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SELF STORAGE PROPERTIES
 3 Months Ended
Mar. 31, 2020
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
March 31, 2020December 31, 2019
Land$680,035  $649,938  
Buildings and improvements2,627,812  2,435,171  
Furniture and equipment7,002  6,610  
Total self storage properties3,314,849  3,091,719  
Less accumulated depreciation(363,527) (337,822) 
Self storage properties, net$2,951,322  $2,753,897  
Depreciation expense related to self storage properties amounted to $25.7 million and $21.5 million during the three months ended March 31, 2020 and 2019, respectively