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SELF STORAGE PROPERTIES
 3 Months Ended
Mar. 31, 2024
Real Estate [Abstract]  
SELF STORAGE PROPERTIES SELF STORAGE PROPERTIES
Self storage properties are summarized as follows (dollars in thousands):
March 31, 2024December 31, 2023
Land$1,035,562 $1,035,562 
Buildings and improvements4,750,848 4,746,105 
Furniture and equipment11,243 10,507 
Total self storage properties5,797,653 5,792,174 
Less accumulated depreciation(919,723)(874,359)
Self storage properties, net$4,877,930 $4,917,815 
Depreciation expense related to self storage properties amounted to $45.4 million and $52.1 million during the three months ended March 31, 2024 and 2023, respectively.