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Investments in Unconsolidated Real Estate Ventures (Tables)
3 Months Ended
Mar. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Investments in Unconsolidated Real Estate Ventures

The Company's investments in unconsolidated real estate ventures is summarized as follows:

 

 

 

 

 

 

 

 

 

 

Carrying Value of
Investment

 

 

 

Location

 

Date Real Estate
Venture Acquired
Land

 

Real Estate
Venture Status

 

Equity
Ownership %

 

March 31,
2023

 

 

December 31,
2022

 

Toronto

 

Toronto, Ontario

 

April 2021

 

Under development

 

50%

 

$

3,851,997

 

 

$

3,820,955

 

Toronto II

 

Toronto, Ontario

 

December 2021

 

Under development

 

50%

 

 

5,928,068

 

 

 

5,706,395

 

Dorval

 

Dorval, Quebec

 

February 2023

 

Under development

 

50%

 

 

2,401,211

 

 

 

 

 

 

 

 

 

 

 

 

 

$

12,181,276

 

 

$

9,527,350