Annual report pursuant to Section 13 and 15(d)

SELF STORAGE PROPERTY ACQUISITIONS (Tables)

v3.22.0.1
SELF STORAGE PROPERTY ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
Summary of 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, 2021 and 2020 (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)
Other Liabilities Total
March 31, 2021 23 $ 141,928  $ 22,897  $ 1,138  $ 165,963 
June 30, 2021 20 243,580  24,102  1,711  269,393 
September 30, 2021 76 562,105  31,074  6,098  599,277 
December 31, 2021 110 1,018,082  117,026  5,285  1,140,393 
Total
229 $ 1,965,695  $ 195,099  $ 14,232  $ 2,175,026 
March 31, 2020 36 $ 214,584  $ 7,217  $ 972  $ 222,773 
June 30, 2020 4 30,198  5,842  207  36,247 
September 30, 2020 4 20,173  3,427  204  23,804 
December 31, 2020 33 237,517  20,747  2,244  260,508 
Total
77 $ 502,472  $ 37,233  $ 3,627  $ 543,332 
(1)Value of OP equity represents the fair value of Series A-1 preferred units, OP units, subordinated performance units, and LTIP units.