XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Real estate facilities:    
Land $ 113,731,490 $ 115,472,022
Buildings 380,954,829 384,707,258
Site improvements 13,699,566 13,827,605
Real estate investment property, gross 508,385,885 514,006,885
Accumulated depreciation (18,702,917) (15,660,337)
Real estate investment property, net 489,682,968 498,346,548
Construction in process 7,289,602 6,451,632
Real estate facilities, net 496,972,570 504,798,180
Cash and cash equivalents 6,761,066 9,007,938
Restricted cash 13,363,686 16,700,133
Investments in unconsolidated real estate ventures (Note 4) 23,374,365 16,975,681
Other assets, net 11,801,975 10,307,443
Intangible assets, net of accumulated amortization 2,027,004 3,127,231
Total assets 554,300,666 560,916,606
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Debt, net 282,980,231 286,484,421
Accounts payable and accrued liabilities 11,306,457 11,884,545
Distributions payable 4,294,741 4,203,032
Due to affiliates 9,284,486 5,933,969
Total liabilities 307,865,915 308,505,967
Commitments and contingencies (Note 9)
Strategic Storage Trust VI, Inc.:    
Preferred Stock, $0.001 par value; 200,000,000 shares authorized; $0 issued and outstanding at March 31, 2024 and December 31, 2023
Additional paid-in capital 183,921,204 174,586,716
Distributions (21,752,353) (18,590,483)
Accumulated deficit (76,018,414) (64,094,793)
Accumulated other comprehensive income (loss) (324,652) 449,185
Total Strategic Storage Trust IV, Inc. equity 85,847,887 92,371,463
Noncontrolling interests in our Operating Partnership 1,183,352 1,514,388
Noncontrolling Series C Subordinated Units in our Operating Partnership 3,557,009 3,197,083
Total noncontrolling interest 4,740,361 4,711,471
Total equity 90,588,248 97,082,934
Total liabilities, temporary equity and equity 554,300,666 560,916,606
Series B Convertible Preferred Stock    
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Temporary equity, carrying amount 148,599,723 148,599,723
Class P Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 11,169 11,100
Class A Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 3,362 3,340
Class T Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 5,315 5,290
Class W Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 693 688
Class Y Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 1,442 383
Class Z Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 121 37
Redeemable Common Stock    
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Temporary equity, carrying amount $ 7,246,780 $ 6,727,982