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Investments in Unconsolidated Real Estate Ventures (Tables)
3 Months Ended
Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Investments in Unconsolidated Real Estate Ventures

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

 

 

 

 

 

 

 

 

 

 

Carrying Value of
Investment

 

 

 

Location

 

Date Real Estate
Venture Acquired
Land

 

Real Estate
Venture Status

 

Equity
Ownership %

 

March 31,
2024

 

 

December 31,
2023

 

Toronto

 

Toronto, Ontario

 

April 2021

 

Under development

 

50%

 

$

4,702,931

 

 

$

4,167,466

 

Toronto II

 

Toronto, Ontario

 

December 2021

 

Under development

 

50%

 

 

8,193,094

 

 

 

7,012,910

 

Dorval

 

Dorval, Quebec

 

February 2023

 

Under development

 

50%

 

 

2,970,012

 

 

 

2,693,055

 

Hamilton

 

Hamilton, Ontario

 

November 2023

 

Under development

 

50%

 

 

3,918,714

 

 

 

3,102,250

 

Montreal

 

Montreal, Quebec

 

January 2024

 

Under development

 

50%

 

 

3,589,614

 

 

 

 

 

 

 

 

 

 

 

 

 

$

23,374,365

 

 

$

16,975,681