Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Details)

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INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Self storage properties, net $ 610,633 $ 614,754
Other assets 16,521 19,936
Total assets 627,154 634,690
LIABILITIES AND EQUITY    
Debt financing 317,109 317,047
Other liabilities 5,041 4,498
Equity 305,004 313,145
Total liabilities and equity 627,154 $ 634,690
INCOME STATEMENT    
Total revenue 12,507  
Property operating expenses 4,068  
Net operating income 8,439  
Supervisory, administrative and other expenses (898)  
Depreciation and amortization (7,489)  
Interest expense (2,826)  
Acquisition and other expenses (366)  
Net loss $ (3,140)