CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2020

Commitments And Contingencies Disclosure [Abstract]

Schedule of Guarantees

The following table represents the Operating Partnership's guarantees of unconsolidated affiliates' debt as reflected in the accompanying consolidated balance sheets as of December 31, 2020 and 2019:

	As of December 31, 2020									Obligation recorded to reflect guaranty
Unconsolidated Affiliate	Company's Ownership Interest	Outstanding Balance		Percentage Guaranteed by the Operating Partnership		Maximum Guaranteed Amount		Debt Maturity Date (1)		December 31, 2020		December 31, 2019
West Melbourne I, LLC - Phase I	50%	$	40,177	50%		$	20,089	Feb-2021	(2)	$	201	$	199
West Melbourne I, LLC - Phase II	50%		14,423	50%			7,212	Feb-2021	(2)		72		78
Port Orange I, LLC	50%		53,233	50%			26,617	Feb-2021	(2)		266		270
Ambassador Infrastructure, LLC	65%		9,360	100%			9,360	Jan-2021	(3)		94		101
Shoppes at Eagle Point, LLC	50%		34,585	35%	(4)		12,740	Oct-2021	(5)		127		127
EastGate Storage, LLC	50%		6,500	50%	(6)		3,250	Dec-2022			33		33
Self Storage at Mid Rivers, LLC	50%		5,896	50%	(6)		2,994	Apr-2023			30		30
Parkdale Self Storage, LLC	50%		6,160	100%	(7)		6,500	Jul-2024			65		65
Hamilton Place Self Storage, LLC	54%		6,564	50%	(6)		3,501	Sep-2024			35		70
Atlanta Outlet JV, LLC	50%		4,601	100%			4,601	Nov-2023			—		—
Louisville Outlet Shoppes, LLC	50%		8,872	100%			8,872	Oct-2021			—		—
Total guaranty liability										$	923	$	973

(1) Excludes any extension options.

(2) The loan has two one-year extension options at the joint venture’s election. Subsequent to December 31, 2020, the loan was extended (see Note 20).

(3) Subsequent to December 31, 2020, the loan was extended (see Note 20).

(4) The guarantee is for a fixed amount of $12,740 throughout the term of the loan, including any extensions.

(5) The loan has one one-year extension option, at the joint venture's election, for an outside maturity date of October 2022.

(6) The guarantee may be reduced to 25% once certain debt and operational metrics are met.

(7) The guarantee was increased to 100% as a result of the Chapter 11 Cases filed by the Company.