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Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 13. Subsequent Events

SmartStop Bridge Loan

On July 29, 2025, we drew $2.0 million pursuant to the SmartStop Bridge Loan.

Suspension of Share Redemption Plan

On August 6, 2025, the Company’s board of directors approved the suspension of our share redemption plan effective September 6, 2025, except with respect to redemption requests made in connection with the death, commitment to a long-term care facility, qualifying disability or bankruptcy of a stockholder. Accordingly, all pending redemption requests that were not made in connection with the death, commitment to a long-term care facility, qualifying disability or bankruptcy of a stockholder will be not be redeemed, nor will any additional such requests received hereafter be redeemed, until further notice. The SRP shall remain suspended as discussed above until such time, if any, as the Company’s board of directors may approve the resumption of the SRP.

Offering Status

As of August 6, 2025, in connection with our offerings we have issued approximately 11.6 million Class P shares for gross offering proceeds of approximately $110.6 million, approximately 3.2 million Class A shares for gross offering proceeds of approximately $32.4 million, approximately 5.1 million Class T shares for gross offering proceeds of approximately $51.1 million, approximately 0.7 million Class W shares for gross offering proceeds of approximately $6.7 million, approximately 5.4 million Class Y shares for gross offering proceeds of approximately $52.0 million and approximately 0.6 million Class Z shares for gross offering proceeds of approximately $5.6 million.