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SELF STORAGE PROPERTIES
 3 Months Ended
Mar. 31, 2023
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
March 31, 2023December 31, 2022
Land$1,145,627 $1,111,326 
Buildings and improvements5,399,887 5,269,383 
Furniture and equipment11,089 10,863 
Total self storage properties6,556,603 6,391,572 
Less accumulated depreciation(824,647)(772,661)
Self storage properties, net$5,731,956 $5,618,911 
Depreciation expense related to self storage properties amounted to $52.1 million and $46.7 million during the three months ended March 31, 2023 and 2022, respectively.