XML 47 R37.htm IDEA: XBRL DOCUMENT v3.26.1
Summary of Significant Accounting Policies - Additional Information (Detail)
12 Months Ended
Aug. 07, 2025
shares
Mar. 31, 2025
shares
Aug. 07, 2024
$ / shares
shares
Nov. 01, 2023
$ / shares
shares
May 02, 2023
USD ($)
Dec. 31, 2025
USD ($)
Contract
Segment
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
May 30, 2025
$ / shares
Mar. 31, 2024
$ / shares
Summary Of Significant Accounting Policies [Line Items]                    
Number of contracts deemed to be in VIEs | Contract           0        
Payments to acquire intangible assets           $ 0 $ 0      
Business acquisition, transaction costs           739,585 777,255 $ 1,601,971    
Impairment losses recognized           0 0 0    
Advertising costs           $ 2,900,000 2,300,000 2,300,000    
Estimated average rental period           18 months        
Gross amounts of lease intangibles           $ 9,800,000 9,500,000      
Accumulated amortization of lease intangibles           9,800,000 9,500,000      
Debt issuance cost amortization expense           1,100,000 1,300,000 1,500,000    
Accumulated amortization of debt issuance costs           $ 800,000 1,100,000      
Maximum period for reimbursement of offering cost           60 days        
Maximum offering cost rate           15.00%        
Dealer manager servicing fee payable           $ 950,000        
Unpaid dealer manager servicing fees           $ 0        
Preferred units and unpaid preferred distributions         $ 15,000,000          
Minimum percentage of ordinary taxable income to be distributed to stockholders           90.00%        
Number of reportable segments | Segment           1        
Assets           $ 534,441,184 529,129,280      
Revenues           30,718,601 28,238,533 21,160,064    
Units converted | shares 0 0                
Allowance for doubtful accounts           46,000 55,000      
Current tax provision           0 0      
Uncertain tax benefits/positions           0 0      
Net change in valuation allowance           3,000,000 3,857,555 2,853,603    
Tax benefit           0 0 0    
Income tax penalties and interest expense           $ 0 0      
Open tax year           2022 2023 2024        
Canadian carryforward capital losses           $ 8,778,327 7,091,216      
Valuation allowance           9,694,729 6,711,158      
Federal, state, or local income taxes, paid           $ 0 0 0    
Recent tax legislation           Effective July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law. Certain provisions of OBBBA modified U.S. tax law and impact us and our shareholders. Among other changes, this legislation (i) permanently extended the 20% deduction for “qualified REIT dividends” for individuals and other non-corporate taxpayers under Section 199A of the Code, (ii) permanently reinstated 100% bonus depreciation for certain property acquired after January 19, 2025, (iii) increased the percentage limit under the REIT asset test applicable to taxable REIT subsidiaries from 20% to 25% for taxable years beginning after December 31, 2025, and (iv) increases the base on which the 30% interest deduction limit under Section 163(j) of the Code applies by excluding depreciation, amortization and depletion from the definition of “adjusted taxable income” for taxable years beginning after December 31, 2024. The provision of OBBBA did not have a material impact to our Consolidated Financial Statements.        
Property acquisitions           $ 0 0      
Sponsor Funding Agreement                    
Summary Of Significant Accounting Policies [Line Items]                    
Net asset value per share | $ / shares     $ 10             $ 10
Canada | Self Storage                    
Summary Of Significant Accounting Policies [Line Items]                    
Assets           293,400,000 278,200,000      
Revenues           $ 17,000,000 15,400,000 8,800,000    
Rental Income | Geographic Concentration Risk | Arizona                    
Summary Of Significant Accounting Policies [Line Items]                    
Concentration risk percentage           15.00%        
Rental Income | Geographic Concentration Risk | Florida                    
Summary Of Significant Accounting Policies [Line Items]                    
Concentration risk percentage           12.00%        
Rental Income | Geographic Concentration Risk | Canada                    
Summary Of Significant Accounting Policies [Line Items]                    
Concentration risk percentage           49.00%        
Distribution                    
Summary Of Significant Accounting Policies [Line Items]                    
Redemption total           $ 3,900,000 2,200,000 500,000    
Redemption fulfilled           3,700,000 1,800,000 400,000    
Redemption payable           $ 200,000 400,000 100,000    
Distribution | Accounts Payable and Accrued Liabilities                    
Summary Of Significant Accounting Policies [Line Items]                    
Redemption payable             $ 400,000 $ 100,000    
Private Offering Dealer Manager Agreement                    
Summary Of Significant Accounting Policies [Line Items]                    
Maximum sale commission fees percentage of proceed from private offering           6.00%        
Maximum dealer manager commission fees percentage of proceed from private offering           3.00%        
Underwriting compensation           10.00%        
Maximum percentage other non-accountable expenses           3.00%        
Class W Common Stock                    
Summary Of Significant Accounting Policies [Line Items]                    
Percentage of offering cost without reimbursement           1.00%        
Net asset value per share | $ / shares     10              
Class W Common Stock | Dealer Manager                    
Summary Of Significant Accounting Policies [Line Items]                    
Maximum sale commission fees percentage of proceed from Primary Offering           1.50%        
Percentage of gross proceeds from sale of shares           10.00%        
Maximum dealer manager servicing fee percentage of proceeds from Primary Offering           9.00%        
Class W Common Stock | Dealer Manager Servicing Fees                    
Summary Of Significant Accounting Policies [Line Items]                    
Monthly servicing fee accrual description           accrued daily in an amount equal to 1/365th of 0.5% of the purchase price per share        
Class A Common Stock                    
Summary Of Significant Accounting Policies [Line Items]                    
Net asset value per share | $ / shares     $ 10              
Units converted | shares     0 0            
Class A Common Stock | Sponsor Funding Agreement                    
Summary Of Significant Accounting Policies [Line Items]                    
Net asset value per share | $ / shares       $ 10            
Class A Common Stock | Dealer Manager                    
Summary Of Significant Accounting Policies [Line Items]                    
Maximum sale commission fees percentage of proceed from Primary Offering           6.00%        
Maximum dealer manager commission fee percentage of proceeds from Primary Offering           3.00%        
Percentage of gross proceeds from sale of shares           10.00%        
Class T Common Stock                    
Summary Of Significant Accounting Policies [Line Items]                    
Net asset value per share | $ / shares     $ 10              
Class T Common Stock | Dealer Manager                    
Summary Of Significant Accounting Policies [Line Items]                    
Maximum sale commission fees percentage of proceed from Primary Offering           3.00%        
Maximum dealer manager commission fee percentage of proceeds from Primary Offering           3.00%        
Percentage of gross proceeds from sale of shares           10.00%        
Class T Common Stock | Stockholder Servicing Fees                    
Summary Of Significant Accounting Policies [Line Items]                    
Monthly servicing fee accrual description           accrued daily in an amount equal to 1/365th of 1% of the purchase price per share        
Class Y Common Stock                    
Summary Of Significant Accounting Policies [Line Items]                    
Price per share | $ / shares       $ 9.3            
Net asset value per share | $ / shares     10              
Class Y Common Stock | Sponsor Funding Agreement                    
Summary Of Significant Accounting Policies [Line Items]                    
Percentage of upfront sales commission       3.00%            
Percentage of upfront dealer manager fee       3.00%            
Class Y Common Stock | Dealer Manager                    
Summary Of Significant Accounting Policies [Line Items]                    
Maximum sale commission fees percentage of proceed from Primary Offering           3.00%        
Maximum dealer manager commission fee percentage of proceeds from Primary Offering           3.00%        
Percentage of gross proceeds from sale of shares           10.00%        
Class Y Common Stock | Stockholder Servicing Fees                    
Summary Of Significant Accounting Policies [Line Items]                    
Monthly servicing fee accrual description           accrued daily in an amount equal to 1/365th of 1% of the purchase price per share        
Class Z Common Stock                    
Summary Of Significant Accounting Policies [Line Items]                    
Price per share | $ / shares       $ 9.3            
Net asset value per share | $ / shares     $ 10              
Class Z Common Stock | Dealer Manager                    
Summary Of Significant Accounting Policies [Line Items]                    
Maximum sale commission fees percentage of proceed from Primary Offering           1.50%        
Percentage of gross proceeds from sale of shares           10.00%        
Maximum dealer manager servicing fee percentage of proceeds from Primary Offering           9.00%        
Class Z Common Stock | Dealer Manager Servicing Fees                    
Summary Of Significant Accounting Policies [Line Items]                    
Monthly servicing fee accrual description           accrued daily in an amount equal to 1/365th of 0.5% of the purchase price per share        
Class Y Shares and Class Z Shares | Sponsor Funding Agreement                    
Summary Of Significant Accounting Policies [Line Items]                    
Percentage of organization and offering expenses       1.00%            
Price per share | $ / shares       $ 9.3   $ 10 $ 10   $ 10  
Minimum                    
Summary Of Significant Accounting Policies [Line Items]                    
Estimated useful life           3 years        
Maximum                    
Summary Of Significant Accounting Policies [Line Items]                    
Estimated useful life           5 years        
Maximum offering cost rate           15.00%        
Canada                    
Summary Of Significant Accounting Policies [Line Items]                    
Net change in valuation allowance           $ 2,658,480        
Canadian carryforward capital losses           33,200,000 $ 26,300,000      
Valuation allowance           $ 9,700,000 6,700,000      
Canada | Minimum                    
Summary Of Significant Accounting Policies [Line Items]                    
Operating loss expiration year           2042        
Canada | Maximum                    
Summary Of Significant Accounting Policies [Line Items]                    
Operating loss expiration year           2044        
Carry Forward of Non-capital Losses                    
Summary Of Significant Accounting Policies [Line Items]                    
Uncertain tax benefits/positions           $ 9,700,000 $ 6,700,000