Annual report pursuant to Section 13 and 15(d)

INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Tables)

v3.6.0.2
INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Tables)
12 Months Ended
Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Condensed Financial Information of Joint Ventures
Condensed financial information of the Joint Venture as of December 31, 2016 and for the year ended December 31, 2016 follows (in thousands):
 
December 31, 2016
ASSETS
 
Self storage properties, net
$
614,754

Other assets
19,936

Total assets
$
634,690

LIABILITIES AND EQUITY
 
Debt financing
$
317,047

Other liabilities
4,498

Equity
313,145

Total liabilities and equity
$
634,690

 
 
 
Year Ended
December 31, 2016
Total revenue
$
12,197

Property operating expenses
3,850

Net operating income
8,347

Supervisory, administrative and other expenses
(949
)
Depreciation and amortization
(6,235
)
Interest expense
(2,823
)
Acquisition and other expenses
(4,277
)
Net loss
$
(5,937
)