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SELF STORAGE PROPERTIES
 9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
September 30, 2025December 31, 2024
Land$1,038,820 $1,047,416 
Buildings and improvements4,790,629 4,804,789 
Furniture and equipment12,337 11,929 
Total self storage properties5,841,786 5,864,134 
Less accumulated depreciation(1,175,690)(1,051,638)
Self storage properties, net$4,666,096 $4,812,496 
Depreciation expense related to self storage properties amounted to $44.5 million and $45.4 million during the three months ended September 30, 2025 and 2024, respectively, and $134.7 million and $136.2 million during the nine months ended September 30, 2025 and 2024, respectively.