XML 62 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
INVESTMENT ACTIVITY (Details) (USD $)
3 Months Ended 6 Months Ended 3 Months Ended 12 Months Ended 0 Months Ended 3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2013
Mar. 31, 2013
Self-storage facilities
property
Mar. 31, 2012
Self-storage facilities
property
Mar. 31, 2013
Self-storage facilities
2013 Acquisitions
Property in Arizona
property
Mar. 31, 2013
Self-storage facilities
2012 Self-storage facilities acquisitions
Dec. 31, 2012
Self-storage facilities
2012 Self-storage facilities acquisitions
property
Sep. 28, 2012
Self-storage facilities
2012 Self-storage facilities acquisitions
HSRE Venture
property
Mar. 31, 2013
Self-storage facilities
2012 Self-storage facilities acquisitions
HSRE Venture
Mar. 31, 2013
Self-storage facilities
2012 Self-storage facilities acquisitions
Storage Deluxe assets
Dec. 31, 2012
Self-storage facilities
2012 Self-storage facilities acquisitions
Storage Deluxe assets
facility
property
Development                      
Development costs $ 2,655,000 $ 7,400,000                  
Self-storage facilities                      
Amount of Storage Deluxe transaction                     560,000,000
Number of Self Storage Facilities                     22
Number of self-storage facilities acquired (in properties)     1 37 1   22 9     6
Aggregate purchase price of acquisition     6,900,000 432,300,000 6,900,000   128,400,000       201,900,000
Intangible value of the in-place leases         600,000   13,200,000 8,300,000     12,300,000
Estimated life         12 months   12 months 12 months     12 months
Amortization expense         100,000 3,100,000     2,100,000 2,700,000  
Assumed mortgage debt, at fair value             13,900,000       93,100,000
Outstanding principal balance of mortgage debt assumed on acquisitions             13,400,000       88,900,000
Premium on debt assumed on acquisitions             500,000       4,200,000
Acquisition of remaining interest in real estate ventures (as a percent)               50.00%      
Cash paid for acquisition of remaining interest in real estate ventures               21,700,000      
Amount of debt repaid               59,300,000      
Fair value of storage facilities               $ 102,000,000      
Number of properties, assumed mortgage             2