Subsequent Events	3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	17. SUBSEQUENT EVENTS On April 1, 2021, the Company declared a quarterly dividend of $0.74 per common share. The dividend was paid on April 26, 2021 to shareholders of record on April 14, 2021. The total dividend paid amounted to $56.9 million. On April 1, 2021, Sovran HHF II paid off $69.1 million in existing nonrecourse mortgage debt and entered into $110 million of new nonrecourse mortgage debt which matures in 2029. As a result of the net proceeds from these transactions, the Company received a distribution of $31.6 million from Sovran HHF II on April 1, 2021. During April 2021, the Company issued 377,621 shares of common stock under the Company’s continuous equity offering program at a weighted average issuance price of $88.17 per share, generating net proceeds of $33.0 million. On May 3, 2021, the Company acquired one self-storage facility for an aggregate purchase price of $16.5 million. Subsequent to March 31, 2021, the Company entered into contracts to acquire 11 self-storage facilities for an aggregate purchase price of $159.2 million. The purchases of these facilities are subject to customary conditions to closing, and there is no assurance that these facilities will be acquired.

Subsequent Events

3 Months Ended

Mar. 31, 2021

17. SUBSEQUENT EVENTS

On April 1, 2021, the Company declared a quarterly dividend of $0.74 per common share. The dividend was paid on April 26, 2021 to shareholders of record on April 14, 2021. The total dividend paid amounted to $56.9 million.

On April 1, 2021, Sovran HHF II paid off $69.1 million in existing nonrecourse mortgage debt and entered into $110 million of new nonrecourse mortgage debt which matures in 2029. As a result of the net proceeds from these transactions, the Company received a distribution of $31.6 million from Sovran HHF II on April 1, 2021.

During April 2021, the Company issued 377,621 shares of common stock under the Company’s continuous equity offering program at a weighted average issuance price of $88.17 per share, generating net proceeds of $33.0 million.

On May 3, 2021, the Company acquired one self-storage facility for an aggregate purchase price of $16.5 million.

Subsequent to March 31, 2021, the Company entered into contracts to acquire 11 self-storage facilities for an aggregate purchase price of $159.2 million. The purchases of these facilities are subject to customary conditions to closing, and there is no assurance that these facilities will be acquired.