Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III - Real Estate and Accumulated Depreciation

						Building and Improvements Initial Cost		Adjustments and Costs to Land and Building Subsequent to Acquisition		Gross carrying amount at December 31, 2020
Self - Storage Facilities by State:	Store Count			Land Initial Cost								Building and Improvements				Accumulated Depreciation
		Debt								Land				Total
AL	9	$	30,450	$	8,766	$	53,158	$	4,026	$	8,767	$	57,183	$	65,950	$	9,689
AZ	23	21,885		27,535		117,304		10,218		27,533		127,524		155,057		28,011
CA	168	514,047		539,355		1,191,333		124,766		540,043		1,315,411		1,855,454		302,214
CO	17	29,605		17,224		81,144		16,619		17,942		97,045		114,987		22,571
CT	7	23,583		9,875		50,966		5,402		9,874		56,369		66,243		11,638
FL	92	270,055		161,339		624,568		57,728		161,465		682,170		843,635		145,939
GA	66	86,912		87,450		436,339		34,164		87,434		470,519		557,953		73,133
HI	13	30,484		17,663		133,870		6,664		17,663		140,534		158,197		29,660
IL	39	44,694		48,723		248,347		30,362		48,176		279,256		327,432		51,032
IN	15	10,825		12,447		58,247		6,521		12,447		64,768		77,215		13,688
KS	1	—		366		1,897		1,080		366		2,977		3,343		1,206
KY	11	34,289		8,640		68,679		18,858		9,412		86,765		96,177		14,883
LA	2	—		6,114		8,541		4,787		6,115		13,327		19,442		4,541
MA	46	103,569		73,544		270,243		55,023		73,725		325,085		398,810		90,473
MD	31	107,272		97,772		275,357		28,895		97,180		304,844		402,024		79,171
MI	7	5,690		9,583		51,359		3,984		9,583		55,343		64,926		7,338
MN	6	—		8,666		59,483		589		8,666		60,072		68,738		3,978
MO	5	—		4,129		15,444		4,407		4,086		19,894		23,980		8,055
MS	3	—		2,420		20,849		1,575		2,420		22,424		24,844		3,294
NC	19	27,881		31,969		104,104		8,479		31,967		112,585		144,552		14,470
NH	2	5,853		754		4,054		1,300		817		5,291		6,108		2,552
NJ	60	159,385		142,291		560,512		46,254		137,258		611,799		749,057		147,109
NM	11	17,387		32,252		71,142		5,916		32,252		77,058		109,310		11,655
NV	14	37,829		15,252		74,376		5,202		15,252		79,578		94,830		12,733
NY	28	43,510		121,945		237,795		38,200		122,679		275,261		397,940		67,681
OH	17	33,744		17,788		50,493		8,043		17,787		58,537		76,324		15,166
OR	6	29,642		7,906		39,576		2,094		7,906		41,670		49,576		8,729
PA	19	34,051		25,518		155,095		13,573		24,810		169,376		194,186		29,247
RI	2	11,621		3,191		6,926		1,333		3,191		8,259		11,450		3,210
SC	24	34,036		38,684		143,826		11,228		38,685		155,053		193,738		27,087
TN	20	46,809		29,806		125,653		9,950		29,806		135,603		165,409		21,279
TX	102	195,522		171,687		666,970		65,514		171,539		732,632		904,171		133,990
UT	10	23,225		9,008		39,295		2,634		9,008		41,929		50,937		11,201
VA	46	162,806		139,318		414,335		22,410		139,319		436,744		576,063		81,436
WA	8	19,936		12,528		47,645		3,403		12,530		51,046		63,576		12,843
DC	1	8,475		14,394		18,172		462		14,394		18,634		33,028		2,344
Other corporate assets		—		—		656		163,815		—		164,471		164,471		48,232
Intangible tenant relationships and lease rights		—		—		134,932		2,206		—		137,138		137,138		129,385
Construction in Progress/Undeveloped Land		—		5,447		—		65,368		3,372		67,443		70,815		—
Right of use asset - finance lease		—		—		—		58,145		—		58,145		58,145		566
Totals (1)	950	$	2,205,072	$	1,961,349	$	6,662,685	$	951,197	$	1,955,469	$	7,619,762	$	9,575,231	$	1,681,429

(1) No right-of-use assets related to operating leases are included in the ending net real estate assets information above.

Activity in real estate facilities during the years ended December 31, 2020, 2019 and 2018 is as follows:

	2020		2019		2018
Operating facilities
Balance at beginning of year	$	9,129,558	$	8,709,315	$	8,158,741
Acquisitions	255,235		303,588		459,223
Improvements	66,693		68,459		64,336
Transfers from construction in progress	40,988		59,614		49,449
Dispositions and other	15,314		(11,418)		(22,434)
Balance at end of year	$	9,507,788	$	9,129,558	$	8,709,315
Accumulated depreciation:
Balance at beginning of year	$	1,473,851	$	1,262,438	$	1,060,060
Depreciation expense	217,364		212,202		203,030
Dispositions and other	(9,786)		(789)		(652)
Balance at end of year	$	1,681,429	$	1,473,851	$	1,262,438
Real estate under development/redevelopment:
Balance at beginning of year	$	41,157	$	44,954	$	33,750
Current development	67,274		55,817		60,677
Transfers to operating facilities	(40,988)		(59,614)		(49,449)
Dispositions and other	—		—		(24)
Balance at end of year	$	67,443	$	41,157	$	44,954
Net non-lease real estate assets	$	7,893,802	$	7,696,864	$	7,491,831

(1) No right-of-use assets related to operating leases are included in the ending net real estate assets information above.

As of December 31, 2020, the aggregate cost of real estate for U.S. federal income tax purposes was $7,817,038.