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Real Estate Assets
3 Months Ended
Mar. 31, 2022
Real Estate [Abstract]  
Real Estate Assets REAL ESTATE ASSETS
The components of real estate assets are summarized as follows:
March 31, 2022December 31, 2021
Land$2,186,751 $2,151,319 
Buildings, improvements and other intangibles8,347,651 8,227,094 
Right of use asset - finance lease114,668 117,718 
Intangible assets - tenant relationships135,535 134,577 
Intangible lease rights12,443 12,443 
10,797,048 10,643,151 
Less: accumulated depreciation and amortization(1,929,716)(1,867,750)
Net operating real estate assets8,867,332 8,775,401 
Real estate under development/redevelopment73,392 59,248 
Real estate assets, net$8,940,724 $8,834,649 
Real estate assets held for sale included in real estate assets, net$23,742 $8,436 
As of March 31, 2022, the Company had two stores classified as held for sale. The estimated fair value less selling costs of these assets is greater than the carrying value of the assets, and therefore no loss has been recorded related to these assets. Assets held for sale are included in the self-storage operations segment of the Company’s segment information.