XML 54 R43.htm IDEA: XBRL DOCUMENT v3.21.2
Investments in Unconsolidated Real Estate Entities (Details)
$ in Thousands
1 Months Ended 9 Months Ended
Mar. 01, 2021
USD ($)
store
Jun. 30, 2021
USD ($)
store
joint_venture
Sep. 30, 2021
USD ($)
store
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     257    
Equity Ownership % 55.00%        
Investment balance     $ 310,569   $ 350,318
Gain on sale of joint ventures   $ 525      
Number of stores sold | store 16        
Proceeds from sale of real estate assets and investments in real estate ventures $ 132,759        
Real estate exchanged for interest in joint venture $ 33,878        
Amount invested     $ 20,834 $ 13,937  
Number of joint venture stores purchased | store     15    
Number of joint ventures sold | joint_venture   2      
Proceeds from sale of joint ventures   $ 1,888      
Number of joint ventures purchased | joint_venture   2      
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 | store     5    
Equity Ownership %     25.00%    
Excess Profit %     40.00%    
Investment balance     $ 59,633   60,092
WICNN JV LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     0    
Equity Ownership %     10.00%    
Excess Profit %     35.00%    
Investment balance     $ 0   36,032
ESS-CA TIVS JV LP          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     16    
Equity Ownership %     55.00%    
Excess Profit %     60.00%    
Investment balance     $ 33,543   0
GFN JV, LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     0    
Equity Ownership %     10.00%    
Excess Profit %     30.00%    
Investment balance     $ 0   18,397
ESS-NYFL JV LP          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     11    
Equity Ownership %     16.00%    
Excess Profit %     24.00%    
Investment balance     $ 11,959   12,211
PRISA Self Storage LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     85    
Equity Ownership %     4.00%    
Excess Profit %     4.00%    
Investment balance     $ 8,694   8,815
Alan Jathoo JV LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     9    
Equity Ownership %     10.00%    
Excess Profit %     10.00%    
Investment balance     $ 7,651   7,780
Storage Portfolio IV JV LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     15    
Equity Ownership %     10.00%    
Excess Profit %     30.00%    
Investment balance     $ 20,528   0
Storage Portfolio III JV LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     5    
Equity Ownership %     10.00%    
Excess Profit %     30.00%    
Investment balance     $ 5,613   5,726
ESS Bristol Investments LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     8    
Equity Ownership %     10.00%    
Excess Profit %     30.00%    
Investment balance     $ 2,715   2,810
Extra Space Northern Properties Six LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     10    
Equity Ownership %     10.00%    
Excess Profit %     35.00%    
Investment balance     $ (2,855)   (2,541)
Storage Portfolio II JV LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     36    
Equity Ownership %     10.00%    
Excess Profit %     30.00%    
Investment balance     $ (5,954)   (5,441)
VRS Self Storage, LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     16    
Equity Ownership %     45.00%    
Excess Profit %     54.00%    
Investment balance     $ (14,570)   17,186
Storage Portfolio I LLC          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     24    
Equity Ownership %     34.00%    
Excess Profit %     49.00%    
Investment balance     $ (39,817)   (39,144)
Other minority owned stores          
Schedule of Equity Method Investments [Line Items]          
Number of Stores | store     17    
Investment balance     $ 23,429   28,395
SmartStop Self Storage REIT, Inc. Preferred Stock          
Schedule of Equity Method Investments [Line Items]          
Investment balance     $ 200,000   $ 200,000
Investment, preferred dividend rate     6.25%    
Period after which preferred stock dividend is subject to increase     5 years    
Investment redemption restriction period     5 years    
WICNN JV LLC and GFN JV, LLC          
Schedule of Equity Method Investments [Line Items]          
Number of joint venture stores sold | store   17      
Gain on sale of joint ventures   $ 5,739