CubeSmart 10-K 28 Feb 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Feb. 25, 2014	Jun. 28, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'CubeSmart	'	'
Entity Central Index Key	'0001298675	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Large Accelerated Filer	'	'
Entity Public Float	'	'	$2,148,192,535
Entity Common Stock, Shares Outstanding	'	140,289,967	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
ASSETS	'	'
Storage facilities	$2,553,706	$2,443,022
Less: Accumulated depreciation	-398,536	-353,315
Storage facilities, net (including VIE assets of $34,559 and $11,586)	2,155,170	2,089,707
Cash and cash equivalents	3,176	4,495
Restricted cash	4,025	6,070
Loan procurement costs, net of amortization	12,687	8,253
Investment in real estate venture, at equity	156,310	'
Other assets, net	27,256	41,794
Total assets	2,358,624	2,150,319
LIABILITIES AND EQUITY	'	'
Unsecured senior notes	500,000	250,000
Revolving credit facility	38,600	45,000
Unsecured term loans	400,000	500,000
Mortgage loans and notes payable	200,218	228,759
Accounts payable, accrued expenses and other liabilities	57,599	60,708
Distributions payable	19,955	16,419
Deferred revenue	12,394	11,090
Security deposits	376	444
Total liabilities	1,229,142	1,112,420
Noncontrolling interests in the Operating Partnership	36,275	47,990
Commitments and contingencies	'	'
Equity	'	'
7.75% Series A Preferred shares $.01 par value, 3,220,000 shares authorized, 3,100,000 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively	31	31
Common shares $.01 par value, 200,000,000 shares authorized, 139,328,366 and 131,794,547 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively	1,393	1,318
Additional paid-in capital	1,542,703	1,418,463
Accumulated other comprehensive loss	-11,014	-19,796
Accumulated deficit	-440,837	-410,225
Total CubeSmart shareholders' equity	1,092,276	989,791
Noncontrolling interests in subsidiaries	931	118
Total equity	1,093,207	989,909
Total liabilities and equity	$2,358,624	$2,150,319

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Storage facilities, net	$2,155,170	$2,089,707
Series A Preferred shares, percentage	7.75%	7.75%
Series A Preferred shares, par value (in dollars per share)	$0.01	$0.01
Series A Preferred shares, shares authorized	3,220,000	3,220,000
Series A Preferred shares, shares issued	3,100,000	3,100,000
Series A Preferred shares, shares outstanding	3,100,000	3,100,000
Common shares, par value (in dollars per share)	$0.01	$0.01
Common shares, shares authorized	200,000,000	200,000,000
Common shares, shares issued	139,328,366	131,794,547
Common shares, shares outstanding	139,328,366	131,794,547
VIE	'	'
Storage facilities, net	$34,559	$11,586

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
REVENUES	'	'	'
Rental income	$281,250	$236,160	$188,249
Other property related income	32,365	25,821	18,987
Property management fee income	4,780	4,341	3,768
Total revenues	318,395	266,322	211,004
OPERATING EXPENSES	'	'	'
Property operating expenses	118,222	103,488	87,570
Depreciation and amortization	112,313	109,830	61,972
General and administrative	29,563	26,131	24,693
Total operating expenses	260,098	239,449	174,235
OPERATING INCOME	58,297	26,873	36,769
Interest:	'	'	'
Interest expense on loans	-40,424	-40,318	-32,787
Loan procurement amortization expense	-2,058	-3,279	-5,028
Loan procurement amortization expense - early repayment of debt	-414	'	-8,167
Acquisition related costs	-3,849	-3,086	-3,823
Equity in losses of real estate ventures	-1,151	-745	-281
Gain from remeasurement of investment in real estate venture	'	7,023	'
Other	8	256	-83
Total other expense	-47,888	-40,149	-50,169
INCOME (LOSS) FROM CONTINUING OPERATIONS	10,409	-13,276	-13,400
DISCONTINUED OPERATIONS	'	'	'
Income from discontinued operations	4,145	7,093	11,944
Gain from disposition of discontinued operations	27,440	9,811	3,903
Total discontinued operations	31,585	16,904	15,847
NET INCOME	41,994	3,628	2,447
NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	'	'	'
Noncontrolling interests in the Operating Partnership	-588	107	-35
Noncontrolling interest in subsidiaries	42	-1,918	-2,810
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	41,448	1,817	-398
Distribution to preferred shareholders	-6,008	-6,008	-1,218
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS	35,440	-4,191	-1,616
Basic earnings (loss) per share from continuing operations attributable to common shareholders (in dollars per share)	$0.03	($0.17)	($0.16)
Basic earnings per share from discontinued operations attributable to common shareholders (in dollars per share)	$0.23	$0.14	$0.14
Basic earnings (loss) per share attributable to common shareholders (in dollars per share)	$0.26	($0.03)	($0.02)
Diluted earnings (loss) per share from continuing operations attributable to common shareholders (in dollars per share)	$0.03	($0.17)	($0.16)
Diluted earnings per share from discontinued operations attributable to common shareholders (in dollars per share)	$0.23	$0.14	$0.14
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share)	$0.26	($0.03)	($0.02)
Weighted-average basic shares outstanding (in shares)	135,191	124,548	102,976
Weighted-average diluted shares outstanding (in shares)	137,742	124,548	102,976
AMOUNTS ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS:	'	'	'
Income (loss) from continuing operations	4,392	-20,689	-16,734
Total discontinued operations	31,048	16,498	15,118
Net income (loss)	$35,440	($4,191)	($1,616)

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'
NET INCOME	$41,994	$3,628	$2,447
Other comprehensive income (loss):	'	'	'
Unrealized gains (losses) on interest rate swaps	2,636	-13,548	-14,477
Reclassification of realized losses on interest rate swaps	6,266	6,082	2,083
Unrealized gain on foreign currency translation	56	172	151
OTHER COMPREHENSIVE INCOME (LOSS)	8,958	-7,294	-12,243
COMPREHENSIVE INCOME (LOSS)	50,952	-3,666	-9,796
Comprehensive (income) loss attributable to noncontrolling interests in the Operating Partnership	-740	445	503
Comprehensive loss (income) attributable to noncontrolling interest in subsidiaries	18	-1,927	-2,815
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	$50,230	($5,148)	($12,108)

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (USD $)	Total	Noncontrolling Interests in the Operating Partnership	Total Shareholders' Equity	Common Shares	Preferred Shares	Additional Paid-in Capital	Accumulated Other Comprehensive (Loss) Income	Accumulated Deficit	Noncontrolling Interest in Subsidiaries
In Thousands, except Share data, unless otherwise specified
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2010	$45,145	$45,145	'	'	'	'	'	'	'
Balance at Dec. 31, 2010	765,408	'	724,216	986	'	1,026,952	-1,121	-302,601	41,192
Balance (in shares) at Dec. 31, 2010	'	'	'	98,597,000	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Contributions from noncontrolling interest in subsidiaries	1	'	'	'	'	'	'	'	1
Issuance of common shares, net	204,019	'	204,019	231	'	203,788	'	'	'
Issuance of common shares, net (in shares)	'	'	'	23,140,000	'	'	'	'	'
Issuance of preferred shares, net	74,848	'	74,848	'	31	74,817	'	'	'
Issuance of preferred shares, net (in shares)	'	'	'	'	3,100,000	'	'	'	'
Issuance of restricted shares	3	'	3	3	'	'	'	'	'
Issuance of restricted shares (in shares)	'	'	'	235,000	'	'	'	'	'
Conversion from units to shares	624	-624	624	1	'	623	'	'	'
Conversion from units to shares (in shares)	'	'	'	63,000	'	'	'	'	'
Exercise of stock options	121	'	121	'	'	121	'	'	'
Exercise of stock options (in shares)	'	'	'	24,000	'	'	'	'	'
Amortization of restricted shares	1,677	'	1,677	'	'	1,677	'	'	'
Share compensation expense	1,527	'	1,527	'	'	1,527	'	'	'
Adjustment for noncontrolling interests in the Operating Partnership	-7,082	7,082	-7,082	'	'	'	'	-7,082	'
Net income (loss)	-1,616	35	-398	'	'	'	'	-398	2,810
Net income (loss), including temporary equity	2,412	'	'	'	'	'	'	'	'
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'
Unrealized gain (losses) on interest rate swap	-11,849	-545	-11,849	'	'	'	-11,849	'	'
Unrealized gain on foreign currency translation	144	7	139	'	'	'	139	'	5
Preferred share distributions	-1,218	'	-1,218	'	'	'	'	-1,218	'
Common share distributions	-35,313	-1,368	-30,714	'	'	'	'	-30,714	-4,599
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2011	49,732	49,732	'	'	'	'	'	'	'
Balance at Dec. 31, 2011	995,322	'	955,913	1,221	31	1,309,505	-12,831	-342,013	39,409
Balance (in shares) at Dec. 31, 2011	'	'	'	122,059,000	3,100,000	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Issuance of common shares, net	102,079	'	102,079	79	'	102,000	'	'	'
Issuance of common shares, net (in shares)	'	'	'	7,900,000	'	'	'	'	'
Issuance of restricted shares	2	'	2	2	'	'	'	'	'
Issuance of restricted shares (in shares)	'	'	'	246,000	'	'	'	'	'
Conversion from units to shares	19,247	-19,247	19,247	14	'	19,233	'	'	'
Conversion from units to shares (in shares)	'	'	'	1,380,000	'	'	'	'	'
Exercise of stock options	1,629	'	1,629	2	'	1,627	'	'	'
Exercise of stock options (in shares)	'	'	'	210,000	'	'	'	'	'
Amortization of restricted shares	3,352	'	3,352	'	'	3,352	'	'	'
Share compensation expense	1,198	'	1,198	'	'	1,198	'	'	'
Acquisition of noncontrolling interest	-56,984	-132	-18,452	'	'	-18,452	'	'	-38,532
Adjustment for noncontrolling interests in the Operating Partnership	-19,520	19,520	-19,520	'	'	'	'	-19,520	'
Net income (loss)	-4,191	-107	1,817	'	'	'	'	1,817	1,918
Net income (loss), including temporary equity	3,735	'	'	'	'	'	'	'	'
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'
Unrealized gain (losses) on interest rate swap	-7,124	-342	-7,124	'	'	'	-7,124	'	'
Unrealized gain on foreign currency translation	168	4	159	'	'	'	159	'	9
Preferred share distributions	-6,008	'	-6,008	'	'	'	'	-6,008	'
Common share distributions	-47,187	-1,438	-44,501	'	'	'	'	-44,501	-2,686
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2012	47,990	47,990	'	'	'	'	'	'	'
Balance at Dec. 31, 2012	989,909	'	989,791	1,318	31	1,418,463	-19,796	-410,225	118
Balance (in shares) at Dec. 31, 2012	'	'	'	131,795,000	3,100,000	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Contributions from noncontrolling interest in subsidiaries	831	'	'	'	'	'	'	'	831
Issuance of common shares, net	100,287	'	100,287	57	'	100,230	'	'	'
Issuance of common shares, net (in shares)	'	'	'	5,700,000	'	'	'	'	'
Issuance of restricted shares	3	'	3	3	'	'	'	'	'
Issuance of restricted shares (in shares)	'	'	'	301,000	'	'	'	'	'
Conversion from units to shares	14,698	-14,698	14,698	10	'	14,688	'	'	'
Conversion from units to shares (in shares)	'	'	'	1,018,000	'	'	'	'	'
Exercise of stock options	3,710	'	3,710	5	'	3,705	'	'	'
Exercise of stock options (in shares)	'	'	'	514,000	'	'	'	'	'
Amortization of restricted shares	4,747	'	4,747	'	'	4,747	'	'	'
Share compensation expense	870	'	870	'	'	870	'	'	'
Adjustment for noncontrolling interests in the Operating Partnership	-3,292	3,292	-3,292	'	'	'	'	-3,292	'
Net income (loss)	35,440	588	41,448	'	'	'	'	41,448	-42
Net income (loss), including temporary equity	41,406	'	'	'	'	'	'	'	'
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'
Unrealized gain (losses) on interest rate swap	8,751	151	8,751	'	'	'	8,751	'	'
Unrealized gain on foreign currency translation	55	1	31	'	'	'	31	'	24
Preferred share distributions	-6,008	'	-6,008	'	'	'	'	-6,008	'
Common share distributions	-62,760	-1,049	-62,760	'	'	'	'	-62,760	'
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2013	36,275	36,275	'	'	'	'	'	'	'
Balance at Dec. 31, 2013	$1,093,207	'	$1,092,276	$1,393	$31	$1,542,703	($11,014)	($440,837)	$931
Balance (in shares) at Dec. 31, 2013	'	'	'	139,328,000	3,100,000	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Activities	'	'	'
Net income	$41,994	$3,628	$2,447
Adjustments to reconcile net income to cash provided by operating activities:	'	'	'
Depreciation and amortization	117,074	118,573	73,702
Gain from disposition of discontinued operations	-27,440	-9,811	-3,903
Gain from remeasurement of investment in real estate venture	'	-7,023	'
Equity compensation expense	5,617	4,550	3,204
Accretion of fair market value adjustment of debt	-1,018	-707	-89
Loan procurement amortization expense - early repayment of debt	414	'	8,167
Equity in losses of real estate ventures	1,151	745	281
Changes in other operating accounts:	'	'	'
Other assets	-1,156	-2,125	-585
Restricted cash	567	3,545	-853
Accounts payable and accrued expenses	4,564	6,899	2,634
Other liabilities	1,095	154	-678
Net cash provided by operating activities	142,862	118,428	84,327
Investing Activities	'	'	'
Acquisitions of storage facilities	-181,612	-220,791	-445,320
Additions and improvements to storage facilities	-20,320	-22,395	-25,868
Development costs	-53,979	-4,227	'
Cash paid for remaining interest in real estate venture	'	-81,158	'
Investment in real estate venture, at equity	-157,461	'	-15,462
Cash distributed from real estate venture	'	909	'
Proceeds from sales of facilities, net	123,780	52,630	44,460
Proceeds from notes receivable	5,192	'	'
Change in restricted cash	1,476	3,096	90
Net cash used in investing activities	-282,924	-271,936	-442,100
Proceeds from:	'	'	'
Unsecured senior notes	247,488	249,638	'
Revolving credit facility	636,200	403,000	256,700
Unsecured term loans	'	100,000	400,000
Mortgage loans and notes payable	'	'	3,537
Principal payments on:	'	'	'
Revolving credit facility	-642,600	-358,000	-299,700
Unsecured term loans	-100,000	'	-200,000
Mortgage loans and notes payable	-36,496	-236,340	-39,321
Loan procurement costs	-4,400	-2,145	-5,484
Settlement of hedge transactions	'	-195	'
Proceeds from issuance of common shares, net	100,290	102,079	204,019
Proceeds from issuance of preferred shares, net	'	'	74,848
Exercise of stock options	3,710	1,629	121
Contributions from noncontrolling interests in subsidiaries	831	'	1
Cash paid for acquisition of noncontrolling interest	'	-61,113	'
Distributions paid to common shareholders	-59,159	-39,755	-27,849
Distributions paid to preferred shareholders	-6,008	-5,724	'
Distributions paid to noncontrolling interests in Operating Partnership	-1,113	-1,454	-1,322
Distributions paid to noncontrolling interest in subsidiaries	'	-2,686	-4,599
Net cash provided by financing activities	138,743	148,934	360,951
Change in cash and cash equivalents	-1,319	-4,574	3,178
Cash and cash equivalents at beginning of year	4,495	9,069	5,891
Cash and cash equivalents at end of year	3,176	4,495	9,069
Supplemental Cash Flow and Noncash Information	'	'	'
Cash paid for interest, net of interest capitalized	43,130	33,578	33,265
Supplemental disclosure of noncash activities:	'	'	'
Consolidation of real estate venture	'	13,527	'
Derivative valuation adjustment	8,902	-7,271	-12,394
Foreign currency translation adjustment	56	172	151
Discount on issuance of unsecured senior notes	2,512	362	'
Mortgage loan assumption - acquisitions of storage facilities	$8,866	$107,011	$21,827

ORGANIZATION_AND_NATURE_OF_OPE

ORGANIZATION AND NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2013
ORGANIZATION AND NATURE OF OPERATIONS	'
ORGANIZATION AND NATURE OF OPERATIONS	'
	1.  ORGANIZATION AND NATURE OF OPERATIONS
	CubeSmart (the “Parent Company”) operates as a self-managed and self-administered real estate investment trust (“REIT”) with its operations conducted solely through CubeSmart, L.P. and its subsidiaries.  CubeSmart, L.P., a Delaware limited partnership (the “Operating Partnership”), operates through an umbrella partnership structure, with the Parent Company, a Maryland REIT, as its sole general partner.  In the notes to the consolidated financial statements, we use the terms the “Company,” “we,” or “our” to refer to the Parent Company and the Operating Partnership together, unless the context indicates otherwise.  The Company’s self-storage facilities are located in 20 states throughout the United States and the District of Columbia and are presented under one reportable segment: the Company owns, operates, develops, manages and acquires self-storage facilities.
	As of December 31, 2013, the Parent Company owned approximately 98.4% of the partnership interests (“OP Units”) of the Operating Partnership.  The remaining OP Units, consisting exclusively of limited partner interests, are held by persons who contributed their interests in facilities to us in exchange for OP Units.  Under the partnership agreement, these persons have the right to tender their OP Units for redemption to the Operating Partnership at any time for cash equal to the fair value of an equivalent number of common shares of the Parent Company.  In lieu of delivering cash, however, the Parent Company, as the Operating Partnership’s general partner, may, at its option, choose to acquire any OP Units so tendered by issuing common shares in exchange for the tendered OP Units.  If the Parent Company so chooses, its common shares will be exchanged for OP Units on a one-for-one basis.  This one-for-one exchange ratio is subject to adjustment to prevent dilution.  With each such exchange or redemption, the Parent Company’s percentage ownership in the Operating Partnership will increase.  In addition, whenever the Parent Company issues common or other classes of its shares, it contributes the net proceeds it receives from the issuance to the Operating Partnership and the Operating Partnership issues to the Parent Company an equal number of OP Units or other partnership interests having preferences and rights that mirror the preferences and rights of the shares issued.  This structure is commonly referred to as an umbrella partnership REIT or “UPREIT.”

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation
	The accompanying consolidated financial statements include all of the accounts of the Company, and its majority-owned and/or controlled subsidiaries.  The portion of these entities not owned by the Company is presented as noncontrolling interests as of and during the periods consolidated.  All significant intercompany accounts and transactions have been eliminated in consolidation.
	When the Company obtains an economic interest in an entity, the Company evaluates the entity to determine if the entity is deemed a variable interest entity (“VIE”), and if the Company is deemed to be the primary beneficiary, in accordance with authoritative guidance issued on the consolidation of VIEs. When an entity is not deemed to be a VIE, the Company considers the provisions of additional guidance to determine whether a general partner, or the general partners as a group, controls a limited partnership or similar entity when the limited partners have certain rights. The Company consolidates (i) entities that are VIEs and of which the Company is deemed to be the primary beneficiary, and (ii) entities that are non-VIEs which the Company controls and which the limited partners do not have the ability to dissolve or remove the Company without cause nor substantive participating rights.
	Noncontrolling Interests
	The FASB issued authoritative guidance regarding noncontrolling interests in consolidated financial statements which was effective on January 1, 2009.  The guidance states that noncontrolling interests are the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent.  The ownership interests in the subsidiary that are held by owners other than the parent are noncontrolling interests.  Under the guidance, such noncontrolling interests are reported on the consolidated balance sheets within equity, separately from the Company’s equity.  On the consolidated statements of operations, revenues, expenses and net income or loss from less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to the Company and noncontrolling interests.  Presentation of consolidated equity activity is included for both quarterly and annual financial statements, including beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
	However, per the FASB issued authoritative guidance on the classification and measurement of redeemable securities, securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, must be classified outside of permanent equity.  This would result in certain outside ownership interests being included as redeemable noncontrolling interests outside of permanent equity in the consolidated balance sheets.  The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions.  Additionally, with respect to noncontrolling interests for which the Company has a choice to settle the contract by delivery of its own shares, the Company considered the FASB issued guidance on accounting for derivative financial instruments indexed to, and potentially settled in, a Company’s own stock to evaluate whether the Company controls the actions or events necessary to issue the maximum number of shares that could be required to be delivered under share settlement of the contract.  The guidance also requires that noncontrolling interests are adjusted each period so that the carrying value equals the greater of its carrying value based on the accumulation of historical cost or its redemption fair value.
	The consolidated results of the Company include results attributable to units of the Operating Partnership that are not owned by the Company.  These interests were issued in the form of Operating Partnership units and were a component of the consideration the Company paid to acquire certain self-storage facilities.  Limited partners who acquired Operating Partnership units have the right to require the Operating Partnership to redeem part or all of their Operating Partnership units for, at the Company’s option, an equivalent number of common shares of the Company or cash based upon the fair value of an equivalent number of common shares of the Company.  However, the operating agreement contains certain circumstances that could result in a net cash settlement outside the control of the Company, as the Company does not have the ability to settle in unregistered shares.  Accordingly, consistent with the guidance discussed above, the Company will continue to record these noncontrolling interests outside of permanent equity in the consolidated balance sheets.  Net income or loss related to these noncontrolling interests is excluded from net income or loss in the consolidated statements of operations.  The Company has adjusted the carrying value of its noncontrolling interests subject to redemption value to the extent applicable.  Based on the Company’s evaluation of the redemption value of the redeemable noncontrolling interests, the Operating Partnership reflected these interests at their redemption value at December 31, 2013, as the estimated redemption value exceeded their carrying value. The Operating Partnership recorded an increase to OP Units owned by third parties and a corresponding decrease to capital of $3.3 million at December 31, 2013.  Disclosure of such redemption provisions is provided in note 12.
	Noncontrolling interests are the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent.  The ownership interests in the subsidiary that are held by owners other than the parent are noncontrolling interests. Noncontrolling interests are reported on the consolidated balance sheets within equity, separately from the Company’s equity.  On the consolidated statements of operations, revenues, expenses and net income or loss from less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to the Company and noncontrolling interests.  Presentation of consolidated equity activity is included for both quarterly and annual financial statements, including beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
	Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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.  Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout these consolidated financial statements, different assumptions and estimates could materially impact our reported results.  The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions and changes in market conditions could impact our future operating results.
	Storage Facilities
	Storage facilities are carried at historical cost less accumulated depreciation and impairment losses.  The cost of storage facilities reflects their purchase price or development cost.  Costs incurred for the renovation of a storage facility are capitalized to the Company’s investment in that facility.  Acquisition costs, ordinary repairs and maintenance are expensed as incurred; major replacements and betterments, which improve or extend the life of the asset, are capitalized and depreciated over their estimated useful lives.  The costs to develop self-storage facilities are capitalized to construction in progress while the project is under development.
	Purchase Price Allocation
	When facilities are acquired, the purchase price is allocated to the tangible and intangible assets acquired and liabilities assumed based on estimated fair values.  When a portfolio of facilities is acquired, the purchase price is allocated to the individual facilities based upon the fair value determined using an income approach or a cash flow analysis using appropriate risk adjusted capitalization rates, which take into account the relative size, age and location of the individual facility along with current and projected occupancy and rental rate levels or appraised values, if available.  Allocations to the individual assets and liabilities are based upon comparable market sales information for land, buildings and improvements and estimates of depreciated replacement cost of equipment.
	In allocating the purchase price for an acquisition, the Company determines whether the acquisition includes intangible assets or liabilities.  The Company allocates a portion of the purchase price to an intangible asset attributed to the value of in-place leases.  This intangible is generally amortized to expense over the expected remaining term of the respective leases.  Substantially all of the leases in place at acquired facilities are at market rates, as the majority of the leases are month-to-month contracts.  Accordingly, to date, no portion of the purchase price has been allocated to above- or below-market lease intangibles.  To date, no intangible asset has been recorded for the value of customer relationships, because the Company does not have any concentrations of significant customers and the average customer turnover is fairly frequent.
	Depreciation and Amortization
	The costs of self-storage facilities and improvements are depreciated using the straight-line method based on useful lives ranging from five to 39 years.
	Impairment of Long-Lived Assets
	We evaluate long-lived assets for impairment when events and circumstances such as declines in occupancy and operating results indicate that there may be impairment.  The carrying value of these long-lived assets is compared to the undiscounted future net operating cash flows, plus a terminal value, attributable to the assets to determine if the facility’s basis is recoverable.  If a facility’s basis is not considered recoverable, an impairment loss is recorded to the extent the net carrying value of the asset exceeds the fair value.  The impairment loss recognized equals the excess of net carrying value over the related fair value of the asset.
	Long-Lived Assets Held for Sale
	We consider long-lived assets to be “held for sale” upon satisfaction of the following criteria: (a) management commits to a plan to sell a facility (or group of facilities), (b) the facility is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such facilities, (c) an active program to locate a buyer and other actions required to complete the plan to sell the facility have been initiated, (d) the sale of the facility is probable and transfer of the asset is expected to be completed within one year, (e) the facility is being actively marketed for sale at a price that is reasonable in relation to its current fair value, and (f) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.
	Typically these criteria are all met when the relevant asset is under contract, significant non-refundable deposits have been made by the potential buyer, the assets are immediately available for transfer and there are no contingencies related to the sale that may prevent the transaction from closing.  However, each potential transaction is evaluated based on its separate facts and circumstances.  Facilities classified as held for sale are reported at the lesser of carrying value or fair value less estimated costs to sell.
	Cash and Cash Equivalents
	Cash and cash equivalents are highly-liquid investments with original maturities of three months or less.  The Company may maintain cash equivalents in financial institutions in excess of insured limits, but believes this risk is mitigated by only investing in or through major financial institutions.
	Restricted Cash
	Restricted cash consists of purchase deposits and cash deposits required for debt service requirements, capital replacement, and expense reserves in connection with the requirements of our loan agreements.
	Loan Procurement Costs
	Loan procurement costs related to borrowings were $17.3 million and $11.7 million at December 31, 2013 and 2012, respectively, and are reported net of accumulated amortization of $4.6 million and $3.4 million as of December 31, 2013 and 2012, respectively. The costs are amortized over the estimated life of the related debt using the effective interest method and reported as loan procurement amortization expense.
	Other Assets
	Other assets are comprised of the following as of December 31, 2013 and 2012 (in thousands):
		December 31,
		2013		2012
	Intangible assets, net of accumulated amortization	$	9,463	$	21,670
	Deposits on future settlements	1,287		—
	Accounts receivable	4,957		10,209
	Prepaid insurance	1,304		1,805
	Prepaid real estate taxes	1,893		1,556
	Other	8,352		6,554
	Total	$	27,256	$	41,794
	Environmental Costs
	Our practice is to conduct or obtain environmental assessments in connection with the acquisition or development of additional facilities.  Whenever the environmental assessment for one of our facilities indicates that a facility is impacted by soil or groundwater contamination from prior owners/operators or other sources, we will work with our environmental consultants and where appropriate, state governmental agencies, to ensure that the facility is either cleaned up, that no cleanup is necessary because the low level of contamination poses no significant risk to public health or the environment, or that the responsibility for cleanup rests with a third party.
	Revenue Recognition
	Management has determined that all of our leases are operating leases.  Rental income is recognized in accordance with the terms of the leases, which generally are month-to-month.
	The Company recognizes gains from disposition of facilities only upon closing in accordance with the guidance on sales of real estate.  Payments received from purchasers prior to closing are recorded as deposits.  Profit on real estate sold is recognized using the full accrual method upon closing when the collectability of the sales price is reasonably assured and the Company is not obligated to perform significant activities after the sale.  Profit may be deferred in whole or part until the sale meets the requirements of profit recognition on sales under this guidance.
	Advertising and Marketing Costs
	The Company incurs advertising and marketing costs primarily attributable to internet marketing campaigns and other media advertisements.  The Company incurred $7.6 million, $8.1 million and $6.9 million in advertising and marketing expenses for the years ended 2013, 2012 and 2011, respectively.
	Equity Offering Costs
	Underwriting discounts and commissions, financial advisory fees and offering costs are reflected as a reduction to additional paid-in capital.  For the years ended December 31, 2013, 2012 and 2011, the Company recognized $1.8 million, $1.7 million and $0.8 million of equity offering costs related to the issuance of common and preferred shares during the years, respectively.
	Other Property Related Income
	Other property related income consists of late fees, administrative charges, tenant insurance commissions, sales of storage supplies and other ancillary revenues and is recognized in the period that it is earned.
	Capitalized Interest
	The Company capitalizes interest incurred that is directly associated with construction activities until the asset is placed into service.  Interest is capitalized to the related assets using a weighted-average rate of the Company’s outstanding debt. The Company capitalized $0.9 million for the year ended December 31, 2013, $0.2 million for the year ended December 31, 2012 and $0.1 million for the year ended December 31, 2011.
	Derivative Financial Instruments
	The Company carries all derivatives on the balance sheet at fair value.  The Company determines the fair value of derivatives by observable prices that are based on inputs not quoted on active markets, but corroborated by market data.  The accounting for changes in the fair value of a derivative instrument depends on whether the derivative has been designated and qualifies as part of a hedging relationship and, if so, the reason for holding it.  The Company’s use of derivative instruments has been limited to cash flow hedges of certain interest rate risks.  Additionally, the Company had interest rate swap agreements for notional principal amounts aggregating $400 million at December 31, 2013 and 2012, which are included in accounts payable, accrued expenses and other liabilities.
	Income Taxes
	The Company has elected to be taxed as a real estate investment trust under Sections 856-860 of the Internal Revenue Code since the Company’s commencement of operations in 2004.  In management’s opinion, the requirements to maintain these elections are being met.  Accordingly, no provision for federal income taxes has been reflected in the consolidated financial statements other than for operations conducted through our taxable REIT subsidiaries.
	Earnings and profits, which determine the taxability of distributions to shareholders, differ from net income reported for financial reporting purposes due to differences in cost basis, the estimated useful lives used to compute depreciation, and the allocation of net income and loss for financial versus tax reporting purposes.  The net tax basis in the Company’s assets was $2.2 billion as of December 31, 2013 and $1.9 billion as of December 31, 2012.
	Distributions to shareholders are usually taxable as ordinary income, although a portion of the distribution may be designated as capital gain or may constitute a tax-free return of capital.  Annually, the Company provides each of its shareholders a statement detailing the tax characterization of dividends paid during the preceding year as ordinary income, capital gain or return of capital.  The characterization of the Company’s dividends for 2013 consisted of a 55.9082% ordinary income distribution and a 44.0918% capital gain distribution from earnings and profits.
	Distributions to 7.75% Series A Cumulative Redeemable Preferred Shareholders are usually taxable as ordinary income, although a portion of the distribution may be designated as capital gain or may constitute a tax-free return of capital.  Annually, the Company provides each of its shareholders a statement detailing preferred distributions paid during the preceding year and their characterization as ordinary income, capital gain or return of capital.  The characterization of our preferred dividends for 2013 consisted of a 65.7893% ordinary income distribution and a 34.2107% capital gain distribution from earnings and profits.
	The Company is subject to a 4% federal excise tax if sufficient taxable income is not distributed within prescribed time limits.  The excise tax equals 4% of the annual amount, if any, by which the sum of (a) 85% of the Company’s ordinary income, (b) 95% of the Company’s net capital gains and c) 100% of prior taxable income exceeds cash distributions and certain taxes paid by the Company.  No excise tax was incurred in 2013, 2012, or 2011.
	Taxable REIT subsidiaries, such as the TRS, are subject to federal and state income taxes.  Our taxable REIT subsidiaries have a net deferred tax asset related to expenses which are deductible for tax purposes in future periods of $0.7 million as of December 31, 2013 and 2012.
	Earnings per Share and Unit
Basic earnings per share and unit are calculated based on the weighted average number of common shares and restricted shares outstanding during the period.  Diluted earnings per share and unit is calculated by further adjusting for the dilutive impact of share options, unvested restricted shares and contingently issuable shares outstanding during the period using the treasury stock method.  Potentially dilutive securities calculated under the treasury stock method were 2,551,000, 2,000,000 and 1,378,000 in 2013, 2012 and 2011, respectively.  The amounts in 2012 and 2011 were not included in the calculation of diluted earnings per share and unit, as the impact of inclusion was anti-dilutive for those years.
Share Based Payments
We apply the fair value method of accounting for contingently issued shares and share options issued under our incentive award plan.  Accordingly, share compensation expense is recorded ratably over the vesting period relating to such contingently issued shares and options.  The Company has recognized compensation expense on a straight-line method over the requisite service period.
Foreign Currency
The financial statements of foreign subsidiaries are translated to U.S. Dollars using the period-end exchange rate for assets and liabilities and an average exchange rate for each period for revenues, expenses, and capital expenditures.  The local currency is the functional currency for the Company’s foreign subsidiaries.  Translation adjustments for foreign subsidiaries are recorded as a component of accumulated other comprehensive loss in shareholders’ equity.  The Company recognizes transaction gains and losses arising from fluctuations in currency exchange rates on transactions denominated in currencies other than the functional currency in earnings as incurred.  The Pound, which represents the functional currency used by USIFB, LLP, our joint venture in England, was translated at an end-of-period exchange rate of approximately 1.657413 and 1.625924 U.S. Dollars per Pound at December 31, 2013 and December 31, 2012, respectively, and an average exchange rate of 1.588598, 1.585074 and 1.603770 U.S. Dollars per Pound for the years ended December 31, 2013, 2012 and 2011, respectively.  Accordingly, the Company recorded an unrealized gain on foreign currency translation of $0.1 million for the year ended December 31, 2013 and $0.2 million for each of the years ended December 31, 2012 and 2011.
Investments in Unconsolidated Real Estate Ventures
The Company accounts for its investments in unconsolidated real estate ventures under the equity method of accounting.  Under the equity method, investments in unconsolidated joint ventures are recorded initially at cost, as investments in real estate ventures, and subsequently adjusted for equity in earnings (losses), cash contributions, less distributions. On a periodic basis, management also assesses whether there are any indicators that the value of the Company’s investments in unconsolidated real estate ventures may be other than temporarily impaired. An investment is impaired only if the fair value of the investment is less than the carrying value of the investment and the decline is other than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the fair value of the investment, as estimated by management. The determination as to whether impairment exists requires significant management judgment about the fair value of its ownership interest.
Recent Accounting Pronouncements
In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to the accounting standard for the reporting of amounts reclassified out of accumulated other comprehensive income (“AOCI”).  The amendment requires entities to disclose for items reclassified out of AOCI and into net income in their entirety, the effect of the reclassification on each affected income statement line item and for AOCI items that are not reclassified in their entirety into net income, a cross reference to other required GAAP disclosures.  This amendment became effective for fiscal years and interim periods beginning after December 15, 2012.  The adoption of this guidance in 2013 did not have a material impact on the Company’s consolidated financial position or results of operations as its impact was limited to disclosure requirements (see note 9).
Concentrationof Credit Risk
The Company’s storage facilities are located in major metropolitan and rural areas and have numerous customers per facility.  No single customer represents a significant concentration of our revenues.  The facilities in New York, Florida, Texas, and California provided total revenues of approximately 17%, 15%, 10% and 9%, respectively, for the year ended December 31, 2013.  The facilities in New York, Florida, California, and Texas provided total revenues of approximately 16%, 15%, 10% and 10%, respectively, for the year ended December 31, 2012.  The facilities in Florida, California, Texas and Illinois provided total revenues of approximately 17%, 12%, 10% and 7%, respectively, for the year ended December 31, 2011.

STORAGE_FACILITIES

STORAGE FACILITIES	12 Months Ended
	Dec. 31, 2013
STORAGE FACILITIES	'
STORAGE FACILITIES	'
	3.  STORAGE FACILITIES
	The book value of the Company’s real estate assets is summarized as follows:
		December 31,
		2013			2012
		(in thousands)
	Land	$	465,680		$	462,626
	Buildings and improvements	1,888,823			1,828,388
	Equipment	158,000			143,836
	Construction in progress	41,203			8,172
	Storage facilities	2,553,706			2,443,022
	Less accumulated depreciation	(398,536		)	(353,315		)
	Storage facilities, net	$	2,155,170		$	2,089,707
	The following table summarizes the Company’s acquisition and disposition activity for the years ended December 31, 2013, 2012 and 2011:
	Facility/Portfolio	Location		Transaction Date		Number of		Purchase / Sale Price
						Facilities		(in thousands)
	2013 Acquisitions:
	Gilbert Asset	Gilbert, AZ		March 2013		1		$	6,900
	Evanston Asset	Evanston, IL		May 2013		1		8,300
	Delray Beach Asset	Delray Beach, FL		May 2013		1		7,150
	Miramar Asset	Miramar, FL		June 2013		1		9,000
	Stoneham Asset	Stoneham, MA		June 2013		1		10,600
	Maryland/New Jersey Assets	Multiple locations in MD and NJ		June 2013		5		52,400
	Staten Island Asset	Staten Island, NY		July 2013		1		13,000
	Lewisville Asset	Lewisville, TX		August 2013		1		10,975
	Chandler Asset	Chandler, AZ		September 2013		1		10,500
	Tempe Asset	Tempe, AZ		September 2013		1		4,300
	Clinton Asset	Clinton, MD		November 2013		1		15,375
	Katy Asset	Katy, TX		November 2013		1		9,700
	Richmond Asset	Richmond, TX		December 2013		1		10,497
	Dallas Asset	Dallas, TX		December 2013		1		6,925
	Elkridge Asset	Elkridge, MD		December 2013		1		8,200
	Fort Lauderdale Asset	Fort Lauderdale, FL		December 2013		1		6,000
						20		$	189,822
	2013 Dispositions:
	Texas/Indiana Assets	Multiple locations in TX and IN		March 2013		5		$	11,400
	Tennessee Assets	Multiple locations in TN		August 2013		8		25,000
	California/Tennessee/Texas Assets	Multiple locations in CA, TN and TX		October/November 2013		22		90,000
						35		$	126,400
	2012 Acquisitions:
	Houston Asset	Houston, TX		February 2012		1		$	5,100
	Dunwoody Asset	Dunwoody, GA		February 2012		1		6,900
	Mansfield Asset	Mansfield, TX		June 2012		1		4,970
	Texas Assets	Multiple locations in TX		July 2012		4		18,150
	Allen Asset	Allen, TX		July 2012		1		5,130
	Norwalk Asset	Norwalk, CT		July 2012		1		5,000
	Storage Deluxe Assets	Multiple locations in NY and CT		February/April/August 20	12	6		201,910
	Eisenhower Asset	Alexandria, VA		August 2012		1		19,750
	New Jersey Assets	Multiple locations in NJ		August 2012		2		10,750
	Georgia/Florida Assets	Multiple locations in GA and FL		August 2012		3		13,370
	Peachtree Asset	Peachtree City, GA		August 2012		1		3,100
	HSREV Assets	Multiple locations in PA, NY, NJ, VA and FL		September 2012		9		102,000
	Leetsdale Asset	Denver, CO		September 2012		1		10,600
	Orlando/West Palm Beach Assets	Multiple locations in FL		November 2012		2		13,010
	Exton/Cherry Hill Assets	Multiple locations in NJ and PA		December 2012		2		7,800
	Carrollton Asset	Carrollton, TX		December 2012		1		4,800
						37		$	432,340
	Facility/Portfolio	Location		Transaction Date		Number of		Purchase / Sale Price
						Facilities		(in thousands)
	2012 Dispositions:
	Michigan Assets	Multiple locations in MI		June 2012		3		$6,362
	Gulf Coast Assets	Multiple locations in LA, AL and MS		June 2012		5		16,800
	New Mexico Assets	Multiple locations in NM		August 2012		6		7,500
	San Bernardino Asset	San Bernardino, CA		August 2012		1		5,000
Florida/ Tennessee Assets	Multiple locations in FL and TN		November 2012		3		6,550
Ohio Assets	Multiple locations in OH		November 2012		8		17,750
					26		$59,962
2011 Acquisitions:
Burke Lake Asset	Fairfax Station, VA		January 2011		1		$14,000
West Dixie Asset	Miami, FL		April 2011		1		13,500
White Plains Asset	White Plains, NY		May 2011		1		23,000
Phoenix Asset	Phoenix, AZ		May 2011		1		612
Houston Asset	Houston, TX		June 2011		1		7,600
Duluth Asset	Duluth, GA		July 2011		1		2,500
Atlanta Assets	Atlanta, GA		July 2011		2		6,975
District Heights Asset	District Heights, MD		August 2011		1		10,400
Storage Deluxe Assets	Multiple locations in NY, CT and PA		November 2011		16		357,310
Leesburg Asset	Leesburg, VA		November 2011		1		13,000
Washington, DC Asset	Washington, DC		December 2011		1		18,250
					27		$467,147
2011 Dispositions:
Flagship Assets	Multiple locations in IN and OH		August 2011		18		$43,500
Portage Asset	Portage, MI		November 2011		1		1,700
					19		$45,200

INVESTMENT_ACTIVITY

INVESTMENT ACTIVITY	12 Months Ended
	Dec. 31, 2013
INVESTMENT ACTIVITY	'
INVESTMENT ACTIVITY	'
	4.  INVESTMENT ACTIVITY
	2013 Acquisitions
	During 2013, the Company acquired 20 self-storage facilities located throughout the United States for an aggregate purchase price of approximately $189.8 million. In connection with these acquisitions, the Company allocated a portion of the purchase price to the intangible value of in-place leases which aggregated $13.5 million. The estimated life of these in-place leases was 12 months and the amortization expense that was recognized during the year ended December 31, 2013 was approximately $5.3 million. In connection with one of the acquired facilities, the Company assumed mortgage debt, and recorded the debt at a fair value of $8.9 million, which included an outstanding principal balance totaling $8.5 million and a net premium of $0.4 million in addition to the face value of the assumed debt to reflect the fair value of the debt at the time of assumption.
	The following table summarizes the Company’s revenue and earnings of the 2013 and 2012 acquisitions from the respective acquisition dates in the year they were acquired, included in the consolidated statements of operations for the years ended December 31, 2013 and 2012:
		Year ended December 31,
		2013			2012
		(in thousands)
	Total revenue	$	7,048		$	19,028
	Net loss	(4,228		)	(11,464		)
	Development
	During the second quarter of 2013, the Company entered into contracts for the construction of a self-storage facility located in Bronx, NY. Construction is expected to be completed during the first quarter of 2014. At December 31, 2013, development costs for this project totaled $15.6 million. These costs are capitalized to construction in progress while the project is under development and are reflected in Storage facilities on the Company’s consolidated balance sheets.
	During 2012, the Company commenced construction of 5 Old Lancaster Road located in Malvern, PA, a suburb of Philadelphia.  Upon completion, the mixed-use facility will be comprised of rentable storage space and office space for the Company’s corporate headquarters.   During the fourth quarter of 2013, the Company relocated its corporate headquarters to 5 Old Lancaster Road.  Construction is expected to be completed on the portion of the building comprised of rentable storage space during the first quarter of 2014.  At December 31, 2013 and 2012, development costs for this mixed-use project totaled $21.4 million and $4.7 million, respectively.
	During the fourth quarter of 2013, the Company entered into contracts under newly-formed joint ventures for the construction of three self-storage facilities located in New York and one self-storage facility located in Virginia (see note 12). Construction for all projects is expected to be completed during 2015. At December 31, 2013, development costs for these projects totaled $16.9 million. These costs are capitalized to construction in progress while the projects are under development and are reflected in Storage facilities on the Company’s consolidated balance sheets.
	2012 Acquisitions
	During 2012, as part of the $560 million Storage Deluxe transaction involving 22 Class A self-storage facilities located primarily in the greater New York City area, the Company acquired the final six facilities with a purchase price of approximately $201.9 million. The six facilities purchased are located in New York and Connecticut. In connection with the acquisitions, the Company allocated a portion of the purchase price to the intangible value of in-place leases which aggregated $12.3 million. The estimated life of these in-place leases was 12 months and the amortization expense that was recognized during 2013 and 2012 was approximately $4.4 million and $7.9 million, respectively. In connection with the six acquired facilities, the Company assumed mortgage debt, and recorded the debt at a fair value of $93.1 million, which included an outstanding principal balance totaling $88.9 million and a net premium of $4.2 million in addition to the face value of the assumed debt to reflect the fair values of the debt at the time of assumption.
	On September 28, 2012, the Company purchased, from its joint venture partner, the remaining 50% ownership in a partnership that owned nine storage facilities in Pennsylvania, Virginia, New York, New Jersey and Florida, collectively the HSRE Venture (“HSREV”), for cash of $21.7 million. In addition, upon taking control of these assets, the Company repaid $59.3 million of mortgage loans related to the facilities.  Following the purchase, the Company wholly owned the nine storage facilities which were unencumbered and had a fair value of $102 million at acquisition.  In connection with this acquisition, the Company allocated a portion of the fair value to the intangible value of in-place leases which aggregated $8.3 million. The estimated life of these in-place leases was 12 months and the amortization expense that was recognized during 2013 and 2012 was approximately $6.2 million and $2.1 million, respectively.
	During 2012, the Company acquired an additional 22 self-storage facilities located throughout the United States for an aggregate purchase price of approximately $128.4 million. In connection with these acquisitions, the Company allocated a portion of the purchase price to the intangible value of in-place leases which aggregated $13.2 million. The estimated life of these in-place leases was 12 months and the amortization expense that was recognized during 2013 and 2012 was approximately $8.4 million and $4.8 million, respectively. In connection with two of the acquired facilities, the Company assumed mortgage debt, and recorded the debt at a fair value of $13.9 million, which included an outstanding principal balance totaling $13.4 million and a net premium of $0.5 million in addition to the face value of the assumed debt to reflect the fair values of the debt at the time of assumption.

INVESTMENT_IN_UNCONSOLIDATED_R

INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES	12 Months Ended
	Dec. 31, 2013
INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES	'
INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES	'
	5. INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES
	On December 10, 2013, the Company acquired a 50% ownership interest in 35 self-storage facilities located in Texas (34) and North Carolina (1) through a newly-formed joint venture (“HHF”). HHF paid $315.7 million for these facilities. The Company and the unaffiliated joint venture partner, collectively the “HHF Partners,” each contributed cash equal to 50% of the capital required to fund the acquisition. HHF was not consolidated as the entity was not determined to be a VIE and the HHF Partners have equal ownership and voting rights in the entity. The Company accounts for its unconsolidated interest in the real estate venture using the equity method. The Company’s investment in HHF is included in Investment in real estate venture, at equity on the Company’s consolidated balance sheets and earnings attributed to HHF are presented in Equity in losses of real estate ventures on the Company’s consolidated statements of operations.
	On September 26, 2011, the Company contributed $15.4 million in cash for a 50% interest in HSREV, a partnership that owned nine storage facilities in Pennsylvania, Virginia, New York, New Jersey and Florida. The other partner held the remaining 50% interest in the partnership.  HSREV was not consolidated because the Company was not the primary beneficiary, the limited partners had the ability to dissolve or remove the Company without cause and the Company did not possess substantive participating rights.  The Company accounted for the unconsolidated interests in its real estate venture using the equity method.  The Company’s investment in HSREV was included in Investment in real estate ventures, at equity on the Company’s consolidated balance sheet and earnings attributable to HSREV were presented in Equity in losses of real estate ventures on the Company’s consolidated statements of operations.
	As explained in note 4, on September 28, 2012, the Company purchased the remaining 50% ownership in HSREV for cash of $21.7 million. In addition, upon taking control of these assets, the Company repaid $59.3 million of mortgage loans related to the facilities.  As noted above, the Company previously accounted for its investment in HSREV using the equity method. As a result, the Company’s original 50% interest was remeasured during 2012 and the Company recorded a gain of approximately $7.0 million, which is reflected in Gain from remeasurement of investment in real estate venture on the accompanying statements of operations.
	The amounts reflected in the following tables are based on the historical financial information of the real estate venture.
	The following is a summary of the financial position of the HHF venture as of December 31, 2013 (in thousands):
		December 31,
		2013
	Assets
	Net property	$	313,622
	Other assets	623
	Total Assets	$	314,245
	Liabilities and equity
	Other liabilities	$	1,625
	Debt	—
	Equity:
	CubeSmart	156,310
	Joint venture partner	156,310
	Total Liabilities and equity	$	314,245
	There were no unconsolidated real estate venture assets at December 31, 2012.
	The following is a summary of results of operations of the real estate ventures for the years ended December 31, 2013, 2012 and 2011 (in thousands).
		Year ended December 31,
		2013			2012			2011
	Revenue	$	1,600		$	7,229		$	9,354
	Operating expenses	1,742			3,010			3,879
	Interest expense, net	—			2,690			3,969
	Depreciation and amortization	2,160			2,691			4,115
	Net loss	(2,302		)	(1,162		)	(2,609		)
	Company’s share of net loss	(1,151		)	(745		)	(281		)
	The results of operations above include the periods from December 13, 2013 (date of acquisition) through December 31, 2013 for HHF, and the periods from September 26, 2011 (date of acquisition) through September 28, 2012 for HSREV, the date of the Company’s acquisition of the remaining 50% interest.

UNSECURED_SENIOR_NOTES

UNSECURED SENIOR NOTES	12 Months Ended
	Dec. 31, 2013
UNSECURED SENIOR NOTES	'
UNSECURED SENIOR NOTES	'
	6.  UNSECURED SENIOR NOTES
	On December 17, 2013, the Operating Partnership issued $250 million in aggregate principal amount of 4.375% unsecured senior notes due December 15, 2023 (the “2023 Senior Notes”). On June 26, 2012, the Operating Partnership issued $250 million in aggregate principal amount of unsecured senior notes due July 15, 2022 (the “2022 Senior Notes”) which bear interest at a rate of 4.80%. The 2023 Senior Notes along with the 2022 Senior Notes are collectively referred to as the “Senior Notes.” The indenture under which the Senior Notes were issued restricts the ability of the Operating Partnership and its subsidiaries to incur debt unless the Operating Partnership and its consolidated subsidiaries comply with a leverage ratio not to exceed 60% and an interest coverage ratio of more than 1.5:1 after giving effect to the incurrence of the debt. The indenture also restricts the ability of the Operating Partnership and its subsidiaries to incur secured debt unless the Operating Partnership and its consolidated subsidiaries comply with a secured debt leverage ratio not to exceed 40% after giving effect to the incurrence of the debt. The indenture also contains other financial and customary covenants, including a covenant not to own unencumbered assets with a value less than 150% of the unsecured indebtedness of the Operating Partnership and its consolidated subsidiaries. The Operating Partnership is currently in compliance with all of the financial covenants under the Senior Notes.

REVOLVING_CREDIT_FACILITY_AND_

REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS	12 Months Ended
	Dec. 31, 2013
REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS	'
REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS	'
	7.  REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS
	On June 20, 2011, the Company entered into an unsecured term loan agreement (the “Term Loan Facility”) which consisted of a $100 million term loan with a five-year maturity (“Term Loan A”) and a $100 million term loan with a seven-year maturity (“Term Loan B”).  The Company incurred costs of $2.1 million in connection with executing the agreement and capitalized such costs as a component of loan procurement costs, net of amortization on the consolidated balance sheet.
	On December 9, 2011, the Company entered into a credit facility (the “Credit Facility”) comprised of a $100 million unsecured term loan maturing in December 2014 (“Term Loan C”); a $200 million unsecured term loan maturing in March 2017 (“Term Loan D”); and a $300 million unsecured revolving facility maturing in December 2015 (“Revolver”). The Company incurred costs of $3.4 million in connection with executing the agreement and capitalized such costs as a component of loan procurement costs, net of amortization on the consolidated balance sheet.
	On June 18, 2013, the Company amended both the Term Loan Facility and Credit Facility. With respect to the Term Loan Facility, among other things, the amendment extended the maturity and decreased the pricing of Term Loan A, while Term Loan B remained unchanged by the amendment. Pricing on the Term Loan Facility depends on the Company’s unsecured debt credit ratings. At the Company’s current Baa3/BBB- level, amounts drawn under Term Loan A are priced at 1.50% over LIBOR, with no LIBOR floor, while amounts drawn under Term Loan B are priced at 2.00% over LIBOR, with no LIBOR floor.
			Term Loan Facility			Term Loan Facility
			Prior to Amendment			As Amended
		Amount	Maturity Date	LIBOR Spread		Maturity Date	LIBOR Spread
	Term Loan A	$100 million	June 2016	1.85	%	June 2018	1.5	%
	Term Loan B	$100 million	June 2018	2	%	June 2018	2	%
	With respect to the Credit Facility, among other things, the amendment extended the maturities of the Revolver and Term Loan D and decreased the pricing of the Revolver, Term Loan C and Term Loan D. Pricing on the Credit Facility depends on the Company’s unsecured debt credit ratings. At the Company’s current Baa3/BBB- level, amounts drawn under the Revolver are priced at 1.60% over LIBOR, inclusive of a facility fee of 0.30%, with no LIBOR floor, while amounts drawn under Term Loan C and Term Loan D are priced at 1.50% over LIBOR, with no LIBOR floor.
			Credit Facility			Credit Facility
			Prior to Amendment			As Amended
		Amount	Maturity Date	LIBOR Spread		Maturity Date	LIBOR Spread
	Revolver	$300 million	December 2015	1.8	%	June 2017	1.6	%
	Term Loan C (1)	$100 million	December 2014	1.75	%	December 2014	1.5	%
	Term Loan D	$200 million	March 2017	1.75	%	January 2019	1.5	%
	(1)         On December 17, 2013, the Company repaid the $100 million balance under Term Loan C that was scheduled to mature in December 2014.
	The Company incurred costs of $2.1 million in connection with amending the agreements and capitalized such costs as a component of loan procurement costs, net of amortization on the consolidated balance sheet. Unamortized costs, along with costs incurred in connection with the amendments, are amortized as an adjustment to interest expense over the remaining term of the modified facilities. In connection with the repayment of Term Loan C, the Company recognized loan procurement amortization expense — early repayment of debt of $0.4 million related to the write-off of unamortized loan procurement costs associated with the term loan.
	As of December 31, 2013, $200 million of unsecured term loan borrowings were outstanding under the Term Loan Facility, $200 million of unsecured term loan borrowings were outstanding under the Credit Facility, $38.6 million of unsecured revolving credit facility borrowings were outstanding under the Credit Facility and $261.2 million was available for borrowing on the unsecured revolving portion of the Credit Facility. The available balance under the unsecured revolving portion of the Credit Facility is reduced by an outstanding letter of credit of $0.2 million. In connection with a portion of the unsecured borrowings, the Company had interest rate swaps as of December 31, 2013 that fix 30-day LIBOR (see note 10). As of December 31, 2013, borrowings under the Credit Facility and Term Loan Facility, as amended and after giving effect to the interest rate swaps, had an effective weighted average interest rate of 3.22%.
	The Term Loan Facility and the term loans under the Credit Facility were fully drawn at December 31, 2013 and no further borrowings may be made under the term loans. The Company’s ability to borrow under the revolving portion of the Credit Facility is subject to ongoing compliance with certain financial covenants which include:
	·         Maximum total indebtedness to total asset value of 60.0% at any time;
	·         Minimum fixed charge coverage ratio of 1.50:1.00; and
	·         Minimum tangible net worth of $821,211,200 plus 75% of net proceeds from equity issuances after June 30, 2010.
	Further, under the Credit Facility and Term Loan Facility, the Company is restricted from paying distributions on the Parent Company’s common shares in excess of the greater of (i) 95% of funds from operations, and (ii) such amount as may be necessary to maintain the Parent Company’s REIT status.
	The Company is currently in compliance with all of its financial covenants and anticipates being in compliance with all of its financial covenants through the terms of the Credit Facility and Term Loan Facility.

MORTGAGE_LOANS_AND_NOTES_PAYAB

MORTGAGE LOANS AND NOTES PAYABLE	12 Months Ended
	Dec. 31, 2013
MORTGAGE LOANS AND NOTES PAYABLE	'
MORTGAGE LOANS AND NOTES PAYABLE	'
	8.  MORTGAGE LOANS AND NOTES PAYABLE
	The Company’s mortgage loans and notes payable are summarized as follows:
		Carrying Value as of:
		December 31,		December 31,		Effective		Maturity
	Mortgage Loan	2013		2012		Interest Rate		Date
		(in thousands)
	YSI 7	$	—	$	2,962	6.5	%	13-Jun
	YSI 8	—		1,692		6.5	%	13-Jun
	YSI 9	—		1,862		6.5	%	13-Jun
	YSI 17	—		3,846		6.32	%	13-Jul
	YSI 27	—		461		5.59	%	13-Nov
	YSI 30	—		6,765		5.59	%	13-Nov
	USIFB	—		7,221		3.57	%	13-Dec
	YSI 11	—		2,276		5.87	%	14-Jan
	YSI 5	—		3,001		5.25	%	14-Jan
	YSI 28	—		1,460		5.59	%	14-Mar
	YSI 10	3,839		3,928		5.87	%	15-Jan
	YSI 15	1,733		1,784		6.41	%	15-Jan
	YSI 52	4,548		4,721		5.63	%	15-Jan
	YSI 58	8,676		8,974		2.97	%	15-Jan
	YSI 29	12,853		13,060		3.69	%	15-Aug
	YSI 13	8,500		—		3	%	15-Oct
	YSI 20	56,373		58,524		5.97	%	15-Nov
	YSI 59	9,418		9,603		4.82	%	16-Mar
	YSI 60	3,670		3,725		5.04	%	16-Aug
	YSI 51	7,219		7,325		5.15	%	16-Sep
	YSI 35	4,274		4,373		6.9	%	19-Jul	(a)
	YSI 33	10,688		10,930		6.42	%	19-Jul
	YSI 26	8,945		9,102		4.56	%	20-Nov
	YSI 57	3,140		3,195		4.61	%	20-Nov
	YSI 55	24,145		24,502		4.85	%	21-Jun
	YSI 24	28,523		29,141		4.64	%	21-Jun
	Unamortized fair value adjustment	3,674		4,326
	Total mortgage loans and notes payable	$	200,218	$	228,759
	(a)                 This borrowing has a fixed interest rate for the first five years of the term, and the rate then resets and remains constant over the final five years of the loan term.
	As of December 31, 2013 and 2012, the Company’s mortgage loans payable were secured by certain of its self-storage facilities with net book values of approximately $371 million and $440 million, respectively. The following table represents the future principal payment requirements on the outstanding mortgage loans and notes payable at December 31, 2013 (in thousands):
	2014	$	5,214
	2015	95,397
	2016	21,342
	2017	1,915
	2018	2,026
	2019 and thereafter	70,650
	Total mortgage payments	196,544
	Plus: Unamortized fair value adjustment	3,674
	Total mortgage indebtedness	$	200,218
	The Company currently intends to fund its 2014 principal payment requirements from cash provided by operating activities, new debt originations, and/or additional borrowings under our unsecured Credit Facility ($261.2 million available as of December 31, 2013).

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE LOSS	'
ACCUMULATED OTHER COMPREHENSIVE LOSS	'
	9.  ACCUMULATED OTHER COMPREHENSIVE LOSS
	The following table summarizes the changes in accumulated other comprehensive loss by component for the year ended December 31, 2013 (dollars in thousands):
		Unrealized losses			Unrealized loss on			Total
		on interest rate			foreign currency
		swaps			translation
	Balance at December 31, 2012	$	(18,973	)	$	(823	)	$	(19,796	)
	Other comprehensive gain before reclassifications	2,591			31			2,622
	Amounts reclassified from accumulated other comprehensive loss	6,160		(a)	—			6,160
	Net current-period other comprehensive income	8,751			31			8,782
	Balance at December 31, 2013	$	(10,222	)	$	(792	)	$	(11,014	)
	(a)         See note 10 for additional information about the effects of the amounts reclassified.

RISK_MANAGEMENT_AND_USE_OF_FIN

RISK MANAGEMENT AND USE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2013
RISK MANAGEMENT AND USE OF FINANCIAL INSTRUMENTS	'
RISK MANAGEMENT AND USE OF FINANCIAL INSTRUMENTS	'
	10.  RISK MANAGEMENT AND USE OF FINANCIAL INSTRUMENTS
	The Company’s use of derivative instruments is limited to the utilization of interest rate agreements or other instruments to manage interest rate risk exposures and not for speculative purposes. The principal objective of such arrangements is to minimize the risks and/or costs associated with the Company’s operating and financial structure, as well as to hedge specific transactions. The counterparties to these arrangements are major financial institutions with which the Company and its subsidiaries may also have other financial relationships. The Company is potentially exposed to credit loss in the event of non-performance by these counterparties. However, because of the high credit ratings of the counterparties, the Company does not anticipate that any of the counterparties will fail to meet these obligations as they come due. The Company does not hedge credit or property value market risks.
	The Company has entered into interest rate swap agreements that qualify and are designated as cash flow hedges designed to reduce the impact of interest rate changes on its variable rate debt.  Therefore, the interest rate swaps are recorded in the consolidated balance sheet at fair value and the related gains or losses are deferred in shareholders’ equity as accumulated other comprehensive loss.  These deferred gains and losses are amortized into interest expense during the period or periods in which the related interest payments affect earnings.  However, to the extent that the interest rate swaps are not perfectly effective in offsetting the change in value of the interest payments being hedged, the ineffective portion of these contracts is recognized in earnings immediately.
	The Company formally assesses, both at inception of a hedge and on an on-going basis, whether each derivative is highly-effective in offsetting changes in cash flows of the hedged item. If management determines that a derivative is highly-effective as a hedge, then the Company accounts for the derivative using hedge accounting, pursuant to which gains or losses inherent in the derivative do not impact the Company’s results of operations.  If management determines that a derivative is not highly-effective as a hedge or if a derivative ceases to be a highly-effective hedge, the Company will discontinue hedge accounting prospectively and will reflect in its statement of operations realized and unrealized gains and losses in respect of the derivative.
	The following table summarizes the terms and fair values of the Company’s derivative financial instruments at December 31, 2013 and December 31, 2012, respectively (dollars in thousands):
	Hedge		Notional						Year Ended December 31,
	Product	Hedge Type (a)	Amount		Strike		Effective Date	Maturity	2013			2012
	Swap	Cash flow	$	40,000	1.8025	%	6/20/11	6/20/16	$	(1,265	)	$	(1,873	)
	Swap	Cash flow	$	40,000	1.8025	%	6/20/11	6/20/16	(1,265		)	(1,875		)
	Swap	Cash flow	$	20,000	1.8025	%	6/20/11	6/20/16	(632		)	(937		)
	Swap	Cash flow	$	75,000	1.336	%	12/30/11	3/31/17	(1,132		)	(2,378		)
	Swap	Cash flow	$	50,000	1.336	%	12/30/11	3/31/17	(752		)	(1,583		)
	Swap	Cash flow	$	50,000	1.336	%	12/30/11	3/31/17	(754		)	(1,583		)
	Swap	Cash flow	$	25,000	1.3375	%	12/30/11	3/31/17	(380		)	(799		)
	Swap	Cash flow	$	40,000	2.459	%	6/20/11	6/20/18	(1,820		)	(3,433		)
	Swap	Cash flow	$	40,000	2.4725	%	6/20/11	6/20/18	(1,842		)	(3,470		)
	Swap	Cash flow	$	20,000	2.475	%	6/20/11	6/20/18	(921		)	(1,734		)
			$	400,000					$	(10,763	)	$	(19,665	)
	(a)         Hedging unsecured variable rate debt by fixing 30-day LIBOR.
	The Company measures its derivative instruments at fair value and records them in the balance sheet as either an asset or liability.  As of December 31, 2013 and 2012, all derivative instruments were included in accounts payable, accrued expenses and other liabilities in the accompanying consolidated balance sheets.  The effective portions of changes in the fair value of the derivatives are reported in accumulated other comprehensive income (loss).  Amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt.  The change in unrealized loss on interest rate swap reflects a reclassification of $6.2 million of unrealized losses from accumulated other comprehensive loss as an increase to interest expense during 2013.  The Company estimates that $6.1 million will be reclassified as an increase to interest expense in 2014.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	11.  FAIR VALUE MEASUREMENTS
	The Company applies the methods of determining fair value, as described in authoritative guidance, to value its financial assets and liabilities. As defined in the guidance, fair value is based on the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In order to increase consistency and comparability in fair value measurements, the guidance establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:
	Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.
	Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data.
	Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.
	In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs, to the extent possible, as well as considering counterparty credit risk in its assessment of fair value.
	Financial assets and liabilities carried at fair value as of December 31, 2013 are classified in the table below in one of the three categories described above (dollars in thousands):
		Level 1		Level 2		Level 3
	Interest Rate Swap Derivative Liabilities	$	—	$	10,763	$	—
	Total liabilities at fair value	$	—	$	10,763	$	—
	Financial assets and liabilities carried at fair value as of December 31, 2012 are classified in the table below in one of the three categories described above (dollars in thousands):
		Level 1		Level 2		Level 3
	Interest Rate Swap Derivative Liabilities	$	—	$	19,665	$	—
	Total liabilities at fair value	$	—	$	19,665	$	—
	Financial assets and liabilities carried at fair value were classified as Level 2 inputs.  For financial liabilities that utilize Level 2 inputs, the Company utilizes both direct and indirect observable price quotes, including LIBOR yield curves, bank price quotes for forward starting swaps, NYMEX futures pricing and common stock price quotes. Below is a summary of valuation techniques for Level 2 financial liabilities:
	·                  Interest rate swap derivative assets and liabilities — valued using LIBOR yield curves at the reporting date. Counterparties to these contracts are most often highly rated financial institutions, none of which experienced any significant downgrades in 2013 that would reduce the amount owed by the Company.  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 the Company’s derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and the counterparties. However, as of December 31, 2013, the Company has assessed the significance of the effect 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.
	During 2012, the Company recorded a nonrecurring Level 3 fair value measurement gain of approximately $7.0 million resulting from the remeasurement of its investment in HSREV (see note 5).  Fair value for those assets measured using Level 3 inputs was determined through the use of a direct capitalization approach. The direct capitalization approach applies a projected yield for the investment to the estimated stabilized income for the facility.  Yield rates utilized in this approach are derived from market transactions as well as other financial and industry data. The yield rates used in determining the fair value of HSREV ranged from 6%-7%.
	The fair values of financial instruments, including cash and cash equivalents, accounts receivable and accounts payable approximate their respective carrying values at December 31, 2013 and 2012.  The aggregate carrying value of the Company’s debt was $1,138.8 million and $1,023.8 million at December 31, 2013 and 2012, respectively.  The estimated fair value of the Company’s debt was $1,140.9 million and $1,017.3 million at December 31, 2013 and 2012, respectively. These estimates were based on a discounted cash flow analysis assuming market interest rates for comparable obligations at December 31, 2013 and 2012.  The Company estimates the fair value of its fixed rate debt and the credit spreads over variable market rates on its variable rate debt by discounting the future cash flows of each instrument at estimated market rates or credit spreads consistent with the maturity of the debt obligation with similar credit policies, which is classified within level 2 of the fair value hierarchy. Rates and credit spreads take into consideration general market conditions and maturity.

NONCONTROLLING_INTERESTS

NONCONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2013
NONCONTROLLING INTERESTS	'
NONCONTROLLING INTERESTS	'
	12.  NONCONTROLLING INTERESTS
	Interests in Consolidated Real Estate Joint Ventures
	251 Jamaica Ave, LLC (“Jamaica Ave”) was formed to own, operate, and develop a self-storage facility in New York, NY.  The Company owns a 51% interest in Jamaica Ave and 49% is owned by another member (“Jamaica Ave Member”).  The facility is expected to commence operations during 2015.  The Jamaica Ave member has an option to put its ownership interest in the venture to the Company for $12.5 million within a year after the construction of the facility is substantially complete.  Additionally, the Company has a one-year option to call the ownership interest of Jamaica Ave Member for $12.5 million starting for a year period beginning on the second anniversary of the facility’s construction being substantially complete.  The Company determined that Jamaica Ave is a variable interest entity, and that the Company is the primary beneficiary.  Accordingly, the Company consolidates the assets, liabilities, and results of operations of Jamaica Ave.  At December 31, 2013, Jamaica Ave had total assets of $6.3 million.
	The Company formed two entities, collectively known as “SNL”, with a partner to own, operate and develop two self-storage facilities in the boroughs of New York, NY.  The Company owns 90% of SNL and the facilities are expected to commence operations during 2015.  The Company consolidates the assets, liabilities, and results of operations of SNL.  At December 31, 2013, SNL had total assets of $3.8 million and total liabilities of $0.1 million.
	Shirlington Rd, LLC (“SRLLC”) was formed to own, operate, and develop a self-storage facility in Northern Virginia.  The Company owns a 90% interest in SRLLC and the facility is expected to commence operations during 2015.  The Company consolidates the assets, liabilities, and results of operations of SRLLC.  At December 31, 2013, SRLLC had total assets of $13.6 million and total liabilities of $9.1 million.  The Company provided a $9.0 million loan secured by a mortgage on the real estate assets of SRLLC.  The loan and any related interest was eliminated during consolidation.
	USIFB, LLP (“USIFB”) was formed to own, operate, acquire and develop self-storage facilities in England.  The Company owns a 97% interest in the USIFB through a wholly-owned subsidiary and USIFB commenced operations at two facilities in London, England during 2008.  The Company determined that USIFB is a variable interest entity, and that the Company is the primary beneficiary.  Accordingly, the Company consolidates the assets, liabilities and results of operations of USIFB.  At December 31, 2013, USIFB had total assets of $11.8 million and total liabilities of $7.1 million.  On December 31, 2013 the Company provided a $6.8 million (£4.1 million) loan secured by a mortgage on real estate assets of USIFB.  The loan and any related interest was eliminated during consolidation.
	On August 13, 2009, the Company, through a wholly-owned affiliate, formed a joint venture (“HART”) with an affiliate of Heitman, LLC (“Heitman”) to own and operate 22 self-storage facilities, which are located throughout the United States.  Upon formation, Heitman contributed approximately $51 million of cash to a newly-formed limited partnership and the Company contributed certain unencumbered wholly-owned facilities with an agreed upon value of approximately $102 million to such limited partnership.  In exchange for its contribution of those facilities, the Company received a cash distribution from HART of approximately $51 million and retained a 50% interest in HART.  The Company was the managing partner of HART and managed the facilities owned by HART in exchange for a market rate management fee.  The Company determined that HART was a variable interest entity, and that the Company was the primary beneficiary.  Accordingly, the Company consolidated the assets, liabilities and results of operations of HART.  The 50% interest that was owned by Heitman was reflected as noncontrolling interest in subsidiaries within permanent equity, separate from the Company’s equity on the consolidated balance sheets.
	On August 13, 2012, the Company purchased the remaining 50% interest in HART from Heitman for $61.1 million, and now owns 100% of HART. Accordingly, the Company wholly owns the facilities which are unencumbered by any property-level secured debt.  The Company previously consolidated HART, and therefore the acquisition of the remaining 50% interest is reflected in the equity section of the accompanying consolidated balance sheets.  As a result of the transaction, the Company eliminated noncontrolling interest in subsidiaries of $38.7 million and recorded a reduction to additional paid in capital of $18.5 million.
	Operating Partnership Ownership
	The Company follows guidance regarding the classification and measurement of redeemable securities.  Under this guidance, securities that are redeemable for cash or other assets, at the option of the holder and not solely within the control of the issuer, must be classified outside of permanent equity/capital.  This classification results in certain outside ownership interests being included as redeemable noncontrolling interests outside of permanent equity/capital in the consolidated balance sheets.  The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions.
	Additionally, with respect to redeemable ownership interests in the Operating Partnership held by third parties for which CubeSmart has a choice to settle the redemption by delivery of its own shares, the Operating Partnership considered the guidance regarding accounting for derivative financial instruments indexed to, and potentially settled in, a company’s own shares, to evaluate whether CubeSmart controls the actions or events necessary to presume share settlement. The guidance also requires that noncontrolling interests classified outside of permanent capital be adjusted each period to the greater of the carrying value based on the accumulation of historical cost or the redemption value.
	Approximately 1.6% and 2.4% of the outstanding OP Units as of December 31, 2013 and December 31, 2012, respectively, were not owned by CubeSmart, the sole general partner.  The interests in the Operating Partnership represented by these OP Units were a component of the consideration that the Operating Partnership paid to acquire certain self-storage facilities. The holders of the OP Units are limited partners in the Operating Partnership and have the right to require CubeSmart to redeem all or part of their OP Units for, at the general partner’s option, an equivalent number of common shares of CubeSmart or cash based upon the fair value of an equivalent number of common shares of CubeSmart.  However, the partnership agreement contains certain provisions that could result in a settlement outside the control of CubeSmart and the Operating Partnership, as CubeSmart does not have the ability to settle in unregistered shares.  Accordingly, consistent with the guidance, the Operating Partnership will record the OP Units owned by third parties outside of permanent capital in the consolidated balance sheets. Net income or loss related to the OP Units owned by third parties is excluded from net income or loss attributable to Operating Partner in the consolidated statements of operations.
	At December 31, 2013 and 2012, 2,275,730 and 3,293,730 OP units, respectively, were outstanding.  The per Unit cash redemption amount of the outstanding OP units was calculated based upon the average of the closing prices of the common shares of CubeSmart on the New York Stock Exchange for the final 10 trading days of the year. Based on the Company’s evaluation of the redemption value of the redeemable noncontrolling interests, the Company has reflected these interests at their redemption value at December 31, 2013 and 2012, as the estimated redemption value exceeded their carrying value. The Operating Partnership recorded an increase to OP Units owned by third parties and a corresponding decrease to capital of $3.3 million and $19.5 million at December 31, 2013 and 2012, respectively.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	13.  RELATED PARTY TRANSACTIONS
	Affiliated Real Estate Investments
	The Company provides management services to certain joint ventures and other related party facilities.  Management agreements provide generally for management fees of between 5-6% of cash collected of total revenue of the facilities.  Total management fees for unconsolidated joint ventures or other entities of which the Company had an ownership interest in for the years ending December 31, 2013, 2012, and 2011 respectively, were $0.1 million, $0.2 million and $0.1 million, respectively.
	The management agreements for certain joint ventures, other related parties and third-party facilities provide for the reimbursement to the Company for certain expenses incurred to manage the facilities.  These amounts consist of amounts due for management fees, payroll, and other expenses incurred on behalf of the facilities.  The amounts due to the Company were $2.1 million and $1.3 million as of December 31, 2013 and 2012, respectively.  Additionally, as discussed in note 12 the Company has outstanding mortgage loans receivable from consolidated joint ventures of $15.8 million as of December 31, 2013 that are eliminated for consolidation purposes.  The Company believes that all of these related-party receivables are fully collectible.
	Corporate Office Leases
	Subsequent to its entry into lease agreements with related parties for office space, the Operating Partnership entered into sublease agreements with various unrelated tenants for the related office space.  Each of these properties is part of Airport Executive Park, a 50-acre office and flex development located in Cleveland, Ohio, which is owned by former executives. Our independent Trustees approved the terms of, and entry into, each of the office lease agreements by the Operating Partnership.  The table below shows the office space subject to these lease agreements and certain key provisions, including the term of each lease agreement, the period for which the Operating Partnership may extend the term of each lease agreement, and the minimum and maximum rents payable per month during the term.
	Office Space	Approximate	Maturity Date	Fixed Minimum		Fixed
		Square Footage		Rent Per Month		Maximum Rent
						Per Month
	The Parkview Building — 6745 Engle Road; and 6751 Engle Road	21,900	12/31/14	$	25,673	$	31,205
	6745 Engle Road — Suite 100	2,212	12/31/14	$	3,051	$	3,709
	6745 Engle Road — Suite 110	1,731	12/31/14	$	2,387	$	2,901
	6751 Engle Road — Suites C and D	3,000	12/31/14	$	3,137	$	3,771
	(1)         Our Operating Partnership may extend the lease agreement beyond the termination date by the period set forth in this column at prevailing market rates upon the same terms and conditions contained in each of the lease agreements.
	In addition to monthly rent, the office lease agreements provide that our Operating Partnership reimburse for certain maintenance and improvements to the leased office space.  The aggregate amount of lease payments incurred under these lease agreements for each of the years ended December 31, 2013 and December 31, 2012 was approximately $0.5 million.
	Total future minimum rental payments due in accordance with the related party lease agreements are $0.5 million and total future cash receipts due from our subtenants are $0.3 million as of December 31, 2013.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	14.  COMMITMENTS AND CONTINGENCIES
	The Company currently owns five operating self-storage facilities and one self-storage facility currently under development that are subject to ground leases and four other operating self-storage facilities having portions of land that are subject to ground leases. The Company recorded ground rent expense of approximately $2.2 million, $1.2 million, and $0.3 million for the years ended December 31, 2013, 2012 and 2011, respectively.  Total future minimum rental payments under non-cancelable ground leases are as follows:
		Ground Lease
		Amount
		(in thousands)
	2014	$	1,329
	2015	1,336
	2016	1,329
	2017	1,329
	2018	1,242
	2019 and thereafter	64,836
		$	71,401
	The Company has development agreements for the construction of five new self-storage facilities (see note 4), which will require payments of approximately $54.3 million, due in installments upon completion of certain construction milestones, during 2014 and 2015.
	The Company has been named as a defendant in lawsuits in the ordinary course of business.  In most instances, these claims are covered by the Company’s liability insurance coverage.  Management believes that the ultimate settlement of the suits will not have a material adverse effect on the Company’s financial statements.

SHAREBASED_COMPENSATION_PLANS

SHARE-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2013
SHARE-BASED COMPENSATION PLANS	'
SHARE-BASED COMPENSATION PLANS	'
	15.  SHARE-BASED COMPENSATION PLANS
	On June 2, 2010 the Company’s shareholders approved an amendment and restatement of the Company’s 2007 Equity Incentive Plan, a share-based employee compensation plan originally approved by shareholders on May 8, 2007 (as amended and restated, the “2007 Plan”).  On October 19, 2004, the Company’s sole shareholder approved a share-based employee compensation plan, the 2004 Equity Incentive Plan (the “2004 Plan” and collectively with the 2007 Plan, the “Plans”).  The purpose of the Plans is to attract and retain highly qualified executive officers, Trustees and key employees and other persons and to motivate such officers, Trustees, key employees and other persons to serve the Company and its affiliates to expend maximum effort to improve the business results and earnings of the Company, by providing to such persons an opportunity to acquire or increase a direct proprietary interest in the operations and future success of the Company.  To this end, the Plans provide for the grant of share options, share appreciation rights, restricted shares, share units, unrestricted shares, dividend equivalent rights and cash awards.  Any of these awards may, but need not, be made as performance incentives to reward attainment of annual or long-term performance goals.  Share options granted under the Plans may be non-qualified share options or incentive share options.
	The Plans are administered by the Compensation Committee of the Company’s Board of Trustees (the “Compensation Committee”), which is appointed by the Board of Trustees. The Compensation Committee interprets the Plans and, subject to its right to delegate authority to grant awards, determines the terms and provisions of option grants and share awards.
	The 2007 Plan uses a “Fungible Units” methodology for computing the maximum number of common shares available for issuance under the 2007 Plan.  The Fungible Units methodology assigns weighted values to different types of awards under the 2007 Plan without assigning specific numerical limits for different types of awards.  Upon shareholder approval of the amendment and restatement of the 2007 Plan in June 2010, a “Fungible Pool Limit” was established consisting of 4,728,561 shares plus any common shares restored to availability upon expiration or forfeiture of then-currently outstanding options or restricted share awards (consisting of 372,135 shares).
	The 2007 Plan provides that any common shares made the subject of awards in the form of options or share appreciation rights shall be counted against the Fungible Pool Limit as one (1) unit.  Any common shares made the subject of awards under the 2007 Plan in the form of restricted shares or share units (each a “Full-Value Award”) shall be counted against the Fungible Pool Limit as 1.66 units.  The Fungible Pool Limit and the computation of the number of common shares available for issuance are subject to adjustment upon certain corporate transactions or events, including share splits, reverse share splits and recapitalizations.  The number of shares counted against the Fungible Pool Limit includes the full number of shares subject to the award, and is not reduced in the event shares are withheld to fund withholding tax obligations, or, in the case of options and share appreciation rights, where shares are applied to pay the exercise price.  If an option or other award granted under the 2007 Plan expires, is forfeited or otherwise terminates, the common shares subject to any portion of such option or other award that expires, is forfeited or that otherwise terminates, as the case may be, will again become available for issuance under the 2007 Plan.
	In addition to the overall limit on the number of shares that may be subject to awards under the 2007 Plan, the 2007 Plan limits the number of shares that may be the subject of awards during the three-year period ending December 31, 2013.  Specifically, the average of the following three ratios (each expressed as a percentage) shall not exceed the greater of two percent (2%) or the mean of the Company’s GICS peer group for the three-year period beginning January 1, 2011 and ending December 31, 2013.  The three ratios would correspond to the three calendar years in the three-year period ending December 31, 2013, and each ratio would be computed as (i) the number of shares subject to awards granted in the applicable year divided by (ii) the sum of the number of common shares and units of the Company’s operating partnership (“OP Units”) exchangeable into common shares outstanding at the end of such year.  Solely for purposes of calculating the number of shares subject to awards under this limitation, shares underlying Full-Value Awards will be taken into account in the numerator of the foregoing ratios as 1.5 shares.
	Subject to adjustment upon certain corporate transactions or events, a participant may not receive awards (with shares subject to awards being counted, depending on the type of award, in the proportions ranging from 1.0 to 1.66), as described above in any one calendar year covering more than 1,000,000 units.
	With respect to the 2004 Plan, a total of 3 million common shares are reserved for issuance under the 2004 Plan. The maximum number of common shares underlying equity awards that may be granted to an individual participant under the 2004 Plan during any calendar year is 400,000 for options or share appreciation rights and 100,000 for restricted shares or restricted share units. The maximum number of common shares that can be awarded under the Plan to any person, other than pursuant to an option, share appreciation rights or time-vested restricted shares, is 250,000 per calendar year under the 2004 Plan.  To the extent that options expire unexercised or are terminated, surrendered or canceled, the options and share awards become available for future grants under the 2004 Plan, unless the 2004 Plan has been terminated.
	Under the Plans, the Compensation Committee determines the vesting schedule of each share award and option. The exercise price for options is equivalent to the fair value of the underlying common shares at the grant date. The Compensation Committee also determines the term of each option, which shall not exceed 10 years from the grant date.
	Share Options
	The fair values for options granted in 2013, 2012, and 2011 were estimated at the time the options were granted using the Black-Scholes option-pricing model applying the following weighted average assumptions:
	Assumptions:	2013			2012			2011
	Risk-free interest rate	1		%	2		%	3.3		%
	Expected dividend yield	3.3		%	4.5		%	4.8		%
	Volatility (a)	42		%	52.22		%	54.6		%
	Weighted average expected life of the options (b)	6.0 years			9.59 years			9.9 years
	Weighted average grant date fair value of options granted per share	$	4.28		$	3.94		$	3.4
	(a)  Expected volatility is based upon the level of volatility historically experienced.
	(b)  Expected life is based upon our expectations of share option recipients’ expected exercise and termination patterns.
	The Black-Scholes option-pricing model was developed for use in estimating the fair value of traded options. In addition, option-pricing models require the input of highly subjective assumptions, including the expected share price volatility. Volatility for the 2011, 2012, and 2013 grants was based on the trading history of the Company’s shares.
	In 2013, 2012, and 2011, the Company recognized compensation expense related to options issued to employees and executives of approximately $0.9 million, $1.2 million and $1.5 million, respectively, which was recorded in general and administrative expense.  Approximately 182,297 share options were issued during 2013 for which the fair value of the options at their respective grant dates was approximately $0.8 million, which vest over three years.  As of December 31, 2013, the Company had approximately $0.9 million of unrecognized option compensation cost related to all grants that will be recorded over the next four years.
	The table below summarizes the option activity under the Plan for the years ended December 31, 2013, 2012 and 2011:
							Weighted Average
		Number of Shares		Weighted Average			Remaining
		Under Option		Strike Price			Contractual Term
	Balance at December 31, 2010	5,013,760		$	10.38		7.18
	Options granted	346,882		9.38			9.11
	Options canceled	(80,924	)	9.4			—
	Options exercised	(24,000	)	5.06			6.84
	Balance at December 31, 2011	5,255,718		$	10.35		6.33
	Options granted	222,421		11.48			9.14
	Options canceled	(10,375	)	9.01			—
	Options exercised	(209,900	)	7.89			6.08
	Balance at December 31, 2012	5,257,864		$	10.5		5.49
	Options granted	182,297		14.84			9.08
	Options canceled	(24,000	)	13.57			—
	Options exercised	(511,548	)	7.24			4.53
	Balance at December 31, 2013	4,904,613		$	10.99		4.66
	Vested or expected to vest at December 31, 2013	4,904,613		$	10.99		4.66
	Exercisable at December 31, 2013	4,462,447		$	10.87		4.31
	At December 31, 2013, the aggregate intrinsic value of options outstanding, of options that vested or expected to vest and of options that were exercisable was approximately $28.5 million.  The aggregate intrinsic value of options exercised was approximately $4.8 million for the year ended December 31, 2013.
	Restricted Shares
	The Company applies the fair value method of accounting for contingently issued shares.  As such, each grant is recognized ratably over the related vesting period.  Approximately 219,000 restricted shares and share units were issued during 2013 for which the fair value of the restricted shares and share units at their respective grant dates was approximately $3.4 million, which vest over three to five years.  During 2012, approximately 595,000 restricted shares and share units were issued for which the fair value of the restricted shares and share units at their respective grant dates was approximately $6.9 million.  As of December 31, 2013 the Company had approximately $3.2 million of remaining unrecognized restricted share and share unit compensation costs that will be recognized over the next four years.  Restricted share awards are considered to be performance awards and are valued using the share price on the grant date.  The compensation expense recognized related to these awards and remaining unrecognized compensation costs are included in the amounts disclosed above.
	In 2013, 2012 and 2011, the Company recognized compensation expense related to restricted shares and share units issued to employees and Trustees of approximately $5.4 million, $3.9 million, and $2.2 million, respectively; these amounts were recorded in general and administrative expense. The following table presents non-vested restricted share and share unit activity during 2013:
		Number of Non-
		Vested Restricted
		Shares and Share Units
	Non-Vested at January 1, 2013	853,140
	Granted	219,338
	Vested	(350,328	)
	Forfeited	(10,519	)
	Non-Vested at December 31, 2013	711,631
	On January 25, 2013, 41,503 restricted share units were granted to certain executives.  The restricted share units were granted in the form of deferred share units with a market condition, entitling the holders thereof to receive common shares at a future date.  The deferred share units will be awarded based on the Company’s total return to shareholders with respect to a specified peer group consisting of publicly traded REITs over a three-year period.  The fair value of the restricted share units on the grant date was approximately $0.8 million.  The Company used a Monte Carlo simulation analysis to estimate the fair value of the awards.  The restricted share units will cliff vest upon the third anniversary of the effective date, or December 31, 2015.  The compensation expense recognized related to these awards and remaining unrecognized compensation costs are included in the amounts disclosed above.
	On January 25, 2012, 49,981 restricted share units were granted to certain executives.  The restricted share units were granted in the form of deferred share units with a market condition, entitling the holders thereof to receive common shares at a future date.  The deferred share units will be awarded based on the Company’s total return to shareholders with respect to a specified peer group consisting of publicly traded REITs over a three-year period.  The fair value of the restricted share units on the grant date was approximately $0.8 million.  The Company used a Monte Carlo simulation analysis to estimate the fair value of the awards.  The restricted share units will cliff vest upon the third anniversary of the effective date, or December 31, 2014.  The compensation expense recognized related to these awards and remaining unrecognized compensation costs are included in the amounts disclosed above.
	On May 30, 2012, 274,668 restricted share units were granted to our former chief executive officer.  The restricted share units were granted in the form of deferred share units with a market condition, entitling the holder thereof to receive common shares at a future date.  The deferred share units will be awarded based on the price return of the Company’s share price over a two-year period.  The fair value of the restricted share units on the grant date was approximately $3.0 million.  The Company used a Monte Carlo simulation analysis to estimate the fair value of the award.  The restricted share units cliff vested on December 31, 2013.  The compensation expense recognized related to these awards and remaining unrecognized compensation costs are included in the amounts disclosed above.

EARNINGS_PER_SHARE_AND_UNIT_AN

EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL	12 Months Ended
	Dec. 31, 2013
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL	'
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL	'
	16.  EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS’ EQUITY AND CAPITAL
	Earnings (loss) per common share and shareholders’ equity
	The following is a summary of the elements used in calculating basic and diluted earnings (loss) per common share:
		For the year ended December 31,
		2013			2012			2011
		(Dollars and shares in thousands, except per share amounts)
	Income (loss) from continuing operations	$	10,409		$	(13,276	)	$	(13,400	)
	Noncontrolling interests in the Operating Partnership	(51		)	513			694
	Noncontrolling interest in subsidiaries	42			(1,918		)	(2,810		)
	Distribution to preferred shares (1)	(6,008		)	(6,008		)	(1,218		)
	Income (loss) from continuing operations attributable to the Company’s common shareholders	$	4,392		$	(20,689	)	$	(16,734	)
	Total discontinued operations	31,585			16,904			15,847
	Noncontrolling interests in the Operating Partnership	(537		)	(406		)	(729		)
	Total discontinued operations attributable to the Company’s common shareholders	$	31,048		$	16,498		$	15,118
	Net income (loss) attributable to the Company’s common shareholders	$	35,440		$	(4,191	)	$	(1,616	)
	Weighted-average shares outstanding	135,191			124,548			102,976
	Share options and restricted share units (2)	2,551			—			—
	Weighted-average diluted shares outstanding (3)	137,742			124,548			102,976
	Earnings (loss) per common share:
	Continuing operations	$	0.03		$	(0.17	)	$	(0.16	)
	Discontinued operations	0.23			0.14			0.14
	Basic and diluted earnings (loss) per common share	$	0.26		$	(0.03	)	$	(0.02	)
	Earnings (loss) per common unit and capital
	The following is a summary of the elements used in calculating basic and diluted earnings (loss) per common unit:
		For the year ended December 31,
		2013			2012			2011
		(Dollars and units in thousands, except per unit amounts)
	Income (loss) from continuing operations	$	10,409		$	(13,276	)	$	(13,400	)
	Operating Partnership interests of third parties	(51		)	513			694
	Noncontrolling interest in subsidiaries	42			(1,918		)	(2,810		)
	Distribution to preferred unitholders (1)	(6,008		)	(6,008		)	(1,218		)
	Income (loss) from continuing operations attributable to common unitholders	$	4,392		$	(20,689	)	$	(16,734	)
	Total discontinued operations	31,585			16,904			15,847
	Operating Partnership interests of third parties	(537		)	(406		)	(729		)
	Total discontinued operations attributable to common unitholders	$	31,048		$	16,498		$	15,118
	Net income (loss) attributable to common unitholders	$	35,440		$	(4,191	)	$	(1,616	)
	Weighted-average units outstanding	135,191			124,548			102,976
	Unit options and restricted share units (2)	2,551			—			—
	Weighted-average diluted units outstanding (3)	137,742			124,548			102,976
	Earnings (loss) per common unit:
	Continuing operations	$	0.03		$	(0.17	)	$	(0.16	)
	Discontinued operations	0.23			0.14			0.14
	Basic and diluted earnings (loss) per common unit	$	0.26		$	(0.03	)	$	(0.02	)
	(1)  For the year ended December 31, 2013, 2012 and 2011, the Company declared cash dividends per preferred share/unit of $1.938, $1.938 and $0.393, respectively.
	(2) For the years ended December 31, 2012 and 2011, the potentially dilutive shares/units of approximately 2,000,000, and 1,378,000 respectively, were not included in the earnings per share/unit calculation as their effect is antidilutive.
	(3) For the years ended December 31, 2013, 2012 and 2011, the Company declared cash dividends per common share/unit of $0.460, $0.350 and $0.290, respectively.
	The Operating Partnership units and common units have essentially the same economic characteristics as they share equally in the total net income or loss and distributions of the Operating Partnership.  An Operating Partnership unit may be redeemed for cash, or at the Company’s option, common units on a one-for-one basis.  Outstanding noncontrolling interest units in the Operating Partnership were 2,275,730, 3,293,730 and 4,674,136 as of December 31, 2013, 2012 and 2011, respectively.  There were 139,328,366 and 131,794,547 common units outstanding as of December 31, 2013 and 2012, respectively.
	Issuance of Common and Preferred Shares
	Pursuant to our previous sales agreement with Cantor Fitzgerald & Co. (the “Previous Sales Agent”), dated April 3, 2009, as amended on January 26, 2011 and September 16, 2011 (as amended, the “Previous Sales Agreement”), the Company had a program to enable it to sell up to 20 million common shares in “at the market” offerings.  On May 7, 2013, the Company terminated the Previous Sales Agreement with the Previous Sales Agent and entered into separate Equity Distribution Agreements (the “Equity Distribution Agreements”) with each of Wells Fargo Securities LLC; BMO Capital Markets Corp.; Jefferies LLC; Merrill Lynch, Pierce, Fenner & Smith Incorporated; and RBC Capital Markets, LLC (collectively, the “Sales Agents”).   Pursuant to the Equity Distribution Agreements, the Company may sell, from time to time, up to 12 million common shares of beneficial interest through the Sales Agents.
	During 2013, the Company sold a total of 5.7 million common shares under the agreements at an average sales price of $17.92 per share, resulting in gross proceeds of $102.1 million under the program.  The Company incurred $1.8 million of offering costs in conjunction with the 2013 sales.  The proceeds from the sales conducted during the year ended December 31, 2013 were used to fund acquisitions of storage facilities and for general corporate purposes.  As of December 31, 2013, 6.4 million common shares remained available for issuance under the Equity Distribution Agreements.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
INCOME TAXES	'
	17.  INCOME TAXES
	Deferred income taxes are established for temporary differences between financial reporting basis and tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the temporary differences reverse.  A valuation allowance for deferred tax assets is provided if the Company believes that it is more likely than not that all or some portion of the deferred tax asset will not be realized.  No valuation allowance was recorded at December 31, 2013 or 2012.  The Company had net deferred tax assets of $0.7 million, which are included in other assets, as of December 31, 2013 and 2012.  The Company believes it is more likely than not the deferred tax assets will be realized.
	The following table discloses the income tax rates for the periods identified below:
		For the year ended December 31,
		2013		2012
	Effective income tax rate
	Statutory federal income tax rate	34	%	34	%
	State and local income taxes	4	%	4	%
	Effective income tax rate	38	%	38	%
	The following table discloses the Company’s deferred tax assets and liabilities as of December 31, 2013 and 2012, which are included in other assets on the consolidated balance sheets:
		As of December 31,
		2013					2012
		(in thousands)
		Assets			Liabilities		Assets		Liabilities
	Deferred taxes
	Share based compensation	$	2,379		$	2,175	$	3,684	$	3,347
	Other	461			—		400		—
	Deferred taxes	$	2,840		$	2,175	$	4,084	$	3,347

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2013
DISCONTINUED OPERATIONS	'
DISCONTINUED OPERATIONS	'
	18.  DISCONTINUED OPERATIONS
	For the years ended December 31, 2013, 2012 and 2011, discontinued operations relates to 35 facilities that the Company sold during 2013, 26 facilities that the Company sold during 2012, and 19 facilities that the Company sold during 2011.  Each of the sales during 2013, 2012 and 2011 resulted in the recognition of a gain, which totaled $27.4 million, $9.8 million, and $3.9 million, respectively.
	The following table summarizes the revenue and expense information for the period the Company owned the facilities classified as discontinued operations during the years ended December 31, 2013, 2012 and 2011 (in thousands):
	-
		For the year ended December 31,
		2013			2012			2011
	REVENUES
	Rental income	$	10,795		$	21,077		$	27,958
	Other property related income	1,583			2,703			5,138
	Total revenues	12,378			23,780			33,096
	OPERATING EXPENSES
	Property operating expenses	5,318			10,742			13,630
	Depreciation and amortization	2,703			5,548			7,110
	Total operating expenses	8,021			16,290			20,740
	OPERATING INCOME	4,357			7,490			12,356
	OTHER (EXPENSE) INCOME
	Interest expense on loans	(212		)	(397		)	(412		)
	Gain from disposition of discontinued operations	27,440			9,811			3,903
	Income from discontinued operations	$	31,585		$	16,904		$	15,847

PRO_FORMA_FINANCIAL_INFORMATIO

PRO FORMA FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2013
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)	'
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)	'
	19.  PRO FORMA FINANCIAL INFORMATION (UNAUDITED)
	During the year ended December 31, 2013, the Company acquired 20 self-storage facilities for an aggregate purchase price of approximately $189.8 million (see note 3).
	The condensed consolidated pro forma financial information set forth below reflects adjustments to the Company’s historical financial data to give effect to each of the acquisitions and related financing activity (including the issuance of common shares) that occurred during 2013 and 2012 as if each had occurred as of January 1, 2012 and 2011, respectively.  The unaudited pro forma information presented below does not purport to represent what the Company’s actual results of operations would have been for the periods indicated, nor does it purport to represent the Company’s future results of operations.
	The following table summarizes, on a pro forma basis, the Company’s consolidated results of operations for the year ended December 31, 2013 and 2012 based on the assumptions described above:
		Year ended December 31,
		2013		2012
		(unaudited)
		(in thousands, except per share data)
	Pro forma revenue	$	328,501	$	306,006
	Pro forma income from continuing operations	40,616		15,784
	Earnings (loss) per common share from continuing operations:
	Basic and diluted — as reported	$	0.03	$	(0.17	)
	Basic and diluted — as pro forma	0.25		0.06

SELECTED_QUARTERLY_FINANCIAL_D

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	'
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	'
	20.  SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
	The following is a summary of quarterly financial information for the years ended December 31, 2013 and 2012 (in thousands, except per share data):
		Three months ended
		March 31,			June 30,		September 30,		December 31,
		2013			2013		2013		2013
	Total revenues	$	74,655		$	78,289	$	82,487	$	82,964
	Total operating expenses	65,756			64,377		65,785		64,180
	Net (loss) income attributable to the Company	(392		)	2,550		16,342		22,948
	Basic and diluted (loss) earnings per share	(0.01		)	0.01		0.11		0.15
		Three months ended
		March 31,			June 30,		September 30,		December 31,
		2012			2012		2012		2012
	Total revenues	$	60,548		$	63,649	$	69,050	$	73,075
	Total operating expenses	54,754			57,644		62,492		64,559
	Net (loss) income attributable to the Company	(3,843		)	2,543		1,636		1,481
	Basic and diluted (loss) earnings per share	(0.04		)	0.01		0		0
	The sum of quarterly earnings per share amounts do not necessarily equal the full year amounts.  The above information was updated to reclassify amounts to discontinued operations (see note 18).

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	21. SUBSEQUENT EVENTS
	Subsequent to December 31, 2013, the Company acquired one facility in California, one facility in Connecticut, three facilities in Florida and two facilities in Maryland for an aggregate purchase price of $73.0 million, net of $26.0 million of assumed debt associated with two facilities in Florida and two facilities in Maryland.

SCHEDULE_III_REAL_ESTATE_AND_R

SCHEDULE III REAL ESTATE AND RELATED DEPRECIATION	12 Months Ended
	Dec. 31, 2013
SCHEDULE III REAL ESTATE AND RELATED DEPRECIATION	'
SCHEDULE III REAL ESTATE AND RELATED DEPRECIATION	'
	CUBESMART
	SCHEDULE III
	REAL ESTATE AND RELATED DEPRECIATION
	December 31, 2013
	(Dollars in thousands)
						Initial Cost			Costs	Gross Carrying Amount at
										December 31, 2013
	Description	Square		Encumbrances		Land		Buildings	Subsequent	Land	Buildings	Total	Accumulated	Year
		Footage						&	to		&		Depreciation	Acquired/
								Improvements	Acquisition		Improvements		(D)	Developed
	Chandler I, AZ	47,520				327		1,257	266	327	1,368	1,695	389	2005
	Chandler II, AZ	83,859				1,518		7,485	6	1,518	7,491	9,009	414	2013
	Gilbert, AZ	57,430				951		4,688	8	951	4,696	5,647	1,267	2013
	Glendale, AZ	56,807				201		2,265	1,006	418	2,721	3,139	1,228	1998
	Green Valley, AZ	25,200				298		1,153	129	298	1,072	1,370	288	2005
	Mesa I, AZ	52,375				920		2,739	173	921	2,466	3,387	668	2006
	Mesa II, AZ	45,461				731		2,176	181	731	2,042	2,773	544	2006
	Mesa III, AZ	58,264				706		2,101	168	706	1,885	2,591	521	2006
	Phoenix I, AZ	100,775				1,134		3,376	316	1,135	3,043	4,178	842	2006
	Phoenix II, AZ	83,415				756		2,251	1,498	847	3,053	3,900	679	2006/2011
	Scottsdale, AZ	79,825				443		4,879	1,691	883	5,472	6,355	2,457	1998
	Tempe I, AZ	53,890				749		2,159	194	749	2,049	2,798	530	2005
	Tempe II, AZ	35,125				588		2,898	12	588	2,910	3,498	495	2013
	Tucson I, AZ	59,500				188		2,078	950	384	2,574	2,958	1,149	1998
	Tucson II, AZ	43,850				188		2,078	1,019	391	2,621	3,012	1,102	1998
	Tucson III, AZ	49,832			(A)	532		2,048	225	533	1,912	2,445	504	2005
	Tucson IV, AZ	48,040			(A)	674		2,595	249	675	2,423	3,098	641	2005
	Tucson V, AZ	45,134			(A)	515		1,980	324	515	1,948	2,463	503	2005
	Tucson VI, AZ	40,814			(A)	440		1,692	193	430	1,588	2,018	425	2005
	Tucson VII, AZ	52,638			(A)	670		2,576	224	670	2,389	3,059	653	2005
	Tucson VIII, AZ	46,550			(A)	589		2,265	263	589	2,177	2,766	558	2005
	Tucson IX, AZ	67,545			(A)	724		2,786	346	725	2,616	3,341	708	2005
	Tucson X, AZ	46,250			(A)	424		1,633	198	425	1,522	1,947	411	2005
	Tucson XI, AZ	42,700			(A)	439		1,689	382	439	1,782	2,221	490	2005
	Tucson XII, AZ	42,225			(A)	671		2,582	280	672	2,449	3,121	632	2005
	Tucson XIII, AZ	45,800			(A)	587		2,258	252	587	2,148	2,735	564	2005
	Tucson XIV, AZ	49,095				707		2,721	452	708	2,639	3,347	683	2005
	Benicia, CA	74,770				2,392		7,028	133	2,392	6,088	8,480	1,590	2005
	Citrus Heights, CA	75,620			(A)	1,633		4,793	210	1,634	4,262	5,896	1,150	2005
	Diamond Bar, CA	102,984				2,522		7,404	159	2,524	6,471	8,995	1,766	2005
	Escondido, CA	142,645				3,040		11,804	147	3,040	9,597	12,637	1,915	2007
	Fallbrook, CA	46,420				133		1,492	1,733	432	2,726	3,158	1,061	1997
	Lancaster, CA	60,675				390		2,247	953	556	2,700	3,256	929	2001
	Long Beach, CA	125,121				3,138		14,368	406	3,138	12,863	16,001	3,245	2006
	Murrieta, CA	49,855				1,883		5,532	131	1,903	4,798	6,701	1,255	2005
	North Highlands, CA	57,094			(A)	868		2,546	336	868	2,437	3,305	656	2005
	Orangevale, CA	50,392			(A)	1,423		4,175	255	1,423	3,769	5,192	1,022	2005
	Pleasanton, CA	85,045				2,799		8,222	51	2,799	7,030	9,829	1,838	2005
	Rancho Cordova, CA	53,978			(A)	1,094		3,212	231	1,095	2,935	4,030	796	2005
	Rialto I, CA	57,391				899		4,118	174	899	3,722	4,621	941	2006
	Rialto II, CA	99,783				277		3,098	1,703	672	4,025	4,697	1,783	1997
	Riverside I, CA	67,120				1,351		6,183	390	1,351	5,741	7,092	1,424	2006
	Riverside II, CA	85,426				1,170		5,359	318	1,170	4,943	6,113	1,246	2006
	Roseville, CA	59,869			(A)	1,284		3,767	310	1,284	3,493	4,777	960	2005
	Sacramento I, CA	50,714			(A)	1,152		3,380	223	1,152	3,055	4,207	838	2005
	Sacramento II, CA	61,888			(A)	1,406		4,128	212	1,407	3,691	5,098	992	2005
	San Bernardino I, CA	31,070				51		572	1,148	182	1,403	1,585	526	1997
	San Bernardino II, CA	41,546				112		1,251	1,177	306	1,900	2,206	801	1997
	San Bernardino III, CA	35,416				98		1,093	1,189	242	1,800	2,042	690	1997
	San Bernardino IV, CA	83,057				1,872		5,391	84	1,872	4,758	6,630	1,279	2005
	San Bernardino V, CA	57,595				783		3,583	440	783	3,496	4,279	892	2006
	San Bernardino VII, CA	78,729				1,475		6,753	250	1,290	6,257	7,547	1,590	2006
	San Bernardino VIII, CA	95,604				1,691		7,741	393	1,692	6,192	7,884	2,465	2006
San Marcos, CA	37,430				775		2,288	116	776	2,040	2,816	554	2005
Santa Ana, CA	63,816				1,223		5,600	256	1,223	5,082	6,305	1,288	2006
South Sacramento, CA	52,565			(A)	790		2,319	231	791	2,154	2,945	587	2005
Spring Valley, CA	55,045				1,178		5,394	524	1,178	5,174	6,352	1,323	2006
Temecula I, CA	81,310				660		4,735	1,210	899	5,388	6,287	1,219	1998
Temecula II, CA	84,318				3,080		5,839	192	3,080	5,102	8,182	1,018	2007
Vista I, CA	74,405				711		4,076	2,275	1,118	5,424	6,542	1,757	2001
Vista II, CA	147,941				4,629		13,599	139	4,629	11,707	16,336	3,056	2005
Walnut, CA	50,708				1,578		4,635	224	1,595	4,120	5,715	1,070	2005
West Sacramento, CA	40,015			(B)	1,222		3,590	148	1,222	3,189	4,411	835	2005
Westminster, CA	68,428				1,740		5,142	291	1,743	4,550	6,293	1,252	2005
Aurora, CO	75,867			(A)	1,343		2,986	274	1,343	2,726	4,069	715	2005
Colorado Springs I, CO	47,975				771		1,717	329	771	1,704	2,475	434	2005
Colorado Springs II, CO	62,400		1,733		657		2,674	207	656	2,394	3,050	600	2006
Denver I, CO	59,200				673		2,741	183	671	2,434	3,105	661	2006
Denver II, CO	74,435				1,430		7,053	36	1,430	7,088	8,518	283	2012
Federal Heights, CO	54,770			(A)	878		1,953	234	879	1,793	2,672	456	2005
Golden, CO	87,800			(A)	1,683		3,744	382	1,684	3,456	5,140	886	2005
Littleton, CO	53,490			(A)	1,268		2,820	197	1,268	2,509	3,777	634	2005
Northglenn, CO	52,102			(A)	862		1,917	360	862	1,863	2,725	460	2005
Bloomfield, CT	48,700				78		880	2,278	360	2,584	2,944	1,010	1997
Branford, CT	50,679				217		2,433	1,271	504	3,011	3,515	1,600	1995
Bristol, CT	47,725				1,819		3,161	58	1,819	2,754	4,573	825	2005
East Windsor, CT	46,016				744		1,294	447	744	1,470	2,214	433	2005
Enfield, CT	52,875				424		2,424	386	473	2,219	2,692	856	2001
Gales Ferry, CT	54,230				240		2,697	1,440	489	3,461	3,950	1,474	1995
									Gross Carrying Amount at
					Initial Cost			Costs	December 31, 2013
Description	Square		Encumbrances		Land		Buildings	Subsequent	Land	Buildings	Total	Accumulated	Year
	Footage						&	to		&		Depreciation	Acquired/
							Improvements	Acquisition		Improvements		(D)	Developed
Manchester I, CT	47,025				540		3,096	351	563	2,674	3,237	1,080	2002
Manchester II, CT	52,725				996		1,730	246	996	1,669	2,665	480	2005
Milford, CT	44,885				87		1,050	1,122	274	1,701	1,975	806	1996
Monroe, CT	58,500				2,004		3,483	570	2,004	3,369	5,373	1,040	2005
Mystic, CT	50,825				136		1,645	1,842	410	2,755	3,165	1,354	1996
Newington I, CT	42,620				1,059		1,840	156	1,059	1,702	2,761	502	2005
Newington II, CT	36,140				911		1,584	228	911	1,539	2,450	449	2005
Norwalk, CT	30,242				646		3,187	45	646	3,232	3,878	145	2012
Old Saybrook I, CT	86,950				3,092		5,374	434	3,092	4,954	8,046	1,491	2005
Old Saybrook II, CT	26,425				1,135		1,973	216	1,135	1,861	2,996	569	2005
Shelton, CT	78,430				1,449		8,221	175	1,449	7,313	8,762	605	2011
South Windsor, CT	72,075				90		1,127	1,204	272	1,944	2,216	841	1996
Stamford, CT	28,907				1,941		3,374	76	1,941	2,915	4,856	866	2005
Wilton, CT	84,515		12,853		2,409		12,261	148	2,421	12,469	14,890	723	2012
Washington I, DC	63,085			(B)	871		12,759	389	894	10,466	11,360	1,962	2008
Washington II, DC	83,192				3,152		13,612	104	3,154	11,941	15,095	760	2011
Boca Raton, FL	37,958				529		3,054	1,552	813	3,699	4,512	1,231	2001
Boynton Beach I, FL	61,749				667		3,796	1,679	958	4,386	5,344	1,495	2001
Boynton Beach II, FL	61,629				1,030		2,968	320	1,030	2,852	3,882	754	2005
Bradenton I, FL	68,441				1,180		3,324	218	1,180	3,022	4,202	830	2004
Bradenton II, FL	87,988				1,931		5,561	885	1,931	5,351	7,282	1,461	2004
Cape Coral, FL	76,627				472		2,769	2,508	830	4,344	5,174	1,745	2000
Coconut Creek, FL	78,783				1,189		5,863	86	1,189	5,949	7,138	237	2012
Dania Beach, FL	168,274				3,584		10,324	1,112	3,584	9,939	13,523	2,743	2004
Dania, FL	58,145				205		2,068	1,427	481	2,797	3,278	1,353	1996
Davie, FL	80,985				1,268		7,183	798	1,373	5,717	7,090	2,459	2001
Deerfield Beach, FL	57,230				946		2,999	1,999	1,311	4,509	5,820	1,598	1998
Delray Beach I, FL	67,813				798		4,539	671	883	4,210	5,093	1,503	2001
Delray Beach II, FL	75,834				957		4,718	19	957	4,737	5,694	1,467	2013
Fernandina Beach, FL	113,091				378		4,222	3,656	643	7,000	7,643	2,362	1996
Ft. Lauderdale I, FL	70,063				937		3,646	2,419	1,384	5,430	6,814	1,955	1999
Ft. Lauderdale II, FL	46,096				862		4,250	0	862	4,251	5,113	1,800	2013
Ft. Myers, FL	67,562				303		3,329	730	328	3,440	3,768	1,385	1999
Jacksonville I, FL	80,215				1,862		5,362	63	1,862	4,744	6,606	1,154	2005
Jacksonville II, FL	65,045				950		7,004	85	950	5,536	6,486	1,098	2007
Jacksonville III, FL	65,590				860		7,409	974	1,670	5,982	7,652	1,191	2007
Jacksonville IV, FL	77,535				870		8,049	1,015	1,651	6,989	8,640	1,393	2007
Jacksonville V, FL	82,235				1,220		8,210	294	1,220	6,795	8,015	1,350	2007
Lake Worth, FL	161,934				183		6,597	7,012	183	10,929	11,112	4,591	1998
Lakeland, FL	49,079				81		896	1,065	256	1,378	1,634	791	1994
Kendall, FL	75,495			(B)	2,350		8,106	178	2,350	6,511	8,861	1,293	2007
Leisure City, FL	56,042				409		2,018	108	409	2,125	2,534	87	2012
Lutz I, FL	66,795				901		2,478	209	901	2,301	3,202	621	2004
Lutz II, FL	69,232				992		2,868	310	992	2,715	3,707	720	2004
Margate I, FL	54,385				161		1,763	1,817	399	2,930	3,329	1,377	1996
Margate II, FL	65,180				132		1,473	1,793	383	2,655	3,038	1,183	1996
Merritt Island, FL	50,291				716		2,983	596	796	2,843	3,639	865	2002
Miami I, FL	46,275				179		1,999	1,768	484	3,080	3,564	1,695	1996
Miami II, FL	67,010				253		2,544	1,439	561	3,168	3,729	1,609	1996
Miami III, FL	150,735				4,577		13,185	682	4,577	12,043	16,620	2,976	2005
Miami IV, FL	76,337				1,852		10,494	863	1,963	9,796	11,759	854	2011
Miramar, FL	75,655				1,206		5,944	16	1,206	5,961	7,167	649	2013
Naples I, FL	48,150				90		1,010	2,487	270	3,122	3,392	1,338	1996
Naples II, FL	65,850				148		1,652	4,291	558	5,250	5,808	2,124	1997
Naples III, FL	79,960				139		1,561	4,072	598	4,326	4,924	2,063	1997
Naples IV, FL	40,575				262		2,980	561	407	2,958	3,365	1,424	1998
Ocoee, FL	76,050				1,286		3,705	170	1,286	3,358	4,644	854	2005
Orange City, FL	59,580				1,191		3,209	192	1,191	2,913	4,104	799	2004
Orlando II, FL	63,084				1,589		4,576	137	1,589	4,074	5,663	1,058	2005
Orlando III, FL	101,330				1,209		7,768	637	1,209	7,018	8,227	1,489	2006
Orlando IV, FL	76,565				633		3,587	95	633	3,178	3,811	311	2010
Orlando V, FL	75,358				950		4,685	80	950	4,765	5,715	165	2012
Oviedo, FL	49,276				440		2,824	503	440	2,660	3,100	592	2006
Pembroke Pines, FL	67,321				337		3,772	2,719	953	5,349	6,302	3,131	1997
Royal Palm Beach II, FL	81,405				1,640		8,607	201	1,640	7,147	8,787	1,420	2007
Sanford, FL	61,810				453		2,911	147	453	2,521	2,974	542	2006
Sarasota, FL	71,152				333		3,656	1,307	529	4,175	4,704	1,633	1999
St. Augustine, FL	59,725				135		1,515	3,327	383	4,282	4,665	1,816	1996
Stuart, FL	87,240				324		3,625	2,927	685	5,621	6,306	2,455	1997
SW Ranches, FL	64,955				1,390		7,598	131	1,390	5,867	7,257	1,168	2007
Tampa, FL	83,838				2,670		6,249	107	2,670	5,002	7,672	996	2007
West Palm Beach I, FL	68,061				719		3,420	1,534	835	3,979	4,814	1,409	2001
West Palm Beach II, FL	94,503				2,129		8,671	262	2,129	7,630	9,759	2,110	2004
West Palm Beach III, FL	77,851				804		3,962	15	804	3,976	4,780	136	2012
Alpharetta, GA	90,501				806		4,720	980	967	4,102	5,069	1,298	2001
Atlanta, GA	66,675				822		4,053	29	822	4,082	4,904	173	2012
Austell, GA	83,625				1,635		4,711	176	1,643	4,233	5,876	940	2006
Decatur, GA	145,280				616		6,776	207	616	6,078	6,694	3,057	1998
Duluth, GA	70,885				373		2,044	160	373	1,880	2,253	149	2011
Lawrenceville, GA	73,765				546		2,903	313	546	2,800	3,346	222	2011
Norcross I, GA	85,420				514		2,930	783	632	2,983	3,615	1,178	2001
Norcross II, GA	52,295				366		2,025	151	366	1,892	2,258	149	2011
Norcross III, GA	47,270				938		4,625	39	938	4,665	5,603	272	2012
Norcross IV, GA	57,505				576		2,839	24	576	2,863	3,439	121	2012
Peachtree City I, GA	49,875				435		2,532	622	529	2,525	3,054	827	2001
Peachtree City II, GA	60,250				398		1,963	11	398	1,974	2,372	84	2012
Smyrna, GA	57,015				750		4,271	237	750	3,478	4,228	1,106	2001
Snellville, GA	80,000				1,660		4,781	279	1,660	4,400	6,060	904	2007
Suwanee I, GA	84,860				1,737		5,010	205	1,737	4,520	6,257	948	2007
					Initial Cost			Costs	Gross Carrying Amount at
									December 31, 2013
Description	Square		Encumbrances		Land		Buildings	Subsequent	Land	Buildings	Total	Accumulated	Year
	Footage						&	to		&		Depreciation	Acquired/
							Improvements	Acquisition		Improvements		(D)	Developed
Suwanee II, GA	79,590				800		6,942	33	622	5,771	6,393	1,150	2007
Addison, IL	31,325				428		3,531	316	428	3,347	3,775	907	2004
Aurora, IL	73,985				644		3,652	148	644	3,280	3,924	894	2004
Bartlett, IL	51,425				931		2,493	261	931	2,372	3,303	634	2004
Hanover, IL	41,190				1,126		2,197	244	1,126	2,102	3,228	565	2004
Bellwood, IL	86,650				1,012		5,768	779	1,012	5,249	6,261	1,779	2001
Des Plaines, IL	71,520				1,564		4,327	464	1,564	4,152	5,716	1,115	2004
Elk Grove Village, IL	64,129				1,446		3,535	267	1,446	3,274	4,720	920	2004
Evanston, IL	58,050				1,103		5,440	2	1,103	5,442	6,545	917	2013
Glenview, IL	100,115				3,740		10,367	377	3,740	9,279	13,019	2,524	2004
Gurnee, IL	80,300				1,521		5,440	256	1,521	4,933	6,454	1,375	2004
Harvey, IL	60,090				869		3,635	203	869	3,299	4,168	897	2004
Joliet, IL	72,865				547		4,704	204	547	4,249	4,796	1,161	2004
Kildeer, IL	46,485				2,102		2,187	214	1,997	2,200	4,197	565	2004
Lombard, IL	57,739				1,305		3,938	656	1,305	3,993	5,298	1,125	2004
Mount Prospect, IL	64,750				1,701		3,114	322	1,701	2,984	4,685	801	2004
Mundelein, IL	44,700				1,498		2,782	220	1,498	2,590	4,088	694	2004
North Chicago, IL	53,400				1,073		3,006	348	1,073	2,869	3,942	786	2004
Plainfield I, IL	53,900				1,770		1,715	234	1,740	1,657	3,397	439	2004
Plainfield II, IL	51,900				694		2,000	150	694	1,817	2,511	462	2005
Schaumburg, IL	31,160				538		645	164	538	673	1,211	178	2004
Streamwood, IL	64,305				1,447		1,662	312	1,447	1,662	3,109	455	2004
Warrenville, IL	48,796				1,066		3,072	150	1,066	2,790	3,856	722	2005
Waukegan, IL	79,500				1,198		4,363	319	1,198	4,029	5,227	1,105	2004
West Chicago, IL	48,175				1,071		2,249	250	1,071	2,141	3,212	587	2004
Westmont, IL	53,450				1,155		3,873	196	1,155	3,529	4,684	946	2004
Wheeling I, IL	54,210				857		3,213	301	857	3,042	3,899	833	2004
Wheeling II, IL	67,825				793		3,816	423	793	3,688	4,481	1,005	2004
Woodridge, IL	50,241				943		3,397	170	943	3,091	4,034	846	2004
Boston I, MA	33,286				538		3,048	81	538	2,705	3,243	272	2010
Boston II, MA	60,420				1,516		8,628	328	1,516	7,120	8,636	2,356	2002
Leominster, MA	54,023				90		1,519	2,426	338	3,356	3,694	1,597	1998
Medford, MA	58,725				1,330		7,165	231	1,330	5,918	7,248	1,143	2007
Stoneham, MA	62,100				1,558		7,679	2	1,558	7,681	9,239	1,113	2013
Baltimore, MD	93,550				1,050		5,997	1,280	1,173	5,854	7,027	2,081	2001
Beltsville, MD	63,707				1,277		6,295	25	1,277	6,320	7,597	2,002	2013
California, MD	77,840				1,486		4,280	162	1,486	3,850	5,336	1,049	2004
Clinton, MD	84,025		8,500		2,182		10,757	8	2,182	10,765	12,947	957	2013
District Heights, MD	78,720				1,527		8,313	451	1,527	7,639	9,166	563	2011
Elkridge, MD	63,675				1,155		5,695	0	1,155	5,695	6,850	334	2013
Gaithersburg, MD	87,045				3,124		9,000	385	3,124	8,126	11,250	2,192	2005
Hyattsville, MD	52,665				1,113		5,485	27	1,113	5,513	6,626	2,040	2013
Laurel, MD	162,796				1,409		8,035	3,589	1,928	9,521	11,449	3,220	2001
Temple Hills, MD	97,250				1,541		8,788	2,228	1,800	9,170	10,970	3,671	2001
Upper Marlboro, MD	62,290				1,309		6,455	46	1,309	6,501	7,810	3,516	2013
Belmont, NC	81,850				385		2,196	693	451	2,209	2,660	763	2001
Burlington I, NC	109,396				498		2,837	567	498	2,771	3,269	982	2001
Burlington II, NC	42,205				320		1,829	350	340	1,747	2,087	591	2001
Cary, NC	112,333				543		3,097	520	543	3,345	3,888	1,294	2001
Charlotte, NC	69,000				782		4,429	1,433	1,068	4,668	5,736	1,435	2002
Raleigh, NC	48,675				209		2,398	312	296	2,240	2,536	1,067	1998
Bordentown, NJ	50,600				457		2,255	19	457	2,274	2,731	97	2012
Brick, NJ	51,725				234		2,762	1,424	485	3,386	3,871	1,724	1996
Cherry Hill I, NJ	51,600				222		1,260	78	222	1,156	1,378	119	2010
Cherry Hill II, NJ	64,850				471		2,323	54	471	2,377	2,848	84	2012
Clifton, NJ	105,450				4,346		12,520	216	4,340	11,057	15,397	2,815	2005
Cranford, NJ	91,280				290		3,493	2,369	779	4,697	5,476	2,249	1996
East Hanover, NJ	107,679				504		5,763	3,925	1,315	7,832	9,147	3,899	1996
Egg Harbor I, NJ	35,425				104		510	26	104	525	629	53	2010
Egg Harbor II, NJ	70,400				284		1,608	172	284	1,560	1,844	164	2010
Elizabeth, NJ	38,830				751		2,164	392	751	2,239	2,990	574	2005
Fairview, NJ	27,876				246		2,759	436	246	2,616	2,862	1,434	1997
Freehold, NJ	81,470				1,086		5,355	72	1,086	5,426	6,512	219	2012
Hamilton, NJ	70,550				1,885		5,430	243	1,893	4,941	6,834	1,095	2006
Hoboken, NJ	34,180				1,370		3,947	619	1,370	3,975	5,345	1,068	2005
Linden, NJ	100,425				517		6,008	2,142	1,043	6,670	7,713	3,611	1996
Lumberton, NJ	95,975				987		4,864	60	987	4,924	5,911	210	2012
Morris Township, NJ	71,976				500		5,602	2,657	1,072	6,682	7,754	4,567	1997
Parsippany, NJ	66,325				475		5,322	1,981	844	6,008	6,852	3,044	1997
Rahway, NJ	83,171				1,486		7,326	2	1,486	7,328	8,814	1,665	2013
Randolph, NJ	52,565				855		4,872	1,291	1,108	4,829	5,937	1,671	2002
Sewell, NJ	57,826				484		2,766	1,298	706	3,213	3,919	1,097	2001
Somerset, NJ	57,585				1,243		6,129	55	1,243	6,184	7,427	245	2012
Whippany, NJ	92,270				2,153		10,615	23	2,153	10,638	12,791	246	2013
Albuquerque I, NM	65,927			(A)	1,039		3,395	269	1,039	3,080	4,119	852	2005
Albuquerque II, NM	58,511			(A)	1,163		3,801	254	1,163	3,433	4,596	951	2005
Albuquerque III, NM	57,536			(A)	664		2,171	310	664	2,093	2,757	573	2005
Las Vegas I, NV	48,332				1,851		2,986	397	1,851	2,972	4,823	844	2006
Las Vegas II, NV	48,850				3,354		5,411	297	3,355	5,127	8,482	1,466	2006
Bronx I, NY	68,698				2,014		11,411	670	2,014	10,488	12,502	1,083	2010
Bronx II, NY	90,170				0		31,561	82	0	31,109	31,109	1,718	2011
Bronx III, NY	106,065				6,017		33,999	93	6,017	29,745	35,762	2,316	2011
Bronx IV, NY	75,080				0		22,830	88	0	20,264	20,264	1,292	2011
Bronx V, NY	54,733				0		17,564	151	0	15,604	15,604	1,067	2011
Bronx VI, NY	39,495				0		15,095	70	0	13,134	13,134	1,117	2011
Bronx VII, NY	78,625		8,945		0		22,512	54	0	22,676	22,676	1,320	2012
Bronx VIII, NY	30,550		3,140		1,245		6,137	103	1,251	6,270	7,521	361	2012
Bronx IX, NY	148,570		24,145		7,967		39,279	494	7,967	39,771	47,738	2,123	2012
Bronx X, NY	159,780		28,523		9,090		44,816	228	9,090	45,044	54,134	2,041	2012
Brooklyn I, NY	57,020				1,795		10,172	204	1,795	8,960	10,755	924	2010
Brooklyn II, NY	60,920				1,601		9,073	417	1,601	8,192	9,793	837	2010
Brooklyn III, NY	41,635				3,195		15,657	70	3,195	15,809	19,004	818	2011
Brooklyn IV, NY	37,467				2,500		12,252	127	2,500	12,442	14,942	716	2011
Brooklyn V, NY	47,010				2,207		10,814	68	2,207	10,936	13,143	853	2011
Brooklyn VI, NY	75,980				4,016		19,680	49	4,016	19,836	23,852	1,482	2011
					Initial Cost			Costs	Gross Carrying Amount at
									December 31, 2013
Description	Square		Encumbrances		Land		Buildings	Subsequent	Land	Buildings	Total	Accumulated	Year
	Footage						&	to		&		Depreciation	Acquired/
							Improvements	Acquisition		Improvements		(D)	Developed
Brooklyn VII, NY	72,685				5,816		28,498	94	5,816	28,756	34,572	1,839	2011
Jamaica I, NY	88,485				2,043		11,658	1,542	2,043	10,577	12,620	3,867	2001
Jamaica II, NY	91,245				5,496		26,930	116	5,496	27,189	32,685	1,797	2011
New Rochelle I, NY	46,068				1,673		4,827	390	1,673	4,568	6,241	1,137	2005
New Rochelle II, NY	63,145		8,676		3,167		2,713	248	3,762	18,794	22,556	1,053	2012
North Babylon, NY	78,188				225		2,514	4,071	568	5,497	6,065	2,383	1998
Riverhead, NY	38,340				1,068		1,149	190	1,068	1,106	2,174	330	2005
Southold, NY	59,451				2,079		2,238	240	2,079	2,073	4,152	633	2005
Staten Island, NY	96,823				1,919		9,463	3	1,919	9,466	11,385	707	2013
Tuckahoe, NY	51,343				1,516		13,236	149	1,516	7,614	9,130	1,051	2011
West Hempstead, NY	84,507				2,237		11,030	101	2,237	11,130	13,367	444	2012
White Plains, NY	86,400				3,295		18,049	833	3,295	16,391	19,686	1,389	2011
Woodhaven, NY	50,665				2,028		11,285	45	2,028	10,032	12,060	680	2011
Wyckoff, NY	61,835				1,961		11,113	172	1,961	9,803	11,764	933	2010
Yorktown, NY	78,615				2,710		13,338	48	2,710	13,399	16,109	713	2011
Cleveland I, OH	46,000				525		2,592	145	524	2,388	2,912	669	2005
Cleveland II, OH	58,425				290		1,427	170	289	1,346	1,635	379	2005
Columbus, OH	71,905				1,234		3,151	41	1,239	2,716	3,955	691	2006
Grove City, OH	89,290				1,756		4,485	158	1,761	4,025	5,786	983	2006
Hilliard, OH	89,690				1,361		3,476	190	1,366	3,178	4,544	776	2006
Lakewood, OH	39,337				405		854	513	405	1,235	1,640	848	1989
Middleburg Heights, OH	93,200				63		704	2,161	332	2,257	2,589	1,014	1980
North Olmsted I, OH	48,665				63		704	1,322	214	1,586	1,800	789	1979
North Olmsted II, OH	47,850				290		1,129	1,127	469	1,993	2,462	1,331	1988
North Randall, OH	80,239				515		2,323	3,021	898	4,196	5,094	1,720	1998
Reynoldsburg, OH	67,295				1,290		3,295	233	1,295	3,074	4,369	764	2006
Strongsville, OH	43,507				570		3,486	329	570	2,982	3,552	596	2007
Warrensville Heights, OH	90,281				525		766	2,885	935	3,065	4,000	1,224	1980
Westlake, OH	62,750				509		2,508	189	508	2,309	2,817	660	2005
Conshohocken, PA	81,470				1,726		8,508	79	1,726	8,588	10,314	345	2012
Exton, PA	57,750				541		2,668	83	541	2,751	3,292	95	2012
Langhorne, PA	65,050				1,019		5,023	32	1,019	5,055	6,074	201	2012
Levittown, PA	76,180				926		5,296	1,146	926	5,430	6,356	1,968	2001
Malvern, PA	—				2,959		18,198	—	2,959	18,198	21,157	41	2013
Montgomeryville, PA	84,145				975		4,809	100	975	4,908	5,883	199	2012
Norristown, PA	52,031				777		3,709	469	777	4,282	5,059	223	2011
Philadelphia, PA	97,364				1,461		8,334	1,615	1,461	6,771	8,232	2,557	2001
Antioch, TN	76,190				588		4,906	247	588	4,386	4,974	1,130	2005
Nashville I, TN	103,560				405		3,379	428	405	3,229	3,634	855	2005
Nashville II, TN	83,384				593		4,950	174	593	4,434	5,027	1,162	2005
Nashville III, TN	101,575				416		3,469	168	416	3,305	3,721	842	2006
Nashville IV, TN	102,450				992		8,274	336	992	7,370	8,362	1,871	2006
Allen, TX	62,290		3,670		714		3,519	54	714	3,573	4,287	159	2012
Austin I, TX	59,520				2,239		2,038	141	2,410	1,854	4,264	483	2005
Austin II, TX	65,151			(B)	734		3,894	227	738	3,559	4,297	854	2006
Austin III, TX	70,535				1,030		5,468	186	1,035	4,995	6,030	1,134	2006
Bryan, TX	60,450				1,394		1,268	134	1,396	1,181	2,577	317	2005
Carrollton, TX	77,440				661		3,261	37	661	3,298	3,959	105	2012
College Station, TX	26,550				812		740	113	813	703	1,516	181	2005
Cypress, TX	57,711				360		1,773	32	360	1,806	2,166	81	2012
Dallas I, TX	58,582				2,475		2,253	329	2,475	2,135	4,610	540	2005
Dallas II, TX	79,155				940		4,635	—	940	4,635	5,575	476	2013
Denton, TX	60,846				553		2,936	194	569	2,654	3,223	595	2006
El Paso I, TX	59,852			(A)	1,983		1,805	221	1,984	1,697	3,681	449	2005
El Paso II, TX	48,704			(A)	1,319		1,201	186	1,320	1,169	2,489	306	2005
El Paso III, TX	71,152			(A)	2,408		2,192	213	2,409	2,073	4,482	540	2005
El Paso IV, TX	66,906			(A)	2,073		1,888	28	2,074	1,604	3,678	505	2005
El Paso V, TX	62,290				1,758		1,617	141	1,761	1,498	3,259	397	2005
El Paso VI, TX	36,620				660		607	145	662	618	1,280	165	2005
El Paso VII, TX	33,945				563		517	144	565	550	1,115	9	2005
Fort Worth I, TX	50,521				1,253		1,141	180	1,253	1,087	2,340	271	2005
Fort Worth II, TX	72,900				868		4,607	260	874	4,200	5,074	1,000	2006
Frisco I, TX	50,754				1,093		3,148	86	1,093	2,796	3,889	722	2005
Frisco II, TX	71,099				1,564		4,507	92	1,564	3,988	5,552	1,034	2005
Frisco III, TX	74,915				1,147		6,088	232	1,154	5,515	6,669	1,310	2006
Frisco IV, TX	75,035				719		4,072	106	719	3,620	4,339	375	2010
Garland I, TX	70,100				751		3,984	396	767	3,794	4,561	884	2006
Garland II, TX	68,425				862		4,578	198	862	4,179	5,041	910	2006
Houston III, TX	60,820				575		524	283	576	694	1,270	189	2005
Houston IV, TX	43,750				960		875	307	961	988	1,949	234	2005
Houston V, TX	126,065				1,153		6,122	572	1,156	5,833	6,989	1,277	2006
Houston VI, TX	54,680				575		524	5,706	983	4,909	5,892	403	2011
Houston VII, TX	47,227				681		3,355	75	681	3,430	4,111	210	2012
Houston VIII, TX	54,213				1,294		6,377	98	1,294	6,476	7,770	290	2012
Houston IX, TX	51,197				296		1,459	50	296	1,509	1,805	67	2012
Katy, TX	71,308				1,329		6,552	0	1,329	6,553	7,882	905	2013
Keller, TX	61,885				890		4,727	127	890	4,269	5,159	1,023	2006
Lewisville I, TX	58,140				476		2,525	291	492	2,402	2,894	546	2006
Lewisville II, TX	127,509				1,464		7,217	18	1,464	7,235	8,699	542	2013
Mansfield I, TX	63,025				837		4,443	178	843	4,044	4,887	951	2006
Mansfield II, TX	57,775				662		3,261	40	662	3,300	3,962	166	2012
McKinney I, TX	47,020				1,632		1,486	125	1,634	1,373	3,007	352	2005
McKinney II, TX	70,050		3,839		855		5,076	153	857	4,604	5,461	1,095	2006
North Richland Hills, TX	57,200				2,252		2,049	115	2,252	1,799	4,051	464	2005
Pearland, TX	72,060				450		2,216	47	450	2,264	2,714	102	2012
Roanoke, TX	59,420				1,337		1,217	79	1,337	1,097	2,434	285	2005
Richmond, TX	125,275				1,437		7,083	—	1,437	7,083	8,520	265	2013
					Initial Cost			Costs	Gross Carrying Amount at
									December 31, 2013
Description	Square		Encumbrances		Land		Buildings	Subsequent	Land	Buildings	Total	Accumulated	Year
	Footage						&	to		&		Depreciation	Acquired/
							Improvements	Acquisition		Improvements		(D)	Developed
San Antonio I, TX	73,309				2,895		2,635	260	2,895	2,364	5,259	592	2005
San Antonio II, TX	73,230				1,047		5,558	142	1,052	5,007	6,059	1,095	2006
San Antonio III, TX	71,775				996		5,286	215	996	4,780	5,776	1,014	2007
Spring, TX	72,751				580		3,081	156	580	2,789	3,369	666	2006
Murray I, UT	60,280			(A)	3,847		1,017	418	3,848	1,221	5,069	324	2005
Murray II, UT	71,221			(A)	2,147		567	411	2,148	819	2,967	249	2005
Salt Lake City I, UT	56,446			(A)	2,695		712	427	2,696	962	3,658	240	2005
Salt Lake City II, UT	51,676			(A)	2,074		548	355	1,931	738	2,669	195	2005
Alexandria, VA	114,650		9,418		2,812		13,865	109	2,812	13,974	16,786	630	2012
Burke Lake, VA	91,747		7,219		2,093		10,940	1,018	2,093	10,362	12,455	961	2011
Fairfax, VA	73,650				2,276		11,220	111	2,276	11,331	13,607	449	2012
Fredericksburg I, VA	69,475			(C)	1,680		4,840	277	1,680	4,444	6,124	1,052	2005
Fredericksburg II, VA	61,207			(C)	1,757		5,062	293	1,758	4,663	6,421	1,123	2005
Leesburg, VA	85,503		4,548		1,746		9,894	68	1,746	8,674	10,420	574	2011
McLearen, VA	68,960				1,482		8,400	143	1,482	7,388	8,870	704	2010
Manassas, VA	73,045				860		4,872	73	860	4,282	5,142	431	2010
Vienna, VA	54,698				2,300		11,340	61	2,300	11,402	13,702	456	2012
Divisional Offices	—							168	—	168	168	26
USIFB	—							12,753	—	12,752	12,752	1,247
	24,662,105				444,764		1,893,779	217,815	465,680	1,888,823	2,354,503	379,704
(A)  This facility is part of the YSI 20 Loan portfolio, with a balance of $56,373 as of December 31, 2013.
(B)  This facility is part of the YSI 33 Loan portfolio, with a balance of $10,688 as of December 31, 2013.
(C)  This facility is part of the YSI 35 Loan portfolio, with a balance of $4,274 as of December 31, 2013.
(D)  Depreciation on the buildings and improvements is recorded on a straight-line basis over their estimated useful lives, which range from five to 39 years.
Activity in real estate facilities during 2013, 2012, and 2011 was as follows (in thousands):
	2013			2012
Storage facilities*
Balance at beginning of year	$	2,443,022		$	2,107,469
Acquisitions & improvements	219,751			335,644
Fully depreciated assets	(14,398		)	(25,415		)
Real estate venture	—			93,679
Dispositions and other	(127,700		)	(71,265		)
Construction in progress	33,031			2,910
Balance at end of year	$	2,553,706		$	2,443,022
Accumulated depreciation*
Balance at beginning of year	$	353,315		$	318,749
Depreciation expense	87,708			79,955
Fully depreciated assets	(14,398		)	(25,415		)
Dispositions and other	(28,089		)	(19,974		)
Balance at end of year	$	398,536		$	353,315
Storage facilities, net	$	2,155,170		$	2,089,707
* These amounts include equipment that is housed at the Company’s storage facilities.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Principles of Consolidation	'
	Principles of Consolidation
	The accompanying consolidated financial statements include all of the accounts of the Company, and its majority-owned and/or controlled subsidiaries.  The portion of these entities not owned by the Company is presented as noncontrolling interests as of and during the periods consolidated.  All significant intercompany accounts and transactions have been eliminated in consolidation.
	When the Company obtains an economic interest in an entity, the Company evaluates the entity to determine if the entity is deemed a variable interest entity (“VIE”), and if the Company is deemed to be the primary beneficiary, in accordance with authoritative guidance issued on the consolidation of VIEs. When an entity is not deemed to be a VIE, the Company considers the provisions of additional guidance to determine whether a general partner, or the general partners as a group, controls a limited partnership or similar entity when the limited partners have certain rights. The Company consolidates (i) entities that are VIEs and of which the Company is deemed to be the primary beneficiary, and (ii) entities that are non-VIEs which the Company controls and which the limited partners do not have the ability to dissolve or remove the Company without cause nor substantive participating rights.
Noncontrolling Interests	'
	Noncontrolling Interests
	The FASB issued authoritative guidance regarding noncontrolling interests in consolidated financial statements which was effective on January 1, 2009.  The guidance states that noncontrolling interests are the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent.  The ownership interests in the subsidiary that are held by owners other than the parent are noncontrolling interests.  Under the guidance, such noncontrolling interests are reported on the consolidated balance sheets within equity, separately from the Company’s equity.  On the consolidated statements of operations, revenues, expenses and net income or loss from less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to the Company and noncontrolling interests.  Presentation of consolidated equity activity is included for both quarterly and annual financial statements, including beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
	However, per the FASB issued authoritative guidance on the classification and measurement of redeemable securities, securities that are redeemable for cash or other assets at the option of the holder, not solely within the control of the issuer, must be classified outside of permanent equity.  This would result in certain outside ownership interests being included as redeemable noncontrolling interests outside of permanent equity in the consolidated balance sheets.  The Company makes this determination based on terms in applicable agreements, specifically in relation to redemption provisions.  Additionally, with respect to noncontrolling interests for which the Company has a choice to settle the contract by delivery of its own shares, the Company considered the FASB issued guidance on accounting for derivative financial instruments indexed to, and potentially settled in, a Company’s own stock to evaluate whether the Company controls the actions or events necessary to issue the maximum number of shares that could be required to be delivered under share settlement of the contract.  The guidance also requires that noncontrolling interests are adjusted each period so that the carrying value equals the greater of its carrying value based on the accumulation of historical cost or its redemption fair value.
	The consolidated results of the Company include results attributable to units of the Operating Partnership that are not owned by the Company.  These interests were issued in the form of Operating Partnership units and were a component of the consideration the Company paid to acquire certain self-storage facilities.  Limited partners who acquired Operating Partnership units have the right to require the Operating Partnership to redeem part or all of their Operating Partnership units for, at the Company’s option, an equivalent number of common shares of the Company or cash based upon the fair value of an equivalent number of common shares of the Company.  However, the operating agreement contains certain circumstances that could result in a net cash settlement outside the control of the Company, as the Company does not have the ability to settle in unregistered shares.  Accordingly, consistent with the guidance discussed above, the Company will continue to record these noncontrolling interests outside of permanent equity in the consolidated balance sheets.  Net income or loss related to these noncontrolling interests is excluded from net income or loss in the consolidated statements of operations.  The Company has adjusted the carrying value of its noncontrolling interests subject to redemption value to the extent applicable.  Based on the Company’s evaluation of the redemption value of the redeemable noncontrolling interests, the Operating Partnership reflected these interests at their redemption value at December 31, 2013, as the estimated redemption value exceeded their carrying value. The Operating Partnership recorded an increase to OP Units owned by third parties and a corresponding decrease to capital of $3.3 million at December 31, 2013.  Disclosure of such redemption provisions is provided in note 12.
	Noncontrolling interests are the portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent.  The ownership interests in the subsidiary that are held by owners other than the parent are noncontrolling interests. Noncontrolling interests are reported on the consolidated balance sheets within equity, separately from the Company’s equity.  On the consolidated statements of operations, revenues, expenses and net income or loss from less-than-wholly-owned subsidiaries are reported at the consolidated amounts, including both the amounts attributable to the Company and noncontrolling interests.  Presentation of consolidated equity activity is included for both quarterly and annual financial statements, including beginning balances, activity for the period and ending balances for shareholders’ equity, noncontrolling interests and total equity.
Estimates	'
	Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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.  Although we believe the assumptions and estimates we made are reasonable and appropriate, as discussed in the applicable sections throughout these consolidated financial statements, different assumptions and estimates could materially impact our reported results.  The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions and changes in market conditions could impact our future operating results.
Storage Facilities	'
	Storage Facilities
	Storage facilities are carried at historical cost less accumulated depreciation and impairment losses.  The cost of storage facilities reflects their purchase price or development cost.  Costs incurred for the renovation of a storage facility are capitalized to the Company’s investment in that facility.  Acquisition costs, ordinary repairs and maintenance are expensed as incurred; major replacements and betterments, which improve or extend the life of the asset, are capitalized and depreciated over their estimated useful lives.  The costs to develop self-storage facilities are capitalized to construction in progress while the project is under development.
Purchase Price Allocation	'
	Purchase Price Allocation
	When facilities are acquired, the purchase price is allocated to the tangible and intangible assets acquired and liabilities assumed based on estimated fair values.  When a portfolio of facilities is acquired, the purchase price is allocated to the individual facilities based upon the fair value determined using an income approach or a cash flow analysis using appropriate risk adjusted capitalization rates, which take into account the relative size, age and location of the individual facility along with current and projected occupancy and rental rate levels or appraised values, if available.  Allocations to the individual assets and liabilities are based upon comparable market sales information for land, buildings and improvements and estimates of depreciated replacement cost of equipment.
	In allocating the purchase price for an acquisition, the Company determines whether the acquisition includes intangible assets or liabilities.  The Company allocates a portion of the purchase price to an intangible asset attributed to the value of in-place leases.  This intangible is generally amortized to expense over the expected remaining term of the respective leases.  Substantially all of the leases in place at acquired facilities are at market rates, as the majority of the leases are month-to-month contracts.  Accordingly, to date, no portion of the purchase price has been allocated to above- or below-market lease intangibles.  To date, no intangible asset has been recorded for the value of customer relationships, because the Company does not have any concentrations of significant customers and the average customer turnover is fairly frequent.
Depreciation and Amortization	'
	Depreciation and Amortization
	The costs of self-storage facilities and improvements are depreciated using the straight-line method based on useful lives ranging from five to 39 years.
Impairment of Long-Lived Assets	'
	Impairment of Long-Lived Assets
	We evaluate long-lived assets for impairment when events and circumstances such as declines in occupancy and operating results indicate that there may be impairment.  The carrying value of these long-lived assets is compared to the undiscounted future net operating cash flows, plus a terminal value, attributable to the assets to determine if the facility’s basis is recoverable.  If a facility’s basis is not considered recoverable, an impairment loss is recorded to the extent the net carrying value of the asset exceeds the fair value.  The impairment loss recognized equals the excess of net carrying value over the related fair value of the asset.
Long-Lived Assets Held for Sale	'
	Long-Lived Assets Held for Sale
	We consider long-lived assets to be “held for sale” upon satisfaction of the following criteria: (a) management commits to a plan to sell a facility (or group of facilities), (b) the facility is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such facilities, (c) an active program to locate a buyer and other actions required to complete the plan to sell the facility have been initiated, (d) the sale of the facility is probable and transfer of the asset is expected to be completed within one year, (e) the facility is being actively marketed for sale at a price that is reasonable in relation to its current fair value, and (f) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.
	Typically these criteria are all met when the relevant asset is under contract, significant non-refundable deposits have been made by the potential buyer, the assets are immediately available for transfer and there are no contingencies related to the sale that may prevent the transaction from closing.  However, each potential transaction is evaluated based on its separate facts and circumstances.  Facilities classified as held for sale are reported at the lesser of carrying value or fair value less estimated costs to sell.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Cash and cash equivalents are highly-liquid investments with original maturities of three months or less.  The Company may maintain cash equivalents in financial institutions in excess of insured limits, but believes this risk is mitigated by only investing in or through major financial institutions.
Restricted Cash	'
	Restricted Cash
	Restricted cash consists of purchase deposits and cash deposits required for debt service requirements, capital replacement, and expense reserves in connection with the requirements of our loan agreements.
Loan Procurement Costs	'
	Loan Procurement Costs
	Loan procurement costs related to borrowings were $17.3 million and $11.7 million at December 31, 2013 and 2012, respectively, and are reported net of accumulated amortization of $4.6 million and $3.4 million as of December 31, 2013 and 2012, respectively. The costs are amortized over the estimated life of the related debt using the effective interest method and reported as loan procurement amortization expense.
Other Assets	'
	Other Assets
	Other assets are comprised of the following as of December 31, 2013 and 2012 (in thousands):
		December 31,
		2013		2012
	Intangible assets, net of accumulated amortization	$	9,463	$	21,670
	Deposits on future settlements	1,287		—
	Accounts receivable	4,957		10,209
	Prepaid insurance	1,304		1,805
	Prepaid real estate taxes	1,893		1,556
	Other	8,352		6,554
	Total	$	27,256	$	41,794
Environmental Costs	'
	Environmental Costs
	Our practice is to conduct or obtain environmental assessments in connection with the acquisition or development of additional facilities.  Whenever the environmental assessment for one of our facilities indicates that a facility is impacted by soil or groundwater contamination from prior owners/operators or other sources, we will work with our environmental consultants and where appropriate, state governmental agencies, to ensure that the facility is either cleaned up, that no cleanup is necessary because the low level of contamination poses no significant risk to public health or the environment, or that the responsibility for cleanup rests with a third party.
Revenue Recognition	'
	Revenue Recognition
	Management has determined that all of our leases are operating leases.  Rental income is recognized in accordance with the terms of the leases, which generally are month-to-month.
	The Company recognizes gains from disposition of facilities only upon closing in accordance with the guidance on sales of real estate.  Payments received from purchasers prior to closing are recorded as deposits.  Profit on real estate sold is recognized using the full accrual method upon closing when the collectability of the sales price is reasonably assured and the Company is not obligated to perform significant activities after the sale.  Profit may be deferred in whole or part until the sale meets the requirements of profit recognition on sales under this guidance.
Advertising and Marketing Costs	'
	Advertising and Marketing Costs
	The Company incurs advertising and marketing costs primarily attributable to internet marketing campaigns and other media advertisements.  The Company incurred $7.6 million, $8.1 million and $6.9 million in advertising and marketing expenses for the years ended 2013, 2012 and 2011, respectively.
Equity Offering Costs	'
	Equity Offering Costs
	Underwriting discounts and commissions, financial advisory fees and offering costs are reflected as a reduction to additional paid-in capital.  For the years ended December 31, 2013, 2012 and 2011, the Company recognized $1.8 million, $1.7 million and $0.8 million of equity offering costs related to the issuance of common and preferred shares during the years, respectively.
Other Property Related Income	'
	Other Property Related Income
	Other property related income consists of late fees, administrative charges, tenant insurance commissions, sales of storage supplies and other ancillary revenues and is recognized in the period that it is earned.
Capitalized Interest	'
	Capitalized Interest
	The Company capitalizes interest incurred that is directly associated with construction activities until the asset is placed into service.  Interest is capitalized to the related assets using a weighted-average rate of the Company’s outstanding debt. The Company capitalized $0.9 million for the year ended December 31, 2013, $0.2 million for the year ended December 31, 2012 and $0.1 million for the year ended December 31, 2011.
Derivative Financial Instruments	'
	Derivative Financial Instruments
	The Company carries all derivatives on the balance sheet at fair value.  The Company determines the fair value of derivatives by observable prices that are based on inputs not quoted on active markets, but corroborated by market data.  The accounting for changes in the fair value of a derivative instrument depends on whether the derivative has been designated and qualifies as part of a hedging relationship and, if so, the reason for holding it.  The Company’s use of derivative instruments has been limited to cash flow hedges of certain interest rate risks.  Additionally, the Company had interest rate swap agreements for notional principal amounts aggregating $400 million at December 31, 2013 and 2012, which are included in accounts payable, accrued expenses and other liabilities.
Income Taxes	'
	Income Taxes
	The Company has elected to be taxed as a real estate investment trust under Sections 856-860 of the Internal Revenue Code since the Company’s commencement of operations in 2004.  In management’s opinion, the requirements to maintain these elections are being met.  Accordingly, no provision for federal income taxes has been reflected in the consolidated financial statements other than for operations conducted through our taxable REIT subsidiaries.
	Earnings and profits, which determine the taxability of distributions to shareholders, differ from net income reported for financial reporting purposes due to differences in cost basis, the estimated useful lives used to compute depreciation, and the allocation of net income and loss for financial versus tax reporting purposes.  The net tax basis in the Company’s assets was $2.2 billion as of December 31, 2013 and $1.9 billion as of December 31, 2012.
	Distributions to shareholders are usually taxable as ordinary income, although a portion of the distribution may be designated as capital gain or may constitute a tax-free return of capital.  Annually, the Company provides each of its shareholders a statement detailing the tax characterization of dividends paid during the preceding year as ordinary income, capital gain or return of capital.  The characterization of the Company’s dividends for 2013 consisted of a 55.9082% ordinary income distribution and a 44.0918% capital gain distribution from earnings and profits.
	Distributions to 7.75% Series A Cumulative Redeemable Preferred Shareholders are usually taxable as ordinary income, although a portion of the distribution may be designated as capital gain or may constitute a tax-free return of capital.  Annually, the Company provides each of its shareholders a statement detailing preferred distributions paid during the preceding year and their characterization as ordinary income, capital gain or return of capital.  The characterization of our preferred dividends for 2013 consisted of a 65.7893% ordinary income distribution and a 34.2107% capital gain distribution from earnings and profits.
	The Company is subject to a 4% federal excise tax if sufficient taxable income is not distributed within prescribed time limits.  The excise tax equals 4% of the annual amount, if any, by which the sum of (a) 85% of the Company’s ordinary income, (b) 95% of the Company’s net capital gains and c) 100% of prior taxable income exceeds cash distributions and certain taxes paid by the Company.  No excise tax was incurred in 2013, 2012, or 2011.
	Taxable REIT subsidiaries, such as the TRS, are subject to federal and state income taxes.  Our taxable REIT subsidiaries have a net deferred tax asset related to expenses which are deductible for tax purposes in future periods of $0.7 million as of December 31, 2013 and 2012.
Earnings per Share and Unit	'
	Earnings per Share and Unit
	Basic earnings per share and unit are calculated based on the weighted average number of common shares and restricted shares outstanding during the period.  Diluted earnings per share and unit is calculated by further adjusting for the dilutive impact of share options, unvested restricted shares and contingently issuable shares outstanding during the period using the treasury stock method.  Potentially dilutive securities calculated under the treasury stock method were 2,551,000, 2,000,000 and 1,378,000 in 2013, 2012 and 2011, respectively.  The amounts in 2012 and 2011 were not included in the calculation of diluted earnings per share and unit, as the impact of inclusion was anti-dilutive for those years.
Share Based Payments	'
	Share Based Payments
	We apply the fair value method of accounting for contingently issued shares and share options issued under our incentive award plan.  Accordingly, share compensation expense is recorded ratably over the vesting period relating to such contingently issued shares and options.  The Company has recognized compensation expense on a straight-line method over the requisite service period.
Foreign Currency	'
	Foreign Currency
	The financial statements of foreign subsidiaries are translated to U.S. Dollars using the period-end exchange rate for assets and liabilities and an average exchange rate for each period for revenues, expenses, and capital expenditures.  The local currency is the functional currency for the Company’s foreign subsidiaries.  Translation adjustments for foreign subsidiaries are recorded as a component of accumulated other comprehensive loss in shareholders’ equity.  The Company recognizes transaction gains and losses arising from fluctuations in currency exchange rates on transactions denominated in currencies other than the functional currency in earnings as incurred.  The Pound, which represents the functional currency used by USIFB, LLP, our joint venture in England, was translated at an end-of-period exchange rate of approximately 1.657413 and 1.625924 U.S. Dollars per Pound at December 31, 2013 and December 31, 2012, respectively, and an average exchange rate of 1.588598, 1.585074 and 1.603770 U.S. Dollars per Pound for the years ended December 31, 2013, 2012 and 2011, respectively.  Accordingly, the Company recorded an unrealized gain on foreign currency translation of $0.1 million for the year ended December 31, 2013 and $0.2 million for each of the years ended December 31, 2012 and 2011.
Investments in Unconsolidated Real Estate Ventures	'
	Investments in Unconsolidated Real Estate Ventures
	The Company accounts for its investments in unconsolidated real estate ventures under the equity method of accounting.  Under the equity method, investments in unconsolidated joint ventures are recorded initially at cost, as investments in real estate ventures, and subsequently adjusted for equity in earnings (losses), cash contributions, less distributions. On a periodic basis, management also assesses whether there are any indicators that the value of the Company’s investments in unconsolidated real estate ventures may be other than temporarily impaired. An investment is impaired only if the fair value of the investment is less than the carrying value of the investment and the decline is other than temporary. To the extent impairment has occurred, the loss shall be measured as the excess of the carrying amount of the investment over the fair value of the investment, as estimated by management. The determination as to whether impairment exists requires significant management judgment about the fair value of its ownership interest.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to the accounting standard for the reporting of amounts reclassified out of accumulated other comprehensive income (“AOCI”).  The amendment requires entities to disclose for items reclassified out of AOCI and into net income in their entirety, the effect of the reclassification on each affected income statement line item and for AOCI items that are not reclassified in their entirety into net income, a cross reference to other required GAAP disclosures.  This amendment became effective for fiscal years and interim periods beginning after December 15, 2012.  The adoption of this guidance in 2013 did not have a material impact on the Company’s consolidated financial position or results of operations as its impact was limited to disclosure requirements (see note 9).
Concentration of Credit Risk	'
	Concentrationof Credit Risk
	The Company’s storage facilities are located in major metropolitan and rural areas and have numerous customers per facility.  No single customer represents a significant concentration of our revenues.  The facilities in New York, Florida, Texas, and California provided total revenues of approximately 17%, 15%, 10% and 9%, respectively, for the year ended December 31, 2013.  The facilities in New York, Florida, California, and Texas provided total revenues of approximately 16%, 15%, 10% and 10%, respectively, for the year ended December 31, 2012.  The facilities in Florida, California, Texas and Illinois provided total revenues of approximately 17%, 12%, 10% and 7%, respectively, for the year ended December 31, 2011.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Schedule of other assets	'
	Other assets are comprised of the following as of December 31, 2013 and 2012 (in thousands):
		December 31,
		2013		2012
	Intangible assets, net of accumulated amortization	$	9,463	$	21,670
	Deposits on future settlements	1,287		—
	Accounts receivable	4,957		10,209
	Prepaid insurance	1,304		1,805
	Prepaid real estate taxes	1,893		1,556
	Other	8,352		6,554
	Total	$	27,256	$	41,794

STORAGE_FACILITIES_Tables

STORAGE FACILITIES (Tables)	12 Months Ended
	Dec. 31, 2013
STORAGE FACILITIES	'
Summary of real estate assets	'
		December 31,
		2013			2012
		(in thousands)
	Land	$	465,680		$	462,626
	Buildings and improvements	1,888,823			1,828,388
	Equipment	158,000			143,836
	Construction in progress	41,203			8,172
	Storage facilities	2,553,706			2,443,022
	Less accumulated depreciation	(398,536		)	(353,315		)
	Storage facilities, net	$	2,155,170		$	2,089,707
Schedule of acquisitions and dispositions of real estate assets	'
	Facility/Portfolio	Location		Transaction Date		Number of		Purchase / Sale Price
						Facilities		(in thousands)
	2013 Acquisitions:
	Gilbert Asset	Gilbert, AZ		March 2013		1		$	6,900
	Evanston Asset	Evanston, IL		May 2013		1		8,300
	Delray Beach Asset	Delray Beach, FL		May 2013		1		7,150
	Miramar Asset	Miramar, FL		June 2013		1		9,000
	Stoneham Asset	Stoneham, MA		June 2013		1		10,600
	Maryland/New Jersey Assets	Multiple locations in MD and NJ		June 2013		5		52,400
	Staten Island Asset	Staten Island, NY		July 2013		1		13,000
	Lewisville Asset	Lewisville, TX		August 2013		1		10,975
	Chandler Asset	Chandler, AZ		September 2013		1		10,500
	Tempe Asset	Tempe, AZ		September 2013		1		4,300
	Clinton Asset	Clinton, MD		November 2013		1		15,375
	Katy Asset	Katy, TX		November 2013		1		9,700
	Richmond Asset	Richmond, TX		December 2013		1		10,497
	Dallas Asset	Dallas, TX		December 2013		1		6,925
	Elkridge Asset	Elkridge, MD		December 2013		1		8,200
	Fort Lauderdale Asset	Fort Lauderdale, FL		December 2013		1		6,000
						20		$	189,822
	2013 Dispositions:
	Texas/Indiana Assets	Multiple locations in TX and IN		March 2013		5		$	11,400
	Tennessee Assets	Multiple locations in TN		August 2013		8		25,000
	California/Tennessee/Texas Assets	Multiple locations in CA, TN and TX		October/November 2013		22		90,000
						35		$	126,400
	2012 Acquisitions:
	Houston Asset	Houston, TX		February 2012		1		$	5,100
	Dunwoody Asset	Dunwoody, GA		February 2012		1		6,900
	Mansfield Asset	Mansfield, TX		June 2012		1		4,970
	Texas Assets	Multiple locations in TX		July 2012		4		18,150
	Allen Asset	Allen, TX		July 2012		1		5,130
	Norwalk Asset	Norwalk, CT		July 2012		1		5,000
	Storage Deluxe Assets	Multiple locations in NY and CT		February/April/August 20	12	6		201,910
	Eisenhower Asset	Alexandria, VA		August 2012		1		19,750
	New Jersey Assets	Multiple locations in NJ		August 2012		2		10,750
	Georgia/Florida Assets	Multiple locations in GA and FL		August 2012		3		13,370
	Peachtree Asset	Peachtree City, GA		August 2012		1		3,100
	HSREV Assets	Multiple locations in PA, NY, NJ, VA and FL		September 2012		9		102,000
	Leetsdale Asset	Denver, CO		September 2012		1		10,600
	Orlando/West Palm Beach Assets	Multiple locations in FL		November 2012		2		13,010
	Exton/Cherry Hill Assets	Multiple locations in NJ and PA		December 2012		2		7,800
	Carrollton Asset	Carrollton, TX		December 2012		1		4,800
						37		$	432,340
	Facility/Portfolio	Location		Transaction Date		Number of		Purchase / Sale Price
						Facilities		(in thousands)
	2012 Dispositions:
	Michigan Assets	Multiple locations in MI		June 2012		3		$6,362
	Gulf Coast Assets	Multiple locations in LA, AL and MS		June 2012		5		16,800
	New Mexico Assets	Multiple locations in NM		August 2012		6		7,500
	San Bernardino Asset	San Bernardino, CA		August 2012		1		5,000
	Florida/ Tennessee Assets	Multiple locations in FL and TN		November 2012		3		6,550
	Ohio Assets	Multiple locations in OH		November 2012		8		17,750
						26		$59,962
	2011 Acquisitions:
	Burke Lake Asset	Fairfax Station, VA		January 2011		1		$14,000
	West Dixie Asset	Miami, FL		April 2011		1		13,500
	White Plains Asset	White Plains, NY		May 2011		1		23,000
	Phoenix Asset	Phoenix, AZ		May 2011		1		612
	Houston Asset	Houston, TX		June 2011		1		7,600
	Duluth Asset	Duluth, GA		July 2011		1		2,500
	Atlanta Assets	Atlanta, GA		July 2011		2		6,975
	District Heights Asset	District Heights, MD		August 2011		1		10,400
	Storage Deluxe Assets	Multiple locations in NY, CT and PA		November 2011		16		357,310
Leesburg Asset	Leesburg, VA		November 2011		1		13,000
Washington, DC Asset	Washington, DC		December 2011		1		18,250
					27		$467,147
2011 Dispositions:
Flagship Assets	Multiple locations in IN and OH		August 2011		18		$43,500
Portage Asset	Portage, MI		November 2011		1		1,700
					19		$45,200

INVESTMENT_ACTIVITY_Tables

INVESTMENT ACTIVITY (Tables)	12 Months Ended
	Dec. 31, 2013
INVESTMENT ACTIVITY	'
Schedule of revenue and earnings from acquisitions since the acquisition dates included in consolidated income statement	'
		Year ended December 31,
		2013			2012
		(in thousands)
	Total revenue	$	7,048		$	19,028
	Net loss	(4,228		)	(11,464		)

INVESTMENT_IN_UNCONSOLIDATED_R1

INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES (Tables)	12 Months Ended
	Dec. 31, 2013
INVESTMENT IN UNCONSOLIDATED REAL ESTATE VENTURES	'
Summary of the financial position of the HHF venture	'
	The following is a summary of the financial position of the HHF venture as of December 31, 2013 (in thousands):
		December 31,
		2013
	Assets
	Net property	$	313,622
	Other assets	623
	Total Assets	$	314,245
	Liabilities and equity
	Other liabilities	$	1,625
	Debt	—
	Equity:
	CubeSmart	156,310
	Joint venture partner	156,310
	Total Liabilities and equity	$	314,245
Summary of results of operations of the Real Estate Venture	'
	The following is a summary of results of operations of the real estate ventures for the years ended December 31, 2013, 2012 and 2011 (in thousands).
		Year ended December 31,
		2013			2012			2011
	Revenue	$	1,600		$	7,229		$	9,354
	Operating expenses	1,742			3,010			3,879
	Interest expense, net	—			2,690			3,969
	Depreciation and amortization	2,160			2,691			4,115
	Net loss	(2,302		)	(1,162		)	(2,609		)
	Company’s share of net loss	(1,151		)	(745		)	(281		)

REVOLVING_CREDIT_FACILITY_AND_1

REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS (Tables)	12 Months Ended
	Dec. 31, 2013
REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS	'
Schedule of amendment of the term loan facility	'
			Term Loan Facility			Term Loan Facility
			Prior to Amendment			As Amended
		Amount	Maturity Date	LIBOR Spread		Maturity Date	LIBOR Spread
	Term Loan A	$100 million	June 2016	1.85	%	June 2018	1.5	%
	Term Loan B	$100 million	June 2018	2	%	June 2018	2	%
Schedule of amendment of the credit facility	'
			Credit Facility			Credit Facility
			Prior to Amendment			As Amended
		Amount	Maturity Date	LIBOR Spread		Maturity Date	LIBOR Spread
	Revolver	$300 million	December 2015	1.8	%	June 2017	1.6	%
	Term Loan C (1)	$100 million	December 2014	1.75	%	December 2014	1.5	%
	Term Loan D	$200 million	March 2017	1.75	%	January 2019	1.5	%
	(1)         On December 17, 2013, the Company repaid the $100 million balance under Term Loan C that was scheduled to mature in December 2014.

MORTGAGE_LOANS_AND_NOTES_PAYAB1

MORTGAGE LOANS AND NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2013
MORTGAGE LOANS AND NOTES PAYABLE	'
Summary of mortgage loans and notes payable	'
		Carrying Value as of:
		December 31,		December 31,		Effective		Maturity
	Mortgage Loan	2013		2012		Interest Rate		Date
		(in thousands)
	YSI 7	$	—	$	2,962	6.5	%	13-Jun
	YSI 8	—		1,692		6.5	%	13-Jun
	YSI 9	—		1,862		6.5	%	13-Jun
	YSI 17	—		3,846		6.32	%	13-Jul
	YSI 27	—		461		5.59	%	13-Nov
	YSI 30	—		6,765		5.59	%	13-Nov
	USIFB	—		7,221		3.57	%	13-Dec
	YSI 11	—		2,276		5.87	%	14-Jan
	YSI 5	—		3,001		5.25	%	14-Jan
	YSI 28	—		1,460		5.59	%	14-Mar
	YSI 10	3,839		3,928		5.87	%	15-Jan
	YSI 15	1,733		1,784		6.41	%	15-Jan
	YSI 52	4,548		4,721		5.63	%	15-Jan
	YSI 58	8,676		8,974		2.97	%	15-Jan
	YSI 29	12,853		13,060		3.69	%	15-Aug
	YSI 13	8,500		—		3	%	15-Oct
	YSI 20	56,373		58,524		5.97	%	15-Nov
	YSI 59	9,418		9,603		4.82	%	16-Mar
	YSI 60	3,670		3,725		5.04	%	16-Aug
	YSI 51	7,219		7,325		5.15	%	16-Sep
	YSI 35	4,274		4,373		6.9	%	19-Jul	(a)
	YSI 33	10,688		10,930		6.42	%	19-Jul
	YSI 26	8,945		9,102		4.56	%	20-Nov
	YSI 57	3,140		3,195		4.61	%	20-Nov
	YSI 55	24,145		24,502		4.85	%	21-Jun
	YSI 24	28,523		29,141		4.64	%	21-Jun
	Unamortized fair value adjustment	3,674		4,326
	Total mortgage loans and notes payable	$	200,218	$	228,759
	(a)                 This borrowing has a fixed interest rate for the first five years of the term, and the rate then resets and remains constant over the final five years of the loan term.
Schedule of the future principal payment requirements on the outstanding mortgage loans and notes payable	'
	The following table represents the future principal payment requirements on the outstanding mortgage loans and notes payable at December 31, 2013 (in thousands):
	2014	$	5,214
	2015	95,397
	2016	21,342
	2017	1,915
	2018	2,026
	2019 and thereafter	70,650
	Total mortgage payments	196,544
	Plus: Unamortized fair value adjustment	3,674
	Total mortgage indebtedness	$	200,218

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2013
ACCUMULATED OTHER COMPREHENSIVE LOSS	'
Summary of changes in accumulated other comprehensive loss by component	'
	The following table summarizes the changes in accumulated other comprehensive loss by component for the year ended December 31, 2013 (dollars in thousands):
		Unrealized losses			Unrealized loss on			Total
		on interest rate			foreign currency
		swaps			translation
	Balance at December 31, 2012	$	(18,973	)	$	(823	)	$	(19,796	)
	Other comprehensive gain before reclassifications	2,591			31			2,622
	Amounts reclassified from accumulated other comprehensive loss	6,160		(a)	—			6,160
	Net current-period other comprehensive income	8,751			31			8,782
	Balance at December 31, 2013	$	(10,222	)	$	(792	)	$	(11,014	)
	(a)         See note 10 for additional information about the effects of the amounts reclassified.

RISK_MANAGEMENT_AND_USE_OF_FIN1

RISK MANAGEMENT AND USE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
RISK MANAGEMENT AND USE OF FINANCIAL INSTRUMENTS	'
Summary of terms and fair values of the derivative financial instruments	'
	The following table summarizes the terms and fair values of the Company’s derivative financial instruments at December 31, 2013 and December 31, 2012, respectively (dollars in thousands):
	Hedge		Notional						Year Ended December 31,
	Product	Hedge Type (a)	Amount		Strike		Effective Date	Maturity	2013			2012
	Swap	Cash flow	$	40,000	1.8025	%	6/20/11	6/20/16	$	(1,265	)	$	(1,873	)
	Swap	Cash flow	$	40,000	1.8025	%	6/20/11	6/20/16	(1,265		)	(1,875		)
	Swap	Cash flow	$	20,000	1.8025	%	6/20/11	6/20/16	(632		)	(937		)
	Swap	Cash flow	$	75,000	1.336	%	12/30/11	3/31/17	(1,132		)	(2,378		)
	Swap	Cash flow	$	50,000	1.336	%	12/30/11	3/31/17	(752		)	(1,583		)
	Swap	Cash flow	$	50,000	1.336	%	12/30/11	3/31/17	(754		)	(1,583		)
	Swap	Cash flow	$	25,000	1.3375	%	12/30/11	3/31/17	(380		)	(799		)
	Swap	Cash flow	$	40,000	2.459	%	6/20/11	6/20/18	(1,820		)	(3,433		)
	Swap	Cash flow	$	40,000	2.4725	%	6/20/11	6/20/18	(1,842		)	(3,470		)
	Swap	Cash flow	$	20,000	2.475	%	6/20/11	6/20/18	(921		)	(1,734		)
			$	400,000					$	(10,763	)	$	(19,665	)
	(a)         Hedging unsecured variable rate debt by fixing 30-day LIBOR.

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2013
FAIR VALUE MEASUREMENTS	'
Schedule of financial assets and liabilities carried at fair value	'
	Financial assets and liabilities carried at fair value as of December 31, 2013 are classified in the table below in one of the three categories described above (dollars in thousands):
		Level 1		Level 2		Level 3
	Interest Rate Swap Derivative Liabilities	$	—	$	10,763	$	—
	Total liabilities at fair value	$	—	$	10,763	$	—
	Financial assets and liabilities carried at fair value as of December 31, 2012 are classified in the table below in one of the three categories described above (dollars in thousands):
		Level 1		Level 2		Level 3
	Interest Rate Swap Derivative Liabilities	$	—	$	19,665	$	—
	Total liabilities at fair value	$	—	$	19,665	$	—

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2013
RELATED PARTY TRANSACTIONS	'
Schedule of office space subject to lease agreement with related parties	'
	Office Space	Approximate	Maturity Date	Fixed Minimum		Fixed
		Square Footage		Rent Per Month		Maximum Rent
						Per Month
	The Parkview Building — 6745 Engle Road; and 6751 Engle Road	21,900	12/31/14	$	25,673	$	31,205
	6745 Engle Road — Suite 100	2,212	12/31/14	$	3,051	$	3,709
	6745 Engle Road — Suite 110	1,731	12/31/14	$	2,387	$	2,901
	6751 Engle Road — Suites C and D	3,000	12/31/14	$	3,137	$	3,771
	(1)         Our Operating Partnership may extend the lease agreement beyond the termination date by the period set forth in this column at prevailing market rates upon the same terms and conditions contained in each of the lease agreements.

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2013
COMMITMENTS AND CONTINGENCIES	'
Schedule of future minimum rental payments under non-cancelable ground leases	'
		Ground Lease
		Amount
		(in thousands)
	2014	$	1,329
	2015	1,336
	2016	1,329
	2017	1,329
	2018	1,242
	2019 and thereafter	64,836
		$	71,401

SHAREBASED_COMPENSATION_PLANS_

SHARE-BASED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2013
SHARE-BASED COMPENSATION PLANS	'
Schedule of assumptions used for estimating the fair value of share options using the Black-Scholes option-pricing model	'
	Assumptions:	2013			2012			2011
	Risk-free interest rate	1		%	2		%	3.3		%
	Expected dividend yield	3.3		%	4.5		%	4.8		%
	Volatility (a)	42		%	52.22		%	54.6		%
	Weighted average expected life of the options (b)	6.0 years			9.59 years			9.9 years
	Weighted average grant date fair value of options granted per share	$	4.28		$	3.94		$	3.4
	(a)  Expected volatility is based upon the level of volatility historically experienced.
	(b)  Expected life is based upon our expectations of share option recipients’ expected exercise and termination patterns.
Summary of option activity	'
							Weighted Average
		Number of Shares		Weighted Average			Remaining
		Under Option		Strike Price			Contractual Term
	Balance at December 31, 2010	5,013,760		$	10.38		7.18
	Options granted	346,882		9.38			9.11
	Options canceled	(80,924	)	9.4			—
	Options exercised	(24,000	)	5.06			6.84
	Balance at December 31, 2011	5,255,718		$	10.35		6.33
	Options granted	222,421		11.48			9.14
	Options canceled	(10,375	)	9.01			—
	Options exercised	(209,900	)	7.89			6.08
	Balance at December 31, 2012	5,257,864		$	10.5		5.49
	Options granted	182,297		14.84			9.08
	Options canceled	(24,000	)	13.57			—
	Options exercised	(511,548	)	7.24			4.53
	Balance at December 31, 2013	4,904,613		$	10.99		4.66
	Vested or expected to vest at December 31, 2013	4,904,613		$	10.99		4.66
	Exercisable at December 31, 2013	4,462,447		$	10.87		4.31
Schedule of non-vested restricted share activity	'
		Number of Non-
		Vested Restricted
		Shares and Share Units
	Non-Vested at January 1, 2013	853,140
	Granted	219,338
	Vested	(350,328	)
	Forfeited	(10,519	)
	Non-Vested at December 31, 2013	711,631

EARNINGS_PER_SHARE_AND_UNIT_AN1

EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2013
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL	'
Summary of the elements used in calculating basic and diluted earnings (loss) per common share	'
		For the year ended December 31,
		2013			2012			2011
		(Dollars and shares in thousands, except per share amounts)
	Income (loss) from continuing operations	$	10,409		$	(13,276	)	$	(13,400	)
	Noncontrolling interests in the Operating Partnership	(51		)	513			694
	Noncontrolling interest in subsidiaries	42			(1,918		)	(2,810		)
	Distribution to preferred shares (1)	(6,008		)	(6,008		)	(1,218		)
	Income (loss) from continuing operations attributable to the Company’s common shareholders	$	4,392		$	(20,689	)	$	(16,734	)
	Total discontinued operations	31,585			16,904			15,847
	Noncontrolling interests in the Operating Partnership	(537		)	(406		)	(729		)
	Total discontinued operations attributable to the Company’s common shareholders	$	31,048		$	16,498		$	15,118
	Net income (loss) attributable to the Company’s common shareholders	$	35,440		$	(4,191	)	$	(1,616	)
	Weighted-average shares outstanding	135,191			124,548			102,976
	Share options and restricted share units (2)	2,551			—			—
	Weighted-average diluted shares outstanding (3)	137,742			124,548			102,976
	Earnings (loss) per common share:
	Continuing operations	$	0.03		$	(0.17	)	$	(0.16	)
	Discontinued operations	0.23			0.14			0.14
	Basic and diluted earnings (loss) per common share	$	0.26		$	(0.03	)	$	(0.02	)
		For the year ended December 31,
		2013			2012			2011
		(Dollars and units in thousands, except per unit amounts)
	Income (loss) from continuing operations	$	10,409		$	(13,276	)	$	(13,400	)
	Operating Partnership interests of third parties	(51		)	513			694
	Noncontrolling interest in subsidiaries	42			(1,918		)	(2,810		)
	Distribution to preferred unitholders (1)	(6,008		)	(6,008		)	(1,218		)
	Income (loss) from continuing operations attributable to common unitholders	$	4,392		$	(20,689	)	$	(16,734	)
	Total discontinued operations	31,585			16,904			15,847
	Operating Partnership interests of third parties	(537		)	(406		)	(729		)
	Total discontinued operations attributable to common unitholders	$	31,048		$	16,498		$	15,118
	Net income (loss) attributable to common unitholders	$	35,440		$	(4,191	)	$	(1,616	)
	Weighted-average units outstanding	135,191			124,548			102,976
	Unit options and restricted share units (2)	2,551			—			—
	Weighted-average diluted units outstanding (3)	137,742			124,548			102,976
	Earnings (loss) per common unit:
	Continuing operations	$	0.03		$	(0.17	)	$	(0.16	)
	Discontinued operations	0.23			0.14			0.14
	Basic and diluted earnings (loss) per common unit	$	0.26		$	(0.03	)	$	(0.02	)
	(1)  For the year ended December 31, 2013, 2012 and 2011, the Company declared cash dividends per preferred share/unit of $1.938, $1.938 and $0.393, respectively.
	(2) For the years ended December 31, 2012 and 2011, the potentially dilutive shares/units of approximately 2,000,000, and 1,378,000 respectively, were not included in the earnings per share/unit calculation as their effect is antidilutive.
	(3) For the years ended December 31, 2013, 2012 and 2011, the Company declared cash dividends per common share/unit of $0.460, $0.350 and $0.290, respectively.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
INCOME TAXES	'
Schedule of reconciliation of the statutory federal income tax rate with effective income tax rate	'
		For the year ended December 31,
		2013		2012
	Effective income tax rate
	Statutory federal income tax rate	34	%	34	%
	State and local income taxes	4	%	4	%
	Effective income tax rate	38	%	38	%
Schedule of deferred tax assets and deferred tax liabilities	'
		As of December 31,
		2013					2012
		(in thousands)
		Assets			Liabilities		Assets		Liabilities
	Deferred taxes
	Share based compensation	$	2,379		$	2,175	$	3,684	$	3,347
	Other	461			—		400		—
	Deferred taxes	$	2,840		$	2,175	$	4,084	$	3,347

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2013
DISCONTINUED OPERATIONS	'
Summary of information about revenue and expense related to properties classified as discontinued operations	'
	The following table summarizes the revenue and expense information for the period the Company owned the facilities classified as discontinued operations during the years ended December 31, 2013, 2012 and 2011 (in thousands):
	-
		For the year ended December 31,
		2013			2012			2011
	REVENUES
	Rental income	$	10,795		$	21,077		$	27,958
	Other property related income	1,583			2,703			5,138
	Total revenues	12,378			23,780			33,096
	OPERATING EXPENSES
	Property operating expenses	5,318			10,742			13,630
	Depreciation and amortization	2,703			5,548			7,110
	Total operating expenses	8,021			16,290			20,740
	OPERATING INCOME	4,357			7,490			12,356
	OTHER (EXPENSE) INCOME
	Interest expense on loans	(212		)	(397		)	(412		)
	Gain from disposition of discontinued operations	27,440			9,811			3,903
	Income from discontinued operations	$	31,585		$	16,904		$	15,847

PRO_FORMA_FINANCIAL_INFORMATIO1

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2013
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)	'
Schedule of consolidated results of operations on a pro forma basis	'
		Year ended December 31,
		2013		2012
		(unaudited)
		(in thousands, except per share data)
	Pro forma revenue	$	328,501	$	306,006
	Pro forma income from continuing operations	40,616		15,784
	Earnings (loss) per common share from continuing operations:
	Basic and diluted — as reported	$	0.03	$	(0.17	)
	Basic and diluted — as pro forma	0.25		0.06

SELECTED_QUARTERLY_FINANCIAL_D1

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2013
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	'
Summary of quarterly financial information	'
	The following is a summary of quarterly financial information for the years ended December 31, 2013 and 2012 (in thousands, except per share data):
		Three months ended
		March 31,			June 30,		September 30,		December 31,
		2013			2013		2013		2013
	Total revenues	$	74,655		$	78,289	$	82,487	$	82,964
	Total operating expenses	65,756			64,377		65,785		64,180
	Net (loss) income attributable to the Company	(392		)	2,550		16,342		22,948
	Basic and diluted (loss) earnings per share	(0.01		)	0.01		0.11		0.15
		Three months ended
		March 31,			June 30,		September 30,		December 31,
		2012			2012		2012		2012
	Total revenues	$	60,548		$	63,649	$	69,050	$	73,075
	Total operating expenses	54,754			57,644		62,492		64,559
	Net (loss) income attributable to the Company	(3,843		)	2,543		1,636		1,481
	Basic and diluted (loss) earnings per share	(0.04		)	0.01		0		0

ORGANIZATION_AND_NATURE_OF_OPE1

ORGANIZATION AND NATURE OF OPERATIONS (Details)	12 Months Ended
	Dec. 31, 2013
	segment
	state
ORGANIZATION AND NATURE OF OPERATIONS	'
Number of states in which self-storage facilities are located	20
Number of reportable segments	1
Percentage of the entity's partnership interest in Operating Partnership	98.40%
Common stock, conversion ratio	1

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Partnership Ownership	'	'	'
Increase to OP units owned by third parties and a corresponding decrease to capital	$3,292	$19,520	$7,082
Minimum	'	'	'
Depreciation and Amortization	'	'	'
Useful lives of self-storage facilities and improvements	'5 years	'	'
Maximum	'	'	'
Depreciation and Amortization	'	'	'
Useful lives of self-storage facilities and improvements	'39 years	'	'
Operating Partnership	'	'	'
Operating Partnership Ownership	'	'	'
Increase to OP units owned by third parties and a corresponding decrease to capital	$3,292	$19,520	$7,082

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'	'
Long-Lived Assets held for sale, timing of expected sale	'1 year	'
Loan procurement costs	'	'
Loan procurement costs	$17,300,000	$11,700,000
Loan procurement costs, accumulated amortization	4,600,000	3,400,000
Other Assets	'	'
Intangible assets, net of accumulated amortization	9,463,000	21,670,000
Deposits on future settlements	1,287,000	'
Accounts receivable	4,957,000	10,209,000
Prepaid insurance	1,304,000	1,805,000
Prepaid real estate taxes	1,893,000	1,556,000
Others	8,352,000	6,554,000
Total	$27,256,000	$41,794,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Advertising and Marketing Costs	'	'	'
Advertising and marketing expenses	$7.60	$8.10	$6.90
Equity Offering Costs	'	'	'
Equity offering costs	1.8	1.7	0.8
Capitalized Interest	'	'	'
Interest costs, capitalized	$0.90	$0.20	$0.10

SUMMARY_OF_SIGNIFICANT_ACCOUNT6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 4) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Taxes	'	'	'
Net tax basis in the entity's assets	$2,200,000,000	$1,900,000,000	'
Percentage of distributions characterized as ordinary income dividends	55.91%	'	'
Percentage of distributions characterized as capital gain dividends	44.09%	'	'
Series A Cumulative Redeemable Preferred shares, percentage	7.75%	7.75%	'
Percentage of distributions characterized as ordinary income distributions to preferred shareholders	65.79%	'	'
Percentage of distributions characterized as capital gain distribution to preferred shareholders	34.21%	'	'
Federal excise tax rate (as a percent)	4.00%	'	'
Percentage of ordinary income considered for the calculation of annual amount which is subject to federal excise tax	85.00%	'	'
Percentage of net capital gain considered for the calculation of annual amount which is subject to Federal excise tax	95.00%	'	'
Percentage of prior year taxable income considered for the calculation of annual amount which is subject to federal excise tax	100.00%	'	'
Net deferred tax asset recorded by REIT subsidiary TRS	700,000	700,000	'
Earnings per Share and Unit	'	'	'
Potential dilutive securities not included in the calculation of diluted earnings per share, as they were identified as anti-dilutive (in shares)	'	2,000,000	1,378,000
Potential dilutive securities included in the calculation of diluted earnings per share (in shares)	2,551,000	'	'
Foreign currency	'	'	'
Foreign currency exchange rate (U.S. Dollars per pound)	1.657413	1.625924	'
Foreign currency average exchange rate (U.S. Dollars per pound)	1.588598	1.585074	1.60377
Unrealized gain on foreign currency translation	100,000	200,000	200,000
Interest rate swap agreement | Designated as an accounting hedge	'	'	'
Derivative Financial Instruments	'	'	'
Notional principal amounts	$400,000,000	$400,000,000	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 5) (Revenues, Location of facilities)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
New York	'	'	'
Concentration of Credit Risk	'	'	'
Percentage of total revenues (as a percent)	17.00%	16.00%	'
Florida	'	'	'
Concentration of Credit Risk	'	'	'
Percentage of total revenues (as a percent)	15.00%	15.00%	17.00%
California	'	'	'
Concentration of Credit Risk	'	'	'
Percentage of total revenues (as a percent)	9.00%	10.00%	12.00%
Texas	'	'	'
Concentration of Credit Risk	'	'	'
Percentage of total revenues (as a percent)	10.00%	10.00%	10.00%
Illinois	'	'	'
Concentration of Credit Risk	'	'	'
Percentage of total revenues (as a percent)	'	'	7.00%

STORAGE_FACILITIES_Details

STORAGE FACILITIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
STORAGE FACILITIES	'	'
Storage facilities	$2,553,706	$2,443,022
Less: Accumulated depreciation	-398,536	-353,315
Storage facilities, net (including VIE assets of $34,559 and $11,586)	2,155,170	2,089,707
Land	'	'
STORAGE FACILITIES	'	'
Storage facilities	465,680	462,626
Buildings and improvements	'	'
STORAGE FACILITIES	'	'
Storage facilities	1,888,823	1,828,388
Equipment	'	'
STORAGE FACILITIES	'	'
Storage facilities	158,000	143,836
Construction in progress	'	'
STORAGE FACILITIES	'	'
Storage facilities	$41,203	$8,172

STORAGE_FACILITIES_Details_2

STORAGE FACILITIES (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	property	property	property
Acquisitions	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	20	37	27
Purchase / Sales Price	$189,822	$432,340	$467,147
Acquisitions | Houston, Texas	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	1
Purchase / Sales Price	'	5,100	7,600
Acquisitions | Dunwoody, Georgia	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	'
Purchase / Sales Price	'	6,900	'
Acquisitions | Mansfield Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	'
Purchase / Sales Price	'	4,970	'
Acquisitions | Texas Asset at multiple locations in TX	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	4	'
Purchase / Sales Price	'	18,150	'
Acquisitions | Allen Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	'
Purchase / Sales Price	'	5,130	'
Acquisitions | Norwalk Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	'
Purchase / Sales Price	'	5,000	'
Acquisitions | Storage Deluxe assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	6	16
Purchase / Sales Price	'	201,910	357,310
Acquisitions | Eisenhower Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	'
Purchase / Sales Price	'	19,750	'
Acquisitions | New Jersey Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	2	'
Purchase / Sales Price	'	10,750	'
Acquisitions | Georgia/ Florida Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	3	'
Purchase / Sales Price	'	13,370	'
Acquisitions | Peachtree Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	'
Purchase / Sales Price	'	3,100	'
Acquisitions | HSREV Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	9	'
Purchase / Sales Price	'	102,000	'
Acquisitions | Leetsdale Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	'
Purchase / Sales Price	'	10,600	'
Acquisitions | Orlando/ West Palm Beach Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	2	'
Purchase / Sales Price	'	13,010	'
Acquisitions | Exton/ Cherry Hill Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	2	'
Purchase / Sales Price	'	7,800	'
Acquisitions | Carrollton Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	1	'
Purchase / Sales Price	'	4,800	'
Acquisitions | Gilbert Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	6,900	'	'
Acquisitions | Evanston Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	8,300	'	'
Acquisitions | Delray Beach Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	7,150	'	'
Acquisitions | Miramar Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	9,000	'	'
Acquisitions | Stoneham Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	10,600	'	'
Acquisitions | Maryland/New Jersey Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	5	'	'
Purchase / Sales Price	52,400	'	'
Acquisitions | Staten Island Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	13,000	'	'
Acquisitions | Lewisville Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	10,975	'	'
Acquisitions | Chandler Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	10,500	'	'
Acquisitions | Tempe Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	4,300	'	'
Acquisitions | Clinton Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	15,375	'	'
Acquisitions | Katy Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	9,700	'	'
Acquisitions | Richmond Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	10,497	'	'
Acquisitions | Dallas Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	6,925	'	'
Acquisitions | Elkridge Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	8,200	'	'
Acquisitions | Fort Lauderdale Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	1	'	'
Purchase / Sales Price	6,000	'	'
Acquisitions | Burke Lake Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	1
Purchase / Sales Price	'	'	14,000
Acquisitions | West Dixie Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	1
Purchase / Sales Price	'	'	13,500
Acquisitions | White Plains Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	1
Purchase / Sales Price	'	'	23,000
Acquisitions | Phoenix Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	1
Purchase / Sales Price	'	'	612
Acquisitions | Duluth Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	1
Purchase / Sales Price	'	'	2,500
Acquisitions | Atlanta Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	2
Purchase / Sales Price	'	'	6,975
Acquisitions | District Heights Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	1
Purchase / Sales Price	'	'	10,400
Acquisitions | Leesburg Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	1
Purchase / Sales Price	'	'	13,000
Acquisitions | Washington, DC Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, acquisitions (in properties)	'	'	1
Purchase / Sales Price	'	'	18,250
Dispositions	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	35	26	19
Purchase / Sales Price	126,400	59,962	45,200
Dispositions | Michigan Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	'	3	'
Purchase / Sales Price	'	6,362	'
Dispositions | Gulf Coast Assets at multiple locations in LA, AL and MS	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	'	5	'
Purchase / Sales Price	'	16,800	'
Dispositions | New Mexico Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	'	6	'
Purchase / Sales Price	'	7,500	'
Dispositions | San Bernardino Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	'	1	'
Purchase / Sales Price	'	5,000	'
Dispositions | Florida/ Tennessee Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	'	3	'
Purchase / Sales Price	'	6,550	'
Dispositions | Ohio Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	'	8	'
Purchase / Sales Price	'	17,750	'
Dispositions | Texas/Indiana Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	5	'	'
Purchase / Sales Price	11,400	'	'
Dispositions | California/Tennessee/Texas Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	22	'	'
Purchase / Sales Price	90,000	'	'
Dispositions | Tennessee Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	8	'	'
Purchase / Sales Price	25,000	'	'
Dispositions | Flagship Assets	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	'	'	18
Purchase / Sales Price	'	'	43,500
Dispositions | Portage Asset	'	'	'
STORAGE FACILITIES	'	'	'
Number of Facilities, dispositions (in properties)	'	'	1
Purchase / Sales Price	'	'	$1,700

INVESTMENT_ACTIVITY_Details

INVESTMENT ACTIVITY (Details) (USD $)

12 Months Ended

0 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Sep. 28, 2012

Sep. 26, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 28, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

HSRE Venture

HSRE Venture

5 Old Lancaster Road located in Malvern, PA

5 Old Lancaster Road located in Malvern, PA

Bronx, NY

Self-storage facilities located in New York and Virginia

Self-storage facilities located in New York

Self-storage facility located in Virginia

Self-storage facilities

Self-storage facilities

Self-storage facilities

Self-storage facilities

Self-storage facilities

Self-storage facilities

Self-storage facilities

Self-storage facilities

Self-storage facilities

property

facility

facility

property

2013 Acquisitions

2012 Self-storage facilities acquisitions

2012 Self-storage facilities acquisitions

2012 Self-storage facilities acquisitions

2012 Self-storage facilities acquisitions

2012 Self-storage facilities acquisitions

2012 Self-storage facilities acquisitions

2012 Self-storage facilities acquisitions

property

property

HSRE Venture

HSRE Venture

HSRE Venture

Storage Deluxe assets

Storage Deluxe assets

property

facility

property

Self-storage facilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Development costs

'

'

'

'

$21,400,000

$4,700,000

$15,600,000

$16,900,000

'

'

'

'

'

'

'

'

'

'

'

Amount of Storage Deluxe transaction

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

560,000,000

Number of self-storage facilities

'

'

'

'

'

'

'

'

3

1

'

'

'

'

'

'

'

'

22

Number of self-storage facilities acquired (in properties)

'

'

'

9

'

'

'

'

'

'

20

20

'

22

9

'

'

'

6

Aggregate purchase price of acquisition

'

'

'

'

'

'

'

'

'

'

189,800,000

189,800,000

'

128,400,000

'

'

'

'

201,900,000

Intangible value of the in-place leases

'

'

'

'

'

'

'

'

'

'

'

13,500,000

'

13,200,000

8,300,000

'

'

'

12,300,000

Estimated life

'

'

'

'

'

'

'

'

'

'

'

'12 months

'

'12 months

'12 months

'

'

'

'12 months

Amortization expense

'

'

'

'

'

'

'

'

'

'

'

5,300,000

8,400,000

4,800,000

'

6,200,000

2,100,000

4,400,000

7,900,000

Assumed mortgage debt, at fair value

'

'

'

'

'

'

'

'

'

'

'

8,900,000

'

13,900,000

'

'

'

'

93,100,000

Outstanding principal balance of mortgage debt assumed on acquisitions

'

'

'

'

'

'

'

'

'

'

'

8,500,000

'

13,400,000

'

'

'

'

88,900,000

Premium on debt assumed on acquisitions

'

'

'

'

'

'

'

'

'

'

'

400,000

'

500,000

'

'

'

'

4,200,000

Acquisition of remaining interest in real estate ventures (as a percent)

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

Cash paid for acquisition of remaining interest in real estate ventures

'

'

21,700,000

'

'

'

'

'

'

'

'

'

'

'

21,700,000

'

'

'

'

Amount of debt repaid

'

'

59,300,000

'

'

'

'

'

'

'

'

'

'

'

59,300,000

'

'

'

'

Fair value of storage facilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

102,000,000

'

'

'

'

Number of properties, assumed mortgage

'

'

'

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

Summary of the amounts of revenue and earnings of the 2013 and 2012 acquisitions since the acquisition dates

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total revenue

7,048,000

19,028,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net loss

($4,228,000)

($11,464,000)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

INVESTMENT_IN_UNCONSOLIDATED_R2

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

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Sep. 28, 2012

Sep. 26, 2011

Dec. 31, 2012

Dec. 31, 2011

Sep. 28, 2011

Sep. 28, 2011

Dec. 10, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 10, 2013

Dec. 10, 2013

HSRE Venture

HSRE Venture

HSRE Venture

HSRE Venture

HSRE Venture

HSRE Venture

HHF

HHF

HHF

HHF

HHF

property

Other partner

property

Facilitates located in Texas

Facilitates located in North Carolina

property

property

Investment in Unconsolidated Real Estate Venture

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of storage facilities owned by investee

'

'

'

'

9

'

'

'

'

35

'

'

34

1

Payment made for acquisition of interest in real estate ventures

$157,461,000

'

$15,462,000

'

$15,400,000

'

'

'

'

$315,700,000

'

'

'

'

Ownership interest in partnership (as a percent)

'

'

'

'

'

'

'

50.00%

50.00%

50.00%

'

'

'

'

Acquisition of remaining interest in real estate ventures (as a percent)

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

Cash paid for acquisition of remaining interest in real estate ventures

'

'

'

21,700,000

'

'

'

'

'

'

'

'

'

'

Amount of debt repaid

'

'

'

59,300,000

'

'

'

'

'

'

'

'

'

'

Gain on remeasurement of investment in real estate venture

'

7,023,000

'

'

'

7,000,000

'

'

'

'

'

'

'

'

Assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net property

'

'

'

'

'

'

'

'

'

'

313,622,000

'

'

'

Other assets

'

'

'

'

'

'

'

'

'

'

623,000

'

'

'

Total Assets

'

'

'

'

'

'

'

'

'

'

314,245,000

0

'

'

Liabilities and equity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other liabilities

'

'

'

'

'

'

'

'

'

'

1,625,000

'

'

'

Equity:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

CubeSmart

'

'

'

'

'

'

'

'

'

'

156,310,000

'

'

'

Joint venture partner

'

'

'

'

'

'

'

'

'

'

156,310,000

'

'

'

Total Liabilities and equity

'

'

'

'

'

'

'

'

'

'

314,245,000

'

'

'

Summary of results of operations of the real estate venture

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue

'

'

'

'

'

7,229,000

9,354,000

'

'

'

1,600,000

'

'

'

Operating expenses

'

'

'

'

'

3,010,000

3,879,000

'

'

'

1,742,000

'

'

'

Interest expense, net

'

'

'

'

'

2,690,000

3,969,000

'

'

'

'

'

'

'

Depreciation and amortization

'

'

'

'

'

2,691,000

4,115,000

'

'

'

2,160,000

'

'

'

Net loss

'

'

'

'

'

-1,162,000

-2,609,000

'

'

'

-2,302,000

'

'

'

Company's share of net loss

($1,151,000)

($745,000)

($281,000)

'

'

($745,000)

($281,000)

'

'

'

($1,151,000)

'

'

'

UNSECURED_SENIOR_NOTES_Details

UNSECURED SENIOR NOTES (Details) (USD $)	0 Months Ended	12 Months Ended		0 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Dec. 17, 2013	Dec. 31, 2013	Dec. 31, 2013	Jun. 26, 2012	Dec. 31, 2013	Dec. 31, 2013
	Senior notes 4.375% due December 15, 2023	Senior notes 4.375% due December 15, 2023	Senior notes 4.375% due December 15, 2023	Senior notes 4.80% due July 15, 2022	Senior notes 4.80% due July 15, 2022	Senior notes 4.80% due July 15, 2022
		Maximum	Minimum		Maximum	Minimum
Senior Notes	'	'	'	'	'	'
Senior notes, principal amount	$250	'	'	$250	'	'
Senior notes, interest rate (as a percent)	4.38%	'	'	4.80%	'	'
Consolidated leverage ratio	'	0.6	'	'	0.6	'
Consolidated interest coverage ratio	'	'	1.5	'	'	1.5
Secured debt leverage ratio	'	0.4	'	'	0.4	'
Financial and customary covenant, minimum unencumbered asset (as a percent)	'	'	150.00%	'	'	150.00%

REVOLVING_CREDIT_FACILITY_AND_2

REVOLVING CREDIT FACILITY AND UNSECURED TERM LOANS (Details) (USD $)

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2011

Dec. 31, 2012

Jun. 18, 2013

Jun. 18, 2013

Jun. 18, 2013

Jun. 18, 2013

Dec. 31, 2013

Jun. 18, 2013

Jun. 20, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 20, 2011

Dec. 31, 2013

Jun. 18, 2013

Jun. 20, 2011

Dec. 31, 2013

Jun. 18, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 18, 2013

Jun. 18, 2013

Jun. 18, 2013

Jun. 18, 2013

Jun. 18, 2013

Jun. 18, 2013

Dec. 31, 2013

Dec. 09, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 18, 2013

Dec. 09, 2011

Dec. 17, 2013

Dec. 31, 2013

Jun. 18, 2013

Dec. 09, 2011

Dec. 31, 2013

Jun. 18, 2013

Dec. 09, 2011

Dec. 31, 2013

Dec. 31, 2013

Term Loan Facility, Prior to Amendment

Term Loan Facility, Prior to Amendment

Term Loan Facility, As Amended

Term Loan Facility, As Amended

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Term Loan Facility

Credit Facility, Prior to Amendment

Credit Facility, Prior to Amendment

Credit Facility, Prior to Amendment

Credit Facility, As Amended

Credit Facility, As Amended

Credit Facility, As Amended

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Credit Facility

Term Loan A

Term Loan B

Term Loan A

Term Loan B

Interest rate swap agreement

Minimum

Maximum

Term Loan A

Term Loan A

Term Loan A

Term Loan B

Term Loan B

Term Loan B

Term Loan C

Unsecured term loan

Revolver

Term Loan C

Term Loan D

Revolver

Term Loan C

Term Loan D

Minimum

Maximum

Revolver

Revolver

Revolver

Term Loan C

Term Loan C

Term Loan C

Term Loan C

Term Loan D

Term Loan D

Term Loan D

Unsecured term loan

Unsecured revolving credit facility

SECURED CREDIT FACILITY, UNSECURED CREDIT FACILITY AND SECURED TERM LOANS

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term of debt instrument

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'7 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

$100,000,000

'

$100,000,000

$100,000,000

'

$100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

$300,000,000

$300,000,000

'

'

$100,000,000

$100,000,000

'

$200,000,000

$200,000,000

'

'

Loan procurement costs capitalized

17,300,000

'

11,700,000

'

'

'

'

'

2,100,000

2,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate, basis spread (as a percent)

'

'

'

1.85%

2.00%

1.50%

2.00%

'

'

'

'

'

'

'

1.50%

'

'

2.00%

'

'

'

1.80%

1.75%

1.75%

1.60%

1.50%

1.50%

'

'

'

'

1.60%

'

'

'

1.50%

'

'

1.50%

'

'

'

'

Variable interest rate basis

'

'

'

'LIBOR

'LIBOR

'LIBOR

'LIBOR

'

'

'

'

'

'

'

'LIBOR

'

'

'LIBOR

'

'

'

'LIBOR

'LIBOR

'LIBOR

'LIBOR

'LIBOR

'LIBOR

'

'

'

'

'LIBOR

'

'

'

'LIBOR

'

'

'LIBOR

'

'

'

'

Variable interest rate floor (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

'

'

0.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

'

'

'

0.00%

'

'

0.00%

'

'

'

'

Facility fee (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.30%

'

'

'

'

'

'

'

'

'

'

'

Repayment of outstanding debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000,000

'

'

'

'

'

'

'

'

Loan procurement amortization expense - early repayment of debt

414,000

8,167,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unsecured term loan borrowings outstanding

400,000,000

'

500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000,000

38,600,000

Remaining borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

261,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

261,200,000

Outstanding letter of credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

'

'

'

'

'

'

'

Derivative, variable interest rate base

'

'

'

'

'

'

'

'

'

'

'Thirty day LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Effective weighted average interest rate (as a percent)

'

'

'

'

'

'

'

3.22%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.22%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total indebtedness to total asset value ratio (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

60.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

60.00%

'

'

'

'

'

'

'

'

'

'

'

'

Fixed charge coverage ratio

'

'

'

'

'

'

'

'

'

'

'

1.5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.5

'

'

'

'

'

'

'

'

'

'

'

'

'

Tangible net worth

'

'

'

'

'

'

'

'

'

'

'

$821,211,200

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$821,211,200

'

'

'

'

'

'

'

'

'

'

'

'

'

Net proceeds from equity issuances added to minimum tangible net worth (as a percent)

'

'

'

'

'

'

'

75.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of funds from operations that can be distributed on common shares

'

'

'

'

'

'

'

'

'

'

'

'

95.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

95.00%

'

'

'

'

'

'

'

'

'

'

'

'

MORTGAGE_LOANS_AND_NOTES_PAYAB2

MORTGAGE LOANS AND NOTES PAYABLE (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Mortgage loans and notes payable	'	'
Carrying value	$196,544	'
Unamortized fair value adjustment	3,674	4,326
Total mortgage loans and notes payable	200,218	228,759
Net book value of self-storage facilities	2,155,170	2,089,707
YSI 7	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	2,962
Effective interest rate (as a percent)	6.50%	'
YSI 8	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	1,692
Effective interest rate (as a percent)	6.50%	'
YSI 9	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	1,862
Effective interest rate (as a percent)	6.50%	'
YSI 17	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	3,846
Effective interest rate (as a percent)	6.32%	'
YSI 27	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	461
Effective interest rate (as a percent)	5.59%	'
YSI 30	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	6,765
Effective interest rate (as a percent)	5.59%	'
USIFB	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	7,221
Effective interest rate (as a percent)	3.57%	'
YSI 11	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	2,276
Effective interest rate (as a percent)	5.87%	'
YSI 5	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	3,001
Effective interest rate (as a percent)	5.25%	'
YSI 28	'	'
Mortgage loans and notes payable	'	'
Carrying value	'	1,460
Effective interest rate (as a percent)	5.59%	'
YSI 10	'	'
Mortgage loans and notes payable	'	'
Carrying value	3,839	3,928
Effective interest rate (as a percent)	5.87%	'
YSI 15	'	'
Mortgage loans and notes payable	'	'
Carrying value	1,733	1,784
Effective interest rate (as a percent)	6.41%	'
YSI 52	'	'
Mortgage loans and notes payable	'	'
Carrying value	4,548	4,721
Effective interest rate (as a percent)	5.63%	'
YSI 58	'	'
Mortgage loans and notes payable	'	'
Carrying value	8,676	8,974
Effective interest rate (as a percent)	2.97%	'
YSI 29	'	'
Mortgage loans and notes payable	'	'
Carrying value	12,853	13,060
Effective interest rate (as a percent)	3.69%	'
YSI 13	'	'
Mortgage loans and notes payable	'	'
Carrying value	8,500	'
Effective interest rate (as a percent)	3.00%	'
YSI 20	'	'
Mortgage loans and notes payable	'	'
Carrying value	56,373	58,524
Effective interest rate (as a percent)	5.97%	'
YSI 59	'	'
Mortgage loans and notes payable	'	'
Carrying value	9,418	9,603
Effective interest rate (as a percent)	4.82%	'
YSI 60	'	'
Mortgage loans and notes payable	'	'
Carrying value	3,670	3,725
Effective interest rate (as a percent)	5.04%	'
YSI 51	'	'
Mortgage loans and notes payable	'	'
Carrying value	7,219	7,325
Effective interest rate (as a percent)	5.15%	'
YSI 35	'	'
Mortgage loans and notes payable	'	'
Carrying value	4,274	4,373
Effective interest rate (as a percent)	6.90%	'
Fixed interest rate period	'5 years	'
Constant interest rate period	'5 years	'
YSI 33	'	'
Mortgage loans and notes payable	'	'
Carrying value	10,688	10,930
Effective interest rate (as a percent)	6.42%	'
YSI 26	'	'
Mortgage loans and notes payable	'	'
Carrying value	8,945	9,102
Effective interest rate (as a percent)	4.56%	'
YSI 57	'	'
Mortgage loans and notes payable	'	'
Carrying value	3,140	3,195
Effective interest rate (as a percent)	4.61%	'
YSI 55	'	'
Mortgage loans and notes payable	'	'
Carrying value	24,145	24,502
Effective interest rate (as a percent)	4.85%	'
YSI 24	'	'
Mortgage loans and notes payable	'	'
Carrying value	28,523	29,141
Effective interest rate (as a percent)	4.64%	'
Mortgage Loans	'	'
Mortgage loans and notes payable	'	'
Net book value of self-storage facilities	$371,000	$440,000

MORTGAGE_LOANS_AND_NOTES_PAYAB3

MORTGAGE LOANS AND NOTES PAYABLE (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Future principal payment requirements on the outstanding mortgage loans and notes payable at year end	'	'
2014	$5,214,000	'
2015	95,397,000	'
2016	21,342,000	'
2017	1,915,000	'
2018	2,026,000	'
2019 and thereafter	70,650,000	'
Total mortgage payments	196,544,000	'
Plus: Unamortized fair value adjustment	3,674,000	'
Total mortgage indebtedness	200,218,000	228,759,000
Credit Facility	'	'
Mortgage loans and notes payable	'	'
Remaining borrowing capacity	$261,200,000	'

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Changes in accumulated other comprehensive income by component	'
Beginning balance	($19,796)
Other comprehensive gain before reclassifications	2,622
Amounts reclassified from accumulated other comprehensive loss	6,160
Net current-period other comprehensive income	8,782
Ending balance	-11,014
Unrealized losses on interest rate swaps	'
Changes in accumulated other comprehensive income by component	'
Beginning balance	-18,973
Other comprehensive gain before reclassifications	2,591
Amounts reclassified from accumulated other comprehensive loss	6,160
Net current-period other comprehensive income	8,751
Ending balance	-10,222
Unrealized loss on foreign currency translation	'
Changes in accumulated other comprehensive income by component	'
Beginning balance	-823
Other comprehensive gain before reclassifications	31
Net current-period other comprehensive income	31
Ending balance	($792)

RISK_MANAGEMENT_AND_USE_OF_FIN2

RISK MANAGEMENT AND USE OF FINANCIAL INSTRUMENTS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Derivative financial instruments	'	'
Unrealized losses reclassified from accumulated other comprehensive loss	$6,200,000	'
Amount estimated to be reclassified as an increase to interest expense	6,100,000	'
Designated | Cash flow	'	'
Derivative financial instruments	'	'
Notional Amount	400,000,000	'
Fair Value	-10,763,000	-19,665,000
Maximum number of days outstanding to have the option to borrow at the LIBOR	'30 days	'
Designated | Cash flow | Hedge Product, Swap one	'	'
Derivative financial instruments	'	'
Notional Amount	40,000,000	'
Swap, Strike rate (as a percent)	1.80%	'
Fair Value	-1,265,000	-1,873,000
Designated | Cash flow | Hedge Product, Swap two	'	'
Derivative financial instruments	'	'
Notional Amount	40,000,000	'
Swap, Strike rate (as a percent)	1.80%	'
Fair Value	-1,265,000	-1,875,000
Designated | Cash flow | Hedge Product, Swap three	'	'
Derivative financial instruments	'	'
Notional Amount	20,000,000	'
Swap, Strike rate (as a percent)	1.80%	'
Fair Value	-632,000	-937,000
Designated | Cash flow | Hedge Product, Swap four	'	'
Derivative financial instruments	'	'
Notional Amount	75,000,000	'
Swap, Strike rate (as a percent)	1.34%	'
Fair Value	-1,132,000	-2,378,000
Designated | Cash flow | Hedge Product, Swap five	'	'
Derivative financial instruments	'	'
Notional Amount	50,000,000	'
Swap, Strike rate (as a percent)	1.34%	'
Fair Value	-752,000	-1,583,000
Designated | Cash flow | Hedge Product, Swap six	'	'
Derivative financial instruments	'	'
Notional Amount	50,000,000	'
Swap, Strike rate (as a percent)	1.34%	'
Fair Value	-754,000	-1,583,000
Designated | Cash flow | Hedge Product, Swap seven	'	'
Derivative financial instruments	'	'
Notional Amount	25,000,000	'
Swap, Strike rate (as a percent)	1.34%	'
Fair Value	-380,000	-799,000
Designated | Cash flow | Hedge Product, Swap eight	'	'
Derivative financial instruments	'	'
Notional Amount	40,000,000	'
Swap, Strike rate (as a percent)	2.46%	'
Fair Value	-1,820,000	-3,433,000
Designated | Cash flow | Hedge Product, Swap nine	'	'
Derivative financial instruments	'	'
Notional Amount	40,000,000	'
Swap, Strike rate (as a percent)	2.47%	'
Fair Value	-1,842,000	-3,470,000
Designated | Cash flow | Hedge Product, Swap ten	'	'
Derivative financial instruments	'	'
Notional Amount	20,000,000	'
Swap, Strike rate (as a percent)	2.48%	'
Fair Value	($921,000)	($1,734,000)

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	12 Months Ended		12 Months Ended					12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012
			Interest rate swap	Level 2	Level 2	Level 2	Level 2	Level 3	Level 3	Level 3
			item			Interest rate swap	Interest rate swap	Nonrecurring basis	Nonrecurring basis	Nonrecurring basis
									Minimum	Maximum
Fair value of financial assets and liabilities carried at fair value	'	'	'	'	'	'	'	'	'	'
Derivative Liabilities	'	'	'	'	'	$10,763,000	$19,665,000	'	'	'
Total liabilities at fair value	'	'	'	10,763,000	19,665,000	'	'	'	'	'
Number of counterparties to derivative contracts who experienced significant downgrades in 2013	'	'	0	'	'	'	'	'	'	'
Gain from remeasurement of investment in real estate venture	7,023,000	'	'	'	'	'	'	7,000,000	'	'
Yield rates for determining the fair value of HSREV (as a percent)	'	'	'	'	'	'	'	'	6.00%	7.00%
Aggregate carrying value of total debt	1,023,800,000	1,138,800,000	'	'	'	'	'	'	'	'
Estimated fair value of total debt	$1,017,300,000	$1,140,900,000	'	'	'	'	'	'	'	'

NONCONTROLLING_INTERESTS_Detai

NONCONTROLLING INTERESTS (Details)	12 Months Ended				0 Months Ended		12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2008	Aug. 13, 2012	Aug. 13, 2009	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
	USD ($)	USIFB, LLP	USIFB, LLP	USIFB, LLP	HART	HART	SRLLC	SNL	Jamaica Ave	Jamaica Ave
		USD ($)	GBP (£)	property	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)	Jamaica Ave Member
		property	property			property		item		USD ($)
								property
Interests in Consolidated Real Estate Joint Ventures	'	'	'	'	'	'	'	'	'	'
Option to put ownership interest in the venture	'	'	'	'	'	'	'	'	'	$12,500,000
Period of option to call ownership interest of another member	'	'	'	'	'	'	'	'	'1 year	'
Option to call ownership interest of another member	'	'	'	'	'	'	'	'	12,500,000	'
Ownership interest held by the entity (as a percent)	'	97.00%	97.00%	97.00%	100.00%	'	90.00%	90.00%	51.00%	'
Number of self-storage facilities owned and operated	'	2	2	2	'	22	'	2	'	'
Total assets	'	11,800,000	'	'	'	'	13,600,000	3,800,000	6,300,000	'
Total liabilities	'	7,100,000	'	'	'	'	9,100,000	100,000	'	'
Carrying amount of mortgage loans	'	6,800,000	4,100,000	'	'	'	9,000,000	'	'	'
Cash contributed by Heitman, LLC	'	'	'	'	'	51,000,000	'	'	'	'
Properties contributed by the entity	'	'	'	'	'	102,000,000	'	'	'	'
Cash distribution received from joint venture	'	'	'	'	'	51,000,000	'	'	'	'
Minority ownership interest (as a percent)	'	'	'	'	'	50.00%	'	'	49.00%	'
Percentage of interest acquired in HART	'	'	'	'	50.00%	'	'	'	'	'
Number of entities formed	'	'	'	'	'	'	'	2	'	'
Purchase price paid for ownership interest in joint venture	'	'	'	'	61,100,000	'	'	'	'	'
Elimination of noncontrolling interest in subsidiaries due to acquisition	56,984,000	'	'	'	38,700,000	'	'	'	'	'
Reduction to additional paid in capital	'	'	'	'	$18,500,000	'	'	'	'	'

NONCONTROLLING_INTERESTS_Detai1

NONCONTROLLING INTERESTS (Details 2) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Partnership Ownership	'	'	'
Increase to OP units owned by third parties and a corresponding decrease to capital	$3,292	$19,520	$7,082
Operating Partnership	'	'	'
Operating Partnership Ownership	'	'	'
OP Units outstanding which are not owned by the general partner (as a percent)	1.60%	2.40%	'
Number of trading days used to determine average of the closing prices of the common shares	'10 days	'	'
OP units outstanding (in shares)	2,275,730	3,293,730	'
Increase to OP units owned by third parties and a corresponding decrease to capital	$3,292	$19,520	$7,082

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
RELATED PARTY TRANSACTIONS	'	'	'
Area of corporate office (in acres)	50	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Total future minimum rental payments due with the related party lease agreements	$71,401,000	'	'
Operating Partnership	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Total future cash receipts due from subtenants	300,000	'	'
Lease agreements with related parties | Operating Partnership	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Total future minimum rental payments due with the related party lease agreements	500,000	'	'
Lease agreements with related parties | Operating Partnership | Office space subject to lease	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Aggregate amount of lease payments incurred	500,000	500,000	'
Lease agreements with related parties | Operating Partnership | The Parkview Building 6745 Engle Road; and 6751 Engle Road	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Approximate Square Footage	21,900	'	'
Lease agreements with related parties | Operating Partnership | The Parkview Building 6745 Engle Road; and 6751 Engle Road | Minimum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Fixed rent per month	25,673	'	'
Lease agreements with related parties | Operating Partnership | The Parkview Building 6745 Engle Road; and 6751 Engle Road | Maximum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Fixed rent per month	31,205	'	'
Lease agreements with related parties | Operating Partnership | 6745 Engle Road Suite 100	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Approximate Square Footage	2,212	'	'
Lease agreements with related parties | Operating Partnership | 6745 Engle Road Suite 100 | Minimum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Fixed rent per month	3,051	'	'
Lease agreements with related parties | Operating Partnership | 6745 Engle Road Suite 100 | Maximum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Fixed rent per month	3,709	'	'
Lease agreements with related parties | Operating Partnership | 6745 Engle Road Suite 110	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Approximate Square Footage	1,731	'	'
Lease agreements with related parties | Operating Partnership | 6745 Engle Road Suite 110 | Minimum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Fixed rent per month	2,387	'	'
Lease agreements with related parties | Operating Partnership | 6745 Engle Road Suite 110 | Maximum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Fixed rent per month	2,901	'	'
Lease agreements with related parties | Operating Partnership | 6751 Engle Road Suites C and D	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Approximate Square Footage	3,000	'	'
Lease agreements with related parties | Operating Partnership | 6751 Engle Road Suites C and D | Minimum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Fixed rent per month	3,137	'	'
Lease agreements with related parties | Operating Partnership | 6751 Engle Road Suites C and D | Maximum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Fixed rent per month	3,771	'	'
Joint ventures related to affiliated real estate investments	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Management fee	100,000	200,000	100,000
Amount due to the entity from joint venture	2,100,000	1,300,000	'
Mortgage loans receivable from consolidated joint ventures	$15,800,000	'	'
Joint ventures related to affiliated real estate investments | Minimum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Management fee (as a percent)	5.00%	'	'
Joint ventures related to affiliated real estate investments | Maximum	'	'	'
RELATED PARTY TRANSACTIONS	'	'	'
Management fee (as a percent)	6.00%	'	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
COMMITMENTS AND CONTINGENCIES	'	'	'
Ground rent expense	$2,200,000	$1,200,000	$300,000
Total future minimum rental payments under non-cancelable ground leases	'	'	'
2014	1,329,000	'	'
2015	1,336,000	'	'
2016	1,329,000	'	'
2017	1,329,000	'	'
2018	1,242,000	'	'
2019 and thereafter	64,836,000	'	'
Total	71,401,000	'	'
Future milestone payments payable	$54,300,000	'	'
Self-storage facilities subject to ground lease	'	'	'
COMMITMENTS AND CONTINGENCIES	'	'	'
Number of operating self-storage facilities subject to a ground lease	5	'	'
Number of self-storage facilities under development subject to a ground lease	1	'	'
Self-storage facilities with parcels of land subject to ground lease	'	'	'
COMMITMENTS AND CONTINGENCIES	'	'	'
Number of operating self-storage facilities subject to a ground lease	4	'	'

SHAREBASED_COMPENSATION_PLANS_1

SHARE-BASED COMPENSATION PLANS (Details) (USD $)

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

12 Months Ended

In Millions, except Share data, unless otherwise specified

30-May-12

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

Jan. 25, 2013

Jan. 25, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Chief executive officer

Share Options

Share Options

Share Options

Share Options

Share Options

Restricted Shares

Restricted Shares

Restricted Shares

Restricted Shares

Restricted Shares

Restricted share units

Restricted share units

Plans

2007 Plan

2007 Plan

2007 Plan

2007 Plan

2007 Plan

2007 Plan

2004 Plan

2004 Plan

2004 Plan

2004 Plan

Minimum

Minimum

Maximum

Share Options

item

Minimum

Maximum

Options or share appreciation rights

Restricted shares or restricted share units

Restricted Shares

Options or share appreciation rights

Restricted shares or restricted share units

Other awards

Maximum

SHARE-BASED COMPENSATION PLANS

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum number of fungible units available for issuance (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,728,561

'

'

'

'

'

'

'

'

'

Additional fungible units available for grant upon expiration or forfeiture of options and restricted share awards

'

'

'

'

'

'

'

'

'

'

'

'

'

'

372,135

'

'

'

'

'

'

'

'

'

Share awards conversion ratio to be counted as units against the fungible pool limit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1

1.66

1

1.66

'

'

'

'

'

Number of ratios used to establish an average

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

Maximum percentage limit of the average of three ratios

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

Numerator used to expand the number of Full-Value awards

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.5

'

'

'

'

Maximum number of awards that may be granted to an individual per calendar year (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

400,000

100,000

250,000

Maximum number of shares reserved for issuance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,000,000

'

'

'

Maximum term of options

'

'

'

'

'

'

'

'

'

'

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

Assumptions used for estimating the fair value of share options using the Black-Scholes option-pricing model

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Risk-free interest rate (as a percent)

'

1.00%

2.00%

3.30%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected dividend yield (as a percent)

'

3.30%

4.50%

4.80%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Volatility (as a percent)

'

42.00%

52.22%

54.60%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average expected life of the options

'

'6 years

'9 years 7 months 2 days

'9 years 10 months 24 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average grant date fair value of options granted per share (in dollars per share)

'

$4.28

$3.94

$3.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share options, additional general disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Compensation expense recognized (in dollars)

'

$0.90

$1.20

$1.50

'

'

$5.40

$3.90

$2.20

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate grant date fair value of share based awards issued (in dollars)

3

0.8

'

'

'

'

3.4

6.9

'

'

'

0.8

0.8

'

'

'

'

'

'

'

'

'

'

'

Vesting period

'

'

'

'

'

'3 years

'

'

'

'3 years

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrecognized compensation cost

'

0.9

'

'

'

'

3.2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrecognized compensation cost recorded, period

'

'4 years

'

'

'

'

'4 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Shares Under Option

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the beginning of the period (in shares)

'

5,257,864

5,255,718

5,013,760

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options granted (in shares)

'

182,297

222,421

346,882

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options canceled (in shares)

'

-24,000

-10,375

-80,924

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options exercised (in shares)

'

-511,548

-209,900

-24,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the end of the period (in shares)

'

4,904,613

5,257,864

5,255,718

5,013,760

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vested or expected to vest at the end of the period (in shares)

'

4,904,613

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercisable at the end of the period (in shares)

'

4,462,447

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Exercise Price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the beginning of the period (in dollars per share)

'

$10.50

$10.35

$10.38

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options granted (in dollars per share)

'

$14.84

$11.48

$9.38

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options canceled (in dollars per share)

'

$13.57

$9.01

$9.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options exercised (in dollars per share)

'

$7.24

$7.89

$5.06

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the end of the period (in dollars per share)

'

$10.99

$10.50

$10.35

$10.38

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercisable at the end of the period (in dollars per share)

'

$10.87

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vested or expected to vest at the end of the period (in dollars per share)

'

$10.99

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Remaining Contractual Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the beginning of the period

'

'4 years 7 months 28 days

'5 years 5 months 26 days

'6 years 3 months 29 days

'7 years 2 months 5 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options granted

'

'9 years 29 days

'9 years 1 month 20 days

'9 years 1 month 10 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options exercised

'

'4 years 6 months 11 days

'6 years 29 days

'6 years 10 months 2 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the end of the period

'

'4 years 7 months 28 days

'5 years 5 months 26 days

'6 years 3 months 29 days

'7 years 2 months 5 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vested or expected to vest at the end of the period

'

'4 years 7 months 28 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercisable at the end of the period

'

'4 years 3 months 22 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate intrinsic value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options, vested or expected to vest and exercisable (in dollars)

'

15.1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options exercised (in dollars)

'

$4.80

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Non-Vested Restricted Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-vested at the beginning of the period (in shares)

'

'

'

'

'

'

853,140

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

274,668

'

'

'

'

'

219,338

595,000

'

'

'

41,503

49,981

'

'

'

'

'

'

'

'

'

'

'

Vested (in shares)

'

'

'

'

'

'

-350,328

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Forfeited (in shares)

'

'

'

'

'

'

-10,519

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-vested at the end of the period (in shares)

'

'

'

'

'

'

711,631

853,140

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted share, additional disclosure

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period for calculation of total return to shareholders

'2 years

'

'

'

'

'

'

'

'

'

'

'3 years

'3 years

'

'

'

'

'

'

'

'

'

'

'

EARNINGS_PER_SHARE_AND_UNIT_AN2

EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL	'	'	'	'	'	'	'	'	'	'	'
Income (Loss) from continuing operations	'	'	'	'	'	'	'	'	$10,409	($13,276)	($13,400)
Noncontrolling interests in the Operating Partnership	'	'	'	'	'	'	'	'	-51	513	694
Noncontrolling interest in subsidiaries	'	'	'	'	'	'	'	'	42	-1,918	-2,810
Distribution to preferred shareholders	'	'	'	'	'	'	'	'	-6,008	-6,008	-1,218
Income (Loss) from continuing operations attributable to the Company's common shareholders	'	'	'	'	'	'	'	'	4,392	-20,689	-16,734
Total discontinued operations	'	'	'	'	'	'	'	'	31,585	16,904	15,847
Noncontrolling interests in the Operating Partnership	'	'	'	'	'	'	'	'	-537	-406	-729
Total discontinued operations attributable to the Company's common shareholders	'	'	'	'	'	'	'	'	31,048	16,498	15,118
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS	'	'	'	'	'	'	'	'	$35,440	($4,191)	($1,616)
Weighted-average shares outstanding (in shares)	'	'	'	'	'	'	'	'	135,191,000	124,548,000	102,976,000
Share options and restricted share units (in shares)	'	'	'	'	'	'	'	'	2,551,000	'	'
Weighted-average diluted shares outstanding (in shares)	'	'	'	'	'	'	'	'	137,742,000	124,548,000	102,976,000
Earnings (loss) per common share	'	'	'	'	'	'	'	'	'	'	'
Continuing operations (in dollars per share)	'	'	'	'	'	'	'	'	$0.03	($0.17)	($0.16)
Discontinued operations (in dollars per share)	'	'	'	'	'	'	'	'	$0.23	$0.14	$0.14
Basic and diluted earnings (loss) per common share (in dollars per share)	$0.15	$0.11	$0.01	($0.01)	$0	$0	$0.01	($0.04)	$0.26	($0.03)	($0.02)
Preferred stock, cash dividends declared (in dollars per share)	'	'	'	'	'	'	'	'	$1.94	$1.94	$0.39
Potentially dilutive shares not included in the earnings per share calculation as their effect is antidilutive (in shares)	'	'	'	'	'	'	'	'	'	2,000,000	1,378,000
Potential dilutive securities included in the calculation of diluted earnings per share (in shares)	'	'	'	'	'	'	'	'	2,551,000	'	'
Common stock, cash dividends declared (in dollars per share)	'	'	'	'	'	'	'	'	$0.46	$0.35	$0.29
Outstanding units of noncontrolling interest in the Operating Partnership (in shares)	2,275,730	'	'	'	3,293,730	'	'	'	2,275,730	3,293,730	4,674,136
Common shares outstanding	139,328,366	'	'	'	131,794,547	'	'	'	139,328,366	131,794,547	'

EARNINGS_PER_SHARE_AND_UNIT_AN3

EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Issuance of Common and Preferred Shares	'	'	'
Net proceeds from sale of common shares	$100,287,000	$102,079,000	$204,019,000
Common Shares | Previous Sales Agreement | Maximum	'	'	'
Issuance of Common and Preferred Shares	'	'	'
Number of shares that may be sold	20,000,000	'	'
Common Shares | Equity Distribution Agreements	'	'	'
Issuance of Common and Preferred Shares	'	'	'
Number of common stock sold (in shares)	5,700,000	'	'
Average sales price per common share (in dollars per share)	$17.92	'	'
Gross Proceeds from sale of common shares	102,100,000	'	'
Offering costs	$1,800,000	'	'
Common shares remained available for issuance	6,400,000	'	'
Common Shares | Equity Distribution Agreements | Maximum	'	'	'
Issuance of Common and Preferred Shares	'	'	'
Number of shares that may be sold	12,000,000	'	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
INCOME TAXES	'	'
Valuation allowance	$0	$0
Deferred tax assets, net	700,000	700,000
Effective income tax rate	'	'
Statutory federal income tax rate (as a percent)	34.00%	34.00%
State and local income taxes (as a percent)	4.00%	4.00%
Effective income tax rate (as a percent)	38.00%	38.00%
Assets	'	'
Share based compensation	2,379,000	3,684,000
Other	461,000	400,000
Deferred taxes	2,840,000	4,084,000
Liabilities	'	'
Share based compensation	2,175,000	3,347,000
Deferred taxes	$2,175,000	$3,347,000

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
									property	property	property
DISCONTINUED OPERATIONS	'	'	'	'	'	'	'	'	'	'	'
Number of properties related to discontinued operations	'	'	'	'	'	'	'	'	35	26	19
REVENUES	'	'	'	'	'	'	'	'	'	'	'
Rental income	'	'	'	'	'	'	'	'	$281,250	$236,160	$188,249
Other property related income	'	'	'	'	'	'	'	'	32,365	25,821	18,987
Total revenues	82,964	82,487	78,289	74,655	73,075	69,050	63,649	60,548	318,395	266,322	211,004
OPERATING EXPENSES	'	'	'	'	'	'	'	'	'	'	'
Property operating expenses	'	'	'	'	'	'	'	'	118,222	103,488	87,570
Depreciation and amortization	'	'	'	'	'	'	'	'	112,313	109,830	61,972
Total operating expenses	64,180	65,785	64,377	65,756	64,559	62,492	57,644	54,754	260,098	239,449	174,235
OPERATING INCOME	'	'	'	'	'	'	'	'	58,297	26,873	36,769
OTHER (EXPENSE) INCOME	'	'	'	'	'	'	'	'	'	'	'
Interest expense on loans	'	'	'	'	'	'	'	'	-40,424	-40,318	-32,787
Gain from disposition of discontinued operations	'	'	'	'	'	'	'	'	27,440	9,811	3,903
Total discontinued operations	'	'	'	'	'	'	'	'	31,585	16,904	15,847
Discontinued operations	'	'	'	'	'	'	'	'	'	'	'
REVENUES	'	'	'	'	'	'	'	'	'	'	'
Rental income	'	'	'	'	'	'	'	'	10,795	21,077	27,958
Other property related income	'	'	'	'	'	'	'	'	1,583	2,703	5,138
Total revenues	'	'	'	'	'	'	'	'	12,378	23,780	33,096
OPERATING EXPENSES	'	'	'	'	'	'	'	'	'	'	'
Property operating expenses	'	'	'	'	'	'	'	'	5,318	10,742	13,630
Depreciation and amortization	'	'	'	'	'	'	'	'	2,703	5,548	7,110
Total operating expenses	'	'	'	'	'	'	'	'	8,021	16,290	20,740
OPERATING INCOME	'	'	'	'	'	'	'	'	4,357	7,490	12,356
OTHER (EXPENSE) INCOME	'	'	'	'	'	'	'	'	'	'	'
Interest expense on loans	'	'	'	'	'	'	'	'	-212	-397	-412
Gain from disposition of discontinued operations	'	'	'	'	'	'	'	'	27,440	9,811	3,903
Total discontinued operations	'	'	'	'	'	'	'	'	$31,585	$16,904	$15,847

PRO_FORMA_FINANCIAL_INFORMATIO2

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Details) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Consolidated results of operations on a pro forma basis	'	'	'
Pro forma revenue	$328,501	$306,006	'
Pro forma income from continuing operations	40,616	15,784	'
Earnings (Loss) per common share from continuing operations:	'	'	'
Basic and diluted - as reported (in dollars per share)	$0.03	($0.17)	($0.16)
Basic and diluted - as pro forma (in dollars per share)	$0.25	$0.06	'
Self-storage facilities	'	'	'
Self-storage facilities	'	'	'
Number of self-storage facilities acquired (in properties)	20	'	'
Aggregate purchase price of acquisition	$189,800	'	'

SELECTED_QUARTERLY_FINANCIAL_D2

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Quarterly financial information	'	'	'	'	'	'	'	'	'	'	'
Total revenues	$82,964	$82,487	$78,289	$74,655	$73,075	$69,050	$63,649	$60,548	$318,395	$266,322	$211,004
Total operating expenses	64,180	65,785	64,377	65,756	64,559	62,492	57,644	54,754	260,098	239,449	174,235
Net (loss) income attributable to the company	$22,948	$16,342	$2,550	($392)	$1,481	$1,636	$2,543	($3,843)	$41,448	$1,817	($398)
Basic and diluted (loss) earnings per share (in dollars per share)	$0.15	$0.11	$0.01	($0.01)	$0	$0	$0.01	($0.04)	$0.26	($0.03)	($0.02)

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	property	property	property
Acquisitions	'	'	'
Subsequent Events	'	'	'
Number of facilities acquired	20	37	27
Purchase price of acquisition	$189,822,000	$432,340,000	$467,147,000
Subsequent event | Acquisitions	'	'	'
Subsequent Events	'	'	'
Purchase price of acquisition	73,000,000	'	'
Debt assumption in acquisition	$26,000,000	'	'
Subsequent event | California	'	'	'
Subsequent Events	'	'	'
Number of facilities acquired	1	'	'
Subsequent event | Connecticut	'	'	'
Subsequent Events	'	'	'
Number of facilities acquired	1	'	'
Subsequent event | Florida	'	'	'
Subsequent Events	'	'	'
Number of facilities acquired	3	'	'
Number of facilities for which debt is assumed	2	'	'
Subsequent event | Maryland	'	'	'
Subsequent Events	'	'	'
Number of facilities acquired	2	'	'
Number of facilities for which debt is assumed	2	'	'

SCHEDULE_III_REAL_ESTATE_AND_R1

SCHEDULE III REAL ESTATE AND RELATED DEPRECIATION (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
	sqft
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	24,662,105
Initial cost	'
Land	$444,764
Building and Improvements	1,893,779
Costs Subsequent to Acquisition	217,815
Gross Carrying Amount at year end	'
Land	465,680
Building and Improvements	1,888,823
Total	2,354,503
Accumulated Depreciation	379,704
Minimum	'
Gross Carrying Amount at year end	'
Estimated useful lives	'5 years
Maximum	'
Gross Carrying Amount at year end	'
Estimated useful lives	'39 years
YSI 20 Loan	'
REAL ESTATE AND RELATED DEPRECIATION	'
Encumbrances	56,373
YSI 33 Loan	'
REAL ESTATE AND RELATED DEPRECIATION	'
Encumbrances	10,688
YSI 35 Loan	'
REAL ESTATE AND RELATED DEPRECIATION	'
Encumbrances	4,274
Chandler I, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,520
Initial cost	'
Land	327
Building and Improvements	1,257
Costs Subsequent to Acquisition	266
Gross Carrying Amount at year end	'
Land	327
Building and Improvements	1,368
Total	1,695
Accumulated Depreciation	389
Chandler II, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	83,859
Initial cost	'
Land	1,518
Building and Improvements	7,485
Costs Subsequent to Acquisition	6
Gross Carrying Amount at year end	'
Land	1,518
Building and Improvements	7,491
Total	9,009
Accumulated Depreciation	414
Gilbert, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,430
Initial cost	'
Land	951
Building and Improvements	4,688
Costs Subsequent to Acquisition	8
Gross Carrying Amount at year end	'
Land	951
Building and Improvements	4,696
Total	5,647
Accumulated Depreciation	1,267
Glendale, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	56,807
Initial cost	'
Land	201
Building and Improvements	2,265
Costs Subsequent to Acquisition	1,006
Gross Carrying Amount at year end	'
Land	418
Building and Improvements	2,721
Total	3,139
Accumulated Depreciation	1,228
Green Valley, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	25,200
Initial cost	'
Land	298
Building and Improvements	1,153
Costs Subsequent to Acquisition	129
Gross Carrying Amount at year end	'
Land	298
Building and Improvements	1,072
Total	1,370
Accumulated Depreciation	288
Mesa I, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,375
Initial cost	'
Land	920
Building and Improvements	2,739
Costs Subsequent to Acquisition	173
Gross Carrying Amount at year end	'
Land	921
Building and Improvements	2,466
Total	3,387
Accumulated Depreciation	668
Mesa II, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	45,461
Initial cost	'
Land	731
Building and Improvements	2,176
Costs Subsequent to Acquisition	181
Gross Carrying Amount at year end	'
Land	731
Building and Improvements	2,042
Total	2,773
Accumulated Depreciation	544
Mesa III, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,264
Initial cost	'
Land	706
Building and Improvements	2,101
Costs Subsequent to Acquisition	168
Gross Carrying Amount at year end	'
Land	706
Building and Improvements	1,885
Total	2,591
Accumulated Depreciation	521
Phoenix I, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	100,775
Initial cost	'
Land	1,134
Building and Improvements	3,376
Costs Subsequent to Acquisition	316
Gross Carrying Amount at year end	'
Land	1,135
Building and Improvements	3,043
Total	4,178
Accumulated Depreciation	842
Phoenix II, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	83,415
Initial cost	'
Land	756
Building and Improvements	2,251
Costs Subsequent to Acquisition	1,498
Gross Carrying Amount at year end	'
Land	847
Building and Improvements	3,053
Total	3,900
Accumulated Depreciation	679
Scottsdale, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	79,825
Initial cost	'
Land	443
Building and Improvements	4,879
Costs Subsequent to Acquisition	1,691
Gross Carrying Amount at year end	'
Land	883
Building and Improvements	5,472
Total	6,355
Accumulated Depreciation	2,457
Tempe I, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	53,890
Initial cost	'
Land	749
Building and Improvements	2,159
Costs Subsequent to Acquisition	194
Gross Carrying Amount at year end	'
Land	749
Building and Improvements	2,049
Total	2,798
Accumulated Depreciation	530
Tempe II, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	35,125
Initial cost	'
Land	588
Building and Improvements	2,898
Costs Subsequent to Acquisition	12
Gross Carrying Amount at year end	'
Land	588
Building and Improvements	2,910
Total	3,498
Accumulated Depreciation	495
Tucson I, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,500
Initial cost	'
Land	188
Building and Improvements	2,078
Costs Subsequent to Acquisition	950
Gross Carrying Amount at year end	'
Land	384
Building and Improvements	2,574
Total	2,958
Accumulated Depreciation	1,149
Tucson II, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	43,850
Initial cost	'
Land	188
Building and Improvements	2,078
Costs Subsequent to Acquisition	1,019
Gross Carrying Amount at year end	'
Land	391
Building and Improvements	2,621
Total	3,012
Accumulated Depreciation	1,102
Tucson III, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	49,832
Initial cost	'
Land	532
Building and Improvements	2,048
Costs Subsequent to Acquisition	225
Gross Carrying Amount at year end	'
Land	533
Building and Improvements	1,912
Total	2,445
Accumulated Depreciation	504
Tucson IV, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,040
Initial cost	'
Land	674
Building and Improvements	2,595
Costs Subsequent to Acquisition	249
Gross Carrying Amount at year end	'
Land	675
Building and Improvements	2,423
Total	3,098
Accumulated Depreciation	641
Tucson V, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	45,134
Initial cost	'
Land	515
Building and Improvements	1,980
Costs Subsequent to Acquisition	324
Gross Carrying Amount at year end	'
Land	515
Building and Improvements	1,948
Total	2,463
Accumulated Depreciation	503
Tucson VI, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	40,814
Initial cost	'
Land	440
Building and Improvements	1,692
Costs Subsequent to Acquisition	193
Gross Carrying Amount at year end	'
Land	430
Building and Improvements	1,588
Total	2,018
Accumulated Depreciation	425
Tucson VII, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,638
Initial cost	'
Land	670
Building and Improvements	2,576
Costs Subsequent to Acquisition	224
Gross Carrying Amount at year end	'
Land	670
Building and Improvements	2,389
Total	3,059
Accumulated Depreciation	653
Tucson VIII, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,550
Initial cost	'
Land	589
Building and Improvements	2,265
Costs Subsequent to Acquisition	263
Gross Carrying Amount at year end	'
Land	589
Building and Improvements	2,177
Total	2,766
Accumulated Depreciation	558
Tucson IX, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	67,545
Initial cost	'
Land	724
Building and Improvements	2,786
Costs Subsequent to Acquisition	346
Gross Carrying Amount at year end	'
Land	725
Building and Improvements	2,616
Total	3,341
Accumulated Depreciation	708
Tucson X, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,250
Initial cost	'
Land	424
Building and Improvements	1,633
Costs Subsequent to Acquisition	198
Gross Carrying Amount at year end	'
Land	425
Building and Improvements	1,522
Total	1,947
Accumulated Depreciation	411
Tucson XI, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	42,700
Initial cost	'
Land	439
Building and Improvements	1,689
Costs Subsequent to Acquisition	382
Gross Carrying Amount at year end	'
Land	439
Building and Improvements	1,782
Total	2,221
Accumulated Depreciation	490
Tucson XII, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	42,225
Initial cost	'
Land	671
Building and Improvements	2,582
Costs Subsequent to Acquisition	280
Gross Carrying Amount at year end	'
Land	672
Building and Improvements	2,449
Total	3,121
Accumulated Depreciation	632
Tucson XIII, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	45,800
Initial cost	'
Land	587
Building and Improvements	2,258
Costs Subsequent to Acquisition	252
Gross Carrying Amount at year end	'
Land	587
Building and Improvements	2,148
Total	2,735
Accumulated Depreciation	564
Tucson XIV, AZ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	49,095
Initial cost	'
Land	707
Building and Improvements	2,721
Costs Subsequent to Acquisition	452
Gross Carrying Amount at year end	'
Land	708
Building and Improvements	2,639
Total	3,347
Accumulated Depreciation	683
Benicia, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	74,770
Initial cost	'
Land	2,392
Building and Improvements	7,028
Costs Subsequent to Acquisition	133
Gross Carrying Amount at year end	'
Land	2,392
Building and Improvements	6,088
Total	8,480
Accumulated Depreciation	1,590
Citrus Heights, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,620
Initial cost	'
Land	1,633
Building and Improvements	4,793
Costs Subsequent to Acquisition	210
Gross Carrying Amount at year end	'
Land	1,634
Building and Improvements	4,262
Total	5,896
Accumulated Depreciation	1,150
Diamond Bar, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	102,984
Initial cost	'
Land	2,522
Building and Improvements	7,404
Costs Subsequent to Acquisition	159
Gross Carrying Amount at year end	'
Land	2,524
Building and Improvements	6,471
Total	8,995
Accumulated Depreciation	1,766
Escondido, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	142,645
Initial cost	'
Land	3,040
Building and Improvements	11,804
Costs Subsequent to Acquisition	147
Gross Carrying Amount at year end	'
Land	3,040
Building and Improvements	9,597
Total	12,637
Accumulated Depreciation	1,915
Fallbrook, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,420
Initial cost	'
Land	133
Building and Improvements	1,492
Costs Subsequent to Acquisition	1,733
Gross Carrying Amount at year end	'
Land	432
Building and Improvements	2,726
Total	3,158
Accumulated Depreciation	1,061
Lancaster, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,675
Initial cost	'
Land	390
Building and Improvements	2,247
Costs Subsequent to Acquisition	953
Gross Carrying Amount at year end	'
Land	556
Building and Improvements	2,700
Total	3,256
Accumulated Depreciation	929
Long Beach, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	125,121
Initial cost	'
Land	3,138
Building and Improvements	14,368
Costs Subsequent to Acquisition	406
Gross Carrying Amount at year end	'
Land	3,138
Building and Improvements	12,863
Total	16,001
Accumulated Depreciation	3,245
Murrieta, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	49,855
Initial cost	'
Land	1,883
Building and Improvements	5,532
Costs Subsequent to Acquisition	131
Gross Carrying Amount at year end	'
Land	1,903
Building and Improvements	4,798
Total	6,701
Accumulated Depreciation	1,255
North Highlands, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,094
Initial cost	'
Land	868
Building and Improvements	2,546
Costs Subsequent to Acquisition	336
Gross Carrying Amount at year end	'
Land	868
Building and Improvements	2,437
Total	3,305
Accumulated Depreciation	656
Orangevale, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,392
Initial cost	'
Land	1,423
Building and Improvements	4,175
Costs Subsequent to Acquisition	255
Gross Carrying Amount at year end	'
Land	1,423
Building and Improvements	3,769
Total	5,192
Accumulated Depreciation	1,022
Pleasanton, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	85,045
Initial cost	'
Land	2,799
Building and Improvements	8,222
Costs Subsequent to Acquisition	51
Gross Carrying Amount at year end	'
Land	2,799
Building and Improvements	7,030
Total	9,829
Accumulated Depreciation	1,838
Rancho Cordova, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	53,978
Initial cost	'
Land	1,094
Building and Improvements	3,212
Costs Subsequent to Acquisition	231
Gross Carrying Amount at year end	'
Land	1,095
Building and Improvements	2,935
Total	4,030
Accumulated Depreciation	796
Rialto I, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,391
Initial cost	'
Land	899
Building and Improvements	4,118
Costs Subsequent to Acquisition	174
Gross Carrying Amount at year end	'
Land	899
Building and Improvements	3,722
Total	4,621
Accumulated Depreciation	941
Rialto II, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	99,783
Initial cost	'
Land	277
Building and Improvements	3,098
Costs Subsequent to Acquisition	1,703
Gross Carrying Amount at year end	'
Land	672
Building and Improvements	4,025
Total	4,697
Accumulated Depreciation	1,783
Riverside I, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	67,120
Initial cost	'
Land	1,351
Building and Improvements	6,183
Costs Subsequent to Acquisition	390
Gross Carrying Amount at year end	'
Land	1,351
Building and Improvements	5,741
Total	7,092
Accumulated Depreciation	1,424
Riverside II, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	85,426
Initial cost	'
Land	1,170
Building and Improvements	5,359
Costs Subsequent to Acquisition	318
Gross Carrying Amount at year end	'
Land	1,170
Building and Improvements	4,943
Total	6,113
Accumulated Depreciation	1,246
Roseville, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,869
Initial cost	'
Land	1,284
Building and Improvements	3,767
Costs Subsequent to Acquisition	310
Gross Carrying Amount at year end	'
Land	1,284
Building and Improvements	3,493
Total	4,777
Accumulated Depreciation	960
Sacramento I, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,714
Initial cost	'
Land	1,152
Building and Improvements	3,380
Costs Subsequent to Acquisition	223
Gross Carrying Amount at year end	'
Land	1,152
Building and Improvements	3,055
Total	4,207
Accumulated Depreciation	838
Sacramento II, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	61,888
Initial cost	'
Land	1,406
Building and Improvements	4,128
Costs Subsequent to Acquisition	212
Gross Carrying Amount at year end	'
Land	1,407
Building and Improvements	3,691
Total	5,098
Accumulated Depreciation	992
San Bernardino I, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	31,070
Initial cost	'
Land	51
Building and Improvements	572
Costs Subsequent to Acquisition	1,148
Gross Carrying Amount at year end	'
Land	182
Building and Improvements	1,403
Total	1,585
Accumulated Depreciation	526
San Bernardino II, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	41,546
Initial cost	'
Land	112
Building and Improvements	1,251
Costs Subsequent to Acquisition	1,177
Gross Carrying Amount at year end	'
Land	306
Building and Improvements	1,900
Total	2,206
Accumulated Depreciation	801
San Bernardino III, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	35,416
Initial cost	'
Land	98
Building and Improvements	1,093
Costs Subsequent to Acquisition	1,189
Gross Carrying Amount at year end	'
Land	242
Building and Improvements	1,800
Total	2,042
Accumulated Depreciation	690
San Bernardino IV, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	83,057
Initial cost	'
Land	1,872
Building and Improvements	5,391
Costs Subsequent to Acquisition	84
Gross Carrying Amount at year end	'
Land	1,872
Building and Improvements	4,758
Total	6,630
Accumulated Depreciation	1,279
San Bernardino V, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,595
Initial cost	'
Land	783
Building and Improvements	3,583
Costs Subsequent to Acquisition	440
Gross Carrying Amount at year end	'
Land	783
Building and Improvements	3,496
Total	4,279
Accumulated Depreciation	892
San Bernardino VII, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	78,729
Initial cost	'
Land	1,475
Building and Improvements	6,753
Costs Subsequent to Acquisition	250
Gross Carrying Amount at year end	'
Land	1,290
Building and Improvements	6,257
Total	7,547
Accumulated Depreciation	1,590
San Bernardino VIII, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	95,604
Initial cost	'
Land	1,691
Building and Improvements	7,741
Costs Subsequent to Acquisition	393
Gross Carrying Amount at year end	'
Land	1,692
Building and Improvements	6,192
Total	7,884
Accumulated Depreciation	2,465
San Marcos, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	37,430
Initial cost	'
Land	775
Building and Improvements	2,288
Costs Subsequent to Acquisition	116
Gross Carrying Amount at year end	'
Land	776
Building and Improvements	2,040
Total	2,816
Accumulated Depreciation	554
Santa Ana, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	63,816
Initial cost	'
Land	1,223
Building and Improvements	5,600
Costs Subsequent to Acquisition	256
Gross Carrying Amount at year end	'
Land	1,223
Building and Improvements	5,082
Total	6,305
Accumulated Depreciation	1,288
South Sacramento, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,565
Initial cost	'
Land	790
Building and Improvements	2,319
Costs Subsequent to Acquisition	231
Gross Carrying Amount at year end	'
Land	791
Building and Improvements	2,154
Total	2,945
Accumulated Depreciation	587
Spring Valley, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	55,045
Initial cost	'
Land	1,178
Building and Improvements	5,394
Costs Subsequent to Acquisition	524
Gross Carrying Amount at year end	'
Land	1,178
Building and Improvements	5,174
Total	6,352
Accumulated Depreciation	1,323
Temecula I, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	81,310
Initial cost	'
Land	660
Building and Improvements	4,735
Costs Subsequent to Acquisition	1,210
Gross Carrying Amount at year end	'
Land	899
Building and Improvements	5,388
Total	6,287
Accumulated Depreciation	1,219
Temecula II, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	84,318
Initial cost	'
Land	3,080
Building and Improvements	5,839
Costs Subsequent to Acquisition	192
Gross Carrying Amount at year end	'
Land	3,080
Building and Improvements	5,102
Total	8,182
Accumulated Depreciation	1,018
Vista I, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	74,405
Initial cost	'
Land	711
Building and Improvements	4,076
Costs Subsequent to Acquisition	2,275
Gross Carrying Amount at year end	'
Land	1,118
Building and Improvements	5,424
Total	6,542
Accumulated Depreciation	1,757
Vista II, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	147,941
Initial cost	'
Land	4,629
Building and Improvements	13,599
Costs Subsequent to Acquisition	139
Gross Carrying Amount at year end	'
Land	4,629
Building and Improvements	11,707
Total	16,336
Accumulated Depreciation	3,056
Walnut, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,708
Initial cost	'
Land	1,578
Building and Improvements	4,635
Costs Subsequent to Acquisition	224
Gross Carrying Amount at year end	'
Land	1,595
Building and Improvements	4,120
Total	5,715
Accumulated Depreciation	1,070
West Sacramento, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	40,015
Initial cost	'
Land	1,222
Building and Improvements	3,590
Costs Subsequent to Acquisition	148
Gross Carrying Amount at year end	'
Land	1,222
Building and Improvements	3,189
Total	4,411
Accumulated Depreciation	835
Westminster, CA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	68,428
Initial cost	'
Land	1,740
Building and Improvements	5,142
Costs Subsequent to Acquisition	291
Gross Carrying Amount at year end	'
Land	1,743
Building and Improvements	4,550
Total	6,293
Accumulated Depreciation	1,252
Aurora, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,867
Initial cost	'
Land	1,343
Building and Improvements	2,986
Costs Subsequent to Acquisition	274
Gross Carrying Amount at year end	'
Land	1,343
Building and Improvements	2,726
Total	4,069
Accumulated Depreciation	715
Colorado Springs I, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,975
Initial cost	'
Land	771
Building and Improvements	1,717
Costs Subsequent to Acquisition	329
Gross Carrying Amount at year end	'
Land	771
Building and Improvements	1,704
Total	2,475
Accumulated Depreciation	434
Colorado Springs II, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	62,400
Encumbrances	1,733
Initial cost	'
Land	657
Building and Improvements	2,674
Costs Subsequent to Acquisition	207
Gross Carrying Amount at year end	'
Land	656
Building and Improvements	2,394
Total	3,050
Accumulated Depreciation	600
Denver I, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,200
Initial cost	'
Land	673
Building and Improvements	2,741
Costs Subsequent to Acquisition	183
Gross Carrying Amount at year end	'
Land	671
Building and Improvements	2,434
Total	3,105
Accumulated Depreciation	661
Denver II, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	74,435
Initial cost	'
Land	1,430
Building and Improvements	7,053
Costs Subsequent to Acquisition	36
Gross Carrying Amount at year end	'
Land	1,430
Building and Improvements	7,088
Total	8,518
Accumulated Depreciation	283
Federal Heights, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,770
Initial cost	'
Land	878
Building and Improvements	1,953
Costs Subsequent to Acquisition	234
Gross Carrying Amount at year end	'
Land	879
Building and Improvements	1,793
Total	2,672
Accumulated Depreciation	456
Golden, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	87,800
Initial cost	'
Land	1,683
Building and Improvements	3,744
Costs Subsequent to Acquisition	382
Gross Carrying Amount at year end	'
Land	1,684
Building and Improvements	3,456
Total	5,140
Accumulated Depreciation	886
Littleton, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	53,490
Initial cost	'
Land	1,268
Building and Improvements	2,820
Costs Subsequent to Acquisition	197
Gross Carrying Amount at year end	'
Land	1,268
Building and Improvements	2,509
Total	3,777
Accumulated Depreciation	634
Northglenn, CO	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,102
Initial cost	'
Land	862
Building and Improvements	1,917
Costs Subsequent to Acquisition	360
Gross Carrying Amount at year end	'
Land	862
Building and Improvements	1,863
Total	2,725
Accumulated Depreciation	460
Bloomfield, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,700
Initial cost	'
Land	78
Building and Improvements	880
Costs Subsequent to Acquisition	2,278
Gross Carrying Amount at year end	'
Land	360
Building and Improvements	2,584
Total	2,944
Accumulated Depreciation	1,010
Branford, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,679
Initial cost	'
Land	217
Building and Improvements	2,433
Costs Subsequent to Acquisition	1,271
Gross Carrying Amount at year end	'
Land	504
Building and Improvements	3,011
Total	3,515
Accumulated Depreciation	1,600
Bristol, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,725
Initial cost	'
Land	1,819
Building and Improvements	3,161
Costs Subsequent to Acquisition	58
Gross Carrying Amount at year end	'
Land	1,819
Building and Improvements	2,754
Total	4,573
Accumulated Depreciation	825
East Windsor, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,016
Initial cost	'
Land	744
Building and Improvements	1,294
Costs Subsequent to Acquisition	447
Gross Carrying Amount at year end	'
Land	744
Building and Improvements	1,470
Total	2,214
Accumulated Depreciation	433
Enfield, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,875
Initial cost	'
Land	424
Building and Improvements	2,424
Costs Subsequent to Acquisition	386
Gross Carrying Amount at year end	'
Land	473
Building and Improvements	2,219
Total	2,692
Accumulated Depreciation	856
Gales Ferry, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,230
Initial cost	'
Land	240
Building and Improvements	2,697
Costs Subsequent to Acquisition	1,440
Gross Carrying Amount at year end	'
Land	489
Building and Improvements	3,461
Total	3,950
Accumulated Depreciation	1,474
Manchester I, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,025
Initial cost	'
Land	540
Building and Improvements	3,096
Costs Subsequent to Acquisition	351
Gross Carrying Amount at year end	'
Land	563
Building and Improvements	2,674
Total	3,237
Accumulated Depreciation	1,080
Manchester II, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,725
Initial cost	'
Land	996
Building and Improvements	1,730
Costs Subsequent to Acquisition	246
Gross Carrying Amount at year end	'
Land	996
Building and Improvements	1,669
Total	2,665
Accumulated Depreciation	480
Milford, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	44,885
Initial cost	'
Land	87
Building and Improvements	1,050
Costs Subsequent to Acquisition	1,122
Gross Carrying Amount at year end	'
Land	274
Building and Improvements	1,701
Total	1,975
Accumulated Depreciation	806
Monroe, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,500
Initial cost	'
Land	2,004
Building and Improvements	3,483
Costs Subsequent to Acquisition	570
Gross Carrying Amount at year end	'
Land	2,004
Building and Improvements	3,369
Total	5,373
Accumulated Depreciation	1,040
Mystic, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,825
Initial cost	'
Land	136
Building and Improvements	1,645
Costs Subsequent to Acquisition	1,842
Gross Carrying Amount at year end	'
Land	410
Building and Improvements	2,755
Total	3,165
Accumulated Depreciation	1,354
Newington I, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	42,620
Initial cost	'
Land	1,059
Building and Improvements	1,840
Costs Subsequent to Acquisition	156
Gross Carrying Amount at year end	'
Land	1,059
Building and Improvements	1,702
Total	2,761
Accumulated Depreciation	502
Newington II, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	36,140
Initial cost	'
Land	911
Building and Improvements	1,584
Costs Subsequent to Acquisition	228
Gross Carrying Amount at year end	'
Land	911
Building and Improvements	1,539
Total	2,450
Accumulated Depreciation	449
Norwalk, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	30,242
Initial cost	'
Land	646
Building and Improvements	3,187
Costs Subsequent to Acquisition	45
Gross Carrying Amount at year end	'
Land	646
Building and Improvements	3,232
Total	3,878
Accumulated Depreciation	145
Old Saybrook I, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	86,950
Initial cost	'
Land	3,092
Building and Improvements	5,374
Costs Subsequent to Acquisition	434
Gross Carrying Amount at year end	'
Land	3,092
Building and Improvements	4,954
Total	8,046
Accumulated Depreciation	1,491
Old Saybrook II, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	26,425
Initial cost	'
Land	1,135
Building and Improvements	1,973
Costs Subsequent to Acquisition	216
Gross Carrying Amount at year end	'
Land	1,135
Building and Improvements	1,861
Total	2,996
Accumulated Depreciation	569
Shelton, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	78,430
Initial cost	'
Land	1,449
Building and Improvements	8,221
Costs Subsequent to Acquisition	175
Gross Carrying Amount at year end	'
Land	1,449
Building and Improvements	7,313
Total	8,762
Accumulated Depreciation	605
South Windsor, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	72,075
Initial cost	'
Land	90
Building and Improvements	1,127
Costs Subsequent to Acquisition	1,204
Gross Carrying Amount at year end	'
Land	272
Building and Improvements	1,944
Total	2,216
Accumulated Depreciation	841
Stamford, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	28,907
Initial cost	'
Land	1,941
Building and Improvements	3,374
Costs Subsequent to Acquisition	76
Gross Carrying Amount at year end	'
Land	1,941
Building and Improvements	2,915
Total	4,856
Accumulated Depreciation	866
Wilton, CT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	84,515
Encumbrances	12,853
Initial cost	'
Land	2,409
Building and Improvements	12,261
Costs Subsequent to Acquisition	148
Gross Carrying Amount at year end	'
Land	2,421
Building and Improvements	12,469
Total	14,890
Accumulated Depreciation	723
Washington I, DC	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	63,085
Initial cost	'
Land	871
Building and Improvements	12,759
Costs Subsequent to Acquisition	389
Gross Carrying Amount at year end	'
Land	894
Building and Improvements	10,466
Total	11,360
Accumulated Depreciation	1,962
Washington II, DC	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	83,192
Initial cost	'
Land	3,152
Building and Improvements	13,612
Costs Subsequent to Acquisition	104
Gross Carrying Amount at year end	'
Land	3,154
Building and Improvements	11,941
Total	15,095
Accumulated Depreciation	760
Boca Raton, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	37,958
Initial cost	'
Land	529
Building and Improvements	3,054
Costs Subsequent to Acquisition	1,552
Gross Carrying Amount at year end	'
Land	813
Building and Improvements	3,699
Total	4,512
Accumulated Depreciation	1,231
Boynton Beach I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	61,749
Initial cost	'
Land	667
Building and Improvements	3,796
Costs Subsequent to Acquisition	1,679
Gross Carrying Amount at year end	'
Land	958
Building and Improvements	4,386
Total	5,344
Accumulated Depreciation	1,495
Boynton Beach II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	61,629
Initial cost	'
Land	1,030
Building and Improvements	2,968
Costs Subsequent to Acquisition	320
Gross Carrying Amount at year end	'
Land	1,030
Building and Improvements	2,852
Total	3,882
Accumulated Depreciation	754
Bradenton I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	68,441
Initial cost	'
Land	1,180
Building and Improvements	3,324
Costs Subsequent to Acquisition	218
Gross Carrying Amount at year end	'
Land	1,180
Building and Improvements	3,022
Total	4,202
Accumulated Depreciation	830
Bradenton II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	87,988
Initial cost	'
Land	1,931
Building and Improvements	5,561
Costs Subsequent to Acquisition	885
Gross Carrying Amount at year end	'
Land	1,931
Building and Improvements	5,351
Total	7,282
Accumulated Depreciation	1,461
Cape Coral, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	76,627
Initial cost	'
Land	472
Building and Improvements	2,769
Costs Subsequent to Acquisition	2,508
Gross Carrying Amount at year end	'
Land	830
Building and Improvements	4,344
Total	5,174
Accumulated Depreciation	1,745
Coconut Creek, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	78,783
Initial cost	'
Land	1,189
Building and Improvements	5,863
Costs Subsequent to Acquisition	86
Gross Carrying Amount at year end	'
Land	1,189
Building and Improvements	5,949
Total	7,138
Accumulated Depreciation	237
Dania Beach, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	168,274
Initial cost	'
Land	3,584
Building and Improvements	10,324
Costs Subsequent to Acquisition	1,112
Gross Carrying Amount at year end	'
Land	3,584
Building and Improvements	9,939
Total	13,523
Accumulated Depreciation	2,743
Dania, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,145
Initial cost	'
Land	205
Building and Improvements	2,068
Costs Subsequent to Acquisition	1,427
Gross Carrying Amount at year end	'
Land	481
Building and Improvements	2,797
Total	3,278
Accumulated Depreciation	1,353
Davie, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	80,985
Initial cost	'
Land	1,268
Building and Improvements	7,183
Costs Subsequent to Acquisition	798
Gross Carrying Amount at year end	'
Land	1,373
Building and Improvements	5,717
Total	7,090
Accumulated Depreciation	2,459
Deerfield Beach, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,230
Initial cost	'
Land	946
Building and Improvements	2,999
Costs Subsequent to Acquisition	1,999
Gross Carrying Amount at year end	'
Land	1,311
Building and Improvements	4,509
Total	5,820
Accumulated Depreciation	1,598
Delray Beach I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	67,813
Initial cost	'
Land	798
Building and Improvements	4,539
Costs Subsequent to Acquisition	671
Gross Carrying Amount at year end	'
Land	883
Building and Improvements	4,210
Total	5,093
Accumulated Depreciation	1,503
Delray Beach II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,834
Initial cost	'
Land	957
Building and Improvements	4,718
Costs Subsequent to Acquisition	19
Gross Carrying Amount at year end	'
Land	957
Building and Improvements	4,737
Total	5,694
Accumulated Depreciation	1,467
Fernandina Beach, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	113,091
Initial cost	'
Land	378
Building and Improvements	4,222
Costs Subsequent to Acquisition	3,656
Gross Carrying Amount at year end	'
Land	643
Building and Improvements	7,000
Total	7,643
Accumulated Depreciation	2,362
Ft. Lauderdale I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	70,063
Initial cost	'
Land	937
Building and Improvements	3,646
Costs Subsequent to Acquisition	2,419
Gross Carrying Amount at year end	'
Land	1,384
Building and Improvements	5,430
Total	6,814
Accumulated Depreciation	1,955
Ft. Lauderdale II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,096
Initial cost	'
Land	862
Building and Improvements	4,250
Gross Carrying Amount at year end	'
Land	862
Building and Improvements	4,251
Total	5,113
Accumulated Depreciation	1,800
Ft. Myers, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	67,562
Initial cost	'
Land	303
Building and Improvements	3,329
Costs Subsequent to Acquisition	730
Gross Carrying Amount at year end	'
Land	328
Building and Improvements	3,440
Total	3,768
Accumulated Depreciation	1,385
Jacksonville I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	80,215
Initial cost	'
Land	1,862
Building and Improvements	5,362
Costs Subsequent to Acquisition	63
Gross Carrying Amount at year end	'
Land	1,862
Building and Improvements	4,744
Total	6,606
Accumulated Depreciation	1,154
Jacksonville II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	65,045
Initial cost	'
Land	950
Building and Improvements	7,004
Costs Subsequent to Acquisition	85
Gross Carrying Amount at year end	'
Land	950
Building and Improvements	5,536
Total	6,486
Accumulated Depreciation	1,098
Jacksonville III, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	65,590
Initial cost	'
Land	860
Building and Improvements	7,409
Costs Subsequent to Acquisition	974
Gross Carrying Amount at year end	'
Land	1,670
Building and Improvements	5,982
Total	7,652
Accumulated Depreciation	1,191
Jacksonville IV, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	77,535
Initial cost	'
Land	870
Building and Improvements	8,049
Costs Subsequent to Acquisition	1,015
Gross Carrying Amount at year end	'
Land	1,651
Building and Improvements	6,989
Total	8,640
Accumulated Depreciation	1,393
Jacksonville V, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	82,235
Initial cost	'
Land	1,220
Building and Improvements	8,210
Costs Subsequent to Acquisition	294
Gross Carrying Amount at year end	'
Land	1,220
Building and Improvements	6,795
Total	8,015
Accumulated Depreciation	1,350
Lake Worth, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	161,934
Initial cost	'
Land	183
Building and Improvements	6,597
Costs Subsequent to Acquisition	7,012
Gross Carrying Amount at year end	'
Land	183
Building and Improvements	10,929
Total	11,112
Accumulated Depreciation	4,591
Lakeland, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	49,079
Initial cost	'
Land	81
Building and Improvements	896
Costs Subsequent to Acquisition	1,065
Gross Carrying Amount at year end	'
Land	256
Building and Improvements	1,378
Total	1,634
Accumulated Depreciation	791
Kendall, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,495
Initial cost	'
Land	2,350
Building and Improvements	8,106
Costs Subsequent to Acquisition	178
Gross Carrying Amount at year end	'
Land	2,350
Building and Improvements	6,511
Total	8,861
Accumulated Depreciation	1,293
Leisure City, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	56,042
Initial cost	'
Land	409
Building and Improvements	2,018
Costs Subsequent to Acquisition	108
Gross Carrying Amount at year end	'
Land	409
Building and Improvements	2,125
Total	2,534
Accumulated Depreciation	87
Lutz I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	66,795
Initial cost	'
Land	901
Building and Improvements	2,478
Costs Subsequent to Acquisition	209
Gross Carrying Amount at year end	'
Land	901
Building and Improvements	2,301
Total	3,202
Accumulated Depreciation	621
Lutz II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	69,232
Initial cost	'
Land	992
Building and Improvements	2,868
Costs Subsequent to Acquisition	310
Gross Carrying Amount at year end	'
Land	992
Building and Improvements	2,715
Total	3,707
Accumulated Depreciation	720
Margate I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,385
Initial cost	'
Land	161
Building and Improvements	1,763
Costs Subsequent to Acquisition	1,817
Gross Carrying Amount at year end	'
Land	399
Building and Improvements	2,930
Total	3,329
Accumulated Depreciation	1,377
Margate II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	65,180
Initial cost	'
Land	132
Building and Improvements	1,473
Costs Subsequent to Acquisition	1,793
Gross Carrying Amount at year end	'
Land	383
Building and Improvements	2,655
Total	3,038
Accumulated Depreciation	1,183
Merritt Island, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,291
Initial cost	'
Land	716
Building and Improvements	2,983
Costs Subsequent to Acquisition	596
Gross Carrying Amount at year end	'
Land	796
Building and Improvements	2,843
Total	3,639
Accumulated Depreciation	865
Miami I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,275
Initial cost	'
Land	179
Building and Improvements	1,999
Costs Subsequent to Acquisition	1,768
Gross Carrying Amount at year end	'
Land	484
Building and Improvements	3,080
Total	3,564
Accumulated Depreciation	1,695
Miami II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	67,010
Initial cost	'
Land	253
Building and Improvements	2,544
Costs Subsequent to Acquisition	1,439
Gross Carrying Amount at year end	'
Land	561
Building and Improvements	3,168
Total	3,729
Accumulated Depreciation	1,609
Miami III, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	150,735
Initial cost	'
Land	4,577
Building and Improvements	13,185
Costs Subsequent to Acquisition	682
Gross Carrying Amount at year end	'
Land	4,577
Building and Improvements	12,043
Total	16,620
Accumulated Depreciation	2,976
Miami IV, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	76,337
Initial cost	'
Land	1,852
Building and Improvements	10,494
Costs Subsequent to Acquisition	863
Gross Carrying Amount at year end	'
Land	1,963
Building and Improvements	9,796
Total	11,759
Accumulated Depreciation	854
Miramar, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,655
Initial cost	'
Land	1,206
Building and Improvements	5,944
Costs Subsequent to Acquisition	16
Gross Carrying Amount at year end	'
Land	1,206
Building and Improvements	5,961
Total	7,167
Accumulated Depreciation	649
Naples I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,150
Initial cost	'
Land	90
Building and Improvements	1,010
Costs Subsequent to Acquisition	2,487
Gross Carrying Amount at year end	'
Land	270
Building and Improvements	3,122
Total	3,392
Accumulated Depreciation	1,338
Naples II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	65,850
Initial cost	'
Land	148
Building and Improvements	1,652
Costs Subsequent to Acquisition	4,291
Gross Carrying Amount at year end	'
Land	558
Building and Improvements	5,250
Total	5,808
Accumulated Depreciation	2,124
Naples III, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	79,960
Initial cost	'
Land	139
Building and Improvements	1,561
Costs Subsequent to Acquisition	4,072
Gross Carrying Amount at year end	'
Land	598
Building and Improvements	4,326
Total	4,924
Accumulated Depreciation	2,063
Naples IV, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	40,575
Initial cost	'
Land	262
Building and Improvements	2,980
Costs Subsequent to Acquisition	561
Gross Carrying Amount at year end	'
Land	407
Building and Improvements	2,958
Total	3,365
Accumulated Depreciation	1,424
Ocoee, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	76,050
Initial cost	'
Land	1,286
Building and Improvements	3,705
Costs Subsequent to Acquisition	170
Gross Carrying Amount at year end	'
Land	1,286
Building and Improvements	3,358
Total	4,644
Accumulated Depreciation	854
Orange City, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,580
Initial cost	'
Land	1,191
Building and Improvements	3,209
Costs Subsequent to Acquisition	192
Gross Carrying Amount at year end	'
Land	1,191
Building and Improvements	2,913
Total	4,104
Accumulated Depreciation	799
Orlando II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	63,084
Initial cost	'
Land	1,589
Building and Improvements	4,576
Costs Subsequent to Acquisition	137
Gross Carrying Amount at year end	'
Land	1,589
Building and Improvements	4,074
Total	5,663
Accumulated Depreciation	1,058
Orlando III, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	101,330
Initial cost	'
Land	1,209
Building and Improvements	7,768
Costs Subsequent to Acquisition	637
Gross Carrying Amount at year end	'
Land	1,209
Building and Improvements	7,018
Total	8,227
Accumulated Depreciation	1,489
Orlando IV, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	76,565
Initial cost	'
Land	633
Building and Improvements	3,587
Costs Subsequent to Acquisition	95
Gross Carrying Amount at year end	'
Land	633
Building and Improvements	3,178
Total	3,811
Accumulated Depreciation	311
Orlando V, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,358
Initial cost	'
Land	950
Building and Improvements	4,685
Costs Subsequent to Acquisition	80
Gross Carrying Amount at year end	'
Land	950
Building and Improvements	4,765
Total	5,715
Accumulated Depreciation	165
Oviedo, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	49,276
Initial cost	'
Land	440
Building and Improvements	2,824
Costs Subsequent to Acquisition	503
Gross Carrying Amount at year end	'
Land	440
Building and Improvements	2,660
Total	3,100
Accumulated Depreciation	592
Pembroke Pines, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	67,321
Initial cost	'
Land	337
Building and Improvements	3,772
Costs Subsequent to Acquisition	2,719
Gross Carrying Amount at year end	'
Land	953
Building and Improvements	5,349
Total	6,302
Accumulated Depreciation	3,131
Royal Palm Beach II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	81,405
Initial cost	'
Land	1,640
Building and Improvements	8,607
Costs Subsequent to Acquisition	201
Gross Carrying Amount at year end	'
Land	1,640
Building and Improvements	7,147
Total	8,787
Accumulated Depreciation	1,420
Sanford, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	61,810
Initial cost	'
Land	453
Building and Improvements	2,911
Costs Subsequent to Acquisition	147
Gross Carrying Amount at year end	'
Land	453
Building and Improvements	2,521
Total	2,974
Accumulated Depreciation	542
Sarasota, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,152
Initial cost	'
Land	333
Building and Improvements	3,656
Costs Subsequent to Acquisition	1,307
Gross Carrying Amount at year end	'
Land	529
Building and Improvements	4,175
Total	4,704
Accumulated Depreciation	1,633
St. Augustine, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,725
Initial cost	'
Land	135
Building and Improvements	1,515
Costs Subsequent to Acquisition	3,327
Gross Carrying Amount at year end	'
Land	383
Building and Improvements	4,282
Total	4,665
Accumulated Depreciation	1,816
Stuart, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	87,240
Initial cost	'
Land	324
Building and Improvements	3,625
Costs Subsequent to Acquisition	2,927
Gross Carrying Amount at year end	'
Land	685
Building and Improvements	5,621
Total	6,306
Accumulated Depreciation	2,455
SW Ranches, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	64,955
Initial cost	'
Land	1,390
Building and Improvements	7,598
Costs Subsequent to Acquisition	131
Gross Carrying Amount at year end	'
Land	1,390
Building and Improvements	5,867
Total	7,257
Accumulated Depreciation	1,168
Tampa, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	83,838
Initial cost	'
Land	2,670
Building and Improvements	6,249
Costs Subsequent to Acquisition	107
Gross Carrying Amount at year end	'
Land	2,670
Building and Improvements	5,002
Total	7,672
Accumulated Depreciation	996
West Palm Beach I, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	68,061
Initial cost	'
Land	719
Building and Improvements	3,420
Costs Subsequent to Acquisition	1,534
Gross Carrying Amount at year end	'
Land	835
Building and Improvements	3,979
Total	4,814
Accumulated Depreciation	1,409
West Palm Beach II, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	94,503
Initial cost	'
Land	2,129
Building and Improvements	8,671
Costs Subsequent to Acquisition	262
Gross Carrying Amount at year end	'
Land	2,129
Building and Improvements	7,630
Total	9,759
Accumulated Depreciation	2,110
West Palm Beach III, FL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	77,851
Initial cost	'
Land	804
Building and Improvements	3,962
Costs Subsequent to Acquisition	15
Gross Carrying Amount at year end	'
Land	804
Building and Improvements	3,976
Total	4,780
Accumulated Depreciation	136
Alpharetta, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	90,501
Initial cost	'
Land	806
Building and Improvements	4,720
Costs Subsequent to Acquisition	980
Gross Carrying Amount at year end	'
Land	967
Building and Improvements	4,102
Total	5,069
Accumulated Depreciation	1,298
Atlanta, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	66,675
Initial cost	'
Land	822
Building and Improvements	4,053
Costs Subsequent to Acquisition	29
Gross Carrying Amount at year end	'
Land	822
Building and Improvements	4,082
Total	4,904
Accumulated Depreciation	173
Austell, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	83,625
Initial cost	'
Land	1,635
Building and Improvements	4,711
Costs Subsequent to Acquisition	176
Gross Carrying Amount at year end	'
Land	1,643
Building and Improvements	4,233
Total	5,876
Accumulated Depreciation	940
Decatur, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	145,280
Initial cost	'
Land	616
Building and Improvements	6,776
Costs Subsequent to Acquisition	207
Gross Carrying Amount at year end	'
Land	616
Building and Improvements	6,078
Total	6,694
Accumulated Depreciation	3,057
Duluth, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	70,885
Initial cost	'
Land	373
Building and Improvements	2,044
Costs Subsequent to Acquisition	160
Gross Carrying Amount at year end	'
Land	373
Building and Improvements	1,880
Total	2,253
Accumulated Depreciation	149
Lawrenceville, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	73,765
Initial cost	'
Land	546
Building and Improvements	2,903
Costs Subsequent to Acquisition	313
Gross Carrying Amount at year end	'
Land	546
Building and Improvements	2,800
Total	3,346
Accumulated Depreciation	222
Norcross I, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	85,420
Initial cost	'
Land	514
Building and Improvements	2,930
Costs Subsequent to Acquisition	783
Gross Carrying Amount at year end	'
Land	632
Building and Improvements	2,983
Total	3,615
Accumulated Depreciation	1,178
Norcross II, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,295
Initial cost	'
Land	366
Building and Improvements	2,025
Costs Subsequent to Acquisition	151
Gross Carrying Amount at year end	'
Land	366
Building and Improvements	1,892
Total	2,258
Accumulated Depreciation	149
Norcross III, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,270
Initial cost	'
Land	938
Building and Improvements	4,625
Costs Subsequent to Acquisition	39
Gross Carrying Amount at year end	'
Land	938
Building and Improvements	4,665
Total	5,603
Accumulated Depreciation	272
Norcross IV, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,505
Initial cost	'
Land	576
Building and Improvements	2,839
Costs Subsequent to Acquisition	24
Gross Carrying Amount at year end	'
Land	576
Building and Improvements	2,863
Total	3,439
Accumulated Depreciation	121
Peachtree City I, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	49,875
Initial cost	'
Land	435
Building and Improvements	2,532
Costs Subsequent to Acquisition	622
Gross Carrying Amount at year end	'
Land	529
Building and Improvements	2,525
Total	3,054
Accumulated Depreciation	827
Peachtree City II, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,250
Initial cost	'
Land	398
Building and Improvements	1,963
Costs Subsequent to Acquisition	11
Gross Carrying Amount at year end	'
Land	398
Building and Improvements	1,974
Total	2,372
Accumulated Depreciation	84
Smyrna, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,015
Initial cost	'
Land	750
Building and Improvements	4,271
Costs Subsequent to Acquisition	237
Gross Carrying Amount at year end	'
Land	750
Building and Improvements	3,478
Total	4,228
Accumulated Depreciation	1,106
Snellville, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	80,000
Initial cost	'
Land	1,660
Building and Improvements	4,781
Costs Subsequent to Acquisition	279
Gross Carrying Amount at year end	'
Land	1,660
Building and Improvements	4,400
Total	6,060
Accumulated Depreciation	904
Suwanee I, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	84,860
Initial cost	'
Land	1,737
Building and Improvements	5,010
Costs Subsequent to Acquisition	205
Gross Carrying Amount at year end	'
Land	1,737
Building and Improvements	4,520
Total	6,257
Accumulated Depreciation	948
Suwanee II, GA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	79,590
Initial cost	'
Land	800
Building and Improvements	6,942
Costs Subsequent to Acquisition	33
Gross Carrying Amount at year end	'
Land	622
Building and Improvements	5,771
Total	6,393
Accumulated Depreciation	1,150
Addison, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	31,325
Initial cost	'
Land	428
Building and Improvements	3,531
Costs Subsequent to Acquisition	316
Gross Carrying Amount at year end	'
Land	428
Building and Improvements	3,347
Total	3,775
Accumulated Depreciation	907
Aurora, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	73,985
Initial cost	'
Land	644
Building and Improvements	3,652
Costs Subsequent to Acquisition	148
Gross Carrying Amount at year end	'
Land	644
Building and Improvements	3,280
Total	3,924
Accumulated Depreciation	894
Bartlett, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	51,425
Initial cost	'
Land	931
Building and Improvements	2,493
Costs Subsequent to Acquisition	261
Gross Carrying Amount at year end	'
Land	931
Building and Improvements	2,372
Total	3,303
Accumulated Depreciation	634
Hanover, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	41,190
Initial cost	'
Land	1,126
Building and Improvements	2,197
Costs Subsequent to Acquisition	244
Gross Carrying Amount at year end	'
Land	1,126
Building and Improvements	2,102
Total	3,228
Accumulated Depreciation	565
Bellwood, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	86,650
Initial cost	'
Land	1,012
Building and Improvements	5,768
Costs Subsequent to Acquisition	779
Gross Carrying Amount at year end	'
Land	1,012
Building and Improvements	5,249
Total	6,261
Accumulated Depreciation	1,779
Des Plaines, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,520
Initial cost	'
Land	1,564
Building and Improvements	4,327
Costs Subsequent to Acquisition	464
Gross Carrying Amount at year end	'
Land	1,564
Building and Improvements	4,152
Total	5,716
Accumulated Depreciation	1,115
Elk Grove Village, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	64,129
Initial cost	'
Land	1,446
Building and Improvements	3,535
Costs Subsequent to Acquisition	267
Gross Carrying Amount at year end	'
Land	1,446
Building and Improvements	3,274
Total	4,720
Accumulated Depreciation	920
Evanston, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,050
Initial cost	'
Land	1,103
Building and Improvements	5,440
Costs Subsequent to Acquisition	2
Gross Carrying Amount at year end	'
Land	1,103
Building and Improvements	5,442
Total	6,545
Accumulated Depreciation	917
Glenview, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	100,115
Initial cost	'
Land	3,740
Building and Improvements	10,367
Costs Subsequent to Acquisition	377
Gross Carrying Amount at year end	'
Land	3,740
Building and Improvements	9,279
Total	13,019
Accumulated Depreciation	2,524
Gurnee, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	80,300
Initial cost	'
Land	1,521
Building and Improvements	5,440
Costs Subsequent to Acquisition	256
Gross Carrying Amount at year end	'
Land	1,521
Building and Improvements	4,933
Total	6,454
Accumulated Depreciation	1,375
Harvey, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,090
Initial cost	'
Land	869
Building and Improvements	3,635
Costs Subsequent to Acquisition	203
Gross Carrying Amount at year end	'
Land	869
Building and Improvements	3,299
Total	4,168
Accumulated Depreciation	897
Joliet, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	72,865
Initial cost	'
Land	547
Building and Improvements	4,704
Costs Subsequent to Acquisition	204
Gross Carrying Amount at year end	'
Land	547
Building and Improvements	4,249
Total	4,796
Accumulated Depreciation	1,161
Kildeer, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,485
Initial cost	'
Land	2,102
Building and Improvements	2,187
Costs Subsequent to Acquisition	214
Gross Carrying Amount at year end	'
Land	1,997
Building and Improvements	2,200
Total	4,197
Accumulated Depreciation	565
Lombard, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,739
Initial cost	'
Land	1,305
Building and Improvements	3,938
Costs Subsequent to Acquisition	656
Gross Carrying Amount at year end	'
Land	1,305
Building and Improvements	3,993
Total	5,298
Accumulated Depreciation	1,125
Mount Prospect, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	64,750
Initial cost	'
Land	1,701
Building and Improvements	3,114
Costs Subsequent to Acquisition	322
Gross Carrying Amount at year end	'
Land	1,701
Building and Improvements	2,984
Total	4,685
Accumulated Depreciation	801
Mundelein, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	44,700
Initial cost	'
Land	1,498
Building and Improvements	2,782
Costs Subsequent to Acquisition	220
Gross Carrying Amount at year end	'
Land	1,498
Building and Improvements	2,590
Total	4,088
Accumulated Depreciation	694
North Chicago, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	53,400
Initial cost	'
Land	1,073
Building and Improvements	3,006
Costs Subsequent to Acquisition	348
Gross Carrying Amount at year end	'
Land	1,073
Building and Improvements	2,869
Total	3,942
Accumulated Depreciation	786
Plainfield I, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	53,900
Initial cost	'
Land	1,770
Building and Improvements	1,715
Costs Subsequent to Acquisition	234
Gross Carrying Amount at year end	'
Land	1,740
Building and Improvements	1,657
Total	3,397
Accumulated Depreciation	439
Plainfield II, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	51,900
Initial cost	'
Land	694
Building and Improvements	2,000
Costs Subsequent to Acquisition	150
Gross Carrying Amount at year end	'
Land	694
Building and Improvements	1,817
Total	2,511
Accumulated Depreciation	462
Schaumburg, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	31,160
Initial cost	'
Land	538
Building and Improvements	645
Costs Subsequent to Acquisition	164
Gross Carrying Amount at year end	'
Land	538
Building and Improvements	673
Total	1,211
Accumulated Depreciation	178
Streamwood, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	64,305
Initial cost	'
Land	1,447
Building and Improvements	1,662
Costs Subsequent to Acquisition	312
Gross Carrying Amount at year end	'
Land	1,447
Building and Improvements	1,662
Total	3,109
Accumulated Depreciation	455
Warrenville, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,796
Initial cost	'
Land	1,066
Building and Improvements	3,072
Costs Subsequent to Acquisition	150
Gross Carrying Amount at year end	'
Land	1,066
Building and Improvements	2,790
Total	3,856
Accumulated Depreciation	722
Waukegan, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	79,500
Initial cost	'
Land	1,198
Building and Improvements	4,363
Costs Subsequent to Acquisition	319
Gross Carrying Amount at year end	'
Land	1,198
Building and Improvements	4,029
Total	5,227
Accumulated Depreciation	1,105
West Chicago, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,175
Initial cost	'
Land	1,071
Building and Improvements	2,249
Costs Subsequent to Acquisition	250
Gross Carrying Amount at year end	'
Land	1,071
Building and Improvements	2,141
Total	3,212
Accumulated Depreciation	587
Westmont, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	53,450
Initial cost	'
Land	1,155
Building and Improvements	3,873
Costs Subsequent to Acquisition	196
Gross Carrying Amount at year end	'
Land	1,155
Building and Improvements	3,529
Total	4,684
Accumulated Depreciation	946
Wheeling I, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,210
Initial cost	'
Land	857
Building and Improvements	3,213
Costs Subsequent to Acquisition	301
Gross Carrying Amount at year end	'
Land	857
Building and Improvements	3,042
Total	3,899
Accumulated Depreciation	833
Wheeling II, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	67,825
Initial cost	'
Land	793
Building and Improvements	3,816
Costs Subsequent to Acquisition	423
Gross Carrying Amount at year end	'
Land	793
Building and Improvements	3,688
Total	4,481
Accumulated Depreciation	1,005
Woodridge, IL	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,241
Initial cost	'
Land	943
Building and Improvements	3,397
Costs Subsequent to Acquisition	170
Gross Carrying Amount at year end	'
Land	943
Building and Improvements	3,091
Total	4,034
Accumulated Depreciation	846
Boston I, MA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	33,286
Initial cost	'
Land	538
Building and Improvements	3,048
Costs Subsequent to Acquisition	81
Gross Carrying Amount at year end	'
Land	538
Building and Improvements	2,705
Total	3,243
Accumulated Depreciation	272
Boston II, MA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,420
Initial cost	'
Land	1,516
Building and Improvements	8,628
Costs Subsequent to Acquisition	328
Gross Carrying Amount at year end	'
Land	1,516
Building and Improvements	7,120
Total	8,636
Accumulated Depreciation	2,356
Leominster, MA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,023
Initial cost	'
Land	90
Building and Improvements	1,519
Costs Subsequent to Acquisition	2,426
Gross Carrying Amount at year end	'
Land	338
Building and Improvements	3,356
Total	3,694
Accumulated Depreciation	1,597
Medford, MA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,725
Initial cost	'
Land	1,330
Building and Improvements	7,165
Costs Subsequent to Acquisition	231
Gross Carrying Amount at year end	'
Land	1,330
Building and Improvements	5,918
Total	7,248
Accumulated Depreciation	1,143
Stoneham, MA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	62,100
Initial cost	'
Land	1,558
Building and Improvements	7,679
Costs Subsequent to Acquisition	2
Gross Carrying Amount at year end	'
Land	1,558
Building and Improvements	7,681
Total	9,239
Accumulated Depreciation	1,113
Baltimore, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	93,550
Initial cost	'
Land	1,050
Building and Improvements	5,997
Costs Subsequent to Acquisition	1,280
Gross Carrying Amount at year end	'
Land	1,173
Building and Improvements	5,854
Total	7,027
Accumulated Depreciation	2,081
Beltsville, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	63,707
Initial cost	'
Land	1,277
Building and Improvements	6,295
Costs Subsequent to Acquisition	25
Gross Carrying Amount at year end	'
Land	1,277
Building and Improvements	6,320
Total	7,597
Accumulated Depreciation	2,002
California, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	77,840
Initial cost	'
Land	1,486
Building and Improvements	4,280
Costs Subsequent to Acquisition	162
Gross Carrying Amount at year end	'
Land	1,486
Building and Improvements	3,850
Total	5,336
Accumulated Depreciation	1,049
Clinton, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	84,025
Encumbrances	8,500
Initial cost	'
Land	2,182
Building and Improvements	10,757
Costs Subsequent to Acquisition	8
Gross Carrying Amount at year end	'
Land	2,182
Building and Improvements	10,765
Total	12,947
Accumulated Depreciation	957
District Heights, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	78,720
Initial cost	'
Land	1,527
Building and Improvements	8,313
Costs Subsequent to Acquisition	451
Gross Carrying Amount at year end	'
Land	1,527
Building and Improvements	7,639
Total	9,166
Accumulated Depreciation	563
Elkridge, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	63,675
Initial cost	'
Land	1,155
Building and Improvements	5,695
Gross Carrying Amount at year end	'
Land	1,155
Building and Improvements	5,695
Total	6,850
Accumulated Depreciation	334
Gaithersburg, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	87,045
Initial cost	'
Land	3,124
Building and Improvements	9,000
Costs Subsequent to Acquisition	385
Gross Carrying Amount at year end	'
Land	3,124
Building and Improvements	8,126
Total	11,250
Accumulated Depreciation	2,192
Hyattsville, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,665
Initial cost	'
Land	1,113
Building and Improvements	5,485
Costs Subsequent to Acquisition	27
Gross Carrying Amount at year end	'
Land	1,113
Building and Improvements	5,513
Total	6,626
Accumulated Depreciation	2,040
Laurel, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	162,796
Initial cost	'
Land	1,409
Building and Improvements	8,035
Costs Subsequent to Acquisition	3,589
Gross Carrying Amount at year end	'
Land	1,928
Building and Improvements	9,521
Total	11,449
Accumulated Depreciation	3,220
Temple Hills, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	97,250
Initial cost	'
Land	1,541
Building and Improvements	8,788
Costs Subsequent to Acquisition	2,228
Gross Carrying Amount at year end	'
Land	1,800
Building and Improvements	9,170
Total	10,970
Accumulated Depreciation	3,671
Upper Marlboro, MD	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	62,290
Initial cost	'
Land	1,309
Building and Improvements	6,455
Costs Subsequent to Acquisition	46
Gross Carrying Amount at year end	'
Land	1,309
Building and Improvements	6,501
Total	7,810
Accumulated Depreciation	3,516
Belmont, NC	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	81,850
Initial cost	'
Land	385
Building and Improvements	2,196
Costs Subsequent to Acquisition	693
Gross Carrying Amount at year end	'
Land	451
Building and Improvements	2,209
Total	2,660
Accumulated Depreciation	763
Burlington I, NC	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	109,396
Initial cost	'
Land	498
Building and Improvements	2,837
Costs Subsequent to Acquisition	567
Gross Carrying Amount at year end	'
Land	498
Building and Improvements	2,771
Total	3,269
Accumulated Depreciation	982
Burlington II, NC	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	42,205
Initial cost	'
Land	320
Building and Improvements	1,829
Costs Subsequent to Acquisition	350
Gross Carrying Amount at year end	'
Land	340
Building and Improvements	1,747
Total	2,087
Accumulated Depreciation	591
Cary, NC	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	112,333
Initial cost	'
Land	543
Building and Improvements	3,097
Costs Subsequent to Acquisition	520
Gross Carrying Amount at year end	'
Land	543
Building and Improvements	3,345
Total	3,888
Accumulated Depreciation	1,294
Charlotte, NC	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	69,000
Initial cost	'
Land	782
Building and Improvements	4,429
Costs Subsequent to Acquisition	1,433
Gross Carrying Amount at year end	'
Land	1,068
Building and Improvements	4,668
Total	5,736
Accumulated Depreciation	1,435
Raleigh, NC	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,675
Initial cost	'
Land	209
Building and Improvements	2,398
Costs Subsequent to Acquisition	312
Gross Carrying Amount at year end	'
Land	296
Building and Improvements	2,240
Total	2,536
Accumulated Depreciation	1,067
Bordentown, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,600
Initial cost	'
Land	457
Building and Improvements	2,255
Costs Subsequent to Acquisition	19
Gross Carrying Amount at year end	'
Land	457
Building and Improvements	2,274
Total	2,731
Accumulated Depreciation	97
Brick, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	51,725
Initial cost	'
Land	234
Building and Improvements	2,762
Costs Subsequent to Acquisition	1,424
Gross Carrying Amount at year end	'
Land	485
Building and Improvements	3,386
Total	3,871
Accumulated Depreciation	1,724
Cherry Hill I, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	51,600
Initial cost	'
Land	222
Building and Improvements	1,260
Costs Subsequent to Acquisition	78
Gross Carrying Amount at year end	'
Land	222
Building and Improvements	1,156
Total	1,378
Accumulated Depreciation	119
Cherry Hill II, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	64,850
Initial cost	'
Land	471
Building and Improvements	2,323
Costs Subsequent to Acquisition	54
Gross Carrying Amount at year end	'
Land	471
Building and Improvements	2,377
Total	2,848
Accumulated Depreciation	84
Clifton, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	105,450
Initial cost	'
Land	4,346
Building and Improvements	12,520
Costs Subsequent to Acquisition	216
Gross Carrying Amount at year end	'
Land	4,340
Building and Improvements	11,057
Total	15,397
Accumulated Depreciation	2,815
Cranford, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	91,280
Initial cost	'
Land	290
Building and Improvements	3,493
Costs Subsequent to Acquisition	2,369
Gross Carrying Amount at year end	'
Land	779
Building and Improvements	4,697
Total	5,476
Accumulated Depreciation	2,249
East Hanover, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	107,679
Initial cost	'
Land	504
Building and Improvements	5,763
Costs Subsequent to Acquisition	3,925
Gross Carrying Amount at year end	'
Land	1,315
Building and Improvements	7,832
Total	9,147
Accumulated Depreciation	3,899
Egg Harbor I, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	35,425
Initial cost	'
Land	104
Building and Improvements	510
Costs Subsequent to Acquisition	26
Gross Carrying Amount at year end	'
Land	104
Building and Improvements	525
Total	629
Accumulated Depreciation	53
Egg Harbor II, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	70,400
Initial cost	'
Land	284
Building and Improvements	1,608
Costs Subsequent to Acquisition	172
Gross Carrying Amount at year end	'
Land	284
Building and Improvements	1,560
Total	1,844
Accumulated Depreciation	164
Elizabeth, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	38,830
Initial cost	'
Land	751
Building and Improvements	2,164
Costs Subsequent to Acquisition	392
Gross Carrying Amount at year end	'
Land	751
Building and Improvements	2,239
Total	2,990
Accumulated Depreciation	574
Fairview, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	27,876
Initial cost	'
Land	246
Building and Improvements	2,759
Costs Subsequent to Acquisition	436
Gross Carrying Amount at year end	'
Land	246
Building and Improvements	2,616
Total	2,862
Accumulated Depreciation	1,434
Freehold, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	81,470
Initial cost	'
Land	1,086
Building and Improvements	5,355
Costs Subsequent to Acquisition	72
Gross Carrying Amount at year end	'
Land	1,086
Building and Improvements	5,426
Total	6,512
Accumulated Depreciation	219
Hamilton, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	70,550
Initial cost	'
Land	1,885
Building and Improvements	5,430
Costs Subsequent to Acquisition	243
Gross Carrying Amount at year end	'
Land	1,893
Building and Improvements	4,941
Total	6,834
Accumulated Depreciation	1,095
Hoboken, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	34,180
Initial cost	'
Land	1,370
Building and Improvements	3,947
Costs Subsequent to Acquisition	619
Gross Carrying Amount at year end	'
Land	1,370
Building and Improvements	3,975
Total	5,345
Accumulated Depreciation	1,068
Linden, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	100,425
Initial cost	'
Land	517
Building and Improvements	6,008
Costs Subsequent to Acquisition	2,142
Gross Carrying Amount at year end	'
Land	1,043
Building and Improvements	6,670
Total	7,713
Accumulated Depreciation	3,611
Lumberton, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	95,975
Initial cost	'
Land	987
Building and Improvements	4,864
Costs Subsequent to Acquisition	60
Gross Carrying Amount at year end	'
Land	987
Building and Improvements	4,924
Total	5,911
Accumulated Depreciation	210
Morris Township, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,976
Initial cost	'
Land	500
Building and Improvements	5,602
Costs Subsequent to Acquisition	2,657
Gross Carrying Amount at year end	'
Land	1,072
Building and Improvements	6,682
Total	7,754
Accumulated Depreciation	4,567
Parsippany, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	66,325
Initial cost	'
Land	475
Building and Improvements	5,322
Costs Subsequent to Acquisition	1,981
Gross Carrying Amount at year end	'
Land	844
Building and Improvements	6,008
Total	6,852
Accumulated Depreciation	3,044
Rahway, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	83,171
Initial cost	'
Land	1,486
Building and Improvements	7,326
Costs Subsequent to Acquisition	2
Gross Carrying Amount at year end	'
Land	1,486
Building and Improvements	7,328
Total	8,814
Accumulated Depreciation	1,665
Randolph, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,565
Initial cost	'
Land	855
Building and Improvements	4,872
Costs Subsequent to Acquisition	1,291
Gross Carrying Amount at year end	'
Land	1,108
Building and Improvements	4,829
Total	5,937
Accumulated Depreciation	1,671
Sewell, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,826
Initial cost	'
Land	484
Building and Improvements	2,766
Costs Subsequent to Acquisition	1,298
Gross Carrying Amount at year end	'
Land	706
Building and Improvements	3,213
Total	3,919
Accumulated Depreciation	1,097
Somerset, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,585
Initial cost	'
Land	1,243
Building and Improvements	6,129
Costs Subsequent to Acquisition	55
Gross Carrying Amount at year end	'
Land	1,243
Building and Improvements	6,184
Total	7,427
Accumulated Depreciation	245
Whippany, NJ	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	92,270
Initial cost	'
Land	2,153
Building and Improvements	10,615
Costs Subsequent to Acquisition	23
Gross Carrying Amount at year end	'
Land	2,153
Building and Improvements	10,638
Total	12,791
Accumulated Depreciation	246
Albuquerque I, NM	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	65,927
Initial cost	'
Land	1,039
Building and Improvements	3,395
Costs Subsequent to Acquisition	269
Gross Carrying Amount at year end	'
Land	1,039
Building and Improvements	3,080
Total	4,119
Accumulated Depreciation	852
Albuquerque II, NM	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,511
Initial cost	'
Land	1,163
Building and Improvements	3,801
Costs Subsequent to Acquisition	254
Gross Carrying Amount at year end	'
Land	1,163
Building and Improvements	3,433
Total	4,596
Accumulated Depreciation	951
Albuquerque III, NM	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,536
Initial cost	'
Land	664
Building and Improvements	2,171
Costs Subsequent to Acquisition	310
Gross Carrying Amount at year end	'
Land	664
Building and Improvements	2,093
Total	2,757
Accumulated Depreciation	573
Las Vegas I, NV	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,332
Initial cost	'
Land	1,851
Building and Improvements	2,986
Costs Subsequent to Acquisition	397
Gross Carrying Amount at year end	'
Land	1,851
Building and Improvements	2,972
Total	4,823
Accumulated Depreciation	844
Las Vegas II, NV	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,850
Initial cost	'
Land	3,354
Building and Improvements	5,411
Costs Subsequent to Acquisition	297
Gross Carrying Amount at year end	'
Land	3,355
Building and Improvements	5,127
Total	8,482
Accumulated Depreciation	1,466
Bronx I, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	68,698
Initial cost	'
Land	2,014
Building and Improvements	11,411
Costs Subsequent to Acquisition	670
Gross Carrying Amount at year end	'
Land	2,014
Building and Improvements	10,488
Total	12,502
Accumulated Depreciation	1,083
Bronx II, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	90,170
Initial cost	'
Building and Improvements	31,561
Costs Subsequent to Acquisition	82
Gross Carrying Amount at year end	'
Building and Improvements	31,109
Total	31,109
Accumulated Depreciation	1,718
Bronx III, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	106,065
Initial cost	'
Land	6,017
Building and Improvements	33,999
Costs Subsequent to Acquisition	93
Gross Carrying Amount at year end	'
Land	6,017
Building and Improvements	29,745
Total	35,762
Accumulated Depreciation	2,316
Bronx IV, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,080
Initial cost	'
Building and Improvements	22,830
Costs Subsequent to Acquisition	88
Gross Carrying Amount at year end	'
Building and Improvements	20,264
Total	20,264
Accumulated Depreciation	1,292
Bronx V, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,733
Initial cost	'
Building and Improvements	17,564
Costs Subsequent to Acquisition	151
Gross Carrying Amount at year end	'
Building and Improvements	15,604
Total	15,604
Accumulated Depreciation	1,067
Bronx VI, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	39,495
Initial cost	'
Building and Improvements	15,095
Costs Subsequent to Acquisition	70
Gross Carrying Amount at year end	'
Building and Improvements	13,134
Total	13,134
Accumulated Depreciation	1,117
Bronx VII, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	78,625
Encumbrances	8,945
Initial cost	'
Building and Improvements	22,512
Costs Subsequent to Acquisition	54
Gross Carrying Amount at year end	'
Building and Improvements	22,676
Total	22,676
Accumulated Depreciation	1,320
Bronx VIII, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	30,550
Encumbrances	3,140
Initial cost	'
Land	1,245
Building and Improvements	6,137
Costs Subsequent to Acquisition	103
Gross Carrying Amount at year end	'
Land	1,251
Building and Improvements	6,270
Total	7,521
Accumulated Depreciation	361
Bronx IX, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	148,570
Encumbrances	24,145
Initial cost	'
Land	7,967
Building and Improvements	39,279
Costs Subsequent to Acquisition	494
Gross Carrying Amount at year end	'
Land	7,967
Building and Improvements	39,771
Total	47,738
Accumulated Depreciation	2,123
Bronx X, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	159,780
Encumbrances	28,523
Initial cost	'
Land	9,090
Building and Improvements	44,816
Costs Subsequent to Acquisition	228
Gross Carrying Amount at year end	'
Land	9,090
Building and Improvements	45,044
Total	54,134
Accumulated Depreciation	2,041
Brooklyn I, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,020
Initial cost	'
Land	1,795
Building and Improvements	10,172
Costs Subsequent to Acquisition	204
Gross Carrying Amount at year end	'
Land	1,795
Building and Improvements	8,960
Total	10,755
Accumulated Depreciation	924
Brooklyn II, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,920
Initial cost	'
Land	1,601
Building and Improvements	9,073
Costs Subsequent to Acquisition	417
Gross Carrying Amount at year end	'
Land	1,601
Building and Improvements	8,192
Total	9,793
Accumulated Depreciation	837
Brooklyn III, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	41,635
Initial cost	'
Land	3,195
Building and Improvements	15,657
Costs Subsequent to Acquisition	70
Gross Carrying Amount at year end	'
Land	3,195
Building and Improvements	15,809
Total	19,004
Accumulated Depreciation	818
Brooklyn IV, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	37,467
Initial cost	'
Land	2,500
Building and Improvements	12,252
Costs Subsequent to Acquisition	127
Gross Carrying Amount at year end	'
Land	2,500
Building and Improvements	12,442
Total	14,942
Accumulated Depreciation	716
Brooklyn V, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,010
Initial cost	'
Land	2,207
Building and Improvements	10,814
Costs Subsequent to Acquisition	68
Gross Carrying Amount at year end	'
Land	2,207
Building and Improvements	10,936
Total	13,143
Accumulated Depreciation	853
Brooklyn VI, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,980
Initial cost	'
Land	4,016
Building and Improvements	19,680
Costs Subsequent to Acquisition	49
Gross Carrying Amount at year end	'
Land	4,016
Building and Improvements	19,836
Total	23,852
Accumulated Depreciation	1,482
Brooklyn VII, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	72,685
Initial cost	'
Land	5,816
Building and Improvements	28,498
Costs Subsequent to Acquisition	94
Gross Carrying Amount at year end	'
Land	5,816
Building and Improvements	28,756
Total	34,572
Accumulated Depreciation	1,839
Jamaica I, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	88,485
Initial cost	'
Land	2,043
Building and Improvements	11,658
Costs Subsequent to Acquisition	1,542
Gross Carrying Amount at year end	'
Land	2,043
Building and Improvements	10,577
Total	12,620
Accumulated Depreciation	3,867
Jamaica II, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	91,245
Initial cost	'
Land	5,496
Building and Improvements	26,930
Costs Subsequent to Acquisition	116
Gross Carrying Amount at year end	'
Land	5,496
Building and Improvements	27,189
Total	32,685
Accumulated Depreciation	1,797
New Rochelle I, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,068
Initial cost	'
Land	1,673
Building and Improvements	4,827
Costs Subsequent to Acquisition	390
Gross Carrying Amount at year end	'
Land	1,673
Building and Improvements	4,568
Total	6,241
Accumulated Depreciation	1,137
New Rochelle II, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	63,145
Encumbrances	8,676
Initial cost	'
Land	3,167
Building and Improvements	2,713
Costs Subsequent to Acquisition	248
Gross Carrying Amount at year end	'
Land	3,762
Building and Improvements	18,794
Total	22,556
Accumulated Depreciation	1,053
North Babylon, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	78,188
Initial cost	'
Land	225
Building and Improvements	2,514
Costs Subsequent to Acquisition	4,071
Gross Carrying Amount at year end	'
Land	568
Building and Improvements	5,497
Total	6,065
Accumulated Depreciation	2,383
Riverhead, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	38,340
Initial cost	'
Land	1,068
Building and Improvements	1,149
Costs Subsequent to Acquisition	190
Gross Carrying Amount at year end	'
Land	1,068
Building and Improvements	1,106
Total	2,174
Accumulated Depreciation	330
Southold, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,451
Initial cost	'
Land	2,079
Building and Improvements	2,238
Costs Subsequent to Acquisition	240
Gross Carrying Amount at year end	'
Land	2,079
Building and Improvements	2,073
Total	4,152
Accumulated Depreciation	633
Staten Island, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	96,823
Initial cost	'
Land	1,919
Building and Improvements	9,463
Costs Subsequent to Acquisition	3
Gross Carrying Amount at year end	'
Land	1,919
Building and Improvements	9,466
Total	11,385
Accumulated Depreciation	707
Tuckahoe, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	51,343
Initial cost	'
Land	1,516
Building and Improvements	13,236
Costs Subsequent to Acquisition	149
Gross Carrying Amount at year end	'
Land	1,516
Building and Improvements	7,614
Total	9,130
Accumulated Depreciation	1,051
West Hempstead, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	84,507
Initial cost	'
Land	2,237
Building and Improvements	11,030
Costs Subsequent to Acquisition	101
Gross Carrying Amount at year end	'
Land	2,237
Building and Improvements	11,130
Total	13,367
Accumulated Depreciation	444
White Plains, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	86,400
Initial cost	'
Land	3,295
Building and Improvements	18,049
Costs Subsequent to Acquisition	833
Gross Carrying Amount at year end	'
Land	3,295
Building and Improvements	16,391
Total	19,686
Accumulated Depreciation	1,389
Woodhaven, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,665
Initial cost	'
Land	2,028
Building and Improvements	11,285
Costs Subsequent to Acquisition	45
Gross Carrying Amount at year end	'
Land	2,028
Building and Improvements	10,032
Total	12,060
Accumulated Depreciation	680
Wyckoff, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	61,835
Initial cost	'
Land	1,961
Building and Improvements	11,113
Costs Subsequent to Acquisition	172
Gross Carrying Amount at year end	'
Land	1,961
Building and Improvements	9,803
Total	11,764
Accumulated Depreciation	933
Yorktown, NY	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	78,615
Initial cost	'
Land	2,710
Building and Improvements	13,338
Costs Subsequent to Acquisition	48
Gross Carrying Amount at year end	'
Land	2,710
Building and Improvements	13,399
Total	16,109
Accumulated Depreciation	713
Cleveland I, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	46,000
Initial cost	'
Land	525
Building and Improvements	2,592
Costs Subsequent to Acquisition	145
Gross Carrying Amount at year end	'
Land	524
Building and Improvements	2,388
Total	2,912
Accumulated Depreciation	669
Cleveland II, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,425
Initial cost	'
Land	290
Building and Improvements	1,427
Costs Subsequent to Acquisition	170
Gross Carrying Amount at year end	'
Land	289
Building and Improvements	1,346
Total	1,635
Accumulated Depreciation	379
Columbus, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,905
Initial cost	'
Land	1,234
Building and Improvements	3,151
Costs Subsequent to Acquisition	41
Gross Carrying Amount at year end	'
Land	1,239
Building and Improvements	2,716
Total	3,955
Accumulated Depreciation	691
Grove City, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	89,290
Initial cost	'
Land	1,756
Building and Improvements	4,485
Costs Subsequent to Acquisition	158
Gross Carrying Amount at year end	'
Land	1,761
Building and Improvements	4,025
Total	5,786
Accumulated Depreciation	983
Hilliard, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	89,690
Initial cost	'
Land	1,361
Building and Improvements	3,476
Costs Subsequent to Acquisition	190
Gross Carrying Amount at year end	'
Land	1,366
Building and Improvements	3,178
Total	4,544
Accumulated Depreciation	776
Lakewood, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	39,337
Initial cost	'
Land	405
Building and Improvements	854
Costs Subsequent to Acquisition	513
Gross Carrying Amount at year end	'
Land	405
Building and Improvements	1,235
Total	1,640
Accumulated Depreciation	848
Middleburg Heights, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	93,200
Initial cost	'
Land	63
Building and Improvements	704
Costs Subsequent to Acquisition	2,161
Gross Carrying Amount at year end	'
Land	332
Building and Improvements	2,257
Total	2,589
Accumulated Depreciation	1,014
North Olmsted I, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,665
Initial cost	'
Land	63
Building and Improvements	704
Costs Subsequent to Acquisition	1,322
Gross Carrying Amount at year end	'
Land	214
Building and Improvements	1,586
Total	1,800
Accumulated Depreciation	789
North Olmsted II, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,850
Initial cost	'
Land	290
Building and Improvements	1,129
Costs Subsequent to Acquisition	1,127
Gross Carrying Amount at year end	'
Land	469
Building and Improvements	1,993
Total	2,462
Accumulated Depreciation	1,331
North Randall, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	80,239
Initial cost	'
Land	515
Building and Improvements	2,323
Costs Subsequent to Acquisition	3,021
Gross Carrying Amount at year end	'
Land	898
Building and Improvements	4,196
Total	5,094
Accumulated Depreciation	1,720
Reynoldsburg, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	67,295
Initial cost	'
Land	1,290
Building and Improvements	3,295
Costs Subsequent to Acquisition	233
Gross Carrying Amount at year end	'
Land	1,295
Building and Improvements	3,074
Total	4,369
Accumulated Depreciation	764
Strongsville, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	43,507
Initial cost	'
Land	570
Building and Improvements	3,486
Costs Subsequent to Acquisition	329
Gross Carrying Amount at year end	'
Land	570
Building and Improvements	2,982
Total	3,552
Accumulated Depreciation	596
Warrensville Heights, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	90,281
Initial cost	'
Land	525
Building and Improvements	766
Costs Subsequent to Acquisition	2,885
Gross Carrying Amount at year end	'
Land	935
Building and Improvements	3,065
Total	4,000
Accumulated Depreciation	1,224
Westlake, OH	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	62,750
Initial cost	'
Land	509
Building and Improvements	2,508
Costs Subsequent to Acquisition	189
Gross Carrying Amount at year end	'
Land	508
Building and Improvements	2,309
Total	2,817
Accumulated Depreciation	660
Conshohocken, PA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	81,470
Initial cost	'
Land	1,726
Building and Improvements	8,508
Costs Subsequent to Acquisition	79
Gross Carrying Amount at year end	'
Land	1,726
Building and Improvements	8,588
Total	10,314
Accumulated Depreciation	345
Exton, PA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,750
Initial cost	'
Land	541
Building and Improvements	2,668
Costs Subsequent to Acquisition	83
Gross Carrying Amount at year end	'
Land	541
Building and Improvements	2,751
Total	3,292
Accumulated Depreciation	95
Langhorne, PA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	65,050
Initial cost	'
Land	1,019
Building and Improvements	5,023
Costs Subsequent to Acquisition	32
Gross Carrying Amount at year end	'
Land	1,019
Building and Improvements	5,055
Total	6,074
Accumulated Depreciation	201
Levittown, PA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	76,180
Initial cost	'
Land	926
Building and Improvements	5,296
Costs Subsequent to Acquisition	1,146
Gross Carrying Amount at year end	'
Land	926
Building and Improvements	5,430
Total	6,356
Accumulated Depreciation	1,968
Malvern, PA	'
Initial cost	'
Land	2,959
Building and Improvements	18,198
Gross Carrying Amount at year end	'
Land	2,959
Building and Improvements	18,198
Total	21,157
Accumulated Depreciation	41
Montgomeryville, PA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	84,145
Initial cost	'
Land	975
Building and Improvements	4,809
Costs Subsequent to Acquisition	100
Gross Carrying Amount at year end	'
Land	975
Building and Improvements	4,908
Total	5,883
Accumulated Depreciation	199
Norristown, PA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	52,031
Initial cost	'
Land	777
Building and Improvements	3,709
Costs Subsequent to Acquisition	469
Gross Carrying Amount at year end	'
Land	777
Building and Improvements	4,282
Total	5,059
Accumulated Depreciation	223
Philadelphia, PA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	97,364
Initial cost	'
Land	1,461
Building and Improvements	8,334
Costs Subsequent to Acquisition	1,615
Gross Carrying Amount at year end	'
Land	1,461
Building and Improvements	6,771
Total	8,232
Accumulated Depreciation	2,557
Antioch, TN	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	76,190
Initial cost	'
Land	588
Building and Improvements	4,906
Costs Subsequent to Acquisition	247
Gross Carrying Amount at year end	'
Land	588
Building and Improvements	4,386
Total	4,974
Accumulated Depreciation	1,130
Nashville I, TN	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	103,560
Initial cost	'
Land	405
Building and Improvements	3,379
Costs Subsequent to Acquisition	428
Gross Carrying Amount at year end	'
Land	405
Building and Improvements	3,229
Total	3,634
Accumulated Depreciation	855
Nashville II, TN	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	83,384
Initial cost	'
Land	593
Building and Improvements	4,950
Costs Subsequent to Acquisition	174
Gross Carrying Amount at year end	'
Land	593
Building and Improvements	4,434
Total	5,027
Accumulated Depreciation	1,162
Nashville III, TN	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	101,575
Initial cost	'
Land	416
Building and Improvements	3,469
Costs Subsequent to Acquisition	168
Gross Carrying Amount at year end	'
Land	416
Building and Improvements	3,305
Total	3,721
Accumulated Depreciation	842
Nashville IV, TN	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	102,450
Initial cost	'
Land	992
Building and Improvements	8,274
Costs Subsequent to Acquisition	336
Gross Carrying Amount at year end	'
Land	992
Building and Improvements	7,370
Total	8,362
Accumulated Depreciation	1,871
Allen, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	62,290
Encumbrances	3,670
Initial cost	'
Land	714
Building and Improvements	3,519
Costs Subsequent to Acquisition	54
Gross Carrying Amount at year end	'
Land	714
Building and Improvements	3,573
Total	4,287
Accumulated Depreciation	159
Austin I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,520
Initial cost	'
Land	2,239
Building and Improvements	2,038
Costs Subsequent to Acquisition	141
Gross Carrying Amount at year end	'
Land	2,410
Building and Improvements	1,854
Total	4,264
Accumulated Depreciation	483
Austin II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	65,151
Initial cost	'
Land	734
Building and Improvements	3,894
Costs Subsequent to Acquisition	227
Gross Carrying Amount at year end	'
Land	738
Building and Improvements	3,559
Total	4,297
Accumulated Depreciation	854
Austin III, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	70,535
Initial cost	'
Land	1,030
Building and Improvements	5,468
Costs Subsequent to Acquisition	186
Gross Carrying Amount at year end	'
Land	1,035
Building and Improvements	4,995
Total	6,030
Accumulated Depreciation	1,134
Bryan, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,450
Initial cost	'
Land	1,394
Building and Improvements	1,268
Costs Subsequent to Acquisition	134
Gross Carrying Amount at year end	'
Land	1,396
Building and Improvements	1,181
Total	2,577
Accumulated Depreciation	317
Carrollton, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	77,440
Initial cost	'
Land	661
Building and Improvements	3,261
Costs Subsequent to Acquisition	37
Gross Carrying Amount at year end	'
Land	661
Building and Improvements	3,298
Total	3,959
Accumulated Depreciation	105
College Station, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	26,550
Initial cost	'
Land	812
Building and Improvements	740
Costs Subsequent to Acquisition	113
Gross Carrying Amount at year end	'
Land	813
Building and Improvements	703
Total	1,516
Accumulated Depreciation	181
Cypress, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,711
Initial cost	'
Land	360
Building and Improvements	1,773
Costs Subsequent to Acquisition	32
Gross Carrying Amount at year end	'
Land	360
Building and Improvements	1,806
Total	2,166
Accumulated Depreciation	81
Dallas I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,582
Initial cost	'
Land	2,475
Building and Improvements	2,253
Costs Subsequent to Acquisition	329
Gross Carrying Amount at year end	'
Land	2,475
Building and Improvements	2,135
Total	4,610
Accumulated Depreciation	540
Dallas II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	79,155
Initial cost	'
Land	940
Building and Improvements	4,635
Gross Carrying Amount at year end	'
Land	940
Building and Improvements	4,635
Total	5,575
Accumulated Depreciation	476
Denton, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,846
Initial cost	'
Land	553
Building and Improvements	2,936
Costs Subsequent to Acquisition	194
Gross Carrying Amount at year end	'
Land	569
Building and Improvements	2,654
Total	3,223
Accumulated Depreciation	595
El Paso I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,852
Initial cost	'
Land	1,983
Building and Improvements	1,805
Costs Subsequent to Acquisition	221
Gross Carrying Amount at year end	'
Land	1,984
Building and Improvements	1,697
Total	3,681
Accumulated Depreciation	449
El Paso II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	48,704
Initial cost	'
Land	1,319
Building and Improvements	1,201
Costs Subsequent to Acquisition	186
Gross Carrying Amount at year end	'
Land	1,320
Building and Improvements	1,169
Total	2,489
Accumulated Depreciation	306
El Paso III, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,152
Initial cost	'
Land	2,408
Building and Improvements	2,192
Costs Subsequent to Acquisition	213
Gross Carrying Amount at year end	'
Land	2,409
Building and Improvements	2,073
Total	4,482
Accumulated Depreciation	540
El Paso IV, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	66,906
Initial cost	'
Land	2,073
Building and Improvements	1,888
Costs Subsequent to Acquisition	28
Gross Carrying Amount at year end	'
Land	2,074
Building and Improvements	1,604
Total	3,678
Accumulated Depreciation	505
El Paso V, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	62,290
Initial cost	'
Land	1,758
Building and Improvements	1,617
Costs Subsequent to Acquisition	141
Gross Carrying Amount at year end	'
Land	1,761
Building and Improvements	1,498
Total	3,259
Accumulated Depreciation	397
El Paso VI, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	36,620
Initial cost	'
Land	660
Building and Improvements	607
Costs Subsequent to Acquisition	145
Gross Carrying Amount at year end	'
Land	662
Building and Improvements	618
Total	1,280
Accumulated Depreciation	165
El Paso VII, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	33,945
Initial cost	'
Land	563
Building and Improvements	517
Costs Subsequent to Acquisition	144
Gross Carrying Amount at year end	'
Land	565
Building and Improvements	550
Total	1,115
Accumulated Depreciation	9
Fort Worth I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,521
Initial cost	'
Land	1,253
Building and Improvements	1,141
Costs Subsequent to Acquisition	180
Gross Carrying Amount at year end	'
Land	1,253
Building and Improvements	1,087
Total	2,340
Accumulated Depreciation	271
Fort Worth II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	72,900
Initial cost	'
Land	868
Building and Improvements	4,607
Costs Subsequent to Acquisition	260
Gross Carrying Amount at year end	'
Land	874
Building and Improvements	4,200
Total	5,074
Accumulated Depreciation	1,000
Frisco I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	50,754
Initial cost	'
Land	1,093
Building and Improvements	3,148
Costs Subsequent to Acquisition	86
Gross Carrying Amount at year end	'
Land	1,093
Building and Improvements	2,796
Total	3,889
Accumulated Depreciation	722
Frisco II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,099
Initial cost	'
Land	1,564
Building and Improvements	4,507
Costs Subsequent to Acquisition	92
Gross Carrying Amount at year end	'
Land	1,564
Building and Improvements	3,988
Total	5,552
Accumulated Depreciation	1,034
Frisco III, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	74,915
Initial cost	'
Land	1,147
Building and Improvements	6,088
Costs Subsequent to Acquisition	232
Gross Carrying Amount at year end	'
Land	1,154
Building and Improvements	5,515
Total	6,669
Accumulated Depreciation	1,310
Frisco IV, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	75,035
Initial cost	'
Land	719
Building and Improvements	4,072
Costs Subsequent to Acquisition	106
Gross Carrying Amount at year end	'
Land	719
Building and Improvements	3,620
Total	4,339
Accumulated Depreciation	375
Garland I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	70,100
Initial cost	'
Land	751
Building and Improvements	3,984
Costs Subsequent to Acquisition	396
Gross Carrying Amount at year end	'
Land	767
Building and Improvements	3,794
Total	4,561
Accumulated Depreciation	884
Garland II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	68,425
Initial cost	'
Land	862
Building and Improvements	4,578
Costs Subsequent to Acquisition	198
Gross Carrying Amount at year end	'
Land	862
Building and Improvements	4,179
Total	5,041
Accumulated Depreciation	910
Houston III, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,820
Initial cost	'
Land	575
Building and Improvements	524
Costs Subsequent to Acquisition	283
Gross Carrying Amount at year end	'
Land	576
Building and Improvements	694
Total	1,270
Accumulated Depreciation	189
Houston IV, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	43,750
Initial cost	'
Land	960
Building and Improvements	875
Costs Subsequent to Acquisition	307
Gross Carrying Amount at year end	'
Land	961
Building and Improvements	988
Total	1,949
Accumulated Depreciation	234
Houston V, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	126,065
Initial cost	'
Land	1,153
Building and Improvements	6,122
Costs Subsequent to Acquisition	572
Gross Carrying Amount at year end	'
Land	1,156
Building and Improvements	5,833
Total	6,989
Accumulated Depreciation	1,277
Houston VI, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,680
Initial cost	'
Land	575
Building and Improvements	524
Costs Subsequent to Acquisition	5,706
Gross Carrying Amount at year end	'
Land	983
Building and Improvements	4,909
Total	5,892
Accumulated Depreciation	403
Houston VII, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,227
Initial cost	'
Land	681
Building and Improvements	3,355
Costs Subsequent to Acquisition	75
Gross Carrying Amount at year end	'
Land	681
Building and Improvements	3,430
Total	4,111
Accumulated Depreciation	210
Houston VIII, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,213
Initial cost	'
Land	1,294
Building and Improvements	6,377
Costs Subsequent to Acquisition	98
Gross Carrying Amount at year end	'
Land	1,294
Building and Improvements	6,476
Total	7,770
Accumulated Depreciation	290
Houston IX, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	51,197
Initial cost	'
Land	296
Building and Improvements	1,459
Costs Subsequent to Acquisition	50
Gross Carrying Amount at year end	'
Land	296
Building and Improvements	1,509
Total	1,805
Accumulated Depreciation	67
Katy, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,308
Initial cost	'
Land	1,329
Building and Improvements	6,552
Gross Carrying Amount at year end	'
Land	1,329
Building and Improvements	6,553
Total	7,882
Accumulated Depreciation	905
Keller, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	61,885
Initial cost	'
Land	890
Building and Improvements	4,727
Costs Subsequent to Acquisition	127
Gross Carrying Amount at year end	'
Land	890
Building and Improvements	4,269
Total	5,159
Accumulated Depreciation	1,023
Lewisville I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	58,140
Initial cost	'
Land	476
Building and Improvements	2,525
Costs Subsequent to Acquisition	291
Gross Carrying Amount at year end	'
Land	492
Building and Improvements	2,402
Total	2,894
Accumulated Depreciation	546
Lewisville II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	127,509
Initial cost	'
Land	1,464
Building and Improvements	7,217
Costs Subsequent to Acquisition	18
Gross Carrying Amount at year end	'
Land	1,464
Building and Improvements	7,235
Total	8,699
Accumulated Depreciation	542
Mansfield I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	63,025
Initial cost	'
Land	837
Building and Improvements	4,443
Costs Subsequent to Acquisition	178
Gross Carrying Amount at year end	'
Land	843
Building and Improvements	4,044
Total	4,887
Accumulated Depreciation	951
Mansfield II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,775
Initial cost	'
Land	662
Building and Improvements	3,261
Costs Subsequent to Acquisition	40
Gross Carrying Amount at year end	'
Land	662
Building and Improvements	3,300
Total	3,962
Accumulated Depreciation	166
McKinney I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	47,020
Initial cost	'
Land	1,632
Building and Improvements	1,486
Costs Subsequent to Acquisition	125
Gross Carrying Amount at year end	'
Land	1,634
Building and Improvements	1,373
Total	3,007
Accumulated Depreciation	352
McKinney II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	70,050
Encumbrances	3,839
Initial cost	'
Land	855
Building and Improvements	5,076
Costs Subsequent to Acquisition	153
Gross Carrying Amount at year end	'
Land	857
Building and Improvements	4,604
Total	5,461
Accumulated Depreciation	1,095
North Richland Hills, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	57,200
Initial cost	'
Land	2,252
Building and Improvements	2,049
Costs Subsequent to Acquisition	115
Gross Carrying Amount at year end	'
Land	2,252
Building and Improvements	1,799
Total	4,051
Accumulated Depreciation	464
Pearland, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	72,060
Initial cost	'
Land	450
Building and Improvements	2,216
Costs Subsequent to Acquisition	47
Gross Carrying Amount at year end	'
Land	450
Building and Improvements	2,264
Total	2,714
Accumulated Depreciation	102
Roanoke, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	59,420
Initial cost	'
Land	1,337
Building and Improvements	1,217
Costs Subsequent to Acquisition	79
Gross Carrying Amount at year end	'
Land	1,337
Building and Improvements	1,097
Total	2,434
Accumulated Depreciation	285
Richmond, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	125,275
Initial cost	'
Land	1,437
Building and Improvements	7,083
Gross Carrying Amount at year end	'
Land	1,437
Building and Improvements	7,083
Total	8,520
Accumulated Depreciation	265
San Antonio I, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	73,309
Initial cost	'
Land	2,895
Building and Improvements	2,635
Costs Subsequent to Acquisition	260
Gross Carrying Amount at year end	'
Land	2,895
Building and Improvements	2,364
Total	5,259
Accumulated Depreciation	592
San Antonio II, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	73,230
Initial cost	'
Land	1,047
Building and Improvements	5,558
Costs Subsequent to Acquisition	142
Gross Carrying Amount at year end	'
Land	1,052
Building and Improvements	5,007
Total	6,059
Accumulated Depreciation	1,095
San Antonio III, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,775
Initial cost	'
Land	996
Building and Improvements	5,286
Costs Subsequent to Acquisition	215
Gross Carrying Amount at year end	'
Land	996
Building and Improvements	4,780
Total	5,776
Accumulated Depreciation	1,014
Spring, TX	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	72,751
Initial cost	'
Land	580
Building and Improvements	3,081
Costs Subsequent to Acquisition	156
Gross Carrying Amount at year end	'
Land	580
Building and Improvements	2,789
Total	3,369
Accumulated Depreciation	666
Murray I, UT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	60,280
Initial cost	'
Land	3,847
Building and Improvements	1,017
Costs Subsequent to Acquisition	418
Gross Carrying Amount at year end	'
Land	3,848
Building and Improvements	1,221
Total	5,069
Accumulated Depreciation	324
Murray II, UT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	71,221
Initial cost	'
Land	2,147
Building and Improvements	567
Costs Subsequent to Acquisition	411
Gross Carrying Amount at year end	'
Land	2,148
Building and Improvements	819
Total	2,967
Accumulated Depreciation	249
Salt Lake City I, UT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	56,446
Initial cost	'
Land	2,695
Building and Improvements	712
Costs Subsequent to Acquisition	427
Gross Carrying Amount at year end	'
Land	2,696
Building and Improvements	962
Total	3,658
Accumulated Depreciation	240
Salt Lake City II, UT	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	51,676
Initial cost	'
Land	2,074
Building and Improvements	548
Costs Subsequent to Acquisition	355
Gross Carrying Amount at year end	'
Land	1,931
Building and Improvements	738
Total	2,669
Accumulated Depreciation	195
Alexandria, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	114,650
Encumbrances	9,418
Initial cost	'
Land	2,812
Building and Improvements	13,865
Costs Subsequent to Acquisition	109
Gross Carrying Amount at year end	'
Land	2,812
Building and Improvements	13,974
Total	16,786
Accumulated Depreciation	630
Burke Lake, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	91,747
Encumbrances	7,219
Initial cost	'
Land	2,093
Building and Improvements	10,940
Costs Subsequent to Acquisition	1,018
Gross Carrying Amount at year end	'
Land	2,093
Building and Improvements	10,362
Total	12,455
Accumulated Depreciation	961
Fairfax, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	73,650
Initial cost	'
Land	2,276
Building and Improvements	11,220
Costs Subsequent to Acquisition	111
Gross Carrying Amount at year end	'
Land	2,276
Building and Improvements	11,331
Total	13,607
Accumulated Depreciation	449
Fredericksburg I, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	69,475
Initial cost	'
Land	1,680
Building and Improvements	4,840
Costs Subsequent to Acquisition	277
Gross Carrying Amount at year end	'
Land	1,680
Building and Improvements	4,444
Total	6,124
Accumulated Depreciation	1,052
Fredericksburg II, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	61,207
Initial cost	'
Land	1,757
Building and Improvements	5,062
Costs Subsequent to Acquisition	293
Gross Carrying Amount at year end	'
Land	1,758
Building and Improvements	4,663
Total	6,421
Accumulated Depreciation	1,123
Leesburg, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	85,503
Encumbrances	4,548
Initial cost	'
Land	1,746
Building and Improvements	9,894
Costs Subsequent to Acquisition	68
Gross Carrying Amount at year end	'
Land	1,746
Building and Improvements	8,674
Total	10,420
Accumulated Depreciation	574
McLearen, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	68,960
Initial cost	'
Land	1,482
Building and Improvements	8,400
Costs Subsequent to Acquisition	143
Gross Carrying Amount at year end	'
Land	1,482
Building and Improvements	7,388
Total	8,870
Accumulated Depreciation	704
Manassas, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	73,045
Initial cost	'
Land	860
Building and Improvements	4,872
Costs Subsequent to Acquisition	73
Gross Carrying Amount at year end	'
Land	860
Building and Improvements	4,282
Total	5,142
Accumulated Depreciation	431
Vienna, VA	'
REAL ESTATE AND RELATED DEPRECIATION	'
Area of facility (in square feet)	54,698
Initial cost	'
Land	2,300
Building and Improvements	11,340
Costs Subsequent to Acquisition	61
Gross Carrying Amount at year end	'
Land	2,300
Building and Improvements	11,402
Total	13,702
Accumulated Depreciation	456
Divisional Offices	'
Initial cost	'
Costs Subsequent to Acquisition	168
Gross Carrying Amount at year end	'
Building and Improvements	168
Total	168
Accumulated Depreciation	26
USIFB	'
Initial cost	'
Costs Subsequent to Acquisition	12,753
Gross Carrying Amount at year end	'
Building and Improvements	12,752
Total	12,752
Accumulated Depreciation	$1,247

SCHEDULE_III_REAL_ESTATE_AND_R2

SCHEDULE III REAL ESTATE AND RELATED DEPRECIATION (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Activity in Storage facilities	'	'
Balance at beginning of year	$2,443,022	$2,107,469
Acquisitions & improvements	219,751	335,644
Fully depreciated assets	-14,398	-25,415
Real Estate Venture	'	93,679
Dispositions and other	-127,700	-71,265
Construction in progress	33,031	2,910
Balance at end of year	2,553,706	2,443,022
Activity in Accumulated depreciation	'	'
Balance at beginning of year	353,315	318,749
Depreciation expense	87,708	79,955
Fully depreciated assets	-14,398	-25,415
Dispositions and other	-28,089	-19,974
Balance at end of year	398,536	353,315
Storage facilities, net	$2,155,170	$2,089,707

CONSOLIDATED_BALANCE_SHEETS_LP

CONSOLIDATED BALANCE SHEETS (LP cube) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
ASSETS	'	'
Storage facilities	$2,553,706	$2,443,022
Less: Accumulated depreciation	-398,536	-353,315
Storage facilities, net (including VIE assets of $34,559 and $11,586)	2,155,170	2,089,707
Cash and cash equivalents	3,176	4,495
Restricted cash	4,025	6,070
Loan procurement costs, net of amortization	12,687	8,253
Investment in real estate venture, at equity	156,310	'
Other assets, net	27,256	41,794
Total assets	2,358,624	2,150,319
LIABILITIES AND CAPITAL	'	'
Unsecured senior notes	500,000	250,000
Revolving credit facility	38,600	45,000
Unsecured term loan	400,000	500,000
Mortgage loans and notes payable	200,218	228,759
Accounts payable, accrued expenses and other liabilities	57,599	60,708
Distributions payable	19,955	16,419
Deferred revenue	12,394	11,090
Security deposits	376	444
Total liabilities	1,229,142	1,112,420
Limited Partnership interests of third parties	36,275	47,990
Commitments and contingencies	'	'
Capital	'	'
Accumulated other comprehensive loss	-11,014	-19,796
Total liabilities and equity	2,358,624	2,150,319
CubeSmart, L.P. and Subsidiaries	'	'
ASSETS	'	'
Storage facilities	2,553,706	2,443,022
Less: Accumulated depreciation	-398,536	-353,315
Storage facilities, net (including VIE assets of $34,559 and $11,586)	2,155,170	2,089,707
Cash and cash equivalents	3,176	4,495
Restricted cash	4,025	6,070
Loan procurement costs, net of amortization	12,687	8,253
Investment in real estate venture, at equity	156,310	'
Other assets, net	27,256	41,794
Total assets	2,358,624	2,150,319
LIABILITIES AND CAPITAL	'	'
Unsecured senior notes	500,000	250,000
Revolving credit facility	38,600	45,000
Unsecured term loan	400,000	500,000
Mortgage loans and notes payable	200,218	228,759
Accounts payable, accrued expenses and other liabilities	57,599	60,708
Distributions payable	19,955	16,419
Deferred revenue	12,394	11,090
Security deposits	376	444
Total liabilities	1,229,142	1,112,420
Limited Partnership interests of third parties	36,275	47,990
Commitments and contingencies	'	'
Capital	'	'
Operating Partner	1,103,290	1,009,587
Accumulated other comprehensive loss	-11,014	-19,796
Total CubeSmart, L.P. capital	1,092,276	989,791
Noncontrolling interests in subsidiaries	931	118
Total capital	1,093,207	989,909
Total liabilities and equity	$2,358,624	$2,150,319

CONSOLIDATED_BALANCE_SHEETS_Pa1

CONSOLIDATED BALANCE SHEETS (Parenthetical) (LP cube) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Storage facilities, net	$2,155,170	$2,089,707
VIE	'	'
Storage facilities, net	34,559	11,586
CubeSmart, L.P. and Subsidiaries	'	'
Storage facilities, net	2,155,170	2,089,707
CubeSmart, L.P. and Subsidiaries | VIE	'	'
Storage facilities, net	$34,559	$11,586

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS (LP cube) (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
REVENUES	'	'	'
Rental income	$281,250	$236,160	$188,249
Other property related income	32,365	25,821	18,987
Property management fee income	4,780	4,341	3,768
Total revenues	318,395	266,322	211,004
OPERATING EXPENSES	'	'	'
Property operating expenses	118,222	103,488	87,570
Depreciation and amortization	112,313	109,830	61,972
General and administrative	29,563	26,131	24,693
Total operating expenses	260,098	239,449	174,235
OPERATING INCOME	58,297	26,873	36,769
Interest:	'	'	'
Interest expense on loans	-40,424	-40,318	-32,787
Loan procurement amortization expense	-2,058	-3,279	-5,028
Loan procurement amortization expense - early repayment of debt	-414	'	-8,167
Acquisition related costs	-3,849	-3,086	-3,823
Equity in losses of real estate ventures	-1,151	-745	-281
Gain from remeasurement of investment in real estate venture	'	7,023	'
Other	8	256	-83
Total other expense	-47,888	-40,149	-50,169
INCOME (LOSS) FROM CONTINUING OPERATIONS	10,409	-13,276	-13,400
DISCONTINUED OPERATIONS	'	'	'
Income from discontinued operations	4,145	7,093	11,944
Gain from disposition of discontinued operations	27,440	9,811	3,903
Total discontinued operations	31,585	16,904	15,847
NET INCOME	41,994	3,628	2,447
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	'	'	'
Noncontrolling interest in subsidiaries	42	-1,918	-2,810
Distribution to preferred unitholders	-6,008	-6,008	-1,218
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS	35,440	-4,191	-1,616
Diluted earnings (loss) per unit from continuing operations attributable to common unitholders (in dollars per unit)	$0.03	($0.17)	($0.16)
Diluted earnings per unit from discontinued operations attributable to common unitholders (in dollars per unit)	$0.23	$0.14	$0.14
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share)	$0.26	($0.03)	($0.02)
Weighted-average basic units outstanding (in units)	135,191	124,548	102,976
Weighted-average diluted units outstanding (in units)	137,742	124,548	102,976
AMOUNTS ATTRIBUTABLE TO COMMON UNITHOLDERS:	'	'	'
Income (loss) from continuing operations	4,392	-20,689	-16,734
Total discontinued operations	31,048	16,498	15,118
Net income (loss)	35,440	-4,191	-1,616
CubeSmart, L.P. and Subsidiaries	'	'	'
REVENUES	'	'	'
Rental income	281,250	236,160	188,249
Other property related income	32,365	25,821	18,987
Property management fee income	4,780	4,341	3,768
Total revenues	318,395	266,322	211,004
OPERATING EXPENSES	'	'	'
Property operating expenses	118,222	103,488	87,570
Depreciation and amortization	112,313	109,830	61,972
General and administrative	29,563	26,131	24,693
Total operating expenses	260,098	239,449	174,235
OPERATING INCOME	58,297	26,873	36,769
Interest:	'	'	'
Interest expense on loans	-40,424	-40,318	-32,787
Loan procurement amortization expense	-2,058	-3,279	-5,028
Loan procurement amortization expense - early repayment of debt	-414	'	-8,167
Acquisition related costs	-3,849	-3,086	-3,823
Equity in losses of real estate ventures	-1,151	-745	-281
Gain from remeasurement of investment in real estate venture	'	7,023	'
Other	8	256	-83
Total other expense	-47,888	-40,149	-50,169
INCOME (LOSS) FROM CONTINUING OPERATIONS	10,409	-13,276	-13,400
DISCONTINUED OPERATIONS	'	'	'
Income from discontinued operations	4,145	7,093	11,944
Gain from disposition of discontinued operations	27,440	9,811	3,903
Total discontinued operations	31,585	16,904	15,847
NET INCOME	41,994	3,628	2,447
NET LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTERESTS	'	'	'
Noncontrolling interest in subsidiaries	42	-1,918	-2,810
NET INCOME (LOSS) ATTRIBUTABLE TO CUBESMART L.P.	42,036	1,710	-363
Operating Partnership interests of third parties	-588	107	-35
NET INCOME (LOSS) ATTRIBUTABLE TO OPERATING PARTNER	41,448	1,817	-398
Distribution to preferred unitholders	-6,008	-6,008	-1,218
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY'S COMMON SHAREHOLDERS	35,440	-4,191	-1,616
Basic earnings (loss) per unit from continuing operations attributable to common unitholders (in dollars per unit)	$0.03	($0.17)	($0.17)
Basic earnings per unit from discontinued operations attributable to common unitholders (in dollars per unit)	$0.23	$0.14	$0.15
Basic earnings (loss) per unit attributable to common unitholders (in dollars per unit)	$0.26	($0.03)	($0.02)
Diluted earnings (loss) per unit from continuing operations attributable to common unitholders (in dollars per unit)	$0.03	($0.17)	($0.16)
Diluted earnings per unit from discontinued operations attributable to common unitholders (in dollars per unit)	$0.23	$0.14	$0.14
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share)	$0.26	($0.03)	($0.02)
Weighted-average basic units outstanding (in units)	135,191	124,548	102,976
Weighted-average diluted units outstanding (in units)	137,742	124,548	102,976
AMOUNTS ATTRIBUTABLE TO COMMON UNITHOLDERS:	'	'	'
Income (loss) from continuing operations	4,392	-20,689	-16,734
Total discontinued operations	31,048	16,498	15,118
Net income (loss)	$35,440	($4,191)	($1,616)

CONSOLIDATED_STATEMENTS_OF_COM1

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (LP cube) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
NET INCOME	$41,994	$3,628	$2,447
Other comprehensive (loss) income:	'	'	'
Unrealized gains (losses) on interest rate swaps	2,636	-13,548	-14,477
Reclassification of realized losses on interest rate swaps	6,266	6,082	2,083
Unrealized gain on foreign currency translation	56	172	151
OTHER COMPREHENSIVE INCOME (LOSS)	8,958	-7,294	-12,243
COMPREHENSIVE INCOME (LOSS)	50,952	-3,666	-9,796
Comprehensive (income) loss attributable to Operating Partnership interests of third parties	-740	445	503
Comprehensive loss (income) attributable to noncontrolling interest in subsidiaries	18	-1,927	-2,815
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	50,230	-5,148	-12,108
CubeSmart, L.P. and Subsidiaries	'	'	'
NET INCOME	41,994	3,628	2,447
Other comprehensive (loss) income:	'	'	'
Unrealized gains (losses) on interest rate swaps	2,636	-13,548	-14,477
Reclassification of realized losses on interest rate swaps	6,266	6,082	2,083
Unrealized gain on foreign currency translation	56	172	151
OTHER COMPREHENSIVE INCOME (LOSS)	8,958	-7,294	-12,243
COMPREHENSIVE INCOME (LOSS)	50,952	-3,666	-9,796
Comprehensive (income) loss attributable to Operating Partnership interests of third parties	-740	445	503
Comprehensive loss (income) attributable to noncontrolling interest in subsidiaries	18	-1,927	-2,815
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	$50,230	($5,148)	($12,108)

CONSOLIDATED_STATEMENTS_OF_CAP

CONSOLIDATED STATEMENTS OF CAPITAL EQUITY (LP cube) (USD $)	Total	Operating Partnership Interests of third parties	CubeSmart, L.P. and Subsidiaries	CubeSmart, L.P. and Subsidiaries	CubeSmart, L.P. and Subsidiaries	CubeSmart, L.P. and Subsidiaries	CubeSmart, L.P. and Subsidiaries	CubeSmart, L.P. and Subsidiaries	CubeSmart, L.P. and Subsidiaries
In Thousands, unless otherwise specified	USD ($)	USD ($)	USD ($)	Operating Partnership Interests of third parties	Total Shareholders' Equity	Operating Partner	Preferred Operating Partner	Accumulated Other Comprehensive (Loss) Income	Noncontrolling Interest in Subsidiaries
				USD ($)	USD ($)	USD ($)		USD ($)	USD ($)
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2010	$45,145	$45,145	'	$45,145	'	'	'	'	'
Balance at Dec. 31, 2010	'	'	765,408	'	724,216	725,337	'	-1,121	41,192
Balance (in units) at Dec. 31, 2010	'	'	'	'	'	98,597	'	'	'
Increase (Decrease) in Partners' Capital	'	'	'	'	'	'	'	'	'
Contributions from noncontrolling interests in subsidiaries	1	'	1	'	'	'	'	'	1
Issuance of common OP units, net	'	'	204,019	'	204,019	204,019	'	'	'
Issuance of common OP units, net (in units)	'	'	'	'	'	23,140	'	'	'
Issuance of restricted OP units	'	'	3	'	3	3	'	'	'
Issuance of restricted OP units (in units)	'	'	'	'	'	235	'	'	'
Issuance of preferred OP units, net	'	'	74,848	'	74,848	74,848	'	'	'
Issuance of preferred OP units, net (in units)	'	'	'	'	'	'	3,100	'	'
Conversion from OP units to shares	'	'	624	-624	624	624	'	'	'
Conversion from OP units to shares (in units)	'	'	'	'	'	63	'	'	'
Exercise of OP unit options	'	'	121	'	121	121	'	'	'
Exercise of OP unit options (in units)	'	'	'	'	'	24	'	'	'
Amortization of restricted OP units	'	'	1,677	'	1,677	1,677	'	'	'
OP unit compensation expense	'	'	1,527	'	1,527	1,527	'	'	'
Adjustment for Operating Partnership interests of third parties	-7,082	7,082	-7,082	7,082	-7,082	-7,082	'	'	'
Net income (loss)	-1,616	35	-1,616	35	-398	-398	'	'	2,810
Net income (loss), including temporary equity	2,412	'	2,412	'	'	'	'	'	'
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'
Unrealized gains (losses) on interest rate swaps	-11,849	-545	-11,849	-545	-11,849	'	'	-11,849	'
Unrealized gain on foreign currency translation	144	7	144	7	139	'	'	139	5
Preferred OP unit distributions	'	'	-1,218	'	-1,218	-1,218	'	'	'
Common OP unit distributions	'	'	-35,313	-1,368	-30,714	-30,714	'	'	-4,599
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2011	49,732	49,732	'	49,732	'	'	'	'	'
Balance at Dec. 31, 2011	'	'	995,322	'	955,913	968,744	'	-12,831	39,409
Balance (in units) at Dec. 31, 2011	'	'	'	'	'	122,059	3,100	'	'
Increase (Decrease) in Partners' Capital	'	'	'	'	'	'	'	'	'
Issuance of common OP units, net	'	'	102,079	'	102,079	102,079	'	'	'
Issuance of common OP units, net (in units)	'	'	'	'	'	7,900	'	'	'
Issuance of restricted OP units	'	'	2	'	2	2	'	'	'
Issuance of restricted OP units (in units)	'	'	'	'	'	246	'	'	'
Conversion from OP units to shares	'	'	19,247	-19,247	19,247	19,247	'	'	'
Conversion from OP units to shares (in units)	'	'	'	'	'	1,380	'	'	'
Exercise of OP unit options	'	'	1,629	'	1,629	1,629	'	'	'
Exercise of OP unit options (in units)	'	'	'	'	'	210	'	'	'
Amortization of restricted OP units	'	'	3,352	'	3,352	3,352	'	'	'
OP unit compensation expense	'	'	1,198	'	1,198	1,198	'	'	'
Acquisition of noncontrolling interest	-56,984	-132	-56,984	-132	-18,452	-18,452	'	'	-38,532
Adjustment for Operating Partnership interests of third parties	-19,520	19,520	-19,520	19,520	-19,520	-19,520	'	'	'
Net income (loss)	-4,191	-107	-4,191	-107	1,817	1,817	'	'	1,918
Net income (loss), including temporary equity	3,735	'	3,735	'	'	'	'	'	'
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'
Unrealized gains (losses) on interest rate swaps	-7,124	-342	-7,124	-342	-7,124	'	'	-7,124	'
Unrealized gain on foreign currency translation	168	4	168	4	159	'	'	159	9
Preferred OP unit distributions	'	'	-6,008	'	-6,008	-6,008	'	'	'
Common OP unit distributions	'	'	-47,187	-1,438	-44,501	-44,501	'	'	-2,686
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2012	47,990	47,990	47,990	47,990	'	'	'	'	'
Balance at Dec. 31, 2012	'	'	989,909	'	989,791	1,009,587	'	-19,796	118
Balance (in units) at Dec. 31, 2012	'	'	'	'	'	131,795	3,100	'	'
Increase (Decrease) in Partners' Capital	'	'	'	'	'	'	'	'	'
Contributions from noncontrolling interests in subsidiaries	831	'	831	'	'	'	'	'	831
Issuance of common OP units, net	'	'	100,287	'	100,287	100,287	'	'	'
Issuance of common OP units, net (in units)	'	'	'	'	'	5,700	'	'	'
Issuance of restricted OP units	'	'	3	'	3	3	'	'	'
Issuance of restricted OP units (in units)	'	'	'	'	'	301	'	'	'
Conversion from OP units to shares	'	'	14,698	-14,698	14,698	14,698	'	'	'
Conversion from OP units to shares (in units)	'	'	'	'	'	1,018	'	'	'
Exercise of OP unit options	'	'	3,710	'	3,710	3,710	'	'	'
Exercise of OP unit options (in units)	'	'	'	'	'	514	'	'	'
Amortization of restricted OP units	'	'	4,747	'	4,747	4,747	'	'	'
OP unit compensation expense	'	'	870	'	870	870	'	'	'
Adjustment for Operating Partnership interests of third parties	-3,292	3,292	-3,292	3,292	-3,292	-3,292	'	'	'
Net income (loss)	35,440	588	35,440	588	41,448	41,448	'	'	-42
Net income (loss), including temporary equity	41,406	'	41,406	'	'	'	'	'	'
Other comprehensive income (loss):	'	'	'	'	'	'	'	'	'
Unrealized gains (losses) on interest rate swaps	8,751	151	8,751	151	8,751	'	'	8,751	'
Unrealized gain on foreign currency translation	55	1	55	1	31	'	'	31	24
Preferred OP unit distributions	'	'	-6,008	'	-6,008	-6,008	'	'	'
Common OP unit distributions	'	'	-62,760	-1,049	-62,760	-62,760	'	'	'
Balance of Noncontrolling Interests in the Operating Partnership at Dec. 31, 2013	36,275	36,275	36,275	36,275	'	'	'	'	'
Balance at Dec. 31, 2013	'	'	$1,093,207	'	$1,092,276	$1,103,290	'	($11,014)	$931
Balance (in units) at Dec. 31, 2013	'	'	'	'	'	139,328	3,100	'	'

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (LP cube) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Activities	'	'	'
Net income	$41,994	$3,628	$2,447
Adjustments to reconcile net income to cash provided by operating activities:	'	'	'
Depreciation and amortization	117,074	118,573	73,702
Gain from disposition of discontinued operations	-27,440	-9,811	-3,903
Gain from remeasurement of investment in real estate venture	'	-7,023	'
Equity compensation expense	5,617	4,550	3,204
Accretion of fair market value adjustment of debt	-1,018	-707	-89
Loan procurement amortization expense - early repayment of debt	414	'	8,167
Changes in other operating accounts:	'	'	'
Other assets	-1,156	-2,125	-585
Restricted cash	567	3,545	-853
Accounts payable and accrued expenses	4,564	6,899	2,634
Other liabilities	1,095	154	-678
Net cash provided by operating activities	142,862	118,428	84,327
Investing Activities	'	'	'
Acquisitions of storage facilities	-181,612	-220,791	-445,320
Additions and improvements to storage facilities	-20,320	-22,395	-25,868
Development costs	-53,979	-4,227	'
Cash paid for remaining interest in real estate venture	'	-81,158	'
Investment in real estate venture, at equity	-157,461	'	-15,462
Cash distributions from real estate venture	'	909	'
Proceeds from sales of facilities, net	123,780	52,630	44,460
Proceeds from notes receivable	5,192	'	'
Change in restricted cash	1,476	3,096	90
Net cash used in investing activities	-282,924	-271,936	-442,100
Proceeds from:	'	'	'
Unsecured senior notes	247,488	249,638	'
Revolving credit facility	636,200	403,000	256,700
Unsecured term loans	'	100,000	400,000
Mortgage loans and notes payable	'	'	3,537
Principal payments on:	'	'	'
Revolving credit facility	-642,600	-358,000	-299,700
Unsecured term loans	-100,000	'	-200,000
Mortgage loans and notes payable	-36,496	-236,340	-39,321
Loan procurement costs	-4,400	-2,145	-5,484
Settlement of hedge transactions	'	-195	'
Proceeds from issuance of preferred OP units	'	'	74,848
Contributions from noncontrolling interests in subsidiaries	831	'	1
Cash paid for acquisition of noncontrolling interest	'	-61,113	'
Distributions paid to common OP unitholders	-59,159	-39,755	-27,849
Distributions paid to preferred OP unitholders	-6,008	-5,724	'
Distributions paid to noncontrolling interests in subsidiaries	'	-2,686	-4,599
Net cash provided by financing activities	138,743	148,934	360,951
Change in cash and cash equivalents	-1,319	-4,574	3,178
Cash and cash equivalents at beginning of year	4,495	9,069	5,891
Cash and cash equivalents at end of year	3,176	4,495	9,069
Supplemental Cash Flow and Noncash Information	'	'	'
Cash paid for interest, net of interest capitalized	43,130	33,578	33,265
Supplemental disclosure of noncash activities:	'	'	'
Consolidation of real estate venture	'	13,527	'
Derivative valuation adjustment	8,902	-7,271	-12,394
Foreign currency translation adjustment	56	172	151
Discount on issuance of unsecured senior notes	2,512	362	'
Mortgage loan assumption - acquisitions of storage facilities	8,866	107,011	21,827
CubeSmart, L.P. and Subsidiaries	'	'	'
Operating Activities	'	'	'
Net income	41,994	3,628	2,447
Adjustments to reconcile net income to cash provided by operating activities:	'	'	'
Depreciation and amortization	117,074	118,573	73,702
Gain from disposition of discontinued operations	-27,440	-9,811	-3,903
Gain from remeasurement of investment in real estate venture	'	-7,023	'
Equity compensation expense	5,617	4,550	3,204
Accretion of fair market value adjustment of debt	-1,018	-707	-89
Loan procurement amortization expense - early repayment of debt	414	'	8,167
Equity in losses of real estate ventures	1,151	745	281
Changes in other operating accounts:	'	'	'
Other assets	-1,156	-2,125	-585
Restricted cash	567	3,545	-853
Accounts payable and accrued expenses	4,564	6,899	2,634
Other liabilities	1,095	154	-678
Net cash provided by operating activities	142,862	118,428	84,327
Investing Activities	'	'	'
Acquisitions of storage facilities	-181,612	-220,791	-445,320
Additions and improvements to storage facilities	-20,320	-22,395	-25,868
Development costs	-53,979	-4,227	'
Cash paid for remaining interest in real estate venture	'	-81,158	'
Investment in real estate venture, at equity	-157,461	'	-15,462
Cash distributions from real estate venture	'	909	'
Proceeds from sales of facilities, net	123,780	52,630	44,460
Proceeds from notes receivable	5,192	'	'
Change in restricted cash	1,476	3,096	90
Net cash used in investing activities	-282,924	-271,936	-442,100
Proceeds from:	'	'	'
Unsecured senior notes	247,488	249,638	'
Revolving credit facility	636,200	403,000	256,700
Unsecured term loans	'	100,000	400,000
Mortgage loans and notes payable	'	'	3,537
Principal payments on:	'	'	'
Revolving credit facility	-642,600	-358,000	-299,700
Unsecured term loans	-100,000	'	-200,000
Mortgage loans and notes payable	-36,496	-236,340	-39,321
Loan procurement costs	-4,400	-2,145	-5,484
Settlement of hedge transactions	'	-195	'
Proceeds from issuance of common OP units	100,290	102,079	204,019
Proceeds from issuance of preferred OP units	'	'	74,848
Exercise of OP unit options	3,710	1,629	121
Contributions from noncontrolling interests in subsidiaries	831	'	1
Cash paid for acquisition of noncontrolling interest	'	-61,113	'
Distributions paid to common OP unitholders	-60,272	-41,209	-29,171
Distributions paid to preferred OP unitholders	-6,008	-5,724	'
Distributions paid to noncontrolling interests in subsidiaries	'	-2,686	-4,599
Net cash provided by financing activities	138,743	148,934	360,951
Change in cash and cash equivalents	-1,319	-4,574	3,178
Cash and cash equivalents at beginning of year	4,495	9,069	5,891
Cash and cash equivalents at end of year	3,176	4,495	9,069
Supplemental Cash Flow and Noncash Information	'	'	'
Cash paid for interest, net of interest capitalized	43,130	33,578	33,265
Supplemental disclosure of noncash activities:	'	'	'
Consolidation of real estate venture	'	13,527	'
Derivative valuation adjustment	8,902	-7,271	-12,394
Foreign currency translation adjustment	56	172	151
Discount on issuance of unsecured senior notes	2,512	362	'
Mortgage loan assumption - acquisitions of storage facilities	$8,866	$107,011	$21,827