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Store Acquisitions and Dispositions
 9 Months Ended
Sep. 30, 2019
Real Estate [Abstract]  
Store Acquisitions and Dispositions
STORE ACQUISITIONS AND DISPOSITIONS

Store Acquisitions

The following table shows the Company’s acquisitions of stores for the three and nine months ended September 30, 2019 and 2018. The table excludes purchases of raw land and improvements made to existing assets. All acquisitions are considered asset acquisitions under ASU 2017-01, "Business Combinations (Topic 805): Clarifying the Definition of a Business."
 
 
 
Consideration Paid
 
Total
Quarter
Number of Stores
 
Total
 
Cash Paid
 
Loan Assumed
Investments in Real Estate Ventures
Net Liabilities/ (Assets) Assumed
Value of OP Units Issued
Number of OP Units Issued
 
Real estate assets
Q3 2019
1
 
$
16,937

 
$
16,941

 
$
—

$
—

$
(4
)
$
—

—

 
$
16,937

Q2 2019
1
 
8,424

 
8,424

 
—

—

—

—

—

 
8,424

Q1 2019
14
(1) 
223,740

 
202,890

 
17,157

2,780

913

—

—

 
223,740

 
16
 
$
249,101

 
$
228,255

 
$
17,157

$
2,780

$
909

$
—

—

 
$
249,101

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Q3 2018
6
 
$
74,694

 
$
71,989

 
$
—

$
—

$
2,705

$
—

—

 
$
74,694

Q2 2018
17
(2) 
237,284

 
148,650

 
87,500

(1,024
)
281

1,877

21,768

 
237,284

Q1 2018
5
(2) 
70,787

 
70,171

 
—

489

127

—

—

 
70,787

 
28
 
$
382,765

 
$
290,810

 
$
87,500

$
(535
)
$
3,113

$
1,877

21,768

 
$
382,765



(1) Store acquisitions during the three months ended March 31, 2019 include the purchase of 12 stores previously held in joint ventures where the Company held a noncontrolling interest. The Company purchased its partners' remaining equity interests in the joint ventures, and the properties owned by the joint ventures became wholly owned by the Company. No gain or loss was recognized as a result of these acquisitions.

(2) Store acquisitions during the six months ended June 30, 2018 include the acquisition of 15 stores that had been owned by a joint venture in which the Company held a noncontrolling interest. No gain or loss was recognized as a result of these acquisitions.

Store Dispositions

On April 11, 2019, the Company closed on the sale of a store located in New York that had been classified as held for sale for $11,272 in cash. The Company recorded a gain on the sale of $1,205.

On August 16, 2018, the Company closed on the sale of a store located in California that had been classified as held for sale for $40,235 in cash. The Company recorded a gain on the sale of $30,671.