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STORAGE PROPERTIES (Tables) | 6 Months Ended
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Jun. 30, 2021
STORAGE PROPERTIES |
Summary of real estate assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31, | ​
​ |  | 2021 |  | 2020 | ​
​ | ​ | (in thousands) | ​
Land | ​ | $ | 1,113,737 | ​ | $ | 1,093,503 | ​
Buildings and improvements | ​ |  | 4,197,607 | ​ |  | 4,122,995 | ​
Equipment | ​ |  | 123,199 | ​ |  | 123,044 | ​
Construction in progress | ​ |  | 60,419 | ​ |  | 108,316 | ​
Right-of-use assets - finance leases | ​ | ​ | 41,414 | ​ | ​ | 41,896 | ​
Storage properties | ​ |  | 5,536,376 | ​ |  | 5,489,754 | ​
Less: Accumulated depreciation | ​ |  | (1,026,337) | ​ |  | (983,940) | ​
Storage properties, net | ​ | $ | 4,510,039 | ​ | $ | 4,505,814 | ​
Schedule of acquisitions and dispositions of real estate assets | The following table summarizes the Company’s acquisition and disposition activity during the period beginning on January 1, 2020 through June 30, 2021. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Number of |  | Purchase / Sale Price |
Asset/Portfolio | ​ | Metropolitan Statistical Area | ​ | Transaction Date | ​ | Stores | ​ | (in thousands) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2021 Acquisitions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Minnesota Asset (1) | ​ | Minneapolis-St. Paul-Bloomington, MN-WI | ​ | April 2021 | ​ | 1 | ​ | $ | 12,000 | ​
Maryland Asset | ​ | Baltimore-Towson, MD | ​ | June 2021 | ​ | 1 | ​ | ​ | 22,075 | ​
​ | ​ | ​ | ​ | ​ | ​ | 2 | ​ | $ | 34,075 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2020 Acquisitions: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Texas Asset | ​ | San Antonio, TX | ​ | February 2020 | ​ | 1 | ​ | $ | 9,025 | ​
Maryland Asset | ​ | Baltimore-Towson, MD | ​ | April 2020 | ​ | 1 | ​ | ​ | 17,200 | ​
New Jersey Asset | ​ | New York-Northern New Jersey-Long Island, NY-NJ-PA | ​ | April 2020 | ​ | 1 | ​ | ​ | 48,450 | ​
Florida Asset | ​ | Palm Bay-Melbourne-Titusville, FL | ​ | November 2020 | ​ | 1 | ​ | ​ | 3,900 | ​
Texas Asset | ​ | Austin-Round Rock, TX | ​ | November 2020 | ​ | 1 | ​ | ​ | 10,750 | ​
Texas Asset | ​ | Dallas-Fort Worth-Arlington, TX | ​ | November 2020 | ​ | 1 | ​ | ​ | 10,150 | ​
Nevada Asset | ​ | Las Vegas-Paradise, NV | ​ | December 2020 | ​ | 1 | ​ | ​ | 16,800 | ​
New York Asset | ​ | New York-Northern New Jersey-Long Island, NY-NJ-PA | ​ | December 2020 | ​ | 1 | ​ | ​ | 6,750 | ​
Florida Asset | ​ | Tampa-St. Petersburg-Clearwater, FL | ​ | December 2020 | ​ | 1 | ​ | ​ | 10,000 | ​
Virginia Asset | ​ | Washington-Arlington-Alexandria, DC-VA-MD-WV | ​ | December 2020 | ​ | 1 | ​ | ​ | 17,350 | ​
Storage Deluxe Assets | ​ | New York-Northern New Jersey-Long Island, NY-NJ-PA | ​ | December 2020 | ​ | 8 | ​ | ​ | 540,000 | ​
Florida Assets | ​ | Orlando-Kissimmee, FL / Deltona-Daytona Beach-Ormond Beach, FL | ​ | December 2020 | ​ | 3 | ​ | ​ | 45,500 | ​
​ | ​ | ​ | ​ | ​ | ​ | 21 | ​ | $ | 735,875 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2020 Disposition: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
New York Asset | ​ | New York-Northern New Jersey-Long Island, NY-NJ-PA | ​ | December 2020 | ​ | 1 | ​ | $ | 12,750 | ​
​ | ​ | ​ | ​ | ​ | ​ | 1 | ​ | $ | 12,750 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ (1) Acquired by a consolidated joint venture in which the Company holds a 50% interest.

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