Real Estate Facilities

6 Months Ended

Jun. 30, 2020

3.Real Estate Facilities

Activity in real estate facilities during the six months ended June 30, 2020 is as follows:



	For the Six Months Ended
	June 30, 2020
	(Amounts in thousands)
Operating facilities, at cost:
Beginning balance	$	16,289,146
Capital expenditures to maintain real estate facilities		95,629
Acquisitions		243,378
Dispositions		(282)
Developed or expanded facilities opened for operation		69,975
Ending balance		16,697,846
Accumulated depreciation:
Beginning balance		(6,623,475)
Depreciation expense		(257,883)
Ending balance		(6,881,358)
Construction in process:
Beginning balance		141,934
Costs incurred to develop and expand real estate facilities		84,649
Write-off of cancelled projects		(3,226)
Developed or expanded facilities opened for operation		(69,975)
Ending balance		153,382
Total real estate facilities at June 30, 2020	$	9,969,870

During the six months ended June 30, 2020, we acquired 15 self-storage facilities (1,167,000 net rentable square feet of storage space), for a total cost of $253.3 million in cash. Approximately $10.0 million of the total cost was allocated to intangible assets. We completed development and redevelopment activities costing $70.0 million during the six months ended June 30, 2020, adding 0.5 million net rentable square feet of self-storage space. Included in general and administrative expense in the three and six months ended June 30, 2020 is $3.2 million in development projects which were cancelled. Construction in process at June 30, 2020 consists of projects to develop new self-storage facilities and expand existing self-storage facilities.

During the six months ended June 30, 2020, our accrual for unpaid construction costs decreased $4.0 million (a $16.6 million decrease for the same period in 2019). During the six months ended June 30, 2020, our accrual for capital expenditures to maintain real estate facilities decreased $4.3 million (a $1.5 million increase for the same period in 2019).