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STORAGE PROPERTIES (Tables) | 9 Months Ended
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Sep. 30, 2023
STORAGE PROPERTIES |
Summary of real estate assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31, | ​
​ |  | 2023 |  | 2022 | ​
​ | ​ | (in thousands) | ​
Land | ​ | $ | 1,588,138 | ​ | $ | 1,588,138 | ​
Buildings and improvements | ​ |  | 5,497,013 | ​ |  | 5,483,506 | ​
Equipment | ​ |  | 143,680 | ​ |  | 144,605 | ​
Construction in progress | ​ |  | 62,041 | ​ |  | 37,584 | ​
Right-of-use assets - finance leases | ​ | ​ | 41,945 | ​ | ​ | 41,945 | ​
Storage properties | ​ |  | 7,332,817 | ​ |  | 7,295,778 | ​
Less: Accumulated depreciation | ​ |  | (1,375,321) | ​ |  | (1,247,775) | ​
Storage properties, net | ​ | $ | 5,957,496 | ​ | $ | 6,048,003 | ​
Schedule of acquisitions and dispositions of real estate assets | The following table summarizes the Company’s acquisition activity since January 1, 2022. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Number of |  | Transaction 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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