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INVESTMENT ACTIVITY (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | 21 Months Ended
--- | --- | --- | --- | --- | ---
Aug. 31, 2023 USD ($) | Sep. 30, 2024 USD ($) facility | Sep. 30, 2023 USD ($) | Sep. 30, 2024 USD ($) facility | Sep. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) facility | Sep. 30, 2024 USD ($) facility property
Self storage under construction |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |
Number of self-storage facilities | facility |  | 2 |  | 2 |  |  | 2
Development costs |  | $ 18,600 |  | $ 18,600 |  |  | $ 18,600
Expected construction cost |  | 45,700 |  | $ 45,700 |  |  | $ 45,700
Self Storage Facilities in New York and New Jersey |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |
Number of stores | property |  |  |  |  |  |  | 2
2024 Acquisitions |  |  |  |  |  |  |
Self-storage facilities |  |  |  |  |  |  |
Number of self-storage facilities acquired | facility |  |  |  | 2 |  |  |
Aggregate purchase price |  |  |  | $ 20,200 |  |  |
Aggregate acquisition price |  | 22,000 |  | 22,000 |  |  | $ 22,000
Intangible value of the in-place leases |  | $ 900 |  | $ 900 |  |  | $ 900
Estimated life |  | 12 months |  | 12 months |  |  | 12 months
Amortization expense |  | $ 200 |  | $ 600 |  |  |
Escrow deposit |  | $ 500 |  | $ 500 |  |  | $ 500
Number of facilities to be acquired | facility |  |  |  | 2 |  |  |
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 |  | 12 months |  |  | 12 months
Amortization expense |  | $ 500 | $ 0 | $ 1,500 | $ 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 |  | 99.50% |  | 99.50% |  |  | 99.50%

X
- Definition The amount of consideration associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. + References No definition available. + Details
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482686/350-30-45-2 + Details
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- Definition The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(10)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 954 -SubTopic 440 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478522/954-440-50-1 + Details
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- Definition This element represents the amount of value allocated by a lessor (acquirer) to lease agreements which exist at acquisition of a leased property. Such amount may include the value assigned to existing tenant relationships and excludes the market adjustment component of the value assigned for above or below-market leases acquired. + References No definition available. + Details
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 230 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 28 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482740/230-10-45-28 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482130/360-10-45-5 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
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