CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Storage properties	$ 4,814,261	$ 4,699,844
Less: Accumulated depreciation	(980,312)	(925,359)
Storage properties, net (including VIE assets of $86,409 and $92,612, respectively)	3,833,949	3,774,485
Cash and cash equivalents	3,903	54,857
Restricted cash	2,815	3,584
Loan procurement costs, net of amortization	3,382	4,059
Investment in real estate ventures, at equity	92,249	91,117
Other assets, net	92,272	101,443
Total assets	4,028,570	4,029,545
LIABILITIES AND EQUITY
Unsecured senior notes, net	1,837,219	1,835,725
Revolving credit facility	37,300
Mortgage loans and notes payable, net	93,707	96,040
Accounts payable, accrued expenses and other liabilities	153,568	137,880
Distributions payable	64,711	64,688
Deferred revenue	27,595	25,313
Security deposits	491	475
Total liabilities	2,214,591	2,160,121
Noncontrolling interests in the Operating Partnership	69,573	62,088
Commitments and contingencies
Equity
Common shares $.01 par value, 400,000,000 shares authorized, 193,748,023 and 193,557,024 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	1,937	1,936
Additional paid-in capital	2,682,671	2,674,745
Accumulated other comprehensive loss	(669)	(729)
Accumulated deficit	(947,477)	(876,606)
Total CubeSmart shareholders' equity	1,736,462	1,799,346
Noncontrolling interests in subsidiaries	7,944	7,990
Total equity	1,744,406	1,807,336
Total liabilities and equity	$ 4,028,570	$ 4,029,545