CONSOLIDATED BALANCE SHEETS (LP cube) - 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 CAPITAL
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
Limited Partnership interests of third parties	69,573	62,088
Commitments and contingencies
Capital
Accumulated other comprehensive loss	(669)	(729)
Total liabilities and equity	4,028,570	4,029,545
Cubesmart, L P and Subsidiaries
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 CAPITAL
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
Limited Partnership interests of third parties	69,573	62,088
Commitments and contingencies
Capital
Operating Partner	1,737,131	1,800,075
Accumulated other comprehensive loss	(669)	(729)
Total CubeSmart, L.P. capital	1,736,462	1,799,346
Noncontrolling interests in subsidiaries	7,944	7,990
Total capital	1,744,406	1,807,336
Total liabilities and equity	$ 4,028,570	$ 4,029,545