Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

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, 2021
Self - Storage Facilities by State:	Store Count			Land Initial Cost								Building and Improvements				Accumulated Depreciation
		Debt								Land				Total
AL	8	$	5,261	$	11,021	$	62,772	$	3,712	$	11,021	$	66,484	$	77,505	$	10,573
AZ	23	22,469		27,535		117,304		11,820		27,533		129,126		156,659		31,818
CA	173	369,493		646,278		1,365,639		160,072		646,728		1,525,261		2,171,989		333,516
CO	17	28,776		17,224		81,144		17,834		17,942		98,260		116,202		25,649
CT	6	6,811		8,598		46,974		5,211		8,598		52,185		60,783		11,055
FL	105	173,529		186,083		799,941		63,289		186,209		863,104		1,049,313		163,231
GA	71	68,819		98,519		529,048		37,329		98,503		566,393		664,896		86,525
HI	13	—		17,663		133,870		12,984		17,663		146,854		164,517		33,733
IL	37	23,283		49,304		247,958		34,806		48,757		283,311		332,068		52,591
IN	14	—		12,652		60,605		7,255		12,652		67,860		80,512		14,639
KS	1	—		366		1,897		1,102		366		2,999		3,365		1,326
KY	10	30,996		5,670		60,442		18,768		6,442		78,438		84,880		16,198
LA	4	—		9,105		34,923		5,082		9,106		40,004		49,110		5,130
MA	46	32,251		73,544		270,243		57,334		73,725		327,396		401,121		100,242
MD	34	76,478		104,486		327,904		30,986		103,894		359,482		463,376		88,599
MI	8	5,588		10,900		63,388		4,594		10,900		67,982		78,882		9,011
MN	7	—		9,696		74,960		6,095		9,696		81,055		90,751		5,613
MO	4	—		3,517		13,674		3,374		3,474		17,091		20,565		7,292
MS	3	—		2,914		29,630		1,298		2,914		30,928		33,842		3,244
NC	23	6,684		38,463		150,475		10,399		38,461		160,876		199,337		18,159
NH	2	—		754		4,054		1,353		817		5,344		6,161		2,716
NJ	62	106,726		138,417		605,834		51,542		141,643		654,150		795,793		164,838
NM	10	17,085		30,806		63,495		5,105		30,806		68,600		99,406		12,628
NV	14	29,942		15,252		74,376		6,379		15,252		80,755		96,007		14,958
NY	28	13,886		121,945		237,795		41,749		122,680		278,809		401,489		76,295
OH	16	11,651		17,568		49,287		9,036		17,567		58,324		75,891		16,292
OR	8	16,804		15,066		68,044		2,268		15,066		70,312		85,378		10,284
PA	21	8,673		35,104		190,966		14,639		34,396		206,313		240,709		34,860
RI	2	3,952		3,191		6,926		1,369		3,191		8,295		11,486		3,473
SC	23	25,008		36,617		148,900		10,789		36,618		159,688		196,306		29,256
TN	21	42,375		34,740		138,399		11,557		34,740		149,956		184,696		25,607
TX	101	116,803		173,040		635,935		67,710		172,892		703,793		876,685		143,451
UT	10	14,316		9,008		39,295		3,072		9,008		42,367		51,375		12,587
VA	50	52,508		150,324		470,969		27,164		150,325		498,132		648,457		93,787
WA	9	5,167		13,762		60,926		11,618		13,764		72,542		86,306		14,437
DC	1	8,175		14,394		18,172		507		14,394		18,679		33,073		2,865
Other corporate assets		—		—		1,323		181,117		—		182,440		182,440		57,041
Intangible tenant relationships and lease rights		—		—		147,020		—		—		147,020		147,020		130,561
Construction in Progress/Undeveloped Land		—		7,111		2,778		56,441		3,576		62,754		66,330		621
Right of use asset - finance lease		—		—		—		117,718		—		117,718		117,718		3,049
Totals (1)	985	$	1,323,509	$	2,150,637	$	7,437,285	$	1,114,477	$	2,151,319	$	8,551,080	$	10,702,399	$	1,867,750

(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, 2021, 2020 and 2019 is as follows:

	2021		2020		2019
Operating facilities
Balance at beginning of year	$	9,507,788	$	9,129,558	$	8,709,315
Acquisitions	1,500,703		255,235		303,588
Improvements	80,131		66,693		68,459
Transfers from construction in progress	62,462		40,988		59,614
Dispositions and other	(507,362)		15,314		(11,418)
Balance at end of year	$	10,643,722	$	9,507,788	$	9,129,558
Accumulated depreciation:
Balance at beginning of year	$	1,681,429	$	1,473,851	$	1,262,438
Depreciation expense	230,445		217,364		212,202
Dispositions and other	(43,553)		(9,786)		(789)
Balance at end of year	$	1,868,321	$	1,681,429	$	1,473,851
Real estate under development/redevelopment:
Balance at beginning of year	$	67,443	$	41,157	$	44,954
Current development	54,267		67,274		55,817
Transfers to operating facilities	(62,462)		(40,988)		(59,614)
Dispositions and other	—		—		—
Balance at end of year	$	59,248	$	67,443	$	41,157
Net non-lease real estate assets	$	8,834,649	$	7,893,802	$	7,696,864

(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, 2021, the aggregate cost of real estate for U.S. federal income tax purposes was $8,865,491.