Net Investments in Properties (Tables)

3 Months Ended

Mar. 31, 2017

Real Estate [Abstract]

Schedule of Real Estate Properties

Real estate, which consists of land and buildings leased to others, at cost, and which are subject to operating leases, is summarized as follows (in thousands):

	March 31, 2017			December 31, 2016
Land	$	540,358		$	563,050
Buildings and improvements	2,109,198			2,182,374
Less: Accumulated depreciation	(293,985		)	(280,657		)
	$	2,355,571		$	2,464,767

Operating real estate, which consists of our wholly owned domestic self-storage operations, at cost, is summarized as follows (in thousands):

	March 31, 2017			December 31, 2016
Land	$	55,645		$	55,645
Buildings and improvements	203,602			203,326
Less: Accumulated depreciation	(20,543		)	(18,876		)
	$	238,704		$	240,095

Disclosure of Long Lived Assets Held-for-sale

Below is a summary of our properties held for sale (in thousands):

	March 31, 2017		December 31, 2016
Real estate, net	$	—	$	14,850
Assets held for sale	$	—	$	14,850