Investments in Unconsolidated Real Estate Ventures (Tables)

6 Months Ended

Jun. 30, 2026

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 Became Operational	Equity Ownership %	June 30, 2026		December 31, 2025
Toronto (1)	Toronto, Ontario	June 2025	50%	$	3,653,653	$	4,160,699
Toronto II (1)	Toronto, Ontario	April 2025	50%		4,688,860		5,254,183
Dorval (1)	Dorval, Quebec	June 2025	50%		2,570,895		3,106,052
Hamilton (1)	Hamilton, Ontario	October 2024	50%		1,764,341		2,131,495
Montreal (1)	Montreal, Quebec	May 2026	50%		3,997,707		9,860,516
				$	16,675,456	$	24,512,945

(1)As of June 30, 2026, these five JV Properties were encumbered by first mortgages pursuant to the SmartCentres Financing (defined below).