XML 72 R55.htm IDEA: XBRL DOCUMENT v3.24.0.1
MORTGAGE LOANS AND NOTES PAYABLE - Summary (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 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 128,186 162,918  
Net book value of self-storage facilities 5,951,236 6,048,003 $ 6,097,670
Mortgage Loans      
Mortgage loans and Notes payable      
Principal amount of debt 121,368 153,959  
Carrying value 121,368    
Plus: Unamortized fair value adjustment 7,689 10,228  
Less: Loan procurement costs, net (871) (1,269)  
Total mortgage loans and notes payable 128,186 162,918  
Net book value of self-storage facilities used to secure debt $ 356,100 442,900  
Nashville V, TN | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value   2,148  
Effective interest rate (as a percent) 3.85%    
New York, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value   28,669  
Effective interest rate (as a percent) 3.51%    
Annapolis I, MD | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 4,703 4,906  
Effective interest rate (as a percent) 3.78%    
Brooklyn XV, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 14,746 15,093  
Effective interest rate (as a percent) 2.15%    
Long Island City IV, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 11,946 12,270  
Effective interest rate (as a percent) 2.15%    
Long Island City II, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 17,834 18,283  
Effective interest rate (as a percent) 2.25%    
Long Island City III, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 17,839 18,290  
Effective interest rate (as a percent) 2.25%    
Flushing II, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 54,300 $ 54,300  
Effective interest rate (as a percent) 2.15%