CONSOLIDATED BALANCE SHEETS (LP cube) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Storage properties	$ 4,640,556	$ 4,463,455
Less: Accumulated depreciation	(905,403)	(862,487)
Storage properties, net (including VIE assets of $140,474 and $330,986, respectively)	3,735,153	3,600,968
Cash and cash equivalents	11,103	3,764
Restricted cash	4,280	2,718
Loan procurement costs, net of amortization	4,505	963
Investment in real estate venture, at equity	86,914	95,796
Other assets, net	105,514	48,763
Total assets	3,947,469	3,752,972
LIABILITIES AND CAPITAL
Unsecured senior notes, net	1,489,088	1,143,524
Revolving credit facility	257,150	195,525
Unsecured term loan		299,799
Mortgage loans and notes payable, net	106,596	108,246
Accounts payable, accrued expenses and other liabilities	164,533	149,914
Distributions payable	62,029	60,627
Deferred revenue	25,230	22,595
Security deposits	472	474
Total liabilities	2,105,098	1,980,704
Limited Partnership interests of third parties	62,385	55,819
Commitments and contingencies
Capital
Accumulated other comprehensive loss	(769)	(1,029)
Total liabilities and equity	3,947,469	3,752,972
Cubesmart, L P and Subsidiaries
ASSETS
Storage properties	4,640,556	4,463,455
Less: Accumulated depreciation	(905,403)	(862,487)
Storage properties, net (including VIE assets of $140,474 and $330,986, respectively)	3,735,153	3,600,968
Cash and cash equivalents	11,103	3,764
Restricted cash	4,280	2,718
Loan procurement costs, net of amortization	4,505	963
Investment in real estate venture, at equity	86,914	95,796
Other assets, net	105,514	48,763
Total assets	3,947,469	3,752,972
LIABILITIES AND CAPITAL
Unsecured senior notes, net	1,489,088	1,143,524
Revolving credit facility	257,150	195,525
Unsecured term loan		299,799
Mortgage loans and notes payable, net	106,596	108,246
Accounts payable, accrued expenses and other liabilities	164,533	149,914
Distributions payable	62,029	60,627
Deferred revenue	25,230	22,595
Security deposits	472	474
Total liabilities	2,105,098	1,980,704
Limited Partnership interests of third parties	62,385	55,819
Capital
Operating Partner	1,774,658	1,710,707
Accumulated other comprehensive loss	(769)	(1,029)
Total CubeSmart, L.P. capital	1,773,889	1,709,678
Noncontrolling interests in subsidiaries	6,097	6,771
Total capital	1,779,986	1,716,449
Total liabilities and equity	$ 3,947,469	$ 3,752,972