Quarterly report pursuant to Section 13 or 15(d)

SELF STORAGE PROPERTIES

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SELF STORAGE PROPERTIES
9 Months Ended
Sep. 30, 2015
Real Estate [Abstract]  
SELF STORAGE PROPERTIES
SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
 
September 30,
 
December 31,
 
2015
 
2014
Land
$
296,542

 
$
236,691

Buildings and improvements
779,078

 
600,284

Furniture and equipment
2,181

 
1,966

Total self storage properties
1,077,801

 
838,941

Less accumulated depreciation
(59,881
)
 
(39,614
)
Self storage properties, net
$
1,017,920

 
$
799,327