Annual report pursuant to Section 13 and 15(d)

SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)

v3.24.0.1
SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023 and 2022 (dollars in thousands):
Acquisitions closed during the Three Months Ended: Summary of Investment
Number of Properties Cash and Acquisition Costs
Value of Equity(1)
Other Liabilities/ (Other Assets) 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 
December 31, 2023 2  16,972  8,062  (12) 25,022 
Total
 20  $ 48,725  $ 180,540  $ 185  $ 229,450 
March 31, 2022 12  $ 76,027  $ 16,576  $ 332  $ 92,935 
June 30, 2022 8  99,954  13,938  641  114,533 
September 30, 2022 23  313,784  6,244  1,761  321,789 
December 31, 2022 2  7,622  32,141  156  39,919 
Total
 45  $ 497,387  $ 68,899  $ 2,890  $ 569,176 
(1)Value of OP equity represents the fair value of Series A-1 preferred units, Series B Preferred Shares, OP units, subordinated performance units, and LTIP units.
(2)During the three months ended June 30, 2023, the Company acquired two annexes to existing properties.