XML 57 R31.htm IDEA: XBRL DOCUMENT v2.4.1.9

STORAGE FACILITIES (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of real estate assets included in the discussion of the nature of the entity's operations.

+ References

No definition available.

+ Details

Name:	cube_ScheduleOfRealEstateInvestmentPropertyTableTextBlock
Namespace Prefix:	cube_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all information related to any significant acquisition and disposal. Disclosure may include methodology and assumptions, type of asset, asset classification, useful life, useful purpose, acquisition cost, method of acquisition or disposal, depreciation method, gain (loss) on disposal pretax and net of tax, date of acquisition or disposal and restrictions on amount of proceeds from donated assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentScheduleOfSignificantAcquisitionsAndDisposalsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_RealEstateAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration