Annual report pursuant to Section 13 and 15(d)

INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES - Condensed Financial Information (Details)

v3.10.0.1
INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES - Condensed Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2018
Dec. 31, 2017
ASSETS      
Self storage properties, net   $ 1,894,412 $ 655,973
Other assets   50,915 8,397
Total assets   1,945,327 664,370
LIABILITIES AND EQUITY      
Debt financing   956,357 317,359
Other liabilities   16,516 4,855
Equity   972,454 342,156
Total liabilities and equity   1,945,327 664,370
INCOME STATEMENT      
Total revenue $ 12,197 94,507 54,747
Property operating expenses 3,850 30,229 18,463
Net operating income 8,347 64,278 36,284
Supervisory, administrative and other expenses (949) (6,397) (3,921)
Depreciation and amortization (6,235) (40,930) (29,192)
Interest expense (2,823) (20,718) (11,389)
Loss on sale of self storage properties 0 (820) 0
Acquisition and other expenses (4,277) (1,188) (1,146)
Net loss $ (5,937) $ (5,775) $ (9,364)