Quarterly report pursuant to Section 13 or 15(d)

INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Details)

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INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURE (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Dec. 31, 2016
ASSETS      
Self storage properties, net $ 655,233 $ 655,233 $ 614,754
Other assets 14,141 14,141 19,936
Total assets 669,374 669,374 634,690
LIABILITIES AND EQUITY      
Debt financing 317,192 317,192 317,047
Other liabilities 5,764 5,764 4,498
Equity 346,418 346,418 313,145
Total liabilities and equity 669,374 669,374 $ 634,690
INCOME STATEMENT      
Total revenue 13,059 25,566  
Property operating expenses 4,432 8,500  
Net operating income 8,627 17,066  
Supervisory, administrative and other expenses (941) (1,839)  
Depreciation and amortization (7,676) (15,165)  
Interest expense (2,802) (5,628)  
Acquisition and other expenses (267) (633)  
Net loss $ (3,059) $ (6,199)