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INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES (Tables)
 9 Months Ended
Sep. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Condensed Financial Information of Unconsolidated Real Estate Ventures
The following table presents the combined condensed financial position of the Company's unconsolidated real estate ventures as of September 30, 2025 and December 31, 2024 (dollars in thousands):
September 30, 2025December 31, 2024
ASSETS
Self storage properties$2,758,743 $2,700,632 
Less accumulated depreciation(505,615)(445,006)
Self storage properties, net2,253,128 2,255,626 
Other assets41,552 43,513 
Total assets$2,294,680 $2,299,139 
LIABILITIES AND EQUITY
Debt financing$1,214,036 $1,213,169 
Other liabilities36,922 37,206 
Equity1,043,722 1,048,764 
Total liabilities and equity$2,294,680 $2,299,139 
The following tables present the combined condensed operating information of the Company's unconsolidated real estate ventures for the three and nine months ended September 30, 2025 and 2024 (dollars in thousands):
Three Months Ended September 30,
20252024
Total revenue$62,875 $63,293 
Property operating expenses(21,790)(19,471)
Supervisory, administrative and other expenses(4,088)(4,150)
Depreciation and amortization(20,771)(21,671)
Interest expense(13,653)(13,650)
Non-operating income (expense)430 (1,037)
Net income$3,003 $3,314 
Nine Months Ended September 30,
20252024
Total revenue$186,169 $180,105 
Property operating expenses(65,615)(56,523)
Supervisory, administrative and other expenses(12,116)(11,683)
Depreciation and amortization(63,284)(60,441)
Interest expense(41,033)(39,405)
Non-operating income (expense)921 (192)
Net income$5,042 $11,861