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OTHER ASSETS (Tables)

6 Months Ended

Jun. 30, 2021

Other Assets, Unclassified [Abstract]

Schedule of other assets

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​	​	​	​	​	​	​
​	​	June 30,		​	December 31,
​		2021			2020
​	​	(in thousands)
Intangible assets, net of accumulated amortization of $29,157 and $2,123	​	$	29,930	​	$	57,820
Accounts receivable, net	​		5,905	​		5,829
Prepaid property taxes	​		5,497	​		6,334
Prepaid property and casualty insurance	​		5,603	​		2,626
Amounts due from affiliates (see note 15)	​	​	17,112	​	​	13,130
Assets held in trust related to deferred compensation arrangements	​	​	21,141	​	​	17,207
Right-of-use assets - operating leases (see note 14)	​	​	54,683	​	​	55,302
Equity investment recorded at cost (1)	​	​	5,000	​	​	5,000
Other	​		9,958	​		7,505
Total other assets, net	​	$	154,829	​	$	170,753

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(1) On September 5, 2018, the Company invested $5.0 million in exchange for 100% of the Class A preferred units of Capital Storage Partners, LLC (“Capital Storage”), a newly formed venture that acquired 22 self-storage properties located in Florida (4), Oklahoma (5) and Texas (13). The Class A preferred units earn an 11% cumulative dividend prior to any other distributions. The Company’s investment in Capital Storage and the related dividends are included in Other assets, net on the Company’s consolidated balance sheets and in Other income on the Company’s consolidated statements of operations, respectively.

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- Definition

Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets.

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