XML 39 R28.htm IDEA: XBRL DOCUMENT v3.23.3
Summary of Significant Accounting Policies - Additional Information (Detail)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Oct. 31, 2023
USD ($)
Jul. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
Contract
Sep. 30, 2022
USD ($)
Sep. 30, 2023
USD ($)
Segment
Contract
Sep. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
May 01, 2021
USD ($)
Summary Of Significant Accounting Policies [Line Items]                
Business combination, aggregate fair to real estate facilities               $ 16,000,000
Business combination, aggregate fair value to intangible assets               300,000
Business combination, aggregate fair value to real estate facilities               3,700,000
Business combination, aggregate fair value of secured debt               14,200,000
Business combination, aggregate fair value to other current liabilities               1,300,000
Business combination, aggregate fair value to non controlling interest               $ 4,600,000
Number of contracts deemed to be in VIEs | Contract     0   0      
Payments to acquire intangible assets         $ 4,500,000 $ 3,300,000    
Asset acquisition, capitalized transaction related costs         9,200,000 2,800,000    
Business acquisition, transaction costs     $ 300,000 $ 300,000 1,400,000 1,100,000    
Impairment losses recognized         0 0    
Advertising costs     600,000 200,000 $ 1,700,000 400,000    
Estimated average rental period         18 months      
Gross amounts of lease intangibles     9,800,000   $ 9,800,000   $ 5,500,000  
Accumulated amortization of lease intangibles     5,600,000   5,600,000   2,400,000  
Debt issuance cost expense     400,000 200,000 1,200,000 800,000    
Total estimated future amortization expense of intangible assets, year 2023     1,200,000   1,200,000      
Total estimated future amortization expense of intangible assets, year 2024     3,100,000   3,100,000      
Accumulated amortization of debt issuance costs     600,000   $ 600,000   700,000  
Maximum period for reimbursement of offering cost         60 days      
Maximum offering cost rate         15.00%      
Preferred units and unpaid preferred distributions         $ 15,000,000      
Minimum percentage of ordinary taxable income to be distributed to stockholders         90.00%      
Allowance for doubtful accounts     40,000   $ 40,000   50,000  
Uncertain tax positions     0   0   0  
Income tax penalties and interest expense         $ 0   0  
Open tax year         2021      
Number of reportable segments | Segment         1      
Assets     554,839,964   $ 554,839,964   279,744,919  
Revenues     6,288,476 2,641,771 14,742,233 5,467,849    
CA | Self Storage                
Summary Of Significant Accounting Policies [Line Items]                
Assets     299,000,000   299,000,000   $ 54,600,000  
Revenues         $ 5,500,000 100,000    
Geographic Concentration Risk | Rental Income | AZ                
Summary Of Significant Accounting Policies [Line Items]                
Concentration risk percentage         17.00%      
Geographic Concentration Risk | Rental Income | FL                
Summary Of Significant Accounting Policies [Line Items]                
Concentration risk percentage         13.00%      
Geographic Concentration Risk | Rental Income | CA                
Summary Of Significant Accounting Policies [Line Items]                
Concentration risk percentage         47.00%      
Distribution                
Summary Of Significant Accounting Policies [Line Items]                
Redemption total     $ 400,000 $ 0 $ 400,000 $ 0    
Redemption fulfilled   $ 200,000            
Distribution | Accounts Payable and Accrued Liabilities                
Summary Of Significant Accounting Policies [Line Items]                
Redemption payable         $ 200,000      
Private Offering Dealer Manager Agreement                
Summary Of Significant Accounting Policies [Line Items]                
Maximum sale commission fees percentage of proceed from private offering         6.00%      
Maximum dealer manager commission fees percentage of proceed from private offering         3.00%      
Underwriting compensation         10.00%      
Maximum percentage other non-accountable expenses         3.00%      
Class W Common Stock                
Summary Of Significant Accounting Policies [Line Items]                
Percentage of offering cost without reimbursement         1.00%      
Class W Common Stock | Dealer Manager                
Summary Of Significant Accounting Policies [Line Items]                
Maximum sale commission fees percentage of proceed from Primary Offering         1.50%      
Class W Common Stock | Private Offering Dealer Manager Agreement                
Summary Of Significant Accounting Policies [Line Items]                
Percentage of gross proceeds from sale of shares         10.00%      
Maximum dealer manager servicing fee percentage of proceeds from Primary Offering         9.00%      
Class W Common Stock | Dealer Manager Servicing Fees                
Summary Of Significant Accounting Policies [Line Items]                
Monthly servicing fee accrual description         accrues daily in an amount equal to 1/365th of 0.5% of the purchase price per share      
Class A Common Stock | Dealer Manager                
Summary Of Significant Accounting Policies [Line Items]                
Maximum sale commission fees percentage of proceed from Primary Offering         6.00%      
Maximum dealer manager commission fee percentage of proceeds from Primary Offering         3.00%      
Class A Common Stock | Private Offering Dealer Manager Agreement                
Summary Of Significant Accounting Policies [Line Items]                
Percentage of gross proceeds from sale of shares         10.00%      
Class T Common Stock | Dealer Manager                
Summary Of Significant Accounting Policies [Line Items]                
Maximum sale commission fees percentage of proceed from Primary Offering         3.00%      
Maximum dealer manager commission fee percentage of proceeds from Primary Offering         3.00%      
Class T Common Stock | Private Offering Dealer Manager Agreement                
Summary Of Significant Accounting Policies [Line Items]                
Percentage of gross proceeds from sale of shares         10.00%      
Class T Common Stock | Stockholder Servicing Fees                
Summary Of Significant Accounting Policies [Line Items]                
Monthly servicing fee accrual description         accrues daily in an amount equal to 1/365th of 1% of the purchase price per share      
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      
Subsequent Event | Distribution                
Summary Of Significant Accounting Policies [Line Items]                
Redemption fulfilled $ 200,000