Quarterly report pursuant to Section 13 or 15(d)

SELF STORAGE PROPERTIES

v2.4.1.9
SELF STORAGE PROPERTIES
 3 Months Ended
Mar. 31, 2015
Real Estate [Abstract]  
SELF STORAGE PROPERTIES
SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
 
March 31,
 
December 31,
 
2015
 
2014
Land
$
241,714

 
$
236,691

Buildings and improvements
635,879

 
600,284

Furniture and equipment
2,038

 
1,966

Total self storage properties
879,631

 
838,941

Less accumulated depreciation
(45,961
)
 
(39,614
)
Self storage properties, net
$
833,670

 
$
799,327