Commitment And Contingencies

3 Months Ended

Mar. 31, 2012

Commitment And Contingencies [Abstract]

Commitment And Contingencies

14. COMMITMENT AND CONTINGENCIES

At March 31, 2012, the Company was under contract with a seller to acquire 3 self-storage facilities for approximately $36.1 million. The purchase of these facilities by the Company is subject to customary conditions to closing, and there is no assurance that these facilities will be acquired.

The Company conducts environmental investigations in connection with property acquisitions. At this time, the Company is not aware of any environmental contamination of any of its facilities that individually or in the aggregate would be material to the Company's overall business, financial condition, or results of operations.