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

		Initial Cost to Company										Gross Carrying Amount at December 31, 2022
Description	ST	Encumbrance		Land		Building and Improvements		Total		Cost Capitalized Subsequent to acquisition		Land		Building and Improvements		(1) Total		Accumulated Depreciation			Construction in process		Date of Construction	Date Acquired
Phoenix	AZ	$	8,800,000	$	2,171,375	$	13,783,862	$	15,955,237	$	149,424	$	2,171,375	$	13,933,286	$	16,104,661	$	(772,863	)	$	—	2020	5/1/2021
Las Vegas	NV		4,800,000		1,468,351		6,541,089		8,009,440		122,397		1,468,351		6,663,486		8,131,837		(377,317	)		—	2020	6/1/2021
Surprise	AZ		7,425,000		1,742,097		11,324,006		13,066,103		186,842		1,742,097		11,510,848		13,252,945		(514,039	)		—	2017	8/26/2021
Phoenix II	AZ		6,160,000		806,933		10,333,050		11,139,983		135,899		806,933		10,468,949		11,275,882		(348,854	)		—	2021	11/30/2021
Bradenton	FL		12,507,500		2,293,357		13,212,166		15,505,523		178,082		2,293,357		13,390,248		15,683,605		(407,307	)		4,000	2020	12/30/2021
Apopka	FL		8,970,000		2,329,786		9,125,103		11,454,889		235,885		2,329,786		9,360,988		11,690,774		(290,542	)		32,103	2021	12/30/2021
Vancouver	WA		13,750,000		1,422,900		23,189,404		24,612,304		101,729		1,422,900		23,291,133		24,714,033		(515,625	)		—	2020	3/29/2022
Portland	OR		8,250,000		4,298,103		10,618,441		14,916,544		98,701		4,298,103		10,717,142		15,015,245		(250,149	)		—	1975 / 2020	3/31/2022
Newark	DE		10,808,851		2,167,103		17,837,346		20,004,449		97,819		2,167,103		17,935,165		20,102,268		(366,224	)		120,960	2021	4/26/2022
Levittown	PA		11,550,000		3,495,978		17,668,979		21,164,957		103,113		3,495,978		17,772,092		21,268,070		(369,315	)		140,940	2021	4/26/2022
Chandler	AZ		13,670,000		4,795,960		20,555,792		25,351,752		230,169		4,795,960		20,785,961		25,581,921		(461,761	)		—	1996 / 2022	5/17/2022
St. Johns	FL		7,200,000		3,708,927		10,458,678		14,167,605		97,007		3,708,927		10,555,685		14,264,612		(158,656	)		26,662	2006 / 2007	7/8/2022
Burlington	ONT		12,055,230		10,638,348		15,548,407		26,186,755		189,458		10,638,348		15,737,865		26,376,213		(145,621	)		—	1979 / 2001	9/20/2022
Oxford	FL		11,000,000		1,311,463		9,406,248		10,717,711		45,860		1,311,463		9,452,108		10,763,571		(92,772	)		22,643	2001	9/21/2022
Cambridge	ONT		11,439,000		7,537,977		19,075,728		26,613,705		—		7,537,978		19,075,476		26,613,454		(22,237	)		—	1965 / 2019	12/20/2022
Total		$	148,385,581	$	50,188,658	$	208,678,299	$	258,866,957	$	1,972,385	$	50,188,659	$	210,650,432	$	260,839,091	$	(5,093,282	)	$	347,308

(1)The aggregate cost of real estate for United States federal income tax purposes is $267,859,045.

The following summarizes the activity in real estate facilities during the year ended December 31, 2022 and 2021.

	2022			2021
Real estate facilities
Balance at beginning of year	$	75,356,725		$	—
Facility acquisitions		184,044,871			75,131,175
Improvements and additions		1,746,584			225,550
Impact of foreign exchange rate changes		(309,089	)		—
Balance at end of year	$	260,839,091		$	75,356,725
Accumulated depreciation
Balance at beginning of year	$	(597,090	)	$	—
Depreciation expense		(4,498,700	)		(597,090	)
Impact of foreign exchange rate changes		2,508			—
Balance at end of year	$	(5,093,282	)	$	(597,090	)
Real estate facilities, net	$	255,745,809		$	74,759,635