ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Summary of self storage property acquisitions

The following table summarizes the investment in self storage property acquisitions completed by the Company during the nine months ended September 30, 2021 (dollars in thousands):

Acquisitions Closed During the Three Months Ended:	Number of Properties	Summary of Investment
		Cash and Acquisition Costs		Value of OP Equity(1)		Other Liabilities		Total
March 31, 2021	23	$	141,928	$	22,897	$	1,138	$	165,963
June 30, 2021	20	243,580		24,102		1,711		269,393
September 30, 2021	76	562,105		31,074		6,098		599,277
Total	119	$	947,613	$	78,073	$	8,947	$	1,034,633

(1)Value of OP equity represents the fair value of OP units and subordinated performance units.