Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Real estate    
Self storage properties $ 2,075,845 $ 1,844,336
Less accumulated depreciation (153,783) (110,803)
Self storage properties, net 1,922,062 1,733,533
Cash and cash equivalents 13,673 12,570
Restricted cash 4,683 2,767
Debt issuance costs, net 2,427 3,069
Investment in unconsolidated real estate venture 88,224 81,486
Other assets, net 41,928 44,730
Assets held for sale 0 13,937
Total assets 2,072,997 1,892,092
Liabilities    
Debt financing 1,071,854 878,954
Accounts payable and accrued liabilities 27,894 21,616
Deferred revenue 12,711 12,454
Total liabilities 1,112,459 913,024
Commitments and contingencies (Note 11)
Equity    
Common shares of beneficial interest, par value $0.01 per share. 250,000,000 shares authorized, 44,316,107 and 43,110,362 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively 443 431
Additional paid-in capital 595,354 576,365
Distributions in excess of earnings (38,117) (8,719)
Accumulated other comprehensive income 8,724 9,025
Total shareholders' equity 566,404 577,102
Noncontrolling interests 394,134 401,966
Total equity 960,538 979,068
Total liabilities and equity $ 2,072,997 $ 1,892,092