Annual report pursuant to Section 13 and 15(d)

SELF STORAGE PROPERTIES (Tables)

v3.6.0.2
SELF STORAGE PROPERTIES (Tables)
12 Months Ended
Dec. 31, 2016
Real Estate [Abstract]  
Schedule of self storage properties
Self storage properties are summarized as follows (dollars in thousands):
 
December 31,
 
2016
 
2015
Land
$
456,135

 
$
315,867

Buildings and improvements
1,383,603

 
829,093

Furniture and equipment
4,598

 
2,241

Total self storage properties
1,844,336

 
1,147,201

Less accumulated depreciation
(110,803
)
 
(68,100
)
Self storage properties, net
$
1,733,533

 
$
1,079,101