Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Self Storage Property Acquisitions
Subsequent to June 30, 2022, the Company acquired six self storage properties for approximately $71.6 million. Consideration for these acquisitions included approximately $66.0 million of net cash, the assumption of approximately $0.3 million of other working capital liabilities, and OP equity of approximately $5.3 million (consisting of the issuance of 71,320 OP Units and 10,971 subordinated performance units).
Common Share Repurchase Program
On July 11, 2022, the Company approved a share repurchase program authorizing, but not obligating, the repurchase of up to $400.0 million of the Company's common shares of beneficial interest from time to time. The Company expects to acquire shares through open market or privately negotiated transactions. The timing and amount of repurchase transactions will be determined by the Company's management based on its evaluation of market conditions, share price, legal requirements and other factors.