SELF STORAGE PROPERTIES (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | |||
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Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Dec. 31, 2020 |
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Real Estate [Abstract] | |||||
Land | $ 790,748 | $ 790,748 | $ 738,863 | ||
Buildings and improvements | 3,277,794 | 3,277,794 | 2,892,490 | ||
Furniture and equipment | 8,474 | 8,474 | 7,839 | ||
Total self storage properties | 4,077,016 | 4,077,016 | 3,639,192 | ||
Less accumulated depreciation | (504,498) | (504,498) | (443,623) | ||
Self storage properties, net | 3,572,518 | 3,572,518 | $ 3,195,569 | ||
Depreciation expense related to self storage properties | $ 31,500 | $ 26,300 | $ 60,900 | $ 52,000 |
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- Definition The expense recognized in the current period that allocates the cost of nonproduction tangible assets over their useful lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accumulated depreciation of fixtures and equipment. Includes, but is not limited to, machinery, equipment, and engines. No definition available.
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- Definition Aggregate of the carrying amounts as of the balance sheet date of investments in building and building improvements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The cumulative amount of depreciation for real estate property held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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