Subsequent Events	6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 10. Subsequent Events Acquisition of St. Johns Property On July 8, 2022, we, through an indirect, wholly-owned subsidiary of our Operating Partnership, acquired a self storage facility located in St. Johns, Florida (the “St. Johns Property”) from an unaffiliated third party. The purchase price for the St. Johns Property was approximately $14.4 million, plus closing costs and acquisition fees, which was funded by proceeds from our offerings and a draw on the SmartStop Delayed Draw Mezzanine Loan. SmartStop Delayed Draw Mezzanine Loan On July 8, 2022, in connection with the acquisition of the St. Johns Property, we amended the SmartStop Delayed Draw Mezzanine Loan to allow for the addition of the St. Johns Property and we drew approximately $7.2 million pursuant to the SmartStop Delayed Draw Mezzanine Loan. The proceeds of the SmartStop Delayed Draw Mezzanine Loan were used to partially fund the acquisition of the St. Johns Property. The SmartStop Delayed Draw Mezzanine Loan is secured by a pledge of the equity interest in the indirect, wholly-owned subsidiary of our Operating Partnership that owns the St. Johns Property. Our Operating Partnership serves as a non-recourse guarantor with respect to the SmartStop Delayed Draw Mezzanine Loan. Potential Acquisition of New Westminster Property On August 3, 2022, one of our subsidiaries entered into a contribution agreement with a subsidiary of SmartCentres, to acquire a tract of land owned by SmartCentres and located in New Westminster, British Columbia (the “New Westminster Land”). Upon closing, the New Westminster Land will be owned by a limited partnership (the “New Westminster Limited Partnership”), in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) will each be a 50% limited partner and each have an equal ranking general partner in the New Westminster Limited Partnership. It is intended that the New Westminster Limited Partnership develops a self storage facility on the land. At closing, we (through our subsidiaries) will subscribe for 50% of the units in the New Westminster Limited Partnership at an agreed upon subscription price of approximately CAD $3.3 million, representing contributions equivalent to 50% of the agreed upon fair market value of the land. We expect the acquisition of the New Westminster Land to close in the second half of 2023. Construction is expected to commence following the closing of the acquisition. We expect to fund the acquisition of the New Westminster Land with a combination of net proceeds from our offerings and/or potential future debt financing. If we fail to complete the acquisition, we may forfeit CAD $330,000 in earnest money deposits. Offering Status As of August 4, 2022, in connection with our offerings we have issued approximately 10.7 million Class P shares for gross offering proceeds of approximately $102.2 million, approximately 0.9 million Class A shares for gross offering proceeds of approximately $9.0 million, approximately 1.5 million Class T shares for gross offering proceeds of approximately $14.9 million and approximately 0.1 million Class W shares for gross offering proceeds of approximately $1.2 million.

Subsequent Events

6 Months Ended

Jun. 30, 2022

Note 10. Subsequent Events

Acquisition of St. Johns Property

On July 8, 2022, we, through an indirect, wholly-owned subsidiary of our Operating Partnership, acquired a self storage facility located in St. Johns, Florida (the “St. Johns Property”) from an unaffiliated third party. The purchase price for the St. Johns Property was approximately $14.4 million, plus closing costs and acquisition fees, which was funded by proceeds from our offerings and a draw on the SmartStop Delayed Draw Mezzanine Loan.

SmartStop Delayed Draw Mezzanine Loan

On July 8, 2022, in connection with the acquisition of the St. Johns Property, we amended the SmartStop Delayed Draw Mezzanine Loan to allow for the addition of the St. Johns Property and we drew approximately $7.2 million pursuant to the SmartStop Delayed Draw Mezzanine Loan. The proceeds of the SmartStop Delayed Draw Mezzanine Loan were used to partially fund the acquisition of the St. Johns Property. The SmartStop Delayed Draw Mezzanine Loan is secured by a pledge of the equity interest in the indirect, wholly-owned subsidiary of our Operating Partnership that owns the St. Johns Property. Our Operating Partnership serves as a non-recourse guarantor with respect to the SmartStop Delayed Draw Mezzanine Loan.

Potential Acquisition of New Westminster Property

On August 3, 2022, one of our subsidiaries entered into a contribution agreement with a subsidiary of SmartCentres, to acquire a tract of land owned by SmartCentres and located in New Westminster, British Columbia (the “New Westminster Land”).

Upon closing, the New Westminster Land will be owned by a limited partnership (the “New Westminster Limited Partnership”), in which we (through our subsidiaries) and SmartCentres (through its subsidiaries) will each be a 50% limited partner and each have an equal ranking general partner in the New Westminster Limited Partnership. It is intended that the New Westminster Limited Partnership develops a self storage facility on the land. At closing, we (through our subsidiaries) will subscribe for 50% of the units in the New Westminster Limited Partnership at an agreed upon subscription price of approximately CAD $3.3 million, representing contributions equivalent to 50% of the agreed upon fair market value of the land. We expect the acquisition of the New Westminster Land to close in the second half of 2023. Construction is expected to commence following the closing of the acquisition. We expect to fund the acquisition of the New Westminster Land with a combination of net proceeds from our offerings and/or potential future debt financing. If we fail to complete the acquisition, we may forfeit CAD $330,000 in earnest money deposits.

Offering Status

As of August 4, 2022, in connection with our offerings we have issued approximately 10.7 million Class P shares for gross offering proceeds of approximately $102.2 million, approximately 0.9 million Class A shares for gross offering proceeds of approximately $9.0 million, approximately 1.5 million Class T shares for gross offering proceeds of approximately $14.9 million and approximately 0.1 million Class W shares for gross offering proceeds of approximately $1.2 million.