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Investments in Unconsolidated Real Estate Ventures - (Tables)
 12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in Unconsolidated Real Estate Ventures
Investments in unconsolidated real estate ventures consist of the following:
 
Number of Properties
Equity
Ownership %
 
Excess Profit
Participation %
 
December 31,
 
2017
 
2016
VRS Self Storage, LLC ("VRS")
16
45%
 
54%
 
$
19,467

 
$
20,433

Storage Portfolio I LLC ("SP I")
24
25%
 
40%
 
11,495

 
11,782

Storage Portfolio II JV LLC ("SP II'")
36
10%
 
30%
 
(3,140
)
 
—

PRISA Self Storage LLC ("PRISA")
85
4%
 
4%
 
9,638

 
10,152

Extra Space West Two LLC ("ESW II")
5
5%
 
40%
 
3,939

 
4,048

WCOT Self Storage LLC ("WCOT")
16
5%
 
20%
 
(357
)
 
160

Extra Space West One LLC ("ESW")
7
5%
 
40%
 
(900
)
 
(546
)
Extra Space Northern Properties Six LLC ("ESNPS")
10
10%
 
35%
 
(1,279
)
 
(905
)
Other minority owned stores
15
10-50%
 
19-50%
 
31,228

 
34,446

 
214
 
 
 
 
$
70,091

 
$
79,570
Equity Method Investments
Information about these real estate ventures is summarized as follows:
 
Number of new unconsolidated joint ventures
Number of Stores
 
Equity ownership %
 
Total initial investment
Year ended December 31, 2017
4
39
 
10.0% - 25.0%
 
$
13,341

Year ended December 31, 2016
8
8
 
20.0% - 50.0%
 
$
26,387

Year ended December 31, 2015
1
1
 
50%
 
$
2,885
Schedule of Equity in Earnings of Unconsolidated Real Estate Ventures
Equity in earnings of unconsolidated real estate ventures consists of the following:
 
For the Year Ended December 31,
 
2017
 
2016
 
2015
Equity in earnings of VRS
$
3,562

 
$
2,919

 
$
4,041

Equity in earnings of SP I
2,684

 
2,380

 
1,951

Equity in earnings of SP II
33

 
—

 
—

Equity in earnings of PRISA
2,430

 
1,912

 
1,013

Equity in earnings of ESW II
1,210

 
174

 
145

Equity in earnings of WCOT
1,033

 
614

 
569

Equity in earnings of ESW
2,502

 
2,269

 
1,875

Equity in earnings of ESNPS
918

 
823

 
633

Equity in earnings of other minority owned stores
959

 
1,804

 
2,124

 
$
15,331

 
$
12,895

 
$
12,351