Subsequent Events

6 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

Subsequent Events

17. SUBSEQUENT EVENTS

On July 5, 2018, the Company declared a quarterly dividend of $1.00 per common share. The dividend was paid on July 26, 2018 to shareholders of record on July 16, 2018. The total dividend paid amounted to $46.6 million.

Subsequent to June 30, 2018, the Company entered into contracts to acquire three self-storage facilities for an aggregate purchase price of $27.6 million.  The purchases of these facilities are subject to customary conditions to closing, and there is no assurance that these facilities will be acquired.