Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS AND DISPOSITIONS (Tables)

v3.23.3
ACQUISITIONS AND DISPOSITIONS (Tables)
 9 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Summary of Self Storage Property Acquisitions
The following table summarizes the investment in self storage property acquisitions completed by the Company during the nine months ended September 30, 2023 (dollars in thousands):
Acquisitions Closed During the Three Months Ended: Number of Properties Summary of Investment
Cash and Acquisition Costs
Value of Equity(1)
Other Liabilities Total
March 31, 2023 16 $ 9,920  $ 150,531  $ 85  $ 160,536 
June 30, 2023(2)
— 8,167  5,577  34  13,778 
September 30, 2023 2 13,666  16,370  78  30,114 
Total
 18 $ 31,753  $ 172,478  $ 197  $ 204,428 
(1)Value of equity represents the fair value of Series A-1 preferred units, Series B Preferred Shares, subordinated performance units, OP units and LTIP units.
(2)During the three months ended June 30, 2023, the Company acquired two annexes to existing properties.