XML 50 R32.htm IDEA: XBRL DOCUMENT v3.24.0.1
SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023 and 2022 (dollars in thousands):
Acquisitions closed during the Three Months Ended:Summary of Investment
Number of PropertiesCash and Acquisition Costs
Value of Equity(1)
Other Liabilities/ (Other Assets)Total
March 31, 202316 $9,920 $150,531 $85 $160,536 
June 30, 2023(2)
— 8,167 5,577 34 13,778 
September 30, 20232 13,666 16,370 78 30,114 
December 31, 20232 16,972 8,062 (12)25,022 
Total
20 $48,725 $180,540 $185 $229,450 
March 31, 202212 $76,027 $16,576 $332 $92,935 
June 30, 20228 99,954 13,938 641 114,533 
September 30, 202223 313,784 6,244 1,761 321,789 
December 31, 20222 7,622 32,141 156 39,919 
Total
45 $497,387 $68,899 $2,890 $569,176 
(1)Value of OP equity represents the fair value of Series A-1 preferred units, Series B Preferred Shares, OP units, subordinated performance units, and LTIP units.
(2)During the three months ended June 30, 2023, the Company acquired two annexes to existing properties.