XML 52 R42.htm IDEA: XBRL DOCUMENT v3.20.2
Investments in Unconsolidated Real Estate Entities - Schedule of Investments (Details)
$ in Thousands
1 Months Ended
Oct. 31, 2019
USD ($)
Oct. 26, 2020
USD ($)
Sep. 30, 2020
USD ($)
property
Dec. 31, 2019
USD ($)
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     247  
Investment balance     $ 301,259 $ 292,790
Subsequent Event        
Schedule of Equity Method Investments [Line Items]        
Loan receivable purchased, principal amount   $ 50,000    
Minimum        
Schedule of Equity Method Investments [Line Items]        
Equity Ownership %     10.00%  
Excess Profit %     19.00%  
Maximum        
Schedule of Equity Method Investments [Line Items]        
Equity Ownership %     50.00%  
Excess Profit %     50.00%  
PR EXR Self Storage, LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     5  
Equity Ownership %     25.00%  
Excess Profit %     40.00%  
Investment balance     $ 60,343 59,391
WICNN JV LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     10  
Equity Ownership %     10.00%  
Excess Profit %     35.00%  
Investment balance     $ 36,161 36,552
VRS Self Storage, LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     16  
Equity Ownership %     45.00%  
Excess Profit %     54.00%  
Investment balance     $ 17,303 17,639
ESS-NYFL JV LP        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     11  
Equity Ownership %     16.00%  
Excess Profit %     26.00%  
Investment balance     $ 12,341 13,320
GFN JV, LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     7  
Equity Ownership %     10.00%  
Excess Profit %     30.00%  
Investment balance     $ 18,473 12,168
PRISA Self Storage LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     85  
Equity Ownership %     4.00%  
Excess Profit %     4.00%  
Investment balance     $ 8,908 9,133
Alan Jathoo JV LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     9  
Equity Ownership %     10.00%  
Excess Profit %     10.00%  
Investment balance     $ 7,824 7,977
Storage Portfolio III JV LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     5  
Equity Ownership %     10.00%  
Excess Profit %     30.00%  
Investment balance     $ 5,761 3,995
ESS Bristol Investments LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     8  
Equity Ownership %     10.00%  
Excess Profit %     30.00%  
Investment balance     $ 2,807 3,046
Extra Space Northern Properties Six LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     10  
Equity Ownership %     10.00%  
Excess Profit %     35.00%  
Investment balance     $ (2,422) (2,091)
Storage Portfolio II JV LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     36  
Equity Ownership %     10.00%  
Excess Profit %     30.00%  
Investment balance     $ (5,244) (4,827)
Storage Portfolio I LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     24  
Equity Ownership %     34.00%  
Excess Profit %     49.00%  
Investment balance     $ (38,860) (38,345)
Other minority owned stores        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     21  
Investment balance     $ 27,864 24,832
SmartStop Self Storage REIT, Inc. Preferred Stock        
Schedule of Equity Method Investments [Line Items]        
Investment balance     $ 150,000 $ 150,000
Amount invested $ 150      
Investment commitment $ 50      
Investment commitment, period 12 months      
Investment, preferred dividend rate 6.25%      
Period after which preferred stock dividend is subject to increase 5 years      
Investment redemption restriction period 5 years