CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Storage facilities	$ 3,861,096	$ 3,467,032
Less: Accumulated depreciation	(652,657)	(594,049)
Storage facilities, net (including VIE assets of $203,341 and $136,274, respectively)	3,208,439	2,872,983
Cash and cash equivalents	3,423	62,869
Restricted cash	9,017	24,600
Loan procurement costs, net of amortization	2,475	2,800
Investment in real estate venture, at equity	99,915	97,281
Other assets, net	39,240	43,631
Total assets	3,362,509	3,104,164
LIABILITIES AND EQUITY
Unsecured senior notes, net	742,402	741,904
Revolving credit facility	150,000
Unsecured term loans, net	398,466	398,183
Mortgage loans and notes payable, net	138,716	111,455
Accounts payable, accrued expenses and other liabilities	96,795	85,034
Distributions payable	39,449	38,685
Deferred revenue	19,868	17,519
Security deposits	402	403
Total liabilities	1,586,098	1,393,183
Noncontrolling interests in the Operating Partnership	68,581	66,128
Commitments and contingencies
Equity
7.75% Series A Preferred shares $.01 par value, 3,220,000 shares authorized, 3,100,000 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	31	31
Common shares $.01 par value, 400,000,000 shares authorized, 178,249,897 and 174,667,870 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	1,782	1,747
Additional paid in capital	2,332,742	2,231,181
Accumulated other comprehensive loss	(4,623)	(4,978)
Accumulated deficit	(627,689)	(584,654)
Total CubeSmart shareholders' equity	1,702,243	1,643,327
Noncontrolling interests in subsidiaries	5,587	1,526
Total equity	1,707,830	1,644,853
Total liabilities and equity	$ 3,362,509	$ 3,104,164