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STORAGE PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2017

STORAGE PROPERTIES

Summary of real estate assets


		December 31,			December 31,
		2017			2016
		(in thousands)
Land		$	711,140		$	649,744
Buildings and improvements			3,086,252			2,928,275
Equipment			182,958			217,867
Construction in progress			181,365			202,294
Storage properties			4,161,715			3,998,180
Less: Accumulated depreciation			(752,925)			(671,364)
Storage properties, net		$	3,408,790		$	3,326,816

Schedule of acquisitions and dispositions of real estate assets


						Number of		Purchase / Sale Price
Asset/Portfolio		Market		Transaction Date		Stores		(in thousands)

2017 Acquisitions:

Illinois Asset		Chicago		April 2017		1		$	11,200
Maryland Asset		Baltimore / DC		May 2017		1			18,200
California Asset		Sacramento		May 2017		1			3,650
Texas Asset		Texas Markets - Major		October 2017		1			4,050
Florida Asset		Florida Markets - Other		October 2017		1			14,500
Illinois Asset		Chicago		November 2017		1			11,300
Florida Asset		Florida Markets - Other		December 2017		1			17,750
						7		$	80,650

2016 Acquisitions:

Metro DC Asset		Baltimore / DC		January 2016		1		$	21,000
Texas Assets		Texas Markets - Major		January 2016		2			24,800
New York Asset		New York / Northern NJ		January 2016		1			48,500
Texas Asset		Texas Markets - Major		January 2016		1			11,600
Connecticut Asset		Connecticut		February 2016		1			19,000
Texas Asset		Texas Markets - Major		March 2016		1			11,600
Florida Assets		Florida Markets - Other		March 2016		3			47,925
Colorado Asset		Denver		April 2016		1			11,350
Texas Asset		Texas Markets - Major		April 2016		1			11,600
Texas Asset		Texas Markets - Major		May 2016		1			10,100
Texas Asset		Texas Markets - Major		May 2016		1			10,800
Illinois Asset		Chicago		May 2016		1			12,350
Illinois Asset		Chicago		May 2016		1			16,000
Massachusetts Asset		Massachusetts		June 2016		1			14,300
Nevada Assets		Las Vegas		July 2016		2			23,200
Arizona Asset		Phoenix		August 2016		1			14,525
Minnesota Asset		Minneapolis		August 2016		1			15,150
Colorado Asset		Denver		August 2016		1			15,600
Texas Asset		Texas Markets - Major		September 2016		1			6,100
Texas Asset		Texas Markets - Major		September 2016		1			5,300
Nevada Asset		Las Vegas		October 2016		1			13,250
North Carolina Asset		Charlotte		November 2016		1			10,600
Arizona Asset		Phoenix		November 2016		1			14,000
Nevada Asset		Las Vegas		December 2016		1			14,900
						28		$	403,550

2015 Acquisitions:

Texas Asset		Texas Markets - Major		February 2015		1		$	7,295
HSRE Assets		Chicago		March 2015		4			27,500
Arizona Asset		Arizona / Las Vegas		March 2015		1			7,900
Tennessee Asset		Tennessee		March 2015		1			6,575
Texas Asset		Texas Markets - Major		April 2015		1			15,795
Florida Asset		Florida Markets - Other		May 2015		1			7,300
Arizona Asset		Arizona / Las Vegas		June 2015		1			10,100
Florida Asset		Florida Markets - Other		June 2015		1			10,500
Texas Asset		Texas Markets - Major		July 2015		1			14,200
Maryland Asset		Baltimore / DC		July 2015		1			17,000
Maryland Asset		Baltimore / DC		July 2015		1			19,200
New York/New Jersey Assets		New York / Northern NJ		August 2015		2			24,823
New Jersey Asset		New York / Northern NJ		December 2015		1			14,350
PSI Assets		Various (see note 4)		December 2015		12			109,824
						29		$	292,362

2015 Dispositions:

Texas Assets		Texas Markets - Major		October 2015		7		$	28,000
Florida Asset		Florida Markets - Other		October 2015		1			9,800
						8		$	37,800