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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Real estate facilities:    
Land $ 109,097,324 $ 115,472,022
Buildings 375,539,122 384,707,258
Site improvements 13,655,534 13,827,605
Real estate investment property, gross 498,291,980 514,006,885
Accumulated depreciation (27,645,170) (15,660,337)
Real estate investment property, net 470,646,810 498,346,548
Construction in process 9,144,864 6,451,632
Real estate facilities, net 479,791,674 504,798,180
Cash and cash equivalents 10,827,415 9,007,938
Restricted cash 6,738,149 16,700,133
Investments in unconsolidated real estate ventures (Note 4) 18,207,135 17,526,713
Other assets, net 13,564,907 9,756,411
Intangible assets, net of accumulated amortization   3,127,231
Total assets 529,129,280 560,916,606
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Debt, net 274,056,356 [1] 286,484,421
Accounts payable and accrued liabilities 13,433,815 11,884,545
Distributions payable 4,409,505 4,203,032
Due to affiliates 13,877,191 5,933,969
Total liabilities 305,776,867 308,505,967
Commitments and contingencies (Note 10)
Strategic Storage Trust VI, Inc.:    
Preferred Stock, $0.001 par value; 200,000,000 shares authorized; 0 issued and outstanding at September 30, 2024 and December 31, 2023
Additional paid-in capital 207,773,199 174,586,716
Distributions (32,142,866) (18,590,483)
Accumulated deficit (111,392,263) (64,094,793)
Accumulated other comprehensive income (loss) (4,432,786) 449,185
Total Strategic Storage Trust IV, Inc. equity 59,830,423 92,371,463
Noncontrolling interests in our Operating Partnership 225,081 1,514,388
Noncontrolling Series C Subordinated Units in our Operating Partnership 4,417,414 3,197,083
Total noncontrolling interest 4,642,495 4,711,471
Total equity 64,472,918 97,082,934
Total liabilities, temporary equity and equity 529,129,280 560,916,606
Series B Convertible Preferred Stock    
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Temporary equity, carrying amount 148,599,723 148,599,723
Class A Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 3,384 3,340
Class P Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 11,280 11,100
Class T Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 5,374 5,290
Class W Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 705 688
Class Y Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 4,050 383
Class Z Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 346 37
Redeemable Common Stock    
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Temporary equity, carrying amount $ 10,279,772 $ 6,727,982
[1] On January 8, 2025, we entered into a new credit agreement with National Bank of Canada - Four Property Loan, that has an initial term of three years and matures on January 8, 2028. We used the proceeds from the National Bank of Canada - Four Property Loan to repay and terminate in accordance with the loan agreements without fees or penalties the National Bank of Canada - Burlington Loan, National Bank of Canada - Cambridge Loan, First National Loan and National Bank of Canada – North York Loan totaling approximately $43.0 million. On March 7, 2025, we entered into a new credit agreement with QuadReal - Seven Property Loan, that has an initial term of five years and matures on April 1, 2030. We used the proceeds from the QuadReal - Seven Property Loan to repay and terminate in accordance with the loan agreements without fees or penalties the National Bank of Canada - Ontario Loan and Bank of Montreal Loan, totaling approximately $101.5 million.