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SELF STORAGE PROPERTIES
 9 Months Ended
Sep. 30, 2024
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
September 30, 2024December 31, 2023
Land$1,038,183 $1,035,562 
Buildings and improvements4,772,797 4,746,105 
Furniture and equipment10,384 10,507 
Total self storage properties5,821,364 5,792,174 
Less accumulated depreciation(1,006,543)(874,359)
Self storage properties, net$4,814,821 $4,917,815 
Depreciation expense related to self storage properties amounted to $45.4 million and $53.2 million during the three months ended September 30, 2024 and 2023, respectively and $136.2 million and $158.3 million during the nine months ended September 30, 2024 and 2023, respectively.