Quarterly report pursuant to Section 13 or 15(d)

SELF STORAGE PROPERTIES

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SELF STORAGE PROPERTIES
 6 Months Ended
Jun. 30, 2021
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
June 30, 2021 December 31, 2020
Land $ 790,748  $ 738,863 
Buildings and improvements 3,277,794  2,892,490 
Furniture and equipment 8,474  7,839 
Total self storage properties 4,077,016  3,639,192 
Less accumulated depreciation (504,498) (443,623)
Self storage properties, net $ 3,572,518  $ 3,195,569 
Depreciation expense related to self storage properties amounted to $31.5 million and $26.3 million during the three months ended June 30, 2021 and 2020, respectively, and $60.9 million and $52.0 million during the six months ended June 30, 2021 and 2020, respectively.