Extra Space Storage (EXR) 10-K3 Mar 142013 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2013	Feb. 21, 2014	Jun. 28, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'Extra Space Storage Inc.	'	'
Entity Central Index Key	'0001289490	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$4,421,398,748
Entity Common Stock, Shares Outstanding	'	115,802,553	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Assets:	'	'
Real estate assets, net	$3,636,544	$2,991,722
Investments in unconsolidated real estate ventures	88,125	106,313
Cash and cash equivalents	126,723	30,785
Restricted cash	21,451	16,976
Receivables from related parties and affiliated real estate joint ventures	7,542	11,078
Other assets, net	96,755	66,603
Total assets	3,977,140	3,223,477
Liabilities, Noncontrolling Interests and Equity:	'	'
Notes payable	1,588,596	1,369,690
Premium on notes payable	4,948	3,319
Exchangeable senior notes	250,000	'
Discount on exchangeable senior notes	-16,487	'
Notes payable to trusts	119,590	119,590
Lines of credit	'	85,000
Accounts payable and accrued expenses	60,601	52,299
Other liabilities	37,997	48,248
Total liabilities	2,045,245	1,678,146
Commitments and contingencies	'	'
Extra Space Storage Inc. stockholders' equity:	'	'
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued or outstanding	'	'
Common stock, $0.01 par value, 300,000,000 shares authorized, 115,755,527 and 110,737,205 shares issued and outstanding at December 31, 2013, and December 31, 2012, respectively	1,157	1,107
Paid-in capital	1,973,159	1,740,037
Accumulated other comprehensive income (deficit)	10,156	-14,273
Accumulated deficit	-226,002	-235,064
Total Extra Space Storage Inc. stockholders' equity	1,758,470	1,491,807
Noncontrolling interest represented by Preferred Operating Partnership units, net of $100,000 note receivable	80,947	29,918
Noncontrolling interests in Operating Partnership	91,453	22,492
Other noncontrolling interests	1,025	1,114
Total noncontrolling interests and equity	1,931,895	1,545,331
Total liabilities, noncontrolling interests and equity	$3,977,140	$3,223,477

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Consolidated Balance Sheets	'	'
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	115,755,527	110,737,205
Common stock, shares outstanding	115,755,527	110,737,205
Note receivable from noncontrolling interest represented by Preferred Operating Partnership units (in dollars)	$100,000	$100,000

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:	'	'	'
Property rental	$446,682	$346,874	$268,725
Tenant reinsurance	47,317	36,816	31,181
Management fees	26,614	25,706	29,924
Total revenues	520,613	409,396	329,830
Expenses:	'	'	'
Property operations	140,012	114,028	95,481
Tenant reinsurance	9,022	7,869	6,143
Acquisition related costs	8,618	5,351	2,896
Severance costs	'	'	2,137
General and administrative	54,246	50,454	49,683
Depreciation and amortization	95,232	74,453	58,014
Total expenses	307,130	252,155	214,354
Income from operations	213,483	157,241	115,476
Gain on sale of real estate assets	960	'	'
Loss on extinguishment of debt related to portfolio acquisition	-9,153	'	'
Interest expense	-71,630	-71,850	-67,301
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes	-1,404	-444	-1,761
Interest income	749	1,816	1,027
Interest income on note receivable from Preferred Operating Partnership unit holder	4,850	4,850	4,850
Income before equity in earnings of unconsolidated real estate ventures and income tax expense	137,855	91,613	52,291
Equity in earnings of unconsolidated real estate ventures	11,653	10,859	7,287
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partners' interests	46,032	30,630	'
Income tax expense	-9,984	-5,413	-1,155
Net income	185,556	127,689	58,423
Net income allocated to Preferred Operating Partnership noncontrolling interests	-8,006	-6,876	-6,289
Net income allocated to Operating Partnership and other noncontrolling interests	-5,474	-3,504	-1,685
Net income attributable to common stockholders	$172,076	$117,309	$50,449
Earnings per common share	'	'	'
Basic (in dollars per share)	$1.54	$1.15	$0.55
Diluted (in dollars per share)	$1.53	$1.14	$0.54
Weighted average number of shares	'	'	'
Basic (in shares)	111,349,361	101,766,385	91,301,265
Diluted (in shares)	113,105,094	103,767,365	93,633,573

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Consolidated Statements of Comprehensive Income	'	'	'
Net income	$185,556	$127,689	$58,423
Other comprehensive income:	'	'	'
Change in fair value of interest rate swaps	25,335	-6,587	-2,237
Total comprehensive income	210,891	121,102	56,186
Less: comprehensive income attributable to noncontrolling interests	14,386	10,130	7,886
Comprehensive income attributable to common stockholders	$196,505	$110,972	$48,300

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Total	Series A Preferred Operating Partnership	Series B Preferred Operating Partnership	Series C Preferred Operating Partnership	Operating Partnership	Other	Par Value	Paid-in Capital	Accumulated Other Comprehensive Deficit	Accumulated Deficit
In Thousands, except Share data, unless otherwise specified	Total	Series A Preferred Operating Partnership	Series B Preferred Operating Partnership	Series C Preferred Operating Partnership	Operating Partnership	Other	Par Value	Paid-in Capital	Accumulated Other Comprehensive Deficit	Accumulated Deficit
Balances at Dec. 31, 2010	$939,071	$29,733	'	'	$26,803	$1,134	$876	$1,148,820	($5,787)	($262,508)
Balances (in shares) at Dec. 31, 2010	'	'	'	'	'	'	87,587,322	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'	'
Issuance of common stock upon the exercise of options	18,622	'	'	'	'	'	14	18,608	'	'
Issuance of common stock upon the exercise of options (in shares)	'	'	'	'	'	'	1,388,269	'	'	'
Restricted stock grants issued	2	'	'	'	'	'	2	'	'	'
Restricted stock grants issued (in shares)	'	'	'	'	'	'	226,630	'	'	'
Restricted stock grants cancelled (in shares)	'	'	'	'	'	'	-47,695	'	'	'
Issuance of common stock, net of offering costs	112,349	'	'	'	'	'	53	112,296	'	'
Issuance of common stock, net of offering costs (in shares)	'	'	'	'	'	'	5,335,423	'	'	'
Compensation expense related to stock-based awards	5,757	'	'	'	'	'	'	5,757	'	'
Redemption of Operating Partnership units for common stock	'	'	'	'	-2,344	'	3	2,341	'	'
Redemption of Operating Partnership units for common stock (in shares)	'	'	'	'	'	'	293,641	'	'	'
Redemption of Operating Partnership units for cash	-271	'	'	'	-271	'	'	'	'	'
Net income (loss)	58,423	6,289	'	'	1,689	-4	'	'	'	50,449
Other comprehensive income (loss)	-2,237	-22	'	'	-66	'	'	'	-2,149	'
Tax effect from vesting of restricted stock grants and stock option exercises	2,199	'	'	'	'	'	'	2,199	'	'
Distributions to Operating Partnership units held by noncontrolling interests	-8,098	-6,305	'	'	-1,793	'	'	'	'	'
Distributions to other noncontrolling interests	-29	'	'	'	'	-29	'	'	'	'
Dividends paid on common stock at $1.45, $0.85, and $0.56 per share for the year ended December 31st, 2013, 2012 and 2011, respectively	-52,027	'	'	'	'	'	'	'	'	-52,027
Balances at Dec. 31, 2011	1,073,761	29,695	'	'	24,018	1,101	948	1,290,021	-7,936	-264,086
Balances (in shares) at Dec. 31, 2011	'	'	'	'	'	'	94,783,590	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'	'
Issuance of common stock upon the exercise of options	10,267	'	'	'	'	'	7	10,260	'	'
Issuance of common stock upon the exercise of options (in shares)	'	'	'	'	'	'	768,853	'	'	'
Restricted stock grants issued	2	'	'	'	'	'	2	'	'	'
Restricted stock grants issued (in shares)	'	'	'	'	'	'	182,052	'	'	'
Restricted stock grants cancelled (in shares)	'	'	'	'	'	'	-16,792	'	'	'
Issuance of common stock, net of offering costs	429,588	'	'	'	'	'	140	429,448	'	'
Issuance of common stock, net of offering costs (in shares)	'	'	'	'	'	'	14,030,000	'	'	'
Issuance of common stock related to settlement of exchangeable senior notes	7	'	'	'	'	'	7	'	'	'
Issuance of common stock related to settlement of exchangeable senior notes (in shares)	'	'	'	'	'	'	684,685	'	'	'
Compensation expense related to stock-based awards	4,356	'	'	'	'	'	'	4,356	'	'
Redemption of Operating Partnership units for common stock	'	'	'	'	-2,479	'	3	2,476	'	'
Redemption of Operating Partnership units for common stock (in shares)	'	'	'	'	'	'	304,817	'	'	'
Issuance of Operating Partnership units in conjunction with portfolio acquisition	429	'	'	'	429	'	'	'	'	'
Redemption of Operating Partnership units for cash	-155	'	'	'	-155	'	'	'	'	'
Net income (loss)	127,689	6,876	'	'	3,473	31	'	'	'	117,309
Other comprehensive income (loss)	-6,587	-61	'	'	-189	'	'	'	-6,337	'
Tax effect from vesting of restricted stock grants and stock option exercises	3,476	'	'	'	'	'	'	3,476	'	'
Distributions to Operating Partnership units held by noncontrolling interests	-9,197	-6,592	'	'	-2,605	'	'	'	'	'
Distributions to other noncontrolling interests	-18	'	'	'	'	-18	'	'	'	'
Dividends paid on common stock at $1.45, $0.85, and $0.56 per share for the year ended December 31st, 2013, 2012 and 2011, respectively	-88,287	'	'	'	'	'	'	'	'	-88,287
Balances at Dec. 31, 2012	1,545,331	29,918	'	'	22,492	1,114	1,107	1,740,037	-14,273	-235,064
Balances (in shares) at Dec. 31, 2012	110,737,205	'	'	'	'	'	110,737,205	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'	'
Issuance of common stock upon the exercise of options	5,896	'	'	'	'	'	4	5,892	'	'
Issuance of common stock upon the exercise of options (in shares)	'	'	'	'	'	'	391,543	'	'	'
Restricted stock grants issued	1	'	'	'	'	'	1	'	'	'
Restricted stock grants issued (in shares)	'	'	'	'	'	'	137,602	'	'	'
Restricted stock grants cancelled (in shares)	'	'	'	'	'	'	-23,323	'	'	'
Issuance of common stock, net of offering costs	205,988	'	'	'	'	'	45	205,943	'	'
Issuance of common stock, net of offering costs (in shares)	'	'	'	'	'	'	4,500,000	'	'	'
Compensation expense related to stock-based awards	4,819	'	'	'	'	'	'	4,819	'	'
Redemption of Operating Partnership units for common stock	'	'	'	'	-260	'	'	260	'	'
Redemption of Operating Partnership units for common stock (in shares)	'	'	'	'	'	'	12,500	'	'	'
Purchase of additional equity interests in existing consolidated joint ventures	-2,489	'	'	'	'	-1,008	'	-1,481	'	'
Noncontrolling interest related to consolidated joint venture	870	'	'	'	'	870	'	'	'	'
Issuance of exchangeable senior notes - equity component	14,496	'	'	'	'	'	'	14,496	'	'
Issuance of Operating Partnership units in conjunction with portfolio acquisition	119,216	'	33,568	17,177	68,471	'	'	'	'	'
Redemption of Operating Partnership units for cash	-41	'	'	'	-41	'	'	'	'	'
Net income (loss)	185,556	7,255	673	78	5,425	49	'	'	'	172,076
Other comprehensive income (loss)	25,335	214	'	'	692	'	'	'	24,429	'
Tax effect from vesting of restricted stock grants and stock option exercises	3,193	'	'	'	'	'	'	3,193	'	'
Distributions to Operating Partnership units held by noncontrolling interests	-13,262	-7,185	-673	-78	-5,326	'	'	'	'	'
Dividends paid on common stock at $1.45, $0.85, and $0.56 per share for the year ended December 31st, 2013, 2012 and 2011, respectively	-163,014	'	'	'	'	'	'	'	'	-163,014
Balances at Dec. 31, 2013	$1,931,895	$30,202	$33,568	$17,177	$91,453	$1,025	$1,157	$1,973,159	$10,156	($226,002)
Balances (in shares) at Dec. 31, 2013	115,755,527	'	'	'	'	'	115,755,527	'	'	'

Consolidated_Statements_of_Sto1

Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Consolidated Statements of Stockholders' Equity	'	'	'
Dividends paid on common stock, per share	$1.45	$0.85	$0.56

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:	'	'	'
Net income	$185,556	$127,689	$58,423
Adjustments to reconcile net income to net cash provided by operating activities:	'	'	'
Depreciation and amortization	95,232	74,453	58,014
Amortization of deferred financing costs	5,997	5,889	5,583
Loss on extinguishment of debt related to portfolio acquisition	9,153	'	'
Gain on sale of real estate assets	-960	'	'
Non-cash interest expense related to amortization of discount on exchangeable senior notes	1,404	444	1,761
Non-cash interest expense related to amortization of premium on notes payable	-1,194	-1,270	'
Compensation expense related to stock-based awards	4,819	4,356	5,757
Gain on purchase of joint venture partners' interests	-46,032	-23,670	'
Distributions from unconsolidated real estate ventures in excess of earnings	4,838	2,581	7,008
Changes in operating assets and liabilities:	'	'	'
Receivables from related parties and affiliated real estate joint ventures	1,277	7,439	-8,634
Other assets	8,725	8,746	7,533
Accounts payable and accrued expenses	8,302	7,220	9,837
Other liabilities	-5,858	2,002	-1,118
Net cash provided by operating activities	271,259	215,879	144,164
Cash flows from investing activities:	'	'	'
Acquisition, development and redevelopment of real estate assets	-356,425	-605,486	-202,019
Proceeds from sale of real estate assets	6,964	'	'
Investments in unconsolidated real estate ventures	-1,516	-1,423	-4,088
Return of investment in unconsolidated real estate ventures	'	2,421	4,614
Change in restricted cash	-4,475	8,792	4,730
Purchase/issuance of notes receivable	-5,000	-7,875	-50,140
Purchase of equipment and fixtures	-6,524	-3,367	-5,016
Net cash used in investing activities	-366,976	-606,938	-251,919
Cash flows from financing activities:	'	'	'
Proceeds from the sale of common stock, net of offering costs	205,988	429,588	112,349
Net proceeds from issuance of exchangeable senior notes	246,250	'	'
Proceeds from notes payable and lines of credit	582,185	1,074,263	475,487
Principal payments on notes payable and lines of credit, including defeasance	-664,372	-921,831	-452,347
Deferred financing costs	-7,975	-11,607	-6,197
Repurchase of exchangeable senior notes	'	-87,663	'
Redemption of Operating Partnership units held by noncontrolling interest	-41	-155	-271
Net proceeds from exercise of stock options	5,896	10,267	18,622
Dividends paid on common stock	-163,014	-88,287	-52,027
Distributions to noncontrolling interests	-13,262	-9,215	-8,127
Net cash provided by financing activities	191,655	395,360	87,489
Net increase (decrease) in cash and cash equivalents	95,938	4,301	-20,266
Cash and cash equivalents, beginning of the period	30,785	26,484	46,750
Cash and cash equivalents, end of the period	126,723	30,785	26,484
Supplemental schedule of cash flow information	'	'	'
Interest paid, net of amounts capitalized	65,511	65,687	61,726
Income taxes paid	1,916	831	665
Redemption of Operating Partnership units held by noncontrolling interests for common stock:	'	'	'
Noncontrolling interests in Operating Partnership	260	2,479	2,344
Common stock and paid-in capital	-260	-2,479	-2,344
Tax effect from vesting of restricted stock grants and stock option exercises	'	'	'
Other assets	3,193	3,476	2,199
Paid-in capital	-3,193	-3,476	-2,199
Acquisitions of real estate assets	'	'	'
Real estate assets, net	331,230	159,297	137,177
Notes payable assumed	-110,803	-150,284	-132,327
Notes payable assumed and immediately defeased	-98,960	'	'
Notes payable issued to seller	'	-8,584	-4,850
Value of Operating Partnership units issued	-119,216	-429	'
Receivables from related parties and affiliated joint ventures	($2,251)	'	'

DESCRIPTION_OF_BUSINESS

DESCRIPTION OF BUSINESS	12 Months Ended
DESCRIPTION OF BUSINESS	Dec. 31, 2013
DESCRIPTION OF BUSINESS	'
DESCRIPTION OF BUSINESS	'

	1. DESCRIPTION OF BUSINESS

	Extra Space Storage Inc. (the "Company") is a fully integrated, self-administered and self-managed real estate investment trust ("REIT"), formed as a Maryland Corporation on April 30, 2004, to own, operate, manage, acquire, develop and redevelop professionally managed self-storage facilities located throughout the United States. The Company continues the business of Extra Space Storage LLC and its subsidiaries, which had engaged in the self-storage business since 1977. The Company's interest in its properties is held through its operating partnership, Extra Space Storage LP (the "Operating Partnership"), which was formed on May 5, 2004. The Company's primary assets are general partner and limited partner interests in the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT, or UPREIT. The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"). To the extent the Company continues to qualify as a REIT, it will not be subject to tax, with certain limited exceptions, on the taxable income that is distributed to its stockholders.

	The Company invests in self-storage facilities by acquiring wholly-owned facilities or by acquiring an equity interest in real estate entities. At December 31, 2013, the Company had direct and indirect equity interests in 779 storage facilities. In addition, the Company managed 250 properties for third parties bringing the total number of properties which it owns and/or manages to 1,029. These properties are located in 35 states, Washington, D.C. and Puerto Rico.

	The Company operates in three distinct segments: (1) rental operations; (2) tenant reinsurance; and (3) property management, acquisition and development. The rental operations activities include rental operations of self-storage facilities in which we have an ownership interest. No single tenant accounts for more than 5% of rental income. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company's self-storage facilities. The Company's property management, acquisition and development activities include managing, acquiring, developing and selling self-storage facilities.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'

	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of Presentation

	The consolidated financial statements are presented on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles ("GAAP") and include the accounts of the Company and its wholly- or majority- owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

	Variable Interest Entities

	The Company accounts for arrangements that are not controlled through voting or similar rights as variable interest entities ("VIEs"). An enterprise is required to consolidate a VIE if it is the primary beneficiary of the VIE. A VIE is created when (i) the equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support from other parties, or (ii) the entity's equity holders as a group either: (a) lack the power, through voting or similar rights, to direct the activities of the entity that most significantly impact the entity's economic performance, (b) are not obligated to absorb expected losses of the entity if they occur, or (c) do not have the right to receive expected residual returns of the entity if they occur. If an entity is deemed to be a VIE, the enterprise that is deemed to have a variable interest, or combination of variable interests, that provides the enterprise with a controlling financial interest in the VIE, is considered the primary beneficiary and must consolidate the VIE.

	The Company has concluded that under certain circumstances when the Company (1) enters into option agreements for the purchase of land or facilities from an entity and pays a non-refundable deposit, or (2) enters into arrangements for the formation of joint ventures, a VIE may be created under condition (i), (ii) (b) or (c) of the previous paragraph. For each VIE created, the Company has performed a qualitative analysis, including considering which party, if any, has the power to direct the activities most significant to the economic performance of each VIE and whether that party has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. If the Company is determined to be the primary beneficiary of the VIE, the assets, liabilities and operations of the VIE are consolidated with the Company's financial statements. Additionally, the Operating Partnership has notes payable to three trusts that are VIEs under condition (ii)(a) above. Since the Operating Partnership is not the primary beneficiary of the trusts, these VIEs are not consolidated.

	The Company's investments in real estate joint ventures, where the Company has significant influence, but not control, and joint ventures which are VIEs in which the Company is not the primary beneficiary, are recorded under the equity method of accounting on the accompanying consolidated financial statements.

	Use of Estimates

	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

	Reclassifications

	Certain amounts in the 2012 and 2011 financial statements and supporting note disclosures have been reclassified to conform to the current year presentation. Such reclassifications did not impact previously reported net income or accumulated deficit.

	Fair Value Disclosures

	Derivative financial instruments

	Currently, the Company uses interest rate swaps to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate forward curves.

	The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. In conjunction with the Financial Accounting Standard Board's fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.

	Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of December 31, 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

	The table below presents the Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2013, aggregated by the level in the fair value hierarchy within which those measurements fall.


						Fair Value Measurements at
						Reporting Date Using
	Description		December 31,			Quoted Prices			Significant			Significant
			2013			in Active			Other			Unobservable
						Markets for			Observable			Inputs
						Identical			Inputs			(Level 3)
						Assets (Level 1)			(Level 2)
	Other assets—Cash Flow Hedge Swap Agreements		$	13,630		$	—		$	13,630		$	—
	Other liabilities—Cash Flow Hedge Swap Agreements		$	(3,684	)	$	—		$	(3,684	)	$	—

	There were no transfers of assets and liabilities between Level 1 and Level 2 during the year ended December 31, 2013. The Company did not have any significant assets or liabilities that are re-measured on a recurring basis using significant unobservable inputs as of December 31, 2013 or 2012.

	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

	Long-lived assets held for use are evaluated by the Company for impairment when events or circumstances indicate that there may be impairment. The Company reviews each self-storage facility at least annually to determine if any such events or circumstances have occurred or exist. The Company focuses on facilities where occupancy and/or rental income have decreased by a significant amount. For these facilities, the Company determines whether the decrease is temporary or permanent and whether the facility will likely recover the lost occupancy and/or revenue in the short term. In addition, the Company reviews facilities in the lease-up stage and compares actual operating results to original projections.

	When the Company determines that an event that may indicate impairment has occurred, the Company compares the carrying value of the related long-lived assets to the undiscounted future net operating cash flows attributable to the assets. An impairment loss is recorded if the net carrying value of the assets exceeds the undiscounted future net operating cash flows attributable to the assets. The impairment loss recognized equals the excess of net carrying value over the related fair value of the assets.

	When real estate assets are identified by management as held for sale, the Company discontinues depreciating the assets and estimates the fair value of the assets, net of selling costs. If the estimated fair value, net of selling costs, of the assets that have been identified for sale is less than the net carrying value of the assets, then a valuation allowance is established. The operations of assets held for sale or sold during the period are generally presented as discontinued operations for all periods presented.

	The Company assesses whether there are any indicators that the value of the Company's investments in unconsolidated real estate ventures may be impaired annually and when events or circumstances indicate that there may be impairment. An investment is impaired if management's estimate of the fair value of the investment is less than its carrying value. To the extent impairment has occurred, and is considered to be other than temporary, the loss is measured as the excess of the carrying amount of the investment over the fair value of the investment.

	As of December 31, 2013 and 2012, the Company did not have any assets or liabilities measured at fair value on a nonrecurring basis.

	Fair Value of Financial Instruments

	The carrying values of cash and cash equivalents, restricted cash, receivables, other financial instruments included in other assets, accounts payable and accrued expenses, variable-rate notes payable, lines of credit and other liabilities reflected in the consolidated balance sheets at December 31, 2013 and 2012, approximate fair value.

The fair values of the Company's note receivable from Preferred Operating Partnership unit holders was based on the discounted estimated future cash flows of the note (categorized within Level 3 of the fair value hierarchy); the discount rate used approximated the current market rate for loans with similar maturities and credit quality. The fair values of the Company's fixed rate notes payable and notes payable to trusts were estimated using the discounted estimated future cash payments to be made on such debt (categorized within Level 3 of the fair value hierarchy); the discount rates used approximated current market rates for loans, or groups of loans, with similar maturities and credit quality. The fair value of the Company's exchangeable senior notes was estimated using an average market price for similar securities obtained from a third party.

The fair values of the Company's fixed-rate assets and liabilities were as follows for the periods indicated:


		December 31, 2013						December 31, 2012
		Fair			Carrying			Fair			Carrying
		Value			Value			Value			Value
Note receivable from Preferred Operating Partnership unit holders		$	103,491		$	100,000		$	108,138		$	100,000
Fixed rate notes payable and notes payable to trusts		$	1,365,290		$	1,368,885		$	1,342,957		$	1,275,605
Exchangeable senior notes		$	251,103		$	250,000		$	—		$	—

Real Estate Assets

Real estate assets are stated at cost, less accumulated depreciation. Direct and allowable internal costs associated with the development, construction, renovation, and improvement of real estate assets are capitalized. Interest, property taxes, and other costs associated with development incurred during the construction period are capitalized. The construction period begins when expenditures for the real estate assets have been made and activities that are necessary to prepare the asset for its intended use are in progress. The construction period ends when the asset is substantially complete and ready for its intended use. Capitalized interest during the years ended December 31, 2013, 2012 and 2011, was $0, $0 and $752, respectively.

Expenditures for maintenance and repairs are charged to expense as incurred. Major replacements and betterments that improve or extend the life of the asset are capitalized and depreciated over their estimated useful lives. Depreciation is computed using the straight-line method over the estimated useful lives of the buildings and improvements, which are generally between five and 39 years.

In connection with the Company's acquisition of self-storage facilities, the purchase price is allocated to the tangible and intangible assets and liabilities acquired based on their fair values, which are estimated using significant unobservable inputs. The value of the tangible assets, consisting of land and buildings, are determined as if vacant. Intangible assets, which represent the value of existing tenant relationships, are recorded at their fair values based on the avoided cost to replace the current leases. The Company measures the value of tenant relationships based on the rent lost due to the amount of time required to replace existing customers which is based on the Company's historical experience with turnover in its facilities. Debt assumed as part of an acquisition is recorded at fair value based on current interest rates compared to contractual rates. Acquisition-related transaction costs are expensed as incurred.

Intangible lease rights represent: (1) purchase price amounts allocated to leases on three properties that cannot be classified as ground or building leases; these rights are amortized to expense over the life of the leases and (2) intangibles related to ground leases on five properties where the leases were assumed by the Company at rates that were lower than the current market rates for similar leases. The values associated with these assumed leases were recorded as intangibles, which will be amortized over the lease terms.

Investments in Real Estate Ventures

The Company's investments in real estate joint ventures, where the Company has significant influence, but not control and joint ventures which are VIEs in which the Company is not the primary beneficiary, are recorded under the equity method of accounting in the accompanying consolidated financial statements.

Under the equity method, the Company's investment in real estate ventures is stated at cost and adjusted for the Company's share of net earnings or losses and reduced by distributions. Equity in earnings of real estate ventures is generally recognized based on the Company's ownership interest in the earnings of each of the unconsolidated real estate ventures. For the purposes of presentation in the statement of cash flows, the Company follows the "look through" approach for classification of distributions from joint ventures. Under this approach, distributions are reported under operating cash flow unless the facts and circumstances of a specific distribution clearly indicate that it is a return of capital (e.g., a liquidating dividend or distribution of the proceeds from the joint venture's sale of assets), in which case it is reported as an investing activity.

Cash and Cash Equivalents

The Company's cash is deposited with financial institutions located throughout the United States and at times may exceed federally insured limits. The Company considers all highly liquid debt instruments with a maturity date of three months or less to be cash equivalents.

Restricted Cash

Restricted cash is comprised of letters of credit and escrowed funds deposited with financial institutions located throughout the United States relating to earnest money deposits on potential acquisitions, real estate taxes, insurance and capital expenditures.

Other Assets

Other assets consist primarily of equipment and fixtures, deferred financing costs, customer accounts receivable, investments in trusts, other intangible assets, income taxes receivable, deferred tax assets, prepaid expenses and the fair value of interest rate swaps. Depreciation of equipment and fixtures is computed on a straight-line basis over three to five years. Deferred financing costs are amortized to interest expense using the effective interest method over the terms of the respective debt agreements.

Derivative Instruments and Hedging Activities

The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

The Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.

Risk Management and Use of Financial Instruments

In the normal course of its ongoing business operations, the Company encounters economic risk. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk on its interest-bearing liabilities. Credit risk is the risk of inability or unwillingness of tenants to make contractually required payments. Market risk is the risk of declines in the value of properties due to changes in rental rates, interest rates or other market factors affecting the value of properties held by the Company. The Company has entered into interest rate swap agreements to manage a portion of its interest rate risk.

Exchange of Common Operating Partnership Units

Redemption of common Operating Partnership units for share of common stock, when redeemed under the original provisions of the Operating Partnership agreement, are accounted for by reclassifying the underlying net book value of the units from noncontrolling interest to the Company's equity. The difference between the fair value of the consideration paid and the adjustment to the carrying amount of the noncontrolling interest is recognized as additional paid in capital for the Company.

Revenue and Expense Recognition

Rental revenues are recognized as earned based upon amounts that are currently due from tenants. Leases are generally on month-to-month terms. Prepaid rents are recognized on a straight-line basis over the term of the leases. Promotional discounts are recognized as a reduction to rental income over the promotional period. Late charges, administrative fees, merchandise sales and truck rentals are recognized as income when earned. Management fee revenues are recognized monthly as services are performed and in accordance with the terms of the related management agreements. Equity in earnings of unconsolidated real estate entities is recognized based on our ownership interest in the earnings of each of the unconsolidated real estate entities. Interest income is recognized as earned.

Property expenses, including utilities, property taxes, repairs and maintenance and other costs to manage the facilities are recognized as incurred. The Company accrues for property tax expense based upon invoice amounts, estimates and historical trends. If these estimates are incorrect, the timing of expense recognition could be affected.

Tenant reinsurance premiums are recognized as revenue over the period of insurance coverage. The Company records an unpaid claims liability at the end of each period based on existing unpaid claims and historical claims payment history. The unpaid claims liability represents an estimate of the ultimate cost to settle all unpaid claims as of each period end, including both reported but unpaid claims and claims that may have been incurred but have not been reported. The Company uses a third party claims administrator to adjust all tenant reinsurance claims received. The administrator evaluates each claim to determine the ultimate claim loss and includes an estimate for claims that may have been incurred but not reported. Annually, a third party actuary evaluates the adequacy of the unpaid claims liability. Prior year claim reserves are adjusted as experience develops or new information becomes known. The impact of such adjustments is included in the current period operations. The unpaid claims liability is not discounted to its present value. Each tenant chooses the amount of insurance coverage they want through the tenant reinsurance program. Tenants can purchase policies in amounts of two thousand dollars to ten thousand dollars of insurance coverage in exchange for a monthly fee. As of December 31, 2013, the average insurance coverage for tenants was approximately two thousand two hundred dollars. The Company's exposure per claim is limited by the maximum amount of coverage chosen by each tenant. The Company purchases reinsurance for losses exceeding a set amount for any one event. The Company does not currently have any amounts recoverable under the reinsurance arrangements.

Real Estate Sales

In general, sales of real estate and related profits/losses are recognized when all consideration has changed hands and risks and rewards of ownership have been transferred. Certain types of continuing involvement preclude sale treatment and related profit recognition; other forms of continuing involvement allow for sale recognition but require deferral of profit recognition.

Advertising Costs

The Company incurs advertising costs primarily attributable to internet, directory and other advertising. These costs are expensed as incurred. The Company recognized $6,482, $6,026, and $5,958 in advertising expense for the years ended December 31, 2013, 2012 and 2011, respectively.

Income Taxes

The Company has elected to be treated as a REIT under Sections 856 through 860 of the Internal Revenue Code. In order to maintain its qualification as a REIT, among other things, the Company is required to distribute at least 90% of its REIT taxable income to its stockholders and meet certain tests regarding the nature of its income and assets. As a REIT, the Company is not subject to federal income tax with respect to that portion of its income which meets certain criteria and is distributed annually to stockholders. The Company plans to continue to operate so that it meets the requirements for taxation as a REIT. Many of these requirements, however, are highly technical and complex. If the Company were to fail to meet these requirements, it would be subject to federal income tax. The Company is subject to certain state and local taxes. Provision for such taxes has been included in income tax expense on the Company's consolidated statements of operations. For the year ended December 31, 2013, 21.4% (unaudited) of all distributions to stockholders qualified as a return of capital.

The Company has elected to treat its corporate subsidiary, Extra Space Management, Inc. ("ESMI"), as a taxable REIT subsidiary ("TRS"). In general, the Company's TRS may perform additional services for tenants and may engage in any real estate or non-real estate related business. A TRS is subject to corporate federal income tax. ESM Reinsurance Limited, a wholly-owned subsidiary of ESMI, generates income from insurance premiums that are subject to corporate federal income tax and state insurance premiums tax.

Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities. At December 31, 2013 and 2012, there were no material unrecognized tax benefits. Interest and penalties relating to uncertain tax positions will be recognized in income tax expense when incurred. As of December 31, 2013 and 2012, the Company had no interest or penalties related to uncertain tax provisions.

Stock-Based Compensation

The measurement and recognition of compensation expense for all share-based payment awards to employees and directors are based on estimated fair values. Awards granted are valued at fair value and any compensation element is recognized on a straight line basis over the service periods of each award.

Earnings Per Common Share

Basic earnings per common share is computed by dividing net income attributable to common stockholders by the weighted average number of shares outstanding during the period. All outstanding unvested restricted stock awards contain rights to non-forfeitable dividends and participate in undistributed earnings with common stockholders; accordingly, they are considered participating securities that are included in the two-class method of computing basic earnings per common share. Diluted earnings per common share measures the performance of the Company over the reporting period while giving effect to all potential common shares that were dilutive and outstanding during the period. The denominator includes the weighted average number of basic shares and the number of additional weighted average common shares that would have been outstanding if the potential common shares that were dilutive had been issued, and is calculated using either the treasury stock or as if-converted method. Potential common shares are securities (such as options, convertible debt, redeemable Series A Participating Redeemable Preferred Units ("Series A Units"), Series B Redeemable Preferred Units, ("Series B Units"), redeemable and convertible Series C Convertible Redeemable Preferred Units ("Series C Units") and redeemable Operating Partnership units ("OP Units")) that do not have a current right to participate in earnings but could do so in the future by virtue of their option, or redemption right. In computing the dilutive effect of convertible securities, net income is adjusted to add back any changes in earnings in the period associated with the convertible security. The numerator also is adjusted for the effects of any other non-discretionary changes in income or loss that would result from the assumed conversion of those potential common shares. In computing diluted earnings per common share, only potential common shares that are dilutive (those that reduce earnings per share) are included. For the years ended December 31, 2013, 2012 and 2011, options to purchase approximately 44,958 shares, 57,335 shares and 107,523 shares of common stock, respectively, were excluded from the computation of earnings per share as their effect would have been anti-dilutive. As of December 31, 2013, 3,334,956 OP Units, 257,266 Series B Units, and 33,202 Series C Units were excluded from the computation of earnings per share as their effect would have been anti-dilutive. As of December 31, 2012 and 2011, 2,755,650 OP Units and 3,049,935 OP Units, respectively, were excluded from the computation of earnings per share as their effect would have been anti-dilutive.

The Company's Operating Partnership had $250,000 of its 2.375% Exchangeable Senior Notes due 2033 (the "Notes due 2033") issued and outstanding as of December 31, 2013. The Notes due 2033 could potentially have a dilutive impact on the Company's earnings per share calculations. The Notes due 2033 are exchangeable by holders into shares of the Company's common stock under certain circumstances per the terms of the indenture governing the Notes due 2033. The exchange price of the Notes due 2033 was $55.69 per share as of December 31, 2013, and could change over time as described in the indenture. The Company has irrevocably agreed to pay only cash for the accreted principal amount of the Notes due 2033 relative to its exchange obligations, but retained the right to satisfy the exchange obligation in excess of the accreted principal amount in cash and/or common stock. Though the Company has retained that right, Accounting Standards Codification ("ASC") 260, "Earnings per Share," requires an assumption that shares would be used to pay the exchange obligation in excess of the accreted principal amount, and requires that those shares be included in the Company's calculation of weighted average common shares outstanding for the diluted earnings per share computation. For the year ended December 31, 2013, no shares related to the Notes due 2033 were included in the computation for diluted earnings per share as the per share price of the Company's common stock during this period did not exceed the exchange price.

The Company's Operating Partnership had $87,663 of Exchangeable Senior Notes due 2027 (the "Notes due 2027") that were surrendered for exchange in April 2012. Prior to their exchange, the Notes due 2027 could potentially have had a dilutive effect on the Company's earnings per share calculations. The Notes due 2027 were exchangeable by holders into cash and shares of the Company's common stock under certain circumstances per the terms of the indenture governing the Notes due 2027 and at the time prior to surrender had an exchange price of $23.20 per share. The Company had irrevocably agreed to pay only cash for the accreted principal amount of the Notes due 2027 relative to its exchange obligations, but retained the right to satisfy the exchange obligations in excess of the accreted principal amount in cash and/or common stock. Though the Company retained that right, ASC 260 required an assumption that shares would be used to pay the exchange obligations in excess of the accreted principal amount, and required that those shares be included in the Company's calculation of weighted average common shares outstanding for the diluted earnings per share computation. No shares were included in the diluted share calculation for the year ended December 31, 2011 as the stock price during this time did not exceed the exchange price. No shares were included for the year ended December 31, 2012 as the Notes due 2027 were no longer outstanding.

For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series A Units for common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the positive intent and ability to settle at least $115,000 of the instrument in cash (or net settle a portion of the Series A Units against the related outstanding note receivable), only the amount of the instrument in excess of $115,000 is considered in the calculation of shares contingently issuable for the purposes of computing diluted earnings per share as allowed by ASC 260-10-45-46.

For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series B Units for common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series B Units outstanding as of December 31, 2013 of $33,568 by the closing price of the Company's common stock as of December 31, 2013 of $42.13 per share. Assuming full exchange for common shares as of December 31, 2013, 796,776 shares would have been issued to the holders of the Series B Units.

For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series C Units into common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series C Units outstanding as of December 31, 2013 of $17,177 by the closing price of the Company's common stock as of December 31, 2013 of $42.13 per share. Assuming full exchange for common shares as of December 31, 2013, 407,705 shares would have been issued to the holders of the Series C Units.

The computation of earnings per share is as follows for the periods presented:


		For the Year Ended December 31,
		2013			2012			2011
Net income attributable to common stockholders		$	172,076		$	117,309		$	50,449
Earnings and dividends allocated to participating securities			(567	)		(279	)		(365	)


Earnings for basic computations			171,509			117,030			50,084
Earnings and dividends allocated to participating securities			567			279			365
Add: Income allocated to noncontrolling interest—Preferred Operating Partnership and Operating Partnership			7,255			6,876			6,289
Subtract: Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership			(5,750	)		(5,750	)		(5,750	)


Net income for diluted computations		$	173,581		$	118,435		$	50,988




Weighted average common shares outstanding:
Average number of common shares outstanding—basic			111,349,361			101,766,385			91,301,265
Series A Units			989,980			989,980			989,980
Dilutive and cancelled stock options and restricted stock awards			765,753			1,011,000			1,342,328


Average number of common shares outstanding—diluted			113,105,094			103,767,365			93,633,573
Earnings per common share
Basic		$	1.54		$	1.15		$	0.55
Diluted		$	1.53		$	1.14		$	0.54

Recently Issued Accounting Standards

In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-02 "Comprehensive Income—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income," which supersedes and replaces the presentation requirements for reclassifications out of accumulated other comprehensive income in ASUs 2011-05 and 2011-12. The amendment requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. ASU 2013-02 was effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012. The Company adopted the amended standard beginning January 1, 2013 and presents accumulated other comprehensive income in accordance with the requirements of the standard.

REAL_ESTATE_ASSETS

REAL ESTATE ASSETS	12 Months Ended
REAL ESTATE ASSETS	Dec. 31, 2013
REAL ESTATE ASSETS	'
REAL ESTATE ASSETS	'

	3. REAL ESTATE ASSETS

	The components of real estate assets are summarized as follows:


		December 31, 2013			December 31, 2012
	Land—operating	$	1,009,500		$	755,565
	Land—development		10,421			12,050
	Buildings and improvements		3,032,218			2,551,886
	Intangible assets—tenant relationships		65,811			51,355
	Intangible lease rights		8,698			8,656


			4,126,648			3,379,512
	Less: accumulated depreciation and amortization		(496,754	)		(391,928	)


	Net operating real estate assets		3,629,894			2,987,584
	Real estate under development/redevelopment		6,650			4,138


	Net real estate assets	$	3,636,544		$	2,991,722




	Real estate assets held for sale included in net real estate assets	$	5,625		$	8,600





	The Company amortizes to expense intangible assets—tenant relationships on a straight-line basis over the average period that a tenant is expected to utilize the facility (currently estimated at 18 months). The Company amortizes to expense the intangible lease rights over the terms of the related leases. Amortization related to the tenant relationships and lease rights was $12,065, $7,177 and $2,633, for the years ended December 31, 2013, 2012 and 2011, respectively. The remaining balance of the unamortized lease rights will be amortized over the next 5 to 49 years.

	Real estate assets held for sale included in net real estate assets as of December 31, 2013 are recorded at fair value and consist of undeveloped land.

PROPERTY_ACQUISITIONS_AND_DISP

PROPERTY ACQUISITIONS AND DISPOSITIONS	12 Months Ended
PROPERTY ACQUISITIONS AND DISPOSITIONS	Dec. 31, 2013
PROPERTY ACQUISITIONS AND DISPOSITIONS	'
PROPERTY ACQUISITIONS AND DISPOSITIONS	'

	4. PROPERTY ACQUISITIONS AND DISPOSITIONS

	The following table shows the Company's acquisition of operating properties for the years ended December 31, 2013 and 2012, and does not include purchases of raw land or improvements made to existing assets:


						Consideration Paid																				Acquisition Date Fair Value
	Property Location		Number of	Date of		Total		Cash Paid		Loan		Non-cash		Notes		Previous			Net			Value of		Number of		Land		Building		Intangible		Closing		Notes
			Properties	Acquisition						Assumed		gain		Issued		equity			Liabilities/			OP Units		OP Units								costs—
														to/from		interest			(Assets) Assumed			Issued		Issued								expensed
														Seller
	Texas		1	12/9/13		$	4,616	$	4,610	$	—	$	—	$	—	$	—		$	6		$	—		—	$	2,033	$	2,495	$	70	$	18
	Hawaii		1	12/6/13			8,029		7,987		—		—		—		—			42			—		—		—		7,776		218		35
	California		2	12/3/13			24,334		16,588		—		4,208		—		(1,263	)		67			4,734		112,446		6,061		15,402		392		2,479	-1
	California		6	12/2/13			48,514		26,114		4,342		5,131		—		311			173			12,443		295,550		8,859		38,347		864		444	-1
	Florida		2	11/8/13			27,547		27,572		—		—		—		—			(25	)		—		—		3,909		23,221		374		43
	Florida		1	11/7/13			10,500		10,460		—		—		—		—			40			—		—		2,108		8,028		161		203
	Various states		16	11/4/13			96,711		98,424		—		—		—		—			(1,713	)		—		—		24,248		70,160		1,874		429
	Various states		19	11/1/13			187,825		43,475		99,339		34,137		—		12,373			(1,499	)		—		—		85,123		99,500		3,203		1	-2
	Georgia		1	10/15/13			12,414		12,382		—		—		—		—			32			—		—		1,773		10,456		174		11
	North Carolina		1	10/15/13			5,535		5,519		—		—		—		—			16			—		—		3,614		1,788		126		7
	California		1	9/26/13			10,928		4,791		—		—		—		—			51			6,086		177,107		3,138		7,429		181		180	-3
	California		19	8/29/13			186,427		96,085		—		—		—		—			519			89,823		2,613,728		100,446		81,830		2,997		1,154	-3
	Arizona		2	7/25/13			9,313		9,183		—		—		—		—			130			—		—		2,001		7,110		192		10
	Maryland		1	6/10/13			13,688		419		7,122		—		—		—			17			6,130		143,860		2,160		11,340		—		188
	Texas		1	5/8/13			7,104		7,057		—		—		—		—			47			—		—		1,374		5,636		86		8
	Hawaii		2	5/3/13			27,560		27,491		—		—		—		—			69			—		—		5,991		20,976		438		155
	Illinois		1	2/13/13			11,083		7,592		—		341		2,251		1,173			(274	)		—		—		1,318		9,485		190		90
	Maryland		1	2/13/13			12,321		8,029		—		2,215		—		2,273			(196	)		—		—		1,266		10,789		260		6


	2013 Totals		78			$	704,449	$	413,778	$	110,803	$	46,032	$	2,251	$	14,867		$	(2,498	)	$	119,216		3,342,691	$	255,422	$	431,768	$	11,800	$	5,461


	Florida		1	12/28/12		$	4,270	$	4,258	$	—	$	—	$	—	$	—		$	12		$	—		—	$	805	$	3,345	$	95	$	25
	Maryland		1	12/27/12			13,107		10,596		2,692		—		—		—			(181	)		—		—		4,314		8,412		206		175
	Arizona		1	12/27/12			8,667		8,608		—		—		—		—			59			—		—		2,973		5,545		141		8
	Florida		2	12/27/12			8,766		142		—		—		8,584		—			40			—		—		1,597		6,862		215		92	-4
	Florida		1	12/3/12			4,273		4,254		—		—		—		—			19			—		—		1,133		3,017		99		24
	Various states		21	11/30/12			164,566		140,513		—		10,171		—		14,184			(302	)		—		—		41,988		119,681		2,881		16	-5
	New Jersey		4	11/30/12			39,336		39,283		—		—		—		—			53			—		—		10,920		26,712		825		879
	Massachusetts		1	11/9/12			9,011		8,994		—		—		—		—			17			—		—		3,115		5,684		190		22
	Utah		1	9/28/12			7,410		7,322		—		—		—		—			88			—		—		2,063		5,202		132		13	-6
	Virginia		1	9/20/12			6,884		6,850		—		—		—		—			34			—		—		1,172		5,562		119		31
	New Jersey		1	8/28/12			13,678		13,678		—		—		—		—			—			—		—		1,511		11,732		241		194
	New Jersey		1	8/23/12			9,091		9,099		—		—		—		—			(8	)		—		—		2,144		6,660		158		129
	New Jersey		1	8/23/12			15,475		15,431		—		—		—		—			44			—		—		1,890		13,112		269		204
	New York		1	8/10/12			15,300		15,377		—		—		—		—			(77	)		—		—		2,800		12,173		269		58
	Texas		2	8/10/12			9,948		9,775		—		—		—		—			173			—		—		4,869		4,826		241		12
	California		1	7/26/12			4,860		2,376		2,592		—		—		—			(108	)		—		—		2,428		2,317		93		22
	South Carolina		1	7/19/12			4,651		4,621		—		—		—		—			30			—		—		1,784		2,755		107		5
	New Jersey, New York		6	7/18/12			55,622		55,748		—		—		—		—			(126	)		—		—		8,584		45,359		1,227		452
	Colorado		1	7/18/12			7,085		7,038		—		—		—		—			47			—		—		—		6,945		137		3
	Various states		36	7/2/12			322,516		162,705		145,000		13,499		—		3,355			(2,043	)		—		—		67,550		246,133		8,142		691	-7
	Maryland		1	5/31/12			6,501		6,438		—		—		—		—			11			52		1,814		1,185		5,051		147		118
	Florida		3	5/2/12			14,942		14,792		—		—		—		—			150			—		—		1,933		12,682		321		6
	Maryland		1	3/7/12			6,284		5,886		—		—		—		—			21			377		14,193		465		5,600		128		91
	Texas		1	2/29/12			9,405		9,323		—		—		—		—			82			—		—		1,036		8,133		187		49


	2012 Totals		91			$	761,648	$	563,107	$	150,284	$	23,670	$	8,584	$	17,539		$	(1,965	)	$	429		16,007	$	168,259	$	573,500	$	16,570	$	3,319




-1
This represents the acquisition of eight properties. The Company previously held no equity interest in three of the properties. For the remaining five, the Company acquired its joint venture partners' 65% interests in five joint ventures, each of which held one property in California, resulting in full ownership by the Company. Prior to the acquisition date the Company accounted for its 35% interests in these joint ventures as equity-method investments. The total acquisition date fair value of the previous equity interests was approximately $8,400 and is included as consideration transferred. The Company recognized non-cash gains of $9,340 as a result of re-measuring its prior equity interests in these joint ventures held before the acquisition. The eight were acquired in exchange for approximately $42,702 of cash and 407,996 Series C Units valued at $17,177.

-2
This represents the acquisition of a joint venture partner's 49% interest in HSRE-ESP IA, LLC ("HSRE"), an existing joint venture, for $43,475 in cash and the assumption of a $96,516 loan. The result of this acquisition is that the Company owns a 99% interest in HSRE. The joint venture partner retained a 1% interest, which is included in other noncontrolling interests on the Company's consolidated balance sheets. HSRE owns 19 properties in California, Florida, Nevada, Ohio, Pennsylvania, Tennessee, Texas and Virginia. Prior to the acquisition date, the Company accounted for its 50% interest in the joint venture as an equity-method investment. The acquisition date fair value of the previous equity interest was approximately $43,500 which was calculated based on the fair value of the assets in the joint venture, and is included as consideration transferred. The Company recognized a non-cash gain of $34,137 as a result of re-measuring its prior equity interest in HSRE held before the acquisition. The properties are now consolidated as the Company owns the majority interest in the joint venture. A premium of $2,823 on the debt assumed was recorded in order to record the loan at fair value on the date of purchase. This premium is included in premiums on notes payable in the consolidated balance sheets and will be amortized to interest expense over the remaining term of the loan.

-3
On August 29, 2013, the Operating Partnership completed the purchase of 19 out of 20 self-storage facilities affiliated with All Aboard Mini Storage, all of which are located in California. On September 26, 2013, the Operating Partnership completed the purchase of the remaining facility. These properties were acquired in exchange for $100,876 in cash (including $98,960 of debt assumed and immediately defeased at closing), 1,342,727 Series B Units valued at $33,568 and 1,448,108 common OP Units valued at $62,341. In accordance with ASC 805, "Business Combinations," the assumed debt was recorded at its fair value as of the closing date. The difference between the price paid to extinguish the debt, which included $9,153 of defeasance costs, and the carrying value of the debt was recorded as loss on extinguishment of debt related to portfolio acquisition on the Company's Consolidated Statements of Operations.

-4
On May 1, 2012, the Company purchased two notes receivable from Capmark Bank for a total of $7,875. These receivables were due from Spacebox Land O'Lakes, LLC and Spacebox North Fort Myers, LLC (collectively, "Spacebox"), a third party. The notes bore interest at 15% per annum. Spacebox owned two self-storage facilities located in Florida that served as collateral for the notes. On December 27, 2012, the Company acquired the two properties owned by Spacebox in exchange for $142 of cash and forgiveness of the notes, which had an outstanding balance at the time of purchase of $8,584, including accrued interest.

-5
This represents the acquisition of the Company's joint venture partner's 80% interest in the Storage Portfolio Bravo II LLC ("SPB II") joint venture, resulting in full ownership by the Company. The joint venture owned 21 properties in eleven states. Prior to the acquisition date, the Company accounted for its 20% interest in the joint venture as an equity-method investment. The acquisition date fair value of the previous equity interest was approximately $31,500 and is included as consideration transferred. The Company recognized a non-cash gain of $10,171 as a result of re-measuring its prior equity interest in SPB II held before the acquisition.

-6
This property was purchased from Sandy Self Storage, LLC, which was partially owned by Kenneth T. Woolley, the son of Kenneth M. Woolley, Executive Chairman.

-7
This represents the acquisition of Prudential Real Estate Investors' ("PREI®") 94.9% interest in the ESS PRISA III LLC joint venture ("PRISA III") that was formed in 2005, resulting in full ownership by the Company. The joint venture owned 36 properties located in 18 states. Prior to the acquisition date, the Company accounted for its 5.1% interest in PRISA III as an equity-method investment. The acquisition date fair value of the previous equity interest was approximately $16,300 and is included as consideration transferred. The Company recognized a non-cash gain of $13,499 as a result of re-measuring its prior equity interest in PRISA III held before the acquisition.

On December 11, 2013, the Company sold 50% of its ownership in a parcel of undeveloped land held for sale located in California for $2,025. The buyer holds their 50% interest as a tenant in common. No gain or loss was recorded as a result of the sale.

On December 6, 2013, the Company sold a property located in Florida for $3,250 in cash. As a result of this transaction, a gain of $160 was recorded.

In June 2013, the Company recorded a gain of $800 due to the condemnation of a portion of land at one self-storage property in California that resulted from eminent domain.

On May 16, 2013, the Company sold a property located in New York for $950. No gain or loss was recorded as a result of the sale.

On July 31, 2012, the Company acquired the land it had previously been leasing associated with a property in Bethesda, Maryland for a cash payment of $3,671.

As noted above, during the year ended December 31, 2013, the Company acquired 78 properties. The following pro forma financial information includes 55 of the 78 properties acquired. Twenty-three properties were excluded as it was impractical to obtain the historical information from the previous owners and in total they represent an immaterial amount of total revenues. The pro forma information is based on the combined historical financial statements of the Company and 55 of the properties acquired, and presents the Company's results as if the acquisitions had occurred as of January 1, 2012:


		2013		2012
Total revenues		$	558,484	$	457,786
Net income attributable to common stockholders		$	189,794	$	132,744
Earnings per common share
Basic		$	1.7	$	1.3
Diluted		$	1.7	$	1.3

The following table summarizes the revenues and earnings related to the acquisitions since the acquisition dates, included in the consolidated income statement for the year ended December 31, 2013:


		For the
		Year Ended
		December 31, 2013
Total revenues		$	17,907
Net income attributable to common stockholders		$	6,132

INVESTMENTS_IN_UNCONSOLIDATED_

INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES	12 Months Ended
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES	Dec. 31, 2013
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES	'
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES	'

	5. INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES

	Investments in unconsolidated real estate ventures consist of the following:


							Investment balance at
			Equity		Excess Profit		December 31,
			Ownership %		Participation %		2013			2012
	Extra Space West One LLC ("ESW")		5%		40%		$	138		$	413
	Extra Space West Two LLC ("ESW II")		5%		40%			4,286			4,404
	Extra Space Northern Properties Six LLC ("ESNPS")		10%		35%			263			626
	Extra Space of Santa Monica LLC ("ESSM")		48%		48%			2,541			2,655
	Clarendon Storage Associates Limited Partnership ("Clarendon")		50%		50%			3,155			3,160
	HSRE-ESP IA, LLC ("HSRE")		99%		99%			—			12,506
	PRISA Self Storage LLC ("PRISA")		2%		17%			10,737			10,972
	PRISA II Self Storage LLC ("PRISA II")		2%		17%			9,143			9,331
	VRS Self Storage LLC ("VRS")		45%		54%			41,810			43,107
	WCOT Self Storage LLC ("WCOT")		5%		20%			4,145			4,315
	Storage Portfolio I LLC ("SP I")		25%		25 - 40%			12,343			12,587
	Extra Space of Eastern Avenue LLC ("Eastern Avenue")		58%		40%			—			2,305
	Extra Space of Montrose Avenue LLC ("Montrose")		39%		50%			—			1,173
	Other unconsolidated real estate ventures		18 - 50%		19 - 50%			(436	)		(1,241	)


							$	88,125		$	106,313



	In these joint ventures, the Company and the joint venture partner generally receive a preferred return on their invested capital. To the extent that cash/profits in excess of these preferred returns are generated through operations or capital transactions, the Company would receive a higher percentage of the excess cash/profits than its equity interest.

	In accordance with ASC 810, the Company reviews all of its joint venture relationships quarterly to ensure that there are no entities that require consolidation. As of December 31, 2013, there were no previously unconsolidated entities that were required to be consolidated as a result of this review.

	On December 2, 2013 and December 3, 2013, the Company acquired its joint venture partners' 65% interests in five joint ventures, each of which held one property in California, resulting in full ownership by the Company. Prior to the acquisition date the Company accounted for its 35% interests in these joint ventures as equity-method investments. The total acquisition date fair value of the previous equity interests was approximately $8,400 and is included as consideration transferred. The Company recognized non-cash gains of $9,340 as a result of re-measuring its prior equity interests in these joint ventures held before the acquisition. These five properties were acquired in exchange for approximately $29,054 of cash and 295,107 Series C Units valued at $12,424. These amounts were previously classified in other minority owned properties in the table above.

	On November 1, 2013, the Company acquired its joint venture partner's 49% interest in HSRE-ESP IA, LLC ("HSRE"), an existing joint venture, for $43,475 in cash and the assumption of a $96,516 loan. The result of this acquisition is that the Company owns a 99% interest in HSRE. The joint venture partner retained a 1% interest, valued at $870, which was recorded at fair value based on the fair value of the assets in the joint venture and is included in other noncontrolling interests on the Company's consolidated balance sheets. HSRE owns 19 properties in various states. The properties are now consolidated as the Company owns the majority interest in the joint venture. Prior to the acquisition date, the Company accounted for its 50% interest in the joint venture as an equity-method investment. The acquisition date fair value of the previous equity interest was approximately $43,500, and is included as consideration transferred. The Company recognized a non-cash gain of $34,137 as a result of re-measuring its prior equity interest in HSRE held before the acquisition.

	On February 13, 2013, the Company acquired its joint venture partner's 48% equity interest in Extra Space of Eastern Avenue LLC ("Eastern Avenue"), which owned one self-storage property located in Maryland, for approximately $5,979. Prior to the acquisition, the remaining 52% interest was owned by the Company, which accounted for its investment in Eastern Avenue using the equity method. The Company recorded a non-cash gain of $2,215 related to this transaction, which represents the increase in fair value of the Company's interest in Eastern Avenue from its formation to the acquisition date.

	On February 13, 2013, the Company acquired its joint venture partner's 61% equity interest in Extra Space of Montrose Avenue LLC ("Montrose"), which owned one self-storage property located in Illinois, for approximately $6,878. Prior to the acquisition, the remaining 39% interest was owned by the Company, which accounted for its investment in Montrose using the equity method. The Company recorded a non-cash gain of $341 related to this transaction, which represents the increase in fair value of the Company's interest in the joint venture from its formation to the acquisition date.

	On December 20, 2012 two joint ventures in which the Company held 20% interests each sold their only self storage properties. Both properties were located in Illinois. As a result of the sale, the joint ventures were dissolved, and the Company received cash proceeds which resulted in a gain of $1,409.

	On November 30, 2012, the Company completed the acquisition of its joint venture partner's 80% interest in SPB II, which owned 21 properties located in eleven states. Prior to the acquisition, the remaining 20% interest was owned by the Company, which accounted for its investment in SPB II using the equity method. Subsequent to the acquisition, the Company had full ownership. GAAP requires an entity that completes a business combination in stages to re-measure its previously held equity interest in the acquiree at its acquisition date fair value and recognize the resulting gain or loss, if any, in earnings. The Company recorded a gain of $10,171 related to this transaction, which represents the increase in fair value of the Company's 20% interest in SPB II from the time the Company purchased its interest in the joint venture to the acquisition date.

	On July 2, 2012, the Company completed the acquisition of PREI®'s 94.9% interest in PRISA III, which was formed in 2005 and owned 36 properties located in 18 states. Prior to the acquisition, the remaining 5.1% interest was owned by the Company, which accounted for its investment in PRISA III using the equity method. Subsequent to the acquisition, the Company had full ownership. GAAP requires an entity that completes a business combination in stages to re-measure its previously held equity interest in the acquiree at its acquisition date fair value and recognize the resulting gain or loss, if any, in earnings. The Company recorded a gain of $13,499 related to this transaction, which represents the increase in fair value of the Company's 5.1% interest in PRISA III from the formation of the joint venture to the acquisition date.

	On February 17, 2012, a joint venture in which the Company held a 40% equity interest sold its only self-storage property. The property was located in New York. As a result of the sale, the joint venture was dissolved, and the Company received cash proceeds which resulted in a gain of $5,550.

	On January 15, 2012, the Company sold its 40% equity interest in U-Storage de Mexico S.A. and related entities to its joint venture partners for $4,841. The Company received cash of $1,492 and a note receivable of $3,349. No gain or loss was recorded on the sale. At December 31, 2013, the balance of the note receivable was $747. The note receivable is due December 15, 2014.

	Equity in earnings of unconsolidated real estate ventures consists of the following:

	Equity in earnings of real estate ventures consists of the following for the periods ended:


			For the Year Ended
			December 31,
			2013			2012			2011
	Equity in earnings of ESW		$	1,406		$	1,263		$	1,156
	Equity in earnings (losses) of ESW II			50			26			(8	)
	Equity in earnings of ESNPS			461			382			338
	Equity in earnings of ESSM			369			314			114
Equity in earnings of Clarendon			516			471			465
Equity in earnings of HSRE			1,428			1,298			388
Equity in earnings of PRISA			890			821			674
Equity in earnings of PRISA II			703			643			530
Equity in earnings of PRISA III			—			187			330
Equity in earnings of VRS			3,464			2,849			2,279
Equity in earnings of WCOT			448			370			92
Equity in earnings (losses) of SP I			1,243			1,103			(116	)
Equity in earnings of SPB II			—			430			301
Equity in earnings of Everest			—			—			88
Equity in earnings of Eastern Avenue			461			157			137
Equity in losses of Montrose			—			(20	)		(46	)
Equity in earnings of other minority owned properties			214			565			565


		$	11,653		$	10,859		$	7,287





Equity in earnings (losses) of ESW II, SP I and SPB II includes the amortization of the Company's excess purchase price of $25,713 of these equity investments over its original basis. The excess basis is amortized over 40 years.

Information (unaudited) related to the real estate ventures' debt at December 31, 2013, is presented below:


		Loan Amount			Current			Debt
		Loan Amount			Interest Rate			Maturity
ESW—Fixed		$	16,700			5	%	Sep-15
ESW II—Swapped to fixed			19,327			3.57	%	Feb-19
ESNPS—Fixed			34,500			5.27	%	Jun-15
ESSM—Variable			11,125			2.19	%	Nov-14
Clarendon—Swapped to fixed			8,024			5.93	%	Sep-18
PRISA			—			—		Unleveraged
PRISA II			—			—		Unleveraged
VRS—Swapped to fixed			52,100			3.34	%	Jul-19
WCOT—Swapped to fixed			87,500			3.34	%	Aug-19
SP I—Fixed			93,994			4.66	%	Apr-18
Other minority owned properties			25,504			Various		Various

Combined, condensed unaudited financial information of ESW, ESW II, ESNPS, PRISA, PRISA II, PRISA III, VRS, WCOT, SP I and SPB II and HSRE as of December 31, 2013 and 2012, and for the years ended December 31, 2013, 2012 and 2011, follows:


		December 31,
Balance Sheets:		2013(a)			2012(a)(b)
Assets:
Net real estate assets		$	1,474,754		$	1,633,402
Other			33,788			33,103


		$	1,508,542		$	1,666,505




Liabilities and members' equity:
Notes payable		$	304,121		$	404,630
Other liabilities			22,040			27,383
Members' equity			1,182,381			1,234,492


		$	1,508,542		$	1,666,505








		For the Year Ended December 31,
Statements of Income:		2013(a)			2012(a)(b)			2011(b)
Rents and other income		$	260,487		$	266,222		$	304,499
Expenses			149,595			164,285			217,114


Net income		$	110,892		$	101,937		$	87,385






(a)
On November 1, 2013 the Company acquired its partner's 49% interest in HSRE as disclosed in Note 4. Property Acquisitions and Dispositions. As such, HSRE is now consolidated on the Company's balance sheet and has been excluded from the 2013 balance sheet table above.

(b)
The income statement information for the years ended December 31, 2012 and 2011 includes results from PRISA III and SPB II, which were acquired by the Company during 2012. Balance sheet information as of December 31, 2013 and 2012 does not include PRISA III or SPB II.

Variable Interests in Unconsolidated Real Estate Joint Ventures:

The Company has an interest in one unconsolidated joint venture with an unrelated third party which is a variable interest entity ("VIE"). The Company holds an 18% equity interest and a 50% profit interest in the VIE joint venture ("VIE JV"), and has 50% of the voting rights in the VIE JV. Qualification as a VIE was based on the determination that the equity investment at risk for the joint venture was not sufficient based on a qualitative and quantitative analysis performed by the Company. The Company performed a qualitative analysis for the joint venture to determine which party was the primary beneficiary of each VIE. The Company determined that since the powers to direct the activities most significant to the economic performance of the entity is shared equally by the Company and its joint venture partner, there is no primary beneficiary. Accordingly, the interest is recorded using the equity method.

The VIE JV owns a single self-storage property. This joint venture is financed through a combination of (1) equity contributions from the Company and its joint venture partner, (2) a primary mortgage note payable and (3) amounts payable to the Company. The amounts payable to the Company consist of amounts owed for expenses paid on behalf of the joint venture by the Company as manager and a secondary mortgage notes payable to the Company. The Company performs management services for the VIE JV in exchange for a management fee of approximately 6% of cash collected by the property. Except as disclosed, the Company has not provided financial or other support during the periods presented to the VIE JV that it was not previously contractually obligated to provide.

The Company guarantees the primary mortgage notes payable of the VIE JV. The Company's maximum exposure to loss for this joint venture as of December 31, 2013, is the total of the guaranteed loan balance, the amounts payable to the Company and the Company's investment balances in the joint venture. The Company believes that the risk of incurring a material loss as a result of having to perform on the loan guarantee is unlikely and, therefore, no liability has been recorded related to this guarantee. Also, repossessing and/or selling the self-storage facility and land that collateralize the loan could provide funds sufficient to reimburse the Company.

The following table compares the liability balance and the maximum exposure to loss related to the Company's VIE JV as of December 31, 2013:


		Liability			Investment			Balance of			Amounts		Maximum		Difference
		Balance			Balance			Guaranteed			Payable to		Exposure
								Loan			the Company		to Loss
Extra Space of Sacramento One LLC		$	—		$	(1,096	)	$	4,307		$	6,283	$	9,494	$	(9,494	)

The Company had no consolidated VIEs for the year ended December 31, 2013.

OTHER_ASSETS

OTHER ASSETS	12 Months Ended
OTHER ASSETS	Dec. 31, 2013
OTHER ASSETS	'
OTHER ASSETS	'

	6. OTHER ASSETS

	The components of other assets are summarized as follows:


		December 31, 2013			December 31, 2012
	Equipment and fixtures	$	21,774		$	15,090
	Less: accumulated depreciation		(12,805	)		(10,223	)
	Other intangible assets		6,460			3,434
	Deferred financing costs, net		21,881			19,783
	Prepaid expenses and deposits		8,355			7,934
	Receivables, net		32,025			19,881
	Investments in Trusts		3,590			3,590
	Income taxes receivable		1,845			3,609
	Fair value of interest rate swaps		13,630			—
	Deferred tax asset		—			3,505


		$	96,755		$	66,603

NOTES_PAYABLE

NOTES PAYABLE	12 Months Ended
NOTES PAYABLE	Dec. 31, 2013
NOTES PAYABLE	'
NOTES PAYABLE	'

	7. NOTES PAYABLE

	The components of notes payable are summarized as follows:


		December 31, 2013		December 31, 2012
	Fixed Rate
	Mortgage loans with banks (including loans subject to interest rate swaps) bearing interest at fixed rates between 2.8% and 6.7%. The loans are collateralized by mortgages on real estate assets and the assignment of rents. Principal and interest payments are made monthly with all outstanding principal and interest due between May 2014 and April 2021.	$	1,249,295	$	1,156,015
	Variable Rate
	Mortgage loans with banks bearing floating interest rates based on LIBOR and Prime. Interest rates based on LIBOR are between LIBOR plus 1.8% (1.97% at December 31, 2013 and 2.21% December 31, 2012) and LIBOR plus 2.1% (2.27% at December 31, 2013 and 3.21% December 31, 2012). Interest rates based on Prime are 3.25% at December 31, 2013. The loans are collateralized by mortgages on real estate assets and the assignment of rents. Principal and interest payments are made monthly with all outstanding principal and interest due between December 2014 and April 2020.		339,301		213,675


		$	1,588,596	$	1,369,690





	The following table summarizes the scheduled maturities of notes payable at December 31, 2013:


	2014	$	29,004
	2015		257,432
	2016		156,315
	2017		422,215
	2018		137,794
	Thereafter		585,836


		$	1,588,596





	Certain mortgage and construction loans with variable interest rates are subject to interest rate floors starting at 2.05%. Real estate assets are pledged as collateral for the notes payable. Of the Company's $1,588,596 in notes payable outstanding at December 31, 2013, $1,016,463 were recourse due to guarantees or other security provisions. The Company is subject to certain restrictive covenants relating to the outstanding notes payable. The Company was in compliance with all financial covenants at December 31, 2013.

DERIVATIVES

12 Months Ended

Dec. 31, 2013

DERIVATIVES

8. DERIVATIVES

The Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative financial instruments are used to manage differences in the amount, timing and duration of the Company's known or expected cash receipts and its known or expected cash payments principally related to the Company's investments and borrowings.

Cash Flow Hedges of Interest Rate Risk

The Company's objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount.

The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive deficit and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. A portion of these changes is excluded from accumulated other comprehensive income as it is allocated to noncontrolling interests. During the years ended December 31, 2013, 2012 and 2011, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. During 2014, the Company estimates that an additional $8,298 will be reclassified as an increase to interest expense.

The following table summarizes the terms of the Company's 22 derivative financial instruments as of December 31, 2013:

Hedge Product

Current Notional

Strike

Effective Dates

Maturity Dates

Amounts

Swap Agreements

$4,780 - $96,107

2.79% - 6.32%

7/1/2009 - 7/25/2013

7/1/2014 - 4/1/2021

Fair Values of Derivative Instruments

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets:

Asset (Liability) Derivatives

December 31, 2013

December 31, 2012

Derivatives designated as

Balance Sheet

Fair

Balance Sheet

Fair

hedging instruments:

Location

Value

Location

Value

Swap Agreements

Other assets

13,630

Other assets

—

Swap Agreements

Other liabilities

(3,684

)

Other liabilities

(15,228

)

Effect of Derivative Instruments

The tables below present the effect of the Company's derivative financial instruments on the consolidated statements of operations for the periods presented. No tax effect has been presented as the derivative instruments are held by the Company:

For the Year Ended

Classification of

December 31,

Type

Income (Expense)

2013

2012

2011

Swap Agreements

Interest expense

(8,917

)

(6,758

)

(3,771

)

Gain (loss)

reclassified

Gain (loss)

from OCI

recognized in OCI

Location of amounts

For the Year Ended

reclassified from OCI

December 31, 2013

Type

December 31, 2013

into income

Swap Agreements

13,718

Interest expense

(8,917

)

Credit-risk-related Contingent Features

The Company has agreements with some of its derivative counterparties that contain provisions pursuant to which, the Company could be declared in default of its derivative obligations if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender.

The Company also has an agreement with some of its derivative counterparties that incorporates the loan covenant provisions of the Company's indebtedness with a lender affiliate of the derivative counterparty. Failure to comply with the loan covenant provisions would result in the Company being in default on any derivative instrument obligations covered by the agreement.

As of December 31, 2013, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $3,684. As of December 31, 2013, the Company had not posted any collateral related to these agreements. If the Company had breached any of these provisions as of December 31, 2013, it could have been required to settle its obligations under the agreements at their termination value of $3,946.

NOTES_PAYABLE_TO_TRUSTS

NOTES PAYABLE TO TRUSTS	12 Months Ended
NOTES PAYABLE TO TRUSTS	Dec. 31, 2013
NOTES PAYABLE TO TRUSTS	'
NOTES PAYABLE TO TRUSTS	'

	9. NOTES PAYABLE TO TRUSTS

	During July 2005, ESS Statutory Trust III (the "Trust III"), a newly formed Delaware statutory trust and a wholly-owned, unconsolidated subsidiary of the Operating Partnership, issued an aggregate of $40,000 of preferred securities which mature on July 31, 2035. In addition, the Trust III issued 1,238 of Trust common securities to the Operating Partnership for a purchase price of $1,238. On July 27, 2005, the proceeds from the sale of the preferred and common securities of $41,238 were loaned in the form of a note to the Operating Partnership ("Note 3"). Note 3 had a fixed rate of 6.91% through July 31, 2010, and then was payable at a variable rate equal to the three-month LIBOR plus 2.40% per annum. Effective July 11, 2011, the Trust III entered into an interest rate swap that fixes the interest rate to be paid at 4.99% per annum and matures July 11, 2018. The interest on Note 3, payable quarterly, will be used by the Trust III to pay dividends on the trust preferred securities. The trust preferred securities became redeemable by the Trust III with no prepayment premium on July 27, 2010.

	During May 2005, ESS Statutory Trust II (the "Trust II"), a newly formed Delaware statutory trust and a wholly-owned, unconsolidated subsidiary of the Operating Partnership of the Company, issued an aggregate of $41,000 of preferred securities which mature on June 30, 2035. In addition, the Trust II issued 1,269 of Trust common securities to the Operating Partnership for a purchase price of $1,269. On May 24, 2005, the proceeds from the sale of the preferred and common securities of $42,269 were loaned in the form of a note to the Operating Partnership ("Note 2"). Note 2 had a fixed rate of 6.67% through June 30, 2010, and then was payable at a variable rate equal to the three-month LIBOR plus 2.40% per annum. Effective July 11, 2011, the Trust II entered into an interest rate swap that fixes the interest rate to be paid at 4.99% per annum and matures July 11, 2018. The interest on Note 2, payable quarterly, will be used by the Trust II to pay dividends on the trust preferred securities. The trust preferred securities became redeemable by the Trust II with no prepayment premium on June 30, 2010.

	During April 2005, ESS Statutory Trust I (the "Trust"), a newly formed Delaware statutory trust and a wholly-owned, unconsolidated subsidiary of the Operating Partnership of the Company issued an aggregate of $35,000 of trust preferred securities which mature on June 30, 2035. In addition, the Trust issued 1,083 of Trust common securities to the Operating Partnership for a purchase price of $1,083. On April 8, 2005, the proceeds from the sale of the trust preferred and common securities of $36,083 were loaned in the form of a note to the Operating Partnership (the "Note"). The Note has a variable rate equal to the three-month LIBOR plus 2.25% per annum. Effective June 30, 2010, the Trust entered into an interest rate swap that fixes the interest rate to be paid at 5.62% per annum and matures on June 30, 2015. The interest on the Note, payable quarterly, will be used by the Trust to pay dividends on the trust preferred securities. The trust preferred securities became redeemable by the Trust with no prepayment premium on June 30, 2010.

	Trust, Trust II and Trust III (together, the "Trusts") are VIEs because the holders of the equity investment at risk (the trust preferred securities) do not have the power to direct the activities of the entities that most significantly affect the entities' economic performance because of their lack of voting or similar rights. Because the Operating Partnership's investment in the Trusts' common securities was financed directly by the Trusts as a result of its loan of the proceeds to the Operating Partnership, that investment is not considered to be an equity investment at risk. The Operating Partnership's investment in the Trusts is not a variable interest because equity interests are variable interests only to the extent that the investment is considered to be at risk, and therefore the Operating Partnership cannot be the primary beneficiary of the Trusts. Since the Company is not the primary beneficiary of the Trusts, they have not been consolidated. A debt obligation has been recorded in the form of notes as discussed above for the proceeds, which are owed to the Trusts by the Company. The Company has also recorded its investment in the Trusts' common securities as other assets.

	The Company has not provided financing or other support during the periods presented to the Trusts that it was not previously contractually obligated to provide. The Company's maximum exposure to loss as a result of its involvement with the Trusts is equal to the total amount of the notes discussed above less the amounts of the Company's investments in the Trusts' common securities. The net amount is the notes payable that the Trusts owe to third parties for their investments in the Trusts' preferred securities.

	Following is a tabular comparison of the liabilities the Company has recorded as a result of its involvements with the Trusts to the maximum exposure to loss the Company is subject to related to the Trusts as of December 31, 2013:


		Notes payable		Investment		Maximum		Difference
		to Trusts		Balance		exposure to loss		Difference
	Trust	$	36,083	$	1,083	$	35,000	$	—
	Trust II		42,269		1,269		41,000		—
	Trust III		41,238		1,238		40,000		—


		$	119,590	$	3,590	$	116,000	$	—

EXCHANGEABLE_SENIOR_NOTES

EXCHANGEABLE SENIOR NOTES	12 Months Ended
EXCHANGEABLE SENIOR NOTES	Dec. 31, 2013
EXCHANGEABLE SENIOR NOTES	'
EXCHANGEABLE SENIOR NOTES	'

	10. EXCHANGEABLE SENIOR NOTES

	On June 21, 2013, the Operating Partnership issued $250,000 of its 2.375% Exchangeable Senior Notes due 2033 due 2033 at a 1.5% discount, or $3,750. Costs incurred to issue the Notes due 2033 were approximately $1,672. These costs are being amortized as an adjustment to interest expense over five years, which represents the estimated term based on the first available redemption date, and are included in other assets in the consolidated balance sheet. The Notes due 2033 are general unsecured senior obligations of the Operating Partnership and are fully guaranteed by the Company. Interest is payable on January 1 and July 1 of each year beginning January 1, 2014, until the maturity date of July 1, 2033. The Notes due 2033 bear interest at 2.375% per annum and contain an exchange settlement feature, which provides that the Notes due 2033 may, under certain circumstances, be exchangeable for cash (for the principal amount of the Notes due 2033) and, with respect to any excess exchange value, for cash, shares of the Company's common stock or a combination of cash and shares of the Company's common stock at the Company's option. The initial exchange rate of the Notes due 2033 is approximately 17.96 shares of the Company's common stock per $1,000 principal amount of the Notes due 2033.

	The Operating Partnership may redeem the Notes due 2033 at any time to preserve the Company's status as a REIT. In addition, on or after July 5, 2018, the Operating Partnership may redeem the Notes due 2033 for cash, in whole or in part, at 100% of the principal amount plus accrued and unpaid interest, upon at least 30 days but not more than 60 days prior written notice to the holders of the Notes due 2033. The holders of the Notes due 2033 have the right to require the Operating Partnership to repurchase the Notes due 2033 for cash, in whole or in part, on July 1 of the years 2018, 2023, and 2028, and upon the occurrence of certain designated events, in each case for a repurchase price equal to 100% of the principal amount of the Notes due 2033 plus accrued and unpaid interest. Certain events are considered "Events of Default," as defined in the indenture governing the Notes due 2033, which may result in the accelerated maturity of the Notes due 2033.

	GAAP requires entities with convertible debt instruments that may be settled entirely or partially in cash upon conversion to separately account for the liability and equity components of the instrument in a manner that reflects the issuer's economic interest cost. The Company therefore accounts for the liability and equity components of the Notes due 2033 separately. The equity component is included in paid-in capital in stockholders' equity in the consolidated balance sheet, and the value of the equity component is treated as original issue discount for purposes of accounting for the debt component. The discount is being amortized as interest expense over the remaining period of the debt through its first redemption date, July 1, 2018. The effective interest rate on the liability component is 4.0%.

	Information about the carrying amount of the equity component, the principal amount of the liability component, its unamortized discount and its net carrying amount were as follows for the periods indicated:


		December 31, 2013			December 31, 2012
	Carrying amount of equity component	$	(14,496	)	$	—




	Principal amount of liability component	$	250,000		$	—
	Unamortized discount—equity component		(13,131	)		—
	Unamortized cash discount		(3,356	)		—


	Net carrying amount of liability component	$	233,513		$	—





	On March 27, 2007, the Company's Operating Partnership issued $250,000 of 3.625% Exchangeable Senior Notes due 2027. The Notes due 2027 bore interest at 3.625% per annum and contained an exchange settlement feature, which provided that under certain circumstances, the Notes due 2027 could have been exchanged for cash (up to the principal amount) and, with respect to any excess exchange value, for cash, shares of the Company's common stock, or a combination of cash and shares of the Company's common stock at the option of the Operating Partnership. The Company accounted for the liability and equity components of the Notes due 2027 separately as required under GAAP. The effective interest rate on the liability component of the Notes due 2027 was 5.75%.

	On March 1, 2012, the Company announced that the holders of the Operating Partnership's then-outstanding $87,663 principal amount of the Notes due 2027 had the right to surrender their notes for repurchase by the Operating Partnership on April 1, 2012 for 100% of the principal amount, pursuant to the holders' rights under the indenture governing the Notes due 2027.

	As of April 3, 2012, the Company received notice that the holders of the entire $87,663 principal amount of the Notes due 2027 had surrendered their notes for exchange. On April 26, 2012, the Company settled the exchange by paying cash for the principal amount, as required by the indenture, and issuing 684,685 shares of common stock for the value in excess of the principal amount. The issuance of shares was reflected as an increase in paid-in-capital with a corresponding decrease in paid-in-capital attributable to the reacquisition of the equity component of the convertible debt.

	The amount of interest cost recognized relating to the contractual interest rate and the amortization of the discount on the liability component for the Notes due 2033 and the Notes due 2027 was as follows for the periods presented:


		For the Year Ended
		December 31,
		2013			2012		2011
	Contractual interest	$	3,134		$	790	$	3,178
	Amortization of discount		1,404			444		1,761


	Total interest expense recognized	$	4,538		$	1,234	$	4,939

LINES_OF_CREDIT

LINES OF CREDIT	12 Months Ended
LINES OF CREDIT	Dec. 31, 2013
LINES OF CREDIT	'
LINES OF CREDIT	'

	11. LINES OF CREDIT

	All of the Company's lines of credit are guaranteed by the Company and secured by mortgages on certain real estate assets. The following table presents information on the Company's lines of credit, the proceeds of which are used to repay debt and for general corporate purposes, for the periods indicated:


		As of December 31, 2013
	Line of Credit	Amount		Capacity		Interest			Origination		Maturity		Basis Rate			Notes
	Line of Credit	Drawn		Capacity		Rate			Date		Maturity		Basis Rate			Notes
	Credit Line 1	$	—	$	75,000		2.07	%		2/13/09		5/13/14		LIBOR plus 1.90	%	-1
	Credit Line 2		—		85,000		2.07	%		6/4/10		6/3/16		LIBOR plus 1.90	%	-2
	Credit Line 3		—		40,000		2.37	%		11/16/10		2/13/17		LIBOR plus 2.20	%	(3)(4)
	Credit Line 4		—		80,000		1.87	%		4/29/11		11/18/16		LIBOR plus 1.70	%	-4


		$	—	$	280,000






	-1
	One year extension available

	-2
	One two-year extension available

	-3
	Amended February 13, 2014 to extend the maturity date to February 13, 2017, increase the capacity to $50,000 and lower the interest rate to Libor plus 1.75%.

	-4
	Two one-year extensions available

OTHER_LIABILITIES

OTHER LIABILITIES	12 Months Ended
OTHER LIABILITIES	Dec. 31, 2013
OTHER LIABILITIES	'
OTHER LIABILITIES	'

	12. OTHER LIABILITIES

	The components of other liabilities are summarized as follows:


		December 31, 2013			December 31, 2012
	Deferred rental income	$	24,037		$	20,752
	Lease obligation liability		2,076			3,826
	Fair value of interest rate swaps		3,684			15,228
	Income taxes payable		671			1,414
	Deferred tax liability		3,481			—
	Other miscellaneous liabilities		4,048			7,028


		$	37,997		$	48,248





	Included in the lease obligation liability is approximately $2,352 and $3,826 for the years ended December 31, 2013 and 2012, respectively, related to minimum rentals to be received in the future under non-cancelable subleases.

	Included in other miscellaneous liabilities is unpaid claims related to the Company's tenant reinsurance program. For the years ended December 31, 2013, 2012 and 2011, the number of claims made were 2,316, 2,060 and 1,834, respectively. The roll forward of the liability of unpaid claims is as follows:


		For the Year Ended
		December 31,
		2013			2012
	Unpaid claims liability at beginning of year	$	1,414		$	715
	Provision for current year claims		3,817			3,417
	Increase (decrease) in provision for prior year claims		(116	)		22
	Payments for current year claims		(2,627	)		(2,028	)
	Payments for prior year claims		(1,252	)		(712	)


	Unpaid claims liability at the end of the year	$	1,236		$	1,414

RELATED_PARTY_AND_AFFILIATED_R

RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'

	13. RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS

	The Company provides management services to certain joint ventures, third parties and other related party properties. Management agreements provide generally for management fees of 6% of cash collected from total revenues for the management of operations at the self-storage facilities. In addition, the Company receives an asset management fee equal to 50 basis points multiplied by the total asset value of the properties owned by the SPI joint venture, provided certain requirements are met.

	Management fee revenues for related party and affiliated real estate joint ventures are summarized as follows:


				For the Year Ended
				December 31,
	Entity	Type		2013			2012		2011
	ESW	Affiliated real estate joint ventures		$	450		$	430	$	410
	ESW II	Affiliated real estate joint ventures			382			354		335
	ESNPS	Affiliated real estate joint ventures			528			498		479
	ESSM	Affiliated real estate joint ventures			117			107		85
	HSRE	Affiliated real estate joint ventures			1,146			1,094		1,045
	PRISA	Affiliated real estate joint ventures			5,215			5,174		4,961
	PRISA II	Affiliated real estate joint ventures			4,397			4,138		4,016
	PRISA III	Affiliated real estate joint ventures			—			920		1,796
	VRS	Affiliated real estate joint ventures			1,286			1,207		1,156
	WCOT	Affiliated real estate joint ventures			1,601			1,520		1,497
	SP I	Affiliated real estate joint ventures			1,953			1,885		6,392
	SPB II	Affiliated real estate joint ventures			—			923		969
	Everest	Affiliated real estate joint ventures			15			133		528
	Other	Franchisees, third parties and other			9,524			7,323		6,255


				$	26,614		$	25,706	$	29,924





	During 2011, it was discovered that the asset management fee owed to the Company by the SPI joint venture had not been recorded by either party for the five-year period ended December 31, 2010. The annual asset management fee for this period was $885, offset by an annual reduction of $221 of equity in earnings of SPI. Therefore, the Company's net income was understated by $664 for each year in the five-year period ended December 31, 2010. After determining that the amounts were not material either in the prior periods or the year ended December 31, 2011 for restatement purposes, the Company recorded the asset management fee adjustments for the years 2006 through 2010 in 2011. The total prior period adjustment increased asset management fee revenues by $4,425 and decreased equity in earnings by $1,106. Additionally, the Company recorded a receivable of $5,327 which represents the asset management fee owed for 2006 through 2011. This receivable was paid in full by December 31, 2012.

	Receivables from related parties and affiliated real estate joint ventures balances are summarized as follows:


		December 31, 2013			December 31, 2012
	Mortgage notes receivable	$	5,818		$	7,670
	Other receivables from properties		1,724			3,408


		$	7,542		$	11,078





	Other receivables from properties consist of amounts due for management fees, asset management fees and expenses paid on behalf of the properties that the Company manages. The Company believes that all of these related party and affiliated real estate joint venture receivables are fully collectible. The Company does not have any payables to related parties at December 31, 2013 and 2012.

	Centershift, a related party service provider, is partially owned by one of the Company's board members. Effective January 1, 2004, the Company entered into a license agreement with Centershift which secures a perpetual right for continued use of STORE (the site management software used at all sites operated by the Company) in all aspects of the Company's property acquisition, development, redevelopment and operational activities. During the years ended December 31, 2013, 2012 and 2011, the Company paid Centershift $1,095, $1,235, and $1,087, respectively, relating to the purchase of software and license agreements. On October 1, 2013, the Company bought out the remainder of its three year contract with Centershift for $1,500, which is recorded in general and administrative expense. In addition, the Company purchased a copy of the STORE source code and some equipment from Centershift for $2,600. The Company no longer has any contractual liability to Centershift.

	The Company has entered into an annual aircraft dry lease and service and management agreement with SpenAero, L.C. ("SpenAero"), an affiliate of Spencer F. Kirk, the Company's Chief Executive Officer. Under the terms of the agreement, the Company pays a defined hourly rate for use of the aircraft. During the years ended December 31, 2013, 2012 and 2011, the Company paid SpenAero $803, $649, and $608, respectively. The services that the Company receives from SpenAero are similar in nature and comparable in price to those that are provided to other outside third parties.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Dec. 31, 2013
STOCKHOLDERS' EQUITY	'
STOCKHOLDERS' EQUITY	'

	14. STOCKHOLDERS' EQUITY

	The Company's charter provides that it can issue up to 300,000,000 shares of common stock, $0.01 par value per share and 50,000,000 shares of preferred stock, $0.01 par value per share. As of December 31, 2013, 115,755,527 shares of common stock were issued and outstanding, and no shares of preferred stock were issued or outstanding.

	All holders of the Company's common stock are entitled to receive dividends and to one vote on all matters submitted to a vote of stockholders. The transfer agent and registrar for the Company's common stock is American Stock Transfer & Trust Company.

	On November 8, 2013, the Company issued and sold 4,500,000 shares of its common stock in a public offering at a price to the underwriter of $45.81 per share. The Company received gross proceeds of $206,145. Transaction costs were $157, resulting in net proceeds of $205,988.

	On November 9, 2012, the Company issued and sold 5,980,000 shares of its common stock in a public offering at a price to the underwriter of $33.98 per share. The Company received gross proceeds of $203,200. Transaction costs were $300, resulting in net proceeds of $202,900.

	On April 16, 2012, the Company issued and sold 8,050,000 shares of its common stock in a public offering at a price to the underwriter of $28.22 per share. The Company received gross proceeds of $227,171. Transaction costs were $483, resulting in net proceeds of $226,688.

	In May 2011, the Company closed a public stock offering of 5,335,423 shares of its common stock at an offering price of $21.16 per share. The Company received gross proceeds of $112,898. Transaction costs were $549, for net proceeds of $112,349.

NONCONTROLLING_INTEREST_REPRES

NONCONTROLLING INTEREST REPRESENTED BY PREFERRED OPERATING PARTNERSHIP UNITS	12 Months Ended
	Dec. 31, 2013
NONCONTROLLING INTEREST REPRESENTED BY PREFERRED OPERATING PARTNERSHIP UNITS	'
NONCONTROLLING INTEREST REPRESENTED BY PREFERRED OPERATING PARTNERSHIP UNITS	'

	15. NONCONTROLLING INTEREST REPRESENTED BY PREFERRED OPERATING PARTNERSHIP UNITS

	Classification of Noncontrolling Interests

	GAAP requires a company to present ownership interests in subsidiaries held by parties other than the company in the consolidated financial statements within the equity section, but separate from the company's equity. It also requires the amount of consolidated net income attributable to the parent and to the noncontrolling interest to be clearly identified and presented on the face of the consolidated statement of operations and requires changes in ownership interest to be accounted for similarly as equity transactions. If noncontrolling interests are determined to be redeemable, they are to be carried at their redemption value as of the balance sheet date and reported as temporary equity.

	The Company has evaluated the terms of the Operating Partnership's preferred units and classifies the noncontrolling interest represented by the such preferred units as stockholders' equity in the accompanying consolidated balance sheets. The Company will periodically evaluate individual noncontrolling interests for the ability to continue to recognize the noncontrolling amount as permanent equity in the consolidated balance sheets. Any noncontrolling interests that fail to qualify as permanent equity will be reclassified as temporary equity and adjusted to the greater of (1) the carrying amount, or (2) its redemption value as of the end of the period in which the determination is made.

	Series A Participating Redeemable Preferred Units

	On June 15, 2007, the Operating Partnership entered into a Contribution Agreement with various limited partnerships affiliated with AAAAA Rent-A-Space to acquire ten self-storage facilities (the "Properties") in exchange for 989,980 Series A Units. The self-storage facilities are located in California and Hawaii.

	On June 25, 2007, the Operating Partnership loaned the holders of the Series A Units $100,000. The note receivable bears interest at 4.85%. During 2013 a loan amendment was signed extending the maturity date to September 1, 2020. The loan is secured by the borrower's Series A Units. The holders of the Series A Units can redeem up to 114,500 Series A Units prior to the maturity date of the loan. If any redemption in excess of 114,500 Series A Units occurs prior to the maturity date, the holder of the Series A Units is required to repay the loan as of the date of that redemption. The Series A Units are shown on the balance sheet net of the $100,000 loan because the borrower under the loan receivable is also the holder of the Series A Units.

	The partnership agreement of the Operating Partnership (as amended, the "Partnership Agreement") provides for the designation and issuance of the Series A Units. The Series A Units will have priority over all other partnership interests of the Operating Partnership with respect to distributions and liquidation.

	Under the Partnership Agreement, Series A Units in the amount of $115,000 bear a fixed priority return of 5% and have a fixed liquidation value of $115,000. The remaining balance participates in distributions with, and has a liquidation value equal to, that of the common OP Units. The Series A Units became redeemable at the option of the holder on September 1, 2008, which redemption obligation may be satisfied, at the Company's option, in cash or shares of its common stock.

	Series B Redeemable Preferred Units

	On August 29, 2013, the Operating Partnership completed the purchase of 19 out of 20 self-storage facilities affiliated with All Aboard Mini Storage, all of which are located in California. On September 26, 2013, the Operating Partnership completed the purchase of the remaining facility. These properties were acquired in exchange for $100,876 in cash (including $98,960 of debt assumed and immediately defeased at closing), 1,342,727 Series B Units valued at $33,568, and 1,448,108 common OP Units valued at $62,341.

	The Partnership Agreement provides for the designation and issuance of the Series B Units. The Series B Units rank junior to the Series A Units, on parity with the Series C Units, and senior to all other partnership interests of the Operating Partnership with respect to distributions and liquidation.

	The Series B Units have a liquidation value of $25.00 per unit for a fixed liquidation value of $33,568. Holders of the Series B Units receive distributions at an annual rate of 6%. These distributions are cumulative and accrue each quarter regardless of the declaration of dividends or distributions. The Series B Units will become redeemable at the option of the holder on August 29, 2014 and September 26, 2014, which redemption obligations may be satisfied at the Company's option in cash or shares of its common stock.

	Series C Convertible Redeemable Preferred Units

	On December 2, 2013, the Operating Partnership completed the purchase of six of eight self-storage facilities affiliated with Grupe Properties Co. Inc. ("Grupe"), all of which are located in California. On December 3, 2013, the Operating Partnership completed the purchase of the remaining two facilities. The Company previously held 35% interests in five of these eight properties through separate joint ventures with Grupe. These properties were acquired in exchange for $42,702 of cash, the assumption of $4,342 in existing debt, and the issuance of 407,996 Series C Units valued at $17,177.

	The Partnership Agreement provides for the designation and issuance of the Series C Units. The Series C Units rank junior to the Series A Units, on parity with the Series B Units, and senior to all other partnership interests of the Operating Partnership with respect to distributions and liquidation.

	The Series C Units have a liquidation value of $42.10 per unit. From issuance to the fifth anniversary of issuance, each Series C Unit holder will receive quarterly distributions equal to the quarterly distribution for common OP Unit plus $0.18. Beginning on the fifth anniversary of issuance, each Series C Unit holder will receive a fixed quarterly distribution equal to the aggregate quarterly distribution payable in respect of such Series C Unit during the four quarters immediately preceding the fifth anniversary of issuance divided by four. These distributions are cumulative. The Series C Units will become redeemable at the option of the holder one year from the date of issuance, which redemption obligation may be satisfied at the Company's option in cash or shares of its common stock. The Series C Units will also become convertible into common OP Units at the option of the holder one year from the date of issuance, at a rate of 0.9145 common OP Units per Series C Unit converted. This conversion option expires upon the fifth anniversary of the date of issuance.

NONCONTROLLING_INTEREST_IN_OPE

NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP	12 Months Ended
NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP	Dec. 31, 2013
NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP	'
NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP	'

	16. NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP

	The Company's interest in its properties is held through the Operating Partnership. ESS Holding Business Trust I, a wholly-owned subsidiary of the Company, is the sole general partner of the Operating Partnership. ESS Business Trust II, also a wholly-owned subsidiary of the Company, is a limited partner of the Operating Partnership. Between its general partner and limited partner interests, the Company held a 94.2% majority ownership interest therein as of December 31, 2013. The remaining ownership interests in the Operating Partnership (including Preferred Operating Partnership units) of 5.8% are held by certain former owners of assets acquired by the Operating Partnership. As of December 31, 2013, the Operating Partnership had 4,334,118 common OP Units outstanding.

	The noncontrolling interest in the Operating Partnership represents OP Units that are not owned by the Company. In conjunction with the formation of the Company and as a result of subsequent acquisitions, certain persons and entities contributing interests in properties to the Operating Partnership received limited partnership units in the form of OP units. Limited partners who received OP Units in the formation transactions or in exchange for contributions for interests in properties have the right to require the Operating Partnership to redeem part or all of their OP Units for cash based upon the fair market value of an equivalent number of shares of the Company's common stock (10 day average) at the time of the redemption. Alternatively, the Company may, at its sole discretion, elect to acquire those OP Units in exchange for shares of its common stock on a one-for-one basis, subject to anti-dilution adjustments provided in the Operating Partnership agreement. The ten day average closing stock price at December 31, 2013, was $42.05 and there were 4,334,118 OP units outstanding. Assuming that all of the unit holders exercised their right to redeem all of their OP Units on December 31, 2013 and the Company elected to pay the non-controlling members cash, the Company would have paid $182,250 in cash consideration to redeem the units.

	In October 2013, 12,500 OP Units were redeemed in exchange for the Company's common stock. In March and April 2013, 1,000 OP Units were redeemed in exchange for $41 in cash.

	On August 29, 2013 and September 26, 2013, the Company purchased 20 properties in California. As part of the consideration, 1,448,108 OP Units were issued for a value of $62,341.

	In December 2012, 304,817 OP Units were redeemed in exchange for the Company's common stock. In April 2012, 5,475 OP Units were redeemed for $155 in cash.

	GAAP requires a company to present ownership interests in subsidiaries held by parties other than the company in the consolidated financial statements within the equity section but separate from the company's equity. It also requires the amount of consolidated net income attributable to the parent and to the noncontrolling interest to be clearly identified and presented on the face of the consolidated statement of operations and requires changes in ownership interest to be accounted for similarly as equity transactions. If noncontrolling interests are determined to be redeemable, they are to be carried at their redemption value as of the balance sheet date and reported as temporary equity.

	The Company has evaluated the terms of the common OP Units and classifies the noncontrolling interest represented by the common OP Units as stockholders' equity in the accompanying consolidated balance sheets. The Company will periodically evaluate individual noncontrolling interests for the ability to continue to recognize the noncontrolling amount as permanent equity in the consolidated balance sheets. Any noncontrolling interests that fail to qualify as permanent equity will be reclassified as temporary equity and adjusted to the greater of (1) the carrying amount, or (2) its redemption value as of the end of the period in which the determination is made.

OTHER_NONCONTROLLING_INTERESTS

OTHER NONCONTROLLING INTERESTS	12 Months Ended
OTHER NONCONTROLLING INTERESTS	Dec. 31, 2013
OTHER NONCONTROLLING INTERESTS	'
OTHER NONCONTROLLING INTERESTS	'

	17. OTHER NONCONTROLLING INTERESTS

	Other noncontrolling interests represent the ownership interests of various third parties in two consolidated joint ventures as of December 31, 2013. One of these consolidated joint ventures owns one property which was under construction at December 31, 2013. The second consolidated joint venture owns 19 properties. The ownership interests of the third party owners range from 1.0% to 3.3%. Other noncontrolling interests are included in the stockholders' equity section of the Company's consolidated balance sheet. The income or losses attributable to these third party owners based on their ownership percentages are reflected in net income allocated to the Operating Partnership and other noncontrolling interests in the consolidated statement of operations.

	In November 2013, the Company purchased its joint venture partner's 10% membership interest in an existing joint venture for $1,292. The joint venture owned a single property located in California, and as a result of the acquisition, the property became wholly-owned by the Company. Since the Company retained its controlling financial interest in the subsidiary, this transaction was accounted for as an equity transaction. The carrying amount of the noncontrolling interest was reduced to zero to reflect the purchase, and the difference between the price paid by the Company and the adjustment to the carrying value of the noncontrolling interest was recorded as an adjustment to equity attributable to the parent.

	In May 2013, the Company purchased one of its joint venture partner's 27.6% capital interest and 35% profit interest in a previously unconsolidated joint venture for $950. The partner's interest was reported in other noncontrolling interests prior to the purchase. As a result of the acquisition, the property became wholly-owned by the Company. Since the Company retained its controlling financial interest in the subsidiary, this transaction was accounted for as an equity transaction. The carrying amount of the noncontrolling interest was reduced to zero to reflect the purchase and the difference between the price paid by the Company and the carrying value of the noncontrolling interest was recorded as an adjustment to equity attributable to the parent.

	In February 2013, the Company purchased one of its joint venture partner's 1.7% capital interest and 17% profit interest in consolidated property for $200. As a result, the Company's capital interest percentage in this joint venture increased from 95% to 96.7%. Since the Company retained its controlling financial interest in the subsidiary, this transaction was accounted for as an equity transaction. The carrying amount of the noncontrolling interest was reduced to reflect the purchase and the difference between the price paid by the Company and the adjustment to the carrying value of the noncontrolling interest was recorded as an adjustment to equity attributable to the parent.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
STOCK-BASED COMPENSATION	Dec. 31, 2013
STOCK-BASED COMPENSATION	'
STOCK-BASED COMPENSATION	'

	18. STOCK-BASED COMPENSATION

	The Company has the following plans under which shares were available for grant at December 31, 2013:



	•
	The 2004 Long-Term Incentive Compensation Plan as amended and restated, effective March 25, 2008, and

	•
	The 2004 Non-Employee Directors' Share Plan (together, the "Plans").

	Option grants are issued with an exercise price equal to the closing price of stock on the date of grant. Unless otherwise determined by the Compensation, Nominating and Governance Committee ("CNG Committee") at the time of grant, options shall vest ratably over a four-year period beginning on the date of grant. Each option will be exercisable once it has vested. Options are exercisable at such times and subject to such terms as determined by the CNG Committee, but under no circumstances may be exercised if such exercise would cause a violation of the ownership limit in the Company's charter. Options expire 10 years from the date of grant.

	Also as defined under the terms of the Plans, restricted stock grants may be awarded. The stock grants are subject to a vesting period over which the restrictions are released and the stock certificates are given to the grantee. During the performance or vesting period, the grantee is not permitted to sell, transfer, pledge, encumber or assign shares of restricted stock granted under the Plans; however, the grantee has the ability to vote the shares and receive nonforfeitable dividends paid on shares. Unless otherwise determined by the CNG Committee at the time of grant, the forfeiture and transfer restrictions on the shares lapse over a four-year period beginning on the date of grant.

	As of December 31, 2013, 2,390,415 shares were available for issuance under the Plans.

	Option Grants

	A summary of stock option activity is as follows:


	Options		Number of Shares			Weighted Average			Weighted Average			Aggregate
						Exercise Price			Remaining			Intrinsic Value as
									Contractual Life			of December 31,
									(Years)			2013
	Outstanding at December 31, 2010			3,105,905		$	13.13
	Granted			110,900			19.6
	Exercised			(1,388,269	)		13.44
	Forfeited			(29,675	)		15.65


	Outstanding at December 31, 2011			1,798,861		$	13.25
	Granted			67,084			27.18
	Exercised			(768,853	)		13.55
	Forfeited			—			—


	Outstanding at December 31, 2012			1,097,092		$	13.89
	Granted			49,075			38.4
	Exercised			(391,543	)		14.81
	Forfeited			—			—


	Outstanding at December 31, 2013			754,624		$	15			5.1		$	20,471




	Vested and Expected to Vest			734,400		$	14.52			5.01		$	20,276
	Ending Exercisable			556,191		$	11.84			4.21		$	16,847

	The aggregate intrinsic value in the table above represents the total value (the difference between the Company's closing stock price on the last trading day of 2013 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2013. The amount of aggregate intrinsic value will change based on the fair market value of the Company's stock.

	The weighted average fair value of stock options granted in 2013, 2012 and 2011, was $9.74, $6.64 and $5.39, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:


			For the Year Ended
			December 31,
			2013			2012			2011
	Expected volatility			42	%		44	%		45	%
Dividend yield			4	%		5	%		5	%
Risk-free interest rate			1	%		1	%		2	%
Average expected term (years)			5			5			5

The Black-Scholes model incorporates assumptions to value stock-based awards. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of the grant for the estimated life of the option. The Company uses actual historical data to calculate the expected price volatility, dividend yield and average expected term. The forfeiture rate, which is estimated at a weighted-average of 5.0% of unvested options outstanding as of December 31, 2013, is adjusted periodically based on the extent to which actual forfeitures differ, or are expected to differ, from the previous estimates.

A summary of stock options outstanding and exercisable as of December 31, 2013, is as follows:


		Options Outstanding									Options Exercisable
Exercise Price		Shares			Weighted Average			Weighted Average			Shares			Weighted Average
					Remaining			Exercise Price						Exercise Price
					Contractual Life
$6.22 - $11.50			191,465			5.13		$	6.22			191,465		$	6.22
$11.51 - $12.50			192,960			4.83			12.06			134,315			12.17
$12.51 - $15.50			143,700			2.56			14.76			143,700			14.76
$15.51 - $19.60			116,350			5.32			18.37			75,950			17.71
$19.61 - $38.40			110,149			8.61			32.2			10,761			27.35


$6.22 - $38.40			754,624			5.1		$	15			556,191		$	11.84





The Company recorded compensation expense relating to outstanding options of $536, $585 and $942 in general and administrative expense for the years ended December 31, 2013, 2012 and 2011, respectively. Total cash received for the years ended December 31, 2013, 2012 and 2011, related to option exercises was $5,896, $10,267 and $18,622, respectively. At December 31, 2013, there was $704 of total unrecognized compensation expense related to non-vested stock options under the Company's 2004 Long-Term Incentive Compensation Plan. That cost is expected to be recognized over a weighted-average period of 1.60 years. The valuation model applied in this calculation utilizes subjective assumptions that could potentially change over time, including the expected forfeiture rate. Therefore, the amount of unrecognized compensation expense at December 31, 2013, noted above does not necessarily represent the expense that will ultimately be realized by the Company in the statement of operations.

Common Stock Granted to Employees and Directors

The Company recorded $4,283, $3,771 and $4,815 of expense in general and administrative expense in its statement of operations related to outstanding shares of common stock granted to employees and directors for the years ended December 31, 2013, 2012 and 2011, respectively. The forfeiture rate, which is estimated at a weighted-average of 9.7% of unvested awards outstanding as of December 31, 2013, is adjusted periodically based on the extent to which actual forfeitures differ, or are expected to differ, from the previous estimates. At December 31, 2013 there was $6,659 of total unrecognized compensation expense related to non-vested restricted stock awards under the Company's 2004 Long-Term Incentive Compensation Plan. That cost is expected to be recognized over a weighted-average period of 1.95 years.

The fair value of common stock awards is determined based on the closing trading price of the Company's common stock on the grant date.

A summary of the Company's employee and director share grant activity is as follows:


Restricted Stock Grants		Shares			Weighted-Average
Restricted Stock Grants		Shares			Grant-Date Fair Value
Unreleased at December 31, 2010			891,124		$	10.62
Granted			226,630			20.09
Released			(407,293	)		11.91
Cancelled			(47,695	)		14.31


Unreleased at December 31, 2011			662,766		$	12.81
Granted			182,052			28.39
Released			(287,754	)		12.98
Cancelled			(16,792	)		14.03


Unreleased at December 31, 2012			540,272		$	17.93
Granted			137,602			39.51
Released			(259,191	)		15.11
Cancelled			(23,323	)		23.62


Unreleased at December 31, 2013			395,360		$	26.96

EMPLOYEE_BENEFIT_PLAN

EMPLOYEE BENEFIT PLAN	12 Months Ended
EMPLOYEE BENEFIT PLAN	Dec. 31, 2013
EMPLOYEE BENEFIT PLAN	'
EMPLOYEE BENEFIT PLAN	'

	19. EMPLOYEE BENEFIT PLAN

	The Company has a retirement savings plan under Section 401(k) of the Internal Revenue Code under which eligible employees can contribute up to 15% of their annual salary, subject to a statutory prescribed annual limit. For the years ended December 31, 2013, 2012 and 2011, the Company made matching contributions to the plan of $1,013, $894, and $832, respectively, based on 100% of the first 3% and up to 50% of the next 2% of an employee's compensation.

INCOME_TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2013
INCOME TAXES	'
INCOME TAXES	'

	20. INCOME TAXES

	As a REIT, the Company is generally not subject to federal income tax with respect to that portion of its income which is distributed annually to its stockholders. However, the Company has elected to treat one of its corporate subsidiaries, Extra Space Management, Inc., as a taxable REIT subsidiary. In general, the Company's TRS may perform additional services for tenants and generally may engage in any real estate or non-real estate related business. A TRS is subject to corporate federal income tax. The Company accounts for income taxes in accordance with the provisions of ASC 740, "Income Taxes." Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities. The Company has elected to use the Tax-Law-Ordering approach to determine when excess tax benefits will be realized.

	The income tax provision for the years ended December 31, 2013, 2012 and 2011, is comprised of the following components:


			For the Year Ended
			December 31, 2013
			Federal			State			Total
	Current expense		$	9,572		$	615		$	10,187
	Tax credits			(4,556	)		—			(4,556	)
	Change in deferred benefit			4,353			—			4,353


	Total tax expense		$	9,369		$	615		$	9,984









			For the Year Ended
			December 31, 2012
			Federal			State			Total
	Current expense		$	8,240		$	612		$	8,852
	Tax credits			(5,528	)		—			(5,528	)
	Change in deferred benefit			2,089			—			2,089


	Total tax expense		$	4,801		$	612		$	5,413









			For the Year Ended
			December 31, 2011
			Federal			State			Total
	Current expense		$	1,350		$	606		$	1,956
	Tax credits			(6,849	)		—			(6,849	)
	Change in deferred benefit			6,048			—			6,048


	Total tax expense		$	549		$	606		$	1,155





	A reconciliation of the statutory income tax provisions to the effective income tax provisions for the years ended December 31, 2013 and 2012 is as follows:


			For the Year Ended
			December 31, 2013						December 31, 2012
Expected tax at statutory rate		$	67,012			35	%	$	46,586			35	%
Non-taxable REIT income			(53,519	)		(27.9	)%		(37,729	)		(28.3	)%
State and local tax expense (benefit)—net of federal benefit			615			0.3	%		612			0.5	%
Change in valuation allowance			435			0.2	%		1,641			1.2	%
Tax Credits (WOTC & Solar)			(4,562	)		(2.4	)%		(5,528	)		(4.2	)%
Miscellaneous			3			0	%		(169	)		(0.1	)%


Total provision		$	9,984			5.2	%	$	5,413			4.1	%





The major sources of temporary differences stated at their deferred tax effects are as follows:


		December 31,			December 31,
		2013			2012
Deferred Tax Liabilities:
Fixed Assets		$	(14,557	)	$	(9,951	)
Other			(663	)		(340	)


Total Deferred Tax Liabilities		$	(15,220	)	$	(10,291	)


Deferred Tax Assets:
Capitive Insurance Subsidiary		$	400		$	385
Accrued liabilities			1,043			1,193
Stock compensation			1,394			1,333
Solar Credit			8,480			10,313
Other			422			572
State Deferreds			4,570			4,135


Total Deferred Tax Assets		$	16,309		$	17,931


Valuation Allowance		$	(4,570	)	$	(4,135	)


Net deferred income tax assets/(liabilities)		$	(3,481	)	$	3,505





The state income tax net operating losses expire between 2014 and 2032. The deferred tax benefits associated with the state income tax net operating losses have been fully reserved through the valuation allowance. The solar tax credit carryforwards expire in 2016. The tax years 2009 through 2012 remain open related to the state returns, and 2010 through 2012 for the federal returns.

SEGMENT_INFORMATION

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2013
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'

	21. SEGMENT INFORMATION

	The Company operates in three distinct segments; (1) rental operations; (2) tenant reinsurance; and (3) property management, acquisition and development. Management fees collected for wholly-owned properties are eliminated in consolidation. Financial information for the Company's business segments is set forth below:


			December 31, 2013			December 31, 2012
	Balance Sheet
	Investment in unconsolidated real estate ventures
	Rental operations		$	88,125		$	106,313
	Total assets
	Property management, acquisition and development		$	301,001		$	199,379
	Rental operations			3,641,746			2,996,453
	Tenant reinsurance			34,393			27,645


			$	3,977,140		$	3,223,477






			For the Year Ended December 31,
			2013			2012			2011
	Statement of Operations
	Total revenues
	Rental operations		$	446,682		$	346,874		$	268,725
	Tenant reinsurance			47,317			36,816			31,181
	Property management, acquisition and development			26,614			25,706			29,924


			$	520,613		$	409,396		$	329,830


	Operating expenses, including depreciation and amortization
	Rental operations		$	229,229		$	184,540		$	150,199
	Tenant reinsurance			9,022			7,869			6,143
	Property management, acquisition and development			68,879			59,746			58,012


			$	307,130		$	252,155		$	214,354


	Income (loss) from operations
	Rental operations		$	217,453		$	162,334		$	118,526
	Tenant reinsurance			38,295			28,947			25,038
	Property management, acquisition and development			(42,265	)		(34,040	)		(28,088	)


			$	213,483		$	157,241		$	115,476


	Gain on sale of real estate assets
	Rental operations		$	960		$	—		$	—


	Loss on extinguishment of debt related to portfolio acquisition
	Property management, acquisition and development		$	(9,153	)	$	—		$	—


	Interest expense
	Rental operations		$	(69,702	)	$	(70,472	)	$	(66,598	)
Property management, acquisition and development			(1,928	)		(1,378	)		(703	)


		$	(71,630	)	$	(71,850	)	$	(67,301	)


Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes
Property management, acquisition and development		$	(1,404	)	$	(444	)	$	(1,761	)


Interest income
Tenant reinsurance		$	17		$	12		$	11
Property management, acquisition and development			732			1,804			1,016


		$	749		$	1,816		$	1,027


Interest income on note receivable from Preferred Operating Partnership unit holder
Property management, acquisition and development		$	4,850		$	4,850		$	4,850


Equity in earnings of unconsolidated real estate ventures
Rental operations		$	11,653		$	10,859		$	7,287


Equity in earnings of unconsolidated real estate ventures-gain on sale of real estate assets and purchase of joint venture partners interests
Rental operations		$	46,032		$	30,630		$	—


Income tax expense
Rental operations		$	(149	)	$	(660	)	$	(696	)
Tenant reinsurance			(13,409	)		(10,399	)		(8,767	)
Property management, acquisition and development			3,574			5,646			8,308


		$	(9,984	)	$	(5,413	)	$	(1,155	)


Net income (loss)
Rental operations		$	206,247		$	132,691		$	58,519
Tenant reinsurance			24,903			18,560			16,282
Property management, acquisition and development			(45,594	)		(23,562	)		(16,378	)


		$	185,556		$	127,689		$	58,423


Depreciation and amortization expense
Property management, acquisition and development		$	6,015		$	3,941		$	3,296
Rental operations			89,217			70,512			54,718


		$	95,232		$	74,453		$	58,014


Statement of Cash Flows
Acquisition, development and redevelopment of real estate assets
Property management, acquisition and development		$	(356,425	)	$	(605,486	)	$	(202,019	)

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2013

COMMITMENTS AND CONTINGENCIES

22. COMMITMENTS AND CONTINGENCIES

The Company has operating leases on its corporate offices and owns 18 self-storage facilities that are subject to leases. At December 31, 2013, future minimum rental payments under these non-cancelable operating leases were as follows (unaudited):

Less than 1 year

7,806

Year 2

5,690

Year 3

4,565

Year 4

3,274

Year 5

2,660

Thereafter

45,862

69,857

The monthly rental amounts for two of the ground leases include contingent rental payments based on the level of revenue achieved at the properties. The Company recorded expense of $2,983, $2,830 and $2,799 related to these ground leases in the years ended December 31, 2013, 2012 and 2011, respectively.

The Company has fully guaranteed loans for the following unconsolidated joint venture (unaudited):

Date of

Loan

Guaranteed

Estimated

Guaranty

Maturity

Loan Amount

Fair Market

Date

Value of

Assets

Extra Space of Sacramento One LLC

9-Apr

14-Apr

4,307

9,290

If the joint venture defaults on the loan, the Company may be forced to repay the loan. Repossessing and/or selling the self-storage facility and land that collateralize the loan could provide funds sufficient to reimburse the Company. The Company has recorded no liability in relation to this guarantee as of December 31, 2013, as the fair value of the guarantee is not material. The Company believes the risk of incurring a material loss as a result of having to perform on this guarantee is remote.

As of December 31, 2013, the Company was not involved in any material litigation nor, to its knowledge, is any material litigation threatened against it which, in the opinion of management, is expected to have a material adverse effect on the Company's financial condition or results of operations.

SUPPLEMENTARY_QUARTERLY_FINANC

SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)	Dec. 31, 2013
SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)	'
SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)	'

	23. SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)


		For the Three Months Ended
		March 31,		June 30,		September 30,		December 31,
		2013		2013		2013		2013
	Revenues	$	119,322	$	126,246	$	133,111	$	141,934
	Cost of operations		72,593		72,871		77,047		84,619


	Revenues less cost of operations	$	46,729	$	53,375	$	56,064	$	57,315




	Net income	$	33,931	$	37,101	$	32,352	$	82,172




	Net income attributable to common stockholders	$	31,425	$	34,466	$	29,245	$	76,940




	Earnings per common share—basic	$	0.28	$	0.31	$	0.26	$	0.68
	Earnings per common share—diluted	$	0.28	$	0.31	$	0.26	$	0.67





		For the Three Months Ended
		March 31,		June 30,		September 30,		December 31,
		2012		2012		2012		2012
	Revenues	$	90,987	$	94,951	$	109,791	$	113,667
	Cost of operations		58,217		57,076		66,307		70,555


	Revenues less cost of operations	$	32,770	$	37,875	$	43,484	$	43,112




	Net income	$	22,518	$	24,745	$	41,553	$	38,873




	Net income attributable to common stockholders	$	20,214	$	22,413	$	38,606	$	36,076




	Earnings per common share—basic	$	0.21	$	0.22	$	0.37	$	0.33
	Earnings per common share—diluted	$	0.21	$	0.22	$	0.37	$	0.33

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'

	24. SUBSEQUENT EVENTS

	On February 5, 2014 the Company purchased a single property located in Texas for $14,150.

	On January 7, 2014 the Company acquired a portfolio of 17 properties located in Virginia for $199,665.

Schedule_III_Real_Estate_and_A

Schedule III Real Estate and Accumulated Depreciation	12 Months Ended
Schedule III Real Estate and Accumulated Depreciation	Dec. 31, 2013
Schedule III Real Estate and Accumulated Depreciation	'
Schedule III Real Estate and Accumulated Depreciation	'

	Extra Space Storage Inc.
	Schedule III
	Real Estate and Accumulated Depreciation
	(Dollars in thousands)


																					Gross carrying amount at
																Adjustments					December 31, 2013												Date
																and costs																	acquired or
																subsequent																	development
	Property		Property Name		State		Debt			Land			Building and			to acquisition			Notes		Land			Building and			Total			Accumulated			completed
										initial			improvements											improvements						depreciation
										cost			initial cost
	8115		Auburn		AL		$	2,499		$	324		$	1,895		$	112				$	324		$	2,007		$	2,331		$	197		10-Aug
	8116		Auburn		AL			—			92			138			158					92			296			388			53		10-Aug
	751		Birmingham		AL			4,665			790			9,369			34					790			9,403			10,193			352		12-Jul
	654		Hoover		AL			2,712			1,313			2,858			621					1,313			3,479			4,792			936		7-Aug
	1542		Chandler		AZ			—			547			4,213			3					547			4,216			4,763			50		13-Jul
	239		Mesa		AZ			3,291			1,129			4,402			40					1,129			4,442			5,571			168		12-Jul
	1499		Mesa		AZ			—			2,973			5,545			76					2,973			5,621			8,594			155		12-Dec
	1543		Mesa		AZ			—			1,453			2,897			16					1,453			2,913			4,366			35		13-Jul
	8066		Mesa		AZ			—			849			2,547			165					849			2,712			3,561			691		4-Aug
	1211		Peoria		AZ			4,374			652			4,105			136					652			4,241			4,893			843		6-Apr
	1431		Peoria		AZ			—			1,060			4,731			12					1,060			4,743			5,803			352		11-Jan
	338		Phoenix		AZ			7,053			1,441			7,982			562					1,441			8,544			9,985			2,071		5-Jul
	659		Phoenix		AZ			—			669			4,135			248					669			4,383			5,052			858		7-Jan
	822		Phoenix		AZ			—			2,257			7,820			42					2,257			7,862			10,119			227		12-Nov
	1356		Phoenix		AZ			3,361			552			3,530			230					552			3,760			4,312			815		6-Jun
	814		Tucson		AZ			—			1,090			7,845			22					1,090			7,867			8,957			228		12-Nov
	1370		Alameda		CA			—			2,919			12,984			2,027					2,919			15,011			17,930			3,062		7-Jun
	1522		Alhambra		CA			—			10,109			6,065			2					10,109			6,067			16,176			45		13-Aug
	1523		Anaheim		CA			—			3,593			3,330			10					3,593			3,340			6,933			25		13-Aug
	1524		Anaheim		CA			—			2,519			2,886			8					2,519			2,894			5,413			22		13-Aug
	1232		Antelope		CA			—			1,525			8,345			(299	)				1,185			8,386			9,571			1,136		8-Jul
	1471		Bellflower		CA			1,264			640			1,350			35					640			1,385			2,025			82		11-Oct
	1222		Belmont		CA			—			3,500			7,280			52					3,500			7,332			10,832			1,208		7-May
	1371		Berkeley		CA			19,782			1,716			19,602			1,843					1,716			21,445			23,161			3,882		7-Jun
	1472		Bloomington		CA			—			934			1,937			156					934			2,093			3,027			149		11-Oct
	1473		Bloomington		CA			—			647			1,303			130					647			1,433			2,080			93		11-Oct
	1071		Burbank		CA			—			3,199			5,082			1,751					3,618			6,414			10,032			2,266		Aug-00
	1525		Burbank		CA			—			4,061			5,318			2					4,061			5,320			9,381			40		13-Aug
	1461		Burlingame		CA			5,441			2,211			5,829			114					2,211			5,943			8,154			423		11-Apr
	1256		Carson		CA			—			—			9,709			74					—			9,783			9,783			702		11-Mar
	1372		Castro Valley		CA			—			—			6,346			384					—			6,730			6,730			1,147		7-Jun
	1474		Cerritos		CA			17,173			8,728			15,895			565					8,728			16,460			25,188			953		11-Oct
	224		Chatsworth		CA			10,675			5,853			11,286			382					9,921			7,600			17,521			869		13-Nov
	1004		Claremont		CA			—			1,472			2,012			231					1,472			2,243			3,715			618		4-Jun
	1475		Claremont		CA			—			1,375			1,434			168					1,375			1,602			2,977			93		11-Oct
	1373		Colma		CA			23,332			3,947			22,002			2,242					3,947			24,244			28,191			4,561		7-Jun
	1255		Compton		CA			—			1,426			7,582			42					1,426			7,624			9,050			1,042		8-Sep
	1526		Concord		CA			—			3,082			2,822			7					3,082			2,829			5,911			21		13-Aug
	1404		El Cajon		CA			—			1,100			6,380			46					1,100			6,426			7,526			692		9-Sep
	1378		El Sobrante		CA			—			1,209			4,018			1,280					1,209			5,298			6,507			1,154		7-Jun
	683		Elk Grove		CA			—			894			6,949			—					894			6,949			7,843			7		13-Dec
	696		Elk Grove		CA			—			640			8,640			—					640			8,640			9,280			9		13-Dec
	1166		Elk Grove		CA			2,936			952			6,936			441					1,075			7,254			8,329			611		7-Dec
	765		Fair Oaks		CA			4,337			644			11,287			—					644			11,287			11,931			12		13-Dec
	1121		Fontana		CA			5,418			1,246			3,356			477					1,300			3,779			5,079			1,037		3-Oct
	1157		Fontana		CA			3,280			961			3,846			428					1,000			4,235			5,235			1,296		2-Sep
	1476		Fontana		CA			—			768			4,208			117					768			4,325			5,093			254		11-Oct
	1477		Fontana		CA			—			778			4,723			119					778			4,842			5,620			291		11-Oct
	1478		Fontana		CA			3,997			684			3,951			97					684			4,048			4,732			241		11-Oct
1031		Glendale		CA			—			—			6,084			254					—			6,338			6,338			1,644		4-Jun
305		Hawaiian Gardens		CA			9,468			2,964			12,478			95					2,964			12,573			15,537			487		12-Jul
1030		Hawthorne		CA			3,858			1,532			3,871			236					1,532			4,107			5,639			1,093		4-Jun
1374		Hayward		CA			8,585			3,149			8,006			2,359					3,149			10,365			13,514			2,194		7-Jun
177		Hemet		CA			5,051			1,146			6,369			272					1,146			6,641			7,787			1,546		5-Jul
1479		Hesperia		CA			—			156			430			105					156			535			691			47		11-Oct
1070		Inglewood		CA			5,530			1,379			3,343			961					1,529			4,154			5,683			1,557		Aug-00
1480		Irvine		CA			5,056			3,821			3,999			59					3,821			4,058			7,879			240		11-Oct
1481		Lake Elsinore		CA			3,310			587			4,219			179					587			4,398			4,985			252		11-Oct
1482		Lake Elsinore		CA			—			294			2,105			80					294			2,185			2,479			129		11-Oct
1278		Lancaster		CA			—			1,425			5,855			79					1,425			5,934			7,359			619		9-Oct
1358		Lancaster		CA			5,706			1,347			5,827			234					1,347			6,061			7,408			1,278		6-Jul
1013		Livermore		CA			—			1,134			4,615			227					1,134			4,842			5,976			1,233		4-Jun
1483		Long Beach		CA			2,733			1,772			2,539			103					1,772			2,642			4,414			160		11-Oct
354		Long Beach		CA			5,909			2,205			8,356			290					5,859			4,992			10,851			627		13-Nov
352		Los Angeles		CA			10,345			4,555			10,590			33					4,555			10,623			15,178			400		12-Jul
353		Los Angeles		CA			5,276			3,099			4,889			35					3,099			4,924			8,023			188		12-Jul
1057		Los Angeles		CA			9,014			1,431			2,976			743					1,611			3,539			5,150			1,263		Mar-00
1160		Los Angeles		CA			—			3,991			9,774			55					3,991			9,829			13,820			1,531		7-Dec
1235		Los Angeles		CA			4,862			2,200			8,108			47					2,200			8,155			10,355			1,117		8-Sep
1563		Los Angeles		CA			—			287			2,011			—					287			2,011			2,298			2		13-Dec
1296		Los Gatos		CA			—			2,550			8,257			52					2,550			8,309			10,859			402		12-Jul
8055		Manteca		CA			3,673			848			2,543			146					848			2,689			3,537			717		4-Jan
107		Marina del Rey		CA			17,537			14,875			22,464			1,332					19,928			18,743			38,671			1,588		13-Nov
1527		Menlo Park		CA			—			7,675			1,812			3					7,675			1,815			9,490			14		13-Aug
1383		Modesto		CA			3,231			909			3,043			269					909			3,312			4,221			651		7-Jun
1528		Modesto		CA			—			1,647			4,215			8					1,647			4,223			5,870			32		13-Aug
231		Moreno Valley		CA			2,121			482			3,484			21					482			3,505			3,987			132		12-Jul
484		North Highlands		CA			2,097			1,020			2,516			75					798			2,813			3,611			288		13-Nov
1122		North Hollywood		CA			7,069			3,125			9,257			138					3,125			9,395			12,520			1,861		6-May
1529		North Hollywood		CA			—			4,501			4,465			2					4,501			4,467			8,968			33		13-Aug
1530		Northridge		CA			—			3,641			2,872			3					3,641			2,875			6,516			22		13-Aug
1053		Oakland		CA			4,271			—			3,777			990					—			4,767			4,767			1,764		Apr-00
1267		Oakland		CA			—			3,024			11,321			160					3,024			11,481			14,505			1,059		10-May
1531		Oakland		CA			—			6,359			5,753			5					6,359			5,758			12,117			43		13-Aug
1566		Oakland		CA			—			1,668			7,652			—					1,668			7,652			9,320			8		13-Dec
645		Oceanside		CA			9,245			3,241			11,361			722					3,241			12,083			15,324			2,889		5-Jul
825		Orange		CA			12,660			4,847			12,341			140					4,847			12,481			17,328			360		12-Nov
695		Oxnard		CA			—			5,421			6,761			—					5,421			6,761			12,182			7		13-Dec
1254		Pacoima		CA			2,257			3,050			7,597			81					3,050			7,678			10,728			852		9-Aug
1111		Palmdale		CA			4,885			1,225			5,379			2,197					1,225			7,576			8,801			1,724		5-Jan
1484		Paramount		CA			2,630			1,404			2,549			121					1,404			2,670			4,074			163		11-Oct
1020		Pico Rivera		CA			4,150			1,150			3,450			161					1,150			3,611			4,761			1,160		Aug-00
1485		Placentia		CA			6,832			4,798			5,483			165					4,798			5,648			10,446			331		11-Oct
1382		Pleasanton		CA			7,127			1,208			4,283			418					1,208			4,701			5,909			1,001		7-May
1029		Richmond		CA			4,944			953			4,635			607					953			5,242			6,195			1,409		4-Jun
1532		Richmond		CA			—			3,139			7,437			6					3,139			7,443			10,582			56		13-Sep
8016		Riverside		CA			—			1,075			4,042			515					1,075			4,557			5,632			1,226		4-Aug
684		Rocklin		CA			—			1,745			8,005			—					1,745			8,005			9,750			9		13-Dec
1555		Rohnert Park		CA			—			990			8,094			4					990			8,098			9,088			26		13-Nov
328		Sacramento		CA			4,003			852			4,720			463					852			5,183			6,035			1,281		5-Jul
1273		Sacramento		CA			3,082			1,738			5,522			107					1,844			5,523			7,367			469		10-Oct
1433		Sacramento		CA			—			2,400			7,425			74					2,400			7,499			9,899			830		9-Sep
1007		San Bernardino		CA			—			1,213			3,061			109					1,173			3,210			4,383			843		4-Jun
1194		San Bernardino		CA			—			750			5,135			69					750			5,204			5,954			969		6-Jun
1533		San Diego		CA			—			5,919			6,729			6					5,919			6,735			12,654			50		13-Aug
1486		San Dimas		CA			5,466			1,867			6,354			132					1,867			6,486			8,353			376		11-Oct
1368		San Francisco		CA			12,498			8,457			9,928			1,767					8,457			11,695			20,152			2,368		7-Jun
1534		San Francisco		CA			—			5,098			4,054			7					5,098			4,061			9,159			30		13-Aug
1491		San Jose		CA			2,514			2,428			2,323			97					2,428			2,420			4,848			96		12-Jul
8145		San Jose		CA			—			5,340			6,821			197					5,340			7,018			12,358			753		9-Sep
1257		San Leandro		CA			—			3,343			6,630			(85	)				3,291			6,597			9,888			548		10-Oct
1377		San Leandro		CA			14,812			4,601			9,777			1,933					4,601			11,710			16,311			2,429		7-Aug
1535		San Ramon		CA			—			4,819			5,819			2					4,819			5,821			10,640			44		13-Aug
1536		Santa Ana		CA			—			3,485			2,382			6					3,485			2,388			5,873			18		13-Aug
1261		Santa Clara		CA			8,249			4,750			8,218			31					4,750			8,249			12,999			915		9-Jul
721		Santa Cruz		CA			8,828			1,588			11,160			18					1,588			11,178			12,766			419		12-Jul
1384		Santa Fe Springs		CA			6,590			3,617			7,022			285					3,617			7,307			10,924			1,300		7-Oct
1487		Santa Maria		CA			2,980			1,556			2,740			208					1,556			2,948			4,504			177		11-Oct
1488		Santa Maria		CA			3,228			1,310			3,526			59					1,310			3,585			4,895			209		11-Oct
8008		Sherman Oaks		CA			16,732			4,051			12,152			308					4,051			12,460			16,511			3,056		4-Aug
1275		Simi Valley		CA			—			5,533			—			(3,308	)				2,225			—			2,225			—
1537		Stanton		CA			—			5,022			2,267			5					5,022			2,272			7,294			17		13-Aug
1095		Stockton		CA			2,506			649			3,272			172					649			3,444			4,093			1,066		2-May
1564		Stockton		CA			—			3,619			2,443			—					3,619			2,443			6,062			3		13-Dec
1538		Sunnyvale		CA			—			10,732			5,004			3					10,732			5,007			15,739			37		13-Aug
1425		Sylmar		CA			—			3,058			4,671			249					3,058			4,920			7,978			834		8-May
1253		Thousand Oaks		CA			—			4,500			—			(1,000	)				3,500			—			3,500			—
1009		Torrance		CA			—			3,710			6,271			956					4,110			6,827			10,937			1,788		4-Jun
1112		Tracy		CA			5,159			778			2,638			808					911			3,313			4,224			935		3-Jul
1174		Tracy		CA			3,168			946			1,937			253					946			2,190			3,136			666		4-Apr
1379		Vallejo		CA			3,017			1,177			2,157			965					1,177			3,122			4,299			781		7-Jun
1539		Van Nuys		CA			—			7,939			2,576			6					7,939			2,582			10,521			19		13-Aug
8011		Venice		CA			14,658			2,803			8,410			193					2,803			8,603			11,406			2,106		4-Aug
1540		Ventura		CA			—			3,453			2,837			2					3,453			2,839			6,292			21		13-Aug
1489		Victorville		CA			—			151			751			138					151			889			1,040			58		11-Oct
144		Watsonville		CA			3,241			1,699			3,056			216					1,699			3,272			4,971			795		5-Jul
1083		Whittier		CA			3,400			—			2,985			170					—			3,155			3,155			970		2-Jun
1541		Wilmington		CA			—			6,792			10,726			3					6,792			10,729			17,521			80		13-Aug
1073		Arvada		CO			1,861			286			1,521			671					286			2,192			2,478			918		Sep-00
1458		Castle Rock		CO			1,151			407			3,077			164					407			3,241			3,648			230		11-May
665		Colorado Springs		CO			3,919			781			3,400			230					781			3,630			4,411			679		7-Aug
744		Colorado Springs		CO			4,368			1,525			4,310			241					1,525			4,551			6,076			665		8-Nov
1459		Colorado Springs		CO			1,782			296			4,199			198					296			4,397			4,693			314		11-Jun
1460		Colorado Springs		CO			—			—			6,945			79					—			7,024			7,024			264		12-Jul
679		Denver		CO			3,777			368			1,574			228					368			1,802			2,170			474		5-Jul
1074		Denver		CO			2,635			602			2,052			1,299					745			3,208			3,953			1,173		Sep-00
1359		Parker		CO			5,108			800			4,549			758					800			5,307			6,107			1,150		6-Sep
1075		Thornton		CO			2,886			212			2,044			1,100					248			3,108			3,356			1,195		Sep-00
1076		Westminster		CO			2,177			291			1,586			1,021					299			2,599			2,898			1,122		Sep-00
568		Brookfield		CT			5,187			991			7,891			106					991			7,997			8,988			305		12-Jul
1079		Groton		CT			—			1,277			3,992			435					1,277			4,427			5,704			1,310		4-Jan
1192		Middletown		CT			2,853			932			2,810			183					932			2,993			3,925			486		7-Dec
1553		Newington		CT			—			1,363			2,978			1					1,363			2,979			4,342			10		13-Nov
1097		Wethersfield		CT			4,133			709			4,205			219					709			4,424			5,133			1,328		2-Aug
1492		Auburndale		FL			1,297			470			1,076			139					470			1,215			1,685			57		12-May
831		Brandon		FL			—			1,327			5,656			126					1,327			5,782			7,109			168		12-Nov
1392		Coral Springs		FL			6,461			3,638			6,590			254					3,638			6,844			10,482			1,076		8-Jun
752		Deland		FL			2,823			1,318			3,971			263					1,318			4,234			5,552			909		6-Jan
1402		Estero		FL			—			2,198			8,215			59					2,198			8,274			10,472			911		9-Jul
819		Fort Lauderdale		FL			—			1,576			5,397			192					1,576			5,589			7,165			160		12-Nov
101		Fort Myers		FL			4,194			1,985			4,983			429					1,985			5,412			7,397			1,346		5-Jul
1308		Fort Myers		FL			2,830			1,691			4,711			279					1,691			4,990			6,681			1,294		4-Aug
1310		Ft Lauderdale		FL			2,542			1,587			4,205			315					1,587			4,520			6,107			1,202		4-Aug
1427		Ft Lauderdale		FL			—			2,750			7,002			527					2,750			7,529			10,279			543		11-May
1337		Greenacres		FL			2,615			1,463			3,244			122					1,463			3,366			4,829			813		5-Mar
1266		Hialeah		FL			—			2,800			7,588			96					2,800			7,684			10,484			1,067		8-Aug
1403		Hialeah		FL			—			1,678			6,807			36					1,678			6,843			8,521			580		10-Sep
1409		Hialeah		FL			—			1,750			7,150			74					1,750			7,224			8,974			739		10-Jan
763		Hollywood		FL			6,858			3,214			8,689			313					3,214			9,002			12,216			1,502		7-Nov
1424		Kendall		FL			—			2,375			5,543			70					2,375			5,613			7,988			368		11-Feb
1493		Lakeland		FL			3,926			593			4,701			150					593			4,851			5,444			223		12-May
1494		Lakeland		FL			5,640			871			6,905			208					871			7,113			7,984			310		12-May
8298		Land O Lakes		FL			—			798			4,490			(57	)				798			4,433			5,231			118		12-Dec
1314		Madeira Beach		FL			3,915			1,686			5,163			244					1,686			5,407			7,093			1,364		4-Aug
1068		Margate		FL			3,421			430			3,139			704					469			3,804			4,273			1,358		Aug-00
207		Miami		FL			5,814			4,867			7,126			382					5,042			7,333			12,375			572		13-Nov
208		Miami		FL			5,793			1,979			6,513			113					1,979			6,626			8,605			253		12-Jul
254		Miami		FL			8,121			3,257			9,713			102					3,257			9,815			13,072			374		12-Jul
1066		Miami		FL			3,126			1,325			4,395			946					1,439			5,227			6,666			1,881		Aug-00
1067		Miami		FL			8,056			5,315			4,305			1,383					5,859			5,144			11,003			1,786		Aug-00
1385		Miami		FL			4,561			1,238			7,597			290					1,238			7,887			9,125			1,448		7-May
1466		Miami		FL			—			521			5,198			123					521			5,321			5,842			324		11-Oct
8133		Miami		FL			—			3,305			11,997			—					3,305			11,997			15,302			38		13-Nov
1429		Miami		FL			6,853			4,798			9,475			118					4,798			9,593			14,391			995		9-Nov
149		Naples		FL			5,147			2,226			4,655			(4	)				1,990			4,887			6,877			332		13-Nov
8144		Naranja		FL			—			603			11,223			—					603			11,223			11,826			36		13-Nov
8297		North Fort Myers		FL			—			799			2,372			(3,171	)	(a)			—			—			—			—		12-Dec
1064		North Lauderdale		FL			4,186			428			3,516			1,004					459			4,489			4,948			1,722		Aug-00
1060		North Miami		FL			—			1,256			6,535			567					1,256			7,102			8,358			1,903		4-Jun
1335		Ocoee		FL			3,113			872			3,642			209					872			3,851			4,723			977		5-Mar
1317		Orlando		FL			4,339			1,216			5,008			351					1,216			5,359			6,575			1,389		4-Aug
1333		Orlando		FL			4,106			2,233			9,223			371					2,233			9,594			11,827			2,337		5-Mar
1334		Orlando		FL			5,811			1,474			6,101			271					1,474			6,372			7,846			1,530		5-Mar
1336		Orlando		FL			4,062			1,166			4,816			1,248					1,166			6,064			7,230			1,374		5-Mar
8136		Orlando		FL			—			625			2,133			73					625			2,206			2,831			216		10-Jul
1560		Palm Springs		FL			—			2,108			8,028			1					2,108			8,029			10,137			26		13-Nov
1432		Plantation		FL			—			3,850			—			(1,504	)				2,346			—			2,346			—
1318		Port Charlotte		FL			—			1,389			4,632			211					1,389			4,843			6,232			1,222		4-Aug
1319		Riverview		FL			2,398			654			2,953			262					654			3,215			3,869			840		4-Aug
812		Sarasota		FL			—			4,666			9,016			208					4,666			9,224			13,890			265		12-Nov
8187		Seminole		FL			2,620			1,133			3,017			144					1,133			3,161			4,294			84		12-Dec
8137		St Petersburg		FL			2,531			805			3,345			32					805			3,377			4,182			91		12-Dec
545		Tampa		FL			4,003			1,425			4,766			310					1,425			5,076			6,501			1,012		7-Mar
1366		Tampa		FL			3,679			883			3,533			146					883			3,679			4,562			725		6-Nov
1324		Valrico		FL			4,590			1,197			4,411			229					1,197			4,640			5,837			1,198		4-Aug
692		Venice		FL			6,901			1,969			5,903			316					1,969			6,219			8,188			1,378		6-Jan
976		West Palm Beach		FL			3,812			1,752			4,909			408					1,752			5,317			7,069			1,368		5-Jul
1065		West Palm Beach		FL			1,484			1,164			2,511			717					1,246			3,146			4,392			1,135		Aug-00
1069		West Palm Beach		FL			1,709			1,312			2,511			851					1,416			3,258			4,674			1,232		Aug-00
1186		West Palm Beach		FL			3,458			1,729			4,058			77					1,729			4,135			5,864			221		11-Dec
515		West Palm Beach		FL			2,478			1,550			2,894			(11	)				1,595			2,838			4,433			236		13-Nov
693		Alpharetta		GA			2,589			1,893			3,161			153					1,893			3,314			5,207			692		6-Aug
815		Atlanta		GA			—			1,718			6,388			61					1,718			6,449			8,167			186		12-Nov
1304		Atlanta		GA			7,943			3,737			8,333			395					3,737			8,728			12,465			2,240		4-Aug
1320		Atlanta		GA			—			1,665			2,028			199					1,665			2,227			3,892			619		4-Aug
1338		Atlanta		GA			6,569			3,319			8,325			499					3,319			8,824			12,143			2,179		5-Feb
1544		Augusta		GA			—			710			2,299			3					710			2,302			3,012			7		13-Nov
699		Dacula		GA			3,773			1,993			3,001			127					1,993			3,128			5,121			673		6-Jan
8163		Douglasville		GA			—			1,209			719			310					1,209			1,029			2,238			122		10-Jun
753		Duluth		GA			3,522			1,454			4,151			129					1,454			4,280			5,734			754		7-Jun
8162		Kennesaw		GA			—			673			1,151			127					673			1,278			1,951			135		10-Jun
1552		Lawrenceville		GA			—			2,117			2,784			3					2,117			2,787			4,904			9		13-Nov
8134		Lithonia		GA			—			1,958			3,645			86					1,958			3,731			5,689			410		9-Nov
8161		Marietta		GA			—			887			2,617			213					887			2,830			3,717			285		10-Jun
1321		Snellville		GA			—			2,691			4,026			280					2,691			4,306			6,997			1,120		4-Aug
417		Stone Mountain		GA			2,629			925			3,505			305					925			3,810			4,735			912		5-Jul
1322		Stone Mountain		GA			2,870			1,817			4,382			293					1,817			4,675			6,492			1,189		4-Aug
745		Sugar Hill		GA			—			1,368			2,540			190					1,368			2,730			4,098			511		7-Jun
754		Sugar Hill		GA			—			1,371			2,547			184					1,371			2,731			4,102			512		7-Jun
1599		Tucker		GA			—			1,773			10,456			2					1,773			10,458			12,231			56		13-Oct
1313		Alpharetta		GL			—			1,973			1,587			248					1,973			1,835			3,808			494		4-Aug
1521		Honolulu		HI			—			4,674			18,350			12					4,674			18,362			23,036			295		13-May
1375		Kahului		HI			—			3,984			15,044			656					3,984			15,700			19,684			2,861		7-Jun
1376		Kapolei		HI			9,700			—			24,701			430					—			25,131			25,131			4,351		7-Jun
1567		Kapolei		HI			—			—			7,776			—					—			7,776			7,776			8		13-Dec
1520		Wahiawa		HI			—			1,317			2,626			15					1,317			2,641			3,958			43		13-May
8129		Bedford Park		IL			—			922			3,289			8					922			3,297			4,219			11		13-Nov
728		Chicago		IL			3,050			449			2,471			744					449			3,215			3,664			875		5-Jul
729		Chicago		IL			2,764			472			2,582			720					472			3,302			3,774			932		5-Jul
731		Chicago		IL			4,194			621			3,428			904					621			4,332			4,953			1,229		5-Jul
1226		Chicago		IL			—			1,925			—			—					1,925			—			1,925			—
1229		Chicago		IL			8,642			1,318			9,485			35					1,318			9,520			10,838			214		13-Feb
8130		Chicago		IL			—			1,363			5,850			—					1,363			5,850			7,213			19		13-Nov
8131		Chicago		IL			—			1,143			6,138			4					1,143			6,142			7,285			20		13-Nov
8259		Chicago		IL			—			2,881			6,324			—					2,881			6,324			9,205			20		13-Nov
1108		Crest Hill		IL			2,412			847			2,946			810					968			3,635			4,603			1,010		3-Jul
1171		Gurnee		IL			—			1,374			8,296			118					1,374			8,414			9,788			1,355		7-Oct
1178		Highland Park		IL			7,232			5,798			6,016			74					5,798			6,090			11,888			331		11-Dec
8132		Lincolnshire		IL			—			1,438			5,128			—					1,438			5,128			6,566			16		13-Nov
1173		Naperville		IL			4,934			1,860			5,793			79					1,860			5,872			7,732			315		11-Dec
1259		Naperville		IL			—			2,800			7,355			(731	)				1,950			7,474			9,424			982		8-Dec
1242		North Aurora		IL			2,485			600			5,833			121					600			5,954			6,554			875		8-May
730		Skokie		IL			4,131			1,119			7,502			194					1,119			7,696			8,815			292		12-Jul
1104		South Holland		IL			2,543			839			2,879			336					865			3,189			4,054			972		2-Oct
1263		Tinley Park		IL			—			1,823			4,794			(191	)				1,548			4,878			6,426			668		8-Aug
1393		Carmel		IN			—			1,169			4,393			238					1,169			4,631			5,800			716		8-Oct
1514		Connersville		IN			—			472			315			106					472			421			893			38		11-Jun
1394		Fort Wayne		IN			—			1,899			3,292			277					1,899			3,569			5,468			578		8-Oct
652		Indianapolis		IN			—			588			3,457			284					588			3,741			4,329			725		7-Aug
827		Indianapolis		IN			1,107			646			1,294			154					646			1,448			2,094			45		12-Nov
1395		Indianapolis		IN			—			426			2,903			308					426			3,211			3,637			538		8-Oct
1396		Indianapolis		IN			—			850			4,545			356					850			4,901			5,751			783		8-Oct
1397		Mishawaka		IN			2,648			630			3,349			247					630			3,596			4,226			578		8-Oct
1513		Richmond		IN			—			723			482			415					723			897			1,620			61		11-Jun
586		Wichita		KS			2,105			366			1,897			371					366			2,268			2,634			582		6-Apr
1515		Covington		KY			2,033			839			2,543			104					839			2,647			3,486			190		11-Jun
343		Louisville		KY			2,859			586			3,244			384					586			3,628			4,214			905		5-Jul
648		Louisville		KY			4,664			1,217			4,611			185					1,217			4,796			6,013			1,143		5-Jul
668		Louisville		KY			4,816			892			2,677			186					892			2,863			3,755			638		5-Dec
1315		Metairie		LA			3,848			2,056			4,216			173					2,056			4,389			6,445			1,110		4-Aug
1316		New Orleans		LA			5,441			4,058			4,325			626					4,058			4,951			9,009			1,331		4-Aug
1028		Ashland		MA			—			474			3,324			345					474			3,669			4,143			1,255		3-Jun
1010		Auburn		MA			—			918			3,728			262					918			3,990			4,908			1,421		4-May
1546		Billerica		MA			—			3,023			6,697			—					3,023			6,697			9,720			21		13-Nov
1025		Brockton		MA			—			647			2,762			165					647			2,927			3,574			967		4-May
1547		Brockton		MA			—			829			6,195			—					829			6,195			7,024			20		13-Nov
8074		Danvers		MA			—			3,115			5,736			65					3,115			5,801			8,916			167		12-Nov
1056		Dedham		MA			—			2,127			3,041			562					2,127			3,603			5,730			1,311		2-Mar
1205		Dedham		MA			—			2,443			7,328			1,356					2,443			8,684			11,127			2,384		4-Feb
1208		East Somerville		MA			—			—			—			167					—			167			167			107		4-Feb
675		Everett		MA			—			692			2,129			773					692			2,902			3,594			821		5-Jul
1001		Foxboro		MA			—			759			4,158			559					759			4,717			5,476			1,917		4-May
734		Framingham		MA			—			—			—			20					—			20			20			3		12-Jul
1002		Hudson		MA			3,368			806			3,122			361					806			3,483			4,289			1,365		4-May
1098		Jamaica Plain		MA			9,685			3,285			11,275			580					3,285			11,855			15,140			1,835		7-Dec
1084		Kingston		MA			—			555			2,491			171					555			2,662			3,217			950		2-Oct
7002		Lynn		MA			—			1,703			3,237			375					1,703			3,612			5,315			1,248		1-Jun
1035		Marshfield		MA			4,667			1,039			4,155			243					1,026			4,411			5,437			1,156		4-Mar
1099		Milton		MA			—			2,838			3,979			6,606					2,838			10,585			13,423			2,167		2-Nov
1554		North Andover		MA			—			773			4,120			—					773			4,120			4,893			13		13-Nov
1011		North Oxford		MA			—			482			1,762			462					528			2,178			2,706			855		Oct-99
1022		Northborough		MA			4,599			280			2,715			512					280			3,227			3,507			1,237		1-Feb
1019		Norwood		MA			6,729			2,160			2,336			1,704					2,221			3,979			6,200			1,304		Aug-99
519		Plainville		MA			5,064			2,223			4,430			403					2,223			4,833			7,056			1,420		5-Jul
1204		Quincy		MA			—			1,359			4,078			250					1,359			4,328			5,687			1,212		4-Feb
1023		Raynham		MA			—			588			2,270			737					670			2,925			3,595			1,019		May-00
1135		Revere		MA			5,099			2,275			6,935			76					2,275			7,011			9,286			381		11-Dec
1094		Saugus		MA			—			1,725			5,514			645					1,725			6,159			7,884			1,925		3-Jun
1107		Somerville		MA			12,180			1,728			6,570			648					1,731			7,215			8,946			2,311		1-Jun
746		Stoneham		MA			6,005			944			5,241			170					944			5,411			6,355			1,259		5-Jul
1047		Stoughton		MA			—			1,754			2,769			283					1,754			3,052			4,806			1,126		4-May
261		Tyngsboro		MA			3,523			1,843			5,004			30					1,843			5,034			6,877			193		12-Jul
1206		Waltham		MA			5,256			3,770			11,310			1,108					3,770			12,418			16,188			3,255		4-Feb
7001		Weymouth		MA			—			2,806			3,129			218					2,806			3,347			6,153			1,234		Sep-00
1207		Woburn		MA			—			—			—			290					—			290			290			138		4-Feb
1003		Worcester		MA			4,568			896			4,377			3,159					896			7,536			8,432			2,251		4-May
1219		Worcester		MA			4,179			1,350			4,433			129					1,350			4,562			5,912			870		6-Dec
152		Annapolis		MD			6,134			1,375			8,896			310					1,375			9,206			10,581			1,642		7-Aug
1381		Annapolis		MD			6,575			5,248			7,247			192					5,248			7,439			12,687			1,348		7-Apr
919		Arnold		MD			9,054			2,558			9,446			417					2,558			9,863			12,421			2,272		5-Jul
750		Baltimore		MD			4,644			1,185			5,051			130					1,185			5,181			6,366			216		12-May
1218		Baltimore		MD			3,936			1,266			10,789			65					1,266			10,854			12,120			244		13-Feb
1233		Baltimore		MD			4,487			800			5,955			110					800			6,065			6,865			822		8-Nov
1439		Baltimore		MD			—			1,900			5,277			131					1,900			5,408			7,308			501		10-Jun
552		Bethesda		MD			12,200			3,671			18,331			427					3,671			18,758			22,429			4,779		5-Jul
1453		Capitol Heights		MD			8,447			1,461			9,866			201					1,461			10,067			11,528			865		10-Oct
757		Cockeysville		MD			3,959			465			5,600			200					465			5,800			6,265			278		12-Mar
950		Columbia		MD			8,006			1,736			9,632			265					1,736			9,897			11,633			2,266		5-Jul
1262		Edgewood		MD			—			1,000			—			(575	)				425			—			425			—
980		Ft. Washington		MD			9,232			4,920			9,174			208					4,920			9,382			14,302			1,742		7-Jan
258		Gambrills		MD			4,926			1,905			7,104			25					1,905			7,129			9,034			268		12-Jul
8248		Glen Burnie		MD			4,585			1,303			4,218			286					1,303			4,504			5,807			320		11-Jul
1500		Hanover		MD			7,240			2,160			11,340			68					2,160			11,408			13,568			159		13-Jun
1195		Lanham		MD			12,477			3,346			10,079			583					2,618			11,390			14,008			3,098		4-Feb
1292		Laurel Heights		MD			6,104			3,000			5,930			87					3,000			6,017			9,017			978		7-Dec
512		Lexington Park		MD			—			4,314			8,412			81					4,314			8,493			12,807			227		12-Dec
918		Pasadena		MD			3,810			1,869			3,056			701					1,869			3,757			5,626			701		8-Sep
1287		Pasadena		MD			—			3,500			7,407			128					3,500			7,535			11,035			501		11-Mar
8211		Randallstown		MD			4,645			764			6,331			207					764			6,538			7,302			420		11-Aug
380		Rockville		MD			12,348			4,596			11,328			308					4,596			11,636			16,232			2,249		6-Sep
507		Towson		MD			3,908			861			4,742			211					861			4,953			5,814			1,187		5-Jul
588		Towson		MD			6,231			1,094			9,598			45					1,094			9,643			10,737			363		12-Jul
553		Belleville		MI			4,030			954			4,984			56					954			5,040			5,994			189		12-Jul
309		Grandville		MI			1,620			726			1,298			396					726			1,694			2,420			503		5-Jul
556		Mount Clemens		MI			2,002			798			1,796			439					798			2,235			3,033			569		5-Jul
664		Florissant		MO			3,509			1,241			4,648			326					1,241			4,974			6,215			981		7-Aug
985		Grandview		MO			1,048			612			1,770			387					612			2,157			2,769			635		5-Jul
656		St. Louis		MO			—			1,444			4,162			339					1,444			4,501			5,945			874		7-Aug
663		St. Louis		MO			2,720			676			3,551			304					676			3,855			4,531			765		7-Aug
1061		St. Louis		MO			2,677			631			2,159			616					690			2,716			3,406			1,010		Jun-00
1062		St. Louis		MO			2,647			156			1,313			617					173			1,913			2,086			765		Jun-00
8277		Cary		NC			—			3,614			1,788			1					3,614			1,789			5,403			10		13-Oct
8027		Merrimack		NH			3,887			754			3,299			599					817			3,835			4,652			1,168		Apr-99
738		Nashua		NH			—			—			755			101					—			856			856			286		5-Jul
1329		Avenel		NJ			7,739			1,518			8,037			331					1,518			8,368			9,886			2,043		5-Jan
1330		Bayville		NJ			3,842			1,193			5,312			340					1,193			5,652			6,845			1,424		4-Dec
1408		Bellmawr		NJ			—			3,600			4,765			265					3,675			4,955			8,630			617		8-Sep
8342		Berkeley Heights		NJ			—			1,598			7,553			73					1,598			7,626			9,224			291		12-Jul
818		Cherry Hill		NJ			—			2,323			1,549			106					2,323			1,655			3,978			52		12-Nov
1519		Cranbury		NJ			—			3,543			5,095			181					3,543			5,276			8,819			152		12-Nov
1115		Edison		NJ			—			2,519			8,547			717					2,519			9,264			11,783			2,973		1-Dec
1116		Egg Harbor Twp.		NJ			4,197			1,724			5,001			714					1,724			5,715			7,439			1,954		1-Dec
1258		Ewing		NJ			—			1,552			4,720			(83	)				1,563			4,626			6,189			864		7-Mar
8343		Fairfield		NJ			—			—			9,402			78					—			9,480			9,480			359		12-Jul
1516		Fort Lee		NJ			—			4,402			9,831			208					4,402			10,039			14,441			286		12-Nov
1038		Glen Rock		NJ			—			1,109			2,401			551					1,222			2,839			4,061			880		1-Mar
330		Hackensack		NJ			—			2,283			11,234			839					2,283			12,073			14,356			2,947		5-Jul
8346		Hackettstown		NJ			—			2,144			6,660			39					2,144			6,699			8,843			238		12-Aug
332		Harrison		NJ			3,654			300			6,003			168					300			6,171			6,471			233		12-Jul
1117		Hazlet		NJ			7,813			1,362			10,262			598					1,362			10,860			12,222			3,470		1-Dec
1039		Hoboken		NJ			7,981			2,687			6,092			254					2,687			6,346			9,033			1,940		2-Jul
1118		Howell		NJ			3,361			2,440			3,407			423					2,440			3,830			6,270			1,308		1-Dec
1120		Iselin		NJ			4,832			505			4,524			532					505			5,056			5,561			1,728		1-Dec
821		Lawnside		NJ			—			1,249			5,613			110					1,249			5,723			6,972			169		12-Nov
1196		Lawrenceville		NJ			5,575			3,402			10,230			494					3,402			10,724			14,126			2,866		4-Feb
739		Linden		NJ			3,786			1,517			8,384			248					1,517			8,632			10,149			1,957		5-Jul
1328		Lumberton		NJ			4,198			831			4,060			222					831			4,282			5,113			1,136		4-Dec
1040		Lyndhurst		NJ			—			2,679			4,644			1,014					2,929			5,408			8,337			1,650		1-Mar
8347		Mahwah		NJ			—			1,890			13,112			200					1,890			13,312			15,202			475		12-Aug
8093		Maple Shade		NJ			4,276			1,093			5,492			85					1,093			5,577			6,670			306		11-Dec
784		Merchantville		NJ			3,757			1,644			3,115			200					1,644			3,315			4,959			254		11-Jun
1054		Metuchen		NJ			5,830			1,153			4,462			276					1,153			4,738			5,891			1,515		1-Dec
1428		Monmouth Junction		NJ			3,052			1,700			5,835			122					1,700			5,957			7,657			609		9-Dec
8348		Montville		NJ			8,209			1,511			11,749			44					1,511			11,793			13,304			418		12-Aug
1197		Morrisville		NJ			—			2,487			7,494			1,214					2,487			8,708			11,195			2,352		4-Feb
381		Mt Laurel		NJ			3,099			329			5,217			72					329			5,289			5,618			206		12-Jul
1360		Neptune		NJ			7,445			4,204			8,906			316					4,204			9,222			13,426			1,763		6-Nov
8344		Newark		NJ			—			806			8,340			91					806			8,431			9,237			320		12-Jul
677		North Bergen		NJ			—			861			17,127			133					861			17,260			18,121			983		11-Oct
809		North Bergen		NJ			10,318			2,299			12,728			432					2,299			13,160			15,459			2,997		5-Jul
1089		North Bergen		NJ			9,411			2,100			6,606			355					2,100			6,961			9,061			2,032		3-Jul
8345		North Brunswick		NJ			—			2,789			4,404			95					2,789			4,499			7,288			177		12-Jul
1119		Old Bridge		NJ			5,685			2,758			6,450			990					2,758			7,440			10,198			2,455		1-Dec
810		Parlin		NJ			—			2,517			4,516			480					2,517			4,996			7,513			1,390		5-Jul
1032		Parlin		NJ			—			—			5,273			398					—			5,671			5,671			2,105		4-May
8341		Parsippany		NJ			—			2,353			7,798			103					2,353			7,901			10,254			306		12-Jul
655		Toms River		NJ			4,992			1,790			9,935			341					1,790			10,276			12,066			2,480		5-Jul
1331		Union		NJ			6,605			1,754			6,237			372					1,754			6,609			8,363			1,682		4-Dec
1517		Union		NJ			—			1,133			7,239			74					1,133			7,313			8,446			211		12-Nov
1518		Watchung		NJ			—			1,843			4,499			113					1,843			4,612			6,455			133		12-Nov
547		Albuquerque		NM			4,775			1,298			4,628			625					1,298			5,253			6,551			999		7-Aug
817		Albuquerque		NM			1,949			755			1,797			27					755			1,824			2,579			54		12-Nov
485		Santa Fe		NM			5,905			3,066			7,366			302					3,066			7,668			10,734			292		12-Jul
830		Henderson		NV			—			2,934			8,897			80					2,934			8,977			11,911			260		12-Nov
816		Las Vegas		NV			—			400			4,936			49					400			4,985			5,385			147		12-Nov
820		Las Vegas		NV			4,512			773			6,006			67					773			6,073			6,846			179		12-Nov
1058		Las Vegas		NV			1,194			251			717			517					278			1,207			1,485			520		Feb-00
1465		Las Vegas		NV			2,462			1,441			1,810			105					1,441			1,915			3,356			141		11-Jun
850		Las Vegas		NV			3,717			628			4,005			(453	)				279			3,901			4,180			429		13-Nov
409		Amsterdam		NY			—			715			241			(956	)	(a)			—			—			—			—		12-Jul
1391		Bohemia		NY			1,470			1,456			1,398			351					1,456			1,749			3,205			330		7-Dec
1042		Bronx		NY			18,369			3,450			21,210			347					3,450			21,557			25,007			1,142		11-Dec
1213		Bronx		NY			9,548			3,995			11,870			781					3,995			12,651			16,646			3,234		4-Aug
727		Brooklyn		NY			—			16,188			23,309			297					16,257			23,537			39,794			892		12-Jul
1399		Brooklyn		NY			20,074			12,993			10,405			306					12,993			10,711			23,704			1,492		8-Oct
1450		Brooklyn		NY			8,160			2,802			6,536			204					2,802			6,740			9,542			660		10-May
1398		Centereach		NY			4,191			2,226			1,657			192					2,226			1,849			4,075			286		8-Oct
8349		Central Valley		NY			—			2,800			12,173			380					2,800			12,553			15,353			446		12-Aug
1451		Freeport		NY			5,253			5,676			3,784			745					5,676			4,529			10,205			421		10-Nov
674		Hauppauge		NY			5,676			1,238			7,095			336					1,238			7,431			8,669			284		12-Jul
630		Hicksville		NY			8,939			2,581			10,677			29					2,581			10,706			13,287			402		12-Jul
405		Kingston		NY			4,959			837			6,199			15					837			6,214			7,051			234		12-Jul
502		Mount Vernon		NY			—			1,585			6,025			2,389					1,585			8,414			9,999			1,898		5-Jul
1087		Mount Vernon		NY			8,401			1,926			7,622			783					1,926			8,405			10,331			2,474		2-Nov
1055		Nanuet		NY			3,688			2,072			4,644			1,724					2,739			5,701			8,440			1,767		2-Feb
406		New Paltz		NY			4,564			2,059			3,715			410					2,059			4,125			6,184			1,096		5-Jul
539		New York		NY			19,326			3,060			16,978			696					3,060			17,674			20,734			4,095		5-Jul
1050		Plainview		NY			7,692			4,287			3,710			661					4,287			4,371			8,658			1,599		Dec-00
8350		Poughkeepsie		NY			—			1,038			7,862			71					1,038			7,933			8,971			303		12-Jul
470		Ridge		NY			6,264			1,762			6,934			16					1,762			6,950			8,712			261		12-Jul
1501		Cincinnati		OH			—			2,941			2,177			195					2,941			2,372			5,313			195		11-Jun
1502		Cincinnati		OH			4,638			1,815			5,733			219					1,815			5,952			7,767			435		11-Jun
1503		Cincinnati		OH			—			1,445			3,755			185					1,445			3,940			5,385			292		11-Jun
1504		Cincinnati		OH			—			1,217			1,941			109					1,217			2,050			3,267			151		11-Jun
438		Columbus		OH			2,764			483			2,654			568					483			3,222			3,705			940		5-Jul
522		Columbus		OH			1,430			657			2,025			13					727			1,968			2,695			163		13-Nov
525		Columbus		OH			3,622			924			5,113			247					1,227			5,057			6,284			495		13-Nov
1548		Fairfield		OH			—			904			3,856			7					904			3,863			4,767			12		13-Nov
1511		Greenville		OH			—			189			302			72					189			374			563			32		11-Jun
1505		Hamilton		OH			—			673			2,910			96					673			3,006			3,679			211		11-Jun
829		Hilliard		OH			2,110			1,613			2,369			208					1,613			2,577			4,190			82		12-Nov
365		Kent		OH			1,430			220			1,206			222					220			1,428			1,648			424		5-Jul
1506		Lebanon		OH			—			1,657			1,566			301					1,657			1,867			3,524			137		11-Jun
368		Mentor		OH			1,343			409			1,609			97					409			1,706			2,115			71		12-Jul
826		Mentor		OH			1,280			658			1,267			174					658			1,441			2,099			44		12-Nov
1507		Middletown		OH			1,310			534			1,047			93					534			1,140			1,674			88		11-Jun
1509		Sidney		OH			—			201			262			63					201			325			526			33		11-Jun
1510		Troy		OH			—			273			544			115					273			659			932			57		11-Jun
1512		Washington Court House		OH			—			197			499			61					197			560			757			47		11-Jun
367		Willoughby		OH			1,108			155			1,811			34					155			1,845			2,000			69		12-Jul
1508		Xenia		OH			1,655			302			1,022			60					302			1,082			1,384			84		11-Jun
288		Aloha		OR			6,207			1,221			6,262			265					1,221			6,527			7,748			1,561		5-Jul
286		Beaverton		OR			4,730			2,014			5,786			46					2,014			5,832			7,846			223		12-Jul
1294		King City		OR			3,081			2,520			6,845			45					2,520			6,890			9,410			720		9-Sep
1332		Bensalem		PA			3,329			1,131			4,525			288					1,131			4,813			5,944			1,237		4-Dec
1354		Bensalem		PA			—			750			3,015			180					750			3,195			3,945			708		6-Mar
1036		Doylestown		PA			—			220			3,442			1,055					521			4,196			4,717			1,325		Nov-99
1046		Kennedy Township		PA			2,591			736			3,173			188					736			3,361			4,097			1,234		4-May
1198		Philadelphia		PA			5,646			1,965			5,925			1,083					1,965			7,008			8,973			1,928		4-Feb
542		Philadelphia		PA			8,578			3,000			7,909			59					596			10,372			10,968			543		13-Nov
1045		Pittsburgh		PA			3,822			889			4,117			559					889			4,676			5,565			1,675		4-May
1063		Pittsburgh		PA			2,591			991			1,990			885					1,082			2,784			3,866			954		Aug-00
1048		Willow Grove		PA			5,182			1,297			4,027			212					1,297			4,239			5,536			361		11-Jan
741		Johnston		RI			6,767			2,658			4,799			462					2,658			5,261			7,919			1,339		5-Jul
1150		Johnston		RI			1,932			533			2,127			47					533			2,174			2,707			118		11-Dec
1303		Charleston		SC			3,521			1,279			4,171			213					1,279			4,384			5,663			1,109		4-Aug
1305		Columbia		SC			2,821			838			3,312			251					838			3,563			4,401			944		4-Aug
8174		Columbia		SC			3,310			1,784			2,745			59					1,784			2,804			4,588			105		12-Jul
1311		Goose Creek		SC			—			1,683			4,372			1,020					1,683			5,392			7,075			1,274		4-Aug
1323		Summerville		SC			—			450			4,454			179					450			4,633			5,083			1,178		4-Aug
578		Bartlett		TN			2,512			632			3,798			35					632			3,833			4,465			144		12-Jul
487		Cordova		TN			6,576			2,627			9,786			432					8,187			4,658			12,845			788		13-Nov
506		Cordova		TN			2,573			852			2,720			258					852			2,978			3,830			786		5-Jul
704		Cordova		TN			—			894			2,680			151					894			2,831			3,725			555		7-Jan
8122		Cordova		TN			2,057			652			1,791			72					652			1,863			2,515			142		11-Apr
823		Franklin		TN			—			3,357			8,984			143					3,357			9,127			12,484			267		12-Nov
198		Memphis		TN			2,002			1,255			2,909			77					1,313			2,928			4,241			255		13-Nov
252		Memphis		TN			2,955			1,154			4,217			119					803			4,687			5,490			313		13-Nov
374		Memphis		TN			1,041			110			1,280			19					110			1,299			1,409			49		12-Jul
680		Memphis		TN			1,713			274			2,623			21					274			2,644			2,918			101		12-Jul
811		Memphis		TN			3,538			1,040			3,867			113					1,040			3,980			5,020			116		12-Nov
813		Memphis		TN			2,629			1,617			2,875			87					1,617			2,962			4,579			85		12-Nov
574		Nashville		TN			2,892			390			2,598			690					390			3,288			3,678			941		6-Apr
1363		Allen		TX			4,605			901			5,553			214					901			5,767			6,668			1,127		6-Nov
1301		Arlington		TX			2,206			534			2,525			403					534			2,928			3,462			844		4-Aug
472		Austin		TX			2,287			2,790			4,991			134					3,411			4,504			7,915			360		13-Nov
1302		Austin		TX			5,169			870			4,455			327					870			4,782			5,652			1,259		4-Aug
476		Dallas		TX			4,194			5,061			8,224			223					7,143			6,365			13,508			644		13-Nov
514		Dallas		TX			11,432			1,980			12,501			344					1,980			12,845			14,825			2,642		6-May
561		Dallas		TX			2,032			337			2,216			483					337			2,699			3,036			729		6-Apr
629		Dallas		TX			5,306			921			7,656			64					921			7,720			8,641			289		12-Jul
1307		Dallas		TX			10,770			4,432			6,181			1,115					4,432			7,296			11,728			1,768		4-Aug
1497		Dallas		TX			3,926			2,542			3,274			196					2,542			3,470			6,012			131		12-Aug
795		Euless		TX			2,915			671			3,213			624					671			3,837			4,508			331		11-Apr
8081		Euless		TX			—			1,374			5,636			61					1,374			5,697			7,071			92		13-May
1309		Fort Worth		TX			4,775			631			5,794			272					631			6,066			6,697			1,551		4-Aug
1551		Fort Worth		TX			—			3,158			2,512			5					3,158			2,517			5,675			8		13-Nov
1559		Fort Worth		TX			—			2,033			2,495			—					2,033			2,495			4,528			3		13-Dec
1549		Garland		TX			—			1,424			2,209			—					1,424			2,209			3,633			7		13-Nov
1312		Grand Prairie		TX			2,391			551			2,330			310					551			2,640			3,191			697		4-Aug
1496		Grand Prairie		TX			—			2,327			1,551			161					2,327			1,712			4,039			65		12-Aug
466		Houston		TX			3,241			1,828			4,196			181					2,017			4,188			6,205			394		13-Nov
584		Houston		TX			8,874			2,596			8,735			397					2,596			9,132			11,728			1,874		6-Apr
1457		Houston		TX			—			402			1,870			181					402			2,051			2,453			182		10-Dec
1490		Houston		TX			6,001			1,036			8,133			84					1,036			8,217			9,253			405		12-Feb
1550		Killeen		TX			—			1,207			1,688			—					1,207			1,688			2,895			5		13-Nov
1456		La Porte		TX			—			1,608			2,351			273					1,608			2,624			4,232			254		10-Dec
473		Plano		TX			3,145			2,259			4,780			70					2,752			4,357			7,109			417		13-Nov
1364		Plano		TX			5,271			1,010			6,203			335					1,010			6,538			7,548			1,257		6-Nov
1365		Plano		TX			4,580			614			3,775			258					614			4,033			4,647			810		6-Nov
1357		Rowlett		TX			2,185			1,002			2,601			342					1,002			2,943			3,945			639		6-Aug
1306		San Antonio		TX			2,569			1,269			1,816			603					1,269			2,419			3,688			727		4-Aug
1326		San Antonio		TX			2,511			253			1,496			159					253			1,655			1,908			458		4-Aug
1387		San Antonio		TX			—			2,471			3,556			(194	)				2,471			3,362			5,833			597		7-Dec
521		South Houston		TX			3,331			478			4,069			772					478			4,841			5,319			1,105		6-Apr
306		Spring		TX			3,310			506			5,096			117					506			5,213			5,719			203		12-Jul
8246		Spring		TX			1,943			978			1,347			158					978			1,505			2,483			99		11-Aug
1006		Kearns		UT			—			642			2,607			346					642			2,953			3,595			810		4-Jun
1454		Murray		UT			—			571			986			2,081					571			3,067			3,638			182		10-Nov
792		Orem		UT			2,099			841			2,335			172					841			2,507			3,348			183		11-Apr
8002		Salt Lake City		UT			3,052			986			3,455			162					986			3,617			4,603			314		10-Oct
132		Sandy		UT			5,583			1,349			4,372			450					1,349			4,822			6,171			1,158		5-Jul
8149		Sandy		UT			—			2,063			5,202			7					2,063			5,209			7,272			173		12-Sep
1455		West Jordan		UT			2,123			735			2,146			347					735			2,493			3,228			218		10-Nov
230		West Valley City		UT			2,845			461			1,722			163					461			1,885			2,346			482		5-Jul
467		Alexandria		VA			13,563			5,029			18,943			44					5,029			18,987			24,016			713		12-Jul
1380		Alexandria		VA			5,698			1,620			13,103			567					1,623			13,667			15,290			2,650		7-Jun
1452		Arlington		VA			—			—			4,802			144					—			4,946			4,946			1,339		10-Oct
707		Burke		VA			4,861			4,520			13,916			445					11,534			7,347			18,881			890		13-Nov
717		Dumfries		VA			5,264			932			9,349			157					932			9,506			10,438			667		11-May
678		Falls Church		VA			5,909			1,259			6,975			397					1,259			7,372			8,631			1,747		5-Jul
828		Falls Church		VA			—			5,703			13,307			112					5,703			13,419			19,122			388		12-Nov
327		Fredericksburg		VA			4,339			2,128			5,398			47					2,128			5,445			7,573			204		12-Jul
824		Fredericksburg		VA			—			1,438			2,459			115					1,438			2,574			4,012			75		12-Nov
1325		Richmond		VA			4,582			2,305			5,467			315					2,305			5,782			8,087			1,409		4-Aug
764		Stafford		VA			4,437			2,076			5,175			77					2,076			5,252			7,328			688		9-Jan
1498		Stafford		VA			4,445			1,172			5,562			110					1,172			5,672			6,844			192		12-Sep
1341		Lakewood		WA			4,474			1,917			5,256			199					1,917			5,455			7,372			1,159		6-Feb
1342		Lakewood		WA			4,471			1,389			4,780			290					1,389			5,070			6,459			1,083		6-Feb
643		Seattle		WA			7,379			2,727			7,241			224					2,727			7,465			10,192			1,737		5-Jul
1343		Tacoma		WA			3,502			1,031			3,103			143					1,031			3,246			4,277			721		6-Feb
285		Vancouver		WA			3,132			709			4,280			55					709			4,335			5,044			164		12-Jul
		Other corporate assets					(3,936	)		849			2,202			64,023					—			67,074			67,074			8,728		Various
		Construction in progress					—			—			—			6,651					—			6,651			6,651			—
		Intangible tenant relationships and lease rights					—			—			60,011			14,498					—			74,509			74,509			60,330		Various


						$	1,588,596		$	1,000,356		$	2,894,399		$	238,543				$	1,019,921		$	3,113,377		$	4,133,298		$	496,754






(a) Adjustments relate to sale of property

Activity in real estate facilities during the years ended December 31, 2013, 2012 and 2011 is as follows:


		2013			2012			2011
Operating facilities
Balance at beginning of year		$	3,379,512		$	2,573,731		$	2,198,361
Acquisitions			711,710			761,977			301,531
Improvements			37,949			34,964			39,352
Transfers from construction in progress			3,643			8,957			34,777
Dispositions and other			(6,166	)		(117	)		(290	)


Balance at end of year		$	4,126,648		$	3,379,512		$	2,573,731


Accumulated depreciation:
Balance at beginning of year		$	391,928		$	319,302		$	263,042
Depreciation expense			104,963			72,626			56,702
Dispositions and other			(137	)		—			(442	)


Balance at end of year		$	496,754		$	391,928		$	319,302


Real estate under development/redevelopment:
Balance at beginning of year		$	4,138		$	9,366		$	37,083
Current development			6,466			3,759			7,060
Transfers to operating facilities			(3,954	)		(8,987	)		(34,777	)
Dispositions and other			—			—			—


Balance at end of year		$	6,650		$	4,138		$	9,366


Net real estate assets		$	3,636,544		$	2,991,722		$	2,263,795





The aggregate cost of real estate for U.S. federal income tax purposes is $3,679,606.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The consolidated financial statements are presented on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles ("GAAP") and include the accounts of the Company and its wholly- or majority- owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Variable Interest Entities

The Company accounts for arrangements that are not controlled through voting or similar rights as variable interest entities ("VIEs"). An enterprise is required to consolidate a VIE if it is the primary beneficiary of the VIE. A VIE is created when (i) the equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support from other parties, or (ii) the entity's equity holders as a group either: (a) lack the power, through voting or similar rights, to direct the activities of the entity that most significantly impact the entity's economic performance, (b) are not obligated to absorb expected losses of the entity if they occur, or (c) do not have the right to receive expected residual returns of the entity if they occur. If an entity is deemed to be a VIE, the enterprise that is deemed to have a variable interest, or combination of variable interests, that provides the enterprise with a controlling financial interest in the VIE, is considered the primary beneficiary and must consolidate the VIE.

The Company has concluded that under certain circumstances when the Company (1) enters into option agreements for the purchase of land or facilities from an entity and pays a non-refundable deposit, or (2) enters into arrangements for the formation of joint ventures, a VIE may be created under condition (i), (ii) (b) or (c) of the previous paragraph. For each VIE created, the Company has performed a qualitative analysis, including considering which party, if any, has the power to direct the activities most significant to the economic performance of each VIE and whether that party has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. If the Company is determined to be the primary beneficiary of the VIE, the assets, liabilities and operations of the VIE are consolidated with the Company's financial statements. Additionally, the Operating Partnership has notes payable to three trusts that are VIEs under condition (ii)(a) above. Since the Operating Partnership is not the primary beneficiary of the trusts, these VIEs are not consolidated.

The Company's investments in real estate joint ventures, where the Company has significant influence, but not control, and joint ventures which are VIEs in which the Company is not the primary beneficiary, are recorded under the equity method of accounting on the accompanying consolidated financial statements.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Reclassifications

Certain amounts in the 2012 and 2011 financial statements and supporting note disclosures have been reclassified to conform to the current year presentation. Such reclassifications did not impact previously reported net income or accumulated deficit.

Fair Value Disclosures

Derivative financial instruments

Currently, the Company uses interest rate swaps to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate forward curves.

The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. In conjunction with the Financial Accounting Standard Board's fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of December 31, 2013, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

The table below presents the Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2013, aggregated by the level in the fair value hierarchy within which those measurements fall.

Fair Value Measurements at

Reporting Date Using

Description

December 31,

Quoted Prices

Significant

2013

in Active

Other

Unobservable

Markets for

Observable

Inputs

Identical

Inputs

(Level 3)

Assets (Level 1)

(Level 2)

Other assets—Cash Flow Hedge Swap Agreements

13,630

—

13,630

—

Other liabilities—Cash Flow Hedge Swap Agreements

(3,684

)

—

(3,684

)

—

There were no transfers of assets and liabilities between Level 1 and Level 2 during the year ended December 31, 2013. The Company did not have any significant assets or liabilities that are re-measured on a recurring basis using significant unobservable inputs as of December 31, 2013 or 2012.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Long-lived assets held for use are evaluated by the Company for impairment when events or circumstances indicate that there may be impairment. The Company reviews each self-storage facility at least annually to determine if any such events or circumstances have occurred or exist. The Company focuses on facilities where occupancy and/or rental income have decreased by a significant amount. For these facilities, the Company determines whether the decrease is temporary or permanent and whether the facility will likely recover the lost occupancy and/or revenue in the short term. In addition, the Company reviews facilities in the lease-up stage and compares actual operating results to original projections.

When the Company determines that an event that may indicate impairment has occurred, the Company compares the carrying value of the related long-lived assets to the undiscounted future net operating cash flows attributable to the assets. An impairment loss is recorded if the net carrying value of the assets exceeds the undiscounted future net operating cash flows attributable to the assets. The impairment loss recognized equals the excess of net carrying value over the related fair value of the assets.

When real estate assets are identified by management as held for sale, the Company discontinues depreciating the assets and estimates the fair value of the assets, net of selling costs. If the estimated fair value, net of selling costs, of the assets that have been identified for sale is less than the net carrying value of the assets, then a valuation allowance is established. The operations of assets held for sale or sold during the period are generally presented as discontinued operations for all periods presented.

The Company assesses whether there are any indicators that the value of the Company's investments in unconsolidated real estate ventures may be impaired annually and when events or circumstances indicate that there may be impairment. An investment is impaired if management's estimate of the fair value of the investment is less than its carrying value. To the extent impairment has occurred, and is considered to be other than temporary, the loss is measured as the excess of the carrying amount of the investment over the fair value of the investment.

As of December 31, 2013 and 2012, the Company did not have any assets or liabilities measured at fair value on a nonrecurring basis.

Fair Value of Financial Instruments

The carrying values of cash and cash equivalents, restricted cash, receivables, other financial instruments included in other assets, accounts payable and accrued expenses, variable-rate notes payable, lines of credit and other liabilities reflected in the consolidated balance sheets at December 31, 2013 and 2012, approximate fair value.

The fair values of the Company's note receivable from Preferred Operating Partnership unit holders was based on the discounted estimated future cash flows of the note (categorized within Level 3 of the fair value hierarchy); the discount rate used approximated the current market rate for loans with similar maturities and credit quality. The fair values of the Company's fixed rate notes payable and notes payable to trusts were estimated using the discounted estimated future cash payments to be made on such debt (categorized within Level 3 of the fair value hierarchy); the discount rates used approximated current market rates for loans, or groups of loans, with similar maturities and credit quality. The fair value of the Company's exchangeable senior notes was estimated using an average market price for similar securities obtained from a third party.

The fair values of the Company's fixed-rate assets and liabilities were as follows for the periods indicated:

December 31, 2013

December 31, 2012

Fair

Carrying

Fair

Carrying

Value

Note receivable from Preferred Operating Partnership unit holders

103,491

100,000

108,138

100,000

Fixed rate notes payable and notes payable to trusts

1,365,290

1,368,885

1,342,957

1,275,605

Exchangeable senior notes

251,103

250,000

—

Real Estate Assets

Real estate assets are stated at cost, less accumulated depreciation. Direct and allowable internal costs associated with the development, construction, renovation, and improvement of real estate assets are capitalized. Interest, property taxes, and other costs associated with development incurred during the construction period are capitalized. The construction period begins when expenditures for the real estate assets have been made and activities that are necessary to prepare the asset for its intended use are in progress. The construction period ends when the asset is substantially complete and ready for its intended use. Capitalized interest during the years ended December 31, 2013, 2012 and 2011, was $0, $0 and $752, respectively.

Expenditures for maintenance and repairs are charged to expense as incurred. Major replacements and betterments that improve or extend the life of the asset are capitalized and depreciated over their estimated useful lives. Depreciation is computed using the straight-line method over the estimated useful lives of the buildings and improvements, which are generally between five and 39 years.

In connection with the Company's acquisition of self-storage facilities, the purchase price is allocated to the tangible and intangible assets and liabilities acquired based on their fair values, which are estimated using significant unobservable inputs. The value of the tangible assets, consisting of land and buildings, are determined as if vacant. Intangible assets, which represent the value of existing tenant relationships, are recorded at their fair values based on the avoided cost to replace the current leases. The Company measures the value of tenant relationships based on the rent lost due to the amount of time required to replace existing customers which is based on the Company's historical experience with turnover in its facilities. Debt assumed as part of an acquisition is recorded at fair value based on current interest rates compared to contractual rates. Acquisition-related transaction costs are expensed as incurred.

Intangible lease rights represent: (1) purchase price amounts allocated to leases on three properties that cannot be classified as ground or building leases; these rights are amortized to expense over the life of the leases and (2) intangibles related to ground leases on five properties where the leases were assumed by the Company at rates that were lower than the current market rates for similar leases. The values associated with these assumed leases were recorded as intangibles, which will be amortized over the lease terms.

Investments in Real Estate Ventures

The Company's investments in real estate joint ventures, where the Company has significant influence, but not control and joint ventures which are VIEs in which the Company is not the primary beneficiary, are recorded under the equity method of accounting in the accompanying consolidated financial statements.

Under the equity method, the Company's investment in real estate ventures is stated at cost and adjusted for the Company's share of net earnings or losses and reduced by distributions. Equity in earnings of real estate ventures is generally recognized based on the Company's ownership interest in the earnings of each of the unconsolidated real estate ventures. For the purposes of presentation in the statement of cash flows, the Company follows the "look through" approach for classification of distributions from joint ventures. Under this approach, distributions are reported under operating cash flow unless the facts and circumstances of a specific distribution clearly indicate that it is a return of capital (e.g., a liquidating dividend or distribution of the proceeds from the joint venture's sale of assets), in which case it is reported as an investing activity.

Cash and Cash Equivalents

The Company's cash is deposited with financial institutions located throughout the United States and at times may exceed federally insured limits. The Company considers all highly liquid debt instruments with a maturity date of three months or less to be cash equivalents.

Restricted Cash

Restricted cash is comprised of letters of credit and escrowed funds deposited with financial institutions located throughout the United States relating to earnest money deposits on potential acquisitions, real estate taxes, insurance and capital expenditures.

Other Assets

Other assets consist primarily of equipment and fixtures, deferred financing costs, customer accounts receivable, investments in trusts, other intangible assets, income taxes receivable, deferred tax assets, prepaid expenses and the fair value of interest rate swaps. Depreciation of equipment and fixtures is computed on a straight-line basis over three to five years. Deferred financing costs are amortized to interest expense using the effective interest method over the terms of the respective debt agreements.

Derivative Instruments and Hedging Activities

The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

The Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.

Risk Management and Use of Financial Instruments

In the normal course of its ongoing business operations, the Company encounters economic risk. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk on its interest-bearing liabilities. Credit risk is the risk of inability or unwillingness of tenants to make contractually required payments. Market risk is the risk of declines in the value of properties due to changes in rental rates, interest rates or other market factors affecting the value of properties held by the Company. The Company has entered into interest rate swap agreements to manage a portion of its interest rate risk.

Exchange of Common Operating Partnership Units

Redemption of common Operating Partnership units for share of common stock, when redeemed under the original provisions of the Operating Partnership agreement, are accounted for by reclassifying the underlying net book value of the units from noncontrolling interest to the Company's equity. The difference between the fair value of the consideration paid and the adjustment to the carrying amount of the noncontrolling interest is recognized as additional paid in capital for the Company.

Revenue and Expense Recognition

Rental revenues are recognized as earned based upon amounts that are currently due from tenants. Leases are generally on month-to-month terms. Prepaid rents are recognized on a straight-line basis over the term of the leases. Promotional discounts are recognized as a reduction to rental income over the promotional period. Late charges, administrative fees, merchandise sales and truck rentals are recognized as income when earned. Management fee revenues are recognized monthly as services are performed and in accordance with the terms of the related management agreements. Equity in earnings of unconsolidated real estate entities is recognized based on our ownership interest in the earnings of each of the unconsolidated real estate entities. Interest income is recognized as earned.

Property expenses, including utilities, property taxes, repairs and maintenance and other costs to manage the facilities are recognized as incurred. The Company accrues for property tax expense based upon invoice amounts, estimates and historical trends. If these estimates are incorrect, the timing of expense recognition could be affected.

Tenant reinsurance premiums are recognized as revenue over the period of insurance coverage. The Company records an unpaid claims liability at the end of each period based on existing unpaid claims and historical claims payment history. The unpaid claims liability represents an estimate of the ultimate cost to settle all unpaid claims as of each period end, including both reported but unpaid claims and claims that may have been incurred but have not been reported. The Company uses a third party claims administrator to adjust all tenant reinsurance claims received. The administrator evaluates each claim to determine the ultimate claim loss and includes an estimate for claims that may have been incurred but not reported. Annually, a third party actuary evaluates the adequacy of the unpaid claims liability. Prior year claim reserves are adjusted as experience develops or new information becomes known. The impact of such adjustments is included in the current period operations. The unpaid claims liability is not discounted to its present value. Each tenant chooses the amount of insurance coverage they want through the tenant reinsurance program. Tenants can purchase policies in amounts of two thousand dollars to ten thousand dollars of insurance coverage in exchange for a monthly fee. As of December 31, 2013, the average insurance coverage for tenants was approximately two thousand two hundred dollars. The Company's exposure per claim is limited by the maximum amount of coverage chosen by each tenant. The Company purchases reinsurance for losses exceeding a set amount for any one event. The Company does not currently have any amounts recoverable under the reinsurance arrangements.

Real Estate Sales

In general, sales of real estate and related profits/losses are recognized when all consideration has changed hands and risks and rewards of ownership have been transferred. Certain types of continuing involvement preclude sale treatment and related profit recognition; other forms of continuing involvement allow for sale recognition but require deferral of profit recognition.

Advertising Costs

The Company incurs advertising costs primarily attributable to internet, directory and other advertising. These costs are expensed as incurred. The Company recognized $6,482, $6,026, and $5,958 in advertising expense for the years ended December 31, 2013, 2012 and 2011, respectively.

Income Taxes

The Company has elected to be treated as a REIT under Sections 856 through 860 of the Internal Revenue Code. In order to maintain its qualification as a REIT, among other things, the Company is required to distribute at least 90% of its REIT taxable income to its stockholders and meet certain tests regarding the nature of its income and assets. As a REIT, the Company is not subject to federal income tax with respect to that portion of its income which meets certain criteria and is distributed annually to stockholders. The Company plans to continue to operate so that it meets the requirements for taxation as a REIT. Many of these requirements, however, are highly technical and complex. If the Company were to fail to meet these requirements, it would be subject to federal income tax. The Company is subject to certain state and local taxes. Provision for such taxes has been included in income tax expense on the Company's consolidated statements of operations. For the year ended December 31, 2013, 21.4% (unaudited) of all distributions to stockholders qualified as a return of capital.

The Company has elected to treat its corporate subsidiary, Extra Space Management, Inc. ("ESMI"), as a taxable REIT subsidiary ("TRS"). In general, the Company's TRS may perform additional services for tenants and may engage in any real estate or non-real estate related business. A TRS is subject to corporate federal income tax. ESM Reinsurance Limited, a wholly-owned subsidiary of ESMI, generates income from insurance premiums that are subject to corporate federal income tax and state insurance premiums tax.

Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities. At December 31, 2013 and 2012, there were no material unrecognized tax benefits. Interest and penalties relating to uncertain tax positions will be recognized in income tax expense when incurred. As of December 31, 2013 and 2012, the Company had no interest or penalties related to uncertain tax provisions.

Stock-Based Compensation

The measurement and recognition of compensation expense for all share-based payment awards to employees and directors are based on estimated fair values. Awards granted are valued at fair value and any compensation element is recognized on a straight line basis over the service periods of each award.

Earnings Per Common Share

Basic earnings per common share is computed by dividing net income attributable to common stockholders by the weighted average number of shares outstanding during the period. All outstanding unvested restricted stock awards contain rights to non-forfeitable dividends and participate in undistributed earnings with common stockholders; accordingly, they are considered participating securities that are included in the two-class method of computing basic earnings per common share. Diluted earnings per common share measures the performance of the Company over the reporting period while giving effect to all potential common shares that were dilutive and outstanding during the period. The denominator includes the weighted average number of basic shares and the number of additional weighted average common shares that would have been outstanding if the potential common shares that were dilutive had been issued, and is calculated using either the treasury stock or as if-converted method. Potential common shares are securities (such as options, convertible debt, redeemable Series A Participating Redeemable Preferred Units ("Series A Units"), Series B Redeemable Preferred Units, ("Series B Units"), redeemable and convertible Series C Convertible Redeemable Preferred Units ("Series C Units") and redeemable Operating Partnership units ("OP Units")) that do not have a current right to participate in earnings but could do so in the future by virtue of their option, or redemption right. In computing the dilutive effect of convertible securities, net income is adjusted to add back any changes in earnings in the period associated with the convertible security. The numerator also is adjusted for the effects of any other non-discretionary changes in income or loss that would result from the assumed conversion of those potential common shares. In computing diluted earnings per common share, only potential common shares that are dilutive (those that reduce earnings per share) are included. For the years ended December 31, 2013, 2012 and 2011, options to purchase approximately 44,958 shares, 57,335 shares and 107,523 shares of common stock, respectively, were excluded from the computation of earnings per share as their effect would have been anti-dilutive. As of December 31, 2013, 3,334,956 OP Units, 257,266 Series B Units, and 33,202 Series C Units were excluded from the computation of earnings per share as their effect would have been anti-dilutive. As of December 31, 2012 and 2011, 2,755,650 OP Units and 3,049,935 OP Units, respectively, were excluded from the computation of earnings per share as their effect would have been anti-dilutive.

The Company's Operating Partnership had $250,000 of its 2.375% Exchangeable Senior Notes due 2033 (the "Notes due 2033") issued and outstanding as of December 31, 2013. The Notes due 2033 could potentially have a dilutive impact on the Company's earnings per share calculations. The Notes due 2033 are exchangeable by holders into shares of the Company's common stock under certain circumstances per the terms of the indenture governing the Notes due 2033. The exchange price of the Notes due 2033 was $55.69 per share as of December 31, 2013, and could change over time as described in the indenture. The Company has irrevocably agreed to pay only cash for the accreted principal amount of the Notes due 2033 relative to its exchange obligations, but retained the right to satisfy the exchange obligation in excess of the accreted principal amount in cash and/or common stock. Though the Company has retained that right, Accounting Standards Codification ("ASC") 260, "Earnings per Share," requires an assumption that shares would be used to pay the exchange obligation in excess of the accreted principal amount, and requires that those shares be included in the Company's calculation of weighted average common shares outstanding for the diluted earnings per share computation. For the year ended December 31, 2013, no shares related to the Notes due 2033 were included in the computation for diluted earnings per share as the per share price of the Company's common stock during this period did not exceed the exchange price.

The Company's Operating Partnership had $87,663 of Exchangeable Senior Notes due 2027 (the "Notes due 2027") that were surrendered for exchange in April 2012. Prior to their exchange, the Notes due 2027 could potentially have had a dilutive effect on the Company's earnings per share calculations. The Notes due 2027 were exchangeable by holders into cash and shares of the Company's common stock under certain circumstances per the terms of the indenture governing the Notes due 2027 and at the time prior to surrender had an exchange price of $23.20 per share. The Company had irrevocably agreed to pay only cash for the accreted principal amount of the Notes due 2027 relative to its exchange obligations, but retained the right to satisfy the exchange obligations in excess of the accreted principal amount in cash and/or common stock. Though the Company retained that right, ASC 260 required an assumption that shares would be used to pay the exchange obligations in excess of the accreted principal amount, and required that those shares be included in the Company's calculation of weighted average common shares outstanding for the diluted earnings per share computation. No shares were included in the diluted share calculation for the year ended December 31, 2011 as the stock price during this time did not exceed the exchange price. No shares were included for the year ended December 31, 2012 as the Notes due 2027 were no longer outstanding.

For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series A Units for common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the positive intent and ability to settle at least $115,000 of the instrument in cash (or net settle a portion of the Series A Units against the related outstanding note receivable), only the amount of the instrument in excess of $115,000 is considered in the calculation of shares contingently issuable for the purposes of computing diluted earnings per share as allowed by ASC 260-10-45-46.

For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series B Units for common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series B Units outstanding as of December 31, 2013 of $33,568 by the closing price of the Company's common stock as of December 31, 2013 of $42.13 per share. Assuming full exchange for common shares as of December 31, 2013, 796,776 shares would have been issued to the holders of the Series B Units.

For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series C Units into common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series C Units outstanding as of December 31, 2013 of $17,177 by the closing price of the Company's common stock as of December 31, 2013 of $42.13 per share. Assuming full exchange for common shares as of December 31, 2013, 407,705 shares would have been issued to the holders of the Series C Units.

The computation of earnings per share is as follows for the periods presented:

For the Year Ended December 31,

2013

2012

2011

Net income attributable to common stockholders

172,076

117,309

50,449

Earnings and dividends allocated to participating securities

(567

)

(279

)

(365

)

Earnings for basic computations

171,509

117,030

50,084

Earnings and dividends allocated to participating securities

567

279

365

Add: Income allocated to noncontrolling interest—Preferred Operating Partnership and Operating Partnership

7,255

6,876

6,289

Subtract: Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership

(5,750

)

(5,750

)

(5,750

)

Net income for diluted computations

173,581

118,435

50,988

Weighted average common shares outstanding:

Average number of common shares outstanding—basic

111,349,361

101,766,385

91,301,265

Series A Units

989,980

Dilutive and cancelled stock options and restricted stock awards

765,753

1,011,000

1,342,328

Average number of common shares outstanding—diluted

113,105,094

103,767,365

93,633,573

Earnings per common share

Basic

1.54

1.15

0.55

Diluted

1.53

1.14

0.54

Recently Issued Accounting Standards

In February 2013, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2013-02 "Comprehensive Income—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income," which supersedes and replaces the presentation requirements for reclassifications out of accumulated other comprehensive income in ASUs 2011-05 and 2011-12. The amendment requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under GAAP. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. ASU 2013-02 was effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012. The Company adopted the amended standard beginning January 1, 2013 and presents accumulated other comprehensive income in accordance with the requirements of the standard.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Schedule of assets and liabilities measured at fair value on a recurring basis	'






					Fair Value Measurements at
					Reporting Date Using
	Description	December 31,			Quoted Prices			Significant			Significant
		2013			in Active			Other			Unobservable
					Markets for			Observable			Inputs
					Identical			Inputs			(Level 3)
					Assets (Level 1)			(Level 2)
	Other assets—Cash Flow Hedge Swap Agreements	$	13,630		$	—		$	13,630		$	—
	Other liabilities—Cash Flow Hedge Swap Agreements	$	(3,684	)	$	—		$	(3,684	)	$	—
Schedule of fair value of financial instruments	'






		December 31, 2013						December 31, 2012
		Fair			Carrying			Fair			Carrying
		Value			Value			Value			Value
	Note receivable from Preferred Operating Partnership unit holders	$	103,491		$	100,000		$	108,138		$	100,000
	Fixed rate notes payable and notes payable to trusts	$	1,365,290		$	1,368,885		$	1,342,957		$	1,275,605
	Exchangeable senior notes	$	251,103		$	250,000		$	—		$	—
Schedule of computation of earnings per common share	'






		For the Year Ended December 31,
		2013			2012			2011
	Net income attributable to common stockholders	$	172,076		$	117,309		$	50,449
	Earnings and dividends allocated to participating securities		(567	)		(279	)		(365	)


	Earnings for basic computations		171,509			117,030			50,084
	Earnings and dividends allocated to participating securities		567			279			365
	Add: Income allocated to noncontrolling interest—Preferred Operating Partnership and Operating Partnership		7,255			6,876			6,289
	Subtract: Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership		(5,750	)		(5,750	)		(5,750	)


	Net income for diluted computations	$	173,581		$	118,435		$	50,988




	Weighted average common shares outstanding:
	Average number of common shares outstanding—basic		111,349,361			101,766,385			91,301,265
	Series A Units		989,980			989,980			989,980
	Dilutive and cancelled stock options and restricted stock awards		765,753			1,011,000			1,342,328


	Average number of common shares outstanding—diluted		113,105,094			103,767,365			93,633,573
	Earnings per common share
	Basic	$	1.54		$	1.15		$	0.55
	Diluted	$	1.53		$	1.14		$	0.54

REAL_ESTATE_ASSETS_Tables

REAL ESTATE ASSETS (Tables)	12 Months Ended
REAL ESTATE ASSETS (Tables)	Dec. 31, 2013
REAL ESTATE ASSETS	'
Schedule of components of real estate assets	'






		December 31, 2013			December 31, 2012
	Land—operating	$	1,009,500		$	755,565
	Land—development		10,421			12,050
	Buildings and improvements		3,032,218			2,551,886
	Intangible assets—tenant relationships		65,811			51,355
	Intangible lease rights		8,698			8,656


			4,126,648			3,379,512
	Less: accumulated depreciation and amortization		(496,754	)		(391,928	)


	Net operating real estate assets		3,629,894			2,987,584
	Real estate under development/redevelopment		6,650			4,138


	Net real estate assets	$	3,636,544		$	2,991,722




	Real estate assets held for sale included in net real estate assets	$	5,625		$	8,600

PROPERTY_ACQUISITIONS_AND_DISP1

PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)	12 Months Ended
PROPERTY ACQUISITIONS AND DISPOSITIONS (Tables)	Dec. 31, 2013
PROPERTY ACQUISITIONS AND DISPOSITIONS	'
Schedule of operating properties acquired	'






						Consideration Paid																				Acquisition Date Fair Value
	Property Location	Number of		Date of		Total		Cash Paid		Loan		Non-cash		Notes		Previous			Net			Value of		Number of		Land		Building		Intangible		Closing		Notes
		Properties		Acquisition						Assumed		gain		Issued		equity			Liabilities/			OP Units		OP Units								costs—
														to/from		interest			(Assets) Assumed			Issued		Issued								expensed
														Seller
	Texas	1		12/9/13		$	4,616	$	4,610	$	—	$	—	$	—	$	—		$	6		$	—		—	$	2,033	$	2,495	$	70	$	18
	Hawaii	1		12/6/13			8,029		7,987		—		—		—		—			42			—		—		—		7,776		218		35
	California	2		12/3/13			24,334		16,588		—		4,208		—		(1,263	)		67			4,734		112,446		6,061		15,402		392		2,479	-1
	California	6		12/2/13			48,514		26,114		4,342		5,131		—		311			173			12,443		295,550		8,859		38,347		864		444	-1
	Florida	2		11/8/13			27,547		27,572		—		—		—		—			(25	)		—		—		3,909		23,221		374		43
	Florida	1		11/7/13			10,500		10,460		—		—		—		—			40			—		—		2,108		8,028		161		203
	Various states	16		11/4/13			96,711		98,424		—		—		—		—			(1,713	)		—		—		24,248		70,160		1,874		429
	Various states	19		11/1/13			187,825		43,475		99,339		34,137		—		12,373			(1,499	)		—		—		85,123		99,500		3,203		1	-2
	Georgia	1		10/15/13			12,414		12,382		—		—		—		—			32			—		—		1,773		10,456		174		11
	North Carolina	1		10/15/13			5,535		5,519		—		—		—		—			16			—		—		3,614		1,788		126		7
	California	1		9/26/13			10,928		4,791		—		—		—		—			51			6,086		177,107		3,138		7,429		181		180	-3
	California	19		8/29/13			186,427		96,085		—		—		—		—			519			89,823		2,613,728		100,446		81,830		2,997		1,154	-3
	Arizona	2		7/25/13			9,313		9,183		—		—		—		—			130			—		—		2,001		7,110		192		10
	Maryland	1		6/10/13			13,688		419		7,122		—		—		—			17			6,130		143,860		2,160		11,340		—		188
	Texas	1		5/8/13			7,104		7,057		—		—		—		—			47			—		—		1,374		5,636		86		8
	Hawaii	2		5/3/13			27,560		27,491		—		—		—		—			69			—		—		5,991		20,976		438		155
	Illinois	1		2/13/13			11,083		7,592		—		341		2,251		1,173			(274	)		—		—		1,318		9,485		190		90
	Maryland	1		2/13/13			12,321		8,029		—		2,215		—		2,273			(196	)		—		—		1,266		10,789		260		6


	2013 Totals	78				$	704,449	$	413,778	$	110,803	$	46,032	$	2,251	$	14,867		$	(2,498	)	$	119,216		3,342,691	$	255,422	$	431,768	$	11,800	$	5,461


	Florida	1		12/28/12		$	4,270	$	4,258	$	—	$	—	$	—	$	—		$	12		$	—		—	$	805	$	3,345	$	95	$	25
	Maryland	1		12/27/12			13,107		10,596		2,692		—		—		—			(181	)		—		—		4,314		8,412		206		175
	Arizona	1		12/27/12			8,667		8,608		—		—		—		—			59			—		—		2,973		5,545		141		8
	Florida	2		12/27/12			8,766		142		—		—		8,584		—			40			—		—		1,597		6,862		215		92	-4
	Florida	1		12/3/12			4,273		4,254		—		—		—		—			19			—		—		1,133		3,017		99		24
	Various states	21		11/30/12			164,566		140,513		—		10,171		—		14,184			(302	)		—		—		41,988		119,681		2,881		16	-5
	New Jersey	4		11/30/12			39,336		39,283		—		—		—		—			53			—		—		10,920		26,712		825		879
	Massachusetts	1		11/9/12			9,011		8,994		—		—		—		—			17			—		—		3,115		5,684		190		22
	Utah	1		9/28/12			7,410		7,322		—		—		—		—			88			—		—		2,063		5,202		132		13	-6
	Virginia	1		9/20/12			6,884		6,850		—		—		—		—			34			—		—		1,172		5,562		119		31
	New Jersey	1		8/28/12			13,678		13,678		—		—		—		—			—			—		—		1,511		11,732		241		194
	New Jersey	1		8/23/12			9,091		9,099		—		—		—		—			(8	)		—		—		2,144		6,660		158		129
	New Jersey	1		8/23/12			15,475		15,431		—		—		—		—			44			—		—		1,890		13,112		269		204
	New York	1		8/10/12			15,300		15,377		—		—		—		—			(77	)		—		—		2,800		12,173		269		58
	Texas	2		8/10/12			9,948		9,775		—		—		—		—			173			—		—		4,869		4,826		241		12
	California	1		7/26/12			4,860		2,376		2,592		—		—		—			(108	)		—		—		2,428		2,317		93		22
	South Carolina	1		7/19/12			4,651		4,621		—		—		—		—			30			—		—		1,784		2,755		107		5
	New Jersey, New York	6		7/18/12			55,622		55,748		—		—		—		—			(126	)		—		—		8,584		45,359		1,227		452
	Colorado	1		7/18/12			7,085		7,038		—		—		—		—			47			—		—		—		6,945		137		3
	Various states	36		7/2/12			322,516		162,705		145,000		13,499		—		3,355			(2,043	)		—		—		67,550		246,133		8,142		691	-7
	Maryland	1		5/31/12			6,501		6,438		—		—		—		—			11			52		1,814		1,185		5,051		147		118
	Florida	3		5/2/12			14,942		14,792		—		—		—		—			150			—		—		1,933		12,682		321		6
	Maryland	1		3/7/12			6,284		5,886		—		—		—		—			21			377		14,193		465		5,600		128		91
	Texas	1		2/29/12			9,405		9,323		—		—		—		—			82			—		—		1,036		8,133		187		49


	2012 Totals	91				$	761,648	$	563,107	$	150,284	$	23,670	$	8,584	$	17,539		$	(1,965	)	$	429		16,007	$	168,259	$	573,500	$	16,570	$	3,319




-1
This represents the acquisition of eight properties. The Company previously held no equity interest in three of the properties. For the remaining five, the Company acquired its joint venture partners' 65% interests in five joint ventures, each of which held one property in California, resulting in full ownership by the Company. Prior to the acquisition date the Company accounted for its 35% interests in these joint ventures as equity-method investments. The total acquisition date fair value of the previous equity interests was approximately $8,400 and is included as consideration transferred. The Company recognized non-cash gains of $9,340 as a result of re-measuring its prior equity interests in these joint ventures held before the acquisition. The eight were acquired in exchange for approximately $42,702 of cash and 407,996 Series C Units valued at $17,177.

-2
This represents the acquisition of a joint venture partner's 49% interest in HSRE-ESP IA, LLC ("HSRE"), an existing joint venture, for $43,475 in cash and the assumption of a $96,516 loan. The result of this acquisition is that the Company owns a 99% interest in HSRE. The joint venture partner retained a 1% interest, which is included in other noncontrolling interests on the Company's consolidated balance sheets. HSRE owns 19 properties in California, Florida, Nevada, Ohio, Pennsylvania, Tennessee, Texas and Virginia. Prior to the acquisition date, the Company accounted for its 50% interest in the joint venture as an equity-method investment. The acquisition date fair value of the previous equity interest was approximately $43,500 which was calculated based on the fair value of the assets in the joint venture, and is included as consideration transferred. The Company recognized a non-cash gain of $34,137 as a result of re-measuring its prior equity interest in HSRE held before the acquisition. The properties are now consolidated as the Company owns the majority interest in the joint venture. A premium of $2,823 on the debt assumed was recorded in order to record the loan at fair value on the date of purchase. This premium is included in premiums on notes payable in the consolidated balance sheets and will be amortized to interest expense over the remaining term of the loan.

-3
On August 29, 2013, the Operating Partnership completed the purchase of 19 out of 20 self-storage facilities affiliated with All Aboard Mini Storage, all of which are located in California. On September 26, 2013, the Operating Partnership completed the purchase of the remaining facility. These properties were acquired in exchange for $100,876 in cash (including $98,960 of debt assumed and immediately defeased at closing), 1,342,727 Series B Units valued at $33,568 and 1,448,108 common OP Units valued at $62,341. In accordance with ASC 805, "Business Combinations," the assumed debt was recorded at its fair value as of the closing date. The difference between the price paid to extinguish the debt, which included $9,153 of defeasance costs, and the carrying value of the debt was recorded as loss on extinguishment of debt related to portfolio acquisition on the Company's Consolidated Statements of Operations.

-4
On May 1, 2012, the Company purchased two notes receivable from Capmark Bank for a total of $7,875. These receivables were due from Spacebox Land O'Lakes, LLC and Spacebox North Fort Myers, LLC (collectively, "Spacebox"), a third party. The notes bore interest at 15% per annum. Spacebox owned two self-storage facilities located in Florida that served as collateral for the notes. On December 27, 2012, the Company acquired the two properties owned by Spacebox in exchange for $142 of cash and forgiveness of the notes, which had an outstanding balance at the time of purchase of $8,584, including accrued interest.

-5
This represents the acquisition of the Company's joint venture partner's 80% interest in the Storage Portfolio Bravo II LLC ("SPB II") joint venture, resulting in full ownership by the Company. The joint venture owned 21 properties in eleven states. Prior to the acquisition date, the Company accounted for its 20% interest in the joint venture as an equity-method investment. The acquisition date fair value of the previous equity interest was approximately $31,500 and is included as consideration transferred. The Company recognized a non-cash gain of $10,171 as a result of re-measuring its prior equity interest in SPB II held before the acquisition.

-6
This property was purchased from Sandy Self Storage, LLC, which was partially owned by Kenneth T. Woolley, the son of Kenneth M. Woolley, Executive Chairman.

-7
This represents the acquisition of Prudential Real Estate Investors' ("PREI®") 94.9% interest in the ESS PRISA III LLC joint venture ("PRISA III") that was formed in 2005, resulting in full ownership by the Company. The joint venture owned 36 properties located in 18 states. Prior to the acquisition date, the Company accounted for its 5.1% interest in PRISA III as an equity-method investment. The acquisition date fair value of the previous equity interest was approximately $16,300 and is included as consideration transferred. The Company recognized a non-cash gain of $13,499 as a result of re-measuring its prior equity interest in PRISA III held before the acquisition.

Pro forma financial information	'




		2013			2012
	Total revenues	$	558,484		$	457,786
	Net income attributable to common stockholders	$	189,794		$	132,744
	Earnings per common share
	Basic	$	1.7		$	1.3
	Diluted	$	1.7		$	1.3
Summary of revenues and earnings related to acquisition since the acquisition date	'






		For the
		Year Ended
		December 31, 2013
	Total revenues	$	17,907
	Net income attributable to common stockholders	$	6,132

INVESTMENTS_IN_UNCONSOLIDATED_1

INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES (Tables)	12 Months Ended
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES (Tables)	Dec. 31, 2013
INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES	'
Schedule of investments in unconsolidated real estate ventures	'






						Investment balance at
		Equity		Excess Profit		December 31,
		Ownership %		Participation %		2013			2012
	Extra Space West One LLC ("ESW")	5%		40%		$	138		$	413
	Extra Space West Two LLC ("ESW II")	5%		40%			4,286			4,404
	Extra Space Northern Properties Six LLC ("ESNPS")	10%		35%			263			626
	Extra Space of Santa Monica LLC ("ESSM")	48%		48%			2,541			2,655
	Clarendon Storage Associates Limited Partnership ("Clarendon")	50%		50%			3,155			3,160
	HSRE-ESP IA, LLC ("HSRE")	99%		99%			—			12,506
	PRISA Self Storage LLC ("PRISA")	2%		17%			10,737			10,972
	PRISA II Self Storage LLC ("PRISA II")	2%		17%			9,143			9,331
	VRS Self Storage LLC ("VRS")	45%		54%			41,810			43,107
	WCOT Self Storage LLC ("WCOT")	5%		20%			4,145			4,315
	Storage Portfolio I LLC ("SP I")	25%		25 - 40%			12,343			12,587
	Extra Space of Eastern Avenue LLC ("Eastern Avenue")	58%		40%			—			2,305
	Extra Space of Montrose Avenue LLC ("Montrose")	39%		50%			—			1,173
	Other unconsolidated real estate ventures	18 - 50%		19 - 50%			(436	)		(1,241	)


						$	88,125		$	106,313


Schedule of equity in earnings of unconsolidated real estate ventures	'






		For the Year Ended
		December 31,
		2013			2012			2011
	Equity in earnings of ESW	$	1,406		$	1,263		$	1,156
	Equity in earnings (losses) of ESW II		50			26			(8	)
	Equity in earnings of ESNPS		461			382			338
	Equity in earnings of ESSM		369			314			114
	Equity in earnings of Clarendon		516			471			465
	Equity in earnings of HSRE		1,428			1,298			388
	Equity in earnings of PRISA		890			821			674
	Equity in earnings of PRISA II		703			643			530
	Equity in earnings of PRISA III		—			187			330
	Equity in earnings of VRS		3,464			2,849			2,279
	Equity in earnings of WCOT		448			370			92
	Equity in earnings (losses) of SP I		1,243			1,103			(116	)
	Equity in earnings of SPB II		—			430			301
	Equity in earnings of Everest		—			—			88
	Equity in earnings of Eastern Avenue		461			157			137
	Equity in losses of Montrose		—			(20	)		(46	)
	Equity in earnings of other minority owned properties		214			565			565


		$	11,653		$	10,859		$	7,287




Disclosure of real estate ventures' debt	'






		Loan Amount			Current			Debt
		Loan Amount			Interest Rate			Maturity
	ESW—Fixed	$	16,700			5	%	Sep-15
	ESW II—Swapped to fixed		19,327			3.57	%	Feb-19
	ESNPS—Fixed		34,500			5.27	%	Jun-15
	ESSM—Variable		11,125			2.19	%	Nov-14
	Clarendon—Swapped to fixed		8,024			5.93	%	Sep-18
	PRISA		—			—		Unleveraged
	PRISA II		—			—		Unleveraged
	VRS—Swapped to fixed		52,100			3.34	%	Jul-19
	WCOT—Swapped to fixed		87,500			3.34	%	Aug-19
	SP I—Fixed		93,994			4.66	%	Apr-18
	Other minority owned properties		25,504			Various		Various
Condensed financial information of unconsolidated real estate ventures	'




		December 31,
	Balance Sheets:	2013(a)			2012(a)(b)
	Assets:
	Net real estate assets	$	1,474,754		$	1,633,402
	Other		33,788			33,103


		$	1,508,542		$	1,666,505




	Liabilities and members' equity:
	Notes payable	$	304,121		$	404,630
	Other liabilities		22,040			27,383
	Members' equity		1,182,381			1,234,492


		$	1,508,542		$	1,666,505









		For the Year Ended December 31,
	Statements of Income:	2013(a)			2012(a)(b)			2011(b)
	Rents and other income	$	260,487		$	266,222		$	304,499
	Expenses		149,595			164,285			217,114


	Net income	$	110,892		$	101,937		$	87,385






	(a)
	On November 1, 2013 the Company acquired its partner's 49% interest in HSRE as disclosed in Note 4. Property Acquisitions and Dispositions. As such, HSRE is now consolidated on the Company's balance sheet and has been excluded from the 2013 balance sheet table above.

	(b)
	The income statement information for the years ended December 31, 2012 and 2011 includes results from PRISA III and SPB II, which were acquired by the Company during 2012. Balance sheet information as of December 31, 2013 and 2012 does not include PRISA III or SPB II.

Schedule of the comparison of the liability balance and the maximum exposure to loss related to the Company's each VIE	'






		Liability			Investment			Balance of			Amounts		Maximum		Difference
		Balance			Balance			Guaranteed			Payable to		Exposure
								Loan			the Company		to Loss
	Extra Space of Sacramento One LLC	$	—		$	(1,096	)	$	4,307		$	6,283	$	9,494	$	(9,494	)

OTHER_ASSETS_Tables

OTHER ASSETS (Tables)	12 Months Ended
OTHER ASSETS (Tables)	Dec. 31, 2013
OTHER ASSETS	'
Schedule of other assets	'






		December 31, 2013			December 31, 2012
	Equipment and fixtures	$	21,774		$	15,090
	Less: accumulated depreciation		(12,805	)		(10,223	)
	Other intangible assets		6,460			3,434
	Deferred financing costs, net		21,881			19,783
	Prepaid expenses and deposits		8,355			7,934
	Receivables, net		32,025			19,881
	Investments in Trusts		3,590			3,590
	Income taxes receivable		1,845			3,609
	Fair value of interest rate swaps		13,630			—
	Deferred tax asset		—			3,505


		$	96,755		$	66,603

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	12 Months Ended
NOTES PAYABLE (Tables)	Dec. 31, 2013
NOTES PAYABLE	'
Schedule of components of notes payable	'






		December 31, 2013		December 31, 2012
	Fixed Rate
	Mortgage loans with banks (including loans subject to interest rate swaps) bearing interest at fixed rates between 2.8% and 6.7%. The loans are collateralized by mortgages on real estate assets and the assignment of rents. Principal and interest payments are made monthly with all outstanding principal and interest due between May 2014 and April 2021.	$	1,249,295	$	1,156,015
	Variable Rate
	Mortgage loans with banks bearing floating interest rates based on LIBOR and Prime. Interest rates based on LIBOR are between LIBOR plus 1.8% (1.97% at December 31, 2013 and 2.21% December 31, 2012) and LIBOR plus 2.1% (2.27% at December 31, 2013 and 3.21% December 31, 2012). Interest rates based on Prime are 3.25% at December 31, 2013. The loans are collateralized by mortgages on real estate assets and the assignment of rents. Principal and interest payments are made monthly with all outstanding principal and interest due between December 2014 and April 2020.		339,301		213,675


		$	1,588,596	$	1,369,690




Schedule of maturities of notes payable	'






	2014	$	29,004
	2015		257,432
	2016		156,315
	2017		422,215
	2018		137,794
	Thereafter		585,836


		$	1,588,596

DERIVATIVES_Tables

DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2013

DERIVATIVES

Schedule summarizing the terms of entity's derivative financial instruments

Hedge Product

Current Notional

Strike

Effective Dates

Maturity Dates

Amounts

Swap Agreements

$4,780 - $96,107

2.79% - 6.32%

7/1/2009 - 7/25/2013

7/1/2014 - 4/1/2021

Schedule of balance sheet classification and fair value of the entity's derivative financial instruments

Asset (Liability) Derivatives

December 31, 2013

December 31, 2012

Derivatives designated as

Balance Sheet

Fair

Balance Sheet

Fair

hedging instruments:

Location

Value

Location

Value

Swap Agreements

Other assets

13,630

Other assets

—

Swap Agreements

Other liabilities

(3,684

)

Other liabilities

(15,228

)

Interest payments recognized as an increase or decrease in interest expense

For the Year Ended

Classification of

December 31,

Type

Income (Expense)

2013

2012

2011

Swap Agreements

Interest expense

(8,917

)

(6,758

)

(3,771

)

Schedule of information relating to the gain (loss) recognized on the swap agreements

Gain (loss)

reclassified

Gain (loss)

from OCI

recognized in OCI

Location of amounts

For the Year Ended

reclassified from OCI

December 31, 2013

Type

December 31, 2013

into income

Swap Agreements

13,718

Interest expense

(8,917

)

NOTES_PAYABLE_TO_TRUSTS_Tables

NOTES PAYABLE TO TRUSTS (Tables)	12 Months Ended
NOTES PAYABLE TO TRUSTS (Tables)	Dec. 31, 2013
NOTES PAYABLE TO TRUSTS	'
Schedule of the liabilities and the maximum exposure to loss related to the trusts	'






		Notes payable		Investment		Maximum		Difference
		to Trusts		Balance		exposure to loss		Difference
	Trust	$	36,083	$	1,083	$	35,000	$	—
	Trust II		42,269		1,269		41,000		—
	Trust III		41,238		1,238		40,000		—


		$	119,590	$	3,590	$	116,000	$	—

EXCHANGEABLE_SENIOR_NOTES_Tabl

EXCHANGEABLE SENIOR NOTES (Tables)	12 Months Ended
EXCHANGEABLE SENIOR NOTES (Tables)	Dec. 31, 2013
EXCHANGEABLE SENIOR NOTES	'
Information about the debt and equity components of the exchangeable senior notes	'






		December 31, 2013			December 31, 2012
	Carrying amount of equity component	$	(14,496	)	$	—




	Principal amount of liability component	$	250,000		$	—
	Unamortized discount—equity component		(13,131	)		—
	Unamortized cash discount		(3,356	)		—


	Net carrying amount of liability component	$	233,513		$	—




Interest cost recognized and the amortization of the discount on the liability component	'






		For the Year Ended
		December 31,
		2013			2012		2011
	Contractual interest	$	3,134		$	790	$	3,178
	Amortization of discount		1,404			444		1,761


	Total interest expense recognized	$	4,538		$	1,234	$	4,939

LINES_OF_CREDIT_Tables

LINES OF CREDIT (Tables)	12 Months Ended
LINES OF CREDIT (Tables)	Dec. 31, 2013
LINES OF CREDIT	'
Summarized information of lines of credit	'






		As of December 31, 2013
	Line of Credit	Amount		Capacity		Interest			Origination		Maturity		Basis Rate			Notes
	Line of Credit	Drawn		Capacity		Rate			Date		Maturity		Basis Rate			Notes
	Credit Line 1	$	—	$	75,000		2.07	%		2/13/09		5/13/14		LIBOR plus 1.90	%	-1
	Credit Line 2		—		85,000		2.07	%		6/4/10		6/3/16		LIBOR plus 1.90	%	-2
	Credit Line 3		—		40,000		2.37	%		11/16/10		2/13/17		LIBOR plus 2.20	%	(3)(4)
	Credit Line 4		—		80,000		1.87	%		4/29/11		11/18/16		LIBOR plus 1.70	%	-4


		$	—	$	280,000






	-1
	One year extension available

	-2
	One two-year extension available

	-3
	Amended February 13, 2014 to extend the maturity date to February 13, 2017, increase the capacity to $50,000 and lower the interest rate to Libor plus 1.75%.

	-4
	Two one-year extensions available

OTHER_LIABILITIES_Tables

OTHER LIABILITIES (Tables)	12 Months Ended
OTHER LIABILITIES (Tables)	Dec. 31, 2013
OTHER LIABILITIES	'
Summarized statement of other liabilities	'






		December 31, 2013			December 31, 2012
	Deferred rental income	$	24,037		$	20,752
	Lease obligation liability		2,076			3,826
	Fair value of interest rate swaps		3,684			15,228
	Income taxes payable		671			1,414
	Deferred tax liability		3,481			—
	Other miscellaneous liabilities		4,048			7,028


		$	37,997		$	48,248




Schedule of roll forward of the liability of unpaid claims	'






		For the Year Ended
		December 31,
		2013			2012
	Unpaid claims liability at beginning of year	$	1,414		$	715
	Provision for current year claims		3,817			3,417
	Increase (decrease) in provision for prior year claims		(116	)		22
	Payments for current year claims		(2,627	)		(2,028	)
	Payments for prior year claims		(1,252	)		(712	)


	Unpaid claims liability at the end of the year	$	1,236		$	1,414

RELATED_PARTY_AND_AFFILIATED_R1

RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2013
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'
Summarized information of management fee revenues for related party and affiliated joint ventures	'






				For the Year Ended
				December 31,
	Entity	Type		2013			2012		2011
	ESW	Affiliated real estate joint ventures		$	450		$	430	$	410
	ESW II	Affiliated real estate joint ventures			382			354		335
	ESNPS	Affiliated real estate joint ventures			528			498		479
	ESSM	Affiliated real estate joint ventures			117			107		85
	HSRE	Affiliated real estate joint ventures			1,146			1,094		1,045
	PRISA	Affiliated real estate joint ventures			5,215			5,174		4,961
	PRISA II	Affiliated real estate joint ventures			4,397			4,138		4,016
	PRISA III	Affiliated real estate joint ventures			—			920		1,796
	VRS	Affiliated real estate joint ventures			1,286			1,207		1,156
	WCOT	Affiliated real estate joint ventures			1,601			1,520		1,497
	SP I	Affiliated real estate joint ventures			1,953			1,885		6,392
	SPB II	Affiliated real estate joint ventures			—			923		969
	Everest	Affiliated real estate joint ventures			15			133		528
	Other	Franchisees, third parties and other			9,524			7,323		6,255


				$	26,614		$	25,706	$	29,924




Summarized information of receivables from related party and affiliated joint ventures	'






		December 31, 2013			December 31, 2012
	Mortgage notes receivable	$	5,818		$	7,670
	Other receivables from properties		1,724			3,408


		$	7,542		$	11,078

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
STOCK-BASED COMPENSATION (Tables)	Dec. 31, 2013
STOCK-BASED COMPENSATION	'
Summary of stock option activity	'






	Options	Number of Shares			Weighted Average			Weighted Average			Aggregate
					Exercise Price			Remaining			Intrinsic Value as
								Contractual Life			of December 31,
								(Years)			2013
	Outstanding at December 31, 2010		3,105,905		$	13.13
	Granted		110,900			19.6
	Exercised		(1,388,269	)		13.44
	Forfeited		(29,675	)		15.65


	Outstanding at December 31, 2011		1,798,861		$	13.25
	Granted		67,084			27.18
	Exercised		(768,853	)		13.55
	Forfeited		—			—


	Outstanding at December 31, 2012		1,097,092		$	13.89
	Granted		49,075			38.4
	Exercised		(391,543	)		14.81
	Forfeited		—			—


	Outstanding at December 31, 2013		754,624		$	15			5.1		$	20,471




	Vested and Expected to Vest		734,400		$	14.52			5.01		$	20,276
	Ending Exercisable		556,191		$	11.84			4.21		$	16,847
Schedule of weighted average assumptions used to estimate fair value of granted stock options	'






		For the Year Ended
		December 31,
		2013			2012			2011
	Expected volatility		42	%		44	%		45	%
	Dividend yield		4	%		5	%		5	%
	Risk-free interest rate		1	%		1	%		2	%
	Average expected term (years)		5			5			5
Schedule of stock options outstanding and exercisable	'






		Options Outstanding									Options Exercisable
	Exercise Price	Shares			Weighted Average			Weighted Average			Shares		Weighted Average
					Remaining			Exercise Price					Exercise Price
					Contractual Life
	$6.22 - $11.50		191,465			5.13		$	6.22			191,465	$	6.22
	$11.51 - $12.50		192,960			4.83			12.06			134,315		12.17
	$12.51 - $15.50		143,700			2.56			14.76			143,700		14.76
	$15.51 - $19.60		116,350			5.32			18.37			75,950		17.71
	$19.61 - $38.40		110,149			8.61			32.2			10,761		27.35


	$6.22 - $38.40		754,624			5.1		$	15			556,191	$	11.84




Summary of the Company's employee and director share grant activity	'






	Restricted Stock Grants	Shares			Weighted-Average
	Restricted Stock Grants	Shares			Grant-Date Fair Value
	Unreleased at December 31, 2010		891,124		$	10.62
	Granted		226,630			20.09
	Released		(407,293	)		11.91
	Cancelled		(47,695	)		14.31


	Unreleased at December 31, 2011		662,766		$	12.81
	Granted		182,052			28.39
	Released		(287,754	)		12.98
	Cancelled		(16,792	)		14.03


	Unreleased at December 31, 2012		540,272		$	17.93
	Granted		137,602			39.51
	Released		(259,191	)		15.11
	Cancelled		(23,323	)		23.62


	Unreleased at December 31, 2013		395,360		$	26.96

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2013
INCOME TAXES	'
Summarized statement of components of income tax provision	'






		For the Year Ended
		December 31, 2013
		Federal			State			Total
	Current expense	$	9,572		$	615		$	10,187
	Tax credits		(4,556	)		—			(4,556	)
	Change in deferred benefit		4,353			—			4,353


	Total tax expense	$	9,369		$	615		$	9,984









		For the Year Ended
		December 31, 2012
		Federal			State			Total
	Current expense	$	8,240		$	612		$	8,852
	Tax credits		(5,528	)		—			(5,528	)
	Change in deferred benefit		2,089			—			2,089


	Total tax expense	$	4,801		$	612		$	5,413









		For the Year Ended
		December 31, 2011
		Federal			State			Total
	Current expense	$	1,350		$	606		$	1,956
	Tax credits		(6,849	)		—			(6,849	)
	Change in deferred benefit		6,048			—			6,048


	Total tax expense	$	549		$	606		$	1,155




Schedule of reconciliation of the statutory income tax provisions to the effective income tax provisions	'






		For the Year Ended
		December 31, 2013						December 31, 2012
	Expected tax at statutory rate	$	67,012			35	%	$	46,586		35	%
	Non-taxable REIT income		(53,519	)		(27.9	)%		(37,729	)	(28.3	)%
	State and local tax expense (benefit)—net of federal benefit		615			0.3	%		612		0.5	%
	Change in valuation allowance		435			0.2	%		1,641		1.2	%
	Tax Credits (WOTC & Solar)		(4,562	)		(2.4	)%		(5,528	)	(4.2	)%
	Miscellaneous		3			0	%		(169	)	(0.1	)%


	Total provision	$	9,984			5.2	%	$	5,413		4.1	%




Schedule of major sources of temporary differences stated at their deferred tax effects	'






		December 31,			December 31,
		2013			2012
	Deferred Tax Liabilities:
	Fixed Assets	$	(14,557	)	$	(9,951	)
	Other		(663	)		(340	)


	Total Deferred Tax Liabilities	$	(15,220	)	$	(10,291	)


	Deferred Tax Assets:
	Capitive Insurance Subsidiary	$	400		$	385
	Accrued liabilities		1,043			1,193
	Stock compensation		1,394			1,333
	Solar Credit		8,480			10,313
	Other		422			572
	State Deferreds		4,570			4,135


	Total Deferred Tax Assets	$	16,309		$	17,931


	Valuation Allowance	$	(4,570	)	$	(4,135	)


	Net deferred income tax assets/(liabilities)	$	(3,481	)	$	3,505

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	12 Months Ended
SEGMENT INFORMATION (Tables)	Dec. 31, 2013
SEGMENT INFORMATION	'
Schedule of financial information of business segments	'






			December 31, 2013			December 31, 2012
	Balance Sheet
	Investment in unconsolidated real estate ventures
	Rental operations		$	88,125		$	106,313
	Total assets
	Property management, acquisition and development		$	301,001		$	199,379
	Rental operations			3,641,746			2,996,453
	Tenant reinsurance			34,393			27,645


			$	3,977,140		$	3,223,477






			For the Year Ended December 31,
			2013			2012			2011
	Statement of Operations
	Total revenues
	Rental operations		$	446,682		$	346,874		$	268,725
	Tenant reinsurance			47,317			36,816			31,181
	Property management, acquisition and development			26,614			25,706			29,924


			$	520,613		$	409,396		$	329,830


	Operating expenses, including depreciation and amortization
	Rental operations		$	229,229		$	184,540		$	150,199
	Tenant reinsurance			9,022			7,869			6,143
	Property management, acquisition and development			68,879			59,746			58,012


			$	307,130		$	252,155		$	214,354


	Income (loss) from operations
	Rental operations		$	217,453		$	162,334		$	118,526
	Tenant reinsurance			38,295			28,947			25,038
	Property management, acquisition and development			(42,265	)		(34,040	)		(28,088	)


			$	213,483		$	157,241		$	115,476


	Gain on sale of real estate assets
	Rental operations		$	960		$	—		$	—


	Loss on extinguishment of debt related to portfolio acquisition
	Property management, acquisition and development		$	(9,153	)	$	—		$	—


	Interest expense
	Rental operations		$	(69,702	)	$	(70,472	)	$	(66,598	)
Property management, acquisition and development			(1,928	)		(1,378	)		(703	)


		$	(71,630	)	$	(71,850	)	$	(67,301	)


Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes
Property management, acquisition and development		$	(1,404	)	$	(444	)	$	(1,761	)


Interest income
Tenant reinsurance		$	17		$	12		$	11
Property management, acquisition and development			732			1,804			1,016


		$	749		$	1,816		$	1,027


Interest income on note receivable from Preferred Operating Partnership unit holder
Property management, acquisition and development		$	4,850		$	4,850		$	4,850


Equity in earnings of unconsolidated real estate ventures
Rental operations		$	11,653		$	10,859		$	7,287


Equity in earnings of unconsolidated real estate ventures-gain on sale of real estate assets and purchase of joint venture partners interests
Rental operations		$	46,032		$	30,630		$	—


Income tax expense
Rental operations		$	(149	)	$	(660	)	$	(696	)
Tenant reinsurance			(13,409	)		(10,399	)		(8,767	)
Property management, acquisition and development			3,574			5,646			8,308


		$	(9,984	)	$	(5,413	)	$	(1,155	)


Net income (loss)
Rental operations		$	206,247		$	132,691		$	58,519
Tenant reinsurance			24,903			18,560			16,282
Property management, acquisition and development			(45,594	)		(23,562	)		(16,378	)


		$	185,556		$	127,689		$	58,423


Depreciation and amortization expense
Property management, acquisition and development		$	6,015		$	3,941		$	3,296
Rental operations			89,217			70,512			54,718


		$	95,232		$	74,453		$	58,014


Statement of Cash Flows
Acquisition, development and redevelopment of real estate assets
Property management, acquisition and development		$	(356,425	)	$	(605,486	)	$	(202,019	)

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2013

COMMITMENTS AND CONTINGENCIES

Schedule of future minimum rental payments under non-cancelable operating lease

Less than 1 year

7,806

Year 2

5,690

Year 3

4,565

Year 4

3,274

Year 5

2,660

Thereafter

45,862

69,857

Schedule of guaranteed loans for unconsolidated joint ventures

Date of

Loan

Guaranteed

Estimated

Guaranty

Maturity

Loan Amount

Fair Market

Date

Value of

Assets

Extra Space of Sacramento One LLC

9-Apr

14-Apr

4,307

9,290

SUPPLEMENTARY_QUARTERLY_FINANC1

SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	Dec. 31, 2013
SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED)	'
Schedule of supplementary quarterly financial data	'






		For the Three Months Ended
		March 31,		June 30,		September 30,		December 31,
		2013		2013		2013		2013
	Revenues	$	119,322	$	126,246	$	133,111	$	141,934
	Cost of operations		72,593		72,871		77,047		84,619


	Revenues less cost of operations	$	46,729	$	53,375	$	56,064	$	57,315




	Net income	$	33,931	$	37,101	$	32,352	$	82,172




	Net income attributable to common stockholders	$	31,425	$	34,466	$	29,245	$	76,940




	Earnings per common share—basic	$	0.28	$	0.31	$	0.26	$	0.68
	Earnings per common share—diluted	$	0.28	$	0.31	$	0.26	$	0.67





		For the Three Months Ended
		March 31,		June 30,		September 30,		December 31,
		2012		2012		2012		2012
	Revenues	$	90,987	$	94,951	$	109,791	$	113,667
	Cost of operations		58,217		57,076		66,307		70,555


	Revenues less cost of operations	$	32,770	$	37,875	$	43,484	$	43,112




	Net income	$	22,518	$	24,745	$	41,553	$	38,873




	Net income attributable to common stockholders	$	20,214	$	22,413	$	38,606	$	36,076




	Earnings per common share—basic	$	0.21	$	0.22	$	0.37	$	0.33
	Earnings per common share—diluted	$	0.21	$	0.22	$	0.37	$	0.33

DESCRIPTION_OF_BUSINESS_Detail

DESCRIPTION OF BUSINESS (Details)	12 Months Ended
	Dec. 31, 2013
	segment
	property
	state
DESCRIPTION OF BUSINESS	'
Number of operating storage facilities in which the entity has equity interests (in properties)	779
Number of properties owned by franchisees and third parties	250
Number of operating properties owned and/or managed	1,029
Number of states in which operating storage facilities are located	35
Number of reportable segments	3
Maximum percentage of rental income accounted for by any single tenant	5.00%

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	entity	Dec. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'
Number of nonconsolidated VIEs to which Operating Partnership has notes payable (in number of entities)	3	'
Assets and Liabilities Measured at Fair Value on a Recurring Basis	'	'
Other assets - Cash Flow Hedge Swap Agreements	$13,630	'
Other liabilities - Cash Flow Hedge Swap Agreements	-3,684	-15,228
Transfers of assets and liabilities between Level 1 and Level 2	0	'
Recurring basis \| Estimated Fair Value	'	'
Assets and Liabilities Measured at Fair Value on a Recurring Basis	'	'
Other assets - Cash Flow Hedge Swap Agreements	13,630	'
Other liabilities - Cash Flow Hedge Swap Agreements	-3,684	'
Recurring basis \| Significant Other Observable Inputs (Level 2)	'	'
Assets and Liabilities Measured at Fair Value on a Recurring Basis	'	'
Other assets - Cash Flow Hedge Swap Agreements	13,630	'
Other liabilities - Cash Flow Hedge Swap Agreements	($3,684)	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Fair Value of Financial Instruments	'	'
Note receivable from Preferred Operating Partnership unit holder	$100,000	$100,000
Estimated Fair Value	'	'
Fair Value of Financial Instruments	'	'
Note receivable from Preferred Operating Partnership unit holder	103,491	108,138
Fixed rate notes payable and notes payable to trusts	1,365,290	1,342,957
Exchangeable senior notes	251,103	'
Carrying Value	'	'
Fair Value of Financial Instruments	'	'
Note receivable from Preferred Operating Partnership unit holder	100,000	100,000
Fixed rate notes payable and notes payable to trusts	1,368,885	1,275,605
Exchangeable senior notes	$250,000	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	property
	item
REAL ESTATE ASSETS	'	'	'
Capitalized interest	$0	$0	$752
Assets	'	'	'
Number of properties whereby leases cannot be classified as ground or building leases	3	'	'
Number of properties whereby leases have been assumed at rates lower than the current market rates	5	'	'
Risk Management and Use of Financial Instruments	'	'	'
Number of components of economic risk	3	'	'
Revenue and Expense Recognition	'	'	'
Minimum amount of insurance coverage	2,000	'	'
Maximum amount of insurance coverage	10,000	'	'
Average amount of insurance coverage	2,200	'	'
Advertising Costs	'	'	'
Advertising expense	6,482	6,026	5,958
Income Taxes	'	'	'
Minimum REIT taxable income that the company is required to distribute to its stockholders (as a percent)	90.00%	'	'
Percentage of all distributions to stockholders which qualifies as a return of capital	21.40%	'	'
Interest or penalties related to uncertain tax provisions	$0	$0	'
Buildings and improvements \| Maximum	'	'	'
Assets	'	'	'
Estimated useful life	'39 years	'	'
Buildings and improvements \| Minimum	'	'	'
Assets	'	'	'
Estimated useful life	'5 years	'	'
Equipment and fixtures \| Maximum	'	'	'
Assets	'	'	'
Estimated useful life	'5 years	'	'
Equipment and fixtures \| Minimum	'	'	'
Assets	'	'	'
Estimated useful life	'3 years	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock options	'	'	'
Anti-dilutive securities excluded from computation of earnings per share	'	'	'
Anti-dilutive securities excluded from computation of earnings per share	44,958	57,335	107,523
OP Units	'	'	'
Anti-dilutive securities excluded from computation of earnings per share	'	'	'
Anti-dilutive securities excluded from computation of earnings per share	3,334,956	2,755,650	3,049,935
Series B Units	'	'	'
Anti-dilutive securities excluded from computation of earnings per share	'	'	'
Anti-dilutive securities excluded from computation of earnings per share	257,266	'	'
Series C Units	'	'	'
Anti-dilutive securities excluded from computation of earnings per share	'	'	'
Anti-dilutive securities excluded from computation of earnings per share	33,202	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 5) (USD $)

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Jun. 21, 2013

Apr. 30, 2012

Mar. 31, 2012

Mar. 01, 2012

Mar. 27, 2007

Series A Units

Series B Units

Series C Units

Operating Partnership

2.375% Exchangeable Senior Notes due 2033

3.625% Exchangeable Senior Notes due 2027

Earnings Per Common Share

Principal amount of notes

$250,000

Interest rate (as a percent)

2.38%

3.63%

Exchange price (in dollars per share)

$55.69

$23.20

Exchangeable senior notes

250,000

87,663

Shares related to the Notes included in the computation for diluted earnings per share

Exchangeable preferred operating partnership units settled in cash, minimum

115,000

Units outstanding (in dollars)

$33,568

$17,177

Closing price of common stock (in dollars per share)

$42.13

Number of shares which would have been issued upon assuming full exchange

989,980

796,776

407,705

SUMMARY_OF_SIGNIFICANT_ACCOUNT8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 6) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Computation of earnings per share	'	'	'	'	'	'	'	'	'	'	'
Net income attributable to common stockholders	$76,940	$29,245	$34,466	$31,425	$36,076	$38,606	$22,413	$20,214	$172,076	$117,309	$50,449
Earnings and dividends allocated to participating securities	'	'	'	'	'	'	'	'	-567	-279	-365
Earnings for basic computations	'	'	'	'	'	'	'	'	171,509	117,030	50,084
Earnings and dividends allocated to participating securities	'	'	'	'	'	'	'	'	567	279	365
Add: Income allocated to noncontrolling interest - Preferred Operating Partnership and Operating Partnership	'	'	'	'	'	'	'	'	7,255	6,876	6,289
Subtract: Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership	'	'	'	'	'	'	'	'	-5,750	-5,750	-5,750
Net income for diluted computations	'	'	'	'	'	'	'	'	$173,581	$118,435	$50,988
Weighted average common shares outstanding:	'	'	'	'	'	'	'	'	'	'	'
Average number of common shares outstanding - basic	'	'	'	'	'	'	'	'	111,349,361	101,766,385	91,301,265
Series A Units (in shares)	'	'	'	'	'	'	'	'	989,980	989,980	989,980
Dilutive and cancelled stock options and restricted stock awards (in shares)	'	'	'	'	'	'	'	'	765,753	1,011,000	1,342,328
Average number of common shares outstanding - diluted	'	'	'	'	'	'	'	'	113,105,094	103,767,365	93,633,573
Earnings per common share	'	'	'	'	'	'	'	'	'	'	'
Basic (in dollars per share)	$0.68	$0.26	$0.31	$0.28	$0.33	$0.37	$0.22	$0.21	$1.54	$1.15	$0.55
Diluted (in dollars per share)	$0.67	$0.26	$0.31	$0.28	$0.33	$0.37	$0.22	$0.21	$1.53	$1.14	$0.54

REAL_ESTATE_ASSETS_Details

REAL ESTATE ASSETS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
REAL ESTATE ASSETS	'	'	'
Gross real estate assets	$4,126,648	$3,379,512	'
Less: accumulated depreciation and amortization	-496,754	-391,928	'
Net operating real estate assets	3,629,894	2,987,584	'
Real estate under development/redevelopment	6,650	4,138	'
Net real estate assets	3,636,544	2,991,722	2,263,795
Real estate assets held for sale included in net real estate assets	5,625	8,600	'
Amortization period of intangible assets-tenant relationships	'18 months	'	'
Amortization expense related to the tenant relationships and lease rights	12,065	7,177	2,633
Maximum	'	'	'
REAL ESTATE ASSETS	'	'	'
Remaining amortization period (in years)	'P49Y	'	'
Minimum	'	'	'
REAL ESTATE ASSETS	'	'	'
Remaining amortization period (in years)	'P5Y	'	'
Land - operating	'	'	'
REAL ESTATE ASSETS	'	'	'
Gross real estate assets	1,009,500	755,565	'
Land - development	'	'	'
REAL ESTATE ASSETS	'	'	'
Gross real estate assets	10,421	12,050	'
Buildings and improvements	'	'	'
REAL ESTATE ASSETS	'	'	'
Gross real estate assets	3,032,218	2,551,886	'
Intangible assets - tenant relationships	'	'	'
REAL ESTATE ASSETS	'	'	'
Gross real estate assets	65,811	51,355	'
Intangible lease rights	'	'	'
REAL ESTATE ASSETS	'	'	'
Gross real estate assets	$8,698	$8,656	'

PROPERTY_ACQUISITIONS_AND_DISP2

PROPERTY ACQUISITIONS AND DISPOSITIONS (Details) (USD $)

0 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

1 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 11, 2013

Dec. 07, 2013

Sep. 26, 2013

16-May-13

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Nov. 03, 2013

Dec. 31, 2013

Dec. 02, 2013

Dec. 03, 2013

Sep. 26, 2013

Aug. 29, 2013

Sep. 26, 2013

Jun. 30, 2007

Dec. 31, 2013

Sep. 26, 2013

Dec. 03, 2013

Dec. 31, 2013

Dec. 03, 2013

Dec. 31, 2013

Dec. 03, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 27, 2012

1-May-12

Dec. 31, 2012

Jul. 31, 2012

property

Prudential Real Estate Investors'

PRISA III

Storage Portfolio Bravo II LLC

HSRE-ESP IA, LLC (HSRE)

Affiliated joint venture

Operating Partnership

Texas, 1 Property Acquired 2013/12/09

Hawaii 1 Property Acquired 2013/12/06

California properties acquired

California, 2 Properties Acquired 2013/12/03

California, 6 Properties Acquired 2013/12/02

Florida, 2 Property Acquired 2013/11/08

Florida, 1 Property Acquired 2013/11/07

Various states, 16 Property Acquired 2013/11/04

Various states, 19 Property Acquired 2013/11/01

Georgia 1 Property Acquired 2013/10/15

North Carolina 1 Property Acquired 2013/10/15

California, 1 Property Acquired 2013/09/26

California, 19 Properties Acquired 2013/08/29

Arizona, 2 Properties Acquired 2013/07/25

Maryland 1 Property Acquired 2013/06/10

Texas 1 Property Acquired 2013/05/08

Hawaii 2 Properties Acquired 2013/05/03

Illinois 1 Property Acquired 2013/02/13

Maryland 1 Property Acquired 2013/02/13

Florida, 1 Property Acquired 2012/12/28

Maryland, 1 Property Acquired 2012/12/27

Arizona, 1 Property Acquired 2012/12/27

Florida, 2 Properties Acquired 2012/12/27

Florida, 1 Property Acquired 2012/12/03

Various states, 21 Properties Acquired 2012/11/30

New Jersey, 4 Properties Acquired 2012/11/30

Massachusetts, 1 Property Acquired 2012/11/09

Utah, 1 Property Acquired 2012/09/28

Virginia, 1 Property Acquired 2012/09/20

New Jersey, 1 Property Acquired 2012/08/28

New Jersey, 1 Property Acquired 2012/08/23

New Jersey,1 Property Acquired 2012/08/23

New York, 1 Property Acquired 2012/08/10

Texas, 2 Property Acquired 2012/08/10

California, 1 Property Acquired 2012/07/26

South Carolina, 1 Property Acquired 2012/07/19

New Jersey, New York, 6 Property Acquired 2012/07/18

Colorado, 1 Property Acquired 2012/07/18

Various states, 36 Property Acquired 2012/07/02

Maryland, 1 Property Acquired 2012/05/31

Florida, 3 Property Acquired 2012/05/02

Maryland, 1 Property Acquired 2012/03/07

Texas, 1 Property Acquired 2012/02/29

Maryland, land acquired on July 31, 2012

property

item

property

Series B Units

Series C Units

property

Series C Units

property

Spacebox

property

item

property

item

Property Acquisitions

Number of Properties

Total Consideration Paid

$704,449

$761,648

$4,616

$8,029

$24,334

$48,514

$27,547

$10,500

$96,711

$187,825

$12,414

$5,535

$10,928

$186,427

$9,313

$13,688

$7,104

$27,560

$11,083

$12,321

$4,270

$13,107

$8,667

$8,766

$4,273

$164,566

$39,336

$9,011

$7,410

$6,884

$13,678

$9,091

$15,475

$15,300

$9,948

$4,860

$4,651

$55,622

$7,085

$322,516

$6,501

$14,942

$6,284

$9,405

Cash Consideration Paid

413,778

563,107

43,475

4,610

7,987

42,702

16,588

26,114

27,572

10,460

98,424

43,475

12,382

5,519

4,791

96,085

9,183

419

7,057

27,491

7,592

8,029

4,258

10,596

8,608

142

4,254

140,513

39,283

8,994

7,322

6,850

13,678

9,099

15,431

15,377

9,775

2,376

4,621

55,748

7,038

162,705

6,438

14,792

5,886

9,323

Loans Assumed

110,803

150,284

132,327

96,516

4,342

98,960

4,342

99,339

7,122

2,692

2,592

145,000

Non-cash gain

46,032

23,670

34,137

9,340

4,208

5,131

34,137

341

2,215

10,171

13,499

Notes Issued to/from Seller

2,251

8,584

2,251

8,584

Previous equity interest

14,867

17,539

-1,263

311

12,373

1,173

2,273

14,184

3,355

Net Liabilities (Assets) Assumed

-2,498

-1,965

173

-25

-1,713

-1,499

519

130

-17

-274

-196

-181

-302

-8

-77

173

-108

-126

-2,043

150

Value of OP units issued

119,216

429

4,734

12,443

6,086

89,823

6,130

377

Number of OP Units Issued (in shares)

3,342,691

16,007

112,446

295,550

177,107

2,613,728

143,860

1,814

14,193

Acquisition Date Fair Value, Land

255,422

168,259

2,033

6,061

8,859

3,909

2,108

24,248

85,123

1,773

3,614

3,138

100,446

2,001

2,160

1,374

5,991

1,318

1,266

805

4,314

2,973

1,597

1,133

41,988

10,920

3,115

2,063

1,172

1,511

2,144

1,890

2,800

4,869

2,428

1,784

8,584

67,550

1,185

1,933

465

1,036

Acquisition Date Fair Value, Building

431,768

573,500

2,495

7,776

15,402

38,347

23,221

8,028

70,160

99,500

10,456

1,788

7,429

81,830

7,110

11,340

5,636

20,976

9,485

10,789

3,345

8,412

5,545

6,862

3,017

119,681

26,712

5,684

5,202

5,562

11,732

6,660

13,112

12,173

4,826

2,317

2,755

45,359

6,945

246,133

5,051

12,682

5,600

8,133

Acquisition Date Fair Value, Intangible

11,800

16,570

218

392

864

374

161

1,874

3,203

174

126

181

2,997

192

438

190

260

206

141

215

2,881

825

190

132

119

241

158

269

241

107

1,227

137

8,142

147

321

128

187

Closing costs - expensed

5,461

3,319

2,479

444

203

429

180

1,154

188

155

175

879

194

129

204

452

691

118

Number of properties in which interests were acquired

Additional interest acquired in the venture (as a percent)

94.90%

80.00%

49.00%

65.00%

Number of properties held by each joint venture

Number of properties owned by joint venture

Number of states in which joint venture owns properties

Equity ownership prior to the acquisition (as a percent)

5.10%

20.00%

50.00%

35.00%

Previous equity interest, fair value

16,300

31,500

43,500

8,400

Number of notes receivable purchased

Note receivable purchased

5,000

7,875

50,140

7,875

Interest rate (as a percent)

15.00%

Equity Ownership (as a percent)

99.00%

Ownership interests of third party owners (as a percent)

1.00%

5.80%

Number of joint ventures in which interests were acquired

Number of self-storage facilities (properties) acquired

Number of self storage properties

Cash portion of payment for acquisition

42,702

100,876

29,054

Preferred OP units issued as part of the acquisition (in shares)

1,342,727

407,996

295,107

407,996

Preferred OP units issued as part of the acquisition

33,568

17,177

12,424

17,177

Amount of premium on loan

2,823

Percentage of ownership interest sold in parcel of undeveloped land

50.00%

Common OP units issued as part of the acquisition (in shares)

1,448,108

Common OP units issued as part of the acquisition

62,341

Defeasance costs

9,153

-9,153

Gain on condemnation of a portion of land

800

Number of self storage property which portion of land condemned

Property sold

2,025

3,250

950

Percentage of interest in parcel of undeveloped land held by buyer as a tenant in common

50.00%

Gain (loss) on sale of property

160

960

Cash Consideration Paid

3,671

Number of acquired properties included in pro forma financial information out of total properties acquired

Number properties excluded from pro

Pro forma financial information

Total revenues

558,484

457,786

Net income attributable to common stockholders

189,794

132,744

Earnings per common share

Basic

$1.70

$1.30

Diluted

$1.70

$1.30

Summary of revenues and earnings related to acquisition since the acquisition date

Total revenues

17,907

Net income attributable to common stockholders

$6,132

INVESTMENTS_IN_UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES (Details) (USD $)

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 20, 2012

Feb. 17, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Nov. 03, 2013

Dec. 31, 2013

Dec. 03, 2013

Dec. 31, 2013

Dec. 03, 2013

Dec. 31, 2013

Feb. 13, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Feb. 13, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Jul. 02, 2012

Dec. 31, 2012

Dec. 31, 2011

Nov. 30, 2013

Nov. 30, 2012

Dec. 31, 2012

Dec. 31, 2011

Jan. 15, 2012

Dec. 31, 2013

Dec. 31, 2011

item

HSRE-ESP IA, LLC (HSRE)

California properties acquired

Extra Space of Eastern Avenue LLC

Extra Space of Montrose Avenue LLC

Extra Space West One LLC (ESW)

Extra Space West Two LLC (ESW II)

Extra Space Northern Properties Six LLC (ESNPS)

Extra Space of Santa Monica LLC (ESSM)

Clarendon Storage Associates Limited Partnership (Clarendon)

HSRE-ESP IA, LLC (HSRE)

PRISA Self Storage LLC (PRISA)

PRISA II Self Storage LLC (PRISA II)

VRS Self Storage LLC (VRS)

WCOT Self Storage LLC (WCOT)

Storage Portfolio I LLC (SP I)

Other unconsolidated real estate ventures

PRISA III Self Storage LLC (PRISA III)

Storage Portfolio Bravo II (SPB II)

U-Storage de Mexico S.A and related entities (U-Storage)

Extra Space Joint Ventures with Everest Real Estate Fund (Everest)

property

Series C Units

property

Minimum

Maximum

Minimum

Maximum

property

item

Real estate joint ventures of the entity

Equity Ownership (as a percent)

99.00%

58.00%

39.00%

5.00%

10.00%

48.00%

50.00%

99.00%

2.00%

45.00%

5.00%

25.00%

18.00%

50.00%

Excess Profit Participation (as a percent)

40.00%

50.00%

40.00%

35.00%

48.00%

50.00%

99.00%

17.00%

54.00%

20.00%

25.00%

40.00%

19.00%

50.00%

Investment balance

$88,125

$106,313

$2,305

$1,173

$138

$413

$4,286

$4,404

$263

$626

$2,541

$2,655

$3,155

$3,160

$12,506

$10,737

$10,972

$9,143

$9,331

$41,810

$43,107

$4,145

$4,315

$12,343

$12,587

($436)

($1,241)

Number of previously unconsolidated entities that were required to be consolidated

Number of joint ventures in which interests were acquired

Number of properties held by each joint venture

Cash portion of payment for acquisition

29,054

Preferred OP units issued as part of the acquisition (in shares)

295,107

407,996

Preferred OP units issued as part of the acquisition

12,424

17,177

Additional interest acquired in the venture (as a percent)

49.00%

65.00%

Cash Consideration Paid

413,778

563,107

43,475

42,702

Ownership interests of third party owners (as a percent)

1.00%

Value of ownership interest of third party owners

870

Previous equity interest, fair value

43,500

8,400

Ownership interest acquired in joint venture (as a percent)

48.00%

61.00%

94.90%

80.00%

Number of self-storage facilities (properties) acquired

Number of properties owned by joint venture

Cash paid for acquiring equity interest in the joint venture

5,979

6,878

Non-cash gain

46,032

23,670

34,137

9,340

2,215

341

13,499

10,171

Number of joint ventures dissolved

Equity ownership percentage in joint venture, prior to dissolution and final distribution

20.00%

40.00%

Equity ownership prior to the acquisition (as a percent)

50.00%

35.00%

52.00%

39.00%

5.10%

20.00%

Cash gain on sale of investment in joint venture

Gain recognized from dissolution of joint venture

1,409

5,550

Additional contributions

1,516

1,423

4,088

Promissory notes to purchase interest in joint venture

8,584

4,850

Notes payable assumed

110,803

150,284

132,327

96,516

Number of states in which joint venture owns properties

Percentage of interest in a joint venture sold

40.00%

Aggregate consideration received

4,841

Cash consideration received

1,492

Issuance of notes receivable

3,349

Balance of note receivable

747

Equity in earnings of real estate ventures

Equity in earnings (losses)

11,653

10,859

7,287

461

157

137

-20

-46

1,406

1,263

1,156

-8

461

382

338

369

314

114

516

471

465

1,428

1,298

388

890

821

674

703

643

530

3,464

2,849

2,279

448

370

1,243

1,103

-116

214

565

187

330

430

301

Amortization amount of excess purchase price included in equity earnings

$25,713

Amortization period of excess purchase price included in equity earnings

'40 years

INVESTMENTS_IN_UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES (Details 2) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Extra Space West One LLC (ESW)	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount - Fixed	$16,700
Current Interest Rate (as a percent)	5.00%
Extra Space West Two LLC (ESW II)	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount - Swapped to fixed	19,327
Current Interest Rate (as a percent)	3.57%
Extra Space Northern Properties Six LLC (ESNPS)	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount - Fixed	34,500
Current Interest Rate (as a percent)	5.27%
Extra Space of Santa Monica LLC (ESSM)	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount - Variable	11,125
Current Interest Rate (as a percent)	2.19%
Clarendon Storage Associates Limited Partnership (Clarendon)	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount - Swapped to fixed	8,024
Current Interest Rate (as a percent)	5.93%
VRS Self Storage LLC (VRS)	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount - Swapped to fixed	52,100
Current Interest Rate (as a percent)	3.34%
WCOT Self Storage LLC (WCOT)	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount - Swapped to fixed	87,500
Current Interest Rate (as a percent)	3.34%
Storage Portfolio I LLC (SP I)	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount - Fixed	93,994
Current Interest Rate (as a percent)	4.66%
Other unconsolidated real estate ventures	'
Information (unaudited) related to the real estate ventures' debt	'
Loan Amount	$25,504

INVESTMENTS_IN_UNCONSOLIDATED_4

INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Assets:	'	'	'
Net real estate assets	$1,474,754	$1,633,402	'
Other	33,788	33,103	'
Total	1,508,542	1,666,505	'
Liabilities and member's equity:	'	'	'
Notes payable	304,121	404,630	'
Other liabilities	22,040	27,383	'
Member's equity	1,182,381	1,234,492	'
Total	1,508,542	1,666,505	'
Statements of Operations:	'	'	'
Rents and other income	260,487	266,222	304,499
Expenses	149,595	164,285	217,114
Net income	$110,892	$101,937	$87,385

INVESTMENTS_IN_UNCONSOLIDATED_5

INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
	item
Variable Interests in Unconsolidated Real Estate Joint Ventures:	'
Management fees charged from unconsolidated VIE (as a percent)	6.00%
Number of consolidated VIEs	0
Variable Interest Entity, not primary beneficiary	'
Variable Interests in Unconsolidated Real Estate Joint Ventures:	'
Number of interests in unconsolidated VIE joint ventures	1
Equity Ownership (as a percent)	18.00%
Profit interest in unconsolidated joint venture (as a percent)	50.00%
Voting rights in unconsolidated VIE joint ventures (as a percent)	50.00%
Management fees charged from unconsolidated VIE (as a percent)	6.00%
Liability related to guarantee recorded	0
Variable Interest Entity, not primary beneficiary \| Extra Space of Sacramento One LLC	'
Variable Interests in Unconsolidated Real Estate Joint Ventures:	'
Investment balance	-1,096
Balance of guaranteed loan	4,307
Amounts Payable to the Company	6,283
Maximum exposure to loss	9,494
Difference	-9,494

OTHER_ASSETS_Details

OTHER ASSETS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Components of other assets	'	'
Equipment and fixtures	$21,774	$15,090
Less: accumulated depreciation	-12,805	-10,223
Other intangible assets	6,460	3,434
Deferred financing costs, net	21,881	19,783
Prepaid expenses and deposits	8,355	7,934
Receivables, net	32,025	19,881
Investments in Trusts	3,590	3,590
Income taxes receivable	1,845	3,609
Fair value of interest rate swaps	13,630	'
Deferred tax assets	'	3,505
Other assets, net	$96,755	$66,603

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Notes Payable	'	'
Total notes payable	1,588,596	1,369,690
Summary of the scheduled maturities of notes payable	'	'
Total notes payable	1,588,596	1,369,690
Notes Payable:	'	'
Notes Payable	'	'
Notes payable at fixed rate of interest	1,249,295	1,156,015
Notes payable at variable rate of interest	339,301	213,675
Total notes payable	1,588,596	1,369,690
Fixed Rate Interest	'	'
Fixed rate of interest, low end of range (as a percent)	2.80%	'
Fixed rate of interest, high end of range (as a percent)	6.70%	'
Summary of the scheduled maturities of notes payable	'	'
2014	29,004	'
2015	257,432	'
2016	156,315	'
2017	422,215	'
2018	137,794	'
Thereafter	585,836	'
Total notes payable	1,588,596	1,369,690
Notes Payable, Other Disclosures	'	'
Interest rate floor on debt (as a percent)	2.05%	'
Notes payable subject to recourse	1,016,463	'
Notes Payable: \| LIBOR	'	'
Variable Rate Interest	'	'
Effective rate of interest, low end of range (as a percent)	1.97%	2.21%
Effective rate of interest, high end of range (as a percent)	2.27%	3.21%
Notes Payable: \| LIBOR \| Minimum	'	'
Variable Rate Interest	'	'
Basis spread on variable rate (as a percent)	1.80%	'
Notes Payable: \| LIBOR \| Maximum	'	'
Variable Rate Interest	'	'
Basis spread on variable rate (as a percent)	2.10%	'
Notes Payable: \| Prime	'	'
Variable Rate Interest	'	'
Basis spread on variable rate (as a percent)	3.25%	'

DERIVATIVES_Details

DERIVATIVES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	item	Dec. 31, 2012	Dec. 31, 2011
Derivatives	'	'	'
Estimated amount of unrealized gains or losses expected to be reclassified as interest expense in next fiscal year	$8,298	'	'
Number of derivative financial instruments	22	'	'
Strike rate cash flow hedge swap agreements, low end of range (as a percent)	2.79%	'	'
Strike rate cash flow hedge swap agreements, high end of range (as a percent)	6.32%	'	'
Other assets - Fair Value of Swap Agreements	13,630	'	'
Other liabilities - Fair Value of Swap Agreements	-3,684	-15,228	'
Swap agreements increase (decrease) in interest expenses due to interest payments	-8,917	-6,758	-3,771
Swap agreements gain (loss) recognized in OCI	13,718	'	'
Swap agreements gain (loss) reclassified from OCI - Interest expense	-8,917	'	'
Credit risk derivative, fair value of derivatives in a net liability position	3,684	'	'
Estimated termination value on settlement	3,946	'	'
Low end of range	'	'	'
Derivatives	'	'	'
Notional Amounts	4,780	'	'
High end of range	'	'	'
Derivatives	'	'	'
Notional Amounts	$96,107	'	'

NOTES_PAYABLE_TO_TRUSTS_Detail

NOTES PAYABLE TO TRUSTS (Details) (USD $)

0 Months Ended

1 Months Ended

In Thousands, unless otherwise specified

Jul. 27, 2010

Jun. 30, 2010

Jul. 31, 2005

31-May-05

Apr. 30, 2005

Trust III

Trust II

Trust

Variable Interest Entity, not primary beneficiary

Preferred securities

Trust III

Trust II

Trust

Preferred securities

Common securities

Preferred securities

Common securities

Preferred securities

Common securities

security

NOTES PAYABLE TO TRUSTS

Issuance of securities

$40,000

$1,238

$41,000

$1,269

$35,000

$1,083

Number of securities issued (in securities)

1,238

1,269

1,083

Proceeds from issuance of securities

41,238

42,269

36,083

Prepayment premium on redemption of securities

NOTES_PAYABLE_TO_TRUSTS_Detail1

NOTES PAYABLE TO TRUSTS (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Jul. 31, 2010	Dec. 31, 2013	Jun. 30, 2010	Dec. 31, 2013
In Thousands, unless otherwise specified			Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership
			Variable Interest Entity, not primary beneficiary	Variable Interest Entity, not primary beneficiary	Variable Interest Entity, not primary beneficiary	Variable Interest Entity, not primary beneficiary	Variable Interest Entity, not primary beneficiary	Variable Interest Entity, not primary beneficiary
			Trusts	Trust III	Trust III	Trust II	Trust II	Trust
NOTES PAYABLE TO TRUSTS	'	'	'	'	'	'	'	'
Interest rate, fixed (as a percent)	'	'	'	'	6.91%	'	6.67%	'
Reference rate	'	'	'	'three month LIBOR	'	'three month LIBOR	'	'three month LIBOR
Margin added to variable rate (as a percent)	'	'	'	2.40%	'	2.40%	'	2.25%
Interest rate swap, fixed rate of interest (as a percent)	'	'	'	4.99%	'	4.99%	'	5.62%
Comparison of the liability balance and the maximum exposure to loss related to trusts	'	'	'	'	'	'	'	'
Notes payable to Trusts	$119,590	$119,590	$119,590	$41,238	'	$42,269	'	$36,083
Investment Balance	3,590	3,590	3,590	1,238	'	1,269	'	1,083
Maximum exposure to loss	'	'	$116,000	$40,000	'	$41,000	'	$35,000

EXCHANGEABLE_SENIOR_NOTES_Deta

EXCHANGEABLE SENIOR NOTES (Details) (USD $)

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Jun. 21, 2013

Dec. 31, 2013

Jun. 21, 2013

Mar. 27, 2007

Apr. 30, 2012

Apr. 26, 2012

Mar. 01, 2012

2033 Notes and 2027 Notes

2.375% Exchangeable Senior Notes due 2033

3.625% Exchangeable Senior Notes due 2027

Operating Partnership

Minimum

Maximum

Operating Partnership

Notes payable

Principal amount of notes issued

$250,000,000

Interest rate (as a percent)

2.38%

3.63%

Discount rate (as a percent)

1.50%

Issuance cost

1,672,000

Amortization period

'5 years

Conversion ratio, number of shares per $1,000 principal amount, numerator

17.96

Principal amount used for debt instrument conversion ratio

1,000

Redemption price as percentage of principal amount of notes plus accrued and unpaid interest

100.00%

Number of days of written notice to holders of notes required for redemption

'30 days

'60 days

Redemption price as percentage of principal amount of notes at request of debt holders and upon occurrence of designated event

100.00%

Information about the equity and the liability component of the convertible debt instruments

Carrying amount of equity component

-14,496,000

Principal amount of liability component

250,000,000

87,663,000

Unamortized discount - equity component

-13,131,000

Unamortized cash discount

-16,487,000

-3,750,000

-3,356,000

Net carrying amount of liability component

233,513,000

Effective interest rate on the liability component (as a percent)

4.00%

5.75%

Shares of common stock issued

115,755,527

110,737,205

684,685

Information relating to the contractual interest rate and amortization of the discount on the liability component

Contractual interest

3,134,000

790,000

3,178,000

Amortization of discount

1,404,000

444,000

1,761,000

1,404,000

444,000

1,761,000

Total interest expense recognized

$4,538,000

$1,234,000

$4,939,000

LINES_OF_CREDIT_Details

LINES OF CREDIT (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Feb. 13, 2014
In Thousands, unless otherwise specified		Credit Line 1	Credit Line 2	Credit Line 3	Credit Line 4	Amended Credit Line 3
			count	count	count
Line of Credit	'	'	'	'	'	'
Capacity	$280,000	$75,000	$85,000	$40,000	$80,000	$50,000
Interest Rate (as a percent)	'	2.07%	2.07%	2.37%	1.87%	'
Line of credit facility variable rate basis	'	'LIBOR	'LIBOR	'LIBOR	'LIBOR	'LIBOR
Basis spread on variable rate (as a percent)	'	1.90%	1.90%	2.20%	1.70%	1.75%
Extension of maturity date	'	'1 year	'2 years	'1 year	'1 year	'
Number of extensions to maturity date (in count)	'	'	1	2	2	'

OTHER_LIABILITIES_Details

OTHER LIABILITIES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	item	item	item
OTHER LIABILITIES	'	'	'
Deferred rental income	$24,037	$20,752	'
Lease obligation liability	2,076	3,826	'
Fair value of interest rate swaps	3,684	15,228	'
Income taxes payable	671	1,414	'
Deferred tax liability	3,481	'	'
Other miscellaneous liabilities	4,048	7,028	'
Other liabilities, Total	37,997	48,248	'
Minimum rental receivable under non-cancelable subleases	2,352	3,826	'
Number of claims made	2,316	2,060	1,834
Roll forward of the liability of unpaid claims	'	'	'
Unpaid claims liability at beginning of year	1,414	715	'
Provision for current year claims	3,817	3,417	'
Increase (decrease) in provision for prior year claims	-116	22	'
Payments for current year claims	-2,627	-2,028	'
Payments for prior year claims	-1,252	-712	'
Unpaid claims liability at the end of year	$1,236	$1,414	$715

RELATED_PARTY_AND_AFFILIATED_R2

RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS (Details) (USD $)	0 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Oct. 02, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fees as a percentage of cash collected from total revenues	'	6.00%	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	$26,614	$25,706	$29,924
Receivables representing asset management fee owed	'	'	'	5,327
Receivables from related parties and affiliated real estate joint ventures	'	'	'	'
Due from related Parties	'	7,542	11,078	'
Mortgage notes receivable	'	'	'	'
Receivables from related parties and affiliated real estate joint ventures	'	'	'	'
Due from related Parties	'	5,818	7,670	'
Other receivables from properties	'	'	'	'
Receivables from related parties and affiliated real estate joint ventures	'	'	'	'
Due from related Parties	'	1,724	3,408	'
Extra Space West One LLC (ESW)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	450	430	410
Extra Space West Two LLC (ESW II)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	382	354	335
Extra Space Northern Properties Six LLC (ESNPS)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	528	498	479
Extra Space of Santa Monica LLC (ESSM)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	117	107	85
HSRE-ESP IA, LLC (HSRE)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	1,146	1,094	1,045
PRISA Self Storage LLC (PRISA)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	5,215	5,174	4,961
PRISA II Self Storage LLC (PRISA II)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	4,397	4,138	4,016
PRISA III	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	'	920	1,796
VRS Self Storage LLC (VRS)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	1,286	1,207	1,156
WCOT Self Storage LLC (WCOT)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	1,601	1,520	1,497
Storage Portfolio I LLC (SP I)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Basis points multiplied by the total asset value for asset management fee	'	0.50%	'	'
Management fee revenues	'	1,953	1,885	6,392
Period over which asset management fee is not recorded	'	'	'	'5 years
Annual asset management fee	'	'	'	885
Reduction of equity in earnings	'	'	'	221
Amount of net income understated	'	'	'	664
Increase in management fee revenues to record asset management fee	'	'	'	4,425
Adjustment to reduce equity in earnings	'	'	'	1,106
Storage Portfolio Bravo II (SPB II)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	'	923	969
Extra Space Joint Ventures with Everest Real Estate Fund (Everest)	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	15	133	528
Other	'	'	'	'
RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS	'	'	'	'
Management fee revenues	'	9,524	7,323	6,255
Centershift	'	'	'	'
Receivables from related parties and affiliated real estate joint ventures	'	'	'	'
Cash paid for related party transactions	'	1,095	1,235	1,087
Contract period	'3 years	'	'	'
Buy out of remainder of contract	1,500	'	'	'
Payment for purchase of some source code and some equipment	2,600	'	'	'
SpenAero, L.C.	'	'	'	'
Receivables from related parties and affiliated real estate joint ventures	'	'	'	'
Cash paid for related party transactions	'	$803	$649	$608

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	0 Months Ended			1 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Nov. 08, 2013	Nov. 09, 2012	Apr. 16, 2012	31-May-11	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	Nov. 08, 2013	Nov. 09, 2012	Apr. 16, 2012	31-May-11	item	Dec. 31, 2012	Dec. 31, 2011
STOCKHOLDERS' EQUITY	'	'	'	'	'	'	'
Common stock, shares authorized	'	'	'	'	300,000,000	300,000,000	'
Common stock, par value per share (in dollars per share)	'	'	'	'	$0.01	$0.01	'
Preferred stock, shares authorized	'	'	'	'	50,000,000	50,000,000	'
Preferred stock, par value per share (in dollars per share)	'	'	'	'	$0.01	$0.01	'
Preferred stock, shares issued	'	'	'	'	0	0	'
Preferred stock, shares outstanding	'	'	'	'	0	0	'
Common stock, shares issued	'	'	'	'	115,755,527	110,737,205	'
Common stock, shares outstanding	'	'	'	'	115,755,527	110,737,205	'
Number of votes, common stock holder rights	'	'	'	'	1	'	'
Common stock, voting rights	'	'	'	'	'All holders of the Company's common stock are entitled to receive dividends and to one vote on all matters submitted to a vote of stockholders.	'	'
Public stock offering (in shares)	4,500,000	5,980,000	8,050,000	5,335,423	'	'	'
Offer price of shares of common stock sold in a public offering (in dollars per share)	$45.81	$33.98	$28.22	$21.16	'	'	'
Gross proceeds from issuance of common stock	$206,145	$203,200	$227,171	$112,898	'	'	'
Transaction costs of stock issuance	157	300	483	549	'	'	'
Net proceeds from issuance of common stock	$205,988	$202,900	$226,688	$112,349	$205,988	$429,588	$112,349

NONCONTROLLING_INTEREST_REPRES1

NONCONTROLLING INTEREST REPRESENTED BY PREFERRED OPERATING PARTNERSHIP UNITS (Details) (USD $)

12 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

In Thousands, except Share data, unless otherwise specified

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Jun. 30, 2007

Dec. 02, 2013

Dec. 03, 2013

Sep. 26, 2013

Aug. 29, 2013

Jun. 30, 2007

Dec. 31, 2013

Sep. 26, 2013

Dec. 31, 2013

Dec. 03, 2013

Jun. 30, 2007

Jun. 25, 2007

Series B Units

Series C Units

Holders of A units

Operating Partnership

item

Series A Units

property

Series A Units

Series B Units

Series C Units

Holders of A units

Noncontrolling interest represented by preferred operating partnership units

Number of self-storage facilities (properties) acquired

Preferred OP units issued as part of the acquisition (in shares)

989,980

1,342,727

407,996

Loan to holders of preferred OP units

$100,000

Note receivable interest rate (as a percent)

4.85%

Maximum number of preferred OP units converted prior to the maturity date of the loan (in shares)

114,500

Fixed priority return on preferred OP units, amount

115,000

Fixed priority return on preferred OP units, stated return rate (as a percent)

5.00%

Fixed priority return on preferred OP units, liquidation value

115,000

Number of self storage properties

Cash portion of payment for acquisition

42,702

100,876

Debt Assumed

110,803

150,284

132,327

4,342

98,960

Preferred OP units issued as part of the acquisition

33,568

17,177

Common OP units issued as part of the acquisition (in shares)

1,448,108

Common OP units issued as part of the acquisition

$62,341

Liquidation value (in dollars per share)

$25

$42.10

Annual rate of return (as a percent)

6.00%

Ownership interest in 4 of the 8 properties through joint ventures prior to the acquisition

35.00%

Number of self-storage properties in which ownership interest was held prior to acquisition of remaining properties

Quarterly distribution per preferred OP unit payable above quarterly distribution for common OP Unit

$0.18

Number of quarters immediately preceding the fifth anniversary of issuance for which distribution is payable

Period from date of issuance after which preferred OP units will become redeemable at the option of the holder

'1 year

Period from date of issuance after which preferred OP units will become convertible into common OP units at the option of the holder

'1 year

Preferred OP units conversion ratio

0.9145

NONCONTROLLING_INTEREST_IN_OPE1

NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP (Details) (USD $)	12 Months Ended		0 Months Ended	1 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Sep. 26, 2013	Oct. 31, 2013	Sep. 26, 2013	Apr. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Apr. 30, 2012	Dec. 31, 2013
	property	property	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership	Operating Partnership
					property
Noncontrolling interest in operating partnership	'	'	'	'	'	'	'	'	'	'
Ownership interest held by entity (as a percent)	'	'	'	'	'	'	'	'	'	94.20%
Noncontrolling interest in operating partnership (as a percent)	'	'	'	'	'	'	'	'	'	5.80%
Common OP units outstanding (in shares)	'	'	'	'	'	'	'	'	'	4,334,118
Period used as a denomination to determine the average closing price of common stock	'10 days	'	'	'	'	'	'	'	'	'
Common OP units conversion basis	'one-for-one basis	'	'	'	'	'	'	'	'	'
Ten day average closing stock price (in dollars per share)	$42.05	'	'	'	'	'	'	'	'	'
Consideration to be paid on redemption of common OP units	$182,250	'	'	'	'	'	'	'	'	'
Number of units redeemed during the period (in units)	'	'	'	12,500	'	'	'	304,817	'	'
Number of units redeemed for cash during the period (in units)	'	'	'	'	'	1,000	1,000	'	5,475	'
Cash consideration paid on redemption of common OP units	0	'	'	'	'	41	41	'	155	'
Number of properties purchased	78	91	'	'	20	'	'	'	'	'
Common OP units issued as part of the acquisition (in shares)	'	'	1,448,108	'	'	'	'	'	'	'
Common OP units issued as part of the acquisition	'	'	$62,341	'	$62,341	'	'	'	'	'

OTHER_NONCONTROLLING_INTERESTS1

OTHER NONCONTROLLING INTERESTS (Details) (USD $)	1 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2013	31-May-13	Feb. 28, 2013	Dec. 31, 2013	Feb. 27, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013
		property	property	property		Other noncontrolling interests	Other noncontrolling interests	Other noncontrolling interests
						property	Minimum	Maximum
Other Noncontrolling Interests	'	'	'	'	'	'	'	'
Number of consolidated self-storage properties	'	'	'	'	'	2	'	'
Number of properties under construction	'	'	'	1	'	'	'	'
Number of properties owned by consolidated joint venture	'	'	'	19	'	'	'	'
Ownership interests of third party owners (as a percent)	'	'	'	'	'	'	1.00%	3.30%
Number of joint venture partners in a consolidated self-storage property in which ownership interest was acquired	'	1	1	'	'	'	'	'
Purchase of capital interest by entity in a joint venture partner of a consolidated property (as a percent)	10.00%	27.60%	1.70%	'	'	'	'	'
Purchase of profit interest by the entity in a joint venture partner of a consolidated property (as a percent)	'	35.00%	17.00%	'	'	'	'	'
Cash paid for acquiring interest in a joint venture partner of a consolidated property	$1,292	$950	$200	'	'	'	'	'
Ownership interest held by entity in joint venture partner of a consolidated property prior to acquisition (as a percent)	'	'	'	'	95.00%	'	'	'
Ownership interest held by entity in joint venture partner of a consolidated property (as a percent)	'	'	'	'	96.70%	'	'	'

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Details)	12 Months Ended
STOCK-BASED COMPENSATION (Details)	Dec. 31, 2013
STOCK BASED COMPENSATION	'
Shares available for issuance under plans	2,390,415
Stock options	'
STOCK BASED COMPENSATION	'
Vesting period	'4 years
Expiration period, minimum	'10 years
Restricted stock	'
STOCK BASED COMPENSATION	'
Vesting period	'4 years

STOCKBASED_COMPENSATION_Detail1

STOCK-BASED COMPENSATION (Details 2) (Stock options, USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock options	'	'	'
Stock options activity	'	'	'
Balance at the beginning of the period (in shares)	1,097,092	1,798,861	3,105,905
Granted (in shares)	49,075	67,084	110,900
Exercised (in shares)	-391,543	-768,853	-1,388,269
Forfeited (in shares)	'	'	-29,675
Balance at the end of the period (in shares)	754,624	1,097,092	1,798,861
Vested and expected to vest (in shares)	734,400	'	'
Exercisable at the end of the period (in shares)	556,191	'	'
Weighted Average Exercise Price	'	'	'
Balance at the beginning of the period (in dollars per share)	$13.89	$13.25	$13.13
Granted (in dollars per share)	$38.40	$27.18	$19.60
Exercised (in dollars per share)	$14.81	$13.55	$13.44
Forfeited (in dollars per share)	'	'	$15.65
Balance at the end of the period (in dollars per share)	$15	$13.89	$13.25
Vested and Expected to Vest (in dollars per share)	$14.52	'	'
Exercisable at the end of the period (in dollars per share)	$11.84	'	'
Weighted Average Remaining Contractual Term	'	'	'
Outstanding at the beginning of the period	'5 years 1 month 6 days	'	'
Outstanding at the end of the period	'5 years 1 month 6 days	'	'
Vested and Expected to Vest	'5 years 4 days	'	'
Exercisable at the end of the period	'4 years 2 months 16 days	'	'
Aggregate intrinsic value	'	'	'
Outstanding at the end of the period	$20,471	'	'
Vested and Expected to Vest at the end of the period	20,276	'	'
Exercisable at the end of the period	$16,847	'	'
Weighted average fair value of stock options granted (in dollars per share)	$9.74	$6.64	$5.39
Weighted average assumptions used to estimate fair value of option	'	'	'
Expected volatility (as a percent)	42.00%	44.00%	45.00%
Dividend yield (as a percent)	4.00%	5.00%	5.00%
Risk-free interest rate (as a percent)	1.00%	1.00%	2.00%
Average expected term	'5 years	'5 years	'5 years
Weighted average forfeiture rate (as a percent)	5.00%	'	'

STOCKBASED_COMPENSATION_Detail2

STOCK-BASED COMPENSATION (Details 3) (USD $)	12 Months Ended
STOCK-BASED COMPENSATION (Details 3) (USD $)	Dec. 31, 2013
Exercise price range $6.22-$11.50	'
Information about non-qualified stock options, by exercise price	'
Exercise price range, lower limit (in dollars per share)	$6.22
Exercise price range, upper limit (in dollars per share)	$11.50
Options outstanding	'
Shares	191,465
Weighted Average Remaining Contractual Life	'5 years 1 month 17 days
Weighted Average Exercise Price (in dollars per share)	$6.22
Options exercisable	'
Shares	191,465
Weighted Average Exercise Price (in dollars per share)	$6.22
Exercise price range $11.51-$12.50	'
Information about non-qualified stock options, by exercise price	'
Exercise price range, lower limit (in dollars per share)	$11.51
Exercise price range, upper limit (in dollars per share)	$12.50
Options outstanding	'
Shares	192,960
Weighted Average Remaining Contractual Life	'4 years 9 months 29 days
Weighted Average Exercise Price (in dollars per share)	$12.06
Options exercisable	'
Shares	134,315
Weighted Average Exercise Price (in dollars per share)	$12.17
Exercise price range $12.51-$15.50	'
Information about non-qualified stock options, by exercise price	'
Exercise price range, lower limit (in dollars per share)	$12.51
Exercise price range, upper limit (in dollars per share)	$15.50
Options outstanding	'
Shares	143,700
Weighted Average Remaining Contractual Life	'2 years 6 months 22 days
Weighted Average Exercise Price (in dollars per share)	$14.76
Options exercisable	'
Shares	143,700
Weighted Average Exercise Price (in dollars per share)	$14.76
Exercise price range $15.51-$19.60	'
Information about non-qualified stock options, by exercise price	'
Exercise price range, lower limit (in dollars per share)	$15.51
Exercise price range, upper limit (in dollars per share)	$19.60
Options outstanding	'
Shares	116,350
Weighted Average Remaining Contractual Life	'5 years 3 months 25 days
Weighted Average Exercise Price (in dollars per share)	$18.37
Options exercisable	'
Shares	75,950
Weighted Average Exercise Price (in dollars per share)	$17.71
Exercise price range $19.61-$38.40	'
Information about non-qualified stock options, by exercise price	'
Exercise price range, lower limit (in dollars per share)	$19.61
Exercise price range, upper limit (in dollars per share)	$38.40
Options outstanding	'
Shares	110,149
Weighted Average Remaining Contractual Life	'8 years 7 months 10 days
Weighted Average Exercise Price (in dollars per share)	$32.20
Options exercisable	'
Shares	10,761
Weighted Average Exercise Price (in dollars per share)	$27.35
Exercise price range $6.22-$38.40	'
Information about non-qualified stock options, by exercise price	'
Exercise price range, lower limit (in dollars per share)	$6.22
Exercise price range, upper limit (in dollars per share)	$38.40
Options outstanding	'
Shares	754,624
Weighted Average Remaining Contractual Life	'5 years 1 month 6 days
Weighted Average Exercise Price (in dollars per share)	$15
Options exercisable	'
Shares	556,191
Weighted Average Exercise Price (in dollars per share)	$11.84

STOCKBASED_COMPENSATION_Detail3

STOCK-BASED COMPENSATION (Details 4) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock-based compensation	'	'	'
Cash received related to option exercise	$5,896	$10,267	$18,622
Stock options	'	'	'
Stock-based compensation	'	'	'
Compensation expense recorded during the period in general and administrative expense	536	585	942
Cash received related to option exercise	5,896	10,267	18,622
Unrecognized compensation expense	704	'	'
Weighted-average period for recognition of unrecognized compensation expense	'1 year 7 months 6 days	'	'
Restricted stock	'	'	'
Stock-based compensation	'	'	'
Compensation expense recorded during the period in general and administrative expense	4,283	3,771	4,815
Weighted average forfeiture rate (as a percent)	9.70%	'	'
Unrecognized compensation expense	$6,659	'	'
Weighted-average period for recognition of unrecognized compensation expense	'1 year 11 months 12 days	'	'
Restricted Stock Grants	'	'	'
Balance at the beginning of the period (in shares)	540,272	662,766	891,124
Granted (in shares)	137,602	182,052	226,630
Released (in shares)	-259,191	-287,754	-407,293
Cancelled (in shares)	-23,323	-16,792	-47,695
Balance at the end of the period (in shares)	395,360	540,272	662,766
Weighted-Average Grant-Date Fair Value	'	'	'
Balance at the beginning of the period (in dollars per share)	$17.93	$12.81	$10.62
Granted (in dollars per share)	$39.51	$28.39	$20.09
Released (in dollars per share)	$15.11	$12.98	$11.91
Cancelled (in dollars per share)	$23.62	$14.03	$14.31
Balance at the end of the period (in dollars per share)	$26.96	$17.93	$12.81

EMPLOYEE_BENEFIT_PLAN_Details

EMPLOYEE BENEFIT PLAN (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Retirement savings plan under Section 401(k) of the Internal Revenue Code	'	'	'
Employee contribution to retirement saving plan as a percentage of annual salary, maximum	15.00%	'	'
Matching contributions made by the entity during the period	$1,013	$894	$832
Percentage of company's matching contributions of first 3 percent of employee's compensation	100.00%	'	'
Percentage of employee's compensation that qualifies for 100 percent matching contribution by the company	3.00%	'	'
Maximum percentage of the company's matching contributions of next 2 percent of employee's compensation	50.00%	'	'
Percentage of employee's compensation that qualifies for 50 percent matching contribution by the company	2.00%	'	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income tax provision	'	'	'
Current expense, federal	$9,572	$8,240	$1,350
Current expense, state	615	612	606
Current expense, Total	10,187	8,852	1,956
Tax credit, Federal	-4,556	-5,528	-6,849
Tax credit, Total	-4,556	-5,528	-6,849
Change in deferred benefit, Federal	4,353	2,089	6,048
Change in deferred benefit, Total	4,353	2,089	6,048
Income tax expense, Federal	9,369	4,801	549
Income tax expense, State	615	612	606
Total tax expense	9,984	5,413	1,155
Reconciliation of effective income tax amount	'	'	'
Expected tax at statutory rate	67,012	46,586	'
Non-taxable REIT income	-53,519	-37,729	'
State and local tax expense (benefit) - net of federal benefit	615	612	'
Change in valuation allowance	435	1,641	'
Tax Credits (WOTC & Solar)	-4,562	-5,528	'
Miscellaneous	3	-169	'
Total tax expense	9,984	5,413	1,155
Reconciliation of the statutory income tax provisions to the effective income tax provisions	'	'	'
Expected tax at statutory rate (as a percent)	35.00%	35.00%	'
Non-taxable REIT income (as a percent)	-27.90%	-28.30%	'
State and local tax expense (benefit) - net of federal benefit (as a percent)	0.30%	0.50%	'
Change in valuation allowance (as a percent)	0.20%	1.20%	'
Tax credits (WOTC & Solar) (as a percent)	-2.40%	-4.20%	'
Miscellaneous (as a percent)	0.00%	-0.10%	'
Total provision (as a percent)	5.20%	4.10%	'
Deferred Tax Liabilities:	'	'	'
Fixed Assets	-14,557	-9,951	'
Other	-663	-340	'
Total Deferred Tax Liabilities	-15,220	-10,291	'
Deferred Tax Assets:	'	'	'
Capitive Insurance Subsidiary	400	385	'
Accrued liabilities	1,043	1,193	'
Stock compensation	1,394	1,333	'
Solar credit	8,480	10,313	'
Other	422	572	'
State Deferreds	4,570	4,135	'
Total Deferred Tax Assets	16,309	17,931	'
Valuation allowance	-4,570	-4,135	'
Net deferred income tax assets/(liabilities)	'	3,505	'
Net deferred income tax assets/(liabilities)	($3,481)	'	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)

0 Months Ended

3 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Sep. 26, 2013

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

segment

SEGMENT INFORMATION

Number of reportable segments

Balance Sheet

Investment in unconsolidated real estate ventures

$88,125

$106,313

$88,125

$106,313

Total assets

3,977,140

3,223,477

3,977,140

3,223,477

Statement of Operations

Total revenues

141,934

133,111

126,246

119,322

113,667

109,791

94,951

90,987

520,613

409,396

329,830

Operating expenses, including depreciation and amortization

84,619

77,047

72,871

72,593

70,555

66,307

57,076

58,217

307,130

252,155

214,354

Income (loss) from operations

57,315

56,064

53,375

46,729

43,112

43,484

37,875

32,770

213,483

157,241

115,476

Gain on sale of real estate assets

960

Loss on extinguishment of debt related to portfolio acquisition

9,153

-9,153

Interest expense

-71,630

-71,850

-67,301

Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes

-1,404

-444

-1,761

Interest income

749

1,816

1,027

Interest income on note receivable from Preferred Operating Partnership unit holder

4,850

Equity in earnings of unconsolidated real estate ventures

11,653

10,859

7,287

Equity in earnings of unconsolidated real estate ventures-gain on sale of real estate assets and purchase of joint venture partners interests

46,032

30,630

Income tax expense

-9,984

-5,413

-1,155

Net income (loss)

82,172

32,352

37,101

33,931

38,873

41,553

24,745

22,518

185,556

127,689

58,423

Depreciation and amortization expense

Total depreciation and amortization expense

95,232

74,453

58,014

Statement of Cash Flows

Acquisition, development and redevelopment of real estate assets

-356,425

-605,486

-202,019

Rental operations

Balance Sheet

Investment in unconsolidated real estate ventures

88,125

106,313

88,125

106,313

Total assets

3,641,746

2,996,453

3,641,746

2,996,453

Statement of Operations

Total revenues

446,682

346,874

268,725

Operating expenses, including depreciation and amortization

229,229

184,540

150,199

Income (loss) from operations

217,453

162,334

118,526

Gain on sale of real estate assets

960

Interest expense

-69,702

-70,472

-66,598

Equity in earnings of unconsolidated real estate ventures

11,653

10,859

7,287

Equity in earnings of unconsolidated real estate ventures-gain on sale of real estate assets and purchase of joint venture partners interests

46,032

30,630

Income tax expense

-149

-660

-696

Net income (loss)

206,247

132,691

58,519

Depreciation and amortization expense

Total depreciation and amortization expense

89,217

70,512

54,718

Tenant reinsurance

Balance Sheet

Total assets

34,393

27,645

34,393

27,645

Statement of Operations

Total revenues

47,317

36,816

31,181

Operating expenses, including depreciation and amortization

9,022

7,869

6,143

Income (loss) from operations

38,295

28,947

25,038

Interest income

Income tax expense

-13,409

-10,399

-8,767

Net income (loss)

24,903

18,560

16,282

Property management, acquisition and development

Balance Sheet

Total assets

301,001

199,379

301,001

199,379

Statement of Operations

Total revenues

26,614

25,706

29,924

Operating expenses, including depreciation and amortization

68,879

59,746

58,012

Income (loss) from operations

-42,265

-34,040

-28,088

Loss on extinguishment of debt related to portfolio acquisition

-9,153

Interest expense

-1,928

-1,378

-703

Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes

-1,404

-444

-1,761

Interest income

732

1,804

1,016

Interest income on note receivable from Preferred Operating Partnership unit holder

4,850

Income tax expense

3,574

5,646

8,308

Net income (loss)

-45,594

-23,562

-16,378

Depreciation and amortization expense

Total depreciation and amortization expense

6,015

3,941

3,296

Statement of Cash Flows

Acquisition, development and redevelopment of real estate assets

($356,425)

($605,486)

($202,019)

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	facility	Dec. 31, 2012	Dec. 31, 2011
COMMITMENTS AND CONTINGENCIES	'	'	'
Number of owned self-storage facilities that have leases	18	'	'
Future minimum rental payments under operating lease	'	'	'
Less than 1 year	$7,806	'	'
Year 2	5,690	'	'
Year 3	4,565	'	'
Year 4	3,274	'	'
Year 5	2,660	'	'
Thereafter	45,862	'	'
Total	69,857	'	'
Expense related to ground leases	2,983	2,830	2,799
Extra Space of Sacramento One LLC	'	'	'
Commitments and Contingencies	'	'	'
Guaranteed loan amount	4,307	'	'
Estimated Fair Value of Assets	9,290	'	'
Liability related to guarantee recorded	$0	'	'

SUPPLEMENTARY_QUARTERLY_FINANC2

SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
SUPPLEMENTARY QUARTERLY FINANCIAL DATA	'	'	'	'	'	'	'	'	'	'	'
Revenues	$141,934	$133,111	$126,246	$119,322	$113,667	$109,791	$94,951	$90,987	$520,613	$409,396	$329,830
Cost of operations	84,619	77,047	72,871	72,593	70,555	66,307	57,076	58,217	307,130	252,155	214,354
Revenue less cost of operations	57,315	56,064	53,375	46,729	43,112	43,484	37,875	32,770	213,483	157,241	115,476
Net income	82,172	32,352	37,101	33,931	38,873	41,553	24,745	22,518	185,556	127,689	58,423
Net income attributable to common stockholders	$76,940	$29,245	$34,466	$31,425	$36,076	$38,606	$22,413	$20,214	$172,076	$117,309	$50,449
Earnings per common share - basic (in dollars per share)	$0.68	$0.26	$0.31	$0.28	$0.33	$0.37	$0.22	$0.21	$1.54	$1.15	$0.55
Earnings per common share - diluted (in dollars per share)	$0.67	$0.26	$0.31	$0.28	$0.33	$0.37	$0.22	$0.21	$1.53	$1.14	$0.54

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	12 Months Ended			0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Feb. 05, 2014	Jan. 07, 2014
	property	property	Subsequent event	Subsequent event
			Texas 1 property purchased on February 5, 2014	Virginia 17 properties acquired on January 7, 2014
				property
SUBSEQUENT EVENTS	'	'	'	'
Number of properties acquired	78	91	'	17
Total Consideration Paid	$704,449	$761,648	$14,150	$199,665

Schedule_III_Real_Estate_and_A1

Schedule III Real Estate and Accumulated Depreciation (Details) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Real Estate and Accumulated Depreciation	'
Debt	$1,588,596
Land initial cost	1,000,356
Building and improvements initial cost	2,894,399
Adjustments and costs subsequent to acquisition	238,543
Gross carrying amount	'
Land	1,019,921
Building and improvements	3,113,377
Total	4,133,298
Accumulated depreciation	496,754
Intangible tenant relationships and lease rights	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	60,011
Adjustments and costs subsequent to acquisition	14,498
Gross carrying amount	'
Building and improvements	74,509
Total	74,509
Accumulated depreciation	60,330
Other corporate assets	'
Real Estate and Accumulated Depreciation	'
Debt	-3,936
Land initial cost	849
Building and improvements initial cost	2,202
Adjustments and costs subsequent to acquisition	64,023
Gross carrying amount	'
Building and improvements	67,074
Total	67,074
Accumulated depreciation	8,728
Construction in progress	'
Real Estate and Accumulated Depreciation	'
Adjustments and costs subsequent to acquisition	6,651
Gross carrying amount	'
Building and improvements	6,651
Total	6,651
8115 Auburn, AL	'
Real Estate and Accumulated Depreciation	'
Debt	2,499
Land initial cost	324
Building and improvements initial cost	1,895
Adjustments and costs subsequent to acquisition	112
Gross carrying amount	'
Land	324
Building and improvements	2,007
Total	2,331
Accumulated depreciation	197
8116 Auburn, AL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	92
Building and improvements initial cost	138
Adjustments and costs subsequent to acquisition	158
Gross carrying amount	'
Land	92
Building and improvements	296
Total	388
Accumulated depreciation	53
0751 Birmingham, AL	'
Real Estate and Accumulated Depreciation	'
Debt	4,665
Land initial cost	790
Building and improvements initial cost	9,369
Adjustments and costs subsequent to acquisition	34
Gross carrying amount	'
Land	790
Building and improvements	9,403
Total	10,193
Accumulated depreciation	352
0654 Hoover, AL	'
Real Estate and Accumulated Depreciation	'
Debt	2,712
Land initial cost	1,313
Building and improvements initial cost	2,858
Adjustments and costs subsequent to acquisition	621
Gross carrying amount	'
Land	1,313
Building and improvements	3,479
Total	4,792
Accumulated depreciation	936
1542 Chandler, AZ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	547
Building and improvements initial cost	4,213
Adjustments and costs subsequent to acquisition	3
Gross carrying amount	'
Land	547
Building and improvements	4,216
Total	4,763
Accumulated depreciation	50
0239 Mesa, AZ	'
Real Estate and Accumulated Depreciation	'
Debt	3,291
Land initial cost	1,129
Building and improvements initial cost	4,402
Adjustments and costs subsequent to acquisition	40
Gross carrying amount	'
Land	1,129
Building and improvements	4,442
Total	5,571
Accumulated depreciation	168
1499 Mesa, AZ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,973
Building and improvements initial cost	5,545
Adjustments and costs subsequent to acquisition	76
Gross carrying amount	'
Land	2,973
Building and improvements	5,621
Total	8,594
Accumulated depreciation	155
1543 Mesa, AZ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,453
Building and improvements initial cost	2,897
Adjustments and costs subsequent to acquisition	16
Gross carrying amount	'
Land	1,453
Building and improvements	2,913
Total	4,366
Accumulated depreciation	35
8066 Mesa, AZ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	849
Building and improvements initial cost	2,547
Adjustments and costs subsequent to acquisition	165
Gross carrying amount	'
Land	849
Building and improvements	2,712
Total	3,561
Accumulated depreciation	691
1211 Peoria, AZ	'
Real Estate and Accumulated Depreciation	'
Debt	4,374
Land initial cost	652
Building and improvements initial cost	4,105
Adjustments and costs subsequent to acquisition	136
Gross carrying amount	'
Land	652
Building and improvements	4,241
Total	4,893
Accumulated depreciation	843
1431 Peoria, AZ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,060
Building and improvements initial cost	4,731
Adjustments and costs subsequent to acquisition	12
Gross carrying amount	'
Land	1,060
Building and improvements	4,743
Total	5,803
Accumulated depreciation	352
0338 Phoenix, AZ	'
Real Estate and Accumulated Depreciation	'
Debt	7,053
Land initial cost	1,441
Building and improvements initial cost	7,982
Adjustments and costs subsequent to acquisition	562
Gross carrying amount	'
Land	1,441
Building and improvements	8,544
Total	9,985
Accumulated depreciation	2,071
0659 Phoenix, AZ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	669
Building and improvements initial cost	4,135
Adjustments and costs subsequent to acquisition	248
Gross carrying amount	'
Land	669
Building and improvements	4,383
Total	5,052
Accumulated depreciation	858
0822 Phoenix, AZ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,257
Building and improvements initial cost	7,820
Adjustments and costs subsequent to acquisition	42
Gross carrying amount	'
Land	2,257
Building and improvements	7,862
Total	10,119
Accumulated depreciation	227
1356 Phoenix, AZ	'
Real Estate and Accumulated Depreciation	'
Debt	3,361
Land initial cost	552
Building and improvements initial cost	3,530
Adjustments and costs subsequent to acquisition	230
Gross carrying amount	'
Land	552
Building and improvements	3,760
Total	4,312
Accumulated depreciation	815
0814 Tucson, AZ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,090
Building and improvements initial cost	7,845
Adjustments and costs subsequent to acquisition	22
Gross carrying amount	'
Land	1,090
Building and improvements	7,867
Total	8,957
Accumulated depreciation	228
1370 Alameda, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,919
Building and improvements initial cost	12,984
Adjustments and costs subsequent to acquisition	2,027
Gross carrying amount	'
Land	2,919
Building and improvements	15,011
Total	17,930
Accumulated depreciation	3,062
1522 Alhambra, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	10,109
Building and improvements initial cost	6,065
Adjustments and costs subsequent to acquisition	2
Gross carrying amount	'
Land	10,109
Building and improvements	6,067
Total	16,176
Accumulated depreciation	45
1523 Anaheim, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,593
Building and improvements initial cost	3,330
Adjustments and costs subsequent to acquisition	10
Gross carrying amount	'
Land	3,593
Building and improvements	3,340
Total	6,933
Accumulated depreciation	25
1524 Anaheim, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,519
Building and improvements initial cost	2,886
Adjustments and costs subsequent to acquisition	8
Gross carrying amount	'
Land	2,519
Building and improvements	2,894
Total	5,413
Accumulated depreciation	22
1232 Antelope, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,525
Building and improvements initial cost	8,345
Adjustments and costs subsequent to acquisition	-299
Gross carrying amount	'
Land	1,185
Building and improvements	8,386
Total	9,571
Accumulated depreciation	1,136
1471 Bellflower, CA	'
Real Estate and Accumulated Depreciation	'
Debt	1,264
Land initial cost	640
Building and improvements initial cost	1,350
Adjustments and costs subsequent to acquisition	35
Gross carrying amount	'
Land	640
Building and improvements	1,385
Total	2,025
Accumulated depreciation	82
1222 Belmont, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,500
Building and improvements initial cost	7,280
Adjustments and costs subsequent to acquisition	52
Gross carrying amount	'
Land	3,500
Building and improvements	7,332
Total	10,832
Accumulated depreciation	1,208
1371 Berkeley, CA	'
Real Estate and Accumulated Depreciation	'
Debt	19,782
Land initial cost	1,716
Building and improvements initial cost	19,602
Adjustments and costs subsequent to acquisition	1,843
Gross carrying amount	'
Land	1,716
Building and improvements	21,445
Total	23,161
Accumulated depreciation	3,882
1472 Bloomington, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	934
Building and improvements initial cost	1,937
Adjustments and costs subsequent to acquisition	156
Gross carrying amount	'
Land	934
Building and improvements	2,093
Total	3,027
Accumulated depreciation	149
1473 Bloomington, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	647
Building and improvements initial cost	1,303
Adjustments and costs subsequent to acquisition	130
Gross carrying amount	'
Land	647
Building and improvements	1,433
Total	2,080
Accumulated depreciation	93
1071 Burbank, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,199
Building and improvements initial cost	5,082
Adjustments and costs subsequent to acquisition	1,751
Gross carrying amount	'
Land	3,618
Building and improvements	6,414
Total	10,032
Accumulated depreciation	2,266
1525 Burbank, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	4,061
Building and improvements initial cost	5,318
Adjustments and costs subsequent to acquisition	2
Gross carrying amount	'
Land	4,061
Building and improvements	5,320
Total	9,381
Accumulated depreciation	40
1461 Burlingame, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,441
Land initial cost	2,211
Building and improvements initial cost	5,829
Adjustments and costs subsequent to acquisition	114
Gross carrying amount	'
Land	2,211
Building and improvements	5,943
Total	8,154
Accumulated depreciation	423
1256 Carson, CA	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	9,709
Adjustments and costs subsequent to acquisition	74
Gross carrying amount	'
Building and improvements	9,783
Total	9,783
Accumulated depreciation	702
1372 Castro Valley, CA	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	6,346
Adjustments and costs subsequent to acquisition	384
Gross carrying amount	'
Building and improvements	6,730
Total	6,730
Accumulated depreciation	1,147
1474 Cerritos, CA	'
Real Estate and Accumulated Depreciation	'
Debt	17,173
Land initial cost	8,728
Building and improvements initial cost	15,895
Adjustments and costs subsequent to acquisition	565
Gross carrying amount	'
Land	8,728
Building and improvements	16,460
Total	25,188
Accumulated depreciation	953
0224 Chatsworth, CA	'
Real Estate and Accumulated Depreciation	'
Debt	10,675
Land initial cost	5,853
Building and improvements initial cost	11,286
Adjustments and costs subsequent to acquisition	382
Gross carrying amount	'
Land	9,921
Building and improvements	7,600
Total	17,521
Accumulated depreciation	869
1004 Claremont, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,472
Building and improvements initial cost	2,012
Adjustments and costs subsequent to acquisition	231
Gross carrying amount	'
Land	1,472
Building and improvements	2,243
Total	3,715
Accumulated depreciation	618
1475 Claremont, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,375
Building and improvements initial cost	1,434
Adjustments and costs subsequent to acquisition	168
Gross carrying amount	'
Land	1,375
Building and improvements	1,602
Total	2,977
Accumulated depreciation	93
1373 Colma, CA	'
Real Estate and Accumulated Depreciation	'
Debt	23,332
Land initial cost	3,947
Building and improvements initial cost	22,002
Adjustments and costs subsequent to acquisition	2,242
Gross carrying amount	'
Land	3,947
Building and improvements	24,244
Total	28,191
Accumulated depreciation	4,561
1255 Compton, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,426
Building and improvements initial cost	7,582
Adjustments and costs subsequent to acquisition	42
Gross carrying amount	'
Land	1,426
Building and improvements	7,624
Total	9,050
Accumulated depreciation	1,042
1526 Concord, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,082
Building and improvements initial cost	2,822
Adjustments and costs subsequent to acquisition	7
Gross carrying amount	'
Land	3,082
Building and improvements	2,829
Total	5,911
Accumulated depreciation	21
1404 El Cajon, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,100
Building and improvements initial cost	6,380
Adjustments and costs subsequent to acquisition	46
Gross carrying amount	'
Land	1,100
Building and improvements	6,426
Total	7,526
Accumulated depreciation	692
1378 El Sobrante, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,209
Building and improvements initial cost	4,018
Adjustments and costs subsequent to acquisition	1,280
Gross carrying amount	'
Land	1,209
Building and improvements	5,298
Total	6,507
Accumulated depreciation	1,154
0683 Elk Grove, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	894
Building and improvements initial cost	6,949
Gross carrying amount	'
Land	894
Building and improvements	6,949
Total	7,843
Accumulated depreciation	7
0696 Elk Grove, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	640
Building and improvements initial cost	8,640
Gross carrying amount	'
Land	640
Building and improvements	8,640
Total	9,280
Accumulated depreciation	9
1166 Elk Grove, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,936
Land initial cost	952
Building and improvements initial cost	6,936
Adjustments and costs subsequent to acquisition	441
Gross carrying amount	'
Land	1,075
Building and improvements	7,254
Total	8,329
Accumulated depreciation	611
0765 Fair Oaks, CA	'
Real Estate and Accumulated Depreciation	'
Debt	4,337
Land initial cost	644
Building and improvements initial cost	11,287
Gross carrying amount	'
Land	644
Building and improvements	11,287
Total	11,931
Accumulated depreciation	12
1121 Fontana, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,418
Land initial cost	1,246
Building and improvements initial cost	3,356
Adjustments and costs subsequent to acquisition	477
Gross carrying amount	'
Land	1,300
Building and improvements	3,779
Total	5,079
Accumulated depreciation	1,037
1157 Fontana, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,280
Land initial cost	961
Building and improvements initial cost	3,846
Adjustments and costs subsequent to acquisition	428
Gross carrying amount	'
Land	1,000
Building and improvements	4,235
Total	5,235
Accumulated depreciation	1,296
1476 Fontana, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	768
Building and improvements initial cost	4,208
Adjustments and costs subsequent to acquisition	117
Gross carrying amount	'
Land	768
Building and improvements	4,325
Total	5,093
Accumulated depreciation	254
1477 Fontana, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	778
Building and improvements initial cost	4,723
Adjustments and costs subsequent to acquisition	119
Gross carrying amount	'
Land	778
Building and improvements	4,842
Total	5,620
Accumulated depreciation	291
1478 Fontana, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,997
Land initial cost	684
Building and improvements initial cost	3,951
Adjustments and costs subsequent to acquisition	97
Gross carrying amount	'
Land	684
Building and improvements	4,048
Total	4,732
Accumulated depreciation	241
1031 Glendale, CA	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	6,084
Adjustments and costs subsequent to acquisition	254
Gross carrying amount	'
Building and improvements	6,338
Total	6,338
Accumulated depreciation	1,644
0305 Hawaiian Gardens, CA	'
Real Estate and Accumulated Depreciation	'
Debt	9,468
Land initial cost	2,964
Building and improvements initial cost	12,478
Adjustments and costs subsequent to acquisition	95
Gross carrying amount	'
Land	2,964
Building and improvements	12,573
Total	15,537
Accumulated depreciation	487
1030 Hawthorne, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,858
Land initial cost	1,532
Building and improvements initial cost	3,871
Adjustments and costs subsequent to acquisition	236
Gross carrying amount	'
Land	1,532
Building and improvements	4,107
Total	5,639
Accumulated depreciation	1,093
1374 Hayward, CA	'
Real Estate and Accumulated Depreciation	'
Debt	8,585
Land initial cost	3,149
Building and improvements initial cost	8,006
Adjustments and costs subsequent to acquisition	2,359
Gross carrying amount	'
Land	3,149
Building and improvements	10,365
Total	13,514
Accumulated depreciation	2,194
0177 Hemet, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,051
Land initial cost	1,146
Building and improvements initial cost	6,369
Adjustments and costs subsequent to acquisition	272
Gross carrying amount	'
Land	1,146
Building and improvements	6,641
Total	7,787
Accumulated depreciation	1,546
1479 Hesperia, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	156
Building and improvements initial cost	430
Adjustments and costs subsequent to acquisition	105
Gross carrying amount	'
Land	156
Building and improvements	535
Total	691
Accumulated depreciation	47
1070 Inglewood, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,530
Land initial cost	1,379
Building and improvements initial cost	3,343
Adjustments and costs subsequent to acquisition	961
Gross carrying amount	'
Land	1,529
Building and improvements	4,154
Total	5,683
Accumulated depreciation	1,557
1480 Irvine, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,056
Land initial cost	3,821
Building and improvements initial cost	3,999
Adjustments and costs subsequent to acquisition	59
Gross carrying amount	'
Land	3,821
Building and improvements	4,058
Total	7,879
Accumulated depreciation	240
1481 Lake Elsinore, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,310
Land initial cost	587
Building and improvements initial cost	4,219
Adjustments and costs subsequent to acquisition	179
Gross carrying amount	'
Land	587
Building and improvements	4,398
Total	4,985
Accumulated depreciation	252
1482 Lake Elsinore, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	294
Building and improvements initial cost	2,105
Adjustments and costs subsequent to acquisition	80
Gross carrying amount	'
Land	294
Building and improvements	2,185
Total	2,479
Accumulated depreciation	129
1278 Lancaster, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,425
Building and improvements initial cost	5,855
Adjustments and costs subsequent to acquisition	79
Gross carrying amount	'
Land	1,425
Building and improvements	5,934
Total	7,359
Accumulated depreciation	619
1358 Lancaster, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,706
Land initial cost	1,347
Building and improvements initial cost	5,827
Adjustments and costs subsequent to acquisition	234
Gross carrying amount	'
Land	1,347
Building and improvements	6,061
Total	7,408
Accumulated depreciation	1,278
1013 Livermore, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,134
Building and improvements initial cost	4,615
Adjustments and costs subsequent to acquisition	227
Gross carrying amount	'
Land	1,134
Building and improvements	4,842
Total	5,976
Accumulated depreciation	1,233
1483 Long Beach, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,733
Land initial cost	1,772
Building and improvements initial cost	2,539
Adjustments and costs subsequent to acquisition	103
Gross carrying amount	'
Land	1,772
Building and improvements	2,642
Total	4,414
Accumulated depreciation	160
0354 Long Beach, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,909
Land initial cost	2,205
Building and improvements initial cost	8,356
Adjustments and costs subsequent to acquisition	290
Gross carrying amount	'
Land	5,859
Building and improvements	4,992
Total	10,851
Accumulated depreciation	627
0352 Los Angeles, CA	'
Real Estate and Accumulated Depreciation	'
Debt	10,345
Land initial cost	4,555
Building and improvements initial cost	10,590
Adjustments and costs subsequent to acquisition	33
Gross carrying amount	'
Land	4,555
Building and improvements	10,623
Total	15,178
Accumulated depreciation	400
0353 Los Angeles, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,276
Land initial cost	3,099
Building and improvements initial cost	4,889
Adjustments and costs subsequent to acquisition	35
Gross carrying amount	'
Land	3,099
Building and improvements	4,924
Total	8,023
Accumulated depreciation	188
1057 Los Angeles, CA	'
Real Estate and Accumulated Depreciation	'
Debt	9,014
Land initial cost	1,431
Building and improvements initial cost	2,976
Adjustments and costs subsequent to acquisition	743
Gross carrying amount	'
Land	1,611
Building and improvements	3,539
Total	5,150
Accumulated depreciation	1,263
1160 Los Angeles, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,991
Building and improvements initial cost	9,774
Adjustments and costs subsequent to acquisition	55
Gross carrying amount	'
Land	3,991
Building and improvements	9,829
Total	13,820
Accumulated depreciation	1,531
1235 Los Angeles, CA	'
Real Estate and Accumulated Depreciation	'
Debt	4,862
Land initial cost	2,200
Building and improvements initial cost	8,108
Adjustments and costs subsequent to acquisition	47
Gross carrying amount	'
Land	2,200
Building and improvements	8,155
Total	10,355
Accumulated depreciation	1,117
1563 Los Angeles, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	287
Building and improvements initial cost	2,011
Gross carrying amount	'
Land	287
Building and improvements	2,011
Total	2,298
Accumulated depreciation	2
1296 Los Gatos, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,550
Building and improvements initial cost	8,257
Adjustments and costs subsequent to acquisition	52
Gross carrying amount	'
Land	2,550
Building and improvements	8,309
Total	10,859
Accumulated depreciation	402
8055 Manteca, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,673
Land initial cost	848
Building and improvements initial cost	2,543
Adjustments and costs subsequent to acquisition	146
Gross carrying amount	'
Land	848
Building and improvements	2,689
Total	3,537
Accumulated depreciation	717
0107 Marina del Rey, CA	'
Real Estate and Accumulated Depreciation	'
Debt	17,537
Land initial cost	14,875
Building and improvements initial cost	22,464
Adjustments and costs subsequent to acquisition	1,332
Gross carrying amount	'
Land	19,928
Building and improvements	18,743
Total	38,671
Accumulated depreciation	1,588
1527 Menlo Park, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	7,675
Building and improvements initial cost	1,812
Adjustments and costs subsequent to acquisition	3
Gross carrying amount	'
Land	7,675
Building and improvements	1,815
Total	9,490
Accumulated depreciation	14
1383 Modesto, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,231
Land initial cost	909
Building and improvements initial cost	3,043
Adjustments and costs subsequent to acquisition	269
Gross carrying amount	'
Land	909
Building and improvements	3,312
Total	4,221
Accumulated depreciation	651
1528 Modesto, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,647
Building and improvements initial cost	4,215
Adjustments and costs subsequent to acquisition	8
Gross carrying amount	'
Land	1,647
Building and improvements	4,223
Total	5,870
Accumulated depreciation	32
0231 Moreno Valley, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,121
Land initial cost	482
Building and improvements initial cost	3,484
Adjustments and costs subsequent to acquisition	21
Gross carrying amount	'
Land	482
Building and improvements	3,505
Total	3,987
Accumulated depreciation	132
0484 North Highlands, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,097
Land initial cost	1,020
Building and improvements initial cost	2,516
Adjustments and costs subsequent to acquisition	75
Gross carrying amount	'
Land	798
Building and improvements	2,813
Total	3,611
Accumulated depreciation	288
1122 North Hollywood, CA	'
Real Estate and Accumulated Depreciation	'
Debt	7,069
Land initial cost	3,125
Building and improvements initial cost	9,257
Adjustments and costs subsequent to acquisition	138
Gross carrying amount	'
Land	3,125
Building and improvements	9,395
Total	12,520
Accumulated depreciation	1,861
1529 North Hollywood, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	4,501
Building and improvements initial cost	4,465
Adjustments and costs subsequent to acquisition	2
Gross carrying amount	'
Land	4,501
Building and improvements	4,467
Total	8,968
Accumulated depreciation	33
1530 Northridge, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,641
Building and improvements initial cost	2,872
Adjustments and costs subsequent to acquisition	3
Gross carrying amount	'
Land	3,641
Building and improvements	2,875
Total	6,516
Accumulated depreciation	22
1053 Oakland, CA	'
Real Estate and Accumulated Depreciation	'
Debt	4,271
Building and improvements initial cost	3,777
Adjustments and costs subsequent to acquisition	990
Gross carrying amount	'
Building and improvements	4,767
Total	4,767
Accumulated depreciation	1,764
1267 Oakland, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,024
Building and improvements initial cost	11,321
Adjustments and costs subsequent to acquisition	160
Gross carrying amount	'
Land	3,024
Building and improvements	11,481
Total	14,505
Accumulated depreciation	1,059
1531 Oakland, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	6,359
Building and improvements initial cost	5,753
Adjustments and costs subsequent to acquisition	5
Gross carrying amount	'
Land	6,359
Building and improvements	5,758
Total	12,117
Accumulated depreciation	43
1566 Oakland, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,668
Building and improvements initial cost	7,652
Gross carrying amount	'
Land	1,668
Building and improvements	7,652
Total	9,320
Accumulated depreciation	8
0645 Oceanside, CA	'
Real Estate and Accumulated Depreciation	'
Debt	9,245
Land initial cost	3,241
Building and improvements initial cost	11,361
Adjustments and costs subsequent to acquisition	722
Gross carrying amount	'
Land	3,241
Building and improvements	12,083
Total	15,324
Accumulated depreciation	2,889
0825 Orange, CA	'
Real Estate and Accumulated Depreciation	'
Debt	12,660
Land initial cost	4,847
Building and improvements initial cost	12,341
Adjustments and costs subsequent to acquisition	140
Gross carrying amount	'
Land	4,847
Building and improvements	12,481
Total	17,328
Accumulated depreciation	360
0695 Oxnard, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	5,421
Building and improvements initial cost	6,761
Gross carrying amount	'
Land	5,421
Building and improvements	6,761
Total	12,182
Accumulated depreciation	7
1254 Pacoima, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,257
Land initial cost	3,050
Building and improvements initial cost	7,597
Adjustments and costs subsequent to acquisition	81
Gross carrying amount	'
Land	3,050
Building and improvements	7,678
Total	10,728
Accumulated depreciation	852
1111 Palmdale, CA	'
Real Estate and Accumulated Depreciation	'
Debt	4,885
Land initial cost	1,225
Building and improvements initial cost	5,379
Adjustments and costs subsequent to acquisition	2,197
Gross carrying amount	'
Land	1,225
Building and improvements	7,576
Total	8,801
Accumulated depreciation	1,724
1484 Paramount, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,630
Land initial cost	1,404
Building and improvements initial cost	2,549
Adjustments and costs subsequent to acquisition	121
Gross carrying amount	'
Land	1,404
Building and improvements	2,670
Total	4,074
Accumulated depreciation	163
1020 Pico Rivera, CA	'
Real Estate and Accumulated Depreciation	'
Debt	4,150
Land initial cost	1,150
Building and improvements initial cost	3,450
Adjustments and costs subsequent to acquisition	161
Gross carrying amount	'
Land	1,150
Building and improvements	3,611
Total	4,761
Accumulated depreciation	1,160
1485 Placentia, CA	'
Real Estate and Accumulated Depreciation	'
Debt	6,832
Land initial cost	4,798
Building and improvements initial cost	5,483
Adjustments and costs subsequent to acquisition	165
Gross carrying amount	'
Land	4,798
Building and improvements	5,648
Total	10,446
Accumulated depreciation	331
1382 Pleasanton, CA	'
Real Estate and Accumulated Depreciation	'
Debt	7,127
Land initial cost	1,208
Building and improvements initial cost	4,283
Adjustments and costs subsequent to acquisition	418
Gross carrying amount	'
Land	1,208
Building and improvements	4,701
Total	5,909
Accumulated depreciation	1,001
1029 Richmond, CA	'
Real Estate and Accumulated Depreciation	'
Debt	4,944
Land initial cost	953
Building and improvements initial cost	4,635
Adjustments and costs subsequent to acquisition	607
Gross carrying amount	'
Land	953
Building and improvements	5,242
Total	6,195
Accumulated depreciation	1,409
1532 Richmond, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,139
Building and improvements initial cost	7,437
Adjustments and costs subsequent to acquisition	6
Gross carrying amount	'
Land	3,139
Building and improvements	7,443
Total	10,582
Accumulated depreciation	56
8016 Riverside, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,075
Building and improvements initial cost	4,042
Adjustments and costs subsequent to acquisition	515
Gross carrying amount	'
Land	1,075
Building and improvements	4,557
Total	5,632
Accumulated depreciation	1,226
0684 Rocklin, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,745
Building and improvements initial cost	8,005
Gross carrying amount	'
Land	1,745
Building and improvements	8,005
Total	9,750
Accumulated depreciation	9
1555 Rohnert Park, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	990
Building and improvements initial cost	8,094
Adjustments and costs subsequent to acquisition	4
Gross carrying amount	'
Land	990
Building and improvements	8,098
Total	9,088
Accumulated depreciation	26
0328 Sacramento, CA	'
Real Estate and Accumulated Depreciation	'
Debt	4,003
Land initial cost	852
Building and improvements initial cost	4,720
Adjustments and costs subsequent to acquisition	463
Gross carrying amount	'
Land	852
Building and improvements	5,183
Total	6,035
Accumulated depreciation	1,281
1273 Sacramento, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,082
Land initial cost	1,738
Building and improvements initial cost	5,522
Adjustments and costs subsequent to acquisition	107
Gross carrying amount	'
Land	1,844
Building and improvements	5,523
Total	7,367
Accumulated depreciation	469
1433 Sacramento, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,400
Building and improvements initial cost	7,425
Adjustments and costs subsequent to acquisition	74
Gross carrying amount	'
Land	2,400
Building and improvements	7,499
Total	9,899
Accumulated depreciation	830
1007 San Bernardino, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,213
Building and improvements initial cost	3,061
Adjustments and costs subsequent to acquisition	109
Gross carrying amount	'
Land	1,173
Building and improvements	3,210
Total	4,383
Accumulated depreciation	843
1194 San Bernardino, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	750
Building and improvements initial cost	5,135
Adjustments and costs subsequent to acquisition	69
Gross carrying amount	'
Land	750
Building and improvements	5,204
Total	5,954
Accumulated depreciation	969
1533 San Diego, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	5,919
Building and improvements initial cost	6,729
Adjustments and costs subsequent to acquisition	6
Gross carrying amount	'
Land	5,919
Building and improvements	6,735
Total	12,654
Accumulated depreciation	50
1486 San Dimas, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,466
Land initial cost	1,867
Building and improvements initial cost	6,354
Adjustments and costs subsequent to acquisition	132
Gross carrying amount	'
Land	1,867
Building and improvements	6,486
Total	8,353
Accumulated depreciation	376
1368 San Francisco, CA	'
Real Estate and Accumulated Depreciation	'
Debt	12,498
Land initial cost	8,457
Building and improvements initial cost	9,928
Adjustments and costs subsequent to acquisition	1,767
Gross carrying amount	'
Land	8,457
Building and improvements	11,695
Total	20,152
Accumulated depreciation	2,368
1534 San Francisco, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	5,098
Building and improvements initial cost	4,054
Adjustments and costs subsequent to acquisition	7
Gross carrying amount	'
Land	5,098
Building and improvements	4,061
Total	9,159
Accumulated depreciation	30
1491 San Jose, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,514
Land initial cost	2,428
Building and improvements initial cost	2,323
Adjustments and costs subsequent to acquisition	97
Gross carrying amount	'
Land	2,428
Building and improvements	2,420
Total	4,848
Accumulated depreciation	96
8145 San Jose, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	5,340
Building and improvements initial cost	6,821
Adjustments and costs subsequent to acquisition	197
Gross carrying amount	'
Land	5,340
Building and improvements	7,018
Total	12,358
Accumulated depreciation	753
1257 San Leandro, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,343
Building and improvements initial cost	6,630
Adjustments and costs subsequent to acquisition	-85
Gross carrying amount	'
Land	3,291
Building and improvements	6,597
Total	9,888
Accumulated depreciation	548
1377 San Leandro, CA	'
Real Estate and Accumulated Depreciation	'
Debt	14,812
Land initial cost	4,601
Building and improvements initial cost	9,777
Adjustments and costs subsequent to acquisition	1,933
Gross carrying amount	'
Land	4,601
Building and improvements	11,710
Total	16,311
Accumulated depreciation	2,429
1535 San Ramon, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	4,819
Building and improvements initial cost	5,819
Adjustments and costs subsequent to acquisition	2
Gross carrying amount	'
Land	4,819
Building and improvements	5,821
Total	10,640
Accumulated depreciation	44
1536 Santa Ana, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,485
Building and improvements initial cost	2,382
Adjustments and costs subsequent to acquisition	6
Gross carrying amount	'
Land	3,485
Building and improvements	2,388
Total	5,873
Accumulated depreciation	18
1261 Santa Clara, CA	'
Real Estate and Accumulated Depreciation	'
Debt	8,249
Land initial cost	4,750
Building and improvements initial cost	8,218
Adjustments and costs subsequent to acquisition	31
Gross carrying amount	'
Land	4,750
Building and improvements	8,249
Total	12,999
Accumulated depreciation	915
0721 Santa Cruz, CA	'
Real Estate and Accumulated Depreciation	'
Debt	8,828
Land initial cost	1,588
Building and improvements initial cost	11,160
Adjustments and costs subsequent to acquisition	18
Gross carrying amount	'
Land	1,588
Building and improvements	11,178
Total	12,766
Accumulated depreciation	419
1384 Santa Fe Springs, CA	'
Real Estate and Accumulated Depreciation	'
Debt	6,590
Land initial cost	3,617
Building and improvements initial cost	7,022
Adjustments and costs subsequent to acquisition	285
Gross carrying amount	'
Land	3,617
Building and improvements	7,307
Total	10,924
Accumulated depreciation	1,300
1487 Santa Maria, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,980
Land initial cost	1,556
Building and improvements initial cost	2,740
Adjustments and costs subsequent to acquisition	208
Gross carrying amount	'
Land	1,556
Building and improvements	2,948
Total	4,504
Accumulated depreciation	177
1488 Santa Maria, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,228
Land initial cost	1,310
Building and improvements initial cost	3,526
Adjustments and costs subsequent to acquisition	59
Gross carrying amount	'
Land	1,310
Building and improvements	3,585
Total	4,895
Accumulated depreciation	209
8008 Sherman Oaks, CA	'
Real Estate and Accumulated Depreciation	'
Debt	16,732
Land initial cost	4,051
Building and improvements initial cost	12,152
Adjustments and costs subsequent to acquisition	308
Gross carrying amount	'
Land	4,051
Building and improvements	12,460
Total	16,511
Accumulated depreciation	3,056
1275 Simi Valley, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	5,533
Adjustments and costs subsequent to acquisition	-3,308
Gross carrying amount	'
Land	2,225
Total	2,225
1537 Stanton, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	5,022
Building and improvements initial cost	2,267
Adjustments and costs subsequent to acquisition	5
Gross carrying amount	'
Land	5,022
Building and improvements	2,272
Total	7,294
Accumulated depreciation	17
1095 Stockton, CA	'
Real Estate and Accumulated Depreciation	'
Debt	2,506
Land initial cost	649
Building and improvements initial cost	3,272
Adjustments and costs subsequent to acquisition	172
Gross carrying amount	'
Land	649
Building and improvements	3,444
Total	4,093
Accumulated depreciation	1,066
1564 Stockton, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,619
Building and improvements initial cost	2,443
Gross carrying amount	'
Land	3,619
Building and improvements	2,443
Total	6,062
Accumulated depreciation	3
1538 Sunnyvale, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	10,732
Building and improvements initial cost	5,004
Adjustments and costs subsequent to acquisition	3
Gross carrying amount	'
Land	10,732
Building and improvements	5,007
Total	15,739
Accumulated depreciation	37
1425 Sylmar, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,058
Building and improvements initial cost	4,671
Adjustments and costs subsequent to acquisition	249
Gross carrying amount	'
Land	3,058
Building and improvements	4,920
Total	7,978
Accumulated depreciation	834
1253 Thousand Oaks, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	4,500
Adjustments and costs subsequent to acquisition	-1,000
Gross carrying amount	'
Land	3,500
Total	3,500
1009 Torrance, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,710
Building and improvements initial cost	6,271
Adjustments and costs subsequent to acquisition	956
Gross carrying amount	'
Land	4,110
Building and improvements	6,827
Total	10,937
Accumulated depreciation	1,788
1112 Tracy, CA	'
Real Estate and Accumulated Depreciation	'
Debt	5,159
Land initial cost	778
Building and improvements initial cost	2,638
Adjustments and costs subsequent to acquisition	808
Gross carrying amount	'
Land	911
Building and improvements	3,313
Total	4,224
Accumulated depreciation	935
1174 Tracy, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,168
Land initial cost	946
Building and improvements initial cost	1,937
Adjustments and costs subsequent to acquisition	253
Gross carrying amount	'
Land	946
Building and improvements	2,190
Total	3,136
Accumulated depreciation	666
1379 Vallejo, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,017
Land initial cost	1,177
Building and improvements initial cost	2,157
Adjustments and costs subsequent to acquisition	965
Gross carrying amount	'
Land	1,177
Building and improvements	3,122
Total	4,299
Accumulated depreciation	781
1539 Van Nuys, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	7,939
Building and improvements initial cost	2,576
Adjustments and costs subsequent to acquisition	6
Gross carrying amount	'
Land	7,939
Building and improvements	2,582
Total	10,521
Accumulated depreciation	19
8011 Venice, CA	'
Real Estate and Accumulated Depreciation	'
Debt	14,658
Land initial cost	2,803
Building and improvements initial cost	8,410
Adjustments and costs subsequent to acquisition	193
Gross carrying amount	'
Land	2,803
Building and improvements	8,603
Total	11,406
Accumulated depreciation	2,106
1540 Ventura, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,453
Building and improvements initial cost	2,837
Adjustments and costs subsequent to acquisition	2
Gross carrying amount	'
Land	3,453
Building and improvements	2,839
Total	6,292
Accumulated depreciation	21
1489 Victorville, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	151
Building and improvements initial cost	751
Adjustments and costs subsequent to acquisition	138
Gross carrying amount	'
Land	151
Building and improvements	889
Total	1,040
Accumulated depreciation	58
0144 Watsonville, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,241
Land initial cost	1,699
Building and improvements initial cost	3,056
Adjustments and costs subsequent to acquisition	216
Gross carrying amount	'
Land	1,699
Building and improvements	3,272
Total	4,971
Accumulated depreciation	795
1083 Whittier, CA	'
Real Estate and Accumulated Depreciation	'
Debt	3,400
Building and improvements initial cost	2,985
Adjustments and costs subsequent to acquisition	170
Gross carrying amount	'
Building and improvements	3,155
Total	3,155
Accumulated depreciation	970
1541 Wilmington, CA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	6,792
Building and improvements initial cost	10,726
Adjustments and costs subsequent to acquisition	3
Gross carrying amount	'
Land	6,792
Building and improvements	10,729
Total	17,521
Accumulated depreciation	80
1073 Arvada, CO	'
Real Estate and Accumulated Depreciation	'
Debt	1,861
Land initial cost	286
Building and improvements initial cost	1,521
Adjustments and costs subsequent to acquisition	671
Gross carrying amount	'
Land	286
Building and improvements	2,192
Total	2,478
Accumulated depreciation	918
1458 Castle Rock, CO	'
Real Estate and Accumulated Depreciation	'
Debt	1,151
Land initial cost	407
Building and improvements initial cost	3,077
Adjustments and costs subsequent to acquisition	164
Gross carrying amount	'
Land	407
Building and improvements	3,241
Total	3,648
Accumulated depreciation	230
0665 Colorado Springs, CO	'
Real Estate and Accumulated Depreciation	'
Debt	3,919
Land initial cost	781
Building and improvements initial cost	3,400
Adjustments and costs subsequent to acquisition	230
Gross carrying amount	'
Land	781
Building and improvements	3,630
Total	4,411
Accumulated depreciation	679
0744 Colorado Springs, CO	'
Real Estate and Accumulated Depreciation	'
Debt	4,368
Land initial cost	1,525
Building and improvements initial cost	4,310
Adjustments and costs subsequent to acquisition	241
Gross carrying amount	'
Land	1,525
Building and improvements	4,551
Total	6,076
Accumulated depreciation	665
1459 Colorado Springs, CO	'
Real Estate and Accumulated Depreciation	'
Debt	1,782
Land initial cost	296
Building and improvements initial cost	4,199
Adjustments and costs subsequent to acquisition	198
Gross carrying amount	'
Land	296
Building and improvements	4,397
Total	4,693
Accumulated depreciation	314
1460 Colorado Springs, CO	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	6,945
Adjustments and costs subsequent to acquisition	79
Gross carrying amount	'
Building and improvements	7,024
Total	7,024
Accumulated depreciation	264
0679 Denver, CO	'
Real Estate and Accumulated Depreciation	'
Debt	3,777
Land initial cost	368
Building and improvements initial cost	1,574
Adjustments and costs subsequent to acquisition	228
Gross carrying amount	'
Land	368
Building and improvements	1,802
Total	2,170
Accumulated depreciation	474
1074 Denver, CO	'
Real Estate and Accumulated Depreciation	'
Debt	2,635
Land initial cost	602
Building and improvements initial cost	2,052
Adjustments and costs subsequent to acquisition	1,299
Gross carrying amount	'
Land	745
Building and improvements	3,208
Total	3,953
Accumulated depreciation	1,173
1359 Parker, CO	'
Real Estate and Accumulated Depreciation	'
Debt	5,108
Land initial cost	800
Building and improvements initial cost	4,549
Adjustments and costs subsequent to acquisition	758
Gross carrying amount	'
Land	800
Building and improvements	5,307
Total	6,107
Accumulated depreciation	1,150
1075 Thornton, CO	'
Real Estate and Accumulated Depreciation	'
Debt	2,886
Land initial cost	212
Building and improvements initial cost	2,044
Adjustments and costs subsequent to acquisition	1,100
Gross carrying amount	'
Land	248
Building and improvements	3,108
Total	3,356
Accumulated depreciation	1,195
1076 Westminster, CO	'
Real Estate and Accumulated Depreciation	'
Debt	2,177
Land initial cost	291
Building and improvements initial cost	1,586
Adjustments and costs subsequent to acquisition	1,021
Gross carrying amount	'
Land	299
Building and improvements	2,599
Total	2,898
Accumulated depreciation	1,122
0568 Brookfield, CT	'
Real Estate and Accumulated Depreciation	'
Debt	5,187
Land initial cost	991
Building and improvements initial cost	7,891
Adjustments and costs subsequent to acquisition	106
Gross carrying amount	'
Land	991
Building and improvements	7,997
Total	8,988
Accumulated depreciation	305
1079 Groton, CT	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,277
Building and improvements initial cost	3,992
Adjustments and costs subsequent to acquisition	435
Gross carrying amount	'
Land	1,277
Building and improvements	4,427
Total	5,704
Accumulated depreciation	1,310
1192 Middletown, CT	'
Real Estate and Accumulated Depreciation	'
Debt	2,853
Land initial cost	932
Building and improvements initial cost	2,810
Adjustments and costs subsequent to acquisition	183
Gross carrying amount	'
Land	932
Building and improvements	2,993
Total	3,925
Accumulated depreciation	486
1553 Newington, CT	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,363
Building and improvements initial cost	2,978
Adjustments and costs subsequent to acquisition	1
Gross carrying amount	'
Land	1,363
Building and improvements	2,979
Total	4,342
Accumulated depreciation	10
1097 Wethersfield, CT	'
Real Estate and Accumulated Depreciation	'
Debt	4,133
Land initial cost	709
Building and improvements initial cost	4,205
Adjustments and costs subsequent to acquisition	219
Gross carrying amount	'
Land	709
Building and improvements	4,424
Total	5,133
Accumulated depreciation	1,328
1492 Auburndale, FL	'
Real Estate and Accumulated Depreciation	'
Debt	1,297
Land initial cost	470
Building and improvements initial cost	1,076
Adjustments and costs subsequent to acquisition	139
Gross carrying amount	'
Land	470
Building and improvements	1,215
Total	1,685
Accumulated depreciation	57
0831 Brandon, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,327
Building and improvements initial cost	5,656
Adjustments and costs subsequent to acquisition	126
Gross carrying amount	'
Land	1,327
Building and improvements	5,782
Total	7,109
Accumulated depreciation	168
1392 Coral Springs, FL	'
Real Estate and Accumulated Depreciation	'
Debt	6,461
Land initial cost	3,638
Building and improvements initial cost	6,590
Adjustments and costs subsequent to acquisition	254
Gross carrying amount	'
Land	3,638
Building and improvements	6,844
Total	10,482
Accumulated depreciation	1,076
0752 Deland, FL	'
Real Estate and Accumulated Depreciation	'
Debt	2,823
Land initial cost	1,318
Building and improvements initial cost	3,971
Adjustments and costs subsequent to acquisition	263
Gross carrying amount	'
Land	1,318
Building and improvements	4,234
Total	5,552
Accumulated depreciation	909
1402 Estero, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,198
Building and improvements initial cost	8,215
Adjustments and costs subsequent to acquisition	59
Gross carrying amount	'
Land	2,198
Building and improvements	8,274
Total	10,472
Accumulated depreciation	911
0819 Fort Lauderdale, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,576
Building and improvements initial cost	5,397
Adjustments and costs subsequent to acquisition	192
Gross carrying amount	'
Land	1,576
Building and improvements	5,589
Total	7,165
Accumulated depreciation	160
0101 Fort Myers, FL	'
Real Estate and Accumulated Depreciation	'
Debt	4,194
Land initial cost	1,985
Building and improvements initial cost	4,983
Adjustments and costs subsequent to acquisition	429
Gross carrying amount	'
Land	1,985
Building and improvements	5,412
Total	7,397
Accumulated depreciation	1,346
1308 Fort Myers, FL	'
Real Estate and Accumulated Depreciation	'
Debt	2,830
Land initial cost	1,691
Building and improvements initial cost	4,711
Adjustments and costs subsequent to acquisition	279
Gross carrying amount	'
Land	1,691
Building and improvements	4,990
Total	6,681
Accumulated depreciation	1,294
1310 Ft Lauderdale, FL	'
Real Estate and Accumulated Depreciation	'
Debt	2,542
Land initial cost	1,587
Building and improvements initial cost	4,205
Adjustments and costs subsequent to acquisition	315
Gross carrying amount	'
Land	1,587
Building and improvements	4,520
Total	6,107
Accumulated depreciation	1,202
1427 Ft Lauderdale, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,750
Building and improvements initial cost	7,002
Adjustments and costs subsequent to acquisition	527
Gross carrying amount	'
Land	2,750
Building and improvements	7,529
Total	10,279
Accumulated depreciation	543
1337 Greenacres, FL	'
Real Estate and Accumulated Depreciation	'
Debt	2,615
Land initial cost	1,463
Building and improvements initial cost	3,244
Adjustments and costs subsequent to acquisition	122
Gross carrying amount	'
Land	1,463
Building and improvements	3,366
Total	4,829
Accumulated depreciation	813
1266 Hialeah, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,800
Building and improvements initial cost	7,588
Adjustments and costs subsequent to acquisition	96
Gross carrying amount	'
Land	2,800
Building and improvements	7,684
Total	10,484
Accumulated depreciation	1,067
1403 Hialeah, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,678
Building and improvements initial cost	6,807
Adjustments and costs subsequent to acquisition	36
Gross carrying amount	'
Land	1,678
Building and improvements	6,843
Total	8,521
Accumulated depreciation	580
1409 Hialeah, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,750
Building and improvements initial cost	7,150
Adjustments and costs subsequent to acquisition	74
Gross carrying amount	'
Land	1,750
Building and improvements	7,224
Total	8,974
Accumulated depreciation	739
0763 Hollywood, FL	'
Real Estate and Accumulated Depreciation	'
Debt	6,858
Land initial cost	3,214
Building and improvements initial cost	8,689
Adjustments and costs subsequent to acquisition	313
Gross carrying amount	'
Land	3,214
Building and improvements	9,002
Total	12,216
Accumulated depreciation	1,502
1424 Kendall, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,375
Building and improvements initial cost	5,543
Adjustments and costs subsequent to acquisition	70
Gross carrying amount	'
Land	2,375
Building and improvements	5,613
Total	7,988
Accumulated depreciation	368
1493 Lakeland, FL	'
Real Estate and Accumulated Depreciation	'
Debt	3,926
Land initial cost	593
Building and improvements initial cost	4,701
Adjustments and costs subsequent to acquisition	150
Gross carrying amount	'
Land	593
Building and improvements	4,851
Total	5,444
Accumulated depreciation	223
1494 Lakeland, FL	'
Real Estate and Accumulated Depreciation	'
Debt	5,640
Land initial cost	871
Building and improvements initial cost	6,905
Adjustments and costs subsequent to acquisition	208
Gross carrying amount	'
Land	871
Building and improvements	7,113
Total	7,984
Accumulated depreciation	310
8298 Land O Lakes, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	798
Building and improvements initial cost	4,490
Adjustments and costs subsequent to acquisition	-57
Gross carrying amount	'
Land	798
Building and improvements	4,433
Total	5,231
Accumulated depreciation	118
1314 Madeira Beach, FL	'
Real Estate and Accumulated Depreciation	'
Debt	3,915
Land initial cost	1,686
Building and improvements initial cost	5,163
Adjustments and costs subsequent to acquisition	244
Gross carrying amount	'
Land	1,686
Building and improvements	5,407
Total	7,093
Accumulated depreciation	1,364
1068 Margate, FL	'
Real Estate and Accumulated Depreciation	'
Debt	3,421
Land initial cost	430
Building and improvements initial cost	3,139
Adjustments and costs subsequent to acquisition	704
Gross carrying amount	'
Land	469
Building and improvements	3,804
Total	4,273
Accumulated depreciation	1,358
0207 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Debt	5,814
Land initial cost	4,867
Building and improvements initial cost	7,126
Adjustments and costs subsequent to acquisition	382
Gross carrying amount	'
Land	5,042
Building and improvements	7,333
Total	12,375
Accumulated depreciation	572
0208 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Debt	5,793
Land initial cost	1,979
Building and improvements initial cost	6,513
Adjustments and costs subsequent to acquisition	113
Gross carrying amount	'
Land	1,979
Building and improvements	6,626
Total	8,605
Accumulated depreciation	253
0254 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Debt	8,121
Land initial cost	3,257
Building and improvements initial cost	9,713
Adjustments and costs subsequent to acquisition	102
Gross carrying amount	'
Land	3,257
Building and improvements	9,815
Total	13,072
Accumulated depreciation	374
1066 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Debt	3,126
Land initial cost	1,325
Building and improvements initial cost	4,395
Adjustments and costs subsequent to acquisition	946
Gross carrying amount	'
Land	1,439
Building and improvements	5,227
Total	6,666
Accumulated depreciation	1,881
1067 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Debt	8,056
Land initial cost	5,315
Building and improvements initial cost	4,305
Adjustments and costs subsequent to acquisition	1,383
Gross carrying amount	'
Land	5,859
Building and improvements	5,144
Total	11,003
Accumulated depreciation	1,786
1385 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Debt	4,561
Land initial cost	1,238
Building and improvements initial cost	7,597
Adjustments and costs subsequent to acquisition	290
Gross carrying amount	'
Land	1,238
Building and improvements	7,887
Total	9,125
Accumulated depreciation	1,448
1466 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	521
Building and improvements initial cost	5,198
Adjustments and costs subsequent to acquisition	123
Gross carrying amount	'
Land	521
Building and improvements	5,321
Total	5,842
Accumulated depreciation	324
8133 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,305
Building and improvements initial cost	11,997
Gross carrying amount	'
Land	3,305
Building and improvements	11,997
Total	15,302
Accumulated depreciation	38
1429 Miami, FL	'
Real Estate and Accumulated Depreciation	'
Debt	6,853
Land initial cost	4,798
Building and improvements initial cost	9,475
Adjustments and costs subsequent to acquisition	118
Gross carrying amount	'
Land	4,798
Building and improvements	9,593
Total	14,391
Accumulated depreciation	995
0149 Naples, FL	'
Real Estate and Accumulated Depreciation	'
Debt	5,147
Land initial cost	2,226
Building and improvements initial cost	4,655
Adjustments and costs subsequent to acquisition	-4
Gross carrying amount	'
Land	1,990
Building and improvements	4,887
Total	6,877
Accumulated depreciation	332
8144 Naranja, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	603
Building and improvements initial cost	11,223
Gross carrying amount	'
Land	603
Building and improvements	11,223
Total	11,826
Accumulated depreciation	36
8297 North Fort Myers, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	799
Building and improvements initial cost	2,372
Adjustments and costs subsequent to acquisition	-3,171
1064 North Lauderdale, FL	'
Real Estate and Accumulated Depreciation	'
Debt	4,186
Land initial cost	428
Building and improvements initial cost	3,516
Adjustments and costs subsequent to acquisition	1,004
Gross carrying amount	'
Land	459
Building and improvements	4,489
Total	4,948
Accumulated depreciation	1,722
1060 North Miami, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,256
Building and improvements initial cost	6,535
Adjustments and costs subsequent to acquisition	567
Gross carrying amount	'
Land	1,256
Building and improvements	7,102
Total	8,358
Accumulated depreciation	1,903
1335 Ocoee, FL	'
Real Estate and Accumulated Depreciation	'
Debt	3,113
Land initial cost	872
Building and improvements initial cost	3,642
Adjustments and costs subsequent to acquisition	209
Gross carrying amount	'
Land	872
Building and improvements	3,851
Total	4,723
Accumulated depreciation	977
1317 Orlando, FL	'
Real Estate and Accumulated Depreciation	'
Debt	4,339
Land initial cost	1,216
Building and improvements initial cost	5,008
Adjustments and costs subsequent to acquisition	351
Gross carrying amount	'
Land	1,216
Building and improvements	5,359
Total	6,575
Accumulated depreciation	1,389
1333 Orlando, FL	'
Real Estate and Accumulated Depreciation	'
Debt	4,106
Land initial cost	2,233
Building and improvements initial cost	9,223
Adjustments and costs subsequent to acquisition	371
Gross carrying amount	'
Land	2,233
Building and improvements	9,594
Total	11,827
Accumulated depreciation	2,337
1334 Orlando, FL	'
Real Estate and Accumulated Depreciation	'
Debt	5,811
Land initial cost	1,474
Building and improvements initial cost	6,101
Adjustments and costs subsequent to acquisition	271
Gross carrying amount	'
Land	1,474
Building and improvements	6,372
Total	7,846
Accumulated depreciation	1,530
1336 Orlando, FL	'
Real Estate and Accumulated Depreciation	'
Debt	4,062
Land initial cost	1,166
Building and improvements initial cost	4,816
Adjustments and costs subsequent to acquisition	1,248
Gross carrying amount	'
Land	1,166
Building and improvements	6,064
Total	7,230
Accumulated depreciation	1,374
8136 Orlando, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	625
Building and improvements initial cost	2,133
Adjustments and costs subsequent to acquisition	73
Gross carrying amount	'
Land	625
Building and improvements	2,206
Total	2,831
Accumulated depreciation	216
1560 Palm Springs, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,108
Building and improvements initial cost	8,028
Adjustments and costs subsequent to acquisition	1
Gross carrying amount	'
Land	2,108
Building and improvements	8,029
Total	10,137
Accumulated depreciation	26
1432 Plantation, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,850
Adjustments and costs subsequent to acquisition	-1,504
Gross carrying amount	'
Land	2,346
Total	2,346
1318 Port Charlotte, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,389
Building and improvements initial cost	4,632
Adjustments and costs subsequent to acquisition	211
Gross carrying amount	'
Land	1,389
Building and improvements	4,843
Total	6,232
Accumulated depreciation	1,222
1319 Riverview, FL	'
Real Estate and Accumulated Depreciation	'
Debt	2,398
Land initial cost	654
Building and improvements initial cost	2,953
Adjustments and costs subsequent to acquisition	262
Gross carrying amount	'
Land	654
Building and improvements	3,215
Total	3,869
Accumulated depreciation	840
0812 Sarasota, FL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	4,666
Building and improvements initial cost	9,016
Adjustments and costs subsequent to acquisition	208
Gross carrying amount	'
Land	4,666
Building and improvements	9,224
Total	13,890
Accumulated depreciation	265
8187 Seminole, FL	'
Real Estate and Accumulated Depreciation	'
Debt	2,620
Land initial cost	1,133
Building and improvements initial cost	3,017
Adjustments and costs subsequent to acquisition	144
Gross carrying amount	'
Land	1,133
Building and improvements	3,161
Total	4,294
Accumulated depreciation	84
8137 St Petersburg, FL	'
Real Estate and Accumulated Depreciation	'
Debt	2,531
Land initial cost	805
Building and improvements initial cost	3,345
Adjustments and costs subsequent to acquisition	32
Gross carrying amount	'
Land	805
Building and improvements	3,377
Total	4,182
Accumulated depreciation	91
0545 Tampa, FL	'
Real Estate and Accumulated Depreciation	'
Debt	4,003
Land initial cost	1,425
Building and improvements initial cost	4,766
Adjustments and costs subsequent to acquisition	310
Gross carrying amount	'
Land	1,425
Building and improvements	5,076
Total	6,501
Accumulated depreciation	1,012
1366 Tampa, FL	'
Real Estate and Accumulated Depreciation	'
Debt	3,679
Land initial cost	883
Building and improvements initial cost	3,533
Adjustments and costs subsequent to acquisition	146
Gross carrying amount	'
Land	883
Building and improvements	3,679
Total	4,562
Accumulated depreciation	725
1324 Valrico, FL	'
Real Estate and Accumulated Depreciation	'
Debt	4,590
Land initial cost	1,197
Building and improvements initial cost	4,411
Adjustments and costs subsequent to acquisition	229
Gross carrying amount	'
Land	1,197
Building and improvements	4,640
Total	5,837
Accumulated depreciation	1,198
0692 Venice, FL	'
Real Estate and Accumulated Depreciation	'
Debt	6,901
Land initial cost	1,969
Building and improvements initial cost	5,903
Adjustments and costs subsequent to acquisition	316
Gross carrying amount	'
Land	1,969
Building and improvements	6,219
Total	8,188
Accumulated depreciation	1,378
0976 West Palm Beach, FL	'
Real Estate and Accumulated Depreciation	'
Debt	3,812
Land initial cost	1,752
Building and improvements initial cost	4,909
Adjustments and costs subsequent to acquisition	408
Gross carrying amount	'
Land	1,752
Building and improvements	5,317
Total	7,069
Accumulated depreciation	1,368
1065 West Palm Beach, FL	'
Real Estate and Accumulated Depreciation	'
Debt	1,484
Land initial cost	1,164
Building and improvements initial cost	2,511
Adjustments and costs subsequent to acquisition	717
Gross carrying amount	'
Land	1,246
Building and improvements	3,146
Total	4,392
Accumulated depreciation	1,135
1069 West Palm Beach, FL	'
Real Estate and Accumulated Depreciation	'
Debt	1,709
Land initial cost	1,312
Building and improvements initial cost	2,511
Adjustments and costs subsequent to acquisition	851
Gross carrying amount	'
Land	1,416
Building and improvements	3,258
Total	4,674
Accumulated depreciation	1,232
1186 West Palm Beach, FL	'
Real Estate and Accumulated Depreciation	'
Debt	3,458
Land initial cost	1,729
Building and improvements initial cost	4,058
Adjustments and costs subsequent to acquisition	77
Gross carrying amount	'
Land	1,729
Building and improvements	4,135
Total	5,864
Accumulated depreciation	221
0515 West Palm Beach, FL	'
Real Estate and Accumulated Depreciation	'
Debt	2,478
Land initial cost	1,550
Building and improvements initial cost	2,894
Adjustments and costs subsequent to acquisition	-11
Gross carrying amount	'
Land	1,595
Building and improvements	2,838
Total	4,433
Accumulated depreciation	236
0693 Alpharetta, GA	'
Real Estate and Accumulated Depreciation	'
Debt	2,589
Land initial cost	1,893
Building and improvements initial cost	3,161
Adjustments and costs subsequent to acquisition	153
Gross carrying amount	'
Land	1,893
Building and improvements	3,314
Total	5,207
Accumulated depreciation	692
0815 Atlanta, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,718
Building and improvements initial cost	6,388
Adjustments and costs subsequent to acquisition	61
Gross carrying amount	'
Land	1,718
Building and improvements	6,449
Total	8,167
Accumulated depreciation	186
1304 Atlanta, GA	'
Real Estate and Accumulated Depreciation	'
Debt	7,943
Land initial cost	3,737
Building and improvements initial cost	8,333
Adjustments and costs subsequent to acquisition	395
Gross carrying amount	'
Land	3,737
Building and improvements	8,728
Total	12,465
Accumulated depreciation	2,240
1320 Atlanta, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,665
Building and improvements initial cost	2,028
Adjustments and costs subsequent to acquisition	199
Gross carrying amount	'
Land	1,665
Building and improvements	2,227
Total	3,892
Accumulated depreciation	619
1338 Atlanta, GA	'
Real Estate and Accumulated Depreciation	'
Debt	6,569
Land initial cost	3,319
Building and improvements initial cost	8,325
Adjustments and costs subsequent to acquisition	499
Gross carrying amount	'
Land	3,319
Building and improvements	8,824
Total	12,143
Accumulated depreciation	2,179
1544 Augusta, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	710
Building and improvements initial cost	2,299
Adjustments and costs subsequent to acquisition	3
Gross carrying amount	'
Land	710
Building and improvements	2,302
Total	3,012
Accumulated depreciation	7
0699 Dacula, GA	'
Real Estate and Accumulated Depreciation	'
Debt	3,773
Land initial cost	1,993
Building and improvements initial cost	3,001
Adjustments and costs subsequent to acquisition	127
Gross carrying amount	'
Land	1,993
Building and improvements	3,128
Total	5,121
Accumulated depreciation	673
8163 Douglasville, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,209
Building and improvements initial cost	719
Adjustments and costs subsequent to acquisition	310
Gross carrying amount	'
Land	1,209
Building and improvements	1,029
Total	2,238
Accumulated depreciation	122
0753 Duluth, GA	'
Real Estate and Accumulated Depreciation	'
Debt	3,522
Land initial cost	1,454
Building and improvements initial cost	4,151
Adjustments and costs subsequent to acquisition	129
Gross carrying amount	'
Land	1,454
Building and improvements	4,280
Total	5,734
Accumulated depreciation	754
8162 Kennesaw, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	673
Building and improvements initial cost	1,151
Adjustments and costs subsequent to acquisition	127
Gross carrying amount	'
Land	673
Building and improvements	1,278
Total	1,951
Accumulated depreciation	135
1552 Lawrenceville, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,117
Building and improvements initial cost	2,784
Adjustments and costs subsequent to acquisition	3
Gross carrying amount	'
Land	2,117
Building and improvements	2,787
Total	4,904
Accumulated depreciation	9
8134 Lithonia, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,958
Building and improvements initial cost	3,645
Adjustments and costs subsequent to acquisition	86
Gross carrying amount	'
Land	1,958
Building and improvements	3,731
Total	5,689
Accumulated depreciation	410
8161 Marietta, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	887
Building and improvements initial cost	2,617
Adjustments and costs subsequent to acquisition	213
Gross carrying amount	'
Land	887
Building and improvements	2,830
Total	3,717
Accumulated depreciation	285
1321 Snellville, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,691
Building and improvements initial cost	4,026
Adjustments and costs subsequent to acquisition	280
Gross carrying amount	'
Land	2,691
Building and improvements	4,306
Total	6,997
Accumulated depreciation	1,120
0417 Stone Mountain, GA	'
Real Estate and Accumulated Depreciation	'
Debt	2,629
Land initial cost	925
Building and improvements initial cost	3,505
Adjustments and costs subsequent to acquisition	305
Gross carrying amount	'
Land	925
Building and improvements	3,810
Total	4,735
Accumulated depreciation	912
1322 Stone Mountain, GA	'
Real Estate and Accumulated Depreciation	'
Debt	2,870
Land initial cost	1,817
Building and improvements initial cost	4,382
Adjustments and costs subsequent to acquisition	293
Gross carrying amount	'
Land	1,817
Building and improvements	4,675
Total	6,492
Accumulated depreciation	1,189
0745 Sugar Hill, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,368
Building and improvements initial cost	2,540
Adjustments and costs subsequent to acquisition	190
Gross carrying amount	'
Land	1,368
Building and improvements	2,730
Total	4,098
Accumulated depreciation	511
0754 Sugar Hill, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,371
Building and improvements initial cost	2,547
Adjustments and costs subsequent to acquisition	184
Gross carrying amount	'
Land	1,371
Building and improvements	2,731
Total	4,102
Accumulated depreciation	512
1599 Tucker, GA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,773
Building and improvements initial cost	10,456
Adjustments and costs subsequent to acquisition	2
Gross carrying amount	'
Land	1,773
Building and improvements	10,458
Total	12,231
Accumulated depreciation	56
1313 Alpharetta, GL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,973
Building and improvements initial cost	1,587
Adjustments and costs subsequent to acquisition	248
Gross carrying amount	'
Land	1,973
Building and improvements	1,835
Total	3,808
Accumulated depreciation	494
1521 Honolulu, HI	'
Real Estate and Accumulated Depreciation	'
Land initial cost	4,674
Building and improvements initial cost	18,350
Adjustments and costs subsequent to acquisition	12
Gross carrying amount	'
Land	4,674
Building and improvements	18,362
Total	23,036
Accumulated depreciation	295
1375 Kahului, HI	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,984
Building and improvements initial cost	15,044
Adjustments and costs subsequent to acquisition	656
Gross carrying amount	'
Land	3,984
Building and improvements	15,700
Total	19,684
Accumulated depreciation	2,861
1376 Kapolei, HI	'
Real Estate and Accumulated Depreciation	'
Debt	9,700
Building and improvements initial cost	24,701
Adjustments and costs subsequent to acquisition	430
Gross carrying amount	'
Building and improvements	25,131
Total	25,131
Accumulated depreciation	4,351
1567 Kapolei, HI	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	7,776
Gross carrying amount	'
Building and improvements	7,776
Total	7,776
Accumulated depreciation	8
1520 Wahiawa, HI	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,317
Building and improvements initial cost	2,626
Adjustments and costs subsequent to acquisition	15
Gross carrying amount	'
Land	1,317
Building and improvements	2,641
Total	3,958
Accumulated depreciation	43
8129 Bedford Park, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	922
Building and improvements initial cost	3,289
Adjustments and costs subsequent to acquisition	8
Gross carrying amount	'
Land	922
Building and improvements	3,297
Total	4,219
Accumulated depreciation	11
0728 Chicago, IL	'
Real Estate and Accumulated Depreciation	'
Debt	3,050
Land initial cost	449
Building and improvements initial cost	2,471
Adjustments and costs subsequent to acquisition	744
Gross carrying amount	'
Land	449
Building and improvements	3,215
Total	3,664
Accumulated depreciation	875
0729 Chicago, IL	'
Real Estate and Accumulated Depreciation	'
Debt	2,764
Land initial cost	472
Building and improvements initial cost	2,582
Adjustments and costs subsequent to acquisition	720
Gross carrying amount	'
Land	472
Building and improvements	3,302
Total	3,774
Accumulated depreciation	932
0731 Chicago, IL	'
Real Estate and Accumulated Depreciation	'
Debt	4,194
Land initial cost	621
Building and improvements initial cost	3,428
Adjustments and costs subsequent to acquisition	904
Gross carrying amount	'
Land	621
Building and improvements	4,332
Total	4,953
Accumulated depreciation	1,229
1226 Chicago, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,925
Gross carrying amount	'
Land	1,925
Total	1,925
1229 Chicago, IL	'
Real Estate and Accumulated Depreciation	'
Debt	8,642
Land initial cost	1,318
Building and improvements initial cost	9,485
Adjustments and costs subsequent to acquisition	35
Gross carrying amount	'
Land	1,318
Building and improvements	9,520
Total	10,838
Accumulated depreciation	214
8130 Chicago, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,363
Building and improvements initial cost	5,850
Gross carrying amount	'
Land	1,363
Building and improvements	5,850
Total	7,213
Accumulated depreciation	19
8131 Chicago, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,143
Building and improvements initial cost	6,138
Adjustments and costs subsequent to acquisition	4
Gross carrying amount	'
Land	1,143
Building and improvements	6,142
Total	7,285
Accumulated depreciation	20
8259 Chicago, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,881
Building and improvements initial cost	6,324
Gross carrying amount	'
Land	2,881
Building and improvements	6,324
Total	9,205
Accumulated depreciation	20
1108 Crest Hill, IL	'
Real Estate and Accumulated Depreciation	'
Debt	2,412
Land initial cost	847
Building and improvements initial cost	2,946
Adjustments and costs subsequent to acquisition	810
Gross carrying amount	'
Land	968
Building and improvements	3,635
Total	4,603
Accumulated depreciation	1,010
1171 Gurnee, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,374
Building and improvements initial cost	8,296
Adjustments and costs subsequent to acquisition	118
Gross carrying amount	'
Land	1,374
Building and improvements	8,414
Total	9,788
Accumulated depreciation	1,355
1178 Highland Park, IL	'
Real Estate and Accumulated Depreciation	'
Debt	7,232
Land initial cost	5,798
Building and improvements initial cost	6,016
Adjustments and costs subsequent to acquisition	74
Gross carrying amount	'
Land	5,798
Building and improvements	6,090
Total	11,888
Accumulated depreciation	331
8132 Lincolnshire, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,438
Building and improvements initial cost	5,128
Gross carrying amount	'
Land	1,438
Building and improvements	5,128
Total	6,566
Accumulated depreciation	16
1173 Naperville, IL	'
Real Estate and Accumulated Depreciation	'
Debt	4,934
Land initial cost	1,860
Building and improvements initial cost	5,793
Adjustments and costs subsequent to acquisition	79
Gross carrying amount	'
Land	1,860
Building and improvements	5,872
Total	7,732
Accumulated depreciation	315
1259 Naperville, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,800
Building and improvements initial cost	7,355
Adjustments and costs subsequent to acquisition	-731
Gross carrying amount	'
Land	1,950
Building and improvements	7,474
Total	9,424
Accumulated depreciation	982
1242 North Aurora, IL	'
Real Estate and Accumulated Depreciation	'
Debt	2,485
Land initial cost	600
Building and improvements initial cost	5,833
Adjustments and costs subsequent to acquisition	121
Gross carrying amount	'
Land	600
Building and improvements	5,954
Total	6,554
Accumulated depreciation	875
0730 Skokie, IL	'
Real Estate and Accumulated Depreciation	'
Debt	4,131
Land initial cost	1,119
Building and improvements initial cost	7,502
Adjustments and costs subsequent to acquisition	194
Gross carrying amount	'
Land	1,119
Building and improvements	7,696
Total	8,815
Accumulated depreciation	292
1104 South Holland, IL	'
Real Estate and Accumulated Depreciation	'
Debt	2,543
Land initial cost	839
Building and improvements initial cost	2,879
Adjustments and costs subsequent to acquisition	336
Gross carrying amount	'
Land	865
Building and improvements	3,189
Total	4,054
Accumulated depreciation	972
1263 Tinley Park, IL	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,823
Building and improvements initial cost	4,794
Adjustments and costs subsequent to acquisition	-191
Gross carrying amount	'
Land	1,548
Building and improvements	4,878
Total	6,426
Accumulated depreciation	668
1393 Carmel, IN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,169
Building and improvements initial cost	4,393
Adjustments and costs subsequent to acquisition	238
Gross carrying amount	'
Land	1,169
Building and improvements	4,631
Total	5,800
Accumulated depreciation	716
1514 Connersville, IN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	472
Building and improvements initial cost	315
Adjustments and costs subsequent to acquisition	106
Gross carrying amount	'
Land	472
Building and improvements	421
Total	893
Accumulated depreciation	38
1394 Fort Wayne, IN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,899
Building and improvements initial cost	3,292
Adjustments and costs subsequent to acquisition	277
Gross carrying amount	'
Land	1,899
Building and improvements	3,569
Total	5,468
Accumulated depreciation	578
0652 Indianapolis, IN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	588
Building and improvements initial cost	3,457
Adjustments and costs subsequent to acquisition	284
Gross carrying amount	'
Land	588
Building and improvements	3,741
Total	4,329
Accumulated depreciation	725
0827 Indianapolis, IN	'
Real Estate and Accumulated Depreciation	'
Debt	1,107
Land initial cost	646
Building and improvements initial cost	1,294
Adjustments and costs subsequent to acquisition	154
Gross carrying amount	'
Land	646
Building and improvements	1,448
Total	2,094
Accumulated depreciation	45
1395 Indianapolis, IN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	426
Building and improvements initial cost	2,903
Adjustments and costs subsequent to acquisition	308
Gross carrying amount	'
Land	426
Building and improvements	3,211
Total	3,637
Accumulated depreciation	538
1396 Indianapolis, IN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	850
Building and improvements initial cost	4,545
Adjustments and costs subsequent to acquisition	356
Gross carrying amount	'
Land	850
Building and improvements	4,901
Total	5,751
Accumulated depreciation	783
1397 Mishawaka, IN	'
Real Estate and Accumulated Depreciation	'
Debt	2,648
Land initial cost	630
Building and improvements initial cost	3,349
Adjustments and costs subsequent to acquisition	247
Gross carrying amount	'
Land	630
Building and improvements	3,596
Total	4,226
Accumulated depreciation	578
1513 Richmond, IN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	723
Building and improvements initial cost	482
Adjustments and costs subsequent to acquisition	415
Gross carrying amount	'
Land	723
Building and improvements	897
Total	1,620
Accumulated depreciation	61
0586 Wichita, KS	'
Real Estate and Accumulated Depreciation	'
Debt	2,105
Land initial cost	366
Building and improvements initial cost	1,897
Adjustments and costs subsequent to acquisition	371
Gross carrying amount	'
Land	366
Building and improvements	2,268
Total	2,634
Accumulated depreciation	582
1515 Covington, KY	'
Real Estate and Accumulated Depreciation	'
Debt	2,033
Land initial cost	839
Building and improvements initial cost	2,543
Adjustments and costs subsequent to acquisition	104
Gross carrying amount	'
Land	839
Building and improvements	2,647
Total	3,486
Accumulated depreciation	190
0343 Louisville, KY	'
Real Estate and Accumulated Depreciation	'
Debt	2,859
Land initial cost	586
Building and improvements initial cost	3,244
Adjustments and costs subsequent to acquisition	384
Gross carrying amount	'
Land	586
Building and improvements	3,628
Total	4,214
Accumulated depreciation	905
0648 Louisville, KY	'
Real Estate and Accumulated Depreciation	'
Debt	4,664
Land initial cost	1,217
Building and improvements initial cost	4,611
Adjustments and costs subsequent to acquisition	185
Gross carrying amount	'
Land	1,217
Building and improvements	4,796
Total	6,013
Accumulated depreciation	1,143
0668 Louisville, KY	'
Real Estate and Accumulated Depreciation	'
Debt	4,816
Land initial cost	892
Building and improvements initial cost	2,677
Adjustments and costs subsequent to acquisition	186
Gross carrying amount	'
Land	892
Building and improvements	2,863
Total	3,755
Accumulated depreciation	638
1315 Metairie, LA	'
Real Estate and Accumulated Depreciation	'
Debt	3,848
Land initial cost	2,056
Building and improvements initial cost	4,216
Adjustments and costs subsequent to acquisition	173
Gross carrying amount	'
Land	2,056
Building and improvements	4,389
Total	6,445
Accumulated depreciation	1,110
1316 New Orleans, LA	'
Real Estate and Accumulated Depreciation	'
Debt	5,441
Land initial cost	4,058
Building and improvements initial cost	4,325
Adjustments and costs subsequent to acquisition	626
Gross carrying amount	'
Land	4,058
Building and improvements	4,951
Total	9,009
Accumulated depreciation	1,331
1028 Ashland, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	474
Building and improvements initial cost	3,324
Adjustments and costs subsequent to acquisition	345
Gross carrying amount	'
Land	474
Building and improvements	3,669
Total	4,143
Accumulated depreciation	1,255
1010 Auburn, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	918
Building and improvements initial cost	3,728
Adjustments and costs subsequent to acquisition	262
Gross carrying amount	'
Land	918
Building and improvements	3,990
Total	4,908
Accumulated depreciation	1,421
1546 Billerica, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,023
Building and improvements initial cost	6,697
Gross carrying amount	'
Land	3,023
Building and improvements	6,697
Total	9,720
Accumulated depreciation	21
1025 Brockton, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	647
Building and improvements initial cost	2,762
Adjustments and costs subsequent to acquisition	165
Gross carrying amount	'
Land	647
Building and improvements	2,927
Total	3,574
Accumulated depreciation	967
1547 Brockton, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	829
Building and improvements initial cost	6,195
Gross carrying amount	'
Land	829
Building and improvements	6,195
Total	7,024
Accumulated depreciation	20
8074 Danvers, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,115
Building and improvements initial cost	5,736
Adjustments and costs subsequent to acquisition	65
Gross carrying amount	'
Land	3,115
Building and improvements	5,801
Total	8,916
Accumulated depreciation	167
1056 Dedham, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,127
Building and improvements initial cost	3,041
Adjustments and costs subsequent to acquisition	562
Gross carrying amount	'
Land	2,127
Building and improvements	3,603
Total	5,730
Accumulated depreciation	1,311
1205 Dedham, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,443
Building and improvements initial cost	7,328
Adjustments and costs subsequent to acquisition	1,356
Gross carrying amount	'
Land	2,443
Building and improvements	8,684
Total	11,127
Accumulated depreciation	2,384
1208 East Somerville, MA	'
Real Estate and Accumulated Depreciation	'
Adjustments and costs subsequent to acquisition	167
Gross carrying amount	'
Building and improvements	167
Total	167
Accumulated depreciation	107
0675 Everett, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	692
Building and improvements initial cost	2,129
Adjustments and costs subsequent to acquisition	773
Gross carrying amount	'
Land	692
Building and improvements	2,902
Total	3,594
Accumulated depreciation	821
1001 Foxboro, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	759
Building and improvements initial cost	4,158
Adjustments and costs subsequent to acquisition	559
Gross carrying amount	'
Land	759
Building and improvements	4,717
Total	5,476
Accumulated depreciation	1,917
0734 Framingham, MA	'
Real Estate and Accumulated Depreciation	'
Adjustments and costs subsequent to acquisition	20
Gross carrying amount	'
Building and improvements	20
Total	20
Accumulated depreciation	3
1002 Hudson, MA	'
Real Estate and Accumulated Depreciation	'
Debt	3,368
Land initial cost	806
Building and improvements initial cost	3,122
Adjustments and costs subsequent to acquisition	361
Gross carrying amount	'
Land	806
Building and improvements	3,483
Total	4,289
Accumulated depreciation	1,365
1098 Jamaica Plain, MA	'
Real Estate and Accumulated Depreciation	'
Debt	9,685
Land initial cost	3,285
Building and improvements initial cost	11,275
Adjustments and costs subsequent to acquisition	580
Gross carrying amount	'
Land	3,285
Building and improvements	11,855
Total	15,140
Accumulated depreciation	1,835
1084 Kingston, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	555
Building and improvements initial cost	2,491
Adjustments and costs subsequent to acquisition	171
Gross carrying amount	'
Land	555
Building and improvements	2,662
Total	3,217
Accumulated depreciation	950
7002 Lynn, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,703
Building and improvements initial cost	3,237
Adjustments and costs subsequent to acquisition	375
Gross carrying amount	'
Land	1,703
Building and improvements	3,612
Total	5,315
Accumulated depreciation	1,248
1035 Marshfield, MA	'
Real Estate and Accumulated Depreciation	'
Debt	4,667
Land initial cost	1,039
Building and improvements initial cost	4,155
Adjustments and costs subsequent to acquisition	243
Gross carrying amount	'
Land	1,026
Building and improvements	4,411
Total	5,437
Accumulated depreciation	1,156
1099 Milton, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,838
Building and improvements initial cost	3,979
Adjustments and costs subsequent to acquisition	6,606
Gross carrying amount	'
Land	2,838
Building and improvements	10,585
Total	13,423
Accumulated depreciation	2,167
1554 North Andover, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	773
Building and improvements initial cost	4,120
Gross carrying amount	'
Land	773
Building and improvements	4,120
Total	4,893
Accumulated depreciation	13
1011 North Oxford, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	482
Building and improvements initial cost	1,762
Adjustments and costs subsequent to acquisition	462
Gross carrying amount	'
Land	528
Building and improvements	2,178
Total	2,706
Accumulated depreciation	855
1022 Northborough, MA	'
Real Estate and Accumulated Depreciation	'
Debt	4,599
Land initial cost	280
Building and improvements initial cost	2,715
Adjustments and costs subsequent to acquisition	512
Gross carrying amount	'
Land	280
Building and improvements	3,227
Total	3,507
Accumulated depreciation	1,237
1019 Norwood, MA	'
Real Estate and Accumulated Depreciation	'
Debt	6,729
Land initial cost	2,160
Building and improvements initial cost	2,336
Adjustments and costs subsequent to acquisition	1,704
Gross carrying amount	'
Land	2,221
Building and improvements	3,979
Total	6,200
Accumulated depreciation	1,304
0519 Plainville, MA	'
Real Estate and Accumulated Depreciation	'
Debt	5,064
Land initial cost	2,223
Building and improvements initial cost	4,430
Adjustments and costs subsequent to acquisition	403
Gross carrying amount	'
Land	2,223
Building and improvements	4,833
Total	7,056
Accumulated depreciation	1,420
1204 Quincy, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,359
Building and improvements initial cost	4,078
Adjustments and costs subsequent to acquisition	250
Gross carrying amount	'
Land	1,359
Building and improvements	4,328
Total	5,687
Accumulated depreciation	1,212
1023 Raynham, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	588
Building and improvements initial cost	2,270
Adjustments and costs subsequent to acquisition	737
Gross carrying amount	'
Land	670
Building and improvements	2,925
Total	3,595
Accumulated depreciation	1,019
1135 Revere, MA	'
Real Estate and Accumulated Depreciation	'
Debt	5,099
Land initial cost	2,275
Building and improvements initial cost	6,935
Adjustments and costs subsequent to acquisition	76
Gross carrying amount	'
Land	2,275
Building and improvements	7,011
Total	9,286
Accumulated depreciation	381
1094 Saugus, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,725
Building and improvements initial cost	5,514
Adjustments and costs subsequent to acquisition	645
Gross carrying amount	'
Land	1,725
Building and improvements	6,159
Total	7,884
Accumulated depreciation	1,925
1107 Somerville, MA	'
Real Estate and Accumulated Depreciation	'
Debt	12,180
Land initial cost	1,728
Building and improvements initial cost	6,570
Adjustments and costs subsequent to acquisition	648
Gross carrying amount	'
Land	1,731
Building and improvements	7,215
Total	8,946
Accumulated depreciation	2,311
0746 Stoneham, MA	'
Real Estate and Accumulated Depreciation	'
Debt	6,005
Land initial cost	944
Building and improvements initial cost	5,241
Adjustments and costs subsequent to acquisition	170
Gross carrying amount	'
Land	944
Building and improvements	5,411
Total	6,355
Accumulated depreciation	1,259
1047 Stoughton, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,754
Building and improvements initial cost	2,769
Adjustments and costs subsequent to acquisition	283
Gross carrying amount	'
Land	1,754
Building and improvements	3,052
Total	4,806
Accumulated depreciation	1,126
0261 Tyngsboro, MA	'
Real Estate and Accumulated Depreciation	'
Debt	3,523
Land initial cost	1,843
Building and improvements initial cost	5,004
Adjustments and costs subsequent to acquisition	30
Gross carrying amount	'
Land	1,843
Building and improvements	5,034
Total	6,877
Accumulated depreciation	193
1206 Waltham, MA	'
Real Estate and Accumulated Depreciation	'
Debt	5,256
Land initial cost	3,770
Building and improvements initial cost	11,310
Adjustments and costs subsequent to acquisition	1,108
Gross carrying amount	'
Land	3,770
Building and improvements	12,418
Total	16,188
Accumulated depreciation	3,255
7001 Weymouth, MA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,806
Building and improvements initial cost	3,129
Adjustments and costs subsequent to acquisition	218
Gross carrying amount	'
Land	2,806
Building and improvements	3,347
Total	6,153
Accumulated depreciation	1,234
1207 Woburn, MA	'
Real Estate and Accumulated Depreciation	'
Adjustments and costs subsequent to acquisition	290
Gross carrying amount	'
Building and improvements	290
Total	290
Accumulated depreciation	138
1003 Worcester, MA	'
Real Estate and Accumulated Depreciation	'
Debt	4,568
Land initial cost	896
Building and improvements initial cost	4,377
Adjustments and costs subsequent to acquisition	3,159
Gross carrying amount	'
Land	896
Building and improvements	7,536
Total	8,432
Accumulated depreciation	2,251
1219 Worcester, MA	'
Real Estate and Accumulated Depreciation	'
Debt	4,179
Land initial cost	1,350
Building and improvements initial cost	4,433
Adjustments and costs subsequent to acquisition	129
Gross carrying amount	'
Land	1,350
Building and improvements	4,562
Total	5,912
Accumulated depreciation	870
0152 Annapolis, MD	'
Real Estate and Accumulated Depreciation	'
Debt	6,134
Land initial cost	1,375
Building and improvements initial cost	8,896
Adjustments and costs subsequent to acquisition	310
Gross carrying amount	'
Land	1,375
Building and improvements	9,206
Total	10,581
Accumulated depreciation	1,642
1381 Annapolis, MD	'
Real Estate and Accumulated Depreciation	'
Debt	6,575
Land initial cost	5,248
Building and improvements initial cost	7,247
Adjustments and costs subsequent to acquisition	192
Gross carrying amount	'
Land	5,248
Building and improvements	7,439
Total	12,687
Accumulated depreciation	1,348
0919 Arnold, MD	'
Real Estate and Accumulated Depreciation	'
Debt	9,054
Land initial cost	2,558
Building and improvements initial cost	9,446
Adjustments and costs subsequent to acquisition	417
Gross carrying amount	'
Land	2,558
Building and improvements	9,863
Total	12,421
Accumulated depreciation	2,272
0750 Baltimore, MD	'
Real Estate and Accumulated Depreciation	'
Debt	4,644
Land initial cost	1,185
Building and improvements initial cost	5,051
Adjustments and costs subsequent to acquisition	130
Gross carrying amount	'
Land	1,185
Building and improvements	5,181
Total	6,366
Accumulated depreciation	216
1218 Baltimore, MD	'
Real Estate and Accumulated Depreciation	'
Debt	3,936
Land initial cost	1,266
Building and improvements initial cost	10,789
Adjustments and costs subsequent to acquisition	65
Gross carrying amount	'
Land	1,266
Building and improvements	10,854
Total	12,120
Accumulated depreciation	244
1233 Baltimore, MD	'
Real Estate and Accumulated Depreciation	'
Debt	4,487
Land initial cost	800
Building and improvements initial cost	5,955
Adjustments and costs subsequent to acquisition	110
Gross carrying amount	'
Land	800
Building and improvements	6,065
Total	6,865
Accumulated depreciation	822
1439 Baltimore, MD	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,900
Building and improvements initial cost	5,277
Adjustments and costs subsequent to acquisition	131
Gross carrying amount	'
Land	1,900
Building and improvements	5,408
Total	7,308
Accumulated depreciation	501
0552 Bethesda, MD	'
Real Estate and Accumulated Depreciation	'
Debt	12,200
Land initial cost	3,671
Building and improvements initial cost	18,331
Adjustments and costs subsequent to acquisition	427
Gross carrying amount	'
Land	3,671
Building and improvements	18,758
Total	22,429
Accumulated depreciation	4,779
1453 Capitol Heights, MD	'
Real Estate and Accumulated Depreciation	'
Debt	8,447
Land initial cost	1,461
Building and improvements initial cost	9,866
Adjustments and costs subsequent to acquisition	201
Gross carrying amount	'
Land	1,461
Building and improvements	10,067
Total	11,528
Accumulated depreciation	865
0757 Cockeysville, MD	'
Real Estate and Accumulated Depreciation	'
Debt	3,959
Land initial cost	465
Building and improvements initial cost	5,600
Adjustments and costs subsequent to acquisition	200
Gross carrying amount	'
Land	465
Building and improvements	5,800
Total	6,265
Accumulated depreciation	278
0950 Columbia, MD	'
Real Estate and Accumulated Depreciation	'
Debt	8,006
Land initial cost	1,736
Building and improvements initial cost	9,632
Adjustments and costs subsequent to acquisition	265
Gross carrying amount	'
Land	1,736
Building and improvements	9,897
Total	11,633
Accumulated depreciation	2,266
1262 Edgewood, MD	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,000
Adjustments and costs subsequent to acquisition	-575
Gross carrying amount	'
Land	425
Total	425
0980 Ft. Washington, MD	'
Real Estate and Accumulated Depreciation	'
Debt	9,232
Land initial cost	4,920
Building and improvements initial cost	9,174
Adjustments and costs subsequent to acquisition	208
Gross carrying amount	'
Land	4,920
Building and improvements	9,382
Total	14,302
Accumulated depreciation	1,742
0258 Gambrills, MD	'
Real Estate and Accumulated Depreciation	'
Debt	4,926
Land initial cost	1,905
Building and improvements initial cost	7,104
Adjustments and costs subsequent to acquisition	25
Gross carrying amount	'
Land	1,905
Building and improvements	7,129
Total	9,034
Accumulated depreciation	268
8248 Glen Burnie, MD	'
Real Estate and Accumulated Depreciation	'
Debt	4,585
Land initial cost	1,303
Building and improvements initial cost	4,218
Adjustments and costs subsequent to acquisition	286
Gross carrying amount	'
Land	1,303
Building and improvements	4,504
Total	5,807
Accumulated depreciation	320
1500 Hanover, MD	'
Real Estate and Accumulated Depreciation	'
Debt	7,240
Land initial cost	2,160
Building and improvements initial cost	11,340
Adjustments and costs subsequent to acquisition	68
Gross carrying amount	'
Land	2,160
Building and improvements	11,408
Total	13,568
Accumulated depreciation	159
1195 Lanham, MD	'
Real Estate and Accumulated Depreciation	'
Debt	12,477
Land initial cost	3,346
Building and improvements initial cost	10,079
Adjustments and costs subsequent to acquisition	583
Gross carrying amount	'
Land	2,618
Building and improvements	11,390
Total	14,008
Accumulated depreciation	3,098
1292 Laurel Heights, MD	'
Real Estate and Accumulated Depreciation	'
Debt	6,104
Land initial cost	3,000
Building and improvements initial cost	5,930
Adjustments and costs subsequent to acquisition	87
Gross carrying amount	'
Land	3,000
Building and improvements	6,017
Total	9,017
Accumulated depreciation	978
0512 Lexington Park, MD	'
Real Estate and Accumulated Depreciation	'
Land initial cost	4,314
Building and improvements initial cost	8,412
Adjustments and costs subsequent to acquisition	81
Gross carrying amount	'
Land	4,314
Building and improvements	8,493
Total	12,807
Accumulated depreciation	227
0918 Pasadena, MD	'
Real Estate and Accumulated Depreciation	'
Debt	3,810
Land initial cost	1,869
Building and improvements initial cost	3,056
Adjustments and costs subsequent to acquisition	701
Gross carrying amount	'
Land	1,869
Building and improvements	3,757
Total	5,626
Accumulated depreciation	701
1287 Pasadena, MD	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,500
Building and improvements initial cost	7,407
Adjustments and costs subsequent to acquisition	128
Gross carrying amount	'
Land	3,500
Building and improvements	7,535
Total	11,035
Accumulated depreciation	501
8211 Randallstown, MD	'
Real Estate and Accumulated Depreciation	'
Debt	4,645
Land initial cost	764
Building and improvements initial cost	6,331
Adjustments and costs subsequent to acquisition	207
Gross carrying amount	'
Land	764
Building and improvements	6,538
Total	7,302
Accumulated depreciation	420
0380 Rockville, MD	'
Real Estate and Accumulated Depreciation	'
Debt	12,348
Land initial cost	4,596
Building and improvements initial cost	11,328
Adjustments and costs subsequent to acquisition	308
Gross carrying amount	'
Land	4,596
Building and improvements	11,636
Total	16,232
Accumulated depreciation	2,249
0507 Towson, MD	'
Real Estate and Accumulated Depreciation	'
Debt	3,908
Land initial cost	861
Building and improvements initial cost	4,742
Adjustments and costs subsequent to acquisition	211
Gross carrying amount	'
Land	861
Building and improvements	4,953
Total	5,814
Accumulated depreciation	1,187
0588 Towson, MD	'
Real Estate and Accumulated Depreciation	'
Debt	6,231
Land initial cost	1,094
Building and improvements initial cost	9,598
Adjustments and costs subsequent to acquisition	45
Gross carrying amount	'
Land	1,094
Building and improvements	9,643
Total	10,737
Accumulated depreciation	363
0553 Belleville, MI	'
Real Estate and Accumulated Depreciation	'
Debt	4,030
Land initial cost	954
Building and improvements initial cost	4,984
Adjustments and costs subsequent to acquisition	56
Gross carrying amount	'
Land	954
Building and improvements	5,040
Total	5,994
Accumulated depreciation	189
0309 Grandville, MI	'
Real Estate and Accumulated Depreciation	'
Debt	1,620
Land initial cost	726
Building and improvements initial cost	1,298
Adjustments and costs subsequent to acquisition	396
Gross carrying amount	'
Land	726
Building and improvements	1,694
Total	2,420
Accumulated depreciation	503
0556 Mount Clemens, MI	'
Real Estate and Accumulated Depreciation	'
Debt	2,002
Land initial cost	798
Building and improvements initial cost	1,796
Adjustments and costs subsequent to acquisition	439
Gross carrying amount	'
Land	798
Building and improvements	2,235
Total	3,033
Accumulated depreciation	569
0664 Florissant, MO	'
Real Estate and Accumulated Depreciation	'
Debt	3,509
Land initial cost	1,241
Building and improvements initial cost	4,648
Adjustments and costs subsequent to acquisition	326
Gross carrying amount	'
Land	1,241
Building and improvements	4,974
Total	6,215
Accumulated depreciation	981
0985 Grandview, MO	'
Real Estate and Accumulated Depreciation	'
Debt	1,048
Land initial cost	612
Building and improvements initial cost	1,770
Adjustments and costs subsequent to acquisition	387
Gross carrying amount	'
Land	612
Building and improvements	2,157
Total	2,769
Accumulated depreciation	635
0656 St. Louis, MO	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,444
Building and improvements initial cost	4,162
Adjustments and costs subsequent to acquisition	339
Gross carrying amount	'
Land	1,444
Building and improvements	4,501
Total	5,945
Accumulated depreciation	874
0663 St. Louis, MO	'
Real Estate and Accumulated Depreciation	'
Debt	2,720
Land initial cost	676
Building and improvements initial cost	3,551
Adjustments and costs subsequent to acquisition	304
Gross carrying amount	'
Land	676
Building and improvements	3,855
Total	4,531
Accumulated depreciation	765
1061 St. Louis, MO	'
Real Estate and Accumulated Depreciation	'
Debt	2,677
Land initial cost	631
Building and improvements initial cost	2,159
Adjustments and costs subsequent to acquisition	616
Gross carrying amount	'
Land	690
Building and improvements	2,716
Total	3,406
Accumulated depreciation	1,010
1062 St. Louis, MO	'
Real Estate and Accumulated Depreciation	'
Debt	2,647
Land initial cost	156
Building and improvements initial cost	1,313
Adjustments and costs subsequent to acquisition	617
Gross carrying amount	'
Land	173
Building and improvements	1,913
Total	2,086
Accumulated depreciation	765
8277 Cary, NC	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,614
Building and improvements initial cost	1,788
Adjustments and costs subsequent to acquisition	1
Gross carrying amount	'
Land	3,614
Building and improvements	1,789
Total	5,403
Accumulated depreciation	10
8027 Merrimack, NH	'
Real Estate and Accumulated Depreciation	'
Debt	3,887
Land initial cost	754
Building and improvements initial cost	3,299
Adjustments and costs subsequent to acquisition	599
Gross carrying amount	'
Land	817
Building and improvements	3,835
Total	4,652
Accumulated depreciation	1,168
0738 Nashua, NH	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	755
Adjustments and costs subsequent to acquisition	101
Gross carrying amount	'
Building and improvements	856
Total	856
Accumulated depreciation	286
1329 Avenel, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	7,739
Land initial cost	1,518
Building and improvements initial cost	8,037
Adjustments and costs subsequent to acquisition	331
Gross carrying amount	'
Land	1,518
Building and improvements	8,368
Total	9,886
Accumulated depreciation	2,043
1330 Bayville, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	3,842
Land initial cost	1,193
Building and improvements initial cost	5,312
Adjustments and costs subsequent to acquisition	340
Gross carrying amount	'
Land	1,193
Building and improvements	5,652
Total	6,845
Accumulated depreciation	1,424
1408 Bellmawr, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,600
Building and improvements initial cost	4,765
Adjustments and costs subsequent to acquisition	265
Gross carrying amount	'
Land	3,675
Building and improvements	4,955
Total	8,630
Accumulated depreciation	617
8342 Berkeley Heights, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,598
Building and improvements initial cost	7,553
Adjustments and costs subsequent to acquisition	73
Gross carrying amount	'
Land	1,598
Building and improvements	7,626
Total	9,224
Accumulated depreciation	291
0818 Cherry Hill, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,323
Building and improvements initial cost	1,549
Adjustments and costs subsequent to acquisition	106
Gross carrying amount	'
Land	2,323
Building and improvements	1,655
Total	3,978
Accumulated depreciation	52
1519 Cranbury, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,543
Building and improvements initial cost	5,095
Adjustments and costs subsequent to acquisition	181
Gross carrying amount	'
Land	3,543
Building and improvements	5,276
Total	8,819
Accumulated depreciation	152
1115 Edison, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,519
Building and improvements initial cost	8,547
Adjustments and costs subsequent to acquisition	717
Gross carrying amount	'
Land	2,519
Building and improvements	9,264
Total	11,783
Accumulated depreciation	2,973
1116 Egg Harbor Twp., NJ	'
Real Estate and Accumulated Depreciation	'
Debt	4,197
Land initial cost	1,724
Building and improvements initial cost	5,001
Adjustments and costs subsequent to acquisition	714
Gross carrying amount	'
Land	1,724
Building and improvements	5,715
Total	7,439
Accumulated depreciation	1,954
1258 Ewing, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,552
Building and improvements initial cost	4,720
Adjustments and costs subsequent to acquisition	-83
Gross carrying amount	'
Land	1,563
Building and improvements	4,626
Total	6,189
Accumulated depreciation	864
8343 Fairfield, NJ	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	9,402
Adjustments and costs subsequent to acquisition	78
Gross carrying amount	'
Building and improvements	9,480
Total	9,480
Accumulated depreciation	359
1516 Fort Lee, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	4,402
Building and improvements initial cost	9,831
Adjustments and costs subsequent to acquisition	208
Gross carrying amount	'
Land	4,402
Building and improvements	10,039
Total	14,441
Accumulated depreciation	286
1038 Glen Rock, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,109
Building and improvements initial cost	2,401
Adjustments and costs subsequent to acquisition	551
Gross carrying amount	'
Land	1,222
Building and improvements	2,839
Total	4,061
Accumulated depreciation	880
0330 Hackensack, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,283
Building and improvements initial cost	11,234
Adjustments and costs subsequent to acquisition	839
Gross carrying amount	'
Land	2,283
Building and improvements	12,073
Total	14,356
Accumulated depreciation	2,947
8346 Hackettstown, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,144
Building and improvements initial cost	6,660
Adjustments and costs subsequent to acquisition	39
Gross carrying amount	'
Land	2,144
Building and improvements	6,699
Total	8,843
Accumulated depreciation	238
0332 Harrison, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	3,654
Land initial cost	300
Building and improvements initial cost	6,003
Adjustments and costs subsequent to acquisition	168
Gross carrying amount	'
Land	300
Building and improvements	6,171
Total	6,471
Accumulated depreciation	233
1117 Hazlet, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	7,813
Land initial cost	1,362
Building and improvements initial cost	10,262
Adjustments and costs subsequent to acquisition	598
Gross carrying amount	'
Land	1,362
Building and improvements	10,860
Total	12,222
Accumulated depreciation	3,470
1039 Hoboken, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	7,981
Land initial cost	2,687
Building and improvements initial cost	6,092
Adjustments and costs subsequent to acquisition	254
Gross carrying amount	'
Land	2,687
Building and improvements	6,346
Total	9,033
Accumulated depreciation	1,940
1118 Howell, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	3,361
Land initial cost	2,440
Building and improvements initial cost	3,407
Adjustments and costs subsequent to acquisition	423
Gross carrying amount	'
Land	2,440
Building and improvements	3,830
Total	6,270
Accumulated depreciation	1,308
1120 Iselin, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	4,832
Land initial cost	505
Building and improvements initial cost	4,524
Adjustments and costs subsequent to acquisition	532
Gross carrying amount	'
Land	505
Building and improvements	5,056
Total	5,561
Accumulated depreciation	1,728
0821 Lawnside, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,249
Building and improvements initial cost	5,613
Adjustments and costs subsequent to acquisition	110
Gross carrying amount	'
Land	1,249
Building and improvements	5,723
Total	6,972
Accumulated depreciation	169
1196 Lawrenceville, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	5,575
Land initial cost	3,402
Building and improvements initial cost	10,230
Adjustments and costs subsequent to acquisition	494
Gross carrying amount	'
Land	3,402
Building and improvements	10,724
Total	14,126
Accumulated depreciation	2,866
0739 Linden, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	3,786
Land initial cost	1,517
Building and improvements initial cost	8,384
Adjustments and costs subsequent to acquisition	248
Gross carrying amount	'
Land	1,517
Building and improvements	8,632
Total	10,149
Accumulated depreciation	1,957
1328 Lumberton, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	4,198
Land initial cost	831
Building and improvements initial cost	4,060
Adjustments and costs subsequent to acquisition	222
Gross carrying amount	'
Land	831
Building and improvements	4,282
Total	5,113
Accumulated depreciation	1,136
1040 Lyndhurst, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,679
Building and improvements initial cost	4,644
Adjustments and costs subsequent to acquisition	1,014
Gross carrying amount	'
Land	2,929
Building and improvements	5,408
Total	8,337
Accumulated depreciation	1,650
8347 Mahwah, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,890
Building and improvements initial cost	13,112
Adjustments and costs subsequent to acquisition	200
Gross carrying amount	'
Land	1,890
Building and improvements	13,312
Total	15,202
Accumulated depreciation	475
8093 Maple Shade, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	4,276
Land initial cost	1,093
Building and improvements initial cost	5,492
Adjustments and costs subsequent to acquisition	85
Gross carrying amount	'
Land	1,093
Building and improvements	5,577
Total	6,670
Accumulated depreciation	306
0784 Merchantville, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	3,757
Land initial cost	1,644
Building and improvements initial cost	3,115
Adjustments and costs subsequent to acquisition	200
Gross carrying amount	'
Land	1,644
Building and improvements	3,315
Total	4,959
Accumulated depreciation	254
1054 Metuchen, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	5,830
Land initial cost	1,153
Building and improvements initial cost	4,462
Adjustments and costs subsequent to acquisition	276
Gross carrying amount	'
Land	1,153
Building and improvements	4,738
Total	5,891
Accumulated depreciation	1,515
1428 Monmouth Junction, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	3,052
Land initial cost	1,700
Building and improvements initial cost	5,835
Adjustments and costs subsequent to acquisition	122
Gross carrying amount	'
Land	1,700
Building and improvements	5,957
Total	7,657
Accumulated depreciation	609
8348 Montville, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	8,209
Land initial cost	1,511
Building and improvements initial cost	11,749
Adjustments and costs subsequent to acquisition	44
Gross carrying amount	'
Land	1,511
Building and improvements	11,793
Total	13,304
Accumulated depreciation	418
1197 Morrisville, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,487
Building and improvements initial cost	7,494
Adjustments and costs subsequent to acquisition	1,214
Gross carrying amount	'
Land	2,487
Building and improvements	8,708
Total	11,195
Accumulated depreciation	2,352
0381 Mt Laurel, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	3,099
Land initial cost	329
Building and improvements initial cost	5,217
Adjustments and costs subsequent to acquisition	72
Gross carrying amount	'
Land	329
Building and improvements	5,289
Total	5,618
Accumulated depreciation	206
1360 Neptune, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	7,445
Land initial cost	4,204
Building and improvements initial cost	8,906
Adjustments and costs subsequent to acquisition	316
Gross carrying amount	'
Land	4,204
Building and improvements	9,222
Total	13,426
Accumulated depreciation	1,763
8344 Newark, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	806
Building and improvements initial cost	8,340
Adjustments and costs subsequent to acquisition	91
Gross carrying amount	'
Land	806
Building and improvements	8,431
Total	9,237
Accumulated depreciation	320
0677 North Bergen, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	861
Building and improvements initial cost	17,127
Adjustments and costs subsequent to acquisition	133
Gross carrying amount	'
Land	861
Building and improvements	17,260
Total	18,121
Accumulated depreciation	983
0809 North Bergen, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	10,318
Land initial cost	2,299
Building and improvements initial cost	12,728
Adjustments and costs subsequent to acquisition	432
Gross carrying amount	'
Land	2,299
Building and improvements	13,160
Total	15,459
Accumulated depreciation	2,997
1089 North Bergen, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	9,411
Land initial cost	2,100
Building and improvements initial cost	6,606
Adjustments and costs subsequent to acquisition	355
Gross carrying amount	'
Land	2,100
Building and improvements	6,961
Total	9,061
Accumulated depreciation	2,032
8345 North Brunswick, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,789
Building and improvements initial cost	4,404
Adjustments and costs subsequent to acquisition	95
Gross carrying amount	'
Land	2,789
Building and improvements	4,499
Total	7,288
Accumulated depreciation	177
1119 Old Bridge, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	5,685
Land initial cost	2,758
Building and improvements initial cost	6,450
Adjustments and costs subsequent to acquisition	990
Gross carrying amount	'
Land	2,758
Building and improvements	7,440
Total	10,198
Accumulated depreciation	2,455
0810 Parlin, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,517
Building and improvements initial cost	4,516
Adjustments and costs subsequent to acquisition	480
Gross carrying amount	'
Land	2,517
Building and improvements	4,996
Total	7,513
Accumulated depreciation	1,390
1032 Parlin, NJ	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	5,273
Adjustments and costs subsequent to acquisition	398
Gross carrying amount	'
Building and improvements	5,671
Total	5,671
Accumulated depreciation	2,105
8341 Parsippany, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,353
Building and improvements initial cost	7,798
Adjustments and costs subsequent to acquisition	103
Gross carrying amount	'
Land	2,353
Building and improvements	7,901
Total	10,254
Accumulated depreciation	306
0655 Toms River, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	4,992
Land initial cost	1,790
Building and improvements initial cost	9,935
Adjustments and costs subsequent to acquisition	341
Gross carrying amount	'
Land	1,790
Building and improvements	10,276
Total	12,066
Accumulated depreciation	2,480
1331 Union, NJ	'
Real Estate and Accumulated Depreciation	'
Debt	6,605
Land initial cost	1,754
Building and improvements initial cost	6,237
Adjustments and costs subsequent to acquisition	372
Gross carrying amount	'
Land	1,754
Building and improvements	6,609
Total	8,363
Accumulated depreciation	1,682
1517 Union, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,133
Building and improvements initial cost	7,239
Adjustments and costs subsequent to acquisition	74
Gross carrying amount	'
Land	1,133
Building and improvements	7,313
Total	8,446
Accumulated depreciation	211
1518 Watchung, NJ	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,843
Building and improvements initial cost	4,499
Adjustments and costs subsequent to acquisition	113
Gross carrying amount	'
Land	1,843
Building and improvements	4,612
Total	6,455
Accumulated depreciation	133
0547 Albuquerque, NM	'
Real Estate and Accumulated Depreciation	'
Debt	4,775
Land initial cost	1,298
Building and improvements initial cost	4,628
Adjustments and costs subsequent to acquisition	625
Gross carrying amount	'
Land	1,298
Building and improvements	5,253
Total	6,551
Accumulated depreciation	999
0817 Albuquerque, NM	'
Real Estate and Accumulated Depreciation	'
Debt	1,949
Land initial cost	755
Building and improvements initial cost	1,797
Adjustments and costs subsequent to acquisition	27
Gross carrying amount	'
Land	755
Building and improvements	1,824
Total	2,579
Accumulated depreciation	54
0485 Santa Fe, NM	'
Real Estate and Accumulated Depreciation	'
Debt	5,905
Land initial cost	3,066
Building and improvements initial cost	7,366
Adjustments and costs subsequent to acquisition	302
Gross carrying amount	'
Land	3,066
Building and improvements	7,668
Total	10,734
Accumulated depreciation	292
0830 Henderson, NV	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,934
Building and improvements initial cost	8,897
Adjustments and costs subsequent to acquisition	80
Gross carrying amount	'
Land	2,934
Building and improvements	8,977
Total	11,911
Accumulated depreciation	260
0816 Las Vegas, NV	'
Real Estate and Accumulated Depreciation	'
Land initial cost	400
Building and improvements initial cost	4,936
Adjustments and costs subsequent to acquisition	49
Gross carrying amount	'
Land	400
Building and improvements	4,985
Total	5,385
Accumulated depreciation	147
0820 Las Vegas, NV	'
Real Estate and Accumulated Depreciation	'
Debt	4,512
Land initial cost	773
Building and improvements initial cost	6,006
Adjustments and costs subsequent to acquisition	67
Gross carrying amount	'
Land	773
Building and improvements	6,073
Total	6,846
Accumulated depreciation	179
1058 Las Vegas, NV	'
Real Estate and Accumulated Depreciation	'
Debt	1,194
Land initial cost	251
Building and improvements initial cost	717
Adjustments and costs subsequent to acquisition	517
Gross carrying amount	'
Land	278
Building and improvements	1,207
Total	1,485
Accumulated depreciation	520
1465 Las Vegas, NV	'
Real Estate and Accumulated Depreciation	'
Debt	2,462
Land initial cost	1,441
Building and improvements initial cost	1,810
Adjustments and costs subsequent to acquisition	105
Gross carrying amount	'
Land	1,441
Building and improvements	1,915
Total	3,356
Accumulated depreciation	141
0850 Las Vegas, NV	'
Real Estate and Accumulated Depreciation	'
Debt	3,717
Land initial cost	628
Building and improvements initial cost	4,005
Adjustments and costs subsequent to acquisition	-453
Gross carrying amount	'
Land	279
Building and improvements	3,901
Total	4,180
Accumulated depreciation	429
0409 Amsterdam, NY	'
Real Estate and Accumulated Depreciation	'
Land initial cost	715
Building and improvements initial cost	241
Adjustments and costs subsequent to acquisition	-956
1391 Bohemia, NY	'
Real Estate and Accumulated Depreciation	'
Debt	1,470
Land initial cost	1,456
Building and improvements initial cost	1,398
Adjustments and costs subsequent to acquisition	351
Gross carrying amount	'
Land	1,456
Building and improvements	1,749
Total	3,205
Accumulated depreciation	330
1042 Bronx, NY	'
Real Estate and Accumulated Depreciation	'
Debt	18,369
Land initial cost	3,450
Building and improvements initial cost	21,210
Adjustments and costs subsequent to acquisition	347
Gross carrying amount	'
Land	3,450
Building and improvements	21,557
Total	25,007
Accumulated depreciation	1,142
1213 Bronx, NY	'
Real Estate and Accumulated Depreciation	'
Debt	9,548
Land initial cost	3,995
Building and improvements initial cost	11,870
Adjustments and costs subsequent to acquisition	781
Gross carrying amount	'
Land	3,995
Building and improvements	12,651
Total	16,646
Accumulated depreciation	3,234
0727 Brooklyn, NY	'
Real Estate and Accumulated Depreciation	'
Land initial cost	16,188
Building and improvements initial cost	23,309
Adjustments and costs subsequent to acquisition	297
Gross carrying amount	'
Land	16,257
Building and improvements	23,537
Total	39,794
Accumulated depreciation	892
1399 Brooklyn, NY	'
Real Estate and Accumulated Depreciation	'
Debt	20,074
Land initial cost	12,993
Building and improvements initial cost	10,405
Adjustments and costs subsequent to acquisition	306
Gross carrying amount	'
Land	12,993
Building and improvements	10,711
Total	23,704
Accumulated depreciation	1,492
1450 Brooklyn, NY	'
Real Estate and Accumulated Depreciation	'
Debt	8,160
Land initial cost	2,802
Building and improvements initial cost	6,536
Adjustments and costs subsequent to acquisition	204
Gross carrying amount	'
Land	2,802
Building and improvements	6,740
Total	9,542
Accumulated depreciation	660
1398 Centereach, NY	'
Real Estate and Accumulated Depreciation	'
Debt	4,191
Land initial cost	2,226
Building and improvements initial cost	1,657
Adjustments and costs subsequent to acquisition	192
Gross carrying amount	'
Land	2,226
Building and improvements	1,849
Total	4,075
Accumulated depreciation	286
8349 Central Valley, NY	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,800
Building and improvements initial cost	12,173
Adjustments and costs subsequent to acquisition	380
Gross carrying amount	'
Land	2,800
Building and improvements	12,553
Total	15,353
Accumulated depreciation	446
1451 Freeport, NY	'
Real Estate and Accumulated Depreciation	'
Debt	5,253
Land initial cost	5,676
Building and improvements initial cost	3,784
Adjustments and costs subsequent to acquisition	745
Gross carrying amount	'
Land	5,676
Building and improvements	4,529
Total	10,205
Accumulated depreciation	421
0674 Hauppauge, NY	'
Real Estate and Accumulated Depreciation	'
Debt	5,676
Land initial cost	1,238
Building and improvements initial cost	7,095
Adjustments and costs subsequent to acquisition	336
Gross carrying amount	'
Land	1,238
Building and improvements	7,431
Total	8,669
Accumulated depreciation	284
0630 Hicksville, NY	'
Real Estate and Accumulated Depreciation	'
Debt	8,939
Land initial cost	2,581
Building and improvements initial cost	10,677
Adjustments and costs subsequent to acquisition	29
Gross carrying amount	'
Land	2,581
Building and improvements	10,706
Total	13,287
Accumulated depreciation	402
0405 Kingston, NY	'
Real Estate and Accumulated Depreciation	'
Debt	4,959
Land initial cost	837
Building and improvements initial cost	6,199
Adjustments and costs subsequent to acquisition	15
Gross carrying amount	'
Land	837
Building and improvements	6,214
Total	7,051
Accumulated depreciation	234
0502 Mount Vernon, NY	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,585
Building and improvements initial cost	6,025
Adjustments and costs subsequent to acquisition	2,389
Gross carrying amount	'
Land	1,585
Building and improvements	8,414
Total	9,999
Accumulated depreciation	1,898
1087 Mount Vernon, NY	'
Real Estate and Accumulated Depreciation	'
Debt	8,401
Land initial cost	1,926
Building and improvements initial cost	7,622
Adjustments and costs subsequent to acquisition	783
Gross carrying amount	'
Land	1,926
Building and improvements	8,405
Total	10,331
Accumulated depreciation	2,474
1055 Nanuet, NY	'
Real Estate and Accumulated Depreciation	'
Debt	3,688
Land initial cost	2,072
Building and improvements initial cost	4,644
Adjustments and costs subsequent to acquisition	1,724
Gross carrying amount	'
Land	2,739
Building and improvements	5,701
Total	8,440
Accumulated depreciation	1,767
0406 New Paltz, NY	'
Real Estate and Accumulated Depreciation	'
Debt	4,564
Land initial cost	2,059
Building and improvements initial cost	3,715
Adjustments and costs subsequent to acquisition	410
Gross carrying amount	'
Land	2,059
Building and improvements	4,125
Total	6,184
Accumulated depreciation	1,096
0539 New York, NY	'
Real Estate and Accumulated Depreciation	'
Debt	19,326
Land initial cost	3,060
Building and improvements initial cost	16,978
Adjustments and costs subsequent to acquisition	696
Gross carrying amount	'
Land	3,060
Building and improvements	17,674
Total	20,734
Accumulated depreciation	4,095
1050 Plainview, NY	'
Real Estate and Accumulated Depreciation	'
Debt	7,692
Land initial cost	4,287
Building and improvements initial cost	3,710
Adjustments and costs subsequent to acquisition	661
Gross carrying amount	'
Land	4,287
Building and improvements	4,371
Total	8,658
Accumulated depreciation	1,599
8350 Poughkeepsie, NY	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,038
Building and improvements initial cost	7,862
Adjustments and costs subsequent to acquisition	71
Gross carrying amount	'
Land	1,038
Building and improvements	7,933
Total	8,971
Accumulated depreciation	303
0470 Ridge, NY	'
Real Estate and Accumulated Depreciation	'
Debt	6,264
Land initial cost	1,762
Building and improvements initial cost	6,934
Adjustments and costs subsequent to acquisition	16
Gross carrying amount	'
Land	1,762
Building and improvements	6,950
Total	8,712
Accumulated depreciation	261
1501 Cincinnati, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,941
Building and improvements initial cost	2,177
Adjustments and costs subsequent to acquisition	195
Gross carrying amount	'
Land	2,941
Building and improvements	2,372
Total	5,313
Accumulated depreciation	195
1502 Cincinnati, OH	'
Real Estate and Accumulated Depreciation	'
Debt	4,638
Land initial cost	1,815
Building and improvements initial cost	5,733
Adjustments and costs subsequent to acquisition	219
Gross carrying amount	'
Land	1,815
Building and improvements	5,952
Total	7,767
Accumulated depreciation	435
1503 Cincinnati, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,445
Building and improvements initial cost	3,755
Adjustments and costs subsequent to acquisition	185
Gross carrying amount	'
Land	1,445
Building and improvements	3,940
Total	5,385
Accumulated depreciation	292
1504 Cincinnati, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,217
Building and improvements initial cost	1,941
Adjustments and costs subsequent to acquisition	109
Gross carrying amount	'
Land	1,217
Building and improvements	2,050
Total	3,267
Accumulated depreciation	151
0438 Columbus, OH	'
Real Estate and Accumulated Depreciation	'
Debt	2,764
Land initial cost	483
Building and improvements initial cost	2,654
Adjustments and costs subsequent to acquisition	568
Gross carrying amount	'
Land	483
Building and improvements	3,222
Total	3,705
Accumulated depreciation	940
0522 Columbus, OH	'
Real Estate and Accumulated Depreciation	'
Debt	1,430
Land initial cost	657
Building and improvements initial cost	2,025
Adjustments and costs subsequent to acquisition	13
Gross carrying amount	'
Land	727
Building and improvements	1,968
Total	2,695
Accumulated depreciation	163
0525 Columbus, OH	'
Real Estate and Accumulated Depreciation	'
Debt	3,622
Land initial cost	924
Building and improvements initial cost	5,113
Adjustments and costs subsequent to acquisition	247
Gross carrying amount	'
Land	1,227
Building and improvements	5,057
Total	6,284
Accumulated depreciation	495
1548 Fairfield, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	904
Building and improvements initial cost	3,856
Adjustments and costs subsequent to acquisition	7
Gross carrying amount	'
Land	904
Building and improvements	3,863
Total	4,767
Accumulated depreciation	12
1511 Greenville, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	189
Building and improvements initial cost	302
Adjustments and costs subsequent to acquisition	72
Gross carrying amount	'
Land	189
Building and improvements	374
Total	563
Accumulated depreciation	32
1505 Hamilton, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	673
Building and improvements initial cost	2,910
Adjustments and costs subsequent to acquisition	96
Gross carrying amount	'
Land	673
Building and improvements	3,006
Total	3,679
Accumulated depreciation	211
0829 Hilliard, OH	'
Real Estate and Accumulated Depreciation	'
Debt	2,110
Land initial cost	1,613
Building and improvements initial cost	2,369
Adjustments and costs subsequent to acquisition	208
Gross carrying amount	'
Land	1,613
Building and improvements	2,577
Total	4,190
Accumulated depreciation	82
0365 Kent, OH	'
Real Estate and Accumulated Depreciation	'
Debt	1,430
Land initial cost	220
Building and improvements initial cost	1,206
Adjustments and costs subsequent to acquisition	222
Gross carrying amount	'
Land	220
Building and improvements	1,428
Total	1,648
Accumulated depreciation	424
1506 Lebanon, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,657
Building and improvements initial cost	1,566
Adjustments and costs subsequent to acquisition	301
Gross carrying amount	'
Land	1,657
Building and improvements	1,867
Total	3,524
Accumulated depreciation	137
0368 Mentor, OH	'
Real Estate and Accumulated Depreciation	'
Debt	1,343
Land initial cost	409
Building and improvements initial cost	1,609
Adjustments and costs subsequent to acquisition	97
Gross carrying amount	'
Land	409
Building and improvements	1,706
Total	2,115
Accumulated depreciation	71
0826 Mentor, OH	'
Real Estate and Accumulated Depreciation	'
Debt	1,280
Land initial cost	658
Building and improvements initial cost	1,267
Adjustments and costs subsequent to acquisition	174
Gross carrying amount	'
Land	658
Building and improvements	1,441
Total	2,099
Accumulated depreciation	44
1507 Middletown, OH	'
Real Estate and Accumulated Depreciation	'
Debt	1,310
Land initial cost	534
Building and improvements initial cost	1,047
Adjustments and costs subsequent to acquisition	93
Gross carrying amount	'
Land	534
Building and improvements	1,140
Total	1,674
Accumulated depreciation	88
1509 Sidney, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	201
Building and improvements initial cost	262
Adjustments and costs subsequent to acquisition	63
Gross carrying amount	'
Land	201
Building and improvements	325
Total	526
Accumulated depreciation	33
1510 Troy, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	273
Building and improvements initial cost	544
Adjustments and costs subsequent to acquisition	115
Gross carrying amount	'
Land	273
Building and improvements	659
Total	932
Accumulated depreciation	57
1512 Washington Court House, OH	'
Real Estate and Accumulated Depreciation	'
Land initial cost	197
Building and improvements initial cost	499
Adjustments and costs subsequent to acquisition	61
Gross carrying amount	'
Land	197
Building and improvements	560
Total	757
Accumulated depreciation	47
0367 Willoughby, OH	'
Real Estate and Accumulated Depreciation	'
Debt	1,108
Land initial cost	155
Building and improvements initial cost	1,811
Adjustments and costs subsequent to acquisition	34
Gross carrying amount	'
Land	155
Building and improvements	1,845
Total	2,000
Accumulated depreciation	69
1508 Xenia, OH	'
Real Estate and Accumulated Depreciation	'
Debt	1,655
Land initial cost	302
Building and improvements initial cost	1,022
Adjustments and costs subsequent to acquisition	60
Gross carrying amount	'
Land	302
Building and improvements	1,082
Total	1,384
Accumulated depreciation	84
0288 Aloha, OR	'
Real Estate and Accumulated Depreciation	'
Debt	6,207
Land initial cost	1,221
Building and improvements initial cost	6,262
Adjustments and costs subsequent to acquisition	265
Gross carrying amount	'
Land	1,221
Building and improvements	6,527
Total	7,748
Accumulated depreciation	1,561
0286 Beaverton, OR	'
Real Estate and Accumulated Depreciation	'
Debt	4,730
Land initial cost	2,014
Building and improvements initial cost	5,786
Adjustments and costs subsequent to acquisition	46
Gross carrying amount	'
Land	2,014
Building and improvements	5,832
Total	7,846
Accumulated depreciation	223
1294 King City, OR	'
Real Estate and Accumulated Depreciation	'
Debt	3,081
Land initial cost	2,520
Building and improvements initial cost	6,845
Adjustments and costs subsequent to acquisition	45
Gross carrying amount	'
Land	2,520
Building and improvements	6,890
Total	9,410
Accumulated depreciation	720
1332 Bensalem, PA	'
Real Estate and Accumulated Depreciation	'
Debt	3,329
Land initial cost	1,131
Building and improvements initial cost	4,525
Adjustments and costs subsequent to acquisition	288
Gross carrying amount	'
Land	1,131
Building and improvements	4,813
Total	5,944
Accumulated depreciation	1,237
1354 Bensalem, PA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	750
Building and improvements initial cost	3,015
Adjustments and costs subsequent to acquisition	180
Gross carrying amount	'
Land	750
Building and improvements	3,195
Total	3,945
Accumulated depreciation	708
1036 Doylestown, PA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	220
Building and improvements initial cost	3,442
Adjustments and costs subsequent to acquisition	1,055
Gross carrying amount	'
Land	521
Building and improvements	4,196
Total	4,717
Accumulated depreciation	1,325
1046 Kennedy Township, PA	'
Real Estate and Accumulated Depreciation	'
Debt	2,591
Land initial cost	736
Building and improvements initial cost	3,173
Adjustments and costs subsequent to acquisition	188
Gross carrying amount	'
Land	736
Building and improvements	3,361
Total	4,097
Accumulated depreciation	1,234
1198 Philadelphia, PA	'
Real Estate and Accumulated Depreciation	'
Debt	5,646
Land initial cost	1,965
Building and improvements initial cost	5,925
Adjustments and costs subsequent to acquisition	1,083
Gross carrying amount	'
Land	1,965
Building and improvements	7,008
Total	8,973
Accumulated depreciation	1,928
0542 Philadelphia, PA	'
Real Estate and Accumulated Depreciation	'
Debt	8,578
Land initial cost	3,000
Building and improvements initial cost	7,909
Adjustments and costs subsequent to acquisition	59
Gross carrying amount	'
Land	596
Building and improvements	10,372
Total	10,968
Accumulated depreciation	543
1045 Pittsburgh, PA	'
Real Estate and Accumulated Depreciation	'
Debt	3,822
Land initial cost	889
Building and improvements initial cost	4,117
Adjustments and costs subsequent to acquisition	559
Gross carrying amount	'
Land	889
Building and improvements	4,676
Total	5,565
Accumulated depreciation	1,675
1063 Pittsburgh, PA	'
Real Estate and Accumulated Depreciation	'
Debt	2,591
Land initial cost	991
Building and improvements initial cost	1,990
Adjustments and costs subsequent to acquisition	885
Gross carrying amount	'
Land	1,082
Building and improvements	2,784
Total	3,866
Accumulated depreciation	954
1048 Willow Grove, PA	'
Real Estate and Accumulated Depreciation	'
Debt	5,182
Land initial cost	1,297
Building and improvements initial cost	4,027
Adjustments and costs subsequent to acquisition	212
Gross carrying amount	'
Land	1,297
Building and improvements	4,239
Total	5,536
Accumulated depreciation	361
0741 Johnston, RI	'
Real Estate and Accumulated Depreciation	'
Debt	6,767
Land initial cost	2,658
Building and improvements initial cost	4,799
Adjustments and costs subsequent to acquisition	462
Gross carrying amount	'
Land	2,658
Building and improvements	5,261
Total	7,919
Accumulated depreciation	1,339
1150 Johnston, RI	'
Real Estate and Accumulated Depreciation	'
Debt	1,932
Land initial cost	533
Building and improvements initial cost	2,127
Adjustments and costs subsequent to acquisition	47
Gross carrying amount	'
Land	533
Building and improvements	2,174
Total	2,707
Accumulated depreciation	118
1303 Charleston, SC	'
Real Estate and Accumulated Depreciation	'
Debt	3,521
Land initial cost	1,279
Building and improvements initial cost	4,171
Adjustments and costs subsequent to acquisition	213
Gross carrying amount	'
Land	1,279
Building and improvements	4,384
Total	5,663
Accumulated depreciation	1,109
1305 Columbia, SC	'
Real Estate and Accumulated Depreciation	'
Debt	2,821
Land initial cost	838
Building and improvements initial cost	3,312
Adjustments and costs subsequent to acquisition	251
Gross carrying amount	'
Land	838
Building and improvements	3,563
Total	4,401
Accumulated depreciation	944
8174 Columbia, SC	'
Real Estate and Accumulated Depreciation	'
Debt	3,310
Land initial cost	1,784
Building and improvements initial cost	2,745
Adjustments and costs subsequent to acquisition	59
Gross carrying amount	'
Land	1,784
Building and improvements	2,804
Total	4,588
Accumulated depreciation	105
1311 Goose Creek, SC	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,683
Building and improvements initial cost	4,372
Adjustments and costs subsequent to acquisition	1,020
Gross carrying amount	'
Land	1,683
Building and improvements	5,392
Total	7,075
Accumulated depreciation	1,274
1323 Summerville, SC	'
Real Estate and Accumulated Depreciation	'
Land initial cost	450
Building and improvements initial cost	4,454
Adjustments and costs subsequent to acquisition	179
Gross carrying amount	'
Land	450
Building and improvements	4,633
Total	5,083
Accumulated depreciation	1,178
0578 Bartlett, TN	'
Real Estate and Accumulated Depreciation	'
Debt	2,512
Land initial cost	632
Building and improvements initial cost	3,798
Adjustments and costs subsequent to acquisition	35
Gross carrying amount	'
Land	632
Building and improvements	3,833
Total	4,465
Accumulated depreciation	144
0487 Cordova, TN	'
Real Estate and Accumulated Depreciation	'
Debt	2,573
Land initial cost	852
Building and improvements initial cost	2,720
Adjustments and costs subsequent to acquisition	258
Gross carrying amount	'
Land	852
Building and improvements	2,978
Total	3,830
Accumulated depreciation	786
0506 Cordova, TN	'
Real Estate and Accumulated Depreciation	'
Debt	6,576
Land initial cost	2,627
Building and improvements initial cost	9,786
Adjustments and costs subsequent to acquisition	432
Gross carrying amount	'
Land	8,187
Building and improvements	4,658
Total	12,845
Accumulated depreciation	788
0704 Cordova, TN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	894
Building and improvements initial cost	2,680
Adjustments and costs subsequent to acquisition	151
Gross carrying amount	'
Land	894
Building and improvements	2,831
Total	3,725
Accumulated depreciation	555
8122 Cordova, TN	'
Real Estate and Accumulated Depreciation	'
Debt	2,057
Land initial cost	652
Building and improvements initial cost	1,791
Adjustments and costs subsequent to acquisition	72
Gross carrying amount	'
Land	652
Building and improvements	1,863
Total	2,515
Accumulated depreciation	142
0823 Franklin, TN	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,357
Building and improvements initial cost	8,984
Adjustments and costs subsequent to acquisition	143
Gross carrying amount	'
Land	3,357
Building and improvements	9,127
Total	12,484
Accumulated depreciation	267
0198 Memphis, TN	'
Real Estate and Accumulated Depreciation	'
Debt	2,002
Land initial cost	1,255
Building and improvements initial cost	2,909
Adjustments and costs subsequent to acquisition	77
Gross carrying amount	'
Land	1,313
Building and improvements	2,928
Total	4,241
Accumulated depreciation	255
0252 Memphis, TN	'
Real Estate and Accumulated Depreciation	'
Debt	2,955
Land initial cost	1,154
Building and improvements initial cost	4,217
Adjustments and costs subsequent to acquisition	119
Gross carrying amount	'
Land	803
Building and improvements	4,687
Total	5,490
Accumulated depreciation	313
0374 Memphis, TN	'
Real Estate and Accumulated Depreciation	'
Debt	1,041
Land initial cost	110
Building and improvements initial cost	1,280
Adjustments and costs subsequent to acquisition	19
Gross carrying amount	'
Land	110
Building and improvements	1,299
Total	1,409
Accumulated depreciation	49
0680 Memphis, TN	'
Real Estate and Accumulated Depreciation	'
Debt	1,713
Land initial cost	274
Building and improvements initial cost	2,623
Adjustments and costs subsequent to acquisition	21
Gross carrying amount	'
Land	274
Building and improvements	2,644
Total	2,918
Accumulated depreciation	101
0811 Memphis, TN	'
Real Estate and Accumulated Depreciation	'
Debt	3,538
Land initial cost	1,040
Building and improvements initial cost	3,867
Adjustments and costs subsequent to acquisition	113
Gross carrying amount	'
Land	1,040
Building and improvements	3,980
Total	5,020
Accumulated depreciation	116
0813 Memphis, TN	'
Real Estate and Accumulated Depreciation	'
Debt	2,629
Land initial cost	1,617
Building and improvements initial cost	2,875
Adjustments and costs subsequent to acquisition	87
Gross carrying amount	'
Land	1,617
Building and improvements	2,962
Total	4,579
Accumulated depreciation	85
0574 Nashville, TN	'
Real Estate and Accumulated Depreciation	'
Debt	2,892
Land initial cost	390
Building and improvements initial cost	2,598
Adjustments and costs subsequent to acquisition	690
Gross carrying amount	'
Land	390
Building and improvements	3,288
Total	3,678
Accumulated depreciation	941
1363 Allen, TX	'
Real Estate and Accumulated Depreciation	'
Debt	4,605
Land initial cost	901
Building and improvements initial cost	5,553
Adjustments and costs subsequent to acquisition	214
Gross carrying amount	'
Land	901
Building and improvements	5,767
Total	6,668
Accumulated depreciation	1,127
1301 Arlington, TX	'
Real Estate and Accumulated Depreciation	'
Debt	2,206
Land initial cost	534
Building and improvements initial cost	2,525
Adjustments and costs subsequent to acquisition	403
Gross carrying amount	'
Land	534
Building and improvements	2,928
Total	3,462
Accumulated depreciation	844
0472 Austin, TX	'
Real Estate and Accumulated Depreciation	'
Debt	2,287
Land initial cost	2,790
Building and improvements initial cost	4,991
Adjustments and costs subsequent to acquisition	134
Gross carrying amount	'
Land	3,411
Building and improvements	4,504
Total	7,915
Accumulated depreciation	360
1302 Austin, TX	'
Real Estate and Accumulated Depreciation	'
Debt	5,169
Land initial cost	870
Building and improvements initial cost	4,455
Adjustments and costs subsequent to acquisition	327
Gross carrying amount	'
Land	870
Building and improvements	4,782
Total	5,652
Accumulated depreciation	1,259
0476 Dallas, TX	'
Real Estate and Accumulated Depreciation	'
Debt	4,194
Land initial cost	5,061
Building and improvements initial cost	8,224
Adjustments and costs subsequent to acquisition	223
Gross carrying amount	'
Land	7,143
Building and improvements	6,365
Total	13,508
Accumulated depreciation	644
0514 Dallas, TX	'
Real Estate and Accumulated Depreciation	'
Debt	11,432
Land initial cost	1,980
Building and improvements initial cost	12,501
Adjustments and costs subsequent to acquisition	344
Gross carrying amount	'
Land	1,980
Building and improvements	12,845
Total	14,825
Accumulated depreciation	2,642
0561 Dallas, TX	'
Real Estate and Accumulated Depreciation	'
Debt	2,032
Land initial cost	337
Building and improvements initial cost	2,216
Adjustments and costs subsequent to acquisition	483
Gross carrying amount	'
Land	337
Building and improvements	2,699
Total	3,036
Accumulated depreciation	729
0629 Dallas, TX	'
Real Estate and Accumulated Depreciation	'
Debt	5,306
Land initial cost	921
Building and improvements initial cost	7,656
Adjustments and costs subsequent to acquisition	64
Gross carrying amount	'
Land	921
Building and improvements	7,720
Total	8,641
Accumulated depreciation	289
1307 Dallas, TX	'
Real Estate and Accumulated Depreciation	'
Debt	10,770
Land initial cost	4,432
Building and improvements initial cost	6,181
Adjustments and costs subsequent to acquisition	1,115
Gross carrying amount	'
Land	4,432
Building and improvements	7,296
Total	11,728
Accumulated depreciation	1,768
1497 Dallas, TX	'
Real Estate and Accumulated Depreciation	'
Debt	3,926
Land initial cost	2,542
Building and improvements initial cost	3,274
Adjustments and costs subsequent to acquisition	196
Gross carrying amount	'
Land	2,542
Building and improvements	3,470
Total	6,012
Accumulated depreciation	131
0795 Euless, TX	'
Real Estate and Accumulated Depreciation	'
Debt	2,915
Land initial cost	671
Building and improvements initial cost	3,213
Adjustments and costs subsequent to acquisition	624
Gross carrying amount	'
Land	671
Building and improvements	3,837
Total	4,508
Accumulated depreciation	331
8081 Euless, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,374
Building and improvements initial cost	5,636
Adjustments and costs subsequent to acquisition	61
Gross carrying amount	'
Land	1,374
Building and improvements	5,697
Total	7,071
Accumulated depreciation	92
1309 Fort Worth, TX	'
Real Estate and Accumulated Depreciation	'
Debt	4,775
Land initial cost	631
Building and improvements initial cost	5,794
Adjustments and costs subsequent to acquisition	272
Gross carrying amount	'
Land	631
Building and improvements	6,066
Total	6,697
Accumulated depreciation	1,551
1551 Fort Worth, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	3,158
Building and improvements initial cost	2,512
Adjustments and costs subsequent to acquisition	5
Gross carrying amount	'
Land	3,158
Building and improvements	2,517
Total	5,675
Accumulated depreciation	8
1559 Fort Worth, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,033
Building and improvements initial cost	2,495
Gross carrying amount	'
Land	2,033
Building and improvements	2,495
Total	4,528
Accumulated depreciation	3
1549 Garland, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,424
Building and improvements initial cost	2,209
Gross carrying amount	'
Land	1,424
Building and improvements	2,209
Total	3,633
Accumulated depreciation	7
1312 Grand Prairie, TX	'
Real Estate and Accumulated Depreciation	'
Debt	2,391
Land initial cost	551
Building and improvements initial cost	2,330
Adjustments and costs subsequent to acquisition	310
Gross carrying amount	'
Land	551
Building and improvements	2,640
Total	3,191
Accumulated depreciation	697
1496 Grand Prairie, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,327
Building and improvements initial cost	1,551
Adjustments and costs subsequent to acquisition	161
Gross carrying amount	'
Land	2,327
Building and improvements	1,712
Total	4,039
Accumulated depreciation	65
0466 Houston, TX	'
Real Estate and Accumulated Depreciation	'
Debt	3,241
Land initial cost	1,828
Building and improvements initial cost	4,196
Adjustments and costs subsequent to acquisition	181
Gross carrying amount	'
Land	2,017
Building and improvements	4,188
Total	6,205
Accumulated depreciation	394
0584 Houston, TX	'
Real Estate and Accumulated Depreciation	'
Debt	8,874
Land initial cost	2,596
Building and improvements initial cost	8,735
Adjustments and costs subsequent to acquisition	397
Gross carrying amount	'
Land	2,596
Building and improvements	9,132
Total	11,728
Accumulated depreciation	1,874
1457 Houston, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	402
Building and improvements initial cost	1,870
Adjustments and costs subsequent to acquisition	181
Gross carrying amount	'
Land	402
Building and improvements	2,051
Total	2,453
Accumulated depreciation	182
1490 Houston, TX	'
Real Estate and Accumulated Depreciation	'
Debt	6,001
Land initial cost	1,036
Building and improvements initial cost	8,133
Adjustments and costs subsequent to acquisition	84
Gross carrying amount	'
Land	1,036
Building and improvements	8,217
Total	9,253
Accumulated depreciation	405
1550 Killeen, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,207
Building and improvements initial cost	1,688
Gross carrying amount	'
Land	1,207
Building and improvements	1,688
Total	2,895
Accumulated depreciation	5
1456 La Porte, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,608
Building and improvements initial cost	2,351
Adjustments and costs subsequent to acquisition	273
Gross carrying amount	'
Land	1,608
Building and improvements	2,624
Total	4,232
Accumulated depreciation	254
0473 Plano, TX	'
Real Estate and Accumulated Depreciation	'
Debt	3,145
Land initial cost	2,259
Building and improvements initial cost	4,780
Adjustments and costs subsequent to acquisition	70
Gross carrying amount	'
Land	2,752
Building and improvements	4,357
Total	7,109
Accumulated depreciation	417
1364 Plano, TX	'
Real Estate and Accumulated Depreciation	'
Debt	5,271
Land initial cost	1,010
Building and improvements initial cost	6,203
Adjustments and costs subsequent to acquisition	335
Gross carrying amount	'
Land	1,010
Building and improvements	6,538
Total	7,548
Accumulated depreciation	1,257
1365 Plano, TX	'
Real Estate and Accumulated Depreciation	'
Debt	4,580
Land initial cost	614
Building and improvements initial cost	3,775
Adjustments and costs subsequent to acquisition	258
Gross carrying amount	'
Land	614
Building and improvements	4,033
Total	4,647
Accumulated depreciation	810
1357 Rowlett, TX	'
Real Estate and Accumulated Depreciation	'
Debt	2,185
Land initial cost	1,002
Building and improvements initial cost	2,601
Adjustments and costs subsequent to acquisition	342
Gross carrying amount	'
Land	1,002
Building and improvements	2,943
Total	3,945
Accumulated depreciation	639
1306 San Antonio, TX	'
Real Estate and Accumulated Depreciation	'
Debt	2,569
Land initial cost	1,269
Building and improvements initial cost	1,816
Adjustments and costs subsequent to acquisition	603
Gross carrying amount	'
Land	1,269
Building and improvements	2,419
Total	3,688
Accumulated depreciation	727
1326 San Antonio, TX	'
Real Estate and Accumulated Depreciation	'
Debt	2,511
Land initial cost	253
Building and improvements initial cost	1,496
Adjustments and costs subsequent to acquisition	159
Gross carrying amount	'
Land	253
Building and improvements	1,655
Total	1,908
Accumulated depreciation	458
1387 San Antonio, TX	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,471
Building and improvements initial cost	3,556
Adjustments and costs subsequent to acquisition	-194
Gross carrying amount	'
Land	2,471
Building and improvements	3,362
Total	5,833
Accumulated depreciation	597
0521 South Houston, TX	'
Real Estate and Accumulated Depreciation	'
Debt	3,331
Land initial cost	478
Building and improvements initial cost	4,069
Adjustments and costs subsequent to acquisition	772
Gross carrying amount	'
Land	478
Building and improvements	4,841
Total	5,319
Accumulated depreciation	1,105
0306 Spring, TX	'
Real Estate and Accumulated Depreciation	'
Debt	3,310
Land initial cost	506
Building and improvements initial cost	5,096
Adjustments and costs subsequent to acquisition	117
Gross carrying amount	'
Land	506
Building and improvements	5,213
Total	5,719
Accumulated depreciation	203
8246 Spring, TX	'
Real Estate and Accumulated Depreciation	'
Debt	1,943
Land initial cost	978
Building and improvements initial cost	1,347
Adjustments and costs subsequent to acquisition	158
Gross carrying amount	'
Land	978
Building and improvements	1,505
Total	2,483
Accumulated depreciation	99
1006 Kearns, UT	'
Real Estate and Accumulated Depreciation	'
Land initial cost	642
Building and improvements initial cost	2,607
Adjustments and costs subsequent to acquisition	346
Gross carrying amount	'
Land	642
Building and improvements	2,953
Total	3,595
Accumulated depreciation	810
1454 Murray, UT	'
Real Estate and Accumulated Depreciation	'
Land initial cost	571
Building and improvements initial cost	986
Adjustments and costs subsequent to acquisition	2,081
Gross carrying amount	'
Land	571
Building and improvements	3,067
Total	3,638
Accumulated depreciation	182
0792 Orem, UT	'
Real Estate and Accumulated Depreciation	'
Debt	2,099
Land initial cost	841
Building and improvements initial cost	2,335
Adjustments and costs subsequent to acquisition	172
Gross carrying amount	'
Land	841
Building and improvements	2,507
Total	3,348
Accumulated depreciation	183
8002 Salt Lake City, UT	'
Real Estate and Accumulated Depreciation	'
Debt	3,052
Land initial cost	986
Building and improvements initial cost	3,455
Adjustments and costs subsequent to acquisition	162
Gross carrying amount	'
Land	986
Building and improvements	3,617
Total	4,603
Accumulated depreciation	314
0132 Sandy, UT	'
Real Estate and Accumulated Depreciation	'
Debt	5,583
Land initial cost	1,349
Building and improvements initial cost	4,372
Adjustments and costs subsequent to acquisition	450
Gross carrying amount	'
Land	1,349
Building and improvements	4,822
Total	6,171
Accumulated depreciation	1,158
8149 Sandy, UT	'
Real Estate and Accumulated Depreciation	'
Land initial cost	2,063
Building and improvements initial cost	5,202
Adjustments and costs subsequent to acquisition	7
Gross carrying amount	'
Land	2,063
Building and improvements	5,209
Total	7,272
Accumulated depreciation	173
1455 West Jordan, UT	'
Real Estate and Accumulated Depreciation	'
Debt	2,123
Land initial cost	735
Building and improvements initial cost	2,146
Adjustments and costs subsequent to acquisition	347
Gross carrying amount	'
Land	735
Building and improvements	2,493
Total	3,228
Accumulated depreciation	218
0230 West Valley City, UT	'
Real Estate and Accumulated Depreciation	'
Debt	2,845
Land initial cost	461
Building and improvements initial cost	1,722
Adjustments and costs subsequent to acquisition	163
Gross carrying amount	'
Land	461
Building and improvements	1,885
Total	2,346
Accumulated depreciation	482
0467 Alexandria, VA	'
Real Estate and Accumulated Depreciation	'
Debt	13,563
Land initial cost	5,029
Building and improvements initial cost	18,943
Adjustments and costs subsequent to acquisition	44
Gross carrying amount	'
Land	5,029
Building and improvements	18,987
Total	24,016
Accumulated depreciation	713
1380 Alexandria, VA	'
Real Estate and Accumulated Depreciation	'
Debt	5,698
Land initial cost	1,620
Building and improvements initial cost	13,103
Adjustments and costs subsequent to acquisition	567
Gross carrying amount	'
Land	1,623
Building and improvements	13,667
Total	15,290
Accumulated depreciation	2,650
1452 Arlington, VA	'
Real Estate and Accumulated Depreciation	'
Building and improvements initial cost	4,802
Adjustments and costs subsequent to acquisition	144
Gross carrying amount	'
Building and improvements	4,946
Total	4,946
Accumulated depreciation	1,339
0707 Burke, VA	'
Real Estate and Accumulated Depreciation	'
Debt	4,861
Land initial cost	4,520
Building and improvements initial cost	13,916
Adjustments and costs subsequent to acquisition	445
Gross carrying amount	'
Land	11,534
Building and improvements	7,347
Total	18,881
Accumulated depreciation	890
0717 Dumfries, VA	'
Real Estate and Accumulated Depreciation	'
Debt	5,264
Land initial cost	932
Building and improvements initial cost	9,349
Adjustments and costs subsequent to acquisition	157
Gross carrying amount	'
Land	932
Building and improvements	9,506
Total	10,438
Accumulated depreciation	667
0678 Falls Church, VA	'
Real Estate and Accumulated Depreciation	'
Debt	5,909
Land initial cost	1,259
Building and improvements initial cost	6,975
Adjustments and costs subsequent to acquisition	397
Gross carrying amount	'
Land	1,259
Building and improvements	7,372
Total	8,631
Accumulated depreciation	1,747
0828 Falls Church, VA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	5,703
Building and improvements initial cost	13,307
Adjustments and costs subsequent to acquisition	112
Gross carrying amount	'
Land	5,703
Building and improvements	13,419
Total	19,122
Accumulated depreciation	388
0327 Fredericksburg, VA	'
Real Estate and Accumulated Depreciation	'
Debt	4,339
Land initial cost	2,128
Building and improvements initial cost	5,398
Adjustments and costs subsequent to acquisition	47
Gross carrying amount	'
Land	2,128
Building and improvements	5,445
Total	7,573
Accumulated depreciation	204
0824 Fredericksburg, VA	'
Real Estate and Accumulated Depreciation	'
Land initial cost	1,438
Building and improvements initial cost	2,459
Adjustments and costs subsequent to acquisition	115
Gross carrying amount	'
Land	1,438
Building and improvements	2,574
Total	4,012
Accumulated depreciation	75
1325 Richmond, VA	'
Real Estate and Accumulated Depreciation	'
Debt	4,582
Land initial cost	2,305
Building and improvements initial cost	5,467
Adjustments and costs subsequent to acquisition	315
Gross carrying amount	'
Land	2,305
Building and improvements	5,782
Total	8,087
Accumulated depreciation	1,409
0764 Stafford, VA	'
Real Estate and Accumulated Depreciation	'
Debt	4,437
Land initial cost	2,076
Building and improvements initial cost	5,175
Adjustments and costs subsequent to acquisition	77
Gross carrying amount	'
Land	2,076
Building and improvements	5,252
Total	7,328
Accumulated depreciation	688
1498 Stafford, VA	'
Real Estate and Accumulated Depreciation	'
Debt	4,445
Land initial cost	1,172
Building and improvements initial cost	5,562
Adjustments and costs subsequent to acquisition	110
Gross carrying amount	'
Land	1,172
Building and improvements	5,672
Total	6,844
Accumulated depreciation	192
1341 Lakewood, WA	'
Real Estate and Accumulated Depreciation	'
Debt	4,474
Land initial cost	1,917
Building and improvements initial cost	5,256
Adjustments and costs subsequent to acquisition	199
Gross carrying amount	'
Land	1,917
Building and improvements	5,455
Total	7,372
Accumulated depreciation	1,159
1342 Lakewood, WA	'
Real Estate and Accumulated Depreciation	'
Debt	4,471
Land initial cost	1,389
Building and improvements initial cost	4,780
Adjustments and costs subsequent to acquisition	290
Gross carrying amount	'
Land	1,389
Building and improvements	5,070
Total	6,459
Accumulated depreciation	1,083
0643 Seattle, WA	'
Real Estate and Accumulated Depreciation	'
Debt	7,379
Land initial cost	2,727
Building and improvements initial cost	7,241
Adjustments and costs subsequent to acquisition	224
Gross carrying amount	'
Land	2,727
Building and improvements	7,465
Total	10,192
Accumulated depreciation	1,737
1343 Tacoma, WA	'
Real Estate and Accumulated Depreciation	'
Debt	3,502
Land initial cost	1,031
Building and improvements initial cost	3,103
Adjustments and costs subsequent to acquisition	143
Gross carrying amount	'
Land	1,031
Building and improvements	3,246
Total	4,277
Accumulated depreciation	721
0285 Vancouver, WA	'
Real Estate and Accumulated Depreciation	'
Debt	3,132
Land initial cost	709
Building and improvements initial cost	4,280
Adjustments and costs subsequent to acquisition	55
Gross carrying amount	'
Land	709
Building and improvements	4,335
Total	5,044
Accumulated depreciation	$164

Schedule_III_Real_Estate_and_A2

Schedule III Real Estate and Accumulated Depreciation (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Activity in real estate	'	'	'
Balance at end of year	$4,126,648	$3,379,512	'
Activity in accumulated depreciation	'	'	'
Balance at end of year	496,754	391,928	'
Net real estate assets	3,636,544	2,991,722	2,263,795
Aggregate cost of real estate for U.S. federal income tax purposes	3,679,606	'	'
Operating facilities	'	'	'
Activity in real estate	'	'	'
Balance at beginning of year	3,379,512	2,573,731	2,198,361
Acquisitions	711,710	761,977	301,531
Improvements	37,949	34,964	39,352
Transfers	3,643	8,957	34,777
Dispositions and other	-6,166	-117	-290
Balance at end of year	4,126,648	3,379,512	2,573,731
Activity in accumulated depreciation	'	'	'
Balance at beginning of year	391,928	319,302	263,042
Depreciation expense	104,963	72,626	56,702
Dispositions and other	-137	'	-442
Balance at end of year	496,754	391,928	319,302
Real estate under development/redevelopment	'	'	'
Activity in real estate	'	'	'
Balance at beginning of year	4,138	9,366	37,083
Current development	6,466	3,759	7,060
Transfers	-3,954	-8,987	-34,777
Balance at end of year	$6,650	$4,138	$9,366