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INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Tables)

3 Months Ended

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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