Investments in Unconsolidated Real Estate Ventures (Tables)

12 Months Ended

Dec. 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	Date Real Estate Venture Became Operational	Equity Ownership %	December 31, 2024		December 31, 2023
Toronto (1)	Toronto, Ontario	April 2021	Under development	50%	$	3,708,283	$	4,446,804
Toronto II (1)	Toronto, Ontario	December 2021	Under development	50%		5,413,629		7,232,806
Dorval (1)	Dorval, Quebec	February 2023	Under development	50%		2,569,669		2,722,149
Hamilton (1)	Hamilton, Ontario	November 2023	October 2024	50%		2,459,972		3,124,954
Montreal	Montreal, Quebec	January 2024	Under development	50%		4,055,582		—
					$	18,207,135	$	17,526,713

(1)As of December 31, 2024, these four JV Properties were encumbered by first mortgages pursuant to the SmartCentres Financing (defined below).