XML 65 R54.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments in Unconsolidated Real Estate Entities (Details)
$ in Thousands
1 Months Ended
May 31, 2023
USD ($)
Oct. 31, 2019
USD ($)
Jun. 30, 2024
USD ($)
property
Dec. 31, 2023
USD ($)
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     472  
Investment balance     $ 992,022 $ 1,000,548
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     $ 9,209 9,435
HF1 Sovran HHF Storage Holdings LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     37  
Equity Ownership %     20.00%  
Excess Profit %     20.00%  
Investment balance     $ 103,775 105,339
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     $ (8,846) (8,314)
Storage Portfolio IV JV LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     32  
Equity Ownership %     10.00%  
Excess Profit %     30.00%  
Investment balance     $ 47,685 48,184
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     $ (43,060) (42,487)
PR II EXR JV LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     23  
Equity Ownership %     25.00%  
Excess Profit %     25.00%  
Investment balance     $ 106,930 108,160
HF2 Sovran HHF Storage Holdings II LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     22  
Equity Ownership %     15.00%  
Excess Profit %     15.00%  
Investment balance     $ 41,376 41,613
HF5 Life Storage-HIERS Storage LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     17  
Equity Ownership %     20.00%  
Excess Profit %     20.00%  
Investment balance     $ 25,586 26,051
HF6 191 V Life Storage Holdings LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     17  
Equity Ownership %     20.00%  
Excess Profit %     20.00%  
Investment balance     $ 11,566 12,702
HF6 191 V Life Storage Holdings LLC | Minimum        
Schedule of Equity Method Investments [Line Items]        
Excess Profit %     55.00%  
ESS-CA TIVS JV LP        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     16  
Equity Ownership %     55.00%  
Investment balance     $ 28,302 29,128
ESS-CA TIVS JV LP | Maximum        
Schedule of Equity Method Investments [Line Items]        
Excess Profit %     65.00%  
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     $ (17,069) (16,386)
HF10 Life Storage HHF Wasatch Holdings LLC        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     16  
Equity Ownership %     20.00%  
Excess Profit %     20.00%  
Investment balance     $ 19,849 20,019
Other unconsolidated real estate ventures        
Schedule of Equity Method Investments [Line Items]        
Number of Stores | property     131  
Investment balance     $ 316,719 317,104
Other unconsolidated real estate ventures | Minimum        
Schedule of Equity Method Investments [Line Items]        
Equity Ownership %     10.00%  
Other unconsolidated real estate ventures | Maximum        
Schedule of Equity Method Investments [Line Items]        
Equity Ownership %     50.00%  
SmartStop Self Storage REIT, Inc. Preferred Stock        
Schedule of Equity Method Investments [Line Items]        
Investment balance   $ 200,000 $ 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    
Strategic Storage Trust VI, Inc. Preferred Stock        
Schedule of Equity Method Investments [Line Items]        
Investment balance     $ 150,000 $ 150,000
Investment in shares $ 150,000      
Dividend rate, percentage 8.35%      
Dividend rate increase, threshold 5 years      
Redemption period 3 years