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SELF STORAGE PROPERTIES
 3 Months Ended
Mar. 31, 2021
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
March 31, 2021December 31, 2020
Land$765,453 $738,863 
Buildings and improvements3,033,932 2,892,490 
Furniture and equipment8,236 7,839 
Total self storage properties3,807,621 3,639,192 
Less accumulated depreciation(473,019)(443,623)
Self storage properties, net$3,334,602 $3,195,569 
Depreciation expense related to self storage properties amounted to $29.4 million and $25.7 million during the three months ended March 31, 2021 and 2020, respectively