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STORAGE FACILITIES (Tables) | 12 Months Ended
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Dec. 31, 2014
STORAGE FACILITIES |
Summary of real estate assets |
|  | December 31, |
|  | 2014 |  | 2013 |
|  | (in thousands) |
Land |  | $ | 545,393 |  | $ | 465,680 |
Buildings and improvements |  | 2,304,653 |  | 1,888,823 |
Equipment |  | 218,731 |  | 158,000 |
Construction in progress |  | 48,421 |  | 41,203 |
Storage facilities |  | 3,117,198 |  | 2,553,706 |
Less accumulated depreciation |  | (492,069 | ) | (398,536 | )
Storage facilities, net |  | $ | 2,625,129 |  | $ | 2,155,170 |
Schedule of acquisitions and dispositions of real estate assets |
Asset/Portfolio |  | Market |  | Transaction Date |  | Number of Facilities |  | Purchase / Sale Price (in thousands) |
2014 Acquisitions: |  |  |  |  |  |  |  |  |
Connecticut Asset |  | Connecticut |  | January 2014 |  | 1 |  | $ | 4,950 |
Florida Asset |  | Miami / Ft. Lauderdale |  | January 2014 |  | 1 |  | 14,000 |
Florida Assets |  | Florida Markets - Other |  | January 2014 |  | 2 |  | 14,450 |
California Asset |  | Other West |  | January 2014 |  | 1 |  | 8,300 |
Maryland Asset |  | Baltimore / DC |  | February 2014 |  | 1 |  | 15,800 |
Maryland Asset |  | Baltimore / DC |  | February 2014 |  | 1 |  | 15,500 |
Arizona Asset |  | Arizona / Las Vegas |  | March 2014 |  | 1 |  | 14,750 |
Pennsylvania Asset |  | Philadelphia / Southern NJ |  | March 2014 |  | 1 |  | 7,350 |
Texas Asset |  | Texas Markets - Major |  | March 2014 |  | 1 |  | 8,225 |
Texas Asset |  | Texas Markets - Major |  | April 2014 |  | 1 |  | 6,450 |
New York Assets |  | New York / Northern NJ |  | April 2014 |  | 2 |  | 55,000 |
Florida Asset |  | Florida Markets - Other |  | April 2014 |  | 1 |  | 11,406 |
Massachusetts Asset |  | Other Northeast |  | April 2014 |  | 1 |  | 11,100 |
Indiana Asset |  | Other Midwest |  | May 2014 |  | 1 |  | 8,400 |
Florida Assets |  | Florida Markets - Other |  | June 2014 |  | 3 |  | 35,000 |
Florida Assets |  | Florida Markets - Other |  | July 2014 |  | 2 |  | 15,800 |
Massachusetts Asset |  | Boston |  | September 2014 |  | 1 |  | 23,100 |
Texas Asset |  | Texas Markets - Major |  | October 2014 |  | 1 |  | 7,700 |
Texas Asset |  | Texas Markets - Major |  | October 2014 |  | 1 |  | 8,500 |
Texas Asset |  | Texas Markets - Major |  | October 2014 |  | 1 |  | 7,750 |
HSRE Assets |  | Various (see note 4) |  | November 2014 |  | 22 |  | 195,500 |
Texas Asset |  | Texas Markets - Major |  | December 2014 |  | 1 |  | 18,650 |
Florida Assets |  | Florida Markets - Other |  | December 2014 |  | 3 |  | 18,200 |
New York Asset |  | New York / Northern NJ |  | December 2014 |  | 1 |  | 38,000 |
Texas Asset |  | Texas Markets - Major |  | December 2014 |  | 1 |  | 4,345 |
|  |  |  |  |  | 53 |  | $ | 568,226 |
2013 Acquisitions: |  |  |  |  |  |  |  |  |
Arizona Asset |  | Arizona / Las Vegas |  | March 2013 |  | 1 |  | $ | 6,900 |
Illinois Asset |  | Chicago |  | May 2013 |  | 1 |  | 8,300 |
Florida Asset |  | Florida Markets - Other |  | May 2013 |  | 1 |  | 7,150 |
Florida Asset |  | Miami / Ft. Lauderdale |  | June 2013 |  | 1 |  | 9,000 |
Massachusetts Asset |  | Boston |  | June 2013 |  | 1 |  | 10,600 |
Maryland / New Jersey Assets |  | Baltimore / DC and New York / Northern NJ |  | June 2013 |  | 5 |  | 52,400 |
New York Asset |  | New York / Northern NJ |  | July 2013 |  | 1 |  | 13,000 |
Texas Asset |  | Texas Markets - Major |  | August 2013 |  | 1 |  | 10,975 |
Arizona Asset |  | Arizona / Las Vegas |  | September 2013 |  | 1 |  | 10,500 |
Arizona Asset |  | Arizona / Las Vegas |  | September 2013 |  | 1 |  | 4,300 |
Maryland Asset |  | Baltimore / DC |  | November 2013 |  | 1 |  | 15,375 |
Texas Asset |  | Texas Markets - Major |  | November 2013 |  | 1 |  | 9,700 |
Texas Asset |  | Texas Markets - Major |  | December 2013 |  | 1 |  | 10,497 |
Texas Asset |  | Texas Markets - Major |  | December 2013 |  | 1 |  | 6,925 |
Maryland Asset |  | Baltimore / DC |  | December 2013 |  | 1 |  | 8,200 |
Florida Asset |  | Miami / Ft. Lauderdale |  | December 2013 |  | 1 |  | 6,000 |
|  |  |  |  |  | 20 |  | $ | 189,822 |
Asset/Portfolio |  | Market |  | Transaction Date |  | Number of Facilities |  | Purchase / Sale Price (in thousands) |
2013 Dispositions: |  |  |  |  |  |  |  |  |
Texas/Indiana Assets |  | Texas Markets - Major and Other Midwest |  | March 2013 |  | 5 |  | $ | 11,400 |
Tennessee Assets |  | Tennessee |  | August 2013 |  | 8 |  | 25,000 |
California/Ohio/Tennessee/Texas/ Wisconsin Assets |  | Inland Empire, Ohio, Other Midwest, Tennessee and Texas Markets - Major |  | October/November 2013 |  | 22 |  | 90,000 |
|  |  |  |  |  | 35 |  | $ | 126,400 |
2012 Acquisitions: |  |  |  |  |  |  |  |  |
Texas Asset |  | Texas Markets - Major |  | February 2012 |  | 1 |  | $ | 5,100 |
Georgia Asset |  | Atlanta |  | February 2012 |  | 1 |  | 6,900 |
Texas Asset |  | Texas Markets - Major |  | June 2012 |  | 1 |  | 4,970 |
Texas Assets |  | Texas Markets - Major |  | July 2012 |  | 4 |  | 18,150 |
Texas Asset |  | Texas Markets - Major |  | July 2012 |  | 1 |  | 5,130 |
Connecticut Asset |  | Connecticut |  | July 2012 |  | 1 |  | 5,000 |
Storage Deluxe Assets |  | New York / Northern NJ and Connecticut |  | February/April/August 2012 |  | 6 |  | 201,910 |
Virginia Asset |  | Baltimore / DC |  | August 2012 |  | 1 |  | 19,750 |
New Jersey Assets |  | Philadelphia / Southern NJ |  | August 2012 |  | 2 |  | 10,750 |
Georgia/Florida Assets |  | Atlanta and Miami / Ft. Lauderdale |  | August 2012 |  | 3 |  | 13,370 |
Georgia Asset |  | Atlanta |  | August 2012 |  | 1 |  | 3,100 |
HSREV Assets |  | Various (see note 4) |  | September 2012 |  | 9 |  | 102,000 |
Colorado Asset |  | Colorado / Utah |  | September 2012 |  | 1 |  | 10,600 |
Florida Assets |  | Florida Markets - Other |  | November 2012 |  | 2 |  | 13,010 |
Pennsylvania/New Jersey Assets |  | Philadelphia / Southern NJ |  | December 2012 |  | 2 |  | 7,800 |
Texas Asset |  | Texas Markets - Major |  | December 2012 |  | 1 |  | 4,800 |
|  |  |  |  |  | 37 |  | $ | 432,340 |
2012 Dispositions: |  |  |  |  |  |  |  |  |
Michigan Assets |  | Other Midwest |  | June 2012 |  | 3 |  | $ | 6,362 |
Alabama/Louisiana/Mississippi Assets |  | Other Southeast |  | June 2012 |  | 5 |  | 16,800 |
New Mexico Assets |  | Other West |  | August 2012 |  | 6 |  | 7,500 |
California Asset |  | Inland Empire |  | August 2012 |  | 1 |  | 5,000 |
Florida/ Tennessee Assets |  | Florida Markets - Other and Tennessee |  | November 2012 |  | 3 |  | 6,550 |
Ohio Assets |  | Ohio |  | November 2012 |  | 8 |  | 17,750 |
|  |  |  |  |  | 26 |  | $ | 59,962 |

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