INVESTMENT ACTIVITY (Details) $ / shares in Units, $ in Thousands |
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3 Months Ended |
9 Months Ended |
12 Months Ended |
18 Months Ended |
21 Months Ended |
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Jun. 02, 2017
USD ($)
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Apr. 12, 2017
USD ($)
shares
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Aug. 12, 2016
USD ($)
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Apr. 18, 2016
USD ($)
shares
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Apr. 05, 2016
USD ($)
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May 14, 2015
USD ($)
shares
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Sep. 30, 2017
USD ($)
$ / shares
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Dec. 31, 2016
USD ($)
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Dec. 31, 2015 |
Sep. 30, 2017
USD ($)
property
facility
$ / shares
shares
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Dec. 31, 2016
USD ($)
property
item
facility
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Jun. 30, 2017
USD ($)
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Sep. 30, 2017
USD ($)
facility
$ / shares
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| Self-storage facilities |
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| Storage facilities |
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$ 4,086,960
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$ 3,998,180
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$ 4,086,960
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$ 3,998,180
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$ 4,086,960
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| Restricted cash |
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4,189
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7,893
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4,189
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$ 7,893
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$ 4,189
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| OP units issued (in shares) | shares |
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61,224
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20,408
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| Issuance of OP Shares |
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$ 1,500
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$ 500
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| Acquisition of noncontrolling interest |
$ 8,600
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9,033
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| Self storage in operation |
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| Self-storage facilities |
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| Number of self-storage facilities | facility |
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5
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| Total Construction Costs |
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$ 182,700
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| Self storage under construction | PSI |
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| Self-storage facilities |
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| Development costs |
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145,600
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145,600
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$ 145,600
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| Expected construction cost |
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$ 282,400
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| Number of facilities under contract | facility |
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7
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| Self-storage facilities located in New York |
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| Self-storage facilities |
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| Ownership interest held by the entity (as a percent) |
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90.00%
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51.00%
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| Number of joint ventures | item |
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2
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| Minority ownership interest (as a percent) |
0.00%
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| Acquisition of remaining interest in real estate ventures (as a percent) |
10.00%
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| Total consideration |
$ 9,000
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| Repayments of debt |
$ 9,800
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| Self-storage Facility in Washington DC |
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| Self-storage facilities |
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| Number of self-storage facilities | facility |
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1
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| Ownership interest held by the entity (as a percent) |
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100.00%
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| Total Construction Costs |
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27,800
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| Self-storage Facility In North Palm Beach, FL |
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| Self-storage facilities |
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| Number of self-storage facilities | facility |
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1
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| Ownership interest held by the entity (as a percent) |
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100.00%
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| Total Construction Costs |
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9,700
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| Self-storage Facility in Queens, NY |
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| Self-storage facilities |
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| Number of self-storage facilities | facility |
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1
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| Ownership interest held by the entity (as a percent) |
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100.00%
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| Total Construction Costs |
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31,800
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| Minority ownership interest (as a percent) |
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49.00%
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| Amount of net proceeds applied to acquisitions closed during the year |
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$ 12,500
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| Self-storage Facility in Brooklyn, NY |
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| Self-storage facilities |
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| Number of self-storage facilities | facility |
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1
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| Ownership interest held by the entity (as a percent) |
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90.00%
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| Total Construction Costs |
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81,200
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| Self-storage Facility in Bronx, NY |
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| Self-storage facilities |
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| Number of self-storage facilities | facility |
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1
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| Ownership interest held by the entity (as a percent) |
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100.00%
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| Total Construction Costs |
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$ 32,200
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| Minority ownership interest (as a percent) |
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49.00%
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| Amount of net proceeds applied to acquisitions closed during the year |
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$ 17,000
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| 2017 Acquisitions |
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| Self-storage facilities |
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| Number of self-storage facilities acquired | facility |
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3
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| Aggregate purchase price |
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$ 33,050
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| Summary of the amounts of revenue and earnings of the 2016 and 2015 acquisitions since the acquisition dates |
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| Total revenue |
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510
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785
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| Net loss |
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(362)
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(701)
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| 2017 Acquisitions | Self-storage facilities located in US |
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| Self-storage facilities |
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| Intangible value of the in-place leases |
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2,000
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$ 2,000
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$ 2,000
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| Estimated life |
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12 months
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| Amortization expense |
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$ 800
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| Number of properties, assumed mortgage | facility |
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1
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| Units issued |
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$ 12,300
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| Assumed mortgage debt, at fair value |
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6,200
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6,200
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6,200
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| Outstanding principal balance of mortgage debt assumed on acquisitions |
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5,900
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5,900
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5,900
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| Premium on debt assumed on acquisitions |
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300
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300
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300
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| 2016 Acquisitions |
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| Self-storage facilities |
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| Number of self-storage facilities acquired | facility |
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28
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| Aggregate purchase price |
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$ 403,550
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| 2016 Acquisitions | Self storage under construction |
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| Self-storage facilities |
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| Number of facilities under contract | facility |
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3
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| 2016 Acquisitions | Self-storage facilities located in US |
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| Self-storage facilities |
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| Number of self-storage facilities | facility |
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28
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| Aggregate purchase price |
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$ 403,600
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| Intangible value of the in-place leases |
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18,800
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$ 18,800
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| Estimated life |
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12 months
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| Amortization expense |
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7,900
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| Number of properties, assumed mortgage | facility |
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1
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| Assumed mortgage debt, at fair value |
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6,500
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$ 6,500
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| Outstanding principal balance of mortgage debt assumed on acquisitions |
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6,300
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6,300
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| Premium on debt assumed on acquisitions |
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200
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$ 200
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| Real Estate Acquisition Expected in 2018 |
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| Self-storage facilities |
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| Deposit |
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1,800
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$ 1,800
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1,800
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| Number of facilities under contract | facility |
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3
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| Expected aggregate purchase or sales price |
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49,900
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$ 49,900
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49,900
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| Real Estate Acquisition Expected in 2018 | Self storage under construction |
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| Self-storage facilities |
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| Number of self-storage facilities | facility |
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3
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| Self-storage facilities |
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| Self-storage facilities |
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| Number of self-storage facilities acquired | property |
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3
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28
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| Aggregate purchase price |
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$ 403,600
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$ 33,100
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| Self-storage facilities | Self-storage facilities located in US |
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| Self-storage facilities |
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| Number of self-storage facilities acquired | facility |
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2
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| Aggregate purchase price |
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$ 21,900
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| Self-storage facilities | 2017 Acquisitions |
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| Self-storage facilities |
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| Maximum number of months to finalize purchase price allocation |
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12 months
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| Business Combination, Measurement Period Adjustments Recorded |
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$ 0
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| Measurement period adjustments |
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$ 0
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| New York | Self storage under construction | PSI |
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| Self-storage facilities |
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| Number of facilities under contract | facility |
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5
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| Massachusetts | Self storage under construction | PSI |
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| Self-storage facilities |
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| Number of facilities under contract | facility |
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1
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| New Jersey | Self storage under construction | PSI |
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| Self-storage facilities |
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| Number of facilities under contract | facility |
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1
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| Illinois |
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| Self-storage facilities |
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| Cash paid for acquisition |
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$ 9,700
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$ 9,700
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| Contract amount to purchase real estate |
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$ 11,200
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11,200
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$ 11,200
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| Units issued (in shares) | shares |
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58,000
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| Total consideration |
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$ 11,200
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| Cash paid for acquisition of remaining interest in real estate ventures |
|
$ 9,700
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$ 9,700
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| Class C units | Illinois |
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| Self-storage facilities |
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| Units issued (in shares) | shares |
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58,400
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| Stated value (in dollars per share) | $ / shares |
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$ 25
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$ 25
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$ 25
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| Distribution rate (as a percent) |
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3.00%
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3.00%
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3.00%
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| Redemption period, holder |
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6 months
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| Redemption period, issuer |
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12 months
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| Redemption price (in dollars per share) | $ / shares |
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$ 25
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$ 25
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$ 25
|