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STORAGE PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2023

STORAGE PROPERTIES

Summary of real estate assets

​

​	​	​	​	​	​	​	​
​	​	March 31,		​	December 31,		​
​		2023			2022		​
​	​	(in thousands)					​
Land	​	$	1,588,138	​	$	1,588,138	​
Buildings and improvements	​		5,485,336	​		5,483,506	​
Equipment	​		146,052	​		144,605	​
Construction in progress	​		42,417	​		37,584	​
Right-of-use assets - finance leases	​	​	41,945	​	​	41,945	​
Storage properties	​		7,303,888	​		7,295,778	​
Less: Accumulated depreciation	​		(1,290,075)	​		(1,247,775)	​
Storage properties, net	​	$	6,013,813	​	$	6,048,003	​

​

Schedule of acquisitions and dispositions of real estate assets

The following table summarizes the Company’s acquisition activity during the period January 1, 2022 through March 31, 2023.

​

​	​	​	​	​	​	​	​	​	​	​
​		​		​		Number of		Purchase / Sale Price
Asset/Portfolio	​	Metropolitan Statistical Area	​	Transaction Date	​	Stores	​	(in thousands)		​
​	​	​	​	​	​	​	​	​	​	​
2022 Acquisitions:	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Maryland Asset	​	Washington-Arlington-Alexandria, DC-VA-MD-WV	​	February 2022	​	1	​	$	32,000	​
Texas Asset	​	San Antonio, TX	​	June 2022	​	1	​	​	23,000	​
Georgia Asset	​	Atlanta, GA	​	July 2022	​	1	​	​	20,700	​
​	​	​	​	​	​	3	​	$	75,700	​

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