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SELF STORAGE PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [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, 2024 and 2023 (dollars in thousands):
Acquisitions closed during the Three Months Ended:
Summary of Investment(1)
Number of PropertiesCash and Acquisition Costs
Value of Equity(2)
Other Liabilities/ (Other Assets)Total
March 31, 2024— $— $— $— $— 
June 30, 20243 25,063 — 174 25,237 
September 30, 2024— — — — — 
December 31, 20244 39,514 — 122 39,636 
Total
7 $64,577 $— $296 $64,873 
March 31, 202316 $9,920 $150,531 $85 $160,536 
June 30, 2023— 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 
(1)Investment amounts include investments classified as annexes to existing properties.
(2)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.