STORAGE FACILITIES (Tables)

9 Months Ended

Sep. 30, 2012

STORAGE FACILITIES

Summary of real estate assets

	September 30,			December 31,
	2012			2011
	(in thousands)
Land	$	461,816		$	417,067
Buildings and improvements	1,824,107			1,574,769
Equipment	141,097			110,371
Construction in progress	5,395			5,262
Total	2,432,415			2,107,469
Less accumulated depreciation	(340,365		)	(318,749		)
Storage facilities — net	$	2,092,050		$	1,788,720

Schedule of acquisitions and dispositions of real estate assets

Facility/Portfolio	Location	Transaction Date	Number of Facilities	Purchase / Sales Price (in thousands)
2012 Acquisitions:
Houston Asset	Houston, TX	February 2012	1	$	5,100
Dunwoody Asset	Dunwoody, GA	February 2012	1	6,900
Mansfield Asset	Mansfield, TX	June 2012	1	4,970
Texas Assets	Multiple locations in TX	July 2012	4	18,150
Allen Asset	Allen, TX	July 2012	1	5,130
Norwalk Asset	Norwalk, CT	July 2012	1	5,000
Storage Deluxe Assets	Multiple locations in NY and CT	February/ April/ August 2012	6	201,910
Eisenhower Asset	Alexandria, VA	August 2012	1	19,750
New Jersey Assets	Multiple locations in NJ	August 2012	2	10,750
Georgia/ Florida Assets	Multiple locations in GA and FL	August 2012	3	13,370
Peachtree Asset	Peachtree City, GA	August 2012	1	3,100
HSREV Assets	Multiple locations in PA, NY, NJ, VA and FL	September 2012	9	102,000		(a)
Leetsdale Asset	Denver, CO	September 2012	1	10,600
			32	$	406,730
2012 Dispositions:
Michigan Assets	Multiple locations in MI	June 2012	3	$	6,362
Gulf Coast Assets	Multiple locations in LA, AL and MS	June 2012	5	16,800
New Mexico Assets (b)	Multiple locations in NM	August 2012	6	7,500
San Bernardino Asset	San Bernardino, CA	August 2012	1	5,000
			15	$	35,662
2011 Acquisitions:
Burke Lake Asset	Fairfax Station, VA	January 2011	1	$	14,000
West Dixie Asset	Miami, FL	April 2011	1	13,500
White Plains Asset	White Plains, NY	May 2011	1	23,000
Phoenix Asset	Phoenix, AZ	May 2011	1	612
Houston Asset	Houston, TX	June 2011	1	7,600
Duluth Asset	Duluth, GA	July 2011	1	2,500
Atlanta Assets	Atlanta, GA	July 2011	2	6,975
District Heights Asset	District Heights, MD	August 2011	1	10,400
Storage Deluxe Assets	Multiple locations in NY, CT, and PA	November 2011	16	357,310
Leesburg Asset	Leesburg, VA	November 2011	1	13,000
Washington, DC Asset	Washington, DC	December 2011	1	18,250
			27	$	467,147
2011 Dispositions:
Flagship Assets	Multiple locations in IN and OH	August 2011	18	$	43,500
Portage Asset	Portage, MI	November 2011	1	1,700
			19	$	45,200

(a)Purchase price listed represents the fair value of the assets at acquisition.

(b)The Company issued financing in the amount of $5.3 million to the buyer in conjunction with the New Mexico Assets disposition.