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MORTGAGE LOANS AND NOTES PAYABLE - Summary (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Mortgage loans and Notes payable      
Principal amount of debt $ 2,800,000 $ 2,800,000  
Total mortgage loans and notes payable 205,915 128,186  
Net book value of self-storage facilities 6,038,186 5,951,236 $ 6,048,003
Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value 204,471    
Principal amount of debt 204,471 121,368  
Plus: Unamortized fair value adjustment 6,137 7,689  
Less: Loan procurement costs, net (4,693) (871)  
Total mortgage loans and notes payable 205,915 128,186  
Net book value of self-storage facilities used to secure debt $ 403,900 356,100  
Annapolis I, MD | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value   4,703  
Effective interest rate (as a percent) 3.78%    
Brooklyn XV, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value   14,746  
Effective interest rate (as a percent) 2.15%    
Long Island City IV, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value   11,946  
Effective interest rate (as a percent) 2.15%    
Long Island City II, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 17,368 17,834  
Effective interest rate (as a percent) 2.25%    
Long Island City III, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 17,371 17,839  
Effective interest rate (as a percent) 2.25%    
Allen, TX | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 7,432    
Effective interest rate (as a percent) 6.29%    
Dallas-Fort Worth, TX | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 108,000    
Effective interest rate (as a percent) 6.23%    
Flushing II, NY | Mortgage Loans      
Mortgage loans and Notes payable      
Carrying value $ 54,300 $ 54,300  
Effective interest rate (as a percent) 2.15%    
Joint Venture      
Mortgage loans and Notes payable      
Percentage of interest acquired 85.00%