SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)

12 Months Ended

Dec. 31, 2022

Business Combination and Asset Acquisition [Abstract]

Summary of 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, 2022 and 2021 (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, 2022	12	$	76,027	$	16,576	$	332	$	92,935
June 30, 2022	8	99,954		13,938		641		114,533
September 30, 2022	23	313,784		6,244		1,761		321,789
December 31, 2022	2	7,622		32,141		156		39,919
Total	45	$	497,387	$	68,899	$	2,890	$	569,176
March 31, 2021	23	$	141,928	$	22,897	$	1,138	$	165,963
June 30, 2021	20	243,580		24,102		1,711		269,393
September 30, 2021	76	562,105		31,074		6,098		599,277
December 31, 2021	110	1,018,082		117,026		5,285		1,140,393
Total	229	$	1,965,695	$	195,099	$	14,232	$	2,175,026

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