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Real Estate Assets | 6 Months Ended
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Jun. 30, 2024
Real Estate [Abstract] |
Real Estate Assets | REAL ESTATE ASSETS The components of real estate assets are summarized as follows:
| June 30, 2024 |  | December 31, 2023
Land | $ | 4,903,843 |  |  | $ | 4,904,705 |
Buildings, improvements and other intangibles | 21,803,131 |  |  | 21,664,224 |
Right of use asset - finance lease | 141,861 |  |  | 143,842 |
Intangible assets - tenant relationships | 321,091 |  |  | 321,019 |
Intangible lease rights | 27,743 |  |  | 27,743 |
| 27,197,669 |  |  | 27,061,533 |
Less: accumulated depreciation and amortization | (2,984,371) |  |  | (2,624,405) |
Net operating real estate assets | 24,213,298 |  |  | 24,437,128 |
Real estate under development/redevelopment | 127,519 |  |  | 118,745 |
Real estate assets, net | $ | 24,340,817 |  |  | $ | 24,555,873 |
Real estate assets held for sale included in real estate assets, net | $ | 51,934 |  |  | $ | — |
As of June 30, 2024, the Company had seven stores classified as held for sale. The estimated fair value less selling costs of these assets is less than the carrying value of the assets and, therefore, an estimated loss of $54,659 related to these assets has been recorded in Loss on real estate assets held for sale on the Company's condensed consolidated statements of operations for the three months ended June 30, 2024. Assets held for sale are included in the self-storage operations segment of the Company’s segment information.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 974 -SubTopic 720 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477728/974-720-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/976/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/978/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/970/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/972/tableOfContent Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/974/tableOfContent + Details
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