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INVESTMENT ACTIVITY (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended 15 Months Ended
Feb. 20, 2025
USD ($)
facility
Dec. 31, 2024
USD ($)
loan
item
property
facility
Mar. 31, 2025
USD ($)
facility
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
facility
property
Mar. 31, 2025
USD ($)
property
facility
Self-storage facilities            
Number of self-storage facilities acquired | facility         4  
Aggregate purchase price         $ 42,200  
Mortgage loans and notes payable, net   $ 205,915 $ 205,500   $ 205,915 $ 205,500
HVP IV            
Self-storage facilities            
Aggregate purchase price $ 452,800          
Intangible value of the in-place leases $ 32,000          
Estimated life 12 months          
Amortization expense     $ 2,700      
Percentage of voting interest acquired 80.00%          
Total consideration $ 466,900          
Acquisition, previously held equity interest 14,100          
Acquisition, gain (loss) recognized 0          
Repayments of debt $ 44,400          
Joint Venture            
Self-storage facilities            
Percentage of voting interest acquired     85.00%   85.00%  
HVP IV            
Self-storage facilities            
Number of self-storage facilities | property   28     28  
Percentage of voting interest acquired 80.00%   80.00%      
Percentage of voting interest previously acquired 20.00%          
Aggregate sale price $ 452,800          
Number of real estate properties owned | facility 28   28      
Repayments of debt $ 44,400   $ 44,400      
HVP IV | Texas            
Self-storage facilities            
Number of real estate properties owned | facility 8          
HVP IV | Florida            
Self-storage facilities            
Number of real estate properties owned | facility 4          
HVP IV | Maryland            
Self-storage facilities            
Number of real estate properties owned | facility 2          
HVP IV | Connecticut            
Self-storage facilities            
Number of real estate properties owned | facility 3          
HVP IV | Pennsylvania            
Self-storage facilities            
Number of real estate properties owned | facility 1          
HVP IV | Arizona            
Self-storage facilities            
Number of real estate properties owned | facility 2          
HVP IV | Illinois            
Self-storage facilities            
Number of real estate properties owned | facility 5          
HVP IV | Georgia            
Self-storage facilities            
Number of real estate properties owned | facility 2          
HVP IV | Minnesota            
Self-storage facilities            
Number of real estate properties owned | facility 1          
Hines Portfolio December 2024            
Self-storage facilities            
Percentage of voting interest acquired         85.00%  
Self storage under construction | New York            
Self-storage facilities            
Number of self-storage facilities | facility     2     2
Development costs     $ 31,400     $ 31,400
Expected construction cost     $ 45,700     $ 45,700
Self Storage Facilities in New York and New Jersey            
Self-storage facilities            
Number of stores | property           2
2025 Acquisitions            
Self-storage facilities            
Number of self-storage facilities acquired | facility     28      
Aggregate purchase price     $ 452,785      
2025 Acquisitions | HVP IV            
Self-storage facilities            
Number of self-storage facilities acquired | facility     28      
Aggregate purchase price     $ 452,785      
2024 Acquisitions            
Self-storage facilities            
Number of self-storage facilities acquired | facility         18  
Aggregate purchase price         $ 199,400  
Intangible value of the in-place leases   $ 2,000     $ 2,000  
Estimated life   12 months     12 months  
Amortization expense     400 $ 100    
2024 Acquisitions | Connecticut            
Self-storage facilities            
Number of self-storage facilities acquired | facility         2  
2024 Acquisitions | Oregon            
Self-storage facilities            
Number of self-storage facilities acquired | facility         1  
2024 Acquisitions | Pennsylvania            
Self-storage facilities            
Number of self-storage facilities acquired | facility         1  
2024 Acquisitions | Hines Portfolio December 2024            
Self-storage facilities            
Number of self-storage facilities acquired | facility         14  
Aggregate purchase price   $ 157,300     $ 157,250  
Intangible value of the in-place leases   $ 10,100     $ 10,100  
Estimated life   12 months     12 months  
Amortization expense     $ 2,500 $ 0    
Percentage of voting interest acquired   85.00%        
Number of consolidated joint ventures In portfolio | item   7        
Number of encumbered mortgage loans | loan   2        
Mortgage loans and notes payable, net   $ 115,400     $ 115,400  
Fair value   115,800     115,800  
Aggregate net premium   $ 400     $ 400  
2024 Acquisitions | Hines Portfolio December 2024 | Texas            
Self-storage facilities            
Number of real estate properties owned | facility   14        
2024 Acquisitions | Connecticut Assets January 2024            
Self-storage facilities            
Number of self-storage facilities acquired | facility         2  
Aggregate purchase price         $ 20,200  
2024 Acquisitions | Oregon Asset November 2024            
Self-storage facilities            
Number of self-storage facilities acquired | facility         1  
Aggregate purchase price         $ 10,450  
2024 Acquisitions | Pennsylvania Asset November 2024            
Self-storage facilities            
Number of self-storage facilities acquired | facility         1  
Aggregate purchase price         $ 11,500  
Cubesmart            
Self-storage facilities            
Ownership interest by Parent     99.50%     99.50%
Mortgage Loans            
Self-storage facilities            
Mortgage loans and notes payable, net   $ 205,915 $ 205,500   $ 205,915 $ 205,500