SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019 (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)		Other Liabilities		Total
March 31, 2020	36	$	214,584	$	7,217	$	972	$	222,773
June 30, 2020	4	30,198		5,842		207		36,247
September 30, 2020	4	20,173		3,427		204		23,804
December 31, 2020	33	237,517		20,747		2,244		260,508
Total	77	$	502,472	$	37,233	$	3,627	$	543,332
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

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