CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Storage properties	$ 4,802,024	$ 4,699,844
Less: Accumulated depreciation	(972,536)	(925,359)
Storage properties, net (including VIE assets of $111,945 and $92,612, respectively)	3,829,488	3,774,485
Cash and cash equivalents	3,457	54,857
Restricted cash	2,935	3,584
Loan procurement costs, net of amortization	3,609	4,059
Investment in real estate ventures, at equity	93,697	91,117
Other assets, net	91,154	101,443
Total assets	4,024,340	4,029,545
LIABILITIES AND EQUITY
Unsecured senior notes, net	1,836,721	1,835,725
Revolving credit facility	15,400
Mortgage loans and notes payable, net	94,488	96,040
Accounts payable, accrued expenses and other liabilities	165,635	137,880
Distributions payable	64,703	64,688
Deferred revenue	26,787	25,313
Security deposits	482	475
Total liabilities	2,204,216	2,160,121
Noncontrolling interests in the Operating Partnership	51,407	62,088
Commitments and contingencies
Equity
Common shares $.01 par value, 400,000,000 shares authorized, 193,728,951 and 193,557,024 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	1,937	1,936
Additional paid-in capital	2,680,468	2,674,745
Accumulated other comprehensive loss	(689)	(729)
Accumulated deficit	(920,964)	(876,606)
Total CubeSmart shareholders' equity	1,760,752	1,799,346
Noncontrolling interests in subsidiaries	7,965	7,990
Total equity	1,768,717	1,807,336
Total liabilities and equity	$ 4,024,340	$ 4,029,545