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SELF STORAGE PROPERTIES
 6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
June 30, 2020December 31, 2019
Land$687,330  $649,938  
Buildings and improvements2,659,837  2,435,171  
Furniture and equipment7,287  6,610  
Total self storage properties3,354,454  3,091,719  
Less accumulated depreciation(389,828) (337,822) 
Self storage properties, net$2,964,626  $2,753,897  
Depreciation expense related to self storage properties amounted to $26.3 million and $22.7 million during the three months ended June 30, 2020 and 2019, respectively, and $52.0 million and $44.2 million during the six months ended June 30, 2020 and 2019, respectively.