SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Dec. 31, 2019

Asset Acquisitions And Dispositions [Abstract]

Schedule of investments in self storage property acquisitions

The following table summarizes, by calendar quarter, the investments in self storage property acquisitions completed by the Company during the years ended December 31, 2019 and 2018 (dollars in thousands):


Acquisitions closed during the Three Months Ended:			Summary of Investment
		Number of Properties			Cash and Acquisition Costs			Value of OP Equity⁽¹⁾			Liabilities Assumed							Total
														Mortgages⁽²⁾			Other
March 31, 2019	32		$	160,531		$	33,356		$	—		$	674		$	194,561
June 30, 2019	24		168,442			15,515			—			1,378			185,335
September 30, 2019	6		34,624			950			—			197			35,771
December 31, 2019	7		30,004			2,005			—			154			32,163
Total	69		$	393,601		$	51,826		$	—		$	2,403		$	447,830

March 31, 2018	25		$	105,135		$	22,403		$	7,581		$	670		$	135,789
June 30, 2018	12		62,470			—			—			467			62,937
September 30, 2018	13		102,012			3,660			—			856			106,528
December 31, 2018	7		49,221			2,000			—			174			51,395
Total	57		$	318,838		$	28,063		$	7,581		$	2,167		$	356,649

⁽¹⁾^{Value of OP equity represents the fair value of Series A-1 preferred units, OP units, subordinated performance units, and LTIP units.}

⁽²⁾^{Includes fair value of debt adjustment for assumed mortgages of approximately $0.2 million during the year ended December 31, 2018.}