Annual report pursuant to Section 13 and 15(d)

SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)

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SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)
12 Months Ended
Dec. 31, 2019
Asset Acquisitions And Dispositions [Abstract]  
Schedule of investments in self storage property acquisitions
The following table summarizes, by calendar quarter, the investments in self storage property acquisitions completed by the Company during the years ended December 31, 2019 and 2018 (dollars in thousands):
Acquisitions closed during the Three Months Ended: Summary of Investment
Number of Properties Cash and Acquisition Costs
Value of OP Equity(1)
Liabilities Assumed Total
Mortgages(2)
Other
March 31, 2019 32    $ 160,531    $ 33,356    $ —    $ 674    $ 194,561   
June 30, 2019 24    168,442    15,515    —    1,378    185,335   
September 30, 2019   34,624    950    —    197    35,771   
December 31, 2019   30,004    2,005    —    154    32,163   
Total
69    $ 393,601    $ 51,826    $ —    $ 2,403    $ 447,830   
March 31, 2018 25    $ 105,135    $ 22,403    $ 7,581    $ 670    $ 135,789   
June 30, 2018 12    62,470    —    —    467    62,937   
September 30, 2018 13    102,012    3,660    —    856    106,528   
December 31, 2018   49,221    2,000    —    174    51,395   
Total
57    $ 318,838    $ 28,063    $ 7,581    $ 2,167    $ 356,649   
(1)Value of OP equity represents the fair value of Series A-1 preferred units, OP units, subordinated performance units, and LTIP units.
(2)Includes fair value of debt adjustment for assumed mortgages of approximately $0.2 million during the year ended December 31, 2018.