Investment in Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2015

Equity Method Investments and Joint Ventures [Abstract]

Summary of Unconsolidated Joint Ventures' Financial Statements

A summary of the unconsolidated joint ventures’ financial statements as of and for the six months ended June 30, 2015 is as follows:

(dollars in thousands)	Sovran HHF Storage Holdings LLC			Sovran HHF Storage Holdings II LLC			Iskalo Office Holdings, LLC
Balance Sheet Data:
Investment in storage facilities, net	$	338,682		$	183,575		$	—
Investment in office building		—			—			4,919
Other assets		7,175			4,862			3,238
Total Assets	$	345,857		$	188,437		$	8,157
Due to the Company	$	426		$	391		$	—
Mortgages payable		124,149			102,509			9,137
Other liabilities		4,416			2,360			333
Total Liabilities		128,991			105,260			9,470
Unaffiliated partners’ equity (deficiency)		173,493			70,707			(745	)
Company equity (deficiency)		43,373			12,470			(568	)
Total Partners’ Equity (Deficiency)		216,866			83,177			(1,313	)
Total Liabilities and Partners’ Equity (Deficiency)	$	345,857		$	188,437		$	8,157
Income Statement Data:
Total revenues	$	19,374		$	14,657		$	763
Property operating expenses		(6,398	)		(5,107	)		(293	)
Administrative, management and call center fees		(1,437	)		(1,086	)		—
Depreciation and amortization of customer list		(4,320	)		(2,099	)		(114	)
Income tax expense		(88	)		(18	)		—
Interest expense		(2,927	)		(2,652	)		(144	)
Net income	$	4,204		$	3,695		$	212