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INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Tables) | 3 Months Ended
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Mar. 31, 2017
INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES |
Summary of the financial position of the HHFNE, HVP and HHF ventures |
|  | March 31, |  | December 31, |
|  | 2017 |  | 2016 |
Assets |  |  |  |  |  |  |
Storage properties, 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 partners |  |  | 224,182 |  |  | 234,149 |
Total liabilities and equity |  | $ | 673,139 |  | $ | 684,978 |
Summary of results of operations of the HHFNE, HVP and HHF ventures |
|  | Three Months Ended March 31, |
|  | 2017 |  | 2016 |
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 loss |  | $ | (6,279) |  | $ | (5,723) |
Company’s share of net loss |  | $ | (772) |  | $ | (512) |

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