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INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Details) $ in Thousands |  |  |  |  |  |  |  |  | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Dec. 15, 2016 USD ($) facility | Jun. 15, 2016 USD ($) facility | Apr. 21, 2016 USD ($) facility | Mar. 30, 2016 USD ($) facility | Jan. 26, 2016 USD ($) facility | Dec. 08, 2015 USD ($) facility | May 01, 2014 USD ($) property | Dec. 10, 2013 USD ($) property | Mar. 31, 2017 USD ($) | Mar. 31, 2016 USD ($) facility | Dec. 31, 2015 USD ($) facility | Sep. 30, 2016 USD ($) facility | Dec. 31, 2016 USD ($)
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in real estate entities |  |  |  |  |  |  |  |  | $ 95,936 |  |  |  | $ 98,682
Acquisitions of storage facilities |  |  |  |  |  |  |  |  | 600 | $ 158,457 |  |  |
Summary of results of operations of the real estate venture |  |  |  |  |  |  |  |  |  |  |  |  |
Company’s share of net income (loss) |  |  |  |  |  |  |  |  | (772) | (512) |  |  |
HVP and HHF |  |  |  |  |  |  |  |  |  |  |  |  |
Summary of results of operations of the real estate venture |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  |  |  |  |  |  |  |  | 19,423 | 12,324 |  |  |
Operating expenses |  |  |  |  |  |  |  |  | 9,083 | 6,441 |  |  |
Interest expense, net |  |  |  |  |  |  |  |  | 2,900 | 1,856 |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  | 13,719 | 9,750 |  |  |
Net income (loss) |  |  |  |  |  |  |  |  | (6,279) | (5,723) |  |  |
Company’s share of net income (loss) |  |  |  |  |  |  |  |  | (772) | $ (512) |  |  |
HHFNE | LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as percentage) | 1.90% |  |  |  |  |  |  |  |  |  |  |  |
HVP |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Ownership interest in partnership (as a percent) |  |  |  |  |  |  |  |  |  |  | 10.00% |  |
Number of self-storage facilities acquired | facility |  | 1 | 5 | 30 | 1 | 30 |  |  |  |  |  |  |
Number of self-storage facilities acquired, assumed mortgage debt | facility |  |  |  |  |  |  |  |  |  |  |  | 6 |
Acquisitions of storage facilities |  | $ 7,000 | $ 36,100 | $ 112,800 | $ 5,700 | $ 193,700 |  |  |  |  |  |  |
Number of properties to be acquired under the contract | facility |  |  |  |  |  |  |  |  |  | 31 | 37 |  |
Contract amount to purchase real estate |  |  |  |  |  |  |  |  |  | $ 115,500 | $ 242,500 |  |
Intangible value of the in-place leases |  |  |  |  |  |  |  |  |  |  | $ 18,900 |  |
Assumed mortgage debt, at fair value |  |  |  |  |  |  |  |  |  |  |  | $ 25,300 |
Outstanding principal balance of mortgage debt assumed on acquisitions |  |  |  |  |  |  |  |  |  |  |  | 23,700 |
Premium on debt assumed on acquisitions |  |  |  |  |  |  |  |  |  |  |  | $ 1,600 |
HVP | Affiliated Real Estate Investment Transactions |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of properties to be acquired under the contract | facility |  |  |  |  |  |  |  |  |  | 4 |  |  |
Michigan | HVP |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of properties to be acquired under the contract | facility |  |  |  |  |  |  |  |  |  |  | 17 |  |
Connecticut | HHFNE |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility | 3 |  |  |  |  |  |  |  |  |  |  |  |
Massachusetts | HHFNE |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility | 6 |  |  |  |  |  |  |  |  |  |  |  |
Massachusetts | HVP |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of properties to be acquired under the contract | facility |  |  |  |  |  |  |  |  |  |  | 7 |  |
Rhode Island | HHFNE |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility | 2 |  |  |  |  |  |  |  |  |  |  |  |
Vermont | HHFNE |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility | 2 |  |  |  |  |  |  |  |  |  |  |  |
Florida | HVP |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of properties to be acquired under the contract | facility |  |  |  |  |  |  |  |  |  |  | 3 |  |
South Carolina | HVP |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of properties to be acquired under the contract | facility |  |  |  |  |  |  |  |  |  | 22 |  |  |
Georgia | HVP |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of properties to be acquired under the contract | facility |  |  |  |  |  |  |  |  |  | 5 |  |  |
HVP and HHF |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |
Storage facilities, net |  |  |  |  |  |  |  |  | 660,680 |  |  |  | 667,975
Other assets |  |  |  |  |  |  |  |  | 12,459 |  |  |  | 17,003
Total Assets |  |  |  |  |  |  |  |  | 673,139 |  |  |  | 684,978
Liabilities and equity |  |  |  |  |  |  |  |  |  |  |  |  |
Other liabilities |  |  |  |  |  |  |  |  | 7,169 |  |  |  | 6,516
Debt |  |  |  |  |  |  |  |  | 345,852 |  |  |  | 345,631
Equity |  |  |  |  |  |  |  |  |  |  |  |  |
CubeSmart |  |  |  |  |  |  |  |  | 95,936 |  |  |  | 98,682
Joint venture partner |  |  |  |  |  |  |  |  | 224,182 |  |  |  | 234,149
Total liabilities and equity |  |  |  |  |  |  |  |  | 673,139 |  |  |  | $ 684,978
HHFNE |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Ownership interest in partnership (as a percent) | 10.00% |  |  |  |  |  |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility | 13 |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions of storage facilities | $ 87,500 |  |  |  |  |  |  |  |  |  |  |  |
Intangible value of the in-place leases | 6,000 |  |  |  |  |  |  |  |  |  |  |  |
Investment in joint venture | 3,800 |  |  |  |  |  |  |  |  |  |  |  |
Initial advance | $ 44,500 |  |  |  |  |  |  |  |  |  |  |  |
HVP |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in real estate entities |  |  |  |  |  |  |  |  | $ 16,100 |  |  |  |
Investment in joint venture |  |  |  | 5,400 |  |  |  |  |  |  | $ 10,700 |  |
Initial advance |  |  |  | 63,500 |  |  |  |  |  |  | 116,000 |  |
Venture's loan |  |  |  |  |  |  |  |  |  |  | $ 122,000 |  |
HVP | Maximum |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Venture's loan |  |  |  | $ 185,500 |  |  |  |  |  |  |  |  |
HVP | LIBOR |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate (as percentage) |  |  |  | 2.00% |  |  |  |  |  |  | 2.00% |  |
HVP | Tennessee |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of properties to be acquired under the contract | facility |  |  |  |  |  |  |  |  |  |  | 10 |  |
HHF |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Ownership interest in partnership (as a percent) |  |  |  |  |  |  |  | 50.00% |  |  |  |  |
Number of storage facilities owned by investee | property |  |  |  |  |  |  |  | 35 |  |  |  |  |
Payment made for acquisition of interest in real estate ventures |  |  |  |  |  |  |  | $ 315,700 |  |  |  |  |
Intangible value of the in-place leases |  |  |  |  |  |  |  | $ 12,100 |  |  |  |  |
Proceeds after closing costs distributed proportionately to partners |  |  |  |  |  |  | $ 99,200 |  |  |  |  |  |
HHF | Secured loan 3.59% due April 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of loan obtained |  |  |  |  |  |  | $ 100,000 |  |  |  |  |  |
Interest on real estate venture debt |  |  |  |  |  |  | 3.59% |  |  |  |  |  |
HHF | Texas |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of storage facilities owned by investee | property |  |  |  |  |  |  | 34 | 34 |  |  |  |  |
HHF | North Carolina |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in Unconsolidated Real Estate Venture |  |  |  |  |  |  |  |  |  |  |  |  |
Number of storage facilities owned by investee | property |  |  |  |  |  |  |  | 1 |  |  |  |  |

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- Definition The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
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