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Investments in Unconsolidated Real Estate Ventures - (Tables)
 6 Months Ended
Jun. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of investments in unconsolidated real estate ventures
Net investments in unconsolidated real estate ventures and cash distributions in unconsolidated real estate ventures consist of the following:
 
Number of Stores
 
Equity Ownership %
 
Excess Profit % (1)
 
June 30,
 
December 31,
 
2019
 
2018
PRISA Self Storage LLC
85
 
4%
 
4%
 
$
9,213

 
$
9,334

Storage Portfolio II JV LLC
36
 
10%
 
30%
 
(4,774
)
 
(4,233
)
Storage Portfolio I LLC
24
 
34%
 
49%
 
(38,400
)
 
(38,129
)
VRS Self Storage, LLC
16
 
45%
 
54%
 
17,704

 
18,281

ESS-NYFL JV LP
15
 
16%
 
24%
 
14,231

 
—

Extra Space Northern Properties Six LLC
10
 
10%
 
35%
 
(1,903
)
 
(1,700
)
WICNN JV LLC
9
 
10%
 
25%
 
32,635

 
26,885

Alan Jathoo JV LLC
9
 
10%
 
10%
 
8,086

 
8,180

ESS Bristol Investments LLC
8
 
10%
 
28%
 
2,936

 
2,331

GFN JV, LLC
5
 
10%
 
25%
 
12,324

 
10,586

Extra Space West Two LLC (2)
—
 
5%
 
40%
 
—

 
3,818

Extra Space West One LLC (2)
—
 
5%
 
40%
 
—

 
(1,038
)
Other minority owned stores
22
 
10-50%
 
19-50%
 
77,347

 
45,814

Net Investments in and Cash distributions in unconsolidated real estate ventures
239
 
 
 
 
 
$
129,399

 
$
80,129


(1) Includes pro-rata equity ownership share and promoted interest.
(2) In January 2019, the Company purchased its joint venture partners' 95% interests in the Extra Space West One LLC and Extra Space West Two LLC joint ventures, which owned a total of 12 stores. The Company paid $172,505 of cash to acquire the equity interests, and subsequent to this acquisition, the Company owned 100% of the joint ventures and the related stores.