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STORAGE FACILITIES | 12 Months Ended
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Dec. 31, 2014
STORAGE FACILITIES |
STORAGE FACILITIES | 3. STORAGE FACILITIES The book value of the Company’s real estate assets is summarized as follows:
|  | 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 |
The following table summarizes the Company’s acquisition and disposition activity for the years ended December 31, 2014, 2013 and 2012:
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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- 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/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 28 -Article 12 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule III -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 10 -Subparagraph 4 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 11 -Article 9 + Details
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