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MORTGAGE LOANS AND NOTES PAYABLE - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Mortgage loans and Notes payable
Principal amount of debt	$ 2,800,000	$ 2,800,000
Total mortgage loans and notes payable	165,305	167,676
Net book value of self-storage facilities	6,093,416	6,097,670
Mortgage Loans
Mortgage loans and Notes payable
Carrying value	155,180
Plus: Unamortized fair value adjustment	11,603
Less: Loan procurement costs, net	(1,478)	(1,690)
Total mortgage loans and notes payable	165,305	167,676
Net book value of self-storage facilities	$ 446,400	450,700
Revolver
Mortgage loans and Notes payable
Effective interest rate (as a percent)	2.89%
Nashville V, TN | Mortgage Loans
Mortgage loans and Notes payable
Carrying value	$ 2,177	2,206
Effective interest rate (as a percent)	3.85%
New York, NY | Mortgage Loans
Mortgage loans and Notes payable
Carrying value	$ 29,007	29,340
Effective interest rate (as a percent)	3.51%
Annapolis I, MD | Mortgage Loans
Mortgage loans and Notes payable
Carrying value	$ 5,003	5,099
Effective interest rate (as a percent)	3.78%
Brooklyn XV, NY | Mortgage Loans
Mortgage loans and Notes payable
Carrying value	$ 15,259	15,423
Effective interest rate (as a percent)	2.15%
Long Island City IV, NY | Mortgage Loans
Mortgage loans and Notes payable
Carrying value	$ 12,426	12,580
Effective interest rate (as a percent)	2.15%
Long Island City II, NY | Mortgage Loans
Mortgage loans and Notes payable
Carrying value	$ 18,500	18,714
Effective interest rate (as a percent)	2.25%
Long Island City III, NY | Mortgage Loans
Mortgage loans and Notes payable
Principal amount of debt	$ 155,180	156,385
Carrying value	$ 18,508	18,723
Effective interest rate (as a percent)	2.25%
Flushing II, NY | Mortgage Loans
Mortgage loans and Notes payable
Carrying value	$ 54,300	54,300
Plus: Unamortized fair value adjustment	$ 11,603	$ 12,981
Effective interest rate (as a percent)	2.15%

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Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt.

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Face (par) amount of debt instrument at time of issuance.

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Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

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