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SELF STORAGE PROPERTIES
 9 Months Ended
Sep. 30, 2020
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
September 30, 2020December 31, 2019
Land$690,581 $649,938 
Buildings and improvements2,683,288 2,435,171 
Furniture and equipment7,549 6,610 
Total self storage properties3,381,418 3,091,719 
Less accumulated depreciation(416,423)(337,822)
Self storage properties, net$2,964,995 $2,753,897 
Depreciation expense related to self storage properties amounted to $26.6 million and $23.8 million during the three months ended September 30, 2020 and 2019, respectively, and $78.6 million and $68.0 million during the nine months ended September 30, 2020 and 2019, respectively.