SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2015 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS
Self Storage Property Acquisitions
In July and August 2015, the Company acquired 12 self storage properties with an estimated fair value of approximately $94 million. Consideration for these acquisitions included approximately $78 million of net cash and the issuance of OP equity of approximately $8.0 million (consisting of approximately 660,000 OP Units). Of these acquisitions, one was acquired by us from a PRO and 11 were acquired by us from third-party sellers. Certain of these self storage properties were acquired in DownREIT partnerships. The estimated fair value of noncontrolling interests associated with these partnerships was $8.3 million.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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