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Investments in Unconsolidated Real Estate Entities (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Investments in Real Estate Entities And Equity in Earnings of Real Estate Entities | The following table sets forth our investments in, and equity in earnings of, the Unconsolidated Real Estate Entities (amounts in thousands):
| Investments in Unconsolidated Real Estate Entities at December 31, |  | Equity in Earnings of Unconsolidated Real Estate for the Year Ended December 31,
| 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2020
PSB | $ | — |  | $ | 515,312 |  | $ | 80,596 |  | $ | 207,722 |  | $ | 64,835
Shurgard | 275,752 |  | 313,451 |  | 26,385 |  | 24,371 |  | 15,662
Total | $ | 275,752 |  | $ | 828,763 |  | $ | 106,981 |  | $ | 232,093 |  | $ | 80,497
The following tables represent summarized financial information for PSB and Shurgard in aggregate derived from their respective reported financial statements prepared under US GAAP before our basis difference adjustments for the years ended December 31, 2022, 2021, and 2020 (amounts in thousands). Due to the complete sale of our equity investment in PSB in July 2022, the summarized financial information for 2022 includes PSB's financial activities through June 30, 2022, which represents the most practical date of such reported information prior to the transaction.
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Revenues |  | $ | 572,192 |  | $ | 790,461 |  | $ | 721,393
Costs of operations |  | 193,868 |  | 263,398 |  | 242,992
Operating income |  | 220,948 |  | 333,624 |  | 290,901
Gain on sale of real estate |  | 128,743 |  | 359,904 |  | 27,234
Net Income |  | 299,226 |  | 639,062 |  | 275,680
| At December 31,
| 2022 |  | 2021
Real estate assets | $ | 1,391,806 |  | $ | 3,437,115
Other assets | 289,420 |  | 481,403
Total assets | $ | 1,681,226 |  | $ | 3,918,518
Debt | $ | 860,977 |  | $ | 943,276
Other liabilities | 224,701 |  | 298,787
Noncontrolling interests | 2,659 |  | 262,243
Shareholders' equity | 592,889 |  | 2,414,212
Total liabilities and equity | $ | 1,681,226 |  | $ | 3,918,518

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