Annual report pursuant to Section 13 and 15(d)

INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES - Condensed Financial Information (Details)

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INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES - Condensed Financial Information (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
ASSETS      
Self storage properties, net $ 1,835,235 $ 1,894,412  
Other assets 22,413 50,915  
Total assets 1,857,648 1,945,327  
LIABILITIES AND EQUITY      
Debt financing 989,182 956,357  
Other liabilities 20,487 16,516  
Equity 847,979 972,454  
Total liabilities and equity 1,857,648 1,945,327  
INCOME STATEMENT      
Total revenue 162,827 94,507 $ 54,747
Property operating expenses 49,845 30,229 18,463
Net operating income 112,982 64,278 36,284
Supervisory, administrative and other expenses (10,818) (6,397) (3,921)
Depreciation and amortization (79,556) (40,930) (29,192)
Interest expense (39,936) (20,718) (11,389)
Loss on sale of self storage properties (806) (820) 0
Acquisition and other expenses (1,971) (1,188) (1,146)
Net loss $ (20,105) $ (5,775) $ (9,364)