| Schedule of Condensed Financial Information of Joint Ventures |
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December 31, 2018 |
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December 31, 2017 |
ASSETS |
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Self storage properties, net |
$ |
1,894,412 |
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$ |
655,973 |
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Other assets |
50,915 |
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|
8,397 |
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Total assets |
$ |
1,945,327 |
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$ |
664,370 |
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LIABILITIES AND EQUITY |
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Debt financing |
$ |
956,357 |
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$ |
317,359 |
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Other liabilities |
16,516 |
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|
4,855 |
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Equity |
972,454 |
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|
342,156 |
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Total liabilities and equity |
$ |
1,945,327 |
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$ |
664,370 |
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The following table presents the combined condensed operating information of the Company's unconsolidated real estate ventures for the years ended December 31, 2018 and 2017 and the period ended December 31, 2016 (in thousands):
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Year Ended December 31, |
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Period Ended |
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2018 |
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2017 |
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December 31, 2016 |
Total revenue |
$ |
94,507 |
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$ |
54,747 |
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$ |
12,197 |
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Property operating expenses |
30,229 |
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|
18,463 |
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|
3,850 |
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Net operating income |
64,278 |
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|
36,284 |
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|
8,347 |
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Supervisory, administrative and other expenses |
(6,397 |
) |
|
(3,921 |
) |
|
(949 |
) |
Depreciation and amortization |
(40,930 |
) |
|
(29,192 |
) |
|
(6,235 |
) |
Interest expense |
(20,718 |
) |
|
(11,389 |
) |
|
(2,823 |
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Loss on sale of self storage properties |
(820 |
) |
|
— |
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— |
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Acquisition and other expenses |
(1,188 |
) |
|
(1,146 |
) |
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(4,277 |
) |
Net loss |
$ |
(5,775 |
) |
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$ |
(9,364 |
) |
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$ |
(5,937 |
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