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MORTGAGE LOANS AND NOTES PAYABLE (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Mortgage loans and Notes payable
Carrying value	$ 139,448
Plus: Unamortized fair value adjustment	2,844	$ 3,484
Total mortgage loans and notes payable	142,292	195,851
Net book value of self-storage facilities	2,711,220	2,625,129
YSI 29
Mortgage loans and Notes payable
Carrying value	$ 12,520	12,635
Effective interest rate (as a percent)	3.69%
YSI 13
Mortgage loans and Notes payable
Carrying value	$ 8,365	8,427
Effective interest rate (as a percent)	3.00%
YSI 20
Mortgage loans and Notes payable
Carrying value		54,091
Effective interest rate (as a percent)	5.97%
YSI 63
Mortgage loans and Notes payable
Carrying value	$ 7,412	7,466
Effective interest rate (as a percent)	2.82%
YSI 59
Mortgage loans and Notes payable
Carrying value	$ 9,117	9,221
Effective interest rate (as a percent)	4.82%
YSI 60
Mortgage loans and Notes payable
Carrying value	$ 3,578	3,610
Effective interest rate (as a percent)	5.04%
YSI 51
Mortgage loans and Notes payable
Carrying value	$ 7,045	7,105
Effective interest rate (as a percent)	5.15%
YSI 64
Mortgage loans and Notes payable
Carrying value	$ 7,851	7,919
Effective interest rate (as a percent)	3.54%
YSI 62
Mortgage loans and Notes payable
Carrying value	$ 7,899	7,962
Effective interest rate (as a percent)	3.54%
YSI 33
Mortgage loans and Notes payable
Carrying value	$ 10,294	10,429
Effective interest rate (as a percent)	6.42%
YSI 26
Mortgage loans and Notes payable
Carrying value	$ 8,694	8,780
Effective interest rate (as a percent)	4.56%
YSI 57
Mortgage loans and Notes payable
Carrying value	$ 3,052	3,082
Effective interest rate (as a percent)	4.61%
YSI 55
Mortgage loans and Notes payable
Carrying value	$ 23,569	23,767
Effective interest rate (as a percent)	4.85%
YSI 24
Mortgage loans and Notes payable
Carrying value	$ 27,531	27,873
Effective interest rate (as a percent)	4.64%
Mortgage Loans
Mortgage loans and Notes payable
Net book value of self-storage facilities	$ 243,000	$ 344,000
YSI 65
Mortgage loans and Notes payable
Carrying value	$ 2,521
Effective interest rate (as a percent)	3.85%

X

- Definition

Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer.

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Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

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The amount of debt discount (net of debt premium) that was originally recognized at the issuance of the instrument that has yet to be amortized.

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