Quarterly report pursuant to Section 13 or 15(d)

SELF STORAGE PROPERTIES

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SELF STORAGE PROPERTIES
6 Months Ended
Jun. 30, 2015
Real Estate [Abstract]  
SELF STORAGE PROPERTIES
SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
 
June 30,
 
December 31,
 
2015
 
2014
Land
$
268,814

 
$
236,691

Buildings and improvements
701,930

 
600,284

Furniture and equipment
2,034

 
1,966

Total self storage properties
972,778

 
838,941

Less accumulated depreciation
(52,509
)
 
(39,614
)
Self storage properties, net
$
920,269

 
$
799,327