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CONSOLIDATED BALANCE SHEETS (LP cube) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Storage facilities $ 3,260,426 $ 3,117,198
Less: Accumulated depreciation (549,206) (492,069)
Storage facilities, net (including VIE assets of $75,448 and $49,829, respectively) 2,711,220 2,625,129
Cash and cash equivalents 3,167 2,901
Restricted cash 3,229 3,305
Loan procurement costs, net of amortization 11,778 10,653
Investment in real estate venture, at equity 92,371 95,709
Other assets, net 42,188 48,642
Total assets 2,863,953 2,786,339
LIABILITIES AND CAPITAL    
Unsecured senior notes 500,000 500,000
Revolving credit facility 161,600 78,000
Unsecured term loan 400,000 400,000
Mortgage loans and notes payable 142,292 195,851
Accounts payable, accrued expenses and other liabilities 81,805 69,198
Distributions payable 28,685 28,137
Deferred revenue 17,141 15,311
Security deposits 403 401
Total liabilities 1,331,926 1,286,898
Limited Partnership interests of third parties $ 52,472 $ 49,823
Commitments and contingencies    
Capital    
Accumulated other comprehensive loss $ (8,378) $ (8,759)
Total liabilities and equity 2,863,953 2,786,339
CubeSmart, L.P. and Subsidiaries    
ASSETS    
Storage facilities 3,260,426 3,117,198
Less: Accumulated depreciation (549,206) (492,069)
Storage facilities, net (including VIE assets of $75,448 and $49,829, respectively) 2,711,220 2,625,129
Cash and cash equivalents 3,167 2,901
Restricted cash 3,229 3,305
Loan procurement costs, net of amortization 11,778 10,653
Investment in real estate venture, at equity 92,371 95,709
Other assets, net 42,188 48,642
Total assets 2,863,953 2,786,339
LIABILITIES AND CAPITAL    
Unsecured senior notes 500,000 500,000
Revolving credit facility 161,600 78,000
Unsecured term loan 400,000 400,000
Mortgage loans and notes payable 142,292 195,851
Accounts payable, accrued expenses and other liabilities 81,805 69,198
Distributions payable 28,685 28,137
Deferred revenue 17,141 15,311
Security deposits 403 401
Total liabilities 1,331,926 1,286,898
Limited Partnership interests of third parties 52,472 49,823
Capital    
Operating Partner 1,486,181 1,456,785
Accumulated other comprehensive loss (8,378) (8,759)
Total CubeSmart, L.P. capital 1,477,803 1,448,026
Noncontrolling interests in subsidiaries 1,752 1,592
Total capital 1,479,555 1,449,618
Total liabilities and equity $ 2,863,953 $ 2,786,339