XML 24 R11.htm IDEA: XBRL DOCUMENT v3.21.2

STORAGE PROPERTIES

6 Months Ended

Jun. 30, 2021

STORAGE PROPERTIES

STORAGE FACILITIES

3. STORAGE PROPERTIES

​

The book value of the Company’s real estate assets is summarized as follows:

​

​	​	​	​	​	​	​	​
​	​	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	​

​

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.

X

- References

No definition available.

+ Details

Name:	us-gaap_RealEstateAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 970
-URI http://asc.fasb.org/topic&trid=2156125

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 978
-URI http://asc.fasb.org/topic&trid=2134977

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 976
-URI http://asc.fasb.org/topic&trid=2134846

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 974
-URI http://asc.fasb.org/topic&trid=2156429

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 972
-URI http://asc.fasb.org/topic&trid=2134617

+ Details

Name:	us-gaap_RealEstateDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration