CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified |
Mar. 31, 2015
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Dec. 31, 2014
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Real estate | ||
Self storage properties | $ 879,631us-gaap_RealEstateInvestmentPropertyAtCost | $ 838,941us-gaap_RealEstateInvestmentPropertyAtCost |
Less accumulated depreciation | (45,961)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation | (39,614)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation |
Self storage properties, net | 833,670us-gaap_RealEstateInvestmentPropertyNet | 799,327us-gaap_RealEstateInvestmentPropertyNet |
Cash and cash equivalents | 8,328us-gaap_CashAndCashEquivalentsAtCarryingValue | 9,009us-gaap_CashAndCashEquivalentsAtCarryingValue |
Restricted cash | 2,446us-gaap_RestrictedCashAndCashEquivalents | 2,120us-gaap_RestrictedCashAndCashEquivalents |
Debt issuance costs, net | 5,755us-gaap_DeferredFinanceCostsNet | 6,346us-gaap_DeferredFinanceCostsNet |
Other assets, net | 14,239us-gaap_OtherAssets | 15,944us-gaap_OtherAssets |
Total assets | 864,438us-gaap_Assets | 832,746us-gaap_Assets |
Liabilities | ||
Debt financing | 618,290us-gaap_DebtLongtermAndShorttermCombinedAmount | 597,691us-gaap_DebtLongtermAndShorttermCombinedAmount |
Accounts payable and accrued liabilities | 13,752us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent | 10,012us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent |
Distributions payable | 0us-gaap_DividendsPayableCurrentAndNoncurrent | 6,763us-gaap_DividendsPayableCurrentAndNoncurrent |
Deferred revenue | 4,606us-gaap_DeferredRevenue | 4,176us-gaap_DeferredRevenue |
Total liabilities | 636,648us-gaap_Liabilities | 618,642us-gaap_Liabilities |
Commitments and contingencies (Note 10) | ||
Equity | ||
Common shares of beneficial interest, par value $0.01 per share. 1,000 shares authorized; 1,000 shares issued and outstanding | 0us-gaap_CommonStockValueOutstanding | 0us-gaap_CommonStockValueOutstanding |
Retained earnings | 0us-gaap_RetainedEarningsAccumulatedDeficit | 0us-gaap_RetainedEarningsAccumulatedDeficit |
Total shareholder's equity | 0us-gaap_StockholdersEquity | 0us-gaap_StockholdersEquity |
Noncontrolling interests | 227,790us-gaap_MinorityInterest | 214,104us-gaap_MinorityInterest |
Total equity | 227,790us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest | 214,104us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
Total liabilities and equity | $ 864,438us-gaap_LiabilitiesAndStockholdersEquity | $ 832,746us-gaap_LiabilitiesAndStockholdersEquity |
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value of all classes of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares exclude common shares repurchased by the entity and held as treasury shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the aggregate of total long-term debt, including current maturities and short-term debt. No definition available.
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- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred revenue as of balance sheet date. Deferred revenue represents collections of cash or other assets related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of depreciation for real estate property held for investment purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of real estate investment property, net of accumulated depreciation, which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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