Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Feb. 18, 2015 | Jun. 30, 2014 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | EXR | ||
Entity Registrant Name | Extra Space Storage Inc. | ||
Entity Central Index Key | 1289490 | ||
Current Fiscal Year End Date | -19 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 116,393,006 | ||
Entity Public Float | $5,891,902,482 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Assets: | ||
Real estate assets, net | $4,135,696 | $3,636,544 |
Investments in unconsolidated real estate ventures | 85,711 | 88,125 |
Cash and cash equivalents | 47,663 | 126,723 |
Restricted cash | 25,245 | 21,451 |
Receivables from related parties and affiliated real estate joint ventures | 11,778 | 7,542 |
Other assets, net | 96,014 | 96,755 |
Total assets | 4,402,107 | 3,977,140 |
Liabilities, Noncontrolling Interests and Equity: | ||
Notes payable | 1,872,067 | 1,588,596 |
Premium on notes payable | 3,281 | 4,948 |
Exchangeable senior notes | 250,000 | 250,000 |
Discount on exchangeable senior notes | -13,054 | -16,487 |
Notes payable to trusts | 119,590 | 119,590 |
Lines of credit | 138,000 | |
Accounts payable and accrued expenses | 65,521 | 60,601 |
Other liabilities | 54,719 | 37,997 |
Total liabilities | 2,490,124 | 2,045,245 |
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 | 0 | |
Common stock, $0.01 par value, 500,000,000 shares authorized, 116,360,239 and 115,755,527 shares issued and outstanding at December 31, 2014 and December 31, 2013, respectively | 1,163 | 1,157 |
Paid-in capital | 1,995,484 | 1,973,159 |
Accumulated other comprehensive income (loss) | -1,484 | 10,156 |
Accumulated deficit | -257,738 | -226,002 |
Total Extra Space Storage Inc. stockholders' equity | 1,737,425 | 1,758,470 |
Noncontrolling interest represented by Preferred Operating Partnership units, net of $120,230 notes receivable | 81,152 | 80,947 |
Noncontrolling interests in Operating Partnership | 92,422 | 91,453 |
Other noncontrolling interests | 984 | 1,025 |
Total noncontrolling interests and equity | 1,911,983 | 1,931,895 |
Total liabilities, noncontrolling interests and equity | $4,402,107 | $3,977,140 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $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 | $0.01 | $0.01 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 116,360,239 | 115,755,527 |
Common stock, shares outstanding | 116,360,239 | 115,755,527 |
Note receivable from noncontrolling interest represented by Preferred Operating Partnership units | $120,230 | $120,230 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Revenues: | |||
Property rental | $559,868 | $446,682 | $346,874 |
Tenant reinsurance | 59,072 | 47,317 | 36,816 |
Management fees | 28,215 | 26,614 | 25,706 |
Total revenues | 647,155 | 520,613 | 409,396 |
Expenses: | |||
Property operations | 172,416 | 140,012 | 114,028 |
Tenant reinsurance | 10,427 | 9,022 | 7,869 |
Acquisition related costs | 9,826 | 8,618 | 5,351 |
General and administrative | 60,942 | 54,246 | 50,454 |
Depreciation and amortization | 115,076 | 95,232 | 74,453 |
Total expenses | 368,687 | 307,130 | 252,155 |
Income from operations | 278,468 | 213,483 | 157,241 |
Gain (loss) on sale of real estate and earnout from prior acquisitions | -10,285 | 960 | |
Property casualty loss, net | -1,724 | ||
Loss on extinguishment of debt related to portfolio acquisition | -9,153 | ||
Interest expense | -81,330 | -71,630 | -71,850 |
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes | -2,683 | -1,404 | -444 |
Interest income | 1,607 | 749 | 1,816 |
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 | 188,903 | 137,855 | 91,613 |
Equity in earnings of unconsolidated real estate ventures | 10,541 | 11,653 | 10,859 |
Equity in earnings of unconsolidated real estate ventures-gain on sale of real estate assets and purchase of joint venture partners' interests | 4,022 | 46,032 | 30,630 |
Income tax expense | -7,570 | -9,984 | -5,413 |
Net income | 195,896 | 185,556 | 127,689 |
Net income allocated to Preferred Operating Partnership noncontrolling interests | -10,991 | -8,006 | -6,876 |
Net income allocated to Operating Partnership and other noncontrolling interests | -6,550 | -5,474 | -3,504 |
Net income attributable to common stockholders | $178,355 | $172,076 | $117,309 |
Earnings per common share | |||
Basic | $1.54 | $1.54 | $1.15 |
Diluted | $1.53 | $1.53 | $1.14 |
Weighted average number of shares | |||
Basic | 115,713,807 | 111,349,361 | 101,766,385 |
Diluted | 121,435,267 | 113,105,094 | 103,767,365 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Statement of Comprehensive Income [Abstract] | |||
Net income | $195,896 | $185,556 | $127,689 |
Other comprehensive income (loss): | |||
Change in fair value of interest rate swaps | -12,061 | 25,335 | -6,587 |
Total comprehensive income | 183,835 | 210,891 | 121,102 |
Less: comprehensive income attributable to noncontrolling interests | 17,120 | 14,386 | 10,130 |
Comprehensive income attributable to common stockholders | $166,715 | $196,505 | $110,972 |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Series A Preferred Operating Partnership [Member] | Series B Preferred Operating Partnership [Member] | Series C Preferred Operating Partnership [Member] | Series D Preferred Operating Partnership [Member] | Common Operating Partnership [Member] | Other [Member] | Par Value [Member] | Paid-in Capital [Member] | Accumulated Other Comprehensive Income [Member] | Accumulated Deficit [Member] |
In Thousands, except Share data | |||||||||||
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 | ||||||||||
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 | 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 | |||||||||
New issuance of Operating Partnership units | 429 | 429 | |||||||||
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 | ||||||||||
Redemption of Operating Partnership units for cash | -155 | -155 | |||||||||
Net income | 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 $0.85, $1.45, and $1.81 per share for the years ended December 31, 2012, 2013 and 2014 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 | ||||||||||
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 | 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 | |||||||||
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 store acquisitions | 119,216 | 33,568 | 17,177 | 68,471 | |||||||
Redemption of Operating Partnership units for common stock | -260 | 260 | |||||||||
Redemption of Operating Partnership units for common stock (in shares) | 12,500 | ||||||||||
Redemption of Operating Partnership units for cash | -41 | -41 | |||||||||
Net income | 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 $0.85, $1.45, and $1.81 per share for the years ended December 31, 2012, 2013 and 2014 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 | |||||||||
Issuance of common stock upon the exercise of options | 3,095 | 2 | 3,093 | ||||||||
Issuance of common stock upon the exercise of options (in shares) | 211,747 | 211,747 | |||||||||
Restricted stock grants issued | 1 | 1 | |||||||||
Restricted stock grants issued (in shares) | 117,370 | ||||||||||
Restricted stock grants cancelled (in shares) | -23,595 | ||||||||||
Compensation expense related to stock-based awards | 4,984 | 4,984 | |||||||||
Issuance of Operating Partnership units in conjunction with store acquisitions | 38,809 | 8,334 | 13,783 | 13,710 | 2,982 | ||||||
Redemption of Operating Partnership units for common stock | -10,240 | -398 | 3 | 10,635 | |||||||
Redemption of Operating Partnership units for common stock (in shares) | 299,190 | ||||||||||
Redemption of Operating Partnership units for cash | -4,794 | -4,794 | |||||||||
Issurance of note receivable to Series C unit holders | -20,230 | -20,230 | |||||||||
Net income | 195,896 | 7,036 | 2,387 | 1,551 | 17 | 6,538 | 12 | 178,355 | |||
Other comprehensive income (loss) | -12,061 | -74 | -347 | -11,640 | |||||||
Tax effect from vesting of restricted stock grants and stock option exercises | 3,613 | 3,613 | |||||||||
Distributions to Operating Partnership units held by noncontrolling interests | -19,081 | -7,321 | -2,386 | -1,551 | -17 | -7,806 | |||||
Distributions to other noncontrolling interests | -53 | -53 | |||||||||
Dividends paid on common stock at $0.85, $1.45, and $1.81 per share for the years ended December 31, 2012, 2013 and 2014 respectively | -210,091 | -210,091 | |||||||||
Balances at Dec. 31, 2014 | $1,911,983 | $14,809 | $41,903 | $10,730 | $13,710 | $92,422 | $984 | $1,163 | $1,995,484 | ($1,484) | ($257,738) |
Balances (in shares) at Dec. 31, 2014 | 116,360,239 | 116,360,239 |
Consolidated_Statements_of_Sto1
Consolidated Statements of Stockholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Statement of Stockholders' Equity [Abstract] | |||
Dividends paid on common stock, per share | $1.81 | $1.45 | $0.85 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Cash flows from operating activities: | |||
Net income | $195,896 | $185,556 | $127,689 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 115,076 | 95,232 | 74,453 |
Amortization of deferred financing costs | 6,592 | 5,997 | 5,889 |
Loss on earnout related to prior acquisition | 2,500 | ||
Property casualty loss | 1,724 | ||
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 equity component of exchangeable senior notes | 2,683 | 1,404 | 444 |
Non-cash interest benefit related to amortization of premium on notes payable | -3,079 | -1,194 | -1,270 |
Compensation expense related to stock-based awards | 4,984 | 4,819 | 4,356 |
Gain on purchase of joint venture partners' interests | -3,438 | -46,032 | -23,670 |
Distributions from unconsolidated real estate ventures in excess of earnings | 4,510 | 4,838 | 2,581 |
Changes in operating assets and liabilities: | |||
Receivables from related parties and affiliated real estate joint ventures | 71 | 1,277 | 7,439 |
Other assets | -1,498 | 8,725 | 8,746 |
Accounts payable and accrued expenses | 4,920 | 8,302 | 7,220 |
Other liabilities | 6,640 | -5,858 | 2,002 |
Net cash provided by operating activities | 337,581 | 271,259 | 215,879 |
Cash flows from investing activities: | |||
Acquisition of real estate assets | -503,538 | -349,959 | -601,727 |
Development and redevelopment of real estate assets | -23,528 | -6,466 | -3,759 |
Proceeds from sale of real estate assets | 6,964 | ||
Investments in unconsolidated real estate ventures | -1,516 | -1,423 | |
Return of investment in unconsolidated real estate ventures | 2,421 | ||
Change in restricted cash | -3,794 | -4,475 | 8,792 |
Issuance of notes receivable | -29,258 | -5,000 | -7,875 |
Purchase of equipment and fixtures | -4,830 | -6,524 | -3,367 |
Net cash used in investing activities | -564,948 | -366,976 | -606,938 |
Cash flows from financing activities: | |||
Proceeds from the sale of common stock, net of offering costs | 205,988 | 429,588 | |
Net proceeds from the issuance of exchangeable senior notes | 246,250 | ||
Proceeds from notes payable and lines of credit | 917,664 | 582,185 | 1,074,263 |
Principal payments on notes payable and lines of credit | -533,128 | -664,372 | -921,831 |
Deferred financing costs | -5,305 | -7,975 | -11,607 |
Repurchase of exchangeable senior notes | -87,663 | ||
Redemption of Operating Partnership units held by noncontrolling interest | -4,794 | -41 | -155 |
Net proceeds from exercise of stock options | 3,095 | 5,896 | 10,267 |
Dividends paid on common stock | -210,091 | -163,014 | -88,287 |
Distributions to noncontrolling interests | -19,134 | -13,262 | -9,215 |
Net cash provided by financing activities | 148,307 | 191,655 | 395,360 |
Net (decrease) increase in cash and cash equivalents | -79,060 | 95,938 | 4,301 |
Cash and cash equivalents, beginning of the period | 126,723 | 30,785 | 26,484 |
Cash and cash equivalents, end of the period | 47,663 | 126,723 | 30,785 |
Supplemental schedule of cash flow information | |||
Interest paid | 75,218 | 66,705 | 65,687 |
Income taxes paid | 3,418 | 1,916 | 831 |
Redemption of Operating Partnership units held by noncontrolling interests for common stock | |||
Noncontrolling interests in Operating Partnership | 10,638 | 260 | 2,479 |
Common stock and paid-in capital | -10,638 | -260 | -2,479 |
Tax effect from vesting of restricted stock grants and option exercises | |||
Other assets | 3,613 | 3,193 | 3,476 |
Paid-in capital | -3,613 | -3,193 | -3,476 |
Acquisitions of real estate assets | |||
Real estate assets, net | 77,156 | 331,230 | 159,297 |
Notes payable assumed | -38,347 | -110,803 | -150,284 |
Notes payable assumed and immediately defeased | -98,960 | ||
Notes payable issued to seller | -8,584 | ||
Value of Operating Partnership units issued | -38,809 | -119,216 | -429 |
Receivables from related parties and affiliated real estate joint ventures | ($2,251) |
Description_of_Business
Description of Business | 12 Months Ended | |
Dec. 31, 2014 | ||
Accounting Policies [Abstract] | ||
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 properties 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 stores 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 stores by acquiring wholly-owned stores or by acquiring an equity interest in real estate entities. At December 31, 2014, the Company had direct and indirect equity interests in 828 storage facilities. In addition, the Company managed 260 stores for third parties bringing the total number of stores which it owns and/or manages to 1,088. These stores 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 stores in which we have an ownership interest. No single tenant accounts for more than 5.0% of rental income. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company’s stores. The Company’s property management, acquisition and development activities include managing, acquiring, developing and selling stores. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | |||||||||||||||||
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 anon-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 GAAP 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 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 observablemarket-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, 2014, 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, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall. | |||||||||||||||||
Fair Value Measurements at Reporting Date Using | |||||||||||||||||
Description | December 31, 2014 | Quoted Prices in Active | Significant Other | Significant | |||||||||||||
Markets for Identical | Observable Inputs | Unobservable Inputs | |||||||||||||||
Assets (Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Other assets—Cash Flow Hedge Swap Agreements | $ | 3,583 | $ | — | $ | 3,583 | $ | — | |||||||||
Other liabilities—Cash Flow Hedge Swap Agreements | $ | (3,533 | ) | $ | — | $ | (3,533 | ) | $ | — | |||||||
There were no transfers of assets and liabilities between Level 1 and Level 2 during the year ended December 31, 2014. 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, 2014 or 2013. | |||||||||||||||||
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 store at least annually to determine if any such events or circumstances have occurred or exist. The Company focuses on stores where occupancy and/or rental income have decreased by a significant amount. For these stores, the Company determines whether the decrease is temporary or permanent and whether the store will likely recover the lost occupancy and/or revenue in the short term. In addition, the Company reviews stores 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, 2014 and 2013, 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-ratenotes payable, lines of credit and other liabilities reflected in the consolidated balance sheets at December 31, 2014 and 2013, approximate fair value. | |||||||||||||||||
The fair values of the Company’s notes receivable from Preferred Operating Partnership unit holders was based on the discounted estimated future cash flow of the notes (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, 2014 | December 31, 2013 | ||||||||||||||||
Fair | Carrying | Fair | Carrying | ||||||||||||||
Value | Value | Value | Value | ||||||||||||||
Notes receivable from Preferred Operating Partnership unit holders | $ | 126,380 | $ | 120,230 | $ | 103,491 | $ | 100,000 | |||||||||
Fixed rate notes payable and notes payable to trusts | $ | 1,320,370 | $ | 1,283,893 | $ | 1,365,290 | $ | 1,368,885 | |||||||||
Exchangeable senior notes | $ | 276,095 | $ | 250,000 | $ | 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. | |||||||||||||||||
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 stores, 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 stores 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 stores 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, notes receivable, 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 stores due to changes in rental rates, interest rates or other market factors affecting the value of stores 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 shares 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 astraight-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, 2014, the average insurance coverage for tenants was approximately $2,540. 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 $8,370, $6,482, and $6,026 in advertising expense for the years ended December 31, 2014, 2013 and 2012, 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, 2014, 0.0% (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-ownedsubsidiary 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, 2014 and 2013, 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, 2014 and 2013, 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 using the two-class method by dividing net income attributable to common stockholders by the weighted average number of common 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. 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 common shares that would have been outstanding if the potential common shares that were dilutive had been issued, and is calculated using either the two-class, treasury stock or as if-converted method, whichever is most dilutive. Potential common shares are securities (such as options, convertible debt, Series A Participating Redeemable Preferred Units (“Series A Units”), Series B Redeemable Preferred Units (“Series B Units”), Series C Convertible Redeemable Preferred Units (“Series C Units”), Series D Redeemable Preferred Units (“Series D Units”) and common Operating Partnership units (“OP Units”)) that do not have a current right to participate in earnings of the Company but could do so in the future by virtue of their option, redemption or conversion 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 common share) are included. For the years ended December 31, 2014, 2013 and 2012, options to purchase approximately 27,374 shares, 44,958 shares and 57,335 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, 2014, 764,385 Series B Units, 489,366 Series C Units and 6,492 Series D Units 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 33,302 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, 2,755,650 OP Units were excluded from the computation of earnings per share as their effect would have beenanti-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, 2014. 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 $55.62 per share as of December 31, 2014, 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, 2014, 130,883 shares related to the Notes due 2033 were included in the computation for diluted earnings per share. 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 exchange price exceeded the per share price of the Company’s common stock during this period. | |||||||||||||||||
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, 2014 of $41,902 by the closing price of the Company’s common stock as of December 31, 2014 of $58.64 per share. Assuming full exchange for common shares as of December 31, 2014, 714,566 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, 2014 of $29,639 by the closing price of the Company’s common stock as of December 31, 2014 of $58.64 per share. Assuming full exchange for common shares as of December 31, 2014, 505,441 shares would have been issued to the holders of the Series C Units. | |||||||||||||||||
For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series D 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 D Units outstanding as of December 31, 2014 of $13,710 by the closing price of the Company’s common stock as of December 31, 2014 of $58.64 per share. Assuming full exchange for common shares as of December 31, 2014, 233,795 shares would have been issued to the holders of Series D Units. | |||||||||||||||||
The computation of earnings per share is as follows for the periods presented: | |||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Net income attributable to common stockholders | $ | 178,355 | $ | 172,076 | $ | 117,309 | |||||||||||
Earnings and dividends allocated to participating securities | (490 | ) | (567 | ) | (279 | ) | |||||||||||
Earnings for basic computations | 177,865 | 171,509 | 117,030 | ||||||||||||||
Earnings and dividends allocated to participating securities | — | 567 | 279 | ||||||||||||||
Income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) and Operating Partnership | 13,575 | 7,255 | 6,876 | ||||||||||||||
Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) | (5,586 | ) | (5,750 | ) | (5,750 | ) | |||||||||||
Net income for diluted computations | $ | 185,854 | $ | 173,581 | $ | 118,435 | |||||||||||
Weighted average common shares outstanding: | |||||||||||||||||
Average number of common shares outstanding—basic | 115,713,807 | 111,349,361 | 101,766,385 | ||||||||||||||
Series A Units | 961,747 | 989,980 | 989,980 | ||||||||||||||
OP Units | 4,335,837 | — | — | ||||||||||||||
Unvested restricted stock awards included for treasury stock method | — | 425,705 | 523,815 | ||||||||||||||
Shares related to exchangeable senior notes and dilutive stock options | 423,876 | 340,048 | 487,185 | ||||||||||||||
Average number of common shares outstanding—diluted | 121,435,267 | 113,105,094 | 103,767,365 | ||||||||||||||
Earnings per common share | |||||||||||||||||
Basic | $ | 1.54 | $ | 1.54 | $ | 1.15 | |||||||||||
Diluted | $ | 1.53 | $ | 1.53 | $ | 1.14 | |||||||||||
Recently Issued Accounting Standards | |||||||||||||||||
In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, “Revenues from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 amends the guidance for revenue recognition to replace numerous, industry-specific requirements and converges areas under this topic with those of the International Financial Reporting Standards. ASU 2014-09 outlines a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. Management is currently assessing the impact of the adoption of ASU 2014-09 on the Company’s consolidated financial statements. |
Real_Estate_Assets
Real Estate Assets | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Real Estate [Abstract] | |||||||||
Real Estate Assets | 3 | REAL ESTATE ASSETS | |||||||
The components of real estate assets are summarized as follows: | |||||||||
December 31, 2014 | December 31, 2013 | ||||||||
Land—operating | $ | 1,132,175 | $ | 1,009,500 | |||||
Land—development | 21,062 | 10,421 | |||||||
Buildings and improvements | 3,487,935 | 3,032,218 | |||||||
Intangible assets—tenant relationships | 72,293 | 65,811 | |||||||
Intangible lease rights | 8,697 | 8,698 | |||||||
4,722,162 | 4,126,648 | ||||||||
Less: accumulated depreciation and amortization | (604,336 | ) | (496,754 | ) | |||||
Net operating real estate assets | 4,117,826 | 3,629,894 | |||||||
Real estate under development/redevelopment | 17,870 | 6,650 | |||||||
Net real estate assets | $ | 4,135,696 | $ | 3,636,544 | |||||
Real estate assets held for sale included in net real estate assets | $ | — | $ | 5,625 | |||||
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 $12,996, $12,065 and $7,177, for the years ended December 31, 2014, 2013 and 2012, respectively. The remaining balance of the unamortized lease rights will be amortized over the next 4 to 47 years. |
Property_Acquisitions_and_Disp
Property Acquisitions and Dispositions | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property Acquisitions and Dispositions | 4 | PROPERTY ACQUISITIONS AND DISPOSITIONS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following table shows the Company’s acquisition of operating stores for the years ended December 31, 2014 and 2013, and does not include purchases of raw land or improvements made to existing assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consideration Paid | Acquisition Date Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property Location | Number | Date of | Total | Cash | Loan | Non-cash | Notes | Previous | Net | Value of | Number | Land | Building | Intangible | Closing | Notes | |||||||||||||||||||||||||||||||||||||||||||||
of | Acquisition | Paid | Assumed | gain | Issued | equity | Liabilities/ | OP Units | of OP | costs - | |||||||||||||||||||||||||||||||||||||||||||||||||||
Stores | to/ | interest | (Assets) | Issued | Units | expensed (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
from | Assumed | Issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Seller | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Florida | 4 | 12/23/14 | $ | 32,954 | $ | 19,122 | $ | — | $ | — | $ | — | $ | — | $ | 122 | $ | 13,710 | 548,390 | $ | 12,502 | $ | 19,640 | $ | 482 | $ | 330 | ||||||||||||||||||||||||||||||||||
New Jersey, Virginia | 5 | 12/18/14 | 47,747 | 42,167 | — | — | — | — | 5,580 | — | — | 4,259 | 42,440 | 688 | 360 | (2 | ) | ||||||||||||||||||||||||||||||||||||||||||||
New York | 1 | 12/11/14 | 20,115 | 20,125 | — | — | — | — | (10 | ) | — | — | 12,085 | 7,665 | — | 365 | (3 | ) | |||||||||||||||||||||||||||||||||||||||||||
North Carolina, South Carolina, Texas | 7 | 12/11/14 | 60,279 | 60,086 | — | — | — | — | 193 | — | — | 19,661 | 36,339 | 876 | 3,403 | (4 | ) | ||||||||||||||||||||||||||||||||||||||||||||
California | 1 | 12/9/14 | 9,298 | 6,300 | — | — | — | — | 15 | 2,983 | 50,620 | 4,508 | 4,599 | 178 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||
Colorado | 1 | 10/24/14 | 6,253 | 6,202 | — | — | — | — | 51 | — | — | 2,077 | 4,087 | 82 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||
Georgia | 1 | 10/22/14 | 11,030 | 11,010 | — | — | — | — | 20 | — | — | 588 | 10,295 | 121 | 26 | ||||||||||||||||||||||||||||||||||||||||||||||
Florida | 1 | 9/3/14 | 4,259 | 4,225 | — | — | — | — | 34 | — | — | 529 | 3,604 | 81 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
Texas | 1 | 8/8/14 | 11,246 | 6,134 | 5,157 | — | — | — | (45 | ) | — | — | 1,047 | 9,969 | 181 | 49 | |||||||||||||||||||||||||||||||||||||||||||||
Georgia | 1 | 8/6/14 | 11,337 | 11,290 | — | — | — | — | 47 | — | — | 1,132 | 10,080 | 111 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||
North Carolina | 1 | 6/18/14 | 7,310 | 7,307 | — | — | — | — | 3 | — | — | 2,940 | 4,265 | 93 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||
California | 1 | 5/28/14 | 17,614 | 294 | 14,079 | — | — | — | (92 | ) | 3,333 | 69,735 | 4,707 | 12,604 | 265 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Washington | 1 | 4/30/14 | 4,388 | 4,388 | — | — | — | — | — | — | — | 437 | 3,808 | 102 | 41 | ||||||||||||||||||||||||||||||||||||||||||||||
California | 3 | 4/25/14 | 35,275 | 2,726 | 19,111 | 3,438 | — | 129 | (580 | ) | 10,451 | 226,285 | 6,853 | 27,666 | 579 | 177 | (5 | ) | |||||||||||||||||||||||||||||||||||||||||||
Florida | 1 | 4/15/14 | 10,186 | 10,077 | — | — | — | — | 109 | — | — | 1,640 | 8,358 | 149 | 39 | ||||||||||||||||||||||||||||||||||||||||||||||
Georgia | 1 | 4/3/14 | 23,649 | 15,158 | — | — | — | — | 157 | 8,334 | 333,360 | 2,961 | 19,819 | 242 | 627 | ||||||||||||||||||||||||||||||||||||||||||||||
Alabama | 1 | 3/20/14 | 13,813 | 13,752 | — | — | — | — | 61 | — | — | 2,381 | 11,224 | 200 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||
Connecticut | 1 | 3/17/14 | 15,138 | 15,169 | — | — | — | — | (31 | ) | — | — | 1,072 | 14,028 | — | 38 | |||||||||||||||||||||||||||||||||||||||||||||
California | 1 | 3/4/14 | 7,000 | 6,974 | — | — | — | — | 26 | — | — | 2,150 | 4,734 | 113 | 3 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Texas | 1 | 2/5/14 | 14,191 | 14,152 | — | — | — | — | 39 | — | — | 1,767 | 12,368 | 38 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||
Virginia | 17 | 1/7/14 | 200,588 | 200,525 | — | — | — | — | 63 | — | — | 53,878 | 142,840 | 2,973 | 897 | ||||||||||||||||||||||||||||||||||||||||||||||
2014 Totals | 52 | $ | 563,670 | $ | 477,183 | $ | 38,347 | $ | 3,438 | $ | — | $ | 129 | $ | 5,762 | $ | 38,811 | 1,228,390 | $ | 139,174 | $ | 410,432 | $ | 7,554 | $ | 6,510 | |||||||||||||||||||||||||||||||||||
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 | (7 | ) | |||||||||||||||||||||||||||||||||||||||||||
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 | (7 | ) | ||||||||||||||||||||||||||||||||||||||||||||
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 | (8 | ) | |||||||||||||||||||||||||||||||||||||||||||
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 | (9 | ) | ||||||||||||||||||||||||||||||||||||||||||||
California | 19 | 8/29/13 | 186,427 | 96,085 | — | — | — | — | 519 | 89,823 | 2,613,728 | 100,446 | 81,830 | 2,997 | 1,154 | (9 | ) | ||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||
-1 | This column represents costs paid at closing. The amounts shown exclude other acquisition costs paid before or after the closing date. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-2 | Included in Net Liabilities/(Assets) Assumed is a $5,400 liability related to an earnout provision. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-3 | This represents the acquisition of a non-operating property that the Company plans to convert to a self-storage store. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-4 | Included in closing costs is approximately $3,271 of defeasance costs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-5 | The Company previously held no equity interest in two of the three properties acquired. The Company acquired its joint venture partner’s 60% interest in an existing joint venture which held one property in California, resulting in full ownership by the Company. Prior to the acquisition date, the Company accounted for its 40% interest in this joint venture as an equity method investment. The total acquisition date fair value of the previous equity interest was approximately $3,567 and is included as consideration transferred. The Company recognized a non-cash gain of $3,438 as a result of remeasuring its prior equity interest in this joint venture held before the acquisition. The three properties were acquired in exchange for approximately $2,726 of cash and 226,285 Series C Units valued at $10,451. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-6 | This property was owned by Spencer F. Kirk, the Company’s Chief Executive Officer, and Kenneth M. Woolley, the Company’s Executive Chairman. The Company acquired the building on March 4, 2014. In a separate transaction on March 5, 2014, the Company acquired the land for $2,150 from a third party unrelated to the Company’s executives and terminated the existing ground lease. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-7 | 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 $9,339 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-8 | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-9 | 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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. As the Company’s interest is now held as a tenant in common, the value of the land was reclassified from land to investment in unconsolidated real estate ventures on the Company’s consolidated balance sheets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
On December 6, 2013, the Company sold a store 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 store in California that resulted from eminent domain. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
On May 16, 2013, the Company sold a store 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 store in Bethesda, Maryland for a cash payment of $3,671. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
As noted above, during the year ended December 31, 2014, the Company acquired 51 operating stores. The following pro forma financial information includes 39 of the 51 operating stores acquired. Twelve stores 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 39 of the stores acquired, and presents the Company’s results as if the acquisitions had occurred as of January 1, 2013: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 659,804 | $ | 550,687 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to common stockholders | 183,643 | 179,792 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings per common share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic | $ | 1.58 | $ | 1.61 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted | $ | 1.57 | $ | 1.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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, 2014: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 25,783 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to common stockholders | $ | 6,671 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Losses on Earnouts from Prior Acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
During 2012, the Company acquired a portfolio of ten stores located in New Jersey and New York. As part of this acquisition, the Company agreed to make an additional cash payment to the sellers if the acquired stores exceeded a specified amount of net rental income two years after the acquisition date. At the acquisition date, the Company believed that it was unlikely that any significant payment would be made as a result of this earnout provision. The rental growth of the stores was significantly higher than expected, resulting in a payment to the sellers of $7,785. This amount is included in gain (loss) on sale of real estate and earnout from prior acquisitions on the Company’s consolidated statements of operations for the year ended December 31, 2014. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
During 2011, the Company acquired a store located in Florida. As part of this acquisition, the Company agreed to make an additional cash payment to the sellers if the acquired store exceeded a specified amount of net rental income for any twelve-month period prior to June 30, 2015. At the acquisition date, $133 was recorded as the estimated amount that would be due, and the Company believed that it was unlikely that any significant additional payment would be made as a result of this earnout provision. Because the rental growth of the stores is trending significantly higher than expected, the Company estimated that an additional earnout payment of $2,500 will be due to the seller. This amount is included in gain (loss) on sale of real estate and earnout from prior acquisitions on the Company’s consolidated statements of operations for the year ended December 31, 2014. |
Investments_in_Unconsolidated_
Investments in Unconsolidated Real Estate Ventures | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||
Investments in Unconsolidated Real Estate Ventures | 5 | INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES | |||||||||||||||||||
Investments in unconsolidated real estate ventures consist of the following: | |||||||||||||||||||||
Equity | Excess Profit | Investment Balance at December 31, | |||||||||||||||||||
Ownership % | Participation % | 2014 | 2013 | ||||||||||||||||||
Extra Space West One LLC (“ESW”) | 5% | 40% | $ | (95 | ) | $ | 138 | ||||||||||||||
Extra Space West Two LLC (“ESW II”) | 5% | 40% | 4,197 | 4,286 | |||||||||||||||||
Extra Space Northern Properties Six LLC (“ESNPS”) | 10% | 35% | (87 | ) | 263 | ||||||||||||||||
Extra Space of Santa Monica LLC (“ESSM”) | 48% | 48% | 1,153 | 2,541 | |||||||||||||||||
Clarendon Storage Associates Limited Partnership (“Clarendon”) | 50% | 50% | 3,148 | 3,155 | |||||||||||||||||
PRISA Self Storage LLC (“PRISA”) | 2% | 17% | 10,520 | 10,737 | |||||||||||||||||
PRISA II Self Storage LLC (“PRISA II”) | 2% | 17% | 9,008 | 9,143 | |||||||||||||||||
VRS Self Storage LLC (“VRS”) | 45% | 54% | 40,363 | 41,810 | |||||||||||||||||
WCOT Self Storage LLC (“WCOT”) | 5% | 20% | 3,972 | 4,145 | |||||||||||||||||
Storage Portfolio I LLC (“SP I”) | 25% | 25-40% | 12,042 | 12,343 | |||||||||||||||||
Other minority owned properties | 18-50% | 19-50% | 1,490 | (436 | ) | ||||||||||||||||
$ | 85,711 | $ | 88,125 | ||||||||||||||||||
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, 2014, there were no previously unconsolidated entities that were required to be consolidated as a result of this review. | |||||||||||||||||||||
Between December 2013 and May 2014, the Company acquired twelve stores located in California from entities associated with Grupe Properties Co. Inc. (“Grupe.”) As part of the Grupe acquisition, the Company acquired its joint venture partners’ 60% to 65% equity interests in six stores. The Company previously held the remaining 35% to 40% interests in these stores through six separate joint ventures with Grupe. Prior to the acquisition, the Company accounted for its interests in these joint ventures as equity-method investments. The Company recognized a non-cash gain of $3,438 during the year ended December 31, 2014 as a result of re-measuring the fair value of its equity interest in one of these joint ventures held before the acquisition. During the year ended December 31, 2014, the Company recorded a gain of $584 as a result of the final cash distributions received from the other five joint ventures associated with the acquisitions that were completed during 2013. The Company recognized non-cash gains of $9,339 during the year ended December 31, 2013 as a result of re-measuring its prior equity interests in five joint ventures held before the acquisition. | |||||||||||||||||||||
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 stores in various states. The stores 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 store 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 store 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 stores. Both stores 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 stores 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 stores 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 store. The store 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. The note receivable was due December 15, 2014, and has been paid in full. | |||||||||||||||||||||
Equity in earnings of unconsolidated real estate ventures consists of the following: | |||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Equity in earnings of ESW | $ | 1,571 | $ | 1,406 | $ | 1,263 | |||||||||||||||
Equity in earnings of ESW II | 102 | 50 | 26 | ||||||||||||||||||
Equity in earnings of ESNPS | 513 | 461 | 382 | ||||||||||||||||||
Equity in earnings of ESSM | 424 | 369 | 314 | ||||||||||||||||||
Equity in earnings of Clarendon | 551 | 516 | 471 | ||||||||||||||||||
Equity in earnings of HSRE-ESP IA, LLC (“HSRE”) | — | 1,428 | 1,298 | ||||||||||||||||||
Equity in earnings of PRISA | 929 | 890 | 821 | ||||||||||||||||||
Equity in earnings of PRISA II | 764 | 703 | 643 | ||||||||||||||||||
Equity in earnings of VRS | 3,510 | 3,464 | 2,849 | ||||||||||||||||||
Equity in earnings of WCOT | 498 | 448 | 370 | ||||||||||||||||||
Equity in earnings of SP I | 1,541 | 1,243 | 1,103 | ||||||||||||||||||
Equity in earnings of other minority owned properties | 138 | 675 | 1,319 | ||||||||||||||||||
$ | 10,541 | $ | 11,653 | $ | 10,859 | ||||||||||||||||
Equity in earnings 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, 2014, is presented below: | |||||||||||||||||||||
Loan Amount | Current | Debt | |||||||||||||||||||
Interest Rate | Maturity | ||||||||||||||||||||
ESNPS—Fixed | $ | 34,500 | 5.27 | % | Jun-15 | ||||||||||||||||
ESW—Fixed | 16,700 | 5 | % | September 2015 | |||||||||||||||||
SP I—Fixed | 91,543 | 4.66 | % | Apr-18 | |||||||||||||||||
Clarendon—Swapped to fixed | 7,888 | 5.93 | % | Sep-18 | |||||||||||||||||
ESW II—Swapped to fixed | 18,924 | 3.57 | % | Feb-19 | |||||||||||||||||
VRS—Swapped to fixed | 52,100 | 3.34 | % | Jul-19 | |||||||||||||||||
WCOT—Swapped to fixed | 87,500 | 3.34 | % | Aug-19 | |||||||||||||||||
ESSM—Variable | 13,878 | 4.19 | % | May-21 | |||||||||||||||||
PRISA | — | — | Unleveraged | ||||||||||||||||||
PRISA II | — | — | Unleveraged | ||||||||||||||||||
Other minority owned properties | 10,296 | Various | Various | ||||||||||||||||||
Combined, condensed unaudited financial information of ESW, ESW II, ESNPS, PRISA, PRISA II, PRISA III, VRS, WCOT and SP I as of December 31, 2014 and 2013, and for the years ended December 31, 2014, 2013 and 2012, follows: | |||||||||||||||||||||
December 31, | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Balance Sheets: | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Net real estate assets | $ | 1,442,755 | $ | 1,474,754 | |||||||||||||||||
Other | 34,636 | 33,642 | |||||||||||||||||||
$ | 1,477,391 | $ | 1,508,396 | ||||||||||||||||||
Liabilities and members’ equity: | |||||||||||||||||||||
Notes payable | $ | 301,267 | $ | 304,121 | |||||||||||||||||
Other liabilities | 23,490 | 22,488 | |||||||||||||||||||
Members’ equity | 1,152,634 | 1,181,787 | |||||||||||||||||||
$ | 1,477,391 | $ | 1,508,396 | ||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||
2014 | 2013 | 2012 (a) | |||||||||||||||||||
Statements of Income: | |||||||||||||||||||||
Rents and other income | $ | 273,231 | $ | 260,487 | $ | 266,222 | |||||||||||||||
Expenses | 153,973 | 149,595 | 164,285 | ||||||||||||||||||
Net income | $ | 119,258 | $ | 110,892 | $ | 101,937 | |||||||||||||||
(a) | The income statement information for the year ended December 31, 2012 includes results from PRISA III and SPB II, which were acquired by the Company during 2012. Balance sheet and income statement information as of December 31, 2013 and 2014 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 store. This joint venture is financed through a combination of (1) equity contributions from the Company and its joint venture partner and (2) 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 mortgage notes payable to the Company. The Company performs management services for the VIE JV in exchange for a management fee of approximately 6.0% of cash collected by the store. The Company completed the purchase of the VIE JV’s mortgage loan on April 3, 2014. The mortgage notes payable were in default as of December 31, 2014. 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’s maximum exposure to loss for this joint venture as of December 31, 2014, is the total of 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 store and land that collateralize the amounts payable to the Company 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, 2014: | |||||||||||||||||||||
Liability | Investment | Amounts | Maximum | Difference | |||||||||||||||||
Balance | Balance | Payable to the | Exposure | ||||||||||||||||||
Company | to Loss | ||||||||||||||||||||
Extra Space of Sacramento One LLC | $ | — | $ | (1,264 | ) | $ | 10,590 | $ | 9,326 | $ | (9,326 | ) | |||||||||
The Company had no consolidated VIEs for the year ended December 31, 2014. |
Other_Assets
Other Assets | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||
Other Assets | 6 | OTHER ASSETS | |||||||
The components of other assets are summarized as follows: | |||||||||
December 31, 2014 | December 31, 2013 | ||||||||
Equipment and fixtures | $ | 24,913 | $ | 21,774 | |||||
Less: accumulated depreciation | (15,183 | ) | (12,805 | ) | |||||
Other intangible assets | 7,130 | 6,460 | |||||||
Deferred financing costs, net | 21,483 | 21,881 | |||||||
Prepaid expenses and deposits | 8,891 | 8,355 | |||||||
Receivables, net | 31,946 | 26,278 | |||||||
Notes receivable | 9,661 | 5,747 | |||||||
Investments in Trusts | 3,590 | 3,590 | |||||||
Income taxes receivable | — | 1,845 | |||||||
Fair value of interest rate swaps | 3,583 | 13,630 | |||||||
$ | 96,014 | $ | 96,755 | ||||||
In September 2014, the Company established a credit facility with an existing partner. Under the credit facility, the Company has agreed to fund a series of loans to a variety of the partner’s subsidiaries, with a total not exceeding $100,000. The loans will be secured by mortgages of stores that are subject to approval by the Company. The loans are expected to close over the next three years, will bear interest at Libor plus 2.55%, and have terms of five years each. The closing of each loan is intended to be accompanied by a simultaneous put/call option agreement, under which the partner’s subsidiaries can require the Company to buy the store, and whereby the Company can require the partner’s subsidiaries to sell the stores. No amounts have been drawn on this credit facility as of December 31, 2014. |
Notes_Payable
Notes Payable | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Debt Disclosure [Abstract] | |||||||||
Notes Payable | 7 | NOTES PAYABLE | |||||||
The components of notes payable are summarized as follows: | |||||||||
December 31, 2014 | December 31, 2013 | ||||||||
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 2015 and February 2023. | $ | 1,164,303 | $ | 1,249,295 | |||||
Variable Rate | |||||||||
Mortgage loans with banks bearing floating interest rates based on LIBOR. Interest rates based on LIBOR are between LIBOR plus 1.65% (1.82% at December 31, 2014 and 1.97% December 31, 2013) and LIBOR plus 2.0% (2.17% at December 31, 2014 and 2.26% 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 May 2015 and March 2021. | 707,764 | 339,301 | |||||||
$ | 1,872,067 | $ | 1,588,596 | ||||||
The following table summarizes the scheduled maturities of notes payable at December 31, 2014: | |||||||||
2015 | $ | 251,466 | |||||||
2016 | 185,732 | ||||||||
2017 | 475,910 | ||||||||
2018 | 127,078 | ||||||||
2019 | 447,012 | ||||||||
Thereafter | 384,869 | ||||||||
$ | 1,872,067 | ||||||||
Certain mortgage and construction loans with variable interest rates are subject to interest rate floors starting at 1.90%. Real estate assets are pledged as collateral for the notes payable. Of the Company’s $1,872,067 in notes payable outstanding at December 31, 2014, $1,207,817 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, 2014. |
Derivatives
Derivatives | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||
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, 2014, 2013 and 2012, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. During 2015, the Company estimates that an additional $7,417 will be reclassified as an increase to interest expense. | |||||||||||||||||
The following table summarizes the terms of the Company’s 19 derivative financial instruments, which have a total combined notional amount of $717,353, as of December 31, 2014: | |||||||||||||||||
Hedge Product | Range of Notional | Strike | Effective Dates | Maturity Dates | |||||||||||||
Amounts | |||||||||||||||||
Swap Agreements | $5,120 – $94,636 | 2.79% – 5.80% | 6/11/2010 – 1/1/2014 | 6/1/2015 – 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, 2014 | December 31, 2013 | ||||||||||||||||
Derivatives designated as hedging instruments: | Balance Sheet | Fair | Balance Sheet | Fair | |||||||||||||
Location | Value | Location | Value | ||||||||||||||
Swap Agreements | Other assets | $ | 3,583 | Other assets | $ | 13,630 | |||||||||||
Swap Agreements | Other liabilities | $ | (3,533 | ) | Other liabilities | $ | (3,684 | ) | |||||||||
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: | |||||||||||||||||
Type | Classification of | For the Year Ended December 31, 2014 | |||||||||||||||
Income (Expense) | 2014 | 2013 | 2012 | ||||||||||||||
Swap Agreements | Interest expense | $ | (8,780 | ) | $ | (8,917 | ) | $ | (6,758 | ) | |||||||
Gain (loss) | Location of amounts | Gain (loss) reclassified | |||||||||||||||
recognized in OCI | reclassified from OCI | from OCI | |||||||||||||||
Type | December 31, 2014 | into income | For the Year Ended | ||||||||||||||
December 31, 2014 | |||||||||||||||||
Swap Agreements | $ | (18,557 | ) | Interest expense | $ | (8,780 | ) | ||||||||||
Gain (loss) | Location of amounts | Gain (loss) reclassified | |||||||||||||||
recognized in OCI | reclassified from OCI | from OCI | |||||||||||||||
Type | December 31, 2013 | into income | For the Year Ended | ||||||||||||||
31-Dec-13 | |||||||||||||||||
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, 2014, 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 $3,532. As of December 31, 2014, the Company had not posted any collateral related to these agreements. If the Company had breached any of these provisions as of December 31, 2014, it could have been required to settle its obligations under the agreements at their termination value of $3,757. |
Notes_Payable_to_Trusts
Notes Payable to Trusts | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Equity [Abstract] | |||||||||||||||||
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 5.14% per annum and matures on June 30, 2018. 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 are redeemable by the Trust with no prepayment premium. | |||||||||||||||||
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, 2014: | |||||||||||||||||
Notes payable | Investment | Maximum | Difference | ||||||||||||||
to Trusts | Balance | exposure to loss | |||||||||||||||
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 | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Text Block [Abstract] | |||||||||||||
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 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 17.98 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 30, 2014 | December 31, 2013 | ||||||||||||
Carrying amount of equity component | $ | 14,496 | $ | 14,496 | |||||||||
Principal amount of liability component | $ | 250,000 | $ | 250,000 | |||||||||
Unamortized discount—equity component | (10,448 | ) | (13,131 | ) | |||||||||
Unamortized cash discount | (2,606 | ) | (3,356 | ) | |||||||||
Net carrying amount of liability component | $ | 236,946 | $ | 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, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Contractual interest | $ | 5,936 | $ | 3,134 | $ | 790 | |||||||
Amortization of discount | 2,683 | 1,404 | 444 | ||||||||||
Total interest expense recognized | $ | 8,619 | $ | 4,538 | $ | 1,234 | |||||||
Lines_Of_Credit
Lines Of Credit | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||
Text Block [Abstract] | |||||||||||||||||||
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, 2014 | |||||||||||||||||||
Line of Credit | Amount | Capacity (1) | Interest | Origination | Maturity | Basis Rate (2) | Notes | ||||||||||||
Drawn (1) | Rate | Date | |||||||||||||||||
Credit Line 1 | $ | 7,000 | $ | 85,000 | 2.10% | 6/4/10 | 6/3/16 | LIBOR plus 1.9% | -3 | ||||||||||
Credit Line 2 | 41,000 | 50,000 | 1.90% | 11/16/10 | 2/13/17 | LIBOR plus 1.8% | -4 | ||||||||||||
Credit Line 3 | 50,000 | 80,000 | 1.90% | 4/29/11 | 11/18/16 | LIBOR plus 1.7% | -4 | ||||||||||||
Credit Line 4 | 40,000 | 50,000 | 1.80% | 9/29/14 | 9/29/17 | LIBOR plus 1.7% | -4 | ||||||||||||
$ | 138,000 | $ | 265,000 | ||||||||||||||||
-1 | Amounts in thousands | ||||||||||||||||||
-2 | 30-day USD LIBOR | ||||||||||||||||||
-3 | One two-year extension available | ||||||||||||||||||
-4 | Two one-year extensions available |
Other_Liabilities
Other Liabilities | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Other Liabilities Disclosure [Abstract] | |||||||||||||
Other Liabilities | 12 | OTHER LIABILITIES | |||||||||||
The components of other liabilities are summarized as follows: | |||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||
Deferred rental income | $ | 28,485 | $ | 24,037 | |||||||||
Lease obligation liability | 713 | 2,076 | |||||||||||
Fair value of interest rate swaps | 3,533 | 3,684 | |||||||||||
Income taxes payable | 672 | 671 | |||||||||||
Deferred tax liability | 5,367 | 3,481 | |||||||||||
Earnout provisions on acquisitions | 8,033 | 133 | |||||||||||
Unpaid claims liability | 1,832 | 1,236 | |||||||||||
Other miscellaneous liabilities | 6,084 | 2,679 | |||||||||||
$ | 54,719 | $ | 37,997 | ||||||||||
Included in the lease obligation liability is approximately $609 and $2,352 as of December 31, 2014 and 2013, respectively, related to minimum rentals to be received in the future undernon-cancelable subleases. | |||||||||||||
Included in other miscellaneous liabilities is unpaid claims related to the Company’s tenant reinsurance program. For the years ended December 31, 2014, 2013 and 2012, the number of claims made were 2,942, 2,316 and 2,060, respectively. The following table presents information on the Company’s unpaid claims liability for the periods presented: | |||||||||||||
For the Year Ended | |||||||||||||
December 31, | |||||||||||||
Tenant Reinsurance Claims: | 2014 | 2013 | 2012 | ||||||||||
Unpaid claims liability at beginning of year | $ | 1,236 | $ | 1,414 | $ | 715 | |||||||
Claims and claim adjustment expense for claims incurred in the current year | 5,126 | 3,817 | 3,417 | ||||||||||
Claims and claim adjustment expense for claims incurred in the prior years | (345 | ) | (116 | ) | 22 | ||||||||
Payments for current year claims | (3,367 | ) | (2,627 | ) | (2,028 | ) | |||||||
Payments for prior year claims | (818 | ) | (1,252 | ) | (712 | ) | |||||||
Unpaid claims liability at the end of the year | $ | 1,832 | $ | 1,236 | $ | 1,414 | |||||||
Related_Party_and_Affiliated_R
Related Party and Affiliated Real Estate Joint Venture Transactions | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Related Party Transactions [Abstract] | |||||||||||||||
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 stores. Management agreements provide generally for management fees of 6.0% of cash collected from total revenues for the management of operations at the stores. In addition, the Company receives an asset management fee equal to 50 basis points multiplied by the total asset value of the stores 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 | 2014 | 2013 | 2012 | |||||||||||
ESW | Affiliated real estate joint ventures | $ | 480 | $ | 450 | $ | 430 | ||||||||
ESW II | Affiliated real estate joint ventures | 410 | 382 | 354 | |||||||||||
ESNPS | Affiliated real estate joint ventures | 550 | 528 | 498 | |||||||||||
ESSM | Affiliated real estate joint ventures | 132 | 117 | 107 | |||||||||||
HSRE | Affiliated real estate joint ventures | 1,201 | 1,146 | 1,094 | |||||||||||
PRISA | Affiliated real estate joint ventures | 5,466 | 5,215 | 5,174 | |||||||||||
PRISA II | Affiliated real estate joint ventures | 4,635 | 4,397 | 4,138 | |||||||||||
VRS | Affiliated real estate joint ventures | 1,326 | 1,286 | 1,207 | |||||||||||
WCOT | Affiliated real estate joint ventures | 1,680 | 1,601 | 1,520 | |||||||||||
SP I | Affiliated real estate joint ventures | 1,999 | 1,953 | 1,885 | |||||||||||
Other | Franchisees, third parties and other | 10,336 | 9,539 | 9,299 | |||||||||||
$ | 28,215 | $ | 26,614 | $ | 25,706 | ||||||||||
Receivables from related parties and affiliated real estate joint ventures balances are summarized as follows: | |||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||
Mortgage notes receivable | $ | 10,590 | $ | 5,818 | |||||||||||
Other receivables from stores | 1,188 | 1,724 | |||||||||||||
$ | 11,778 | $ | 7,542 | ||||||||||||
Other receivables from stores consist of amounts due for management fees, asset management fees and expenses paid on behalf of the stores 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, 2014 and 2013. | |||||||||||||||
Centershift, a related party service provider, was partially owned by one of the Company’s board members, whose interest was sold in February 2014. Effective January 1, 2004, the Company entered into a license agreement with Centershift which secured 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. On October 1, 2013, the Company bought out the remainder of its three year contract with Centershift for $1,500, which was included in general and administrative expense for the year ended December 31, 2013. In addition, during the year ended December 31, 2013, the Company purchased a copy of the STORE source code and some equipment from Centershift for $2,600. Subsequent to these purchases, the Company no longer has any contractual liability to Centershift. During the years ended December 31, 2014, 2013 and 2012, the Company paid Centershift $0, $1,095 and $1,235, respectively, relating to the purchase of software and license agreements. | |||||||||||||||
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, 2014, 2013 and 2012, the Company paid SpenAero $1,059, $803 and $649, 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 | |
Dec. 31, 2014 | ||
Equity [Abstract] | ||
Stockholders' Equity | 14 | STOCKHOLDERS’ EQUITY |
The Company’s charter provides that it can issue up to 500,000,000 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, 2014, 116,360,239 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. |
Noncontrolling_Interests
Noncontrolling Interests | 12 Months Ended | |
Dec. 31, 2014 | ||
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, 2014. One of these consolidated joint ventures owns one store which was under construction at December 31, 2014. The second consolidated joint venture owns 19 stores. 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 store located in California, and as a result of the acquisition, the store 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 store 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 a consolidated store 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. | ||
Preferred Operating Partnership Units [Member] | ||
Noncontrolling Interests | 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 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 stores in exchange for 989,980 Series A Units. The stores 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 could 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. On October 3, 2014, the holders of the Series A Units redeemed 114,500 Series A Units for $4,794 in cash and 280,331 shares of common stock. No additional redemption of Series A Units can be made without repayment of the loan. 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 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 5.0% 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 April 3, 2014, the Operating Partnership completed the purchase of a store located in Georgia. This store was acquired in exchange for $15,158 of cash and 333,360 Series B Units valued at $8,334. | ||
On August 29, 2013, the Operating Partnership completed the purchase of 19 out of 20 stores 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 stores 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 Series D 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 $41,902. Holders of the Series B Units receive distributions at an annual rate of 6.0%. These distributions are cumulative. The Series B Units are redeemable at the option of the holder on the first anniversary of the date of issuance, 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 November 19, 2013, the Operating Partnership entered into Contribution Agreements with various entities affiliated with Grupe, under which the Company agreed to acquire twelve stores, all of which are located in California. The Company completed the purchase of these self-storage stores between December 2013 and May 2014. The Company previously held a 35% interest in five of these stores and a 40% interest in one store through six separate joint ventures with Grupe. These stores were acquired in exchange for a total of approximately $45,722 of cash, the assumption of $37,532 in existing debt, and the issuance of 704,016 Series C Units valued at $30,960. | ||
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 Series D 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. | ||
In December 2014, the Operating Partnership loaned holders of the Series C Units $20,230. The notes receivable, which are collateralized by the Series C Units, bear interest at 5.0% and mature on December 15, 2024. The Series C Units are shown on the balance sheet net of the $20,230 loan because the borrower under the loan receivable is also the holder of the Series C units. | ||
Series D Redeemable Preferred Units | ||
In December 2014, the Operating Partnership completed the acquisition of a store located in Florida. This store was acquired in exchange for $5,621 in cash and 548,390 Series D Units valued at $13,710. | ||
The Partnership Agreement provides for the designation and issuance of the Series D Units. The Series D Units rank junior to the Series A Units, on parity with the Series B Units and Series C Units, and senior to all other partnership interest of the Operating Partnership with respect to distributions and liquidation. | ||
The Series D Units have a liquidation value of $25.00 per unit, for a fixed liquidation value of $13,710. Holders of the Series D Units receive distributions at an annual rate of 5.0%. These distributions are cumulative. The Series D Units will become redeemable at the option of the holder on the first anniversary of the date of issuance, which redemption obligation may be satisfied at the Company’s option in cash or shares of its common stock. | ||
Common Operating Partnership [Member] | ||
Noncontrolling Interests | 16 | NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP |
The Company’s interest in its stores 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 93.4% majority ownership interest therein as of December 31, 2014. The remaining ownership interests in the Operating Partnership (including Preferred Operating Partnership units) of 6.6% are held by certain former owners of assets acquired by the Operating Partnership. As of December 31, 2014, the Operating Partnership had 4,365,879 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 stores 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 stores 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, 2014, was $59.26 and there were 4,365,879 OP Units outstanding. Assuming that all of the unit holders exercised their right to redeem all of their OP Units on December 31, 2014 and the Company elected to pay the non-controlling members cash, the Company would have paid $258,722 in cash consideration to redeem the units. | ||
In December 2014, the Company purchased a single store in California. As part of the consideration, 50,620 OP Units were issued for a value of $2,983. | ||
In October 2014, 6,859 OP units were redeemed in exchange for the Company’s common stock. In December 2014, 12,000 OP units were redeemed in exchange for the Company’s common stock. | ||
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 stores 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. |
StockBased_Compensation
Stock-Based Compensation | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||
Stock-Based Compensation | 18 | STOCK-BASED COMPENSATION | |||||||||||||||||||
The Company has the following plans under which shares were available for grant at December 31, 2014: | |||||||||||||||||||||
• | The 2004 Long-Term Incentive Compensation Plan as amended and restated, 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, 2014, 2,270,790 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 Intrinsic | |||||||||||||||||
Exercise Price | Remaining | Value as of | |||||||||||||||||||
Contractual Life | December 31, 2014 | ||||||||||||||||||||
(Years) | |||||||||||||||||||||
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 | $ | 15.01 | ||||||||||||||||||
Granted | 31,000 | 47.5 | |||||||||||||||||||
Exercised | (211,747 | ) | 14.85 | ||||||||||||||||||
Forfeited | (5,150 | ) | 28.28 | ||||||||||||||||||
Outstanding at December 31, 2014 | 568,727 | $ | 16.62 | 4.77 | $ | 23,898 | |||||||||||||||
Vested and Expected to Vest | 563,432 | $ | 16.4 | 4.73 | $ | 23,798 | |||||||||||||||
Ending Exercisable | 457,131 | $ | 12.26 | 4.03 | $ | 21,204 | |||||||||||||||
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 2014 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, 2014. 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 2014, 2013 and 2012, was $12.03, $9.74 and $6.64, 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, | |||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Expected volatility | 40 | % | 42 | % | 44 | % | |||||||||||||||
Dividend yield | 4 | % | 4 | % | 5 | % | |||||||||||||||
Risk-free interest rate | 1.5 | % | 0.9 | % | 0.9 | % | |||||||||||||||
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, 2014, 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, 2014, 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—$6.22 | 174,765 | 4.13 | $ | 6.22 | 174,765 | $ | 6.22 | ||||||||||||||
$11.59—$12.85 | 113,910 | 4.96 | 12.07 | 113,910 | 12.07 | ||||||||||||||||
$13.04—$16.83 | 118,750 | 2.22 | 15.24 | 118,750 | 15.24 | ||||||||||||||||
$19.60—$38.40 | 132,552 | 6.83 | 28.78 | 48,956 | 26.47 | ||||||||||||||||
$47.50—$47.50 | 28,750 | 8.9 | 47.5 | 750 | 47.5 | ||||||||||||||||
$6.22—$47.50 | 568,727 | 4.77 | $ | 16.62 | 457,131 | $ | 12.26 | ||||||||||||||
The Company recorded compensation expense relating to outstanding options of $456, $536 and $585 in general and administrative expense for the years ended December 31, 2014, 2013 and 2012, respectively. Total cash received for the years ended December 31, 2014, 2013 and 2012, related to option exercises was $3,095, $5,896 and $10,267, respectively. At December 31, 2014, there was $585 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 1.79 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, 2014, 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 $4,528, $4,283 and $3,771 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, 2014, 2013 and 2012, respectively. The forfeiture rate, which is estimated at a weighted-average of 10.21% of unvested awards outstanding as of December 31, 2014, is adjusted periodically based on the extent to which actual forfeitures differ, or are expected to differ, from the previous estimates. At December 31, 2014 there was $7,010 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 2.09 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 | |||||||||||||||||||
Grant-Date Fair | |||||||||||||||||||||
Value | |||||||||||||||||||||
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 | ||||||||||||||||||
Granted | 117,370 | 49.25 | |||||||||||||||||||
Released | (197,386 | ) | 23.07 | ||||||||||||||||||
Cancelled | (23,595 | ) | 37.19 | ||||||||||||||||||
Unreleased at December 31, 2014 | 291,749 | $ | 37.73 | ||||||||||||||||||
Employee_Benefit_Plan
Employee Benefit Plan | 12 Months Ended | |
Dec. 31, 2014 | ||
Compensation and Retirement Disclosure [Abstract] | ||
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, 2014, 2013 and 2012, the Company made matching contributions to the plan of $1,529, $1,013 and $894, 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 | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||
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, 2014, 2013 and 2012, is comprised of the following components: | |||||||||||||||||
For the Year Ended December 31, 2014 | |||||||||||||||||
Federal | State | Total | |||||||||||||||
Current expense | $ | 6,020 | $ | 1,374 | $ | 7,394 | |||||||||||
Tax credits | (2,176 | ) | — | (2,176 | ) | ||||||||||||
Change in deferred benefit | 803 | 1,549 | 2,352 | ||||||||||||||
Total tax expense | $ | 4,647 | $ | 2,923 | $ | 7,570 | |||||||||||
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 | |||||||||||
A reconciliation of the statutory income tax provisions to the effective income tax provisions for the periods presented is as follows: | |||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Expected tax at statutory rate | $ | 71,215 | 35 | % | $ | 67,012 | 35 | % | |||||||||
Non-taxable REIT income | (64,402 | ) | (31.7 | %) | (53,519 | ) | (27.9 | %) | |||||||||
State and local tax expense—net of federal benefit | 1,109 | 0.6 | % | 615 | 0.3 | % | |||||||||||
Change in valuation allowance | 1,663 | 0.8 | % | 435 | 0.2 | % | |||||||||||
Tax Credits (WOTC & Solar) | (2,176 | ) | (1.1 | %) | (4,562 | ) | (2.4 | %) | |||||||||
Miscellaneous | 161 | 0.1 | % | 3 | 0 | % | |||||||||||
Total provision | $ | 7,570 | 3.7 | % | $ | 9,984 | 5.2 | % | |||||||||
The major sources of temporary differences stated at their deferred tax effects are as follows: | |||||||||||||||||
December 31, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Deferred Tax Liabilities: | |||||||||||||||||
Fixed Assets | $ | (16,586 | ) | $ | (14,557 | ) | |||||||||||
Other | (269 | ) | (663 | ) | |||||||||||||
State Deferred Taxes | (1,576 | ) | — | ||||||||||||||
Total Deferred Tax Liabilities | (18,431 | ) | (15,220 | ) | |||||||||||||
Deferred Tax Assets: | |||||||||||||||||
Capitive Insurance Subsidiary | 447 | 400 | |||||||||||||||
Accrued liabilities | 1,232 | 1,043 | |||||||||||||||
Stock compensation | 1,176 | 1,394 | |||||||||||||||
Solar Credit | 9,342 | 8,480 | |||||||||||||||
Other | 840 | 422 | |||||||||||||||
State Deferred Taxes | 6,260 | 4,570 | |||||||||||||||
Total Deferred Tax Assets | 19,297 | 16,309 | |||||||||||||||
Valuation Allowance | (6,233 | ) | (4,570 | ) | |||||||||||||
Net deferred income tax liability | $ | (5,367 | ) | $ | (3,481 | ) | |||||||||||
The state income tax net operating losses expire between 2015 and 2032. The valuation allowance is associated with the state income tax net operating losses. The solar tax credit carryforwards expire between 2030 and 2034. The tax years 2010 through 2013 remain open related to the state returns, and 2011 through 2013 for the federal returns. |
Segment_Information
Segment Information | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Segment Reporting [Abstract] | |||||||||||||
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 stores are eliminated in consolidation. Financial information for the Company’s business segments is set forth below: | |||||||||||||
December 31, | December 31, | ||||||||||||
2014 | 2013 | ||||||||||||
Balance Sheet | |||||||||||||
Investment in unconsolidated real estate ventures | |||||||||||||
Rental operations | $ | 85,711 | $ | 88,125 | |||||||||
Total assets | |||||||||||||
Rental operations | $ | 4,109,673 | $ | 3,641,746 | |||||||||
Tenant reinsurance | 39,383 | 34,393 | |||||||||||
Property management, acquisition and development | 253,051 | 301,001 | |||||||||||
$ | 4,402,107 | $ | 3,977,140 | ||||||||||
For The Year Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Statement of Operations | |||||||||||||
Total revenues | |||||||||||||
Rental operations | $ | 559,868 | $ | 446,682 | $ | 346,874 | |||||||
Tenant reinsurance | 59,072 | 47,317 | 36,816 | ||||||||||
Property management, acquisition and development | 28,215 | 26,614 | 25,706 | ||||||||||
$ | 647,155 | $ | 520,613 | $ | 409,396 | ||||||||
Operating expenses, including depreciation and amortization | |||||||||||||
Rental operations | $ | 279,497 | $ | 229,229 | $ | 184,540 | |||||||
Tenant reinsurance | 10,427 | 9,022 | 7,869 | ||||||||||
Property management, acquisition and development | 78,763 | 68,879 | 59,746 | ||||||||||
$ | 368,687 | $ | 307,130 | $ | 252,155 | ||||||||
Income (loss) from operations | |||||||||||||
Rental operations | $ | 280,371 | $ | 217,453 | $ | 162,334 | |||||||
Tenant reinsurance | 48,645 | 38,295 | 28,947 | ||||||||||
Property management, acquisition and development | (50,548 | ) | (42,265 | ) | (34,040 | ) | |||||||
$ | 278,468 | $ | 213,483 | $ | 157,241 | ||||||||
Gain (loss) on sale of real estate and earnout from prior acquisitions | |||||||||||||
Property management, acquisition and development | $ | (10,285 | ) | $ | 960 | $ | — | ||||||
Property casualty loss, net | |||||||||||||
Rental operations | $ | (1,724 | ) | $ | — | $ | — | ||||||
Loss on extinguishment of debt related to portfolio acquisition | |||||||||||||
Property management, acquisition and development | $ | — | $ | (9,153 | ) | $ | — | ||||||
Interest expense | |||||||||||||
Rental operations | $ | (80,160 | ) | $ | (69,702 | ) | $ | (70,472 | ) | ||||
Property management, acquisition and development | (1,170 | ) | (1,928 | ) | (1,378 | ) | |||||||
$ | (81,330 | ) | $ | (71,630 | ) | $ | (71,850 | ) | |||||
Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes | |||||||||||||
Property management, acquisition and development | $ | (2,683 | ) | $ | (1,404 | ) | $ | (444 | ) | ||||
Interest income | |||||||||||||
Tenant reinsurance | $ | 17 | $ | 17 | $ | 12 | |||||||
Property management, acquisition and development | 1,590 | 732 | 1,804 | ||||||||||
$ | 1,607 | $ | 749 | $ | 1,816 | ||||||||
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 | $ | 10,541 | $ | 11,653 | $ | 10,859 | |||||||
Equity in earnings of unconsolidated real estate ventures—gain on sale of real estate assets and purchase of joint venture partners’ interests | |||||||||||||
Rental operations | $ | 4,022 | $ | 46,032 | $ | 30,630 | |||||||
Income tax (expense) benefit | |||||||||||||
Rental operations | $ | (1,157 | ) | $ | (149 | ) | $ | (660 | ) | ||||
Tenant reinsurance | (8,662 | ) | (13,409 | ) | (10,399 | ) | |||||||
Property management, acquisition and development | 2,249 | 3,574 | 5,646 | ||||||||||
$ | (7,570 | ) | $ | (9,984 | ) | $ | (5,413 | ) | |||||
Net income (loss) | |||||||||||||
Rental operations | $ | 211,893 | $ | 205,287 | $ | 132,691 | |||||||
Tenant reinsurance | 40,000 | 24,903 | 18,560 | ||||||||||
Property management, acquisition and development | (55,997 | ) | (44,634 | ) | (23,562 | ) | |||||||
$ | 195,896 | $ | 185,556 | $ | 127,689 | ||||||||
Depreciation and amortization expense | |||||||||||||
Rental operations | $ | 107,081 | $ | 89,217 | $ | 70,512 | |||||||
Property management, acquisition and development | 7,995 | 6,015 | 3,941 | ||||||||||
$ | 115,076 | $ | 95,232 | $ | 74,453 | ||||||||
Statement of Cash Flows | |||||||||||||
Acquisition of real estate assets | |||||||||||||
Property management, acquisition and development | $ | (503,538 | ) | $ | (349,959 | ) | $ | (601,727 | ) | ||||
Development and redevelopment of real estate assets | |||||||||||||
Property management, acquisition and development | $ | (23,528 | ) | $ | (6,466 | ) | $ | (3,759 | ) | ||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Commitments and Contingencies | 22 | COMMITMENTS AND CONTINGENCIES | |||
The Company has operating leases on its corporate offices and owns 17 stores that are subject to leases. At December 31, 2014, future minimum rental payments under thesenon-cancelable operating leases were as follows (unaudited): | |||||
Less than 1 year | $ | 6,125 | |||
Year 2 | 5,054 | ||||
Year 3 | 3,728 | ||||
Year 4 | 2,899 | ||||
Year 5 | 2,287 | ||||
Thereafter | 45,293 | ||||
$ | 65,386 | ||||
The monthly rental amounts for two of the ground leases include contingent rental payments based on the level of revenue achieved at the stores. The Company recorded expense of $3,345, $2,983 and $2,830 related to these ground leases in the years ended December 31, 2014, 2013 and 2012, respectively. | |||||
As of December 31, 2014, 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 | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||
Supplementary Quarterly Financial Data (Unaudited) | 23 | SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED) | |||||||||||||||
For the Three Months Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2014 | 2014 | 2014 | 2014 | ||||||||||||||
Revenues | $ | 152,180 | $ | 160,240 | $ | 167,368 | $ | 167,367 | |||||||||
Cost of operations | 91,782 | 89,579 | 89,875 | 97,451 | |||||||||||||
Revenues less cost of operations | $ | 60,398 | $ | 70,661 | $ | 77,493 | $ | 69,916 | |||||||||
Net income | $ | 41,209 | $ | 46,008 | $ | 59,193 | $ | 49,486 | |||||||||
Net income attributable to common stockholders | $ | 37,340 | $ | 41,665 | $ | 54,228 | $ | 45,122 | |||||||||
Earnings per common share—basic | $ | 0.32 | $ | 0.36 | $ | 0.47 | $ | 0.39 | |||||||||
Earnings per common share—diluted | $ | 0.32 | $ | 0.36 | $ | 0.47 | $ | 0.39 | |||||||||
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 |
Subsequent_Events
Subsequent Events | 12 Months Ended | |
Dec. 31, 2014 | ||
Subsequent Events [Abstract] | ||
Subsequent Events | 24 | SUBSEQUENT EVENTS |
On January 13, 2015, the Company purchased three self-storage stores located in Texas for $41,900. | ||
On February 24, 2015, the Company purchased one self-storage store in Texas for $13,550. |
Schedule_III_Real_Estate_and_A
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||
Schedule III - Real Estate and Accumulated Depreciation | Extra Space Storage Inc. | ||||||||||||||||||||||||||||||||||||||
Schedule III | |||||||||||||||||||||||||||||||||||||||
Real Estate and Accumulated Depreciation | |||||||||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||||||||
Date acquired | Store Name | State | Debt | Land | Building and | Adjustments and | Notes | Gross carrying amount at December 31, 2014 | Accumulated | ||||||||||||||||||||||||||||||
initial cost | improvements | costs subsequent | depreciation | ||||||||||||||||||||||||||||||||||||
or development | initial cost | to acquisition | |||||||||||||||||||||||||||||||||||||
completed | Land | Building and | Total | ||||||||||||||||||||||||||||||||||||
improvements | |||||||||||||||||||||||||||||||||||||||
8/23/10 | Auburn / Dean Rd | AL | $ | 2,460 | $ | 324 | $ | 1,895 | $ | 122 | $ | 325 | $ | 2,016 | $ | 2,341 | $ | 265 | |||||||||||||||||||||
8/23/10 | Auburn / Opelika Rd | AL | — | 92 | 138 | 163 | 92 | 301 | 393 | 77 | |||||||||||||||||||||||||||||
7/2/12 | Birmingham / Grace Baker Rd | AL | 4,586 | 790 | 9,369 | 36 | 790 | 9,405 | 10,195 | 596 | |||||||||||||||||||||||||||||
3/20/14 | Birmingham / Lorna Rd | AL | — | 2,381 | 11,224 | 55 | 2,381 | 11,279 | 13,660 | 229 | |||||||||||||||||||||||||||||
8/31/07 | Hoover | AL | 2,670 | 1,313 | 2,858 | 647 | 1,313 | 3,505 | 4,818 | 1,047 | |||||||||||||||||||||||||||||
7/25/13 | Chandler | AZ | 4,250 | 547 | 4,213 | 165 | 547 | 4,378 | 4,925 | 173 | |||||||||||||||||||||||||||||
8/18/04 | Mesa / Madero Ave | AZ | 3,235 | 849 | 2,547 | 194 | 849 | 2,741 | 3,590 | 781 | |||||||||||||||||||||||||||||
7/2/12 | Mesa / N. Alma School Rd | AZ | 3,184 | 1,129 | 4,402 | 51 | 1,129 | 4,453 | 5,582 | 286 | |||||||||||||||||||||||||||||
12/27/12 | Mesa / E Southern Ave | AZ | 5,435 | 2,973 | 5,545 | 253 | 2,973 | 5,798 | 8,771 | 311 | |||||||||||||||||||||||||||||
7/25/13 | Mesa / Southern Ave | AZ | — | 1,453 | 2,897 | 130 | 1,453 | 3,027 | 4,480 | 117 | |||||||||||||||||||||||||||||
4/1/06 | Peoria / 75th Ave | AZ | 4,268 | 652 | 4,105 | 148 | 652 | 4,253 | 4,905 | 971 | |||||||||||||||||||||||||||||
1/31/11 | Peoria / W Beardsley Rd | AZ | — | 1,060 | 4,731 | 15 | 1,060 | 4,746 | 5,806 | 482 | |||||||||||||||||||||||||||||
7/1/05 | Phoenix / East Bell Rd | AZ | 6,936 | 1,441 | 7,982 | 678 | 1,441 | 8,660 | 10,101 | 2,331 | |||||||||||||||||||||||||||||
6/30/06 | Phoenix / N Cave Creek Rd | AZ | 3,315 | 552 | 3,530 | 255 | 551 | 3,786 | 4,337 | 925 | |||||||||||||||||||||||||||||
1/2/07 | Phoenix / E Greenway Pkwy | AZ | — | 669 | 4,135 | 318 | 669 | 4,453 | 5,122 | 995 | |||||||||||||||||||||||||||||
11/30/12 | Phoenix / N 32nd St | AZ | 7,006 | 2,257 | 7,820 | 156 | 2,257 | 7,976 | 10,233 | 438 | |||||||||||||||||||||||||||||
11/30/12 | Tucson | AZ | — | 1,090 | 7,845 | 45 | 1,090 | 7,890 | 8,980 | 435 | |||||||||||||||||||||||||||||
6/25/07 | Alameda | CA | — | 2,919 | 12,984 | 2,063 | 2,919 | 15,047 | 17,966 | 3,582 | |||||||||||||||||||||||||||||
8/29/13 | Alhambra | CA | — | 10,109 | 6,065 | 224 | 10,109 | 6,289 | 16,398 | 205 | |||||||||||||||||||||||||||||
8/29/13 | Anaheim / S Adams St | CA | — | 3,593 | 3,330 | 198 | 3,593 | 3,528 | 7,121 | 125 | |||||||||||||||||||||||||||||
8/29/13 | Anaheim / S State College Blvd | CA | — | 2,519 | 2,886 | 179 | 2,519 | 3,065 | 5,584 | 108 | |||||||||||||||||||||||||||||
4/25/14 | Anaheim / Old Canal Rd | CA | — | 2,765 | 12,680 | 98 | 2,765 | 12,778 | 15,543 | 232 | |||||||||||||||||||||||||||||
7/1/08 | Antelope | CA | 4,105 | 1,525 | 8,345 | (282 | ) | (b) | 1,185 | 8,403 | 9,588 | 1,361 | |||||||||||||||||||||||||||
10/19/11 | Bellflower | CA | 1,247 | 640 | 1,350 | 92 | 639 | 1,443 | 2,082 | 123 | |||||||||||||||||||||||||||||
5/15/07 | Belmont | CA | — | 3,500 | 7,280 | 82 | 3,500 | 7,362 | 10,862 | 1,406 | |||||||||||||||||||||||||||||
6/25/07 | Berkeley | CA | 19,363 | 1,716 | 19,602 | 1,963 | 1,716 | 21,565 | 23,281 | 4,516 | |||||||||||||||||||||||||||||
10/19/11 | Bloomington / Bloomington Ave | CA | — | 934 | 1,937 | 167 | 934 | 2,104 | 3,038 | 226 | |||||||||||||||||||||||||||||
10/19/11 | Bloomington / Linden Ave | CA | — | 647 | 1,303 | 157 | 647 | 1,460 | 2,107 | 147 | |||||||||||||||||||||||||||||
8/10/00 | Burbank / W Verdugo Ave | CA | 13,837 | 3,199 | 5,082 | 1,803 | 3,618 | 6,466 | 10,084 | 2,467 | |||||||||||||||||||||||||||||
8/29/13 | Burbank / Thornton Ave | CA | — | 4,061 | 5,318 | 214 | 4,061 | 5,532 | 9,593 | 187 | |||||||||||||||||||||||||||||
4/8/11 | Burlingame | CA | 5,327 | 2,211 | 5,829 | 131 | 2,211 | 5,960 | 8,171 | 586 | |||||||||||||||||||||||||||||
3/14/11 | Carson | CA | — | — | 9,709 | 99 | — | 9,808 | 9,808 | 958 | |||||||||||||||||||||||||||||
6/25/07 | Castro Valley | CA | — | — | 6,346 | 395 | — | 6,741 | 6,741 | 1,326 | |||||||||||||||||||||||||||||
10/19/11 | Cerritos | CA | 16,947 | 8,728 | 15,895 | 594 | 8,728 | 16,489 | 25,217 | 1,443 | |||||||||||||||||||||||||||||
11/1/13 | Chatsworth | CA | 10,497 | 9,922 | 7,599 | 249 | 9,922 | 7,848 | 17,770 | 1,096 | |||||||||||||||||||||||||||||
6/1/04 | Claremont / South Mills Ave | CA | 2,949 | 1,472 | 2,012 | 262 | 1,472 | 2,274 | 3,746 | 691 | |||||||||||||||||||||||||||||
10/19/11 | Claremont / W Arrow Hwy | CA | — | 1,375 | 1,434 | 202 | 1,375 | 1,636 | 3,011 | 149 | |||||||||||||||||||||||||||||
6/25/07 | Colma | CA | 22,769 | 3,947 | 22,002 | 2,290 | 3,947 | 24,292 | 28,239 | 5,290 | |||||||||||||||||||||||||||||
9/1/08 | Compton | CA | 4,692 | 1,426 | 7,582 | 43 | 1,426 | 7,625 | 9,051 | 1,242 | |||||||||||||||||||||||||||||
8/29/13 | Concord | CA | — | 3,082 | 2,822 | 171 | 3,082 | 2,993 | 6,075 | 97 | |||||||||||||||||||||||||||||
9/21/09 | El Cajon | CA | — | 1,100 | 6,380 | 87 | 1,100 | 6,467 | 7,567 | 869 | |||||||||||||||||||||||||||||
6/25/07 | El Sobrante | CA | — | 1,209 | 4,018 | 1,572 | 1,209 | 5,590 | 6,799 | 1,352 | |||||||||||||||||||||||||||||
12/2/13 | Elk Grove / Power Inn Rd | CA | — | 894 | 6,949 | 44 | 894 | 6,993 | 7,887 | 187 | |||||||||||||||||||||||||||||
12/2/13 | Elk Grove / Stockton Blvd | CA | — | 640 | 8,640 | 16 | 640 | 8,656 | 9,296 | 232 | |||||||||||||||||||||||||||||
5/1/10 | Emeryville | CA | — | 3,024 | 11,321 | 160 | 3,024 | 11,481 | 14,505 | 1,364 | |||||||||||||||||||||||||||||
12/2/13 | Fair Oaks | CA | 4,275 | 644 | 11,287 | 4 | 644 | 11,291 | 11,935 | 302 | |||||||||||||||||||||||||||||
9/15/02 | Fontana / Valley Blvd 1 | CA | 3,189 | 961 | 3,846 | 420 | 1,001 | 4,226 | 5,227 | 1,391 | |||||||||||||||||||||||||||||
10/15/03 | Fontana / Valley Blvd 2 | CA | 5,287 | 1,246 | 3,356 | 463 | 1,300 | 3,765 | 5,065 | 1,119 | |||||||||||||||||||||||||||||
10/19/11 | Fontana / Foothill Blvd | CA | 3,914 | 684 | 3,951 | 216 | 684 | 4,167 | 4,851 | 360 | |||||||||||||||||||||||||||||
10/19/11 | Fontana / Baseline Ave | CA | — | 778 | 4,723 | 129 | 777 | 4,853 | 5,630 | 430 | |||||||||||||||||||||||||||||
10/19/11 | Fontana / Foothill Blvd | CA | — | 768 | 4,208 | 173 | 768 | 4,381 | 5,149 | 380 | |||||||||||||||||||||||||||||
6/1/04 | Gardena | CA | — | 3,710 | 6,271 | 2,260 | 4,110 | 8,131 | 12,241 | 2,075 | |||||||||||||||||||||||||||||
6/1/04 | Glendale | CA | — | — | 6,084 | 254 | — | 6,338 | 6,338 | 1,814 | |||||||||||||||||||||||||||||
7/2/12 | Hawaiian Gardens | CA | 9,323 | 2,964 | 12,478 | 198 | 2,964 | 12,676 | 15,640 | 839 | |||||||||||||||||||||||||||||
6/1/04 | Hawthorne | CA | 3,803 | 1,532 | 3,871 | 251 | 1,532 | 4,122 | 5,654 | 1,217 | |||||||||||||||||||||||||||||
6/26/07 | Hayward | CA | 8,461 | 3,149 | 8,006 | 3,081 | 3,149 | 11,087 | 14,236 | 2,586 | |||||||||||||||||||||||||||||
7/1/05 | Hemet | CA | 4,967 | 1,146 | 6,369 | 319 | 1,146 | 6,688 | 7,834 | 1,742 | |||||||||||||||||||||||||||||
10/19/11 | Hesperia | CA | — | 156 | 430 | 149 | 156 | 579 | 735 | 76 | |||||||||||||||||||||||||||||
7/2/12 | Hollywood | CA | 10,074 | 4,555 | 10,590 | 66 | 4,555 | 10,656 | 15,211 | 679 | |||||||||||||||||||||||||||||
8/10/00 | Inglewood | CA | 5,396 | 1,379 | 3,343 | 963 | 1,529 | 4,156 | 5,685 | 1,683 | |||||||||||||||||||||||||||||
10/19/11 | Irvine | CA | 4,989 | 3,821 | 3,999 | 88 | 3,821 | 4,087 | 7,908 | 354 | |||||||||||||||||||||||||||||
5/28/14 | La Quinta | CA | 13,242 | 4,706 | 12,604 | 113 | 4,706 | 12,717 | 17,423 | 207 | |||||||||||||||||||||||||||||
10/19/11 | Lake Elsinore / Central Ave | CA | 3,224 | 587 | 4,219 | 228 | 587 | 4,447 | 5,034 | 378 | |||||||||||||||||||||||||||||
10/19/11 | Lake Elsinore / Collier Ave | CA | — | 294 | 2,105 | 86 | 294 | 2,191 | 2,485 | 194 | |||||||||||||||||||||||||||||
7/28/06 | Lancaster / West Ave J-8 | CA | 5,627 | 1,347 | 5,827 | 283 | 1,347 | 6,110 | 7,457 | 1,440 | |||||||||||||||||||||||||||||
10/17/09 | Lancaster / 23rd St W | CA | — | 1,425 | 5,855 | 98 | 1,425 | 5,953 | 7,378 | 781 | |||||||||||||||||||||||||||||
6/1/04 | Livermore | CA | — | 1,134 | 4,615 | 272 | 1,134 | 4,887 | 6,021 | 1,381 | |||||||||||||||||||||||||||||
10/19/11 | Long Beach / E Artesia Blvd | CA | 2,697 | 1,772 | 2,539 | 160 | 1,772 | 2,699 | 4,471 | 242 | |||||||||||||||||||||||||||||
11/1/13 | Long Beach / W Wardlow Rd | CA | 5,811 | 5,859 | 4,992 | 12 | 5,859 | 5,004 | 10,863 | 775 | |||||||||||||||||||||||||||||
3/23/00 | Los Angeles / Casitas Ave | CA | 8,838 | 1,431 | 2,976 | 765 | 1,611 | 3,561 | 5,172 | 1,362 | |||||||||||||||||||||||||||||
12/31/07 | Los Angeles / La Cienega | CA | 10,079 | 3,991 | 9,774 | 89 | 3,991 | 9,863 | 13,854 | 1,790 | |||||||||||||||||||||||||||||
9/1/08 | Los Angeles / S Central Ave | CA | 4,787 | 2,200 | 8,108 | 50 | 2,200 | 8,158 | 10,358 | 1,333 | |||||||||||||||||||||||||||||
7/2/12 | Los Angeles / Fountain Ave | CA | 5,138 | 3,099 | 4,889 | 73 | 3,099 | 4,962 | 8,061 | 320 | |||||||||||||||||||||||||||||
12/2/13 | Los Angeles / S Western Ave | CA | — | 287 | 2,011 | 186 | 287 | 2,197 | 2,484 | 58 | |||||||||||||||||||||||||||||
4/25/14 | Los Angeles / Slauson Ave | CA | 7,487 | 2,400 | 8,605 | 61 | 2,401 | 8,665 | 11,066 | 158 | |||||||||||||||||||||||||||||
7/17/12 | Los Gatos | CA | — | 2,550 | 8,257 | 59 | 2,550 | 8,316 | 10,866 | 618 | |||||||||||||||||||||||||||||
1/1/04 | Manteca | CA | 3,625 | 848 | 2,543 | 171 | 848 | 2,714 | 3,562 | 796 | |||||||||||||||||||||||||||||
11/1/13 | Marina Del Rey | CA | 17,245 | 19,928 | 18,742 | 48 | 19,928 | 18,790 | 38,718 | 2,105 | |||||||||||||||||||||||||||||
8/29/13 | Menlo Park | CA | — | 7,675 | 1,812 | 186 | 7,675 | 1,998 | 9,673 | 65 | |||||||||||||||||||||||||||||
6/1/07 | Modesto / Crows Landing | CA | 3,153 | 909 | 3,043 | 287 | 909 | 3,330 | 4,239 | 748 | |||||||||||||||||||||||||||||
8/29/13 | Modesto / Sylvan Ave | CA | — | 1,647 | 4,215 | 157 | 1,647 | 4,372 | 6,019 | 143 | |||||||||||||||||||||||||||||
7/2/12 | Moreno Valley | CA | 2,084 | 482 | 3,484 | 40 | 482 | 3,524 | 4,006 | 226 | |||||||||||||||||||||||||||||
11/1/13 | North Highlands | CA | 2,062 | 799 | 2,801 | 11 | 799 | 2,812 | 3,611 | 379 | |||||||||||||||||||||||||||||
5/1/06 | North Hollywood / Van Owen | CA | 6,867 | 3,125 | 9,257 | 201 | 3,125 | 9,458 | 12,583 | 2,111 | |||||||||||||||||||||||||||||
8/29/13 | North Hollywood / Coldwater Canyon | CA | — | 4,501 | 4,465 | 302 | 4,501 | 4,767 | 9,268 | 160 | |||||||||||||||||||||||||||||
8/29/13 | Northridge | CA | — | 3,641 | 2,872 | 260 | 3,641 | 3,132 | 6,773 | 107 | |||||||||||||||||||||||||||||
4/24/00 | Oakland / Fallon St | CA | 4,187 | — | 3,777 | 1,037 | — | 4,814 | 4,814 | 1,906 | |||||||||||||||||||||||||||||
8/29/13 | Oakland / 29th Ave | CA | — | 6,359 | 5,753 | 257 | 6,359 | 6,010 | 12,369 | 200 | |||||||||||||||||||||||||||||
12/2/13 | Oakland / San Leandro St | CA | — | 1,668 | 7,652 | 123 | 1,668 | 7,775 | 9,443 | 210 | |||||||||||||||||||||||||||||
7/1/05 | Oceanside / Oceanside Blvd 1 | CA | 9,091 | 3,241 | 11,361 | 872 | 3,241 | 12,233 | 15,474 | 3,235 | |||||||||||||||||||||||||||||
12/9/14 | Oceanside / Oceanside Blvd 2 | CA | — | 4,508 | 4,599 | — | 4,508 | 4,599 | 9,107 | — | |||||||||||||||||||||||||||||
11/30/12 | Orange | CA | 12,392 | 4,847 | 12,341 | 227 | 4,847 | 12,568 | 17,415 | 699 | |||||||||||||||||||||||||||||
12/2/13 | Oxnard | CA | — | 5,421 | 6,761 | 77 | 5,421 | 6,838 | 12,259 | 183 | |||||||||||||||||||||||||||||
8/1/09 | Pacoima | CA | 2,211 | 3,050 | 7,597 | 94 | 3,050 | 7,691 | 10,741 | 1,057 | |||||||||||||||||||||||||||||
1/1/05 | Palmdale | CA | 4,746 | 1,225 | 5,379 | 2,229 | 1,225 | 7,608 | 8,833 | 1,938 | |||||||||||||||||||||||||||||
10/19/11 | Paramount | CA | 2,596 | 1,404 | 2,549 | 159 | 1,404 | 2,708 | 4,112 | 246 | |||||||||||||||||||||||||||||
8/31/00 | Pico Rivera / Beverly Blvd | CA | 4,073 | 1,150 | 3,450 | 185 | 1,150 | 3,635 | 4,785 | 1,265 | |||||||||||||||||||||||||||||
3/4/14 | Pico Rivera / San Gabriel River Pkwy | CA | — | 2,150 | 4,734 | — | 2,150 | 4,734 | 6,884 | 96 | |||||||||||||||||||||||||||||
10/19/11 | Placentia | CA | 6,743 | 4,798 | 5,483 | 225 | 4,798 | 5,708 | 10,506 | 492 | |||||||||||||||||||||||||||||
5/24/07 | Pleasanton | CA | 6,955 | 1,208 | 4,283 | 431 | 1,208 | 4,714 | 5,922 | 1,134 | |||||||||||||||||||||||||||||
6/1/04 | Richmond / Lakeside Dr | CA | 4,872 | 953 | 4,635 | 613 | 953 | 5,248 | 6,201 | 1,579 | |||||||||||||||||||||||||||||
9/26/13 | Richmond / Meeker Ave | CA | — | 3,139 | 7,437 | 213 | 3,139 | 7,650 | 10,789 | 250 | |||||||||||||||||||||||||||||
8/18/04 | Riverside | CA | — | 1,075 | 4,042 | 544 | 1,075 | 4,586 | 5,661 | 1,363 | |||||||||||||||||||||||||||||
12/2/13 | Rocklin | CA | — | 1,745 | 8,005 | 42 | 1,745 | 8,047 | 9,792 | 214 | |||||||||||||||||||||||||||||
11/4/13 | Rohnert Park | CA | — | 990 | 8,094 | 50 | 990 | 8,144 | 9,134 | 235 | |||||||||||||||||||||||||||||
7/1/05 | Sacramento / Auburn Blvd | CA | 3,936 | 852 | 4,720 | 519 | 852 | 5,239 | 6,091 | 1,444 | |||||||||||||||||||||||||||||
12/31/07 | Sacramento / Stockton Blvd | CA | 2,886 | 952 | 6,936 | 447 | 1,075 | 7,260 | 8,335 | 803 | |||||||||||||||||||||||||||||
10/1/10 | Sacramento / Franklin Blvd | CA | 3,035 | 1,738 | 5,522 | 117 | 1,844 | 5,533 | 7,377 | 618 | |||||||||||||||||||||||||||||
6/1/04 | San Bernardino / W Club Center Dr | CA | — | 1,213 | 3,061 | 135 | 1,173 | 3,236 | 4,409 | 932 | |||||||||||||||||||||||||||||
6/1/06 | San Bernardino / Sterling Ave. | CA | — | 750 | 5,135 | 109 | 750 | 5,244 | 5,994 | 1,114 | |||||||||||||||||||||||||||||
8/29/13 | San Diego | CA | — | 5,919 | 6,729 | 300 | 5,919 | 7,029 | 12,948 | 234 | |||||||||||||||||||||||||||||
10/19/11 | San Dimas | CA | 5,394 | 1,867 | 6,354 | 173 | 1,867 | 6,527 | 8,394 | 559 | |||||||||||||||||||||||||||||
6/14/07 | San Francisco / Folsom | CA | 12,203 | 8,457 | 9,928 | 1,806 | 8,457 | 11,734 | 20,191 | 2,746 | |||||||||||||||||||||||||||||
8/29/13 | San Francisco / Egbert Ave | CA | — | 5,098 | 4,054 | 253 | 5,098 | 4,307 | 9,405 | 140 | |||||||||||||||||||||||||||||
9/1/09 | San Jose / N 10th St | CA | 10,784 | 5,340 | 6,821 | 250 | 5,340 | 7,071 | 12,411 | 943 | |||||||||||||||||||||||||||||
7/26/12 | San Jose / Charter Park Dr | CA | 2,455 | 2,428 | 2,323 | 228 | 2,428 | 2,551 | 4,979 | 182 | |||||||||||||||||||||||||||||
8/1/07 | San Leandro / Doolittle Dr | CA | 14,454 | 4,601 | 9,777 | 3,486 | 4,601 | 13,263 | 17,864 | 2,870 | |||||||||||||||||||||||||||||
10/1/10 | San Leandro / Washington Ave | CA | — | 3,343 | 6,630 | (73 | ) | (f) | 3,291 | 6,609 | 9,900 | 729 | |||||||||||||||||||||||||||
8/29/13 | San Ramon | CA | — | 4,819 | 5,819 | 197 | 4,819 | 6,016 | 10,835 | 195 | |||||||||||||||||||||||||||||
8/29/13 | Santa Ana | CA | — | 3,485 | 2,382 | 197 | 3,485 | 2,579 | 6,064 | 87 | |||||||||||||||||||||||||||||
7/30/09 | Santa Clara | CA | 8,082 | 4,750 | 8,218 | 32 | 4,750 | 8,250 | 13,000 | 1,130 | |||||||||||||||||||||||||||||
7/2/12 | Santa Cruz | CA | 8,596 | 1,588 | 11,160 | 71 | 1,588 | 11,231 | 12,819 | 713 | |||||||||||||||||||||||||||||
10/4/07 | Santa Fe Springs | CA | 6,467 | 3,617 | 7,022 | 318 | 3,617 | 7,340 | 10,957 | 1,505 | |||||||||||||||||||||||||||||
10/19/11 | Santa Maria / Farnel Rd | CA | 2,944 | 1,556 | 2,740 | 292 | 1,556 | 3,032 | 4,588 | 278 | |||||||||||||||||||||||||||||
10/19/11 | Santa Maria / Skyway Dr | CA | 3,186 | 1,310 | 3,526 | 107 | 1,309 | 3,634 | 4,943 | 310 | |||||||||||||||||||||||||||||
8/31/04 | Sherman Oaks | CA | 16,513 | 4,051 | 12,152 | 469 | 4,051 | 12,621 | 16,672 | 3,398 | |||||||||||||||||||||||||||||
Simi Valley | CA | — | 5,533 | — | (5,533 | ) | (d,b g) | — | — | — | — | ||||||||||||||||||||||||||||
8/29/13 | Stanton | CA | — | 5,022 | 2,267 | 219 | 5,022 | 2,486 | 7,508 | 89 | |||||||||||||||||||||||||||||
5/19/02 | Stockton / Jamestown | CA | 2,436 | 649 | 3,272 | 241 | 649 | 3,513 | 4,162 | 1,168 | |||||||||||||||||||||||||||||
12/2/13 | Stockton / Pacific Ave | CA | — | 3,619 | 2,443 | 63 | 3,619 | 2,506 | 6,125 | 68 | |||||||||||||||||||||||||||||
4/25/14 | Sunland | CA | 5,039 | 1,688 | 6,381 | 37 | 1,688 | 6,418 | 8,106 | 117 | |||||||||||||||||||||||||||||
8/29/13 | Sunnyvale | CA | — | 10,732 | 5,004 | 193 | 10,732 | 5,197 | 15,929 | 172 | |||||||||||||||||||||||||||||
5/2/08 | Sylmar | CA | — | 3,058 | 4,671 | 255 | 3,058 | 4,926 | 7,984 | 973 | |||||||||||||||||||||||||||||
Thousand Oaks | CA | — | 4,500 | — | (1,000 | ) | (d) | 3,500 | — | 3,500 | — | ||||||||||||||||||||||||||||
7/15/03 | Tracy / E 11th St 1 | CA | 5,035 | 778 | 2,638 | 779 | 911 | 3,284 | 4,195 | 997 | |||||||||||||||||||||||||||||
4/1/04 | Tracy / E 11th St 2 | CA | 3,101 | 946 | 1,937 | 280 | 946 | 2,217 | 3,163 | 733 | |||||||||||||||||||||||||||||
6/25/07 | Vallejo | CA | 2,934 | 1,177 | 2,157 | 1,075 | 1,177 | 3,232 | 4,409 | 928 | |||||||||||||||||||||||||||||
8/29/13 | Van Nuys | CA | — | 7,939 | 2,576 | 335 | 7,939 | 2,911 | 10,850 | 98 | |||||||||||||||||||||||||||||
8/31/04 | Venice | CA | — | 2,803 | 8,410 | (3,057 | ) | (h) | 2,803 | 5,353 | 8,156 | 1,442 | |||||||||||||||||||||||||||
8/29/13 | Ventura | CA | — | 3,453 | 2,837 | 188 | 3,453 | 3,025 | 6,478 | 107 | |||||||||||||||||||||||||||||
10/19/11 | Victorville | CA | — | 151 | 751 | 155 | 151 | 906 | 1,057 | 94 | |||||||||||||||||||||||||||||
7/1/05 | Watsonville | CA | 3,187 | 1,699 | 3,056 | 252 | 1,699 | 3,308 | 5,007 | 895 | |||||||||||||||||||||||||||||
9/1/09 | West Sacramento | CA | — | 2,400 | 7,425 | 97 | 2,400 | 7,522 | 9,922 | 1,030 | |||||||||||||||||||||||||||||
6/19/02 | Whittier | CA | 3,328 | — | 2,985 | 186 | — | 3,171 | 3,171 | 1,048 | |||||||||||||||||||||||||||||
8/29/13 | Wilmington | CA | — | 6,792 | 10,726 | 17 | 6,792 | 10,743 | 17,535 | 357 | |||||||||||||||||||||||||||||
9/15/00 | Arvada | CO | 1,808 | 286 | 1,521 | 683 | 286 | 2,204 | 2,490 | 1,008 | |||||||||||||||||||||||||||||
5/25/11 | Castle Rock | CO | 1,091 | 407 | 3,077 | 183 | 407 | 3,260 | 3,667 | 327 | |||||||||||||||||||||||||||||
8/31/07 | Colorado Springs / Dublin Blvd | CO | 3,811 | 781 | 3,400 | 255 | 781 | 3,655 | 4,436 | 788 | |||||||||||||||||||||||||||||
11/25/08 | Colorado Springs / S 8th St | CO | 4,123 | 1,525 | 4,310 | 304 | 1,525 | 4,614 | 6,139 | 809 | |||||||||||||||||||||||||||||
6/10/11 | Colorado Springs / Austin Bluffs Pkwy | CO | 1,726 | 296 | 4,199 | 261 | 296 | 4,460 | 4,756 | 451 | |||||||||||||||||||||||||||||
10/24/14 | Colorado Springs / Stetson Hills Blvd | CO | — | 2,077 | 4,087 | 32 | 2,077 | 4,119 | 6,196 | — | |||||||||||||||||||||||||||||
9/15/00 | Denver / E 40th Ave | CO | 2,559 | 602 | 2,052 | 1,369 | 745 | 3,278 | 4,023 | 1,283 | |||||||||||||||||||||||||||||
7/1/05 | Denver / W 96th Ave | CO | 3,659 | 368 | 1,574 | 262 | 368 | 1,836 | 2,204 | 546 | |||||||||||||||||||||||||||||
7/18/12 | Fort Carson | CO | — | — | 6,945 | 99 | — | 7,044 | 7,044 | 452 | |||||||||||||||||||||||||||||
9/1/06 | Parker | CO | 4,822 | 800 | 4,549 | 780 | 800 | 5,329 | 6,129 | 1,330 | |||||||||||||||||||||||||||||
9/15/00 | Thornton | CO | 2,804 | 212 | 2,044 | 1,141 | 248 | 3,149 | 3,397 | 1,303 | |||||||||||||||||||||||||||||
9/15/00 | Westminster | CO | 2,115 | 291 | 1,586 | 1,081 | 299 | 2,659 | 2,958 | 1,241 | |||||||||||||||||||||||||||||
3/17/14 | Bridgeport | CT | — | 1,072 | 14,028 | 107 | 1,072 | 14,135 | 15,207 | 286 | |||||||||||||||||||||||||||||
7/2/12 | Brookfield | CT | 5,099 | 991 | 7,891 | 119 | 991 | 8,010 | 9,001 | 522 | |||||||||||||||||||||||||||||
1/15/04 | Groton | CT | — | 1,277 | 3,992 | 406 | 1,277 | 4,398 | 5,675 | 1,420 | |||||||||||||||||||||||||||||
12/31/07 | Middletown | CT | 2,789 | 932 | 2,810 | 195 | 932 | 3,005 | 3,937 | 576 | |||||||||||||||||||||||||||||
11/4/13 | Newington | CT | — | 1,363 | 2,978 | 407 | 1,363 | 3,385 | 4,748 | 94 | |||||||||||||||||||||||||||||
8/16/02 | Wethersfield | CT | 4,069 | 709 | 4,205 | 227 | 709 | 4,432 | 5,141 | 1,451 | |||||||||||||||||||||||||||||
5/2/12 | Auburndale | FL | 1,271 | 470 | 1,076 | 142 | 470 | 1,218 | 1,688 | 98 | |||||||||||||||||||||||||||||
7/15/09 | Bonita Springs | FL | — | 2,198 | 8,215 | 107 | 2,198 | 8,322 | 10,520 | 1,128 | |||||||||||||||||||||||||||||
12/23/14 | Bradenton | FL | — | 1,333 | 3,677 | — | 1,333 | 3,677 | 5,010 | — | |||||||||||||||||||||||||||||
11/30/12 | Brandon | FL | 4,609 | 1,327 | 5,656 | 128 | 1,327 | 5,784 | 7,111 | 327 | |||||||||||||||||||||||||||||
6/19/08 | Coral Springs | FL | 6,288 | 3,638 | 6,590 | 274 | 3,638 | 6,864 | 10,502 | 1,275 | |||||||||||||||||||||||||||||
1/6/06 | Deland | FL | 2,780 | 1,318 | 3,971 | 303 | 1,318 | 4,274 | 5,592 | 1,038 | |||||||||||||||||||||||||||||
8/26/04 | Fort Lauderdale / NW 31st Ave | FL | — | 1,587 | 4,205 | 353 | 1,587 | 4,558 | 6,145 | 1,333 | |||||||||||||||||||||||||||||
5/4/11 | Fort Lauderdale / S State Rd 7 | FL | 7,046 | 2,750 | 7,002 | 561 | 2,750 | 7,563 | 10,313 | 749 | |||||||||||||||||||||||||||||
11/30/12 | Fort Lauderdale / Commercial Blvd | FL | 5,094 | 1,576 | 5,397 | 275 | 1,576 | 5,672 | 7,248 | 319 | |||||||||||||||||||||||||||||
8/26/04 | Fort Myers / Cypress Lake Dr | FL | 2,776 | 1,691 | 4,711 | 320 | 1,691 | 5,031 | 6,722 | 1,436 | |||||||||||||||||||||||||||||
7/1/05 | Fort Myers / San Carlos Blvd | FL | 4,124 | 1,985 | 4,983 | 479 | 1,985 | 5,462 | 7,447 | 1,510 | |||||||||||||||||||||||||||||
3/8/05 | Greenacres | FL | 2,575 | 1,463 | 3,244 | 146 | 1,463 | 3,390 | 4,853 | 915 | |||||||||||||||||||||||||||||
8/1/08 | Hialeah / Okeechobee Rd | FL | — | 2,800 | 7,588 | 127 | 2,800 | 7,715 | 10,515 | 1,278 | |||||||||||||||||||||||||||||
1/1/10 | Hialeah / E 65th Street | FL | — | 1,750 | 7,150 | 105 | 1,750 | 7,255 | 9,005 | 933 | |||||||||||||||||||||||||||||
9/1/10 | Hialeah / W 84th St | FL | — | 1,678 | 6,807 | 75 | 1,678 | 6,882 | 8,560 | 761 | |||||||||||||||||||||||||||||
11/20/07 | Hollywood | FL | 6,741 | 3,214 | 8,689 | 326 | 3,214 | 9,015 | 12,229 | 1,762 | |||||||||||||||||||||||||||||
12/28/12 | Kenneth City | FL | 2,389 | 805 | 3,345 | 41 | 805 | 3,386 | 4,191 | 182 | |||||||||||||||||||||||||||||
5/2/12 | Lakeland / Harden Blvd | FL | 3,847 | 593 | 4,701 | 168 | 593 | 4,869 | 5,462 | 370 | |||||||||||||||||||||||||||||
5/2/12 | Lakeland / South Florida Ave | FL | 5,526 | 871 | 6,905 | 211 | 871 | 7,116 | 7,987 | 508 | |||||||||||||||||||||||||||||
9/3/14 | Lakeland / US Hwy 98 | FL | — | 529 | 3,604 | 55 | 529 | 3,659 | 4,188 | 28 | |||||||||||||||||||||||||||||
12/27/12 | Land O Lakes | FL | — | 798 | 4,490 | (7 | ) | (e) | 799 | 4,482 | 5,281 | 246 | |||||||||||||||||||||||||||
8/26/04 | Madeira Beach | FL | 3,695 | 1,686 | 5,163 | 248 | 1,686 | 5,411 | 7,097 | 1,517 | |||||||||||||||||||||||||||||
8/10/00 | Margate | FL | 3,329 | 430 | 3,139 | 707 | 469 | 3,807 | 4,276 | 1,467 | |||||||||||||||||||||||||||||
8/10/00 | Miami / NW 12th St | FL | — | 1,325 | 4,395 | 947 | 1,440 | 5,227 | 6,667 | 2,036 | |||||||||||||||||||||||||||||
8/10/00 | Miami / SW 72nd Street | FL | 7,893 | 5,315 | 4,305 | 1,385 | 5,859 | 5,146 | 11,005 | 1,937 | |||||||||||||||||||||||||||||
5/31/07 | Miami / SW 186th St | FL | 4,439 | 1,238 | 7,597 | 317 | 1,238 | 7,914 | 9,152 | 1,673 | |||||||||||||||||||||||||||||
2/4/11 | Miami / SW 147th Ave | FL | — | 2,375 | 5,543 | 98 | 2,374 | 5,642 | 8,016 | 516 | |||||||||||||||||||||||||||||
10/25/11 | Miami / Hammocks Blvd | FL | — | 521 | 5,198 | 129 | 521 | 5,327 | 5,848 | 477 | |||||||||||||||||||||||||||||
7/2/12 | Miami / NW 2nd Ave | FL | 5,676 | 1,979 | 6,513 | 154 | 1,979 | 6,667 | 8,646 | 440 | |||||||||||||||||||||||||||||
7/2/12 | Miami / Coral Way | FL | 8,006 | 3,257 | 9,713 | 116 | 3,257 | 9,829 | 13,086 | 638 | |||||||||||||||||||||||||||||
11/8/13 | Miami / SW 68th Ave | FL | 10,079 | 3,305 | 11,997 | 23 | 3,305 | 12,020 | 15,325 | 347 | |||||||||||||||||||||||||||||
11/30/09 | Miami Gardens | FL | 6,757 | 4,798 | 9,475 | 129 | 4,798 | 9,604 | 14,402 | 1,254 | |||||||||||||||||||||||||||||
12/27/12 | N Fort Myers | FL | — | 799 | 2,372 | (3,171 | ) | (a) | — | — | — | — | |||||||||||||||||||||||||||
11/1/13 | Naples | FL | 5,061 | 1,990 | 4,887 | 310 | 1,990 | 5,197 | 7,187 | 485 | |||||||||||||||||||||||||||||
11/8/13 | Naranja | FL | 8,645 | 603 | 11,223 | 28 | 603 | 11,251 | 11,854 | 325 | |||||||||||||||||||||||||||||
8/10/00 | North Lauderdale | FL | 4,101 | 428 | 3,516 | 1,013 | 459 | 4,498 | 4,957 | 1,869 | |||||||||||||||||||||||||||||
6/1/04 | North Miami | FL | 8,645 | 1,256 | 6,535 | 583 | 1,256 | 7,118 | 8,374 | 2,128 | |||||||||||||||||||||||||||||
3/8/05 | Ocoee | FL | 3,047 | 872 | 3,642 | 240 | 872 | 3,882 | 4,754 | 1,089 | |||||||||||||||||||||||||||||
8/26/04 | Orlando / LB McLeod Rd | FL | 4,272 | 1,216 | 5,008 | 422 | 1,216 | 5,430 | 6,646 | 1,556 | |||||||||||||||||||||||||||||
3/8/05 | Orlando / Hunters Creek | FL | 4,026 | 2,233 | 9,223 | 375 | 2,233 | 9,598 | 11,831 | 2,616 | |||||||||||||||||||||||||||||
3/8/05 | Orlando / Metrowest | FL | 5,688 | 1,474 | 6,101 | 278 | 1,474 | 6,379 | 7,853 | 1,715 | |||||||||||||||||||||||||||||
3/8/05 | Orlando / Waterford Lakes | FL | 3,834 | 1,166 | 4,816 | 1,286 | 1,166 | 6,102 | 7,268 | 1,553 | |||||||||||||||||||||||||||||
7/15/10 | Orlando / Orange Blossom Trail | FL | — | 625 | 2,133 | 82 | 625 | 2,215 | 2,840 | 284 | |||||||||||||||||||||||||||||
11/7/13 | Palm Springs | FL | — | 2,108 | 8,028 | 110 | 2,108 | 8,138 | 10,246 | 242 | |||||||||||||||||||||||||||||
Plantation | FL | — | 3,850 | — | (1,504 | ) | (d) | 2,346 | — | 2,346 | — | ||||||||||||||||||||||||||||
8/26/04 | Port Charlotte | FL | — | 1,389 | 4,632 | 228 | 1,389 | 4,860 | 6,249 | 1,359 | |||||||||||||||||||||||||||||
8/26/04 | Riverview | FL | 2,351 | 654 | 2,953 | 271 | 654 | 3,224 | 3,878 | 934 | |||||||||||||||||||||||||||||
11/30/12 | Sarasota / Clark Rd | FL | 7,896 | 4,666 | 9,016 | 233 | 4,666 | 9,249 | 13,915 | 518 | |||||||||||||||||||||||||||||
12/23/14 | Sarasota / Washington Blvd | FL | — | 1,192 | 2,919 | — | 1,192 | 2,919 | 4,111 | — | |||||||||||||||||||||||||||||
12/3/12 | Seminole | FL | 2,473 | 1,133 | 3,017 | 165 | 1,133 | 3,182 | 4,315 | 177 | |||||||||||||||||||||||||||||
12/23/14 | South Pasadena | FL | — | 8,890 | 10,106 | — | 8,890 | 10,106 | 18,996 | — | |||||||||||||||||||||||||||||
4/15/14 | Stuart | FL | — | 1,640 | 8,358 | 130 | 1,640 | 8,488 | 10,128 | 157 | |||||||||||||||||||||||||||||
11/1/13 | Tamiami | FL | 5,718 | 5,042 | 7,164 | 216 | 5,042 | 7,380 | 12,422 | 792 | |||||||||||||||||||||||||||||
11/22/06 | Tampa / Cypress St | FL | 3,601 | 883 | 3,533 | 149 | 881 | 3,684 | 4,565 | 828 | |||||||||||||||||||||||||||||
3/27/07 | Tampa / W Cleveland St | FL | 3,779 | 1,425 | 4,766 | 309 | 1,425 | 5,075 | 6,500 | 1,160 | |||||||||||||||||||||||||||||
12/23/14 | Tampa / W Hillsborough Ave | FL | — | 1,086 | 2,937 | — | 1,086 | 2,937 | 4,023 | — | |||||||||||||||||||||||||||||
8/26/04 | Valrico | FL | 4,476 | 1,197 | 4,411 | 258 | 1,197 | 4,669 | 5,866 | 1,335 | |||||||||||||||||||||||||||||
1/13/06 | Venice | FL | 6,811 | 1,969 | 5,903 | 316 | 1,969 | 6,219 | 8,188 | 1,564 | |||||||||||||||||||||||||||||
8/10/00 | West Palm Beach / N Military Trail 1 | FL | — | 1,312 | 2,511 | 948 | 1,416 | 3,355 | 4,771 | 1,335 | |||||||||||||||||||||||||||||
8/10/00 | West Palm Beach / Forest Hill Bl | FL | — | 1,164 | 2,511 | 730 | 1,246 | 3,159 | 4,405 | 1,239 | |||||||||||||||||||||||||||||
7/1/05 | West Palm Beach / Southern Blvd | FL | 3,749 | 1,752 | 4,909 | 423 | 1,752 | 5,332 | 7,084 | 1,535 | |||||||||||||||||||||||||||||
12/1/11 | West Palm Beach / S Military Trail | FL | 3,399 | 1,729 | 4,058 | 99 | 1,730 | 4,156 | 5,886 | 341 | |||||||||||||||||||||||||||||
11/1/13 | West Palm Beach / N Military Trail 2 | FL | 2,437 | 1,595 | 2,833 | 74 | 1,595 | 2,907 | 4,502 | 329 | |||||||||||||||||||||||||||||
8/8/06 | Alpharetta | GA | 2,528 | 1,893 | 3,161 | 170 | 1,893 | 3,331 | 5,224 | 787 | |||||||||||||||||||||||||||||
8/26/04 | Atlanta / Cheshire Bridge Rd NE | GA | 7,820 | 3,737 | 8,333 | 646 | 3,737 | 8,979 | 12,716 | 2,497 | |||||||||||||||||||||||||||||
8/26/04 | Atlanta / Roswell Rd | GA | — | 1,665 | 2,028 | 256 | 1,665 | 2,284 | 3,949 | 689 | |||||||||||||||||||||||||||||
2/28/05 | Atlanta / Virginia Ave | GA | 6,432 | 3,319 | 8,325 | 556 | 3,319 | 8,881 | 12,200 | 2,442 | |||||||||||||||||||||||||||||
4/3/14 | Atlanta / Mt Vernon Hwy | GA | — | 2,961 | 19,819 | 71 | 2,961 | 19,890 | 22,851 | 362 | |||||||||||||||||||||||||||||
8/6/14 | Atlanta / Chattahoochee Ave | GA | — | 1,132 | 10,080 | 77 | 1,132 | 10,157 | 11,289 | 98 | |||||||||||||||||||||||||||||
10/22/14 | Atlanta / Edgewood Ave SE | GA | — | 588 | 10,295 | 1 | 588 | 10,296 | 10,884 | — | |||||||||||||||||||||||||||||
11/4/13 | Augusta | GA | 2,064 | 710 | 2,299 | 51 | 710 | 2,350 | 3,060 | 69 | |||||||||||||||||||||||||||||
1/17/06 | Dacula | GA | 3,723 | 1,993 | 3,001 | 155 | 1,993 | 3,156 | 5,149 | 765 | |||||||||||||||||||||||||||||
6/17/10 | Douglasville | GA | — | 1,209 | 719 | 326 | 1,209 | 1,045 | 2,254 | 179 | |||||||||||||||||||||||||||||
6/14/07 | Duluth | GA | 3,448 | 1,454 | 4,151 | 148 | 1,454 | 4,299 | 5,753 | 876 | |||||||||||||||||||||||||||||
11/30/12 | Eastpoint | GA | 5,584 | 1,718 | 6,388 | 111 | 1,718 | 6,499 | 8,217 | 361 | |||||||||||||||||||||||||||||
6/17/10 | Kennesaw | GA | — | 673 | 1,151 | 157 | 673 | 1,308 | 1,981 | 183 | |||||||||||||||||||||||||||||
11/4/13 | Lawrenceville | GA | 3,400 | 2,117 | 2,784 | 282 | 2,117 | 3,066 | 5,183 | 93 | |||||||||||||||||||||||||||||
11/12/09 | Lithonia | GA | — | 1,958 | 3,645 | 120 | 1,958 | 3,765 | 5,723 | 518 | |||||||||||||||||||||||||||||
6/17/10 | Marietta | GA | — | 887 | 2,617 | 306 | 887 | 2,923 | 3,810 | 383 | |||||||||||||||||||||||||||||
8/26/04 | Snellville | GA | — | 2,691 | 4,026 | 314 | 2,691 | 4,340 | 7,031 | 1,252 | |||||||||||||||||||||||||||||
8/26/04 | Stone Mountain / Annistown Rd | GA | 2,828 | 1,817 | 4,382 | 296 | 1,817 | 4,678 | 6,495 | 1,323 | |||||||||||||||||||||||||||||
7/1/05 | Stone Mountain / S Hairston Rd | GA | 2,573 | 925 | 3,505 | 331 | 925 | 3,836 | 4,761 | 1,036 | |||||||||||||||||||||||||||||
6/14/07 | Sugar Hill / Nelson Brogdon Blvd 1 | GA | — | 1,371 | 2,547 | 208 | 1,371 | 2,755 | 4,126 | 597 | |||||||||||||||||||||||||||||
6/14/07 | Sugar Hill / Nelson Brogdon Blvd 2 | GA | — | 1,368 | 2,540 | 231 | 1,368 | 2,771 | 4,139 | 597 | |||||||||||||||||||||||||||||
10/15/13 | Tucker | GA | — | 1,773 | 10,456 | 49 | 1,773 | 10,505 | 12,278 | 326 | |||||||||||||||||||||||||||||
8/26/04 | Alpharetta | GL | — | 1,973 | 1,587 | 262 | 1,973 | 1,849 | 3,822 | 558 | |||||||||||||||||||||||||||||
5/3/13 | Honolulu | HI | — | 4,674 | 18,350 | 58 | 4,674 | 18,408 | 23,082 | 771 | |||||||||||||||||||||||||||||
6/25/07 | Kahului | HI | — | 3,984 | 15,044 | 692 | 3,984 | 15,736 | 19,720 | 3,291 | |||||||||||||||||||||||||||||
6/25/07 | Kapolei / Farrington Hwy 1 | HI | 9,495 | — | 24,701 | 449 | — | 25,150 | 25,150 | 5,018 | |||||||||||||||||||||||||||||
12/6/13 | Kapolei / Farrington Hwy 2 | HI | — | — | 7,776 | 11 | — | 7,787 | 7,787 | 208 | |||||||||||||||||||||||||||||
5/3/13 | Wahiawa | HI | — | 1,317 | 2,626 | 77 | 1,317 | 2,703 | 4,020 | 116 | |||||||||||||||||||||||||||||
11/4/13 | Bedford Park | IL | 2,469 | 922 | 3,289 | 125 | 922 | 3,414 | 4,336 | 100 | |||||||||||||||||||||||||||||
7/1/05 | Chicago / South Wabash | IL | 4,124 | 621 | 3,428 | 2,312 | 621 | 5,740 | 6,361 | 1,384 | |||||||||||||||||||||||||||||
7/1/05 | Chicago / West Addison | IL | 2,999 | 449 | 2,471 | 776 | 449 | 3,247 | 3,696 | 1,000 | |||||||||||||||||||||||||||||
7/1/05 | Chicago / West Harrison | IL | 2,718 | 472 | 2,582 | 733 | 472 | 3,315 | 3,787 | 1,055 | |||||||||||||||||||||||||||||
2/13/13 | Chicago / Montrose | IL | 8,459 | 1,318 | 9,485 | 61 | 1,318 | 9,546 | 10,864 | 464 | |||||||||||||||||||||||||||||
11/4/13 | Chicago / 60th Street | IL | — | 1,363 | 5,850 | 129 | 1,363 | 5,979 | 7,342 | 173 | |||||||||||||||||||||||||||||
11/4/13 | Chicago / 87th St | IL | — | 2,881 | 6,324 | 9 | 2,881 | 6,333 | 9,214 | 183 | |||||||||||||||||||||||||||||
11/4/13 | Chicago / Pulaski Rd | IL | 3,743 | 1,143 | 6,138 | 111 | 1,143 | 6,249 | 7,392 | 180 | |||||||||||||||||||||||||||||
Chicago / Stony Island | IL | — | 1,925 | — | — | 1,925 | — | 1,925 | — | ||||||||||||||||||||||||||||||
7/15/03 | Crest Hill | IL | 2,377 | 847 | 2,946 | 786 | 968 | 3,611 | 4,579 | 1,074 | |||||||||||||||||||||||||||||
10/1/07 | Gurnee | IL | — | 1,374 | 8,296 | 125 | 1,374 | 8,421 | 9,795 | 1,580 | |||||||||||||||||||||||||||||
12/1/11 | Highland Park | IL | 7,120 | 5,798 | 6,016 | 86 | 5,798 | 6,102 | 11,900 | 499 | |||||||||||||||||||||||||||||
11/4/13 | Lincolnshire | IL | 3,585 | 1,438 | 5,128 | 2 | 1,438 | 5,130 | 6,568 | 148 | |||||||||||||||||||||||||||||
12/1/08 | Naperville / Ogden Avenue | IL | — | 2,800 | 7,355 | (724 | ) | (d) | 1,950 | 7,481 | 9,431 | 1,183 | |||||||||||||||||||||||||||
12/1/11 | Naperville / State Route 59 | IL | 4,834 | 1,860 | 5,793 | 91 | 1,860 | 5,884 | 7,744 | 475 | |||||||||||||||||||||||||||||
5/3/08 | North Aurora | IL | 2,447 | 600 | 5,833 | 141 | 600 | 5,974 | 6,574 | 1,043 | |||||||||||||||||||||||||||||
7/2/12 | Skokie | IL | 3,996 | 1,119 | 7,502 | 206 | 1,119 | 7,708 | 8,827 | 501 | |||||||||||||||||||||||||||||
10/15/02 | South Holland | IL | 2,464 | 839 | 2,879 | 349 | 865 | 3,202 | 4,067 | 1,047 | |||||||||||||||||||||||||||||
8/1/08 | Tinley Park | IL | — | 1,823 | 4,794 | 981 | 1,548 | 6,050 | 7,598 | 825 | |||||||||||||||||||||||||||||
10/10/08 | Carmel | IN | — | 1,169 | 4,393 | 263 | 1,169 | 4,656 | 5,825 | 853 | |||||||||||||||||||||||||||||
6/27/11 | Connersville | IN | 1,114 | 472 | 315 | 109 | 472 | 424 | 896 | 60 | |||||||||||||||||||||||||||||
10/31/08 | Ft Wayne | IN | 3,974 | 1,899 | 3,292 | 290 | 1,899 | 3,582 | 5,481 | 688 | |||||||||||||||||||||||||||||
8/31/07 | Indianapolis / E 65th St | IN | — | 588 | 3,457 | 306 | 588 | 3,763 | 4,351 | 844 | |||||||||||||||||||||||||||||
10/10/08 | Indianapolis / Dandy Trail-Windham Lake Dr | IN | — | 850 | 4,545 | 387 | 850 | 4,932 | 5,782 | 949 | |||||||||||||||||||||||||||||
10/10/08 | Indianapolis / Southport Rd-Kildeer Dr | IN | — | 426 | 2,903 | 333 | 426 | 3,236 | 3,662 | 646 | |||||||||||||||||||||||||||||
11/30/12 | Indianapolis / E 86th St | IN | 1,083 | 646 | 1,294 | 159 | 646 | 1,453 | 2,099 | 94 | |||||||||||||||||||||||||||||
10/10/08 | Mishawaka | IN | 2,607 | 630 | 3,349 | 290 | 630 | 3,639 | 4,269 | 691 | |||||||||||||||||||||||||||||
6/27/11 | Richmond | IN | — | 723 | 482 | 428 | 723 | 910 | 1,633 | 107 | |||||||||||||||||||||||||||||
4/13/06 | Wichita | KS | 2,075 | 366 | 1,897 | 376 | 366 | 2,273 | 2,639 | 662 | |||||||||||||||||||||||||||||
6/27/11 | Covington | KY | 1,992 | 839 | 2,543 | 128 | 839 | 2,671 | 3,510 | 272 | |||||||||||||||||||||||||||||
7/1/05 | Louisville / Bardstown Rd | KY | 2,812 | 586 | 3,244 | 389 | 586 | 3,633 | 4,219 | 1,024 | |||||||||||||||||||||||||||||
7/1/05 | Louisville / Warwick Ave | KY | 4,403 | 1,217 | 4,611 | 211 | 1,217 | 4,822 | 6,039 | 1,281 | |||||||||||||||||||||||||||||
12/1/05 | Louisville / Wattbourne Ln | KY | 4,714 | 892 | 2,677 | 232 | 892 | 2,909 | 3,801 | 728 | |||||||||||||||||||||||||||||
8/26/04 | Metairie | LA | 3,768 | 2,056 | 4,216 | 184 | 2,056 | 4,400 | 6,456 | 1,235 | |||||||||||||||||||||||||||||
8/26/04 | New Orleans | LA | 5,327 | 4,058 | 4,325 | 688 | 4,058 | 5,013 | 9,071 | 1,490 | |||||||||||||||||||||||||||||
6/1/03 | Ashland | MA | — | 474 | 3,324 | 346 | 474 | 3,670 | 4,144 | 1,339 | |||||||||||||||||||||||||||||
5/1/04 | Auburn | MA | — | 918 | 3,728 | 325 | 918 | 4,053 | 4,971 | 1,543 | |||||||||||||||||||||||||||||
11/4/13 | Billerica | MA | — | 3,023 | 6,697 | 108 | 3,023 | 6,805 | 9,828 | 196 | |||||||||||||||||||||||||||||
5/1/04 | Brockton / Centre St - Rte 123 | MA | — | 647 | 2,762 | 178 | 647 | 2,940 | 3,587 | 1,053 | |||||||||||||||||||||||||||||
11/4/13 | Brockton / Oak St | MA | — | 829 | 6,195 | 327 | 829 | 6,522 | 7,351 | 187 | |||||||||||||||||||||||||||||
11/9/12 | Danvers | MA | 7,662 | 3,115 | 5,736 | 149 | 3,115 | 5,885 | 9,000 | 323 | |||||||||||||||||||||||||||||
3/4/02 | Dedham / Milton St | MA | — | 2,127 | 3,041 | 626 | 2,127 | 3,667 | 5,794 | 1,407 | |||||||||||||||||||||||||||||
2/6/04 | Dedham / Allied Dr | MA | — | 2,443 | 7,328 | 1,393 | 2,443 | 8,721 | 11,164 | 2,659 | |||||||||||||||||||||||||||||
2/6/04 | East Somerville | MA | — | — | — | 152 | — | 152 | 152 | 107 | |||||||||||||||||||||||||||||
7/1/05 | Everett | MA | — | 692 | 2,129 | 786 | 692 | 2,915 | 3,607 | 942 | |||||||||||||||||||||||||||||
5/1/04 | Foxboro | MA | — | 759 | 4,158 | 466 | 759 | 4,624 | 5,383 | 1,886 | |||||||||||||||||||||||||||||
7/2/12 | Framingham | MA | — | — | — | 35 | — | 35 | 35 | 7 | |||||||||||||||||||||||||||||
5/1/04 | Hudson | MA | 3,328 | 806 | 3,122 | 404 | 806 | 3,526 | 4,332 | 1,471 | |||||||||||||||||||||||||||||
12/31/07 | Jamaica Plain | MA | 9,469 | 3,285 | 11,275 | 599 | 3,285 | 11,874 | 15,159 | 2,179 | |||||||||||||||||||||||||||||
10/18/02 | Kingston | MA | — | 555 | 2,491 | 155 | 555 | 2,646 | 3,201 | 995 | |||||||||||||||||||||||||||||
6/22/01 | Lynn | MA | — | 1,703 | 3,237 | 432 | 1,703 | 3,669 | 5,372 | 1,366 | |||||||||||||||||||||||||||||
3/31/04 | Marshfield | MA | 4,602 | 1,039 | 4,155 | 243 | 1,026 | 4,411 | 5,437 | 1,285 | |||||||||||||||||||||||||||||
11/14/02 | Milton | MA | — | 2,838 | 3,979 | 6,642 | 2,838 | 10,621 | 13,459 | 2,458 | |||||||||||||||||||||||||||||
11/4/13 | North Andover | MA | — | 773 | 4,120 | 120 | 773 | 4,240 | 5,013 | 123 | |||||||||||||||||||||||||||||
10/15/99 | North Oxford | MA | — | 482 | 1,762 | 470 | 526 | 2,188 | 2,714 | 924 | |||||||||||||||||||||||||||||
2/28/01 | Northborough | MA | 4,544 | 280 | 2,715 | 537 | 280 | 3,252 | 3,532 | 1,339 | |||||||||||||||||||||||||||||
8/15/99 | Norwood | MA | 6,626 | 2,160 | 2,336 | 1,783 | 2,220 | 4,059 | 6,279 | 1,434 | |||||||||||||||||||||||||||||
7/1/05 | Plainville | MA | 4,991 | 2,223 | 4,430 | 434 | 2,223 | 4,864 | 7,087 | 1,580 | |||||||||||||||||||||||||||||
2/6/04 | Quincy | MA | 6,910 | 1,359 | 4,078 | 424 | 1,359 | 4,502 | 5,861 | 1,320 | |||||||||||||||||||||||||||||
5/15/00 | Raynham | MA | — | 588 | 2,270 | 737 | 669 | 2,926 | 3,595 | 1,109 | |||||||||||||||||||||||||||||
12/1/11 | Revere | MA | 4,963 | 2,275 | 6,935 | 154 | 2,275 | 7,089 | 9,364 | 575 | |||||||||||||||||||||||||||||
6/1/03 | Saugus | MA | — | 1,725 | 5,514 | 577 | 1,725 | 6,091 | 7,816 | 2,013 | |||||||||||||||||||||||||||||
6/15/01 | Somerville | MA | 11,922 | 1,728 | 6,570 | 779 | 1,731 | 7,346 | 9,077 | 2,531 | |||||||||||||||||||||||||||||
7/1/05 | Stoneham | MA | 5,918 | 944 | 5,241 | 179 | 944 | 5,420 | 6,364 | 1,415 | |||||||||||||||||||||||||||||
5/1/04 | Stoughton | MA | — | 1,754 | 2,769 | 315 | 1,754 | 3,084 | 4,838 | 1,221 | |||||||||||||||||||||||||||||
7/2/12 | Tyngsboro | MA | 3,463 | 1,843 | 5,004 | 45 | 1,843 | 5,049 | 6,892 | 327 | |||||||||||||||||||||||||||||
2/6/04 | Waltham | MA | 5,176 | 3,770 | 11,310 | 1,115 | 3,770 | 12,425 | 16,195 | 3,613 | |||||||||||||||||||||||||||||
9/14/00 | Weymouth | MA | — | 2,806 | 3,129 | 231 | 2,806 | 3,360 | 6,166 | 1,328 | |||||||||||||||||||||||||||||
2/6/04 | Woburn | MA | — | — | — | 267 | — | 267 | 267 | 119 | |||||||||||||||||||||||||||||
5/1/04 | Worcester / Millbury St | MA | 4,476 | 896 | 4,377 | 3,172 | 896 | 7,549 | 8,445 | 2,504 | |||||||||||||||||||||||||||||
12/1/06 | Worcester / Ararat St | MA | 4,086 | 1,350 | 4,433 | 162 | 1,350 | 4,595 | 5,945 | 998 | |||||||||||||||||||||||||||||
4/17/07 | Annapolis / Trout Rd | MD | 6,437 | 5,248 | 7,247 | 204 | 5,248 | 7,451 | 12,699 | 1,550 | |||||||||||||||||||||||||||||
8/31/07 | Annapolis / Renard Ct - Annex | MD | 6,039 | 1,375 | 8,896 | 325 | 1,375 | 9,221 | 10,596 | 1,899 | |||||||||||||||||||||||||||||
7/1/05 | Arnold | MD | 8,904 | 2,558 | 9,446 | 453 | 2,558 | 9,899 | 12,457 | 2,559 | |||||||||||||||||||||||||||||
11/1/08 | Baltimore / Moravia Rd | MD | 4,424 | 800 | 5,955 | 113 | 800 | 6,068 | 6,868 | 990 | |||||||||||||||||||||||||||||
6/1/10 | Baltimore / N Howard St | MD | — | 1,900 | 5,277 | 136 | 1,900 | 5,413 | 7,313 | 654 | |||||||||||||||||||||||||||||
5/31/12 | Baltimore / Eastern Ave 1 | MD | 4,540 | 1,185 | 5,051 | 130 | 1,185 | 5,181 | 6,366 | 358 | |||||||||||||||||||||||||||||
2/13/13 | Baltimore / Eastern Ave 2 | MD | 7,108 | 1,266 | 10,789 | 79 | 1,266 | 10,868 | 12,134 | 531 | |||||||||||||||||||||||||||||
7/1/05 | Bethesda | MD | 11,997 | 3,671 | 18,331 | 1,400 | 3,671 | 19,731 | 23,402 | 5,407 | |||||||||||||||||||||||||||||
10/20/10 | Capitol Heights | MD | 8,276 | 1,461 | 9,866 | 208 | 1,461 | 10,074 | 11,535 | 1,145 | |||||||||||||||||||||||||||||
3/7/12 | Cockeysville | MD | 3,853 | 465 | 5,600 | 204 | 465 | 5,804 | 6,269 | 449 | |||||||||||||||||||||||||||||
7/1/05 | Columbia | MD | 7,873 | 1,736 | 9,632 | 282 | 1,736 | 9,914 | 11,650 | 2,542 | |||||||||||||||||||||||||||||
Edgewood | MD | — | 1,000 | — | (575 | ) | (d) | 425 | — | 425 | — | ||||||||||||||||||||||||||||
1/11/07 | Ft. Washington | MD | 9,040 | 4,920 | 9,174 | 227 | 4,920 | 9,401 | 14,321 | 1,997 | |||||||||||||||||||||||||||||
7/2/12 | Gambrills | MD | 4,842 | 1,905 | 7,104 | 102 | 1,905 | 7,206 | 9,111 | 456 | |||||||||||||||||||||||||||||
7/8/11 | Glen Burnie | MD | 4,514 | 1,303 | 4,218 | 309 | 1,303 | 4,527 | 5,830 | 469 | |||||||||||||||||||||||||||||
6/10/13 | Hanover | MD | 7,437 | 2,160 | 11,340 | 55 | 2,160 | 11,395 | 13,555 | 454 | |||||||||||||||||||||||||||||
2/6/04 | Lanham | MD | 12,121 | 3,346 | 10,079 | 621 | 2,618 | 11,428 | 14,046 | 3,442 | |||||||||||||||||||||||||||||
12/27/07 | Laurel | MD | 5,977 | 3,000 | 5,930 | 92 | 3,000 | 6,022 | 9,022 | 1,149 | |||||||||||||||||||||||||||||
12/27/12 | Lexington Park | MD | — | 4,314 | 8,412 | 131 | 4,314 | 8,543 | 12,857 | 455 | |||||||||||||||||||||||||||||
9/17/08 | Pasadena / Fort Smallwood Rd | MD | 3,751 | 1,869 | 3,056 | 703 | 1,869 | 3,759 | 5,628 | 840 | |||||||||||||||||||||||||||||
3/24/11 | Pasadena / Mountain Rd | MD | — | 3,500 | 7,407 | 130 | 3,500 | 7,537 | 11,037 | 705 | |||||||||||||||||||||||||||||
8/1/11 | Randallstown | MD | 4,548 | 764 | 6,331 | 280 | 764 | 6,611 | 7,375 | 612 | |||||||||||||||||||||||||||||
9/1/06 | Rockville | MD | 12,185 | 4,596 | 11,328 | 322 | 4,596 | 11,650 | 16,246 | 2,568 | |||||||||||||||||||||||||||||
7/1/05 | Towson / East Joppa Rd 1 | MD | 3,843 | 861 | 4,742 | 221 | 861 | 4,963 | 5,824 | 1,331 | |||||||||||||||||||||||||||||
7/2/12 | Towson / East Joppa Rd 2 | MD | 6,125 | 1,094 | 9,598 | 117 | 1,094 | 9,715 | 10,809 | 619 | |||||||||||||||||||||||||||||
7/2/12 | Belleville | MI | 3,898 | 954 | 4,984 | 84 | 954 | 5,068 | 6,022 | 325 | |||||||||||||||||||||||||||||
7/1/05 | Grandville | MI | 1,593 | 726 | 1,298 | 408 | 726 | 1,706 | 2,432 | 572 | |||||||||||||||||||||||||||||
7/1/05 | Mt Clemens | MI | 1,968 | 798 | 1,796 | 477 | 798 | 2,273 | 3,071 | 653 | |||||||||||||||||||||||||||||
8/31/07 | Florissant | MO | 3,412 | 1,241 | 4,648 | 328 | 1,241 | 4,976 | 6,217 | 1,118 | |||||||||||||||||||||||||||||
7/1/05 | Grandview | MO | 1,031 | 612 | 1,770 | 404 | 612 | 2,174 | 2,786 | 713 | |||||||||||||||||||||||||||||
6/1/00 | St Louis / Forest Park | MO | 2,564 | 156 | 1,313 | 617 | 173 | 1,913 | 2,086 | 833 | |||||||||||||||||||||||||||||
6/1/00 | St Louis / Halls Ferry Rd | MO | 2,593 | 631 | 2,159 | 622 | 690 | 2,722 | 3,412 | 1,093 | |||||||||||||||||||||||||||||
8/31/07 | St Louis / Gravois Rd | MO | 2,664 | 676 | 3,551 | 325 | 676 | 3,876 | 4,552 | 879 | |||||||||||||||||||||||||||||
8/31/07 | St Louis / Old Tesson Rd | MO | 6,624 | 1,444 | 4,162 | 350 | 1,444 | 4,512 | 5,956 | 1,006 | |||||||||||||||||||||||||||||
10/15/13 | Cary | NC | 4,311 | 3,614 | 1,788 | 3 | 3,614 | 1,791 | 5,405 | 55 | |||||||||||||||||||||||||||||
12/11/14 | Greensboro / High Point Rd | NC | — | 1,069 | 4,199 | — | 1,069 | 4,199 | 5,268 | — | |||||||||||||||||||||||||||||
12/11/14 | Greensboro / Lawndale Drive | NC | — | 3,725 | 7,036 | — | 3,723 | 7,038 | 10,761 | — | |||||||||||||||||||||||||||||
12/11/14 | Hickory | NC | — | 875 | 5,418 | 3 | 875 | 5,421 | 6,296 | — | |||||||||||||||||||||||||||||
6/18/14 | Raleigh | NC | — | 2,940 | 4,265 | 26 | 2,940 | 4,291 | 7,231 | 60 | |||||||||||||||||||||||||||||
12/11/14 | Winston-Salem / Peters Creek Pkwy | NC | — | 1,548 | 3,495 | — | 1,548 | 3,495 | 5,043 | — | |||||||||||||||||||||||||||||
12/11/14 | Winston-Salem / University Pkwy | NC | — | 1,131 | 5,084 | — | 1,131 | 5,084 | 6,215 | — | |||||||||||||||||||||||||||||
4/15/99 | Merrimack | NH | 3,840 | 754 | 3,299 | 599 | 817 | 3,835 | 4,652 | 1,289 | |||||||||||||||||||||||||||||
7/1/05 | Nashua | NH | — | — | 755 | 102 | — | 857 | 857 | 328 | |||||||||||||||||||||||||||||
1/1/05 | Avenel | NJ | 7,612 | 1,518 | 8,037 | 383 | 1,518 | 8,420 | 9,938 | 2,289 | |||||||||||||||||||||||||||||
12/28/04 | Bayville | NJ | 3,747 | 1,193 | 5,312 | 389 | 1,193 | 5,701 | 6,894 | 1,595 | |||||||||||||||||||||||||||||
9/1/08 | Bellmawr | NJ | 3,296 | 3,600 | 4,765 | 307 | 3,675 | 4,997 | 8,672 | 760 | |||||||||||||||||||||||||||||
7/18/12 | Berkeley Heights | NJ | 6,981 | 1,598 | 7,553 | 93 | 1,598 | 7,646 | 9,244 | 494 | |||||||||||||||||||||||||||||
12/18/14 | Burlington | NJ | — | 477 | 6,534 | 10 | 477 | 6,544 | 7,021 | — | |||||||||||||||||||||||||||||
11/30/12 | Cherry Hill / Marlton Pike | NJ | 2,600 | 2,323 | 1,549 | 157 | 2,323 | 1,706 | 4,029 | 108 | |||||||||||||||||||||||||||||
12/18/14 | Cherry Hill / Rockhill Rd | NJ | — | 536 | 3,407 | 20 | 536 | 3,427 | 3,963 | — | |||||||||||||||||||||||||||||
11/30/12 | Cranbury | NJ | 6,910 | 3,543 | 5,095 | 295 | 3,543 | 5,390 | 8,933 | 307 | |||||||||||||||||||||||||||||
12/18/14 | Denville | NJ | — | 584 | 14,398 | — | 584 | 14,398 | 14,982 | — | |||||||||||||||||||||||||||||
12/31/01 | Edison | NJ | — | 2,519 | 8,547 | 733 | 2,519 | 9,280 | 11,799 | 3,257 | |||||||||||||||||||||||||||||
12/31/01 | Egg Harbor Township | NJ | 4,088 | 1,724 | 5,001 | 718 | 1,724 | 5,719 | 7,443 | 2,140 | |||||||||||||||||||||||||||||
3/15/07 | Ewing | NJ | — | 1,552 | 4,720 | (61 | ) | (c, d) | 1,562 | 4,649 | 6,211 | 1,000 | |||||||||||||||||||||||||||
7/18/12 | Fairfield | NJ | 6,083 | — | 9,402 | 93 | — | 9,495 | 9,495 | 610 | |||||||||||||||||||||||||||||
11/30/12 | Fort Lee | NJ | — | 4,402 | 9,831 | 251 | 4,402 | 10,082 | 14,484 | 557 | |||||||||||||||||||||||||||||
3/15/01 | Glen Rock | NJ | — | 1,109 | 2,401 | 558 | 1,222 | 2,846 | 4,068 | 962 | |||||||||||||||||||||||||||||
7/1/05 | Hackensack / South River St | NJ | — | 2,283 | 11,234 | 862 | 2,283 | 12,096 | 14,379 | 3,299 | |||||||||||||||||||||||||||||
12/18/14 | Hackensack / Railroad Ave | NJ | — | 2,053 | 9,882 | 13 | 2,053 | 9,895 | 11,948 | — | |||||||||||||||||||||||||||||
8/23/12 | Hackettstown | NJ | 5,960 | 2,144 | 6,660 | 138 | 2,144 | 6,798 | 8,942 | 426 | |||||||||||||||||||||||||||||
7/2/12 | Harrison | NJ | 3,592 | 300 | 6,003 | 367 | 300 | 6,370 | 6,670 | 405 | |||||||||||||||||||||||||||||
12/31/01 | Hazlet | NJ | 7,700 | 1,362 | 10,262 | 605 | 1,362 | 10,867 | 12,229 | 3,784 | |||||||||||||||||||||||||||||
7/2/02 | Hoboken | NJ | 7,876 | 2,687 | 6,092 | 309 | 2,687 | 6,401 | 9,088 | 2,117 | |||||||||||||||||||||||||||||
12/31/01 | Howell | NJ | 3,310 | 2,440 | 3,407 | 446 | 2,440 | 3,853 | 6,293 | 1,435 | |||||||||||||||||||||||||||||
12/31/01 | Iselin | NJ | 4,764 | 505 | 4,524 | 564 | 505 | 5,088 | 5,593 | 1,890 | |||||||||||||||||||||||||||||
11/30/12 | Lawnside | NJ | — | 1,249 | 5,613 | 214 | 1,249 | 5,827 | 7,076 | 330 | |||||||||||||||||||||||||||||
2/6/04 | Lawrenceville | NJ | 5,421 | 3,402 | 10,230 | 493 | 3,402 | 10,723 | 14,125 | 3,165 | |||||||||||||||||||||||||||||
7/1/05 | Linden | NJ | 3,731 | 1,517 | 8,384 | 253 | 1,517 | 8,637 | 10,154 | 2,199 | |||||||||||||||||||||||||||||
12/22/04 | Lumberton | NJ | 4,094 | 831 | 4,060 | 249 | 831 | 4,309 | 5,140 | 1,264 | |||||||||||||||||||||||||||||
3/15/01 | Lyndhurst | NJ | — | 2,679 | 4,644 | 1,019 | 2,928 | 5,414 | 8,342 | 1,796 | |||||||||||||||||||||||||||||
8/23/12 | Mahwah | NJ | 11,084 | 1,890 | 13,112 | 218 | 1,890 | 13,330 | 15,220 | 846 | |||||||||||||||||||||||||||||
12/16/11 | Maple Shade | NJ | 4,161 | 1,093 | 5,492 | 143 | 1,093 | 5,635 | 6,728 | 463 | |||||||||||||||||||||||||||||
12/7/01 | Metuchen | NJ | 5,663 | 1,153 | 4,462 | 341 | 1,153 | 4,803 | 5,956 | 1,654 | |||||||||||||||||||||||||||||
8/28/12 | Montville | NJ | 8,083 | 1,511 | 11,749 | 107 | 1,511 | 11,856 | 13,367 | 734 | |||||||||||||||||||||||||||||
2/6/04 | Morrisville | NJ | — | 2,487 | 7,494 | 1,214 | 2,487 | 8,708 | 11,195 | 2,600 | |||||||||||||||||||||||||||||
7/2/12 | Mt Laurel | NJ | 3,046 | 329 | 5,217 | 109 | 329 | 5,326 | 5,655 | 354 | |||||||||||||||||||||||||||||
11/2/06 | Neptune | NJ | 7,340 | 4,204 | 8,906 | 358 | 4,204 | 9,264 | 13,468 | 2,029 | |||||||||||||||||||||||||||||
7/18/12 | Newark | NJ | 7,430 | 806 | 8,340 | 107 | 806 | 8,447 | 9,253 | 547 | |||||||||||||||||||||||||||||
7/25/03 | North Bergen / River Rd | NJ | 9,178 | 2,100 | 6,606 | 307 | 2,100 | 6,913 | 9,013 | 2,162 | |||||||||||||||||||||||||||||
7/1/05 | North Bergen / 83rd St | NJ | 10,160 | 2,299 | 12,728 | 496 | 2,299 | 13,224 | 15,523 | 3,381 | |||||||||||||||||||||||||||||
10/6/11 | North Bergen / Kennedy Blvd | NJ | — | 861 | 17,127 | 170 | 861 | 17,297 | 18,158 | 1,438 | |||||||||||||||||||||||||||||
7/18/12 | North Brunswick | NJ | 6,212 | 2,789 | 4,404 | 125 | 2,789 | 4,529 | 7,318 | 304 | |||||||||||||||||||||||||||||
12/31/01 | Old Bridge | NJ | 5,605 | 2,758 | 6,450 | 1,001 | 2,758 | 7,451 | 10,209 | 2,691 | |||||||||||||||||||||||||||||
5/1/04 | Parlin / Cheesequake Rd | NJ | — | — | 5,273 | 432 | — | 5,705 | 5,705 | 2,249 | |||||||||||||||||||||||||||||
7/1/05 | Parlin / Route 9 North | NJ | — | 2,517 | 4,516 | 523 | 2,517 | 5,039 | 7,556 | 1,562 | |||||||||||||||||||||||||||||
7/18/12 | Parsippany | NJ | 6,409 | 2,353 | 7,798 | 113 | 2,354 | 7,910 | 10,264 | 521 | |||||||||||||||||||||||||||||
6/2/11 | Pennsauken | NJ | 3,712 | 1,644 | 3,115 | 228 | 1,644 | 3,343 | 4,987 | 365 | |||||||||||||||||||||||||||||
12/9/09 | South Brunswick | NJ | 2,983 | 1,700 | 5,835 | 143 | 1,700 | 5,978 | 7,678 | 776 | |||||||||||||||||||||||||||||
7/1/05 | Toms River | NJ | 4,920 | 1,790 | 9,935 | 385 | 1,790 | 10,320 | 12,110 | 2,772 | |||||||||||||||||||||||||||||
12/28/04 | Union / Green Ln | NJ | 6,416 | 1,754 | 6,237 | 402 | 1,754 | 6,639 | 8,393 | 1,872 | |||||||||||||||||||||||||||||
11/30/12 | Union / Route 22 West | NJ | — | 1,133 | 7,239 | 153 | 1,133 | 7,392 | 8,525 | 410 | |||||||||||||||||||||||||||||
11/30/12 | Watchung | NJ | — | 1,843 | 4,499 | 191 | 1,843 | 4,690 | 6,533 | 261 | |||||||||||||||||||||||||||||
8/31/07 | Albuquerque / Calle Cuervo NW | NM | 4,643 | 1,298 | 4,628 | 633 | 1,298 | 5,261 | 6,559 | 1,153 | |||||||||||||||||||||||||||||
11/30/12 | Albuquerque / Airport Dr NW | NM | 1,908 | 755 | 1,797 | 46 | 755 | 1,843 | 2,598 | 105 | |||||||||||||||||||||||||||||
7/2/12 | Santa Fe | NM | 5,815 | 3,066 | 7,366 | 338 | 3,066 | 7,704 | 10,770 | 505 | |||||||||||||||||||||||||||||
11/30/12 | Henderson | NV | 8,260 | 2,934 | 8,897 | 169 | 2,934 | 9,066 | 12,000 | 501 | |||||||||||||||||||||||||||||
2/22/00 | Las Vegas / N Lamont St | NV | 1,169 | 251 | 717 | 530 | 278 | 1,220 | 1,498 | 567 | |||||||||||||||||||||||||||||
6/22/11 | Las Vegas / Jones Blvd | NV | 2,432 | 1,441 | 1,810 | 136 | 1,441 | 1,946 | 3,387 | 205 | |||||||||||||||||||||||||||||
11/30/12 | Las Vegas / W Sahara Ave | NV | 4,417 | 773 | 6,006 | 103 | 773 | 6,109 | 6,882 | 345 | |||||||||||||||||||||||||||||
11/30/12 | Las Vegas / W Tropicana Ave | NV | — | 400 | 4,936 | 79 | 400 | 5,015 | 5,415 | 284 | |||||||||||||||||||||||||||||
11/1/13 | Las Vegas / North Lamb Blvd | NV | 3,655 | 279 | 3,900 | 15 | 279 | 3,915 | 4,194 | 544 | |||||||||||||||||||||||||||||
7/2/12 | Amsterdam | NY | — | 715 | 241 | (956 | ) | (a) | — | — | — | — | |||||||||||||||||||||||||||
12/19/07 | Bohemia | NY | — | 1,456 | 1,398 | 375 | 1,456 | 1,773 | 3,229 | 383 | |||||||||||||||||||||||||||||
8/26/04 | Bronx / Fordham Rd | NY | 9,422 | 3,995 | 11,870 | 775 | 3,995 | 12,645 | 16,640 | 3,584 | |||||||||||||||||||||||||||||
12/1/11 | Bronx / Edson Av | NY | 17,879 | 3,450 | 21,210 | 376 | 3,450 | 21,586 | 25,036 | 1,729 | |||||||||||||||||||||||||||||
10/2/08 | Brooklyn / 3rd Ave | NY | 19,604 | 12,993 | 10,405 | 338 | 12,993 | 10,743 | 23,736 | 1,797 | |||||||||||||||||||||||||||||
5/21/10 | Brooklyn / Atlantic Ave | NY | 7,977 | 2,802 | 6,536 | 231 | 2,802 | 6,767 | 9,569 | 860 | |||||||||||||||||||||||||||||
7/2/12 | Brooklyn / 64th St | NY | 21,565 | 16,188 | 23,309 | 333 | 16,257 | 23,573 | 39,830 | 1,518 | |||||||||||||||||||||||||||||
12/11/14 | Brooklyn / Avenue M | NY | — | 12,085 | 7,665 | — | 12,085 | 7,665 | 19,750 | — | |||||||||||||||||||||||||||||
10/2/08 | Centereach | NY | 4,132 | 2,226 | 1,657 | 216 | 2,226 | 1,873 | 4,099 | 357 | |||||||||||||||||||||||||||||
8/10/12 | Central Valley | NY | — | 2,800 | 12,173 | 447 | 2,800 | 12,620 | 15,420 | 810 | |||||||||||||||||||||||||||||
11/23/10 | Freeport | NY | — | 5,676 | 3,784 | 802 | 5,676 | 4,586 | 10,262 | 627 | |||||||||||||||||||||||||||||
7/2/12 | Hauppauge | NY | 5,580 | 1,238 | 7,095 | 345 | 1,238 | 7,440 | 8,678 | 489 | |||||||||||||||||||||||||||||
7/2/12 | Hicksville | NY | 8,787 | 2,581 | 10,677 | 62 | 2,581 | 10,739 | 13,320 | 682 | |||||||||||||||||||||||||||||
7/2/12 | Kingston | NY | 4,874 | 837 | 6,199 | 91 | 837 | 6,290 | 7,127 | 405 | |||||||||||||||||||||||||||||
11/26/02 | Mt Vernon / N Mac Questen Pkwy | NY | 8,167 | 1,926 | 7,622 | 935 | 1,926 | 8,557 | 10,483 | 2,692 | |||||||||||||||||||||||||||||
7/1/05 | Mt Vernon / Northwest St | NY | — | 1,585 | 6,025 | 2,940 | 1,585 | 8,965 | 10,550 | 2,305 | |||||||||||||||||||||||||||||
2/7/02 | Nanuet | NY | 3,640 | 2,072 | 4,644 | 1,722 | 2,739 | 5,699 | 8,438 | 1,924 | |||||||||||||||||||||||||||||
7/1/05 | New Paltz | NY | 4,451 | 2,059 | 3,715 | 431 | 2,059 | 4,146 | 6,205 | 1,232 | |||||||||||||||||||||||||||||
7/1/05 | New York | NY | 18,847 | 3,060 | 16,978 | 739 | 3,060 | 17,717 | 20,777 | 4,593 | |||||||||||||||||||||||||||||
12/4/00 | Plainview | NY | 7,583 | 4,287 | 3,710 | 689 | 4,287 | 4,399 | 8,686 | 1,741 | |||||||||||||||||||||||||||||
7/18/12 | Poughkeepsie | NY | 5,960 | 1,038 | 7,862 | 94 | 1,038 | 7,956 | 8,994 | 518 | |||||||||||||||||||||||||||||
7/2/12 | Ridge | NY | 6,157 | 1,762 | 6,934 | 34 | 1,762 | 6,968 | 8,730 | 442 | |||||||||||||||||||||||||||||
6/27/11 | Cincinnati / Glencrossing Way | OH | — | 1,217 | 1,941 | 131 | 1,217 | 2,072 | 3,289 | 214 | |||||||||||||||||||||||||||||
6/27/11 | Cincinnati / Glendale-Milford Rd | OH | 4,541 | 1,815 | 5,733 | 253 | 1,815 | 5,986 | 7,801 | 619 | |||||||||||||||||||||||||||||
6/27/11 | Cincinnati / Hamilton Ave | OH | — | 2,941 | 2,177 | 228 | 2,941 | 2,405 | 5,346 | 283 | |||||||||||||||||||||||||||||
6/27/11 | Cincinnati / Wooster Pk | OH | — | 1,445 | 3,755 | 234 | 1,445 | 3,989 | 5,434 | 423 | |||||||||||||||||||||||||||||
7/1/05 | Columbus / Innis Rd | OH | 2,718 | 483 | 2,654 | 636 | 483 | 3,290 | 3,773 | 1,058 | |||||||||||||||||||||||||||||
11/1/13 | Columbus / Kenny Rd | OH | 3,562 | 1,227 | 5,057 | 76 | 1,227 | 5,133 | 6,360 | 643 | |||||||||||||||||||||||||||||
11/4/13 | Fairfield | OH | — | 904 | 3,856 | 284 | 904 | 4,140 | 5,044 | 122 | |||||||||||||||||||||||||||||
6/27/11 | Greenville | OH | — | 189 | 302 | 77 | 189 | 379 | 568 | 49 | |||||||||||||||||||||||||||||
6/27/11 | Hamilton | OH | — | 673 | 2,910 | 112 | 673 | 3,022 | 3,695 | 299 | |||||||||||||||||||||||||||||
11/30/12 | Hilliard | OH | 2,065 | 1,613 | 2,369 | 240 | 1,613 | 2,609 | 4,222 | 171 | |||||||||||||||||||||||||||||
7/1/05 | Kent | OH | 1,406 | 220 | 1,206 | 248 | 220 | 1,454 | 1,674 | 483 | |||||||||||||||||||||||||||||
6/27/11 | Lebanon | OH | — | 1,657 | 1,566 | 313 | 1,657 | 1,879 | 3,536 | 208 | |||||||||||||||||||||||||||||
7/2/12 | Mentor / Mentor Ave | OH | 1,299 | 409 | 1,609 | 110 | 409 | 1,719 | 2,128 | 128 | |||||||||||||||||||||||||||||
11/30/12 | Mentor / Heisley Rd | OH | 1,253 | 658 | 1,267 | 224 | 658 | 1,491 | 2,149 | 97 | |||||||||||||||||||||||||||||
6/27/11 | Middletown | OH | 1,267 | 534 | 1,047 | 114 | 533 | 1,162 | 1,695 | 129 | |||||||||||||||||||||||||||||
6/27/11 | Sidney | OH | — | 201 | 262 | 66 | 201 | 328 | 529 | 48 | |||||||||||||||||||||||||||||
6/27/11 | Troy | OH | — | 273 | 544 | 119 | 273 | 663 | 936 | 87 | |||||||||||||||||||||||||||||
6/27/11 | Washington Court House | OH | 1,409 | 197 | 499 | 69 | 197 | 568 | 765 | 68 | |||||||||||||||||||||||||||||
11/1/13 | Whitehall | OH | 1,406 | 726 | 1,965 | 102 | 726 | 2,067 | 2,793 | 228 | |||||||||||||||||||||||||||||
7/2/12 | Willoughby | OH | 1,072 | 155 | 1,811 | 44 | 155 | 1,855 | 2,010 | 120 | |||||||||||||||||||||||||||||
6/27/11 | Xenia | OH | 1,629 | 302 | 1,022 | 62 | 302 | 1,084 | 1,386 | 118 | |||||||||||||||||||||||||||||
7/1/05 | Aloha / NW 185th Ave | OR | 6,117 | 1,221 | 6,262 | 285 | 1,221 | 6,547 | 7,768 | 1,754 | |||||||||||||||||||||||||||||
7/2/12 | Aloha / SW 229th Ave | OR | 4,650 | 2,014 | 5,786 | 82 | 2,014 | 5,868 | 7,882 | 380 | |||||||||||||||||||||||||||||
9/15/09 | King City | OR | 3,019 | 2,520 | 6,845 | 66 | 2,520 | 6,911 | 9,431 | 901 | |||||||||||||||||||||||||||||
12/28/04 | Bensalem / Bristol Pike | PA | 3,258 | 1,131 | 4,525 | 303 | 1,131 | 4,828 | 5,959 | 1,373 | |||||||||||||||||||||||||||||
3/30/06 | Bensalem / Knights Rd. | PA | — | 750 | 3,015 | 194 | 750 | 3,209 | 3,959 | 801 | |||||||||||||||||||||||||||||
11/15/99 | Doylestown | PA | — | 220 | 3,442 | 1,095 | 520 | 4,237 | 4,757 | 1,457 | |||||||||||||||||||||||||||||
5/1/04 | Kennedy Township | PA | 2,560 | 736 | 3,173 | 258 | 736 | 3,431 | 4,167 | 1,332 | |||||||||||||||||||||||||||||
2/6/04 | Philadelphia / Roosevelt Bl | PA | 5,559 | 1,965 | 5,925 | 1,116 | 1,965 | 7,041 | 9,006 | 2,146 | |||||||||||||||||||||||||||||
11/1/13 | Philadelphia / Wayne Ave | PA | 8,435 | 596 | 10,368 | 14 | 596 | 10,382 | 10,978 | 855 | |||||||||||||||||||||||||||||
8/3/00 | Pittsburgh / E Entry Dr | PA | 2,560 | 991 | 1,990 | 901 | 1,082 | 2,800 | 3,882 | 1,052 | |||||||||||||||||||||||||||||
5/1/04 | Pittsburgh / Penn Ave | PA | 3,776 | 889 | 4,117 | 562 | 889 | 4,679 | 5,568 | 1,831 | |||||||||||||||||||||||||||||
1/1/11 | Willow Grove | PA | 5,120 | 1,297 | 4,027 | 219 | 1,297 | 4,246 | 5,543 | 491 | |||||||||||||||||||||||||||||
7/1/05 | Johnston / Hartford Ave | RI | 6,655 | 2,658 | 4,799 | 615 | 2,658 | 5,414 | 8,072 | 1,519 | |||||||||||||||||||||||||||||
12/1/11 | Johnston / Plainfield | RI | 1,880 | 533 | 2,127 | 70 | 533 | 2,197 | 2,730 | 179 | |||||||||||||||||||||||||||||
8/26/04 | Charleston | SC | 3,470 | 1,279 | 4,171 | 237 | 1,279 | 4,408 | 5,687 | 1,239 | |||||||||||||||||||||||||||||
8/26/04 | Columbia / Harban Ct | SC | 2,781 | 838 | 3,312 | 252 | 838 | 3,564 | 4,402 | 1,047 | |||||||||||||||||||||||||||||
7/19/12 | Columbia / Decker Blvd | SC | 3,259 | 1,784 | 2,745 | 75 | 1,784 | 2,820 | 4,604 | 182 | |||||||||||||||||||||||||||||
8/26/04 | Goose Creek | SC | — | 1,683 | 4,372 | 1,071 | 1,683 | 5,443 | 7,126 | 1,431 | |||||||||||||||||||||||||||||
8/26/04 | Summerville | SC | — | 450 | 4,454 | 196 | 450 | 4,650 | 5,100 | 1,307 | |||||||||||||||||||||||||||||
12/11/14 | Taylors | SC | — | 1,433 | 6,071 | — | 1,433 | 6,071 | 7,504 | — | |||||||||||||||||||||||||||||
7/2/12 | Bartlett | TN | 2,430 | 632 | 3,798 | 81 | 632 | 3,879 | 4,511 | 248 | |||||||||||||||||||||||||||||
7/1/05 | Cordova / N Germantown Pkwy 1 | TN | 2,531 | 852 | 2,720 | 282 | 852 | 3,002 | 3,854 | 890 | |||||||||||||||||||||||||||||
1/5/07 | Cordova / Patriot Cove | TN | — | 894 | 2,680 | 159 | 894 | 2,839 | 3,733 | 637 | |||||||||||||||||||||||||||||
4/15/11 | Cordova / Houston Levee Rd | TN | 2,014 | 652 | 1,791 | 91 | 652 | 1,882 | 2,534 | 202 | |||||||||||||||||||||||||||||
11/1/13 | Cordova / N Germantown Pkwy 2 | TN | 6,467 | 8,187 | 4,628 | 35 | 8,187 | 4,663 | 12,850 | 936 | |||||||||||||||||||||||||||||
11/30/12 | Franklin | TN | 7,184 | 3,357 | 8,984 | 178 | 3,357 | 9,162 | 12,519 | 522 | |||||||||||||||||||||||||||||
7/2/12 | Memphis / Covington Way | TN | 1,657 | 274 | 2,623 | 29 | 274 | 2,652 | 2,926 | 173 | |||||||||||||||||||||||||||||
7/2/12 | Memphis / Raleigh-LaGrange | TN | 1,007 | 110 | 1,280 | 33 | 110 | 1,313 | 1,423 | 86 | |||||||||||||||||||||||||||||
11/30/12 | Memphis / Summer Ave | TN | 3,463 | 1,040 | 3,867 | 165 | 1,040 | 4,032 | 5,072 | 229 | |||||||||||||||||||||||||||||
11/30/12 | Memphis / Mt Moriah | TN | 2,573 | 1,617 | 2,875 | 145 | 1,617 | 3,020 | 4,637 | 169 | |||||||||||||||||||||||||||||
11/1/13 | Memphis / Mt Moriah Terrace | TN | 1,968 | 1,313 | 2,928 | 5 | 1,313 | 2,933 | 4,246 | 341 | |||||||||||||||||||||||||||||
11/1/13 | Memphis / Riverdale Bend | TN | 2,905 | 803 | 4,635 | 124 | 803 | 4,759 | 5,562 | 451 | |||||||||||||||||||||||||||||
4/13/06 | Nashville | TN | 2,852 | 390 | 2,598 | 924 | 390 | 3,522 | 3,912 | 1,090 | |||||||||||||||||||||||||||||
11/22/06 | Allen | TX | 4,507 | 901 | 5,553 | 253 | 901 | 5,806 | 6,707 | 1,296 | |||||||||||||||||||||||||||||
8/26/04 | Arlington | TX | 2,159 | 534 | 2,525 | 426 | 534 | 2,951 | 3,485 | 948 | |||||||||||||||||||||||||||||
8/26/04 | Austin / Burnet Rd | TX | 5,044 | 870 | 4,455 | 351 | 870 | 4,806 | 5,676 | 1,401 | |||||||||||||||||||||||||||||
11/1/13 | Austin / McNeil Dr | TX | 2,249 | 3,411 | 4,502 | 50 | 3,411 | 4,552 | 7,963 | 485 | |||||||||||||||||||||||||||||
8/8/14 | Austin / North Lamar Blvd | TX | 5,129 | 1,047 | 9,969 | 6 | 1,047 | 9,975 | 11,022 | 96 | |||||||||||||||||||||||||||||
8/26/04 | Dallas / E NW Hwy | TX | 10,541 | 4,432 | 6,181 | 1,174 | 4,432 | 7,355 | 11,787 | 2,016 | |||||||||||||||||||||||||||||
4/13/06 | Dallas / Garland Rd | TX | 2,004 | 337 | 2,216 | 611 | 337 | 2,827 | 3,164 | 836 | |||||||||||||||||||||||||||||
5/4/06 | Dallas / Inwood Rd | TX | 11,274 | 1,980 | 12,501 | 556 | 1,980 | 13,057 | 15,037 | 3,003 | |||||||||||||||||||||||||||||
7/2/12 | Dallas / Preston Rd 1 | TX | 5,194 | 921 | 7,656 | 103 | 921 | 7,759 | 8,680 | 503 | |||||||||||||||||||||||||||||
8/10/12 | Dallas / Preston Rd 2 | TX | 3,866 | 2,542 | 3,274 | 266 | 2,542 | 3,540 | 6,082 | 246 | |||||||||||||||||||||||||||||
11/1/13 | Dallas / N Central Expressway | TX | 4,124 | 7,143 | 6,353 | 41 | 7,143 | 6,394 | 13,537 | 833 | |||||||||||||||||||||||||||||
12/11/14 | Dallas / N Central Expressway—Annex | TX | — | 6,249 | 8,666 | — | 6,249 | 8,666 | 14,915 | — | |||||||||||||||||||||||||||||
4/1/11 | Euless / W Euless Blvd | TX | 2,880 | 671 | 3,213 | 655 | 671 | 3,868 | 4,539 | 485 | |||||||||||||||||||||||||||||
5/8/13 | Euless / Mid-Cities Blvd | TX | 4,453 | 1,374 | 5,636 | 76 | 1,374 | 5,712 | 7,086 | 247 | |||||||||||||||||||||||||||||
11/4/13 | Fort Worth / White Settlement Rd | TX | 3,734 | 3,158 | 2,512 | 76 | 3,158 | 2,588 | 5,746 | 78 | |||||||||||||||||||||||||||||
12/9/13 | Fort Worth / Mandy Lane | TX | — | 2,033 | 2,495 | 120 | 2,033 | 2,615 | 4,648 | 75 | |||||||||||||||||||||||||||||
8/26/04 | Ft. Worth | TX | 4,507 | 631 | 5,794 | 294 | 631 | 6,088 | 6,719 | 1,727 | |||||||||||||||||||||||||||||
11/4/13 | Garland | TX | — | 1,424 | 2,209 | 109 | 1,424 | 2,318 | 3,742 | 69 | |||||||||||||||||||||||||||||
8/26/04 | Grand Prairie / N Hwy 360 1 | TX | 2,333 | 551 | 2,330 | 338 | 551 | 2,668 | 3,219 | 789 | |||||||||||||||||||||||||||||
8/10/12 | Grand Prairie / N Hwy 360 2 | TX | 3,201 | 2,327 | 1,551 | 174 | 2,327 | 1,725 | 4,052 | 124 | |||||||||||||||||||||||||||||
4/13/06 | Houston / Southwest Freeway | TX | 8,768 | 2,596 | 8,735 | 405 | 2,596 | 9,140 | 11,736 | 2,135 | |||||||||||||||||||||||||||||
12/14/10 | Houston / Ryewater Dr | TX | — | 402 | 1,870 | 192 | 402 | 2,062 | 2,464 | 253 | |||||||||||||||||||||||||||||
2/29/12 | Houston / Space Center Blvd | TX | 5,829 | 1,036 | 8,133 | 94 | 1,036 | 8,227 | 9,263 | 625 | |||||||||||||||||||||||||||||
11/1/13 | Houston / South Main | TX | 3,187 | 2,017 | 4,181 | 30 | 2,017 | 4,211 | 6,228 | 516 | |||||||||||||||||||||||||||||
2/5/14 | Houston / Katy Fwy | TX | — | 1,767 | 12,368 | 28 | 1,767 | 12,396 | 14,163 | 279 | |||||||||||||||||||||||||||||
11/4/13 | Killeen | TX | — | 1,207 | 1,688 | 334 | 1,207 | 2,022 | 3,229 | 55 | |||||||||||||||||||||||||||||
12/14/10 | La Porte | TX | — | 1,608 | 2,351 | 273 | 1,608 | 2,624 | 4,232 | 348 | |||||||||||||||||||||||||||||
11/22/06 | Plano / Plano Parkway | TX | 5,160 | 1,010 | 6,203 | 390 | 1,010 | 6,593 | 7,603 | 1,455 | |||||||||||||||||||||||||||||
11/22/06 | Plano / Spring Creek | TX | 4,483 | 614 | 3,775 | 283 | 614 | 4,058 | 4,672 | 929 | |||||||||||||||||||||||||||||
11/1/13 | Plano / Wagner Way | TX | 3,093 | 2,753 | 4,353 | 40 | 2,753 | 4,393 | 7,146 | 549 | |||||||||||||||||||||||||||||
8/10/06 | Rowlett | TX | 2,138 | 1,002 | 2,601 | 325 | 1,002 | 2,926 | 3,928 | 710 | |||||||||||||||||||||||||||||
8/26/04 | San Antonio / Culebra Rd | TX | 2,425 | 1,269 | 1,816 | 697 | 1,269 | 2,513 | 3,782 | 838 | |||||||||||||||||||||||||||||
8/26/04 | San Antonio / Westchase Dr | TX | 2,458 | 253 | 1,496 | 210 | 253 | 1,706 | 1,959 | 514 | |||||||||||||||||||||||||||||
12/14/07 | San Antonio / DeZavala Rd | TX | 6,315 | 2,471 | 3,556 | (179 | ) | (e) | 2,471 | 3,377 | 5,848 | 694 | |||||||||||||||||||||||||||
4/13/06 | South Houston | TX | 3,145 | 478 | 4,069 | 808 | 478 | 4,877 | 5,355 | 1,277 | |||||||||||||||||||||||||||||
8/2/11 | Spring / Treaschwig Rd | TX | 1,920 | 978 | 1,347 | 170 | 979 | 1,516 | 2,495 | 154 | |||||||||||||||||||||||||||||
7/2/12 | Spring / I-45 North | TX | 3,259 | 506 | 5,096 | 194 | 506 | 5,290 | 5,796 | 356 | |||||||||||||||||||||||||||||
10/20/10 | East Millcreek | UT | 2,988 | 986 | 3,455 | 165 | 986 | 3,620 | 4,606 | 420 | |||||||||||||||||||||||||||||
11/23/10 | Murray | UT | — | 571 | 986 | 2,125 | 571 | 3,111 | 3,682 | 311 | |||||||||||||||||||||||||||||
4/1/11 | Orem | UT | 2,041 | 841 | 2,335 | 189 | 841 | 2,524 | 3,365 | 265 | |||||||||||||||||||||||||||||
6/1/04 | Salt Lake City | UT | — | 642 | 2,607 | 367 | 642 | 2,974 | 3,616 | 900 | |||||||||||||||||||||||||||||
7/1/05 | Sandy / South 700 East 1 | UT | 5,408 | 1,349 | 4,372 | 504 | 1,349 | 4,876 | 6,225 | 1,313 | |||||||||||||||||||||||||||||
9/28/12 | Sandy / South 700 East 2 | UT | — | 2,063 | 5,202 | 1,477 | 2,063 | 6,679 | 8,742 | 331 | |||||||||||||||||||||||||||||
11/23/10 | West Jordan | UT | 2,079 | 735 | 2,146 | 409 | 735 | 2,555 | 3,290 | 310 | |||||||||||||||||||||||||||||
7/1/05 | West Valley City | UT | 2,756 | 461 | 1,722 | 190 | 461 | 1,912 | 2,373 | 543 | |||||||||||||||||||||||||||||
6/6/07 | Alexandria / S Dove St | VA | — | 1,620 | 13,103 | 588 | 1,620 | 13,691 | 15,311 | 3,026 | |||||||||||||||||||||||||||||
7/2/12 | Alexandria / N Henry St | VA | 13,366 | 5,029 | 18,943 | 47 | 5,029 | 18,990 | 24,019 | 1,206 | |||||||||||||||||||||||||||||
10/20/10 | Arlington | VA | — | — | 4,802 | 144 | — | 4,946 | 4,946 | 1,768 | |||||||||||||||||||||||||||||
11/1/13 | Burke | VA | 4,780 | 11,534 | 7,347 | 36 | 11,534 | 7,383 | 18,917 | 1,103 | |||||||||||||||||||||||||||||
1/7/14 | Chesapeake / Bruce Rd | VA | — | 1,074 | 9,464 | 98 | 1,074 | 9,562 | 10,636 | 234 | |||||||||||||||||||||||||||||
1/7/14 | Chesapeake / Military Hwy | VA | — | 332 | 4,106 | 88 | 332 | 4,194 | 4,526 | 103 | |||||||||||||||||||||||||||||
1/7/14 | Chesapeake / Poplar Hill Rd | VA | — | 540 | 9,977 | 103 | 541 | 10,079 | 10,620 | 247 | |||||||||||||||||||||||||||||
1/7/14 | Chesapeake / Woodlake Dr | VA | — | 4,014 | 14,872 | 81 | 4,014 | 14,953 | 18,967 | 367 | |||||||||||||||||||||||||||||
5/26/11 | Dumfries | VA | 5,179 | 932 | 9,349 | 174 | 932 | 9,523 | 10,455 | 934 | |||||||||||||||||||||||||||||
7/1/05 | Falls Church / Seminary Rd | VA | 5,811 | 1,259 | 6,975 | 405 | 1,259 | 7,380 | 8,639 | 1,963 | |||||||||||||||||||||||||||||
11/30/12 | Falls Church / Hollywood Rd | VA | 9,006 | 5,703 | 13,307 | 272 | 5,713 | 13,569 | 19,282 | 751 | |||||||||||||||||||||||||||||
7/2/12 | Fredericksburg / Plank Road | VA | 4,265 | 2,128 | 5,398 | 82 | 2,128 | 5,480 | 7,608 | 350 | |||||||||||||||||||||||||||||
11/30/12 | Fredericksburg / Jefferson Davis Hwy | VA | 2,973 | 1,438 | 2,459 | 170 | 1,438 | 2,629 | 4,067 | 155 | |||||||||||||||||||||||||||||
12/18/14 | Glen Allen | VA | — | 609 | 8,220 | — | 609 | 8,220 | 8,829 | — | |||||||||||||||||||||||||||||
1/7/14 | Hampton | VA | — | 7,849 | 7,040 | 62 | 7,849 | 7,102 | 14,951 | 174 | |||||||||||||||||||||||||||||
1/7/14 | Newport News / Denbigh Blvd | VA | 5,723 | 4,619 | 5,870 | 121 | 4,619 | 5,991 | 10,610 | 148 | |||||||||||||||||||||||||||||
1/7/14 | Newport News / J Clyde Morris Blvd | VA | — | 4,838 | 6,124 | 136 | 4,838 | 6,260 | 11,098 | 154 | |||||||||||||||||||||||||||||
1/7/14 | Newport News / Tyler Ave | VA | — | 2,740 | 4,955 | 111 | 2,740 | 5,066 | 7,806 | 125 | |||||||||||||||||||||||||||||
1/7/14 | Norfolk / Granby St | VA | — | 1,785 | 8,543 | 85 | 1,785 | 8,628 | 10,413 | 212 | |||||||||||||||||||||||||||||
1/7/14 | Norfolk / Naval Base Rd | VA | — | 4,078 | 5,975 | 133 | 4,078 | 6,108 | 10,186 | 149 | |||||||||||||||||||||||||||||
8/26/04 | Richmond / W Broad St | VA | 4,516 | 2,305 | 5,467 | 344 | 2,305 | 5,811 | 8,116 | 1,583 | |||||||||||||||||||||||||||||
1/7/14 | Richmond / Hull St | VA | — | 2,016 | 9,425 | 83 | 2,016 | 9,508 | 11,524 | 234 | |||||||||||||||||||||||||||||
1/7/14 | Richmond / Laburnum Ave | VA | — | 5,945 | 7,613 | 141 | 5,945 | 7,754 | 13,699 | 190 | |||||||||||||||||||||||||||||
1/7/14 | Richmond / Midlothian Turnpike | VA | — | 2,735 | 5,699 | 92 | 2,735 | 5,791 | 8,526 | 143 | |||||||||||||||||||||||||||||
1/7/14 | Richmond / Old Staples Mill Rd | VA | — | 5,905 | 6,869 | 119 | 5,905 | 6,988 | 12,893 | 172 | |||||||||||||||||||||||||||||
1/23/09 | Stafford / SUSA Dr | VA | 4,373 | 2,076 | 5,175 | 123 | 2,076 | 5,298 | 7,374 | 831 | |||||||||||||||||||||||||||||
9/20/12 | Stafford / Jefferson Davis Hwy | VA | 4,377 | 1,172 | 5,562 | 137 | 1,172 | 5,699 | 6,871 | 351 | |||||||||||||||||||||||||||||
1/7/14 | Virginia Beach / General Booth Blvd | VA | — | 1,142 | 11,721 | 38 | 1,142 | 11,759 | 12,901 | 289 | |||||||||||||||||||||||||||||
1/7/14 | Virginia Beach / Kempsville Rd | VA | — | 3,934 | 11,413 | 32 | 3,934 | 11,445 | 15,379 | 282 | |||||||||||||||||||||||||||||
1/7/14 | Virginia Beach / Village Dr | VA | — | 331 | 13,175 | 75 | 331 | 13,250 | 13,581 | 327 | |||||||||||||||||||||||||||||
2/15/06 | Lakewood / 80th St | WA | 4,412 | 1,389 | 4,780 | 310 | 1,389 | 5,090 | 6,479 | 1,238 | |||||||||||||||||||||||||||||
2/15/06 | Lakewood / Pacific Hwy | WA | 4,415 | 1,917 | 5,256 | 220 | 1,917 | 5,476 | 7,393 | 1,314 | |||||||||||||||||||||||||||||
4/30/14 | Puyallup | WA | — | 437 | 3,808 | 2 | 437 | 3,810 | 4,247 | 69 | |||||||||||||||||||||||||||||
7/1/05 | Seattle | WA | 7,272 | 2,727 | 7,241 | 236 | 2,727 | 7,477 | 10,204 | 1,945 | |||||||||||||||||||||||||||||
2/15/06 | Tacoma | WA | 3,427 | 1,031 | 3,103 | 152 | 1,031 | 3,255 | 4,286 | 812 | |||||||||||||||||||||||||||||
7/2/12 | Vancouver | WA | 3,079 | 709 | 4,280 | 75 | 709 | 4,355 | 5,064 | 280 | |||||||||||||||||||||||||||||
Various | Other corporate assets | — | 849 | 2,202 | 73,752 | — | 76,803 | 76,803 | 12,845 | ||||||||||||||||||||||||||||||
Various | Construction in progress | — | — | — | 17,870 | — | 17,870 | 17,870 | — | ||||||||||||||||||||||||||||||
Various | Intangible tenant relationships and lease rights | — | — | 60,011 | 20,979 | — | 80,990 | 80,990 | 72,740 | ||||||||||||||||||||||||||||||
$ | 1,872,067 | $ | 1,161,721 | $ | 3,286,329 | $ | 291,982 | $ | 1,153,237 | $ | 3,586,795 | $ | 4,740,032 | $ | 604,336 | ||||||||||||||||||||||||
(a) | Adjustments relate to sale of property | ||||||||||||||||||||||||||||||||||||||
(b) | Adjustment relates to partial disposition of land | ||||||||||||||||||||||||||||||||||||||
(c) | Adjustment relates to asset transfers between land, building and/or equipment | ||||||||||||||||||||||||||||||||||||||
(d) | Adjustment relates to impairment charge | ||||||||||||||||||||||||||||||||||||||
(e) | Adjustment relates to a purchase price adjustment | ||||||||||||||||||||||||||||||||||||||
(f) | Adjustment relates to the acquisition of a joint venture partner’s interest | ||||||||||||||||||||||||||||||||||||||
(g) | Adjustment relates to asset reclassification as an investment | ||||||||||||||||||||||||||||||||||||||
(h) | Adjustment relates to property casualty loss | ||||||||||||||||||||||||||||||||||||||
Activity in real estate facilities during the years ended December 31, 2014, 2013 and 2012 is as follows: | |||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||||||||||||||||||||
Operating facilities | |||||||||||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 4,126,648 | $ | 3,379,512 | $ | 2,573,731 | |||||||||||||||||||||||||||||||||
Acquisitions | 557,158 | 711,710 | 761,977 | ||||||||||||||||||||||||||||||||||||
Improvements | 32,861 | 37,949 | 34,964 | ||||||||||||||||||||||||||||||||||||
Transfers from construction in progress | 12,308 | 3,643 | 8,957 | ||||||||||||||||||||||||||||||||||||
Dispositions and other | (6,813 | ) | (6,166 | ) | (117 | ) | |||||||||||||||||||||||||||||||||
Balance at end of year | $ | 4,722,162 | $ | 4,126,648 | $ | 3,379,512 | |||||||||||||||||||||||||||||||||
Accumulated depreciation: | |||||||||||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 496,754 | $ | 391,928 | $ | 319,302 | |||||||||||||||||||||||||||||||||
Depreciation expense | 109,531 | 104,963 | 72,626 | ||||||||||||||||||||||||||||||||||||
Dispositions and other | (1,949 | ) | (137 | ) | — | ||||||||||||||||||||||||||||||||||
Balance at end of year | $ | 604,336 | $ | 496,754 | $ | 391,928 | |||||||||||||||||||||||||||||||||
Real estate under development/redevelopment: | |||||||||||||||||||||||||||||||||||||||
Balance at beginning of year | $ | 6,650 | $ | 4,138 | $ | 9,366 | |||||||||||||||||||||||||||||||||
Current development | 23,528 | 6,466 | 3,759 | ||||||||||||||||||||||||||||||||||||
Transfers to operating facilities | (12,308 | ) | (3,954 | ) | (8,987 | ) | |||||||||||||||||||||||||||||||||
Balance at end of year | $ | 17,870 | $ | 6,650 | $ | 4,138 | |||||||||||||||||||||||||||||||||
Net real estate assets | $ | 4,135,696 | $ | 3,636,544 | $ | 2,991,722 | |||||||||||||||||||||||||||||||||
The aggregate cost of real estate for U.S. federal income tax purposes is $4,135,696. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | |||||||||||||||||
Basis of Presentation | 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 | 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 anon-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 | Use of Estimates | ||||||||||||||||
The preparation of financial statements in conformity with GAAP 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 | Reclassifications | ||||||||||||||||
Certain amounts in the 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 | 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 observablemarket-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, 2014, 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, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall. | |||||||||||||||||
Fair Value Measurements at Reporting Date Using | |||||||||||||||||
Description | December 31, 2014 | Quoted Prices in Active | Significant Other | Significant | |||||||||||||
Markets for Identical | Observable Inputs | Unobservable Inputs | |||||||||||||||
Assets (Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Other assets—Cash Flow Hedge Swap Agreements | $ | 3,583 | $ | — | $ | 3,583 | $ | — | |||||||||
Other liabilities—Cash Flow Hedge Swap Agreements | $ | (3,533 | ) | $ | — | $ | (3,533 | ) | $ | — | |||||||
There were no transfers of assets and liabilities between Level 1 and Level 2 during the year ended December 31, 2014. 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, 2014 or 2013. | |||||||||||||||||
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 store at least annually to determine if any such events or circumstances have occurred or exist. The Company focuses on stores where occupancy and/or rental income have decreased by a significant amount. For these stores, the Company determines whether the decrease is temporary or permanent and whether the store will likely recover the lost occupancy and/or revenue in the short term. In addition, the Company reviews stores 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, 2014 and 2013, 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-ratenotes payable, lines of credit and other liabilities reflected in the consolidated balance sheets at December 31, 2014 and 2013, approximate fair value. | |||||||||||||||||
The fair values of the Company’s notes receivable from Preferred Operating Partnership unit holders was based on the discounted estimated future cash flow of the notes (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, 2014 | December 31, 2013 | ||||||||||||||||
Fair | Carrying | Fair | Carrying | ||||||||||||||
Value | Value | Value | Value | ||||||||||||||
Notes receivable from Preferred Operating Partnership unit holders | $ | 126,380 | $ | 120,230 | $ | 103,491 | $ | 100,000 | |||||||||
Fixed rate notes payable and notes payable to trusts | $ | 1,320,370 | $ | 1,283,893 | $ | 1,365,290 | $ | 1,368,885 | |||||||||
Exchangeable senior notes | $ | 276,095 | $ | 250,000 | $ | 251,103 | $ | 250,000 | |||||||||
Real Estate Assets | 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. | |||||||||||||||||
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 stores, 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 stores 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 stores 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 | 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 | 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 | ||||||||||||||||
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 | ||||||||||||||||
Other assets consist primarily of equipment and fixtures, deferred financing costs, customer accounts receivable, investments in trusts, notes receivable, 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 | 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 | 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 stores due to changes in rental rates, interest rates or other market factors affecting the value of stores 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 and Classification of Noncontrolling Interests | Exchange of Common Operating Partnership Units | ||||||||||||||||
Redemption of common Operating Partnership units for shares 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 | 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 astraight-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, 2014, the average insurance coverage for tenants was approximately $2,540. 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 | 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 | Advertising Costs | ||||||||||||||||
The Company incurs advertising costs primarily attributable to internet, directory and other advertising. These costs are expensed as incurred. The Company recognized $8,370, $6,482, and $6,026 in advertising expense for the years ended December 31, 2014, 2013 and 2012, respectively. | |||||||||||||||||
Income Taxes | 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, 2014, 0.0% (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-ownedsubsidiary 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, 2014 and 2013, 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, 2014 and 2013, the Company had no interest or penalties related to uncertain tax provisions. | |||||||||||||||||
Stock-Based Compensation | 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 | Earnings Per Common Share | ||||||||||||||||
Basic earnings per common share is computed using the two-class method by dividing net income attributable to common stockholders by the weighted average number of common 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. 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 common shares that would have been outstanding if the potential common shares that were dilutive had been issued, and is calculated using either the two-class, treasury stock or as if-converted method, whichever is most dilutive. Potential common shares are securities (such as options, convertible debt, Series A Participating Redeemable Preferred Units (“Series A Units”), Series B Redeemable Preferred Units (“Series B Units”), Series C Convertible Redeemable Preferred Units (“Series C Units”), Series D Redeemable Preferred Units (“Series D Units”) and common Operating Partnership units (“OP Units”)) that do not have a current right to participate in earnings of the Company but could do so in the future by virtue of their option, redemption or conversion 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 common share) are included. For the years ended December 31, 2014, 2013 and 2012, options to purchase approximately 27,374 shares, 44,958 shares and 57,335 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, 2014, 764,385 Series B Units, 489,366 Series C Units and 6,492 Series D Units 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 33,302 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, 2,755,650 OP Units were excluded from the computation of earnings per share as their effect would have beenanti-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, 2014. 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 $55.62 per share as of December 31, 2014, 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, 2014, 130,883 shares related to the Notes due 2033 were included in the computation for diluted earnings per share. 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 exchange price exceeded the per share price of the Company’s common stock during this period. | |||||||||||||||||
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, 2014 of $41,902 by the closing price of the Company’s common stock as of December 31, 2014 of $58.64 per share. Assuming full exchange for common shares as of December 31, 2014, 714,566 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, 2014 of $29,639 by the closing price of the Company’s common stock as of December 31, 2014 of $58.64 per share. Assuming full exchange for common shares as of December 31, 2014, 505,441 shares would have been issued to the holders of the Series C Units. | |||||||||||||||||
For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series D 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 D Units outstanding as of December 31, 2014 of $13,710 by the closing price of the Company’s common stock as of December 31, 2014 of $58.64 per share. Assuming full exchange for common shares as of December 31, 2014, 233,795 shares would have been issued to the holders of Series D Units. | |||||||||||||||||
The computation of earnings per share is as follows for the periods presented: | |||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Net income attributable to common stockholders | $ | 178,355 | $ | 172,076 | $ | 117,309 | |||||||||||
Earnings and dividends allocated to participating securities | (490 | ) | (567 | ) | (279 | ) | |||||||||||
Earnings for basic computations | 177,865 | 171,509 | 117,030 | ||||||||||||||
Earnings and dividends allocated to participating securities | — | 567 | 279 | ||||||||||||||
Income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) and Operating Partnership | 13,575 | 7,255 | 6,876 | ||||||||||||||
Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) | (5,586 | ) | (5,750 | ) | (5,750 | ) | |||||||||||
Net income for diluted computations | $ | 185,854 | $ | 173,581 | $ | 118,435 | |||||||||||
Weighted average common shares outstanding: | |||||||||||||||||
Average number of common shares outstanding—basic | 115,713,807 | 111,349,361 | 101,766,385 | ||||||||||||||
Series A Units | 961,747 | 989,980 | 989,980 | ||||||||||||||
OP Units | 4,335,837 | — | — | ||||||||||||||
Unvested restricted stock awards included for treasury stock method | — | 425,705 | 523,815 | ||||||||||||||
Shares related to exchangeable senior notes and dilutive stock options | 423,876 | 340,048 | 487,185 | ||||||||||||||
Average number of common shares outstanding—diluted | 121,435,267 | 113,105,094 | 103,767,365 | ||||||||||||||
Earnings per common share | |||||||||||||||||
Basic | $ | 1.54 | $ | 1.54 | $ | 1.15 | |||||||||||
Diluted | $ | 1.53 | $ | 1.53 | $ | 1.14 | |||||||||||
Recently Issued Accounting Standards | Recently Issued Accounting Standards | ||||||||||||||||
In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-09, “Revenues from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 amends the guidance for revenue recognition to replace numerous, industry-specific requirements and converges areas under this topic with those of the International Financial Reporting Standards. ASU 2014-09 outlines a five-step process for customer contract revenue recognition that focuses on transfer of control, as opposed to transfer of risk and rewards. The amendment also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is prohibited. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. Management is currently assessing the impact of the adoption of ASU 2014-09 on the Company’s consolidated financial statements. | |||||||||||||||||
Convertible Debt | 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%. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | |||||||||||||||||
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2014, aggregated by the level in the fair value hierarchy within which those measurements fall. | ||||||||||||||||
Fair Value Measurements at Reporting Date Using | |||||||||||||||||
Description | December 31, 2014 | Quoted Prices in Active | Significant Other | Significant | |||||||||||||
Markets for Identical | Observable Inputs | Unobservable Inputs | |||||||||||||||
Assets (Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Other assets—Cash Flow Hedge Swap Agreements | $ | 3,583 | $ | — | $ | 3,583 | $ | — | |||||||||
Other liabilities—Cash Flow Hedge Swap Agreements | $ | (3,533 | ) | $ | — | $ | (3,533 | ) | $ | — | |||||||
Schedule of Fair Value of Financial Instruments | The fair values of the Company’s fixed-rate assets and liabilities were as follows for the periods indicated: | ||||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||||
Fair | Carrying | Fair | Carrying | ||||||||||||||
Value | Value | Value | Value | ||||||||||||||
Notes receivable from Preferred Operating Partnership unit holders | $ | 126,380 | $ | 120,230 | $ | 103,491 | $ | 100,000 | |||||||||
Fixed rate notes payable and notes payable to trusts | $ | 1,320,370 | $ | 1,283,893 | $ | 1,365,290 | $ | 1,368,885 | |||||||||
Exchangeable senior notes | $ | 276,095 | $ | 250,000 | $ | 251,103 | $ | 250,000 | |||||||||
Schedule of Computation of Earnings Per Common Share | The computation of earnings per share is as follows for the periods presented: | ||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||
Net income attributable to common stockholders | $ | 178,355 | $ | 172,076 | $ | 117,309 | |||||||||||
Earnings and dividends allocated to participating securities | (490 | ) | (567 | ) | (279 | ) | |||||||||||
Earnings for basic computations | 177,865 | 171,509 | 117,030 | ||||||||||||||
Earnings and dividends allocated to participating securities | — | 567 | 279 | ||||||||||||||
Income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) and Operating Partnership | 13,575 | 7,255 | 6,876 | ||||||||||||||
Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) | (5,586 | ) | (5,750 | ) | (5,750 | ) | |||||||||||
Net income for diluted computations | $ | 185,854 | $ | 173,581 | $ | 118,435 | |||||||||||
Weighted average common shares outstanding: | |||||||||||||||||
Average number of common shares outstanding—basic | 115,713,807 | 111,349,361 | 101,766,385 | ||||||||||||||
Series A Units | 961,747 | 989,980 | 989,980 | ||||||||||||||
OP Units | 4,335,837 | — | — | ||||||||||||||
Unvested restricted stock awards included for treasury stock method | — | 425,705 | 523,815 | ||||||||||||||
Shares related to exchangeable senior notes and dilutive stock options | 423,876 | 340,048 | 487,185 | ||||||||||||||
Average number of common shares outstanding—diluted | 121,435,267 | 113,105,094 | 103,767,365 | ||||||||||||||
Earnings per common share | |||||||||||||||||
Basic | $ | 1.54 | $ | 1.54 | $ | 1.15 | |||||||||||
Diluted | $ | 1.53 | $ | 1.53 | $ | 1.14 |
Real_Estate_Assets_Tables
Real Estate Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Real Estate [Abstract] | |||||||||
Schedule of Components of Real Estate Assets | The components of real estate assets are summarized as follows: | ||||||||
December 31, 2014 | December 31, 2013 | ||||||||
Land—operating | $ | 1,132,175 | $ | 1,009,500 | |||||
Land—development | 21,062 | 10,421 | |||||||
Buildings and improvements | 3,487,935 | 3,032,218 | |||||||
Intangible assets—tenant relationships | 72,293 | 65,811 | |||||||
Intangible lease rights | 8,697 | 8,698 | |||||||
4,722,162 | 4,126,648 | ||||||||
Less: accumulated depreciation and amortization | (604,336 | ) | (496,754 | ) | |||||
Net operating real estate assets | 4,117,826 | 3,629,894 | |||||||
Real estate under development/redevelopment | 17,870 | 6,650 | |||||||
Net real estate assets | $ | 4,135,696 | $ | 3,636,544 | |||||
Real estate assets held for sale included in net real estate assets | $ | — | $ | 5,625 | |||||
Property_Acquisitions_and_Disp1
Property Acquisitions and Dispositions (Tables) | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Operating Properties Acquired | The following table shows the Company’s acquisition of operating stores for the years ended December 31, 2014 and 2013, and does not include purchases of raw land or improvements made to existing assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consideration Paid | Acquisition Date Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Property Location | Number | Date of | Total | Cash | Loan | Non-cash | Notes | Previous | Net | Value of | Number | Land | Building | Intangible | Closing | Notes | |||||||||||||||||||||||||||||||||||||||||||||
of | Acquisition | Paid | Assumed | gain | Issued | equity | Liabilities/ | OP Units | of OP | costs - | |||||||||||||||||||||||||||||||||||||||||||||||||||
Stores | to/ | interest | (Assets) | Issued | Units | expensed (1) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
from | Assumed | Issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Seller | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Florida | 4 | 12/23/14 | $ | 32,954 | $ | 19,122 | $ | — | $ | — | $ | — | $ | — | $ | 122 | $ | 13,710 | 548,390 | $ | 12,502 | $ | 19,640 | $ | 482 | $ | 330 | ||||||||||||||||||||||||||||||||||
New Jersey, Virginia | 5 | 12/18/14 | 47,747 | 42,167 | — | — | — | — | 5,580 | — | — | 4,259 | 42,440 | 688 | 360 | (2 | ) | ||||||||||||||||||||||||||||||||||||||||||||
New York | 1 | 12/11/14 | 20,115 | 20,125 | — | — | — | — | (10 | ) | — | — | 12,085 | 7,665 | — | 365 | (3 | ) | |||||||||||||||||||||||||||||||||||||||||||
North Carolina, South Carolina, Texas | 7 | 12/11/14 | 60,279 | 60,086 | — | — | — | — | 193 | — | — | 19,661 | 36,339 | 876 | 3,403 | (4 | ) | ||||||||||||||||||||||||||||||||||||||||||||
California | 1 | 12/9/14 | 9,298 | 6,300 | — | — | — | — | 15 | 2,983 | 50,620 | 4,508 | 4,599 | 178 | 13 | ||||||||||||||||||||||||||||||||||||||||||||||
Colorado | 1 | 10/24/14 | 6,253 | 6,202 | — | — | — | — | 51 | — | — | 2,077 | 4,087 | 82 | 7 | ||||||||||||||||||||||||||||||||||||||||||||||
Georgia | 1 | 10/22/14 | 11,030 | 11,010 | — | — | — | — | 20 | — | — | 588 | 10,295 | 121 | 26 | ||||||||||||||||||||||||||||||||||||||||||||||
Florida | 1 | 9/3/14 | 4,259 | 4,225 | — | — | — | — | 34 | — | — | 529 | 3,604 | 81 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
Texas | 1 | 8/8/14 | 11,246 | 6,134 | 5,157 | — | — | — | (45 | ) | — | — | 1,047 | 9,969 | 181 | 49 | |||||||||||||||||||||||||||||||||||||||||||||
Georgia | 1 | 8/6/14 | 11,337 | 11,290 | — | — | — | — | 47 | — | — | 1,132 | 10,080 | 111 | 14 | ||||||||||||||||||||||||||||||||||||||||||||||
North Carolina | 1 | 6/18/14 | 7,310 | 7,307 | — | — | — | — | 3 | — | — | 2,940 | 4,265 | 93 | 12 | ||||||||||||||||||||||||||||||||||||||||||||||
California | 1 | 5/28/14 | 17,614 | 294 | 14,079 | — | — | — | (92 | ) | 3,333 | 69,735 | 4,707 | 12,604 | 265 | 38 | |||||||||||||||||||||||||||||||||||||||||||||
Washington | 1 | 4/30/14 | 4,388 | 4,388 | — | — | — | — | — | — | — | 437 | 3,808 | 102 | 41 | ||||||||||||||||||||||||||||||||||||||||||||||
California | 3 | 4/25/14 | 35,275 | 2,726 | 19,111 | 3,438 | — | 129 | (580 | ) | 10,451 | 226,285 | 6,853 | 27,666 | 579 | 177 | (5 | ) | |||||||||||||||||||||||||||||||||||||||||||
Florida | 1 | 4/15/14 | 10,186 | 10,077 | — | — | — | — | 109 | — | — | 1,640 | 8,358 | 149 | 39 | ||||||||||||||||||||||||||||||||||||||||||||||
Georgia | 1 | 4/3/14 | 23,649 | 15,158 | — | — | — | — | 157 | 8,334 | 333,360 | 2,961 | 19,819 | 242 | 627 | ||||||||||||||||||||||||||||||||||||||||||||||
Alabama | 1 | 3/20/14 | 13,813 | 13,752 | — | — | — | — | 61 | — | — | 2,381 | 11,224 | 200 | 8 | ||||||||||||||||||||||||||||||||||||||||||||||
Connecticut | 1 | 3/17/14 | 15,138 | 15,169 | — | — | — | — | (31 | ) | — | — | 1,072 | 14,028 | — | 38 | |||||||||||||||||||||||||||||||||||||||||||||
California | 1 | 3/4/14 | 7,000 | 6,974 | — | — | — | — | 26 | — | — | 2,150 | 4,734 | 113 | 3 | (6 | ) | ||||||||||||||||||||||||||||||||||||||||||||
Texas | 1 | 2/5/14 | 14,191 | 14,152 | — | — | — | — | 39 | — | — | 1,767 | 12,368 | 38 | 18 | ||||||||||||||||||||||||||||||||||||||||||||||
Virginia | 17 | 1/7/14 | 200,588 | 200,525 | — | — | — | — | 63 | — | — | 53,878 | 142,840 | 2,973 | 897 | ||||||||||||||||||||||||||||||||||||||||||||||
2014 Totals | 52 | $ | 563,670 | $ | 477,183 | $ | 38,347 | $ | 3,438 | $ | — | $ | 129 | $ | 5,762 | $ | 38,811 | 1,228,390 | $ | 139,174 | $ | 410,432 | $ | 7,554 | $ | 6,510 | |||||||||||||||||||||||||||||||||||
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 | (7 | ) | |||||||||||||||||||||||||||||||||||||||||||
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 | (7 | ) | ||||||||||||||||||||||||||||||||||||||||||||
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 | (8 | ) | |||||||||||||||||||||||||||||||||||||||||||
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 | (9 | ) | ||||||||||||||||||||||||||||||||||||||||||||
California | 19 | 8/29/13 | 186,427 | 96,085 | — | — | — | — | 519 | 89,823 | 2,613,728 | 100,446 | 81,830 | 2,997 | 1,154 | (9 | ) | ||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||
-1 | This column represents costs paid at closing. The amounts shown exclude other acquisition costs paid before or after the closing date. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-2 | Included in Net Liabilities/(Assets) Assumed is a $5,400 liability related to an earnout provision. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-3 | This represents the acquisition of a non-operating property that the Company plans to convert to a self-storage store. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-4 | Included in closing costs is approximately $3,271 of defeasance costs. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-5 | The Company previously held no equity interest in two of the three properties acquired. The Company acquired its joint venture partner’s 60% interest in an existing joint venture which held one property in California, resulting in full ownership by the Company. Prior to the acquisition date, the Company accounted for its 40% interest in this joint venture as an equity method investment. The total acquisition date fair value of the previous equity interest was approximately $3,567 and is included as consideration transferred. The Company recognized a non-cash gain of $3,438 as a result of remeasuring its prior equity interest in this joint venture held before the acquisition. The three properties were acquired in exchange for approximately $2,726 of cash and 226,285 Series C Units valued at $10,451. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-6 | This property was owned by Spencer F. Kirk, the Company’s Chief Executive Officer, and Kenneth M. Woolley, the Company’s Executive Chairman. The Company acquired the building on March 4, 2014. In a separate transaction on March 5, 2014, the Company acquired the land for $2,150 from a third party unrelated to the Company’s executives and terminated the existing ground lease. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-7 | 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 $9,339 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-8 | 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-9 | 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pro Forma Financial Information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 659,804 | $ | 550,687 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to common stockholders | 183,643 | 179,792 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings per common share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basic | $ | 1.58 | $ | 1.61 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Diluted | $ | 1.57 | $ | 1.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Revenues and Earnings Related to Acquisition since the Acquisition Date | 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, 2014: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
December 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 25,783 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income attributable to common stockholders | $ | 6,671 |
Investments_in_Unconsolidated_1
Investments in Unconsolidated Real Estate Ventures (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||
Schedule of Investments in Unconsolidated Real Estate Ventures | Investments in unconsolidated real estate ventures consist of the following: | ||||||||||||||||||||
Equity | Excess Profit | Investment Balance at December 31, | |||||||||||||||||||
Ownership % | Participation % | 2014 | 2013 | ||||||||||||||||||
Extra Space West One LLC (“ESW”) | 5% | 40% | $ | (95 | ) | $ | 138 | ||||||||||||||
Extra Space West Two LLC (“ESW II”) | 5% | 40% | 4,197 | 4,286 | |||||||||||||||||
Extra Space Northern Properties Six LLC (“ESNPS”) | 10% | 35% | (87 | ) | 263 | ||||||||||||||||
Extra Space of Santa Monica LLC (“ESSM”) | 48% | 48% | 1,153 | 2,541 | |||||||||||||||||
Clarendon Storage Associates Limited Partnership (“Clarendon”) | 50% | 50% | 3,148 | 3,155 | |||||||||||||||||
PRISA Self Storage LLC (“PRISA”) | 2% | 17% | 10,520 | 10,737 | |||||||||||||||||
PRISA II Self Storage LLC (“PRISA II”) | 2% | 17% | 9,008 | 9,143 | |||||||||||||||||
VRS Self Storage LLC (“VRS”) | 45% | 54% | 40,363 | 41,810 | |||||||||||||||||
WCOT Self Storage LLC (“WCOT”) | 5% | 20% | 3,972 | 4,145 | |||||||||||||||||
Storage Portfolio I LLC (“SP I”) | 25% | 25-40% | 12,042 | 12,343 | |||||||||||||||||
Other minority owned properties | 18-50% | 19-50% | 1,490 | (436 | ) | ||||||||||||||||
$ | 85,711 | $ | 88,125 | ||||||||||||||||||
Schedule of Equity in Earnings of Unconsolidated Real Estate Ventures | Equity in earnings of unconsolidated real estate ventures consists of the following: | ||||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Equity in earnings of ESW | $ | 1,571 | $ | 1,406 | $ | 1,263 | |||||||||||||||
Equity in earnings of ESW II | 102 | 50 | 26 | ||||||||||||||||||
Equity in earnings of ESNPS | 513 | 461 | 382 | ||||||||||||||||||
Equity in earnings of ESSM | 424 | 369 | 314 | ||||||||||||||||||
Equity in earnings of Clarendon | 551 | 516 | 471 | ||||||||||||||||||
Equity in earnings of HSRE-ESP IA, LLC (“HSRE”) | — | 1,428 | 1,298 | ||||||||||||||||||
Equity in earnings of PRISA | 929 | 890 | 821 | ||||||||||||||||||
Equity in earnings of PRISA II | 764 | 703 | 643 | ||||||||||||||||||
Equity in earnings of VRS | 3,510 | 3,464 | 2,849 | ||||||||||||||||||
Equity in earnings of WCOT | 498 | 448 | 370 | ||||||||||||||||||
Equity in earnings of SP I | 1,541 | 1,243 | 1,103 | ||||||||||||||||||
Equity in earnings of other minority owned properties | 138 | 675 | 1,319 | ||||||||||||||||||
$ | 10,541 | $ | 11,653 | $ | 10,859 | ||||||||||||||||
Summary of Unaudited Information Related to Real Estate Ventures' Debt | Information (unaudited) related to the real estate ventures’ debt at December 31, 2014, is presented below: | ||||||||||||||||||||
Loan Amount | Current | Debt | |||||||||||||||||||
Interest Rate | Maturity | ||||||||||||||||||||
ESNPS—Fixed | $ | 34,500 | 5.27 | % | Jun-15 | ||||||||||||||||
ESW—Fixed | 16,700 | 5 | % | September 2015 | |||||||||||||||||
SP I—Fixed | 91,543 | 4.66 | % | Apr-18 | |||||||||||||||||
Clarendon—Swapped to fixed | 7,888 | 5.93 | % | Sep-18 | |||||||||||||||||
ESW II—Swapped to fixed | 18,924 | 3.57 | % | Feb-19 | |||||||||||||||||
VRS—Swapped to fixed | 52,100 | 3.34 | % | Jul-19 | |||||||||||||||||
WCOT—Swapped to fixed | 87,500 | 3.34 | % | Aug-19 | |||||||||||||||||
ESSM—Variable | 13,878 | 4.19 | % | May-21 | |||||||||||||||||
PRISA | — | — | Unleveraged | ||||||||||||||||||
PRISA II | — | — | Unleveraged | ||||||||||||||||||
Other minority owned properties | 10,296 | Various | Various | ||||||||||||||||||
Condensed Financial Information of Unconsolidated Real Estate Ventures | Combined, condensed unaudited financial information of ESW, ESW II, ESNPS, PRISA, PRISA II, PRISA III, VRS, WCOT and SP I as of December 31, 2014 and 2013, and for the years ended December 31, 2014, 2013 and 2012, follows: | ||||||||||||||||||||
December 31, | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
Balance Sheets: | |||||||||||||||||||||
Assets: | |||||||||||||||||||||
Net real estate assets | $ | 1,442,755 | $ | 1,474,754 | |||||||||||||||||
Other | 34,636 | 33,642 | |||||||||||||||||||
$ | 1,477,391 | $ | 1,508,396 | ||||||||||||||||||
Liabilities and members’ equity: | |||||||||||||||||||||
Notes payable | $ | 301,267 | $ | 304,121 | |||||||||||||||||
Other liabilities | 23,490 | 22,488 | |||||||||||||||||||
Members’ equity | 1,152,634 | 1,181,787 | |||||||||||||||||||
$ | 1,477,391 | $ | 1,508,396 | ||||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||||||
2014 | 2013 | 2012 (a) | |||||||||||||||||||
Statements of Income: | |||||||||||||||||||||
Rents and other income | $ | 273,231 | $ | 260,487 | $ | 266,222 | |||||||||||||||
Expenses | 153,973 | 149,595 | 164,285 | ||||||||||||||||||
Net income | $ | 119,258 | $ | 110,892 | $ | 101,937 | |||||||||||||||
(a) | The income statement information for the year ended December 31, 2012 includes results from PRISA III and SPB II, which were acquired by the Company during 2012. Balance sheet and income statement information as of December 31, 2013 and 2014 does not include PRISA III or SPB II. | ||||||||||||||||||||
Schedule Comparing the Liability Balance and Maximum Exposure to Loss Related to Company's Each VIE JV | The following table compares the liability balance and the maximum exposure to loss related to the Company’s VIE JV as of December 31, 2014: | ||||||||||||||||||||
Liability | Investment | Amounts | Maximum | Difference | |||||||||||||||||
Balance | Balance | Payable to the | Exposure | ||||||||||||||||||
Company | to Loss | ||||||||||||||||||||
Extra Space of Sacramento One LLC | $ | — | $ | (1,264 | ) | $ | 10,590 | $ | 9,326 | $ | (9,326 | ) | |||||||||
Other_Assets_Tables
Other Assets (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |||||||||
Schedule of Other Assets | The components of other assets are summarized as follows: | ||||||||
December 31, 2014 | December 31, 2013 | ||||||||
Equipment and fixtures | $ | 24,913 | $ | 21,774 | |||||
Less: accumulated depreciation | (15,183 | ) | (12,805 | ) | |||||
Other intangible assets | 7,130 | 6,460 | |||||||
Deferred financing costs, net | 21,483 | 21,881 | |||||||
Prepaid expenses and deposits | 8,891 | 8,355 | |||||||
Receivables, net | 31,946 | 26,278 | |||||||
Notes receivable | 9,661 | 5,747 | |||||||
Investments in Trusts | 3,590 | 3,590 | |||||||
Income taxes receivable | — | 1,845 | |||||||
Fair value of interest rate swaps | 3,583 | 13,630 | |||||||
$ | 96,014 | $ | 96,755 | ||||||
Notes_Payable_Tables
Notes Payable (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2014 | |||||||||
Debt Disclosure [Abstract] | |||||||||
Schedule of Components of Notes Payable | The components of notes payable are summarized as follows: | ||||||||
December 31, 2014 | December 31, 2013 | ||||||||
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 2015 and February 2023. | $ | 1,164,303 | $ | 1,249,295 | |||||
Variable Rate | |||||||||
Mortgage loans with banks bearing floating interest rates based on LIBOR. Interest rates based on LIBOR are between LIBOR plus 1.65% (1.82% at December 31, 2014 and 1.97% December 31, 2013) and LIBOR plus 2.0% (2.17% at December 31, 2014 and 2.26% 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 May 2015 and March 2021. | 707,764 | 339,301 | |||||||
$ | 1,872,067 | $ | 1,588,596 | ||||||
Schedule of Maturities of Notes Payable | The following table summarizes the scheduled maturities of notes payable at December 31, 2014: | ||||||||
2015 | $ | 251,466 | |||||||
2016 | 185,732 | ||||||||
2017 | 475,910 | ||||||||
2018 | 127,078 | ||||||||
2019 | 447,012 | ||||||||
Thereafter | 384,869 | ||||||||
$ | 1,872,067 | ||||||||
Derivatives_Tables
Derivatives (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||
Schedule Summarizing Terms of Entity's Derivative Financial Instruments | The following table summarizes the terms of the Company’s 19 derivative financial instruments, which have a total combined notional amount of $717,353, as of December 31, 2014: | ||||||||||||||||
Hedge Product | Range of Notional | Strike | Effective Dates | Maturity Dates | |||||||||||||
Amounts | |||||||||||||||||
Swap Agreements | $5,120 – $94,636 | 2.79% – 5.80% | 6/11/2010 – 1/1/2014 | 6/1/2015 – 4/1/2021 | |||||||||||||
Schedule of Balance Sheet Classification and Fair Value of Entity's Derivative Financial 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, 2014 | December 31, 2013 | ||||||||||||||||
Derivatives designated as hedging instruments: | Balance Sheet | Fair | Balance Sheet | Fair | |||||||||||||
Location | Value | Location | Value | ||||||||||||||
Swap Agreements | Other assets | $ | 3,583 | Other assets | $ | 13,630 | |||||||||||
Swap Agreements | Other liabilities | $ | (3,533 | ) | Other liabilities | $ | (3,684 | ) | |||||||||
Interest Payments Recognized as an Increase or Decrease in Interest Expense | 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: | ||||||||||||||||
Type | Classification of | For the Year Ended December 31, 2014 | |||||||||||||||
Income (Expense) | 2014 | 2013 | 2012 | ||||||||||||||
Swap Agreements | Interest expense | $ | (8,780 | ) | $ | (8,917 | ) | $ | (6,758 | ) | |||||||
Schedule of Information Relating to Gain (Loss) Recognized on Swap Agreements | |||||||||||||||||
Gain (loss) | Location of amounts | Gain (loss) reclassified | |||||||||||||||
recognized in OCI | reclassified from OCI | from OCI | |||||||||||||||
Type | December 31, 2014 | into income | For the Year Ended | ||||||||||||||
December 31, 2014 | |||||||||||||||||
Swap Agreements | $ | (18,557 | ) | Interest expense | $ | (8,780 | ) | ||||||||||
Gain (loss) | Location of amounts | Gain (loss) reclassified | |||||||||||||||
recognized in OCI | reclassified from OCI | from OCI | |||||||||||||||
Type | December 31, 2013 | into income | For the Year Ended | ||||||||||||||
31-Dec-13 | |||||||||||||||||
Swap Agreements | $ | 13,718 | Interest expense | $ | (8,917 | ) | |||||||||||
Notes_Payable_to_Trusts_Tables
Notes Payable to Trusts (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Equity [Abstract] | |||||||||||||||||
Schedule of Liabilities and Maximum Exposure to Loss Related to Trusts | 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, 2014: | ||||||||||||||||
Notes payable | Investment | Maximum | Difference | ||||||||||||||
to Trusts | Balance | exposure to loss | |||||||||||||||
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 | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Text Block [Abstract] | |||||||||||||
Schedule of Information about Carrying Amount of Equity Component, Principal Amount of Liability Component, Unamortized Discount and Net Carrying Amount for Notes | 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 30, 2014 | December 31, 2013 | ||||||||||||
Carrying amount of equity component | $ | 14,496 | $ | 14,496 | |||||||||
Principal amount of liability component | $ | 250,000 | $ | 250,000 | |||||||||
Unamortized discount—equity component | (10,448 | ) | (13,131 | ) | |||||||||
Unamortized cash discount | (2,606 | ) | (3,356 | ) | |||||||||
Net carrying amount of liability component | $ | 236,946 | $ | 233,513 | |||||||||
Summary of Amount of Interest Cost Recognized Relating to Contractual Interest Rate and Amortization of Discount on Liability Component of Notes | 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, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Contractual interest | $ | 5,936 | $ | 3,134 | $ | 790 | |||||||
Amortization of discount | 2,683 | 1,404 | 444 | ||||||||||
Total interest expense recognized | $ | 8,619 | $ | 4,538 | $ | 1,234 | |||||||
Lines_Of_Credit_Tables
Lines Of Credit (Tables) | 12 Months Ended | ||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||
Text Block [Abstract] | |||||||||||||||||||
Summarized Information of Lines of Credit | 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, 2014 | |||||||||||||||||||
Line of Credit | Amount | Capacity (1) | Interest | Origination | Maturity | Basis Rate (2) | Notes | ||||||||||||
Drawn (1) | Rate | Date | |||||||||||||||||
Credit Line 1 | $ | 7,000 | $ | 85,000 | 2.10% | 6/4/10 | 6/3/16 | LIBOR plus 1.9% | -3 | ||||||||||
Credit Line 2 | 41,000 | 50,000 | 1.90% | 11/16/10 | 2/13/17 | LIBOR plus 1.8% | -4 | ||||||||||||
Credit Line 3 | 50,000 | 80,000 | 1.90% | 4/29/11 | 11/18/16 | LIBOR plus 1.7% | -4 | ||||||||||||
Credit Line 4 | 40,000 | 50,000 | 1.80% | 9/29/14 | 9/29/17 | LIBOR plus 1.7% | -4 | ||||||||||||
$ | 138,000 | $ | 265,000 | ||||||||||||||||
-1 | Amounts in thousands | ||||||||||||||||||
-2 | 30-day USD LIBOR | ||||||||||||||||||
-3 | One two-year extension available | ||||||||||||||||||
-4 | Two one-year extensions available |
Other_Liabilities_Tables
Other Liabilities (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Other Liabilities Disclosure [Abstract] | |||||||||||||
Summarized Statement of Other Liabilities | The components of other liabilities are summarized as follows: | ||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||
Deferred rental income | $ | 28,485 | $ | 24,037 | |||||||||
Lease obligation liability | 713 | 2,076 | |||||||||||
Fair value of interest rate swaps | 3,533 | 3,684 | |||||||||||
Income taxes payable | 672 | 671 | |||||||||||
Deferred tax liability | 5,367 | 3,481 | |||||||||||
Earnout provisions on acquisitions | 8,033 | 133 | |||||||||||
Unpaid claims liability | 1,832 | 1,236 | |||||||||||
Other miscellaneous liabilities | 6,084 | 2,679 | |||||||||||
$ | 54,719 | $ | 37,997 | ||||||||||
Schedule of Unpaid Claims Liability | The following table presents information on the Company’s unpaid claims liability for the periods presented: | ||||||||||||
For the Year Ended | |||||||||||||
December 31, | |||||||||||||
Tenant Reinsurance Claims: | 2014 | 2013 | 2012 | ||||||||||
Unpaid claims liability at beginning of year | $ | 1,236 | $ | 1,414 | $ | 715 | |||||||
Claims and claim adjustment expense for claims incurred in the current year | 5,126 | 3,817 | 3,417 | ||||||||||
Claims and claim adjustment expense for claims incurred in the prior years | (345 | ) | (116 | ) | 22 | ||||||||
Payments for current year claims | (3,367 | ) | (2,627 | ) | (2,028 | ) | |||||||
Payments for prior year claims | (818 | ) | (1,252 | ) | (712 | ) | |||||||
Unpaid claims liability at the end of the year | $ | 1,832 | $ | 1,236 | $ | 1,414 | |||||||
Related_Party_and_Affiliated_R1
Related Party and Affiliated Real Estate Joint Venture Transactions (Tables) | 12 Months Ended | ||||||||||||||
Dec. 31, 2014 | |||||||||||||||
Related Party Transactions [Abstract] | |||||||||||||||
Summarized Information of Management Fee Revenues for Related Party and Affiliated Joint Ventures | Management fee revenues for related party and affiliated real estate joint ventures are summarized as follows: | ||||||||||||||
For the Year Ended December 31, | |||||||||||||||
Entity | Type | 2014 | 2013 | 2012 | |||||||||||
ESW | Affiliated real estate joint ventures | $ | 480 | $ | 450 | $ | 430 | ||||||||
ESW II | Affiliated real estate joint ventures | 410 | 382 | 354 | |||||||||||
ESNPS | Affiliated real estate joint ventures | 550 | 528 | 498 | |||||||||||
ESSM | Affiliated real estate joint ventures | 132 | 117 | 107 | |||||||||||
HSRE | Affiliated real estate joint ventures | 1,201 | 1,146 | 1,094 | |||||||||||
PRISA | Affiliated real estate joint ventures | 5,466 | 5,215 | 5,174 | |||||||||||
PRISA II | Affiliated real estate joint ventures | 4,635 | 4,397 | 4,138 | |||||||||||
VRS | Affiliated real estate joint ventures | 1,326 | 1,286 | 1,207 | |||||||||||
WCOT | Affiliated real estate joint ventures | 1,680 | 1,601 | 1,520 | |||||||||||
SP I | Affiliated real estate joint ventures | 1,999 | 1,953 | 1,885 | |||||||||||
Other | Franchisees, third parties and other | 10,336 | 9,539 | 9,299 | |||||||||||
$ | 28,215 | $ | 26,614 | $ | 25,706 | ||||||||||
Summarized Information of Receivables from Related Party and Affiliated Joint Ventures | Receivables from related parties and affiliated real estate joint ventures balances are summarized as follows: | ||||||||||||||
December 31, 2014 | December 31, 2013 | ||||||||||||||
Mortgage notes receivable | $ | 10,590 | $ | 5,818 | |||||||||||
Other receivables from stores | 1,188 | 1,724 | |||||||||||||
$ | 11,778 | $ | 7,542 | ||||||||||||
StockBased_Compensation_Tables
Stock-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||
Summary of Stock Option Activity | A summary of stock option activity is as follows: | ||||||||||||||||||||
Options | Number of Shares | Weighted Average | Weighted Average | Aggregate Intrinsic | |||||||||||||||||
Exercise Price | Remaining | Value as of | |||||||||||||||||||
Contractual Life | December 31, 2014 | ||||||||||||||||||||
(Years) | |||||||||||||||||||||
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 | $ | 15.01 | ||||||||||||||||||
Granted | 31,000 | 47.5 | |||||||||||||||||||
Exercised | (211,747 | ) | 14.85 | ||||||||||||||||||
Forfeited | (5,150 | ) | 28.28 | ||||||||||||||||||
Outstanding at December 31, 2014 | 568,727 | $ | 16.62 | 4.77 | $ | 23,898 | |||||||||||||||
Vested and Expected to Vest | 563,432 | $ | 16.4 | 4.73 | $ | 23,798 | |||||||||||||||
Ending Exercisable | 457,131 | $ | 12.26 | 4.03 | $ | 21,204 | |||||||||||||||
Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Granted Stock Options | 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, | |||||||||||||||||||||
2014 | 2013 | 2012 | |||||||||||||||||||
Expected volatility | 40 | % | 42 | % | 44 | % | |||||||||||||||
Dividend yield | 4 | % | 4 | % | 5 | % | |||||||||||||||
Risk-free interest rate | 1.5 | % | 0.9 | % | 0.9 | % | |||||||||||||||
Average expected term (years) | 5 | 5 | 5 | ||||||||||||||||||
Schedule of Stock Options Outstanding and Exercisable | A summary of stock options outstanding and exercisable as of December 31, 2014, 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—$6.22 | 174,765 | 4.13 | $ | 6.22 | 174,765 | $ | 6.22 | ||||||||||||||
$11.59—$12.85 | 113,910 | 4.96 | 12.07 | 113,910 | 12.07 | ||||||||||||||||
$13.04—$16.83 | 118,750 | 2.22 | 15.24 | 118,750 | 15.24 | ||||||||||||||||
$19.60—$38.40 | 132,552 | 6.83 | 28.78 | 48,956 | 26.47 | ||||||||||||||||
$47.50—$47.50 | 28,750 | 8.9 | 47.5 | 750 | 47.5 | ||||||||||||||||
$6.22—$47.50 | 568,727 | 4.77 | $ | 16.62 | 457,131 | $ | 12.26 | ||||||||||||||
Summary of Company's Employee and Director Share Grant Activity | A summary of the Company’s employee and director share grant activity is as follows: | ||||||||||||||||||||
Restricted Stock Grants | Shares | Weighted-Average | |||||||||||||||||||
Grant-Date Fair | |||||||||||||||||||||
Value | |||||||||||||||||||||
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 | ||||||||||||||||||
Granted | 117,370 | 49.25 | |||||||||||||||||||
Released | (197,386 | ) | 23.07 | ||||||||||||||||||
Cancelled | (23,595 | ) | 37.19 | ||||||||||||||||||
Unreleased at December 31, 2014 | 291,749 | $ | 37.73 | ||||||||||||||||||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Income Tax Disclosure [Abstract] | |||||||||||||||||
Summarized Statement of Components of Income Tax Provision | The income tax provision for the years ended December 31, 2014, 2013 and 2012, is comprised of the following components: | ||||||||||||||||
For the Year Ended December 31, 2014 | |||||||||||||||||
Federal | State | Total | |||||||||||||||
Current expense | $ | 6,020 | $ | 1,374 | $ | 7,394 | |||||||||||
Tax credits | (2,176 | ) | — | (2,176 | ) | ||||||||||||
Change in deferred benefit | 803 | 1,549 | 2,352 | ||||||||||||||
Total tax expense | $ | 4,647 | $ | 2,923 | $ | 7,570 | |||||||||||
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 | |||||||||||
Schedule of Reconciliation of Statutory Income Tax Provisions to the Effective Income Tax Provisions | A reconciliation of the statutory income tax provisions to the effective income tax provisions for the periods presented is as follows: | ||||||||||||||||
For the Year Ended December 31, | |||||||||||||||||
2014 | 2013 | ||||||||||||||||
Expected tax at statutory rate | $ | 71,215 | 35 | % | $ | 67,012 | 35 | % | |||||||||
Non-taxable REIT income | (64,402 | ) | (31.7 | %) | (53,519 | ) | (27.9 | %) | |||||||||
State and local tax expense—net of federal benefit | 1,109 | 0.6 | % | 615 | 0.3 | % | |||||||||||
Change in valuation allowance | 1,663 | 0.8 | % | 435 | 0.2 | % | |||||||||||
Tax Credits (WOTC & Solar) | (2,176 | ) | (1.1 | %) | (4,562 | ) | (2.4 | %) | |||||||||
Miscellaneous | 161 | 0.1 | % | 3 | 0 | % | |||||||||||
Total provision | $ | 7,570 | 3.7 | % | $ | 9,984 | 5.2 | % | |||||||||
Schedule of Major Sources of Temporary Differences Stated at their Deferred Tax Effects | The major sources of temporary differences stated at their deferred tax effects are as follows: | ||||||||||||||||
December 31, | December 31, | ||||||||||||||||
2014 | 2013 | ||||||||||||||||
Deferred Tax Liabilities: | |||||||||||||||||
Fixed Assets | $ | (16,586 | ) | $ | (14,557 | ) | |||||||||||
Other | (269 | ) | (663 | ) | |||||||||||||
State Deferred Taxes | (1,576 | ) | — | ||||||||||||||
Total Deferred Tax Liabilities | (18,431 | ) | (15,220 | ) | |||||||||||||
Deferred Tax Assets: | |||||||||||||||||
Capitive Insurance Subsidiary | 447 | 400 | |||||||||||||||
Accrued liabilities | 1,232 | 1,043 | |||||||||||||||
Stock compensation | 1,176 | 1,394 | |||||||||||||||
Solar Credit | 9,342 | 8,480 | |||||||||||||||
Other | 840 | 422 | |||||||||||||||
State Deferred Taxes | 6,260 | 4,570 | |||||||||||||||
Total Deferred Tax Assets | 19,297 | 16,309 | |||||||||||||||
Valuation Allowance | (6,233 | ) | (4,570 | ) | |||||||||||||
Net deferred income tax liability | $ | (5,367 | ) | $ | (3,481 | ) | |||||||||||
Segment_Information_Tables
Segment Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Segment Reporting [Abstract] | |||||||||||||
Schedule of Financial Information of Business Segments | Financial information for the Company’s business segments is set forth below: | ||||||||||||
December 31, | December 31, | ||||||||||||
2014 | 2013 | ||||||||||||
Balance Sheet | |||||||||||||
Investment in unconsolidated real estate ventures | |||||||||||||
Rental operations | $ | 85,711 | $ | 88,125 | |||||||||
Total assets | |||||||||||||
Rental operations | $ | 4,109,673 | $ | 3,641,746 | |||||||||
Tenant reinsurance | 39,383 | 34,393 | |||||||||||
Property management, acquisition and development | 253,051 | 301,001 | |||||||||||
$ | 4,402,107 | $ | 3,977,140 | ||||||||||
For The Year Ended December 31, | |||||||||||||
2014 | 2013 | 2012 | |||||||||||
Statement of Operations | |||||||||||||
Total revenues | |||||||||||||
Rental operations | $ | 559,868 | $ | 446,682 | $ | 346,874 | |||||||
Tenant reinsurance | 59,072 | 47,317 | 36,816 | ||||||||||
Property management, acquisition and development | 28,215 | 26,614 | 25,706 | ||||||||||
$ | 647,155 | $ | 520,613 | $ | 409,396 | ||||||||
Operating expenses, including depreciation and amortization | |||||||||||||
Rental operations | $ | 279,497 | $ | 229,229 | $ | 184,540 | |||||||
Tenant reinsurance | 10,427 | 9,022 | 7,869 | ||||||||||
Property management, acquisition and development | 78,763 | 68,879 | 59,746 | ||||||||||
$ | 368,687 | $ | 307,130 | $ | 252,155 | ||||||||
Income (loss) from operations | |||||||||||||
Rental operations | $ | 280,371 | $ | 217,453 | $ | 162,334 | |||||||
Tenant reinsurance | 48,645 | 38,295 | 28,947 | ||||||||||
Property management, acquisition and development | (50,548 | ) | (42,265 | ) | (34,040 | ) | |||||||
$ | 278,468 | $ | 213,483 | $ | 157,241 | ||||||||
Gain (loss) on sale of real estate and earnout from prior acquisitions | |||||||||||||
Property management, acquisition and development | $ | (10,285 | ) | $ | 960 | $ | — | ||||||
Property casualty loss, net | |||||||||||||
Rental operations | $ | (1,724 | ) | $ | — | $ | — | ||||||
Loss on extinguishment of debt related to portfolio acquisition | |||||||||||||
Property management, acquisition and development | $ | — | $ | (9,153 | ) | $ | — | ||||||
Interest expense | |||||||||||||
Rental operations | $ | (80,160 | ) | $ | (69,702 | ) | $ | (70,472 | ) | ||||
Property management, acquisition and development | (1,170 | ) | (1,928 | ) | (1,378 | ) | |||||||
$ | (81,330 | ) | $ | (71,630 | ) | $ | (71,850 | ) | |||||
Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes | |||||||||||||
Property management, acquisition and development | $ | (2,683 | ) | $ | (1,404 | ) | $ | (444 | ) | ||||
Interest income | |||||||||||||
Tenant reinsurance | $ | 17 | $ | 17 | $ | 12 | |||||||
Property management, acquisition and development | 1,590 | 732 | 1,804 | ||||||||||
$ | 1,607 | $ | 749 | $ | 1,816 | ||||||||
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 | $ | 10,541 | $ | 11,653 | $ | 10,859 | |||||||
Equity in earnings of unconsolidated real estate ventures—gain on sale of real estate assets and purchase of joint venture partners’ interests | |||||||||||||
Rental operations | $ | 4,022 | $ | 46,032 | $ | 30,630 | |||||||
Income tax (expense) benefit | |||||||||||||
Rental operations | $ | (1,157 | ) | $ | (149 | ) | $ | (660 | ) | ||||
Tenant reinsurance | (8,662 | ) | (13,409 | ) | (10,399 | ) | |||||||
Property management, acquisition and development | 2,249 | 3,574 | 5,646 | ||||||||||
$ | (7,570 | ) | $ | (9,984 | ) | $ | (5,413 | ) | |||||
Net income (loss) | |||||||||||||
Rental operations | $ | 211,893 | $ | 205,287 | $ | 132,691 | |||||||
Tenant reinsurance | 40,000 | 24,903 | 18,560 | ||||||||||
Property management, acquisition and development | (55,997 | ) | (44,634 | ) | (23,562 | ) | |||||||
$ | 195,896 | $ | 185,556 | $ | 127,689 | ||||||||
Depreciation and amortization expense | |||||||||||||
Rental operations | $ | 107,081 | $ | 89,217 | $ | 70,512 | |||||||
Property management, acquisition and development | 7,995 | 6,015 | 3,941 | ||||||||||
$ | 115,076 | $ | 95,232 | $ | 74,453 | ||||||||
Statement of Cash Flows | |||||||||||||
Acquisition of real estate assets | |||||||||||||
Property management, acquisition and development | $ | (503,538 | ) | $ | (349,959 | ) | $ | (601,727 | ) | ||||
Development and redevelopment of real estate assets | |||||||||||||
Property management, acquisition and development | $ | (23,528 | ) | $ | (6,466 | ) | $ | (3,759 | ) | ||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2014 | |||||
Commitments and Contingencies Disclosure [Abstract] | |||||
Schedule of Future Minimum Rental Payments Under Non-Cancelable Operating Lease | At December 31, 2014, future minimum rental payments under thesenon-cancelable operating leases were as follows (unaudited): | ||||
Less than 1 year | $ | 6,125 | |||
Year 2 | 5,054 | ||||
Year 3 | 3,728 | ||||
Year 4 | 2,899 | ||||
Year 5 | 2,287 | ||||
Thereafter | 45,293 | ||||
$ | 65,386 | ||||
Supplementary_Quarterly_Financ1
Supplementary Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2014 | |||||||||||||||||
Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||
Schedule of Supplementary Quarterly Financial Data | SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED) | ||||||||||||||||
For the Three Months Ended | |||||||||||||||||
March 31, | June 30, | September 30, | December 31, | ||||||||||||||
2014 | 2014 | 2014 | 2014 | ||||||||||||||
Revenues | $ | 152,180 | $ | 160,240 | $ | 167,368 | $ | 167,367 | |||||||||
Cost of operations | 91,782 | 89,579 | 89,875 | 97,451 | |||||||||||||
Revenues less cost of operations | $ | 60,398 | $ | 70,661 | $ | 77,493 | $ | 69,916 | |||||||||
Net income | $ | 41,209 | $ | 46,008 | $ | 59,193 | $ | 49,486 | |||||||||
Net income attributable to common stockholders | $ | 37,340 | $ | 41,665 | $ | 54,228 | $ | 45,122 | |||||||||
Earnings per common share—basic | $ | 0.32 | $ | 0.36 | $ | 0.47 | $ | 0.39 | |||||||||
Earnings per common share—diluted | $ | 0.32 | $ | 0.36 | $ | 0.47 | $ | 0.39 | |||||||||
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 |
Description_of_Business_Additi
Description of Business - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2014 | |
Segments | |
Store | |
Organization Consolidation And Presentation Of Financial Statements [Line Items] | |
Number of operating storage facilities in which the entity has equity interests (in stores) | 828 |
Number of stores owned by franchisees and third parties | 260 |
Number of operating stores owned and/or managed | 1,088 |
Number of states in which operating storage facilities are located | 35 |
Number of reportable segments | 3 |
Rental Revenue [Member] | Customer Concentration Risk [Member] | |
Organization Consolidation And Presentation Of Financial Statements [Line Items] | |
Maximum percentage of rental income accounted for by any single tenant | 5.00% |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | |||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 21, 2013 | |
Store | ||||
Item | ||||
Entity | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Number of nonconsolidated VIEs to which Operating Partnership has notes payable (in number of entities) | 3 | |||
Transfer of assets between level 1 and level 2 | $0 | |||
Transfer of assets between level 2 and level 1 | 0 | |||
Transfer of liabilities between level 1 and level 2 | 0 | |||
Transfer of liabilities between level 2 and level 1 | 0 | |||
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 | |||
Number of components of economic risk | 3 | |||
Minimum amount of insurance coverage | 2,000,000 | |||
Maximum amount of insurance coverage | 10,000,000 | |||
Average amount of insurance coverage | 2,540,000 | |||
Amounts recoverable under reinsurance arrangements | 0 | |||
Advertising expense | 8,370,000 | 6,482,000 | 6,026,000 | |
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 | 0.00% | |||
Interest or penalties related to uncertain tax provisions | 0 | 0 | ||
Unrecognized tax benefits | 0 | 0 | ||
Average closing price of common stock | $58.64 | |||
Anti-dilutive securities excluded from computation of earnings per common share | 961,747 | 989,980 | 989,980 | |
Operating Partnership [Member] | 2.375% Exchangeable Senior Notes [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Principal amount of notes issued | 250,000,000 | 250,000,000 | ||
Interest rate (as a percent) | 2.38% | 2.38% | ||
Exchange price | $55.62 | |||
Shares related to the Notes included in the computation for diluted earnings per share | 130,883 | 0 | ||
Series A Units [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Exchangeable preferred operating partnership units settled in cash, minimum | 115,000,000 | |||
Series B Units [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per common share | 764,385 | 257,266 | ||
Units outstanding | 41,902,000 | |||
Anti-dilutive securities excluded from computation of earnings per common share | 714,566 | |||
Series C Units [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per common share | 489,366 | 33,302 | ||
Units outstanding | 29,639,000 | |||
Anti-dilutive securities excluded from computation of earnings per common share | 505,441 | |||
Series D Units [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per common share | 6,492 | |||
Units outstanding | $13,710,000 | |||
Anti-dilutive securities excluded from computation of earnings per common share | 233,795 | |||
OP Units [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per common share | 3,334,956 | 2,755,650 | ||
Stock Options [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Anti-dilutive securities excluded from computation of earnings per common share | 27,374 | 44,958 | 57,335 | |
Buildings and Improvements [Member] | Minimum [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Estimated useful life | 5 years | |||
Buildings and Improvements [Member] | Maximum [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Estimated useful life | 39 years | |||
Equipment and Fixtures [Member] | Minimum [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Estimated useful life | 3 years | |||
Equipment and Fixtures [Member] | Maximum [Member] | ||||
Schedule of Significant Accounting Policies [Line Items] | ||||
Estimated useful life | 5 years |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) (Recurring Basis [Member], USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Other assets-Cash Flow Hedge Swap Agreements | $3,583 |
Other liabilities-Cash Flow Hedge Swap Agreements | -3,533 |
Fair Value, Inputs, Level 1 [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Other assets-Cash Flow Hedge Swap Agreements | 0 |
Other liabilities-Cash Flow Hedge Swap Agreements | 0 |
Significant Other Observable Inputs (Level 2) [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Other assets-Cash Flow Hedge Swap Agreements | 3,583 |
Other liabilities-Cash Flow Hedge Swap Agreements | -3,533 |
Fair Value, Inputs, Level 3 [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Other assets-Cash Flow Hedge Swap Agreements | 0 |
Other liabilities-Cash Flow Hedge Swap Agreements | $0 |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies - Schedule of Fair Value of Financial Instruments (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Fair Value of Financial Instruments [Line Items] | ||
Notes receivable from Preferred Operating Partnership unit holders | $120,230 | $120,230 |
Exchangeable senior notes | 250,000 | 250,000 |
Carrying Value [Member] | ||
Fair Value of Financial Instruments [Line Items] | ||
Notes receivable from Preferred Operating Partnership unit holders | 120,230 | 100,000 |
Fixed rate notes payable and notes payable to trusts | 1,283,893 | 1,368,885 |
Exchangeable senior notes | 250,000 | 250,000 |
Fair Value [Member] | ||
Fair Value of Financial Instruments [Line Items] | ||
Notes receivable from Preferred Operating Partnership unit holders | 126,380 | 103,491 |
Fixed rate notes payable and notes payable to trusts | 1,320,370 | 1,365,290 |
Exchangeable senior notes | $276,095 | $251,103 |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies - Schedule of Computation of Earnings Per Common Share (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Earnings Per Share [Abstract] | |||||||||||
Net income attributable to common stockholders | $45,122 | $54,228 | $41,665 | $37,340 | $76,940 | $29,245 | $34,466 | $31,425 | $178,355 | $172,076 | $117,309 |
Earnings and dividends allocated to participating securities | -490 | -567 | -279 | ||||||||
Earnings for basic computations | 177,865 | 171,509 | 117,030 | ||||||||
Earnings and dividends allocated to participating securities | 567 | 279 | |||||||||
Income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units) and Operating Partnership | 13,575 | 7,255 | 6,876 | ||||||||
Fixed component of income allocated to noncontrolling interest-Preferred Operating Partnership (Series A Units) | -5,586 | -5,750 | -5,750 | ||||||||
Net income for diluted computations | $185,854 | $173,581 | $118,435 | ||||||||
Weighted average common shares outstanding: | |||||||||||
Average number of common shares outstanding-basic | 115,713,807 | 111,349,361 | 101,766,385 | ||||||||
Series A Units | 961,747 | 989,980 | 989,980 | ||||||||
OP Units | 4,335,837 | ||||||||||
Unvested restricted stock awards included for treasury stock method | 425,705 | 523,815 | |||||||||
Shares related to exchangeable senior notes and dilutive stock options | 423,876 | 340,048 | 487,185 | ||||||||
Average number of common shares outstanding-diluted | 121,435,267 | 113,105,094 | 103,767,365 | ||||||||
Earnings per common share | |||||||||||
Basic | $0.39 | $0.47 | $0.36 | $0.32 | $0.68 | $0.26 | $0.31 | $0.28 | $1.54 | $1.54 | $1.15 |
Diluted | $0.39 | $0.47 | $0.36 | $0.32 | $0.67 | $0.26 | $0.31 | $0.28 | $1.53 | $1.53 | $1.14 |
Real_Estate_Assets_Schedule_of
Real Estate Assets - Schedule of Components of Real Estate Assets (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | $4,722,162 | $4,126,648 | |
Less: accumulated depreciation and amortization | -604,336 | -496,754 | |
Net operating real estate assets | 4,117,826 | 3,629,894 | |
Real estate under development/redevelopment | 17,870 | 6,650 | |
Net real estate assets | 4,135,696 | 3,636,544 | 2,991,722 |
Real estate assets held for sale included in net real estate assets | 0 | 5,625 | |
Land - Operating [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | 1,132,175 | 1,009,500 | |
Land - Development [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | 21,062 | 10,421 | |
Buildings and Improvements [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | 3,487,935 | 3,032,218 | |
Intangible Assets - Tenant Relationships [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | 72,293 | 65,811 | |
Intangible Lease Rights [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | $8,697 | $8,698 |
Real_Estate_Assets_Additional_
Real Estate Assets - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Real Estate Properties [Line Items] | |||
Amortization expense related to the tenant relationships and lease rights | $12,996 | $12,065 | $7,177 |
Amortization period of intangible assets-tenant relationships | 18 months | ||
Minimum [Member] | |||
Real Estate Properties [Line Items] | |||
Remaining amortization period (in years) | 4 years | ||
Maximum [Member] | |||
Real Estate Properties [Line Items] | |||
Remaining amortization period (in years) | 47 years |
Property_Acquisitions_and_Disp2
Property Acquisitions and Dispositions - Schedule of Operating Properties Acquired (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Property | Property | ||
Property Acquisitions [Line Items] | |||
Number of Properties | 52 | 78 | |
Total Consideration Paid | $563,670 | $704,449 | |
Cash Consideration Paid | 477,183 | 413,778 | |
Loan Assumed | 38,347 | 110,803 | 150,284 |
Non-cash gain | 3,438 | 46,032 | |
Notes Issued to/from Seller | 2,251 | ||
Previous equity interest | 129 | 14,867 | |
Net Liabilities (Assets) Assumed | 5,762 | -2,498 | |
Value of OP units issued | 38,809 | 119,216 | 429 |
Number of OP Units Issued | 1,228,390 | 3,342,691 | |
Acquisition Date Fair Value, Land | 139,174 | 255,422 | |
Acquisition Date Fair Value, Building | 410,432 | 431,768 | |
Acquisition Date Fair Value, Intangible | 7,554 | 11,800 | |
Closing costs - expensed | 6,510 | 5,461 | |
California, 1 Property Acquired 3/4/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 7,000 | ||
Cash Consideration Paid | 6,974 | ||
Net Liabilities (Assets) Assumed | 26 | ||
Acquisition Date Fair Value, Land | 2,150 | ||
Acquisition Date Fair Value, Building | 4,734 | ||
Acquisition Date Fair Value, Intangible | 113 | ||
Closing costs - expensed | 3 | ||
Florida 4 Property Acquired 12/23/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 4 | ||
Total Consideration Paid | 32,954 | ||
Cash Consideration Paid | 19,122 | ||
Net Liabilities (Assets) Assumed | 122 | ||
Value of OP units issued | 13,710 | ||
Number of OP Units Issued | 548,390 | ||
Acquisition Date Fair Value, Land | 12,502 | ||
Acquisition Date Fair Value, Building | 19,640 | ||
Acquisition Date Fair Value, Intangible | 482 | ||
Closing costs - expensed | 330 | ||
New Jersey Virginia 5 Property Acquired 12/18/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 5 | ||
Total Consideration Paid | 47,747 | ||
Cash Consideration Paid | 42,167 | ||
Net Liabilities (Assets) Assumed | 5,580 | ||
Acquisition Date Fair Value, Land | 4,259 | ||
Acquisition Date Fair Value, Building | 42,440 | ||
Acquisition Date Fair Value, Intangible | 688 | ||
Closing costs - expensed | 360 | ||
New York 1 Property 12/11/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 20,115 | ||
Cash Consideration Paid | 20,125 | ||
Net Liabilities (Assets) Assumed | -10 | ||
Acquisition Date Fair Value, Land | 12,085 | ||
Acquisition Date Fair Value, Building | 7,665 | ||
Closing costs - expensed | 365 | ||
North Carolina South Carolina Texas 7 Property Acquired 12/11/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 7 | ||
Total Consideration Paid | 60,279 | ||
Cash Consideration Paid | 60,086 | ||
Net Liabilities (Assets) Assumed | 193 | ||
Acquisition Date Fair Value, Land | 19,661 | ||
Acquisition Date Fair Value, Building | 36,339 | ||
Acquisition Date Fair Value, Intangible | 876 | ||
Closing costs - expensed | 3,403 | ||
California 1 Property Acquired 12/9/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 9,298 | ||
Cash Consideration Paid | 6,300 | ||
Net Liabilities (Assets) Assumed | 15 | ||
Value of OP units issued | 2,983 | ||
Number of OP Units Issued | 50,620 | ||
Acquisition Date Fair Value, Land | 4,508 | ||
Acquisition Date Fair Value, Building | 4,599 | ||
Acquisition Date Fair Value, Intangible | 178 | ||
Closing costs - expensed | 13 | ||
Colorado1 Property Acquired 10/24/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 6,253 | ||
Cash Consideration Paid | 6,202 | ||
Net Liabilities (Assets) Assumed | 51 | ||
Acquisition Date Fair Value, Land | 2,077 | ||
Acquisition Date Fair Value, Building | 4,087 | ||
Acquisition Date Fair Value, Intangible | 82 | ||
Closing costs - expensed | 7 | ||
Georgia, 1 Property Acquired 10/22/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 11,030 | ||
Cash Consideration Paid | 11,010 | ||
Net Liabilities (Assets) Assumed | 20 | ||
Acquisition Date Fair Value, Land | 588 | ||
Acquisition Date Fair Value, Building | 10,295 | ||
Acquisition Date Fair Value, Intangible | 121 | ||
Closing costs - expensed | 26 | ||
Florida, 1 Property Acquired 9/3/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 4,259 | ||
Cash Consideration Paid | 4,225 | ||
Net Liabilities (Assets) Assumed | 34 | ||
Acquisition Date Fair Value, Land | 529 | ||
Acquisition Date Fair Value, Building | 3,604 | ||
Acquisition Date Fair Value, Intangible | 81 | ||
Closing costs - expensed | 45 | ||
Texas, 1 Property Acquired 8/8/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 11,246 | ||
Cash Consideration Paid | 6,134 | ||
Loan Assumed | 5,157 | ||
Net Liabilities (Assets) Assumed | -45 | ||
Acquisition Date Fair Value, Land | 1,047 | ||
Acquisition Date Fair Value, Building | 9,969 | ||
Acquisition Date Fair Value, Intangible | 181 | ||
Closing costs - expensed | 49 | ||
Georgia, 1 Property Acquired 8/6/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 11,337 | ||
Cash Consideration Paid | 11,290 | ||
Net Liabilities (Assets) Assumed | 47 | ||
Acquisition Date Fair Value, Land | 1,132 | ||
Acquisition Date Fair Value, Building | 10,080 | ||
Acquisition Date Fair Value, Intangible | 111 | ||
Closing costs - expensed | 14 | ||
North Carolina, 1 Property Acquired 6/18/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 7,310 | ||
Cash Consideration Paid | 7,307 | ||
Net Liabilities (Assets) Assumed | 3 | ||
Acquisition Date Fair Value, Land | 2,940 | ||
Acquisition Date Fair Value, Building | 4,265 | ||
Acquisition Date Fair Value, Intangible | 93 | ||
Closing costs - expensed | 12 | ||
California, 1 Property Acquired 5/28/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 17,614 | ||
Cash Consideration Paid | 294 | ||
Loan Assumed | 14,079 | ||
Net Liabilities (Assets) Assumed | -92 | ||
Value of OP units issued | 3,333 | ||
Number of OP Units Issued | 69,735 | ||
Acquisition Date Fair Value, Land | 4,707 | ||
Acquisition Date Fair Value, Building | 12,604 | ||
Acquisition Date Fair Value, Intangible | 265 | ||
Closing costs - expensed | 38 | ||
Washington, 1 Property Acquired 4/30/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 4,388 | ||
Cash Consideration Paid | 4,388 | ||
Acquisition Date Fair Value, Land | 437 | ||
Acquisition Date Fair Value, Building | 3,808 | ||
Acquisition Date Fair Value, Intangible | 102 | ||
Closing costs - expensed | 41 | ||
California, 3 Property Acquired 4/25/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 3 | ||
Total Consideration Paid | 35,275 | ||
Cash Consideration Paid | 2,726 | ||
Loan Assumed | 19,111 | ||
Non-cash gain | 3,438 | ||
Previous equity interest | 129 | ||
Net Liabilities (Assets) Assumed | -580 | ||
Value of OP units issued | 10,451 | ||
Number of OP Units Issued | 226,285 | ||
Acquisition Date Fair Value, Land | 6,853 | ||
Acquisition Date Fair Value, Building | 27,666 | ||
Acquisition Date Fair Value, Intangible | 579 | ||
Closing costs - expensed | 177 | ||
Florida, 1 Property Acquired 4/15/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 10,186 | ||
Cash Consideration Paid | 10,077 | ||
Net Liabilities (Assets) Assumed | 109 | ||
Acquisition Date Fair Value, Land | 1,640 | ||
Acquisition Date Fair Value, Building | 8,358 | ||
Acquisition Date Fair Value, Intangible | 149 | ||
Closing costs - expensed | 39 | ||
Georgia, 1 Property Acquired 4/3/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 23,649 | ||
Cash Consideration Paid | 15,158 | ||
Net Liabilities (Assets) Assumed | 157 | ||
Value of OP units issued | 8,334 | ||
Number of OP Units Issued | 333,360 | ||
Acquisition Date Fair Value, Land | 2,961 | ||
Acquisition Date Fair Value, Building | 19,819 | ||
Acquisition Date Fair Value, Intangible | 242 | ||
Closing costs - expensed | 627 | ||
Alabama, 1 Property Acquired 3/20/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 13,813 | ||
Cash Consideration Paid | 13,752 | ||
Net Liabilities (Assets) Assumed | 61 | ||
Acquisition Date Fair Value, Land | 2,381 | ||
Acquisition Date Fair Value, Building | 11,224 | ||
Acquisition Date Fair Value, Intangible | 200 | ||
Closing costs - expensed | 8 | ||
Connecticut, 1 Property Acquired 3/17/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 15,138 | ||
Cash Consideration Paid | 15,169 | ||
Net Liabilities (Assets) Assumed | -31 | ||
Acquisition Date Fair Value, Land | 1,072 | ||
Acquisition Date Fair Value, Building | 14,028 | ||
Closing costs - expensed | 38 | ||
Texas, 1 Property Acquired 2/5/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 14,191 | ||
Cash Consideration Paid | 14,152 | ||
Net Liabilities (Assets) Assumed | 39 | ||
Acquisition Date Fair Value, Land | 1,767 | ||
Acquisition Date Fair Value, Building | 12,368 | ||
Acquisition Date Fair Value, Intangible | 38 | ||
Closing costs - expensed | 18 | ||
Virginia, 17 Properties Acquired 1/7/2014 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 17 | ||
Total Consideration Paid | 200,588 | ||
Cash Consideration Paid | 200,525 | ||
Net Liabilities (Assets) Assumed | 63 | ||
Acquisition Date Fair Value, Land | 53,878 | ||
Acquisition Date Fair Value, Building | 142,840 | ||
Acquisition Date Fair Value, Intangible | 2,973 | ||
Closing costs - expensed | 897 | ||
Texas 1 Property Acquired 12/19/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 4,616 | ||
Cash Consideration Paid | 4,610 | ||
Net Liabilities (Assets) Assumed | 6 | ||
Acquisition Date Fair Value, Land | 2,033 | ||
Acquisition Date Fair Value, Building | 2,495 | ||
Acquisition Date Fair Value, Intangible | 70 | ||
Closing costs - expensed | 18 | ||
Hawaii 1 Property Acquired 12/6/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 8,029 | ||
Cash Consideration Paid | 7,987 | ||
Net Liabilities (Assets) Assumed | 42 | ||
Acquisition Date Fair Value, Building | 7,776 | ||
Acquisition Date Fair Value, Intangible | 218 | ||
Closing costs - expensed | 35 | ||
California 2 Property Acquired 12/3/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 2 | ||
Total Consideration Paid | 24,334 | ||
Cash Consideration Paid | 16,588 | ||
Non-cash gain | 4,208 | ||
Previous equity interest | -1,263 | ||
Net Liabilities (Assets) Assumed | 67 | ||
Value of OP units issued | 4,734 | ||
Number of OP Units Issued | 112,446 | ||
Acquisition Date Fair Value, Land | 6,061 | ||
Acquisition Date Fair Value, Building | 15,402 | ||
Acquisition Date Fair Value, Intangible | 392 | ||
Closing costs - expensed | 2,479 | ||
California 6 Property Acquired 12/2/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 6 | ||
Total Consideration Paid | 48,514 | ||
Cash Consideration Paid | 26,114 | ||
Loan Assumed | 4,342 | ||
Non-cash gain | 5,131 | ||
Previous equity interest | 311 | ||
Net Liabilities (Assets) Assumed | 173 | ||
Value of OP units issued | 12,443 | ||
Number of OP Units Issued | 295,550 | ||
Acquisition Date Fair Value, Land | 8,859 | ||
Acquisition Date Fair Value, Building | 38,347 | ||
Acquisition Date Fair Value, Intangible | 864 | ||
Closing costs - expensed | 444 | ||
Florida 2 Property Acquired 11/8/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 2 | ||
Total Consideration Paid | 27,547 | ||
Cash Consideration Paid | 27,572 | ||
Net Liabilities (Assets) Assumed | -25 | ||
Acquisition Date Fair Value, Land | 3,909 | ||
Acquisition Date Fair Value, Building | 23,221 | ||
Acquisition Date Fair Value, Intangible | 374 | ||
Closing costs - expensed | 43 | ||
Florida 1 Property Acquired 11/7/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 10,500 | ||
Cash Consideration Paid | 10,460 | ||
Net Liabilities (Assets) Assumed | 40 | ||
Acquisition Date Fair Value, Land | 2,108 | ||
Acquisition Date Fair Value, Building | 8,028 | ||
Acquisition Date Fair Value, Intangible | 161 | ||
Closing costs - expensed | 203 | ||
Various States 16 Property Acquired 11/4/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 16 | ||
Total Consideration Paid | 96,711 | ||
Cash Consideration Paid | 98,424 | ||
Net Liabilities (Assets) Assumed | -1,713 | ||
Acquisition Date Fair Value, Land | 24,248 | ||
Acquisition Date Fair Value, Building | 70,160 | ||
Acquisition Date Fair Value, Intangible | 1,874 | ||
Closing costs - expensed | 429 | ||
Various States 19 Property Acquired 11/1/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 19 | ||
Total Consideration Paid | 187,825 | ||
Cash Consideration Paid | 43,475 | ||
Loan Assumed | 99,339 | ||
Non-cash gain | 34,137 | ||
Previous equity interest | 12,373 | ||
Net Liabilities (Assets) Assumed | -1,499 | ||
Acquisition Date Fair Value, Land | 85,123 | ||
Acquisition Date Fair Value, Building | 99,500 | ||
Acquisition Date Fair Value, Intangible | 3,203 | ||
Closing costs - expensed | 1 | ||
Georgia 1 Property Acquired 10/15/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 12,414 | ||
Cash Consideration Paid | 12,382 | ||
Net Liabilities (Assets) Assumed | 32 | ||
Acquisition Date Fair Value, Land | 1,773 | ||
Acquisition Date Fair Value, Building | 10,456 | ||
Acquisition Date Fair Value, Intangible | 174 | ||
Closing costs - expensed | 11 | ||
North Carolina 1 Property Acquired 10/15/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 5,535 | ||
Cash Consideration Paid | 5,519 | ||
Net Liabilities (Assets) Assumed | 16 | ||
Acquisition Date Fair Value, Land | 3,614 | ||
Acquisition Date Fair Value, Building | 1,788 | ||
Acquisition Date Fair Value, Intangible | 126 | ||
Closing costs - expensed | 7 | ||
California 1 Property Acquired 9/26/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 10,928 | ||
Cash Consideration Paid | 4,791 | ||
Net Liabilities (Assets) Assumed | 51 | ||
Value of OP units issued | 6,086 | ||
Number of OP Units Issued | 177,107 | ||
Acquisition Date Fair Value, Land | 3,138 | ||
Acquisition Date Fair Value, Building | 7,429 | ||
Acquisition Date Fair Value, Intangible | 181 | ||
Closing costs - expensed | 180 | ||
California 19 Property Acquired11/1/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 19 | ||
Total Consideration Paid | 186,427 | ||
Cash Consideration Paid | 96,085 | ||
Net Liabilities (Assets) Assumed | 519 | ||
Value of OP units issued | 89,823 | ||
Number of OP Units Issued | 2,613,728 | ||
Acquisition Date Fair Value, Land | 100,446 | ||
Acquisition Date Fair Value, Building | 81,830 | ||
Acquisition Date Fair Value, Intangible | 2,997 | ||
Closing costs - expensed | 1,154 | ||
Arizona 2 Property Acquired 10/15/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 2 | ||
Total Consideration Paid | 9,313 | ||
Cash Consideration Paid | 9,183 | ||
Net Liabilities (Assets) Assumed | 130 | ||
Acquisition Date Fair Value, Land | 2,001 | ||
Acquisition Date Fair Value, Building | 7,110 | ||
Acquisition Date Fair Value, Intangible | 192 | ||
Closing costs - expensed | 10 | ||
Maryland 1 Property Acquired 10/15/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 13,688 | ||
Cash Consideration Paid | 419 | ||
Loan Assumed | 7,122 | ||
Net Liabilities (Assets) Assumed | 17 | ||
Value of OP units issued | 6,130 | ||
Number of OP Units Issued | 143,860 | ||
Acquisition Date Fair Value, Land | 2,160 | ||
Acquisition Date Fair Value, Building | 11,340 | ||
Closing costs - expensed | 188 | ||
Texas 1 Property Acquired 5/8/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 7,104 | ||
Cash Consideration Paid | 7,057 | ||
Net Liabilities (Assets) Assumed | 47 | ||
Acquisition Date Fair Value, Land | 1,374 | ||
Acquisition Date Fair Value, Building | 5,636 | ||
Acquisition Date Fair Value, Intangible | 86 | ||
Closing costs - expensed | 8 | ||
Hawaii 2 Property Acquired 5/3/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 2 | ||
Total Consideration Paid | 27,560 | ||
Cash Consideration Paid | 27,491 | ||
Net Liabilities (Assets) Assumed | 69 | ||
Acquisition Date Fair Value, Land | 5,991 | ||
Acquisition Date Fair Value, Building | 20,976 | ||
Acquisition Date Fair Value, Intangible | 438 | ||
Closing costs - expensed | 155 | ||
Illinois 1 Property Acquired 2/13/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 11,083 | ||
Cash Consideration Paid | 7,592 | ||
Non-cash gain | 341 | ||
Notes Issued to/from Seller | 2,251 | ||
Previous equity interest | 1,173 | ||
Net Liabilities (Assets) Assumed | -274 | ||
Acquisition Date Fair Value, Land | 1,318 | ||
Acquisition Date Fair Value, Building | 9,485 | ||
Acquisition Date Fair Value, Intangible | 190 | ||
Closing costs - expensed | 90 | ||
Maryland 1 Property Acquired 2/13/2013 [Member] | |||
Property Acquisitions [Line Items] | |||
Number of Properties | 1 | ||
Total Consideration Paid | 12,321 | ||
Cash Consideration Paid | 8,029 | ||
Non-cash gain | 2,215 | ||
Previous equity interest | 2,273 | ||
Net Liabilities (Assets) Assumed | -196 | ||
Acquisition Date Fair Value, Land | 1,266 | ||
Acquisition Date Fair Value, Building | 10,789 | ||
Acquisition Date Fair Value, Intangible | 260 | ||
Closing costs - expensed | $6 |
Property_Acquisitions_and_Disp3
Property Acquisitions and Dispositions - Schedule of Operating Properties Acquired (Parenthetical) (Detail) (USD $) | 12 Months Ended | 0 Months Ended | |||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 26, 2013 | Aug. 29, 2013 | Nov. 01, 2013 | Mar. 05, 2014 |
Store | Property | ||||||
Property Acquisitions [Line Items] | |||||||
Non-cash gain | $3,438 | $46,032 | |||||
Cash Consideration Paid | 477,183 | 413,778 | |||||
Loans Assumed | 38,347 | 110,803 | 150,284 | ||||
Number of properties owned by joint venture | 19 | ||||||
Defeasance costs | -9,153 | ||||||
Operating Partnership [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Cash portion of payment for acquisition | 100,876 | ||||||
Loans Assumed | 98,960 | ||||||
Ownership interests of third party owners (as a percent) | 6.60% | ||||||
Number of self-storage facilities (properties) acquired | 19 | ||||||
Number of self storage properties | 20 | ||||||
Number of common units issued as part of acquisition | 1,448,108 | ||||||
OP units issued as part of the acquisition | 62,341 | ||||||
Defeasance costs | 9,153 | ||||||
HSRE-ESP IA, LLC (HSRE) [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Additional interest acquired in the venture | 49.00% | 49.00% | |||||
Equity ownership prior to the acquisition | 50.00% | 50.00% | |||||
Previous equity interest, fair value | 43,500 | 43,500 | |||||
Non-cash gain | 34,137 | 34,137 | |||||
Cash Consideration Paid | 43,475 | ||||||
Cash portion of payment for acquisition | 43,475 | ||||||
Loans Assumed | 96,516 | 96,516 | |||||
Equity Ownership (as a percent) | 99.00% | ||||||
Ownership interests of third party owners (as a percent) | 1.00% | 1.00% | |||||
Number of properties owned by joint venture | 19 | 19 | |||||
Amount of premium on loan | 2,823 | ||||||
California, 1 Property Acquired 3/4/2014 [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Amount paid for land portion of property acquired | 2,150 | ||||||
Cash Consideration Paid | 6,974 | ||||||
California, 3 Properties Acquired 4/25/2014 [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Number of properties in which interests were acquired | 2 | ||||||
Additional interest acquired in the venture | 60.00% | ||||||
Equity ownership prior to the acquisition | 40.00% | ||||||
Previous equity interest, fair value | 3,567 | ||||||
Non-cash gain | 3,438 | ||||||
Cash Consideration Paid | 2,726 | ||||||
New Jersey Virginia 5 Property Acquired 12/18/2014 [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Cash Consideration Paid | 42,167 | ||||||
Liability recorded related to an earnout provision | 5,400 | ||||||
North Carolina South Carolina Texas 7 Property Acquired 12/11/2014 [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Cash Consideration Paid | 60,086 | ||||||
Amount of defeasance costs | 3,271 | ||||||
California Properties Acquired [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Number of properties in which interests were acquired | 8 | ||||||
Additional interest acquired in the venture | 65.00% | ||||||
Equity ownership prior to the acquisition | 35.00% | ||||||
Previous equity interest, fair value | 8,400 | ||||||
Non-cash gain | 9,339 | ||||||
Cash portion of payment for acquisition | 42,702 | ||||||
Series C Units [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Preferred OP units issued as part of the acquisition (in shares) | 226,285 | ||||||
Preferred OP units issued as part of the acquisition | 10,451 | ||||||
Series C Units [Member] | California Properties Acquired [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Preferred OP units issued as part of the acquisition (in shares) | 407,996 | ||||||
Preferred OP units issued as part of the acquisition | 17,177 | ||||||
Series B Units [Member] | Operating Partnership [Member] | |||||||
Property Acquisitions [Line Items] | |||||||
Preferred OP units issued as part of the acquisition (in shares) | 1,342,727 | ||||||
Preferred OP units issued as part of the acquisition | $33,568 |
Property_Acquisitions_and_Disp4
Property Acquisitions and Dispositions - Additional Information (Detail) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 11, 2013 | Dec. 06, 2013 | 16-May-13 | Jun. 30, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Jul. 31, 2012 | Dec. 31, 2011 |
Store | Store | Store | |||||||
Property Acquisitions [Line Items] | |||||||||
Percentage of ownership interest sold in parcel of undeveloped land | 50.00% | ||||||||
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 | 0 | 160 | 0 | 960 | |||||
Gain on condemnation of a portion of land | 800 | ||||||||
Number of store which portion of land condemned | 1 | ||||||||
Number of operating stores acquired | 51 | ||||||||
Number of acquired operating stores included in pro forma financial information out of total stores acquired | 39 | ||||||||
Number of stores excluded from pro forma financial information | 12 | ||||||||
Amount due to sellers resulting from higher rental income of properties | 8,033 | 133 | |||||||
Florida, Stores Acquired in 2011 [Member] | |||||||||
Property Acquisitions [Line Items] | |||||||||
Amount due to sellers resulting from higher rental income of properties | 2,500 | 133 | |||||||
New York and New Jersey, 10 Stores Acquired in 2012 [Member] | |||||||||
Property Acquisitions [Line Items] | |||||||||
Number of operating stores acquired | 10 | ||||||||
Term to make additional cash payment to sellers if the stores acquired exceeded a specified amount of net rental income | 2 years | ||||||||
Payment to sellers resulting from higher rental income of properties | 7,785 | ||||||||
Maryland Store Acquired On 2012/07/31 [Member] | |||||||||
Property Acquisitions [Line Items] | |||||||||
Cash Consideration Paid | $3,671 |
Property_Acquisitions_and_Disp5
Property Acquisitions and Dispositions - Pro Forma Financial Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Business Acquisition, Pro Forma Information [Abstract] | ||
Total revenues | $659,804 | $550,687 |
Net income attributable to common stockholders | $183,643 | $179,792 |
Earnings per common share | ||
Basic | $1.58 | $1.61 |
Diluted | $1.57 | $1.60 |
Property_Acquisitions_and_Disp6
Property Acquisitions and Dispositions - Summary of Revenues and Earnings Related to Acquisition since the Acquisition Date (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Business Acquisition, Pro Forma Information [Abstract] | |
Total revenues | $25,783 |
Net income attributable to common stockholders | $6,671 |
Investments_in_Unconsolidated_2
Investments in Unconsolidated Real Estate Ventures - Schedule of Investments in Unconsolidated Real Estate Ventures (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 20, 2012 | Feb. 17, 2012 |
In Thousands, unless otherwise specified | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 18.00% | 20.00% | 40.00% | |
Investment balance | $85,711 | $88,125 | ||
ESW [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 5.00% | |||
Excess Profit Participation | 40.00% | |||
Investment balance | -95 | 138 | ||
ESW II [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 5.00% | |||
Excess Profit Participation | 40.00% | |||
Investment balance | 4,197 | 4,286 | ||
ESNPS [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 10.00% | |||
Excess Profit Participation | 35.00% | |||
Investment balance | -87 | 263 | ||
ESSM [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 48.00% | |||
Excess Profit Participation | 48.00% | |||
Investment balance | 1,153 | 2,541 | ||
Clarendon [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 50.00% | |||
Excess Profit Participation | 50.00% | |||
Investment balance | 3,148 | 3,155 | ||
PRISA [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 2.00% | |||
Excess Profit Participation | 17.00% | |||
Investment balance | 10,520 | 10,737 | ||
PRISA II [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 2.00% | |||
Excess Profit Participation | 17.00% | |||
Investment balance | 9,008 | 9,143 | ||
VRS [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 45.00% | |||
Excess Profit Participation | 54.00% | |||
Investment balance | 40,363 | 41,810 | ||
WCOT [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 5.00% | |||
Excess Profit Participation | 20.00% | |||
Investment balance | 3,972 | 4,145 | ||
SPI [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 25.00% | |||
Investment balance | 12,042 | 12,343 | ||
SPI [Member] | Minimum [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Excess Profit Participation | 25.00% | |||
SPI [Member] | Maximum [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Excess Profit Participation | 40.00% | |||
Other Minority Owned Properties [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Investment balance | $1,490 | ($436) | ||
Other Minority Owned Properties [Member] | Minimum [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 18.00% | |||
Excess Profit Participation | 19.00% | |||
Other Minority Owned Properties [Member] | Maximum [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity Ownership | 50.00% | |||
Excess Profit Participation | 50.00% |
Investments_in_Unconsolidated_3
Investments in Unconsolidated Real Estate Ventures - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||
Dec. 20, 2012 | Feb. 17, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 01, 2013 | Nov. 30, 2012 | Jul. 02, 2012 | Jan. 15, 2012 | Feb. 13, 2013 | 31-May-14 | |
Store | Store | Store | |||||||||
JointVenture | States | States | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Non-cash gain | $3,438,000 | $46,032,000 | |||||||||
Number of stores acquired | 51 | ||||||||||
Cash Consideration Paid | 477,183,000 | 413,778,000 | |||||||||
Notes payable assumed | 38,347,000 | 110,803,000 | 150,284,000 | ||||||||
Number of stores owned by joint venture | 19 | ||||||||||
Gain recognized from dissolution of joint venture | 1,409,000 | 5,550,000 | |||||||||
Number of joint ventures dissolved | 2 | ||||||||||
Equity Ownership (as a percent) | 20.00% | 40.00% | 18.00% | ||||||||
Amortization amount of excess purchase price included in equity earnings | 25,713,000 | ||||||||||
Amortization period of excess purchase price included in equity earnings | 40 years | ||||||||||
Number of interests in unconsolidated VIE joint ventures | 1 | ||||||||||
Profit interest (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% | ||||||||||
HSRE-ESP IA, LLC (HSRE) [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture (as a percent) | 49.00% | 49.00% | |||||||||
Equity ownership prior to the acquisition (as a percent) | 50.00% | 50.00% | |||||||||
Non-cash gain | 34,137,000 | 34,137,000 | |||||||||
Cash Consideration Paid | 43,475,000 | ||||||||||
Notes payable assumed | 96,516,000 | 96,516,000 | |||||||||
Ownership interests of third party owners (as a percent) | 1.00% | 1.00% | |||||||||
Value of ownership interest of third party owners | 870,000 | ||||||||||
Number of stores owned by joint venture | 19 | 19 | |||||||||
Previous equity interest, fair value | 43,500,000 | 43,500,000 | |||||||||
Storage Portfolio Bravo II (SPB II) [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture (as a percent) | 80.00% | ||||||||||
Equity ownership prior to the acquisition (as a percent) | 20.00% | ||||||||||
Non-cash gain | 10,171,000 | ||||||||||
Number of self-storage facilities (Stores) acquired | 21 | ||||||||||
Number of states in which joint venture owns stores | 11 | ||||||||||
Prisa III SelfStorage LLC (PRISA III) [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture (as a percent) | 94.90% | ||||||||||
Equity ownership prior to the acquisition (as a percent) | 5.10% | ||||||||||
Non-cash gain | 13,499,000 | ||||||||||
Number of self-storage facilities (Stores) acquired | 36 | ||||||||||
Number of states in which joint venture owns stores | 18 | ||||||||||
U- Storage De Mexico S.A. and Related Entities (U-Storage) [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Gain recognized from dissolution of joint venture | 0 | ||||||||||
Equity Ownership (as a percent) | 40.00% | ||||||||||
Aggregate consideration received | 4,841,000 | ||||||||||
Cash consideration received | 1,492,000 | ||||||||||
Issuance of notes receivable | 3,349,000 | ||||||||||
Grupe Acquisition [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Non-cash gain | 3,438,000 | 9,339,000 | |||||||||
Cash gain on sale of investment in joint venture | 584,000 | ||||||||||
Number of self-storage facilities (Stores) acquired | 6 | ||||||||||
Number of joint ventures | 5 | ||||||||||
Number of stores acquired | 12 | ||||||||||
Minimum [Member] | Grupe Acquisition [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture (as a percent) | 60.00% | ||||||||||
Equity ownership prior to the acquisition (as a percent) | 35.00% | ||||||||||
Maximum [Member] | Grupe Acquisition [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture (as a percent) | 65.00% | ||||||||||
Equity ownership prior to the acquisition (as a percent) | 40.00% | ||||||||||
Extra Space of Eastern Avenue LLC [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture (as a percent) | 48.00% | ||||||||||
Equity ownership prior to the acquisition (as a percent) | 52.00% | ||||||||||
Non-cash gain | 2,215,000 | ||||||||||
Number of stores owned by joint venture | 1 | ||||||||||
Cash paid for acquiring equity interest in the joint venture | 5,979,000 | ||||||||||
Extra Space of Montrose Avenue LLC [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture (as a percent) | 61.00% | ||||||||||
Equity ownership prior to the acquisition (as a percent) | 39.00% | ||||||||||
Non-cash gain | 341,000 | ||||||||||
Number of stores owned by joint venture | 1 | ||||||||||
Cash paid for acquiring equity interest in the joint venture | $6,878,000 |
Investments_in_Unconsolidated_4
Investments in Unconsolidated Real Estate Ventures - Schedule of Equity in Earnings of Unconsolidated Real Estate Ventures (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | $10,541 | $11,653 | $10,859 |
ESW [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 1,571 | 1,406 | 1,263 |
ESW II [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 102 | 50 | 26 |
ESNPS [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 513 | 461 | 382 |
ESSM [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 424 | 369 | 314 |
Clarendon [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 551 | 516 | 471 |
HSRE-ESP IA, LLC (HSRE) [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 1,428 | 1,298 | |
PRISA [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 929 | 890 | 821 |
PRISA II [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 764 | 703 | 643 |
VRS [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 3,510 | 3,464 | 2,849 |
WCOT [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 498 | 448 | 370 |
SPI [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 1,541 | 1,243 | 1,103 |
Other Minority Owned Properties [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | $138 | $675 | $1,319 |
Investments_in_Unconsolidated_5
Investments in Unconsolidated Real Estate Ventures - Summary of Unaudited Information Related to Real Estate Ventures' Debt (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Schedule of Equity Method Investments [Line Items] | |
Current Interest Rate | 4.00% |
ESNPS [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $34,500 |
Current Interest Rate | 5.27% |
Debt Maturity | Jun-15 |
ESW [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | 16,700 |
Current Interest Rate | 5.00% |
Debt Maturity | Sep-15 |
SPI [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | 91,543 |
Current Interest Rate | 4.66% |
Debt Maturity | Apr-18 |
Clarendon [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | 7,888 |
Current Interest Rate | 5.93% |
Debt Maturity | Sepember 2018 |
ESW II [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | 18,924 |
Current Interest Rate | 3.57% |
Debt Maturity | Feb-19 |
VRS [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | 52,100 |
Current Interest Rate | 3.34% |
Debt Maturity | Jul-19 |
WCOT [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | 87,500 |
Current Interest Rate | 3.34% |
Debt Maturity | Aug-19 |
ESSM [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | 13,878 |
Current Interest Rate | 4.19% |
Debt Maturity | May-21 |
PRISA [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Debt Maturity | Unleveraged |
PRISA II [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Debt Maturity | Unleveraged |
Other Minority Owned Properties [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $10,296 |
Debt Maturity | Various |
Investments_in_Unconsolidated_6
Investments in Unconsolidated Real Estate Ventures - Condensed Financial Information of Unconsolidated Real Estate Ventures (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Assets: | |||
Net real estate assets | $1,442,755 | $1,474,754 | |
Other | 34,636 | 33,642 | |
Total | 1,477,391 | 1,508,396 | |
Liabilities and members' equity: | |||
Notes payable | 301,267 | 304,121 | |
Other liabilities | 23,490 | 22,488 | |
Members' equity | 1,152,634 | 1,181,787 | |
Total | 1,477,391 | 1,508,396 | |
Statements of Income: | |||
Rents and other income | 273,231 | 260,487 | 266,222 |
Expenses | 153,973 | 149,595 | 164,285 |
Net income | $119,258 | $110,892 | $101,937 |
Investments_in_Unconsolidated_7
Investments in Unconsolidated Real Estate Ventures - Schedule Comparing the Liability Balance and Maximum Exposure to Loss Related to Company's Each VIE JV (Detail) (Extra Space of Sacramento One LLC [Member], USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Extra Space of Sacramento One LLC [Member] | |
Variable Interest Entity [Line Items] | |
Liability Balance | $0 |
Investment Balance | -1,264 |
Amounts Payable to the Company | 10,590 |
Maximum Exposure to Loss | 9,326 |
Difference | ($9,326) |
Other_Assets_Schedule_of_Other
Other Assets - Schedule of Other Assets (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other Assets Disclosure Details [Abstract] | ||
Equipment and fixtures | $24,913 | $21,774 |
Less: accumulated depreciation | -15,183 | -12,805 |
Other intangible assets | 7,130 | 6,460 |
Deferred financing costs, net | 21,483 | 21,881 |
Prepaid expenses and deposits | 8,891 | 8,355 |
Receivables, net | 31,946 | 26,278 |
Notes receivable | 9,661 | 5,747 |
Investments in Trusts | 3,590 | 3,590 |
Income taxes receivable | 1,845 | |
Fair value of interest rate swaps | 3,583 | 13,630 |
Other assets, net | $96,014 | $96,755 |
Other_Assets_Additional_Inform
Other Assets - Additional Information (Detail) (USD $) | 0 Months Ended | ||
Sep. 30, 2014 | Dec. 31, 2014 | Sep. 30, 2014 | |
Schedule Of Other Assets [Line Items] | |||
Capacity | $265,000,000 | ||
Amount drawn | 138,000,000 | ||
Partner's Subsidiaries [Member] | |||
Schedule Of Other Assets [Line Items] | |||
Capacity | 100,000,000 | 100,000,000 | |
Credit facility, term | 5 years | ||
Amount drawn | $0 | ||
Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Partner's Subsidiaries [Member] | |||
Schedule Of Other Assets [Line Items] | |||
Basis spread on variable rate (as a percent) | 2.55% |
Notes_Payable_Schedule_of_Comp
Notes Payable - Schedule of Components of Notes Payable (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Variable Rate Interest | ||
Total notes payable | $1,872,067 | $1,588,596 |
Notes Payable [Member] | ||
Fixed Rate Interest | ||
Notes payable at fixed rate of interest | 1,164,303 | 1,249,295 |
Variable Rate Interest | ||
Notes payable at variable rate of interest | 707,764 | 339,301 |
Total notes payable | $1,872,067 | $1,588,596 |
Notes_Payable_Schedule_of_Comp1
Notes Payable - Schedule of Components of Notes Payable (Parenthetical) (Detail) (Notes Payable [Member]) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Instrument [Line Items] | ||
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% | |
Fixed rate debt due date, start | 2014-05 | |
Fixed rate debt due date, end | 2023-02 | |
Effective rate of interest, low end of range (as a percent) | 1.82% | 1.97% |
Effective rate of interest, high end of range (as a percent) | 2.17% | 2.26% |
Variable rate debt due date, start | 2015-05 | |
Variable rate debt due date, end | 2021-03 | |
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Debt Instrument [Line Items] | ||
Basis spread on variable rate (as a percent) | 1.65% | |
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Debt Instrument [Line Items] | ||
Basis spread on variable rate (as a percent) | 2.00% |
Notes_Payable_Schedule_of_Matu
Notes Payable - Schedule of Maturities of Notes Payable (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Debt Instrument [Line Items] | ||
Total notes payable | $1,872,067 | $1,588,596 |
Notes Payable [Member] | ||
Debt Instrument [Line Items] | ||
2015 | 251,466 | |
2016 | 185,732 | |
2017 | 475,910 | |
2018 | 127,078 | |
2019 | 447,012 | |
Thereafter | 384,869 | |
Total notes payable | $1,872,067 | $1,588,596 |
Notes_Payable_Additional_Infor
Notes Payable - Additional Information (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Debt Instrument [Line Items] | ||
Total notes payable | $1,872,067 | $1,588,596 |
Notes Payable [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate floor on debt (as a percent) | 1.90% | |
Total notes payable | 1,872,067 | 1,588,596 |
Notes payable subject to recourse | $1,207,817 |
Derivatives_Additional_Informa
Derivatives - Additional Information (Detail) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | Item |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Estimated amount of unrealized gains or losses expected to be reclassified as interest expense in next fiscal year | $7,417 |
Number of derivative financial instruments | 19 |
Combined notional amount | 717,353 |
Credit risk derivative, fair value of derivatives in a net liability position | 3,532 |
Estimated termination value on settlement | $3,757 |
Derivatives_Schedule_Summarizi
Derivatives - Schedule Summarizing Terms of Entity's Derivative Financial Instruments (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2014 |
Derivative [Line Items] | |
Notional Amounts | $717,353 |
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | |
Derivative [Line Items] | |
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) | 5.80% |
Minimum [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member] | |
Derivative [Line Items] | |
Notional Amounts | 5,120 |
Effective dates | 11-Jun-10 |
Maturity dates | 1-Jun-15 |
Maximum [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member] | |
Derivative [Line Items] | |
Notional Amounts | $94,636 |
Effective dates | 1-Jan-14 |
Maturity dates | 1-Apr-21 |
Derivatives_Schedule_of_Balanc
Derivatives - Schedule of Balance Sheet Classification and Fair Value of Entity's Derivative Financial Instruments (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Other Assets [Member] | ||
Derivative [Line Items] | ||
Other assets - Fair Value of Swap Agreements | $3,583 | $13,630 |
Other Liabilities [Member] | ||
Derivative [Line Items] | ||
Other liabilities - Fair Value of Swap Agreements | ($3,533) | ($3,684) |
Derivatives_Interest_Payments_
Derivatives - Interest Payments Recognized as Increase or Decrease in Interest Expense (Detail) (Interest Rate Swap [Member], USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Interest Rate Swap [Member] | |||
Derivative [Line Items] | |||
Swap agreements increase (decrease) in interest expenses due to interest payments | ($8,780) | ($8,917) | ($6,758) |
Derivatives_Schedule_of_Inform
Derivatives - Schedule of Information Relating to Gain (Loss) Recognized on Swap Agreements (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Swap agreements gain (loss) recognized in OCI | ($18,557) | $13,718 |
Swap agreements gain (loss) reclassified from OCI - Interest expense | ($8,780) | ($8,917) |
Notes_Payable_to_Trusts_Additi
Notes Payable to Trusts - Additional Information (Detail) (Variable Interest Entity, Not Primary Beneficiary [Member], USD $) | 1 Months Ended | 12 Months Ended | 61 Months Ended | 60 Months Ended | ||
Jul. 31, 2005 | 31-May-05 | Apr. 30, 2005 | Dec. 31, 2014 | Jul. 31, 2010 | Jun. 30, 2010 | |
Trust III [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Proceeds from issuance of securities | $41,238,000 | |||||
Trust III [Member] | Preferred Securities [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Issuance of securities | 40,000,000 | |||||
Maturity date | 31-Jul-35 | |||||
Trust III [Member] | Common Securities [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Issuance of securities | 1,238,000 | |||||
Number of securities issued (in securities) | 1,238 | |||||
Trust II [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Proceeds from issuance of securities | 42,269,000 | |||||
Trust II [Member] | Preferred Securities [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Issuance of securities | 41,000,000 | |||||
Maturity date | 30-Jun-35 | |||||
Trust II [Member] | Common Securities [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Issuance of securities | 1,269,000 | |||||
Number of securities issued (in securities) | 1,269 | |||||
Trust I [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Proceeds from issuance of securities | 36,083,000 | |||||
Trust I [Member] | Preferred Securities [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Issuance of securities | 35,000,000 | |||||
Maturity date | 30-Jun-35 | |||||
Trust I [Member] | Common Securities [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Issuance of securities | 1,083,000 | |||||
Number of securities issued (in securities) | 1,083 | |||||
Operating Partnership [Member] | Trust III [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Maturity date | 11-Jul-18 | |||||
Interest rate, fixed (as a percent) | 6.91% | |||||
Interest rate swap, fixed rate of interest (as a percent) | 4.99% | |||||
Securities redemption date | 27-Jul-10 | |||||
Prepayment premium | 0 | |||||
Operating Partnership [Member] | Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Reference rate | three month LIBOR | |||||
Margin added to variable rate (as a percent) | 2.40% | |||||
Operating Partnership [Member] | Trust II [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Maturity date | 11-Jul-18 | |||||
Interest rate, fixed (as a percent) | 6.67% | |||||
Interest rate swap, fixed rate of interest (as a percent) | 4.99% | |||||
Securities redemption date | 30-Jun-10 | |||||
Prepayment premium | 0 | |||||
Operating Partnership [Member] | Trust II [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Reference rate | three month LIBOR | |||||
Margin added to variable rate (as a percent) | 2.40% | |||||
Operating Partnership [Member] | Trust I [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Maturity date | 30-Jun-18 | |||||
Interest rate swap, fixed rate of interest (as a percent) | 5.14% | |||||
Prepayment premium | $0 | |||||
Operating Partnership [Member] | Trust I [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||||||
Variable Interest Entity [Line Items] | ||||||
Reference rate | three month LIBOR | |||||
Margin added to variable rate (as a percent) | 2.25% |
Notes_Payable_to_Trusts_Schedu
Notes Payable to Trusts - Schedule of Liabilities and Maximum Exposure to Loss Related to Trusts (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | $119,590 | $119,590 |
Investment Balance | 3,590 | 3,590 |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 119,590 | |
Investment Balance | 3,590 | |
Maximum exposure to loss | 116,000 | |
Difference | 0 | |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust I [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 36,083 | |
Investment Balance | 1,083 | |
Maximum exposure to loss | 35,000 | |
Difference | 0 | |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust II [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 42,269 | |
Investment Balance | 1,269 | |
Maximum exposure to loss | 41,000 | |
Difference | 0 | |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust III [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 41,238 | |
Investment Balance | 1,238 | |
Maximum exposure to loss | 40,000 | |
Difference | $0 |
Exchangeable_Senior_Notes_Addi
Exchangeable Senior Notes - Additional Information (Detail) (USD $) | 0 Months Ended | |||||||
In Thousands, except Share data, unless otherwise specified | Jun. 21, 2013 | Apr. 26, 2012 | Apr. 01, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Apr. 03, 2012 | Mar. 01, 2012 | Mar. 27, 2007 |
Debt Instrument [Line Items] | ||||||||
Unamortized cash discount | $13,054 | $16,487 | ||||||
Effective interest rate on the liability component | 4.00% | |||||||
Principal amount of liability component | 250,000 | 250,000 | ||||||
2.375% Exchangeable Senior Notes [Member] | Operating Partnership [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Principal amount of notes issued | 250,000 | 250,000 | ||||||
Interest rate | 2.38% | 2.38% | ||||||
Discount rate (as a percent) | 1.50% | |||||||
Issuance cost | 1,672 | |||||||
Amortization period | 5 years | |||||||
Conversion ratio, number of shares per $1,000 principal amount, numerator | 17.98 | |||||||
Principal amount used for debt instrument conversion ratio | 1,000 | |||||||
Unamortized cash discount | 3,750 | 2,606 | 3,356 | |||||
Redemption price as percentage of principal amount of notes plus accrued and unpaid interest | 100.00% | |||||||
Redemption price as percentage of principal amount of notes at request of debt holders and upon occurrence of designated event | 100.00% | |||||||
Principal amount of liability component | 250,000 | 250,000 | ||||||
3.625% Exchangeable Senior Notes due 2027 [Member] | Operating Partnership [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Principal amount of notes issued | 250,000 | |||||||
Interest rate | 3.63% | |||||||
Effective interest rate on the liability component | 5.75% | |||||||
Principal amount of liability component | $87,663 | $87,663 | ||||||
Redemption price as percentage of principal amount of notes plus accrued and unpaid interest | 100.00% | |||||||
Shares of common stock issued | 684,685 | |||||||
Minimum [Member] | 2.375% Exchangeable Senior Notes [Member] | Operating Partnership [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Number of days of written notice to holders of notes required for redemption | 30 days | |||||||
Maximum [Member] | 2.375% Exchangeable Senior Notes [Member] | Operating Partnership [Member] | ||||||||
Debt Instrument [Line Items] | ||||||||
Number of days of written notice to holders of notes required for redemption | 60 days |
Exchangeable_Senior_Notes_Sche
Exchangeable Senior Notes - Schedule of Information about Carrying Amount of Equity Component, Principal Amount of Liability Component, Unamortized Discount and Net Carrying Amount for Notes (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Jun. 21, 2013 |
In Thousands, unless otherwise specified | |||
Debt Instrument [Line Items] | |||
Principal amount of liability component | $250,000 | $250,000 | |
Discount on exchangeable senior notes | -13,054 | -16,487 | |
Operating Partnership [Member] | 2.375% Exchangeable Senior Notes [Member] | |||
Debt Instrument [Line Items] | |||
Carrying amount of equity component | 14,496 | 14,496 | |
Principal amount of liability component | 250,000 | 250,000 | |
Unamortized discount-equity component | -10,448 | -13,131 | |
Discount on exchangeable senior notes | -2,606 | -3,356 | -3,750 |
Net carrying amount of liability component | $236,946 | $233,513 |
Exchangeable_Senior_Notes_Summ
Exchangeable Senior Notes - Summary of Amount of Interest Cost Recognized Relating to Contractual Interest Rate and Amortization of Discount on Liability Component of Notes (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Debt Instrument [Line Items] | |||
Amortization of discount | $2,683 | $1,404 | $444 |
2033 Notes and 2027 Notes [Member] | |||
Debt Instrument [Line Items] | |||
Contractual interest | 5,936 | 3,134 | 790 |
Amortization of discount | 2,683 | 1,404 | 444 |
Total interest expense recognized | $8,619 | $4,538 | $1,234 |
Lines_of_Credit_Summarized_Inf
Lines of Credit - Summarized Information of Lines of Credit (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Line of Credit Facility [Line Items] | |
Amount drawn | $138,000,000 |
Capacity | 265,000,000 |
Credit Line 1 [Member] | |
Line of Credit Facility [Line Items] | |
Amount drawn | 7,000,000 |
Capacity | 85,000,000 |
Interest rate | 2.10% |
Origination date | 4-Jun-10 |
Maturity | 3-Jun-16 |
Line of credit facility variable rate basis | LIBOR |
Basis spread on variable rate | 1.90% |
Credit Line 2 [Member] | |
Line of Credit Facility [Line Items] | |
Amount drawn | 41,000,000 |
Capacity | 50,000,000 |
Interest rate | 1.90% |
Origination date | 16-Nov-10 |
Maturity | 13-Feb-17 |
Line of credit facility variable rate basis | LIBOR |
Basis spread on variable rate | 1.80% |
Credit Line 3 [Member] | |
Line of Credit Facility [Line Items] | |
Amount drawn | 50,000,000 |
Capacity | 80,000,000 |
Interest rate | 1.90% |
Origination date | 29-Apr-11 |
Maturity | 18-Nov-16 |
Line of credit facility variable rate basis | LIBOR |
Basis spread on variable rate | 1.70% |
Credit Line 4 [Member] | |
Line of Credit Facility [Line Items] | |
Amount drawn | 40,000,000 |
Capacity | $50,000,000 |
Interest rate | 1.80% |
Origination date | 29-Sep-14 |
Maturity | 29-Sep-17 |
Line of credit facility variable rate basis | LIBOR |
Basis spread on variable rate | 1.70% |
Lines_of_Credit_Summarized_Inf1
Lines of Credit - Summarized Information of Lines of Credit (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2014 | |
Counts | |
Credit Line 1 [Member] | |
Line of Credit Facility [Line Items] | |
Extension of maturity date | 2 years |
Number of extensions to maturity date | 3 |
Credit facility basis rate description | 30-day USD LIBOR |
Credit Line 2 [Member] | |
Line of Credit Facility [Line Items] | |
Extension of maturity date | 1 year |
Number of extensions to maturity date | 4 |
Credit facility basis rate description | 30-day USD LIBOR |
Credit Line 3 [Member] | |
Line of Credit Facility [Line Items] | |
Extension of maturity date | 1 year |
Number of extensions to maturity date | 4 |
Credit facility basis rate description | 30-day USD LIBOR |
Credit Line 4 [Member] | |
Line of Credit Facility [Line Items] | |
Extension of maturity date | 1 year |
Number of extensions to maturity date | 4 |
Credit facility basis rate description | 30-day USD LIBOR |
Other_Liabilities_Summarized_S
Other Liabilities - Summarized Statement of Other Liabilities (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | ||||
Other Liabilities [Abstract] | ||||
Deferred rental income | $28,485 | $24,037 | ||
Lease obligation liability | 713 | 2,076 | ||
Fair value of interest rate swaps | 3,533 | 3,684 | ||
Income taxes payable | 672 | 671 | ||
Deferred tax liability | 5,367 | 3,481 | ||
Earnout provisions on acquisitions | 8,033 | 133 | ||
Unpaid claims liability | 1,832 | 1,236 | 1,414 | 715 |
Other miscellaneous liabilities | 6,084 | 2,679 | ||
Other liabilities, Total | $54,719 | $37,997 |
Other_Liabilities_Additional_I
Other Liabilities - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Item | Item | Item | |
Other Liabilities [Abstract] | |||
Minimum rental receivable under non-cancelable subleases | $609 | $2,352 | |
Number of claims made | 2,942 | 2,316 | 2,060 |
Other_Liabilities_Schedule_of_
Other Liabilities - Schedule of Unpaid Claims Liability (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward] | |||
Unpaid claims liability at beginning of year | $1,236 | $1,414 | $715 |
Claims and claim adjustment expense for claims incurred in the current year | 5,126 | 3,817 | 3,417 |
Claims and claim adjustment expense for claims incurred in the prior years | -345 | -116 | 22 |
Payments for current year claims | -3,367 | -2,627 | -2,028 |
Payments for prior year claims | -818 | -1,252 | -712 |
Unpaid claims liability at the end of the year | $1,832 | $1,236 | $1,414 |
Related_Party_and_Affiliated_R2
Related Party and Affiliated Real Estate Joint Venture Transactions - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
In Thousands, unless otherwise specified | Oct. 01, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Related Party Transaction Due From To Related Party [Line Items] | ||||
Management fees as a percentage of cash collected from total revenues | 6.00% | |||
SPI [Member] | ||||
Related Party Transaction Due From To Related Party [Line Items] | ||||
Basis points multiplied by the total asset value for asset management fee | 0.50% | |||
Centershift [Member] | ||||
Related Party Transaction Due From To Related Party [Line Items] | ||||
Buy out of remainder of contract | $1,500 | |||
Payment for purchase of some source code and some equipment | 2,600 | |||
Contract period | 3 years | |||
Cash paid for related party transactions | 0 | 1,095 | 1,235 | |
SpenAero, L.C. [Member] | ||||
Related Party Transaction Due From To Related Party [Line Items] | ||||
Cash paid for related party transactions | $1,059 | $803 | $649 |
Related_Party_and_Affiliated_R3
Related Party and Affiliated Real Estate Joint Venture Transactions - Summarized Information of Management Fee Revenues for Related Party and Affiliated Joint Ventures (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Related Party Transaction [Line Items] | |||
Management fee revenues | $28,215 | $26,614 | $25,706 |
ESW [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 480 | 450 | 430 |
ESW II [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 410 | 382 | 354 |
ESNPS [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 550 | 528 | 498 |
ESSM [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 132 | 117 | 107 |
HSRE-ESP IA, LLC (HSRE) [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 1,201 | 1,146 | 1,094 |
PRISA [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 5,466 | 5,215 | 5,174 |
PRISA II [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 4,635 | 4,397 | 4,138 |
VRS [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 1,326 | 1,286 | 1,207 |
WCOT [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 1,680 | 1,601 | 1,520 |
SPI [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | 1,999 | 1,953 | 1,885 |
Other [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues | $10,336 | $9,539 | $9,299 |
Related_Party_and_Affiliated_R4
Related Party and Affiliated Real Estate Joint Venture Transactions - Summarized Information of Receivables from Related Party and Affiliated Joint Ventures (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Other Related Party Transactions [Line Items] | ||
Due from related Parties | $11,778 | $7,542 |
Mortgage Notes Receivable [Member] | ||
Schedule of Other Related Party Transactions [Line Items] | ||
Due from related Parties | 10,590 | 5,818 |
Other Receivables from Properties [Member] | ||
Schedule of Other Related Party Transactions [Line Items] | ||
Due from related Parties | $1,188 | $1,724 |
Stockholders_Equity_Additional
Stockholders' Equity - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Nov. 08, 2013 | Nov. 09, 2012 | Apr. 16, 2012 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Item | ||||||
Stockholders' Equity Note [Abstract] | ||||||
Common stock, shares authorized | 500,000,000 | 500,000,000 | ||||
Common stock, par value per share | $0.01 | $0.01 | ||||
Preferred stock, shares authorized | 50,000,000 | 50,000,000 | ||||
Preferred stock, par value per share | $0.01 | $0.01 | ||||
Preferred stock, shares issued | 0 | 0 | ||||
Preferred stock, shares outstanding | 0 | 0 | ||||
Common stock, shares issued | 116,360,239 | 115,755,527 | ||||
Common stock, shares outstanding | 116,360,239 | 115,755,527 | ||||
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 | 4,500,000 | 5,980,000 | 8,050,000 | |||
Offer price of shares of common stock sold in a public offering (in dollars per share) | $45.81 | $33.98 | $28.22 | |||
Gross proceeds from issuance of common stock | $206,145 | $203,200 | $227,171 | |||
Transaction costs of stock issuance | 157 | 300 | 483 | |||
Net proceeds from issuance of common stock | $205,988 | $202,900 | $226,688 | $205,988 | $429,588 |
Noncontrolling_Interest_Repres
Noncontrolling Interest Represented by Preferred Operating Partnership Units - Series A Participating Redeemable Preferred Units - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||
In Thousands, except Share data, unless otherwise specified | Oct. 31, 2014 | Oct. 31, 2013 | Aug. 29, 2013 | Dec. 31, 2012 | Dec. 31, 2014 | Jun. 15, 2007 | Oct. 03, 2014 | Jun. 25, 2007 | Dec. 31, 2013 |
Property | Property | ||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||
Loan to holders of preferred OP units | 120,230 | $120,230 | |||||||
Operating Partnership [Member] | |||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||
Number of stores acquired | 19 | ||||||||
Common stock shares redeemed | 6,859 | 12,500 | 304,817 | 12,000 | |||||
Operating Partnership [Member] | Series A Participating Redeemable Preferred Units [Member] | |||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||
Number of stores acquired | 10 | ||||||||
Operating Partnership [Member] | Series A Participating Redeemable Preferred Units [Member] | Series A Units [Member] | |||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||
Preferred units issued as part of acquisition | 989,980 | ||||||||
Fixed priority return on preferred OP units, stated return rate (as a percent) | 5.00% | ||||||||
Fixed priority return on preferred OP units, amount | 115,000 | ||||||||
Fixed priority return on preferred OP units, liquidation value | 115,000 | ||||||||
Operating Partnership Holders of A Units [Member] | Series A Participating Redeemable Preferred Units [Member] | |||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||
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 | ||||||||
A units redeemed | 114,500 | ||||||||
A units redeemed ,value | $4,794 | ||||||||
Additional units redeemed | 0 | ||||||||
Common stock shares redeemed | 280,331 |
Noncontrolling_Interest_Repres1
Noncontrolling Interest Represented by Preferred Operating Partnership Units - Series B Redeemable Preferred Units - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 26, 2013 | Aug. 29, 2013 | Apr. 03, 2014 |
Property | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Debt assumed | $38,347 | $110,803 | $150,284 | |||
Operating Partnership [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Cash portion of payment for acquisition | 100,876 | |||||
Number of stores acquired | 19 | |||||
Number of stores acquired as part of portfolio acquisition | 20 | |||||
Debt assumed | 98,960 | |||||
Number of common units issued as part of acquisition | 1,448,108 | |||||
OP units issued as part of the acquisition | 62,341 | |||||
Operating Partnership [Member] | Series B Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Preferred OP units issued as part of the acquisition (in shares) | 1,342,727 | |||||
Preferred OP units issued as part of the acquisition | 33,568 | |||||
California, 20 Properties Acquired 2013-September [Member] | Operating Partnership [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Number of stores acquired as part of portfolio acquisition | 1 | 20 | ||||
Number of common units issued as part of acquisition | 50,620 | 1,448,108 | ||||
OP units issued as part of the acquisition | 2,983 | 62,341 | ||||
Series B Redeemable Preferred Units [Member] | Series B Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Liquidation value (in dollars per share) | $25 | |||||
Fixed liquidation value | 41,902 | |||||
Annual rate of return (as a percent) | 6.00% | |||||
Series B Redeemable Preferred Units [Member] | Georgia, 1 Property Acquired 4/3/2014 [Member] | Series B Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Preferred OP units issued as part of the acquisition (in shares) | 333,360 | |||||
Preferred OP units issued as part of the acquisition | 8,334 | |||||
Series B Redeemable Preferred Units [Member] | Georgia, 1 Property Acquired 4/3/2014 [Member] | Operating Partnership [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Cash portion of payment for acquisition | 15,158 | |||||
Number of stores acquired | 1 | |||||
Series B Redeemable Preferred Units [Member] | California, 20 Properties Acquired 2013-September [Member] | Operating Partnership [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Cash portion of payment for acquisition | 100,876 | |||||
Number of stores acquired | 1 | 19 | ||||
Number of stores acquired as part of portfolio acquisition | 20 | |||||
Debt assumed | 98,960 | |||||
Number of common units issued as part of acquisition | 1,448,108 | |||||
OP units issued as part of the acquisition | 62,341 | |||||
Series B Redeemable Preferred Units [Member] | California, 20 Properties Acquired 2013-September [Member] | Operating Partnership [Member] | Series B Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Preferred OP units issued as part of the acquisition (in shares) | 1,342,727 | |||||
Preferred OP units issued as part of the acquisition | $33,568 |
Noncontrolling_Interest_Repres2
Noncontrolling Interest Represented by Preferred Operating Partnership Units - Series C Convertible Redeemable Preferred Units - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 6 Months Ended | ||||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Sep. 26, 2013 | Aug. 29, 2013 | Nov. 19, 2013 | 31-May-14 |
Property | Store | Store | |||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||
Debt assumed | $38,347 | $110,803 | $150,284 | ||||
Loan to holders of preferred OP units | 120,230 | 120,230 | |||||
Operating Partnership [Member] | |||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||
Number of separate Contribution Agreements | 19 | ||||||
Cash portion of payment for acquisition | 100,876 | ||||||
Debt assumed | 98,960 | ||||||
Series C Units [Member] | |||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||
Preferred Units Issued as Part of Acquisition (in shares) | 226,285 | ||||||
Preferred OP units issued as part of the acquisition | 10,451 | ||||||
Series C Convertible Redeemable Preferred Units [Member] | Series C Units [Member] | |||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||
Liquidation value (in dollars per share) | $42.10 | ||||||
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 | 12 months | ||||||
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 | ||||||
Loan to holders of preferred OP units | 20,230 | ||||||
Note receivable interest rate (as a percent) | 5.00% | ||||||
Note receivable maurity date | 15-Dec-24 | ||||||
California, Properties Acquired December 2013 [Member] | Series C Convertible Redeemable Preferred Units [Member] | |||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||
Number of separate Contribution Agreements | 12 | ||||||
Ownership interest in five stores through joint ventures prior to the acquisition | 35.00% | ||||||
Ownership interest in one store through joint ventures prior to the acquisition | 40.00% | ||||||
Number of stores in which ownership interest was held prior to acquisition | 1 | ||||||
Number of stores in which ownership interest was held prior to acquisition of remaining properties | 5 | ||||||
California, Properties Acquired December 2013 [Member] | Series C Convertible Redeemable Preferred Units [Member] | Operating Partnership [Member] | |||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||
Number of stores acquired | 6 | ||||||
Cash portion of payment for acquisition | 45,722 | ||||||
Debt assumed | 37,532 | ||||||
California, Properties Acquired December 2013 [Member] | Series C Convertible Redeemable Preferred Units [Member] | Series C Units [Member] | Operating Partnership [Member] | |||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||
Preferred Units Issued as Part of Acquisition (in shares) | 704,016 | ||||||
Preferred OP units issued as part of the acquisition | $30,960 |
Noncontrolling_Interest_Repres3
Noncontrolling Interest Represented by Preferred Operating Partnership Units - Series D Redeemable Preferred Units - Additional Information (Detail) (Series D Redeemable Preferred Units [Member], USD $) | 12 Months Ended | 0 Months Ended |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2014 |
Series D Units [Member] | ||
Noncontrolling Interest in Operating Partnership [Line Items] | ||
Liquidation value (in dollars per share) | $25 | $25 |
Fixed liquidation value | $13,710 | $13,710 |
Annual rate of return (as a percent) | 5.00% | |
Self Storage Facility in Florida [Member] | ||
Noncontrolling Interest in Operating Partnership [Line Items] | ||
Cash portion of payment for acquisition | 5,621 | 5,621 |
Self Storage Facility in Florida [Member] | Series D Units [Member] | ||
Noncontrolling Interest in Operating Partnership [Line Items] | ||
Preferred Units Issued as Part of Acquisition (in shares) | 548,390 | |
Total consideration paid | $13,710 | $13,710 |
Noncontrolling_Interest_in_Ope
Noncontrolling Interest in Operating Partnership - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||||||||
In Thousands, except Share data, unless otherwise specified | Oct. 31, 2014 | Oct. 31, 2013 | Sep. 26, 2013 | Aug. 29, 2013 | Apr. 30, 2013 | Mar. 30, 2013 | Dec. 31, 2012 | Apr. 30, 2012 | Dec. 31, 2014 | Sep. 26, 2013 |
Property | ||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||||||
Period used as a denomination to determine the average closing price of common stock | 10 days | |||||||||
OP units conversion basis | One-for-one basis | |||||||||
Ten day average closing stock price | 59.26 | |||||||||
Consideration to be paid on redemption of common OP units | 258,722 | |||||||||
Operating Partnership [Member] | ||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||||||
Ownership interest held by entity (as a percent) | 93.40% | |||||||||
Noncontrolling interest in operating partnership (as a percent) | 6.60% | |||||||||
OP units outstanding | 4,365,879 | |||||||||
Number of units redeemed during the period | 6,859 | 12,500 | 304,817 | 12,000 | ||||||
Number of units redeemed for cash during the period | 1,000 | 1,000 | 5,475 | |||||||
Cash consideration paid on redemption of common OP units | 41 | 41 | 155 | |||||||
Number of stores acquired as part of portfolio acquisition | 20 | |||||||||
Common OP units issued as part of the acquisition | 1,448,108 | |||||||||
OP units issued as part of the acquisition | 62,341 | 62,341 | ||||||||
Operating Partnership [Member] | California, 20 Properties Acquired 2013-September [Member] | ||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||||||
Number of stores acquired as part of portfolio acquisition | 20 | 1 | ||||||||
Common OP units issued as part of the acquisition | 1,448,108 | 50,620 | ||||||||
OP units issued as part of the acquisition | $62,341 | 2,983 | $62,341 |
Other_Noncontrolling_Interests
Other Noncontrolling Interests - Additional Information (Detail) (USD $) | 1 Months Ended | |||
Nov. 30, 2013 | 31-May-13 | Feb. 28, 2013 | Dec. 31, 2014 | |
Store | Store | Store | Store | |
Noncontrolling Interest in Operating Partnership [Line Items] | ||||
Number of stores under construction | 1 | |||
Number of operating stores owned by consolidated joint venture | 19 | |||
Purchase of capital interest by entity in a joint venture partner of a consolidated property | 10.00% | 27.60% | 1.70% | |
Cash paid for acquiring interest in a joint venture partner of a consolidated property | $1,292,000 | $950,000 | $200,000 | |
Number of joint venture partners in a consolidated store in which ownership interest was acquired | 1 | 1 | 1 | |
Carrying amount of noncontrolling interest | $0 | $0 | ||
Purchase of profit interest by the entity in a joint venture partner of a consolidated property | 35.00% | 17.00% | ||
Ownership interest held by entity in joint venture partner of a consolidated stores prior to acquisition | 95.00% | |||
Ownership interest held by entity in joint venture partner of a consolidated stores | 96.70% | |||
Other [Member] | ||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||
Number of consolidated joint ventures | 2 | |||
Other [Member] | Minimum [Member] | ||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||
Ownership interests of third party owners | 1.00% | |||
Other [Member] | Maximum [Member] | ||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||
Ownership interests of third party owners | 3.30% |
StockBased_Compensation_Additi
Stock-Based Compensation - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Shares available for issuance under plans | 2,270,790 | ||
Weighted average fair value of stock options granted | $12.03 | $9.74 | $6.64 |
Weighted average forfeiture rate | 5.00% | ||
Net proceeds from exercise of stock options | $3,095 | $5,896 | $10,267 |
Stock Options [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period | 4 years | ||
Expiration period, minimum | 10 years | ||
Compensation expense recorded during the period in general and administrative expense | 456 | 536 | 585 |
Net proceeds from exercise of stock options | 3,095 | 5,896 | 10,267 |
Unrecognized compensation expense | 585 | ||
Weighted-average period for recognition of unrecognized compensation expense | 1 year 9 months 15 days | ||
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period | 4 years | ||
Weighted average forfeiture rate | 10.21% | ||
Compensation expense recorded during the period in general and administrative expense | 4,528 | 4,283 | 3,771 |
Unrecognized compensation expense | $7,010 | ||
Weighted-average period for recognition of unrecognized compensation expense | 2 years 1 month 2 days |
StockBased_Compensation_Summar
Stock-Based Compensation - Summary of Stock Option Activity (Detail) (USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||
Vested and Expected to Vest (in shares) | 563,432 | ||
Stock option activity | |||
Balance at the beginning of the period (in shares) | 754,624 | 1,097,092 | 1,798,861 |
Granted (in shares) | 31,000 | 49,075 | 67,084 |
Exercised (in shares) | -211,747 | -391,543 | -768,853 |
Forfeited (in shares) | -5,150 | ||
Balance at the end of the period (in shares) | 568,727 | 754,624 | 1,097,092 |
Exercisable at the end of the period(in shares) | 457,131 | ||
Weighted average exercise price | |||
Balance at the beginning of the period (in dollars per share) | $15.01 | $13.89 | $13.25 |
Granted (in dollars per share) | $47.50 | $38.40 | $27.18 |
Exercised (in dollars per share) | $14.85 | $14.81 | $13.55 |
Forfeited (in dollars per share) | $28.28 | ||
Balance at the end of the period (in dollars per share) | $16.62 | $15.01 | $13.89 |
Vested and Expected to Vest (in dollars per share) | $16.40 | ||
Exercisable at the end of the period (in dollars per share) | $12.26 | ||
Weighted average remaining contractual life | |||
Outstanding at the beginning of period | 4 years 9 months 7 days | ||
Vested and Expected to Vest | 4 years 8 months 23 days | ||
Exercisable at the end of period | 4 years 11 days | ||
Aggregate intrinsic value | |||
Outstanding at the end of the period | $23,898 | ||
Vested and Expected to Vest at the end of the period | 23,798 | ||
Exercisable at the end of the period | $21,204 |
StockBased_Compensation_Schedu
Stock-Based Compensation - Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Granted Stock Options (Detail) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||
Expected volatility (as a percent) | 40.00% | 42.00% | 44.00% |
Dividend yield (as a percent) | 4.00% | 4.00% | 5.00% |
Risk-free interest rate (as a percent) | 1.50% | 0.90% | 0.90% |
Average expected term | 5 years | 5 years | 5 years |
StockBased_Compensation_Schedu1
Stock-Based Compensation - Schedule of Stock Options Outstanding and Exercisable (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Exercise Price Range $6.22-$6.22 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $6.22 |
Exercise price range, upper limit (in dollars per share) | $6.22 |
Options Outstanding, Shares | 174,765 |
Options Exercisable, Shares | 174,765 |
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $6.22 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $6.22 |
Options outstanding, Weighted Average Remaining Contractual Life | 4 years 1 month 17 days |
Exercise Price Range $11.59-$12.85 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $11.59 |
Exercise price range, upper limit (in dollars per share) | $12.85 |
Options Outstanding, Shares | 113,910 |
Options Exercisable, Shares | 113,910 |
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $12.07 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $12.07 |
Options outstanding, Weighted Average Remaining Contractual Life | 4 years 11 months 16 days |
Exercise Price Range $13.04-$16.83 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $13.04 |
Exercise price range, upper limit (in dollars per share) | $16.83 |
Options Outstanding, Shares | 118,750 |
Options Exercisable, Shares | 118,750 |
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $15.24 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $15.24 |
Options outstanding, Weighted Average Remaining Contractual Life | 2 years 2 months 19 days |
Exercise Price Range $19.60-$38.40 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $19.60 |
Exercise price range, upper limit (in dollars per share) | $38.40 |
Options Outstanding, Shares | 132,552 |
Options Exercisable, Shares | 48,956 |
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $28.78 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $26.47 |
Options outstanding, Weighted Average Remaining Contractual Life | 6 years 9 months 29 days |
Exercise Price Range $47.50-$47.50 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $47.50 |
Exercise price range, upper limit (in dollars per share) | $47.50 |
Options Outstanding, Shares | 28,750 |
Options Exercisable, Shares | 750 |
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $47.50 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $47.50 |
Options outstanding, Weighted Average Remaining Contractual Life | 8 years 10 months 24 days |
Exercise Price Range $6.22-$47.50 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $6.22 |
Exercise price range, upper limit (in dollars per share) | $47.50 |
Options Outstanding, Shares | 568,727 |
Options Exercisable, Shares | 457,131 |
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $16.62 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $12.26 |
Options outstanding, Weighted Average Remaining Contractual Life | 4 years 9 months 7 days |
StockBased_Compensation_Summar1
Stock-Based Compensation - Summary of Company's Employee and Director Share Grant Activity (Detail) (Restricted Stock [Member], USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Restricted Stock [Member] | |||
Restricted Stock Grants | |||
Balance at the beginning of the period (in shares) | 395,360 | 540,272 | 662,766 |
Granted (in shares) | 117,370 | 137,602 | 182,052 |
Released (in shares) | -197,386 | -259,191 | -287,754 |
Cancelled (in shares) | -23,595 | -23,323 | -16,792 |
Balance at the end of the period (in shares) | 291,749 | 395,360 | 540,272 |
Weighted-Average Grant-Date Fair | |||
Balance at the beginning of the period (in dollars per share) | $26.96 | $17.93 | $12.81 |
Granted (in dollars per share) | $49.25 | $39.51 | $28.39 |
Released (in dollars per share) | $23.07 | $15.11 | $12.98 |
Cancelled (in dollars per share) | $37.19 | $23.62 | $14.03 |
Balance at the end of the period (in dollars per share) | $37.73 | $26.96 | $17.93 |
Employee_Benefit_Plan_Addition
Employee Benefit Plan - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract] | |||
Employee contribution to retirement saving plan as a percentage of annual salary, maximum | 15.00% | ||
Matching contributions made by the entity during the period | $1,529 | $1,013 | $894 |
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_Summarized_Statem
Income Taxes - Summarized Statement of Components of Income Tax Provision (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | |||
Current expense, Federal | $6,020 | $9,572 | $8,240 |
Tax credit, Federal | -2,176 | -4,556 | -5,528 |
Change in deferred benefit, Federal | 803 | 4,353 | 2,089 |
Income tax expense, Federal | 4,647 | 9,369 | 4,801 |
Current expense, State | 1,374 | 615 | 612 |
Tax credits, State | 0 | 0 | 0 |
Change in deferred benefit, State | 1,549 | 0 | 0 |
Income tax expense, State | 2,923 | 615 | 612 |
Current expense, Total | 7,394 | 10,187 | 8,852 |
Tax credit, Total | -2,176 | -4,556 | -5,528 |
Change in deferred benefit, Total | 2,352 | 4,353 | 2,089 |
Total tax expense | $7,570 | $9,984 | $5,413 |
Income_Taxes_Schedule_of_Recon
Income Taxes - Schedule of Reconciliation of Statutory Income Tax Provisions to the Effective Income Tax Provisions (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Income Tax Disclosure [Abstract] | |||
Expected tax at statutory rate | $71,215 | $67,012 | |
Non-taxable REIT income | -64,402 | -53,519 | |
State and local tax expense - net of federal benefit | 1,109 | 615 | |
Change in valuation allowance | 1,663 | 435 | |
Tax Credits (WOTC & Solar) | -2,176 | -4,562 | |
Miscellaneous | 161 | 3 | |
Total tax expense | $7,570 | $9,984 | $5,413 |
Expected tax at statutory rate (as a percent) | 35.00% | 35.00% | |
Non-taxable REIT income (as a percent) | -31.70% | -27.90% | |
State and local tax expense - net of federal benefit (as a percent) | 0.60% | 0.30% | |
Change in valuation allowance (as a percent) | 0.80% | 0.20% | |
Tax credits (WOTC & Solar) (as a percent) | -1.10% | -2.40% | |
Miscellaneous (as a percent) | 0.10% | 0.00% | |
Total provision (as a percent) | 3.70% | 5.20% |
Income_Taxes_Schedule_of_Major
Income Taxes - Schedule of Major Sources of Temporary Differences Stated at their Deferred Tax Effects (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Income Tax Disclosure [Abstract] | ||
Fixed Assets | ($16,586) | ($14,557) |
Other | -269 | -663 |
State Deferred Taxes | -1,576 | |
Total Deferred Tax Liabilities | -18,431 | -15,220 |
Capitive Insurance Subsidiary | 447 | 400 |
Accrued liabilities | 1,232 | 1,043 |
Stock compensation | 1,176 | 1,394 |
Solar Credit | 9,342 | 8,480 |
Other | 840 | 422 |
State Deferred Taxes | 6,260 | 4,570 |
Total Deferred Tax Assets | 19,297 | 16,309 |
Valuation Allowance | -6,233 | -4,570 |
Net deferred income tax liabilities | ($5,367) | ($3,481) |
Segment_Information_Additional
Segment Information - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2014 | |
Segments | |
Segment Reporting [Abstract] | |
Number of reportable segments | 3 |
Segment_Information_Schedule_o
Segment Information - Schedule of Financial Information of Business Segments (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | |||||||||||
Investment in unconsolidated real estate ventures | $85,711 | $88,125 | $85,711 | $88,125 | |||||||
Total assets | 4,402,107 | 3,977,140 | 4,402,107 | 3,977,140 | |||||||
Total revenues | 167,367 | 167,368 | 160,240 | 152,180 | 141,934 | 133,111 | 126,246 | 119,322 | 647,155 | 520,613 | 409,396 |
Operating expenses, including depreciation and amortization | 97,451 | 89,875 | 89,579 | 91,782 | 84,619 | 77,047 | 72,871 | 72,593 | 368,687 | 307,130 | 252,155 |
Income (loss) from operations | 69,916 | 77,493 | 70,661 | 60,398 | 57,315 | 56,064 | 53,375 | 46,729 | 278,468 | 213,483 | 157,241 |
Gain (loss) on sale of real estate and earnout from prior acquisitions | -10,285 | 960 | |||||||||
Interest income | 1,607 | 749 | 1,816 | ||||||||
Property casualty loss, net | -1,724 | ||||||||||
Loss on extinguishment of debt related to portfolio acquisition | -9,153 | ||||||||||
Interest expense | -81,330 | -71,630 | -71,850 | ||||||||
Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes | -2,683 | -1,404 | -444 | ||||||||
Interest income on note receivable from Preferred Operating Partnership unit holder | 4,850 | 4,850 | 4,850 | ||||||||
Equity in earnings of unconsolidated real estate ventures | 10,541 | 11,653 | 10,859 | ||||||||
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partners' interests | 4,022 | 46,032 | 30,630 | ||||||||
Income tax (expense) benefit | -7,570 | -9,984 | -5,413 | ||||||||
Net income (loss) | 49,486 | 59,193 | 46,008 | 41,209 | 82,172 | 32,352 | 37,101 | 33,931 | 195,896 | 185,556 | 127,689 |
Depreciation and amortization expense | 115,076 | 95,232 | 74,453 | ||||||||
Acquisition of real estate assets | -503,538 | -349,959 | -601,727 | ||||||||
Development and redevelopment of real estate assets | -23,528 | -6,466 | -3,759 | ||||||||
Rental Operations [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Investment in unconsolidated real estate ventures | 85,711 | 88,125 | 85,711 | 88,125 | |||||||
Total assets | 4,109,673 | 3,641,746 | 4,109,673 | 3,641,746 | |||||||
Total revenues | 559,868 | 446,682 | 346,874 | ||||||||
Operating expenses, including depreciation and amortization | 279,497 | 229,229 | 184,540 | ||||||||
Income (loss) from operations | 280,371 | 217,453 | 162,334 | ||||||||
Property casualty loss, net | -1,724 | ||||||||||
Interest expense | -80,160 | -69,702 | -70,472 | ||||||||
Equity in earnings of unconsolidated real estate ventures | 10,541 | 11,653 | 10,859 | ||||||||
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partners' interests | 4,022 | 46,032 | 30,630 | ||||||||
Income tax (expense) benefit | -1,157 | -149 | -660 | ||||||||
Net income (loss) | 211,893 | 205,287 | 132,691 | ||||||||
Depreciation and amortization expense | 107,081 | 89,217 | 70,512 | ||||||||
Tenant Reinsurance [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total assets | 39,383 | 34,393 | 39,383 | 34,393 | |||||||
Total revenues | 59,072 | 47,317 | 36,816 | ||||||||
Operating expenses, including depreciation and amortization | 10,427 | 9,022 | 7,869 | ||||||||
Income (loss) from operations | 48,645 | 38,295 | 28,947 | ||||||||
Interest income | 17 | 17 | 12 | ||||||||
Income tax (expense) benefit | -8,662 | -13,409 | -10,399 | ||||||||
Net income (loss) | 40,000 | 24,903 | 18,560 | ||||||||
Property Management Acquisition and Development [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total assets | 253,051 | 301,001 | 253,051 | 301,001 | |||||||
Total revenues | 28,215 | 26,614 | 25,706 | ||||||||
Operating expenses, including depreciation and amortization | 78,763 | 68,879 | 59,746 | ||||||||
Income (loss) from operations | -50,548 | -42,265 | -34,040 | ||||||||
Gain (loss) on sale of real estate and earnout from prior acquisitions | -10,285 | 960 | |||||||||
Interest income | 1,590 | 732 | 1,804 | ||||||||
Loss on extinguishment of debt related to portfolio acquisition | -9,153 | ||||||||||
Interest expense | -1,170 | -1,928 | -1,378 | ||||||||
Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes | -2,683 | -1,404 | -444 | ||||||||
Interest income on note receivable from Preferred Operating Partnership unit holder | 4,850 | 4,850 | 4,850 | ||||||||
Income tax (expense) benefit | 2,249 | 3,574 | 5,646 | ||||||||
Net income (loss) | -55,997 | -44,634 | -23,562 | ||||||||
Depreciation and amortization expense | 7,995 | 6,015 | 3,941 | ||||||||
Acquisition of real estate assets | -503,538 | -349,959 | -601,727 | ||||||||
Development and redevelopment of real estate assets | ($23,528) | ($6,466) | ($3,759) |
Commitments_and_Contingencies_1
Commitments and Contingencies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Facility | |||
Commitments and Contingencies Disclosure [Abstract] | |||
Number of owned stores that have leases | 17 | ||
Expense related to ground leases | $3,345 | $2,983 | $2,830 |
Commitments_and_Contingencies_2
Commitments and Contingencies - Schedule of Future Minimum Rental Payments Under Non-Cancelable Operating Lease (Detail) (USD $) | Dec. 31, 2014 |
In Thousands, unless otherwise specified | |
Commitments and Contingencies Disclosure [Abstract] | |
Less than 1 year | $6,125 |
Year 2 | 5,054 |
Year 3 | 3,728 |
Year 4 | 2,899 |
Year 5 | 2,287 |
Thereafter | 45,293 |
Total | $65,386 |
Supplementary_Quarterly_Financ2
Supplementary Quarterly Financial Data (Unaudited) - Schedule of Supplementary Quarterly Financial Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Quarterly Financial Data [Abstract] | |||||||||||
Revenues | $167,367 | $167,368 | $160,240 | $152,180 | $141,934 | $133,111 | $126,246 | $119,322 | $647,155 | $520,613 | $409,396 |
Cost of operations | 97,451 | 89,875 | 89,579 | 91,782 | 84,619 | 77,047 | 72,871 | 72,593 | 368,687 | 307,130 | 252,155 |
Revenues less cost of operations | 69,916 | 77,493 | 70,661 | 60,398 | 57,315 | 56,064 | 53,375 | 46,729 | 278,468 | 213,483 | 157,241 |
Net income | 49,486 | 59,193 | 46,008 | 41,209 | 82,172 | 32,352 | 37,101 | 33,931 | 195,896 | 185,556 | 127,689 |
Net income attributable to common stockholders | $45,122 | $54,228 | $41,665 | $37,340 | $76,940 | $29,245 | $34,466 | $31,425 | $178,355 | $172,076 | $117,309 |
Earnings per common share-basic | $0.39 | $0.47 | $0.36 | $0.32 | $0.68 | $0.26 | $0.31 | $0.28 | $1.54 | $1.54 | $1.15 |
Earnings per common share-diluted | $0.39 | $0.47 | $0.36 | $0.32 | $0.67 | $0.26 | $0.31 | $0.28 | $1.53 | $1.53 | $1.14 |
Subsequent_Events_Additional_I
Subsequent Events - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Feb. 24, 2015 | Jan. 13, 2015 |
Store | Store | |||
Schedule of Reverse Stock Split [Line Items] | ||||
Cash portion of payment for acquisition | $563,670 | $704,449 | ||
Subsequent Event [Member] | Texas [Member] | ||||
Schedule of Reverse Stock Split [Line Items] | ||||
Number of self-storage facilities (stores) acquired | 1 | 3 | ||
Cash portion of payment for acquisition | $13,550 | $41,900 |
Schedule_III_Real_Estate_and_A1
Schedule III - Real Estate and Accumulated Depreciation (Detail) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | $1,872,067 | |
Land initial cost | 1,161,721 | |
Building and improvements initial cost | 3,286,329 | |
Adjustments and costs subsequent to acquisition | 291,982 | |
Gross carrying amount, Land | 1,153,237 | |
Gross carrying amount, Building and improvements | 3,586,795 | |
Gross carrying amount, Total | 4,722,162 | 4,126,648 |
Accumulated depreciation | 604,336 | 496,754 |
San Antonio / DeZavala Rd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,315 | |
Land initial cost | 2,471 | |
Building and improvements initial cost | 3,556 | |
Adjustments and costs subsequent to acquisition | -179 | |
Gross carrying amount, Land | 2,471 | |
Gross carrying amount, Building and improvements | 3,377 | |
Gross carrying amount, Total | 5,848 | |
Accumulated depreciation | 694 | |
South Houston, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,145 | |
Land initial cost | 478 | |
Building and improvements initial cost | 4,069 | |
Adjustments and costs subsequent to acquisition | 808 | |
Gross carrying amount, Land | 478 | |
Gross carrying amount, Building and improvements | 4,877 | |
Gross carrying amount, Total | 5,355 | |
Accumulated depreciation | 1,277 | |
Spring / Treaschwig Rd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,920 | |
Land initial cost | 978 | |
Building and improvements initial cost | 1,347 | |
Adjustments and costs subsequent to acquisition | 170 | |
Gross carrying amount, Land | 979 | |
Gross carrying amount, Building and improvements | 1,516 | |
Gross carrying amount, Total | 2,495 | |
Accumulated depreciation | 154 | |
Spring / I-45 North, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,259 | |
Land initial cost | 506 | |
Building and improvements initial cost | 5,096 | |
Adjustments and costs subsequent to acquisition | 194 | |
Gross carrying amount, Land | 506 | |
Gross carrying amount, Building and improvements | 5,290 | |
Gross carrying amount, Total | 5,796 | |
Accumulated depreciation | 356 | |
East Millcreek, UT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,988 | |
Land initial cost | 986 | |
Building and improvements initial cost | 3,455 | |
Adjustments and costs subsequent to acquisition | 165 | |
Gross carrying amount, Land | 986 | |
Gross carrying amount, Building and improvements | 3,620 | |
Gross carrying amount, Total | 4,606 | |
Accumulated depreciation | 420 | |
Murray, UT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 571 | |
Building and improvements initial cost | 986 | |
Adjustments and costs subsequent to acquisition | 2,125 | |
Gross carrying amount, Land | 571 | |
Gross carrying amount, Building and improvements | 3,111 | |
Gross carrying amount, Total | 3,682 | |
Accumulated depreciation | 311 | |
Orem, UT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,041 | |
Land initial cost | 841 | |
Building and improvements initial cost | 2,335 | |
Adjustments and costs subsequent to acquisition | 189 | |
Gross carrying amount, Land | 841 | |
Gross carrying amount, Building and improvements | 2,524 | |
Gross carrying amount, Total | 3,365 | |
Accumulated depreciation | 265 | |
Salt Lake City, UT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 642 | |
Building and improvements initial cost | 2,607 | |
Adjustments and costs subsequent to acquisition | 367 | |
Gross carrying amount, Land | 642 | |
Gross carrying amount, Building and improvements | 2,974 | |
Gross carrying amount, Total | 3,616 | |
Accumulated depreciation | 900 | |
Sandy / South 700 East 1, UT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,408 | |
Land initial cost | 1,349 | |
Building and improvements initial cost | 4,372 | |
Adjustments and costs subsequent to acquisition | 504 | |
Gross carrying amount, Land | 1,349 | |
Gross carrying amount, Building and improvements | 4,876 | |
Gross carrying amount, Total | 6,225 | |
Accumulated depreciation | 1,313 | |
Sandy / South 700 East 2, UT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,063 | |
Building and improvements initial cost | 5,202 | |
Adjustments and costs subsequent to acquisition | 1,477 | |
Gross carrying amount, Land | 2,063 | |
Gross carrying amount, Building and improvements | 6,679 | |
Gross carrying amount, Total | 8,742 | |
Accumulated depreciation | 331 | |
West Jordan, UT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,079 | |
Land initial cost | 735 | |
Building and improvements initial cost | 2,146 | |
Adjustments and costs subsequent to acquisition | 409 | |
Gross carrying amount, Land | 735 | |
Gross carrying amount, Building and improvements | 2,555 | |
Gross carrying amount, Total | 3,290 | |
Accumulated depreciation | 310 | |
West Valley City, UT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,756 | |
Land initial cost | 461 | |
Building and improvements initial cost | 1,722 | |
Adjustments and costs subsequent to acquisition | 190 | |
Gross carrying amount, Land | 461 | |
Gross carrying amount, Building and improvements | 1,912 | |
Gross carrying amount, Total | 2,373 | |
Accumulated depreciation | 543 | |
Alexandria / S Dove St, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,620 | |
Building and improvements initial cost | 13,103 | |
Adjustments and costs subsequent to acquisition | 588 | |
Gross carrying amount, Land | 1,620 | |
Gross carrying amount, Building and improvements | 13,691 | |
Gross carrying amount, Total | 15,311 | |
Accumulated depreciation | 3,026 | |
Alexandria / N Henry St, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 13,366 | |
Land initial cost | 5,029 | |
Building and improvements initial cost | 18,943 | |
Adjustments and costs subsequent to acquisition | 47 | |
Gross carrying amount, Land | 5,029 | |
Gross carrying amount, Building and improvements | 18,990 | |
Gross carrying amount, Total | 24,019 | |
Accumulated depreciation | 1,206 | |
Arlington, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 4,802 | |
Adjustments and costs subsequent to acquisition | 144 | |
Gross carrying amount, Building and improvements | 4,946 | |
Gross carrying amount, Total | 4,946 | |
Accumulated depreciation | 1,768 | |
Burke, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,780 | |
Land initial cost | 11,534 | |
Building and improvements initial cost | 7,347 | |
Adjustments and costs subsequent to acquisition | 36 | |
Gross carrying amount, Land | 11,534 | |
Gross carrying amount, Building and improvements | 7,383 | |
Gross carrying amount, Total | 18,917 | |
Accumulated depreciation | 1,103 | |
Chesapeake / Bruce Rd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,074 | |
Building and improvements initial cost | 9,464 | |
Adjustments and costs subsequent to acquisition | 98 | |
Gross carrying amount, Land | 1,074 | |
Gross carrying amount, Building and improvements | 9,562 | |
Gross carrying amount, Total | 10,636 | |
Accumulated depreciation | 234 | |
Chesapeake / Military Hwy, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 332 | |
Building and improvements initial cost | 4,106 | |
Adjustments and costs subsequent to acquisition | 88 | |
Gross carrying amount, Land | 332 | |
Gross carrying amount, Building and improvements | 4,194 | |
Gross carrying amount, Total | 4,526 | |
Accumulated depreciation | 103 | |
Chesapeake / Poplar Hill Rd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 540 | |
Building and improvements initial cost | 9,977 | |
Adjustments and costs subsequent to acquisition | 103 | |
Gross carrying amount, Land | 541 | |
Gross carrying amount, Building and improvements | 10,079 | |
Gross carrying amount, Total | 10,620 | |
Accumulated depreciation | 247 | |
Chesapeake / Woodlake Dr, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,014 | |
Building and improvements initial cost | 14,872 | |
Adjustments and costs subsequent to acquisition | 81 | |
Gross carrying amount, Land | 4,014 | |
Gross carrying amount, Building and improvements | 14,953 | |
Gross carrying amount, Total | 18,967 | |
Accumulated depreciation | 367 | |
Dumfries, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,179 | |
Land initial cost | 932 | |
Building and improvements initial cost | 9,349 | |
Adjustments and costs subsequent to acquisition | 174 | |
Gross carrying amount, Land | 932 | |
Gross carrying amount, Building and improvements | 9,523 | |
Gross carrying amount, Total | 10,455 | |
Accumulated depreciation | 934 | |
Falls Church / Seminary Rd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,811 | |
Land initial cost | 1,259 | |
Building and improvements initial cost | 6,975 | |
Adjustments and costs subsequent to acquisition | 405 | |
Gross carrying amount, Land | 1,259 | |
Gross carrying amount, Building and improvements | 7,380 | |
Gross carrying amount, Total | 8,639 | |
Accumulated depreciation | 1,963 | |
Falls Church / Hollywood Rd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,006 | |
Land initial cost | 5,703 | |
Building and improvements initial cost | 13,307 | |
Adjustments and costs subsequent to acquisition | 272 | |
Gross carrying amount, Land | 5,713 | |
Gross carrying amount, Building and improvements | 13,569 | |
Gross carrying amount, Total | 19,282 | |
Accumulated depreciation | 751 | |
Fredericksburg / Plank Road, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,265 | |
Land initial cost | 2,128 | |
Building and improvements initial cost | 5,398 | |
Adjustments and costs subsequent to acquisition | 82 | |
Gross carrying amount, Land | 2,128 | |
Gross carrying amount, Building and improvements | 5,480 | |
Gross carrying amount, Total | 7,608 | |
Accumulated depreciation | 350 | |
Fredericksburg / Jefferson Davis Hwy, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,973 | |
Land initial cost | 1,438 | |
Building and improvements initial cost | 2,459 | |
Adjustments and costs subsequent to acquisition | 170 | |
Gross carrying amount, Land | 1,438 | |
Gross carrying amount, Building and improvements | 2,629 | |
Gross carrying amount, Total | 4,067 | |
Accumulated depreciation | 155 | |
Glen Allen, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 609 | |
Building and improvements initial cost | 8,220 | |
Gross carrying amount, Land | 609 | |
Gross carrying amount, Building and improvements | 8,220 | |
Gross carrying amount, Total | 8,829 | |
Hampton, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 7,849 | |
Building and improvements initial cost | 7,040 | |
Adjustments and costs subsequent to acquisition | 62 | |
Gross carrying amount, Land | 7,849 | |
Gross carrying amount, Building and improvements | 7,102 | |
Gross carrying amount, Total | 14,951 | |
Accumulated depreciation | 174 | |
Newport News / Denbigh Blvd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,723 | |
Land initial cost | 4,619 | |
Building and improvements initial cost | 5,870 | |
Adjustments and costs subsequent to acquisition | 121 | |
Gross carrying amount, Land | 4,619 | |
Gross carrying amount, Building and improvements | 5,991 | |
Gross carrying amount, Total | 10,610 | |
Accumulated depreciation | 148 | |
Newport News / J Clyde Morris Blvd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,838 | |
Building and improvements initial cost | 6,124 | |
Adjustments and costs subsequent to acquisition | 136 | |
Gross carrying amount, Land | 4,838 | |
Gross carrying amount, Building and improvements | 6,260 | |
Gross carrying amount, Total | 11,098 | |
Accumulated depreciation | 154 | |
Newport News / Tyler Ave, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,740 | |
Building and improvements initial cost | 4,955 | |
Adjustments and costs subsequent to acquisition | 111 | |
Gross carrying amount, Land | 2,740 | |
Gross carrying amount, Building and improvements | 5,066 | |
Gross carrying amount, Total | 7,806 | |
Accumulated depreciation | 125 | |
Norfolk / Granby St, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,785 | |
Building and improvements initial cost | 8,543 | |
Adjustments and costs subsequent to acquisition | 85 | |
Gross carrying amount, Land | 1,785 | |
Gross carrying amount, Building and improvements | 8,628 | |
Gross carrying amount, Total | 10,413 | |
Accumulated depreciation | 212 | |
Norfolk / Naval Base Rd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,078 | |
Building and improvements initial cost | 5,975 | |
Adjustments and costs subsequent to acquisition | 133 | |
Gross carrying amount, Land | 4,078 | |
Gross carrying amount, Building and improvements | 6,108 | |
Gross carrying amount, Total | 10,186 | |
Accumulated depreciation | 149 | |
Richmond / W Broad St, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,516 | |
Land initial cost | 2,305 | |
Building and improvements initial cost | 5,467 | |
Adjustments and costs subsequent to acquisition | 344 | |
Gross carrying amount, Land | 2,305 | |
Gross carrying amount, Building and improvements | 5,811 | |
Gross carrying amount, Total | 8,116 | |
Accumulated depreciation | 1,583 | |
Richmond / Hull St, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,016 | |
Building and improvements initial cost | 9,425 | |
Adjustments and costs subsequent to acquisition | 83 | |
Gross carrying amount, Land | 2,016 | |
Gross carrying amount, Building and improvements | 9,508 | |
Gross carrying amount, Total | 11,524 | |
Accumulated depreciation | 234 | |
Richmond / Laburnum Ave, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 5,945 | |
Building and improvements initial cost | 7,613 | |
Adjustments and costs subsequent to acquisition | 141 | |
Gross carrying amount, Land | 5,945 | |
Gross carrying amount, Building and improvements | 7,754 | |
Gross carrying amount, Total | 13,699 | |
Accumulated depreciation | 190 | |
Richmond / Midlothian Turnpike, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,735 | |
Building and improvements initial cost | 5,699 | |
Adjustments and costs subsequent to acquisition | 92 | |
Gross carrying amount, Land | 2,735 | |
Gross carrying amount, Building and improvements | 5,791 | |
Gross carrying amount, Total | 8,526 | |
Accumulated depreciation | 143 | |
Richmond / Old Staples Mill Rd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 5,905 | |
Building and improvements initial cost | 6,869 | |
Adjustments and costs subsequent to acquisition | 119 | |
Gross carrying amount, Land | 5,905 | |
Gross carrying amount, Building and improvements | 6,988 | |
Gross carrying amount, Total | 12,893 | |
Accumulated depreciation | 172 | |
Stafford / SUSA Dr, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,373 | |
Land initial cost | 2,076 | |
Building and improvements initial cost | 5,175 | |
Adjustments and costs subsequent to acquisition | 123 | |
Gross carrying amount, Land | 2,076 | |
Gross carrying amount, Building and improvements | 5,298 | |
Gross carrying amount, Total | 7,374 | |
Accumulated depreciation | 831 | |
Stafford / Jefferson Davis Hwy, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,377 | |
Land initial cost | 1,172 | |
Building and improvements initial cost | 5,562 | |
Adjustments and costs subsequent to acquisition | 137 | |
Gross carrying amount, Land | 1,172 | |
Gross carrying amount, Building and improvements | 5,699 | |
Gross carrying amount, Total | 6,871 | |
Accumulated depreciation | 351 | |
Virginia Beach / General Booth Blvd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,142 | |
Building and improvements initial cost | 11,721 | |
Adjustments and costs subsequent to acquisition | 38 | |
Gross carrying amount, Land | 1,142 | |
Gross carrying amount, Building and improvements | 11,759 | |
Gross carrying amount, Total | 12,901 | |
Accumulated depreciation | 289 | |
Virginia Beach / Kempsville Rd, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,934 | |
Building and improvements initial cost | 11,413 | |
Adjustments and costs subsequent to acquisition | 32 | |
Gross carrying amount, Land | 3,934 | |
Gross carrying amount, Building and improvements | 11,445 | |
Gross carrying amount, Total | 15,379 | |
Accumulated depreciation | 282 | |
Virginia Beach / Village Dr, VA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 331 | |
Building and improvements initial cost | 13,175 | |
Adjustments and costs subsequent to acquisition | 75 | |
Gross carrying amount, Land | 331 | |
Gross carrying amount, Building and improvements | 13,250 | |
Gross carrying amount, Total | 13,581 | |
Accumulated depreciation | 327 | |
Lakewood / 80th St, WA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,412 | |
Land initial cost | 1,389 | |
Building and improvements initial cost | 4,780 | |
Adjustments and costs subsequent to acquisition | 310 | |
Gross carrying amount, Land | 1,389 | |
Gross carrying amount, Building and improvements | 5,090 | |
Gross carrying amount, Total | 6,479 | |
Accumulated depreciation | 1,238 | |
Lakewood / Pacific Hwy, WA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,415 | |
Land initial cost | 1,917 | |
Building and improvements initial cost | 5,256 | |
Adjustments and costs subsequent to acquisition | 220 | |
Gross carrying amount, Land | 1,917 | |
Gross carrying amount, Building and improvements | 5,476 | |
Gross carrying amount, Total | 7,393 | |
Accumulated depreciation | 1,314 | |
Puyallup, WA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 437 | |
Building and improvements initial cost | 3,808 | |
Adjustments and costs subsequent to acquisition | 2 | |
Gross carrying amount, Land | 437 | |
Gross carrying amount, Building and improvements | 3,810 | |
Gross carrying amount, Total | 4,247 | |
Accumulated depreciation | 69 | |
Seattle, WA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,272 | |
Land initial cost | 2,727 | |
Building and improvements initial cost | 7,241 | |
Adjustments and costs subsequent to acquisition | 236 | |
Gross carrying amount, Land | 2,727 | |
Gross carrying amount, Building and improvements | 7,477 | |
Gross carrying amount, Total | 10,204 | |
Accumulated depreciation | 1,945 | |
Tacoma, WA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,427 | |
Land initial cost | 1,031 | |
Building and improvements initial cost | 3,103 | |
Adjustments and costs subsequent to acquisition | 152 | |
Gross carrying amount, Land | 1,031 | |
Gross carrying amount, Building and improvements | 3,255 | |
Gross carrying amount, Total | 4,286 | |
Accumulated depreciation | 812 | |
Vancouver, WA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,079 | |
Land initial cost | 709 | |
Building and improvements initial cost | 4,280 | |
Adjustments and costs subsequent to acquisition | 75 | |
Gross carrying amount, Land | 709 | |
Gross carrying amount, Building and improvements | 4,355 | |
Gross carrying amount, Total | 5,064 | |
Accumulated depreciation | 280 | |
Auburn / Dean Rd, AL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,460 | |
Land initial cost | 324 | |
Building and improvements initial cost | 1,895 | |
Adjustments and costs subsequent to acquisition | 122 | |
Gross carrying amount, Land | 325 | |
Gross carrying amount, Building and improvements | 2,016 | |
Gross carrying amount, Total | 2,341 | |
Accumulated depreciation | 265 | |
Auburn / Opelika Rd, AL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | ||
Land initial cost | 92 | |
Building and improvements initial cost | 138 | |
Adjustments and costs subsequent to acquisition | 163 | |
Gross carrying amount, Land | 92 | |
Gross carrying amount, Building and improvements | 301 | |
Gross carrying amount, Total | 393 | |
Accumulated depreciation | 77 | |
Birmingham / Grace Baker Rd, AL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,586 | |
Land initial cost | 790 | |
Building and improvements initial cost | 9,369 | |
Adjustments and costs subsequent to acquisition | 36 | |
Gross carrying amount, Land | 790 | |
Gross carrying amount, Building and improvements | 9,405 | |
Gross carrying amount, Total | 10,195 | |
Accumulated depreciation | 596 | |
Birmingham / Lorna Rd, AL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | ||
Land initial cost | 2,381 | |
Building and improvements initial cost | 11,224 | |
Adjustments and costs subsequent to acquisition | 55 | |
Gross carrying amount, Land | 2,381 | |
Gross carrying amount, Building and improvements | 11,279 | |
Gross carrying amount, Total | 13,660 | |
Accumulated depreciation | 229 | |
Hoover, AL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,670 | |
Land initial cost | 1,313 | |
Building and improvements initial cost | 2,858 | |
Adjustments and costs subsequent to acquisition | 647 | |
Gross carrying amount, Land | 1,313 | |
Gross carrying amount, Building and improvements | 3,505 | |
Gross carrying amount, Total | 4,818 | |
Accumulated depreciation | 1,047 | |
Chandler, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,250 | |
Land initial cost | 547 | |
Building and improvements initial cost | 4,213 | |
Adjustments and costs subsequent to acquisition | 165 | |
Gross carrying amount, Land | 547 | |
Gross carrying amount, Building and improvements | 4,378 | |
Gross carrying amount, Total | 4,925 | |
Accumulated depreciation | 173 | |
Mesa / Madero Ave, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,235 | |
Land initial cost | 849 | |
Building and improvements initial cost | 2,547 | |
Adjustments and costs subsequent to acquisition | 194 | |
Gross carrying amount, Land | 849 | |
Gross carrying amount, Building and improvements | 2,741 | |
Gross carrying amount, Total | 3,590 | |
Accumulated depreciation | 781 | |
Mesa / N-. Alma School Rd, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,184 | |
Land initial cost | 1,129 | |
Building and improvements initial cost | 4,402 | |
Adjustments and costs subsequent to acquisition | 51 | |
Gross carrying amount, Land | 1,129 | |
Gross carrying amount, Building and improvements | 4,453 | |
Gross carrying amount, Total | 5,582 | |
Accumulated depreciation | 286 | |
Mesa / E Southern Ave, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,435 | |
Land initial cost | 2,973 | |
Building and improvements initial cost | 5,545 | |
Adjustments and costs subsequent to acquisition | 253 | |
Gross carrying amount, Land | 2,973 | |
Gross carrying amount, Building and improvements | 5,798 | |
Gross carrying amount, Total | 8,771 | |
Accumulated depreciation | 311 | |
Mesa / Southern Ave, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | ||
Land initial cost | 1,453 | |
Building and improvements initial cost | 2,897 | |
Adjustments and costs subsequent to acquisition | 130 | |
Gross carrying amount, Land | 1,453 | |
Gross carrying amount, Building and improvements | 3,027 | |
Gross carrying amount, Total | 4,480 | |
Accumulated depreciation | 117 | |
Peoria Seventy Fifth Ave AZ Member | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,268 | |
Land initial cost | 652 | |
Building and improvements initial cost | 4,105 | |
Adjustments and costs subsequent to acquisition | 148 | |
Gross carrying amount, Land | 652 | |
Gross carrying amount, Building and improvements | 4,253 | |
Gross carrying amount, Total | 4,905 | |
Accumulated depreciation | 971 | |
Peoria / W Beardsley Rd, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | ||
Land initial cost | 1,060 | |
Building and improvements initial cost | 4,731 | |
Adjustments and costs subsequent to acquisition | 15 | |
Gross carrying amount, Land | 1,060 | |
Gross carrying amount, Building and improvements | 4,746 | |
Gross carrying amount, Total | 5,806 | |
Accumulated depreciation | 482 | |
Phoenix / East Bell Rd, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,936 | |
Land initial cost | 1,441 | |
Building and improvements initial cost | 7,982 | |
Adjustments and costs subsequent to acquisition | 678 | |
Gross carrying amount, Land | 1,441 | |
Gross carrying amount, Building and improvements | 8,660 | |
Gross carrying amount, Total | 10,101 | |
Accumulated depreciation | 2,331 | |
Phoenix N- Cave Creek Rd, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,315 | |
Land initial cost | 552 | |
Building and improvements initial cost | 3,530 | |
Adjustments and costs subsequent to acquisition | 255 | |
Gross carrying amount, Land | 551 | |
Gross carrying amount, Building and improvements | 3,786 | |
Gross carrying amount, Total | 4,337 | |
Accumulated depreciation | 925 | |
Phoenix / E Greenway Pkwy, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 669 | |
Building and improvements initial cost | 4,135 | |
Adjustments and costs subsequent to acquisition | 318 | |
Gross carrying amount, Land | 669 | |
Gross carrying amount, Building and improvements | 4,453 | |
Gross carrying amount, Total | 5,122 | |
Accumulated depreciation | 995 | |
Phoenix / N- 32nd St, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,006 | |
Land initial cost | 2,257 | |
Building and improvements initial cost | 7,820 | |
Adjustments and costs subsequent to acquisition | 156 | |
Gross carrying amount, Land | 2,257 | |
Gross carrying amount, Building and improvements | 7,976 | |
Gross carrying amount, Total | 10,233 | |
Accumulated depreciation | 438 | |
Tucson, AZ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,090 | |
Building and improvements initial cost | 7,845 | |
Adjustments and costs subsequent to acquisition | 45 | |
Gross carrying amount, Land | 1,090 | |
Gross carrying amount, Building and improvements | 7,890 | |
Gross carrying amount, Total | 8,980 | |
Accumulated depreciation | 435 | |
Alameda, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,919 | |
Building and improvements initial cost | 12,984 | |
Adjustments and costs subsequent to acquisition | 2,063 | |
Gross carrying amount, Land | 2,919 | |
Gross carrying amount, Building and improvements | 15,047 | |
Gross carrying amount, Total | 17,966 | |
Accumulated depreciation | 3,582 | |
Alhambra, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 10,109 | |
Building and improvements initial cost | 6,065 | |
Adjustments and costs subsequent to acquisition | 224 | |
Gross carrying amount, Land | 10,109 | |
Gross carrying amount, Building and improvements | 6,289 | |
Gross carrying amount, Total | 16,398 | |
Accumulated depreciation | 205 | |
Anaheim / S Adams St, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,593 | |
Building and improvements initial cost | 3,330 | |
Adjustments and costs subsequent to acquisition | 198 | |
Gross carrying amount, Land | 3,593 | |
Gross carrying amount, Building and improvements | 3,528 | |
Gross carrying amount, Total | 7,121 | |
Accumulated depreciation | 125 | |
Anaheim / S State College Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,519 | |
Building and improvements initial cost | 2,886 | |
Adjustments and costs subsequent to acquisition | 179 | |
Gross carrying amount, Land | 2,519 | |
Gross carrying amount, Building and improvements | 3,065 | |
Gross carrying amount, Total | 5,584 | |
Accumulated depreciation | 108 | |
Anaheim / Old Canal Rd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,765 | |
Building and improvements initial cost | 12,680 | |
Adjustments and costs subsequent to acquisition | 98 | |
Gross carrying amount, Land | 2,765 | |
Gross carrying amount, Building and improvements | 12,778 | |
Gross carrying amount, Total | 15,543 | |
Accumulated depreciation | 232 | |
Antelope, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,105 | |
Land initial cost | 1,525 | |
Building and improvements initial cost | 8,345 | |
Adjustments and costs subsequent to acquisition | -282 | |
Gross carrying amount, Land | 1,185 | |
Gross carrying amount, Building and improvements | 8,403 | |
Gross carrying amount, Total | 9,588 | |
Accumulated depreciation | 1,361 | |
Bellflower, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,247 | |
Land initial cost | 640 | |
Building and improvements initial cost | 1,350 | |
Adjustments and costs subsequent to acquisition | 92 | |
Gross carrying amount, Land | 639 | |
Gross carrying amount, Building and improvements | 1,443 | |
Gross carrying amount, Total | 2,082 | |
Accumulated depreciation | 123 | |
Belmont, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,500 | |
Building and improvements initial cost | 7,280 | |
Adjustments and costs subsequent to acquisition | 82 | |
Gross carrying amount, Land | 3,500 | |
Gross carrying amount, Building and improvements | 7,362 | |
Gross carrying amount, Total | 10,862 | |
Accumulated depreciation | 1,406 | |
Berkeley, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 19,363 | |
Land initial cost | 1,716 | |
Building and improvements initial cost | 19,602 | |
Adjustments and costs subsequent to acquisition | 1,963 | |
Gross carrying amount, Land | 1,716 | |
Gross carrying amount, Building and improvements | 21,565 | |
Gross carrying amount, Total | 23,281 | |
Accumulated depreciation | 4,516 | |
Bloomington / Bloomington Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 934 | |
Building and improvements initial cost | 1,937 | |
Adjustments and costs subsequent to acquisition | 167 | |
Gross carrying amount, Land | 934 | |
Gross carrying amount, Building and improvements | 2,104 | |
Gross carrying amount, Total | 3,038 | |
Accumulated depreciation | 226 | |
Bloomington / Linden Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 647 | |
Building and improvements initial cost | 1,303 | |
Adjustments and costs subsequent to acquisition | 157 | |
Gross carrying amount, Land | 647 | |
Gross carrying amount, Building and improvements | 1,460 | |
Gross carrying amount, Total | 2,107 | |
Accumulated depreciation | 147 | |
Burbank / W Verdugo Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 13,837 | |
Land initial cost | 3,199 | |
Building and improvements initial cost | 5,082 | |
Adjustments and costs subsequent to acquisition | 1,803 | |
Gross carrying amount, Land | 3,618 | |
Gross carrying amount, Building and improvements | 6,466 | |
Gross carrying amount, Total | 10,084 | |
Accumulated depreciation | 2,467 | |
Burbank / Thornton Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,061 | |
Building and improvements initial cost | 5,318 | |
Adjustments and costs subsequent to acquisition | 214 | |
Gross carrying amount, Land | 4,061 | |
Gross carrying amount, Building and improvements | 5,532 | |
Gross carrying amount, Total | 9,593 | |
Accumulated depreciation | 187 | |
Burlingame, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,327 | |
Land initial cost | 2,211 | |
Building and improvements initial cost | 5,829 | |
Adjustments and costs subsequent to acquisition | 131 | |
Gross carrying amount, Land | 2,211 | |
Gross carrying amount, Building and improvements | 5,960 | |
Gross carrying amount, Total | 8,171 | |
Accumulated depreciation | 586 | |
Carson, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 9,709 | |
Adjustments and costs subsequent to acquisition | 99 | |
Gross carrying amount, Building and improvements | 9,808 | |
Gross carrying amount, Total | 9,808 | |
Accumulated depreciation | 958 | |
Castro Valley, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 6,346 | |
Adjustments and costs subsequent to acquisition | 395 | |
Gross carrying amount, Building and improvements | 6,741 | |
Gross carrying amount, Total | 6,741 | |
Accumulated depreciation | 1,326 | |
Cerritos Ca [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 16,947 | |
Land initial cost | 8,728 | |
Building and improvements initial cost | 15,895 | |
Adjustments and costs subsequent to acquisition | 594 | |
Gross carrying amount, Land | 8,728 | |
Gross carrying amount, Building and improvements | 16,489 | |
Gross carrying amount, Total | 25,217 | |
Accumulated depreciation | 1,443 | |
Chatsworth, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,497 | |
Land initial cost | 9,922 | |
Building and improvements initial cost | 7,599 | |
Adjustments and costs subsequent to acquisition | 249 | |
Gross carrying amount, Land | 9,922 | |
Gross carrying amount, Building and improvements | 7,848 | |
Gross carrying amount, Total | 17,770 | |
Accumulated depreciation | 1,096 | |
Claremont / South Mills Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,949 | |
Land initial cost | 1,472 | |
Building and improvements initial cost | 2,012 | |
Adjustments and costs subsequent to acquisition | 262 | |
Gross carrying amount, Land | 1,472 | |
Gross carrying amount, Building and improvements | 2,274 | |
Gross carrying amount, Total | 3,746 | |
Accumulated depreciation | 691 | |
Claremont / W Arrow Hwy, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,375 | |
Building and improvements initial cost | 1,434 | |
Adjustments and costs subsequent to acquisition | 202 | |
Gross carrying amount, Land | 1,375 | |
Gross carrying amount, Building and improvements | 1,636 | |
Gross carrying amount, Total | 3,011 | |
Accumulated depreciation | 149 | |
Colma, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 22,769 | |
Land initial cost | 3,947 | |
Building and improvements initial cost | 22,002 | |
Adjustments and costs subsequent to acquisition | 2,290 | |
Gross carrying amount, Land | 3,947 | |
Gross carrying amount, Building and improvements | 24,292 | |
Gross carrying amount, Total | 28,239 | |
Accumulated depreciation | 5,290 | |
Compton, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,692 | |
Land initial cost | 1,426 | |
Building and improvements initial cost | 7,582 | |
Adjustments and costs subsequent to acquisition | 43 | |
Gross carrying amount, Land | 1,426 | |
Gross carrying amount, Building and improvements | 7,625 | |
Gross carrying amount, Total | 9,051 | |
Accumulated depreciation | 1,242 | |
Concord, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,082 | |
Building and improvements initial cost | 2,822 | |
Adjustments and costs subsequent to acquisition | 171 | |
Gross carrying amount, Land | 3,082 | |
Gross carrying amount, Building and improvements | 2,993 | |
Gross carrying amount, Total | 6,075 | |
Accumulated depreciation | 97 | |
El Cajon, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,100 | |
Building and improvements initial cost | 6,380 | |
Adjustments and costs subsequent to acquisition | 87 | |
Gross carrying amount, Land | 1,100 | |
Gross carrying amount, Building and improvements | 6,467 | |
Gross carrying amount, Total | 7,567 | |
Accumulated depreciation | 869 | |
El Sobrante, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,209 | |
Building and improvements initial cost | 4,018 | |
Adjustments and costs subsequent to acquisition | 1,572 | |
Gross carrying amount, Land | 1,209 | |
Gross carrying amount, Building and improvements | 5,590 | |
Gross carrying amount, Total | 6,799 | |
Accumulated depreciation | 1,352 | |
Elk Grove / Power Inn Rd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 894 | |
Building and improvements initial cost | 6,949 | |
Adjustments and costs subsequent to acquisition | 44 | |
Gross carrying amount, Land | 894 | |
Gross carrying amount, Building and improvements | 6,993 | |
Gross carrying amount, Total | 7,887 | |
Accumulated depreciation | 187 | |
Elk Grove / Stockton Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 640 | |
Building and improvements initial cost | 8,640 | |
Adjustments and costs subsequent to acquisition | 16 | |
Gross carrying amount, Land | 640 | |
Gross carrying amount, Building and improvements | 8,656 | |
Gross carrying amount, Total | 9,296 | |
Accumulated depreciation | 232 | |
Emeryville, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
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 | |
Gross carrying amount, Building and improvements | 11,481 | |
Gross carrying amount, Total | 14,505 | |
Accumulated depreciation | 1,364 | |
Fair Oaks, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,275 | |
Land initial cost | 644 | |
Building and improvements initial cost | 11,287 | |
Adjustments and costs subsequent to acquisition | 4 | |
Gross carrying amount, Land | 644 | |
Gross carrying amount, Building and improvements | 11,291 | |
Gross carrying amount, Total | 11,935 | |
Accumulated depreciation | 302 | |
Fontana / Valley Blvd 1, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,189 | |
Land initial cost | 961 | |
Building and improvements initial cost | 3,846 | |
Adjustments and costs subsequent to acquisition | 420 | |
Gross carrying amount, Land | 1,001 | |
Gross carrying amount, Building and improvements | 4,226 | |
Gross carrying amount, Total | 5,227 | |
Accumulated depreciation | 1,391 | |
Fontana / Valley Blvd 2, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,287 | |
Land initial cost | 1,246 | |
Building and improvements initial cost | 3,356 | |
Adjustments and costs subsequent to acquisition | 463 | |
Gross carrying amount, Land | 1,300 | |
Gross carrying amount, Building and improvements | 3,765 | |
Gross carrying amount, Total | 5,065 | |
Accumulated depreciation | 1,119 | |
Fontana / Foothill Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,914 | |
Land initial cost | 684 | |
Building and improvements initial cost | 3,951 | |
Adjustments and costs subsequent to acquisition | 216 | |
Gross carrying amount, Land | 684 | |
Gross carrying amount, Building and improvements | 4,167 | |
Gross carrying amount, Total | 4,851 | |
Accumulated depreciation | 360 | |
Fontana / Baseline Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 778 | |
Building and improvements initial cost | 4,723 | |
Adjustments and costs subsequent to acquisition | 129 | |
Gross carrying amount, Land | 777 | |
Gross carrying amount, Building and improvements | 4,853 | |
Gross carrying amount, Total | 5,630 | |
Accumulated depreciation | 430 | |
Fontana / Foothill Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 768 | |
Building and improvements initial cost | 4,208 | |
Adjustments and costs subsequent to acquisition | 173 | |
Gross carrying amount, Land | 768 | |
Gross carrying amount, Building and improvements | 4,381 | |
Gross carrying amount, Total | 5,149 | |
Accumulated depreciation | 380 | |
Gardena, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,710 | |
Building and improvements initial cost | 6,271 | |
Adjustments and costs subsequent to acquisition | 2,260 | |
Gross carrying amount, Land | 4,110 | |
Gross carrying amount, Building and improvements | 8,131 | |
Gross carrying amount, Total | 12,241 | |
Accumulated depreciation | 2,075 | |
Glendale, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 6,084 | |
Adjustments and costs subsequent to acquisition | 254 | |
Gross carrying amount, Building and improvements | 6,338 | |
Gross carrying amount, Total | 6,338 | |
Accumulated depreciation | 1,814 | |
Hawaiian Gardens, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,323 | |
Land initial cost | 2,964 | |
Building and improvements initial cost | 12,478 | |
Adjustments and costs subsequent to acquisition | 198 | |
Gross carrying amount, Land | 2,964 | |
Gross carrying amount, Building and improvements | 12,676 | |
Gross carrying amount, Total | 15,640 | |
Accumulated depreciation | 839 | |
Hawthorne, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,803 | |
Land initial cost | 1,532 | |
Building and improvements initial cost | 3,871 | |
Adjustments and costs subsequent to acquisition | 251 | |
Gross carrying amount, Land | 1,532 | |
Gross carrying amount, Building and improvements | 4,122 | |
Gross carrying amount, Total | 5,654 | |
Accumulated depreciation | 1,217 | |
Hayward, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,461 | |
Land initial cost | 3,149 | |
Building and improvements initial cost | 8,006 | |
Adjustments and costs subsequent to acquisition | 3,081 | |
Gross carrying amount, Land | 3,149 | |
Gross carrying amount, Building and improvements | 11,087 | |
Gross carrying amount, Total | 14,236 | |
Accumulated depreciation | 2,586 | |
Hemet, CA [Member]] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,967 | |
Land initial cost | 1,146 | |
Building and improvements initial cost | 6,369 | |
Adjustments and costs subsequent to acquisition | 319 | |
Gross carrying amount, Land | 1,146 | |
Gross carrying amount, Building and improvements | 6,688 | |
Gross carrying amount, Total | 7,834 | |
Accumulated depreciation | 1,742 | |
Hesperia, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 156 | |
Building and improvements initial cost | 430 | |
Adjustments and costs subsequent to acquisition | 149 | |
Gross carrying amount, Land | 156 | |
Gross carrying amount, Building and improvements | 579 | |
Gross carrying amount, Total | 735 | |
Accumulated depreciation | 76 | |
Hollywood, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,074 | |
Land initial cost | 4,555 | |
Building and improvements initial cost | 10,590 | |
Adjustments and costs subsequent to acquisition | 66 | |
Gross carrying amount, Land | 4,555 | |
Gross carrying amount, Building and improvements | 10,656 | |
Gross carrying amount, Total | 15,211 | |
Accumulated depreciation | 679 | |
Inglewood, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,396 | |
Land initial cost | 1,379 | |
Building and improvements initial cost | 3,343 | |
Adjustments and costs subsequent to acquisition | 963 | |
Gross carrying amount, Land | 1,529 | |
Gross carrying amount, Building and improvements | 4,156 | |
Gross carrying amount, Total | 5,685 | |
Accumulated depreciation | 1,683 | |
Irvine, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,989 | |
Land initial cost | 3,821 | |
Building and improvements initial cost | 3,999 | |
Adjustments and costs subsequent to acquisition | 88 | |
Gross carrying amount, Land | 3,821 | |
Gross carrying amount, Building and improvements | 4,087 | |
Gross carrying amount, Total | 7,908 | |
Accumulated depreciation | 354 | |
La Quinta, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 13,242 | |
Land initial cost | 4,706 | |
Building and improvements initial cost | 12,604 | |
Adjustments and costs subsequent to acquisition | 113 | |
Gross carrying amount, Land | 4,706 | |
Gross carrying amount, Building and improvements | 12,717 | |
Gross carrying amount, Total | 17,423 | |
Accumulated depreciation | 207 | |
Lake Elsinore / Central Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,224 | |
Land initial cost | 587 | |
Building and improvements initial cost | 4,219 | |
Adjustments and costs subsequent to acquisition | 228 | |
Gross carrying amount, Land | 587 | |
Gross carrying amount, Building and improvements | 4,447 | |
Gross carrying amount, Total | 5,034 | |
Accumulated depreciation | 378 | |
Lake Elsinore / Collier Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 294 | |
Building and improvements initial cost | 2,105 | |
Adjustments and costs subsequent to acquisition | 86 | |
Gross carrying amount, Land | 294 | |
Gross carrying amount, Building and improvements | 2,191 | |
Gross carrying amount, Total | 2,485 | |
Accumulated depreciation | 194 | |
Lancaster / West Ave J-8, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,627 | |
Land initial cost | 1,347 | |
Building and improvements initial cost | 5,827 | |
Adjustments and costs subsequent to acquisition | 283 | |
Gross carrying amount, Land | 1,347 | |
Gross carrying amount, Building and improvements | 6,110 | |
Gross carrying amount, Total | 7,457 | |
Accumulated depreciation | 1,440 | |
Lancaster / 23rd St W-, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,425 | |
Building and improvements initial cost | 5,855 | |
Adjustments and costs subsequent to acquisition | 98 | |
Gross carrying amount, Land | 1,425 | |
Gross carrying amount, Building and improvements | 5,953 | |
Gross carrying amount, Total | 7,378 | |
Accumulated depreciation | 781 | |
Livermore, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,134 | |
Building and improvements initial cost | 4,615 | |
Adjustments and costs subsequent to acquisition | 272 | |
Gross carrying amount, Land | 1,134 | |
Gross carrying amount, Building and improvements | 4,887 | |
Gross carrying amount, Total | 6,021 | |
Accumulated depreciation | 1,381 | |
Long Beach / E- Artesia Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,697 | |
Land initial cost | 1,772 | |
Building and improvements initial cost | 2,539 | |
Adjustments and costs subsequent to acquisition | 160 | |
Gross carrying amount, Land | 1,772 | |
Gross carrying amount, Building and improvements | 2,699 | |
Gross carrying amount, Total | 4,471 | |
Accumulated depreciation | 242 | |
Long Beach / W- Wardlow Rd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,811 | |
Land initial cost | 5,859 | |
Building and improvements initial cost | 4,992 | |
Adjustments and costs subsequent to acquisition | 12 | |
Gross carrying amount, Land | 5,859 | |
Gross carrying amount, Building and improvements | 5,004 | |
Gross carrying amount, Total | 10,863 | |
Accumulated depreciation | 775 | |
Los Angeles / Casitas Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,838 | |
Land initial cost | 1,431 | |
Building and improvements initial cost | 2,976 | |
Adjustments and costs subsequent to acquisition | 765 | |
Gross carrying amount, Land | 1,611 | |
Gross carrying amount, Building and improvements | 3,561 | |
Gross carrying amount, Total | 5,172 | |
Accumulated depreciation | 1,362 | |
Los Angeles / La Cienega , CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,079 | |
Land initial cost | 3,991 | |
Building and improvements initial cost | 9,774 | |
Adjustments and costs subsequent to acquisition | 89 | |
Gross carrying amount, Land | 3,991 | |
Gross carrying amount, Building and improvements | 9,863 | |
Gross carrying amount, Total | 13,854 | |
Accumulated depreciation | 1,790 | |
Los Angeles / S- Central Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,787 | |
Land initial cost | 2,200 | |
Building and improvements initial cost | 8,108 | |
Adjustments and costs subsequent to acquisition | 50 | |
Gross carrying amount, Land | 2,200 | |
Gross carrying amount, Building and improvements | 8,158 | |
Gross carrying amount, Total | 10,358 | |
Accumulated depreciation | 1,333 | |
Los Angeles / Fountain Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,138 | |
Land initial cost | 3,099 | |
Building and improvements initial cost | 4,889 | |
Adjustments and costs subsequent to acquisition | 73 | |
Gross carrying amount, Land | 3,099 | |
Gross carrying amount, Building and improvements | 4,962 | |
Gross carrying amount, Total | 8,061 | |
Accumulated depreciation | 320 | |
Los Angeles / S- Western Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 287 | |
Building and improvements initial cost | 2,011 | |
Adjustments and costs subsequent to acquisition | 186 | |
Gross carrying amount, Land | 287 | |
Gross carrying amount, Building and improvements | 2,197 | |
Gross carrying amount, Total | 2,484 | |
Accumulated depreciation | 58 | |
Los Angeles / Slauson Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,487 | |
Land initial cost | 2,400 | |
Building and improvements initial cost | 8,605 | |
Adjustments and costs subsequent to acquisition | 61 | |
Gross carrying amount, Land | 2,401 | |
Gross carrying amount, Building and improvements | 8,665 | |
Gross carrying amount, Total | 11,066 | |
Accumulated depreciation | 158 | |
Los Gatos, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,550 | |
Building and improvements initial cost | 8,257 | |
Adjustments and costs subsequent to acquisition | 59 | |
Gross carrying amount, Land | 2,550 | |
Gross carrying amount, Building and improvements | 8,316 | |
Gross carrying amount, Total | 10,866 | |
Accumulated depreciation | 618 | |
Manteca, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,625 | |
Land initial cost | 848 | |
Building and improvements initial cost | 2,543 | |
Adjustments and costs subsequent to acquisition | 171 | |
Gross carrying amount, Land | 848 | |
Gross carrying amount, Building and improvements | 2,714 | |
Gross carrying amount, Total | 3,562 | |
Accumulated depreciation | 796 | |
Marina Del Rey, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 17,245 | |
Land initial cost | 19,928 | |
Building and improvements initial cost | 18,742 | |
Adjustments and costs subsequent to acquisition | 48 | |
Gross carrying amount, Land | 19,928 | |
Gross carrying amount, Building and improvements | 18,790 | |
Gross carrying amount, Total | 38,718 | |
Accumulated depreciation | 2,105 | |
Menlo Park, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 7,675 | |
Building and improvements initial cost | 1,812 | |
Adjustments and costs subsequent to acquisition | 186 | |
Gross carrying amount, Land | 7,675 | |
Gross carrying amount, Building and improvements | 1,998 | |
Gross carrying amount, Total | 9,673 | |
Accumulated depreciation | 65 | |
Modesto / Crows Landing, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,153 | |
Land initial cost | 909 | |
Building and improvements initial cost | 3,043 | |
Adjustments and costs subsequent to acquisition | 287 | |
Gross carrying amount, Land | 909 | |
Gross carrying amount, Building and improvements | 3,330 | |
Gross carrying amount, Total | 4,239 | |
Accumulated depreciation | 748 | |
Modesto / Sylvan Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,647 | |
Building and improvements initial cost | 4,215 | |
Adjustments and costs subsequent to acquisition | 157 | |
Gross carrying amount, Land | 1,647 | |
Gross carrying amount, Building and improvements | 4,372 | |
Gross carrying amount, Total | 6,019 | |
Accumulated depreciation | 143 | |
Moreno Valley, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,084 | |
Land initial cost | 482 | |
Building and improvements initial cost | 3,484 | |
Adjustments and costs subsequent to acquisition | 40 | |
Gross carrying amount, Land | 482 | |
Gross carrying amount, Building and improvements | 3,524 | |
Gross carrying amount, Total | 4,006 | |
Accumulated depreciation | 226 | |
North Highlands, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,062 | |
Land initial cost | 799 | |
Building and improvements initial cost | 2,801 | |
Adjustments and costs subsequent to acquisition | 11 | |
Gross carrying amount, Land | 799 | |
Gross carrying amount, Building and improvements | 2,812 | |
Gross carrying amount, Total | 3,611 | |
Accumulated depreciation | 379 | |
North Hollywood / Van Owen, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,867 | |
Land initial cost | 3,125 | |
Building and improvements initial cost | 9,257 | |
Adjustments and costs subsequent to acquisition | 201 | |
Gross carrying amount, Land | 3,125 | |
Gross carrying amount, Building and improvements | 9,458 | |
Gross carrying amount, Total | 12,583 | |
Accumulated depreciation | 2,111 | |
North Hollywood / Coldwater Canyon, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,501 | |
Building and improvements initial cost | 4,465 | |
Adjustments and costs subsequent to acquisition | 302 | |
Gross carrying amount, Land | 4,501 | |
Gross carrying amount, Building and improvements | 4,767 | |
Gross carrying amount, Total | 9,268 | |
Accumulated depreciation | 160 | |
Northridge, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,641 | |
Building and improvements initial cost | 2,872 | |
Adjustments and costs subsequent to acquisition | 260 | |
Gross carrying amount, Land | 3,641 | |
Gross carrying amount, Building and improvements | 3,132 | |
Gross carrying amount, Total | 6,773 | |
Accumulated depreciation | 107 | |
Oakland / Fallon St, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,187 | |
Building and improvements initial cost | 3,777 | |
Adjustments and costs subsequent to acquisition | 1,037 | |
Gross carrying amount, Building and improvements | 4,814 | |
Gross carrying amount, Total | 4,814 | |
Accumulated depreciation | 1,906 | |
Oakland / 29th Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 6,359 | |
Building and improvements initial cost | 5,753 | |
Adjustments and costs subsequent to acquisition | 257 | |
Gross carrying amount, Land | 6,359 | |
Gross carrying amount, Building and improvements | 6,010 | |
Gross carrying amount, Total | 12,369 | |
Accumulated depreciation | 200 | |
Oakland / San Leandro St, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,668 | |
Building and improvements initial cost | 7,652 | |
Adjustments and costs subsequent to acquisition | 123 | |
Gross carrying amount, Land | 1,668 | |
Gross carrying amount, Building and improvements | 7,775 | |
Gross carrying amount, Total | 9,443 | |
Accumulated depreciation | 210 | |
Oceanside / Oceanside Blvd 1, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,091 | |
Land initial cost | 3,241 | |
Building and improvements initial cost | 11,361 | |
Adjustments and costs subsequent to acquisition | 872 | |
Gross carrying amount, Land | 3,241 | |
Gross carrying amount, Building and improvements | 12,233 | |
Gross carrying amount, Total | 15,474 | |
Accumulated depreciation | 3,235 | |
Oceanside / Oceanside Blvd 2, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,508 | |
Building and improvements initial cost | 4,599 | |
Gross carrying amount, Land | 4,508 | |
Gross carrying amount, Building and improvements | 4,599 | |
Gross carrying amount, Total | 9,107 | |
Orange, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 12,392 | |
Land initial cost | 4,847 | |
Building and improvements initial cost | 12,341 | |
Adjustments and costs subsequent to acquisition | 227 | |
Gross carrying amount, Land | 4,847 | |
Gross carrying amount, Building and improvements | 12,568 | |
Gross carrying amount, Total | 17,415 | |
Accumulated depreciation | 699 | |
Oxnard, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 5,421 | |
Building and improvements initial cost | 6,761 | |
Adjustments and costs subsequent to acquisition | 77 | |
Gross carrying amount, Land | 5,421 | |
Gross carrying amount, Building and improvements | 6,838 | |
Gross carrying amount, Total | 12,259 | |
Accumulated depreciation | 183 | |
Pacoima, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,211 | |
Land initial cost | 3,050 | |
Building and improvements initial cost | 7,597 | |
Adjustments and costs subsequent to acquisition | 94 | |
Gross carrying amount, Land | 3,050 | |
Gross carrying amount, Building and improvements | 7,691 | |
Gross carrying amount, Total | 10,741 | |
Accumulated depreciation | 1,057 | |
Palmdale, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,746 | |
Land initial cost | 1,225 | |
Building and improvements initial cost | 5,379 | |
Adjustments and costs subsequent to acquisition | 2,229 | |
Gross carrying amount, Land | 1,225 | |
Gross carrying amount, Building and improvements | 7,608 | |
Gross carrying amount, Total | 8,833 | |
Accumulated depreciation | 1,938 | |
Paramount, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,596 | |
Land initial cost | 1,404 | |
Building and improvements initial cost | 2,549 | |
Adjustments and costs subsequent to acquisition | 159 | |
Gross carrying amount, Land | 1,404 | |
Gross carrying amount, Building and improvements | 2,708 | |
Gross carrying amount, Total | 4,112 | |
Accumulated depreciation | 246 | |
Pico Rivera / Beverly Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,073 | |
Land initial cost | 1,150 | |
Building and improvements initial cost | 3,450 | |
Adjustments and costs subsequent to acquisition | 185 | |
Gross carrying amount, Land | 1,150 | |
Gross carrying amount, Building and improvements | 3,635 | |
Gross carrying amount, Total | 4,785 | |
Accumulated depreciation | 1,265 | |
Pico Rivera / San Gabriel River Pkwy, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,150 | |
Building and improvements initial cost | 4,734 | |
Gross carrying amount, Land | 2,150 | |
Gross carrying amount, Building and improvements | 4,734 | |
Gross carrying amount, Total | 6,884 | |
Accumulated depreciation | 96 | |
Placentia CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,743 | |
Land initial cost | 4,798 | |
Building and improvements initial cost | 5,483 | |
Adjustments and costs subsequent to acquisition | 225 | |
Gross carrying amount, Land | 4,798 | |
Gross carrying amount, Building and improvements | 5,708 | |
Gross carrying amount, Total | 10,506 | |
Accumulated depreciation | 492 | |
Pleasanton, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,955 | |
Land initial cost | 1,208 | |
Building and improvements initial cost | 4,283 | |
Adjustments and costs subsequent to acquisition | 431 | |
Gross carrying amount, Land | 1,208 | |
Gross carrying amount, Building and improvements | 4,714 | |
Gross carrying amount, Total | 5,922 | |
Accumulated depreciation | 1,134 | |
Richmond / Lakeside Dr, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,872 | |
Land initial cost | 953 | |
Building and improvements initial cost | 4,635 | |
Adjustments and costs subsequent to acquisition | 613 | |
Gross carrying amount, Land | 953 | |
Gross carrying amount, Building and improvements | 5,248 | |
Gross carrying amount, Total | 6,201 | |
Accumulated depreciation | 1,579 | |
Richmond / Meeker Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,139 | |
Building and improvements initial cost | 7,437 | |
Adjustments and costs subsequent to acquisition | 213 | |
Gross carrying amount, Land | 3,139 | |
Gross carrying amount, Building and improvements | 7,650 | |
Gross carrying amount, Total | 10,789 | |
Accumulated depreciation | 250 | |
Riverside, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,075 | |
Building and improvements initial cost | 4,042 | |
Adjustments and costs subsequent to acquisition | 544 | |
Gross carrying amount, Land | 1,075 | |
Gross carrying amount, Building and improvements | 4,586 | |
Gross carrying amount, Total | 5,661 | |
Accumulated depreciation | 1,363 | |
Rocklin, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,745 | |
Building and improvements initial cost | 8,005 | |
Adjustments and costs subsequent to acquisition | 42 | |
Gross carrying amount, Land | 1,745 | |
Gross carrying amount, Building and improvements | 8,047 | |
Gross carrying amount, Total | 9,792 | |
Accumulated depreciation | 214 | |
Rohnert Park, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 990 | |
Building and improvements initial cost | 8,094 | |
Adjustments and costs subsequent to acquisition | 50 | |
Gross carrying amount, Land | 990 | |
Gross carrying amount, Building and improvements | 8,144 | |
Gross carrying amount, Total | 9,134 | |
Accumulated depreciation | 235 | |
Sacramento / Auburn Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,936 | |
Land initial cost | 852 | |
Building and improvements initial cost | 4,720 | |
Adjustments and costs subsequent to acquisition | 519 | |
Gross carrying amount, Land | 852 | |
Gross carrying amount, Building and improvements | 5,239 | |
Gross carrying amount, Total | 6,091 | |
Accumulated depreciation | 1,444 | |
Sacramento / Stockton Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,886 | |
Land initial cost | 952 | |
Building and improvements initial cost | 6,936 | |
Adjustments and costs subsequent to acquisition | 447 | |
Gross carrying amount, Land | 1,075 | |
Gross carrying amount, Building and improvements | 7,260 | |
Gross carrying amount, Total | 8,335 | |
Accumulated depreciation | 803 | |
Sacramento / Franklin Blvd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,035 | |
Land initial cost | 1,738 | |
Building and improvements initial cost | 5,522 | |
Adjustments and costs subsequent to acquisition | 117 | |
Gross carrying amount, Land | 1,844 | |
Gross carrying amount, Building and improvements | 5,533 | |
Gross carrying amount, Total | 7,377 | |
Accumulated depreciation | 618 | |
San Bernardino / W Club Center Dr, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,213 | |
Building and improvements initial cost | 3,061 | |
Adjustments and costs subsequent to acquisition | 135 | |
Gross carrying amount, Land | 1,173 | |
Gross carrying amount, Building and improvements | 3,236 | |
Gross carrying amount, Total | 4,409 | |
Accumulated depreciation | 932 | |
San Bernardino / Sterling Ave., CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 750 | |
Building and improvements initial cost | 5,135 | |
Adjustments and costs subsequent to acquisition | 109 | |
Gross carrying amount, Land | 750 | |
Gross carrying amount, Building and improvements | 5,244 | |
Gross carrying amount, Total | 5,994 | |
Accumulated depreciation | 1,114 | |
San Diego, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 5,919 | |
Building and improvements initial cost | 6,729 | |
Adjustments and costs subsequent to acquisition | 300 | |
Gross carrying amount, Land | 5,919 | |
Gross carrying amount, Building and improvements | 7,029 | |
Gross carrying amount, Total | 12,948 | |
Accumulated depreciation | 234 | |
San Dimas, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,394 | |
Land initial cost | 1,867 | |
Building and improvements initial cost | 6,354 | |
Adjustments and costs subsequent to acquisition | 173 | |
Gross carrying amount, Land | 1,867 | |
Gross carrying amount, Building and improvements | 6,527 | |
Gross carrying amount, Total | 8,394 | |
Accumulated depreciation | 559 | |
San Francisco / Folsom, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 12,203 | |
Land initial cost | 8,457 | |
Building and improvements initial cost | 9,928 | |
Adjustments and costs subsequent to acquisition | 1,806 | |
Gross carrying amount, Land | 8,457 | |
Gross carrying amount, Building and improvements | 11,734 | |
Gross carrying amount, Total | 20,191 | |
Accumulated depreciation | 2,746 | |
San Francisco / Egbert Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 5,098 | |
Building and improvements initial cost | 4,054 | |
Adjustments and costs subsequent to acquisition | 253 | |
Gross carrying amount, Land | 5,098 | |
Gross carrying amount, Building and improvements | 4,307 | |
Gross carrying amount, Total | 9,405 | |
Accumulated depreciation | 140 | |
San Jose / N 10th St, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,784 | |
Land initial cost | 5,340 | |
Building and improvements initial cost | 6,821 | |
Adjustments and costs subsequent to acquisition | 250 | |
Gross carrying amount, Land | 5,340 | |
Gross carrying amount, Building and improvements | 7,071 | |
Gross carrying amount, Total | 12,411 | |
Accumulated depreciation | 943 | |
San Jose / Charter Park Dr, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,455 | |
Land initial cost | 2,428 | |
Building and improvements initial cost | 2,323 | |
Adjustments and costs subsequent to acquisition | 228 | |
Gross carrying amount, Land | 2,428 | |
Gross carrying amount, Building and improvements | 2,551 | |
Gross carrying amount, Total | 4,979 | |
Accumulated depreciation | 182 | |
San Leandro / Doolittle Dr, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 14,454 | |
Land initial cost | 4,601 | |
Building and improvements initial cost | 9,777 | |
Adjustments and costs subsequent to acquisition | 3,486 | |
Gross carrying amount, Land | 4,601 | |
Gross carrying amount, Building and improvements | 13,263 | |
Gross carrying amount, Total | 17,864 | |
Accumulated depreciation | 2,870 | |
San Leandro Washington Ave CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,343 | |
Building and improvements initial cost | 6,630 | |
Adjustments and costs subsequent to acquisition | -73 | |
Gross carrying amount, Land | 3,291 | |
Gross carrying amount, Building and improvements | 6,609 | |
Gross carrying amount, Total | 9,900 | |
Accumulated depreciation | 729 | |
San Ramon, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,819 | |
Building and improvements initial cost | 5,819 | |
Adjustments and costs subsequent to acquisition | 197 | |
Gross carrying amount, Land | 4,819 | |
Gross carrying amount, Building and improvements | 6,016 | |
Gross carrying amount, Total | 10,835 | |
Accumulated depreciation | 195 | |
Santa Ana, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,485 | |
Building and improvements initial cost | 2,382 | |
Adjustments and costs subsequent to acquisition | 197 | |
Gross carrying amount, Land | 3,485 | |
Gross carrying amount, Building and improvements | 2,579 | |
Gross carrying amount, Total | 6,064 | |
Accumulated depreciation | 87 | |
Santa Clara, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,082 | |
Land initial cost | 4,750 | |
Building and improvements initial cost | 8,218 | |
Adjustments and costs subsequent to acquisition | 32 | |
Gross carrying amount, Land | 4,750 | |
Gross carrying amount, Building and improvements | 8,250 | |
Gross carrying amount, Total | 13,000 | |
Accumulated depreciation | 1,130 | |
Santa Cruz, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,596 | |
Land initial cost | 1,588 | |
Building and improvements initial cost | 11,160 | |
Adjustments and costs subsequent to acquisition | 71 | |
Gross carrying amount, Land | 1,588 | |
Gross carrying amount, Building and improvements | 11,231 | |
Gross carrying amount, Total | 12,819 | |
Accumulated depreciation | 713 | |
Santa Fe Springs, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,467 | |
Land initial cost | 3,617 | |
Building and improvements initial cost | 7,022 | |
Adjustments and costs subsequent to acquisition | 318 | |
Gross carrying amount, Land | 3,617 | |
Gross carrying amount, Building and improvements | 7,340 | |
Gross carrying amount, Total | 10,957 | |
Accumulated depreciation | 1,505 | |
Santa Maria / Farnel Rd, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,944 | |
Land initial cost | 1,556 | |
Building and improvements initial cost | 2,740 | |
Adjustments and costs subsequent to acquisition | 292 | |
Gross carrying amount, Land | 1,556 | |
Gross carrying amount, Building and improvements | 3,032 | |
Gross carrying amount, Total | 4,588 | |
Accumulated depreciation | 278 | |
Santa Maria / Skyway Dr, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,186 | |
Land initial cost | 1,310 | |
Building and improvements initial cost | 3,526 | |
Adjustments and costs subsequent to acquisition | 107 | |
Gross carrying amount, Land | 1,309 | |
Gross carrying amount, Building and improvements | 3,634 | |
Gross carrying amount, Total | 4,943 | |
Accumulated depreciation | 310 | |
Sherman Oaks, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 16,513 | |
Land initial cost | 4,051 | |
Building and improvements initial cost | 12,152 | |
Adjustments and costs subsequent to acquisition | 469 | |
Gross carrying amount, Land | 4,051 | |
Gross carrying amount, Building and improvements | 12,621 | |
Gross carrying amount, Total | 16,672 | |
Accumulated depreciation | 3,398 | |
Simi Valley, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 5,533 | |
Adjustments and costs subsequent to acquisition | -5,533 | |
Stanton, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 5,022 | |
Building and improvements initial cost | 2,267 | |
Adjustments and costs subsequent to acquisition | 219 | |
Gross carrying amount, Land | 5,022 | |
Gross carrying amount, Building and improvements | 2,486 | |
Gross carrying amount, Total | 7,508 | |
Accumulated depreciation | 89 | |
Stockton / Jamestown, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,436 | |
Land initial cost | 649 | |
Building and improvements initial cost | 3,272 | |
Adjustments and costs subsequent to acquisition | 241 | |
Gross carrying amount, Land | 649 | |
Gross carrying amount, Building and improvements | 3,513 | |
Gross carrying amount, Total | 4,162 | |
Accumulated depreciation | 1,168 | |
Stockton / Pacific Ave, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,619 | |
Building and improvements initial cost | 2,443 | |
Adjustments and costs subsequent to acquisition | 63 | |
Gross carrying amount, Land | 3,619 | |
Gross carrying amount, Building and improvements | 2,506 | |
Gross carrying amount, Total | 6,125 | |
Accumulated depreciation | 68 | |
Sunland, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,039 | |
Land initial cost | 1,688 | |
Building and improvements initial cost | 6,381 | |
Adjustments and costs subsequent to acquisition | 37 | |
Gross carrying amount, Land | 1,688 | |
Gross carrying amount, Building and improvements | 6,418 | |
Gross carrying amount, Total | 8,106 | |
Accumulated depreciation | 117 | |
Sunnyvale, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 10,732 | |
Building and improvements initial cost | 5,004 | |
Adjustments and costs subsequent to acquisition | 193 | |
Gross carrying amount, Land | 10,732 | |
Gross carrying amount, Building and improvements | 5,197 | |
Gross carrying amount, Total | 15,929 | |
Accumulated depreciation | 172 | |
Sylmar, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,058 | |
Building and improvements initial cost | 4,671 | |
Adjustments and costs subsequent to acquisition | 255 | |
Gross carrying amount, Land | 3,058 | |
Gross carrying amount, Building and improvements | 4,926 | |
Gross carrying amount, Total | 7,984 | |
Accumulated depreciation | 973 | |
Thousand Oaks, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,500 | |
Adjustments and costs subsequent to acquisition | -1,000 | |
Gross carrying amount, Land | 3,500 | |
Gross carrying amount, Total | 3,500 | |
Tracy / E 11th St 1, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,035 | |
Land initial cost | 778 | |
Building and improvements initial cost | 2,638 | |
Adjustments and costs subsequent to acquisition | 779 | |
Gross carrying amount, Land | 911 | |
Gross carrying amount, Building and improvements | 3,284 | |
Gross carrying amount, Total | 4,195 | |
Accumulated depreciation | 997 | |
Tracy / E 11th St 2, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,101 | |
Land initial cost | 946 | |
Building and improvements initial cost | 1,937 | |
Adjustments and costs subsequent to acquisition | 280 | |
Gross carrying amount, Land | 946 | |
Gross carrying amount, Building and improvements | 2,217 | |
Gross carrying amount, Total | 3,163 | |
Accumulated depreciation | 733 | |
Vallejo, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,934 | |
Land initial cost | 1,177 | |
Building and improvements initial cost | 2,157 | |
Adjustments and costs subsequent to acquisition | 1,075 | |
Gross carrying amount, Land | 1,177 | |
Gross carrying amount, Building and improvements | 3,232 | |
Gross carrying amount, Total | 4,409 | |
Accumulated depreciation | 928 | |
Van Nuys, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 7,939 | |
Building and improvements initial cost | 2,576 | |
Adjustments and costs subsequent to acquisition | 335 | |
Gross carrying amount, Land | 7,939 | |
Gross carrying amount, Building and improvements | 2,911 | |
Gross carrying amount, Total | 10,850 | |
Accumulated depreciation | 98 | |
Venice, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,803 | |
Building and improvements initial cost | 8,410 | |
Adjustments and costs subsequent to acquisition | -3,057 | |
Gross carrying amount, Land | 2,803 | |
Gross carrying amount, Building and improvements | 5,353 | |
Gross carrying amount, Total | 8,156 | |
Accumulated depreciation | 1,442 | |
Ventura, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,453 | |
Building and improvements initial cost | 2,837 | |
Adjustments and costs subsequent to acquisition | 188 | |
Gross carrying amount, Land | 3,453 | |
Gross carrying amount, Building and improvements | 3,025 | |
Gross carrying amount, Total | 6,478 | |
Accumulated depreciation | 107 | |
Victorville, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 151 | |
Building and improvements initial cost | 751 | |
Adjustments and costs subsequent to acquisition | 155 | |
Gross carrying amount, Land | 151 | |
Gross carrying amount, Building and improvements | 906 | |
Gross carrying amount, Total | 1,057 | |
Accumulated depreciation | 94 | |
Watsonville, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,187 | |
Land initial cost | 1,699 | |
Building and improvements initial cost | 3,056 | |
Adjustments and costs subsequent to acquisition | 252 | |
Gross carrying amount, Land | 1,699 | |
Gross carrying amount, Building and improvements | 3,308 | |
Gross carrying amount, Total | 5,007 | |
Accumulated depreciation | 895 | |
West Sacramento, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,400 | |
Building and improvements initial cost | 7,425 | |
Adjustments and costs subsequent to acquisition | 97 | |
Gross carrying amount, Land | 2,400 | |
Gross carrying amount, Building and improvements | 7,522 | |
Gross carrying amount, Total | 9,922 | |
Accumulated depreciation | 1,030 | |
Whittier, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,328 | |
Building and improvements initial cost | 2,985 | |
Adjustments and costs subsequent to acquisition | 186 | |
Gross carrying amount, Building and improvements | 3,171 | |
Gross carrying amount, Total | 3,171 | |
Accumulated depreciation | 1,048 | |
Wilmington, CA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 6,792 | |
Building and improvements initial cost | 10,726 | |
Adjustments and costs subsequent to acquisition | 17 | |
Gross carrying amount, Land | 6,792 | |
Gross carrying amount, Building and improvements | 10,743 | |
Gross carrying amount, Total | 17,535 | |
Accumulated depreciation | 357 | |
Arvada, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,808 | |
Land initial cost | 286 | |
Building and improvements initial cost | 1,521 | |
Adjustments and costs subsequent to acquisition | 683 | |
Gross carrying amount, Land | 286 | |
Gross carrying amount, Building and improvements | 2,204 | |
Gross carrying amount, Total | 2,490 | |
Accumulated depreciation | 1,008 | |
Castle Rock, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,091 | |
Land initial cost | 407 | |
Building and improvements initial cost | 3,077 | |
Adjustments and costs subsequent to acquisition | 183 | |
Gross carrying amount, Land | 407 | |
Gross carrying amount, Building and improvements | 3,260 | |
Gross carrying amount, Total | 3,667 | |
Accumulated depreciation | 327 | |
Colorado Springs / Dublin Blvd, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,811 | |
Land initial cost | 781 | |
Building and improvements initial cost | 3,400 | |
Adjustments and costs subsequent to acquisition | 255 | |
Gross carrying amount, Land | 781 | |
Gross carrying amount, Building and improvements | 3,655 | |
Gross carrying amount, Total | 4,436 | |
Accumulated depreciation | 788 | |
Colorado Springs / S 8th St, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,123 | |
Land initial cost | 1,525 | |
Building and improvements initial cost | 4,310 | |
Adjustments and costs subsequent to acquisition | 304 | |
Gross carrying amount, Land | 1,525 | |
Gross carrying amount, Building and improvements | 4,614 | |
Gross carrying amount, Total | 6,139 | |
Accumulated depreciation | 809 | |
Colorado Springs / Austin Bluffs Pkwy, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,726 | |
Land initial cost | 296 | |
Building and improvements initial cost | 4,199 | |
Adjustments and costs subsequent to acquisition | 261 | |
Gross carrying amount, Land | 296 | |
Gross carrying amount, Building and improvements | 4,460 | |
Gross carrying amount, Total | 4,756 | |
Accumulated depreciation | 451 | |
Colorado Springs / Stetson Hills Blvd, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,077 | |
Building and improvements initial cost | 4,087 | |
Adjustments and costs subsequent to acquisition | 32 | |
Gross carrying amount, Land | 2,077 | |
Gross carrying amount, Building and improvements | 4,119 | |
Gross carrying amount, Total | 6,196 | |
Denver / E 40th Ave, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,559 | |
Land initial cost | 602 | |
Building and improvements initial cost | 2,052 | |
Adjustments and costs subsequent to acquisition | 1,369 | |
Gross carrying amount, Land | 745 | |
Gross carrying amount, Building and improvements | 3,278 | |
Gross carrying amount, Total | 4,023 | |
Accumulated depreciation | 1,283 | |
Denver / W 96th Ave, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,659 | |
Land initial cost | 368 | |
Building and improvements initial cost | 1,574 | |
Adjustments and costs subsequent to acquisition | 262 | |
Gross carrying amount, Land | 368 | |
Gross carrying amount, Building and improvements | 1,836 | |
Gross carrying amount, Total | 2,204 | |
Accumulated depreciation | 546 | |
Fort Carson, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 6,945 | |
Adjustments and costs subsequent to acquisition | 99 | |
Gross carrying amount, Building and improvements | 7,044 | |
Gross carrying amount, Total | 7,044 | |
Accumulated depreciation | 452 | |
Parker, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,822 | |
Land initial cost | 800 | |
Building and improvements initial cost | 4,549 | |
Adjustments and costs subsequent to acquisition | 780 | |
Gross carrying amount, Land | 800 | |
Gross carrying amount, Building and improvements | 5,329 | |
Gross carrying amount, Total | 6,129 | |
Accumulated depreciation | 1,330 | |
Thornton, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,804 | |
Land initial cost | 212 | |
Building and improvements initial cost | 2,044 | |
Adjustments and costs subsequent to acquisition | 1,141 | |
Gross carrying amount, Land | 248 | |
Gross carrying amount, Building and improvements | 3,149 | |
Gross carrying amount, Total | 3,397 | |
Accumulated depreciation | 1,303 | |
Westminster, CO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,115 | |
Land initial cost | 291 | |
Building and improvements initial cost | 1,586 | |
Adjustments and costs subsequent to acquisition | 1,081 | |
Gross carrying amount, Land | 299 | |
Gross carrying amount, Building and improvements | 2,659 | |
Gross carrying amount, Total | 2,958 | |
Accumulated depreciation | 1,241 | |
Bridgeport, CT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,072 | |
Building and improvements initial cost | 14,028 | |
Adjustments and costs subsequent to acquisition | 107 | |
Gross carrying amount, Land | 1,072 | |
Gross carrying amount, Building and improvements | 14,135 | |
Gross carrying amount, Total | 15,207 | |
Accumulated depreciation | 286 | |
Brookfield, CT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,099 | |
Land initial cost | 991 | |
Building and improvements initial cost | 7,891 | |
Adjustments and costs subsequent to acquisition | 119 | |
Gross carrying amount, Land | 991 | |
Gross carrying amount, Building and improvements | 8,010 | |
Gross carrying amount, Total | 9,001 | |
Accumulated depreciation | 522 | |
Groton, CT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,277 | |
Building and improvements initial cost | 3,992 | |
Adjustments and costs subsequent to acquisition | 406 | |
Gross carrying amount, Land | 1,277 | |
Gross carrying amount, Building and improvements | 4,398 | |
Gross carrying amount, Total | 5,675 | |
Accumulated depreciation | 1,420 | |
Middletown, CT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,789 | |
Land initial cost | 932 | |
Building and improvements initial cost | 2,810 | |
Adjustments and costs subsequent to acquisition | 195 | |
Gross carrying amount, Land | 932 | |
Gross carrying amount, Building and improvements | 3,005 | |
Gross carrying amount, Total | 3,937 | |
Accumulated depreciation | 576 | |
Newington, CT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,363 | |
Building and improvements initial cost | 2,978 | |
Adjustments and costs subsequent to acquisition | 407 | |
Gross carrying amount, Land | 1,363 | |
Gross carrying amount, Building and improvements | 3,385 | |
Gross carrying amount, Total | 4,748 | |
Accumulated depreciation | 94 | |
Wethersfield, CT [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,069 | |
Land initial cost | 709 | |
Building and improvements initial cost | 4,205 | |
Adjustments and costs subsequent to acquisition | 227 | |
Gross carrying amount, Land | 709 | |
Gross carrying amount, Building and improvements | 4,432 | |
Gross carrying amount, Total | 5,141 | |
Accumulated depreciation | 1,451 | |
Auburndale, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,271 | |
Land initial cost | 470 | |
Building and improvements initial cost | 1,076 | |
Adjustments and costs subsequent to acquisition | 142 | |
Gross carrying amount, Land | 470 | |
Gross carrying amount, Building and improvements | 1,218 | |
Gross carrying amount, Total | 1,688 | |
Accumulated depreciation | 98 | |
Bonita Springs, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,198 | |
Building and improvements initial cost | 8,215 | |
Adjustments and costs subsequent to acquisition | 107 | |
Gross carrying amount, Land | 2,198 | |
Gross carrying amount, Building and improvements | 8,322 | |
Gross carrying amount, Total | 10,520 | |
Accumulated depreciation | 1,128 | |
Bradenton, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,333 | |
Building and improvements initial cost | 3,677 | |
Gross carrying amount, Land | 1,333 | |
Gross carrying amount, Building and improvements | 3,677 | |
Gross carrying amount, Total | 5,010 | |
Brandon, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,609 | |
Land initial cost | 1,327 | |
Building and improvements initial cost | 5,656 | |
Adjustments and costs subsequent to acquisition | 128 | |
Gross carrying amount, Land | 1,327 | |
Gross carrying amount, Building and improvements | 5,784 | |
Gross carrying amount, Total | 7,111 | |
Accumulated depreciation | 327 | |
Coral Springs, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,288 | |
Land initial cost | 3,638 | |
Building and improvements initial cost | 6,590 | |
Adjustments and costs subsequent to acquisition | 274 | |
Gross carrying amount, Land | 3,638 | |
Gross carrying amount, Building and improvements | 6,864 | |
Gross carrying amount, Total | 10,502 | |
Accumulated depreciation | 1,275 | |
Deland, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,780 | |
Land initial cost | 1,318 | |
Building and improvements initial cost | 3,971 | |
Adjustments and costs subsequent to acquisition | 303 | |
Gross carrying amount, Land | 1,318 | |
Gross carrying amount, Building and improvements | 4,274 | |
Gross carrying amount, Total | 5,592 | |
Accumulated depreciation | 1,038 | |
Fort Lauderdale / NW 31st Ave, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,587 | |
Building and improvements initial cost | 4,205 | |
Adjustments and costs subsequent to acquisition | 353 | |
Gross carrying amount, Land | 1,587 | |
Gross carrying amount, Building and improvements | 4,558 | |
Gross carrying amount, Total | 6,145 | |
Accumulated depreciation | 1,333 | |
Fort Lauderdale / S State Rd 7, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,046 | |
Land initial cost | 2,750 | |
Building and improvements initial cost | 7,002 | |
Adjustments and costs subsequent to acquisition | 561 | |
Gross carrying amount, Land | 2,750 | |
Gross carrying amount, Building and improvements | 7,563 | |
Gross carrying amount, Total | 10,313 | |
Accumulated depreciation | 749 | |
Fort Lauderdale / Commercial Blvd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,094 | |
Land initial cost | 1,576 | |
Building and improvements initial cost | 5,397 | |
Adjustments and costs subsequent to acquisition | 275 | |
Gross carrying amount, Land | 1,576 | |
Gross carrying amount, Building and improvements | 5,672 | |
Gross carrying amount, Total | 7,248 | |
Accumulated depreciation | 319 | |
Fort Myers / Cypress Lake Dr, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,776 | |
Land initial cost | 1,691 | |
Building and improvements initial cost | 4,711 | |
Adjustments and costs subsequent to acquisition | 320 | |
Gross carrying amount, Land | 1,691 | |
Gross carrying amount, Building and improvements | 5,031 | |
Gross carrying amount, Total | 6,722 | |
Accumulated depreciation | 1,436 | |
Fort Myers / San Carlos Blvd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,124 | |
Land initial cost | 1,985 | |
Building and improvements initial cost | 4,983 | |
Adjustments and costs subsequent to acquisition | 479 | |
Gross carrying amount, Land | 1,985 | |
Gross carrying amount, Building and improvements | 5,462 | |
Gross carrying amount, Total | 7,447 | |
Accumulated depreciation | 1,510 | |
Greenacres, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,575 | |
Land initial cost | 1,463 | |
Building and improvements initial cost | 3,244 | |
Adjustments and costs subsequent to acquisition | 146 | |
Gross carrying amount, Land | 1,463 | |
Gross carrying amount, Building and improvements | 3,390 | |
Gross carrying amount, Total | 4,853 | |
Accumulated depreciation | 915 | |
Hialeah / Okeechobee Rd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,800 | |
Building and improvements initial cost | 7,588 | |
Adjustments and costs subsequent to acquisition | 127 | |
Gross carrying amount, Land | 2,800 | |
Gross carrying amount, Building and improvements | 7,715 | |
Gross carrying amount, Total | 10,515 | |
Accumulated depreciation | 1,278 | |
Hialeah / E 65th Street, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,750 | |
Building and improvements initial cost | 7,150 | |
Adjustments and costs subsequent to acquisition | 105 | |
Gross carrying amount, Land | 1,750 | |
Gross carrying amount, Building and improvements | 7,255 | |
Gross carrying amount, Total | 9,005 | |
Accumulated depreciation | 933 | |
Hialeah / W 84th St, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,678 | |
Building and improvements initial cost | 6,807 | |
Adjustments and costs subsequent to acquisition | 75 | |
Gross carrying amount, Land | 1,678 | |
Gross carrying amount, Building and improvements | 6,882 | |
Gross carrying amount, Total | 8,560 | |
Accumulated depreciation | 761 | |
Hollywood, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,741 | |
Land initial cost | 3,214 | |
Building and improvements initial cost | 8,689 | |
Adjustments and costs subsequent to acquisition | 326 | |
Gross carrying amount, Land | 3,214 | |
Gross carrying amount, Building and improvements | 9,015 | |
Gross carrying amount, Total | 12,229 | |
Accumulated depreciation | 1,762 | |
Kenneth City, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,389 | |
Land initial cost | 805 | |
Building and improvements initial cost | 3,345 | |
Adjustments and costs subsequent to acquisition | 41 | |
Gross carrying amount, Land | 805 | |
Gross carrying amount, Building and improvements | 3,386 | |
Gross carrying amount, Total | 4,191 | |
Accumulated depreciation | 182 | |
Lakeland / Harden Blvd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,847 | |
Land initial cost | 593 | |
Building and improvements initial cost | 4,701 | |
Adjustments and costs subsequent to acquisition | 168 | |
Gross carrying amount, Land | 593 | |
Gross carrying amount, Building and improvements | 4,869 | |
Gross carrying amount, Total | 5,462 | |
Accumulated depreciation | 370 | |
Lakeland / South Florida Ave, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,526 | |
Land initial cost | 871 | |
Building and improvements initial cost | 6,905 | |
Adjustments and costs subsequent to acquisition | 211 | |
Gross carrying amount, Land | 871 | |
Gross carrying amount, Building and improvements | 7,116 | |
Gross carrying amount, Total | 7,987 | |
Accumulated depreciation | 508 | |
Lakeland / US Hwy 98, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 529 | |
Building and improvements initial cost | 3,604 | |
Adjustments and costs subsequent to acquisition | 55 | |
Gross carrying amount, Land | 529 | |
Gross carrying amount, Building and improvements | 3,659 | |
Gross carrying amount, Total | 4,188 | |
Accumulated depreciation | 28 | |
Land O Lakes, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 798 | |
Building and improvements initial cost | 4,490 | |
Adjustments and costs subsequent to acquisition | -7 | |
Gross carrying amount, Land | 799 | |
Gross carrying amount, Building and improvements | 4,482 | |
Gross carrying amount, Total | 5,281 | |
Accumulated depreciation | 246 | |
Madeira Beach, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,695 | |
Land initial cost | 1,686 | |
Building and improvements initial cost | 5,163 | |
Adjustments and costs subsequent to acquisition | 248 | |
Gross carrying amount, Land | 1,686 | |
Gross carrying amount, Building and improvements | 5,411 | |
Gross carrying amount, Total | 7,097 | |
Accumulated depreciation | 1,517 | |
Margate, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,329 | |
Land initial cost | 430 | |
Building and improvements initial cost | 3,139 | |
Adjustments and costs subsequent to acquisition | 707 | |
Gross carrying amount, Land | 469 | |
Gross carrying amount, Building and improvements | 3,807 | |
Gross carrying amount, Total | 4,276 | |
Accumulated depreciation | 1,467 | |
Miami / NW 12th St, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,325 | |
Building and improvements initial cost | 4,395 | |
Adjustments and costs subsequent to acquisition | 947 | |
Gross carrying amount, Land | 1,440 | |
Gross carrying amount, Building and improvements | 5,227 | |
Gross carrying amount, Total | 6,667 | |
Accumulated depreciation | 2,036 | |
Miami / SW 72nd Street, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,893 | |
Land initial cost | 5,315 | |
Building and improvements initial cost | 4,305 | |
Adjustments and costs subsequent to acquisition | 1,385 | |
Gross carrying amount, Land | 5,859 | |
Gross carrying amount, Building and improvements | 5,146 | |
Gross carrying amount, Total | 11,005 | |
Accumulated depreciation | 1,937 | |
Miami / SW 186th St, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,439 | |
Land initial cost | 1,238 | |
Building and improvements initial cost | 7,597 | |
Adjustments and costs subsequent to acquisition | 317 | |
Gross carrying amount, Land | 1,238 | |
Gross carrying amount, Building and improvements | 7,914 | |
Gross carrying amount, Total | 9,152 | |
Accumulated depreciation | 1,673 | |
Miami / SW 147th Ave, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,375 | |
Building and improvements initial cost | 5,543 | |
Adjustments and costs subsequent to acquisition | 98 | |
Gross carrying amount, Land | 2,374 | |
Gross carrying amount, Building and improvements | 5,642 | |
Gross carrying amount, Total | 8,016 | |
Accumulated depreciation | 516 | |
Miami / Hammocks Blvd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 521 | |
Building and improvements initial cost | 5,198 | |
Adjustments and costs subsequent to acquisition | 129 | |
Gross carrying amount, Land | 521 | |
Gross carrying amount, Building and improvements | 5,327 | |
Gross carrying amount, Total | 5,848 | |
Accumulated depreciation | 477 | |
Miami / NW 2nd Ave, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,676 | |
Land initial cost | 1,979 | |
Building and improvements initial cost | 6,513 | |
Adjustments and costs subsequent to acquisition | 154 | |
Gross carrying amount, Land | 1,979 | |
Gross carrying amount, Building and improvements | 6,667 | |
Gross carrying amount, Total | 8,646 | |
Accumulated depreciation | 440 | |
Miami / Coral Way, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,006 | |
Land initial cost | 3,257 | |
Building and improvements initial cost | 9,713 | |
Adjustments and costs subsequent to acquisition | 116 | |
Gross carrying amount, Land | 3,257 | |
Gross carrying amount, Building and improvements | 9,829 | |
Gross carrying amount, Total | 13,086 | |
Accumulated depreciation | 638 | |
Miami / SW 68th Ave, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,079 | |
Land initial cost | 3,305 | |
Building and improvements initial cost | 11,997 | |
Adjustments and costs subsequent to acquisition | 23 | |
Gross carrying amount, Land | 3,305 | |
Gross carrying amount, Building and improvements | 12,020 | |
Gross carrying amount, Total | 15,325 | |
Accumulated depreciation | 347 | |
Miami Gardens, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,757 | |
Land initial cost | 4,798 | |
Building and improvements initial cost | 9,475 | |
Adjustments and costs subsequent to acquisition | 129 | |
Gross carrying amount, Land | 4,798 | |
Gross carrying amount, Building and improvements | 9,604 | |
Gross carrying amount, Total | 14,402 | |
Accumulated depreciation | 1,254 | |
N Fort Myers, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 799 | |
Building and improvements initial cost | 2,372 | |
Adjustments and costs subsequent to acquisition | -3,171 | |
Naples, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,061 | |
Land initial cost | 1,990 | |
Building and improvements initial cost | 4,887 | |
Adjustments and costs subsequent to acquisition | 310 | |
Gross carrying amount, Land | 1,990 | |
Gross carrying amount, Building and improvements | 5,197 | |
Gross carrying amount, Total | 7,187 | |
Accumulated depreciation | 485 | |
Naranja, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,645 | |
Land initial cost | 603 | |
Building and improvements initial cost | 11,223 | |
Adjustments and costs subsequent to acquisition | 28 | |
Gross carrying amount, Land | 603 | |
Gross carrying amount, Building and improvements | 11,251 | |
Gross carrying amount, Total | 11,854 | |
Accumulated depreciation | 325 | |
North Lauderdale, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,101 | |
Land initial cost | 428 | |
Building and improvements initial cost | 3,516 | |
Adjustments and costs subsequent to acquisition | 1,013 | |
Gross carrying amount, Land | 459 | |
Gross carrying amount, Building and improvements | 4,498 | |
Gross carrying amount, Total | 4,957 | |
Accumulated depreciation | 1,869 | |
North Miami, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,645 | |
Land initial cost | 1,256 | |
Building and improvements initial cost | 6,535 | |
Adjustments and costs subsequent to acquisition | 583 | |
Gross carrying amount, Land | 1,256 | |
Gross carrying amount, Building and improvements | 7,118 | |
Gross carrying amount, Total | 8,374 | |
Accumulated depreciation | 2,128 | |
Ocoee, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,047 | |
Land initial cost | 872 | |
Building and improvements initial cost | 3,642 | |
Adjustments and costs subsequent to acquisition | 240 | |
Gross carrying amount, Land | 872 | |
Gross carrying amount, Building and improvements | 3,882 | |
Gross carrying amount, Total | 4,754 | |
Accumulated depreciation | 1,089 | |
Orlando / LB McLeod Rd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,272 | |
Land initial cost | 1,216 | |
Building and improvements initial cost | 5,008 | |
Adjustments and costs subsequent to acquisition | 422 | |
Gross carrying amount, Land | 1,216 | |
Gross carrying amount, Building and improvements | 5,430 | |
Gross carrying amount, Total | 6,646 | |
Accumulated depreciation | 1,556 | |
Orlando / Hunters Creek, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,026 | |
Land initial cost | 2,233 | |
Building and improvements initial cost | 9,223 | |
Adjustments and costs subsequent to acquisition | 375 | |
Gross carrying amount, Land | 2,233 | |
Gross carrying amount, Building and improvements | 9,598 | |
Gross carrying amount, Total | 11,831 | |
Accumulated depreciation | 2,616 | |
Orlando / Metrowest, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,688 | |
Land initial cost | 1,474 | |
Building and improvements initial cost | 6,101 | |
Adjustments and costs subsequent to acquisition | 278 | |
Gross carrying amount, Land | 1,474 | |
Gross carrying amount, Building and improvements | 6,379 | |
Gross carrying amount, Total | 7,853 | |
Accumulated depreciation | 1,715 | |
Orlando / Waterford Lakes, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,834 | |
Land initial cost | 1,166 | |
Building and improvements initial cost | 4,816 | |
Adjustments and costs subsequent to acquisition | 1,286 | |
Gross carrying amount, Land | 1,166 | |
Gross carrying amount, Building and improvements | 6,102 | |
Gross carrying amount, Total | 7,268 | |
Accumulated depreciation | 1,553 | |
Orlando / Orange Blossom Trail, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 625 | |
Building and improvements initial cost | 2,133 | |
Adjustments and costs subsequent to acquisition | 82 | |
Gross carrying amount, Land | 625 | |
Gross carrying amount, Building and improvements | 2,215 | |
Gross carrying amount, Total | 2,840 | |
Accumulated depreciation | 284 | |
Palm Springs, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,108 | |
Building and improvements initial cost | 8,028 | |
Adjustments and costs subsequent to acquisition | 110 | |
Gross carrying amount, Land | 2,108 | |
Gross carrying amount, Building and improvements | 8,138 | |
Gross carrying amount, Total | 10,246 | |
Accumulated depreciation | 242 | |
Plantation, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,850 | |
Adjustments and costs subsequent to acquisition | -1,504 | |
Gross carrying amount, Land | 2,346 | |
Gross carrying amount, Total | 2,346 | |
Port Charlotte, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,389 | |
Building and improvements initial cost | 4,632 | |
Adjustments and costs subsequent to acquisition | 228 | |
Gross carrying amount, Land | 1,389 | |
Gross carrying amount, Building and improvements | 4,860 | |
Gross carrying amount, Total | 6,249 | |
Accumulated depreciation | 1,359 | |
Riverview, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,351 | |
Land initial cost | 654 | |
Building and improvements initial cost | 2,953 | |
Adjustments and costs subsequent to acquisition | 271 | |
Gross carrying amount, Land | 654 | |
Gross carrying amount, Building and improvements | 3,224 | |
Gross carrying amount, Total | 3,878 | |
Accumulated depreciation | 934 | |
Sarasota / Clark Rd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,896 | |
Land initial cost | 4,666 | |
Building and improvements initial cost | 9,016 | |
Adjustments and costs subsequent to acquisition | 233 | |
Gross carrying amount, Land | 4,666 | |
Gross carrying amount, Building and improvements | 9,249 | |
Gross carrying amount, Total | 13,915 | |
Accumulated depreciation | 518 | |
Sarasota / Washington Blvd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,192 | |
Building and improvements initial cost | 2,919 | |
Gross carrying amount, Land | 1,192 | |
Gross carrying amount, Building and improvements | 2,919 | |
Gross carrying amount, Total | 4,111 | |
Seminole, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,473 | |
Land initial cost | 1,133 | |
Building and improvements initial cost | 3,017 | |
Adjustments and costs subsequent to acquisition | 165 | |
Gross carrying amount, Land | 1,133 | |
Gross carrying amount, Building and improvements | 3,182 | |
Gross carrying amount, Total | 4,315 | |
Accumulated depreciation | 177 | |
South Pasadena, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 8,890 | |
Building and improvements initial cost | 10,106 | |
Gross carrying amount, Land | 8,890 | |
Gross carrying amount, Building and improvements | 10,106 | |
Gross carrying amount, Total | 18,996 | |
Stuart, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,640 | |
Building and improvements initial cost | 8,358 | |
Adjustments and costs subsequent to acquisition | 130 | |
Gross carrying amount, Land | 1,640 | |
Gross carrying amount, Building and improvements | 8,488 | |
Gross carrying amount, Total | 10,128 | |
Accumulated depreciation | 157 | |
Tamiami, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,718 | |
Land initial cost | 5,042 | |
Building and improvements initial cost | 7,164 | |
Adjustments and costs subsequent to acquisition | 216 | |
Gross carrying amount, Land | 5,042 | |
Gross carrying amount, Building and improvements | 7,380 | |
Gross carrying amount, Total | 12,422 | |
Accumulated depreciation | 792 | |
Tampa / Cypress St, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,601 | |
Land initial cost | 883 | |
Building and improvements initial cost | 3,533 | |
Adjustments and costs subsequent to acquisition | 149 | |
Gross carrying amount, Land | 881 | |
Gross carrying amount, Building and improvements | 3,684 | |
Gross carrying amount, Total | 4,565 | |
Accumulated depreciation | 828 | |
Tampa / W Cleveland St, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,779 | |
Land initial cost | 1,425 | |
Building and improvements initial cost | 4,766 | |
Adjustments and costs subsequent to acquisition | 309 | |
Gross carrying amount, Land | 1,425 | |
Gross carrying amount, Building and improvements | 5,075 | |
Gross carrying amount, Total | 6,500 | |
Accumulated depreciation | 1,160 | |
Tampa / W Hillsborough Ave, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,086 | |
Building and improvements initial cost | 2,937 | |
Gross carrying amount, Land | 1,086 | |
Gross carrying amount, Building and improvements | 2,937 | |
Gross carrying amount, Total | 4,023 | |
Valrico, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,476 | |
Land initial cost | 1,197 | |
Building and improvements initial cost | 4,411 | |
Adjustments and costs subsequent to acquisition | 258 | |
Gross carrying amount, Land | 1,197 | |
Gross carrying amount, Building and improvements | 4,669 | |
Gross carrying amount, Total | 5,866 | |
Accumulated depreciation | 1,335 | |
Venice, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,811 | |
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 | |
Gross carrying amount, Building and improvements | 6,219 | |
Gross carrying amount, Total | 8,188 | |
Accumulated depreciation | 1,564 | |
West Palm Beach / N Military Trail 1, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,312 | |
Building and improvements initial cost | 2,511 | |
Adjustments and costs subsequent to acquisition | 948 | |
Gross carrying amount, Land | 1,416 | |
Gross carrying amount, Building and improvements | 3,355 | |
Gross carrying amount, Total | 4,771 | |
Accumulated depreciation | 1,335 | |
West Palm Beach / Forest Hill Bl, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,164 | |
Building and improvements initial cost | 2,511 | |
Adjustments and costs subsequent to acquisition | 730 | |
Gross carrying amount, Land | 1,246 | |
Gross carrying amount, Building and improvements | 3,159 | |
Gross carrying amount, Total | 4,405 | |
Accumulated depreciation | 1,239 | |
West Palm Beach / Southern Blvd, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,749 | |
Land initial cost | 1,752 | |
Building and improvements initial cost | 4,909 | |
Adjustments and costs subsequent to acquisition | 423 | |
Gross carrying amount, Land | 1,752 | |
Gross carrying amount, Building and improvements | 5,332 | |
Gross carrying amount, Total | 7,084 | |
Accumulated depreciation | 1,535 | |
West Palm Beach / S Military Trail, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,399 | |
Land initial cost | 1,729 | |
Building and improvements initial cost | 4,058 | |
Adjustments and costs subsequent to acquisition | 99 | |
Gross carrying amount, Land | 1,730 | |
Gross carrying amount, Building and improvements | 4,156 | |
Gross carrying amount, Total | 5,886 | |
Accumulated depreciation | 341 | |
West Palm Beach / N Military Trail 2, FL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,437 | |
Land initial cost | 1,595 | |
Building and improvements initial cost | 2,833 | |
Adjustments and costs subsequent to acquisition | 74 | |
Gross carrying amount, Land | 1,595 | |
Gross carrying amount, Building and improvements | 2,907 | |
Gross carrying amount, Total | 4,502 | |
Accumulated depreciation | 329 | |
Alpharetta, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,528 | |
Land initial cost | 1,893 | |
Building and improvements initial cost | 3,161 | |
Adjustments and costs subsequent to acquisition | 170 | |
Gross carrying amount, Land | 1,893 | |
Gross carrying amount, Building and improvements | 3,331 | |
Gross carrying amount, Total | 5,224 | |
Accumulated depreciation | 787 | |
Atlanta / Cheshire Bridge Rd NE, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,820 | |
Land initial cost | 3,737 | |
Building and improvements initial cost | 8,333 | |
Adjustments and costs subsequent to acquisition | 646 | |
Gross carrying amount, Land | 3,737 | |
Gross carrying amount, Building and improvements | 8,979 | |
Gross carrying amount, Total | 12,716 | |
Accumulated depreciation | 2,497 | |
Atlanta / Roswell Rd, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,665 | |
Building and improvements initial cost | 2,028 | |
Adjustments and costs subsequent to acquisition | 256 | |
Gross carrying amount, Land | 1,665 | |
Gross carrying amount, Building and improvements | 2,284 | |
Gross carrying amount, Total | 3,949 | |
Accumulated depreciation | 689 | |
Atlanta / Virginia Ave, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,432 | |
Land initial cost | 3,319 | |
Building and improvements initial cost | 8,325 | |
Adjustments and costs subsequent to acquisition | 556 | |
Gross carrying amount, Land | 3,319 | |
Gross carrying amount, Building and improvements | 8,881 | |
Gross carrying amount, Total | 12,200 | |
Accumulated depreciation | 2,442 | |
Atlanta / Mt Vernon Hwy, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,961 | |
Building and improvements initial cost | 19,819 | |
Adjustments and costs subsequent to acquisition | 71 | |
Gross carrying amount, Land | 2,961 | |
Gross carrying amount, Building and improvements | 19,890 | |
Gross carrying amount, Total | 22,851 | |
Accumulated depreciation | 362 | |
Atlanta / Chattahoochee Ave, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,132 | |
Building and improvements initial cost | 10,080 | |
Adjustments and costs subsequent to acquisition | 77 | |
Gross carrying amount, Land | 1,132 | |
Gross carrying amount, Building and improvements | 10,157 | |
Gross carrying amount, Total | 11,289 | |
Accumulated depreciation | 98 | |
Atlanta / Edgewood Ave SE, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 588 | |
Building and improvements initial cost | 10,295 | |
Adjustments and costs subsequent to acquisition | 1 | |
Gross carrying amount, Land | 588 | |
Gross carrying amount, Building and improvements | 10,296 | |
Gross carrying amount, Total | 10,884 | |
Augusta, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,064 | |
Land initial cost | 710 | |
Building and improvements initial cost | 2,299 | |
Adjustments and costs subsequent to acquisition | 51 | |
Gross carrying amount, Land | 710 | |
Gross carrying amount, Building and improvements | 2,350 | |
Gross carrying amount, Total | 3,060 | |
Accumulated depreciation | 69 | |
Dacula, GA [Member]] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,723 | |
Land initial cost | 1,993 | |
Building and improvements initial cost | 3,001 | |
Adjustments and costs subsequent to acquisition | 155 | |
Gross carrying amount, Land | 1,993 | |
Gross carrying amount, Building and improvements | 3,156 | |
Gross carrying amount, Total | 5,149 | |
Accumulated depreciation | 765 | |
Douglasville, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,209 | |
Building and improvements initial cost | 719 | |
Adjustments and costs subsequent to acquisition | 326 | |
Gross carrying amount, Land | 1,209 | |
Gross carrying amount, Building and improvements | 1,045 | |
Gross carrying amount, Total | 2,254 | |
Accumulated depreciation | 179 | |
Duluth, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,448 | |
Land initial cost | 1,454 | |
Building and improvements initial cost | 4,151 | |
Adjustments and costs subsequent to acquisition | 148 | |
Gross carrying amount, Land | 1,454 | |
Gross carrying amount, Building and improvements | 4,299 | |
Gross carrying amount, Total | 5,753 | |
Accumulated depreciation | 876 | |
Eastpoint, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,584 | |
Land initial cost | 1,718 | |
Building and improvements initial cost | 6,388 | |
Adjustments and costs subsequent to acquisition | 111 | |
Gross carrying amount, Land | 1,718 | |
Gross carrying amount, Building and improvements | 6,499 | |
Gross carrying amount, Total | 8,217 | |
Accumulated depreciation | 361 | |
Kennesaw, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 673 | |
Building and improvements initial cost | 1,151 | |
Adjustments and costs subsequent to acquisition | 157 | |
Gross carrying amount, Land | 673 | |
Gross carrying amount, Building and improvements | 1,308 | |
Gross carrying amount, Total | 1,981 | |
Accumulated depreciation | 183 | |
Lawrenceville, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,400 | |
Land initial cost | 2,117 | |
Building and improvements initial cost | 2,784 | |
Adjustments and costs subsequent to acquisition | 282 | |
Gross carrying amount, Land | 2,117 | |
Gross carrying amount, Building and improvements | 3,066 | |
Gross carrying amount, Total | 5,183 | |
Accumulated depreciation | 93 | |
Lithonia, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,958 | |
Building and improvements initial cost | 3,645 | |
Adjustments and costs subsequent to acquisition | 120 | |
Gross carrying amount, Land | 1,958 | |
Gross carrying amount, Building and improvements | 3,765 | |
Gross carrying amount, Total | 5,723 | |
Accumulated depreciation | 518 | |
Marietta, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 887 | |
Building and improvements initial cost | 2,617 | |
Adjustments and costs subsequent to acquisition | 306 | |
Gross carrying amount, Land | 887 | |
Gross carrying amount, Building and improvements | 2,923 | |
Gross carrying amount, Total | 3,810 | |
Accumulated depreciation | 383 | |
Snellville, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,691 | |
Building and improvements initial cost | 4,026 | |
Adjustments and costs subsequent to acquisition | 314 | |
Gross carrying amount, Land | 2,691 | |
Gross carrying amount, Building and improvements | 4,340 | |
Gross carrying amount, Total | 7,031 | |
Accumulated depreciation | 1,252 | |
Stone Mountain / Annistown Rd, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,828 | |
Land initial cost | 1,817 | |
Building and improvements initial cost | 4,382 | |
Adjustments and costs subsequent to acquisition | 296 | |
Gross carrying amount, Land | 1,817 | |
Gross carrying amount, Building and improvements | 4,678 | |
Gross carrying amount, Total | 6,495 | |
Accumulated depreciation | 1,323 | |
Stone Mountain / S Hairston Rd, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,573 | |
Land initial cost | 925 | |
Building and improvements initial cost | 3,505 | |
Adjustments and costs subsequent to acquisition | 331 | |
Gross carrying amount, Land | 925 | |
Gross carrying amount, Building and improvements | 3,836 | |
Gross carrying amount, Total | 4,761 | |
Accumulated depreciation | 1,036 | |
Sugar Hill / Nelson Brogdon Blvd 1, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,371 | |
Building and improvements initial cost | 2,547 | |
Adjustments and costs subsequent to acquisition | 208 | |
Gross carrying amount, Land | 1,371 | |
Gross carrying amount, Building and improvements | 2,755 | |
Gross carrying amount, Total | 4,126 | |
Accumulated depreciation | 597 | |
Sugar Hill / Nelson Brogdon Blvd 2, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,368 | |
Building and improvements initial cost | 2,540 | |
Adjustments and costs subsequent to acquisition | 231 | |
Gross carrying amount, Land | 1,368 | |
Gross carrying amount, Building and improvements | 2,771 | |
Gross carrying amount, Total | 4,139 | |
Accumulated depreciation | 597 | |
Tucker, GA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,773 | |
Building and improvements initial cost | 10,456 | |
Adjustments and costs subsequent to acquisition | 49 | |
Gross carrying amount, Land | 1,773 | |
Gross carrying amount, Building and improvements | 10,505 | |
Gross carrying amount, Total | 12,278 | |
Accumulated depreciation | 326 | |
Alpharetta, GL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,973 | |
Building and improvements initial cost | 1,587 | |
Adjustments and costs subsequent to acquisition | 262 | |
Gross carrying amount, Land | 1,973 | |
Gross carrying amount, Building and improvements | 1,849 | |
Gross carrying amount, Total | 3,822 | |
Accumulated depreciation | 558 | |
Honolulu, HI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,674 | |
Building and improvements initial cost | 18,350 | |
Adjustments and costs subsequent to acquisition | 58 | |
Gross carrying amount, Land | 4,674 | |
Gross carrying amount, Building and improvements | 18,408 | |
Gross carrying amount, Total | 23,082 | |
Accumulated depreciation | 771 | |
Kahului, HI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,984 | |
Building and improvements initial cost | 15,044 | |
Adjustments and costs subsequent to acquisition | 692 | |
Gross carrying amount, Land | 3,984 | |
Gross carrying amount, Building and improvements | 15,736 | |
Gross carrying amount, Total | 19,720 | |
Accumulated depreciation | 3,291 | |
Kapolei / Farrington Hwy 1, HI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,495 | |
Building and improvements initial cost | 24,701 | |
Adjustments and costs subsequent to acquisition | 449 | |
Gross carrying amount, Building and improvements | 25,150 | |
Gross carrying amount, Total | 25,150 | |
Accumulated depreciation | 5,018 | |
Kapolei / Farrington Hwy 2, HI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 7,776 | |
Adjustments and costs subsequent to acquisition | 11 | |
Gross carrying amount, Building and improvements | 7,787 | |
Gross carrying amount, Total | 7,787 | |
Accumulated depreciation | 208 | |
Wahiawa, HI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,317 | |
Building and improvements initial cost | 2,626 | |
Adjustments and costs subsequent to acquisition | 77 | |
Gross carrying amount, Land | 1,317 | |
Gross carrying amount, Building and improvements | 2,703 | |
Gross carrying amount, Total | 4,020 | |
Accumulated depreciation | 116 | |
Bedford Park, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,469 | |
Land initial cost | 922 | |
Building and improvements initial cost | 3,289 | |
Adjustments and costs subsequent to acquisition | 125 | |
Gross carrying amount, Land | 922 | |
Gross carrying amount, Building and improvements | 3,414 | |
Gross carrying amount, Total | 4,336 | |
Accumulated depreciation | 100 | |
Chicago / South Wabash, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,124 | |
Land initial cost | 621 | |
Building and improvements initial cost | 3,428 | |
Adjustments and costs subsequent to acquisition | 2,312 | |
Gross carrying amount, Land | 621 | |
Gross carrying amount, Building and improvements | 5,740 | |
Gross carrying amount, Total | 6,361 | |
Accumulated depreciation | 1,384 | |
Chicago / West Addison, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,999 | |
Land initial cost | 449 | |
Building and improvements initial cost | 2,471 | |
Adjustments and costs subsequent to acquisition | 776 | |
Gross carrying amount, Land | 449 | |
Gross carrying amount, Building and improvements | 3,247 | |
Gross carrying amount, Total | 3,696 | |
Accumulated depreciation | 1,000 | |
Chicago / West Harrison, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,718 | |
Land initial cost | 472 | |
Building and improvements initial cost | 2,582 | |
Adjustments and costs subsequent to acquisition | 733 | |
Gross carrying amount, Land | 472 | |
Gross carrying amount, Building and improvements | 3,315 | |
Gross carrying amount, Total | 3,787 | |
Accumulated depreciation | 1,055 | |
Chicago / Montrose, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,459 | |
Land initial cost | 1,318 | |
Building and improvements initial cost | 9,485 | |
Adjustments and costs subsequent to acquisition | 61 | |
Gross carrying amount, Land | 1,318 | |
Gross carrying amount, Building and improvements | 9,546 | |
Gross carrying amount, Total | 10,864 | |
Accumulated depreciation | 464 | |
Chicago / 60th Street, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,363 | |
Building and improvements initial cost | 5,850 | |
Adjustments and costs subsequent to acquisition | 129 | |
Gross carrying amount, Land | 1,363 | |
Gross carrying amount, Building and improvements | 5,979 | |
Gross carrying amount, Total | 7,342 | |
Accumulated depreciation | 173 | |
Chicago / 87th St, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,881 | |
Building and improvements initial cost | 6,324 | |
Adjustments and costs subsequent to acquisition | 9 | |
Gross carrying amount, Land | 2,881 | |
Gross carrying amount, Building and improvements | 6,333 | |
Gross carrying amount, Total | 9,214 | |
Accumulated depreciation | 183 | |
Chicago / Pulaski Rd, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,743 | |
Land initial cost | 1,143 | |
Building and improvements initial cost | 6,138 | |
Adjustments and costs subsequent to acquisition | 111 | |
Gross carrying amount, Land | 1,143 | |
Gross carrying amount, Building and improvements | 6,249 | |
Gross carrying amount, Total | 7,392 | |
Accumulated depreciation | 180 | |
Chicago / Stony Island, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,925 | |
Gross carrying amount, Land | 1,925 | |
Gross carrying amount, Total | 1,925 | |
Crest Hill, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,377 | |
Land initial cost | 847 | |
Building and improvements initial cost | 2,946 | |
Adjustments and costs subsequent to acquisition | 786 | |
Gross carrying amount, Land | 968 | |
Gross carrying amount, Building and improvements | 3,611 | |
Gross carrying amount, Total | 4,579 | |
Accumulated depreciation | 1,074 | |
Gurnee, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,374 | |
Building and improvements initial cost | 8,296 | |
Adjustments and costs subsequent to acquisition | 125 | |
Gross carrying amount, Land | 1,374 | |
Gross carrying amount, Building and improvements | 8,421 | |
Gross carrying amount, Total | 9,795 | |
Accumulated depreciation | 1,580 | |
Highland Park, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,120 | |
Land initial cost | 5,798 | |
Building and improvements initial cost | 6,016 | |
Adjustments and costs subsequent to acquisition | 86 | |
Gross carrying amount, Land | 5,798 | |
Gross carrying amount, Building and improvements | 6,102 | |
Gross carrying amount, Total | 11,900 | |
Accumulated depreciation | 499 | |
Lincolnshire, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,585 | |
Land initial cost | 1,438 | |
Building and improvements initial cost | 5,128 | |
Adjustments and costs subsequent to acquisition | 2 | |
Gross carrying amount, Land | 1,438 | |
Gross carrying amount, Building and improvements | 5,130 | |
Gross carrying amount, Total | 6,568 | |
Accumulated depreciation | 148 | |
Naperville / Ogden Avenue, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,800 | |
Building and improvements initial cost | 7,355 | |
Adjustments and costs subsequent to acquisition | -724 | |
Gross carrying amount, Land | 1,950 | |
Gross carrying amount, Building and improvements | 7,481 | |
Gross carrying amount, Total | 9,431 | |
Accumulated depreciation | 1,183 | |
Naperville / State Route 59, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,834 | |
Land initial cost | 1,860 | |
Building and improvements initial cost | 5,793 | |
Adjustments and costs subsequent to acquisition | 91 | |
Gross carrying amount, Land | 1,860 | |
Gross carrying amount, Building and improvements | 5,884 | |
Gross carrying amount, Total | 7,744 | |
Accumulated depreciation | 475 | |
North Aurora, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,447 | |
Land initial cost | 600 | |
Building and improvements initial cost | 5,833 | |
Adjustments and costs subsequent to acquisition | 141 | |
Gross carrying amount, Land | 600 | |
Gross carrying amount, Building and improvements | 5,974 | |
Gross carrying amount, Total | 6,574 | |
Accumulated depreciation | 1,043 | |
Skokie, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,996 | |
Land initial cost | 1,119 | |
Building and improvements initial cost | 7,502 | |
Adjustments and costs subsequent to acquisition | 206 | |
Gross carrying amount, Land | 1,119 | |
Gross carrying amount, Building and improvements | 7,708 | |
Gross carrying amount, Total | 8,827 | |
Accumulated depreciation | 501 | |
South Holland, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,464 | |
Land initial cost | 839 | |
Building and improvements initial cost | 2,879 | |
Adjustments and costs subsequent to acquisition | 349 | |
Gross carrying amount, Land | 865 | |
Gross carrying amount, Building and improvements | 3,202 | |
Gross carrying amount, Total | 4,067 | |
Accumulated depreciation | 1,047 | |
Tinley Park, IL [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,823 | |
Building and improvements initial cost | 4,794 | |
Adjustments and costs subsequent to acquisition | 981 | |
Gross carrying amount, Land | 1,548 | |
Gross carrying amount, Building and improvements | 6,050 | |
Gross carrying amount, Total | 7,598 | |
Accumulated depreciation | 825 | |
Carmel, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,169 | |
Building and improvements initial cost | 4,393 | |
Adjustments and costs subsequent to acquisition | 263 | |
Gross carrying amount, Land | 1,169 | |
Gross carrying amount, Building and improvements | 4,656 | |
Gross carrying amount, Total | 5,825 | |
Accumulated depreciation | 853 | |
Connersville, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,114 | |
Land initial cost | 472 | |
Building and improvements initial cost | 315 | |
Adjustments and costs subsequent to acquisition | 109 | |
Gross carrying amount, Land | 472 | |
Gross carrying amount, Building and improvements | 424 | |
Gross carrying amount, Total | 896 | |
Accumulated depreciation | 60 | |
Ft Wayne, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,974 | |
Land initial cost | 1,899 | |
Building and improvements initial cost | 3,292 | |
Adjustments and costs subsequent to acquisition | 290 | |
Gross carrying amount, Land | 1,899 | |
Gross carrying amount, Building and improvements | 3,582 | |
Gross carrying amount, Total | 5,481 | |
Accumulated depreciation | 688 | |
Indianapolis / E 65th St, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 588 | |
Building and improvements initial cost | 3,457 | |
Adjustments and costs subsequent to acquisition | 306 | |
Gross carrying amount, Land | 588 | |
Gross carrying amount, Building and improvements | 3,763 | |
Gross carrying amount, Total | 4,351 | |
Accumulated depreciation | 844 | |
Indianapolis / Dandy Trail-Windham Lake Dr, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 850 | |
Building and improvements initial cost | 4,545 | |
Adjustments and costs subsequent to acquisition | 387 | |
Gross carrying amount, Land | 850 | |
Gross carrying amount, Building and improvements | 4,932 | |
Gross carrying amount, Total | 5,782 | |
Accumulated depreciation | 949 | |
Indianapolis / Southport Rd-Kildeer Dr, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 426 | |
Building and improvements initial cost | 2,903 | |
Adjustments and costs subsequent to acquisition | 333 | |
Gross carrying amount, Land | 426 | |
Gross carrying amount, Building and improvements | 3,236 | |
Gross carrying amount, Total | 3,662 | |
Accumulated depreciation | 646 | |
Indianapolis / E 86th St, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,083 | |
Land initial cost | 646 | |
Building and improvements initial cost | 1,294 | |
Adjustments and costs subsequent to acquisition | 159 | |
Gross carrying amount, Land | 646 | |
Gross carrying amount, Building and improvements | 1,453 | |
Gross carrying amount, Total | 2,099 | |
Accumulated depreciation | 94 | |
Mishawaka, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,607 | |
Land initial cost | 630 | |
Building and improvements initial cost | 3,349 | |
Adjustments and costs subsequent to acquisition | 290 | |
Gross carrying amount, Land | 630 | |
Gross carrying amount, Building and improvements | 3,639 | |
Gross carrying amount, Total | 4,269 | |
Accumulated depreciation | 691 | |
Richmond, IN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 723 | |
Building and improvements initial cost | 482 | |
Adjustments and costs subsequent to acquisition | 428 | |
Gross carrying amount, Land | 723 | |
Gross carrying amount, Building and improvements | 910 | |
Gross carrying amount, Total | 1,633 | |
Accumulated depreciation | 107 | |
Wichita, KS [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,075 | |
Land initial cost | 366 | |
Building and improvements initial cost | 1,897 | |
Adjustments and costs subsequent to acquisition | 376 | |
Gross carrying amount, Land | 366 | |
Gross carrying amount, Building and improvements | 2,273 | |
Gross carrying amount, Total | 2,639 | |
Accumulated depreciation | 662 | |
Covington, KY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,992 | |
Land initial cost | 839 | |
Building and improvements initial cost | 2,543 | |
Adjustments and costs subsequent to acquisition | 128 | |
Gross carrying amount, Land | 839 | |
Gross carrying amount, Building and improvements | 2,671 | |
Gross carrying amount, Total | 3,510 | |
Accumulated depreciation | 272 | |
Louisville / Bardstown Rd, KY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,812 | |
Land initial cost | 586 | |
Building and improvements initial cost | 3,244 | |
Adjustments and costs subsequent to acquisition | 389 | |
Gross carrying amount, Land | 586 | |
Gross carrying amount, Building and improvements | 3,633 | |
Gross carrying amount, Total | 4,219 | |
Accumulated depreciation | 1,024 | |
Louisville / Warwick Ave, KY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,403 | |
Land initial cost | 1,217 | |
Building and improvements initial cost | 4,611 | |
Adjustments and costs subsequent to acquisition | 211 | |
Gross carrying amount, Land | 1,217 | |
Gross carrying amount, Building and improvements | 4,822 | |
Gross carrying amount, Total | 6,039 | |
Accumulated depreciation | 1,281 | |
Louisville / Wattbourne Ln, KY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,714 | |
Land initial cost | 892 | |
Building and improvements initial cost | 2,677 | |
Adjustments and costs subsequent to acquisition | 232 | |
Gross carrying amount, Land | 892 | |
Gross carrying amount, Building and improvements | 2,909 | |
Gross carrying amount, Total | 3,801 | |
Accumulated depreciation | 728 | |
Metairie, LA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,768 | |
Land initial cost | 2,056 | |
Building and improvements initial cost | 4,216 | |
Adjustments and costs subsequent to acquisition | 184 | |
Gross carrying amount, Land | 2,056 | |
Gross carrying amount, Building and improvements | 4,400 | |
Gross carrying amount, Total | 6,456 | |
Accumulated depreciation | 1,235 | |
New Orleans, LA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,327 | |
Land initial cost | 4,058 | |
Building and improvements initial cost | 4,325 | |
Adjustments and costs subsequent to acquisition | 688 | |
Gross carrying amount, Land | 4,058 | |
Gross carrying amount, Building and improvements | 5,013 | |
Gross carrying amount, Total | 9,071 | |
Accumulated depreciation | 1,490 | |
Ashland, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 474 | |
Building and improvements initial cost | 3,324 | |
Adjustments and costs subsequent to acquisition | 346 | |
Gross carrying amount, Land | 474 | |
Gross carrying amount, Building and improvements | 3,670 | |
Gross carrying amount, Total | 4,144 | |
Accumulated depreciation | 1,339 | |
Auburn, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 918 | |
Building and improvements initial cost | 3,728 | |
Adjustments and costs subsequent to acquisition | 325 | |
Gross carrying amount, Land | 918 | |
Gross carrying amount, Building and improvements | 4,053 | |
Gross carrying amount, Total | 4,971 | |
Accumulated depreciation | 1,543 | |
Billerica, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,023 | |
Building and improvements initial cost | 6,697 | |
Adjustments and costs subsequent to acquisition | 108 | |
Gross carrying amount, Land | 3,023 | |
Gross carrying amount, Building and improvements | 6,805 | |
Gross carrying amount, Total | 9,828 | |
Accumulated depreciation | 196 | |
Brockton / Centre St - Rte 123, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 647 | |
Building and improvements initial cost | 2,762 | |
Adjustments and costs subsequent to acquisition | 178 | |
Gross carrying amount, Land | 647 | |
Gross carrying amount, Building and improvements | 2,940 | |
Gross carrying amount, Total | 3,587 | |
Accumulated depreciation | 1,053 | |
Brockton / Oak St, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 829 | |
Building and improvements initial cost | 6,195 | |
Adjustments and costs subsequent to acquisition | 327 | |
Gross carrying amount, Land | 829 | |
Gross carrying amount, Building and improvements | 6,522 | |
Gross carrying amount, Total | 7,351 | |
Accumulated depreciation | 187 | |
Danvers, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,662 | |
Land initial cost | 3,115 | |
Building and improvements initial cost | 5,736 | |
Adjustments and costs subsequent to acquisition | 149 | |
Gross carrying amount, Land | 3,115 | |
Gross carrying amount, Building and improvements | 5,885 | |
Gross carrying amount, Total | 9,000 | |
Accumulated depreciation | 323 | |
Dedham / Milton St, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,127 | |
Building and improvements initial cost | 3,041 | |
Adjustments and costs subsequent to acquisition | 626 | |
Gross carrying amount, Land | 2,127 | |
Gross carrying amount, Building and improvements | 3,667 | |
Gross carrying amount, Total | 5,794 | |
Accumulated depreciation | 1,407 | |
Dedham / Allied Dr, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,443 | |
Building and improvements initial cost | 7,328 | |
Adjustments and costs subsequent to acquisition | 1,393 | |
Gross carrying amount, Land | 2,443 | |
Gross carrying amount, Building and improvements | 8,721 | |
Gross carrying amount, Total | 11,164 | |
Accumulated depreciation | 2,659 | |
East Somerville, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | 152 | |
Gross carrying amount, Building and improvements | 152 | |
Gross carrying amount, Total | 152 | |
Accumulated depreciation | 107 | |
Everett, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 692 | |
Building and improvements initial cost | 2,129 | |
Adjustments and costs subsequent to acquisition | 786 | |
Gross carrying amount, Land | 692 | |
Gross carrying amount, Building and improvements | 2,915 | |
Gross carrying amount, Total | 3,607 | |
Accumulated depreciation | 942 | |
Foxboro, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 759 | |
Building and improvements initial cost | 4,158 | |
Adjustments and costs subsequent to acquisition | 466 | |
Gross carrying amount, Land | 759 | |
Gross carrying amount, Building and improvements | 4,624 | |
Gross carrying amount, Total | 5,383 | |
Accumulated depreciation | 1,886 | |
Framingham, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | 35 | |
Gross carrying amount, Building and improvements | 35 | |
Gross carrying amount, Total | 35 | |
Accumulated depreciation | 7 | |
Hudson, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,328 | |
Land initial cost | 806 | |
Building and improvements initial cost | 3,122 | |
Adjustments and costs subsequent to acquisition | 404 | |
Gross carrying amount, Land | 806 | |
Gross carrying amount, Building and improvements | 3,526 | |
Gross carrying amount, Total | 4,332 | |
Accumulated depreciation | 1,471 | |
Jamaica Plain, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,469 | |
Land initial cost | 3,285 | |
Building and improvements initial cost | 11,275 | |
Adjustments and costs subsequent to acquisition | 599 | |
Gross carrying amount, Land | 3,285 | |
Gross carrying amount, Building and improvements | 11,874 | |
Gross carrying amount, Total | 15,159 | |
Accumulated depreciation | 2,179 | |
Kingston, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 555 | |
Building and improvements initial cost | 2,491 | |
Adjustments and costs subsequent to acquisition | 155 | |
Gross carrying amount, Land | 555 | |
Gross carrying amount, Building and improvements | 2,646 | |
Gross carrying amount, Total | 3,201 | |
Accumulated depreciation | 995 | |
Lynn, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,703 | |
Building and improvements initial cost | 3,237 | |
Adjustments and costs subsequent to acquisition | 432 | |
Gross carrying amount, Land | 1,703 | |
Gross carrying amount, Building and improvements | 3,669 | |
Gross carrying amount, Total | 5,372 | |
Accumulated depreciation | 1,366 | |
Marshfield, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,602 | |
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 | |
Gross carrying amount, Building and improvements | 4,411 | |
Gross carrying amount, Total | 5,437 | |
Accumulated depreciation | 1,285 | |
Milton, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,838 | |
Building and improvements initial cost | 3,979 | |
Adjustments and costs subsequent to acquisition | 6,642 | |
Gross carrying amount, Land | 2,838 | |
Gross carrying amount, Building and improvements | 10,621 | |
Gross carrying amount, Total | 13,459 | |
Accumulated depreciation | 2,458 | |
North Andover, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 773 | |
Building and improvements initial cost | 4,120 | |
Adjustments and costs subsequent to acquisition | 120 | |
Gross carrying amount, Land | 773 | |
Gross carrying amount, Building and improvements | 4,240 | |
Gross carrying amount, Total | 5,013 | |
Accumulated depreciation | 123 | |
North Oxford, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 482 | |
Building and improvements initial cost | 1,762 | |
Adjustments and costs subsequent to acquisition | 470 | |
Gross carrying amount, Land | 526 | |
Gross carrying amount, Building and improvements | 2,188 | |
Gross carrying amount, Total | 2,714 | |
Accumulated depreciation | 924 | |
Northborough, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,544 | |
Land initial cost | 280 | |
Building and improvements initial cost | 2,715 | |
Adjustments and costs subsequent to acquisition | 537 | |
Gross carrying amount, Land | 280 | |
Gross carrying amount, Building and improvements | 3,252 | |
Gross carrying amount, Total | 3,532 | |
Accumulated depreciation | 1,339 | |
Norwood, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,626 | |
Land initial cost | 2,160 | |
Building and improvements initial cost | 2,336 | |
Adjustments and costs subsequent to acquisition | 1,783 | |
Gross carrying amount, Land | 2,220 | |
Gross carrying amount, Building and improvements | 4,059 | |
Gross carrying amount, Total | 6,279 | |
Accumulated depreciation | 1,434 | |
Plainville, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,991 | |
Land initial cost | 2,223 | |
Building and improvements initial cost | 4,430 | |
Adjustments and costs subsequent to acquisition | 434 | |
Gross carrying amount, Land | 2,223 | |
Gross carrying amount, Building and improvements | 4,864 | |
Gross carrying amount, Total | 7,087 | |
Accumulated depreciation | 1,580 | |
Quincy, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,910 | |
Land initial cost | 1,359 | |
Building and improvements initial cost | 4,078 | |
Adjustments and costs subsequent to acquisition | 424 | |
Gross carrying amount, Land | 1,359 | |
Gross carrying amount, Building and improvements | 4,502 | |
Gross carrying amount, Total | 5,861 | |
Accumulated depreciation | 1,320 | |
Raynham, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 588 | |
Building and improvements initial cost | 2,270 | |
Adjustments and costs subsequent to acquisition | 737 | |
Gross carrying amount, Land | 669 | |
Gross carrying amount, Building and improvements | 2,926 | |
Gross carrying amount, Total | 3,595 | |
Accumulated depreciation | 1,109 | |
Revere, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,963 | |
Land initial cost | 2,275 | |
Building and improvements initial cost | 6,935 | |
Adjustments and costs subsequent to acquisition | 154 | |
Gross carrying amount, Land | 2,275 | |
Gross carrying amount, Building and improvements | 7,089 | |
Gross carrying amount, Total | 9,364 | |
Accumulated depreciation | 575 | |
Saugus, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,725 | |
Building and improvements initial cost | 5,514 | |
Adjustments and costs subsequent to acquisition | 577 | |
Gross carrying amount, Land | 1,725 | |
Gross carrying amount, Building and improvements | 6,091 | |
Gross carrying amount, Total | 7,816 | |
Accumulated depreciation | 2,013 | |
Somerville, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,922 | |
Land initial cost | 1,728 | |
Building and improvements initial cost | 6,570 | |
Adjustments and costs subsequent to acquisition | 779 | |
Gross carrying amount, Land | 1,731 | |
Gross carrying amount, Building and improvements | 7,346 | |
Gross carrying amount, Total | 9,077 | |
Accumulated depreciation | 2,531 | |
Stoneham, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,918 | |
Land initial cost | 944 | |
Building and improvements initial cost | 5,241 | |
Adjustments and costs subsequent to acquisition | 179 | |
Gross carrying amount, Land | 944 | |
Gross carrying amount, Building and improvements | 5,420 | |
Gross carrying amount, Total | 6,364 | |
Accumulated depreciation | 1,415 | |
Stoughton, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,754 | |
Building and improvements initial cost | 2,769 | |
Adjustments and costs subsequent to acquisition | 315 | |
Gross carrying amount, Land | 1,754 | |
Gross carrying amount, Building and improvements | 3,084 | |
Gross carrying amount, Total | 4,838 | |
Accumulated depreciation | 1,221 | |
Tyngsboro, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,463 | |
Land initial cost | 1,843 | |
Building and improvements initial cost | 5,004 | |
Adjustments and costs subsequent to acquisition | 45 | |
Gross carrying amount, Land | 1,843 | |
Gross carrying amount, Building and improvements | 5,049 | |
Gross carrying amount, Total | 6,892 | |
Accumulated depreciation | 327 | |
Waltham, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,176 | |
Land initial cost | 3,770 | |
Building and improvements initial cost | 11,310 | |
Adjustments and costs subsequent to acquisition | 1,115 | |
Gross carrying amount, Land | 3,770 | |
Gross carrying amount, Building and improvements | 12,425 | |
Gross carrying amount, Total | 16,195 | |
Accumulated depreciation | 3,613 | |
Weymouth, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,806 | |
Building and improvements initial cost | 3,129 | |
Adjustments and costs subsequent to acquisition | 231 | |
Gross carrying amount, Land | 2,806 | |
Gross carrying amount, Building and improvements | 3,360 | |
Gross carrying amount, Total | 6,166 | |
Accumulated depreciation | 1,328 | |
Woburn, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | 267 | |
Gross carrying amount, Building and improvements | 267 | |
Gross carrying amount, Total | 267 | |
Accumulated depreciation | 119 | |
Worcester / Millbury St, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,476 | |
Land initial cost | 896 | |
Building and improvements initial cost | 4,377 | |
Adjustments and costs subsequent to acquisition | 3,172 | |
Gross carrying amount, Land | 896 | |
Gross carrying amount, Building and improvements | 7,549 | |
Gross carrying amount, Total | 8,445 | |
Accumulated depreciation | 2,504 | |
Worcester / Ararat St, MA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,086 | |
Land initial cost | 1,350 | |
Building and improvements initial cost | 4,433 | |
Adjustments and costs subsequent to acquisition | 162 | |
Gross carrying amount, Land | 1,350 | |
Gross carrying amount, Building and improvements | 4,595 | |
Gross carrying amount, Total | 5,945 | |
Accumulated depreciation | 998 | |
Annapolis / Trout Rd, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,437 | |
Land initial cost | 5,248 | |
Building and improvements initial cost | 7,247 | |
Adjustments and costs subsequent to acquisition | 204 | |
Gross carrying amount, Land | 5,248 | |
Gross carrying amount, Building and improvements | 7,451 | |
Gross carrying amount, Total | 12,699 | |
Accumulated depreciation | 1,550 | |
Annapolis / Renard Ct - Annex, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,039 | |
Land initial cost | 1,375 | |
Building and improvements initial cost | 8,896 | |
Adjustments and costs subsequent to acquisition | 325 | |
Gross carrying amount, Land | 1,375 | |
Gross carrying amount, Building and improvements | 9,221 | |
Gross carrying amount, Total | 10,596 | |
Accumulated depreciation | 1,899 | |
Arnold, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,904 | |
Land initial cost | 2,558 | |
Building and improvements initial cost | 9,446 | |
Adjustments and costs subsequent to acquisition | 453 | |
Gross carrying amount, Land | 2,558 | |
Gross carrying amount, Building and improvements | 9,899 | |
Gross carrying amount, Total | 12,457 | |
Accumulated depreciation | 2,559 | |
Baltimore / Moravia Rd, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,424 | |
Land initial cost | 800 | |
Building and improvements initial cost | 5,955 | |
Adjustments and costs subsequent to acquisition | 113 | |
Gross carrying amount, Land | 800 | |
Gross carrying amount, Building and improvements | 6,068 | |
Gross carrying amount, Total | 6,868 | |
Accumulated depreciation | 990 | |
Baltimore / N Howard St, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,900 | |
Building and improvements initial cost | 5,277 | |
Adjustments and costs subsequent to acquisition | 136 | |
Gross carrying amount, Land | 1,900 | |
Gross carrying amount, Building and improvements | 5,413 | |
Gross carrying amount, Total | 7,313 | |
Accumulated depreciation | 654 | |
Baltimore / Eastern Ave 1, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,540 | |
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 | |
Gross carrying amount, Building and improvements | 5,181 | |
Gross carrying amount, Total | 6,366 | |
Accumulated depreciation | 358 | |
Baltimore / Eastern Ave 2, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,108 | |
Land initial cost | 1,266 | |
Building and improvements initial cost | 10,789 | |
Adjustments and costs subsequent to acquisition | 79 | |
Gross carrying amount, Land | 1,266 | |
Gross carrying amount, Building and improvements | 10,868 | |
Gross carrying amount, Total | 12,134 | |
Accumulated depreciation | 531 | |
Bethesda, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,997 | |
Land initial cost | 3,671 | |
Building and improvements initial cost | 18,331 | |
Adjustments and costs subsequent to acquisition | 1,400 | |
Gross carrying amount, Land | 3,671 | |
Gross carrying amount, Building and improvements | 19,731 | |
Gross carrying amount, Total | 23,402 | |
Accumulated depreciation | 5,407 | |
Capitol Heights, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,276 | |
Land initial cost | 1,461 | |
Building and improvements initial cost | 9,866 | |
Adjustments and costs subsequent to acquisition | 208 | |
Gross carrying amount, Land | 1,461 | |
Gross carrying amount, Building and improvements | 10,074 | |
Gross carrying amount, Total | 11,535 | |
Accumulated depreciation | 1,145 | |
Cockeysville, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,853 | |
Land initial cost | 465 | |
Building and improvements initial cost | 5,600 | |
Adjustments and costs subsequent to acquisition | 204 | |
Gross carrying amount, Land | 465 | |
Gross carrying amount, Building and improvements | 5,804 | |
Gross carrying amount, Total | 6,269 | |
Accumulated depreciation | 449 | |
Columbia, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,873 | |
Land initial cost | 1,736 | |
Building and improvements initial cost | 9,632 | |
Adjustments and costs subsequent to acquisition | 282 | |
Gross carrying amount, Land | 1,736 | |
Gross carrying amount, Building and improvements | 9,914 | |
Gross carrying amount, Total | 11,650 | |
Accumulated depreciation | 2,542 | |
Edgewood, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,000 | |
Adjustments and costs subsequent to acquisition | -575 | |
Gross carrying amount, Land | 425 | |
Gross carrying amount, Total | 425 | |
Ft. Washington, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,040 | |
Land initial cost | 4,920 | |
Building and improvements initial cost | 9,174 | |
Adjustments and costs subsequent to acquisition | 227 | |
Gross carrying amount, Land | 4,920 | |
Gross carrying amount, Building and improvements | 9,401 | |
Gross carrying amount, Total | 14,321 | |
Accumulated depreciation | 1,997 | |
Gambrills, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,842 | |
Land initial cost | 1,905 | |
Building and improvements initial cost | 7,104 | |
Adjustments and costs subsequent to acquisition | 102 | |
Gross carrying amount, Land | 1,905 | |
Gross carrying amount, Building and improvements | 7,206 | |
Gross carrying amount, Total | 9,111 | |
Accumulated depreciation | 456 | |
Glen Burnie, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,514 | |
Land initial cost | 1,303 | |
Building and improvements initial cost | 4,218 | |
Adjustments and costs subsequent to acquisition | 309 | |
Gross carrying amount, Land | 1,303 | |
Gross carrying amount, Building and improvements | 4,527 | |
Gross carrying amount, Total | 5,830 | |
Accumulated depreciation | 469 | |
Hanover, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,437 | |
Land initial cost | 2,160 | |
Building and improvements initial cost | 11,340 | |
Adjustments and costs subsequent to acquisition | 55 | |
Gross carrying amount, Land | 2,160 | |
Gross carrying amount, Building and improvements | 11,395 | |
Gross carrying amount, Total | 13,555 | |
Accumulated depreciation | 454 | |
Lanham, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 12,121 | |
Land initial cost | 3,346 | |
Building and improvements initial cost | 10,079 | |
Adjustments and costs subsequent to acquisition | 621 | |
Gross carrying amount, Land | 2,618 | |
Gross carrying amount, Building and improvements | 11,428 | |
Gross carrying amount, Total | 14,046 | |
Accumulated depreciation | 3,442 | |
Laurel, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,977 | |
Land initial cost | 3,000 | |
Building and improvements initial cost | 5,930 | |
Adjustments and costs subsequent to acquisition | 92 | |
Gross carrying amount, Land | 3,000 | |
Gross carrying amount, Building and improvements | 6,022 | |
Gross carrying amount, Total | 9,022 | |
Accumulated depreciation | 1,149 | |
Lexington Park, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,314 | |
Building and improvements initial cost | 8,412 | |
Adjustments and costs subsequent to acquisition | 131 | |
Gross carrying amount, Land | 4,314 | |
Gross carrying amount, Building and improvements | 8,543 | |
Gross carrying amount, Total | 12,857 | |
Accumulated depreciation | 455 | |
Pasadena / Fort Smallwood Rd, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,751 | |
Land initial cost | 1,869 | |
Building and improvements initial cost | 3,056 | |
Adjustments and costs subsequent to acquisition | 703 | |
Gross carrying amount, Land | 1,869 | |
Gross carrying amount, Building and improvements | 3,759 | |
Gross carrying amount, Total | 5,628 | |
Accumulated depreciation | 840 | |
Pasadena / Mountain Rd, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,500 | |
Building and improvements initial cost | 7,407 | |
Adjustments and costs subsequent to acquisition | 130 | |
Gross carrying amount, Land | 3,500 | |
Gross carrying amount, Building and improvements | 7,537 | |
Gross carrying amount, Total | 11,037 | |
Accumulated depreciation | 705 | |
Randallstown, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,548 | |
Land initial cost | 764 | |
Building and improvements initial cost | 6,331 | |
Adjustments and costs subsequent to acquisition | 280 | |
Gross carrying amount, Land | 764 | |
Gross carrying amount, Building and improvements | 6,611 | |
Gross carrying amount, Total | 7,375 | |
Accumulated depreciation | 612 | |
Rockville, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 12,185 | |
Land initial cost | 4,596 | |
Building and improvements initial cost | 11,328 | |
Adjustments and costs subsequent to acquisition | 322 | |
Gross carrying amount, Land | 4,596 | |
Gross carrying amount, Building and improvements | 11,650 | |
Gross carrying amount, Total | 16,246 | |
Accumulated depreciation | 2,568 | |
Towson / East Joppa Rd 1, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,843 | |
Land initial cost | 861 | |
Building and improvements initial cost | 4,742 | |
Adjustments and costs subsequent to acquisition | 221 | |
Gross carrying amount, Land | 861 | |
Gross carrying amount, Building and improvements | 4,963 | |
Gross carrying amount, Total | 5,824 | |
Accumulated depreciation | 1,331 | |
Towson / East Joppa Rd 2, MD [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,125 | |
Land initial cost | 1,094 | |
Building and improvements initial cost | 9,598 | |
Adjustments and costs subsequent to acquisition | 117 | |
Gross carrying amount, Land | 1,094 | |
Gross carrying amount, Building and improvements | 9,715 | |
Gross carrying amount, Total | 10,809 | |
Accumulated depreciation | 619 | |
Belleville, MI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,898 | |
Land initial cost | 954 | |
Building and improvements initial cost | 4,984 | |
Adjustments and costs subsequent to acquisition | 84 | |
Gross carrying amount, Land | 954 | |
Gross carrying amount, Building and improvements | 5,068 | |
Gross carrying amount, Total | 6,022 | |
Accumulated depreciation | 325 | |
Grandville, MI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,593 | |
Land initial cost | 726 | |
Building and improvements initial cost | 1,298 | |
Adjustments and costs subsequent to acquisition | 408 | |
Gross carrying amount, Land | 726 | |
Gross carrying amount, Building and improvements | 1,706 | |
Gross carrying amount, Total | 2,432 | |
Accumulated depreciation | 572 | |
Mt Clemens, MI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,968 | |
Land initial cost | 798 | |
Building and improvements initial cost | 1,796 | |
Adjustments and costs subsequent to acquisition | 477 | |
Gross carrying amount, Land | 798 | |
Gross carrying amount, Building and improvements | 2,273 | |
Gross carrying amount, Total | 3,071 | |
Accumulated depreciation | 653 | |
Florissant, MO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,412 | |
Land initial cost | 1,241 | |
Building and improvements initial cost | 4,648 | |
Adjustments and costs subsequent to acquisition | 328 | |
Gross carrying amount, Land | 1,241 | |
Gross carrying amount, Building and improvements | 4,976 | |
Gross carrying amount, Total | 6,217 | |
Accumulated depreciation | 1,118 | |
Grandview, MO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,031 | |
Land initial cost | 612 | |
Building and improvements initial cost | 1,770 | |
Adjustments and costs subsequent to acquisition | 404 | |
Gross carrying amount, Land | 612 | |
Gross carrying amount, Building and improvements | 2,174 | |
Gross carrying amount, Total | 2,786 | |
Accumulated depreciation | 713 | |
St Louis / Forest Park, MO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,564 | |
Land initial cost | 156 | |
Building and improvements initial cost | 1,313 | |
Adjustments and costs subsequent to acquisition | 617 | |
Gross carrying amount, Land | 173 | |
Gross carrying amount, Building and improvements | 1,913 | |
Gross carrying amount, Total | 2,086 | |
Accumulated depreciation | 833 | |
St Louis / Halls Ferry Rd, MO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,593 | |
Land initial cost | 631 | |
Building and improvements initial cost | 2,159 | |
Adjustments and costs subsequent to acquisition | 622 | |
Gross carrying amount, Land | 690 | |
Gross carrying amount, Building and improvements | 2,722 | |
Gross carrying amount, Total | 3,412 | |
Accumulated depreciation | 1,093 | |
St Louis / Gravois Rd, MO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,664 | |
Land initial cost | 676 | |
Building and improvements initial cost | 3,551 | |
Adjustments and costs subsequent to acquisition | 325 | |
Gross carrying amount, Land | 676 | |
Gross carrying amount, Building and improvements | 3,876 | |
Gross carrying amount, Total | 4,552 | |
Accumulated depreciation | 879 | |
St Louis / Old Tesson Rd, MO [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,624 | |
Land initial cost | 1,444 | |
Building and improvements initial cost | 4,162 | |
Adjustments and costs subsequent to acquisition | 350 | |
Gross carrying amount, Land | 1,444 | |
Gross carrying amount, Building and improvements | 4,512 | |
Gross carrying amount, Total | 5,956 | |
Accumulated depreciation | 1,006 | |
Cary, NC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,311 | |
Land initial cost | 3,614 | |
Building and improvements initial cost | 1,788 | |
Adjustments and costs subsequent to acquisition | 3 | |
Gross carrying amount, Land | 3,614 | |
Gross carrying amount, Building and improvements | 1,791 | |
Gross carrying amount, Total | 5,405 | |
Accumulated depreciation | 55 | |
Greensboro / High Point Rd, NC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,069 | |
Building and improvements initial cost | 4,199 | |
Gross carrying amount, Land | 1,069 | |
Gross carrying amount, Building and improvements | 4,199 | |
Gross carrying amount, Total | 5,268 | |
Greensboro / Lawndale Drive, NC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 3,725 | |
Building and improvements initial cost | 7,036 | |
Gross carrying amount, Land | 3,723 | |
Gross carrying amount, Building and improvements | 7,038 | |
Gross carrying amount, Total | 10,761 | |
Hickory, NC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 875 | |
Building and improvements initial cost | 5,418 | |
Adjustments and costs subsequent to acquisition | 3 | |
Gross carrying amount, Land | 875 | |
Gross carrying amount, Building and improvements | 5,421 | |
Gross carrying amount, Total | 6,296 | |
Raleigh, NC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,940 | |
Building and improvements initial cost | 4,265 | |
Adjustments and costs subsequent to acquisition | 26 | |
Gross carrying amount, Land | 2,940 | |
Gross carrying amount, Building and improvements | 4,291 | |
Gross carrying amount, Total | 7,231 | |
Accumulated depreciation | 60 | |
Winston-Salem / Peters Creek Pkwy, NC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,548 | |
Building and improvements initial cost | 3,495 | |
Gross carrying amount, Land | 1,548 | |
Gross carrying amount, Building and improvements | 3,495 | |
Gross carrying amount, Total | 5,043 | |
Winston-Salem / University Pkwy, NC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,131 | |
Building and improvements initial cost | 5,084 | |
Gross carrying amount, Land | 1,131 | |
Gross carrying amount, Building and improvements | 5,084 | |
Gross carrying amount, Total | 6,215 | |
Merrimack, NH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,840 | |
Land initial cost | 754 | |
Building and improvements initial cost | 3,299 | |
Adjustments and costs subsequent to acquisition | 599 | |
Gross carrying amount, Land | 817 | |
Gross carrying amount, Building and improvements | 3,835 | |
Gross carrying amount, Total | 4,652 | |
Accumulated depreciation | 1,289 | |
Nashua, NH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 755 | |
Adjustments and costs subsequent to acquisition | 102 | |
Gross carrying amount, Building and improvements | 857 | |
Gross carrying amount, Total | 857 | |
Accumulated depreciation | 328 | |
Avenel, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,612 | |
Land initial cost | 1,518 | |
Building and improvements initial cost | 8,037 | |
Adjustments and costs subsequent to acquisition | 383 | |
Gross carrying amount, Land | 1,518 | |
Gross carrying amount, Building and improvements | 8,420 | |
Gross carrying amount, Total | 9,938 | |
Accumulated depreciation | 2,289 | |
Bayville, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,747 | |
Land initial cost | 1,193 | |
Building and improvements initial cost | 5,312 | |
Adjustments and costs subsequent to acquisition | 389 | |
Gross carrying amount, Land | 1,193 | |
Gross carrying amount, Building and improvements | 5,701 | |
Gross carrying amount, Total | 6,894 | |
Accumulated depreciation | 1,595 | |
Bellmawr, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,296 | |
Land initial cost | 3,600 | |
Building and improvements initial cost | 4,765 | |
Adjustments and costs subsequent to acquisition | 307 | |
Gross carrying amount, Land | 3,675 | |
Gross carrying amount, Building and improvements | 4,997 | |
Gross carrying amount, Total | 8,672 | |
Accumulated depreciation | 760 | |
Berkeley Heights, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,981 | |
Land initial cost | 1,598 | |
Building and improvements initial cost | 7,553 | |
Adjustments and costs subsequent to acquisition | 93 | |
Gross carrying amount, Land | 1,598 | |
Gross carrying amount, Building and improvements | 7,646 | |
Gross carrying amount, Total | 9,244 | |
Accumulated depreciation | 494 | |
Burlington, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 477 | |
Building and improvements initial cost | 6,534 | |
Adjustments and costs subsequent to acquisition | 10 | |
Gross carrying amount, Land | 477 | |
Gross carrying amount, Building and improvements | 6,544 | |
Gross carrying amount, Total | 7,021 | |
Cherry Hill / Marlton Pike, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,600 | |
Land initial cost | 2,323 | |
Building and improvements initial cost | 1,549 | |
Adjustments and costs subsequent to acquisition | 157 | |
Gross carrying amount, Land | 2,323 | |
Gross carrying amount, Building and improvements | 1,706 | |
Gross carrying amount, Total | 4,029 | |
Accumulated depreciation | 108 | |
Cherry Hill / Rockhill Rd, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 536 | |
Building and improvements initial cost | 3,407 | |
Adjustments and costs subsequent to acquisition | 20 | |
Gross carrying amount, Land | 536 | |
Gross carrying amount, Building and improvements | 3,427 | |
Gross carrying amount, Total | 3,963 | |
Cranbury, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,910 | |
Land initial cost | 3,543 | |
Building and improvements initial cost | 5,095 | |
Adjustments and costs subsequent to acquisition | 295 | |
Gross carrying amount, Land | 3,543 | |
Gross carrying amount, Building and improvements | 5,390 | |
Gross carrying amount, Total | 8,933 | |
Accumulated depreciation | 307 | |
Denville, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 584 | |
Building and improvements initial cost | 14,398 | |
Gross carrying amount, Land | 584 | |
Gross carrying amount, Building and improvements | 14,398 | |
Gross carrying amount, Total | 14,982 | |
Edison, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,519 | |
Building and improvements initial cost | 8,547 | |
Adjustments and costs subsequent to acquisition | 733 | |
Gross carrying amount, Land | 2,519 | |
Gross carrying amount, Building and improvements | 9,280 | |
Gross carrying amount, Total | 11,799 | |
Accumulated depreciation | 3,257 | |
Egg Harbor Township, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,088 | |
Land initial cost | 1,724 | |
Building and improvements initial cost | 5,001 | |
Adjustments and costs subsequent to acquisition | 718 | |
Gross carrying amount, Land | 1,724 | |
Gross carrying amount, Building and improvements | 5,719 | |
Gross carrying amount, Total | 7,443 | |
Accumulated depreciation | 2,140 | |
Ewing, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,552 | |
Building and improvements initial cost | 4,720 | |
Adjustments and costs subsequent to acquisition | -61 | |
Gross carrying amount, Land | 1,562 | |
Gross carrying amount, Building and improvements | 4,649 | |
Gross carrying amount, Total | 6,211 | |
Accumulated depreciation | 1,000 | |
Fairfield, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,083 | |
Building and improvements initial cost | 9,402 | |
Adjustments and costs subsequent to acquisition | 93 | |
Gross carrying amount, Building and improvements | 9,495 | |
Gross carrying amount, Total | 9,495 | |
Accumulated depreciation | 610 | |
Fort Lee, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 4,402 | |
Building and improvements initial cost | 9,831 | |
Adjustments and costs subsequent to acquisition | 251 | |
Gross carrying amount, Land | 4,402 | |
Gross carrying amount, Building and improvements | 10,082 | |
Gross carrying amount, Total | 14,484 | |
Accumulated depreciation | 557 | |
Glen Rock, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,109 | |
Building and improvements initial cost | 2,401 | |
Adjustments and costs subsequent to acquisition | 558 | |
Gross carrying amount, Land | 1,222 | |
Gross carrying amount, Building and improvements | 2,846 | |
Gross carrying amount, Total | 4,068 | |
Accumulated depreciation | 962 | |
Hackensack / South River St, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,283 | |
Building and improvements initial cost | 11,234 | |
Adjustments and costs subsequent to acquisition | 862 | |
Gross carrying amount, Land | 2,283 | |
Gross carrying amount, Building and improvements | 12,096 | |
Gross carrying amount, Total | 14,379 | |
Accumulated depreciation | 3,299 | |
Hackensack / Railroad Ave, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,053 | |
Building and improvements initial cost | 9,882 | |
Adjustments and costs subsequent to acquisition | 13 | |
Gross carrying amount, Land | 2,053 | |
Gross carrying amount, Building and improvements | 9,895 | |
Gross carrying amount, Total | 11,948 | |
Hackettstown, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,960 | |
Land initial cost | 2,144 | |
Building and improvements initial cost | 6,660 | |
Adjustments and costs subsequent to acquisition | 138 | |
Gross carrying amount, Land | 2,144 | |
Gross carrying amount, Building and improvements | 6,798 | |
Gross carrying amount, Total | 8,942 | |
Accumulated depreciation | 426 | |
Harrison, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,592 | |
Land initial cost | 300 | |
Building and improvements initial cost | 6,003 | |
Adjustments and costs subsequent to acquisition | 367 | |
Gross carrying amount, Land | 300 | |
Gross carrying amount, Building and improvements | 6,370 | |
Gross carrying amount, Total | 6,670 | |
Accumulated depreciation | 405 | |
Hazlet, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,700 | |
Land initial cost | 1,362 | |
Building and improvements initial cost | 10,262 | |
Adjustments and costs subsequent to acquisition | 605 | |
Gross carrying amount, Land | 1,362 | |
Gross carrying amount, Building and improvements | 10,867 | |
Gross carrying amount, Total | 12,229 | |
Accumulated depreciation | 3,784 | |
Hoboken, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,876 | |
Land initial cost | 2,687 | |
Building and improvements initial cost | 6,092 | |
Adjustments and costs subsequent to acquisition | 309 | |
Gross carrying amount, Land | 2,687 | |
Gross carrying amount, Building and improvements | 6,401 | |
Gross carrying amount, Total | 9,088 | |
Accumulated depreciation | 2,117 | |
Howell, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,310 | |
Land initial cost | 2,440 | |
Building and improvements initial cost | 3,407 | |
Adjustments and costs subsequent to acquisition | 446 | |
Gross carrying amount, Land | 2,440 | |
Gross carrying amount, Building and improvements | 3,853 | |
Gross carrying amount, Total | 6,293 | |
Accumulated depreciation | 1,435 | |
Iselin, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,764 | |
Land initial cost | 505 | |
Building and improvements initial cost | 4,524 | |
Adjustments and costs subsequent to acquisition | 564 | |
Gross carrying amount, Land | 505 | |
Gross carrying amount, Building and improvements | 5,088 | |
Gross carrying amount, Total | 5,593 | |
Accumulated depreciation | 1,890 | |
Lawnside, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,249 | |
Building and improvements initial cost | 5,613 | |
Adjustments and costs subsequent to acquisition | 214 | |
Gross carrying amount, Land | 1,249 | |
Gross carrying amount, Building and improvements | 5,827 | |
Gross carrying amount, Total | 7,076 | |
Accumulated depreciation | 330 | |
Lawrenceville, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,421 | |
Land initial cost | 3,402 | |
Building and improvements initial cost | 10,230 | |
Adjustments and costs subsequent to acquisition | 493 | |
Gross carrying amount, Land | 3,402 | |
Gross carrying amount, Building and improvements | 10,723 | |
Gross carrying amount, Total | 14,125 | |
Accumulated depreciation | 3,165 | |
Linden, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,731 | |
Land initial cost | 1,517 | |
Building and improvements initial cost | 8,384 | |
Adjustments and costs subsequent to acquisition | 253 | |
Gross carrying amount, Land | 1,517 | |
Gross carrying amount, Building and improvements | 8,637 | |
Gross carrying amount, Total | 10,154 | |
Accumulated depreciation | 2,199 | |
Lumberton, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,094 | |
Land initial cost | 831 | |
Building and improvements initial cost | 4,060 | |
Adjustments and costs subsequent to acquisition | 249 | |
Gross carrying amount, Land | 831 | |
Gross carrying amount, Building and improvements | 4,309 | |
Gross carrying amount, Total | 5,140 | |
Accumulated depreciation | 1,264 | |
Lyndhurst, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,679 | |
Building and improvements initial cost | 4,644 | |
Adjustments and costs subsequent to acquisition | 1,019 | |
Gross carrying amount, Land | 2,928 | |
Gross carrying amount, Building and improvements | 5,414 | |
Gross carrying amount, Total | 8,342 | |
Accumulated depreciation | 1,796 | |
Mahwah, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,084 | |
Land initial cost | 1,890 | |
Building and improvements initial cost | 13,112 | |
Adjustments and costs subsequent to acquisition | 218 | |
Gross carrying amount, Land | 1,890 | |
Gross carrying amount, Building and improvements | 13,330 | |
Gross carrying amount, Total | 15,220 | |
Accumulated depreciation | 846 | |
Maple Shade, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,161 | |
Land initial cost | 1,093 | |
Building and improvements initial cost | 5,492 | |
Adjustments and costs subsequent to acquisition | 143 | |
Gross carrying amount, Land | 1,093 | |
Gross carrying amount, Building and improvements | 5,635 | |
Gross carrying amount, Total | 6,728 | |
Accumulated depreciation | 463 | |
Metuchen, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,663 | |
Land initial cost | 1,153 | |
Building and improvements initial cost | 4,462 | |
Adjustments and costs subsequent to acquisition | 341 | |
Gross carrying amount, Land | 1,153 | |
Gross carrying amount, Building and improvements | 4,803 | |
Gross carrying amount, Total | 5,956 | |
Accumulated depreciation | 1,654 | |
Montville, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,083 | |
Land initial cost | 1,511 | |
Building and improvements initial cost | 11,749 | |
Adjustments and costs subsequent to acquisition | 107 | |
Gross carrying amount, Land | 1,511 | |
Gross carrying amount, Building and improvements | 11,856 | |
Gross carrying amount, Total | 13,367 | |
Accumulated depreciation | 734 | |
Morrisville, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
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 | |
Gross carrying amount, Building and improvements | 8,708 | |
Gross carrying amount, Total | 11,195 | |
Accumulated depreciation | 2,600 | |
Mt Laurel, NJ [Member]] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,046 | |
Land initial cost | 329 | |
Building and improvements initial cost | 5,217 | |
Adjustments and costs subsequent to acquisition | 109 | |
Gross carrying amount, Land | 329 | |
Gross carrying amount, Building and improvements | 5,326 | |
Gross carrying amount, Total | 5,655 | |
Accumulated depreciation | 354 | |
Neptune, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,340 | |
Land initial cost | 4,204 | |
Building and improvements initial cost | 8,906 | |
Adjustments and costs subsequent to acquisition | 358 | |
Gross carrying amount, Land | 4,204 | |
Gross carrying amount, Building and improvements | 9,264 | |
Gross carrying amount, Total | 13,468 | |
Accumulated depreciation | 2,029 | |
Newark, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,430 | |
Land initial cost | 806 | |
Building and improvements initial cost | 8,340 | |
Adjustments and costs subsequent to acquisition | 107 | |
Gross carrying amount, Land | 806 | |
Gross carrying amount, Building and improvements | 8,447 | |
Gross carrying amount, Total | 9,253 | |
Accumulated depreciation | 547 | |
North Bergen / River Rd, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,178 | |
Land initial cost | 2,100 | |
Building and improvements initial cost | 6,606 | |
Adjustments and costs subsequent to acquisition | 307 | |
Gross carrying amount, Land | 2,100 | |
Gross carrying amount, Building and improvements | 6,913 | |
Gross carrying amount, Total | 9,013 | |
Accumulated depreciation | 2,162 | |
North Bergen / 83rd St, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,160 | |
Land initial cost | 2,299 | |
Building and improvements initial cost | 12,728 | |
Adjustments and costs subsequent to acquisition | 496 | |
Gross carrying amount, Land | 2,299 | |
Gross carrying amount, Building and improvements | 13,224 | |
Gross carrying amount, Total | 15,523 | |
Accumulated depreciation | 3,381 | |
North Bergen / Kennedy Blvd, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 861 | |
Building and improvements initial cost | 17,127 | |
Adjustments and costs subsequent to acquisition | 170 | |
Gross carrying amount, Land | 861 | |
Gross carrying amount, Building and improvements | 17,297 | |
Gross carrying amount, Total | 18,158 | |
Accumulated depreciation | 1,438 | |
North Brunswick, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,212 | |
Land initial cost | 2,789 | |
Building and improvements initial cost | 4,404 | |
Adjustments and costs subsequent to acquisition | 125 | |
Gross carrying amount, Land | 2,789 | |
Gross carrying amount, Building and improvements | 4,529 | |
Gross carrying amount, Total | 7,318 | |
Accumulated depreciation | 304 | |
Old Bridge, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,605 | |
Land initial cost | 2,758 | |
Building and improvements initial cost | 6,450 | |
Adjustments and costs subsequent to acquisition | 1,001 | |
Gross carrying amount, Land | 2,758 | |
Gross carrying amount, Building and improvements | 7,451 | |
Gross carrying amount, Total | 10,209 | |
Accumulated depreciation | 2,691 | |
Parlin / Cheesequake Rd, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 5,273 | |
Adjustments and costs subsequent to acquisition | 432 | |
Gross carrying amount, Building and improvements | 5,705 | |
Gross carrying amount, Total | 5,705 | |
Accumulated depreciation | 2,249 | |
Parlin / Route 9 North, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,517 | |
Building and improvements initial cost | 4,516 | |
Adjustments and costs subsequent to acquisition | 523 | |
Gross carrying amount, Land | 2,517 | |
Gross carrying amount, Building and improvements | 5,039 | |
Gross carrying amount, Total | 7,556 | |
Accumulated depreciation | 1,562 | |
Parsippany, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,409 | |
Land initial cost | 2,353 | |
Building and improvements initial cost | 7,798 | |
Adjustments and costs subsequent to acquisition | 113 | |
Gross carrying amount, Land | 2,354 | |
Gross carrying amount, Building and improvements | 7,910 | |
Gross carrying amount, Total | 10,264 | |
Accumulated depreciation | 521 | |
Pennsauken, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,712 | |
Land initial cost | 1,644 | |
Building and improvements initial cost | 3,115 | |
Adjustments and costs subsequent to acquisition | 228 | |
Gross carrying amount, Land | 1,644 | |
Gross carrying amount, Building and improvements | 3,343 | |
Gross carrying amount, Total | 4,987 | |
Accumulated depreciation | 365 | |
South Brunswick, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,983 | |
Land initial cost | 1,700 | |
Building and improvements initial cost | 5,835 | |
Adjustments and costs subsequent to acquisition | 143 | |
Gross carrying amount, Land | 1,700 | |
Gross carrying amount, Building and improvements | 5,978 | |
Gross carrying amount, Total | 7,678 | |
Accumulated depreciation | 776 | |
Toms River, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,920 | |
Land initial cost | 1,790 | |
Building and improvements initial cost | 9,935 | |
Adjustments and costs subsequent to acquisition | 385 | |
Gross carrying amount, Land | 1,790 | |
Gross carrying amount, Building and improvements | 10,320 | |
Gross carrying amount, Total | 12,110 | |
Accumulated depreciation | 2,772 | |
Union / Green Ln, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,416 | |
Land initial cost | 1,754 | |
Building and improvements initial cost | 6,237 | |
Adjustments and costs subsequent to acquisition | 402 | |
Gross carrying amount, Land | 1,754 | |
Gross carrying amount, Building and improvements | 6,639 | |
Gross carrying amount, Total | 8,393 | |
Accumulated depreciation | 1,872 | |
Union / Route 22 West, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,133 | |
Building and improvements initial cost | 7,239 | |
Adjustments and costs subsequent to acquisition | 153 | |
Gross carrying amount, Land | 1,133 | |
Gross carrying amount, Building and improvements | 7,392 | |
Gross carrying amount, Total | 8,525 | |
Accumulated depreciation | 410 | |
Watchung, NJ [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,843 | |
Building and improvements initial cost | 4,499 | |
Adjustments and costs subsequent to acquisition | 191 | |
Gross carrying amount, Land | 1,843 | |
Gross carrying amount, Building and improvements | 4,690 | |
Gross carrying amount, Total | 6,533 | |
Accumulated depreciation | 261 | |
Albuquerque / Calle Cuervo NW, NM [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,643 | |
Land initial cost | 1,298 | |
Building and improvements initial cost | 4,628 | |
Adjustments and costs subsequent to acquisition | 633 | |
Gross carrying amount, Land | 1,298 | |
Gross carrying amount, Building and improvements | 5,261 | |
Gross carrying amount, Total | 6,559 | |
Accumulated depreciation | 1,153 | |
Albuquerque / Airport Dr NW, NM [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,908 | |
Land initial cost | 755 | |
Building and improvements initial cost | 1,797 | |
Adjustments and costs subsequent to acquisition | 46 | |
Gross carrying amount, Land | 755 | |
Gross carrying amount, Building and improvements | 1,843 | |
Gross carrying amount, Total | 2,598 | |
Accumulated depreciation | 105 | |
Santa Fe, NM [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,815 | |
Land initial cost | 3,066 | |
Building and improvements initial cost | 7,366 | |
Adjustments and costs subsequent to acquisition | 338 | |
Gross carrying amount, Land | 3,066 | |
Gross carrying amount, Building and improvements | 7,704 | |
Gross carrying amount, Total | 10,770 | |
Accumulated depreciation | 505 | |
Henderson, NV [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,260 | |
Land initial cost | 2,934 | |
Building and improvements initial cost | 8,897 | |
Adjustments and costs subsequent to acquisition | 169 | |
Gross carrying amount, Land | 2,934 | |
Gross carrying amount, Building and improvements | 9,066 | |
Gross carrying amount, Total | 12,000 | |
Accumulated depreciation | 501 | |
Las Vegas / N Lamont St, NV [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,169 | |
Land initial cost | 251 | |
Building and improvements initial cost | 717 | |
Adjustments and costs subsequent to acquisition | 530 | |
Gross carrying amount, Land | 278 | |
Gross carrying amount, Building and improvements | 1,220 | |
Gross carrying amount, Total | 1,498 | |
Accumulated depreciation | 567 | |
Las Vegas / Jones Blvd, NV [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,432 | |
Land initial cost | 1,441 | |
Building and improvements initial cost | 1,810 | |
Adjustments and costs subsequent to acquisition | 136 | |
Gross carrying amount, Land | 1,441 | |
Gross carrying amount, Building and improvements | 1,946 | |
Gross carrying amount, Total | 3,387 | |
Accumulated depreciation | 205 | |
Las Vegas / W Sahara Ave, NV [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,417 | |
Land initial cost | 773 | |
Building and improvements initial cost | 6,006 | |
Adjustments and costs subsequent to acquisition | 103 | |
Gross carrying amount, Land | 773 | |
Gross carrying amount, Building and improvements | 6,109 | |
Gross carrying amount, Total | 6,882 | |
Accumulated depreciation | 345 | |
Las Vegas / W Tropicana Ave, NV [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 400 | |
Building and improvements initial cost | 4,936 | |
Adjustments and costs subsequent to acquisition | 79 | |
Gross carrying amount, Land | 400 | |
Gross carrying amount, Building and improvements | 5,015 | |
Gross carrying amount, Total | 5,415 | |
Accumulated depreciation | 284 | |
Las Vegas / North Lamb Blvd, NV [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,655 | |
Land initial cost | 279 | |
Building and improvements initial cost | 3,900 | |
Adjustments and costs subsequent to acquisition | 15 | |
Gross carrying amount, Land | 279 | |
Gross carrying amount, Building and improvements | 3,915 | |
Gross carrying amount, Total | 4,194 | |
Accumulated depreciation | 544 | |
Amsterdam, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 715 | |
Building and improvements initial cost | 241 | |
Adjustments and costs subsequent to acquisition | -956 | |
Bohemia, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,456 | |
Building and improvements initial cost | 1,398 | |
Adjustments and costs subsequent to acquisition | 375 | |
Gross carrying amount, Land | 1,456 | |
Gross carrying amount, Building and improvements | 1,773 | |
Gross carrying amount, Total | 3,229 | |
Accumulated depreciation | 383 | |
Bronx / Fordham Rd, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,422 | |
Land initial cost | 3,995 | |
Building and improvements initial cost | 11,870 | |
Adjustments and costs subsequent to acquisition | 775 | |
Gross carrying amount, Land | 3,995 | |
Gross carrying amount, Building and improvements | 12,645 | |
Gross carrying amount, Total | 16,640 | |
Accumulated depreciation | 3,584 | |
Bronx / Edson Av, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 17,879 | |
Land initial cost | 3,450 | |
Building and improvements initial cost | 21,210 | |
Adjustments and costs subsequent to acquisition | 376 | |
Gross carrying amount, Land | 3,450 | |
Gross carrying amount, Building and improvements | 21,586 | |
Gross carrying amount, Total | 25,036 | |
Accumulated depreciation | 1,729 | |
Brooklyn / 3rd Ave, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 19,604 | |
Land initial cost | 12,993 | |
Building and improvements initial cost | 10,405 | |
Adjustments and costs subsequent to acquisition | 338 | |
Gross carrying amount, Land | 12,993 | |
Gross carrying amount, Building and improvements | 10,743 | |
Gross carrying amount, Total | 23,736 | |
Accumulated depreciation | 1,797 | |
Brooklyn / Atlantic Ave, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,977 | |
Land initial cost | 2,802 | |
Building and improvements initial cost | 6,536 | |
Adjustments and costs subsequent to acquisition | 231 | |
Gross carrying amount, Land | 2,802 | |
Gross carrying amount, Building and improvements | 6,767 | |
Gross carrying amount, Total | 9,569 | |
Accumulated depreciation | 860 | |
Brooklyn / 64th St, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 21,565 | |
Land initial cost | 16,188 | |
Building and improvements initial cost | 23,309 | |
Adjustments and costs subsequent to acquisition | 333 | |
Gross carrying amount, Land | 16,257 | |
Gross carrying amount, Building and improvements | 23,573 | |
Gross carrying amount, Total | 39,830 | |
Accumulated depreciation | 1,518 | |
Brooklyn / Avenue M, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 12,085 | |
Building and improvements initial cost | 7,665 | |
Gross carrying amount, Land | 12,085 | |
Gross carrying amount, Building and improvements | 7,665 | |
Gross carrying amount, Total | 19,750 | |
Centereach, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,132 | |
Land initial cost | 2,226 | |
Building and improvements initial cost | 1,657 | |
Adjustments and costs subsequent to acquisition | 216 | |
Gross carrying amount, Land | 2,226 | |
Gross carrying amount, Building and improvements | 1,873 | |
Gross carrying amount, Total | 4,099 | |
Accumulated depreciation | 357 | |
Central Valley, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,800 | |
Building and improvements initial cost | 12,173 | |
Adjustments and costs subsequent to acquisition | 447 | |
Gross carrying amount, Land | 2,800 | |
Gross carrying amount, Building and improvements | 12,620 | |
Gross carrying amount, Total | 15,420 | |
Accumulated depreciation | 810 | |
Freeport, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 5,676 | |
Building and improvements initial cost | 3,784 | |
Adjustments and costs subsequent to acquisition | 802 | |
Gross carrying amount, Land | 5,676 | |
Gross carrying amount, Building and improvements | 4,586 | |
Gross carrying amount, Total | 10,262 | |
Accumulated depreciation | 627 | |
Hauppauge, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,580 | |
Land initial cost | 1,238 | |
Building and improvements initial cost | 7,095 | |
Adjustments and costs subsequent to acquisition | 345 | |
Gross carrying amount, Land | 1,238 | |
Gross carrying amount, Building and improvements | 7,440 | |
Gross carrying amount, Total | 8,678 | |
Accumulated depreciation | 489 | |
Hicksville, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,787 | |
Land initial cost | 2,581 | |
Building and improvements initial cost | 10,677 | |
Adjustments and costs subsequent to acquisition | 62 | |
Gross carrying amount, Land | 2,581 | |
Gross carrying amount, Building and improvements | 10,739 | |
Gross carrying amount, Total | 13,320 | |
Accumulated depreciation | 682 | |
Kingston, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,874 | |
Land initial cost | 837 | |
Building and improvements initial cost | 6,199 | |
Adjustments and costs subsequent to acquisition | 91 | |
Gross carrying amount, Land | 837 | |
Gross carrying amount, Building and improvements | 6,290 | |
Gross carrying amount, Total | 7,127 | |
Accumulated depreciation | 405 | |
Mt Vernon / N Mac Questen Pkwy, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,167 | |
Land initial cost | 1,926 | |
Building and improvements initial cost | 7,622 | |
Adjustments and costs subsequent to acquisition | 935 | |
Gross carrying amount, Land | 1,926 | |
Gross carrying amount, Building and improvements | 8,557 | |
Gross carrying amount, Total | 10,483 | |
Accumulated depreciation | 2,692 | |
Mt Vernon / Northwest St, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,585 | |
Building and improvements initial cost | 6,025 | |
Adjustments and costs subsequent to acquisition | 2,940 | |
Gross carrying amount, Land | 1,585 | |
Gross carrying amount, Building and improvements | 8,965 | |
Gross carrying amount, Total | 10,550 | |
Accumulated depreciation | 2,305 | |
Nanuet, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,640 | |
Land initial cost | 2,072 | |
Building and improvements initial cost | 4,644 | |
Adjustments and costs subsequent to acquisition | 1,722 | |
Gross carrying amount, Land | 2,739 | |
Gross carrying amount, Building and improvements | 5,699 | |
Gross carrying amount, Total | 8,438 | |
Accumulated depreciation | 1,924 | |
New Paltz, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,451 | |
Land initial cost | 2,059 | |
Building and improvements initial cost | 3,715 | |
Adjustments and costs subsequent to acquisition | 431 | |
Gross carrying amount, Land | 2,059 | |
Gross carrying amount, Building and improvements | 4,146 | |
Gross carrying amount, Total | 6,205 | |
Accumulated depreciation | 1,232 | |
New York, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 18,847 | |
Land initial cost | 3,060 | |
Building and improvements initial cost | 16,978 | |
Adjustments and costs subsequent to acquisition | 739 | |
Gross carrying amount, Land | 3,060 | |
Gross carrying amount, Building and improvements | 17,717 | |
Gross carrying amount, Total | 20,777 | |
Accumulated depreciation | 4,593 | |
Plainview, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,583 | |
Land initial cost | 4,287 | |
Building and improvements initial cost | 3,710 | |
Adjustments and costs subsequent to acquisition | 689 | |
Gross carrying amount, Land | 4,287 | |
Gross carrying amount, Building and improvements | 4,399 | |
Gross carrying amount, Total | 8,686 | |
Accumulated depreciation | 1,741 | |
Poughkeepsie, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,960 | |
Land initial cost | 1,038 | |
Building and improvements initial cost | 7,862 | |
Adjustments and costs subsequent to acquisition | 94 | |
Gross carrying amount, Land | 1,038 | |
Gross carrying amount, Building and improvements | 7,956 | |
Gross carrying amount, Total | 8,994 | |
Accumulated depreciation | 518 | |
Ridge, NY [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,157 | |
Land initial cost | 1,762 | |
Building and improvements initial cost | 6,934 | |
Adjustments and costs subsequent to acquisition | 34 | |
Gross carrying amount, Land | 1,762 | |
Gross carrying amount, Building and improvements | 6,968 | |
Gross carrying amount, Total | 8,730 | |
Accumulated depreciation | 442 | |
Cincinnati / Glencrossing Way, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,217 | |
Building and improvements initial cost | 1,941 | |
Adjustments and costs subsequent to acquisition | 131 | |
Gross carrying amount, Land | 1,217 | |
Gross carrying amount, Building and improvements | 2,072 | |
Gross carrying amount, Total | 3,289 | |
Accumulated depreciation | 214 | |
Cincinnati / Glendale-Milford Rd, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,541 | |
Land initial cost | 1,815 | |
Building and improvements initial cost | 5,733 | |
Adjustments and costs subsequent to acquisition | 253 | |
Gross carrying amount, Land | 1,815 | |
Gross carrying amount, Building and improvements | 5,986 | |
Gross carrying amount, Total | 7,801 | |
Accumulated depreciation | 619 | |
Cincinnati / Hamilton Ave, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,941 | |
Building and improvements initial cost | 2,177 | |
Adjustments and costs subsequent to acquisition | 228 | |
Gross carrying amount, Land | 2,941 | |
Gross carrying amount, Building and improvements | 2,405 | |
Gross carrying amount, Total | 5,346 | |
Accumulated depreciation | 283 | |
Cincinnati / Wooster Pk, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,445 | |
Building and improvements initial cost | 3,755 | |
Adjustments and costs subsequent to acquisition | 234 | |
Gross carrying amount, Land | 1,445 | |
Gross carrying amount, Building and improvements | 3,989 | |
Gross carrying amount, Total | 5,434 | |
Accumulated depreciation | 423 | |
Columbus / Innis Rd, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,718 | |
Land initial cost | 483 | |
Building and improvements initial cost | 2,654 | |
Adjustments and costs subsequent to acquisition | 636 | |
Gross carrying amount, Land | 483 | |
Gross carrying amount, Building and improvements | 3,290 | |
Gross carrying amount, Total | 3,773 | |
Accumulated depreciation | 1,058 | |
Columbus / Kenny Rd, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,562 | |
Land initial cost | 1,227 | |
Building and improvements initial cost | 5,057 | |
Adjustments and costs subsequent to acquisition | 76 | |
Gross carrying amount, Land | 1,227 | |
Gross carrying amount, Building and improvements | 5,133 | |
Gross carrying amount, Total | 6,360 | |
Accumulated depreciation | 643 | |
Fairfield, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 904 | |
Building and improvements initial cost | 3,856 | |
Adjustments and costs subsequent to acquisition | 284 | |
Gross carrying amount, Land | 904 | |
Gross carrying amount, Building and improvements | 4,140 | |
Gross carrying amount, Total | 5,044 | |
Accumulated depreciation | 122 | |
Greenville, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 189 | |
Building and improvements initial cost | 302 | |
Adjustments and costs subsequent to acquisition | 77 | |
Gross carrying amount, Land | 189 | |
Gross carrying amount, Building and improvements | 379 | |
Gross carrying amount, Total | 568 | |
Accumulated depreciation | 49 | |
Hamilton, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 673 | |
Building and improvements initial cost | 2,910 | |
Adjustments and costs subsequent to acquisition | 112 | |
Gross carrying amount, Land | 673 | |
Gross carrying amount, Building and improvements | 3,022 | |
Gross carrying amount, Total | 3,695 | |
Accumulated depreciation | 299 | |
Hilliard, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,065 | |
Land initial cost | 1,613 | |
Building and improvements initial cost | 2,369 | |
Adjustments and costs subsequent to acquisition | 240 | |
Gross carrying amount, Land | 1,613 | |
Gross carrying amount, Building and improvements | 2,609 | |
Gross carrying amount, Total | 4,222 | |
Accumulated depreciation | 171 | |
Kent, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,406 | |
Land initial cost | 220 | |
Building and improvements initial cost | 1,206 | |
Adjustments and costs subsequent to acquisition | 248 | |
Gross carrying amount, Land | 220 | |
Gross carrying amount, Building and improvements | 1,454 | |
Gross carrying amount, Total | 1,674 | |
Accumulated depreciation | 483 | |
Lebanon, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,657 | |
Building and improvements initial cost | 1,566 | |
Adjustments and costs subsequent to acquisition | 313 | |
Gross carrying amount, Land | 1,657 | |
Gross carrying amount, Building and improvements | 1,879 | |
Gross carrying amount, Total | 3,536 | |
Accumulated depreciation | 208 | |
Mentor / Mentor Ave, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,299 | |
Land initial cost | 409 | |
Building and improvements initial cost | 1,609 | |
Adjustments and costs subsequent to acquisition | 110 | |
Gross carrying amount, Land | 409 | |
Gross carrying amount, Building and improvements | 1,719 | |
Gross carrying amount, Total | 2,128 | |
Accumulated depreciation | 128 | |
Mentor / Heisley Rd, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,253 | |
Land initial cost | 658 | |
Building and improvements initial cost | 1,267 | |
Adjustments and costs subsequent to acquisition | 224 | |
Gross carrying amount, Land | 658 | |
Gross carrying amount, Building and improvements | 1,491 | |
Gross carrying amount, Total | 2,149 | |
Accumulated depreciation | 97 | |
Middletown, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,267 | |
Land initial cost | 534 | |
Building and improvements initial cost | 1,047 | |
Adjustments and costs subsequent to acquisition | 114 | |
Gross carrying amount, Land | 533 | |
Gross carrying amount, Building and improvements | 1,162 | |
Gross carrying amount, Total | 1,695 | |
Accumulated depreciation | 129 | |
Sidney, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 201 | |
Building and improvements initial cost | 262 | |
Adjustments and costs subsequent to acquisition | 66 | |
Gross carrying amount, Land | 201 | |
Gross carrying amount, Building and improvements | 328 | |
Gross carrying amount, Total | 529 | |
Accumulated depreciation | 48 | |
Troy, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 273 | |
Building and improvements initial cost | 544 | |
Adjustments and costs subsequent to acquisition | 119 | |
Gross carrying amount, Land | 273 | |
Gross carrying amount, Building and improvements | 663 | |
Gross carrying amount, Total | 936 | |
Accumulated depreciation | 87 | |
Washington Court House, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,409 | |
Land initial cost | 197 | |
Building and improvements initial cost | 499 | |
Adjustments and costs subsequent to acquisition | 69 | |
Gross carrying amount, Land | 197 | |
Gross carrying amount, Building and improvements | 568 | |
Gross carrying amount, Total | 765 | |
Accumulated depreciation | 68 | |
Whitehall, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,406 | |
Land initial cost | 726 | |
Building and improvements initial cost | 1,965 | |
Adjustments and costs subsequent to acquisition | 102 | |
Gross carrying amount, Land | 726 | |
Gross carrying amount, Building and improvements | 2,067 | |
Gross carrying amount, Total | 2,793 | |
Accumulated depreciation | 228 | |
Willoughby, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,072 | |
Land initial cost | 155 | |
Building and improvements initial cost | 1,811 | |
Adjustments and costs subsequent to acquisition | 44 | |
Gross carrying amount, Land | 155 | |
Gross carrying amount, Building and improvements | 1,855 | |
Gross carrying amount, Total | 2,010 | |
Accumulated depreciation | 120 | |
Xenia, OH [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,629 | |
Land initial cost | 302 | |
Building and improvements initial cost | 1,022 | |
Adjustments and costs subsequent to acquisition | 62 | |
Gross carrying amount, Land | 302 | |
Gross carrying amount, Building and improvements | 1,084 | |
Gross carrying amount, Total | 1,386 | |
Accumulated depreciation | 118 | |
Aloha / NW 185th Ave, OR [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,117 | |
Land initial cost | 1,221 | |
Building and improvements initial cost | 6,262 | |
Adjustments and costs subsequent to acquisition | 285 | |
Gross carrying amount, Land | 1,221 | |
Gross carrying amount, Building and improvements | 6,547 | |
Gross carrying amount, Total | 7,768 | |
Accumulated depreciation | 1,754 | |
Aloha / SW 229th Ave, OR [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,650 | |
Land initial cost | 2,014 | |
Building and improvements initial cost | 5,786 | |
Adjustments and costs subsequent to acquisition | 82 | |
Gross carrying amount, Land | 2,014 | |
Gross carrying amount, Building and improvements | 5,868 | |
Gross carrying amount, Total | 7,882 | |
Accumulated depreciation | 380 | |
King City, OR [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,019 | |
Land initial cost | 2,520 | |
Building and improvements initial cost | 6,845 | |
Adjustments and costs subsequent to acquisition | 66 | |
Gross carrying amount, Land | 2,520 | |
Gross carrying amount, Building and improvements | 6,911 | |
Gross carrying amount, Total | 9,431 | |
Accumulated depreciation | 901 | |
Bensalem / Bristol Pike, PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,258 | |
Land initial cost | 1,131 | |
Building and improvements initial cost | 4,525 | |
Adjustments and costs subsequent to acquisition | 303 | |
Gross carrying amount, Land | 1,131 | |
Gross carrying amount, Building and improvements | 4,828 | |
Gross carrying amount, Total | 5,959 | |
Accumulated depreciation | 1,373 | |
Bensalem / Knights Rd., PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 750 | |
Building and improvements initial cost | 3,015 | |
Adjustments and costs subsequent to acquisition | 194 | |
Gross carrying amount, Land | 750 | |
Gross carrying amount, Building and improvements | 3,209 | |
Gross carrying amount, Total | 3,959 | |
Accumulated depreciation | 801 | |
Doylestown, PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 220 | |
Building and improvements initial cost | 3,442 | |
Adjustments and costs subsequent to acquisition | 1,095 | |
Gross carrying amount, Land | 520 | |
Gross carrying amount, Building and improvements | 4,237 | |
Gross carrying amount, Total | 4,757 | |
Accumulated depreciation | 1,457 | |
Kennedy Township, PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,560 | |
Land initial cost | 736 | |
Building and improvements initial cost | 3,173 | |
Adjustments and costs subsequent to acquisition | 258 | |
Gross carrying amount, Land | 736 | |
Gross carrying amount, Building and improvements | 3,431 | |
Gross carrying amount, Total | 4,167 | |
Accumulated depreciation | 1,332 | |
Philadelphia / Roosevelt Bl, PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,559 | |
Land initial cost | 1,965 | |
Building and improvements initial cost | 5,925 | |
Adjustments and costs subsequent to acquisition | 1,116 | |
Gross carrying amount, Land | 1,965 | |
Gross carrying amount, Building and improvements | 7,041 | |
Gross carrying amount, Total | 9,006 | |
Accumulated depreciation | 2,146 | |
Philadelphia / Wayne Ave, PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,435 | |
Land initial cost | 596 | |
Building and improvements initial cost | 10,368 | |
Adjustments and costs subsequent to acquisition | 14 | |
Gross carrying amount, Land | 596 | |
Gross carrying amount, Building and improvements | 10,382 | |
Gross carrying amount, Total | 10,978 | |
Accumulated depreciation | 855 | |
Pittsburgh / E Entry Dr, PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,560 | |
Land initial cost | 991 | |
Building and improvements initial cost | 1,990 | |
Adjustments and costs subsequent to acquisition | 901 | |
Gross carrying amount, Land | 1,082 | |
Gross carrying amount, Building and improvements | 2,800 | |
Gross carrying amount, Total | 3,882 | |
Accumulated depreciation | 1,052 | |
Pittsburgh / Penn Ave, PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,776 | |
Land initial cost | 889 | |
Building and improvements initial cost | 4,117 | |
Adjustments and costs subsequent to acquisition | 562 | |
Gross carrying amount, Land | 889 | |
Gross carrying amount, Building and improvements | 4,679 | |
Gross carrying amount, Total | 5,568 | |
Accumulated depreciation | 1,831 | |
Willow Grove, PA [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,120 | |
Land initial cost | 1,297 | |
Building and improvements initial cost | 4,027 | |
Adjustments and costs subsequent to acquisition | 219 | |
Gross carrying amount, Land | 1,297 | |
Gross carrying amount, Building and improvements | 4,246 | |
Gross carrying amount, Total | 5,543 | |
Accumulated depreciation | 491 | |
Johnston / Hartford Ave, RI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,655 | |
Land initial cost | 2,658 | |
Building and improvements initial cost | 4,799 | |
Adjustments and costs subsequent to acquisition | 615 | |
Gross carrying amount, Land | 2,658 | |
Gross carrying amount, Building and improvements | 5,414 | |
Gross carrying amount, Total | 8,072 | |
Accumulated depreciation | 1,519 | |
Johnston / Plainfield, RI [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,880 | |
Land initial cost | 533 | |
Building and improvements initial cost | 2,127 | |
Adjustments and costs subsequent to acquisition | 70 | |
Gross carrying amount, Land | 533 | |
Gross carrying amount, Building and improvements | 2,197 | |
Gross carrying amount, Total | 2,730 | |
Accumulated depreciation | 179 | |
Charleston, SC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,470 | |
Land initial cost | 1,279 | |
Building and improvements initial cost | 4,171 | |
Adjustments and costs subsequent to acquisition | 237 | |
Gross carrying amount, Land | 1,279 | |
Gross carrying amount, Building and improvements | 4,408 | |
Gross carrying amount, Total | 5,687 | |
Accumulated depreciation | 1,239 | |
Columbia / Harban Ct, SC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,781 | |
Land initial cost | 838 | |
Building and improvements initial cost | 3,312 | |
Adjustments and costs subsequent to acquisition | 252 | |
Gross carrying amount, Land | 838 | |
Gross carrying amount, Building and improvements | 3,564 | |
Gross carrying amount, Total | 4,402 | |
Accumulated depreciation | 1,047 | |
Columbia / Decker Blvd, SC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,259 | |
Land initial cost | 1,784 | |
Building and improvements initial cost | 2,745 | |
Adjustments and costs subsequent to acquisition | 75 | |
Gross carrying amount, Land | 1,784 | |
Gross carrying amount, Building and improvements | 2,820 | |
Gross carrying amount, Total | 4,604 | |
Accumulated depreciation | 182 | |
Goose Creek, SC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,683 | |
Building and improvements initial cost | 4,372 | |
Adjustments and costs subsequent to acquisition | 1,071 | |
Gross carrying amount, Land | 1,683 | |
Gross carrying amount, Building and improvements | 5,443 | |
Gross carrying amount, Total | 7,126 | |
Accumulated depreciation | 1,431 | |
Summerville, SC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 450 | |
Building and improvements initial cost | 4,454 | |
Adjustments and costs subsequent to acquisition | 196 | |
Gross carrying amount, Land | 450 | |
Gross carrying amount, Building and improvements | 4,650 | |
Gross carrying amount, Total | 5,100 | |
Accumulated depreciation | 1,307 | |
Taylors, SC [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,433 | |
Building and improvements initial cost | 6,071 | |
Gross carrying amount, Land | 1,433 | |
Gross carrying amount, Building and improvements | 6,071 | |
Gross carrying amount, Total | 7,504 | |
Bartlett, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,430 | |
Land initial cost | 632 | |
Building and improvements initial cost | 3,798 | |
Adjustments and costs subsequent to acquisition | 81 | |
Gross carrying amount, Land | 632 | |
Gross carrying amount, Building and improvements | 3,879 | |
Gross carrying amount, Total | 4,511 | |
Accumulated depreciation | 248 | |
Cordova / N Germantown Pkwy 1, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,531 | |
Land initial cost | 852 | |
Building and improvements initial cost | 2,720 | |
Adjustments and costs subsequent to acquisition | 282 | |
Gross carrying amount, Land | 852 | |
Gross carrying amount, Building and improvements | 3,002 | |
Gross carrying amount, Total | 3,854 | |
Accumulated depreciation | 890 | |
Cordova / Patriot Cove, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 894 | |
Building and improvements initial cost | 2,680 | |
Adjustments and costs subsequent to acquisition | 159 | |
Gross carrying amount, Land | 894 | |
Gross carrying amount, Building and improvements | 2,839 | |
Gross carrying amount, Total | 3,733 | |
Accumulated depreciation | 637 | |
Cordova / Houston Levee Rd, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,014 | |
Land initial cost | 652 | |
Building and improvements initial cost | 1,791 | |
Adjustments and costs subsequent to acquisition | 91 | |
Gross carrying amount, Land | 652 | |
Gross carrying amount, Building and improvements | 1,882 | |
Gross carrying amount, Total | 2,534 | |
Accumulated depreciation | 202 | |
Cordova / N Germantown Pkwy 2, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,467 | |
Land initial cost | 8,187 | |
Building and improvements initial cost | 4,628 | |
Adjustments and costs subsequent to acquisition | 35 | |
Gross carrying amount, Land | 8,187 | |
Gross carrying amount, Building and improvements | 4,663 | |
Gross carrying amount, Total | 12,850 | |
Accumulated depreciation | 936 | |
Franklin, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,184 | |
Land initial cost | 3,357 | |
Building and improvements initial cost | 8,984 | |
Adjustments and costs subsequent to acquisition | 178 | |
Gross carrying amount, Land | 3,357 | |
Gross carrying amount, Building and improvements | 9,162 | |
Gross carrying amount, Total | 12,519 | |
Accumulated depreciation | 522 | |
Memphis / Covington Way, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,657 | |
Land initial cost | 274 | |
Building and improvements initial cost | 2,623 | |
Adjustments and costs subsequent to acquisition | 29 | |
Gross carrying amount, Land | 274 | |
Gross carrying amount, Building and improvements | 2,652 | |
Gross carrying amount, Total | 2,926 | |
Accumulated depreciation | 173 | |
Memphis / Raleigh-LaGrange, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,007 | |
Land initial cost | 110 | |
Building and improvements initial cost | 1,280 | |
Adjustments and costs subsequent to acquisition | 33 | |
Gross carrying amount, Land | 110 | |
Gross carrying amount, Building and improvements | 1,313 | |
Gross carrying amount, Total | 1,423 | |
Accumulated depreciation | 86 | |
Memphis / Summer Ave, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,463 | |
Land initial cost | 1,040 | |
Building and improvements initial cost | 3,867 | |
Adjustments and costs subsequent to acquisition | 165 | |
Gross carrying amount, Land | 1,040 | |
Gross carrying amount, Building and improvements | 4,032 | |
Gross carrying amount, Total | 5,072 | |
Accumulated depreciation | 229 | |
Memphis / Mt Moriah, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,573 | |
Land initial cost | 1,617 | |
Building and improvements initial cost | 2,875 | |
Adjustments and costs subsequent to acquisition | 145 | |
Gross carrying amount, Land | 1,617 | |
Gross carrying amount, Building and improvements | 3,020 | |
Gross carrying amount, Total | 4,637 | |
Accumulated depreciation | 169 | |
Memphis / Mt Moriah Terrace, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,968 | |
Land initial cost | 1,313 | |
Building and improvements initial cost | 2,928 | |
Adjustments and costs subsequent to acquisition | 5 | |
Gross carrying amount, Land | 1,313 | |
Gross carrying amount, Building and improvements | 2,933 | |
Gross carrying amount, Total | 4,246 | |
Accumulated depreciation | 341 | |
Memphis / Riverdale Bend, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,905 | |
Land initial cost | 803 | |
Building and improvements initial cost | 4,635 | |
Adjustments and costs subsequent to acquisition | 124 | |
Gross carrying amount, Land | 803 | |
Gross carrying amount, Building and improvements | 4,759 | |
Gross carrying amount, Total | 5,562 | |
Accumulated depreciation | 451 | |
Nashville, TN [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,852 | |
Land initial cost | 390 | |
Building and improvements initial cost | 2,598 | |
Adjustments and costs subsequent to acquisition | 924 | |
Gross carrying amount, Land | 390 | |
Gross carrying amount, Building and improvements | 3,522 | |
Gross carrying amount, Total | 3,912 | |
Accumulated depreciation | 1,090 | |
Allen, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,507 | |
Land initial cost | 901 | |
Building and improvements initial cost | 5,553 | |
Adjustments and costs subsequent to acquisition | 253 | |
Gross carrying amount, Land | 901 | |
Gross carrying amount, Building and improvements | 5,806 | |
Gross carrying amount, Total | 6,707 | |
Accumulated depreciation | 1,296 | |
Arlington, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,159 | |
Land initial cost | 534 | |
Building and improvements initial cost | 2,525 | |
Adjustments and costs subsequent to acquisition | 426 | |
Gross carrying amount, Land | 534 | |
Gross carrying amount, Building and improvements | 2,951 | |
Gross carrying amount, Total | 3,485 | |
Accumulated depreciation | 948 | |
Austin / Burnet Rd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,044 | |
Land initial cost | 870 | |
Building and improvements initial cost | 4,455 | |
Adjustments and costs subsequent to acquisition | 351 | |
Gross carrying amount, Land | 870 | |
Gross carrying amount, Building and improvements | 4,806 | |
Gross carrying amount, Total | 5,676 | |
Accumulated depreciation | 1,401 | |
Austin / McNeil Dr, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,249 | |
Land initial cost | 3,411 | |
Building and improvements initial cost | 4,502 | |
Adjustments and costs subsequent to acquisition | 50 | |
Gross carrying amount, Land | 3,411 | |
Gross carrying amount, Building and improvements | 4,552 | |
Gross carrying amount, Total | 7,963 | |
Accumulated depreciation | 485 | |
Austin / North Lamar Blvd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,129 | |
Land initial cost | 1,047 | |
Building and improvements initial cost | 9,969 | |
Adjustments and costs subsequent to acquisition | 6 | |
Gross carrying amount, Land | 1,047 | |
Gross carrying amount, Building and improvements | 9,975 | |
Gross carrying amount, Total | 11,022 | |
Accumulated depreciation | 96 | |
Dallas / E NW Hwy, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,541 | |
Land initial cost | 4,432 | |
Building and improvements initial cost | 6,181 | |
Adjustments and costs subsequent to acquisition | 1,174 | |
Gross carrying amount, Land | 4,432 | |
Gross carrying amount, Building and improvements | 7,355 | |
Gross carrying amount, Total | 11,787 | |
Accumulated depreciation | 2,016 | |
Dallas / Garland Rd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,004 | |
Land initial cost | 337 | |
Building and improvements initial cost | 2,216 | |
Adjustments and costs subsequent to acquisition | 611 | |
Gross carrying amount, Land | 337 | |
Gross carrying amount, Building and improvements | 2,827 | |
Gross carrying amount, Total | 3,164 | |
Accumulated depreciation | 836 | |
Dallas / Inwood Rd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,274 | |
Land initial cost | 1,980 | |
Building and improvements initial cost | 12,501 | |
Adjustments and costs subsequent to acquisition | 556 | |
Gross carrying amount, Land | 1,980 | |
Gross carrying amount, Building and improvements | 13,057 | |
Gross carrying amount, Total | 15,037 | |
Accumulated depreciation | 3,003 | |
Dallas / Preston Rd 1, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,194 | |
Land initial cost | 921 | |
Building and improvements initial cost | 7,656 | |
Adjustments and costs subsequent to acquisition | 103 | |
Gross carrying amount, Land | 921 | |
Gross carrying amount, Building and improvements | 7,759 | |
Gross carrying amount, Total | 8,680 | |
Accumulated depreciation | 503 | |
Dallas / Preston Rd 2, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,866 | |
Land initial cost | 2,542 | |
Building and improvements initial cost | 3,274 | |
Adjustments and costs subsequent to acquisition | 266 | |
Gross carrying amount, Land | 2,542 | |
Gross carrying amount, Building and improvements | 3,540 | |
Gross carrying amount, Total | 6,082 | |
Accumulated depreciation | 246 | |
Dallas / N Central Expressway, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,124 | |
Land initial cost | 7,143 | |
Building and improvements initial cost | 6,353 | |
Adjustments and costs subsequent to acquisition | 41 | |
Gross carrying amount, Land | 7,143 | |
Gross carrying amount, Building and improvements | 6,394 | |
Gross carrying amount, Total | 13,537 | |
Accumulated depreciation | 833 | |
Dallas / N Central Expressway-Annex, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 6,249 | |
Building and improvements initial cost | 8,666 | |
Gross carrying amount, Land | 6,249 | |
Gross carrying amount, Building and improvements | 8,666 | |
Gross carrying amount, Total | 14,915 | |
Euless / W Euless Blvd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,880 | |
Land initial cost | 671 | |
Building and improvements initial cost | 3,213 | |
Adjustments and costs subsequent to acquisition | 655 | |
Gross carrying amount, Land | 671 | |
Gross carrying amount, Building and improvements | 3,868 | |
Gross carrying amount, Total | 4,539 | |
Accumulated depreciation | 485 | |
Euless / Mid-Cities Blvd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,453 | |
Land initial cost | 1,374 | |
Building and improvements initial cost | 5,636 | |
Adjustments and costs subsequent to acquisition | 76 | |
Gross carrying amount, Land | 1,374 | |
Gross carrying amount, Building and improvements | 5,712 | |
Gross carrying amount, Total | 7,086 | |
Accumulated depreciation | 247 | |
Fort Worth / White Settlement Rd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,734 | |
Land initial cost | 3,158 | |
Building and improvements initial cost | 2,512 | |
Adjustments and costs subsequent to acquisition | 76 | |
Gross carrying amount, Land | 3,158 | |
Gross carrying amount, Building and improvements | 2,588 | |
Gross carrying amount, Total | 5,746 | |
Accumulated depreciation | 78 | |
Fort Worth / Mandy Lane, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 2,033 | |
Building and improvements initial cost | 2,495 | |
Adjustments and costs subsequent to acquisition | 120 | |
Gross carrying amount, Land | 2,033 | |
Gross carrying amount, Building and improvements | 2,615 | |
Gross carrying amount, Total | 4,648 | |
Accumulated depreciation | 75 | |
Ft. Worth, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,507 | |
Land initial cost | 631 | |
Building and improvements initial cost | 5,794 | |
Adjustments and costs subsequent to acquisition | 294 | |
Gross carrying amount, Land | 631 | |
Gross carrying amount, Building and improvements | 6,088 | |
Gross carrying amount, Total | 6,719 | |
Accumulated depreciation | 1,727 | |
Garland, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,424 | |
Building and improvements initial cost | 2,209 | |
Adjustments and costs subsequent to acquisition | 109 | |
Gross carrying amount, Land | 1,424 | |
Gross carrying amount, Building and improvements | 2,318 | |
Gross carrying amount, Total | 3,742 | |
Accumulated depreciation | 69 | |
Grand Prairie / N Hwy 360 1, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,333 | |
Land initial cost | 551 | |
Building and improvements initial cost | 2,330 | |
Adjustments and costs subsequent to acquisition | 338 | |
Gross carrying amount, Land | 551 | |
Gross carrying amount, Building and improvements | 2,668 | |
Gross carrying amount, Total | 3,219 | |
Accumulated depreciation | 789 | |
Grand Prairie / N Hwy 360 2, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,201 | |
Land initial cost | 2,327 | |
Building and improvements initial cost | 1,551 | |
Adjustments and costs subsequent to acquisition | 174 | |
Gross carrying amount, Land | 2,327 | |
Gross carrying amount, Building and improvements | 1,725 | |
Gross carrying amount, Total | 4,052 | |
Accumulated depreciation | 124 | |
Houston / Southwest Freeway, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,768 | |
Land initial cost | 2,596 | |
Building and improvements initial cost | 8,735 | |
Adjustments and costs subsequent to acquisition | 405 | |
Gross carrying amount, Land | 2,596 | |
Gross carrying amount, Building and improvements | 9,140 | |
Gross carrying amount, Total | 11,736 | |
Accumulated depreciation | 2,135 | |
Houston / Ryewater Dr, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 402 | |
Building and improvements initial cost | 1,870 | |
Adjustments and costs subsequent to acquisition | 192 | |
Gross carrying amount, Land | 402 | |
Gross carrying amount, Building and improvements | 2,062 | |
Gross carrying amount, Total | 2,464 | |
Accumulated depreciation | 253 | |
Houston / Space Center Blvd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,829 | |
Land initial cost | 1,036 | |
Building and improvements initial cost | 8,133 | |
Adjustments and costs subsequent to acquisition | 94 | |
Gross carrying amount, Land | 1,036 | |
Gross carrying amount, Building and improvements | 8,227 | |
Gross carrying amount, Total | 9,263 | |
Accumulated depreciation | 625 | |
Houston / South Main, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,187 | |
Land initial cost | 2,017 | |
Building and improvements initial cost | 4,181 | |
Adjustments and costs subsequent to acquisition | 30 | |
Gross carrying amount, Land | 2,017 | |
Gross carrying amount, Building and improvements | 4,211 | |
Gross carrying amount, Total | 6,228 | |
Accumulated depreciation | 516 | |
Houston / Katy Fwy, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,767 | |
Building and improvements initial cost | 12,368 | |
Adjustments and costs subsequent to acquisition | 28 | |
Gross carrying amount, Land | 1,767 | |
Gross carrying amount, Building and improvements | 12,396 | |
Gross carrying amount, Total | 14,163 | |
Accumulated depreciation | 279 | |
Killeen, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 1,207 | |
Building and improvements initial cost | 1,688 | |
Adjustments and costs subsequent to acquisition | 334 | |
Gross carrying amount, Land | 1,207 | |
Gross carrying amount, Building and improvements | 2,022 | |
Gross carrying amount, Total | 3,229 | |
Accumulated depreciation | 55 | |
La Porte, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
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 | |
Gross carrying amount, Building and improvements | 2,624 | |
Gross carrying amount, Total | 4,232 | |
Accumulated depreciation | 348 | |
Plano / Plano Parkway, TX [Member]] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,160 | |
Land initial cost | 1,010 | |
Building and improvements initial cost | 6,203 | |
Adjustments and costs subsequent to acquisition | 390 | |
Gross carrying amount, Land | 1,010 | |
Gross carrying amount, Building and improvements | 6,593 | |
Gross carrying amount, Total | 7,603 | |
Accumulated depreciation | 1,455 | |
Plano / Spring Creek, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,483 | |
Land initial cost | 614 | |
Building and improvements initial cost | 3,775 | |
Adjustments and costs subsequent to acquisition | 283 | |
Gross carrying amount, Land | 614 | |
Gross carrying amount, Building and improvements | 4,058 | |
Gross carrying amount, Total | 4,672 | |
Accumulated depreciation | 929 | |
Plano / Wagner Way, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,093 | |
Land initial cost | 2,753 | |
Building and improvements initial cost | 4,353 | |
Adjustments and costs subsequent to acquisition | 40 | |
Gross carrying amount, Land | 2,753 | |
Gross carrying amount, Building and improvements | 4,393 | |
Gross carrying amount, Total | 7,146 | |
Accumulated depreciation | 549 | |
Rowlett, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,138 | |
Land initial cost | 1,002 | |
Building and improvements initial cost | 2,601 | |
Adjustments and costs subsequent to acquisition | 325 | |
Gross carrying amount, Land | 1,002 | |
Gross carrying amount, Building and improvements | 2,926 | |
Gross carrying amount, Total | 3,928 | |
Accumulated depreciation | 710 | |
San Antonio / Culebra Rd, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,425 | |
Land initial cost | 1,269 | |
Building and improvements initial cost | 1,816 | |
Adjustments and costs subsequent to acquisition | 697 | |
Gross carrying amount, Land | 1,269 | |
Gross carrying amount, Building and improvements | 2,513 | |
Gross carrying amount, Total | 3,782 | |
Accumulated depreciation | 838 | |
San Antonio / Westchase Dr, TX [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,458 | |
Land initial cost | 253 | |
Building and improvements initial cost | 1,496 | |
Adjustments and costs subsequent to acquisition | 210 | |
Gross carrying amount, Land | 253 | |
Gross carrying amount, Building and improvements | 1,706 | |
Gross carrying amount, Total | 1,959 | |
Accumulated depreciation | 514 | |
Intangible Tenant Relationships and Lease Rights [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements initial cost | 60,011 | |
Adjustments and costs subsequent to acquisition | 20,979 | |
Gross carrying amount, Building and improvements | 80,990 | |
Gross carrying amount, Total | 80,990 | |
Accumulated depreciation | 72,740 | |
Other Corporate Assets [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land initial cost | 849 | |
Building and improvements initial cost | 2,202 | |
Adjustments and costs subsequent to acquisition | 73,752 | |
Gross carrying amount, Building and improvements | 76,803 | |
Gross carrying amount, Total | 76,803 | |
Accumulated depreciation | 12,845 | |
Construction In progress [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | 17,870 | |
Gross carrying amount, Building and improvements | 17,870 | |
Gross carrying amount, Total | $17,870 |
Schedule_III_Real_Estate_and_A2
Schedule III - Real Estate and Accumulated Depreciation 1 (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Operating facilities | |||
Balance at end of year | $4,722,162 | $4,126,648 | |
Accumulated depreciation: | |||
Balance at end of year | 604,336 | 496,754 | |
Real estate under development/redevelopment: | |||
Balance at end of year | 4,722,162 | 4,126,648 | |
Net real estate assets | 4,135,696 | 3,636,544 | 2,991,722 |
Aggregate cost of real estate for U.S. federal income tax purposes | 4,135,696 | ||
Operating Facilities [Member] | |||
Operating facilities | |||
Balance at beginning of year | 4,126,648 | 3,379,512 | 2,573,731 |
Acquisitions | 557,158 | 711,710 | 761,977 |
Improvements | 32,861 | 37,949 | 34,964 |
Dispositions and other | 12,308 | 3,643 | 8,957 |
Dispositions and other | -6,813 | -6,166 | -117 |
Balance at end of year | 4,722,162 | 4,126,648 | 3,379,512 |
Accumulated depreciation: | |||
Balance at beginning of year | 496,754 | 391,928 | 319,302 |
Depreciation expense | 109,531 | 104,963 | 72,626 |
Dispositions and other | -1,949 | -137 | |
Balance at end of year | 604,336 | 496,754 | 391,928 |
Real estate under development/redevelopment: | |||
Balance at beginning of year | 4,126,648 | 3,379,512 | 2,573,731 |
Acquisitions | 557,158 | 711,710 | 761,977 |
Improvements | 32,861 | 37,949 | 34,964 |
Dispositions and other | 12,308 | 3,643 | 8,957 |
Dispositions and other | -6,813 | -6,166 | -117 |
Balance at end of year | 4,722,162 | 4,126,648 | 3,379,512 |
Real Estate Under Development/Redevelopment [Member] | |||
Operating facilities | |||
Balance at beginning of year | 6,650 | 4,138 | 9,366 |
Current development | 23,528 | 6,466 | 3,759 |
Dispositions and other | -12,308 | -3,954 | -8,987 |
Balance at end of year | 17,870 | 6,650 | 4,138 |
Real estate under development/redevelopment: | |||
Balance at beginning of year | 6,650 | 4,138 | 9,366 |
Current development | 23,528 | 6,466 | 3,759 |
Dispositions and other | -12,308 | -3,954 | -8,987 |
Balance at end of year | $17,870 | $6,650 | $4,138 |