Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
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