ana | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 5,075,474
Initial Cost to Company, Land	4,890,000
Initial Cost to Company, Buildings and Improvements	4,006,875
Initial Cost to Company, Total	8,896,875
Cost Capitalized Subsequent to Acquisition	756,398
Gross Carrying Amount, Land	4,890,000
Gross Carrying Amount, Buildings and Improvements	4,763,273
Gross Carrying Amount, Total	9,653,273	[1]
Accumulated Depreciation	$ 1,624,906
Date of Construction	1978
Date Acquired	Feb. 05, 2015
Upland | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,528,728
Initial Cost to Company, Land	2,950,000
Initial Cost to Company, Buildings and Improvements	3,016,875
Initial Cost to Company, Total	5,966,875
Cost Capitalized Subsequent to Acquisition	596,231
Gross Carrying Amount, Land	2,950,000
Gross Carrying Amount, Buildings and Improvements	3,613,106
Gross Carrying Amount, Total	6,563,106	[1]
Accumulated Depreciation	$ 1,294,817
Date of Construction	1979
Date Acquired	Jan. 29, 2015
La Habra | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,576,890
Initial Cost to Company, Land	2,060,000
Initial Cost to Company, Buildings and Improvements	2,356,875
Initial Cost to Company, Total	4,416,875
Cost Capitalized Subsequent to Acquisition	652,209
Gross Carrying Amount, Land	2,060,000
Gross Carrying Amount, Buildings and Improvements	3,009,084
Gross Carrying Amount, Total	5,069,084	[1]
Accumulated Depreciation	$ 929,982
Date of Construction	1981
Date Acquired	Feb. 05, 2015
Monterey Park | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,513,545
Initial Cost to Company, Land	2,020,000
Initial Cost to Company, Buildings and Improvements	2,216,875
Initial Cost to Company, Total	4,236,875
Cost Capitalized Subsequent to Acquisition	400,444
Gross Carrying Amount, Land	2,020,000
Gross Carrying Amount, Buildings and Improvements	2,617,319
Gross Carrying Amount, Total	4,637,319	[1]
Accumulated Depreciation	$ 806,159
Date of Construction	1987
Date Acquired	Feb. 05, 2015
Huntington Beach | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 6,815,534
Initial Cost to Company, Land	5,460,000
Initial Cost to Company, Buildings and Improvements	4,856,875
Initial Cost to Company, Total	10,316,875
Cost Capitalized Subsequent to Acquisition	508,065
Gross Carrying Amount, Land	5,460,000
Gross Carrying Amount, Buildings and Improvements	5,364,940
Gross Carrying Amount, Total	10,824,940	[1]
Accumulated Depreciation	$ 1,772,180
Date of Construction	1986
Date Acquired	Feb. 05, 2015
Chico | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,136,033
Initial Cost to Company, Land	400,000
Initial Cost to Company, Buildings and Improvements	1,336,875
Initial Cost to Company, Total	1,736,875
Cost Capitalized Subsequent to Acquisition	372,580
Gross Carrying Amount, Land	400,000
Gross Carrying Amount, Buildings and Improvements	1,709,455
Gross Carrying Amount, Total	2,109,455	[1]
Accumulated Depreciation	$ 595,664
Date of Construction	1984
Date Acquired	Jan. 23, 2015
Lancaster | California | Property One
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,643,514
Initial Cost to Company, Land	200,000
Initial Cost to Company, Buildings and Improvements	1,516,875
Initial Cost to Company, Total	1,716,875
Cost Capitalized Subsequent to Acquisition	544,234
Gross Carrying Amount, Land	200,000
Gross Carrying Amount, Buildings and Improvements	2,061,109
Gross Carrying Amount, Total	2,261,109	[1]
Accumulated Depreciation	$ 772,616
Date of Construction	1980
Date Acquired	Jan. 29, 2015
Lancaster | California | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,296,148
Initial Cost to Company, Land	670,392
Initial Cost to Company, Buildings and Improvements	3,711,424
Initial Cost to Company, Total	4,381,816
Cost Capitalized Subsequent to Acquisition	368,560
Gross Carrying Amount, Land	670,392
Gross Carrying Amount, Buildings and Improvements	4,079,984
Gross Carrying Amount, Total	4,750,376	[1]
Accumulated Depreciation	$ 1,124,491
Date of Construction	1991
Date Acquired	Jan. 11, 2016
Riverside | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,271,845
Initial Cost to Company, Land	370,000
Initial Cost to Company, Buildings and Improvements	2,326,875
Initial Cost to Company, Total	2,696,875
Cost Capitalized Subsequent to Acquisition	744,444
Gross Carrying Amount, Land	370,000
Gross Carrying Amount, Buildings and Improvements	3,071,319
Gross Carrying Amount, Total	3,441,319	[1]
Accumulated Depreciation	$ 1,013,228
Date of Construction	1985
Date Acquired	Jan. 23, 2015
Fairfield | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,682,779
Initial Cost to Company, Land	730,000
Initial Cost to Company, Buildings and Improvements	2,946,875
Initial Cost to Company, Total	3,676,875
Cost Capitalized Subsequent to Acquisition	322,208
Gross Carrying Amount, Land	730,000
Gross Carrying Amount, Buildings and Improvements	3,269,083
Gross Carrying Amount, Total	3,999,083	[1]
Accumulated Depreciation	$ 1,036,507
Date of Construction	1984
Date Acquired	Jan. 23, 2015
Lompoc | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,755,244
Initial Cost to Company, Land	1,000,000
Initial Cost to Company, Buildings and Improvements	2,746,875
Initial Cost to Company, Total	3,746,875
Cost Capitalized Subsequent to Acquisition	348,373
Gross Carrying Amount, Land	1,000,000
Gross Carrying Amount, Buildings and Improvements	3,095,248
Gross Carrying Amount, Total	4,095,248	[1]
Accumulated Depreciation	$ 959,467
Date of Construction	1982
Date Acquired	Feb. 05, 2015
Santa Rosa | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 7,154,002
Initial Cost to Company, Land	3,150,000
Initial Cost to Company, Buildings and Improvements	6,716,875
Initial Cost to Company, Total	9,866,875
Cost Capitalized Subsequent to Acquisition	837,876
Gross Carrying Amount, Land	3,150,000
Gross Carrying Amount, Buildings and Improvements	7,554,751
Gross Carrying Amount, Total	10,704,751	[1]
Accumulated Depreciation	$ 2,394,886
Date of Construction	1979-1981
Date Acquired	Jan. 29, 2015
Vallejo | California
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 990,000
Initial Cost to Company, Buildings and Improvements	3,946,875
Initial Cost to Company, Total	4,936,875
Cost Capitalized Subsequent to Acquisition	466,627
Gross Carrying Amount, Land	990,000
Gross Carrying Amount, Buildings and Improvements	4,413,502
Gross Carrying Amount, Total	5,403,502	[1]
Accumulated Depreciation	$ 1,378,210
Date of Construction	1981
Date Acquired	Jan. 29, 2015
Federal Heights | Colorado
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,320,229
Initial Cost to Company, Land	1,100,000
Initial Cost to Company, Buildings and Improvements	3,346,875
Initial Cost to Company, Total	4,446,875
Cost Capitalized Subsequent to Acquisition	397,310
Gross Carrying Amount, Land	1,100,000
Gross Carrying Amount, Buildings and Improvements	3,744,185
Gross Carrying Amount, Total	4,844,185	[1]
Accumulated Depreciation	$ 1,410,847
Date of Construction	1983
Date Acquired	Jan. 29, 2015
Aurora | Colorado
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 4,688,842
Initial Cost to Company, Land	810,000
Initial Cost to Company, Buildings and Improvements	5,906,875
Initial Cost to Company, Total	6,716,875
Cost Capitalized Subsequent to Acquisition	873,782
Gross Carrying Amount, Land	810,000
Gross Carrying Amount, Buildings and Improvements	6,780,657
Gross Carrying Amount, Total	7,590,657	[1]
Accumulated Depreciation	$ 2,182,032
Date of Construction	1984
Date Acquired	Feb. 05, 2015
Littleton | Colorado
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,126,913
Initial Cost to Company, Land	1,680,000
Initial Cost to Company, Buildings and Improvements	2,456,875
Initial Cost to Company, Total	4,136,875
Cost Capitalized Subsequent to Acquisition	380,972
Gross Carrying Amount, Land	1,680,000
Gross Carrying Amount, Buildings and Improvements	2,837,847
Gross Carrying Amount, Total	4,517,847	[1]
Accumulated Depreciation	$ 972,290
Date of Construction	1985
Date Acquired	Jan. 23, 2015
Bloomingdale | Illinois
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,320,229
Initial Cost to Company, Land	810,000
Initial Cost to Company, Buildings and Improvements	3,856,874
Initial Cost to Company, Total	4,666,874
Cost Capitalized Subsequent to Acquisition	516,113
Gross Carrying Amount, Land	810,000
Gross Carrying Amount, Buildings and Improvements	4,372,987
Gross Carrying Amount, Total	5,182,987	[1]
Accumulated Depreciation	$ 1,376,557
Date of Construction	1987
Date Acquired	Feb. 19, 2015
Crestwood | Illinois
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,595,130
Initial Cost to Company, Land	250,000
Initial Cost to Company, Buildings and Improvements	2,096,875
Initial Cost to Company, Total	2,346,875
Cost Capitalized Subsequent to Acquisition	438,121
Gross Carrying Amount, Land	250,000
Gross Carrying Amount, Buildings and Improvements	2,534,996
Gross Carrying Amount, Total	2,784,996	[1]
Accumulated Depreciation	$ 870,846
Date of Construction	1987
Date Acquired	Jan. 23, 2015
Forestville | Maryland
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,383,575
Initial Cost to Company, Land	1,940,000
Initial Cost to Company, Buildings and Improvements	4,346,875
Initial Cost to Company, Total	6,286,875
Cost Capitalized Subsequent to Acquisition	1,155,658
Gross Carrying Amount, Land	1,940,000
Gross Carrying Amount, Buildings and Improvements	5,502,533
Gross Carrying Amount, Total	7,442,533	[1]
Accumulated Depreciation	$ 2,074,243
Date of Construction	1988
Date Acquired	Jan. 23, 2015
Warren | Michigan | Property One
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,909,295
Initial Cost to Company, Land	230,000
Initial Cost to Company, Buildings and Improvements	2,966,875
Initial Cost to Company, Total	3,196,875
Cost Capitalized Subsequent to Acquisition	605,075
Gross Carrying Amount, Land	230,000
Gross Carrying Amount, Buildings and Improvements	3,571,950
Gross Carrying Amount, Total	3,801,950	[1]
Accumulated Depreciation	$ 1,180,432
Date of Construction	1996
Date Acquired	May 08, 2015
Warren | Michigan | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,199,380
Initial Cost to Company, Land	240,000
Initial Cost to Company, Buildings and Improvements	3,066,875
Initial Cost to Company, Total	3,306,875
Cost Capitalized Subsequent to Acquisition	748,969
Gross Carrying Amount, Land	240,000
Gross Carrying Amount, Buildings and Improvements	3,815,844
Gross Carrying Amount, Total	4,055,844	[1]
Accumulated Depreciation	$ 1,286,694
Date of Construction	1987
Date Acquired	May 08, 2015
Sterling Heights | Michigan
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,247,764
Initial Cost to Company, Land	250,000
Initial Cost to Company, Buildings and Improvements	3,286,875
Initial Cost to Company, Total	3,536,875
Cost Capitalized Subsequent to Acquisition	917,177
Gross Carrying Amount, Land	250,000
Gross Carrying Amount, Buildings and Improvements	4,204,052
Gross Carrying Amount, Total	4,454,052	[1]
Accumulated Depreciation	$ 1,324,243
Date of Construction	1977
Date Acquired	May 21, 2015
Troy | Michigan
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,335,413
Initial Cost to Company, Land	240,000
Initial Cost to Company, Buildings and Improvements	4,176,875
Initial Cost to Company, Total	4,416,875
Cost Capitalized Subsequent to Acquisition	464,700
Gross Carrying Amount, Land	240,000
Gross Carrying Amount, Buildings and Improvements	4,641,575
Gross Carrying Amount, Total	4,881,575	[1]
Accumulated Depreciation	$ 1,455,387
Date of Construction	1988
Date Acquired	May 08, 2015
Troy | Ohio
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 150,666
Initial Cost to Company, Buildings and Improvements	2,596,010
Initial Cost to Company, Total	2,746,676
Cost Capitalized Subsequent to Acquisition	206,114
Gross Carrying Amount, Land	150,666
Gross Carrying Amount, Buildings and Improvements	2,802,124
Gross Carrying Amount, Total	2,952,790	[1]
Accumulated Depreciation	$ 858,965
Date of Construction	2003
Date Acquired	Apr. 20, 2016
Beverly | New Jersey
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,353,430
Initial Cost to Company, Land	400,000
Initial Cost to Company, Buildings and Improvements	1,696,875
Initial Cost to Company, Total	2,096,875
Cost Capitalized Subsequent to Acquisition	363,219
Gross Carrying Amount, Land	400,000
Gross Carrying Amount, Buildings and Improvements	2,060,094
Gross Carrying Amount, Total	2,460,094	[1]
Accumulated Depreciation	$ 634,190
Date of Construction	1988
Date Acquired	May 28, 2015
Everett | Washington
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 2,658,476
Initial Cost to Company, Land	2,010,000
Initial Cost to Company, Buildings and Improvements	2,956,875
Initial Cost to Company, Total	4,966,875
Cost Capitalized Subsequent to Acquisition	810,891
Gross Carrying Amount, Land	2,010,000
Gross Carrying Amount, Buildings and Improvements	3,767,766
Gross Carrying Amount, Total	5,777,766	[1]
Accumulated Depreciation	$ 1,185,904
Date of Construction	1986
Date Acquired	Feb. 05, 2015
Foley | Alabama
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 4,036,209
Initial Cost to Company, Land	1,839,000
Initial Cost to Company, Buildings and Improvements	5,717,000
Initial Cost to Company, Total	7,556,000
Cost Capitalized Subsequent to Acquisition	922,571
Gross Carrying Amount, Land	1,839,000
Gross Carrying Amount, Buildings and Improvements	6,639,571
Gross Carrying Amount, Total	8,478,571	[1]
Accumulated Depreciation	$ 2,043,884
Date of Construction	1985/1996/2006
Date Acquired	Sep. 11, 2015
Tampa | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 1,595,130
Initial Cost to Company, Land	718,244
Initial Cost to Company, Buildings and Improvements	2,257,471
Initial Cost to Company, Total	2,975,715
Cost Capitalized Subsequent to Acquisition	595,503
Gross Carrying Amount, Land	718,244
Gross Carrying Amount, Buildings and Improvements	2,852,974
Gross Carrying Amount, Total	3,571,218	[1]
Accumulated Depreciation	$ 860,973
Date of Construction	1985
Date Acquired	Nov. 03, 2015
Boynton Beach | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 7,975,648
Initial Cost to Company, Land	1,983,491
Initial Cost to Company, Buildings and Improvements	15,232,817
Initial Cost to Company, Total	17,216,308
Cost Capitalized Subsequent to Acquisition	562,650
Gross Carrying Amount, Land	1,983,491
Gross Carrying Amount, Buildings and Improvements	15,795,467
Gross Carrying Amount, Total	17,778,958	[1]
Accumulated Depreciation	$ 3,390,161
Date of Construction	2004
Date Acquired	Jan. 07, 2016
Milton | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,452,870	[2]
Initial Cost to Company, Buildings and Improvements	7,929,810	[2]
Initial Cost to Company, Total	9,382,680	[2]
Cost Capitalized Subsequent to Acquisition	631,867	[2],[3]
Gross Carrying Amount, Land	1,490,206	[2]
Gross Carrying Amount, Buildings and Improvements	8,524,341	[2]
Gross Carrying Amount, Total	10,014,547	[1],[2]
Accumulated Depreciation	$ 1,850,082	[2]
Date of Construction	2006	[2]
Date Acquired	Feb. 11, 2016	[2]
Burlington | Canada | Property One
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,293,267	[2]
Initial Cost to Company, Buildings and Improvements	10,278,861	[2]
Initial Cost to Company, Total	13,572,128	[2]
Cost Capitalized Subsequent to Acquisition	843,154	[2],[3]
Gross Carrying Amount, Land	3,377,898	[2]
Gross Carrying Amount, Buildings and Improvements	11,037,384	[2]
Gross Carrying Amount, Total	14,415,282	[1],[2]
Accumulated Depreciation	$ 2,405,590	[2]
Date of Construction	2011	[2]
Date Acquired	Feb. 11, 2016	[2]
Burlington | Canada | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,944,035	[2]
Initial Cost to Company, Buildings and Improvements	5,125,839	[2]
Initial Cost to Company, Total	8,069,874	[2]
Cost Capitalized Subsequent to Acquisition	242,547	[2],[3]
Gross Carrying Amount, Land	2,936,674	[2]
Gross Carrying Amount, Buildings and Improvements	5,375,747	[2]
Gross Carrying Amount, Total	8,312,421	[1],[2]
Accumulated Depreciation	$ 1,212,620	[2]
Date of Construction	2008	[2]
Date Acquired	Feb. 29, 2016	[2]
Oakville | Canada | Property One
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,655,215	[2]
Initial Cost to Company, Buildings and Improvements	13,072,458	[2]
Initial Cost to Company, Total	15,727,673	[2]
Cost Capitalized Subsequent to Acquisition	2,456,332	[2],[3]
Gross Carrying Amount, Land	2,723,449	[2]
Gross Carrying Amount, Buildings and Improvements	15,460,556	[2]
Gross Carrying Amount, Total	18,184,005	[1],[2]
Accumulated Depreciation	$ 3,394,879	[2]
Date of Construction	2016	[2]
Date Acquired	Feb. 11, 2016	[2]
Oakville | Canada | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,983,307	[2]
Initial Cost to Company, Buildings and Improvements	9,346,283	[2]
Initial Cost to Company, Total	12,329,590	[2]
Cost Capitalized Subsequent to Acquisition	311,685	[2],[3]
Gross Carrying Amount, Land	2,975,847	[2]
Gross Carrying Amount, Buildings and Improvements	9,665,428	[2]
Gross Carrying Amount, Total	12,641,275	[1],[2]
Accumulated Depreciation	$ 2,187,289	[2]
Date of Construction	2004	[2]
Date Acquired	Feb. 29, 2016	[2]
Xenia | Ohio
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 275,493
Initial Cost to Company, Buildings and Improvements	2,664,693
Initial Cost to Company, Total	2,940,186
Cost Capitalized Subsequent to Acquisition	175,415
Gross Carrying Amount, Land	275,493
Gross Carrying Amount, Buildings and Improvements	2,840,108
Gross Carrying Amount, Total	3,115,601	[1]
Accumulated Depreciation	$ 766,260
Date of Construction	2003
Date Acquired	Apr. 20, 2016
Sidney | Ohio
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 255,246
Initial Cost to Company, Buildings and Improvements	1,806,349
Initial Cost to Company, Total	2,061,595
Cost Capitalized Subsequent to Acquisition	232,575
Gross Carrying Amount, Land	255,246
Gross Carrying Amount, Buildings and Improvements	2,038,924
Gross Carrying Amount, Total	2,294,170	[1]
Accumulated Depreciation	$ 806,881
Date of Construction	2003
Date Acquired	Apr. 20, 2016
Greenville | Ohio
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 82,598
Initial Cost to Company, Buildings and Improvements	1,909,466
Initial Cost to Company, Total	1,992,064
Cost Capitalized Subsequent to Acquisition	209,324
Gross Carrying Amount, Land	82,598
Gross Carrying Amount, Buildings and Improvements	2,118,790
Gross Carrying Amount, Total	2,201,388	[1]
Accumulated Depreciation	$ 568,842
Date of Construction	2003
Date Acquired	Apr. 20, 2016
Washington Court House | Ohio
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 255,456
Initial Cost to Company, Buildings and Improvements	1,882,203
Initial Cost to Company, Total	2,137,659
Cost Capitalized Subsequent to Acquisition	173,835
Gross Carrying Amount, Land	255,456
Gross Carrying Amount, Buildings and Improvements	2,056,038
Gross Carrying Amount, Total	2,311,494	[1]
Accumulated Depreciation	$ 571,588
Date of Construction	2003
Date Acquired	Apr. 20, 2016
Richmond | Indiana
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 223,159
Initial Cost to Company, Buildings and Improvements	2,944,379
Initial Cost to Company, Total	3,167,538
Cost Capitalized Subsequent to Acquisition	225,125
Gross Carrying Amount, Land	223,159
Gross Carrying Amount, Buildings and Improvements	3,169,504
Gross Carrying Amount, Total	3,392,663	[1]
Accumulated Depreciation	$ 900,168
Date of Construction	2003
Date Acquired	Apr. 20, 2016
Connersville | Indiana
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 155,533
Initial Cost to Company, Buildings and Improvements	1,652,290
Initial Cost to Company, Total	1,807,823
Cost Capitalized Subsequent to Acquisition	155,266
Gross Carrying Amount, Land	155,533
Gross Carrying Amount, Buildings and Improvements	1,807,556
Gross Carrying Amount, Total	1,963,089	[1]
Accumulated Depreciation	$ 506,706
Date of Construction	2003
Date Acquired	Apr. 20, 2016
Port St. Lucie | Florida | Property One
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,589,781
Initial Cost to Company, Buildings and Improvements	6,339,578
Initial Cost to Company, Total	8,929,359
Cost Capitalized Subsequent to Acquisition	269,080
Gross Carrying Amount, Land	2,589,781
Gross Carrying Amount, Buildings and Improvements	6,608,658
Gross Carrying Amount, Total	9,198,439	[1]
Accumulated Depreciation	$ 1,585,837
Date of Construction	1999
Date Acquired	Apr. 29, 2016
Port St. Lucie | Florida | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 6,897,272
Initial Cost to Company, Land	5,130,621
Initial Cost to Company, Buildings and Improvements	8,410,474
Initial Cost to Company, Total	13,541,095
Cost Capitalized Subsequent to Acquisition	455,469
Gross Carrying Amount, Land	5,130,621
Gross Carrying Amount, Buildings and Improvements	8,865,943
Gross Carrying Amount, Total	13,996,564	[1]
Accumulated Depreciation	$ 2,179,584
Date of Construction	2002
Date Acquired	Jun. 01, 2016
Sacramento | California
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,205,209
Initial Cost to Company, Buildings and Improvements	6,616,767
Initial Cost to Company, Total	7,821,976
Cost Capitalized Subsequent to Acquisition	146,392
Gross Carrying Amount, Land	991,287
Gross Carrying Amount, Buildings and Improvements	6,977,081
Gross Carrying Amount, Total	7,968,368	[1]
Accumulated Depreciation	$ 1,538,414
Date of Construction	2006
Date Acquired	May 09, 2016
Oakland | California
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 5,711,189
Initial Cost to Company, Buildings and Improvements	6,902,446
Initial Cost to Company, Total	12,613,635
Cost Capitalized Subsequent to Acquisition	346,418
Gross Carrying Amount, Land	5,711,189
Gross Carrying Amount, Buildings and Improvements	7,248,864
Gross Carrying Amount, Total	12,960,053	[1]
Accumulated Depreciation	$ 1,582,865
Date of Construction	1979
Date Acquired	May 18, 2016
Concord | California
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 19,090,003
Initial Cost to Company, Buildings and Improvements	17,202,868
Initial Cost to Company, Total	36,292,871
Cost Capitalized Subsequent to Acquisition	923,103
Gross Carrying Amount, Land	19,090,003
Gross Carrying Amount, Buildings and Improvements	18,125,971
Gross Carrying Amount, Total	37,215,974	[1]
Accumulated Depreciation	$ 4,029,552
Date of Construction	1988/1998
Date Acquired	May 18, 2016
Pompano Beach | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 8,502,149
Initial Cost to Company, Land	3,947,715
Initial Cost to Company, Buildings and Improvements	16,656,002
Initial Cost to Company, Total	20,603,717
Cost Capitalized Subsequent to Acquisition	299,630
Gross Carrying Amount, Land	3,947,715
Gross Carrying Amount, Buildings and Improvements	16,955,632
Gross Carrying Amount, Total	20,903,347	[1]
Accumulated Depreciation	$ 3,365,982
Date of Construction	1979
Date Acquired	Jun. 01, 2016
Lake Worth | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 10,225,596
Initial Cost to Company, Land	12,108,208
Initial Cost to Company, Buildings and Improvements	10,804,173
Initial Cost to Company, Total	22,912,381
Cost Capitalized Subsequent to Acquisition	399,142
Gross Carrying Amount, Land	12,108,208
Gross Carrying Amount, Buildings and Improvements	11,203,315
Gross Carrying Amount, Total	23,311,523	[1]
Accumulated Depreciation	$ 3,093,048
Date of Construction	1998/2003
Date Acquired	Jun. 01, 2016
Jupiter | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 11,469,344
Initial Cost to Company, Land	16,029,881
Initial Cost to Company, Buildings and Improvements	10,556,833
Initial Cost to Company, Total	26,586,714
Cost Capitalized Subsequent to Acquisition	406,654
Gross Carrying Amount, Land	16,029,881
Gross Carrying Amount, Buildings and Improvements	10,963,487
Gross Carrying Amount, Total	26,993,368	[1]
Accumulated Depreciation	$ 2,521,208
Date of Construction	1992/2012
Date Acquired	Jun. 01, 2016
Royal Palm Beach | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 9,604,947
Initial Cost to Company, Land	11,425,394
Initial Cost to Company, Buildings and Improvements	13,275,322
Initial Cost to Company, Total	24,700,716
Cost Capitalized Subsequent to Acquisition	356,831
Gross Carrying Amount, Land	11,425,394
Gross Carrying Amount, Buildings and Improvements	13,632,153
Gross Carrying Amount, Total	25,057,547	[1]
Accumulated Depreciation	$ 3,501,241
Date of Construction	2001/2003
Date Acquired	Jun. 01, 2016
Wellington | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 10,233,511
Initial Cost to Company, Buildings and Improvements	11,662,801
Initial Cost to Company, Total	21,896,312
Cost Capitalized Subsequent to Acquisition	259,926
Gross Carrying Amount, Land	10,233,511
Gross Carrying Amount, Buildings and Improvements	11,922,727
Gross Carrying Amount, Total	22,156,238	[1]
Accumulated Depreciation	$ 2,553,809
Date of Construction	2005
Date Acquired	Jun. 01, 2016
Doral | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 11,335,658
Initial Cost to Company, Buildings and Improvements	11,485,045
Initial Cost to Company, Total	22,820,703
Cost Capitalized Subsequent to Acquisition	384,227
Gross Carrying Amount, Land	11,335,658
Gross Carrying Amount, Buildings and Improvements	11,869,272
Gross Carrying Amount, Total	23,204,930	[1]
Accumulated Depreciation	$ 2,599,570
Date of Construction	1998
Date Acquired	Jun. 01, 2016
Plantation | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 15,267,178
Initial Cost to Company, Land	12,989,079
Initial Cost to Company, Buildings and Improvements	19,224,919
Initial Cost to Company, Total	32,213,998
Cost Capitalized Subsequent to Acquisition	851,417
Gross Carrying Amount, Land	12,989,079
Gross Carrying Amount, Buildings and Improvements	20,076,336
Gross Carrying Amount, Total	33,065,415	[1]
Accumulated Depreciation	$ 4,267,131
Date of Construction	2002/2012
Date Acquired	Jun. 01, 2016
Naples | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 11,789,085
Initial Cost to Company, Buildings and Improvements	12,771,305
Initial Cost to Company, Total	24,560,390
Cost Capitalized Subsequent to Acquisition	395,774
Gross Carrying Amount, Land	11,789,085
Gross Carrying Amount, Buildings and Improvements	13,167,079
Gross Carrying Amount, Total	24,956,164	[1]
Accumulated Depreciation	$ 2,778,539
Date of Construction	2002
Date Acquired	Jun. 01, 2016
Delray | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 11,753,240
Initial Cost to Company, Land	17,096,692
Initial Cost to Company, Buildings and Improvements	12,983,627
Initial Cost to Company, Total	30,080,319
Cost Capitalized Subsequent to Acquisition	347,660
Gross Carrying Amount, Land	17,096,692
Gross Carrying Amount, Buildings and Improvements	13,331,287
Gross Carrying Amount, Total	30,427,979	[1]
Accumulated Depreciation	$ 2,921,059
Date of Construction	2003
Date Acquired	Jun. 01, 2016
Baltimore | Maryland
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,897,872
Initial Cost to Company, Buildings and Improvements	22,427,843
Initial Cost to Company, Total	26,325,715
Cost Capitalized Subsequent to Acquisition	717,900
Gross Carrying Amount, Land	3,897,872
Gross Carrying Amount, Buildings and Improvements	23,145,743
Gross Carrying Amount, Total	27,043,615	[1]
Accumulated Depreciation	$ 5,166,657
Date of Construction	1990/2014
Date Acquired	Jun. 01, 2016
Sonoma | California
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 6,795,065
Initial Cost to Company, Land	3,468,153
Initial Cost to Company, Buildings and Improvements	3,679,939
Initial Cost to Company, Total	7,148,092
Cost Capitalized Subsequent to Acquisition	224,692
Gross Carrying Amount, Land	3,468,153
Gross Carrying Amount, Buildings and Improvements	3,904,631
Gross Carrying Amount, Total	7,372,784	[1]
Accumulated Depreciation	$ 922,006
Date of Construction	1984
Date Acquired	Jun. 14, 2016
Las Vegas I | Nevada | Property One
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 11,158,848
Initial Cost to Company, Land	2,391,220
Initial Cost to Company, Buildings and Improvements	11,117,892
Initial Cost to Company, Total	13,509,112
Cost Capitalized Subsequent to Acquisition	308,960
Gross Carrying Amount, Land	2,391,220
Gross Carrying Amount, Buildings and Improvements	11,426,852
Gross Carrying Amount, Total	13,818,072	[1]
Accumulated Depreciation	$ 2,275,449
Date of Construction	2002
Date Acquired	Jul. 28, 2016
Las Vegas II | Nevada | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 11,207,605
Initial Cost to Company, Land	3,840,088
Initial Cost to Company, Buildings and Improvements	9,916,937
Initial Cost to Company, Total	13,757,025
Cost Capitalized Subsequent to Acquisition	356,819
Gross Carrying Amount, Land	3,840,088
Gross Carrying Amount, Buildings and Improvements	10,273,756
Gross Carrying Amount, Total	14,113,844	[1]
Accumulated Depreciation	$ 2,195,007
Date of Construction	2000
Date Acquired	Sep. 23, 2016
Las Vegas III | Nevada | Property Three
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 8,474,386
Initial Cost to Company, Land	2,565,579
Initial Cost to Company, Buildings and Improvements	6,338,944
Initial Cost to Company, Total	8,904,523
Cost Capitalized Subsequent to Acquisition	448,830
Gross Carrying Amount, Land	2,565,579
Gross Carrying Amount, Buildings and Improvements	6,787,774
Gross Carrying Amount, Total	9,353,353	[1]
Accumulated Depreciation	$ 1,494,689
Date of Construction	1989
Date Acquired	Sep. 27, 2016
Asheville I | North Carolina | Property One
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,619,676
Initial Cost to Company, Buildings and Improvements	11,173,603
Initial Cost to Company, Total	14,793,279
Cost Capitalized Subsequent to Acquisition	517,214
Gross Carrying Amount, Land	3,619,676
Gross Carrying Amount, Buildings and Improvements	11,690,817
Gross Carrying Amount, Total	15,310,493	[1]
Accumulated Depreciation	$ 2,560,579
Date of Construction	1988/2005/2015
Date Acquired	Dec. 30, 2016
Asheville II | North Carolina | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,764,969
Initial Cost to Company, Buildings and Improvements	3,107,311
Initial Cost to Company, Total	4,872,280
Cost Capitalized Subsequent to Acquisition	261,878
Gross Carrying Amount, Land	1,764,969
Gross Carrying Amount, Buildings and Improvements	3,369,189
Gross Carrying Amount, Total	5,134,158	[1]
Accumulated Depreciation	$ 778,907
Date of Construction	1984
Date Acquired	Dec. 30, 2016
Hendersonville I | North Carolina | Property One
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,081,547
Initial Cost to Company, Buildings and Improvements	3,441,204
Initial Cost to Company, Total	4,522,751
Cost Capitalized Subsequent to Acquisition	269,243
Gross Carrying Amount, Land	1,081,547
Gross Carrying Amount, Buildings and Improvements	3,710,447
Gross Carrying Amount, Total	4,791,994	[1]
Accumulated Depreciation	$ 807,391
Date of Construction	1982
Date Acquired	Dec. 30, 2016
Asheville III | North Carolina | Property Three
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 5,096,833
Initial Cost to Company, Buildings and Improvements	4,620,013
Initial Cost to Company, Total	9,716,846
Cost Capitalized Subsequent to Acquisition	298,426
Gross Carrying Amount, Land	5,096,833
Gross Carrying Amount, Buildings and Improvements	4,918,439
Gross Carrying Amount, Total	10,015,272	[1]
Accumulated Depreciation	$ 1,188,790
Date of Construction	1991/2002
Date Acquired	Dec. 30, 2016
Arden | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,790,118
Initial Cost to Company, Buildings and Improvements	10,265,741
Initial Cost to Company, Total	12,055,859
Cost Capitalized Subsequent to Acquisition	553,138
Gross Carrying Amount, Land	1,790,118
Gross Carrying Amount, Buildings and Improvements	10,818,879
Gross Carrying Amount, Total	12,608,997	[1]
Accumulated Depreciation	$ 2,108,799
Date of Construction	1973
Date Acquired	Dec. 30, 2016
Asheville IV | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 4,558,139
Initial Cost to Company, Buildings and Improvements	4,455,118
Initial Cost to Company, Total	9,013,257
Cost Capitalized Subsequent to Acquisition	294,611
Gross Carrying Amount, Land	4,558,139
Gross Carrying Amount, Buildings and Improvements	4,749,729
Gross Carrying Amount, Total	9,307,868	[1]
Accumulated Depreciation	$ 1,158,851
Date of Construction	1985/1986/2005
Date Acquired	Dec. 30, 2016
Asheville V | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,414,680
Initial Cost to Company, Buildings and Improvements	7,826,417
Initial Cost to Company, Total	10,241,097
Cost Capitalized Subsequent to Acquisition	433,376
Gross Carrying Amount, Land	2,414,680
Gross Carrying Amount, Buildings and Improvements	8,259,793
Gross Carrying Amount, Total	10,674,473	[1]
Accumulated Depreciation	$ 1,794,288
Date of Construction	1978/2009/2014
Date Acquired	Dec. 30, 2016
Asheville VI | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,306,240
Initial Cost to Company, Buildings and Improvements	5,121,332
Initial Cost to Company, Total	6,427,572
Cost Capitalized Subsequent to Acquisition	288,489
Gross Carrying Amount, Land	1,306,240
Gross Carrying Amount, Buildings and Improvements	5,409,821
Gross Carrying Amount, Total	6,716,061	[1]
Accumulated Depreciation	$ 1,099,654
Date of Construction	2004
Date Acquired	Dec. 30, 2016
Asheville VIII | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,764,965
Initial Cost to Company, Buildings and Improvements	6,162,855
Initial Cost to Company, Total	7,927,820
Cost Capitalized Subsequent to Acquisition	319,160
Gross Carrying Amount, Land	1,764,965
Gross Carrying Amount, Buildings and Improvements	6,482,015
Gross Carrying Amount, Total	8,246,980	[1]
Accumulated Depreciation	$ 1,456,375
Date of Construction	1968/2002
Date Acquired	Dec. 30, 2016
Hendersonville II | North Carolina | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,597,584
Initial Cost to Company, Buildings and Improvements	5,037,350
Initial Cost to Company, Total	7,634,934
Cost Capitalized Subsequent to Acquisition	341,573
Gross Carrying Amount, Land	2,597,584
Gross Carrying Amount, Buildings and Improvements	5,378,923
Gross Carrying Amount, Total	7,976,507	[1]
Accumulated Depreciation	$ 1,385,172
Date of Construction	1989/2003
Date Acquired	Dec. 30, 2016
Asheville VII | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 782,457
Initial Cost to Company, Buildings and Improvements	2,139,791
Initial Cost to Company, Total	2,922,248
Cost Capitalized Subsequent to Acquisition	95,973
Gross Carrying Amount, Land	782,457
Gross Carrying Amount, Buildings and Improvements	2,235,764
Gross Carrying Amount, Total	3,018,221	[1]
Accumulated Depreciation	$ 526,446
Date of Construction	1999
Date Acquired	Dec. 30, 2016
Sweeten Creek Land | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 348,480
Initial Cost to Company, Total	348,480
Gross Carrying Amount, Land	348,480
Gross Carrying Amount, Total	$ 348,480	[1]
Date Acquired	Dec. 30, 2016
Highland Center Land | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 50,000
Initial Cost to Company, Total	50,000
Gross Carrying Amount, Land	50,000
Gross Carrying Amount, Total	$ 50,000	[1]
Date Acquired	Dec. 30, 2016
Aurora II | Colorado | Property Two
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,584,664
Initial Cost to Company, Buildings and Improvements	8,196,091
Initial Cost to Company, Total	9,780,755
Cost Capitalized Subsequent to Acquisition	161,797
Gross Carrying Amount, Land	1,584,664
Gross Carrying Amount, Buildings and Improvements	8,357,888
Gross Carrying Amount, Total	9,942,552	[1]
Accumulated Depreciation	$ 1,959,680
Date of Construction	2012
Date Acquired	Jan. 11, 2017
Dufferin | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 6,258,511	[2]
Initial Cost to Company, Buildings and Improvements	16,287,332	[2]
Initial Cost to Company, Total	22,545,843	[2]
Cost Capitalized Subsequent to Acquisition	1,698,188	[2],[3]
Gross Carrying Amount, Land	6,544,256	[2]
Gross Carrying Amount, Buildings and Improvements	17,699,775	[2]
Gross Carrying Amount, Total	24,244,031	[1],[2]
Accumulated Depreciation	$ 3,371,759	[2]
Date of Construction	2015	[2]
Date Acquired	Feb. 01, 2017	[2]
Mavis | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 4,657,233	[2]
Initial Cost to Company, Buildings and Improvements	14,493,508	[2]
Initial Cost to Company, Total	19,150,741	[2]
Cost Capitalized Subsequent to Acquisition	1,207,696	[2],[3]
Gross Carrying Amount, Land	4,869,868	[2]
Gross Carrying Amount, Buildings and Improvements	15,488,569	[2]
Gross Carrying Amount, Total	20,358,437	[2]
Accumulated Depreciation	$ 2,908,138	[2]
Date of Construction	2013	[2]
Date Acquired	Feb. 01, 2017	[2]
Brewster | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 4,136,329	[2]
Initial Cost to Company, Buildings and Improvements	9,527,410	[2]
Initial Cost to Company, Total	13,663,739	[2]
Cost Capitalized Subsequent to Acquisition	837,189	[2],[3]
Gross Carrying Amount, Land	4,325,182	[2]
Gross Carrying Amount, Buildings and Improvements	10,175,746	[2]
Gross Carrying Amount, Total	14,500,928	[2]
Accumulated Depreciation	$ 1,956,001	[2]
Date of Construction	2013	[2]
Date Acquired	Feb. 01, 2017	[2]
Granite | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,126,446	[2]
Initial Cost to Company, Buildings and Improvements	8,701,429	[2]
Initial Cost to Company, Total	11,827,875	[2]
Cost Capitalized Subsequent to Acquisition	724,916	[2],[3]
Gross Carrying Amount, Land	3,269,190	[2]
Gross Carrying Amount, Buildings and Improvements	9,283,601	[2]
Gross Carrying Amount, Total	12,552,791	[2]
Accumulated Depreciation	$ 1,698,329	[2]
Date of Construction	1998/2016	[2]
Date Acquired	Feb. 01, 2017	[2]
Centennial | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,714,644	[2]
Initial Cost to Company, Buildings and Improvements	11,428,538	[2]
Initial Cost to Company, Total	13,143,182	[2]
Cost Capitalized Subsequent to Acquisition	688,090	[2],[3]
Gross Carrying Amount, Land	1,792,930	[2]
Gross Carrying Amount, Buildings and Improvements	12,038,342	[2]
Gross Carrying Amount, Total	13,831,272	[2]
Accumulated Depreciation	$ 2,161,162	[2]
Date of Construction	2016/2017	[2]
Date Acquired	Feb. 01, 2017	[2]
Ft Pierce | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 8,764,926
Initial Cost to Company, Land	1,152,931
Initial Cost to Company, Buildings and Improvements	12,398,306
Initial Cost to Company, Total	13,551,237
Cost Capitalized Subsequent to Acquisition	229,192
Gross Carrying Amount, Land	1,152,931
Gross Carrying Amount, Buildings and Improvements	12,627,498
Gross Carrying Amount, Total	13,780,429	[1]
Accumulated Depreciation	$ 1,559,942
Date of Construction	2008
Date Acquired	Jan. 24, 2019
Russell Blvd, Las Vegas II | Nevada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,433,634
Initial Cost to Company, Buildings and Improvements	15,449,497
Initial Cost to Company, Total	18,883,131
Cost Capitalized Subsequent to Acquisition	692,595
Gross Carrying Amount, Land	3,510,075
Gross Carrying Amount, Buildings and Improvements	16,065,651
Gross Carrying Amount, Total	19,575,726	[1]
Accumulated Depreciation	$ 2,455,682
Date of Construction	1996
Date Acquired	Jan. 24, 2019
Jones Blvd, Las Vegas I | Nevada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,975,283
Initial Cost to Company, Buildings and Improvements	12,565,410
Initial Cost to Company, Total	14,540,693
Cost Capitalized Subsequent to Acquisition	186,266
Gross Carrying Amount, Land	1,975,283
Gross Carrying Amount, Buildings and Improvements	12,751,676
Gross Carrying Amount, Total	14,726,959	[1]
Accumulated Depreciation	$ 1,561,518
Date of Construction	1999
Date Acquired	Jan. 24, 2019
Airport Rd, Colorado Springs | Colorado
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 870,373
Initial Cost to Company, Buildings and Improvements	7,877,813
Initial Cost to Company, Total	8,748,186
Cost Capitalized Subsequent to Acquisition	312,027
Gross Carrying Amount, Land	870,373
Gross Carrying Amount, Buildings and Improvements	8,189,840
Gross Carrying Amount, Total	9,060,213	[1]
Accumulated Depreciation	$ 1,082,369
Date of Construction	1983
Date Acquired	Jan. 24, 2019
Riverside | California
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,259,685
Initial Cost to Company, Buildings and Improvements	6,995,794
Initial Cost to Company, Total	8,255,479
Cost Capitalized Subsequent to Acquisition	365,030
Gross Carrying Amount, Land	1,259,685
Gross Carrying Amount, Buildings and Improvements	7,360,824
Gross Carrying Amount, Total	8,620,509	[1]
Accumulated Depreciation	$ 1,024,838
Date of Construction	1980
Date Acquired	Jan. 24, 2019
Stockton | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 783,938
Initial Cost to Company, Buildings and Improvements	7,706,492
Initial Cost to Company, Total	8,490,430
Cost Capitalized Subsequent to Acquisition	215,432
Gross Carrying Amount, Land	783,938
Gross Carrying Amount, Buildings and Improvements	7,921,924
Gross Carrying Amount, Total	8,705,862	[1]
Accumulated Depreciation	$ 1,063,931
Date of Construction	1984
Date Acquired	Jan. 24, 2019
Azusa | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 4,384,861
Initial Cost to Company, Buildings and Improvements	9,153,677
Initial Cost to Company, Total	13,538,538
Cost Capitalized Subsequent to Acquisition	192,710
Gross Carrying Amount, Land	4,384,861
Gross Carrying Amount, Buildings and Improvements	9,346,387
Gross Carrying Amount, Total	13,731,248	[1]
Accumulated Depreciation	$ 1,201,203
Date of Construction	1986
Date Acquired	Jan. 24, 2019
Romeoville | Illinois
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 964,701
Initial Cost to Company, Buildings and Improvements	5,755,146
Initial Cost to Company, Total	6,719,847
Cost Capitalized Subsequent to Acquisition	369,798
Gross Carrying Amount, Land	964,701
Gross Carrying Amount, Buildings and Improvements	6,124,944
Gross Carrying Amount, Total	7,089,645	[1]
Accumulated Depreciation	$ 870,184
Date of Construction	1986
Date Acquired	Jan. 24, 2019
Elgin | Illinois
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,162,197
Initial Cost to Company, Buildings and Improvements	2,895,052
Initial Cost to Company, Total	4,057,249
Cost Capitalized Subsequent to Acquisition	184,869
Gross Carrying Amount, Land	1,162,197
Gross Carrying Amount, Buildings and Improvements	3,079,921
Gross Carrying Amount, Total	4,242,118	[1]
Accumulated Depreciation	$ 554,774
Date of Construction	1986
Date Acquired	Jan. 24, 2019
San Antonio I | Texas | Property One
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,602,740
Initial Cost to Company, Buildings and Improvements	9,196,093
Initial Cost to Company, Total	10,798,833
Cost Capitalized Subsequent to Acquisition	213,577
Gross Carrying Amount, Land	1,602,740
Gross Carrying Amount, Buildings and Improvements	9,409,670
Gross Carrying Amount, Total	11,012,410	[1]
Accumulated Depreciation	$ 1,225,041
Date of Construction	1998
Date Acquired	Jan. 24, 2019
Kingwood | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,016,291
Initial Cost to Company, Buildings and Improvements	9,358,519
Initial Cost to Company, Total	10,374,810
Cost Capitalized Subsequent to Acquisition	228,992
Gross Carrying Amount, Land	1,016,291
Gross Carrying Amount, Buildings and Improvements	9,587,511
Gross Carrying Amount, Total	10,603,802	[1]
Accumulated Depreciation	$ 1,301,662
Date of Construction	2001
Date Acquired	Jan. 24, 2019
Aurora III | Colorado
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,678,141
Initial Cost to Company, Buildings and Improvements	5,958,219
Initial Cost to Company, Total	7,636,360
Cost Capitalized Subsequent to Acquisition	134,038
Gross Carrying Amount, Land	1,678,141
Gross Carrying Amount, Buildings and Improvements	6,092,257
Gross Carrying Amount, Total	7,770,398	[1]
Accumulated Depreciation	$ 1,041,306
Date of Construction	2015
Date Acquired	Jan. 24, 2019
Stoney Creek I | C A- O N | Property One
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,363,127	[2]
Initial Cost to Company, Buildings and Improvements	8,154,202	[2]
Initial Cost to Company, Total	10,517,329	[2]
Cost Capitalized Subsequent to Acquisition	(47,151)	[2],[3]
Gross Carrying Amount, Land	2,328,422	[2]
Gross Carrying Amount, Buildings and Improvements	8,141,756	[2]
Gross Carrying Amount, Total	10,470,178	[1],[2]
Accumulated Depreciation	$ 1,089,451	[2]
Date Acquired	Jan. 24, 2019	[2]
Torbarrie | C A- O N
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,714,051	[2]
Initial Cost to Company, Buildings and Improvements	5,262,813	[2]
Initial Cost to Company, Total	7,976,864	[2]
Cost Capitalized Subsequent to Acquisition	7,949,502	[2],[3]
Gross Carrying Amount, Land	2,674,192	[2]
Gross Carrying Amount, Buildings and Improvements	13,252,174	[2]
Gross Carrying Amount, Total	15,926,366	[1],[2]
Accumulated Depreciation	$ 1,406,635	[2]
Date of Construction	1980	[2]
Date Acquired	Jan. 24, 2019	[2]
Baseline | Arizona
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,307,289
Initial Cost to Company, Buildings and Improvements	11,385,380
Initial Cost to Company, Total	12,692,669
Cost Capitalized Subsequent to Acquisition	220,452
Gross Carrying Amount, Land	1,307,289
Gross Carrying Amount, Buildings and Improvements	11,605,832
Gross Carrying Amount, Total	12,913,121	[1]
Accumulated Depreciation	$ 1,551,922
Date of Construction	2016
Date Acquired	Jan. 24, 2019
3173 Sweeten Creek Rd, Asheville | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,036,164
Initial Cost to Company, Buildings and Improvements	8,764,558
Initial Cost to Company, Total	9,800,722
Cost Capitalized Subsequent to Acquisition	1,234,645
Gross Carrying Amount, Land	1,036,164
Gross Carrying Amount, Buildings and Improvements	9,999,203
Gross Carrying Amount, Total	11,035,367	[1]
Accumulated Depreciation	$ 1,223,873
Date of Construction	1982
Date Acquired	Jan. 24, 2019
Elk Grove | Illinois
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,384,166
Initial Cost to Company, Buildings and Improvements	6,000,071
Initial Cost to Company, Total	8,384,237
Cost Capitalized Subsequent to Acquisition	211,960
Gross Carrying Amount, Land	2,384,166
Gross Carrying Amount, Buildings and Improvements	6,212,031
Gross Carrying Amount, Total	8,596,197	[1]
Accumulated Depreciation	$ 852,715
Date of Construction	2016
Date Acquired	Jan. 24, 2019
Garden Grove | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 8,076,202
Initial Cost to Company, Buildings and Improvements	13,152,494
Initial Cost to Company, Total	21,228,696
Cost Capitalized Subsequent to Acquisition	279,159
Gross Carrying Amount, Land	8,076,202
Gross Carrying Amount, Buildings and Improvements	13,431,653
Gross Carrying Amount, Total	21,507,855	[1]
Accumulated Depreciation	$ 1,743,967
Date of Construction	2017
Date Acquired	Jan. 24, 2019
Deaverview Rd, Asheville | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,449,001
Initial Cost to Company, Buildings and Improvements	4,412,039
Initial Cost to Company, Total	5,861,040
Cost Capitalized Subsequent to Acquisition	315,871
Gross Carrying Amount, Land	1,449,001
Gross Carrying Amount, Buildings and Improvements	4,727,910
Gross Carrying Amount, Total	6,176,911	[1]
Accumulated Depreciation	$ 693,994
Date of Construction	1992
Date Acquired	Jan. 24, 2019
Highland Center Blvd, Asheville | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,763,875
Initial Cost to Company, Buildings and Improvements	4,823,116
Initial Cost to Company, Total	6,586,991
Cost Capitalized Subsequent to Acquisition	302,930
Gross Carrying Amount, Land	1,763,875
Gross Carrying Amount, Buildings and Improvements	5,126,046
Gross Carrying Amount, Total	6,889,921	[1]
Accumulated Depreciation	$ 713,589
Date of Construction	1994
Date Acquired	Jan. 24, 2019
Sarasota | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,084,165
Initial Cost to Company, Buildings and Improvements	7,359,913
Initial Cost to Company, Total	8,444,078
Cost Capitalized Subsequent to Acquisition	137,663
Gross Carrying Amount, Land	1,084,165
Gross Carrying Amount, Buildings and Improvements	7,497,576
Gross Carrying Amount, Total	8,581,741	[1]
Accumulated Depreciation	$ 933,825
Date of Construction	2017
Date Acquired	Jan. 24, 2019
Mount Pleasant | South Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,054,553
Initial Cost to Company, Buildings and Improvements	5,678,794
Initial Cost to Company, Total	6,733,347
Cost Capitalized Subsequent to Acquisition	139,511
Gross Carrying Amount, Land	1,054,553
Gross Carrying Amount, Buildings and Improvements	5,818,305
Gross Carrying Amount, Total	6,872,858	[1]
Accumulated Depreciation	$ 724,650
Date of Construction	2016
Date Acquired	Jan. 24, 2019
Nantucket | Massachusetts
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 20,207,278
Initial Cost to Company, Land	5,854,837
Initial Cost to Company, Buildings and Improvements	33,210,517
Initial Cost to Company, Total	39,065,354
Cost Capitalized Subsequent to Acquisition	199,113
Gross Carrying Amount, Land	5,854,837
Gross Carrying Amount, Buildings and Improvements	33,409,630
Gross Carrying Amount, Total	39,264,467	[1]
Accumulated Depreciation	$ 4,002,850
Date of Construction	2002
Date Acquired	Jan. 24, 2019
Pembroke Pines | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,146,970
Initial Cost to Company, Buildings and Improvements	14,296,167
Initial Cost to Company, Total	17,443,137
Cost Capitalized Subsequent to Acquisition	127,183
Gross Carrying Amount, Land	3,146,970
Gross Carrying Amount, Buildings and Improvements	14,423,350
Gross Carrying Amount, Total	17,570,320	[1]
Accumulated Depreciation	$ 1,822,621
Date of Construction	2018
Date Acquired	Jan. 24, 2019
Riverview | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,593,082
Initial Cost to Company, Buildings and Improvements	7,102,271
Initial Cost to Company, Total	8,695,353
Cost Capitalized Subsequent to Acquisition	3,294,325
Gross Carrying Amount, Land	2,405,974
Gross Carrying Amount, Buildings and Improvements	9,583,704
Gross Carrying Amount, Total	11,989,678	[1]
Accumulated Depreciation	$ 1,097,546
Date of Construction	2018
Date Acquired	Jan. 24, 2019
Eastlake | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,120,104
Initial Cost to Company, Buildings and Improvements	15,417,746
Initial Cost to Company, Total	17,537,850
Cost Capitalized Subsequent to Acquisition	169,002
Gross Carrying Amount, Land	2,120,104
Gross Carrying Amount, Buildings and Improvements	15,586,748
Gross Carrying Amount, Total	17,706,852	[1]
Accumulated Depreciation	$ 1,815,870
Date of Construction	2018
Date Acquired	Jan. 24, 2019
McKinney | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,177,186
Initial Cost to Company, Buildings and Improvements	9,320,876
Initial Cost to Company, Total	11,498,062
Cost Capitalized Subsequent to Acquisition	222,422
Gross Carrying Amount, Land	2,101,521
Gross Carrying Amount, Buildings and Improvements	9,618,963
Gross Carrying Amount, Total	11,720,484	[1]
Accumulated Depreciation	$ 1,183,221
Date of Construction	2016
Date Acquired	Jan. 24, 2019
Hualapai Way, Las Vegas | Nevada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 742,839
Initial Cost to Company, Buildings and Improvements	9,018,717
Initial Cost to Company, Total	9,761,556
Cost Capitalized Subsequent to Acquisition	95,212
Gross Carrying Amount, Land	742,839
Gross Carrying Amount, Buildings and Improvements	9,113,929
Gross Carrying Amount, Total	9,856,768	[1]
Accumulated Depreciation	$ 1,132,369
Date of Construction	2018
Date Acquired	Jan. 24, 2019
Gilbert | Arizona
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,379,687
Initial Cost to Company, Buildings and Improvements	9,021,255
Initial Cost to Company, Total	10,400,942
Cost Capitalized Subsequent to Acquisition	375,672
Gross Carrying Amount, Land	1,037,750
Gross Carrying Amount, Buildings and Improvements	9,738,864
Gross Carrying Amount, Total	10,776,614	[1]
Accumulated Depreciation	$ 1,100,568
Date of Construction	2019
Date Acquired	Jul. 11, 2019
Industrial, Jensen Beach | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 4,009,000
Initial Cost to Company, Land	893,648
Initial Cost to Company, Buildings and Improvements	6,969,348
Initial Cost to Company, Total	7,862,996
Cost Capitalized Subsequent to Acquisition	42,310
Gross Carrying Amount, Land	893,648
Gross Carrying Amount, Buildings and Improvements	7,011,658
Gross Carrying Amount, Total	7,905,306	[1]
Accumulated Depreciation	$ 415,305
Date of Construction	1979
Date Acquired	Mar. 17, 2021
Emmett F Lowry Expy | Texas
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 5,112,000
Initial Cost to Company, Land	940,119
Initial Cost to Company, Buildings and Improvements	8,643,066
Initial Cost to Company, Total	9,583,185
Cost Capitalized Subsequent to Acquisition	34,593
Gross Carrying Amount, Land	940,119
Gross Carrying Amount, Buildings and Improvements	8,677,659
Gross Carrying Amount, Total	9,617,778	[1]
Accumulated Depreciation	$ 507,728
Date of Construction	2010
Date Acquired	Mar. 17, 2021
Van Buren Blvd, Riverside II | Canada
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,510,000
Initial Cost to Company, Land	2,308,151
Initial Cost to Company, Buildings and Improvements	7,393,117
Initial Cost to Company, Total	9,701,268
Cost Capitalized Subsequent to Acquisition	147,637
Gross Carrying Amount, Land	2,308,151
Gross Carrying Amount, Buildings and Improvements	7,540,754
Gross Carrying Amount, Total	9,848,905	[1]
Accumulated Depreciation	$ 418,015
Date of Construction	1984
Date Acquired	Mar. 17, 2021
Las Vegas Blvd, Las Vegas | Nevada
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 5,413,000
Initial Cost to Company, Land	922,569
Initial Cost to Company, Buildings and Improvements	11,035,721
Initial Cost to Company, Total	11,958,290
Cost Capitalized Subsequent to Acquisition	61,779
Gross Carrying Amount, Land	922,569
Gross Carrying Amount, Buildings and Improvements	11,097,500
Gross Carrying Amount, Total	12,020,069	[1]
Accumulated Depreciation	$ 591,900
Date of Construction	1996
Date Acquired	Mar. 17, 2021
Goodlette Rd, Naples | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,467,683
Initial Cost to Company, Buildings and Improvements	18,647,151
Initial Cost to Company, Total	21,114,834
Cost Capitalized Subsequent to Acquisition	105,108
Gross Carrying Amount, Land	2,467,683
Gross Carrying Amount, Buildings and Improvements	18,752,259
Gross Carrying Amount, Total	21,219,942	[1]
Accumulated Depreciation	$ 1,027,884
Date of Construction	2001
Date Acquired	Mar. 17, 2021
Centennial Pkwy, LV II | Nevada
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 7,118,000
Initial Cost to Company, Land	1,397,045
Initial Cost to Company, Buildings and Improvements	15,193,510
Initial Cost to Company, Total	16,590,555
Cost Capitalized Subsequent to Acquisition	57,329
Gross Carrying Amount, Land	1,397,045
Gross Carrying Amount, Buildings and Improvements	15,250,839
Gross Carrying Amount, Total	16,647,884	[1]
Accumulated Depreciation	$ 841,303
Date of Construction	2006
Date Acquired	Mar. 17, 2021
Texas Ave, College Station | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,530,460
Initial Cost to Company, Buildings and Improvements	5,583,528
Initial Cost to Company, Total	9,113,988
Cost Capitalized Subsequent to Acquisition	24,331
Gross Carrying Amount, Land	3,530,460
Gross Carrying Amount, Buildings and Improvements	5,607,859
Gross Carrying Amount, Total	9,138,319	[1]
Accumulated Depreciation	$ 356,471
Date of Construction	2004
Date Acquired	Mar. 17, 2021
Meridian Ave, Puyallup | Washington
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 6,616,000
Initial Cost to Company, Land	5,747,712
Initial Cost to Company, Buildings and Improvements	9,884,313
Initial Cost to Company, Total	15,632,025
Cost Capitalized Subsequent to Acquisition	41,899
Gross Carrying Amount, Land	5,747,712
Gross Carrying Amount, Buildings and Improvements	9,926,212
Gross Carrying Amount, Total	15,673,924	[1]
Accumulated Depreciation	$ 648,705
Date of Construction	1990
Date Acquired	Mar. 17, 2021
Westheimer Pkwy, Katy | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,212,751
Initial Cost to Company, Buildings and Improvements	6,423,972
Initial Cost to Company, Total	7,636,723
Cost Capitalized Subsequent to Acquisition	39,686
Gross Carrying Amount, Land	1,212,751
Gross Carrying Amount, Buildings and Improvements	6,463,658
Gross Carrying Amount, Total	7,676,409	[1]
Accumulated Depreciation	$ 364,032
Date of Construction	2003
Date Acquired	Mar. 17, 2021
FM 1488, The Woodlands II | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,945,532
Initial Cost to Company, Buildings and Improvements	8,905,822
Initial Cost to Company, Total	10,851,354
Cost Capitalized Subsequent to Acquisition	39,641
Gross Carrying Amount, Land	1,945,532
Gross Carrying Amount, Buildings and Improvements	8,945,463
Gross Carrying Amount, Total	10,890,995	[1]
Accumulated Depreciation	$ 529,289
Date of Construction	2007
Date Acquired	Mar. 17, 2021
Hwy 290, Cypress | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,832,498
Initial Cost to Company, Buildings and Improvements	5,259,689
Initial Cost to Company, Total	8,092,187
Cost Capitalized Subsequent to Acquisition	105,836
Gross Carrying Amount, Land	2,832,498
Gross Carrying Amount, Buildings and Improvements	5,365,525
Gross Carrying Amount, Total	8,198,023	[1]
Accumulated Depreciation	$ 338,028
Date of Construction	2002
Date Acquired	Mar. 17, 2021
Lake Houston Pkwy, Humble | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,475,909
Initial Cost to Company, Buildings and Improvements	6,539,367
Initial Cost to Company, Total	9,015,276
Cost Capitalized Subsequent to Acquisition	95,516
Gross Carrying Amount, Land	2,475,909
Gross Carrying Amount, Buildings and Improvements	6,634,883
Gross Carrying Amount, Total	9,110,792	[1]
Accumulated Depreciation	$ 447,286
Date of Construction	2004
Date Acquired	Mar. 17, 2021
Gosling Rd, The Woodlands | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,248,558
Initial Cost to Company, Buildings and Improvements	7,314,476
Initial Cost to Company, Total	8,563,034
Cost Capitalized Subsequent to Acquisition	81,337
Gross Carrying Amount, Land	1,248,558
Gross Carrying Amount, Buildings and Improvements	7,395,813
Gross Carrying Amount, Total	8,644,371	[1]
Accumulated Depreciation	$ 429,883
Date of Construction	2002
Date Acquired	Mar. 17, 2021
Queenston Blvd, Houston | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 778,007
Initial Cost to Company, Buildings and Improvements	5,241,798
Initial Cost to Company, Total	6,019,805
Cost Capitalized Subsequent to Acquisition	114,145
Gross Carrying Amount, Land	778,007
Gross Carrying Amount, Buildings and Improvements	5,355,943
Gross Carrying Amount, Total	6,133,950	[1]
Accumulated Depreciation	$ 319,290
Date of Construction	2007
Date Acquired	Mar. 17, 2021
Jim Johnson Rd, Plant City | Florida
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 8,722,000
Initial Cost to Company, Land	1,176,605
Initial Cost to Company, Buildings and Improvements	20,045,758
Initial Cost to Company, Total	21,222,363
Cost Capitalized Subsequent to Acquisition	49,084
Gross Carrying Amount, Land	1,176,605
Gross Carrying Amount, Buildings and Improvements	20,094,842
Gross Carrying Amount, Total	21,271,447	[1]
Accumulated Depreciation	$ 1,347,264
Date of Construction	2004
Date Acquired	Mar. 17, 2021
Frelinghuysen Ave, Newark | New Jersey
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 10,700,968
Initial Cost to Company, Buildings and Improvements	24,754,531
Initial Cost to Company, Total	35,455,499
Cost Capitalized Subsequent to Acquisition	1,861,781
Gross Carrying Amount, Land	10,700,968
Gross Carrying Amount, Buildings and Improvements	26,616,312
Gross Carrying Amount, Total	37,317,280	[1]
Accumulated Depreciation	$ 1,546,567
Date of Construction	1931
Date Acquired	Mar. 17, 2021
Redmond Fall City Rd, Redmond | Washington
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,874,807
Initial Cost to Company, Buildings and Improvements	7,061,417
Initial Cost to Company, Total	10,936,224
Cost Capitalized Subsequent to Acquisition	104,302
Gross Carrying Amount, Land	3,874,807
Gross Carrying Amount, Buildings and Improvements	7,165,719
Gross Carrying Amount, Total	11,040,526	[1]
Accumulated Depreciation	$ 443,033
Date of Construction	1997
Date Acquired	Mar. 17, 2021
Greenway Rd, Surprise | Arizona
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,340,075
Initial Cost to Company, Buildings and Improvements	7,587,601
Initial Cost to Company, Total	8,927,676
Cost Capitalized Subsequent to Acquisition	(87,372)
Gross Carrying Amount, Land	1,340,075
Gross Carrying Amount, Buildings and Improvements	7,674,973
Gross Carrying Amount, Total	9,015,048	[1]
Accumulated Depreciation	$ 446,777
Date of Construction	2019
Date Acquired	Mar. 17, 2021
Marshall Farms Rd, Ocoee | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,253,081
Initial Cost to Company, Buildings and Improvements	10,931,368
Initial Cost to Company, Total	12,184,449
Cost Capitalized Subsequent to Acquisition	12,214
Gross Carrying Amount, Land	1,253,081
Gross Carrying Amount, Buildings and Improvements	10,943,582
Gross Carrying Amount, Total	12,196,663	[1]
Accumulated Depreciation	$ 593,995
Date of Construction	2019
Date Acquired	Mar. 17, 2021
Ardrey Kell Rd, Charlotte | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,316,193
Initial Cost to Company, Buildings and Improvements	15,140,130
Initial Cost to Company, Total	16,456,323
Gross Carrying Amount, Land	1,316,193
Gross Carrying Amount, Buildings and Improvements	15,140,130
Gross Carrying Amount, Total	16,456,323	[1]
Accumulated Depreciation	$ 820,471
Date of Construction	2018
Date Acquired	Mar. 17, 2021
University City, Charlotte II | North Carolina
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,134,981
Initial Cost to Company, Buildings and Improvements	11,301,614
Initial Cost to Company, Total	12,436,595
Cost Capitalized Subsequent to Acquisition	14,335
Gross Carrying Amount, Land	1,134,981
Gross Carrying Amount, Buildings and Improvements	11,315,949
Gross Carrying Amount, Total	12,450,930	[1]
Accumulated Depreciation	$ 627,380
Date of Construction	2017
Date Acquired	Mar. 17, 2021
Hydraulic Rd, Charlottesville | Virginia
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,846,479
Initial Cost to Company, Buildings and Improvements	16,268,290
Initial Cost to Company, Total	18,114,769
Cost Capitalized Subsequent to Acquisition	2,832
Gross Carrying Amount, Land	1,846,479
Gross Carrying Amount, Buildings and Improvements	16,271,122
Gross Carrying Amount, Total	18,117,601	[1]
Accumulated Depreciation	$ 867,689
Date of Construction	2017
Date Acquired	Mar. 17, 2021
Metcalf St, Escondido | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,018,965
Initial Cost to Company, Buildings and Improvements	18,019,171
Initial Cost to Company, Total	19,038,136
Cost Capitalized Subsequent to Acquisition	158,450
Gross Carrying Amount, Land	1,018,965
Gross Carrying Amount, Buildings and Improvements	18,177,621
Gross Carrying Amount, Total	19,196,586	[1]
Accumulated Depreciation	$ 946,495
Date of Construction	2019
Date Acquired	Mar. 17, 2021
Tamiami Trail, Punta Gorda | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,034,608
Initial Cost to Company, Buildings and Improvements	15,764,762
Initial Cost to Company, Total	17,799,370
Cost Capitalized Subsequent to Acquisition	13,746
Gross Carrying Amount, Land	2,034,608
Gross Carrying Amount, Buildings and Improvements	15,778,508
Gross Carrying Amount, Total	17,813,116	[1]
Accumulated Depreciation	$ 875,594
Date of Construction	1992
Date Acquired	Mar. 17, 2021
Iroquois Shore Rd, Oakville III | C A- O N
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 11,992,500	[2]
Initial Cost to Company, Land	1,423,150	[2]
Initial Cost to Company, Buildings and Improvements	18,637,895	[2]
Initial Cost to Company, Total	20,061,045	[2]
Cost Capitalized Subsequent to Acquisition	(1,446,109)	[2],[3]
Gross Carrying Amount, Land	1,314,804	[2]
Gross Carrying Amount, Buildings and Improvements	17,300,132	[2]
Gross Carrying Amount, Total	18,614,936	[1],[2]
Accumulated Depreciation	$ 863,228	[2]
Date of Construction	2020	[2]
Date Acquired	Apr. 16, 2021	[2]
Van Buren Blvd, Riverside III | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 3,705,043
Initial Cost to Company, Buildings and Improvements	6,511,602
Initial Cost to Company, Total	10,216,645
Cost Capitalized Subsequent to Acquisition	255,935
Gross Carrying Amount, Land	3,705,043
Gross Carrying Amount, Buildings and Improvements	6,767,537
Gross Carrying Amount, Total	10,472,580	[1]
Accumulated Depreciation	$ 414,447
Date of Construction	1996
Date Acquired	May 27, 2021
Alameda Pkwy, Lakewood | Colorado
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,134,320
Initial Cost to Company, Buildings and Improvements	14,750,963
Initial Cost to Company, Total	16,885,283
Cost Capitalized Subsequent to Acquisition	352,899
Gross Carrying Amount, Land	2,134,320
Gross Carrying Amount, Buildings and Improvements	15,103,862
Gross Carrying Amount, Total	17,238,182	[1]
Accumulated Depreciation	$ 564,837
Date of Construction	1998
Date Acquired	Oct. 19, 2021
Algonquin Rd, Algonquin | Illinois
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 717,325
Initial Cost to Company, Buildings and Improvements	17,439,376
Initial Cost to Company, Total	18,156,701
Cost Capitalized Subsequent to Acquisition	211,176
Gross Carrying Amount, Land	717,325
Gross Carrying Amount, Buildings and Improvements	17,650,552
Gross Carrying Amount, Total	18,367,877	[1]
Accumulated Depreciation	$ 516,204
Date of Construction	1987
Date Acquired	Feb. 08, 2022
Pell Cir, Sacramento | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,796,664
Initial Cost to Company, Buildings and Improvements	22,828,895
Initial Cost to Company, Total	24,625,559
Cost Capitalized Subsequent to Acquisition	167,122
Gross Carrying Amount, Land	1,796,664
Gross Carrying Amount, Buildings and Improvements	22,996,017
Gross Carrying Amount, Total	24,792,681	[1]
Accumulated Depreciation	$ 483,354
Date of Construction	1981
Date Acquired	May 10, 2022
St. Johns Commons Rd, St. Johns | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,099,464
Initial Cost to Company, Buildings and Improvements	14,432,172
Initial Cost to Company, Total	15,531,636
Cost Capitalized Subsequent to Acquisition	64,721
Gross Carrying Amount, Land	1,099,464
Gross Carrying Amount, Buildings and Improvements	14,496,893
Gross Carrying Amount, Total	15,596,357	[1]
Accumulated Depreciation	$ 270,182
Date of Construction	2017
Date Acquired	May 17, 2022
Mills Station Rd, Sacramento | Canada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,685,588
Initial Cost to Company, Buildings and Improvements	13,075,090
Initial Cost to Company, Total	15,760,678
Cost Capitalized Subsequent to Acquisition	1,231
Gross Carrying Amount, Land	2,685,588
Gross Carrying Amount, Buildings and Improvements	13,076,321
Gross Carrying Amount, Total	15,761,909	[1]
Accumulated Depreciation	$ 260,320
Date of Construction	1979
Date Acquired	Jun. 01, 2022
Happy Valley Rd, Phoenix | Arizona
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 542,935
Initial Cost to Company, Buildings and Improvements	9,132,940
Initial Cost to Company, Total	9,675,875
Cost Capitalized Subsequent to Acquisition	10,021
Gross Carrying Amount, Land	542,935
Gross Carrying Amount, Buildings and Improvements	9,142,961
Gross Carrying Amount, Total	9,685,896	[1]
Accumulated Depreciation	$ 168,415
Date of Construction	1941
Date Acquired	Jun. 01, 2022
West Rd, Houston | Texas
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,310,537
Initial Cost to Company, Buildings and Improvements	16,908,880
Initial Cost to Company, Total	18,219,417
Cost Capitalized Subsequent to Acquisition	2,700
Gross Carrying Amount, Land	1,310,537
Gross Carrying Amount, Buildings and Improvements	16,911,580
Gross Carrying Amount, Total	18,222,117	[1]
Accumulated Depreciation	$ 302,348
Date of Construction	2018
Date Acquired	Jun. 01, 2022
Capitol Dr, Milwaukee | Wisconsin
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,065,590
Initial Cost to Company, Buildings and Improvements	11,782,373
Initial Cost to Company, Total	12,847,963
Cost Capitalized Subsequent to Acquisition	78,826
Gross Carrying Amount, Land	1,065,590
Gross Carrying Amount, Buildings and Improvements	11,861,199
Gross Carrying Amount, Total	12,926,789	[1]
Accumulated Depreciation	$ 216,250
Date of Construction	1996
Date Acquired	Jun. 01, 2022
Bothell Everett, Mill Creek | Washington
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 4,814,088
Initial Cost to Company, Buildings and Improvements	28,674,527
Initial Cost to Company, Total	33,488,615
Cost Capitalized Subsequent to Acquisition	241,791
Gross Carrying Amount, Land	4,814,088
Gross Carrying Amount, Buildings and Improvements	28,916,318
Gross Carrying Amount, Total	33,730,406	[1]
Accumulated Depreciation	$ 594,238
Date of Construction	2003
Date Acquired	Jun. 01, 2022
12th Ave, Homestead | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,607,054
Initial Cost to Company, Buildings and Improvements	32,909,667
Initial Cost to Company, Total	34,516,721
Cost Capitalized Subsequent to Acquisition	16,865
Gross Carrying Amount, Land	1,607,054
Gross Carrying Amount, Buildings and Improvements	32,926,532
Gross Carrying Amount, Total	34,533,586	[1]
Accumulated Depreciation	$ 568,497
Date of Construction	2019
Date Acquired	Jun. 01, 2022
16900 State Rd, Lutz | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,674,729
Initial Cost to Company, Buildings and Improvements	26,985,047
Initial Cost to Company, Total	29,659,776
Gross Carrying Amount, Land	2,674,729
Gross Carrying Amount, Buildings and Improvements	26,985,047
Gross Carrying Amount, Total	29,659,776	[1]
Accumulated Depreciation	$ 471,954
Date of Construction	2019
Date Acquired	Jun. 01, 2022
34th St St. Petersburg | Florida
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,896,569
Initial Cost to Company, Buildings and Improvements	23,290,141
Initial Cost to Company, Total	25,186,710
Gross Carrying Amount, Land	1,896,569
Gross Carrying Amount, Buildings and Improvements	23,290,141
Gross Carrying Amount, Total	25,186,710	[1]
Accumulated Depreciation	$ 423,797
Date of Construction	2020
Date Acquired	Jun. 01, 2022
Durango, Las Vegas | Nevada
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,355,229
Initial Cost to Company, Buildings and Improvements	26,030,925
Initial Cost to Company, Total	28,386,154
Gross Carrying Amount, Land	2,355,229
Gross Carrying Amount, Buildings and Improvements	26,030,925
Gross Carrying Amount, Total	28,386,154	[1]
Accumulated Depreciation	$ 445,180
Date of Construction	2019
Date Acquired	Jun. 01, 2022
93rd Ave SW, Olympia | Washington
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 2,159,298
Initial Cost to Company, Buildings and Improvements	18,458,512
Initial Cost to Company, Total	20,617,810
Cost Capitalized Subsequent to Acquisition	75,777
Gross Carrying Amount, Land	2,159,298
Gross Carrying Amount, Buildings and Improvements	18,534,289
Gross Carrying Amount, Total	20,693,587	[1]
Accumulated Depreciation	$ 353,379
Date of Construction	2006
Date Acquired	Jun. 01, 2022
Aurora IV | Colorado
Real Estate And Accumulated Depreciation [Line Items]
Initial Cost to Company, Land	$ 1,222,564
Initial Cost to Company, Buildings and Improvements	10,445,390
Initial Cost to Company, Total	11,667,954
Cost Capitalized Subsequent to Acquisition	107,697
Gross Carrying Amount, Land	1,222,564
Gross Carrying Amount, Buildings and Improvements	10,553,087
Gross Carrying Amount, Total	11,775,651	[1]
Accumulated Depreciation	$ 169,646
Date of Construction	2018
Date Acquired	Jun. 28, 2022
Corporate Office | Canada
Real Estate And Accumulated Depreciation [Line Items]
Encumbrances	$ 3,925,446
Initial Cost to Company, Land	975,000
Initial Cost to Company, Buildings and Improvements	5,525,000
Initial Cost to Company, Total	6,500,000
Cost Capitalized Subsequent to Acquisition	696,545
Gross Carrying Amount, Land	975,000
Gross Carrying Amount, Buildings and Improvements	6,221,545
Gross Carrying Amount, Total	7,196,545	[1]
Accumulated Depreciation	$ 564,950
Date of Construction	2018
Date Acquired	Jan. 24, 2019
[1] The aggregate cost of real estate for United States federal income tax purposes is approximately $ 1,880,795,210 This property is located in Ontario, Canada. The change in cost at these self storage facilities are the net of the impact of foreign exchange rate changes and any actual additions.

Schedule III Real Estate Asse_2

Schedule III Real Estate Asset and Accumulated Depreciation (Parenthetical) (Detail)	Dec. 31, 2022 USD ($)
United States
Real Estate And Accumulated Depreciation [Line Items]
Aggregate cost of real estate for federal income tax purposes	$ 1,880,795,210

Schedule III Summary of Activit

Schedule III Summary of Activity in Real Estate Facilities (Detail) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2021	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Real estate facilities
Real estate facilities, Balance at beginning of year	$ 1,210,102,582	$ 1,593,623,628		$ 1,210,102,582	$ 1,173,825,368
Facility acquisitions	371,507,610	298,341,568		47,162,974	0
Impact of foreign exchange rate changes		(12,984,154)		(138,457)	4,147,798
Improvements and additions		8,224,603		12,151,893	32,129,416
Other facility acquisitions		69,981,850	[1]	15,689,143
Disposition due to deconsolidation				(15,689,143)
Real estate facilities, Balance at end of year		1,887,205,645		1,593,623,628	1,210,102,582
Accumulated depreciation
Accumulated depreciation, beginning balance	(115,903,045)	(155,926,875)		(115,903,045)	(83,692,491)
Depreciation expense		(48,400,073)		(40,158,233)	(31,711,102)
Disposition due to deconsolidation				62,466
Impact of foreign exchange rate changes		1,644,260		71,937	(499,452)
Accumulated depreciation, ending balance		(202,682,688)		(155,926,875)	(115,903,045)
Construction in process
Construction in process, Balance at beginning of year	$ 1,761,303	1,799,004		1,761,303	12,237,722
Net additions and assets placed into service		2,691,922		37,701	(10,476,419)
Construction in process, Balance at end of year		4,490,926		1,799,004	1,761,303
Real estate facilities, net		$ 1,689,013,883		$ 1,439,495,757	$ 1,095,960,840
[1] Such amount includes four individual property acquisitions completed during the year ended December 31, 2022.