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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income $ 25,206 $ 15,855
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 38,825 39,961
Equity in losses of real estate ventures 772 512
Equity compensation expense 1,355 1,191
Accretion of fair market value adjustment of debt (129) (236)
Changes in other operating accounts:    
Restricted cash (159) (233)
Other assets (1,431) 808
Accounts payable and accrued expenses 2,595 5,013
Other liabilities 909 661
Net cash provided by operating activities 67,943 63,532
Investing Activities    
Acquisitions of storage facilities (600) (158,457)
Additions and improvements to storage facilities (6,866) (6,609)
Development costs (14,366) (28,273)
Investment in real estate ventures, at equity (116) (5,498)
Cash distributed from real estate ventures 2,090 1,791
Change in restricted cash 6 162
Net cash used in investing activities (19,852) (196,884)
Proceeds from:    
Revolving credit facility 147,000 301,300
Principal payments on:    
Revolving credit facility (137,300) (247,000)
Mortgage loans and notes payable (6,811) (9,556)
Proceeds from issuance of common shares, net (72) 62,891
Cash paid upon vesting of restricted shares (2,001) (1,599)
Exercise of stock options 30 5,887
Contributions from noncontrolling interests in subsidiaries 410  
Distributions paid to common shareholders (48,690) (36,730)
Distributions paid to preferred shareholders   (1,502)
Distributions paid to noncontrolling interests in Operating Partnership (549) (454)
Net cash (used in) provided by financing activities (47,983) 73,237
Change in cash and cash equivalents 108 (60,115)
Cash and cash equivalents at beginning of period 2,973 62,869
Cash and cash equivalents at end of period 3,081 2,754
Supplemental Cash Flow and Noncash Information    
Cash paid for interest, net of interest capitalized 15,878 10,756
Supplemental disclosure of noncash activities:    
Restricted cash - acquisition of storage facilities   (22,019)
Accretion of liability 8,034 7,886
Derivative valuation adjustment $ 836 $ (328)