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INVESTMENT ACTIVITY (Details) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2024 USD ($) facility | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) facility
Self-storage facilities |  |  |
Right-of-use assets - operating leases | $ 50,179 |  | $ 50,476
Self storage under construction |  |  |
Self-storage facilities |  |  |
Number of self-storage facilities | facility | 4 |  |
Development costs | $ 57,300 |  |
Expected construction cost | $ 109,700 |  |
Self storage under construction | New York |  |  |
Self-storage facilities |  |  |
Number of self-storage facilities | facility | 3 |  |
Self storage under construction | New Jersey |  |  |
Self-storage facilities |  |  |
Number of self-storage facilities | facility | 1 |  |
2024 Acquisitions |  |  |
Self-storage facilities |  |  |
Number of self-storage facilities acquired | facility | 2 |  |
Aggregate purchase price | $ 20,200 |  |
Intangible value of the in-place leases | $ 900 |  |
Estimated life | 12 months |  |
Amortization expense | $ 100 |  |
Purchase Price | $ 20,200 |  |
2023 Acquisitions |  |  |
Self-storage facilities |  |  |
Number of self-storage facilities acquired | facility |  |  | 1
Aggregate purchase price |  |  | $ 22,000
Intangible value of the in-place leases |  |  | 2,000
Estimated life | 12 months |  |
Amortization expense | $ 500 | $ 0 |
Purchase Price |  |  | $ 22,000
2023 Acquisitions | New Jersey |  |  |
Self-storage facilities |  |  |
Number of self-storage facilities acquired | facility |  |  | 1
2023 Dispositions |  |  |
Self-storage facilities |  |  |
Aggregate sale price |  |  | $ 8,000
2023 Dispositions | LAACO |  |  |
Self-storage facilities |  |  |
Aggregate sale price |  |  | 800
Gain (loss) from sale of real estate |  |  | (200)
2023 Dispositions | Illinois |  |  |
Self-storage facilities |  |  |
Proceeds from involuntary conversion, net |  |  | 8,000
Gain on involuntary conversion, net |  |  | $ (4,800)
Cubesmart |  |  |
Self-storage facilities |  |  |
Ownership interest by Parent | 99.40% |  |

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