Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2015 | Feb. 18, 2016 | Jun. 30, 2015 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2015 | ||
Document Fiscal Year Focus | 2,015 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | EXR | ||
Entity Registrant Name | Extra Space Storage Inc. | ||
Entity Central Index Key | 1,289,490 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 125,054,328 | ||
Entity Public Float | $ 7,668,549,404 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Assets: | ||
Real estate assets, net | $ 5,689,309 | $ 4,135,696 |
Investments in unconsolidated real estate ventures | 103,007 | 85,711 |
Cash and cash equivalents | 75,799 | 47,663 |
Restricted cash | 30,738 | 25,245 |
Receivables from related parties and affiliated real estate joint ventures | 2,205 | 11,778 |
Other assets, net | 170,349 | 75,894 |
Total assets | 6,071,407 | 4,381,987 |
Liabilities, Noncontrolling Interests and Equity: | ||
Notes payable, net | 2,758,567 | 1,858,981 |
Exchangeable senior notes, net | 623,863 | 235,724 |
Notes payable to trusts, net | 117,191 | 117,059 |
Lines of credit | 36,000 | 138,000 |
Accounts payable and accrued expenses | 82,693 | 65,521 |
Other liabilities | 80,489 | 54,719 |
Total liabilities | $ 3,698,803 | $ 2,470,004 |
Commitments and contingencies | ||
Extra Space Storage Inc. stockholders' equity: | ||
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued or outstanding | ||
Common stock, $0.01 par value, 500,000,000 shares authorized, 124,119,531 and 116,360,239 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively | $ 1,241 | $ 1,163 |
Additional paid-in capital | 2,431,754 | 1,995,484 |
Accumulated other comprehensive loss | (6,352) | (1,484) |
Accumulated deficit | (337,566) | (257,738) |
Total Extra Space Storage Inc. stockholders' equity | 2,089,077 | 1,737,425 |
Noncontrolling interest represented by Preferred Operating Partnership units, net of $120,230 notes receivable | 80,531 | 81,152 |
Noncontrolling interests in Operating Partnership | 202,834 | 92,422 |
Other noncontrolling interests | 162 | 984 |
Total noncontrolling interests and equity | 2,372,604 | 1,911,983 |
Total liabilities, noncontrolling interests and equity | $ 6,071,407 | $ 4,381,987 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 124,119,531 | 116,360,239 |
Common stock, shares outstanding | 124,119,531 | 116,360,239 |
Note receivable from noncontrolling interest represented by Preferred Operating Partnership units | $ 120,230 | $ 120,230 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Revenues: | |||
Property rental | $ 676,138 | $ 559,868 | $ 446,682 |
Tenant reinsurance | 71,971 | 59,072 | 47,317 |
Management fees and other income | 34,161 | 28,215 | 26,614 |
Total revenues | 782,270 | 647,155 | 520,613 |
Expenses: | |||
Property operations | 203,965 | 172,416 | 140,012 |
Tenant reinsurance | 13,033 | 10,427 | 9,022 |
Acquisition related costs | 69,401 | 9,826 | 8,618 |
General and administrative | 67,758 | 60,942 | 54,246 |
Depreciation and amortization | 133,457 | 115,076 | 95,232 |
Total expenses | 487,614 | 368,687 | 307,130 |
Income from operations | 294,656 | 278,468 | 213,483 |
Gain (loss) on real estate transactions and earnout from prior acquisitions | 1,501 | (10,285) | 960 |
Property casualty loss, net | (1,724) | ||
Loss on extinguishment of debt related to portfolio acquisition | (9,153) | ||
Interest expense | (95,682) | (81,330) | (71,630) |
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes | (3,310) | (2,683) | (1,404) |
Interest income | 3,461 | 1,607 | 749 |
Interest income on note receivable from Preferred Operating Partnership unit holder | 4,850 | 4,850 | 4,850 |
Income before equity in earnings of unconsolidated real estate ventures and income tax expense | 205,476 | 188,903 | 137,855 |
Equity in earnings of unconsolidated real estate ventures | 12,351 | 10,541 | 11,653 |
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partners' interests | 2,857 | 4,022 | 46,032 |
Income tax expense | (11,148) | (7,570) | (9,984) |
Net income | 209,536 | 195,896 | 185,556 |
Net income allocated to Preferred Operating Partnership noncontrolling interests | (11,718) | (10,991) | (8,006) |
Net income allocated to Operating Partnership and other noncontrolling interests | (8,344) | (6,550) | (5,474) |
Net income attributable to common stockholders | $ 189,474 | $ 178,355 | $ 172,076 |
Earnings per common share | |||
Basic | $ 1.58 | $ 1.54 | $ 1.54 |
Diluted | $ 1.56 | $ 1.53 | $ 1.53 |
Weighted average number of shares | |||
Basic | 119,816,743 | 115,713,807 | 111,349,361 |
Diluted | 126,918,869 | 121,435,267 | 113,105,094 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Statement of Comprehensive Income [Abstract] | |||
Net income | $ 209,536 | $ 195,896 | $ 185,556 |
Other comprehensive income (loss): | |||
Change in fair value of interest rate swaps | (4,929) | (12,061) | 25,335 |
Total comprehensive income | 204,607 | 183,835 | 210,891 |
Less: comprehensive income attributable to noncontrolling interests | 20,001 | 17,120 | 14,386 |
Comprehensive income attributable to common stockholders | $ 184,606 | $ 166,715 | $ 196,505 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Total | Series A Preferred Operating Partnership [Member] | Series B Preferred Operating Partnership [Member] | Series C Preferred Operating Partnership [Member] | Series D Preferred Operating Partnership [Member] | Common Operating Partnership [Member] | Other [Member] | Par Value [Member] | Additional Paid-in Capital [Member] | Accumulated Other Comprehensive Loss [Member] | Accumulated Deficit [Member] |
Balances at Dec. 31, 2012 | $ 1,545,331 | $ 29,918 | $ 22,492 | $ 1,114 | $ 1,107 | $ 1,740,037 | $ (14,273) | $ (235,064) | |||
Balances (in shares) at Dec. 31, 2012 | 110,737,205 | ||||||||||
Issuance of common stock upon the exercise of options | $ 5,896 | $ 4 | 5,892 | ||||||||
Issuance of common stock upon the exercise of options (in shares) | 391,543 | 391,543 | |||||||||
Restricted stock grants issued | $ 1 | $ 1 | |||||||||
Restricted stock grants issued (in shares) | 137,602 | ||||||||||
Restricted stock grants cancelled (in shares) | (23,323) | ||||||||||
Issuance of common stock, net of offering costs | 205,988 | $ 45 | 205,943 | ||||||||
Issuance of common stock, net of offering costs (in shares) | 4,500,000 | ||||||||||
Compensation expense related to stock-based awards | 4,819 | 4,819 | |||||||||
Purchase of additional equity interests in existing consolidated joint ventures | (2,489) | (1,008) | (1,481) | ||||||||
Noncontrolling interest related to consolidated joint venture | 870 | 870 | |||||||||
Issuance of exchangeable senior notes - equity component | 14,496 | 14,496 | |||||||||
Issuance of Operating Partnership units in conjunction with acquisitions | 119,216 | $ 33,568 | $ 17,177 | 68,471 | |||||||
Redemption of Operating Partnership units for common stock | 260 | (260) | |||||||||
Redemption of Operating Partnership units for common stock (in shares) | 12,500 | ||||||||||
Issuance of exchangeable senior notes - equity component | 14,496 | 14,496 | |||||||||
Net income | 185,556 | 7,255 | 673 | 78 | 5,425 | 49 | 172,076 | ||||
Other comprehensive income (loss) | 25,335 | 214 | 692 | 24,429 | |||||||
Tax effect from vesting of restricted stock grants and stock option exercises | 3,193 | 3,193 | |||||||||
Distributions to Operating Partnership units held by noncontrolling interests | (13,262) | (7,185) | (673) | (78) | (5,326) | ||||||
Dividends paid on common stock at $1.45, $1.81 and 2.24 per share for the years ended December 31, 2013, 2014 and 2015 respectively | (163,014) | (163,014) | |||||||||
Redemption of Operating Partnership units for cash | (41) | (41) | |||||||||
Net income | 185,556 | 7,255 | 673 | 78 | 5,425 | 49 | 172,076 | ||||
Other comprehensive income (loss) | 25,335 | 214 | 692 | 24,429 | |||||||
Tax effect from vesting of restricted stock grants and stock option exercises | 3,193 | 3,193 | |||||||||
Distributions to Operating Partnership units held by noncontrolling interests | (13,262) | (7,185) | (673) | (78) | (5,326) | ||||||
Dividends paid on common stock at $1.45, $1.81 and 2.24 per share for the years ended December 31, 2013, 2014 and 2015 respectively | (163,014) | (163,014) | |||||||||
Balances at Dec. 31, 2013 | 1,931,895 | 30,202 | 33,568 | 17,177 | 91,453 | 1,025 | $ 1,157 | 1,973,159 | 10,156 | (226,002) | |
Balances (in shares) at Dec. 31, 2013 | 115,755,527 | ||||||||||
Issuance of common stock upon the exercise of options | $ 3,095 | $ 2 | 3,093 | ||||||||
Issuance of common stock upon the exercise of options (in shares) | 211,747 | 211,747 | |||||||||
Restricted stock grants issued | $ 1 | $ 1 | |||||||||
Restricted stock grants issued (in shares) | 117,370 | ||||||||||
Restricted stock grants cancelled (in shares) | (23,595) | ||||||||||
Compensation expense related to stock-based awards | 4,984 | 4,984 | |||||||||
Issuance of Operating Partnership units in conjunction with acquisitions | 38,809 | 8,334 | 13,783 | $ 13,710 | 2,982 | ||||||
Redemption of Operating Partnership units for common stock | 10,240 | 398 | $ (3) | (10,635) | |||||||
Redemption of Operating Partnership units for common stock (in shares) | 299,190 | ||||||||||
Net income | 195,896 | 7,036 | 2,387 | 1,551 | 17 | 6,538 | 12 | 178,355 | |||
Other comprehensive income (loss) | (12,061) | (74) | (347) | (11,640) | |||||||
Tax effect from vesting of restricted stock grants and stock option exercises | 3,613 | 3,613 | |||||||||
Distributions to Operating Partnership units held by noncontrolling interests | (19,081) | (7,321) | (2,386) | (1,551) | (17) | (7,806) | |||||
Dividends paid on common stock at $1.45, $1.81 and 2.24 per share for the years ended December 31, 2013, 2014 and 2015 respectively | (210,091) | (210,091) | |||||||||
Redemption of Operating Partnership units for cash | (4,794) | (4,794) | |||||||||
Issuance of note receivable to Series C unit holders | (20,230) | (20,230) | |||||||||
Net income | 195,896 | 7,036 | 2,387 | 1,551 | 17 | 6,538 | 12 | 178,355 | |||
Other comprehensive income (loss) | (12,061) | (74) | (347) | (11,640) | |||||||
Tax effect from vesting of restricted stock grants and stock option exercises | 3,613 | 3,613 | |||||||||
Distributions to Operating Partnership units held by noncontrolling interests | (19,081) | (7,321) | (2,386) | (1,551) | (17) | (7,806) | |||||
Distributions to other noncontrolling interests | (53) | (53) | |||||||||
Dividends paid on common stock at $1.45, $1.81 and 2.24 per share for the years ended December 31, 2013, 2014 and 2015 respectively | (210,091) | (210,091) | |||||||||
Balances at Dec. 31, 2014 | $ 1,911,983 | 14,809 | 41,903 | 10,730 | 13,710 | 92,422 | 984 | $ 1,163 | 1,995,484 | (1,484) | (257,738) |
Balances (in shares) at Dec. 31, 2014 | 116,360,239 | 116,360,239 | |||||||||
Issuance of common stock upon the exercise of options | $ 1,542 | $ 1 | 1,541 | ||||||||
Issuance of common stock upon the exercise of options (in shares) | 79,974 | 79,974 | |||||||||
Restricted stock grants issued | $ 2 | $ 2 | |||||||||
Restricted stock grants issued (in shares) | 174,558 | ||||||||||
Restricted stock grants cancelled (in shares) | (18,090) | ||||||||||
Issuance of common stock, net of offering costs | 446,877 | $ 67 | 446,810 | ||||||||
Issuance of common stock, net of offering costs (in shares) | 6,735,000 | ||||||||||
Compensation expense related to stock-based awards | 6,055 | 6,055 | |||||||||
Purchase of remaining equity interest in existing consolidated joint venture | (1,268) | (822) | (446) | ||||||||
Issuance of exchangeable senior notes - equity component | 22,597 | 22,597 | |||||||||
Issuance of Operating Partnership units in conjunction with acquisitions | 142,399 | 142,399 | |||||||||
Redemption of Operating Partnership units for common stock | (28,106) | $ 8 | 28,098 | ||||||||
Repurchase of equity portion of 2013 exchangeable senior notes | (70,112) | (70,112) | |||||||||
Issuance of exchangeable senior notes - equity component | 22,597 | 22,597 | |||||||||
Net income | 209,536 | 6,445 | 2,514 | 2,074 | 685 | 8,344 | 189,474 | ||||
Other comprehensive income (loss) | (4,929) | (15) | (46) | (4,868) | |||||||
Tax effect from vesting of restricted stock grants and stock option exercises | 1,727 | 1,727 | |||||||||
Distributions to Operating Partnership units held by noncontrolling interests | (24,503) | (7,050) | (2,515) | (2,074) | (685) | (12,179) | |||||
Dividends paid on common stock at $1.45, $1.81 and 2.24 per share for the years ended December 31, 2013, 2014 and 2015 respectively | (269,302) | (269,302) | |||||||||
Net income | 209,536 | 6,445 | 2,514 | 2,074 | 685 | 8,344 | 189,474 | ||||
Other comprehensive income (loss) | (4,929) | (15) | (46) | (4,868) | |||||||
Tax effect from vesting of restricted stock grants and stock option exercises | 1,727 | 1,727 | |||||||||
Distributions to Operating Partnership units held by noncontrolling interests | (24,503) | (7,050) | (2,515) | (2,074) | (685) | (12,179) | |||||
Dividends paid on common stock at $1.45, $1.81 and 2.24 per share for the years ended December 31, 2013, 2014 and 2015 respectively | (269,302) | (269,302) | |||||||||
Balances at Dec. 31, 2015 | $ 2,372,604 | $ 14,189 | $ 41,902 | $ 10,730 | $ 13,710 | $ 202,834 | $ 162 | $ 1,241 | $ 2,431,754 | $ (6,352) | $ (337,566) |
Balances (in shares) at Dec. 31, 2015 | 124,119,531 | 124,119,531 |
Consolidated Statements of Sto7
Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Statement of Stockholders' Equity [Abstract] | |||
Dividends paid on common stock, per share | $ 2.24 | $ 1.81 | $ 1.45 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Cash flows from operating activities: | |||
Net income | $ 209,536 | $ 195,896 | $ 185,556 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 133,457 | 115,076 | 95,232 |
Amortization of deferred financing costs | 7,779 | 6,592 | 5,997 |
Loss (gain) on real estate transactions and earnout from prior acquisitions | (1,501) | 2,500 | |
Property casualty loss | 1,724 | ||
Loss on extinguishment of debt related to portfolio acquisition | 9,153 | ||
Gain on sale of real estate assets | (960) | ||
Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes | 3,310 | 2,683 | 1,404 |
Non-cash interest expense related to amortization of premium on notes payable | (2,409) | (3,079) | (1,194) |
Compensation expense related to stock-based awards | 6,055 | 4,984 | 4,819 |
Gain on sale of real estate assets and purchase of joint venture partners' interests | (2,857) | (3,438) | (46,032) |
Distributions from unconsolidated real estate ventures in excess of earnings | 4,531 | 4,510 | 4,838 |
Changes in operating assets and liabilities: | |||
Receivables from related parties and affiliated real estate joint ventures | (1,436) | 71 | 1,277 |
Other assets | (1,172) | (1,498) | 8,725 |
Accounts payable and accrued expenses | 108 | 4,920 | 8,302 |
Other liabilities | 11,928 | 6,640 | (5,858) |
Net cash provided by operating activities | 367,329 | 337,581 | 271,259 |
Cash flows from investing activities: | |||
Acquisition of SmartStop, net of cash acquired | (1,200,853) | ||
Acquisition of real estate assets | (349,897) | (503,538) | (349,959) |
Development and redevelopment of real estate assets | (26,931) | (23,528) | (6,466) |
Proceeds from sale of real estate assets | 800 | 6,964 | |
Change in restricted cash | 1,282 | (3,794) | (4,475) |
Investment in unconsolidated real estate ventures | (3,434) | (1,516) | |
Return of investment in unconsolidated real estate ventures | 45,080 | ||
Purchase/issuance of notes receivable | (84,331) | (29,258) | (5,000) |
Purchase of equipment and fixtures | (7,380) | (4,830) | (6,524) |
Net cash used in investing activities | (1,625,664) | (564,948) | (366,976) |
Cash flows from financing activities: | |||
Proceeds from the sale of common stock, net of offering costs | 446,877 | 205,988 | |
Net proceeds from the issuance of exchangeable senior notes | 563,500 | 246,250 | |
Repurchase of exchangeable senior notes | (227,212) | ||
Proceeds from notes payable and lines of credit | 2,121,802 | 917,664 | 582,185 |
Principal payments on notes payable and lines of credit | (1,313,570) | (533,128) | (664,372) |
Deferred financing costs | (9,779) | (5,305) | (7,975) |
Net proceeds from exercise of stock options | 1,542 | 3,095 | 5,896 |
Purchase of interest rate cap | (2,884) | ||
Redemption of Operating Partnership units held by noncontrolling interests | (4,794) | (41) | |
Dividends paid on common stock | (269,302) | (210,091) | (163,014) |
Distributions to noncontrolling interests | (24,503) | (19,134) | (13,262) |
Net cash provided by financing activities | 1,286,471 | 148,307 | 191,655 |
Net increase (decrease) in cash and cash equivalents | 28,136 | (79,060) | 95,938 |
Cash and cash equivalents, beginning of the period | 47,663 | 126,723 | 30,785 |
Cash and cash equivalents, end of the period | 75,799 | 47,663 | 126,723 |
Supplemental schedule of cash flow information | |||
Interest paid | 89,507 | 75,218 | 66,705 |
Income taxes paid | 1,782 | 3,418 | 1,916 |
Redemption of Operating Partnership units held by noncontrolling interests for common stock: | |||
Noncontrolling interests in Operating Partnership | (28,106) | 10,638 | 260 |
Common stock and paid-in capital | 28,106 | (10,638) | (260) |
Tax effect from vesting of restricted stock grants and option exercises | |||
Other assets | 1,727 | 3,613 | 3,193 |
Paid-in capital | (1,727) | (3,613) | (3,193) |
Acquisitions of real estate assets | |||
Real estate assets, net | 158,009 | 77,158 | 331,230 |
Notes payable assumed | 0 | (38,347) | (110,803) |
Notes payable assumed and immediately defeased | (98,960) | ||
Value of Operating Partnership units issued | (142,399) | $ (38,811) | (119,216) |
Receivables from related parties and affiliated real estate joint ventures | $ (15,610) | $ (2,251) |
Description of Business
Description of Business | 12 Months Ended |
Dec. 31, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description of Business | 1. DESCRIPTION OF BUSINESS Extra Space Storage Inc. (the “Company”) is a fully integrated, self-administered and self-managed self-storage The Company invests in stores by acquiring wholly-owned The Company operates in three distinct segments: (1) rental operations; (2) tenant reinsurance; and (3) property management, acquisition and development. The rental operations activities include rental operations of stores in which we have an ownership interest. No single tenant accounts for more than 5.0% of rental income. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company’s stores. The Company’s property management, acquisition and development activities include managing, acquiring, developing and selling stores. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements are presented on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its wholly- or majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Variable Interest Entities The Company accounts for arrangements that are not controlled through voting or similar rights as variable interest entities (“VIEs”). An enterprise is required to consolidate a VIE if it is the primary beneficiary of the VIE. A VIE is created when (i) the equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support from other parties, or (ii) the entity’s equity holders as a group either: (a) lack the power, through voting or similar rights, to direct the activities of the entity that most significantly impact the entity’s economic performance, (b) are not obligated to absorb expected losses of the entity if they occur, or (c) do not have the right to receive expected residual returns of the entity if they occur. If an entity is deemed to be a VIE, the enterprise that is deemed to have a variable interest, or combination of variable interests, that provides the enterprise with a controlling financial interest in the VIE, is considered the primary beneficiary and must consolidate the VIE. The Company has concluded that under certain circumstances when the Company enters into arrangements for the formation of joint ventures, a VIE may be created under condition (i), (ii) (b) or (c) of the previous paragraph. For each VIE created, the Company has performed a qualitative analysis, including considering which party, if any, has the power to direct the activities most significant to the economic performance of each VIE and whether that party has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. If the Company is determined to be the primary beneficiary of the VIE, the assets, liabilities and operations of the VIE are consolidated with the Company’s financial statements. Additionally, the Operating Partnership has notes payable to three trusts that are VIEs under condition (ii)(a) above. Since the Operating Partnership is not the primary beneficiary of the trusts, these VIEs are not consolidated. The Company’s investments in real estate joint ventures, where the Company has significant influence, but not control, and joint ventures which are VIEs in which the Company is not the primary beneficiary, are recorded under the equity method of accounting on the accompanying consolidated financial statements. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value Disclosures Derivative financial instruments Currently, the Company uses interest rate swaps to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate forward curves. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. In conjunction with the Financial Accounting Standard Board’s fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of December 31, 2015, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2015, aggregated by the level in the fair value hierarchy within which those measurements fall. Fair Value Measurements at Reporting Date Using Description December 31, 2015 Quoted Prices in Active Significant Other Significant Other assets—Cash Flow Hedge Swap Agreements $ 4,996 $ — $ 4,996 $ — Other liabilities—Cash Flow Hedge Swap Agreements $ (6,991 ) $ — $ (6,991 ) $ — There were no transfers of assets and liabilities between Level 1 and Level 2 during the year ended December 31, 2015. The Company did not have any significant assets or liabilities that are re-measured Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Long-lived assets held for use are evaluated for impairment when events or circumstances indicate there may be impairment. The Company reviews each store at least annually to determine if any such events or circumstances have occurred or exist. The Company focuses on stores where occupancy and/or rental income have decreased by a significant amount. For these stores, the Company determines whether the decrease is temporary or permanent, and whether the store will likely recover the lost occupancy and/or revenue in the short term. In addition, the Company reviews stores in the lease-up stage and compares actual operating results to original projections. When the Company determines that an event that may indicate impairment has occurred, the Company compares the carrying value of the related long-lived assets to the undiscounted future net operating cash flows attributable to the assets. An impairment loss is recorded if the net carrying value of the assets exceeds the undiscounted future net operating cash flows attributable to the assets. The impairment loss recognized equals the excess of net carrying value over the related fair value of the assets. When real estate assets are identified by management as held for sale, the Company discontinues depreciating the assets and estimates the fair value of the assets, net of selling costs. If the estimated fair value, net of selling costs, of the assets that have been identified as held for sale is less than the net carrying value of the assets, the Company would recognize a loss on the disposal group classified as held for sale. The operations of assets held for sale or sold during the period are presented as part of normal operations for all periods presented. As of December 31, 2015, the Company had seven stores classified as held for sale. The estimated fair value less selling costs of each of these assets is greater than the carrying value of the assets, and therefore no loss has been recorded. The Company assesses whether there are any indicators that the value of the Company’s investments in unconsolidated real estate ventures may be impaired annually and when events or circumstances indicate that there may be impairment. An investment is impaired if management’s estimate of the fair value of the investment is less than its carrying value. To the extent impairment has occurred, and is considered to be other than temporary, the loss is measured as the excess of the carrying amount of the investment over the fair value of the investment. As of December 31, 2015 and 2014, the Company did not have any assets or liabilities measured at fair value on a nonrecurring basis. Fair Value of Financial Instruments The carrying values of cash and cash equivalents, restricted cash, receivables, other financial instruments included in other assets, accounts payable and accrued expenses, variable-rate The fair values of the Company’s notes receivable from Preferred Operating Partnership unit holders and other fixed rate notes receivable was based on the discounted estimated future cash flow of the notes (categorized within Level 3 of the fair value hierarchy); the discount rate used approximated the current market rate for loans with similar maturities and credit quality. The fair values of the Company’s fixed rate notes payable and notes payable to trusts were estimated using the discounted estimated future cash payments to be made on such debt (categorized within Level 3 of the fair value hierarchy); the discount rates used approximated current market rates for loans, or groups of loans, with similar maturities and credit quality. The fair value of the Company’s exchangeable senior notes was estimated using an average market price for similar securities obtained from a third party. The fair values of the Company’s fixed-rate assets and liabilities were as follows for the periods indicated: December 31, 2015 December 31, 2014 Fair Carrying Fair Carrying Notes receivable from Preferred Operating Partnership unit holders $ 128,216 $ 120,230 $ 126,380 $ 120,230 Fixed rate notes receivable $ 86,814 $ 84,331 $ — $ — Fixed rate notes payable and notes payable to trusts $ 1,828,486 $ 1,806,904 $ 1,320,370 $ 1,283,893 Exchangeable senior notes $ 770,523 $ 660,364 $ 276,095 $ 250,000 Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation. Direct and allowable internal costs associated with the development, construction, renovation, and improvement of real estate assets are capitalized. Interest, property taxes, and other costs associated with development incurred during the construction period are capitalized. The construction period begins when expenditures for the real estate assets have been made and activities that are necessary to prepare the asset for its intended use are in progress. The construction period ends when the asset is substantially complete and ready for its intended use. Expenditures for maintenance and repairs are charged to expense as incurred. Major replacements and betterments that improve or extend the life of the asset are capitalized and depreciated over their estimated useful lives. Depreciation is computed using the straight-line In connection with the Company’s acquisition of stores, the purchase price is allocated to the tangible and intangible assets and liabilities acquired based on their fair values, which are estimated using significant unobservable inputs. The value of the tangible assets, consisting of land and buildings, is determined as if vacant. Intangible assets, which represent the value of existing tenant relationships, are recorded at their fair values based on the avoided cost to replace the current leases. The Company measures the value of tenant relationships based on the rent lost due to the amount of time required to replace existing customers, which is based on the Company’s historical experience with turnover in its stores. Debt assumed as part of an acquisition is recorded at fair value based on current interest rates compared to contractual rates. Acquisition-related transaction costs are expensed as incurred. Intangible lease rights represent: (1) purchase price amounts allocated to leases on three stores that cannot be classified as ground or building leases; these rights are amortized to expense over the life of the leases and (2) intangibles related to ground leases on six stores where the leases were assumed by the Company at rates that were lower than the current market rates for similar leases. The values associated with these assumed leases were recorded as intangibles, which will be amortized over the lease terms. Investments in Unconsolidated Real Estate Ventures The Company’s investments in real estate joint ventures, where the Company has significant influence, but not control and joint ventures which are VIEs in which the Company is not the primary beneficiary, are recorded under the equity method of accounting in the accompanying consolidated financial statements. Under the equity method, the Company’s investment in real estate ventures is stated at cost and adjusted for the Company’s share of net earnings or losses and reduced by distributions. Equity in earnings of real estate ventures is generally recognized based on the Company’s ownership interest in the earnings of each of the unconsolidated real estate ventures. For the purposes of presentation in the statement of cash flows, the Company follows the “look through” approach for classification of distributions from joint ventures. Under this approach, distributions are reported under operating cash flow unless the facts and circumstances of a specific distribution clearly indicate that it is a return of capital (e.g., a liquidating dividend or distribution of the proceeds from the joint venture’s sale of assets), in which case it is reported as an investing activity. Cash and Cash Equivalents The Company’s cash is deposited with financial institutions located throughout the United States and at times may exceed federally insured limits. The Company considers all highly liquid debt instruments with a maturity date of three months or less to be cash equivalents. Restricted Cash Restricted cash is comprised of letters of credit and escrowed funds deposited with financial institutions located throughout the United States relating to earnest money deposits on potential acquisitions, real estate taxes, insurance and capital expenditures. Other Assets Other assets consist primarily of equipment and fixtures, customer accounts receivable, investments in trusts, notes receivable, other intangible assets, income taxes receivable, deferred tax assets, prepaid expenses and the fair value of interest rate swaps. Depreciation of equipment and fixtures is computed on a straight-line basis over three to five years. Derivative Instruments and Hedging Activities The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Risk Management and Use of Financial Instruments In the normal course of its ongoing business operations, the Company encounters economic risk. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk on its interest-bearing liabilities. Credit risk is the risk of inability or unwillingness of tenants to make contractually required payments. Market risk is the risk of declines in the value of stores due to changes in rental rates, interest rates or other market factors affecting the value of stores held by the Company. The Company has entered into interest rate swap agreements to manage a portion of its interest rate risk. Exchange of Common Operating Partnership Units Redemption of common Operating Partnership units for shares of common stock, when redeemed under the original provisions of the Operating Partnership agreement, are accounted for by reclassifying the underlying net book value of the units from noncontrolling interest to the Company’s equity. Revenue and Expense Recognition Rental revenues are recognized as earned based upon amounts that are currently due from tenants. Leases are generally on month-to-month terms. Prepaid rents are recognized on a straight-line basis over the term of the leases. Promotional discounts are recognized as a reduction to rental income over the promotional period. Late charges, administrative fees, merchandise sales and truck rentals are recognized as income when earned. Management fee revenues are recognized monthly as services are performed and in accordance with the terms of the related management agreements. Equity in earnings of unconsolidated real estate entities is recognized based on our ownership interest in the earnings of each of the unconsolidated real estate entities. Interest income is recognized as earned. Property expenses, including utilities, property taxes, repairs and maintenance and other costs to manage the facilities are recognized as incurred. The Company accrues for property tax expense based upon invoice amounts, estimates and historical trends. If these estimates are incorrect, the timing of expense recognition could be affected. Tenant reinsurance premiums are recognized as revenue over the period of insurance coverage. The Company records an unpaid claims liability at the end of each period based on existing unpaid claims and historical claims payment history. The unpaid claims liability represents an estimate of the ultimate cost to settle all unpaid claims as of each period end, including both reported but unpaid claims and claims that may have been incurred but have not been reported. The Company uses a third party claims administrator to adjust all tenant reinsurance claims received. The administrator evaluates each claim to determine the ultimate claim loss and includes an estimate for claims that may have been incurred but not reported. Annually, a third party actuary evaluates the adequacy of the unpaid claims liability. Prior year claim reserves are adjusted as experience develops or new information becomes known. The impact of such adjustments is included in the current period operations. The unpaid claims liability is not discounted to its present value. Each tenant chooses the amount of insurance coverage they want through the tenant reinsurance program. Tenants can purchase policies in amounts of two thousand dollars to ten thousand dollars of insurance coverage in exchange for a monthly fee. As of December 31, 2015, the average insurance coverage for tenants was approximately two thousand six hundred dollars. The Company’s exposure per claim is limited by the maximum amount of coverage chosen by each tenant. The Company purchases reinsurance for losses exceeding a set amount for any one event. The Company does not currently have any amounts recoverable under the reinsurance arrangements. Real Estate Sales In general, sales of real estate and related profits/losses are recognized when all consideration has changed hands and risks and rewards of ownership have been transferred. Certain types of continuing involvement preclude sale treatment and related profit recognition; other forms of continuing involvement allow for sale recognition but require deferral of profit recognition. Advertising Costs The Company incurs advertising costs primarily attributable to internet, directory and other advertising. These costs are expensed as incurred. The Company recognized $8,539, $8,370, and $6,482 in advertising expense for the years ended December 31, 2015, 2014 and 2013, respectively. Income Taxes The Company has elected to be treated as a REIT under Sections 856 through 860 of the Internal Revenue Code. In order to maintain its qualification as a REIT, among other things, the Company is required to distribute at least 90% of its REIT taxable income to its stockholders and meet certain tests regarding the nature of its income and assets. As a REIT, the Company is not subject to federal income tax with respect to that portion of its income which meets certain criteria and is distributed annually to stockholders. The Company plans to continue to operate so that it meets the requirements for taxation as a REIT. Many of these requirements, however, are highly technical and complex. If the Company were to fail to meet these requirements, it would be subject to federal income tax. The Company is subject to certain state and local taxes. Provision for such taxes has been included in income tax expense on the Company’s consolidated statements of operations. For the year ended December 31, 2015, 0.0% (unaudited) of all distributions to stockholders qualified as a return of capital. The Company has elected to treat its corporate subsidiary, Extra Space Management, Inc. (“ESMI”), as a taxable REIT subsidiary (“TRS”). In general, the Company’s TRS may perform additional services for tenants and may engage in any real estate or non-real estate related business. A TRS is subject to corporate federal income tax. ESM Reinsurance Limited, a wholly-owned subsidiary of ESMI, generates income from insurance premiums that are subject to corporate federal income tax and state insurance premiums tax. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities. At December 31, 2015 and 2014, there were no material unrecognized tax benefits. Interest and penalties relating to uncertain tax positions will be recognized in income tax expense when incurred. As of December 31, 2015 and 2014, the Company had no interest or penalties related to uncertain tax provisions. Stock-Based Compensation The measurement and recognition of compensation expense for all share-based payment awards to employees and directors are based on estimated fair values. Awards granted are valued at fair value and any compensation element is recognized on a straight line basis over the service periods of each award. Earnings Per Common Share Basic earnings per common share is computed using the two-class method by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding during the period. All outstanding unvested restricted stock awards contain rights to non-forfeitable dividends and participate in undistributed earnings with common stockholders; accordingly, they are considered participating securities that are included in the two-class method. Diluted earnings per common share measures the performance of the Company over the reporting period while giving effect to all potential common shares that were dilutive and outstanding during the period. The denominator includes the weighted average number of basic shares and the number of additional common shares that would have been outstanding if the potential common shares that were dilutive had been issued, and is calculated using either the two-class, treasury stock or as if-converted method, whichever is most dilutive. Potential common shares are securities (such as options, convertible debt, Series A Participating Redeemable Preferred Units (“Series A Units”), Series B Redeemable Preferred Units (“Series B Units”), Series C Convertible Redeemable Preferred Units (“Series C Units”), Series D Redeemable Preferred Units (“Series D Units”) and common Operating Partnership units (“OP Units”)) that do not have a current right to participate in earnings of the Company but could do so in the future by virtue of their option, redemption or conversion right. In computing the dilutive effect of convertible securities, net income is adjusted to add back any changes in earnings in the period associated with the convertible security. The numerator also is adjusted for the effects of any other non-discretionary changes in income or loss that would result from the assumed conversion of those potential common shares. In computing diluted earnings per common share, only potential common shares that are dilutive (those that reduce earnings per common share) are included. For the years ended December 31, 2015, 2014 and 2013, options to purchase approximately 62,254, 27,374, and 44,958 shares of common stock, respectively, were excluded from the computation of earnings per share as their effect would have been anti-dilutive. The following table presents the number of Preferred Operating Partnership units, and the potential common shares, that were excluded from the computation of earnings per share as their effect would have been anti-dilutive: For the Year Ended December 31, 2015 2014 2013 Number of Units Equivalent Shares Number of Units Equivalent Shares Number of Equivalent Shares Series B Units 1,676,087 579,640 1,592,062 764,385 453,302 257,266 Series C Units 704,016 410,002 605,256 489,366 33,226 33,302 Series D Units 548,390 189,649 13,522 6,492 — — 2,928,493 1,179,291 2,210,840 1,260,243 486,528 290,568 The Operating Partnership had $85,364 of its 2.375% Exchangeable Senior Notes due 2033 (the “2013 Notes”) issued and outstanding as of December 31, 2015. The 2013 Notes could potentially have a dilutive impact on the Company’s earnings per share calculations. The 2013 Notes are exchangeable by holders into shares of the Company’s common stock under certain circumstances per the terms of the indenture governing the 2013 Notes. The exchange price of the 2013 Notes was $54.99 per share as of December 31, 2015, and could change over time as described in the indenture. The Company has irrevocably agreed to pay only cash for the accreted principal amount of the 2013 Notes relative to its exchange obligations, but retained the right to satisfy the exchange obligation in excess of the accreted principal amount in cash and/or common stock. The Operating Partnership had $575,000 of its 3.125% Exchangeable Senior Notes due 2035 (the “2015 Notes”) issued and outstanding as of December 31, 2015. The 2015 Notes could potentially have a dilutive impact on the Company’s earnings per share calculations. The 2015 Notes are exchangeable by holders into shares of the Company’s common stock under certain circumstances per the terms of the indenture governing the 2015 Notes. The exchange price of the 2015 Notes was $95.40 per share as of December 31, 2015, and could change over time as described in the indenture. The Company has irrevocably agreed to pay only cash for the accreted principal amount of the 2015 Notes relative to its exchange obligations, but retained the right to satisfy the exchange obligation in excess of the accreted principal amount in cash and/or common stock. Though the Company has retained that right, Accounting Standards Codification (“ASC”) 260, “Earnings per Share,” For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series A Units for common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the positive intent and ability to settle at least $115,000 of the instrument in cash (or net settle a portion of the Series A Units against the related outstanding note receivable), only the amount of the instrument in excess of $115,000 is considered in the calculation of shares contingently issuable for the purposes of computing diluted earnings per share as allowed by ASC 260-10-45-46. For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series B Units for common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series B Units outstanding as of December 31, 2015 of $41,902 by the closing price of the Company’s common stock as of December 31, 2015 of $88.21 per share. Assuming full exchange for common shares as of December 31, 2015, 475,027 shares would have been issued to the holders of the Series B Units. For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series C Units into common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series C Units outstanding as of December 31, 2015 of $29,639 by the closing price of the Company’s common stock as of December 31, 2015 of $88.21 per share. Assuming full exchange for common shares as of December 31, 2015, 336,006 shares would have been issued to the holders of the Series C Units. For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series D Units into common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series D Units outstanding as of December 31, 2015 of $13,710 by the closing price of the Company’s common stock as of December 31, 2015 of $88.21 per share. Assuming full exchange for common shares as of December 31, 2015, 155,422 shares would have been issued to the holders of Series D Units. The computation of earnings per share is as follows for the periods presented: For the Year Ended December 31, 2015 2014 2013 Net income attributable to common stockholders $ 189,474 $ 178,355 $ 172,076 Earnings and dividends allocated to participating securities (601 ) (490 ) (567 ) Earnings for basic computations 188,873 177,865 171,509 Earnings and dividends allocated to participating securities — — 567 Income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) and Operating Partnership 14,790 13,575 7,255 Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) (5,088 ) (5,586 ) (5,750 ) Net income for diluted computations $ 198,575 $ 185,854 $ 173,581 Weighted average common shares outstanding: Average number of common shares outstanding—basic 119,816,743 115,713,807 111,349,361 Series A Units 875,480 961,747 989,980 OP Units 5,451,357 4,335,837 — Unvested restricted stock awards included for treasury stock method — — 425,705 Shares related to exchangeable senior notes and dilutive stock options 775,289 423,876 340,048 Average number of common shares outstanding—diluted 126,918,869 121,435,267 113,105,094 Earnings per common share Basic $ 1.58 $ 1.54 $ 1.54 Diluted $ 1.56 $ 1.53 $ 1.53 Recently Issued Accounting Standards In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, “ Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporti |
Real Estate Assets
Real Estate Assets | 12 Months Ended |
Dec. 31, 2015 | |
Real Estate [Abstract] | |
Real Estate Assets | 3. REAL ESTATE ASSETS The components of real estate assets are summarized as follows: December 31, 2015 December 31, 2014 Land—operating $ 1,384,009 $ 1,132,175 Land—development 17,313 21,062 Buildings and improvements 4,886,397 3,487,935 Intangible assets—tenant relationships 95,891 72,293 Intangible lease rights 8,877 8,697 6,392,487 4,722,162 Less: accumulated depreciation and amortization (728,087 ) (604,336 ) Net operating real estate assets 5,664,400 4,117,826 Real estate under development/redevelopment 24,909 17,870 Net real estate assets $ 5,689,309 $ 4,135,696 Real estate assets held for sale included in net real estate assets $ 10,774 $ — The real estate assets held for sale consist of a portfolio of six stores located in Ohio and Indiana, a single store located in Indiana, and a portion of land at an operating store in New Jersey. The estimated fair value less selling costs of each of these assets is greater than the carrying value of the assets, and therefore no loss has been recorded. The six-store portfolio is under contract, and the sale is expected to close by the second quarter of 2016. The single store located in Indiana is currently listed for sale but is not yet under contract. The Company expects that this property will be sold by the end of 2016. The land in New Jersey is also under contract and the sale is expected to close by the end of 2016. These assets held for sale are included in the rental operations segment of the Company’s segment information. The Company amortizes to expense intangible assets—tenant relationships on a straight-line |
Property Acquisitions and Dispo
Property Acquisitions and Dispositions | 12 Months Ended |
Dec. 31, 2015 | |
Business Combinations [Abstract] | |
Property Acquisitions and Dispositions | 4. PROPERTY ACQUISITIONS AND DISPOSITIONS The following table shows the Company’s acquisition of operating stores for the years ended December 31, 2015 and 2014, and does not include purchases of raw land or improvements made to existing assets: Consideration Paid Acquisition Date Fair Value Property Location Number Date of Total Cash Non-cash Loan Notes Previous Net Value of Number Land Building Intangible Closing California 1 12/11/2015 $ 9,712 $ 9,716 $ — $ — $ — $ — $ (4 ) $ — — $ 2,679 $ 7,029 $ — $ 4 North Carolina 1 12/8/2015 5,307 5,333 — — — — (26 ) — — 1,372 3,925 4 6 Oregon 1 11/24/2015 10,011 10,013 — — — — (2 ) — — 732 9,157 103 19 Florida 3 11/19/2015 20,017 19,965 — — — — 52 — — 2,012 17,662 329 14 Texas 1 11/13/2015 14,397 7,116 — — — — 60 7,221 91,434 6,643 7,551 202 1 Texas 1 10/23/2015 8,707 8,685 — — — — 22 — — 1,140 7,560 — 7 New Jersey 1 10/7/2015 7,430 7,394 — — — — 36 — — 1,057 6,037 146 190 Various (2) 122 10/1/2015 1,230,976 1,272,256 — — — — (69,936 ) 28,656 376,848 179,700 978,368 18,830 54,083 Maryland 1 9/10/2015 6,165 6,183 — — — — (18 ) — — 794 5,178 119 74 North Carolina 1 6/19/2015 6,987 6,926 — — — — 61 — — 1,408 5,461 107 11 Florida 1 6/18/2015 17,657 12,677 — — — — 207 4,773 71,054 — 17,220 327 110 Florida (3) 1 6/17/2015 6,076 412 1,100 — 4,601 — (37 ) — — 534 5,364 125 53 Illinois 1 6/8/2015 10,046 9,970 — — — — 76 — — 964 9,085 — (3 ) Massachusetts 1 5/13/2015 12,512 12,515 — — — — (3 ) — — 1,625 10,875 — 12 Georgia 1 5/7/2015 6,498 6,458 — — — — 40 — — 2,087 4,295 114 2 North Carolina 1 5/5/2015 11,007 10,976 — — — — 31 — — 4,050 6,867 77 13 Georgia 1 4/24/2015 6,500 6,451 — — — — 49 — — 370 6,014 114 2 Arizona, Texas 22 4/15/2015 178,252 75,681 — — — — 822 101,749 1,504,277 24,087 151,465 2,121 579 Texas 1 4/14/2015 8,650 8,580 — — — — 70 — — 619 7,861 160 10 California (4) 1 3/30/2015 12,699 1,700 1,629 — 11,009 (1,264 ) (375 ) — — 1,025 11,479 195 — South Carolina 2 3/30/2015 13,165 13,143 — — — — 22 — — 1,763 11,229 144 29 Virginia 1 3/17/2015 5,073 5,065 — — — — 8 — — 118 4,797 81 77 Texas 1 2/24/2015 13,570 13,519 — — — — 51 — — 1,511 11,861 182 16 Texas 3 1/13/2015 41,904 41,806 — — — — 98 — — 12,080 29,489 300 35 2015 Totals 171 $ 1,663,318 $ 1,572,540 $ 2,729 $ — $ 15,610 $ (1,264 ) $ (68,696 ) $ 142,399 2,043,613 $ 248,370 $ 1,335,829 $ 23,780 $ 55,344 Florida 4 12/23/2014 $ 32,954 $ 19,122 $ — $ — $ — $ — $ 122 $ 13,710 548,390 $ 12,502 $ 19,640 $ 482 $ 330 New Jersey, Virginia (5) 5 12/18/2014 47,747 42,167 — — — — 5,580 — — 4,259 42,440 688 360 New York (6) 1 12/11/2014 20,115 20,125 — — — — (10 ) — — 12,085 7,665 — 365 North Carolina, South Carolina, Texas (7) 7 12/11/2014 60,279 60,086 — — — — 193 — — 19,661 36,339 876 3,403 California 1 12/9/2014 9,298 6,300 — — — — 15 2,983 50,620 4,508 4,599 178 13 Colorado 1 10/24/2014 6,253 6,202 — — — — 51 — — 2,077 4,087 82 7 Georgia 1 10/22/2014 11,030 11,010 — — — — 20 — — 588 10,295 121 26 Florida 1 9/3/2014 4,259 4,225 — — — — 34 — — 529 3,604 81 45 Texas 1 8/8/2014 11,246 6,134 — 5,157 — — (45 ) — — 1,047 9,969 181 49 Georgia 1 8/6/2014 11,337 11,290 — — — — 47 — — 1,132 10,080 111 14 North Carolina 1 6/18/2014 7,310 7,307 — — — — 3 — — 2,940 4,265 93 12 California 1 5/28/2014 17,614 294 — 14,079 — — (92 ) 3,333 69,735 4,707 12,604 265 38 Washington 1 4/30/2014 4,388 4,388 — — — — — — — 437 3,808 102 41 California (8) 3 4/25/2014 35,275 2,726 3,438 19,111 — 129 (580 ) 10,451 226,285 6,853 27,666 579 177 Florida 1 4/15/2014 10,186 10,077 — — — — 109 — — 1,640 8,358 149 39 Georgia 1 4/3/2014 23,649 15,158 — — — — 157 8,334 333,360 2,961 19,819 242 627 Alabama 1 3/20/2014 13,813 13,752 — — — — 61 — — 2,381 11,224 200 8 Connecticut 1 3/17/2014 15,138 15,169 — — — — (31 ) — — 1,072 14,028 — 38 California (9) 1 3/4/2014 7,000 6,974 — — — — 26 — — 2,150 4,734 113 3 Texas 1 2/5/2014 14,191 14,152 — — — — 39 — — 1,767 12,368 38 18 Virginia 17 1/7/2014 200,588 200,525 — — — — 63 — — 53,878 142,840 2,973 897 2014 Totals 52 $ 563,670 $ 477,183 $ 3,438 $ 38,347 $ — $ 129 $ 5,762 $ 38,811 1,228,390 $ 139,174 $ 410,432 $ 7,554 $ 6,510 (1) This column represents costs paid at closing. The amounts shown exclude other acquisition costs paid before or after the closing date. (2) This represents the acquisition of SmartStop Self Storage, Inc. (“SmartStop”). See below for more detailed information about this acquisition. (3) The Company determined the consideration paid for this store was below its market value, and recognized a $1,100 gain, representing the difference between the fair value of the store and the consideration paid. (4) This represents the acquisition of a joint venture partners’ interest in Extra Space of Sacramento One LLC (“Sacramento One”), an existing joint venture, for $1,700 in cash. The result of the acquisition is that the Company owns 100% of Sacramento One, which owned one store located in California. Prior to the acquisition date, the Company accounted for its interest in Sacramento One as an equity-method investment, and the Company also held mortgage notes receivable from Sacramento One totalling $11,009, including related interest. The total acquisition date fair value of the Company’s previous equity interest was approximately $365 and is included in consideration transfered. The Company recognized a non-cash gain of $1,629 as a result of remeasuring the fair value of its equity interest held prior to the acquisition. The store is consolidated subsequent to the acquisition as the Company owns 100% of the store. (5) Included in net liabilities/(assets) assumed is a $5,400 liability related to an earnout provision. (6) This represents the acquisition of a non-operating property that the Company plans to convert to a self-storage store. (7) Included in closing costs is approximately $3,271 of defeasance costs. (8) The Company previously held no equity interest in two of the three properties acquired. The Company acquired its joint venture partner’s 60% interest in an existing joint venture which held one property in California, resulting in full ownership by the Company. Prior to the acquisition date, the Company accounted for its 40% interest in this joint venture as an equity method investment. The total acquisition date fair value of the previous equity interest was approximately $3,567 and is included as consideration transferred. The Company recognized a non-cash gain of $3,438 as a result of remeasuring its prior equity interest in this joint venture held before the acquisition. The three properties were acquired in exchange for approximately $2,726 of cash and 226,285 Series C Units valued at $10,451. (9) This property was owned by Spencer F. Kirk, the Company’s Chief Executive Officer, and Kenneth M. Woolley, the Company’s Executive Chairman. The Company acquired the building on March 4, 2014. In a separate transaction on March 5, 2014, the Company acquired the land for $2,150 from a third party unrelated to the Company’s executives and terminated the existing ground lease. Acquisition of SmartStop On October 1, 2015, the Company completed its previously announced acquisition of SmartStop, a public non-traded REIT (the “Transaction”), pursuant to an Agreement and Plan of Merger, dated June 15, 2015 (the “Merger Agreement”). The Company completed the Transaction as part of its strategy to acquire stores and portfolios of stores that can increase stockholder value. Under the terms of the Merger Agreement, SmartStop shareholders received $13.75 per share in cash, which represented a total purchase price of approximately $1,391,272. In connection with the Transaction, it was agreed that certain assets would be excluded from the Company’s acquisition of SmartStop (the “Excluded Assets”). The Company had determined that the Excluded Assets were not complementary to the Company’s business or otherwise not of primary interest to the Company. These Excluded Assets were instead sold by SmartStop to Strategic 1031, LLC, a Delaware limited liability company (“Strategic 1031”), prior to the Transaction. The Excluded Assets included five SmartStop stores located in Canada, one parcel of land located in California that is under development, and SmartStop’s non-traded REIT platform. Strategic 1031 is owned by and controlled by SmartStop’s former Chief Executive Officer, President and Chairman of the Board of Directors. The following table reconciles the purchase price to cash paid by the Company and total consideration transferred to acquire SmartStop: Total purchase price $ 1,391,272 Less: amount paid for Excluded Assets by Strategic 1031 (90,360 ) Total purchase price attributable to the Company $ 1,300,912 Total cash paid by the Company $ 1,272,256 Fair value of OP Units issued to certain SmartStop unit holders 28,656 1,300,912 Less: Cash paid for transaction costs 8,053 Less: Cash paid for defeasance and prepayment fees 38,360 Less: Severance and share-based compensation to SmartStop employees 7,665 Total consideration transferred $ 1,246,834 As part of this acquisition, we recorded an expense of $38,360 related to defeasance costs and prepayment penalties incurred related to the repayment of SmartStop’s existing debt as of the acquisition date. We incurred $8,053 of professional fees/closing costs, $6,338 of severance-related costs, and $1,327 of other payroll-related costs for a total of $54,078 that was paid at closing. Another $9,043 of other acquisition related costs were incurred that were not paid in connection with the closing for a total of $63,121. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. The company is in the process of finalizing a third party valuation. As such the allocation of fair value between land, buildings and intangibles is subject to change. The Company’s allocation of consideration transferred for SmartStop is as follows: Land $ 179,700 Buildings 978,368 Intangibles 18,830 Investments in unconsolidated real estate ventures 60,981 Other assets 34,500 Total assets acquired 1,272,379 Accounts payable and accrued liabilities assumed 17,064 Other liabilities assumed 8,481 Total net assets acquired $ 1,246,834 The Company agreed to loan Strategic 1031 $84,331 to finance the purchase of the Excluded Assets. The loans are secured by an interest in the Excluded Assets and accrue interest at 7.0% per annum. The loans have a term of 365 days after the closing of the Transaction, due on September 30, 2016. These loans receivable are included in Other assets on the Company’s consolidated balance sheets. Pro Forma Information As noted above, during the year ended December 31, 2015, the Company acquired 171 operating stores, including the 122 stores acquired in conjunction with the acquisition of SmartStop. The following pro forma financial information includes 137 of the 171 operating stores acquired. 34 stores were excluded as it was impractical to obtain the historical information from the previous owners and in total they represent and immaterial amount of total revenues. The following pro forma financial information is based on the combined historical financial statements of the Company and 137 of the stores acquired, and presents the Company’s results as if the acquisitions had occurred as of January 1, 2014 (unaudited): For the Year Ended 2015 2014 Pro Forma Pro Forma Total revenues $ 860,550 $ 746,601 Net income attributable to common stockholders $ 253,476 $ 163,898 The Total revenues for SmartStop in the table above represent the revenues of SmartStop for the period prior to acquisition, less revenues attributed to the Excluded Assets. The Net income attributable to common stockholders for SmartStop in the table above represents primarily the expenses of SmartStop for the period prior to acquisition (less expenses related to the Excluded Assets), plus estimated additional depreciation, amortization, interest expenses and the elimination of non-recurring acquisition costs recorded by SmartStop and the Company. The unaudited pro forma results do not reflect any operating efficiency or potential cost savings which may result from the acquisition of SmartStop. Accordingly, these unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operation of the combined company would have been if the acquisition had occurred at the beginning of the period presented nor are they indicative of future results of operations and are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of January 1, 2014. The following table summarizes the revenues and earnings related to the 171 stores acquired during 2015 since their acquisition dates, which are included in the Company’s consolidated income statement for the year ended December 31, 2015: For the Total revenues $ 46,490 Net income attributable to common stockholders $ 8,393 Other Acquisitions and Disposals On December 11, 2013, the Company sold 50% of its ownership in a parcel of undeveloped land held for sale located in California for $2,025. The buyer holds their 50% interest as a tenant in common. No gain or loss was recorded as a result of the sale. As the Company’s interest is now held as a tenant in common, the value of the land was reclassified from land to investment in unconsolidated real estate ventures on the Company’s consolidated balance sheets. On December 6, 2013, the Company sold a store located in Florida for $3,250 in cash. As a result of this transaction, a gain of $160 was recorded. In June 2013, the Company recorded a gain of $800 due to the condemnation of a portion of land at one store in California that resulted from eminent domain. On May 16, 2013, the Company sold a store located in New York for $950. No gain or loss was recorded as a result of the sale. Losses on Earnouts from Prior Acquisitions During 2012, the Company acquired a portfolio of ten stores located in New Jersey and New York. As part of this acquisition, the Company agreed to make an additional cash payment to the sellers if the acquired stores exceeded a specified amount of net rental income two years after the acquisition date. At the acquisition date, the Company believed that it was unlikely that any significant payment would be made as a result of this earnout provision. The rental growth of the stores was significantly higher than expected, resulting in a payment to the sellers of $7,785. This amount is included in gain (loss) on real estate transactions and earnout from prior acquisitions on the Company’s consolidated statements of operations for the year ended December 31, 2014. During 2011, the Company acquired a store located in Florida. As part of this acquisition, the Company agreed to make an additional cash payment to the sellers if the acquired store exceeded a specified amount of net rental income for any twelve-month period prior to June 30, 2015. At the acquisition date, $133 was recorded as the estimated amount that would be due, and the Company believed that it was unlikely that any significant additional payment would be made as a result of this earnout provision. Because the rental growth of the stores was trending significantly higher than expected, the Company estimated that an additional earnout payment of $2,500 would be due to the seller as of December 31, 2014. This amount is included in gain (loss) on real estate transactions and earnout from prior acquisitions on the Company’s consolidated statements of operations for the year ended December 31, 2014. During the year ended December 31, 2015, the Company recorded a gain of $400 to adjust the existing liability to the actual amount owed to the sellers as of June 30, 2015. This gain is included in gain (loss) on real estate transactions and earnout from prior acquisitions on the Company’s consolidated statements of operations for the year ended December 31, 2015. |
Investments in Unconsolidated R
Investments in Unconsolidated Real Estate Ventures | 12 Months Ended |
Dec. 31, 2015 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investments in Unconsolidated Real Estate Ventures | 5. INVESTMENTS IN UNCONSOLIDATED REAL ESTATE VENTURES Investments in unconsolidated real estate ventures consist of the following: Equity Ownership % Excess Profit Participation % Investment Balance at December 31, 2015 2014 VRS Self Storage LLC (“VRS”) 45% 54% $ 39,091 $ 40,363 Storage Portfolio I LLC (“SP I”) 25% 25-40% 11,813 12,042 PRISA Self Storage LLC (“PRISA”) 2% 17% 10,309 10,520 PRISA II Self Storage LLC (“PRISA II”) 2% 17% 8,323 9,008 Extra Space West Two LLC (“ESW II”) 5% 40% 4,122 4,197 WCOT Self Storage LLC (“WCOT”) 5% 20% 3,783 3,972 Clarendon Storage Associates Limited Partnership (“Clarendon”) 50% 50% 3,131 3,148 Extra Space of Santa Monica LLC (“ESSM”) 48% 48% 1,200 1,153 Extra Space West One LLC (“ESW”) 5% 40% (405 ) (95 ) Extra Space Northern Properties Six LLC (“ESNPS”) 10% 35% (470 ) (87 ) Other minority owned properties 18-50% 19-50% 6,148 1,490 87,045 85,711 Investments in Strategic Storage Growth Trust 15,962 — Total $ 103,007 $ 85,711 In these joint ventures, the Company and the joint venture partner generally receive a preferred return on their invested capital. To the extent that cash/profits in excess of these preferred returns are generated through operations or capital transactions, the Company would receive a higher percentage of the excess cash/profits than its equity interest. In accordance with ASC 810, the Company reviews all of its joint venture relationships quarterly to ensure that there are no entities that require consolidation. As of December 31, 2015, there were no previously unconsolidated entities that were required to be consolidated as a result of this review. On December 30, 2015, the Company entered into a new joint venture, ESS-H Bloomfield Investment LLC (“Bloomfield”). Bloomfield owns a single store in New Jersey. The Company contributed $2,885 for a 50% interest in Bloomfield. The Company’s investment in Bloomfield is included in Other minority owned properties in the table above. In December 2013 and May 2014, the Company acquired twelve stores located in California from entities associated with Grupe Properties Co. Inc. (“Grupe.”) As part of the Grupe acquisition, the Company acquired its joint venture partners’ 60% to 65% equity interests in six stores. The Company previously held the remaining 35% to 40% interests in these stores through six separate joint ventures with Grupe. Prior to the acquisition, the Company accounted for its interests in these joint ventures as equity-method investments. The Company recognized a non-cash gain of $3,438 during the year ended December 31, 2014 as a result of re-measuring the fair value of its equity interest in one of these joint ventures held before the acquisition. During the year ended December 31, 2014, the Company recorded a gain of $584 as a result of the final cash distributions received from the other five joint ventures associated with the acquisitions that were completed during 2013. The Company recognized non-cash gains of $9,339 during the year ended December 31, 2013 as a result of re-measuring On November 1, 2013, the Company acquired its joint venture partner’s 49% interest in HSRE-ESP owns 19 stores in various states. The stores are now consolidated as the Company owns the majority interest in the joint venture. Prior to the acquisition date, the Company accounted for its 50% interest in the joint venture as an equity-method investment. The acquisition date fair value of the previous equity interest was approximately $43,500, and is included as consideration transferred. The Company recognized a non-cash gain of $34,137 during the year ended December 31, 2013 as a result of re-measuring On February 13, 2013, the Company acquired its joint venture partner’s 48% equity interest in Extra Space of Eastern Avenue LLC (“Eastern Avenue”), which owned one store located in Maryland, for approximately $5,979. Prior to the acquisition, the remaining 52% interest was owned by the Company, which accounted for its investment in Eastern Avenue using the equity method. The Company recorded a non-cash gain of $2,215 related to this transaction, which represents the increase in fair value of the Company’s interest in Eastern Avenue from its formation to the acquisition date. On February 13, 2013, the Company acquired its joint venture partner’s 61% equity interest in Extra Space of Montrose Avenue LLC (“Montrose”), which owned one store located in Illinois, for approximately $6,878. Prior to the acquisition, the remaining 39% interest was owned by the Company, which accounted for its investment in Montrose using the equity method. The Company recorded a non-cash gain of $341 related to this transaction, which represents the increase in fair value of the Company’s interest in the joint venture from its formation to the acquisition date. Equity in earnings of unconsolidated real estate ventures consists of the following: For the Year Ended December 31, 2015 2014 2013 Equity in earnings of VRS $ 4,041 $ 3,510 $ 3,464 Equity in earnings of SP I 1,951 1,541 1,243 Equity in earnings of PRISA 1,013 929 890 Equity in earnings of PRISA II 793 764 703 Equity in earnings of ESW II 145 102 50 Equity in earnings of WCOT 569 498 448 Equity in earnings of Clarendon 581 551 516 Equity in earnings of ESSM 493 424 369 Equity in earnings of ESW 1,875 1,571 1,406 Equity in earnings of ESNPS 633 513 461 Equity in earnings of HSRE — — 1,428 Equity in earnings of other minority owned properties 257 138 675 $ 12,351 $ 10,541 $ 11,653 Equity in earnings of ESW II, SP I and VRS includes the amortization of the Company’s excess purchase price of $26,806 of these equity investments over its original basis. The excess basis is amortized over 40 years. Information (unaudited) related to the real estate ventures’ debt at December 31, 2015, is presented below: Loan Amount Current Debt Maturity VRS—Swapped to fixed $ 52,100 3.19 % June 2020 SP I—Fixed 88,975 4.66 % April 2018 PRISA — — Unleveraged PRISA II — — Unleveraged ESW II—Swapped to fixed 18,505 3.57 % February 2019 WCOT—Swapped to fixed 87,500 3.34 % August 2019 Clarendon—Swapped to fixed 7,746 5.93 % September 2018 ESSM—Variable 13,629 4.88 % May 2021 ESW—Variable 17,150 1.67 % August 2020 ESNPS—Variable 34,500 2.44 % July 2025 Other minority owned properties 20,614 Various Various Combined, condensed unaudited financial information of VRS, SP I, PRISA, PRISA II, ESW II, WCOT, ESW and ESNPS as of December 31, 2015 and 2014, and for the years ended December 31, 2015, 2014 and 2013, follows: December 31, 2015 2014 Balance Sheets: Assets: Net real estate assets $ 1,389,974 $ 1,442,755 Other 33,703 34,636 $ 1,423,677 $ 1,477,391 Liabilities and members’ equity: Notes payable $ 299,730 $ 301,267 Other liabilities 25,715 23,490 Members’ equity 1,098,232 1,152,634 $ 1,423,677 $ 1,477,391 For the Year Ended December 31, 2015 2014 2013 Statements of Income: Rents and other income $ 286,857 $ 273,231 $ 260,487 Expenses (155,851 ) (153,973 ) (149,595 ) Gain on sale of real estate 60,495 — — Net income $ 191,501 $ 119,258 $ 110,892 In March 2015, PRISA II sold a single store located in New York and recorded a gain of $60,495. The Company had no consolidated VIEs for the years ended December 31, 2015 or 2014. |
Other Assets
Other Assets | 12 Months Ended |
Dec. 31, 2015 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other Assets | 6. OTHER ASSETS The components of other assets are summarized as follows: December 31, 2015 December 31, 2014 Equipment and fixtures $ 30,547 $ 24,913 Less: accumulated depreciation (19,609 ) (15,183 ) Other intangible assets 2,172 7,130 Deferred financing costs, net-lines of Credit 1,735 1,363 Prepaid expenses and deposits 11,463 8,891 Receivables, net 46,774 31,946 Notes receivable from Strategic 1031 84,331 — Other notes receivable 4,350 9,661 Investments in Trusts 3,590 3,590 Fair value of interest rate swaps 4,996 3,583 $ 170,349 $ 75,894 The notes receivable from Strategic 1031 represents the $84,331 principal amount loaned to Strategic 1031 to finance Strategic 1031’s acquisition of the Excluded Assets in conjunction with the Company’s acquisition of SmartStop. |
Notes Payable
Notes Payable | 12 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Notes Payable | 7. NOTES PAYABLE The components of notes payable are summarized as follows: December 31, 2015 December 31, 2014 Fixed Rate Mortgage loans with banks (including loans subject to interest rate swaps) bearing interest at fixed rates between 2.8% and 6.7%. The loans are collateralized by mortgages on real estate assets and the assignment of rents. Principal and interest payments are made monthly with all outstanding principal and interest due between March 2016 and February 2023. $ 1,613,490 $ 1,164,303 Unsecured loan with bank (loan subject to an interest rate swap) bearing interest at a fixed rate of 3.1%. Principal and interest payments are made monthly with outstanding principal and interest due March 2020. 73,825 — Variable Rate Mortgage loans with banks bearing floating interest rates based on 1 month LIBOR. Interest rates based on LIBOR are between LIBOR plus 1.6% (2.0% at December 31, 2015 and 1.8% at December 31, 2014) and LIBOR plus 2.0% (2.4% at December 31, 2015 and 2.2% at December 31, 2014). The loans are collateralized by mortgages on real estate assets and the assignment of rents. Principal and interest payments are made monthly with all outstanding principal and interest due between July 2016 and March 2021. 1,094,985 707,764 Total 2,782,300 1,872,067 Plus: Premium on notes payable 872 3,281 Less: unamortized debt issuance costs (24,605 ) (16,367 ) Total $ 2,758,567 $ 1,858,981 The following table summarizes the scheduled maturities of notes payable at December 31, 2015: 2016 $ 167,477 2017 418,179 2018 416,512 2019 438,244 2020 872,441 Thereafter 469,447 $ 2,782,300 Certain mortgage and construction loans with variable interest rates are subject to interest rate floors starting at 1.90%. Real estate assets are pledged as collateral for the notes payable. Of the Company’s $2,782,300 principal amount in notes payable outstanding at December 31, 2015, $2,430,623 were recourse due to guarantees or other security provisions. The Company is subject to certain restrictive covenants relating to the outstanding notes payable. The Company was in compliance with all financial covenants at December 31, 2015. |
Derivatives
Derivatives | 12 Months Ended |
Dec. 31, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivatives | 8. DERIVATIVES The Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s investments and borrowings. Cash Flow Hedges of Interest Rate Risk The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income (“OCI”) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. A portion of these changes is excluded from accumulated other comprehensive income as it is allocated to noncontrolling interests. During the years ended December 31, 2015, 2014 and 2013, such derivatives were used to hedge the variable cash flows associated with existing variable-rate debt. During 2016, the Company estimates that an additional $12,440 will be reclassified as an increase to interest expense. The following table summarizes the terms of the Company’s 29 derivative financial instruments, which have a total combined notional amount of $1,743,790 as of December 31, 2015: Hedge Product Range of Notional Strike Effective Dates Maturity Dates Swap Agreements $5,058 – $126,000 0.8% – 3.9% 10/3/2011 – 11/1/2015 9/20/2018 – 2/1/2023 Fair Values of Derivative Instruments The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets: Asset (Liability) Derivatives December 31, 2015 December 31, 2014 Derivatives designated as hedging instruments: Fair Value Other assets $ 4,996 $ 3,583 Other liabilities $ (6,991 ) $ (3,533 ) Effect of Derivative Instruments The tables below present the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the periods presented. No tax effect has been presented as the derivative instruments are held by the Company: Type Classification of Income (Expense) For the Year Ended December 31, 2015 2014 2013 Swap Agreements Interest expense $ (12,487 ) $ (8,780 ) $ (8,917 ) Gain (loss) recognized in OCI Location of amounts Gain (loss) reclassifed from OCI For the Year Ended For the Year Ended Type 2015 2014 2015 2014 Swap Agreements $ (17,669 ) $ (18,557 ) Interest expense $ (12,487 ) $ (8,780 ) Credit-Risk-Related Contingent Features The Company has agreements with some of its derivative counterparties that contain provisions pursuant to which, the Company could be declared in default of its derivative obligations if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender. The Company also has an agreement with some of its derivative counterparties that incorporates the loan covenant provisions of the Company’s indebtedness with a lender affiliate of the derivative counterparty. Failure to comply with the loan covenant provisions would result in the Company being in default on any derivative instrument obligations covered by the agreement. As of December 31, 2015, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $6,991. As of December 31, 2015, the Company had not posted any collateral related to these agreements. If the Company had breached any of these provisions as of December 31, 2015, it could have been required to settle its obligations under the agreements at their termination value of $2,995, including accrued interest. |
Notes Payable to Trusts
Notes Payable to Trusts | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Notes Payable to Trusts | 9. NOTES PAYABLE TO TRUSTS During July 2005, ESS Statutory Trust III (the “Trust III”), a newly formed Delaware statutory trust and a wholly-owned, three-month During May 2005, ESS Statutory Trust II (the “Trust II”), a newly formed Delaware statutory trust and a wholly-owned, three-month During April 2005, ESS Statutory Trust I (the “Trust”), a newly formed Delaware statutory trust and a wholly-owned, three-month Trust, Trust II and Trust III (together, the “Trusts”) are VIEs because the holders of the equity investment at risk (the trust preferred securities) do not have the power to direct the activities of the entities that most significantly affect the entities’ economic performance because of their lack of voting or similar rights. Because the Operating Partnership’s investment in the Trusts’ common securities was financed directly by the Trusts as a result of its loan of the proceeds to the Operating Partnership, that investment is not considered to be an equity investment at risk. The Operating Partnership’s investment in the Trusts is not a variable interest because equity interests are variable interests only to the extent that the investment is considered to be at risk, and therefore the Operating Partnership cannot be the primary beneficiary of the Trusts. Since the Company is not the primary beneficiary of the Trusts, they have not been consolidated. A debt obligation has been recorded in the form of notes as discussed above for the proceeds, which are owed to the Trusts by the Company. The Company has also recorded its investment in the Trusts’ common securities as other assets. The Company has not provided financing or other support during the periods presented to the Trusts that it was not previously contractually obligated to provide. The Company’s maximum exposure to loss as a result of its involvement with the Trusts is equal to the total amount of the notes discussed above less the amounts of the Company’s investments in the Trusts’ common securities. The net amount is the notes payable that the Trusts owe to third parties for their investments in the Trusts’ preferred securities. The notes payable to trusts are presented net of unamortized deferred financing costs of $2,399 and $2,531 as of December 31, 2015 and 2014, respectively. Following is a tabular comparison of the liabilities the Company has recorded as a result of its involvements with the Trusts to the maximum exposure to loss the Company is subject to related to the Trusts as of December 31, 2015: Notes payable Investment Maximum to Trusts Balance exposure to loss Difference Trust $ 36,083 $ 1,083 $ 35,000 $ — Trust II 42,269 1,269 41,000 — Trust III 41,238 1,238 40,000 — 119,590 3,590 116,000 Unamortized debt issuance costs (2,399 ) $ 117,191 $ 3,590 $ 116,000 $ — |
Exchangeable Senior Notes
Exchangeable Senior Notes | 12 Months Ended |
Dec. 31, 2015 | |
Text Block [Abstract] | |
Exchangeable Senior Notes | 10. EXCHANGEABLE SENIOR NOTES In September 2015, the Operating Partnership issued $575,000 of its 3.125% Exchangeable Senior Notes due 2035. Costs incurred to issue the 2015 Notes were approximately $11,992, consisting primarily of a 2% underwriting fee. These costs are being amortized as an adjustment to interest expense over five years, which represents the estimated term based on the first available redemption date, and are included in other assets in the condensed consolidated balance sheets. The 2015 Notes are general unsecured senior obligations of the Operating Partnership and are fully guaranteed by the Company. Interest is payable on April 1 and October 1 of each year beginning April 1, 2016, until the maturity date of October 1, 2035. The Notes bear interest at 3.125% per annum and contain an exchange settlement feature, which provides that the 2015 Notes may, under certain circumstances, be exchangeable for cash (for the principal amount of the 2015 Notes) and, with respect to any excess exchange value, for cash, shares of the Company’s common stock, or a combination of cash and shares of the Company’s common stock, at the Company’s option. The exchange rate of the 2015 Notes as of December 31, 2015 was approximately 10.48 shares of the Company’s common stock per $1,000 principal amount of the 2015 Notes. The Operating Partnership may redeem the 2015 Notes at any time to preserve the Company’s status as a REIT. In addition, on or after October 5, 2020, the Operating Partnership may redeem the 2015 Notes for cash, in whole or in part, at 100% of the principal amount plus accrued and unpaid interest, upon at least 30 days but not more than 60 days prior written notice to the holders of the 2015 Notes. The holders of the 2015 Notes have the right to require the Operating Partnership to repurchase the 2015 Notes for cash, in whole or in part, on October 1 of the years 2020, 2025 and 2030, (unless the Operating Partnership has called the 2015 Notes for redemption), and upon the occurrence of certain designated events, in each case for a repurchase price equal to 100% of the principal amount of the 2015 Notes plus accrued and unpaid interest. Certain events are considered “Events of Default,” as defined in the indenture governing the 2015 Notes, which may result in the accelerated maturity of the 2015 Notes. On June 21, 2013, the Operating Partnership issued $250,000 of its 2.375% Exchangeable Senior Notes due 2033 at a 1.5% discount, or $3,750. Costs incurred to issue the 2013 Notes were approximately $1,672. These costs are being amortized as an adjustment to interest expense over five years, which represents the estimated term based on the first available redemption date, and are included in other assets in the condensed consolidated balance sheets. The 2013 Notes are general unsecured senior obligations of the Operating Partnership and are fully guaranteed by the Company. Interest is payable on January 1 and July 1 of each year beginning January 1, 2014, until the maturity date of July 1, 2033. The 2013 Notes bear interest at 2.375% per annum and contain an exchange settlement feature, which provides that the 2013 Notes may, under certain circumstances, be exchangeable for cash (for the principal amount of the 2013 Notes) and, with respect to any excess exchange value, for cash, shares of the Company’s common stock, or a combination of cash and shares of the Company’s common stock, at the Company’s option. The exchange rate of the 2013 Notes as of December 31, 2015 was approximately 18.18 shares of the Company’s common stock per $1,000 principal amount of the 2013 Notes. Additionally, the 2013 Notes and the 2015 Notes can be exchanged during any calendar quarter, if the last reported sale price of the common stock of the Company is greater than or equal to 130% of the exchange price for at least 20 trading days during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter. The price of the Company’s common stock exceeded 130% of the exchange price for the required time period for the 2013 Notes during the quarter ended December 31, 2015. Therefore, holders of the 2013 Notes may elect to exchange such notes during the quarter ending March 31, 2016. The price of the Company’s common stock did not exceed 130% of the exchange price for the required time period for the 2015 Notes during the quarter ended December 31, 2015. The Operating Partnership may redeem the 2013 Notes at any time to preserve the Company’s status as a REIT. In addition, on or after July 5, 2018, the Operating Partnership may redeem the 2013 Notes for cash, in whole or in part, at 100% of the principal amount plus accrued and unpaid interest, upon at least 30 days but not more than 60 days prior written notice to the holders of the 2013 Notes. The holders of the 2013 Notes have the right to require the Operating Partnership to repurchase the 2013 Notes for cash, in whole or in part, on July 1 of the years 2018, 2023 and 2028, and upon the occurrence of certain designated events, in each case for a repurchase price equal to 100% of the principal amount of the 2013 Notes plus accrued and unpaid interest. Certain events are considered “Events of Default,” as defined in the indenture governing the 2013 Notes, which may result in the accelerated maturity of the 2013 Notes. GAAP requires entities with convertible debt instruments that may be settled entirely or partially in cash upon conversion to separately account for the liability and equity components of the instrument in a manner that reflects the issuer’s economic interest cost. The Company therefore accounts for the liability and equity components of the 2013 Notes and 2015 Notes separately. The equity components are included in paid-in capital in stockholders’ equity in the condensed consolidated balance sheets, and the value of the equity components are treated as original issue discount for purposes of accounting for the debt components. The discounts are being amortized as interest expense over the remaining period of the debt through its first redemption date, July 1, 2018 for the 2013 Notes and October 1, 2020 for the 2015 Notes. The effective interest rate on the liability components of both the 2013 Notes and the 2015 Notes is 4.0%, which approximates the market rate of interest of similar debt without exchange features (i.e. nonconvertible debt) at the time of issuance. Information about the carrying amount of the equity component, the principal amount of the liability component, its unamortized discount and its net carrying amount were as follows for the periods indicated: December 31, 2015 December 31, 2014 Carrying amount of equity component—2013 Notes $ — $ 14,496 Carrying amount of equity component—2015 Notes 22,597 — Carrying amount of equity components $ 22,597 $ 14,496 Principal amount of liability component 2013 Notes $ 85,364 $ 250,000 Principal amount of liability component 2015 Notes 575,000 — Unamortized discount—equity component—2013 Notes (2,605 ) (10,448 ) Unamortized discount—equity component—2015 Notes (21,565 ) — Unamortized cash discount—2013 Notes (633 ) (2,606 ) Unamortized debt issuance costs (11,698 ) (1,222 ) Net carrying amount of liability components $ 623,863 $ 235,724 The amount of interest cost recognized relating to the contractual interest rate and the amortization of the discount on the liability component for the 2013 and 2015 senior notes was as follows for the periods indicated: For the Year Ended December 31, 2015 2014 2013 Contractual interest $ 9,939 $ 5,936 $ 3,134 Amortization of discount 3,310 2,683 1,404 Total interest expense recognized $ 13,249 $ 8,619 $ 4,538 Repurchase of 2013 Notes As part of the 2015 Notes offering, the Company repurchased $164,636 of the 2013 Notes for $227,212 on September 15, 2015. The Company allocated the value of the consideration paid to repurchase the 2013 Notes (1) to the extinguishment of the liability component and (2) to the reacquisition of the equity component. The amount allocated to the extinguishment of the liability component is equal to the fair value of that component immediately prior to extinguishment. The difference between the consideration attributed to the extinguishment of the liability component and the sum of (a) the net carrying amount of the repurchased liability component, and (b) the related unamortized debt issuance costs, is recognized as a gain on debt extinguishment. The remaining settlement consideration is allocated to the reacquisition of the equity component of the repurchased 2013 Notes and recognized as a reduction of stockholders’ equity. Information about the repurchase is as follows: September 15, 2015 Principal amount repurchased $ 164,636 Amount allocated to: Extinguishment of liability component $ 157,100 Reacquisition of equity component 70,112 Total cash paid for repurchase $ 227,212 Exchangeable senior notes repurchased $ 164,636 Extinguishment of liability component (157,100 ) Discount on exchangeable senior notes (6,931 ) Related debt issuance costs (605 ) Gain/(Loss) on repurchase $ — |
Lines of Credit
Lines of Credit | 12 Months Ended |
Dec. 31, 2015 | |
Text Block [Abstract] | |
Lines of Credit | 11. LINES OF CREDIT All of the Company’s lines of credit are guaranteed by the Company and secured by mortgages on certain real estate assets. The following table presents information on the Company’s lines of credit, the proceeds of which are used to repay debt and for general corporate purposes, for the periods indicated: As of December 31, 2015 Line of Credit Amount Capacity Interest Origination Maturity Basis Rate (1) Notes Credit Line 1 $ 36,000 $ 180,000 2.1% 6/4/2010 6/30/2018 LIBOR plus 1.7% (2) Credit Line 2 — 50,000 2.2% 11/16/2010 2/13/2017 LIBOR plus 1.8% (3) Credit Line 3 — 80,000 2.1% 4/29/2011 11/18/2016 LIBOR plus 1.7% (3) Credit Line 4 — 50,000 2.1% 9/29/2014 9/29/2017 LIBOR plus 1.7% (3) $ 36,000 $ 360,000 (1) 30-day USD LIBOR (2) One two-year extension available (3) Two one-year extensions available |
Other Liabilities
Other Liabilities | 12 Months Ended |
Dec. 31, 2015 | |
Other Liabilities Disclosure [Abstract] | |
Other Liabilities | 12. OTHER LIABILITIES The components of other liabilities are summarized as follows: December 31, 2015 December 31, 2014 Deferred rental income $ 35,904 $ 28,485 Lease obligation liability — 713 Fair value of interest rate swaps 6,991 3,533 Income taxes payable 2,223 672 Deferred tax liability 10,728 5,367 Earnout provisions on acquisitions 5,510 8,033 Unpaid claims liability 11,313 1,832 Other miscellaneous liabilities 7,820 6,084 $ 80,489 $ 54,719 Included in the unpaid claims liability are claims related to the Company’s tenant reinsurance program. For the years ended December 31, 2015, 2014 and 2013, the number of claims made were 3,959, 2,942 and 2,316, respectively. The following table presents information on the portion of the Company’s unpaid claims liability that relates to tenant insurance for the periods indicated: For the Year Ended December 31, Tenant Reinsurance Claims: 2015 2014 2013 Unpaid claims liability at beginning of year $ 3,121 $ 2,112 $ 1,414 Claims and claim adjustment expense for claims incurred in the current year 6,421 5,126 3,817 Claims and claim adjustment expense for claims incurred in the prior years — (345 ) (116 ) Payments for current year claims (4,283 ) (2,954 ) (1,751 ) Payments for prior year claims (1,351 ) (818 ) (1,252 ) Unpaid claims liability at the end of the year $ 3,908 $ 3,121 $ 2,112 |
Related Party and Affiliated Re
Related Party and Affiliated Real Estate Joint Venture Transactions | 12 Months Ended |
Dec. 31, 2015 | |
Related Party Transactions [Abstract] | |
Related Party and Affiliated Real Estate Joint Venture Transactions | 13. RELATED PARTY AND AFFILIATED REAL ESTATE JOINT VENTURE TRANSACTIONS The Company provides management services to certain joint ventures, third parties and other related party stores. Management agreements provide generally for management fees of 6.0% of cash collected from total revenues for the management of operations at the stores. In addition, the Company receives an asset management fee equal to 50 basis points multiplied by the total asset value of the stores owned by the SPI joint venture, provided certain requirements are met. Management fee revenues for related party and affiliated real estate joint ventures and other income are summarized as follows: For the Year Ended December 31, Entity Type 2015 2014 2013 ESW Affiliated real estate joint ventures $ 515 $ 480 $ 450 ESW II Affiliated real estate joint ventures 452 410 382 ESNPS Affiliated real estate joint ventures 584 550 528 ESSM Affiliated real estate joint ventures 152 132 117 HSRE Affiliated real estate joint ventures — 1,201 1,146 PRISA Affiliated real estate joint ventures 5,809 5,466 5,215 PRISA II Affiliated real estate joint ventures 4,703 4,635 4,397 VRS Affiliated real estate joint ventures 1,398 1,326 1,286 WCOT Affiliated real estate joint ventures 1,799 1,680 1,601 SP I Affiliated real estate joint ventures 2,075 1,999 1,953 Other Franchisees, third parties and other 16,674 10,336 9,539 $ 34,161 $ 28,215 $ 26,614 Receivables from related parties and affiliated real estate joint ventures balances are summarized as follows: December 31, 2015 December 31, 2014 Mortgage notes receivable $ — $ 10,590 Other receivables from stores 2,205 1,188 $ 2,205 $ 11,778 Other receivables from stores consist of amounts due for management fees, asset management fees and expenses paid on behalf of the stores that the Company manages. The Company believes that all of these related party and affiliated real estate joint venture receivables are fully collectible. The Company does not have any payables to related parties at December 31, 2015 or 2014. The Company has entered into an annual aircraft dry lease and service and management agreement with SpenAero, L.C. (“SpenAero”), an affiliate of Spencer F. Kirk, the Company’s Chief Executive Officer. Under the terms of the agreement, the Company pays a defined hourly rate for use of the aircraft. During the years ended December 31, 2015, 2014 and 2013, the Company paid SpenAero $1,163, $1,059 and $803, respectively. The services that the Company receives from SpenAero are similar in nature and comparable in price to those that are provided to other outside third parties. |
Stockholders' Equity
Stockholders' Equity | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Stockholders' Equity | 14. STOCKHOLDERS’ EQUITY The Company’s charter provides that it can issue up to 500,000,000 shares of common stock, $0.01 par value per share and 50,000,000 shares of preferred stock, $0.01 par value per share. As of December 31, 2015, 124,119,531 shares of common stock were issued and outstanding, and no shares of preferred stock were issued or outstanding. All holders of the Company’s common stock are entitled to receive dividends and to one vote on all matters submitted to a vote of stockholders. The transfer agent and registrar for the Company’s common stock is American Stock Transfer & Trust Company. On June 22, 2015, the Company issued and sold 6,325,000 shares of its common stock in a public offering at a price of $68.15 per share. The Company received gross proceeds of $431,049. The underwriting discount and transaction costs were $14,438, resulting in net proceeds of $416,611. On August 28, 2015, the Company filed a $400,000 “at the market” equity program with the Securities and Exchange Commission, and entered into separate equity distribution agreements with five sales agents. Under the terms of the equity distribution agreements, the Company may from time to time offer and sell shares of common stock, up to the aggregate offering price of $400,000, through its sales agents. During the year ended December 31, 2015, the Company sold 410,000 shares of common stock at an average sales price of $75.17 per share, resulting in net proceeds of $30,266. On November 8, 2013, the Company issued and sold 4,500,000 shares of its common stock in a public offering at a price to the underwriter of $45.81 per share. The Company received gross proceeds of $206,145. Transaction costs were $157, resulting in net proceeds of $205,988. |
Noncontrolling Interests
Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2015 | |
Noncontrolling Interests | 17. OTHER NONCONTROLLING INTERESTS Other noncontrolling interests represent the ownership interest of third parties in two consolidated joint ventures as of December 31, 2015. One of these consolidated joint ventures owns a single operating store in California, and the other owns a store under development in Texas. The voting interests of the third-party owners range from 17.5% to 20.0%. Other noncontrolling interests are included in the stockholders’ equity section of the Company’s condensed consolidated balance sheets. The income or losses attributable to this third-party owner based on its ownership percentage are reflected in net income allocated to Operating Partnership and other noncontrolling interests in the condensed consolidated statements of operations On June 11, 2015, the Company purchased its joint venture partner’s remaining 1% interest in HSRE for $1,267. HSRE owned 19 properties in California, Florida, Nevada, Ohio, Pennsylvania, Tennessee, Texas and Virginia, and as a result of this purchase, these properties became wholly-owned by the Company. Prior to this acquisition, the partner’s interest was reported in other noncontrolling interests. Since the Company retained its controlling interest in the subsidiary, this transaction was accounted for as an equity transaction. The carrying amount of the noncontrolling interest was reduced to zero to reflect the purchase, and the difference between the price paid by the Company and the carrying value of the noncontrolling interest was recorded as an adjustment to equity attributable to the Company. In November 2013, the Company purchased its joint venture partner’s 10% membership interest in an existing joint venture for $1,292. The joint venture owned a single store located in California, and as a result of the acquisition, the store became wholly-owned by the Company. Since the Company retained its controlling financial interest in the subsidiary, this transaction was accounted for as an equity transaction. The carrying amount of the noncontrolling interest was reduced to zero to reflect the purchase, and the difference between the price paid by the Company and the adjustment to the carrying value of the noncontrolling interest was recorded as an adjustment to equity attributable to the parent. In May 2013, the Company purchased one of its joint venture partner’s 27.6% capital interest and 35% profit interest in a previously unconsolidated joint venture for $950. The partner’s interest was reported in other noncontrolling interests prior to the purchase. As a result of the acquisition, the store became wholly-owned by the Company. Since the Company retained its controlling financial interest in the subsidiary, this transaction was accounted for as an equity transaction. The carrying amount of the noncontrolling interest was reduced to zero to reflect the purchase and the difference between the price paid by the Company and the carrying value of the noncontrolling interest was recorded as an adjustment to equity attributable to the parent. In February 2013, the Company purchased one of its joint venture partner’s 1.7% capital interest and 17% profit interest in a consolidated store for $200. As a result, the Company’s capital interest percentage in this joint venture increased from 95% to 96.7%. Since the Company retained its controlling financial interest in the subsidiary, this transaction was accounted for as an equity transaction. The carrying amount of the noncontrolling interest was reduced to reflect the purchase and the difference between the price paid by the Company and the adjustment to the carrying value of the noncontrolling interest was recorded as an adjustment to equity attributable to the parent. |
Common Operating Partnership [Member] | |
Noncontrolling Interests | 16. NONCONTROLLING INTEREST IN OPERATING PARTNERSHIP The Company’s interest in its stores is held through the Operating Partnership. ESS Holding Business Trust I, a wholly-owned subsidiary of the Company, is the sole general partner of the Operating Partnership. ESS Business Trust II, also a wholly-owned The noncontrolling interest in the Operating Partnership represents OP Units that are not owned by the Company. In conjunction with the formation of the Company and as a result of subsequent acquisitions, certain persons and entities contributing interests in stores to the Operating Partnership received limited partnership units in the form of OP Units. Limited partners who received OP Units in the formation transactions or in exchange for contributions for interests in stores have the right to require the Operating Partnership to redeem part or all of their OP Units for cash based upon the fair market value of an equivalent number of shares of the Company’s common stock (10 day average) at the time of the redemption. Alternatively, the Company may, at its sole discretion, elect to acquire those OP Units in exchange for shares of its common stock on a one-for-one basis, subject to anti-dilution During the year ended December 31, 2015, a total of 787,850 OP Units were redeemed in exchange for the Company’s common stock. On November 13, 2015, the Company purchased one store located in Texas. As part of the consideration for this acquisition, 91,434 OP Units were issued with a total value of $7,221. On October 1, 2015, the Company acquired SmartStop. As part of the consideration for this acquisition, 376,848 OP Units were issued with a total value of $28,656. On June 18, 2015, the Company purchased one store located in Florida. As part of the consideration for this acquisition, 71,054 OP Units were issued with a total value of $4,773. On April 15, 2015, the Company purchased 22 stores located in Arizona and Texas. As part of the consideration for this acquisition, 1,504,277 OP Units were issued with a total value of $101,749. In December 2014, the Company purchased a single store in California. As part of the consideration, 50,620 OP Units were issued for a value of $2,983. During the year ended December 31, 2014, a total of 18,859 OP Units were redeemed in exchange for the Company’s common stock. In October 2013, 12,500 OP Units were redeemed in exchange for the Company’s common stock. In March and April 2013, 1,000 OP Units were redeemed in exchange for $41 in cash. On August 29, 2013 and September 26, 2013, the Company purchased 20 stores in California. As part of the consideration, 1,448,108 OP Units were issued for a value of $62,341. GAAP requires a company to present ownership interests in subsidiaries held by parties other than the company in the consolidated financial statements within the equity section but separate from the company’s equity. It also requires the amount of consolidated net income attributable to the parent and to the noncontrolling interest to be clearly identified and presented on the face of the consolidated statement of operations and requires changes in ownership interest to be accounted for similarly as equity transactions. If noncontrolling interests are determined to be redeemable, they are to be carried at their redemption value as of the balance sheet date and reported as temporary equity. The Company has evaluated the terms of the common OP Units and classifies the noncontrolling interest represented by the common OP Units as stockholders’ equity in the accompanying consolidated balance sheets. The Company will periodically evaluate individual noncontrolling interests for the ability to continue to recognize the noncontrolling amount as permanent equity in the consolidated balance sheets. Any noncontrolling interests that fail to qualify as permanent equity will be reclassified as temporary equity and adjusted to the greater of (1) the carrying amount, or (2) its redemption value as of the end of the period in which the determination is made. |
Preferred Operating Partnership Units [Member] | |
Noncontrolling Interests | 15. NONCONTROLLING INTEREST REPRESENTED BY PREFERRED OPERATING PARTNERSHIP UNITS Classification of Noncontrolling Interests GAAP requires a company to present ownership interests in subsidiaries held by parties other than the company in the consolidated financial statements within the equity section, but separate from the company’s equity. It also requires the amount of consolidated net income attributable to the parent and to the noncontrolling interest to be clearly identified and presented on the face of the consolidated statement of operations and requires changes in ownership interest to be accounted for similarly as equity transactions. If noncontrolling interests are determined to be redeemable, they are to be carried at their redemption value as of the balance sheet date and reported as temporary equity. The Company has evaluated the terms of the Operating Partnership’s preferred units and classifies the noncontrolling interest represented by such preferred units as stockholders’ equity in the accompanying consolidated balance sheets. The Company will periodically evaluate individual noncontrolling interests for the ability to continue to recognize the noncontrolling amount as permanent equity in the consolidated balance sheets. Any noncontrolling interests that fail to qualify as permanent equity will be reclassified as temporary equity and adjusted to the greater of (1) the carrying amount, or (2) its redemption value as of the end of the period in which the determination is made. Series A Participating Redeemable Preferred Units On June 15, 2007, the Operating Partnership entered into a Contribution Agreement with various limited partnerships affiliated with AAAAA Rent-A-Space The partnership agreement of the Operating Partnership (as amended, the “Partnership Agreement”) provides for the designation and issuance of the Series A Units. The Series A Units have priority over all other partnership interests of the Operating Partnership with respect to distributions and liquidation. Under the Partnership Agreement, Series A Units in the amount of $115,000 bear a fixed priority return of 5.0% and have a fixed liquidation value of $115,000. The remaining balance participates in distributions with, and has a liquidation value equal to, that of the common OP Units. The Series A Units became redeemable at the option of the holder on September 1, 2008, which redemption obligation may be satisfied, at the Company’s option, in cash or shares of its common stock. On June 25, 2007, the Operating Partnership loaned the holders of the Series A Units $100,000. The note receivable bears interest at 4.85%. During 2013, a loan amendment was signed extending the maturity date to September 1, 2020. The loan is secured by the borrower’s Series A Units. The holders of the Series A Units could redeem up to 114,500 Series A Units prior to the maturity date of the loan. If any redemption in excess of 114,500 Series A Units occurs prior to the maturity date, the holder of the Series A Units is required to repay the loan as of the date of that redemption. On October 3, 2014, the holders of the Series A Units redeemed 114,500 Series A Units for $4,794 in cash and 280,331 shares of common stock. No additional redemption of Series A Units can be made without repayment of the loan. The Series A Units are shown on the balance sheet net of the $100,000 loan because the borrower under the loan receivable is also the holder of the Series A Units. Series B Redeemable Preferred Units On April 3, 2014, the Operating Partnership completed the purchase of a store located in Georgia. This store was acquired in exchange for $15,158 of cash and 333,360 Series B Units valued at $8,334. On August 29, 2013, the Operating Partnership completed the purchase of 19 out of 20 stores affiliated with All Aboard Mini Storage, all of which are located in California. On September 26, 2013, the Operating Partnership completed the purchase of the remaining facility. These stores were acquired in exchange for $100,876 in cash (including $98,960 of debt assumed and immediately defeased at closing), 1,342,727 Series B Units valued at $33,569, and 1,448,108 common OP Units valued at $62,341. The Partnership Agreement provides for the designation and issuance of the Series B Units. The Series B Units rank junior to the Series A Units, on parity with the Series C Units and Series D Units, and senior to all other partnership interests of the Operating Partnership with respect to distributions and liquidation. The Series B Units have a liquidation value of $25.00 per unit for a fixed liquidation value of $41,903. Holders of the Series B Units receive distributions at an annual rate of 6.0%. These distributions are cumulative. The Series B Units are redeemable at the option of the holder on the first anniversary of the date of issuance, which redemption obligations may be satisfied at the Company’s option in cash or shares of its common stock. Series C Convertible Redeemable Preferred Units On November 19, 2013, the Operating Partnership entered into Contribution Agreements with various entities affiliated with Grupe, under which the Company agreed to acquire twelve stores, all of which are located in California. The Company completed the purchase of these stores between December 2013 and May 2014. The Company previously held a 35% interest in five of these stores and a 40% interest in one store through six separate joint ventures with Grupe. These stores were acquired in exchange for a total of approximately $45,722 of cash, the assumption of $37,532 in existing debt, and the issuance of 704,016 Series C Units valued at $30,960. The Partnership Agreement provides for the designation and issuance of the Series C Units. The Series C Units rank junior to the Series A Units, on parity with the Series B Units and Series D Units, and senior to all other partnership interests of the Operating Partnership with respect to distributions and liquidation. The Series C Units have a liquidation value of $42.10 per unit for a fixed liquidation value of $29,639. From issuance to the fifth anniversary of issuance, each Series C Unit holder will receive quarterly distributions equal to the quarterly distribution for common OP Unit plus $0.18. Beginning on the fifth anniversary of issuance, each Series C Unit holder will receive a fixed quarterly distribution equal to the aggregate quarterly distribution payable in respect of such Series C Unit during the four quarters immediately preceding the fifth anniversary of issuance divided by four. These distributions are cumulative. The Series C Units will become redeemable at the option of the holder one year from the date of issuance, which redemption obligation may be satisfied at the Company’s option in cash or shares of its common stock. The Series C Units will also become convertible into common OP Units at the option of the holder one year from the date of issuance, at a rate of 0.9145 common OP Units per Series C Unit converted. This conversion option expires upon the fifth anniversary of the date of issuance. In December 2014, the Operating Partnership loaned holders of the Series C Units $20,230. The notes receivable, which are collateralized by the Series C Units, bear interest at 5.0% and mature on December 15, 2024. The Series C Units are shown on the balance sheet net of the $20,230 loan because the borrower under the loan receivable is also the holder of the Series C Units. Series D Redeemable Preferred Units In December 2014, the Operating Partnership completed the acquisition of a store located in Florida. This store was acquired in exchange for $5,621 in cash and 548,390 Series D Units valued at $13,710. The Partnership Agreement provides for the designation and issuance of the Series D Units. The Series D Units rank junior to the Series A Units, on parity with the Series B Units and Series C Units, and senior to all other partnership interest of the Operating Partnership with respect to distributions and liquidation. The Series D Units have a liquidation value of $25.00 per unit, for a fixed liquidation value of $13,710. Holders of the Series D Units receive distributions at an annual rate of 5.0%. These distributions are cumulative. The Series D Units will become redeemable at the option of the holder on the first anniversary of the date of issuance, which redemption obligation may be satisfied at the Company’s option in cash or shares of its common stock. |
Stock-Based Compensation
Stock-Based Compensation | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock-Based Compensation | 18. STOCK-BASED COMPENSATION As of December 31, 2015, 4,658,171 shares were available for issuance under the Company’s 2015 Incentive Award Plan (the “Plan”). Option grants are issued with an exercise price equal to the closing price of stock on the date of grant. Unless otherwise determined by the Compensation, Nominating and Governance Committee (“CNG Committee”) at the time of grant, options shall vest ratably over a four-year Also as defined under the terms of the Plan, restricted stock grants may be awarded. The stock grants are subject to a vesting period over which the restrictions are released and the stock certificates are given to the grantee. During the performance or vesting period, the grantee is not permitted to sell, transfer, pledge, encumber or assign shares of restricted stock granted under the Plan; however, the grantee has the ability to vote the shares and receive nonforfeitable dividends paid on shares. Unless otherwise determined by the CNG Committee at the time of grant, the forfeiture and transfer restrictions on the shares lapse over a four-year period beginning on the date of grant. Option Grants A summary of stock option activity is as follows: Options Number of Shares Weighted Average Weighted Average Aggregate Intrinsic Outstanding at December 31, 2012 1,097,092 $ 13.89 Granted 49,075 38.40 Exercised (391,543 ) 14.81 Forfeited — — Outstanding at December 31, 2013 754,624 $ 15.01 Granted 31,000 47.50 Exercised (211,747 ) 14.85 Forfeited (5,150 ) 28.28 Outstanding at December 31, 2014 568,727 $ 16.62 Granted 89,575 69.93 Exercised (79,974 ) 18.79 Forfeited (5,699 ) 39.83 Outstanding at December 31, 2015 572,629 $ 24.42 4.87 $ 36,525 Vested and Expected to Vest 562,672 $ 23.70 4.79 $ 36,297 Ending Exercisable 429,348 $ 13.16 3.63 $ 32,222 The aggregate intrinsic value in the table above represents the total value (the difference between the Company’s closing stock price on the last trading day of 2015 and the exercise price, multiplied by the number of in-the-money The weighted average fair value of stock options granted in 2015, 2014 and 2013, was $16.89, $12.03 and $9.74, respectively. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions: For the Year Ended December 31, 2015 2014 2013 Expected volatility 38 % 40 % 42 % Dividend yield 4 % 4 % 4 % Risk-free interest rate 1.5 % 1.5 % 0.9 % Average expected term (years) 5 5 5 The Black-Scholes model incorporates assumptions to value stock-based awards. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of the grant for the estimated life of the option. The Company uses actual historical data to calculate the expected price volatility, dividend yield and average expected term. The forfeiture rate, which is estimated at a weighted-average A summary of stock options outstanding and exercisable as of December 31, 2015, is as follows: Options Outstanding Options Exercisable Exercise Price Shares Weighted Average Weighted Average Shares Weighted Average $6.22 167,000 3.13 $ 6.22 167,000 $ 6.22 $11.59—$15.07 182,410 3.14 13.28 182,410 13.28 $15.30—$47.50 133,644 6.37 31.87 79,938 27.38 $65.36—$65.45 39,575 9.14 65.40 — — $73.52 50,000 9.58 73.52 — — $6.22—$73.52 572,629 4.87 $ 24.42 429,348 $ 13.16 The Company recorded compensation expense relating to outstanding options of $510, $456 and $536 in general and administrative expense for the years ended December 31, 2015, 2014 and 2013, respectively. Total cash received for the years ended December 31, 2015, 2014 and 2013, related to option exercises was $1,542, $3,095 and $5,896, respectively. At December 31, 2015, there was $1,427 of total unrecognized compensation expense related to non-vested stock options under the Company’s 2004 Long-Term Incentive Compensation Plan. That cost is expected to be recognized over a weighted-average Common Stock Granted to Employees and Directors The Company recorded $5,545, $4,528 and $4,283 of expense in general and administrative expense in its statement of operations related to outstanding shares of common stock granted to employees and directors for the years ended December 31, 2015, 2014 and 2013, respectively. The forfeiture rate, which is estimated at a weighted-average The fair value of common stock awards is determined based on the closing trading price of the Company’s common stock on the grant date. A summary of the Company’s employee and director share grant activity is as follows: Restricted Stock Grants Shares Weighted-Average Unreleased at December 31, 2012 540,272 $ 17.93 Granted 137,602 39.51 Released (259,191 ) 15.11 Cancelled (23,323 ) 23.62 Unreleased at December 31, 2013 395,360 $ 26.96 Granted 117,370 49.25 Released (197,386 ) 23.07 Cancelled (23,595 ) 37.19 Unreleased at December 31, 2014 291,749 $ 37.73 Granted 174,558 69.18 Released (129,808 ) 34.86 Cancelled (18,090 ) 44.54 Unreleased at December 31, 2015 318,409 $ 55.75 |
Employee Benefit Plan
Employee Benefit Plan | 12 Months Ended |
Dec. 31, 2015 | |
Compensation and Retirement Disclosure [Abstract] | |
Employee Benefit Plan | 19. EMPLOYEE BENEFIT PLAN The Company has a retirement savings plan under Section 401(k) of the Internal Revenue Code under which eligible employees can contribute up to 15% of their annual salary, subject to a statutory prescribed annual limit. For the years ended December 31, 2015, 2014 and 2013, the Company made matching contributions to the plan of $1,680, $1,529 and $1,013, respectively, based on 100% of the first 3% and up to 50% of the next 2% of an employee’s compensation. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 20. INCOME TAXES As a REIT, the Company is generally not subject to federal income tax with respect to that portion of its income which is distributed annually to its stockholders. However, the Company has elected to treat one of its corporate subsidiaries, Extra Space Management, Inc., as a taxable REIT subsidiary. In general, the Company’s TRS may perform additional services for tenants and generally may engage in any real estate or non-real estate related business. A TRS is subject to corporate federal income tax. The Company accounts for income taxes in accordance with the provisions of ASC 740, “Income Taxes.” The income tax provision for the years ended December 31, 2015, 2014 and 2013, is comprised of the following components: For the Year Ended December 31, 2015 Federal State Total Current expense $ 3,736 $ 1,640 $ 5,376 Tax credits/True-up 274 — 274 Change in deferred benefit 7,016 (1,518 ) 5,498 Total tax expense $ 11,026 $ 122 $ 11,148 For the Year Ended December 31, 2014 Federal State Total Current expense $ 6,020 $ 1,374 $ 7,394 Tax credits/True-up (2,176 ) — (2,176 ) Change in deferred benefit 803 1,549 2,352 Total tax expense $ 4,647 $ 2,923 $ 7,570 For the Year Ended December 31, 2013 Federal State Total Current expense $ 9,572 $ 615 $ 10,187 Tax credits/True-up (4,556 ) — (4,556 ) Change in deferred benefit 4,353 — 4,353 Total tax expense $ 9,369 $ 615 $ 9,984 A reconciliation of the statutory income tax provisions to the effective income tax provisions for the periods indicated is as follows: For the Year Ended December 31, 2015 2014 Expected tax at statutory rate $ 77,151 35.0 % $ 71,215 35.0 % Non-taxable REIT income (67,084 ) (30.4 %) (64,402 ) (31.7 %) State and local tax expense—net of federal benefit 1,249 0.6 % 1,109 0.6 % Change in valuation allowance (624 ) (0.3 %) 1,663 0.8 % Tax Credits/True-up (WOTC & Solar) 274 0.1 % (2,176 ) (1.1 %) Miscellaneous 182 0.1 % 161 0.1 % Total provision $ 11,148 5.1 % $ 7,570 3.7 % The major sources of temporary differences stated at their deferred tax effects are as follows: December 31, December 31, Deferred Tax Liabilities: Fixed Assets $ (17,360 ) $ (16,586 ) Other (221 ) (269 ) State Deferred Taxes (1,523 ) (1,576 ) Total Deferred Tax Liabilities (19,104 ) (18,431 ) Deferred Tax Assets: Capitive Insurance Subsidiary 429 447 Accrued liabilities 2,633 1,232 Stock compensation 1,346 1,176 Solar Credit 2,167 9,342 Other 309 840 SmartStop TRS 1,085 — State Deferred Taxes 6,016 6,260 Total Deferred Tax Assets 13,985 19,297 Valuation Allowance (5,609 ) (6,233 ) Net deferred income tax liabilities $ (10,728 ) $ (5,367 ) The state income tax net operating losses expire between 2016 and 2033. The valuation allowance is associated with the state income tax net operating losses. The solar tax credit carryforwards expire between 2030 and 2034. The tax years 2011 through 2014 remain open related to the state returns, and 2012 through 2014 for the federal returns. |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Segment Information | 21. SEGMENT INFORMATION The Company operates in three distinct segments: (1) rental operations; (2) tenant reinsurance; and (3) property management, acquisition and development. Management fees collected for wholly-owned stores are eliminated in consolidation. Financial information for the Company’s business segments is set forth below: December 31, December 31, Balance Sheet Investment in unconsolidated real estate ventures Rental operations $ 103,007 $ 85,711 Total assets Rental operations $ 5,674,030 $ 4,089,553 Tenant reinsurance 37,696 39,383 Property management, acquisition and development 359,681 253,051 $ 6,071,407 $ 4,381,987 For the Year Ended December 31, 2015 2014 2013 Statement of Operations Total revenues Rental operations $ 676,138 $ 559,868 $ 446,682 Tenant reinsurance 71,971 59,072 47,317 Property management, acquisition and development 34,161 28,215 26,614 782,270 647,155 520,613 Operating expenses, including depreciation and amortization Rental operations 328,380 279,497 229,229 Tenant reinsurance 13,033 10,427 9,022 Property management, acquisition and development 146,201 78,763 68,879 487,614 368,687 307,130 Income (loss) from operations Rental operations 347,758 280,371 217,453 Tenant reinsurance 58,938 48,645 38,295 Property management, acquisition and development (112,040 ) (50,548 ) (42,265 ) 294,656 278,468 213,483 Gain (loss) on real estate transactions and earnout from prior acquisitions Property management, acquisition and development 1,501 (10,285 ) 960 Property casualty loss, net Rental operations — (1,724 ) — Loss on extinguishment of debt related to portfolio acquisition Property management, acquisition and development — — (9,153 ) Interest expense Rental operations (93,711 ) (80,160 ) (69,702 ) Property management, acquisition and development (1,971 ) (1,170 ) (1,928 ) (95,682 ) (81,330 ) (71,630 ) Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes Property management, acquisition and development (3,310 ) (2,683 ) (1,404 ) Interest income Tenant reinsurance 15 17 17 Property management, acquisition and development 3,446 1,590 732 3,461 1,607 749 Interest income on note receivable from Preferred Operating Partnership unit holder Property management, acquisition and development 4,850 4,850 4,850 Equity in earnings of unconsolidated real estate ventures Rental operations 12,351 10,541 11,653 Equity in earnings of unconsolidated real estate ventures—gain on sale of real estate assets and purchase of partners’ interests Rental operations 2,857 4,022 46,032 Income tax (expense) benefit Rental operations (1,729 ) (1,157 ) (149 ) Tenant reinsurance (9,780 ) (8,662 ) (13,409 ) Property management, acquisition and development 361 2,249 3,574 (11,148 ) (7,570 ) (9,984 ) Net income (loss) Rental operations 267,526 213,617 205,287 Tenant reinsurance 49,173 40,000 24,903 Property management, acquisition and development (107,163 ) (57,721 ) (44,634 ) $ 209,536 $ 195,896 $ 185,556 Depreciation and amortization expense Rental operations $ 124,415 $ 107,081 $ 89,217 Property management, acquisition and development 9,042 7,995 6,015 $ 133,457 $ 115,076 $ 95,232 Statement of Cash Flows Acquisition of real estate assets Property management, acquisition and development $ (1,550,750 ) $ (503,538 ) $ (349,959 ) Development and redevelopment of real estate assets Property management, acquisition and development $ (26,931 ) $ (23,528 ) $ (6,466 ) |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | 22. COMMITMENTS AND CONTINGENCIES The Company has operating leases on its corporate offices and owns 19 stores that are subject to leases. At December 31, 2015, future minimum rental payments under these non-cancelable operating leases were as follows (unaudited): Less than 1 year $ 5,655 Year 2 4,326 Year 3 3,479 Year 4 2,861 Year 5 2,808 Thereafter 60,797 $ 79,926 The monthly rental amounts for two of the ground leases include contingent rental payments based on the level of revenue achieved at the stores. The Company recorded expense of $3,858, $3,406 and $3,032 related to these ground leases in the years ended December 31, 2015, 2014 and 2013, respectively. The Company is involved in various legal proceedings and is subject to various claims and complaints arising in the ordinary course of business. Because litigation is inherently unpredictable, the outcome of these matters cannot presently be determined with any degree of certainty. In accordance with applicable accounting guidance, management establishes an accrued liability for litigation when those matters present loss contingencies that are both probable and reasonably estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. The estimated loss, if any, is based upon currently available information and is subject to significant judgment, a variety of assumptions, and known and unknown uncertainties. Therefore, any estimate(s) of loss disclosed below represents what management believes to be an estimate of loss only for certain matters meeting these criteria and does not represent our maximum loss exposure. The Company could in the future incur judgments or enter into settlements of claims that could have a material adverse effect on its results of operations in any particular period, notwithstanding the fact that the Company is currently vigorously defending any legal proceedings against it. The Company currently has several legal proceedings pending against it that include causes of action alleging wrongful foreclosure, violations of various state specific self-storage statutes, and violations of various consumer fraud acts. As a result of these litigation matters, the Company recorded a liability of $850 during the year ended December 31, 2014, which is included in other liabilities on the consolidated balance sheets. Although there can be no assurance, the Company is not aware of any material environmental liability, for which it believes it will be ultimately responsible, that could have a material adverse effect on its financial condition or results of operations. However, changes in applicable environmental laws and regulations, the uses and conditions of properties in the vicinity of the Company’s properties, the activities of its tenants and other environmental conditions of which the Company is unaware with respect to its properties could result in future material environmental liabilities. |
Supplementary Quarterly Financi
Supplementary Quarterly Financial Data (Unaudited) | 12 Months Ended |
Dec. 31, 2015 | |
Quarterly Financial Information Disclosure [Abstract] | |
Supplementary Quarterly Financial Data (Unaudited) | 23. SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED) For the Three Months Ended March 31, June 30, September 30, December 31, Revenues $ 173,154 $ 185,860 $ 197,497 $ 225,759 Cost of operations 97,718 104,253 100,193 185,450 Revenues less cost of operations $ 75,436 $ 81,607 $ 97,304 $ 40,309 Net income $ 58,636 $ 60,956 $ 78,200 $ 11,744 Net income attributable to common stockholders $ 53,742 $ 55,339 $ 71,718 $ 8,675 Earnings per common share—basic $ 0.46 $ 0.47 $ 0.58 $ 0.07 Earnings per common share—diluted $ 0.46 $ 0.47 $ 0.58 $ 0.07 For the Three Months Ended March 31, June 30, September 30, December 31, Revenues $ 152,587 $ 160,724 $ 169,067 $ 164,777 Cost of operations 92,189 90,063 91,574 94,861 Revenues less cost of operations $ 60,398 $ 70,661 $ 77,493 $ 69,916 Net income $ 41,209 $ 46,008 $ 59,193 $ 49,486 Net income attributable to common stockholders $ 37,340 $ 41,665 $ 54,228 $ 45,122 Earnings per common share—basic $ 0.32 $ 0.36 $ 0.47 $ 0.39 Earnings per common share—diluted $ 0.32 $ 0.36 $ 0.47 $ 0.39 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | 24. SUBSEQUENT EVENTS Subsequent to year end the Company has purchased 16 stores for a total of $144,573. This includes the buyout of a joint venture partner’s interest in six stores at the value of the JV partner’s interest. These stores are located in Florida, Maryland, New Mexico, New York, Nevada, Tennessee and Texas. Subsequent to year end, the Company sold 831,300 shares of common stock at an average sale price of $89.66 per share, resulting in net proceeds of $73,785. Subsequent to year end, the Company repurchased $19,639 principal amount of the 2013 Notes and issued 130,909 shares of common stock for the value in excess of the principal amount. |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2015 | |
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] | |
Schedule III - Real Estate and Accumulated Depreciation | Extra Space Storage Inc. Schedule III Real Estate and Accumulated Depreciation (Dollars in thousands) Date acquired or development completed Store Name State Debt Land Building and Adjustments and Notes Gross carrying amount at December 31, 2015 Accumulated Land Building and Total 08/23/2010 Auburn / Dean Rd AL $ 4,605 $ 324 $ 1,895 $ 135 $ 325 $ 2,029 $ 2,354 $ 336 08/23/2010 Auburn / Opelika Rd AL 1,787 92 138 177 92 315 407 101 07/02/2012 Birmingham / Grace Baker Rd AL 4,506 790 9,369 148 790 9,517 10,307 850 03/20/2014 Birmingham / Lorna Rd AL 7,382 2,381 11,224 105 2,381 11,329 13,710 523 10/01/2015 Daphne AL — 970 4,182 28 970 4,210 5,180 27 08/31/2007 Hoover AL 4,055 1,313 2,858 701 1,313 3,559 4,872 1,159 10/01/2015 Montgomery / Carmichael Rd AL 4,852 540 9,048 2 540 9,050 9,590 58 10/01/2015 Montgomery / Monticello Dr AL — 1,280 4,056 31 1,280 4,087 5,367 26 10/01/2015 Chandler / W Chandler Blvd AZ — 950 3,707 16 950 3,723 4,673 24 07/25/2013 Chandler / W Elliot Rd AZ 4,169 547 4,213 194 547 4,407 4,954 305 04/15/2015 Glendale AZ — 608 8,461 241 608 8,702 9,310 160 10/01/2015 Mesa / E Guadalupe Rd AZ — 1,350 6,290 105 1,350 6,395 7,745 41 12/27/2012 Mesa / E Southern Ave AZ 5,435 2,973 5,545 343 2,973 5,888 8,861 482 08/18/2004 Mesa / Madero Ave AZ 3,153 849 2,547 222 849 2,769 3,618 874 07/02/2012 Mesa / N. Alma School Rd AZ 3,073 1,129 4,402 99 1,129 4,501 5,630 408 07/25/2013 Mesa / Southern Ave AZ 4,113 1,453 2,897 166 1,453 3,063 4,516 207 04/01/2006 Peoria / 75th Ave AZ 4,459 652 4,105 162 652 4,267 4,919 1,099 01/31/2011 Peoria / W Beardsley Rd AZ — 1,060 4,731 34 1,060 4,765 5,825 615 01/02/2007 Phoenix / E Greenway Pkwy AZ — 669 4,135 485 668 4,621 5,289 1,135 07/01/2005 Phoenix / East Bell Rd AZ — 1,441 7,982 699 1,441 8,681 10,122 2,590 10/01/2015 Phoenix / Missouri Ave AZ — 470 1,702 9 470 1,711 2,181 11 11/30/2012 Phoenix / N 32nd St AZ 6,897 2,257 7,820 198 2,257 8,018 10,275 656 06/30/2006 Phoenix / N Cave Creek Rd AZ 3,265 552 3,530 273 551 3,804 4,355 1,035 10/01/2015 Phoenix / Washington AZ 2,995 1,200 3,767 58 1,200 3,825 5,025 24 10/01/2015 Tempe / S Priest Dr AZ — 850 3,283 21 850 3,304 4,154 21 10/01/2015 Tempe / W Broadway Rd AZ 2,566 1,040 3,562 94 1,040 3,656 4,696 24 11/30/2012 Tucson AZ — 1,090 7,845 115 1,090 7,960 9,050 648 06/25/2007 Alameda CA — 2,919 12,984 2,123 2,919 15,107 18,026 4,103 08/29/2013 Alhambra CA — 10,109 6,065 351 10,109 6,416 16,525 400 04/25/2014 Anaheim / Old Canal Rd CA 10,216 2,765 12,680 158 2,765 12,838 15,603 572 08/29/2013 Anaheim / S Adams St CA 7,156 3,593 3,330 224 3,593 3,554 7,147 238 08/29/2013 Anaheim / S State College Blvd CA 6,538 2,519 2,886 215 2,519 3,101 5,620 209 07/01/2008 Antelope CA 4,000 1,525 8,345 (267 ) (a ) 1,185 8,418 9,603 1,589 10/19/2011 Bellflower CA 1,230 640 1,350 98 639 1,449 2,088 167 05/15/2007 Belmont CA — 3,500 7,280 81 3,500 7,361 10,861 1,602 06/25/2007 Berkeley CA 20,811 1,716 19,602 1,998 1,715 21,601 23,316 5,142 10/19/2011 Bloomington / Bloomington Ave CA 2,765 934 1,937 171 934 2,108 3,042 304 10/19/2011 Bloomington / Linden Ave CA — 647 1,303 186 647 1,489 2,136 205 08/29/2013 Burbank / Thornton Ave CA — 4,061 5,318 289 4,061 5,607 9,668 360 08/10/2000 Burbank / W Verdugo Ave CA 13,003 3,199 5,082 2,027 3,619 6,689 10,308 2,676 04/08/2011 Burlingame CA 5,213 2,211 5,829 142 2,211 5,971 8,182 753 03/14/2011 Carson CA — — 9,709 102 — 9,811 9,811 1,215 06/25/2007 Castro Valley CA — — 6,346 455 — 6,801 6,801 1,504 10/19/2011 Cerritos CA 16,707 8,728 15,895 2,685 8,728 18,580 27,308 1,951 11/01/2013 Chatsworth CA — 9,922 7,599 408 9,922 8,007 17,929 1,317 06/01/2004 Claremont / South Mills Ave CA 2,949 1,472 2,012 273 1,472 2,285 3,757 762 10/19/2011 Claremont / W Arrow Hwy CA 3,415 1,375 1,434 212 1,375 1,646 3,021 206 06/25/2007 Colma CA 23,788 3,947 22,002 2,340 3,947 24,342 28,289 6,005 09/01/2008 Compton CA 4,572 1,426 7,582 57 1,426 7,639 9,065 1,442 08/29/2013 Concord CA 5,226 3,082 2,822 249 3,082 3,071 6,153 194 09/21/2009 El Cajon CA — 1,100 6,380 108 1,100 6,488 7,588 1,050 06/25/2007 El Sobrante CA — 1,209 4,018 1,562 1,209 5,580 6,789 1,565 12/02/2013 Elk Grove / Power Inn Rd CA 5,657 894 6,949 83 894 7,032 7,926 371 12/02/2013 Elk Grove / Stockton Blvd CA 6,675 640 8,640 57 640 8,697 9,337 458 05/01/2010 Emeryville CA — 3,024 11,321 171 3,024 11,492 14,516 1,669 12/02/2013 Fair Oaks CA 4,209 644 11,287 63 644 11,350 11,994 592 10/19/2011 Fontana / Baseline Ave CA 4,774 778 4,723 134 777 4,858 5,635 569 10/19/2011 Fontana / Foothill Blvd 1 CA — 768 4,208 226 768 4,434 5,202 513 10/19/2011 Fontana / Foothill Blvd 2 CA — 684 3,951 241 684 4,192 4,876 486 09/15/2002 Fontana / Valley Blvd 1 CA 3,095 961 3,846 456 1,000 4,263 5,263 1,514 10/15/2003 Fontana / Valley Blvd 2 CA 5,524 1,246 3,356 515 1,300 3,817 5,117 1,240 06/01/2004 Gardena CA — 3,710 6,271 2,263 4,110 8,134 12,244 2,363 10/01/2015 Gilroy CA 8,207 1,140 14,265 126 1,140 14,391 15,531 92 06/01/2004 Glendale CA — — 6,084 253 — 6,337 6,337 1,984 07/02/2012 Hawaiian Gardens CA 9,178 2,964 12,478 209 2,964 12,687 15,651 1,196 10/01/2015 Hawthorne / La Cienega Blvd CA 11,981 2,500 18,562 75 2,500 18,637 21,137 120 06/01/2004 Hawthorne / Rosselle Ave CA 3,743 1,532 3,871 267 1,532 4,138 5,670 1,339 06/26/2007 Hayward CA 8,329 3,149 8,006 3,148 3,148 11,155 14,303 3,020 07/01/2005 Hemet CA 3,085 1,146 6,369 350 1,146 6,719 7,865 1,937 10/19/2011 Hesperia CA — 156 430 174 156 604 760 110 07/02/2012 Hollywood CA 9,793 4,555 10,590 112 4,555 10,702 15,257 962 08/10/2000 Inglewood CA 5,638 1,379 3,343 974 1,530 4,166 5,696 1,805 10/19/2011 Irvine CA 4,919 3,821 3,999 142 3,821 4,141 7,962 472 05/28/2014 La Quinta CA 13,025 4,706 12,604 145 4,706 12,749 17,455 545 10/01/2015 Ladera Ranch CA — 6,440 24,500 15 6,440 24,515 30,955 157 10/19/2011 Lake Elsinore / Central Ave CA 3,134 587 4,219 229 587 4,448 5,035 513 10/19/2011 Lake Elsinore / Collier Ave CA — 294 2,105 104 294 2,209 2,503 261 10/01/2015 Lake Forest CA 17,974 15,093 18,895 37 15,093 18,932 34,025 121 10/17/2009 Lancaster / 23rd St W CA — 1,425 5,855 102 1,425 5,957 7,382 944 07/28/2006 Lancaster / West Ave J-8 CA 5,543 1,347 5,827 303 1,348 6,129 7,477 1,605 06/01/2004 Livermore CA — 1,134 4,615 276 1,134 4,891 6,025 1,531 10/19/2011 Long Beach / E Artesia Blvd CA 2,659 1,772 2,539 300 1,772 2,839 4,611 332 10/01/2015 Long Beach / E Wardlow Rd CA 13,179 6,340 17,050 23 6,340 17,073 23,413 109 11/01/2013 Long Beach / W Wardlow Rd CA — 5,859 4,992 45 5,859 5,037 10,896 913 03/23/2000 Los Angeles / Casitas Ave CA 8,661 1,431 2,976 766 1,611 3,562 5,173 1,464 07/02/2012 Los Angeles / Fountain Ave CA 4,994 3,099 4,889 104 3,099 4,993 8,092 458 12/31/2007 Los Angeles / La Cienega CA 9,887 3,991 9,774 116 3,992 9,889 13,881 2,049 09/01/2008 Los Angeles / S Central Ave CA 8,162 2,200 8,108 72 2,200 8,180 10,380 1,548 12/02/2013 Los Angeles / S Western Ave CA 1,434 287 2,011 367 287 2,378 2,665 151 04/25/2014 Los Angeles / Slauson Ave CA 7,380 2,400 8,605 305 2,401 8,909 11,310 401 07/17/2012 Los Gatos CA — 2,550 8,257 66 2,550 8,323 10,873 835 01/01/2004 Manteca CA 3,574 848 2,543 196 848 2,739 3,587 882 11/01/2013 Marina Del Rey CA — 19,928 18,742 246 19,928 18,988 38,916 2,615 08/29/2013 Menlo Park CA 9,562 7,675 1,812 256 7,675 2,068 9,743 136 06/01/2007 Modesto / Crows Landing CA 3,294 909 3,043 296 909 3,339 4,248 843 08/29/2013 Modesto / Sylvan Ave CA 4,258 1,647 4,215 201 1,647 4,416 6,063 272 07/02/2012 Moreno Valley CA 2,048 482 3,484 47 482 3,531 4,013 322 10/01/2015 Morgan Hill CA 7,278 1,760 11,772 59 1,760 11,831 13,591 75 11/01/2013 North Highlands CA — 799 2,801 97 799 2,898 3,697 469 08/29/2013 North Hollywood / Coldwater Canyon CA — 4,501 4,465 373 4,501 4,838 9,339 312 05/01/2006 North Hollywood / Van Owen CA 6,659 3,125 9,257 244 3,125 9,501 12,626 2,361 08/29/2013 Northridge CA 6,614 3,641 2,872 293 3,641 3,165 6,806 216 08/29/2013 Oakland / 29th Ave CA 10,149 6,359 5,753 273 6,359 6,026 12,385 382 04/24/2000 Oakland / Fallon St CA 4,104 — 3,777 1,138 — 4,915 4,915 2,053 12/02/2013 Oakland / San Leandro St CA 7,719 1,668 7,652 286 1,668 7,938 9,606 427 07/01/2005 Oceanside / Oceanside Blvd 1 CA — 3,241 11,361 890 3,241 12,251 15,492 3,583 12/09/2014 Oceanside / Oceanside Blvd 2 CA 6,050 4,508 4,599 49 4,508 4,648 9,156 124 11/30/2012 Orange CA 12,124 4,847 12,341 312 4,847 12,653 17,500 1,048 12/02/2013 Oxnard CA 8,571 5,421 6,761 331 5,421 7,092 12,513 380 08/01/2009 Pacoima CA 2,166 3,050 7,597 101 3,050 7,698 10,748 1,262 01/01/2005 Palmdale CA 4,602 1,225 5,379 2,233 1,225 7,612 8,837 2,151 10/19/2011 Paramount CA 2,559 1,404 2,549 207 1,404 2,756 4,160 331 08/31/2000 Pico Rivera / Beverly Blvd CA — 1,150 3,450 234 1,150 3,684 4,834 1,373 03/04/2014 Pico Rivera / San Gabriel River Pkwy CA 4,445 2,150 4,734 43 2,150 4,777 6,927 220 10/19/2011 Placentia CA 6,647 4,798 5,483 288 4,798 5,771 10,569 658 05/24/2007 Pleasanton CA 7,267 1,208 4,283 449 1,208 4,732 5,940 1,265 06/01/2004 Richmond / Lakeside Dr CA 4,796 953 4,635 629 953 5,264 6,217 1,745 09/26/2013 Richmond / Meeker Ave CA — 3,139 7,437 225 3,139 7,662 10,801 469 08/18/2004 Riverside CA 4,801 1,075 4,042 554 1,075 4,596 5,671 1,502 12/02/2013 Rocklin CA 6,394 1,745 8,005 58 1,745 8,063 9,808 425 11/04/2013 Rohnert Park CA 6,389 990 8,094 163 990 8,257 9,247 449 07/01/2005 Sacramento / Auburn Blvd CA — 852 4,720 750 852 5,470 6,322 1,611 03/31/2015 Sacramento / B Street CA 7,611 1,025 11,479 429 1,025 11,908 12,933 241 10/01/2010 Sacramento / Franklin Blvd CA 2,988 1,738 5,522 118 1,844 5,534 7,378 767 12/31/2007 Sacramento / Stockton Blvd CA 2,836 952 6,936 462 1,075 7,275 8,350 998 06/01/2006 San Bernardino / Sterling Ave. CA — 750 5,135 160 750 5,295 6,045 1,259 06/01/2004 San Bernardino / W Club Center Dr CA — 1,213 3,061 138 1,173 3,239 4,412 1,026 08/29/2013 San Diego / Cedar St CA 13,188 5,919 6,729 448 5,919 7,177 13,096 443 12/11/2015 San Diego / Del Sol Blvd CA — 2,679 7,029 5 2,679 7,034 9,713 — 10/19/2011 San Dimas CA 5,318 1,867 6,354 266 1,867 6,620 8,487 752 08/29/2013 San Francisco / Egbert Ave CA 10,636 5,098 4,054 261 5,098 4,315 9,413 275 06/14/2007 San Francisco / Folsom CA 18,102 8,457 9,928 1,837 8,457 11,765 20,222 3,124 10/01/2015 San Francisco / Otis Street CA — 5,460 18,741 101 5,460 18,842 24,302 121 07/26/2012 San Jose / Charter Park Dr CA 4,652 2,428 2,323 260 2,428 2,583 5,011 272 09/01/2009 San Jose / N 10th St CA 10,784 5,340 6,821 287 5,340 7,108 12,448 1,142 08/01/2007 San Leandro / Doolittle Dr CA 15,102 4,601 9,777 3,422 4,601 13,199 17,800 3,345 10/01/2010 San Leandro / Washington Ave CA — 3,343 6,630 (4 ) (f ) 3,291 6,678 9,969 913 10/01/2015 San Lorenzo CA — — 8,784 108 — 8,892 8,892 57 08/29/2013 San Ramon CA — 4,819 5,819 272 4,819 6,091 10,910 375 08/29/2013 Santa Ana CA 4,139 3,485 2,382 233 3,485 2,615 6,100 179 07/30/2009 Santa Clara CA 7,914 4,750 8,218 34 4,750 8,252 13,002 1,343 07/02/2012 Santa Cruz CA 8,357 1,588 11,160 123 1,588 11,283 12,871 1,010 10/04/2007 Santa Fe Springs CA 6,334 3,617 7,022 368 3,617 7,390 11,007 1,712 10/19/2011 Santa Maria / Farnel Rd CA 2,908 1,556 2,740 462 1,556 3,202 4,758 389 10/19/2011 Santa Maria / Skyway Dr CA 3,141 1,310 3,526 109 1,309 3,636 4,945 412 08/31/2004 Sherman Oaks CA 16,279 4,051 12,152 603 4,051 12,755 16,806 3,763 08/29/2013 Stanton CA 6,895 5,022 2,267 220 5,022 2,487 7,509 179 05/19/2002 Stockton / Jamestown CA 2,364 649 3,272 243 649 3,515 4,164 1,273 12/02/2013 Stockton / Pacific Ave CA — 3,619 2,443 82 3,619 2,525 6,144 139 04/25/2014 Sunland CA 4,968 1,688 6,381 71 1,688 6,452 8,140 289 08/29/2013 Sunnyvale CA — 10,732 5,004 243 10,732 5,247 15,979 327 05/02/2008 Sylmar CA 6,278 3,058 4,671 277 3,058 4,948 8,006 1,112 02/28/2013 Thousand Oaks CA 10,883 4,500 8,834 (964 ) (d ) 3,500 8,870 12,370 123 07/15/2003 Tracy / E 11th St 1 CA 5,260 778 2,638 789 911 3,294 4,205 1,093 04/01/2004 Tracy / E 11th St 2 CA 3,035 946 1,937 303 946 2,240 3,186 815 06/25/2007 Vallejo / Sonoma Blvd CA 2,847 1,177 2,157 1,077 1,177 3,234 4,411 1,065 10/01/2015 Vallejo / Tennessee St CA 8,596 2,640 13,870 123 2,640 13,993 16,633 89 08/29/2013 Van Nuys CA — 7,939 2,576 343 7,939 2,919 10,858 206 08/31/2004 Venice CA — 2,803 8,410 (3,057 ) (b ) 2,803 5,353 8,156 1,443 08/29/2013 Ventura CA — 3,453 2,837 223 3,453 3,060 6,513 209 10/19/2011 Victorville CA — 151 751 161 151 912 1,063 131 07/01/2005 Watsonville CA — 1,699 3,056 299 1,699 3,355 5,054 998 09/01/2009 West Sacramento CA — 2,400 7,425 111 2,400 7,536 9,936 1,232 06/19/2002 Whittier CA 3,257 — 2,985 205 — 3,190 3,190 1,140 08/29/2013 Wilmington CA — 6,792 10,726 25 6,792 10,751 17,543 636 09/15/2000 Arvada CO 1,753 286 1,521 703 286 2,224 2,510 1,097 05/25/2011 Castle Rock / Industrial Way 1 CO 1,027 407 3,077 260 407 3,337 3,744 429 07/23/2015 Castle Rock / Industrial Way 2 CO — 531 — — 531 — 531 — 06/10/2011 Colorado Springs / Austin Bluffs Pkwy CO 1,667 296 4,199 270 296 4,469 4,765 592 08/31/2007 Colorado Springs / Dublin Blvd CO 3,698 781 3,400 281 781 3,681 4,462 901 11/25/2008 Colorado Springs / S 8th St CO 3,875 1,525 4,310 418 1,525 4,728 6,253 957 10/24/2014 Colorado Springs / Stetson Hills Blvd CO 3,979 2,077 4,087 264 2,077 4,351 6,428 144 09/15/2000 Denver / E 40th Ave CO 2,482 602 2,052 1,527 745 3,436 4,181 1,396 07/01/2005 Denver / W 96th Ave CO 3,537 368 1,574 287 368 1,861 2,229 616 07/18/2012 Fort Carson CO — — 6,945 112 — 7,057 7,057 641 09/01/2006 Parker CO 4,531 800 4,549 816 800 5,365 6,165 1,512 09/15/2000 Thornton CO 2,718 212 2,044 1,151 248 3,159 3,407 1,414 09/15/2000 Westminster CO 2,051 291 1,586 1,201 299 2,779 3,078 1,361 03/17/2014 Bridgeport CT — 1,072 14,028 132 1,072 14,160 15,232 654 07/02/2012 Brookfield CT 5,010 991 7,891 126 991 8,017 9,008 740 01/15/2004 Groton CT 5,112 1,277 3,992 444 1,276 4,437 5,713 1,550 12/31/2007 Middletown CT 2,722 932 2,810 194 932 3,004 3,936 665 11/04/2013 Newington CT 2,328 1,363 2,978 609 1,363 3,587 4,950 208 08/16/2002 Wethersfield CT 6,667 709 4,205 228 709 4,433 5,142 1,576 11/19/2015 Apopka / Park Ave FL — 613 5,228 — 613 5,228 5,841 — 11/19/2015 Apopka / Semoran Blvd FL — 888 5,737 6 888 5,743 6,631 — 05/02/2012 Auburndale FL 1,244 470 1,076 152 470 1,228 1,698 139 07/15/2009 Bonita Springs FL — 2,198 8,215 127 2,198 8,342 10,540 1,351 12/23/2014 Bradenton FL — 1,333 3,677 565 1,333 4,242 5,575 114 11/30/2012 Brandon FL 4,537 1,327 5,656 174 1,327 5,830 7,157 489 06/19/2008 Coral Springs FL 6,109 3,638 6,590 278 3,638 6,868 10,506 1,468 10/01/2015 Davie FL 7,907 4,890 11,679 91 4,890 11,770 16,660 76 01/06/2006 Deland FL 2,736 1,318 3,971 348 1,318 4,319 5,637 1,172 11/30/2012 Fort Lauderdale / Commercial Blvd FL 5,015 1,576 5,397 329 1,576 5,726 7,302 483 08/26/2004 Fort Lauderdale / NW 31st Ave FL 7,348 1,587 4,205 385 1,587 4,590 6,177 1,465 05/04/2011 Fort Lauderdale / S State Rd 7 FL 6,963 2,750 7,002 561 2,750 7,563 10,313 955 08/26/2004 Fort Myers / Cypress Lake Dr FL 6,023 1,691 4,711 359 1,691 5,070 6,761 1,579 07/01/2005 Fort Myers / San Carlos Blvd FL — 1,985 4,983 615 1,985 5,598 7,583 1,675 03/08/2005 Greenacres FL 2,535 1,463 3,244 153 1,463 3,397 4,860 1,019 10/01/2015 Gulf Breeze / Gulf Breeze Pkwy FL 2,900 620 2,886 14 620 2,900 3,520 18 10/01/2015 Gulf Breeze / McClure Dr FL 6,170 660 12,590 14 660 12,604 13,264 81 01/01/2010 Hialeah / E 65th Street FL 5,838 1,750 7,150 111 1,750 7,261 9,011 1,129 08/01/2008 Hialeah / Okeechobee Rd FL — 2,800 7,588 126 2,800 7,714 10,514 1,489 09/01/2010 Hialeah / W 84th St FL 5,838 1,678 6,807 81 1,678 6,888 8,566 945 11/20/2007 Hollywood FL 6,616 3,214 8,689 366 3,214 9,055 12,269 2,017 10/01/2015 Jacksonville / Monument Rd FL 5,571 490 10,708 77 490 10,785 11,275 70 10/01/2015 Jacksonville / Timuquana Rd FL 4,600 1,000 3,744 140 1,000 3,884 4,884 26 12/28/2012 Kenneth City FL 2,245 805 3,345 58 805 3,403 4,208 274 05/02/2012 Lakeland / Harden Blvd FL 3,767 593 4,701 209 593 4,910 5,503 518 05/02/2012 Lakeland / South Florida Ave FL 5,412 871 6,905 248 871 7,153 8,024 704 09/03/2014 Lakeland / US Hwy 98 FL — 529 3,604 104 529 3,708 4,237 132 12/27/2012 Land O Lakes FL 6,333 798 4,490 2 799 4,491 5,290 377 08/26/2004 Madeira Beach FL 3,473 1,686 5,163 298 1,686 5,461 7,147 1,669 08/10/2000 Margate FL 3,234 430 3,139 1,495 469 4,595 5,064 1,579 07/02/2012 Miami / Coral Way FL 7,892 3,257 9,713 179 3,257 9,892 13,149 907 10/25/2011 Miami / Hammocks Blvd FL 6,324 521 5,198 133 521 5,331 5,852 631 08/10/2000 Miami / NW 12th St FL 7,629 1,325 4,395 2,103 1,419 6,404 7,823 2,194 07/02/2012 Miami / NW 2nd Ave FL 5,559 1,979 6,513 191 1,979 6,704 8,683 630 02/04/2011 Miami / SW 147th Ave FL — 2,375 5,543 111 2,374 5,655 8,029 666 05/31/2007 Miami / SW 186th St FL 4,312 1,238 7,597 368 1,238 7,965 9,203 1,897 11/08/2013 Miami / SW 68th Ave FL 9,887 3,305 11,997 53 3,305 12,050 15,355 659 08/10/2000 Miami / SW 72nd Street FL 7,730 5,315 4,305 2,113 5,859 5,874 11,733 2,086 11/30/2009 Miami Gardens FL 6,660 4,798 9,475 136 4,798 9,611 14,409 1,515 06/18/2015 Naples / Goodlette Road FL — — 17,220 70 — 17,290 17,290 221 11/01/2013 Naples / Old US 41 FL — 1,990 4,887 419 1,990 5,306 7,296 652 11/08/2013 Naranja FL 8,429 603 11,223 104 603 11,327 11,930 620 08/10/2000 North Lauderdale FL 4,016 428 3,516 1,015 459 4,500 4,959 2,010 06/01/2004 North Miami FL 8,429 1,256 6,535 634 1,256 7,169 8,425 2,345 10/01/2015 Oakland Park FL 9,764 2,030 19,241 126 2,030 19,367 21,397 125 03/08/2005 Ocoee FL 2,982 872 3,642 328 872 3,970 4,842 1,205 11/19/2015 Orlando / Hoffner Ave FL — 512 6,697 — 512 6,697 7,209 — 03/08/2005 Orlando / Hunters Creek FL 9,760 2,233 9,223 515 2,233 9,738 11,971 2,888 08/26/2004 Orlando / LB McLeod Rd FL 8,454 1,216 5,008 482 1,216 5,490 6,706 1,724 06/17/2015 Orlando / Lee Rd FL — 535 5,364 2 535 5,366 5,901 64 03/08/2005 Orlando / Metrowest FL 5,566 1,474 6,101 304 1,474 6,405 7,879 1,897 07/15/2010 Orlando / Orange Blossom Trail FL — 625 2,133 88 625 2,221 2,846 351 03/08/2005 Orlando / Waterford Lakes FL 3,603 1,166 4,816 1,301 1,166 6,117 7,283 1,733 11/07/2013 Palm Springs FL — 2,108 8,028 159 2,108 8,187 10,295 468 05/31/2013 Plantation FL — 3,850 — (1,504 ) (d ) 2,346 — 2,346 — 08/26/2004 Port Charlotte FL — 1,389 4,632 267 1,389 4,899 6,288 1,497 08/26/2004 Riverview FL 4,595 654 2,953 311 654 3,264 3,918 1,030 11/30/2012 Sarasota / Clark Rd FL 7,803 4,666 9,016 287 4,666 9,303 13,969 777 12/23/2014 Sarasota / Washington Blvd FL — 1,192 2,919 29 1,192 2,948 4,140 78 12/03/2012 Seminole FL 2,324 1,133 3,017 188 1,133 3,205 4,338 271 12/23/2014 South Pasadena FL 9,420 8,890 10,106 96 8,890 10,202 19,092 273 04/15/2014 Stuart / Gran Park Way FL 6,895 1,640 8,358 143 1,640 8,501 10,141 391 10/01/2015 Stuart / Kanner Hwy FL — 1,250 5,007 76 1,250 5,083 6,333 33 10/01/2015 Stuart / NW Federal Hwy 1 FL — 760 3,125 83 760 3,208 3,968 21 10/01/2015 Tallahassee FL 9,225 1,460 21,471 — 1,460 21,471 22,931 138 11/01/2013 Tamiami FL — 5,042 7,164 329 5,042 7,493 12,535 1,014 11/22/2006 Tampa / Cypress St FL 3,523 883 3,533 160 881 3,695 4,576 928 03/27/2007 Tampa / W Cleveland St FL 3,551 1,425 4,766 316 1,425 5,082 6,507 1,307 12/23/2014 Tampa / W Hillsborough Ave FL 2,374 1,086 2,937 385 1,086 3,322 4,408 87 08/26/2004 Valrico FL 4,358 1,197 4,411 284 1,197 4,695 5,892 1,475 01/13/2006 Venice FL 6,714 1,969 5,903 320 1,970 6,222 8,192 1,748 08/10/2000 West Palm Beach / Forest Hill Bl FL — 1,164 2,511 733 1,246 3,162 4,408 1,340 08/10/2000 West Palm Beach / N Military Trail 1 FL 4,415 1,312 2,511 953 1,416 3,360 4,776 1,436 11/01/2013 West Palm Beach / N Military Trail 2 FL — 1,595 2,833 105 1,595 2,938 4,533 429 12/01/2011 West Palm Beach / S Military Trail FL 3,340 1,729 4,058 102 1,730 4,159 5,889 463 07/01/2005 West Palm Beach / Southern Blvd FL — 1,752 4,909 450 1,752 5,359 7,111 1,696 10/01/2015 Weston FL 7,009 1,680 11,342 89 1,680 11,431 13,111 74 08/26/2004 Alpharetta / Holcomb Bridge Rd GA — 1,973 1,587 295 1,973 1,882 3,855 623 10/01/2015 Alpharetta / Jones Bridge Rd GA 5,781 1,420 8,902 28 1,420 8,930 10,350 57 08/08/2006 Alpharetta / North Main St GA 5,075 1,893 3,161 191 1,894 3,351 5,245 884 08/06/2014 Atlanta / Chattahoochee Ave GA — 1,132 10,080 103 1,132 10,183 11,315 368 08/26/2004 Atlanta / Cheshire Bridge Rd NE GA 11,791 3,737 8,333 726 3,738 9,058 12,796 2,763 10/22/2014 Atlanta / Edgewood Ave SE GA 7,699 588 10,295 59 588 10,354 10,942 320 04/03/2014 Atlanta / Mt Vernon Hwy GA — 2,961 19,819 94 2,961 19,913 22,874 877 08/26/2004 Atlanta / Roswell Rd GA — 1,665 2,028 292 1,665 2,320 3,985 762 02/28/2005 Atlanta / Virginia Ave GA 6,294 3,319 8,325 729 3,319 9,054 12,373 2,706 11/04/2013 Augusta GA 2,025 710 2,299 85 710 2,384 3,094 133 10/01/2015 Austell GA 3,325 540 6,550 32 540 6,582 7,122 42 10/01/2015 Buford GA — 500 5,484 23 500 5,507 6,007 35 05/07/2015 Dacula / Auburn Rd GA 4,468 2,087 4,295 136 2,087 4,431 6,518 56 01/17/2006 Dacula / Braselton Hwy GA 3,670 1,993 3,001 180 1,993 3,181 5,174 863 06/17/2010 Douglasville GA — 1,209 719 398 1,209 1,117 2,326 241 10/01/2015 Duluth / Berkeley Lake Rd GA 4,014 1,350 5,718 31 1,350 5,749 7,099 37 10/01/2015 Duluth / Breckinridge Blvd GA 3,834 1,160 6,336 63 1,160 6,399 7,559 41 10/01/2015 Duluth / Peachtree Industrial Blvd GA 4,163 440 7,516 26 440 7,542 7,982 48 11/30/2012 Eastpoint GA 5,497 1,718 6,388 171 1,718 6,559 8,277 540 10/01/2015 Ellenwood GA 2,666 260 3,992 26 260 4,018 4,278 26 06/14/2007 Johns Creek GA 3,373 1,454 4,151 177 1,454 4,328 5,782 1,000 10/01/2015 Jonesboro GA — 540 6,174 14 540 6,188 6,728 40 06/17/2010 Kennesaw / Cobb Parkway NW GA — 673 1,151 195 673 1,346 2,019 237 10/01/2015 Kennesaw / George Busbee Pkwy GA 4,702 500 9,126 — 500 9,126 9,626 59 11/04/2013 Lawrenceville / Hurricane Shoals Rd GA 3,335 2,117 2,784 291 2,117 3,075 5,192 191 10/01/2015 Lawrenceville / Lawrenceville Hwy 1 GA — 730 3,058 27 730 3,085 3,815 20 10/01/2015 Lawrenceville / Lawrenceville Hwy 2 GA 3,025 1,510 4,674 31 1,510 4,705 6,215 30 10/01/2015 Lawrenceville / Old Norcross Rd GA — 870 3,705 — 870 3,705 4,575 24 11/12/2009 Lithonia GA — 1,958 3,645 137 1,958 3,782 5,740 625 10/01/2015 Marietta / Austell Rd SW GA — 1,070 3,560 11 1,070 3,571 4,641 23 06/17/2010 Marietta / Cobb Parkway N GA — 887 2,617 332 887 2,949 3,836 488 10/01/2015 Marietta / Powers Ferry Rd GA 5,421 430 9,242 24 430 9,266 9,696 59 10/01/2015 Marietta / West Oak Pkwy GA 4,343 500 6,395 21 500 6,416 6,916 41 10/01/2015 Peachtree City GA — 1,080 8,628 12 1,080 8,640 9,720 55 04/24/2015 Powder Springs GA 4,595 370 6,014 61 370 6,075 6,445 78 10/01/2015 Sandy Springs GA 6,919 1,740 11,439 23 1,740 11,462 13,202 73 10/01/2015 Savannah / King George Blvd 1 GA 2,935 390 4,889 17 390 4,906 5,296 31 10/01/2015 Savannah / King George Blvd 2 GA — 390 3,370 18 390 3,388 3,778 22 10/01/2015 Sharpsburg GA 4,852 360 8,455 21 360 8,476 8,836 54 10/01/2015 Smyrna GA 4,553 1,360 7,002 35 1,360 7,037 8,397 45 08/26/2004 Snellville GA — 2,691 4,026 330 2,691 4,356 7,047 1,384 08/26/2004 Stone Mountain / Annistown Rd GA 2,784 1,817 4,382 328 1,817 4,710 6,527 1,464 07/01/2005 Stone Mountain / S Hairston Rd GA 2,518 925 3,505 407 925 3,912 4,837 1,157 06/14/2007 Sugar Hill / Nelson Brogdon Blvd 1 GA — 1,371 2,547 223 1,371 2,770 4,141 684 06/14/2007 Sugar Hill / Nelson Brogdon Blvd 2 GA — 1,368 2,540 270 1,367 2,811 4,178 689 10/15/2013 Tucker GA 5,848 1,773 10,456 67 1,773 10,523 12,296 598 10/01/2015 Wilmington Island GA 5,571 760 9,423 32 760 9,455 10,215 60 05/03/2013 Honolulu HI 17,382 4,674 18,350 183 4,674 18,533 23,207 1,257 06/25/2007 Kahului HI — 3,984 15,044 917 3,984 15,961 19,945 3,724 06/25/2007 Kapolei / Farrington Hwy 1 HI 9,289 — 24,701 564 — 25,265 25,265 5,686 12/06/2013 Kapolei / Farrington Hwy 2 HI 7,137 — 7,776 63 — 7,839 7,839 412 05/03/2013 Wahiawa HI 3,553 1,317 2,626 120 1,317 2,746 4,063 194 11/04/2013 Bedford Park IL 2,469 922 3,289 351 922 3,640 4,562 209 06/08/2015 Berwyn IL — 965 9,085 145 965 9,230 10,195 119 11/04/2013 Chicago / 60th St IL 4,910 1,363 5,850 149 1,363 5,999 7,362 336 11/04/2013 Chicago / 87th St IL 5,846 2,881 6,324 95 2,881 6,419 9,300 349 10/01/2015 Chicago / 95th St IL — 750 7,828 97 750 7,925 8,675 51 02/13/2013 Chicago / Montrose IL 8,276 1,318 9,485 66 1,318 9,551 10,869 718 11/04/2013 Chicago / Pulaski Rd IL 3,615 1,143 6,138 308 1,143 6,446 7,589 352 07/01/2005 Chicago / South Wabash IL — 621 3,428 2,226 621 5,654 6,275 1,618 11/10/2004 Chicago / Stony Island IL — 1,925 — — 1,925 — 1,925 — 07/01/2005 Chicago / West Addison IL 5,433 449 2,471 804 449 3,275 3,724 1,122 07/01/2005 Chicago / West Harrison IL 4,477 472 2,582 2,820 472 5,402 5,874 1,186 10/01/2015 Chicago / Western Ave IL — 670 4,718 101 670 4,819 5,489 32 10/01/2015 Cicero / Ogden Ave IL — 1,590 9,371 68 1,590 9,439 11,029 61 10/01/2015 Cicero / Roosevelt Rd IL — 910 3,224 80 910 3,304 4,214 21 07/15/2003 Crest Hill IL 2,340 847 2,946 812 968 3,637 4,605 1,187 10/01/2007 Gurnee IL — 1,374 8,296 128 1,374 8,424 9,798 1,803 12/01/2011 Highland Park IL 11,852 5,798 6,016 105 5,798 6,121 11,919 667 11/04/2013 Lincolnshire IL 3,585 1,438 5,128 34 1,438 5,162 6,600 281 12/01/2008 Naperville / Ogden Avenue IL — 2,800 7,355 (711 ) (d ) 1,950 7,494 9,444 1,385 12/01/2011 Naperville / State Route 59 IL 4,734 1,860 5,793 108 1,860 5,901 7,761 636 05/03/2008 North Aurora IL 2,409 600 5,833 143 600 5,976 6,576 1,210 07/02/2012 Skokie IL 3,857 1,119 7,502 208 1,119 7,710 8,829 710 10/15/2002 South Holland IL 2,382 839 2,879 374 865 3,227 4,092 1,147 08/01/2008 Tinley Park IL — 1,823 4,794 993 1,548 6,062 7,610 985 10/10/2008 Carmel IN 4,929 1,169 4,393 284 1,169 4,677 5,846 985 06/27/2011 Connersville IN 1,097 472 315 120 472 435 907 82 10/31/2008 Ft Wayne IN — 1,899 3,292 293 1,899 3,585 5,484 789 10/10/2008 Indianapolis / Dandy Trail-Windham Lake Dr IN 5,537 850 4,545 409 850 4,954 5,804 1,105 08/31/2007 Indianapolis / E 65th St IN — 588 3,457 335 588 3,792 4,380 965 11/30/2012 Indianapolis / E 86th St IN 1,060 646 1,294 164 646 1,458 2,104 144 10/10/2008 Indianapolis / Southport Rd-Kildeer Dr IN — 426 2,903 389 426 3,292 3,718 748 10/10/2008 Mishawaka IN 4,862 630 3,349 299 630 3,648 4,278 798 06/27/2011 Richmond IN — 723 482 438 723 920 1,643 155 04/13/2006 Wichita KS 2,045 366 1,897 433 366 2,330 2,696 745 06/27/2011 Covington KY 1,951 839 2,543 146 839 2,689 3,528 358 10/01/2015 Crescent Springs KY — 120 5,313 5 120 5,318 5,438 34 10/01/2015 Erlanger KY 3,731 220 7,132 10 220 7,142 7,362 46 10/01/2015 Florence / Centennial Circle KY — 240 8,234 7 240 8,241 8,481 53 10/01/2015 Florence / Steilen Dr KY 6,181 540 13,616 2 540 13,618 14,158 87 07/01/2005 Louisville / Bardstown Rd KY — 586 3,244 402 586 3,646 4,232 1,137 07/01/2005 Louisville / Warwick Ave KY 4,137 1,217 4,611 214 1,217 4,825 6,042 1,417 12/01/2005 Louisville / Wattbourne Ln KY 4,612 892 2,677 266 892 2,943 3,835 823 10/01/2015 Walton KY — 290 6,245 13 290 6,258 6,548 40 08/26/2004 Metairie LA 3,688 2,056 4,216 314 2,056 4,530 6,586 1,362 08/26/2004 New Orleans LA 5,213 4,058 4,325 703 4,059 5,027 9,086 1,652 06/01/2003 Ashland MA 5,643 474 3,324 370 474 3,694 4,168 1,454 05/01/2004 Auburn MA — 918 3,728 365 919 4,092 5,011 1,667 11/04/2013 Billerica MA 8,008 3,023 6,697 192 3,023 6,889 9,912 384 05/01/2004 Brockton / Centre St / Rte 123 MA — 647 2,762 193 647 2,955 3,602 1,140 11/04/2013 Brockton / Oak St MA 5,029 829 6,195 479 829 6,674 7,503 384 11/09/2012 Danvers MA 7,662 3,115 5,736 188 3,115 5,924 9,039 487 02/06/2004 Dedham / Allied Dr MA — 2,443 7,328 1,411 2,443 8,739 11,182 2,949 03/04/2002 Dedham / Milton St MA 5,935 2,127 3,041 935 2,127 3,976 6,103 1,540 05/13/2015 Dedham / Providence Highway MA — 1,625 10,875 9 1,625 10,884 12,509 139 02/06/2004 East Somerville MA — — — 159 — 159 159 120 07/01/2005 Everett MA — 692 2,129 1,092 692 3,221 3,913 1,069 05/01/2004 Foxboro MA — 759 4,158 479 759 4,637 5,396 2,031 07/02/2012 Framingham MA — — — 47 — 47 47 14 05/01/2004 Hudson MA 3,287 806 3,122 471 806 3,593 4,399 1,590 12/31/2007 Jamaica Plain MA 9,245 3,285 11,275 637 3,285 11,912 15,197 2,526 10/18/2002 Kingston MA 5,351 555 2,491 215 555 2,706 3,261 1,078 06/22/2001 Lynn MA — 1,703 3,237 438 1,703 3,675 5,378 1,490 03/31/2004 Marshfield MA 4,533 1,039 4,155 270 1,026 4,438 5,464 1,414 11/14/2002 Milton MA — 2,838 3,979 6,656 2,838 10,635 13,473 2,774 11/04/2013 North Andover MA 3,679 773 4,120 126 773 4,246 5,019 240 10/15/1999 North Oxford MA 3,780 482 1,762 515 527 2,232 2,759 993 02/28/2001 Northborough MA 4,489 280 2,715 571 280 3,286 3,566 1,445 08/15/1999 Norwood MA 6,523 2,160 2,336 1,824 2,221 4,099 6,320 1,570 07/01/2005 Plainville MA 4,913 2,223 4,430 461 2,223 4,891 7,114 1,728 02/06/2004 Quincy MA 6,910 1,359 4,078 426 1,360 4,503 5,863 1,451 05/15/2000 Raynham MA — 588 2,270 762 670 2,950 3,620 1,200 12/01/2011 Revere MA 4,821 2,275 6,935 183 2,275 7,118 9,393 774 06/01/2003 Saugus MA 9,142 1,725 5,514 581 1,725 6,095 7,820 2,207 06/15/2001 Somerville MA 11,664 1,728 6,570 939 1,731 7,506 9,237 2,757 07/01/2005 Stoneham MA 5,826 944 5,241 187 944 5,428 6,372 1,568 05/01/2004 Stoughton MA — 1,754 2,769 323 1,755 3,091 4,846 1,315 07/02/2012 Tyngsboro MA 3,403 1,843 5,004 71 1,843 5,075 6,918 463 02/06/2004 Waltham MA 5,095 3,770 11,310 1,120 3,770 12,430 16,200 3,984 09/14/2000 Weymouth MA — 2,806 3,129 231 2,806 3,360 6,166 1,424 02/06/2004 Woburn MA — — — 283 — 283 283 146 12/01/2006 Worcester / Ararat St MA 3,989 1,350 4,433 182 1,350 4,615 5,965 1,129 05/01/2004 Worcester / Millbury St MA 4,383 896 4,377 3,206 896 7,583 8,479 2,754 08/31/2007 Annapolis / Renard Ct / Annex MD 15,544 1,375 8,896 341 1,376 9,236 10,612 2,153 04/17/2007 Annapolis / Trout Rd MD 6,291 5,248 7,247 219 5,247 7,467 12,714 1,755 07/01/2005 Arnold MD 8,835 2,558 9,446 500 2,558 9,946 12,504 2,844 05/31/2012 Baltimore / Eastern Ave 1 MD 4,434 1,185 5,051 166 1,185 5,217 6,402 502 02/13/2013 Baltimore / Eastern Ave 2 MD 6,997 1,266 10,789 134 1,266 10,923 12,189 821 11/01/2008 Baltimore / Moravia Rd MD 4,360 800 5,955 160 800 6,115 6,915 1,163 06/01/2010 Baltimore / N Howard St MD — 1,900 5,277 155 1,900 5,432 7,332 807 07/01/2005 Bethesda MD 11,900 3,671 18,331 1,347 3,671 19,678 23,349 6,084 10/20/2010 Capitol Heights MD 8,105 1,461 9,866 244 1,461 10,110 11,571 1,429 03/07/2012 Cockeysville MD 3,743 465 5,600 304 465 5,904 6,369 624 07/01/2005 Columbia MD 7,810 1,736 9,632 377 1,736 10,009 11,745 2,819 12/02/2005 Edgewood / Pulaski Hwy 1 MD — 1,000 — (575 ) (d ) 425 — 425 — 09/10/2015 Edgewood / Pulaski Hwy 2 MD — 794 5,178 97 794 5,275 6,069 45 01/11/2007 Ft. Washington MD 8,848 4,920 9,174 231 4,920 9,405 14,325 2,252 07/02/2012 Gambrills MD 4,758 1,905 7,104 207 1,905 7,311 9,216 652 07/08/2011 Glen Burnie MD 11,247 1,303 4,218 347 1,303 4,565 5,868 623 06/10/2013 Hanover MD — 2,160 11,340 67 2,160 11,407 13,567 750 02/06/2004 Lanham MD 11,753 3,346 10,079 706 2,618 11,513 14,131 3,797 12/27/2007 Laurel MD 5,849 3,000 5,930 197 3,000 6,127 9,127 1,325 12/27/2012 Lexington Park MD — 4,314 8,412 160 4,314 8,572 12,886 688 09/17/2008 Pasadena / Fort Smallwood Rd MD 10,025 1,869 3,056 706 1,869 3,762 5,631 966 03/24/2011 Pasadena / Mountain Rd MD — 3,500 7,407 155 3,500 7,562 11,062 911 08/01/2011 Randallstown MD 4,450 764 6,331 314 764 6,645 7,409 809 09/01/2006 Rockville MD 12,011 4,596 11,328 392 4,596 11,720 16,316 2,890 07/01/2005 Towson / East Joppa Rd 1 MD 3,810 861 4,742 249 861 4,991 5,852 1,472 07/02/2012 Towson / East Joppa Rd 2 MD 6,018 1,094 9,598 156 1,094 9,754 10,848 882 07/02/2012 Belleville MI 3,763 954 4,984 116 954 5,100 6,054 464 07/01/2005 Grandville MI — 726 1,298 432 726 1,730 2,456 641 07/01/2005 Mt Clemens MI — 798 1,796 517 798 2,313 3,111 739 08/31/2007 Florissant MO 3,311 1,241 4,648 346 1,241 4,994 6,235 1,254 07/01/2005 Grandview MO — 612 1,770 417 612 2,187 2,799 784 06/01/2000 St Louis / Forest Park MO 2,479 156 1,313 634 173 1,930 2,103 899 08/31/2007 St Louis / Gravois Rd MO 2,607 676 3,551 351 676 3,902 4,578 994 06/01/2000 St Louis / Halls Ferry Rd MO 2,507 631 2,159 691 690 2,791 3,481 1,178 08/31/2007 St Louis / Old Tesson Rd MO 6,397 1,444 4,162 366 1,444 4,528 5,972 1,139 10/01/2015 Biloxi MS — 770 3,947 24 770 3,971 4,741 25 10/01/2015 Canton MS — 1,240 7,767 9 1,240 7,776 9,016 50 10/01/2015 Ridgeland MS — 410 9,135 32 410 9,167 9,577 59 10/15/2013 Cary NC 4,229 3,614 1,788 13 3,614 1,801 5,415 102 05/05/2015 Charlotte / Monroe Rd NC — 4,050 6,867 136 4,050 7,003 11,053 90 12/08/2015 Charlotte / S Tryon St NC — 1,372 3,931 1 1,372 3,932 5,304 — 06/19/2015 Charlotte / Wendover Rd NC — 1,408 5,461 55 1,408 5,516 6,924 71 10/01/2015 Concord NC — 770 4,873 27 770 4,900 5,670 31 12/11/2014 Greensboro / High Point Rd NC 3,712 1,069 4,199 70 1, |
Summary of Significant Accoun32
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The consolidated financial statements are presented on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its wholly- or majority-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. |
Variable Interest Entities | Variable Interest Entities The Company accounts for arrangements that are not controlled through voting or similar rights as variable interest entities (“VIEs”). An enterprise is required to consolidate a VIE if it is the primary beneficiary of the VIE. A VIE is created when (i) the equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support from other parties, or (ii) the entity’s equity holders as a group either: (a) lack the power, through voting or similar rights, to direct the activities of the entity that most significantly impact the entity’s economic performance, (b) are not obligated to absorb expected losses of the entity if they occur, or (c) do not have the right to receive expected residual returns of the entity if they occur. If an entity is deemed to be a VIE, the enterprise that is deemed to have a variable interest, or combination of variable interests, that provides the enterprise with a controlling financial interest in the VIE, is considered the primary beneficiary and must consolidate the VIE. The Company has concluded that under certain circumstances when the Company enters into arrangements for the formation of joint ventures, a VIE may be created under condition (i), (ii) (b) or (c) of the previous paragraph. For each VIE created, the Company has performed a qualitative analysis, including considering which party, if any, has the power to direct the activities most significant to the economic performance of each VIE and whether that party has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. If the Company is determined to be the primary beneficiary of the VIE, the assets, liabilities and operations of the VIE are consolidated with the Company’s financial statements. Additionally, the Operating Partnership has notes payable to three trusts that are VIEs under condition (ii)(a) above. Since the Operating Partnership is not the primary beneficiary of the trusts, these VIEs are not consolidated. The Company’s investments in real estate joint ventures, where the Company has significant influence, but not control, and joint ventures which are VIEs in which the Company is not the primary beneficiary, are recorded under the equity method of accounting on the accompanying consolidated financial statements. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Fair Value Disclosures | Fair Value Disclosures Derivative financial instruments Currently, the Company uses interest rate swaps to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate forward curves. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. In conjunction with the Financial Accounting Standard Board’s fair value measurement guidance, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of December 31, 2015, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2015, aggregated by the level in the fair value hierarchy within which those measurements fall. Fair Value Measurements at Reporting Date Using Description December 31, 2015 Quoted Prices in Active Significant Other Significant Other assets—Cash Flow Hedge Swap Agreements $ 4,996 $ — $ 4,996 $ — Other liabilities—Cash Flow Hedge Swap Agreements $ (6,991 ) $ — $ (6,991 ) $ — There were no transfers of assets and liabilities between Level 1 and Level 2 during the year ended December 31, 2015. The Company did not have any significant assets or liabilities that are re-measured Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis Long-lived assets held for use are evaluated for impairment when events or circumstances indicate there may be impairment. The Company reviews each store at least annually to determine if any such events or circumstances have occurred or exist. The Company focuses on stores where occupancy and/or rental income have decreased by a significant amount. For these stores, the Company determines whether the decrease is temporary or permanent, and whether the store will likely recover the lost occupancy and/or revenue in the short term. In addition, the Company reviews stores in the lease-up stage and compares actual operating results to original projections. When the Company determines that an event that may indicate impairment has occurred, the Company compares the carrying value of the related long-lived assets to the undiscounted future net operating cash flows attributable to the assets. An impairment loss is recorded if the net carrying value of the assets exceeds the undiscounted future net operating cash flows attributable to the assets. The impairment loss recognized equals the excess of net carrying value over the related fair value of the assets. When real estate assets are identified by management as held for sale, the Company discontinues depreciating the assets and estimates the fair value of the assets, net of selling costs. If the estimated fair value, net of selling costs, of the assets that have been identified as held for sale is less than the net carrying value of the assets, the Company would recognize a loss on the disposal group classified as held for sale. The operations of assets held for sale or sold during the period are presented as part of normal operations for all periods presented. As of December 31, 2015, the Company had seven stores classified as held for sale. The estimated fair value less selling costs of each of these assets is greater than the carrying value of the assets, and therefore no loss has been recorded. The Company assesses whether there are any indicators that the value of the Company’s investments in unconsolidated real estate ventures may be impaired annually and when events or circumstances indicate that there may be impairment. An investment is impaired if management’s estimate of the fair value of the investment is less than its carrying value. To the extent impairment has occurred, and is considered to be other than temporary, the loss is measured as the excess of the carrying amount of the investment over the fair value of the investment. As of December 31, 2015 and 2014, the Company did not have any assets or liabilities measured at fair value on a nonrecurring basis. Fair Value of Financial Instruments The carrying values of cash and cash equivalents, restricted cash, receivables, other financial instruments included in other assets, accounts payable and accrued expenses, variable-rate The fair values of the Company’s notes receivable from Preferred Operating Partnership unit holders and other fixed rate notes receivable was based on the discounted estimated future cash flow of the notes (categorized within Level 3 of the fair value hierarchy); the discount rate used approximated the current market rate for loans with similar maturities and credit quality. The fair values of the Company’s fixed rate notes payable and notes payable to trusts were estimated using the discounted estimated future cash payments to be made on such debt (categorized within Level 3 of the fair value hierarchy); the discount rates used approximated current market rates for loans, or groups of loans, with similar maturities and credit quality. The fair value of the Company’s exchangeable senior notes was estimated using an average market price for similar securities obtained from a third party. The fair values of the Company’s fixed-rate assets and liabilities were as follows for the periods indicated: December 31, 2015 December 31, 2014 Fair Carrying Fair Carrying Notes receivable from Preferred Operating Partnership unit holders $ 128,216 $ 120,230 $ 126,380 $ 120,230 Fixed rate notes receivable $ 86,814 $ 84,331 $ — $ — Fixed rate notes payable and notes payable to trusts $ 1,828,486 $ 1,806,904 $ 1,320,370 $ 1,283,893 Exchangeable senior notes $ 770,523 $ 660,364 $ 276,095 $ 250,000 |
Real Estate Assets | Real Estate Assets Real estate assets are stated at cost, less accumulated depreciation. Direct and allowable internal costs associated with the development, construction, renovation, and improvement of real estate assets are capitalized. Interest, property taxes, and other costs associated with development incurred during the construction period are capitalized. The construction period begins when expenditures for the real estate assets have been made and activities that are necessary to prepare the asset for its intended use are in progress. The construction period ends when the asset is substantially complete and ready for its intended use. Expenditures for maintenance and repairs are charged to expense as incurred. Major replacements and betterments that improve or extend the life of the asset are capitalized and depreciated over their estimated useful lives. Depreciation is computed using the straight-line method over the estimated useful lives of the buildings and improvements, which are generally between five and 39 years. In connection with the Company’s acquisition of stores, the purchase price is allocated to the tangible and intangible assets and liabilities acquired based on their fair values, which are estimated using significant unobservable inputs. The value of the tangible assets, consisting of land and buildings, is determined as if vacant. Intangible assets, which represent the value of existing tenant relationships, are recorded at their fair values based on the avoided cost to replace the current leases. The Company measures the value of tenant relationships based on the rent lost due to the amount of time required to replace existing customers, which is based on the Company’s historical experience with turnover in its stores. Debt assumed as part of an acquisition is recorded at fair value based on current interest rates compared to contractual rates. Acquisition-related transaction costs are expensed as incurred. Intangible lease rights represent: (1) purchase price amounts allocated to leases on three stores that cannot be classified as ground or building leases; these rights are amortized to expense over the life of the leases and (2) intangibles related to ground leases on six stores where the leases were assumed by the Company at rates that were lower than the current market rates for similar leases. The values associated with these assumed leases were recorded as intangibles, which will be amortized over the lease terms. |
Investments in Unconsolidated Real Estate Ventures | Investments in Unconsolidated Real Estate Ventures The Company’s investments in real estate joint ventures, where the Company has significant influence, but not control and joint ventures which are VIEs in which the Company is not the primary beneficiary, are recorded under the equity method of accounting in the accompanying consolidated financial statements. Under the equity method, the Company’s investment in real estate ventures is stated at cost and adjusted for the Company’s share of net earnings or losses and reduced by distributions. Equity in earnings of real estate ventures is generally recognized based on the Company’s ownership interest in the earnings of each of the unconsolidated real estate ventures. For the purposes of presentation in the statement of cash flows, the Company follows the “look through” approach for classification of distributions from joint ventures. Under this approach, distributions are reported under operating cash flow unless the facts and circumstances of a specific distribution clearly indicate that it is a return of capital (e.g., a liquidating dividend or distribution of the proceeds from the joint venture’s sale of assets), in which case it is reported as an investing activity. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company’s cash is deposited with financial institutions located throughout the United States and at times may exceed federally insured limits. The Company considers all highly liquid debt instruments with a maturity date of three months or less to be cash equivalents. |
Restricted Cash | Restricted Cash Restricted cash is comprised of letters of credit and escrowed funds deposited with financial institutions located throughout the United States relating to earnest money deposits on potential acquisitions, real estate taxes, insurance and capital expenditures. |
Other Assets | Other Assets Other assets consist primarily of equipment and fixtures, customer accounts receivable, investments in trusts, notes receivable, other intangible assets, income taxes receivable, deferred tax assets, prepaid expenses and the fair value of interest rate swaps. Depreciation of equipment and fixtures is computed on a straight-line basis over three to five years. |
Derivative Instruments and Hedging Activities | Derivative Instruments and Hedging Activities The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. |
Risk Management and Use of Financial Instruments | Risk Management and Use of Financial Instruments In the normal course of its ongoing business operations, the Company encounters economic risk. There are three main components of economic risk: interest rate risk, credit risk and market risk. The Company is subject to interest rate risk on its interest-bearing liabilities. Credit risk is the risk of inability or unwillingness of tenants to make contractually required payments. Market risk is the risk of declines in the value of stores due to changes in rental rates, interest rates or other market factors affecting the value of stores held by the Company. The Company has entered into interest rate swap agreements to manage a portion of its interest rate risk. |
Exchange of Common Operating Partnership Units | Exchange of Common Operating Partnership Units Redemption of common Operating Partnership units for shares of common stock, when redeemed under the original provisions of the Operating Partnership agreement, are accounted for by reclassifying the underlying net book value of the units from noncontrolling interest to the Company’s equity. |
Revenue and Expense Recognition | Revenue and Expense Recognition Rental revenues are recognized as earned based upon amounts that are currently due from tenants. Leases are generally on month-to-month terms. Prepaid rents are recognized on a straight-line basis over the term of the leases. Promotional discounts are recognized as a reduction to rental income over the promotional period. Late charges, administrative fees, merchandise sales and truck rentals are recognized as income when earned. Management fee revenues are recognized monthly as services are performed and in accordance with the terms of the related management agreements. Equity in earnings of unconsolidated real estate entities is recognized based on our ownership interest in the earnings of each of the unconsolidated real estate entities. Interest income is recognized as earned. Property expenses, including utilities, property taxes, repairs and maintenance and other costs to manage the facilities are recognized as incurred. The Company accrues for property tax expense based upon invoice amounts, estimates and historical trends. If these estimates are incorrect, the timing of expense recognition could be affected. Tenant reinsurance premiums are recognized as revenue over the period of insurance coverage. The Company records an unpaid claims liability at the end of each period based on existing unpaid claims and historical claims payment history. The unpaid claims liability represents an estimate of the ultimate cost to settle all unpaid claims as of each period end, including both reported but unpaid claims and claims that may have been incurred but have not been reported. The Company uses a third party claims administrator to adjust all tenant reinsurance claims received. The administrator evaluates each claim to determine the ultimate claim loss and includes an estimate for claims that may have been incurred but not reported. Annually, a third party actuary evaluates the adequacy of the unpaid claims liability. Prior year claim reserves are adjusted as experience develops or new information becomes known. The impact of such adjustments is included in the current period operations. The unpaid claims liability is not discounted to its present value. Each tenant chooses the amount of insurance coverage they want through the tenant reinsurance program. Tenants can purchase policies in amounts of two thousand dollars to ten thousand dollars of insurance coverage in exchange for a monthly fee. As of December 31, 2015, the average insurance coverage for tenants was approximately two thousand six hundred dollars. The Company’s exposure per claim is limited by the maximum amount of coverage chosen by each tenant. The Company purchases reinsurance for losses exceeding a set amount for any one event. The Company does not currently have any amounts recoverable under the reinsurance arrangements. |
Real Estate Sales | Real Estate Sales In general, sales of real estate and related profits/losses are recognized when all consideration has changed hands and risks and rewards of ownership have been transferred. Certain types of continuing involvement preclude sale treatment and related profit recognition; other forms of continuing involvement allow for sale recognition but require deferral of profit recognition. |
Advertising Costs | Advertising Costs The Company incurs advertising costs primarily attributable to internet, directory and other advertising. These costs are expensed as incurred. The Company recognized $8,539, $8,370, and $6,482 in advertising expense for the years ended December 31, 2015, 2014 and 2013, respectively. |
Income Taxes | Income Taxes The Company has elected to be treated as a REIT under Sections 856 through 860 of the Internal Revenue Code. In order to maintain its qualification as a REIT, among other things, the Company is required to distribute at least 90% of its REIT taxable income to its stockholders and meet certain tests regarding the nature of its income and assets. As a REIT, the Company is not subject to federal income tax with respect to that portion of its income which meets certain criteria and is distributed annually to stockholders. The Company plans to continue to operate so that it meets the requirements for taxation as a REIT. Many of these requirements, however, are highly technical and complex. If the Company were to fail to meet these requirements, it would be subject to federal income tax. The Company is subject to certain state and local taxes. Provision for such taxes has been included in income tax expense on the Company’s consolidated statements of operations. For the year ended December 31, 2015, 0.0% (unaudited) of all distributions to stockholders qualified as a return of capital. The Company has elected to treat its corporate subsidiary, Extra Space Management, Inc. (“ESMI”), as a taxable REIT subsidiary (“TRS”). In general, the Company’s TRS may perform additional services for tenants and may engage in any real estate or non-real estate related business. A TRS is subject to corporate federal income tax. ESM Reinsurance Limited, a wholly-owned subsidiary of ESMI, generates income from insurance premiums that are subject to corporate federal income tax and state insurance premiums tax. Deferred tax assets and liabilities are determined based on differences between financial reporting and tax bases of assets and liabilities. At December 31, 2015 and 2014, there were no material unrecognized tax benefits. Interest and penalties relating to uncertain tax positions will be recognized in income tax expense when incurred. As of December 31, 2015 and 2014, the Company had no interest or penalties related to uncertain tax provisions. |
Stock-Based Compensation | Stock-Based Compensation The measurement and recognition of compensation expense for all share-based payment awards to employees and directors are based on estimated fair values. Awards granted are valued at fair value and any compensation element is recognized on a straight line basis over the service periods of each award. |
Earnings Per Common Share | Earnings Per Common Share Basic earnings per common share is computed using the two-class method by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding during the period. All outstanding unvested restricted stock awards contain rights to non-forfeitable dividends and participate in undistributed earnings with common stockholders; accordingly, they are considered participating securities that are included in the two-class method. Diluted earnings per common share measures the performance of the Company over the reporting period while giving effect to all potential common shares that were dilutive and outstanding during the period. The denominator includes the weighted average number of basic shares and the number of additional common shares that would have been outstanding if the potential common shares that were dilutive had been issued, and is calculated using either the two-class, treasury stock or as if-converted method, whichever is most dilutive. Potential common shares are securities (such as options, convertible debt, Series A Participating Redeemable Preferred Units (“Series A Units”), Series B Redeemable Preferred Units (“Series B Units”), Series C Convertible Redeemable Preferred Units (“Series C Units”), Series D Redeemable Preferred Units (“Series D Units”) and common Operating Partnership units (“OP Units”)) that do not have a current right to participate in earnings of the Company but could do so in the future by virtue of their option, redemption or conversion right. In computing the dilutive effect of convertible securities, net income is adjusted to add back any changes in earnings in the period associated with the convertible security. The numerator also is adjusted for the effects of any other non-discretionary changes in income or loss that would result from the assumed conversion of those potential common shares. In computing diluted earnings per common share, only potential common shares that are dilutive (those that reduce earnings per common share) are included. For the years ended December 31, 2015, 2014 and 2013, options to purchase approximately 62,254, 27,374, and 44,958 shares of common stock, respectively, were excluded from the computation of earnings per share as their effect would have been anti-dilutive. The following table presents the number of Preferred Operating Partnership units, and the potential common shares, that were excluded from the computation of earnings per share as their effect would have been anti-dilutive: For the Year Ended December 31, 2015 2014 2013 Number of Units Equivalent Shares Number of Units Equivalent Shares Number of Equivalent Shares Series B Units 1,676,087 579,640 1,592,062 764,385 453,302 257,266 Series C Units 704,016 410,002 605,256 489,366 33,226 33,302 Series D Units 548,390 189,649 13,522 6,492 — — 2,928,493 1,179,291 2,210,840 1,260,243 486,528 290,568 The Operating Partnership had $85,364 of its 2.375% Exchangeable Senior Notes due 2033 (the “2013 Notes”) issued and outstanding as of December 31, 2015. The 2013 Notes could potentially have a dilutive impact on the Company’s earnings per share calculations. The 2013 Notes are exchangeable by holders into shares of the Company’s common stock under certain circumstances per the terms of the indenture governing the 2013 Notes. The exchange price of the 2013 Notes was $54.99 per share as of December 31, 2015, and could change over time as described in the indenture. The Company has irrevocably agreed to pay only cash for the accreted principal amount of the 2013 Notes relative to its exchange obligations, but retained the right to satisfy the exchange obligation in excess of the accreted principal amount in cash and/or common stock. The Operating Partnership had $575,000 of its 3.125% Exchangeable Senior Notes due 2035 (the “2015 Notes”) issued and outstanding as of December 31, 2015. The 2015 Notes could potentially have a dilutive impact on the Company’s earnings per share calculations. The 2015 Notes are exchangeable by holders into shares of the Company’s common stock under certain circumstances per the terms of the indenture governing the 2015 Notes. The exchange price of the 2015 Notes was $95.40 per share as of December 31, 2015, and could change over time as described in the indenture. The Company has irrevocably agreed to pay only cash for the accreted principal amount of the 2015 Notes relative to its exchange obligations, but retained the right to satisfy the exchange obligation in excess of the accreted principal amount in cash and/or common stock. Though the Company has retained that right, Accounting Standards Codification (“ASC”) 260, “Earnings per Share,” For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series A Units for common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the positive intent and ability to settle at least $115,000 of the instrument in cash (or net settle a portion of the Series A Units against the related outstanding note receivable), only the amount of the instrument in excess of $115,000 is considered in the calculation of shares contingently issuable for the purposes of computing diluted earnings per share as allowed by ASC 260-10-45-46. For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series B Units for common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series B Units outstanding as of December 31, 2015 of $41,902 by the closing price of the Company’s common stock as of December 31, 2015 of $88.21 per share. Assuming full exchange for common shares as of December 31, 2015, 475,027 shares would have been issued to the holders of the Series B Units. For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series C Units into common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series C Units outstanding as of December 31, 2015 of $29,639 by the closing price of the Company’s common stock as of December 31, 2015 of $88.21 per share. Assuming full exchange for common shares as of December 31, 2015, 336,006 shares would have been issued to the holders of the Series C Units. For the purposes of computing the diluted impact on earnings per share of the potential exchange of Series D Units into common shares upon redemption, where the Company has the option to redeem in cash or shares and where the Company has stated the intent and ability to settle the redemption in shares, the Company divided the total value of the Series D Units outstanding as of December 31, 2015 of $13,710 by the closing price of the Company’s common stock as of December 31, 2015 of $88.21 per share. Assuming full exchange for common shares as of December 31, 2015, 155,422 shares would have been issued to the holders of Series D Units. The computation of earnings per share is as follows for the periods presented: For the Year Ended December 31, 2015 2014 2013 Net income attributable to common stockholders $ 189,474 $ 178,355 $ 172,076 Earnings and dividends allocated to participating securities (601 ) (490 ) (567 ) Earnings for basic computations 188,873 177,865 171,509 Earnings and dividends allocated to participating securities — — 567 Income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) and Operating Partnership 14,790 13,575 7,255 Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) (5,088 ) (5,586 ) (5,750 ) Net income for diluted computations $ 198,575 $ 185,854 $ 173,581 Weighted average common shares outstanding: Average number of common shares outstanding—basic 119,816,743 115,713,807 111,349,361 Series A Units 875,480 961,747 989,980 OP Units 5,451,357 4,335,837 — Unvested restricted stock awards included for treasury stock method — — 425,705 Shares related to exchangeable senior notes and dilutive stock options 775,289 423,876 340,048 Average number of common shares outstanding—diluted 126,918,869 121,435,267 113,105,094 Earnings per common share Basic $ 1.58 $ 1.54 $ 1.54 Diluted $ 1.56 $ 1.53 $ 1.53 |
Recently Issued Accounting Standards | Recently Issued Accounting Standards In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, “ Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. In May 2014, the FASB issued ASU 2014-09, “ Revenue from Contracts with Customers, In February 2015, the FASB issued ASU 2015-02, “ Consolidation (Topic 810): Amendments to the Consolidation Analysis.” In April 2015, the FASB issued ASU 2015-03, “ Interest—Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs, In April 2015, the FASB issued ASU 2015-05, “ Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40)—Customers Accounting for Fees Paid in a Cloud Computing Arrangement, In August 2015, the FASB issued ASU 2015-15, “Interest—Imputation of Interest (Subtopic 835-30) Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements,” |
Convertible Debt | GAAP requires entities with convertible debt instruments that may be settled entirely or partially in cash upon conversion to separately account for the liability and equity components of the instrument in a manner that reflects the issuer’s economic interest cost. The Company therefore accounts for the liability and equity components of the 2013 Notes and 2015 Notes separately. The equity components are included in paid-in capital in stockholders’ equity in the condensed consolidated balance sheets, and the value of the equity components are treated as original issue discount for purposes of accounting for the debt components. The discounts are being amortized as interest expense over the remaining period of the debt through its first redemption date, July 1, 2018 for the 2013 Notes and October 1, 2020 for the 2015 Notes. The effective interest rate on the liability components of both the 2013 Notes and the 2015 Notes is 4.0%, which approximates the market rate of interest of similar debt without exchange features (i.e. nonconvertible debt) at the time of issuance. |
Summary of Significant Accoun33
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Accounting Policies [Abstract] | |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2015, aggregated by the level in the fair value hierarchy within which those measurements fall. Fair Value Measurements at Reporting Date Using Description December 31, Quoted Prices in Significant Other Significant Other assets—Cash Flow Hedge Swap Agreements $ 4,996 $ — $ 4,996 $ — Other liabilities—Cash Flow Hedge Swap Agreements $ (6,991 ) $ — $ (6,991 ) $ — |
Schedule of Fair Value of Financial Instruments | The fair values of the Company’s fixed-rate assets and liabilities were as follows for the periods indicated: December 31, 2015 December 31, 2014 Fair Carrying Fair Carrying Notes receivable from Preferred Operating Partnership unit holders $ 128,216 $ 120,230 $ 126,380 $ 120,230 Fixed rate notes receivable $ 86,814 $ 84,331 $ — $ — Fixed rate notes payable and notes payable to trusts $ 1,828,486 $ 1,806,904 $ 1,320,370 $ 1,283,893 Exchangeable senior notes $ 770,523 $ 660,364 $ 276,095 $ 250,000 |
Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share | The following table presents the number of Preferred Operating Partnership units, and the potential common shares, that were excluded from the computation of earnings per share as their effect would have been anti-dilutive: For the Year Ended December 31, 2015 2014 2013 Number of Units Equivalent Shares Number of Units Equivalent Shares Number of Equivalent Shares Series B Units 1,676,087 579,640 1,592,062 764,385 453,302 257,266 Series C Units 704,016 410,002 605,256 489,366 33,226 33,302 Series D Units 548,390 189,649 13,522 6,492 — — 2,928,493 1,179,291 2,210,840 1,260,243 486,528 290,568 |
Schedule of Computation of Earnings Per Common Share | The computation of earnings per share is as follows for the periods presented: For the Year Ended December 31, 2015 2014 2013 Net income attributable to common stockholders $ 189,474 $ 178,355 $ 172,076 Earnings and dividends allocated to participating securities (601 ) (490 ) (567 ) Earnings for basic computations 188,873 177,865 171,509 Earnings and dividends allocated to participating securities — — 567 Income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) and Operating Partnership 14,790 13,575 7,255 Fixed component of income allocated to noncontrolling interest—Preferred Operating Partnership (Series A Units) (5,088 ) (5,586 ) (5,750 ) Net income for diluted computations $ 198,575 $ 185,854 $ 173,581 Weighted average common shares outstanding: Average number of common shares outstanding—basic 119,816,743 115,713,807 111,349,361 Series A Units 875,480 961,747 989,980 OP Units 5,451,357 4,335,837 — Unvested restricted stock awards included for treasury stock method — — 425,705 Shares related to exchangeable senior notes and dilutive stock options 775,289 423,876 340,048 Average number of common shares outstanding—diluted 126,918,869 121,435,267 113,105,094 Earnings per common share Basic $ 1.58 $ 1.54 $ 1.54 Diluted $ 1.56 $ 1.53 $ 1.53 |
Real Estate Assets (Tables)
Real Estate Assets (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Real Estate [Abstract] | |
Schedule of Components of Real Estate Assets | The components of real estate assets are summarized as follows: December 31, 2015 December 31, 2014 Land—operating $ 1,384,009 $ 1,132,175 Land—development 17,313 21,062 Buildings and improvements 4,886,397 3,487,935 Intangible assets—tenant relationships 95,891 72,293 Intangible lease rights 8,877 8,697 6,392,487 4,722,162 Less: accumulated depreciation and amortization (728,087 ) (604,336 ) Net operating real estate assets 5,664,400 4,117,826 Real estate under development/redevelopment 24,909 17,870 Net real estate assets $ 5,689,309 $ 4,135,696 Real estate assets held for sale included in net real estate assets $ 10,774 $ — |
Property Acquisitions and Dis35
Property Acquisitions and Dispositions (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Business Combinations [Abstract] | |
Schedule of Operating Properties Acquired | The following table shows the Company’s acquisition of operating stores for the years ended December 31, 2015 and 2014, and does not include purchases of raw land or improvements made to existing assets: Consideration Paid Acquisition Date Fair Value Property Location Number Date of Total Cash Non-cash Loan Notes Previous Net Value of Number Land Building Intangible Closing California 1 12/11/2015 $ 9,712 $ 9,716 $ — $ — $ — $ — $ (4 ) $ — — $ 2,679 $ 7,029 $ — $ 4 North Carolina 1 12/8/2015 5,307 5,333 — — — — (26 ) — — 1,372 3,925 4 6 Oregon 1 11/24/2015 10,011 10,013 — — — — (2 ) — — 732 9,157 103 19 Florida 3 11/19/2015 20,017 19,965 — — — — 52 — — 2,012 17,662 329 14 Texas 1 11/13/2015 14,397 7,116 — — — — 60 7,221 91,434 6,643 7,551 202 1 Texas 1 10/23/2015 8,707 8,685 — — — — 22 — — 1,140 7,560 — 7 New Jersey 1 10/7/2015 7,430 7,394 — — — — 36 — — 1,057 6,037 146 190 Various (2) 122 10/1/2015 1,230,976 1,272,256 — — — — (69,936 ) 28,656 376,848 179,700 978,368 18,830 54,083 Maryland 1 9/10/2015 6,165 6,183 — — — — (18 ) — — 794 5,178 119 74 North Carolina 1 6/19/2015 6,987 6,926 — — — — 61 — — 1,408 5,461 107 11 Florida 1 6/18/2015 17,657 12,677 — — — — 207 4,773 71,054 — 17,220 327 110 Florida (3) 1 6/17/2015 6,076 412 1,100 — 4,601 — (37 ) — — 534 5,364 125 53 Illinois 1 6/8/2015 10,046 9,970 — — — — 76 — — 964 9,085 — (3 ) Massachusetts 1 5/13/2015 12,512 12,515 — — — — (3 ) — — 1,625 10,875 — 12 Georgia 1 5/7/2015 6,498 6,458 — — — — 40 — — 2,087 4,295 114 2 North Carolina 1 5/5/2015 11,007 10,976 — — — — 31 — — 4,050 6,867 77 13 Georgia 1 4/24/2015 6,500 6,451 — — — — 49 — — 370 6,014 114 2 Arizona, Texas 22 4/15/2015 178,252 75,681 — — — — 822 101,749 1,504,277 24,087 151,465 2,121 579 Texas 1 4/14/2015 8,650 8,580 — — — — 70 — — 619 7,861 160 10 California (4) 1 3/30/2015 12,699 1,700 1,629 — 11,009 (1,264 ) (375 ) — — 1,025 11,479 195 — South Carolina 2 3/30/2015 13,165 13,143 — — — — 22 — — 1,763 11,229 144 29 Virginia 1 3/17/2015 5,073 5,065 — — — — 8 — — 118 4,797 81 77 Texas 1 2/24/2015 13,570 13,519 — — — — 51 — — 1,511 11,861 182 16 Texas 3 1/13/2015 41,904 41,806 — — — — 98 — — 12,080 29,489 300 35 2015 Totals 171 $ 1,663,318 $ 1,572,540 $ 2,729 $ — $ 15,610 $ (1,264 ) $ (68,696 ) $ 142,399 2,043,613 $ 248,370 $ 1,335,829 $ 23,780 $ 55,344 Florida 4 12/23/2014 $ 32,954 $ 19,122 $ — $ — $ — $ — $ 122 $ 13,710 548,390 $ 12,502 $ 19,640 $ 482 $ 330 New Jersey, Virginia (5) 5 12/18/2014 47,747 42,167 — — — — 5,580 — — 4,259 42,440 688 360 New York (6) 1 12/11/2014 20,115 20,125 — — — — (10 ) — — 12,085 7,665 — 365 North Carolina, South Carolina, Texas (7) 7 12/11/2014 60,279 60,086 — — — — 193 — — 19,661 36,339 876 3,403 California 1 12/9/2014 9,298 6,300 — — — — 15 2,983 50,620 4,508 4,599 178 13 Colorado 1 10/24/2014 6,253 6,202 — — — — 51 — — 2,077 4,087 82 7 Georgia 1 10/22/2014 11,030 11,010 — — — — 20 — — 588 10,295 121 26 Florida 1 9/3/2014 4,259 4,225 — — — — 34 — — 529 3,604 81 45 Texas 1 8/8/2014 11,246 6,134 — 5,157 — — (45 ) — — 1,047 9,969 181 49 Georgia 1 8/6/2014 11,337 11,290 — — — — 47 — — 1,132 10,080 111 14 North Carolina 1 6/18/2014 7,310 7,307 — — — — 3 — — 2,940 4,265 93 12 California 1 5/28/2014 17,614 294 — 14,079 — — (92 ) 3,333 69,735 4,707 12,604 265 38 Washington 1 4/30/2014 4,388 4,388 — — — — — — — 437 3,808 102 41 California (8) 3 4/25/2014 35,275 2,726 3,438 19,111 — 129 (580 ) 10,451 226,285 6,853 27,666 579 177 Florida 1 4/15/2014 10,186 10,077 — — — — 109 — — 1,640 8,358 149 39 Georgia 1 4/3/2014 23,649 15,158 — — — — 157 8,334 333,360 2,961 19,819 242 627 Alabama 1 3/20/2014 13,813 13,752 — — — — 61 — — 2,381 11,224 200 8 Connecticut 1 3/17/2014 15,138 15,169 — — — — (31 ) — — 1,072 14,028 — 38 California (9) 1 3/4/2014 7,000 6,974 — — — — 26 — — 2,150 4,734 113 3 Texas 1 2/5/2014 14,191 14,152 — — — — 39 — — 1,767 12,368 38 18 Virginia 17 1/7/2014 200,588 200,525 — — — — 63 — — 53,878 142,840 2,973 897 2014 Totals 52 $ 563,670 $ 477,183 $ 3,438 $ 38,347 $ — $ 129 $ 5,762 $ 38,811 1,228,390 $ 139,174 $ 410,432 $ 7,554 $ 6,510 (1) This column represents costs paid at closing. The amounts shown exclude other acquisition costs paid before or after the closing date. (2) This represents the acquisition of SmartStop Self Storage, Inc. (“SmartStop”). See below for more detailed information about this acquisition. (3) The Company determined the consideration paid for this store was below its market value, and recognized a $1,100 gain, representing the difference between the fair value of the store and the consideration paid. (4) This represents the acquisition of a joint venture partners’ interest in Extra Space of Sacramento One LLC (“Sacramento One”), an existing joint venture, for $1,700 in cash. The result of the acquisition is that the Company owns 100% of Sacramento One, which owned one store located in California. Prior to the acquisition date, the Company accounted for its interest in Sacramento One as an equity-method investment, and the Company also held mortgage notes receivable from Sacramento One totalling $11,009, including related interest. The total acquisition date fair value of the Company’s previous equity interest was approximately $365 and is included in consideration transfered. The Company recognized a non-cash gain of $1,629 as a result of remeasuring the fair value of its equity interest held prior to the acquisition. The store is consolidated subsequent to the acquisition as the Company owns 100% of the store. (5) Included in net liabilities/(assets) assumed is a $5,400 liability related to an earnout provision. (6) This represents the acquisition of a non-operating property that the Company plans to convert to a self-storage store. (7) Included in closing costs is approximately $3,271 of defeasance costs. (8) The Company previously held no equity interest in two of the three properties acquired. The Company acquired its joint venture partner’s 60% interest in an existing joint venture which held one property in California, resulting in full ownership by the Company. Prior to the acquisition date, the Company accounted for its 40% interest in this joint venture as an equity method investment. The total acquisition date fair value of the previous equity interest was approximately $3,567 and is included as consideration transferred. The Company recognized a non-cash gain of $3,438 as a result of remeasuring its prior equity interest in this joint venture held before the acquisition. The three properties were acquired in exchange for approximately $2,726 of cash and 226,285 Series C Units valued at $10,451. (9) This property was owned by Spencer F. Kirk, the Company’s Chief Executive Officer, and Kenneth M. Woolley, the Company’s Executive Chairman. The Company acquired the building on March 4, 2014. In a separate transaction on March 5, 2014, the Company acquired the land for $2,150 from a third party unrelated to the Company’s executives and terminated the existing ground lease. |
Reconciles Purchase Price to Cash Paid | The following table reconciles the purchase price to cash paid by the Company and total consideration transferred to acquire SmartStop: Total purchase price $ 1,391,272 Less: amount paid for Excluded Assets by Strategic 1031 (90,360 ) Total purchase price attributable to the Company $ 1,300,912 Total cash paid by the Company $ 1,272,256 Fair value of OP Units issued to certain SmartStop unit holders 28,656 1,300,912 Less: Cash paid for transaction costs 8,053 Less: Cash paid for defeasance and prepayment fees 38,360 Less: Severance and share-based compensation to SmartStop employees 7,665 Total consideration transferred $ 1,246,834 |
Allocation of Consideration Transferred for SmartStop | The Company’s allocation of consideration transferred for SmartStop is as follows: Land $ 179,700 Buildings 978,368 Intangibles 18,830 Investments in unconsolidated real estate ventures 60,981 Other assets 34,500 Total assets acquired 1,272,379 Accounts payable and accrued liabilities assumed 17,064 Other liabilities assumed 8,481 Total net assets acquired $ 1,246,834 |
Pro Forma Financial Information | The following pro forma financial information is based on the combined historical financial statements of the Company and 137 of the stores acquired, and presents the Company’s results as if the acquisitions had occurred as of January 1, 2014 (unaudited): For the Year Ended 2015 2014 Pro Forma Pro Forma Total revenues $ 860,550 $ 746,601 Net income attributable to common stockholders $ 253,476 $ 163,898 |
Summary of Revenues and Earnings Related to Acquisition since the Acquisition Date | The following table summarizes the revenues and earnings related to the 171 stores acquired during 2015 since their acquisition dates, which are included in the Company’s consolidated income statement for the year ended December 31, 2015: For the Total revenues $ 46,490 Net income attributable to common stockholders $ 8,393 |
Investments in Unconsolidated36
Investments in Unconsolidated Real Estate Ventures (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Schedule of Investments in Unconsolidated Real Estate Ventures | Investments in unconsolidated real estate ventures consist of the following: Equity Ownership % Excess Profit Participation % Investment Balance at December 31, 2015 2014 VRS Self Storage LLC (“VRS”) 45% 54% $ 39,091 $ 40,363 Storage Portfolio I LLC (“SP I”) 25% 25-40% 11,813 12,042 PRISA Self Storage LLC (“PRISA”) 2% 17% 10,309 10,520 PRISA II Self Storage LLC (“PRISA II”) 2% 17% 8,323 9,008 Extra Space West Two LLC (“ESW II”) 5% 40% 4,122 4,197 WCOT Self Storage LLC (“WCOT”) 5% 20% 3,783 3,972 Clarendon Storage Associates Limited Partnership (“Clarendon”) 50% 50% 3,131 3,148 Extra Space of Santa Monica LLC (“ESSM”) 48% 48% 1,200 1,153 Extra Space West One LLC (“ESW”) 5% 40% (405 ) (95 ) Extra Space Northern Properties Six LLC (“ESNPS”) 10% 35% (470 ) (87 ) Other minority owned properties 18-50% 19-50% 6,148 1,490 87,045 85,711 Investments in Strategic Storage Growth Trust 15,962 — Total $ 103,007 $ 85,711 |
Schedule of Equity in Earnings of Unconsolidated Real Estate Ventures | Equity in earnings of unconsolidated real estate ventures consists of the following: For the Year Ended December 31, 2015 2014 2013 Equity in earnings of VRS $ 4,041 $ 3,510 $ 3,464 Equity in earnings of SP I 1,951 1,541 1,243 Equity in earnings of PRISA 1,013 929 890 Equity in earnings of PRISA II 793 764 703 Equity in earnings of ESW II 145 102 50 Equity in earnings of WCOT 569 498 448 Equity in earnings of Clarendon 581 551 516 Equity in earnings of ESSM 493 424 369 Equity in earnings of ESW 1,875 1,571 1,406 Equity in earnings of ESNPS 633 513 461 Equity in earnings of HSRE — — 1,428 Equity in earnings of other minority owned properties 257 138 675 $ 12,351 $ 10,541 $ 11,653 |
Summary of Unaudited Information Related to Real Estate Ventures' Debt | Information (unaudited) related to the real estate ventures’ debt at December 31, 2015, is presented below: Loan Amount Current Debt Maturity VRS—Swapped to fixed $ 52,100 3.19 % June 2020 SP I—Fixed 88,975 4.66 % April 2018 PRISA — — Unleveraged PRISA II — — Unleveraged ESW II—Swapped to fixed 18,505 3.57 % February 2019 WCOT—Swapped to fixed 87,500 3.34 % August 2019 Clarendon—Swapped to fixed 7,746 5.93 % September 2018 ESSM—Variable 13,629 4.88 % May 2021 ESW—Variable 17,150 1.67 % August 2020 ESNPS—Variable 34,500 2.44 % July 2025 Other minority owned properties 20,614 Various Various |
Condensed Financial Information of Unconsolidated Real Estate Ventures | Combined, condensed unaudited financial information of VRS, SP I, PRISA, PRISA II, ESW II, WCOT, ESW and ESNPS as of December 31, 2015 and 2014, and for the years ended December 31, 2015, 2014 and 2013, follows: December 31, 2015 2014 Balance Sheets: Assets: Net real estate assets $ 1,389,974 $ 1,442,755 Other 33,703 34,636 $ 1,423,677 $ 1,477,391 Liabilities and members’ equity: Notes payable $ 299,730 $ 301,267 Other liabilities 25,715 23,490 Members’ equity 1,098,232 1,152,634 $ 1,423,677 $ 1,477,391 For the Year Ended December 31, 2015 2014 2013 Statements of Income: Rents and other income $ 286,857 $ 273,231 $ 260,487 Expenses (155,851 ) (153,973 ) (149,595 ) Gain on sale of real estate 60,495 — — Net income $ 191,501 $ 119,258 $ 110,892 |
Other Assets (Tables)
Other Assets (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Schedule of Other Assets | The components of other assets are summarized as follows: December 31, 2015 December 31, 2014 Equipment and fixtures $ 30,547 $ 24,913 Less: accumulated depreciation (19,609 ) (15,183 ) Other intangible assets 2,172 7,130 Deferred financing costs, net-lines of Credit 1,735 1,363 Prepaid expenses and deposits 11,463 8,891 Receivables, net 46,774 31,946 Notes receivable from Strategic 1031 84,331 — Other notes receivable 4,350 9,661 Investments in Trusts 3,590 3,590 Fair value of interest rate swaps 4,996 3,583 $ 170,349 $ 75,894 |
Notes Payable (Tables)
Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Debt Disclosure [Abstract] | |
Schedule of Components of Notes Payable | The components of notes payable are summarized as follows: December 31, 2015 December 31, 2014 Fixed Rate Mortgage loans with banks (including loans subject to interest rate swaps) bearing interest at fixed rates between 2.8% and 6.7%. The loans are collateralized by mortgages on real estate assets and the assignment of rents. Principal and interest payments are made monthly with all outstanding principal and interest due between March 2016 and February 2023. $ 1,613,490 $ 1,164,303 Unsecured loan with bank (loan subject to an interest rate swap) bearing interest at a fixed rate of 3.1%. Principal and interest payments are made monthly with outstanding principal and interest due March 2020. 73,825 — Variable Rate Mortgage loans with banks bearing floating interest rates based on 1 month LIBOR. Interest rates based on LIBOR are between LIBOR plus 1.6% (2.0% at December 31, 2015 and 1.8% at December 31, 2014) and LIBOR plus 2.0% (2.4% at December 31, 2015 and 2.2% at December 31, 2014). The loans are collateralized by mortgages on real estate assets and the assignment of rents. Principal and interest payments are made monthly with all outstanding principal and interest due between July 2016 and March 2021. 1,094,985 707,764 Total 2,782,300 1,872,067 Plus: Premium on notes payable 872 3,281 Less: unamortized debt issuance costs (24,605 ) (16,367 ) Total $ 2,758,567 $ 1,858,981 |
Schedule of Maturities of Notes Payable | The following table summarizes the scheduled maturities of notes payable at December 31, 2015: 2016 $ 167,477 2017 418,179 2018 416,512 2019 438,244 2020 872,441 Thereafter 469,447 $ 2,782,300 |
Derivatives (Tables)
Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule Summarizing Terms of Entity's Derivative Financial Instruments | The following table summarizes the terms of the Company’s 29 derivative financial instruments, which have a total combined notional amount of $1,743,790 as of December 31, 2015: Hedge Product Range of Notional Strike Effective Dates Maturity Dates Swap Agreements $5,058 – $126,000 0.8% – 3.9% 10/3/2011 – 11/1/2015 9/20/2018 – 2/1/2023 |
Schedule of Balance Sheet Classification and Fair Value of Entity's Derivative Financial Instruments | The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the consolidated balance sheets: Asset (Liability) Derivatives December 31, 2015 December 31, 2014 Derivatives designated as hedging instruments: Fair Value Other assets $ 4,996 $ 3,583 Other liabilities $ (6,991 ) $ (3,533 ) |
Interest Payments Recognized as an Increase or Decrease in Interest Expense | The tables below present the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the periods presented. No tax effect has been presented as the derivative instruments are held by the Company: Type Classification of Income (Expense) For the Year Ended December 31, 2015 2014 2013 Swap Agreements Interest expense $ (12,487 ) $ (8,780 ) $ (8,917 ) |
Schedule of Information Relating to Gain (Loss) Recognized on Swap Agreements | Gain (loss) recognized in OCI Location of amounts Gain (loss) reclassifed from OCI Type 2015 2014 2015 2014 Swap Agreements $ (17,669 ) $ (18,557 ) Interest expense $ (12,487 ) $ (8,780 ) |
Notes Payable to Trusts (Tables
Notes Payable to Trusts (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Equity [Abstract] | |
Schedule of Liabilities and Maximum Exposure to Loss Related to Trusts | Following is a tabular comparison of the liabilities the Company has recorded as a result of its involvements with the Trusts to the maximum exposure to loss the Company is subject to related to the Trusts as of December 31, 2015: Notes payable Investment Maximum to Trusts Balance exposure to loss Difference Trust $ 36,083 $ 1,083 $ 35,000 $ — Trust II 42,269 1,269 41,000 — Trust III 41,238 1,238 40,000 — 119,590 3,590 116,000 Unamortized debt issuance costs (2,399 ) $ 117,191 $ 3,590 $ 116,000 $ — |
Exchangeable Senior Notes (Tabl
Exchangeable Senior Notes (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Text Block [Abstract] | |
Schedule of Information about Carrying Amount of Equity Component, Principal Amount of Liability Component, Unamortized Discount and Net Carrying Amount for Notes | Information about the carrying amount of the equity component, the principal amount of the liability component, its unamortized discount and its net carrying amount were as follows for the periods indicated: December 31, 2015 December 31, 2014 Carrying amount of equity component—2013 Notes $ — $ 14,496 Carrying amount of equity component—2015 Notes 22,597 — Carrying amount of equity components $ 22,597 $ 14,496 Principal amount of liability component 2013 Notes $ 85,364 $ 250,000 Principal amount of liability component 2015 Notes 575,000 — Unamortized discount—equity component—2013 Notes (2,605 ) (10,448 ) Unamortized discount—equity component—2015 Notes (21,565 ) — Unamortized cash discount—2013 Notes (633 ) (2,606 ) Unamortized debt issuance costs (11,698 ) (1,222 ) Net carrying amount of liability components $ 623,863 $ 235,724 |
Summary of Amount of Interest Cost Recognized Relating to Contractual Interest Rate and Amortization of Discount on Liability Component of Notes | The amount of interest cost recognized relating to the contractual interest rate and the amortization of the discount on the liability component for the 2013 and 2015 senior notes was as follows for the periods indicated: For the Year Ended December 31, 2015 2014 2013 Contractual interest $ 9,939 $ 5,936 $ 3,134 Amortization of discount 3,310 2,683 1,404 Total interest expense recognized $ 13,249 $ 8,619 $ 4,538 |
Summary of Repurchase of Debt | Information about the repurchase is as follows: September 15, 2015 Principal amount repurchased $ 164,636 Amount allocated to: Extinguishment of liability component $ 157,100 Reacquisition of equity component 70,112 Total cash paid for repurchase $ 227,212 Exchangeable senior notes repurchased $ 164,636 Extinguishment of liability component (157,100 ) Discount on exchangeable senior notes (6,931 ) Related debt issuance costs (605 ) Gain/(Loss) on repurchase $ — |
Lines of Credit (Tables)
Lines of Credit (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Text Block [Abstract] | |
Summarized Information of Lines of Credit | All of the Company’s lines of credit are guaranteed by the Company and secured by mortgages on certain real estate assets. The following table presents information on the Company’s lines of credit, the proceeds of which are used to repay debt and for general corporate purposes, for the periods indicated: As of December 31, 2015 Line of Credit Amount Capacity Interest Origination Maturity Basis Rate (1) Notes Credit Line 1 $ 36,000 $ 180,000 2.1% 6/4/2010 6/30/2018 LIBOR plus 1.7% (2) Credit Line 2 — 50,000 2.2% 11/16/2010 2/13/2017 LIBOR plus 1.8% (3) Credit Line 3 — 80,000 2.1% 4/29/2011 11/18/2016 LIBOR plus 1.7% (3) Credit Line 4 — 50,000 2.1% 9/29/2014 9/29/2017 LIBOR plus 1.7% (3) $ 36,000 $ 360,000 (1) 30-day USD LIBOR (2) One two-year extension available (3) Two one-year extensions available |
Other Liabilities (Tables)
Other Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Other Liabilities Disclosure [Abstract] | |
Summarized Statement of Other Liabilities | The components of other liabilities are summarized as follows: December 31, 2015 December 31, 2014 Deferred rental income $ 35,904 $ 28,485 Lease obligation liability — 713 Fair value of interest rate swaps 6,991 3,533 Income taxes payable 2,223 672 Deferred tax liability 10,728 5,367 Earnout provisions on acquisitions 5,510 8,033 Unpaid claims liability 11,313 1,832 Other miscellaneous liabilities 7,820 6,084 $ 80,489 $ 54,719 |
Schedule of Unpaid Claims Liability | The following table presents information on the portion of the Company’s unpaid claims liability that relates to tenant insurance for the periods indicated: For the Year Ended 2015 2014 2013 Tenant Reinsurance Claims: Unpaid claims liability at beginning of year $ 3,121 $ 2,112 $ 1,414 Claims and claim adjustment expense for claims incurred in the current year 6,421 5,126 3,817 Claims and claim adjustment expense for claims incurred in the prior years — (345 ) (116 ) Payments for current year claims (4,283 ) (2,954 ) (1,751 ) Payments for prior year claims (1,351 ) (818 ) (1,252 ) Unpaid claims liability at the end of the year $ 3,908 $ 3,121 $ 2,112 |
Related Party and Affiliated 44
Related Party and Affiliated Real Estate Joint Venture Transactions (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Related Party Transactions [Abstract] | |
Summarized Information of Management Fee Revenues for Related Party and Affiliated Joint Ventures | Management fee revenues for related party and affiliated real estate joint ventures and other income are summarized as follows: For the Year Ended December 31, Entity Type 2015 2014 2013 ESW Affiliated real estate joint ventures $ 515 $ 480 $ 450 ESW II Affiliated real estate joint ventures 452 410 382 ESNPS Affiliated real estate joint ventures 584 550 528 ESSM Affiliated real estate joint ventures 152 132 117 HSRE Affiliated real estate joint ventures — 1,201 1,146 PRISA Affiliated real estate joint ventures 5,809 5,466 5,215 PRISA II Affiliated real estate joint ventures 4,703 4,635 4,397 VRS Affiliated real estate joint ventures 1,398 1,326 1,286 WCOT Affiliated real estate joint ventures 1,799 1,680 1,601 SP I Affiliated real estate joint ventures 2,075 1,999 1,953 Other Franchisees, third parties and other 16,674 10,336 9,539 $ 34,161 $ 28,215 $ 26,614 Receivables from related parties and affiliated real estate joint ventures balances are summarized as follows: |
Summarized Information of Receivables from Related Party and Affiliated Joint Ventures | Receivables from related parties and affiliated real estate joint ventures balances are summarized as follows: December 31, December 31, Mortgage notes receivable $ — $ 10,590 Other receivables from stores 2,205 1,188 $ 2,205 $ 11,778 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Stock Option Activity | A summary of stock option activity is as follows: Options Number of Weighted Weighted Aggregate Outstanding at December 31, 2012 1,097,092 $ 13.89 Granted 49,075 38.40 Exercised (391,543 ) 14.81 Forfeited — — Outstanding at December 31, 2013 754,624 $ 15.01 Granted 31,000 47.50 Exercised (211,747 ) 14.85 Forfeited (5,150 ) 28.28 Outstanding at December 31, 2014 568,727 $ 16.62 Granted 89,575 69.93 Exercised (79,974 ) 18.79 Forfeited (5,699 ) 39.83 Outstanding at December 31, 2015 572,629 $ 24.42 4.87 $ 36,525 Vested and Expected to Vest 562,672 $ 23.70 4.79 $ 36,297 Ending Exercisable 429,348 $ 13.16 3.63 $ 32,222 |
Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Granted Stock Options | The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions: For the Year Ended 2015 2014 2013 Expected volatility 38 % 40 % 42 % Dividend yield 4 % 4 % 4 % Risk-free interest rate 1.5 % 1.5 % 0.9 % Average expected term (years) 5 5 5 |
Schedule of Stock Options Outstanding and Exercisable | A summary of stock options outstanding and exercisable as of December 31, 2015, is as follows: Options Outstanding Options Exercisable Exercise Price Shares Weighted Average Weighted Average Shares Weighted Average $6.22 167,000 3.13 $ 6.22 167,000 $ 6.22 $11.59—$15.07 182,410 3.14 13.28 182,410 13.28 $15.30—$47.50 133,644 6.37 31.87 79,938 27.38 $65.36—$65.45 39,575 9.14 65.40 — — $73.52 50,000 9.58 73.52 — — $6.22—$73.52 572,629 4.87 $ 24.42 429,348 $ 13.16 |
Summary of Company's Employee and Director Share Grant Activity | A summary of the Company’s employee and director share grant activity is as follows: Restricted Stock Grants Shares Weighted-Average Unreleased at December 31, 2012 540,272 $ 17.93 Granted 137,602 39.51 Released (259,191 ) 15.11 Cancelled (23,323 ) 23.62 Unreleased at December 31, 2013 395,360 $ 26.96 Granted 117,370 49.25 Released (197,386 ) 23.07 Cancelled (23,595 ) 37.19 Unreleased at December 31, 2014 291,749 $ 37.73 Granted 174,558 69.18 Released (129,808 ) 34.86 Cancelled (18,090 ) 44.54 Unreleased at December 31, 2015 318,409 $ 55.75 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |
Summarized Statement of Components of Income Tax Provision | The income tax provision for the years ended December 31, 2015, 2014 and 2013, is comprised of the following components: For the Year Ended December 31, 2015 Federal State Total Current expense $ 3,736 $ 1,640 $ 5,376 Tax credits/True-up 274 — 274 Change in deferred benefit 7,016 (1,518 ) 5,498 Total tax expense $ 11,026 $ 122 $ 11,148 For the Year Ended December 31, 2014 Federal State Total Current expense $ 6,020 $ 1,374 $ 7,394 Tax credits/True-up (2,176 ) — (2,176 ) Change in deferred benefit 803 1,549 2,352 Total tax expense $ 4,647 $ 2,923 $ 7,570 For the Year Ended December 31, 2013 Federal State Total Current expense $ 9,572 $ 615 $ 10,187 Tax credits/True-up (4,556 ) — (4,556 ) Change in deferred benefit 4,353 — 4,353 Total tax expense $ 9,369 $ 615 $ 9,984 |
Schedule of Reconciliation of Statutory Income Tax Provisions to the Effective Income Tax Provisions | A reconciliation of the statutory income tax provisions to the effective income tax provisions for the periods indicated is as follows: For the Year Ended December 31, 2015 2014 Expected tax at statutory rate $ 77,151 35.0 % $ 71,215 35.0 % Non-taxable REIT income (67,084 ) (30.4 %) (64,402 ) (31.7 %) State and local tax expense—net of federal benefit 1,249 0.6 % 1,109 0.6 % Change in valuation allowance (624 ) (0.3 %) 1,663 0.8 % Tax Credits/True-up (WOTC & Solar) 274 0.1 % (2,176 ) (1.1 %) Miscellaneous 182 0.1 % 161 0.1 % Total provision $ 11,148 5.1 % $ 7,570 3.7 % |
Schedule of Major Sources of Temporary Differences Stated at their Deferred Tax Effects | The major sources of temporary differences stated at their deferred tax effects are as follows: December 31, December 31, Deferred Tax Liabilities: Fixed Assets $ (17,360 ) $ (16,586 ) Other (221 ) (269 ) State Deferred Taxes (1,523 ) (1,576 ) Total Deferred Tax Liabilities (19,104 ) (18,431 ) Deferred Tax Assets: Capitive Insurance Subsidiary 429 447 Accrued liabilities 2,633 1,232 Stock compensation 1,346 1,176 Solar Credit 2,167 9,342 Other 309 840 SmartStop TRS 1,085 — State Deferred Taxes 6,016 6,260 Total Deferred Tax Assets 13,985 19,297 Valuation Allowance (5,609 ) (6,233 ) Net deferred income tax liabilities $ (10,728 ) $ (5,367 ) |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Segment Reporting [Abstract] | |
Schedule of Financial Information of Business Segments | Financial information for the Company’s business segments is set forth below: December 31, December 31, Balance Sheet Investment in unconsolidated real estate ventures Rental operations $ 103,007 $ 85,711 Total assets Rental operations $ 5,674,030 $ 4,089,553 Tenant reinsurance 37,696 39,383 Property management, acquisition and development 359,681 253,051 $ 6,071,407 $ 4,381,987 For the Year Ended December 31, 2015 2014 2013 Statement of Operations Total revenues Rental operations $ 676,138 $ 559,868 $ 446,682 Tenant reinsurance 71,971 59,072 47,317 Property management, acquisition and development 34,161 28,215 26,614 782,270 647,155 520,613 Operating expenses, including depreciation and amortization Rental operations 328,380 279,497 229,229 Tenant reinsurance 13,033 10,427 9,022 Property management, acquisition and development 146,201 78,763 68,879 487,614 368,687 307,130 Income (loss) from operations Rental operations 347,758 280,371 217,453 Tenant reinsurance 58,938 48,645 38,295 Property management, acquisition and development (112,040 ) (50,548 ) (42,265 ) 294,656 278,468 213,483 Gain (loss) on real estate transactions and earnout from prior acquisitions Property management, acquisition and development 1,501 (10,285 ) 960 Property casualty loss, net Rental operations — (1,724 ) — Loss on extinguishment of debt related to portfolio acquisition Property management, acquisition and development — — (9,153 ) Interest expense Rental operations (93,711 ) (80,160 ) (69,702 ) Property management, acquisition and development (1,971 ) (1,170 ) (1,928 ) (95,682 ) (81,330 ) (71,630 ) Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes Property management, acquisition and development (3,310 ) (2,683 ) (1,404 ) Interest income Tenant reinsurance 15 17 17 Property management, acquisition and development 3,446 1,590 732 3,461 1,607 749 Interest income on note receivable from Preferred Operating Partnership unit holder Property management, acquisition and development 4,850 4,850 4,850 Equity in earnings of unconsolidated real estate ventures Rental operations 12,351 10,541 11,653 Equity in earnings of unconsolidated real estate ventures—gain on sale of real estate assets and purchase of partners’ interests Rental operations 2,857 4,022 46,032 Income tax (expense) benefit Rental operations (1,729 ) (1,157 ) (149 ) Tenant reinsurance (9,780 ) (8,662 ) (13,409 ) Property management, acquisition and development 361 2,249 3,574 (11,148 ) (7,570 ) (9,984 ) Net income (loss) Rental operations 267,526 213,617 205,287 Tenant reinsurance 49,173 40,000 24,903 Property management, acquisition and development (107,163 ) (57,721 ) (44,634 ) $ 209,536 $ 195,896 $ 185,556 Depreciation and amortization expense Rental operations $ 124,415 $ 107,081 $ 89,217 Property management, acquisition and development 9,042 7,995 6,015 $ 133,457 $ 115,076 $ 95,232 Statement of Cash Flows Acquisition of real estate assets Property management, acquisition and development $ (1,550,750 ) $ (503,538 ) $ (349,959 ) Development and redevelopment of real estate assets Property management, acquisition and development $ (26,931 ) $ (23,528 ) $ (6,466 ) |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Rental Payments Under Non-Cancelable Operating Lease | At December 31, 2015, future minimum rental payments under these non-cancelable Less than 1 year $ 5,655 Year 2 4,326 Year 3 3,479 Year 4 2,861 Year 5 2,808 Thereafter 60,797 $ 79,926 |
Supplementary Quarterly Finan49
Supplementary Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2015 | |
Quarterly Financial Information Disclosure [Abstract] | |
Schedule of Supplementary Quarterly Financial Data | SUPPLEMENTARY QUARTERLY FINANCIAL DATA (UNAUDITED) For the Three Months Ended March 31, June 30, September 30, December 31, Revenues $ 173,154 $ 185,860 $ 197,497 $ 225,759 Cost of operations 97,718 104,253 100,193 185,450 Revenues less cost of operations $ 75,436 $ 81,607 $ 97,304 $ 40,309 Net income $ 58,636 $ 60,956 $ 78,200 $ 11,744 Net income attributable to common stockholders $ 53,742 $ 55,339 $ 71,718 $ 8,675 Earnings per common share—basic $ 0.46 $ 0.47 $ 0.58 $ 0.07 Earnings per common share—diluted $ 0.46 $ 0.47 $ 0.58 $ 0.07 For the Three Months Ended March 31, June 30, September 30, December 31, Revenues $ 152,587 $ 160,724 $ 169,067 $ 164,777 Cost of operations 92,189 90,063 91,574 94,861 Revenues less cost of operations $ 60,398 $ 70,661 $ 77,493 $ 69,916 Net income $ 41,209 $ 46,008 $ 59,193 $ 49,486 Net income attributable to common stockholders $ 37,340 $ 41,665 $ 54,228 $ 45,122 Earnings per common share—basic $ 0.32 $ 0.36 $ 0.47 $ 0.39 Earnings per common share—diluted $ 0.32 $ 0.36 $ 0.47 $ 0.39 |
Description of Business - Addit
Description of Business - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2015StoreSegments | |
Organization Consolidation And Presentation Of Financial Statements [Line Items] | |
Number of operating storage facilities in which the entity has equity interests (in stores) | 999 |
Number of stores owned by franchisees and third parties | 348 |
Number of operating stores owned and/or managed | 1,347 |
Number of states in which operating storage facilities are located | 36 |
Number of reportable segments | Segments | 3 |
Rental Revenue [Member] | Customer Concentration Risk [Member] | |
Organization Consolidation And Presentation Of Financial Statements [Line Items] | |
Maximum percentage of rental income accounted for by any single tenant | 5.00% |
Summary of Significant Accoun51
Summary of Significant Accounting Policies - Additional Information (Detail) | 12 Months Ended | ||||
Dec. 31, 2015USD ($)StoreItemEntity$ / sharesshares | Dec. 31, 2014USD ($)shares | Dec. 31, 2013USD ($)shares | Sep. 30, 2015USD ($) | Jun. 21, 2013USD ($) | |
Schedule of Significant Accounting Policies [Line Items] | |||||
Number of nonconsolidated VIEs to which Operating Partnership has notes payable (in number of entities) | Entity | 3 | ||||
Transfer of assets between level 1 and level 2 | $ 0 | ||||
Transfer of assets between level 2 and level 1 | 0 | ||||
Transfer of liabilities between level 1 and level 2 | 0 | ||||
Transfer of liabilities between level 2 and level 1 | $ 0 | ||||
Number of stores classified as held for sale | Store | 7 | ||||
Number of properties whereby leases cannot be classified as ground or building leases | Store | 3 | ||||
Number of properties whereby leases have been assumed at rates lower than the current market rates | Store | 6 | ||||
Number of components of economic risk | Item | 3 | ||||
Minimum amount of insurance coverage | $ 2,000 | ||||
Maximum amount of insurance coverage | 10,000 | ||||
Average amount of insurance coverage | 2,600 | ||||
Amounts recoverable under reinsurance arrangements | 0 | ||||
Advertising expense | $ 8,539,000 | $ 8,370,000 | $ 6,482,000 | ||
Minimum REIT taxable income that the company is required to distribute to its stockholders(as a percent) | 90.00% | ||||
Percentage of all distributions to stockholders which qualifies as a return of capital | 0.00% | ||||
Interest or penalties related to uncertain tax provisions | $ 0 | 0 | |||
Unrecognized tax benefits | $ 0 | $ 0 | |||
Average closing price of common stock | $ / shares | $ 88.21 | ||||
Anti-dilutive securities excluded from computation of earnings per common share | shares | 875,480 | 961,747 | 989,980 | ||
Other Assets [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Unamortized debt issuance costs | $ 20,120,000 | ||||
Operating Partnership [Member] | 2.375% Exchangeable Senior Notes due 2033 (the 2013 Notes) [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Principal amount of notes issued | $ 85,364,000 | $ 250,000,000 | |||
Interest rate | 2.375% | 2.375% | |||
Exchange price | $ / shares | $ 54.99 | ||||
Shares related to the Notes included in the computation for diluted earnings per share | shares | 513,040 | 130,833 | 0 | ||
Operating Partnership [Member] | Exchangeable Senior Notes 3.125% due 2035 (the 2015 Notes) [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Principal amount of notes issued | $ 575,000,000 | $ 575,000,000 | |||
Interest rate | 3.125% | 3.125% | |||
Exchange price | $ / shares | $ 95.40 | ||||
Shares related to the Notes included in the computation for diluted earnings per share | shares | 0 | 0 | 0 | ||
Series A Units [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Exchangeable preferred operating partnership units settled in cash, minimum | $ 115,000,000 | ||||
Series B Units [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Units outstanding | $ 41,902,000 | ||||
Anti-dilutive securities excluded from computation of earnings per common share | shares | 475,027 | ||||
Series C Units [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Units outstanding | $ 29,639,000 | ||||
Anti-dilutive securities excluded from computation of earnings per common share | shares | 336,006 | ||||
Series D Units [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Units outstanding | $ 13,710,000 | ||||
Anti-dilutive securities excluded from computation of earnings per common share | shares | 155,422 | ||||
Stock Options [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Anti-dilutive securities excluded from computation of earnings per common share | shares | 62,254 | 27,374 | 44,958 | ||
Buildings and Improvements [Member] | Minimum [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Estimated useful life | 5 years | ||||
Buildings and Improvements [Member] | Maximum [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Estimated useful life | 39 years | ||||
Equipment and Fixtures [Member] | Minimum [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Estimated useful life | 3 years | ||||
Equipment and Fixtures [Member] | Maximum [Member] | |||||
Schedule of Significant Accounting Policies [Line Items] | |||||
Estimated useful life | 5 years |
Summary of Significant Accoun52
Summary of Significant Accounting Policies - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - Recurring Basis [Member] $ in Thousands | Dec. 31, 2015USD ($) |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Other assets - Cash Flow Hedge Swap Agreements | $ 4,996 |
Other liabilities - Cash Flow Hedge Swap Agreements | (6,991) |
Significant Other Observable Inputs (Level 2) [Member] | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Other assets - Cash Flow Hedge Swap Agreements | 4,996 |
Other liabilities - Cash Flow Hedge Swap Agreements | $ (6,991) |
Summary of Significant Accoun53
Summary of Significant Accounting Policies - Schedule of Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Fair Value of Financial Instruments [Line Items] | ||
Notes receivable from Preferred Operating Partnership unit holders | $ 120,230 | $ 120,230 |
Fixed rate notes payable and notes payable to trusts | 2,758,567 | 1,858,981 |
Exchangeable senior notes | 623,863 | 235,724 |
Carrying Value [Member] | ||
Fair Value of Financial Instruments [Line Items] | ||
Notes receivable from Preferred Operating Partnership unit holders | 120,230 | 120,230 |
Fixed rate notes receivable | 84,331 | |
Fixed rate notes payable and notes payable to trusts | 1,806,904 | 1,283,893 |
Exchangeable senior notes | 660,364 | 250,000 |
Fair Value [Member] | ||
Fair Value of Financial Instruments [Line Items] | ||
Notes receivable from Preferred Operating Partnership unit holders | 128,216 | 126,380 |
Fixed rate notes receivable | 86,814 | |
Fixed rate notes payable and notes payable to trusts | 1,828,486 | 1,320,370 |
Exchangeable senior notes | $ 770,523 | $ 276,095 |
Summary of Significant Accoun54
Summary of Significant Accounting Policies - Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Number of Units | 2,928,493 | 2,210,840 | 486,528 |
Equivalent Shares (if converted) | 1,179,291 | 1,260,243 | 290,568 |
Series B Units [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Number of Units | 1,676,087 | 1,592,062 | 453,302 |
Equivalent Shares (if converted) | 579,640 | 764,385 | 257,266 |
Series C Units [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Number of Units | 704,016 | 605,256 | 33,226 |
Equivalent Shares (if converted) | 410,002 | 489,366 | 33,302 |
Series D Units [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Number of Units | 548,390 | 13,522 | |
Equivalent Shares (if converted) | 189,649 | 6,492 |
Summary of Significant Accoun55
Summary of Significant Accounting Policies - Schedule of Computation of Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Earnings Per Share [Abstract] | |||||||||||
Net income attributable to common stockholders | $ 8,675 | $ 71,718 | $ 55,339 | $ 53,742 | $ 45,122 | $ 54,228 | $ 41,665 | $ 37,340 | $ 189,474 | $ 178,355 | $ 172,076 |
Earnings and dividends allocated to participating securities | (601) | (490) | (567) | ||||||||
Earnings for basic computations | 188,873 | 177,865 | 171,509 | ||||||||
Earnings and dividends allocated to participating securities | 567 | ||||||||||
Income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units) and Operating Partnership | 14,790 | 13,575 | 7,255 | ||||||||
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units) | (5,088) | (5,586) | (5,750) | ||||||||
Net income for diluted computations | $ 198,575 | $ 185,854 | $ 173,581 | ||||||||
Weighted average common shares outstanding: | |||||||||||
Average number of common shares outstanding - basic | 119,816,743 | 115,713,807 | 111,349,361 | ||||||||
Series A Units | 875,480 | 961,747 | 989,980 | ||||||||
OP Units | 5,451,357 | 4,335,837 | |||||||||
Unvested restricted stock awards included for treasury stock method | 425,705 | ||||||||||
Shares related to exchangeable senior notes and dilutive stock options | 775,289 | 423,876 | 340,048 | ||||||||
Average number of common shares outstanding - diluted | 126,918,869 | 121,435,267 | 113,105,094 | ||||||||
Earnings per common share | |||||||||||
Basic | $ 0.07 | $ 0.58 | $ 0.47 | $ 0.46 | $ 0.39 | $ 0.47 | $ 0.36 | $ 0.32 | $ 1.58 | $ 1.54 | $ 1.54 |
Diluted | $ 0.07 | $ 0.58 | $ 0.47 | $ 0.46 | $ 0.39 | $ 0.47 | $ 0.36 | $ 0.32 | $ 1.56 | $ 1.53 | $ 1.53 |
Real Estate Assets - Schedule o
Real Estate Assets - Schedule of Components of Real Estate Assets (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Real Estate Properties [Line Items] | |||
Gross real estate assets | $ 6,392,487 | $ 4,722,162 | |
Less: accumulated depreciation and amortization | (728,087) | (604,336) | |
Net operating real estate assets | 5,664,400 | 4,117,826 | |
Real estate under development/redevelopment | 24,909 | 17,870 | |
Net real estate assets | 5,689,309 | 4,135,696 | $ 3,636,544 |
Real estate assets held for sale included in net real estate assets | 10,774 | ||
Land - Operating [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | 1,384,009 | 1,132,175 | |
Land - Development [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | 17,313 | 21,062 | |
Buildings and Improvements [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | 4,886,397 | 3,487,935 | |
Intangible Assets - Tenant Relationships [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | 95,891 | 72,293 | |
Intangible Lease Rights [Member] | |||
Real Estate Properties [Line Items] | |||
Gross real estate assets | $ 8,877 | $ 8,697 |
Real Estate Assets - Additional
Real Estate Assets - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2015USD ($)Store | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
Real Estate Properties [Line Items] | |||
Number of stores | Store | 6 | ||
Valuation loss | $ | $ 0 | ||
Amortization expense related to the tenant relationships and lease rights | $ | $ 11,695,000 | $ 12,996,000 | $ 12,065,000 |
Amortization period of intangible assets-tenant relationships | 18 months | ||
Indiana [Member] | |||
Real Estate Properties [Line Items] | |||
Number of stores | Store | 1 | ||
Minimum [Member] | |||
Real Estate Properties [Line Items] | |||
Remaining amortization period (in years) | 3 years | ||
Maximum [Member] | |||
Real Estate Properties [Line Items] | |||
Remaining amortization period (in years) | 46 years |
Property Acquisitions and Dis58
Property Acquisitions and Dispositions - Schedule of Operating Properties Acquired (Detail) $ in Thousands | Nov. 13, 2015shares | Jun. 18, 2015USD ($)Propertyshares | Apr. 15, 2015USD ($)Propertyshares | Dec. 31, 2015USD ($)Propertyshares | Dec. 31, 2014USD ($)Propertyshares | Dec. 31, 2013USD ($) |
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 171 | 52 | ||||
Total Consideration Paid | $ 1,663,318 | $ 563,670 | ||||
Cash Consideration Paid | 1,572,540 | 477,183 | ||||
Non-cash gain | 2,729 | 3,438 | ||||
Loan Assumed | 0 | 38,347 | $ 110,803 | |||
Note Issued to / from seller | 15,610 | 129 | ||||
Net Liabilities/ (Assets) Assumed | (68,969) | 5,762 | ||||
Value of OP units issued | $ 142,399 | $ 38,811 | $ 119,216 | |||
Number of OP Units Issued | shares | 2,043,613 | 1,228,390 | ||||
Previous equity interest | $ (1,264) | $ 129 | ||||
Acquisition Date Fair Value, Land | 248,370 | 139,174 | ||||
Acquisition Date Fair Value, Building | 1,335,829 | 410,432 | ||||
Acquisition Date Fair Value, Intangible | 23,780 | 7,554 | ||||
Closing costs- expensed | $ 55,344 | $ 6,510 | ||||
California 1 Property Acquired 3/30/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 12,699 | |||||
Cash Consideration Paid | 1,700 | |||||
Non-cash gain | 1,629 | |||||
Note Issued to / from seller | 11,009 | |||||
Net Liabilities/ (Assets) Assumed | (375) | |||||
Previous equity interest | (1,264) | |||||
Acquisition Date Fair Value, Land | 1,025 | |||||
Acquisition Date Fair Value, Building | 11,479 | |||||
Acquisition Date Fair Value, Intangible | $ 195 | |||||
New Jersey Virginia 5 Property Acquired 12/18/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 5 | |||||
Total Consideration Paid | $ 47,747 | |||||
Cash Consideration Paid | 42,167 | |||||
Net Liabilities/ (Assets) Assumed | 5,580 | |||||
Acquisition Date Fair Value, Land | 4,259 | |||||
Acquisition Date Fair Value, Building | 42,440 | |||||
Acquisition Date Fair Value, Intangible | 688 | |||||
Closing costs- expensed | $ 360 | |||||
North Carolina South Carolina Texas 7 Property Acquired 12/11/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 7 | |||||
Total Consideration Paid | $ 60,279 | |||||
Cash Consideration Paid | 60,086 | |||||
Net Liabilities/ (Assets) Assumed | 193 | |||||
Acquisition Date Fair Value, Land | 19,661 | |||||
Acquisition Date Fair Value, Building | 36,339 | |||||
Acquisition Date Fair Value, Intangible | 876 | |||||
Closing costs- expensed | $ 3,403 | |||||
California, 3 Properties Acquired 4/25/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 3 | |||||
Total Consideration Paid | $ 35,275 | |||||
Cash Consideration Paid | 2,726 | |||||
Non-cash gain | 3,438 | |||||
Loan Assumed | 19,111 | |||||
Net Liabilities/ (Assets) Assumed | (580) | |||||
Value of OP units issued | $ 10,451 | |||||
Number of OP Units Issued | shares | 226,285 | |||||
Previous equity interest | $ 129 | |||||
Acquisition Date Fair Value, Land | 6,853 | |||||
Acquisition Date Fair Value, Building | 27,666 | |||||
Acquisition Date Fair Value, Intangible | 579 | |||||
Closing costs- expensed | $ 177 | |||||
California, 1 Property Acquired 3/4/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 7,000 | |||||
Cash Consideration Paid | 6,974 | |||||
Net Liabilities/ (Assets) Assumed | 26 | |||||
Previous equity interest | 0 | |||||
Acquisition Date Fair Value, Land | 2,150 | |||||
Acquisition Date Fair Value, Building | 4,734 | |||||
Acquisition Date Fair Value, Intangible | 113 | |||||
Closing costs- expensed | $ 3 | |||||
California 1 Property Acquired 12/11/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 9,712 | |||||
Cash Consideration Paid | 9,716 | |||||
Net Liabilities/ (Assets) Assumed | (4) | |||||
Acquisition Date Fair Value, Land | 2,679 | |||||
Acquisition Date Fair Value, Building | 7,029 | |||||
Closing costs- expensed | $ 4 | |||||
North Carolina 1 Property Acquired 12/8/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 5,307 | |||||
Cash Consideration Paid | 5,333 | |||||
Net Liabilities/ (Assets) Assumed | (26) | |||||
Acquisition Date Fair Value, Land | 1,372 | |||||
Acquisition Date Fair Value, Building | 3,925 | |||||
Acquisition Date Fair Value, Intangible | 4 | |||||
Closing costs- expensed | $ 6 | |||||
Oregon 1 Property Acquired 11/24/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 10,011 | |||||
Cash Consideration Paid | 10,013 | |||||
Net Liabilities/ (Assets) Assumed | (2) | |||||
Acquisition Date Fair Value, Land | 732 | |||||
Acquisition Date Fair Value, Building | 9,157 | |||||
Acquisition Date Fair Value, Intangible | 103 | |||||
Closing costs- expensed | $ 19 | |||||
Florida 3 Property Acquired 11/19/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 3 | |||||
Total Consideration Paid | $ 20,017 | |||||
Cash Consideration Paid | 19,965 | |||||
Net Liabilities/ (Assets) Assumed | 52 | |||||
Acquisition Date Fair Value, Land | 2,012 | |||||
Acquisition Date Fair Value, Building | 17,662 | |||||
Acquisition Date Fair Value, Intangible | 329 | |||||
Closing costs- expensed | $ 14 | |||||
Texas 1 Property Acquired 11/16/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 14,397 | |||||
Cash Consideration Paid | 7,116 | |||||
Net Liabilities/ (Assets) Assumed | 60 | |||||
Value of OP units issued | $ 7,221 | |||||
Number of OP Units Issued | shares | 91,434 | 91,434 | ||||
Acquisition Date Fair Value, Land | $ 6,643 | |||||
Acquisition Date Fair Value, Building | 7,551 | |||||
Acquisition Date Fair Value, Intangible | 202 | |||||
Closing costs- expensed | $ 1 | |||||
Texas 1 Property Acquired 10/23/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 8,707 | |||||
Cash Consideration Paid | 8,685 | |||||
Net Liabilities/ (Assets) Assumed | 22 | |||||
Acquisition Date Fair Value, Land | 1,140 | |||||
Acquisition Date Fair Value, Building | 7,560 | |||||
Closing costs- expensed | $ 7 | |||||
New Jersey 1 Property Acquired 10/7/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 7,430 | |||||
Cash Consideration Paid | 7,394 | |||||
Net Liabilities/ (Assets) Assumed | 36 | |||||
Acquisition Date Fair Value, Land | 1,057 | |||||
Acquisition Date Fair Value, Building | 6,037 | |||||
Acquisition Date Fair Value, Intangible | 146 | |||||
Closing costs- expensed | $ 190 | |||||
Various 122 Property Acquired 10/1/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 122 | |||||
Total Consideration Paid | $ 1,230,976 | |||||
Cash Consideration Paid | 1,272,256 | |||||
Net Liabilities/ (Assets) Assumed | (69,936) | |||||
Value of OP units issued | $ 28,656 | |||||
Number of OP Units Issued | shares | 376,848 | |||||
Acquisition Date Fair Value, Land | $ 179,700 | |||||
Acquisition Date Fair Value, Building | 978,368 | |||||
Acquisition Date Fair Value, Intangible | 18,830 | |||||
Closing costs- expensed | $ 54,083 | |||||
Maryland 1 Property Acquired 9/10/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 6,165 | |||||
Cash Consideration Paid | 6,183 | |||||
Net Liabilities/ (Assets) Assumed | (18) | |||||
Acquisition Date Fair Value, Land | 794 | |||||
Acquisition Date Fair Value, Building | 5,178 | |||||
Acquisition Date Fair Value, Intangible | 119 | |||||
Closing costs- expensed | $ 74 | |||||
North Carolina 1 Property Acquired 6/19/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 6,987 | |||||
Cash Consideration Paid | 6,926 | |||||
Net Liabilities/ (Assets) Assumed | 61 | |||||
Acquisition Date Fair Value, Land | 1,408 | |||||
Acquisition Date Fair Value, Building | 5,461 | |||||
Acquisition Date Fair Value, Intangible | 107 | |||||
Closing costs- expensed | $ 11 | |||||
Florida 1 Property Acquired 6/18/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | 1 | ||||
Total Consideration Paid | $ 17,657 | |||||
Cash Consideration Paid | 12,677 | |||||
Net Liabilities/ (Assets) Assumed | 207 | |||||
Value of OP units issued | $ 4,773 | $ 4,773 | ||||
Number of OP Units Issued | shares | 71,054 | 71,054 | ||||
Acquisition Date Fair Value, Building | $ 17,220 | |||||
Acquisition Date Fair Value, Intangible | 327 | |||||
Closing costs- expensed | $ 110 | |||||
Florida 1 Property Acquired 6/17/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 6,076 | |||||
Cash Consideration Paid | 412 | |||||
Non-cash gain | 1,100 | |||||
Note Issued to / from seller | 4,601 | |||||
Net Liabilities/ (Assets) Assumed | (37) | |||||
Acquisition Date Fair Value, Land | 534 | |||||
Acquisition Date Fair Value, Building | 5,364 | |||||
Acquisition Date Fair Value, Intangible | 125 | |||||
Closing costs- expensed | $ 53 | |||||
Illinois 1 Property Acquired 6/8/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 10,046 | |||||
Cash Consideration Paid | 9,970 | |||||
Net Liabilities/ (Assets) Assumed | 76 | |||||
Acquisition Date Fair Value, Land | 964 | |||||
Acquisition Date Fair Value, Building | 9,085 | |||||
Closing costs- expensed | $ (3) | |||||
Massachusetts 1 Property Acquired 5/13/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 12,512 | |||||
Cash Consideration Paid | 12,515 | |||||
Net Liabilities/ (Assets) Assumed | (3) | |||||
Acquisition Date Fair Value, Land | 1,625 | |||||
Acquisition Date Fair Value, Building | 10,875 | |||||
Closing costs- expensed | $ 12 | |||||
Georgia 1 Property Acquired 5/7/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 6,498 | |||||
Cash Consideration Paid | 6,458 | |||||
Net Liabilities/ (Assets) Assumed | 40 | |||||
Acquisition Date Fair Value, Land | 2,087 | |||||
Acquisition Date Fair Value, Building | 4,295 | |||||
Acquisition Date Fair Value, Intangible | 114 | |||||
Closing costs- expensed | $ 2 | |||||
North Carolina 1 Property Acquired 5/5/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 11,007 | |||||
Cash Consideration Paid | 10,976 | |||||
Net Liabilities/ (Assets) Assumed | 31 | |||||
Acquisition Date Fair Value, Land | 4,050 | |||||
Acquisition Date Fair Value, Building | 6,867 | |||||
Acquisition Date Fair Value, Intangible | 77 | |||||
Closing costs- expensed | $ 13 | |||||
Georgia 1 Property Acquired 4/24/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 6,500 | |||||
Cash Consideration Paid | 6,451 | |||||
Net Liabilities/ (Assets) Assumed | 49 | |||||
Acquisition Date Fair Value, Land | 370 | |||||
Acquisition Date Fair Value, Building | 6,014 | |||||
Acquisition Date Fair Value, Intangible | 114 | |||||
Closing costs- expensed | $ 2 | |||||
Arizona Texas 22 Property Acquired 4/15/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 22 | 22 | ||||
Total Consideration Paid | $ 178,252 | |||||
Cash Consideration Paid | 75,681 | |||||
Net Liabilities/ (Assets) Assumed | 822 | |||||
Value of OP units issued | $ 101,749 | $ 101,749 | ||||
Number of OP Units Issued | shares | 1,504,277 | 1,504,277 | ||||
Acquisition Date Fair Value, Land | $ 24,087 | |||||
Acquisition Date Fair Value, Building | 151,465 | |||||
Acquisition Date Fair Value, Intangible | 2,121 | |||||
Closing costs- expensed | $ 579 | |||||
Texas 1 Property Acquired 4/14/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 8,650 | |||||
Cash Consideration Paid | 8,580 | |||||
Net Liabilities/ (Assets) Assumed | 70 | |||||
Acquisition Date Fair Value, Land | 619 | |||||
Acquisition Date Fair Value, Building | 7,861 | |||||
Acquisition Date Fair Value, Intangible | 160 | |||||
Closing costs- expensed | $ 10 | |||||
South Carolina 2 Property Acquired 3/30/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 2 | |||||
Total Consideration Paid | $ 13,165 | |||||
Cash Consideration Paid | 13,143 | |||||
Net Liabilities/ (Assets) Assumed | 22 | |||||
Acquisition Date Fair Value, Land | 1,763 | |||||
Acquisition Date Fair Value, Building | 11,229 | |||||
Acquisition Date Fair Value, Intangible | 144 | |||||
Closing costs- expensed | $ 29 | |||||
Virginia 1 Property Acquired 3/17/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 5,073 | |||||
Cash Consideration Paid | 5,065 | |||||
Net Liabilities/ (Assets) Assumed | 8 | |||||
Acquisition Date Fair Value, Land | 118 | |||||
Acquisition Date Fair Value, Building | 4,797 | |||||
Acquisition Date Fair Value, Intangible | 81 | |||||
Closing costs- expensed | $ 77 | |||||
Texas 1 Property Acquired 2/24/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 13,570 | |||||
Cash Consideration Paid | 13,519 | |||||
Net Liabilities/ (Assets) Assumed | 51 | |||||
Acquisition Date Fair Value, Land | 1,511 | |||||
Acquisition Date Fair Value, Building | 11,861 | |||||
Acquisition Date Fair Value, Intangible | 182 | |||||
Closing costs- expensed | $ 16 | |||||
Texas 3 Property Acquired 1/13/2015 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 3 | |||||
Total Consideration Paid | $ 41,904 | |||||
Cash Consideration Paid | 41,806 | |||||
Net Liabilities/ (Assets) Assumed | 98 | |||||
Acquisition Date Fair Value, Land | 12,080 | |||||
Acquisition Date Fair Value, Building | 29,489 | |||||
Acquisition Date Fair Value, Intangible | 300 | |||||
Closing costs- expensed | $ 35 | |||||
Florida 4 Property Acquired 12/23/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 4 | |||||
Total Consideration Paid | $ 32,954 | |||||
Cash Consideration Paid | 19,122 | |||||
Net Liabilities/ (Assets) Assumed | 122 | |||||
Value of OP units issued | $ 13,710 | |||||
Number of OP Units Issued | shares | 548,390 | |||||
Acquisition Date Fair Value, Land | $ 12,502 | |||||
Acquisition Date Fair Value, Building | 19,640 | |||||
Acquisition Date Fair Value, Intangible | 482 | |||||
Closing costs- expensed | $ 330 | |||||
New York 1 Property 12/11/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 20,115 | |||||
Cash Consideration Paid | 20,125 | |||||
Net Liabilities/ (Assets) Assumed | (10) | |||||
Acquisition Date Fair Value, Land | 12,085 | |||||
Acquisition Date Fair Value, Building | 7,665 | |||||
Closing costs- expensed | $ 365 | |||||
California 1 Property Acquired 12/9/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 9,298 | |||||
Cash Consideration Paid | 6,300 | |||||
Net Liabilities/ (Assets) Assumed | 15 | |||||
Value of OP units issued | $ 2,983 | |||||
Number of OP Units Issued | shares | 50,620 | |||||
Acquisition Date Fair Value, Land | $ 4,508 | |||||
Acquisition Date Fair Value, Building | 4,599 | |||||
Acquisition Date Fair Value, Intangible | 178 | |||||
Closing costs- expensed | $ 13 | |||||
Colorado 1 Property Acquired 10/24/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 6,253 | |||||
Cash Consideration Paid | 6,202 | |||||
Net Liabilities/ (Assets) Assumed | 51 | |||||
Acquisition Date Fair Value, Land | 2,077 | |||||
Acquisition Date Fair Value, Building | 4,087 | |||||
Acquisition Date Fair Value, Intangible | 82 | |||||
Closing costs- expensed | $ 7 | |||||
Georgia, 1 Property Acquired 10/22/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 11,030 | |||||
Cash Consideration Paid | 11,010 | |||||
Net Liabilities/ (Assets) Assumed | 20 | |||||
Acquisition Date Fair Value, Land | 588 | |||||
Acquisition Date Fair Value, Building | 10,295 | |||||
Acquisition Date Fair Value, Intangible | 121 | |||||
Closing costs- expensed | $ 26 | |||||
Florida, 1 Property Acquired 9/3/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 4,259 | |||||
Cash Consideration Paid | 4,225 | |||||
Net Liabilities/ (Assets) Assumed | 34 | |||||
Acquisition Date Fair Value, Land | 529 | |||||
Acquisition Date Fair Value, Building | 3,604 | |||||
Acquisition Date Fair Value, Intangible | 81 | |||||
Closing costs- expensed | $ 45 | |||||
Texas, 1 Property Acquired 8/8/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 11,246 | |||||
Cash Consideration Paid | 6,134 | |||||
Loan Assumed | 5,157 | |||||
Net Liabilities/ (Assets) Assumed | (45) | |||||
Acquisition Date Fair Value, Land | 1,047 | |||||
Acquisition Date Fair Value, Building | 9,969 | |||||
Acquisition Date Fair Value, Intangible | 181 | |||||
Closing costs- expensed | $ 49 | |||||
Georgia, 1 Property Acquired 8/6/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 11,337 | |||||
Cash Consideration Paid | 11,290 | |||||
Net Liabilities/ (Assets) Assumed | 47 | |||||
Acquisition Date Fair Value, Land | 1,132 | |||||
Acquisition Date Fair Value, Building | 10,080 | |||||
Acquisition Date Fair Value, Intangible | 111 | |||||
Closing costs- expensed | $ 14 | |||||
North Carolina, 1 Property Acquired 6/18/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 7,310 | |||||
Cash Consideration Paid | 7,307 | |||||
Net Liabilities/ (Assets) Assumed | 3 | |||||
Acquisition Date Fair Value, Land | 2,940 | |||||
Acquisition Date Fair Value, Building | 4,265 | |||||
Acquisition Date Fair Value, Intangible | 93 | |||||
Closing costs- expensed | $ 12 | |||||
California, 1 Property Acquired 5/28/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 17,614 | |||||
Cash Consideration Paid | 294 | |||||
Loan Assumed | 14,079 | |||||
Net Liabilities/ (Assets) Assumed | (92) | |||||
Value of OP units issued | $ 3,333 | |||||
Number of OP Units Issued | shares | 69,735 | |||||
Acquisition Date Fair Value, Land | $ 4,707 | |||||
Acquisition Date Fair Value, Building | 12,604 | |||||
Acquisition Date Fair Value, Intangible | 265 | |||||
Closing costs- expensed | $ 38 | |||||
Washington, 1 Property Acquired 4/30/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 4,388 | |||||
Cash Consideration Paid | 4,388 | |||||
Acquisition Date Fair Value, Land | 437 | |||||
Acquisition Date Fair Value, Building | 3,808 | |||||
Acquisition Date Fair Value, Intangible | 102 | |||||
Closing costs- expensed | $ 41 | |||||
Florida, 1 Property Acquired 4/15/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 10,186 | |||||
Cash Consideration Paid | 10,077 | |||||
Net Liabilities/ (Assets) Assumed | 109 | |||||
Acquisition Date Fair Value, Land | 1,640 | |||||
Acquisition Date Fair Value, Building | 8,358 | |||||
Acquisition Date Fair Value, Intangible | 149 | |||||
Closing costs- expensed | $ 39 | |||||
Georgia, 1 Property Acquired 4/3/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 23,649 | |||||
Cash Consideration Paid | 15,158 | |||||
Net Liabilities/ (Assets) Assumed | 157 | |||||
Value of OP units issued | $ 8,334 | |||||
Number of OP Units Issued | shares | 333,360 | |||||
Acquisition Date Fair Value, Land | $ 2,961 | |||||
Acquisition Date Fair Value, Building | 19,819 | |||||
Acquisition Date Fair Value, Intangible | 242 | |||||
Closing costs- expensed | $ 627 | |||||
Alabama, 1 Property Acquired 3/20/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 13,813 | |||||
Cash Consideration Paid | 13,752 | |||||
Net Liabilities/ (Assets) Assumed | 61 | |||||
Acquisition Date Fair Value, Land | 2,381 | |||||
Acquisition Date Fair Value, Building | 11,224 | |||||
Acquisition Date Fair Value, Intangible | 200 | |||||
Closing costs- expensed | $ 8 | |||||
Connecticut, 1 Property Acquired 3/17/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 15,138 | |||||
Cash Consideration Paid | 15,169 | |||||
Net Liabilities/ (Assets) Assumed | (31) | |||||
Acquisition Date Fair Value, Land | 1,072 | |||||
Acquisition Date Fair Value, Building | 14,028 | |||||
Closing costs- expensed | $ 38 | |||||
Texas, 1 Property Acquired 2/5/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 1 | |||||
Total Consideration Paid | $ 14,191 | |||||
Cash Consideration Paid | 14,152 | |||||
Net Liabilities/ (Assets) Assumed | 39 | |||||
Acquisition Date Fair Value, Land | 1,767 | |||||
Acquisition Date Fair Value, Building | 12,368 | |||||
Acquisition Date Fair Value, Intangible | 38 | |||||
Closing costs- expensed | $ 18 | |||||
Virginia, 17 Properties Acquired 1/7/2014 [Member] | ||||||
Property Acquisitions [Line Items] | ||||||
Number of Stores | Property | 17 | |||||
Total Consideration Paid | $ 200,588 | |||||
Cash Consideration Paid | 200,525 | |||||
Net Liabilities/ (Assets) Assumed | 63 | |||||
Acquisition Date Fair Value, Land | 53,878 | |||||
Acquisition Date Fair Value, Building | 142,840 | |||||
Acquisition Date Fair Value, Intangible | 2,973 | |||||
Closing costs- expensed | $ 897 |
Property Acquisitions and Dis59
Property Acquisitions and Dispositions - Schedule of Operating Properties Acquired (Parenthetical) (Detail) $ in Thousands | Mar. 05, 2014USD ($) | Dec. 31, 2015USD ($)Store | Dec. 31, 2014USD ($)Propertyshares | Nov. 30, 2013Store |
Property Acquisitions [Line Items] | ||||
Number of operating stores owned by consolidated joint venture | Store | 1 | |||
Previous equity interest, fair value | $ (1,264) | $ 129 | ||
Non-cash gain | 2,729 | 3,438 | ||
Cash Consideration Paid | 1,572,540 | 477,183 | ||
California 1 Property Acquired 3/30/2015 [Member] | ||||
Property Acquisitions [Line Items] | ||||
Cash portion of payment for acquisition | $ 1,700 | |||
Equity Ownership (as a percent) | 100.00% | |||
Number of operating stores owned by consolidated joint venture | Store | 1 | |||
Previous equity interest, fair value | $ 365 | |||
Previous equity interest, fair value | (1,264) | |||
Non-cash gain | 1,629 | |||
Company held mortgage notes receivable eliminated as a result of the acquisition | 11,009 | |||
Cash Consideration Paid | 1,700 | |||
New Jersey Virginia 5 Property Acquired 12/18/2014 [Member] | ||||
Property Acquisitions [Line Items] | ||||
Cash Consideration Paid | 42,167 | |||
Liability recorded related to an earnout provision | 5,400 | |||
North Carolina South Carolina Texas 7 Property Acquired 12/11/2014 [Member] | ||||
Property Acquisitions [Line Items] | ||||
Cash Consideration Paid | 60,086 | |||
Amount of defeasance costs | $ 3,271 | |||
California, 3 Properties Acquired 4/25/2014 [Member] | ||||
Property Acquisitions [Line Items] | ||||
Number of properties in which interests were acquired | Property | 2 | |||
Additional interest acquired in the venture | 60.00% | |||
Equity ownership prior to the acquisition | 40.00% | |||
Previous equity interest, fair value | $ 129 | |||
Non-cash gain | 3,438 | |||
Cash Consideration Paid | 2,726 | |||
California, 1 Property Acquired 3/4/2014 [Member] | ||||
Property Acquisitions [Line Items] | ||||
Previous equity interest, fair value | 0 | |||
Cash Consideration Paid | $ 6,974 | |||
Amount paid for land portion of property acquired | $ 2,150 | |||
Extra Space of Sacramento One LLC [Member] | ||||
Property Acquisitions [Line Items] | ||||
Gain on bargain purchase of acquisition | $ 1,100 | |||
Series C Units [Member] | ||||
Property Acquisitions [Line Items] | ||||
Preferred OP units issued as part of the acquisition (in shares) | shares | 226,285 | |||
Preferred units issued as part of acquisition | $ 10,451 |
Property Acquisitions and Dis60
Property Acquisitions and Dispositions - Additional Information (Detail) | Oct. 01, 2015USD ($)StoreLand_Parcel$ / shares | Dec. 11, 2013USD ($) | Dec. 06, 2013USD ($) | May. 16, 2013USD ($) | Mar. 31, 2015USD ($) | Jun. 30, 2013USD ($)Store | Dec. 31, 2015USD ($)Store | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Dec. 31, 2012Store | Dec. 31, 2011USD ($) |
Property Acquisitions [Line Items] | |||||||||||
Gain (loss) on sale of property | $ 60,495,000 | $ 960,000 | |||||||||
Number of operating stores acquired | Store | 171 | ||||||||||
Number of acquired operating stores included in pro forma financial information out of total stores acquired | Store | 136 | ||||||||||
Number of stores excluded from pro forma financial information | Store | 34 | ||||||||||
Amount due to sellers resulting from higher rental income of properties | $ 5,510,000 | $ 8,033,000 | |||||||||
Strategic 1031 LLC [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Notes receivable | 84,331,000 | ||||||||||
Strategic 1031 LLC [Member] | Real Estate Loan [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Notes receivable | $ 84,331,000 | $ 84,331,000 | |||||||||
Notes receivable, Interest rate | 7.00% | ||||||||||
Notes receivable, due date | Sep. 30, 2016 | ||||||||||
SmartStop Self Storage, Inc (SmartStop) [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Purchase price per share | $ / shares | $ 13.75 | ||||||||||
Total purchase price | $ 1,391,272,000 | ||||||||||
Number of operating stores acquired | Store | 122 | ||||||||||
Expense related to defeasance costs and prepayment penalties | 38,360,000 | ||||||||||
Professional fees/closing costs | 8,053,000 | ||||||||||
Severance-related costs | 6,338,000 | ||||||||||
Other payroll-related costs | 1,327,000 | ||||||||||
Total expense paid | 54,078,000 | ||||||||||
Other acquisition related costs | 9,043,000 | ||||||||||
Total expense not paid | $ 63,121,000 | ||||||||||
California [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Number of parcel of land excluded from the Company's acquisition | Land_Parcel | 1 | ||||||||||
Percentage of ownership interest sold in parcel of undeveloped land | 50.00% | ||||||||||
Property sold | $ 2,025,000 | ||||||||||
Percentage of interest in parcel of undeveloped land held by buyer as a tenant in common | 50.00% | ||||||||||
Gain (loss) on sale of property | $ 0 | ||||||||||
Gain on condemnation of a portion of land | $ 800,000 | ||||||||||
Number of store which portion of land condemned | Store | 1 | ||||||||||
Florida [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Property sold | $ 3,250,000 | ||||||||||
Gain (loss) on sale of property | $ 160,000 | ||||||||||
New York [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Property sold | $ 950,000 | ||||||||||
Gain (loss) on sale of property | $ 0 | ||||||||||
Canada [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Number of stores excluded from the Company's acquisition | Store | 5 | ||||||||||
New York and New Jersey, 10 Stores Acquired in 2012 [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Number of operating stores acquired | Store | 10 | ||||||||||
Term to make additional cash payment to sellers if the stores acquired exceeded a specified amount of net rental income | 2 years | ||||||||||
Payment to sellers resulting from higher rental income of properties | 7,785,000 | ||||||||||
Florida, Stores Acquired in 2011 [Member] | |||||||||||
Property Acquisitions [Line Items] | |||||||||||
Amount due to sellers resulting from higher rental income of properties | $ 2,500,000 | $ 133,000 | |||||||||
Gain (Loss) on earnout consideration | $ 400,000 |
Property Acquisitions and Dis61
Property Acquisitions and Dispositions - Reconciles Purchase Price to Cash Paid by and Total Consideration Transferred to Acquire (Detail) - USD ($) $ in Thousands | Oct. 01, 2015 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Property Acquisition And Dispositions [Line Items] | ||||
Total purchase price attributable to the Company | $ 142,399 | $ 38,811 | $ 119,216 | |
Total cash paid by the Company | 1,572,540 | 477,183 | ||
Total purchase price attributable to the Company | $ 142,399 | $ 38,811 | $ 119,216 | |
SmartStop Self Storage, Inc (SmartStop) [Member] | ||||
Property Acquisition And Dispositions [Line Items] | ||||
Total purchase price | $ 1,391,272 | |||
Less: amount paid for Excluded Assets by Strategic 1031 | (90,360) | |||
Total purchase price attributable to the Company | 1,300,912 | |||
Total cash paid by the Company | 1,272,256 | |||
Fair value of OP Units issued to certain SmartStop unit holders | 28,656 | |||
Total purchase price attributable to the Company | 1,300,912 | |||
Less: Cash paid for transaction costs | 8,053 | |||
Less: Cash paid for defeasance and prepayment fees | 38,360 | |||
Less: Severance and share-based compensation to SmartStop employees | 7,665 | |||
Total consideration transferred | $ 1,246,834 |
Property Acquisitions and Dis62
Property Acquisitions and Dispositions - Allocation of Consideration Transferred (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Oct. 01, 2015 | Dec. 31, 2014 |
Property Acquisition And Dispositions [Line Items] | |||
Intangibles | $ 23,780 | $ 7,554 | |
Investments in unconsolidated real estate ventures | $ 103,007 | $ 85,711 | |
SmartStop Self Storage, Inc (SmartStop) [Member] | |||
Property Acquisition And Dispositions [Line Items] | |||
Land | $ 179,700 | ||
Buildings | 978,368 | ||
Intangibles | 18,830 | ||
Investments in unconsolidated real estate ventures | 60,981 | ||
Other assets | 34,500 | ||
Total assets acquired | 1,272,379 | ||
Accounts payable and accrued liabilities assumed | 17,064 | ||
Other liabilities assumed | 8,481 | ||
Total net assets acquired | $ 1,246,834 |
Property Acquisitions and Dis63
Property Acquisitions and Dispositions - Pro Forma Financial Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Business Acquisition, Pro Forma Information [Abstract] | ||
Total revenues | $ 860,550 | $ 746,601 |
Net income attributable to common stockholders | $ 253,476 | $ 163,898 |
Property Acquisitions and Dis64
Property Acquisitions and Dispositions - Summary of Revenues and Earnings Related to Acquisition since the Acquisition Date (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Business Acquisition, Pro Forma Information [Abstract] | |
Total revenues | $ 46,490 |
Net income attributable to common stockholders | $ 8,393 |
Investments in Unconsolidated65
Investments in Unconsolidated Real Estate Ventures - Schedule of Investments in Unconsolidated Real Estate Ventures (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Schedule of Equity Method Investments [Line Items] | ||
Investment balance | $ 103,007 | $ 85,711 |
VRS [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 45.00% | |
Excess Profit Participation | 54.00% | |
Investment balance | $ 39,091 | 40,363 |
SPI [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 25.00% | |
Investment balance | $ 11,813 | 12,042 |
SPI [Member] | Minimum [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Excess Profit Participation | 25.00% | |
SPI [Member] | Maximum [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Excess Profit Participation | 40.00% | |
PRISA [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 2.00% | |
Excess Profit Participation | 17.00% | |
Investment balance | $ 10,309 | 10,520 |
PRISA II [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 2.00% | |
Excess Profit Participation | 17.00% | |
Investment balance | $ 8,323 | 9,008 |
ESW II [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 5.00% | |
Excess Profit Participation | 40.00% | |
Investment balance | $ 4,122 | 4,197 |
WCOT [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 5.00% | |
Excess Profit Participation | 20.00% | |
Investment balance | $ 3,783 | 3,972 |
Clarendon [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 50.00% | |
Excess Profit Participation | 50.00% | |
Investment balance | $ 3,131 | 3,148 |
ESSM [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 48.00% | |
Excess Profit Participation | 48.00% | |
Investment balance | $ 1,200 | 1,153 |
ESW [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 5.00% | |
Excess Profit Participation | 40.00% | |
Investment balance | $ (405) | (95) |
ESNPS [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 10.00% | |
Excess Profit Participation | 35.00% | |
Investment balance | $ (470) | (87) |
Other Minority Owned Properties [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Investment balance | $ 6,148 | 1,490 |
Other Minority Owned Properties [Member] | Minimum [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 18.00% | |
Excess Profit Participation | 19.00% | |
Other Minority Owned Properties [Member] | Maximum [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity Ownership | 50.00% | |
Excess Profit Participation | 50.00% | |
Total Investment [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Investment balance | $ 87,045 | $ 85,711 |
Strategic Storage Growth Trust Inc [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Investment balance | $ 15,962 |
Investments in Unconsolidated66
Investments in Unconsolidated Real Estate Ventures - Additional Information (Detail) | Jun. 11, 2015USD ($)Property | Nov. 01, 2013USD ($)Store | May. 16, 2013USD ($) | Feb. 13, 2013USD ($)Store | Mar. 31, 2015USD ($)Store | Dec. 31, 2015USD ($)Store | Dec. 31, 2014USD ($)StoreJointVenture | Dec. 31, 2013USD ($) | Dec. 30, 2015Store | May. 31, 2014 | Nov. 30, 2013Store |
Schedule of Equity Method Investments [Line Items] | |||||||||||
Number of stores | Store | 6 | ||||||||||
Non-cash gain | $ 2,729,000 | $ 3,438,000 | |||||||||
Number of stores acquired | Store | 171 | ||||||||||
Cash Consideration Paid | $ 1,572,540,000 | 477,183,000 | |||||||||
Notes payable assumed | 0 | 38,347,000 | $ 110,803,000 | ||||||||
Number of stores owned by joint venture | Store | 1 | ||||||||||
Previous equity interest, fair value | (1,264,000) | 129,000 | |||||||||
Amortization amount of excess purchase price included in equity earnings | $ 26,806,000 | ||||||||||
Amortization period of excess purchase price included in equity earnings | 40 years | ||||||||||
Gain on sale of real estate | $ 60,495,000 | 960,000 | |||||||||
HSRE-ESP IA, LLC (HSRE) [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture | 1.00% | 49.00% | |||||||||
Equity ownership prior to the acquisition | 50.00% | ||||||||||
Non-cash gain | 34,137,000 | ||||||||||
Cash Consideration Paid | $ 1,267,000 | $ 43,475,000 | |||||||||
Notes payable assumed | $ 96,516,000 | ||||||||||
Voting interests of third-party owners | 1.00% | ||||||||||
Value of ownership interest of third party owners | $ 870,000 | ||||||||||
Number of stores owned by joint venture | 19 | 19 | |||||||||
Previous equity interest, fair value | $ 43,500,000 | ||||||||||
Carrying amount of noncontrolling interest | $ 0 | ||||||||||
Grupe Acquisition [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Non-cash gain | 3,438,000 | $ 9,339,000 | |||||||||
Cash gain on sale of investment in joint venture | $ 584,000 | ||||||||||
Number of self-storage facilities (Stores) acquired | Store | 6 | ||||||||||
Number of joint ventures | JointVenture | 5 | ||||||||||
Number of stores acquired | Store | 12 | ||||||||||
New York [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Number of stores | Store | 1 | ||||||||||
Gain on sale of real estate | $ 0 | ||||||||||
Bloomfield Investment LLC [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Number of stores | Store | 1 | ||||||||||
Amount paid for interest | $ 2,885,000 | ||||||||||
Equity method ownership percentage | 50.00% | ||||||||||
Minimum [Member] | Grupe Acquisition [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture | 60.00% | ||||||||||
Equity ownership prior to the acquisition | 35.00% | ||||||||||
Maximum [Member] | Grupe Acquisition [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture | 65.00% | ||||||||||
Equity ownership prior to the acquisition | 40.00% | ||||||||||
Extra Space of Eastern Avenue LLC [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture | 48.00% | ||||||||||
Equity ownership prior to the acquisition | 52.00% | ||||||||||
Non-cash gain | $ 2,215,000 | ||||||||||
Number of stores owned by joint venture | Store | 1 | ||||||||||
Cash paid for acquiring equity interest in the joint venture | $ 5,979,000 | ||||||||||
Extra Space of Montrose Avenue LLC [Member] | |||||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||||
Additional interest acquired in the venture | 61.00% | ||||||||||
Equity ownership prior to the acquisition | 39.00% | ||||||||||
Non-cash gain | $ 341,000 | ||||||||||
Number of stores owned by joint venture | Store | 1 | ||||||||||
Cash paid for acquiring equity interest in the joint venture | $ 6,878,000 |
Investments in Unconsolidated67
Investments in Unconsolidated Real Estate Ventures - Schedule of Equity in Earnings of Unconsolidated Real Estate Ventures (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | $ 12,351 | $ 10,541 | $ 11,653 |
VRS [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 4,041 | 3,510 | 3,464 |
SPI [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 1,951 | 1,541 | 1,243 |
PRISA [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 1,013 | 929 | 890 |
PRISA II [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 793 | 764 | 703 |
ESW II [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 145 | 102 | 50 |
WCOT [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 569 | 498 | 448 |
Clarendon [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 581 | 551 | 516 |
ESSM [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 493 | 424 | 369 |
ESW [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 1,875 | 1,571 | 1,406 |
ESNPS [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 633 | 513 | 461 |
HSRE-ESP IA, LLC (HSRE) [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | 1,428 | ||
Other Minority Owned Properties [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity in earnings | $ 257 | $ 138 | $ 675 |
Investments in Unconsolidated68
Investments in Unconsolidated Real Estate Ventures - Summary of Unaudited Information Related to Real Estate Ventures' Debt (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2015USD ($) | |
VRS [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 52,100 |
Current Interest Rate | 3.19% |
Debt Maturity | June 2,020 |
SPI [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 88,975 |
Current Interest Rate | 4.66% |
Debt Maturity | April 2,018 |
PRISA [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Debt Maturity | Unleveraged |
PRISA II [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Debt Maturity | Unleveraged |
ESW II [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 18,505 |
Current Interest Rate | 3.57% |
Debt Maturity | February 2,019 |
WCOT [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 87,500 |
Current Interest Rate | 3.34% |
Debt Maturity | August 2,019 |
Clarendon [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 7,746 |
Current Interest Rate | 5.93% |
Debt Maturity | September 2,018 |
ESSM [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 13,629 |
Current Interest Rate | 4.88% |
Debt Maturity | May 2,021 |
ESW [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 17,150 |
Current Interest Rate | 1.67% |
Debt Maturity | August 2,020 |
ESNPS [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 34,500 |
Current Interest Rate | 2.44% |
Debt Maturity | July 2,025 |
Other Minority Owned Properties [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Loan Amount | $ 20,614 |
Debt Maturity | Various |
Investments in Unconsolidated69
Investments in Unconsolidated Real Estate Ventures - Condensed Financial Information of Unconsolidated Real Estate Ventures (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Assets: | |||
Net real estate assets | $ 1,389,974 | $ 1,442,755 | |
Other | 33,703 | 34,636 | |
Total | 1,423,677 | 1,477,391 | |
Liabilities and members' equity: | |||
Notes payable | 299,730 | 301,267 | |
Other liabilities | 25,715 | 23,490 | |
Members' equity | 1,098,232 | 1,152,634 | |
Total | 1,423,677 | 1,477,391 | |
Statements of Income: | |||
Rents and other income | 286,857 | 273,231 | $ 260,487 |
Expenses | (155,851) | (153,973) | (149,595) |
Gain on sale of real estate | 60,495 | 0 | 0 |
Net income | $ 191,501 | $ 119,258 | $ 110,892 |
Other Assets - Schedule of Othe
Other Assets - Schedule of Other Assets (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Schedule Of Other Assets [Line Items] | ||
Equipment and fixtures | $ 30,547 | $ 24,913 |
Less: accumulated depreciation | (19,609) | (15,183) |
Other intangible assets | 2,172 | 7,130 |
Deferred financing costs, net-lines of Credit | 1,735 | 1,363 |
Prepaid expenses and deposits | 11,463 | 8,891 |
Receivables, net | 46,774 | 31,946 |
Investments in Trusts | 3,590 | 3,590 |
Fair value of interest rate swaps | 4,996 | 3,583 |
Other assets, net | 170,349 | 75,894 |
Strategic 1031 LLC [Member] | ||
Schedule Of Other Assets [Line Items] | ||
Notes receivable | 84,331 | |
Other [Member] | ||
Schedule Of Other Assets [Line Items] | ||
Notes receivable | $ 4,350 | $ 9,661 |
Other Assets - Additional Infor
Other Assets - Additional Information (Detail) - Strategic 1031 LLC [Member] - USD ($) $ in Thousands | Dec. 31, 2015 | Oct. 01, 2015 |
Schedule Of Other Assets [Line Items] | ||
Notes receivable | $ 84,331 | |
Real Estate Loan [Member] | ||
Schedule Of Other Assets [Line Items] | ||
Notes receivable | $ 84,331 | $ 84,331 |
Notes Payable - Schedule of Com
Notes Payable - Schedule of Components of Notes Payable (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Variable Rate Interest | ||
Total | $ 2,782,300 | |
Total notes payable | 2,758,567 | $ 1,858,981 |
Notes Payable [Member] | ||
Fixed Rate Interest | ||
Notes payable at fixed rate of interest | 1,613,490 | 1,164,303 |
Variable Rate Interest | ||
Notes payable at variable rate of interest | 1,094,985 | 707,764 |
Total | 2,782,300 | 1,872,067 |
Plus: Premium on notes payable | 872 | 3,281 |
Less: unamortized debt issuance costs | (24,605) | (16,367) |
Total notes payable | 2,758,567 | $ 1,858,981 |
Notes Payable [Member] | Unsecured Loan With Bank [Member] | ||
Fixed Rate Interest | ||
Notes payable at fixed rate of interest | $ 73,825 |
Notes Payable - Schedule of C73
Notes Payable - Schedule of Components of Notes Payable (Parenthetical) (Detail) - Notes Payable [Member] | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | ||
Fixed rate of interest, low end of range (as a percent) | 2.80% | |
Fixed rate of interest, high end of range (as a percent) | 6.70% | |
Fixed rate debt due date, start | 2016-03 | |
Fixed rate debt due date, end | 2023-02 | |
Effective rate of interest, low end of range (as a percent) | 2.00% | 1.80% |
Effective rate of interest, high end of range (as a percent) | 2.40% | 2.20% |
Variable rate debt due date, start | 2016-07 | |
Variable rate debt due date, end | 2021-03 | |
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Debt Instrument [Line Items] | ||
Basis spread on variable rate (as a percent) | 1.60% | |
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | ||
Debt Instrument [Line Items] | ||
Basis spread on variable rate (as a percent) | 2.00% | |
Unsecured Loan With Bank [Member] | ||
Debt Instrument [Line Items] | ||
Fixed rate of interest (as a percent) | 3.10% | |
Fixed rate debt due date | 2020-03 |
Notes Payable - Schedule of Mat
Notes Payable - Schedule of Maturities of Notes Payable (Detail) $ in Thousands | Dec. 31, 2015USD ($) |
Long-term Debt, Fiscal Year Maturity [Abstract] | |
2,016 | $ 167,477 |
2,017 | 418,179 |
2,018 | 416,512 |
2,019 | 438,244 |
2,020 | 872,441 |
Thereafter | 469,447 |
Total | $ 2,782,300 |
Notes Payable - Additional Info
Notes Payable - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Debt Instrument [Line Items] | ||
Debt instrument | $ 2,782,300 | |
Notes Payable [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate floor on debt (as a percent) | 1.90% | |
Debt instrument | $ 2,782,300 | $ 1,872,067 |
Notes payable subject to recourse | $ 2,430,623 |
Derivatives - Additional Inform
Derivatives - Additional Information (Detail) | Dec. 31, 2015USD ($)Item |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Estimated amount of unrealized gains or losses expected to be reclassified as interest expense in next fiscal year | $ 12,440,000 |
Number of derivative financial instruments | Item | 29 |
Combined notional amount | $ 1,743,790,000 |
Credit risk derivative, fair value of derivatives in a net liability position | 6,991,000 |
Estimated termination value on settlement | $ 2,995,000 |
Derivatives - Schedule Summariz
Derivatives - Schedule Summarizing Terms of Entity's Derivative Financial Instruments (Detail) | 12 Months Ended |
Dec. 31, 2015USD ($) | |
Derivative [Line Items] | |
Notional Amounts | $ 1,743,790,000 |
Cash Flow Hedging [Member] | Interest Rate Swap [Member] | |
Derivative [Line Items] | |
Strike rate cash flow hedge swap agreements, low end of range (as a percent) | 0.80% |
Strike rate cash flow hedge swap agreements, high end of range (as a percent) | 3.90% |
Minimum [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member] | |
Derivative [Line Items] | |
Notional Amounts | $ 5,058,000 |
Effective dates | Oct. 3, 2011 |
Maturity dates | Sep. 20, 2018 |
Maximum [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member] | |
Derivative [Line Items] | |
Notional Amounts | $ 126,000,000 |
Effective dates | Nov. 1, 2015 |
Maturity dates | Feb. 1, 2023 |
Derivatives - Schedule of Balan
Derivatives - Schedule of Balance Sheet Classification and Fair Value of Entity's Derivative Financial Instruments (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Other Assets [Member] | ||
Derivative [Line Items] | ||
Other assets - Asset (Liability) Derivatives | $ 4,996 | $ 3,583 |
Other Liabilities [Member] | ||
Derivative [Line Items] | ||
Other liabilities - Asset (Liability) Derivatives | $ (6,991) | $ (3,533) |
Derivatives - Interest Payments
Derivatives - Interest Payments Recognized as Increase or Decrease in Interest Expense (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Interest Rate Swap [Member] | |||
Derivative [Line Items] | |||
Swap agreements increase (decrease) in interest expenses due to interest payments | $ (12,487) | $ (8,780) | $ (8,917) |
Derivatives - Schedule of Infor
Derivatives - Schedule of Information Relating to Gain (Loss) Recognized on Swap Agreements (Detail) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Swap agreements gain (loss) recognized in OCI | $ (17,669) | $ (18,557) |
Swap agreements gain (loss) reclassified from OCI - Interest expense | $ (12,487) | $ (8,780) |
Notes Payable to Trusts - Addit
Notes Payable to Trusts - Additional Information (Detail) | 1 Months Ended | 12 Months Ended | 60 Months Ended | 61 Months Ended | |||
Jul. 31, 2005USD ($)Security | May. 31, 2005USD ($)Security | Apr. 30, 2005USD ($)Security | Dec. 31, 2015USD ($) | Jun. 30, 2010 | Jul. 31, 2010 | Dec. 31, 2014USD ($) | |
Variable Interest Entity [Line Items] | |||||||
Unamortized deferred financing costs, net | $ 2,399,000 | $ 2,531,000 | |||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust III [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Proceeds from issuance of securities | $ 41,238,000 | ||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust III [Member] | Preferred Securities [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Issuance of securities | $ 40,000,000 | ||||||
Maturity date | Jul. 31, 2035 | ||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust III [Member] | Common Securities [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Issuance of securities | $ 1,238,000 | ||||||
Number of securities issued (in securities) | Security | 1,238 | ||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust II [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Proceeds from issuance of securities | $ 42,269,000 | ||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust II [Member] | Preferred Securities [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Issuance of securities | $ 41,000,000 | ||||||
Maturity date | Jun. 30, 2035 | ||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust II [Member] | Common Securities [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Issuance of securities | $ 1,269,000 | ||||||
Number of securities issued (in securities) | Security | 1,269 | ||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust I [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Proceeds from issuance of securities | $ 36,083,000 | ||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust I [Member] | Preferred Securities [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Issuance of securities | $ 35,000,000 | ||||||
Maturity date | Jun. 30, 2035 | ||||||
Variable Interest Entity, Not Primary Beneficiary [Member] | Trust I [Member] | Common Securities [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Issuance of securities | $ 1,083,000 | ||||||
Number of securities issued (in securities) | Security | 1,083 | ||||||
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust III [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Maturity date | Jul. 11, 2018 | ||||||
Interest rate, fixed (as a percent) | 6.91% | ||||||
Interest rate swap, fixed rate of interest (as a percent) | 4.99% | ||||||
Securities redemption date | Jul. 27, 2010 | ||||||
Prepayment premium | $ 0 | ||||||
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust III [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Reference rate | three month LIBOR | ||||||
Margin added to variable rate (as a percent) | 2.40% | ||||||
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust II [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Maturity date | Jul. 11, 2018 | ||||||
Interest rate, fixed (as a percent) | 6.67% | ||||||
Interest rate swap, fixed rate of interest (as a percent) | 4.99% | ||||||
Securities redemption date | Jun. 30, 2010 | ||||||
Prepayment premium | $ 0 | ||||||
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust II [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Reference rate | three month LIBOR | ||||||
Margin added to variable rate (as a percent) | 2.40% | ||||||
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust I [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Maturity date | Jun. 30, 2018 | ||||||
Interest rate swap, fixed rate of interest (as a percent) | 5.14% | ||||||
Prepayment premium | $ 0 | ||||||
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust I [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||
Variable Interest Entity [Line Items] | |||||||
Reference rate | three month LIBOR | ||||||
Margin added to variable rate (as a percent) | 2.25% |
Notes Payable to Trusts - Sched
Notes Payable to Trusts - Schedule of Liabilities and Maximum Exposure to Loss Related to Trusts (Detail) - USD ($) | Dec. 31, 2015 | Dec. 31, 2014 |
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | $ 117,191,000 | $ 117,059,000 |
Investment Balance | 3,590,000 | $ 3,590,000 |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 117,191,000 | |
Investment Balance | 3,590,000 | |
Maximum exposure to loss | 116,000,000 | |
Difference | 0 | |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust I [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 36,083,000 | |
Investment Balance | 1,083,000 | |
Maximum exposure to loss | 35,000,000 | |
Difference | 0 | |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust II [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 42,269,000 | |
Investment Balance | 1,269,000 | |
Maximum exposure to loss | 41,000,000 | |
Difference | 0 | |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Trust III [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 41,238,000 | |
Investment Balance | 1,238,000 | |
Maximum exposure to loss | 40,000,000 | |
Difference | 0 | |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Subtotal [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 119,590,000 | |
Investment Balance | 3,590,000 | |
Maximum exposure to loss | 116,000,000 | |
Difference | 0 | |
Operating Partnership [Member] | Variable Interest Entity, Not Primary Beneficiary [Member] | Unamortized Debt Issuance Expense [Member] | ||
Variable Interest Entity [Line Items] | ||
Notes payable to trusts | 2,399,000 | |
Difference | $ 0 |
Exchangeable Senior Notes - Add
Exchangeable Senior Notes - Additional Information (Detail) | Sep. 15, 2015USD ($) | Jun. 21, 2013USD ($) | Sep. 30, 2015USD ($) | Dec. 31, 2015USD ($)d | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) |
2.375% Exchangeable Senior Notes due 2033 (the 2013 Notes) [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Notes exchange, threshold percentage | 130.00% | |||||
Notes exchange, threshold trading days | d | 20 | |||||
Notes exchange, threshold consecutive trading days | 30 days | |||||
Effective interest rate on the liability component | 4.00% | 4.00% | ||||
2.375% Exchangeable Senior Notes due 2033 (the 2013 Notes) [Member] | Operating Partnership [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Principal amount of notes issued | $ 250,000,000 | $ 85,364,000 | $ 85,364,000 | |||
Interest rate | 2.375% | 2.375% | 2.375% | |||
Issuance cost | $ 605,000 | $ 1,672,000 | ||||
Conversion ratio, number of shares per $1,000 principal amount, numerator | 18.18 | |||||
Principal amount used for debt instrument conversion ratio | $ 1,000 | $ 1,000 | ||||
Redemption price as percentage of principal amount of notes plus accrued and unpaid interest | 100.00% | |||||
Redemption price as percentage of principal amount of notes at request of debt holders and upon occurrence of designated event | 100.00% | |||||
Discount rate (as a percent) | 1.50% | |||||
Amortization period | 5 years | |||||
Unamortized cash discount | 6,931,000 | $ 3,750,000 | $ 633,000 | $ 633,000 | $ 2,606,000 | |
Principal amount repurchased | 164,636,000 | |||||
Total cash paid for repurchase | $ 227,212,000 | |||||
Exchangeable Senior Notes 3.125% due 2035 (the 2015 Notes) [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Effective interest rate on the liability component | 4.00% | 4.00% | ||||
Exchangeable Senior Notes 3.125% due 2035 (the 2015 Notes) [Member] | Operating Partnership [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Principal amount of notes issued | $ 575,000,000 | $ 575,000,000 | $ 575,000,000 | |||
Interest rate | 3.125% | 3.125% | 3.125% | |||
Issuance cost | $ 11,992,000 | |||||
Underwriting fee percentage | 2.00% | |||||
Amortization period | 5 years | |||||
Conversion ratio, number of shares per $1,000 principal amount, numerator | 10.48 | |||||
Principal amount used for debt instrument conversion ratio | $ 1,000 | $ 1,000 | ||||
Redemption price as percentage of principal amount of notes plus accrued and unpaid interest | 100.00% | |||||
Redemption price as percentage of principal amount of notes at request of debt holders and upon occurrence of designated event | 100.00% | |||||
Minimum [Member] | 2.375% Exchangeable Senior Notes due 2033 (the 2013 Notes) [Member] | Operating Partnership [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Number of days of written notice to holders of notes required for redemption | 30 days | |||||
Minimum [Member] | Exchangeable Senior Notes 3.125% due 2035 (the 2015 Notes) [Member] | Operating Partnership [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Number of days of written notice to holders of notes required for redemption | 30 days | |||||
Maximum [Member] | 2.375% Exchangeable Senior Notes due 2033 (the 2013 Notes) [Member] | Operating Partnership [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Number of days of written notice to holders of notes required for redemption | 60 days | |||||
Maximum [Member] | Exchangeable Senior Notes 3.125% due 2035 (the 2015 Notes) [Member] | Operating Partnership [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Number of days of written notice to holders of notes required for redemption | 60 days |
Exchangeable Senior Notes - Sch
Exchangeable Senior Notes - Schedule of Information about Carrying Amount of Equity Component, Principal Amount of Liability Component, Unamortized Discount and Net Carrying Amount for Notes (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Sep. 15, 2015 | Dec. 31, 2014 | Jun. 21, 2013 |
Debt Instrument [Line Items] | ||||
Principal amount of liability components | $ 623,863 | $ 235,724 | ||
Operating Partnership [Member] | ||||
Debt Instrument [Line Items] | ||||
Carrying amount of equity components | 22,597 | 14,496 | ||
Net carrying amount of liability components | 623,863 | 235,724 | ||
Operating Partnership [Member] | 2.375% Exchangeable Senior Notes due 2033 (the 2013 Notes) [Member] | ||||
Debt Instrument [Line Items] | ||||
Carrying amount of equity components | 14,496 | |||
Principal amount of liability components | 85,364 | $ 164,636 | 250,000 | |
Unamortized discount - equity components | (2,605) | (10,448) | ||
Unamortized cash discount | (633) | $ (6,931) | (2,606) | $ (3,750) |
Operating Partnership [Member] | Exchangeable Senior Notes 3.125% due 2035 (the 2015 Notes) [Member] | ||||
Debt Instrument [Line Items] | ||||
Carrying amount of equity components | 22,597 | |||
Principal amount of liability components | 575,000 | |||
Unamortized discount - equity components | (21,565) | |||
Operating Partnership [Member] | Exchangeable Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Unamortized debt issuance costs | $ (11,698) | $ (1,222) |
Exchangeable Senior Notes - Sum
Exchangeable Senior Notes - Summary of Amount of Interest Cost Recognized Relating to Contractual Interest Rate and Amortization of Discount on Liability Component of Notes (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Debt Disclosure [Abstract] | |||
Contractual interest | $ 9,939 | $ 5,936 | $ 3,134 |
Amortization of discount | 3,310 | 2,683 | 1,404 |
Total interest expense recognized | $ 13,249 | $ 8,619 | $ 4,538 |
Exchangeable Senior Notes - S86
Exchangeable Senior Notes - Summary of Repurchase of Debt (Detail) - USD ($) $ in Thousands | Sep. 15, 2015 | Jun. 21, 2013 | Dec. 31, 2015 | Dec. 31, 2014 |
Debt Instrument [Line Items] | ||||
Exchangeable senior notes repurchased | $ 623,863 | $ 235,724 | ||
Operating Partnership [Member] | 2.375% Exchangeable Senior Notes due 2033 (the 2013 Notes) [Member] | ||||
Debt Instrument [Line Items] | ||||
Principal amount repurchased | $ 164,636 | |||
Extinguishment of liability component | 157,100 | |||
Reacquisition of equity component | 70,112 | |||
Total cash paid for repurchase | 227,212 | |||
Exchangeable senior notes repurchased | 164,636 | 85,364 | 250,000 | |
Extinguishment of liability component | (157,100) | |||
Discount on exchangeable senior notes | (6,931) | $ (3,750) | $ (633) | $ (2,606) |
Related debt issuance costs | (605) | $ (1,672) | ||
Gain/(Loss) on repurchase | $ 0 |
Lines of Credit - Summarized In
Lines of Credit - Summarized Information of Lines of Credit (Detail) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Dec. 31, 2014 | |
Line of Credit Facility [Line Items] | ||
Amount drawn | $ 36,000,000 | $ 138,000,000 |
Capacity | 360,000,000 | |
Credit Line 1 [Member] | ||
Line of Credit Facility [Line Items] | ||
Amount drawn | 36,000,000 | |
Capacity | $ 180,000,000 | |
Interest rate | 2.10% | |
Origination date | Jun. 4, 2010 | |
Maturity | Jun. 30, 2018 | |
Line of credit facility variable rate basis | LIBOR | |
Basis spread on variable rate | 1.70% | |
Credit Line 2 [Member] | ||
Line of Credit Facility [Line Items] | ||
Capacity | $ 50,000,000 | |
Interest rate | 2.20% | |
Origination date | Nov. 16, 2010 | |
Maturity | Feb. 13, 2017 | |
Line of credit facility variable rate basis | LIBOR | |
Basis spread on variable rate | 1.80% | |
Credit Line 3 [Member] | ||
Line of Credit Facility [Line Items] | ||
Capacity | $ 80,000,000 | |
Interest rate | 2.10% | |
Origination date | Apr. 29, 2011 | |
Maturity | Nov. 18, 2016 | |
Line of credit facility variable rate basis | LIBOR | |
Basis spread on variable rate | 1.70% | |
Credit Line 4 [Member] | ||
Line of Credit Facility [Line Items] | ||
Capacity | $ 50,000,000 | |
Interest rate | 2.10% | |
Origination date | Sep. 29, 2014 | |
Maturity | Sep. 29, 2017 | |
Line of credit facility variable rate basis | LIBOR | |
Basis spread on variable rate | 1.70% |
Lines of Credit - Summarized 88
Lines of Credit - Summarized Information of Lines of Credit (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2015Counts | |
Credit Line 1 [Member] | |
Line of Credit Facility [Line Items] | |
Extension of maturity date | 2 years |
Number of extensions to maturity date | 1 |
Credit facility basis rate description | 30-day USD LIBOR |
Credit Line 2 [Member] | |
Line of Credit Facility [Line Items] | |
Extension of maturity date | 1 year |
Number of extensions to maturity date | 2 |
Credit facility basis rate description | 30-day USD LIBOR |
Credit Line 3 [Member] | |
Line of Credit Facility [Line Items] | |
Extension of maturity date | 1 year |
Number of extensions to maturity date | 2 |
Credit facility basis rate description | 30-day USD LIBOR |
Credit Line 4 [Member] | |
Line of Credit Facility [Line Items] | |
Extension of maturity date | 1 year |
Number of extensions to maturity date | 2 |
Credit facility basis rate description | 30-day USD LIBOR |
Other Liabilities - Summarized
Other Liabilities - Summarized Statement of Other Liabilities (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Other Liabilities [Abstract] | ||
Deferred rental income | $ 35,904 | $ 28,485 |
Lease obligation liability | 713 | |
Fair value of interest rate swaps | 6,991 | 3,533 |
Income taxes payable | 2,223 | 672 |
Deferred tax liability | 10,728 | 5,367 |
Earnout provisions on acquisitions | 5,510 | 8,033 |
Unpaid claims liability | 11,313 | 1,832 |
Other miscellaneous liabilities | 7,820 | 6,084 |
Other liabilities, Total | $ 80,489 | $ 54,719 |
Other Liabilities - Additional
Other Liabilities - Additional Information (Detail) - Item | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Other Liabilities [Abstract] | |||
Number of claims made | 3,959 | 2,942 | 2,316 |
Other Liabilities - Schedule of
Other Liabilities - Schedule of Unpaid Claims Liability (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Liability for Claims and Claims Adjustment Expense [Line Items] | |||
Unpaid claims liability at beginning of year | $ 1,832 | ||
Unpaid claims liability at the end of the year | 11,313 | $ 1,832 | |
Tenant Reinsurance Claims [Member] | |||
Liability for Claims and Claims Adjustment Expense [Line Items] | |||
Unpaid claims liability at beginning of year | 3,121 | 2,112 | $ 1,414 |
Claims and claim adjustment expense for claims incurred in the current year | 6,421 | 5,126 | 3,817 |
Claims and claim adjustment expense for claims incurred in the prior years | 0 | (345) | (116) |
Payments for current year claims | (4,283) | (2,954) | (1,751) |
Payments for prior year claims | (1,351) | (818) | (1,252) |
Unpaid claims liability at the end of the year | $ 3,908 | $ 3,121 | $ 2,112 |
Related Party and Affiliated 92
Related Party and Affiliated Real Estate Joint Venture Transactions - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Related Party Transaction Due From To Related Party [Line Items] | |||
Management fees as a percentage of cash collected from total revenues | 6.00% | ||
SPI [Member] | |||
Related Party Transaction Due From To Related Party [Line Items] | |||
Basis points multiplied by the total asset value for asset management fee | 0.50% | ||
SpenAero, L.C. [Member] | |||
Related Party Transaction Due From To Related Party [Line Items] | |||
Cash paid for related party transactions | $ 1,163 | $ 1,059 | $ 803 |
Related Party and Affiliated 93
Related Party and Affiliated Real Estate Joint Venture Transactions - Summarized Information of Management Fee Revenues for Related Party and Affiliated Joint Ventures and Other Income (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | $ 34,161 | $ 28,215 | $ 26,614 |
ESW [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 515 | 480 | 450 |
ESW II [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 452 | 410 | 382 |
ESNPS [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 584 | 550 | 528 |
ESSM [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 152 | 132 | 117 |
HSRE-ESP IA, LLC (HSRE) [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 1,201 | 1,146 | |
PRISA [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 5,809 | 5,466 | 5,215 |
PRISA II [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 4,703 | 4,635 | 4,397 |
VRS [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 1,398 | 1,326 | 1,286 |
WCOT [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 1,799 | 1,680 | 1,601 |
SPI [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | 2,075 | 1,999 | 1,953 |
Other [Member] | |||
Related Party Transaction [Line Items] | |||
Management fee revenues and other income | $ 16,674 | $ 10,336 | $ 9,539 |
Related Party and Affiliated 94
Related Party and Affiliated Real Estate Joint Venture Transactions - Summarized Information of Receivables from Related Party and Affiliated Joint Ventures (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Schedule of Other Related Party Transactions [Line Items] | ||
Due from related Parties | $ 2,205 | $ 11,778 |
Mortgage Notes Receivable [Member] | ||
Schedule of Other Related Party Transactions [Line Items] | ||
Due from related Parties | 10,590 | |
Other Receivables from Stores [Member] | ||
Schedule of Other Related Party Transactions [Line Items] | ||
Due from related Parties | $ 2,205 | $ 1,188 |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Detail) $ / shares in Units, $ in Thousands | Aug. 28, 2015USD ($)SalesAgents | Jun. 22, 2015USD ($)$ / sharesshares | Nov. 08, 2013USD ($)$ / sharesshares | Dec. 31, 2015USD ($)Item$ / sharesshares | Dec. 31, 2013USD ($) | Dec. 31, 2014$ / sharesshares |
Changes In Equity And Comprehensive Income Line Items [Line Items] | ||||||
Common stock, shares authorized | 500,000,000 | 500,000,000 | ||||
Common stock, par value per share | $ / shares | $ 0.01 | $ 0.01 | ||||
Preferred stock, shares authorized | 50,000,000 | 50,000,000 | ||||
Preferred stock, par value | $ / shares | $ 0.01 | $ 0.01 | ||||
Preferred stock, shares issued | 0 | 0 | ||||
Preferred stock, shares outstanding | 0 | 0 | ||||
Common stock, shares issued | 124,119,531 | 116,360,239 | ||||
Common stock, shares outstanding | 124,119,531 | 116,360,239 | ||||
Number of votes, common stock holder rights | Item | 1 | |||||
Common stock, voting rights | All holders of the Company's common stock are entitled to receive dividends and to one vote on all matters submitted to a vote of stockholders. | |||||
Offer price of shares of common stock sold in a public offering (in dollars per share) | $ / shares | $ 68.15 | $ 45.81 | ||||
Gross proceeds from issuance of common stock | $ | $ 431,049 | $ 206,145 | ||||
Transaction costs of stock issuance | $ | 14,438 | 157 | ||||
Net proceeds from issuance of common stock | $ | $ 416,611 | $ 205,988 | $ 446,877 | $ 205,988 | ||
Public Offering [Member] | ||||||
Changes In Equity And Comprehensive Income Line Items [Line Items] | ||||||
Common stock issued and sold | 6,325,000 | 4,500,000 | ||||
At the Market Equity Distribution Agreement [Member] | ||||||
Changes In Equity And Comprehensive Income Line Items [Line Items] | ||||||
Common stock issued and sold | 410,000 | |||||
Net proceeds from issuance of common stock | $ | $ 30,266 | |||||
Number of sales agents | SalesAgents | 5 | |||||
Aggregate offering price of common share | $ | $ 400,000 | |||||
Average price per share | $ / shares | $ 75.17 |
Noncontrolling Interest Represe
Noncontrolling Interest Represented by Preferred Operating Partnership Units - Series A Participating Redeemable Preferred Units - Additional Information (Detail) $ in Thousands | Oct. 03, 2014USD ($)shares | Jun. 25, 2007USD ($)shares | Jun. 15, 2007Propertyshares | Dec. 31, 2015USD ($) | Dec. 31, 2014USD ($) |
Noncontrolling Interest in Operating Partnership [Line Items] | |||||
Loan to holders of preferred OP units | $ | $ 120,230 | $ 120,230 | |||
Operating Partnership [Member] | Series A Participating Redeemable Preferred Units [Member] | |||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||
Number of stores acquired | Property | 10 | ||||
Operating Partnership [Member] | Series A Participating Redeemable Preferred Units [Member] | Series A Units [Member] | |||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||
Preferred units issued as part of acquisition (in units) | shares | 989,980 | ||||
Fixed priority return on preferred OP units, stated return rate (as a percent) | 5.00% | ||||
Fixed priority return on preferred OP units, amount | $ | $ 115,000 | ||||
Fixed priority return on preferred OP units, liquidation value | $ | $ 115,000 | ||||
Operating Partnership Holders of A Units [Member] | Series A Participating Redeemable Preferred Units [Member] | |||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||
Loan to holders of preferred OP units | $ | $ 100,000 | ||||
Note receivable interest rate (as a percent) | 4.85% | ||||
Maximum number of preferred OP units converted prior to the maturity date of the loan (in shares) | shares | 114,500 | ||||
A units redeemed | shares | 114,500 | ||||
A units redeemed ,value | $ | $ 4,794 | ||||
Additional units redeemed | shares | 0 | ||||
Common shares issued in Preferred Unit redemption | shares | 280,331 |
Noncontrolling Interest Repre97
Noncontrolling Interest Represented by Preferred Operating Partnership Units - Series B Redeemable Preferred Units - Additional Information (Detail) $ / shares in Units, $ in Thousands | Apr. 03, 2014USD ($)Storeshares | Sep. 26, 2013USD ($)Storeshares | Aug. 29, 2013Store | Dec. 31, 2015USD ($)$ / shares | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) |
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Debt assumed | $ 0 | $ 38,347 | $ 110,803 | |||
Series B Redeemable Preferred Units [Member] | Series B Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Liquidation value (in dollars per share) | $ / shares | $ 25 | |||||
Fixed liquidation value | $ 41,903 | |||||
Annual rate of return (as a percent) | 6.00% | |||||
Series B Redeemable Preferred Units [Member] | Georgia, 1 Property Acquired 4/3/2014 [Member] | Series B Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Preferred units issued as part of acquisition (in units) | shares | 333,360 | |||||
Preferred units issued as part of acquisition | $ 8,334 | |||||
Series B Redeemable Preferred Units [Member] | Georgia, 1 Property Acquired 4/3/2014 [Member] | Operating Partnership [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Cash portion of payment for acquisition | $ 15,158 | |||||
Number of stores acquired | Store | 1 | |||||
Series B Redeemable Preferred Units [Member] | California, 20 Properties Acquired 2013-September [Member] | Operating Partnership [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Cash portion of payment for acquisition | $ 100,876 | |||||
Number of stores acquired | Store | 1 | 19 | ||||
Number of stores acquired as part of portfolio acquisition | Store | 20 | |||||
Debt assumed | $ 98,960 | |||||
Number of common units issued as part of acquisition | shares | 1,448,108 | |||||
OP units issued as part of the acquisition | $ 62,341 | |||||
Series B Redeemable Preferred Units [Member] | California, 20 Properties Acquired 2013-September [Member] | Operating Partnership [Member] | Series B Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Preferred units issued as part of acquisition (in units) | shares | 1,342,727 | |||||
Preferred units issued as part of acquisition | $ 33,569 |
Noncontrolling Interest Repre98
Noncontrolling Interest Represented by Preferred Operating Partnership Units - Series C Convertible Redeemable Preferred Units - Additional Information (Detail) $ / shares in Units, $ in Thousands | Nov. 19, 2013Store | Dec. 31, 2014USD ($) | May. 31, 2014USD ($)Storeshares | Dec. 31, 2015USD ($)OperatingPartnershipUnits$ / shares | Dec. 31, 2014USD ($)shares | Dec. 31, 2013USD ($) |
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Debt assumed | $ 0 | $ 38,347 | $ 110,803 | |||
Loan to holders of preferred OP units | $ 120,230 | $ 120,230 | $ 120,230 | |||
Series C Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Preferred units issued as part of acquisition (in units) | shares | 226,285 | |||||
Preferred units issued as part of acquisition | 10,451 | $ 10,451 | ||||
Series C Convertible Redeemable Preferred Units [Member] | Series C Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Liquidation value (in dollars per share) | $ / shares | $ 42.10 | |||||
Fixed liquidation value | $ 29,639 | |||||
Quarterly distribution per preferred OP unit payable above quarterly distribution for common OP Unit | $ / shares | $ 0.18 | |||||
Number of quarters immediately preceding the fifth anniversary of issuance for which distribution is payable | 12 months | |||||
Period from date of issuance after which preferred OP units will become redeemable at the option of the holder | 1 year | |||||
Period from date of issuance after which preferred OP units will become convertible into common OP units at the option of the holder | 1 year | |||||
Preferred OP units conversion ratio | OperatingPartnershipUnits | 0.9145 | |||||
Loan to holders of preferred OP units | $ 20,230 | $ 20,230 | ||||
Note receivable interest rate (as a percent) | 5.00% | |||||
Note receivable maturity date | Dec. 15, 2024 | |||||
California, Properties Acquired December 2013 [Member] | Series C Convertible Redeemable Preferred Units [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Number of stores acquired | Store | 12 | |||||
Ownership interest in five stores through joint ventures prior to the acquisition | 35.00% | |||||
Ownership interest in one store through joint ventures prior to the acquisition | 40.00% | |||||
Number of stores in which ownership interest was held prior to acquisition | Store | 1 | |||||
Number of stores in which ownership interest was held prior to acquisition of remaining properties | Store | 5 | |||||
California, Properties Acquired December 2013 [Member] | Series C Convertible Redeemable Preferred Units [Member] | Operating Partnership [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Number of stores acquired | Store | 6 | |||||
Cash portion of payment for acquisition | $ 45,722 | |||||
Debt assumed | $ 37,532 | |||||
California, Properties Acquired December 2013 [Member] | Series C Convertible Redeemable Preferred Units [Member] | Series C Units [Member] | Operating Partnership [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Preferred units issued as part of acquisition (in units) | shares | 704,016 | |||||
Preferred units issued as part of acquisition | $ 30,960 |
Noncontrolling Interest Repre99
Noncontrolling Interest Represented by Preferred Operating Partnership Units - Series D Redeemable Preferred Units - Additional Information (Detail) - Series D Redeemable Preferred Units [Member] - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 12 Months Ended |
Dec. 31, 2014 | Dec. 31, 2015 | |
Series D Units [Member] | ||
Noncontrolling Interest in Operating Partnership [Line Items] | ||
Liquidation value (in dollars per share) | $ 25 | |
Fixed liquidation value | $ 13,710 | |
Annual rate of return (as a percent) | 5.00% | |
Self Storage Facility in Florida [Member] | ||
Noncontrolling Interest in Operating Partnership [Line Items] | ||
Cash portion of payment for acquisition | $ 5,621 | |
Self Storage Facility in Florida [Member] | Series D Units [Member] | ||
Noncontrolling Interest in Operating Partnership [Line Items] | ||
Preferred units issued as part of acquisition (in units) | 548,390 | |
Preferred units issued as part of acquisition | $ 13,710 |
Noncontrolling Interest in Oper
Noncontrolling Interest in Operating Partnership - Additional Information (Detail) $ / shares in Units, $ in Thousands | Nov. 13, 2015USD ($)shares | Oct. 01, 2015USD ($)shares | Jun. 18, 2015USD ($)Propertyshares | Apr. 15, 2015USD ($)Propertyshares | Sep. 26, 2013USD ($)Propertyshares | Oct. 31, 2013shares | Apr. 30, 2013USD ($)shares | Mar. 31, 2013USD ($)shares | Dec. 31, 2015USD ($)Property$ / sharesshares | Dec. 31, 2014USD ($)Propertyshares | Dec. 31, 2013USD ($) |
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
Period used as a denomination to determine the average closing price of common stock | 10 days | ||||||||||
OP units conversion basis | One-for-one basis | ||||||||||
Ten day average closing stock price | $ / shares | $ 88.75 | ||||||||||
Consideration to be paid on redemption of common OP units | $ 498,921 | ||||||||||
Number of OP Units Issued | shares | 2,043,613 | 1,228,390 | |||||||||
Number of Stores | Property | 171 | 52 | |||||||||
Value of OP units issued | $ 142,399 | $ 38,811 | $ 119,216 | ||||||||
Texas 1 Property Acquired 11/16/2015 [Member] | |||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
Number of OP Units Issued | shares | 91,434 | 91,434 | |||||||||
OP units issued value | $ 7,221 | ||||||||||
Number of Stores | Property | 1 | ||||||||||
Value of OP units issued | $ 7,221 | ||||||||||
Florida 1 Property Acquired 6/18/2015 [Member] | |||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
Number of OP Units Issued | shares | 71,054 | 71,054 | |||||||||
Number of Stores | Property | 1 | 1 | |||||||||
Value of OP units issued | $ 4,773 | $ 4,773 | |||||||||
Arizona Texas 22 Property Acquired 4/15/2015 [Member] | |||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
Number of OP Units Issued | shares | 1,504,277 | 1,504,277 | |||||||||
Number of Stores | Property | 22 | 22 | |||||||||
Value of OP units issued | $ 101,749 | $ 101,749 | |||||||||
California 1 Property Acquired 12/9/2014 [Member] | |||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
Number of OP Units Issued | shares | 50,620 | ||||||||||
Number of Stores | Property | 1 | ||||||||||
Value of OP units issued | $ 2,983 | ||||||||||
California, 20 Properties Acquired 2013-September [Member] | |||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
Number of OP Units Issued | shares | 1,448,108 | ||||||||||
Number of Stores | Property | 20 | ||||||||||
Value of OP units issued | $ 62,341 | ||||||||||
SmartStop Self Storage, Inc (SmartStop) [Member] | |||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
OP units issued value | $ 28,656 | ||||||||||
Value of OP units issued | $ 1,300,912 | ||||||||||
SmartStop Self Storage, Inc (SmartStop) [Member] | OP Units [Member] | |||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
Number of OP Units Issued | shares | 376,848 | ||||||||||
OP units issued value | $ 28,656 | ||||||||||
Operating Partnership [Member] | |||||||||||
Noncontrolling Interest in Operating Partnership [Line Items] | |||||||||||
Ownership interest held by entity (as a percent) | 92.90% | ||||||||||
Noncontrolling interest in operating partnership (as a percent) | 7.10% | ||||||||||
OP units outstanding | shares | 5,621,642 | ||||||||||
Number of units redeemed during the period | shares | 12,500 | 787,850 | 18,859 | ||||||||
Number of units redeemed for cash during the period | shares | 1,000 | 1,000 | |||||||||
Cash consideration paid on redemption of common OP units | $ 41 | $ 41 |
Other Noncontrolling Interests
Other Noncontrolling Interests - Additional Information (Detail) | Jun. 11, 2015USD ($)Property | Nov. 30, 2013USD ($)Store | May. 31, 2013USD ($)Store | Feb. 28, 2013USD ($)Store | Dec. 31, 2015JointVenture | Nov. 01, 2013Store |
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Cash paid for acquiring interest in a joint venture partner of a consolidated property | $ 1,292,000 | $ 950,000 | $ 200,000 | |||
Number of operating stores owned by consolidated joint venture | Store | 1 | |||||
Carrying amount of noncontrolling interest | $ 0 | $ 0 | ||||
Purchase of capital interest by entity in a joint venture partner of a consolidated property | 10.00% | 27.60% | 1.70% | |||
Purchase of profit interest by the entity in a joint venture partner of a consolidated property | 35.00% | 17.00% | ||||
Number of joint venture partners in a consolidated store in which ownership interest was acquired | Store | 1 | 1 | ||||
Ownership interest held by entity in joint venture partner of a consolidated stores prior to acquisition | 95.00% | |||||
Ownership interest held by entity in joint venture partner of a consolidated stores | 96.70% | |||||
HSRE-ESP IA, LLC (HSRE) [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Voting interests of third-party owners | 1.00% | |||||
Purchase of capital interest by entity in a joint venture partner of a consolidated property | 1.00% | |||||
Cash paid for acquiring interest in a joint venture partner of a consolidated property | $ 1,267,000 | |||||
Number of operating stores owned by consolidated joint venture | 19 | 19 | ||||
Carrying amount of noncontrolling interest | $ 0 | |||||
Other [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Number of consolidated joint ventures | JointVenture | 2 | |||||
Other [Member] | Minimum [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Voting interests of third-party owners | 17.50% | |||||
Other [Member] | Maximum [Member] | ||||||
Noncontrolling Interest in Operating Partnership [Line Items] | ||||||
Voting interests of third-party owners | 20.00% |
Stock-Based Compensation - Addi
Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Shares available for issuance under plans | 4,658,171 | ||
Weighted average fair value of stock options granted | $ 16.89 | $ 12.03 | $ 9.74 |
Weighted average forfeiture rate | 5.00% | ||
Net proceeds from exercise of stock options | $ 1,542 | $ 3,095 | $ 5,896 |
Stock Options [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period | 4 years | ||
Expiration period, minimum | 10 years | ||
Compensation expense recorded during the period in general and administrative expense | $ 510 | 456 | 536 |
Net proceeds from exercise of stock options | 1,542 | $ 3,095 | 5,896 |
Unrecognized compensation expense | $ 1,427 | ||
Weighted-average period for recognition of unrecognized compensation expense | 2 years 6 months 29 days | ||
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vesting period | 4 years | ||
Weighted average forfeiture rate | 10.20% | ||
Compensation expense recorded during the period in general and administrative expense | $ 5,545 | $ 4,528 | $ 4,283 |
Unrecognized compensation expense | $ 11,868 | ||
Weighted-average period for recognition of unrecognized compensation expense | 2 years 5 months 12 days |
Stock-Based Compensation - Summ
Stock-Based Compensation - Summary of Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||
Vested and Expected to Vest (in shares) | 562,672 | ||
Stock option activity | |||
Balance at the beginning of the period (in shares) | 568,727 | 754,624 | 1,097,092 |
Granted (in shares) | 89,575 | 31,000 | 49,075 |
Exercised (in shares) | (79,974) | (211,747) | (391,543) |
Forfeited (in shares) | (5,699) | (5,150) | |
Balance at the end of the period (in shares) | 572,629 | 568,727 | 754,624 |
Exercisable at the end of the period(in shares) | 429,348 | ||
Weighted average exercise price | |||
Balance at the beginning of the period (in dollars per share) | $ 16.62 | $ 15.01 | $ 13.89 |
Granted (in dollars per share) | 69.93 | 47.50 | 38.40 |
Exercised (in dollars per share) | 18.79 | 14.85 | 14.81 |
Forfeited (in dollars per share) | 39.83 | 28.28 | |
Balance at the end of the period (in dollars per share) | 24.42 | $ 16.62 | $ 15.01 |
Vested and Expected to Vest (in dollars per share) | 23.70 | ||
Exercisable at the end of the period (in dollars per share) | $ 13.16 | ||
Weighted average remaining contractual life | |||
Outstanding at the beginning of period | 4 years 10 months 13 days | ||
Vested and Expected to Vest | 4 years 9 months 15 days | ||
Exercisable at the end of period | 3 years 7 months 17 days | ||
Aggregate intrinsic value | |||
Outstanding at the end of the period | $ 36,525 | ||
Vested and Expected to Vest at the end of the period | 36,297 | ||
Exercisable at the end of the period | $ 32,222 |
Stock-Based Compensation - Sche
Stock-Based Compensation - Schedule of Weighted Average Assumptions Used to Estimate Fair Value of Granted Stock Options (Detail) | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||
Expected volatility (as a percent) | 38.00% | 40.00% | 42.00% |
Dividend yield (as a percent) | 4.00% | 4.00% | 4.00% |
Risk-free interest rate (as a percent) | 1.50% | 1.50% | 0.90% |
Average expected term | 5 years | 5 years | 5 years |
Stock-Based Compensation - S105
Stock-Based Compensation - Schedule of Stock Options Outstanding and Exercisable (Detail) | 12 Months Ended |
Dec. 31, 2015$ / sharesshares | |
Exercise Price $6.22 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options Outstanding, Shares | shares | 167,000 |
Options Exercisable, Shares | shares | 167,000 |
Exercise price range(in dollars per share) | $ 6.22 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 6.22 |
Options outstanding, Weighted Average Remaining Contractual Life | 3 years 1 month 17 days |
Exercise Price Range $11.59-$15.07 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $ 11.59 |
Exercise price range, upper limit (in dollars per share) | $ 15.07 |
Options Outstanding, Shares | shares | 182,410 |
Options Exercisable, Shares | shares | 182,410 |
Exercise price range(in dollars per share) | $ 13.28 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 13.28 |
Options outstanding, Weighted Average Remaining Contractual Life | 3 years 1 month 21 days |
Exercise Price Range $15.30-$47.50 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $ 15.30 |
Exercise price range, upper limit (in dollars per share) | $ 47.50 |
Options Outstanding, Shares | shares | 133,644 |
Options Exercisable, Shares | shares | 79,938 |
Exercise price range(in dollars per share) | $ 31.87 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 27.38 |
Options outstanding, Weighted Average Remaining Contractual Life | 6 years 4 months 13 days |
Exercise Price Range $65.36-$65.45 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $ 65.36 |
Exercise price range, upper limit (in dollars per share) | $ 65.45 |
Options Outstanding, Shares | shares | 39,575 |
Exercise price range(in dollars per share) | $ 65.40 |
Options outstanding, Weighted Average Remaining Contractual Life | 9 years 1 month 21 days |
Exercise Price $73.52 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Options Outstanding, Shares | shares | 50,000 |
Exercise price range(in dollars per share) | $ 73.52 |
Options outstanding, Weighted Average Remaining Contractual Life | 9 years 6 months 29 days |
Exercise Price Range $6.22-$73.52 [Member] | |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | |
Exercise price range, lower limit (in dollars per share) | $ 6.22 |
Exercise price range, upper limit (in dollars per share) | $ 73.52 |
Options Outstanding, Shares | shares | 572,629 |
Options Exercisable, Shares | shares | 429,348 |
Exercise price range(in dollars per share) | $ 24.42 |
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 13.16 |
Options outstanding, Weighted Average Remaining Contractual Life | 4 years 10 months 13 days |
Stock-Based Compensation - S106
Stock-Based Compensation - Summary of Company's Employee and Director Share Grant Activity (Detail) - Restricted Stock [Member] - $ / shares | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Restricted Stock Grants | |||
Balance at the beginning of the period (in shares) | 291,749 | 395,360 | 540,272 |
Granted (in shares) | 174,558 | 117,370 | 137,602 |
Released (in shares) | (129,808) | (197,386) | (259,191) |
Cancelled (in shares) | (18,090) | (23,595) | (23,323) |
Balance at the end of the period (in shares) | 318,409 | 291,749 | 395,360 |
Weighted-Average Grant-Date Fair | |||
Balance at the beginning of the period (in dollars per share) | $ 37.73 | $ 26.96 | $ 17.93 |
Granted (in dollars per share) | 69.18 | 49.25 | 39.51 |
Released (in dollars per share) | 34.86 | 23.07 | 15.11 |
Cancelled (in dollars per share) | 44.54 | 37.19 | 23.62 |
Balance at the end of the period (in dollars per share) | $ 55.75 | $ 37.73 | $ 26.96 |
Employee Benefit Plan - Additio
Employee Benefit Plan - Additional Information (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract] | |||
Employee contribution to retirement saving plan as a percentage of annual salary, maximum | 15.00% | ||
Matching contributions made by the entity during the period | $ 1,680 | $ 1,529 | $ 1,013 |
Percentage of company's matching contributions of first 3 percent of employee's compensation | 100.00% | ||
Percentage of employee's compensation that qualifies for 100 percent matching contribution by the company | 3.00% | ||
Maximum percentage of the company's matching contributions of next 2 percent of employee's compensation | 50.00% | ||
Percentage of employee's compensation that qualifies for 50 percent matching contribution by the company | 2.00% |
Income Taxes - Summarized State
Income Taxes - Summarized Statement of Components of Income Tax Provision (Detail) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | |
Income Tax Disclosure [Abstract] | ||||
Current expense, Federal | $ 3,736 | $ 6,020 | $ 9,572 | |
Tax credit/ True-up, Federal | 274 | (2,176) | (4,556) | |
Change in deferred benefit, Federal | 7,016 | 803 | 4,353 | |
Income tax expense, Federal | 11,026 | 4,647 | 9,369 | |
Current expense, Total | 5,376 | 7,394 | 10,187 | |
Current expense, State | 1,640 | 1,374 | $ 615 | |
Tax credit/ True-up, Total | 274 | (2,176) | (4,556) | |
Tax credit/ True-up, State | 0 | 0 | 0 | |
Change in deferred benefit, Total | 5,498 | 2,352 | 4,353 | |
Change in deferred benefit, State | (1,518) | 1,549 | ||
Total tax expense | $ 11,148 | 7,570 | 9,984 | |
Income tax expense, State | $ 122 | $ 2,923 | $ 615 |
Income Taxes - Schedule of Reco
Income Taxes - Schedule of Reconciliation of Statutory Income Tax Provisions to the Effective Income Tax Provisions (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | |||
Expected tax at statutory rate | $ 77,151 | $ 71,215 | |
Non-taxable REIT income | (67,084) | (64,402) | |
State and local tax expense-net of federal benefit | 1,249 | 1,109 | |
Change in valuation allowance | (624) | 1,663 | |
Tax Credits/True-up (WOTC & Solar) | 274 | (2,176) | |
Miscellaneous | 182 | 161 | |
Total tax expense | $ 11,148 | $ 7,570 | $ 9,984 |
Expected tax at statutory rate (as a percent) | 35.00% | 35.00% | |
Non-taxable REIT income (as a percent) | (30.40%) | (31.70%) | |
State and local tax expense - net of federal benefit (as a percent) | 0.60% | 0.60% | |
Change in valuation allowance (as a percent) | (0.30%) | 0.80% | |
Tax credits/True-up (WOTC & Solar) (as a percent) | 0.10% | (1.10%) | |
Miscellaneous (as a percent) | 0.10% | 0.10% | |
Total provision (as a percent) | 5.10% | 3.70% |
Income Taxes - Schedule of Majo
Income Taxes - Schedule of Major Sources of Temporary Differences Stated at their Deferred Tax Effects (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
Income Tax Disclosure [Abstract] | ||
Fixed Assets | $ (17,360) | $ (16,586) |
Other | (221) | (269) |
State Deferred Taxes | (1,523) | (1,576) |
Total Deferred Tax Liabilities | (19,104) | (18,431) |
Capitive Insurance Subsidiary | 429 | 447 |
Accrued liabilities | 2,633 | 1,232 |
Stock compensation | 1,346 | 1,176 |
Solar Credit | 2,167 | 9,342 |
Other | 309 | 840 |
SmartStop TRS | 1,085 | |
State Deferred Taxes | 6,016 | 6,260 |
Total Deferred Tax Assets | 13,985 | 19,297 |
Valuation Allowance | (5,609) | (6,233) |
Net deferred income tax liabilities | $ (10,728) | $ (5,367) |
Segment Information - Additiona
Segment Information - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2015Segments | |
Segment Reporting [Abstract] | |
Number of reportable segments | 3 |
Segment Information - Schedule
Segment Information - Schedule of Financial Information of Business Segments (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Segment Reporting Information [Line Items] | |||||||||||
Investment in unconsolidated real estate ventures | $ 103,007 | $ 85,711 | $ 103,007 | $ 85,711 | |||||||
Total assets | 6,071,407 | 4,381,987 | 6,071,407 | 4,381,987 | |||||||
Total revenues | 225,759 | $ 197,497 | $ 185,860 | $ 173,154 | 164,777 | $ 169,067 | $ 160,724 | $ 152,587 | 782,270 | 647,155 | $ 520,613 |
Operating expenses, including depreciation and amortization | 185,450 | 100,193 | 104,253 | 97,718 | 94,861 | 91,574 | 90,063 | 92,189 | 487,614 | 368,687 | 307,130 |
Income (loss) from operations | 40,309 | 97,304 | 81,607 | 75,436 | 69,916 | 77,493 | 70,661 | 60,398 | 294,656 | 278,468 | 213,483 |
Gain (loss) on real estate transactions and earnout from prior acquisitions | 1,501 | (10,285) | 960 | ||||||||
Interest income | 3,461 | 1,607 | 749 | ||||||||
Property casualty loss, net | (1,724) | ||||||||||
Loss on extinguishment of debt related to portfolio acquisition | (9,153) | ||||||||||
Interest expense | (95,682) | (81,330) | (71,630) | ||||||||
Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes | (3,310) | (2,683) | (1,404) | ||||||||
Interest income on note receivable from Preferred Operating Partnership unit holder | 4,850 | 4,850 | 4,850 | ||||||||
Equity in earnings of unconsolidated real estate ventures | 12,351 | 10,541 | 11,653 | ||||||||
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of partners' interests | 2,857 | 4,022 | 46,032 | ||||||||
Income tax (expense) benefit | 11,148 | 7,570 | 9,984 | ||||||||
Net income (loss) | 11,744 | $ 78,200 | $ 60,956 | $ 58,636 | 49,486 | $ 59,193 | $ 46,008 | $ 41,209 | 209,536 | 195,896 | 185,556 |
Depreciation and amortization expense | 133,457 | 115,076 | 95,232 | ||||||||
Acquisition of real estate assets | (349,897) | (503,538) | (349,959) | ||||||||
Development and redevelopment of real estate assets | (26,931) | (23,528) | (6,466) | ||||||||
Rental Operations [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Investment in unconsolidated real estate ventures | 103,007 | 85,711 | 103,007 | 85,711 | |||||||
Total assets | 5,674,030 | 4,089,553 | 5,674,030 | 4,089,553 | |||||||
Total revenues | 676,138 | 559,868 | 446,682 | ||||||||
Operating expenses, including depreciation and amortization | 328,380 | 279,497 | 229,229 | ||||||||
Income (loss) from operations | 347,758 | 280,371 | 217,453 | ||||||||
Property casualty loss, net | (1,724) | ||||||||||
Interest expense | (93,711) | (80,160) | (69,702) | ||||||||
Equity in earnings of unconsolidated real estate ventures | 12,351 | 10,541 | 11,653 | ||||||||
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of partners' interests | 2,857 | 4,022 | 46,032 | ||||||||
Income tax (expense) benefit | 1,729 | 1,157 | 149 | ||||||||
Net income (loss) | 267,526 | 213,617 | 205,287 | ||||||||
Depreciation and amortization expense | 124,415 | 107,081 | 89,217 | ||||||||
Tenant Reinsurance [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total assets | 37,696 | 39,383 | 37,696 | 39,383 | |||||||
Total revenues | 71,971 | 59,072 | 47,317 | ||||||||
Operating expenses, including depreciation and amortization | 13,033 | 10,427 | 9,022 | ||||||||
Income (loss) from operations | 58,938 | 48,645 | 38,295 | ||||||||
Interest income | 15 | 17 | 17 | ||||||||
Income tax (expense) benefit | 9,780 | 8,662 | 13,409 | ||||||||
Net income (loss) | 49,173 | 40,000 | 24,903 | ||||||||
Property Management Acquisition and Development [Member] | |||||||||||
Segment Reporting Information [Line Items] | |||||||||||
Total assets | $ 359,681 | $ 253,051 | 359,681 | 253,051 | |||||||
Total revenues | 34,161 | 28,215 | 26,614 | ||||||||
Operating expenses, including depreciation and amortization | 146,201 | 78,763 | 68,879 | ||||||||
Income (loss) from operations | (112,040) | (50,548) | (42,265) | ||||||||
Gain (loss) on real estate transactions and earnout from prior acquisitions | 1,501 | (10,285) | 960 | ||||||||
Interest income | 3,446 | 1,590 | 732 | ||||||||
Loss on extinguishment of debt related to portfolio acquisition | (9,153) | ||||||||||
Interest expense | (1,971) | (1,170) | (1,928) | ||||||||
Non-cash interest expense related to the amortization of discount on equity component of exchangeable senior notes | (3,310) | (2,683) | (1,404) | ||||||||
Interest income on note receivable from Preferred Operating Partnership unit holder | 4,850 | 4,850 | 4,850 | ||||||||
Income tax (expense) benefit | 361 | 2,249 | 3,574 | ||||||||
Net income (loss) | (107,163) | (57,721) | (44,634) | ||||||||
Depreciation and amortization expense | 9,042 | 7,995 | 6,015 | ||||||||
Acquisition of real estate assets | (1,550,750) | (503,538) | (349,959) | ||||||||
Development and redevelopment of real estate assets | $ (26,931) | $ (23,528) | $ (6,466) |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015USD ($)Facility | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
Commitments and Contingencies Disclosure [Abstract] | |||
Number of owned stores that have leases | Facility | 19 | ||
Litigation liabilities | $ 850 | ||
Expense related to ground leases | $ 3,858 | $ 3,406 | $ 3,032 |
Commitments and Contingencie114
Commitments and Contingencies - Schedule of Future Minimum Rental Payments Under Non-Cancelable Operating Lease (Detail) $ in Thousands | Dec. 31, 2015USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Less than 1 year | $ 5,655 |
Year 2 | 4,326 |
Year 3 | 3,479 |
Year 4 | 2,861 |
Year 5 | 2,808 |
Thereafter | 60,797 |
Total | $ 79,926 |
Supplementary Quarterly Fina115
Supplementary Quarterly Financial Data (Unaudited) - Schedule of Supplementary Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Quarterly Financial Data [Abstract] | |||||||||||
Revenues | $ 225,759 | $ 197,497 | $ 185,860 | $ 173,154 | $ 164,777 | $ 169,067 | $ 160,724 | $ 152,587 | $ 782,270 | $ 647,155 | $ 520,613 |
Cost of operations | 185,450 | 100,193 | 104,253 | 97,718 | 94,861 | 91,574 | 90,063 | 92,189 | 487,614 | 368,687 | 307,130 |
Revenues less cost of operations | 40,309 | 97,304 | 81,607 | 75,436 | 69,916 | 77,493 | 70,661 | 60,398 | 294,656 | 278,468 | 213,483 |
Net income | 11,744 | 78,200 | 60,956 | 58,636 | 49,486 | 59,193 | 46,008 | 41,209 | 209,536 | 195,896 | 185,556 |
Net income attributable to common stockholders | $ 8,675 | $ 71,718 | $ 55,339 | $ 53,742 | $ 45,122 | $ 54,228 | $ 41,665 | $ 37,340 | $ 189,474 | $ 178,355 | $ 172,076 |
Earnings per common share-basic | $ 0.07 | $ 0.58 | $ 0.47 | $ 0.46 | $ 0.39 | $ 0.47 | $ 0.36 | $ 0.32 | $ 1.58 | $ 1.54 | $ 1.54 |
Earnings per common share-diluted | $ 0.07 | $ 0.58 | $ 0.47 | $ 0.46 | $ 0.39 | $ 0.47 | $ 0.36 | $ 0.32 | $ 1.56 | $ 1.53 | $ 1.53 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) | Jun. 22, 2015USD ($) | Nov. 08, 2013USD ($) | Feb. 29, 2016USD ($)Store$ / sharesshares | Dec. 31, 2015USD ($)$ / sharesshares | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($)shares |
Subsequent Event [Line Items] | ||||||
Cash portion of payment for acquisition | $ 1,663,318,000 | $ 563,670,000 | ||||
Share price | $ / shares | $ 88.21 | |||||
Proceed from sale of share | $ 416,611,000 | $ 205,988,000 | $ 446,877,000 | $ 205,988,000 | ||
Par Value [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Shares issued | shares | 6,735,000 | 4,500,000 | ||||
Subsequent Event [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Number of self-storage facilities (stores) acquired | Store | 16 | |||||
Cash portion of payment for acquisition | $ 144,573,000 | |||||
Proceed from sale of share | 73,785 | |||||
Principal amount of repurchased notes | $ 19,639,000 | |||||
Subsequent Event [Member] | Par Value [Member] | ||||||
Subsequent Event [Line Items] | ||||||
Shares issued | shares | 831,300 | |||||
Share price | $ / shares | $ 89.66 | |||||
Shares issued for value of notes in excess of principal amount | shares | 130,909 |
Schedule III - Real Estate a117
Schedule III - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands | Dec. 31, 2015 | Dec. 31, 2014 |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | $ 2,774,378 | |
Land - initial cost | 1,402,731 | |
Building and improvements - initial cost | 4,654,170 | |
Adjustments and costs subsequent to acquisition | 360,495 | |
Gross carrying amount - Land | 1,401,322 | |
Gross carrying amount - Building and improvements | 5,016,074 | |
Gross carrying amount - Total | 6,392,487 | $ 4,722,162 |
Accumulated depreciation | 728,087 | $ 604,336 |
Gross carrying amount including construction in progress | 6,417,396 | |
Auburn / Dean Rd [Member] | ALABAMA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,605 | |
Land - initial cost | 324 | |
Building and improvements - initial cost | 1,895 | |
Adjustments and costs subsequent to acquisition | 135 | |
Gross carrying amount - Land | 325 | |
Gross carrying amount - Building and improvements | 2,029 | |
Gross carrying amount - Total | 2,354 | |
Accumulated depreciation | 336 | |
Auburn / Opelika Rd [Member] | ALABAMA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,787 | |
Land - initial cost | 92 | |
Building and improvements - initial cost | 138 | |
Adjustments and costs subsequent to acquisition | 177 | |
Gross carrying amount - Land | 92 | |
Gross carrying amount - Building and improvements | 315 | |
Gross carrying amount - Total | 407 | |
Accumulated depreciation | 101 | |
Birmingham / Grace Baker Rd [Member] | ALABAMA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,506 | |
Land - initial cost | 790 | |
Building and improvements - initial cost | 9,369 | |
Adjustments and costs subsequent to acquisition | 148 | |
Gross carrying amount - Land | 790 | |
Gross carrying amount - Building and improvements | 9,517 | |
Gross carrying amount - Total | 10,307 | |
Accumulated depreciation | 850 | |
Birmingham / Lorna Rd [Member] | ALABAMA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,382 | |
Land - initial cost | 2,381 | |
Building and improvements - initial cost | 11,224 | |
Adjustments and costs subsequent to acquisition | 105 | |
Gross carrying amount - Land | 2,381 | |
Gross carrying amount - Building and improvements | 11,329 | |
Gross carrying amount - Total | 13,710 | |
Accumulated depreciation | 523 | |
Daphne [Member] | ALABAMA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 970 | |
Building and improvements - initial cost | 4,182 | |
Adjustments and costs subsequent to acquisition | 28 | |
Gross carrying amount - Land | 970 | |
Gross carrying amount - Building and improvements | 4,210 | |
Gross carrying amount - Total | 5,180 | |
Accumulated depreciation | 27 | |
Hoover [Member] | ALABAMA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,055 | |
Land - initial cost | 1,313 | |
Building and improvements - initial cost | 2,858 | |
Adjustments and costs subsequent to acquisition | 701 | |
Gross carrying amount - Land | 1,313 | |
Gross carrying amount - Building and improvements | 3,559 | |
Gross carrying amount - Total | 4,872 | |
Accumulated depreciation | 1,159 | |
Montgomery Carmichael Rd [Member] | ALABAMA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,852 | |
Land - initial cost | 540 | |
Building and improvements - initial cost | 9,048 | |
Adjustments and costs subsequent to acquisition | 2 | |
Gross carrying amount - Land | 540 | |
Gross carrying amount - Building and improvements | 9,050 | |
Gross carrying amount - Total | 9,590 | |
Accumulated depreciation | 58 | |
Montgomery / Monticello Dr [Member] | ALABAMA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,280 | |
Building and improvements - initial cost | 4,056 | |
Adjustments and costs subsequent to acquisition | 31 | |
Gross carrying amount - Land | 1,280 | |
Gross carrying amount - Building and improvements | 4,087 | |
Gross carrying amount - Total | 5,367 | |
Accumulated depreciation | 26 | |
Chandler / W Chandler Blvd [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 950 | |
Building and improvements - initial cost | 3,707 | |
Adjustments and costs subsequent to acquisition | 16 | |
Gross carrying amount - Land | 950 | |
Gross carrying amount - Building and improvements | 3,723 | |
Gross carrying amount - Total | 4,673 | |
Accumulated depreciation | 24 | |
Chandler / W Elliot Rd [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,169 | |
Land - initial cost | 547 | |
Building and improvements - initial cost | 4,213 | |
Adjustments and costs subsequent to acquisition | 194 | |
Gross carrying amount - Land | 547 | |
Gross carrying amount - Building and improvements | 4,407 | |
Gross carrying amount - Total | 4,954 | |
Accumulated depreciation | 305 | |
Glendale [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 608 | |
Building and improvements - initial cost | 8,461 | |
Adjustments and costs subsequent to acquisition | 241 | |
Gross carrying amount - Land | 608 | |
Gross carrying amount - Building and improvements | 8,702 | |
Gross carrying amount - Total | 9,310 | |
Accumulated depreciation | 160 | |
Glendale [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 6,084 | |
Adjustments and costs subsequent to acquisition | 253 | |
Gross carrying amount - Building and improvements | 6,337 | |
Gross carrying amount - Total | 6,337 | |
Accumulated depreciation | 1,984 | |
Mesa / E Guadalupe Rd [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,350 | |
Building and improvements - initial cost | 6,290 | |
Adjustments and costs subsequent to acquisition | 105 | |
Gross carrying amount - Land | 1,350 | |
Gross carrying amount - Building and improvements | 6,395 | |
Gross carrying amount - Total | 7,745 | |
Accumulated depreciation | 41 | |
Mesa / E Southern Ave [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,435 | |
Land - initial cost | 2,973 | |
Building and improvements - initial cost | 5,545 | |
Adjustments and costs subsequent to acquisition | 343 | |
Gross carrying amount - Land | 2,973 | |
Gross carrying amount - Building and improvements | 5,888 | |
Gross carrying amount - Total | 8,861 | |
Accumulated depreciation | 482 | |
Mesa / Madero Ave [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,153 | |
Land - initial cost | 849 | |
Building and improvements - initial cost | 2,547 | |
Adjustments and costs subsequent to acquisition | 222 | |
Gross carrying amount - Land | 849 | |
Gross carrying amount - Building and improvements | 2,769 | |
Gross carrying amount - Total | 3,618 | |
Accumulated depreciation | 874 | |
Mesa / N-. Alma School Rd [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,073 | |
Land - initial cost | 1,129 | |
Building and improvements - initial cost | 4,402 | |
Adjustments and costs subsequent to acquisition | 99 | |
Gross carrying amount - Land | 1,129 | |
Gross carrying amount - Building and improvements | 4,501 | |
Gross carrying amount - Total | 5,630 | |
Accumulated depreciation | 408 | |
Mesa / Southern Ave [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,113 | |
Land - initial cost | 1,453 | |
Building and improvements - initial cost | 2,897 | |
Adjustments and costs subsequent to acquisition | 166 | |
Gross carrying amount - Land | 1,453 | |
Gross carrying amount - Building and improvements | 3,063 | |
Gross carrying amount - Total | 4,516 | |
Accumulated depreciation | 207 | |
Peoria Seventy Fifth Ave [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,459 | |
Land - initial cost | 652 | |
Building and improvements - initial cost | 4,105 | |
Adjustments and costs subsequent to acquisition | 162 | |
Gross carrying amount - Land | 652 | |
Gross carrying amount - Building and improvements | 4,267 | |
Gross carrying amount - Total | 4,919 | |
Accumulated depreciation | 1,099 | |
Peoria / W Beardsley Rd [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,060 | |
Building and improvements - initial cost | 4,731 | |
Adjustments and costs subsequent to acquisition | 34 | |
Gross carrying amount - Land | 1,060 | |
Gross carrying amount - Building and improvements | 4,765 | |
Gross carrying amount - Total | 5,825 | |
Accumulated depreciation | 615 | |
Phoenix / E Greenway Pkwy [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 669 | |
Building and improvements - initial cost | 4,135 | |
Adjustments and costs subsequent to acquisition | 485 | |
Gross carrying amount - Land | 668 | |
Gross carrying amount - Building and improvements | 4,621 | |
Gross carrying amount - Total | 5,289 | |
Accumulated depreciation | 1,135 | |
Phoenix / East Bell Rd [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,441 | |
Building and improvements - initial cost | 7,982 | |
Adjustments and costs subsequent to acquisition | 699 | |
Gross carrying amount - Land | 1,441 | |
Gross carrying amount - Building and improvements | 8,681 | |
Gross carrying amount - Total | 10,122 | |
Accumulated depreciation | 2,590 | |
Phoenix / Missouri Ave [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 470 | |
Building and improvements - initial cost | 1,702 | |
Adjustments and costs subsequent to acquisition | 9 | |
Gross carrying amount - Land | 470 | |
Gross carrying amount - Building and improvements | 1,711 | |
Gross carrying amount - Total | 2,181 | |
Accumulated depreciation | 11 | |
Phoenix / N- 32nd St [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,897 | |
Land - initial cost | 2,257 | |
Building and improvements - initial cost | 7,820 | |
Adjustments and costs subsequent to acquisition | 198 | |
Gross carrying amount - Land | 2,257 | |
Gross carrying amount - Building and improvements | 8,018 | |
Gross carrying amount - Total | 10,275 | |
Accumulated depreciation | 656 | |
Phoenix N- Cave Creek Rd [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,265 | |
Land - initial cost | 552 | |
Building and improvements - initial cost | 3,530 | |
Adjustments and costs subsequent to acquisition | 273 | |
Gross carrying amount - Land | 551 | |
Gross carrying amount - Building and improvements | 3,804 | |
Gross carrying amount - Total | 4,355 | |
Accumulated depreciation | 1,035 | |
Phoenix / Washington [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,995 | |
Land - initial cost | 1,200 | |
Building and improvements - initial cost | 3,767 | |
Adjustments and costs subsequent to acquisition | 58 | |
Gross carrying amount - Land | 1,200 | |
Gross carrying amount - Building and improvements | 3,825 | |
Gross carrying amount - Total | 5,025 | |
Accumulated depreciation | 24 | |
Tempe / S Priest Dr [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 850 | |
Building and improvements - initial cost | 3,283 | |
Adjustments and costs subsequent to acquisition | 21 | |
Gross carrying amount - Land | 850 | |
Gross carrying amount - Building and improvements | 3,304 | |
Gross carrying amount - Total | 4,154 | |
Accumulated depreciation | 21 | |
Tempe / W Broadway Rd [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,566 | |
Land - initial cost | 1,040 | |
Building and improvements - initial cost | 3,562 | |
Adjustments and costs subsequent to acquisition | 94 | |
Gross carrying amount - Land | 1,040 | |
Gross carrying amount - Building and improvements | 3,656 | |
Gross carrying amount - Total | 4,696 | |
Accumulated depreciation | 24 | |
Tucson [Member] | ARIZONA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,090 | |
Building and improvements - initial cost | 7,845 | |
Adjustments and costs subsequent to acquisition | 115 | |
Gross carrying amount - Land | 1,090 | |
Gross carrying amount - Building and improvements | 7,960 | |
Gross carrying amount - Total | 9,050 | |
Accumulated depreciation | 648 | |
Alameda [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,919 | |
Building and improvements - initial cost | 12,984 | |
Adjustments and costs subsequent to acquisition | 2,123 | |
Gross carrying amount - Land | 2,919 | |
Gross carrying amount - Building and improvements | 15,107 | |
Gross carrying amount - Total | 18,026 | |
Accumulated depreciation | 4,103 | |
Alhambra [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 10,109 | |
Building and improvements - initial cost | 6,065 | |
Adjustments and costs subsequent to acquisition | 351 | |
Gross carrying amount - Land | 10,109 | |
Gross carrying amount - Building and improvements | 6,416 | |
Gross carrying amount - Total | 16,525 | |
Accumulated depreciation | 400 | |
Anaheim / Old Canal Rd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,216 | |
Land - initial cost | 2,765 | |
Building and improvements - initial cost | 12,680 | |
Adjustments and costs subsequent to acquisition | 158 | |
Gross carrying amount - Land | 2,765 | |
Gross carrying amount - Building and improvements | 12,838 | |
Gross carrying amount - Total | 15,603 | |
Accumulated depreciation | 572 | |
Anaheim / S Adams St [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,156 | |
Land - initial cost | 3,593 | |
Building and improvements - initial cost | 3,330 | |
Adjustments and costs subsequent to acquisition | 224 | |
Gross carrying amount - Land | 3,593 | |
Gross carrying amount - Building and improvements | 3,554 | |
Gross carrying amount - Total | 7,147 | |
Accumulated depreciation | 238 | |
Anaheim / S State College Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,538 | |
Land - initial cost | 2,519 | |
Building and improvements - initial cost | 2,886 | |
Adjustments and costs subsequent to acquisition | 215 | |
Gross carrying amount - Land | 2,519 | |
Gross carrying amount - Building and improvements | 3,101 | |
Gross carrying amount - Total | 5,620 | |
Accumulated depreciation | 209 | |
Antelope [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,000 | |
Land - initial cost | 1,525 | |
Building and improvements - initial cost | 8,345 | |
Gross carrying amount - Land | 1,185 | |
Gross carrying amount - Building and improvements | 8,418 | |
Gross carrying amount - Total | 9,603 | |
Accumulated depreciation | 1,589 | |
Antelope [Member] | California [Member] | Adjustment For Partial Disposition of Land [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (267) | |
Bellflower [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,230 | |
Land - initial cost | 640 | |
Building and improvements - initial cost | 1,350 | |
Adjustments and costs subsequent to acquisition | 98 | |
Gross carrying amount - Land | 639 | |
Gross carrying amount - Building and improvements | 1,449 | |
Gross carrying amount - Total | 2,088 | |
Accumulated depreciation | 167 | |
Belmont [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,500 | |
Building and improvements - initial cost | 7,280 | |
Adjustments and costs subsequent to acquisition | 81 | |
Gross carrying amount - Land | 3,500 | |
Gross carrying amount - Building and improvements | 7,361 | |
Gross carrying amount - Total | 10,861 | |
Accumulated depreciation | 1,602 | |
Berkeley [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 20,811 | |
Land - initial cost | 1,716 | |
Building and improvements - initial cost | 19,602 | |
Adjustments and costs subsequent to acquisition | 1,998 | |
Gross carrying amount - Land | 1,715 | |
Gross carrying amount - Building and improvements | 21,601 | |
Gross carrying amount - Total | 23,316 | |
Accumulated depreciation | 5,142 | |
Bloomington / Bloomington Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,765 | |
Land - initial cost | 934 | |
Building and improvements - initial cost | 1,937 | |
Adjustments and costs subsequent to acquisition | 171 | |
Gross carrying amount - Land | 934 | |
Gross carrying amount - Building and improvements | 2,108 | |
Gross carrying amount - Total | 3,042 | |
Accumulated depreciation | 304 | |
Bloomington / Linden Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 647 | |
Building and improvements - initial cost | 1,303 | |
Adjustments and costs subsequent to acquisition | 186 | |
Gross carrying amount - Land | 647 | |
Gross carrying amount - Building and improvements | 1,489 | |
Gross carrying amount - Total | 2,136 | |
Accumulated depreciation | 205 | |
Burbank / Thornton Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 4,061 | |
Building and improvements - initial cost | 5,318 | |
Adjustments and costs subsequent to acquisition | 289 | |
Gross carrying amount - Land | 4,061 | |
Gross carrying amount - Building and improvements | 5,607 | |
Gross carrying amount - Total | 9,668 | |
Accumulated depreciation | 360 | |
Burbank / W- Verdugo Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 13,003 | |
Land - initial cost | 3,199 | |
Building and improvements - initial cost | 5,082 | |
Adjustments and costs subsequent to acquisition | 2,027 | |
Gross carrying amount - Land | 3,619 | |
Gross carrying amount - Building and improvements | 6,689 | |
Gross carrying amount - Total | 10,308 | |
Accumulated depreciation | 2,676 | |
Burlingame [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,213 | |
Land - initial cost | 2,211 | |
Building and improvements - initial cost | 5,829 | |
Adjustments and costs subsequent to acquisition | 142 | |
Gross carrying amount - Land | 2,211 | |
Gross carrying amount - Building and improvements | 5,971 | |
Gross carrying amount - Total | 8,182 | |
Accumulated depreciation | 753 | |
Carson [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 9,709 | |
Adjustments and costs subsequent to acquisition | 102 | |
Gross carrying amount - Building and improvements | 9,811 | |
Gross carrying amount - Total | 9,811 | |
Accumulated depreciation | 1,215 | |
Castro Valley [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 6,346 | |
Adjustments and costs subsequent to acquisition | 455 | |
Gross carrying amount - Building and improvements | 6,801 | |
Gross carrying amount - Total | 6,801 | |
Accumulated depreciation | 1,504 | |
Cerritos [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 16,707 | |
Land - initial cost | 8,728 | |
Building and improvements - initial cost | 15,895 | |
Adjustments and costs subsequent to acquisition | 2,685 | |
Gross carrying amount - Land | 8,728 | |
Gross carrying amount - Building and improvements | 18,580 | |
Gross carrying amount - Total | 27,308 | |
Accumulated depreciation | 1,951 | |
Chatsworth [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 9,922 | |
Building and improvements - initial cost | 7,599 | |
Adjustments and costs subsequent to acquisition | 408 | |
Gross carrying amount - Land | 9,922 | |
Gross carrying amount - Building and improvements | 8,007 | |
Gross carrying amount - Total | 17,929 | |
Accumulated depreciation | 1,317 | |
Claremont / South Mills Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,949 | |
Land - initial cost | 1,472 | |
Building and improvements - initial cost | 2,012 | |
Adjustments and costs subsequent to acquisition | 273 | |
Gross carrying amount - Land | 1,472 | |
Gross carrying amount - Building and improvements | 2,285 | |
Gross carrying amount - Total | 3,757 | |
Accumulated depreciation | 762 | |
Claremont / W Arrow Hwy [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,415 | |
Land - initial cost | 1,375 | |
Building and improvements - initial cost | 1,434 | |
Adjustments and costs subsequent to acquisition | 212 | |
Gross carrying amount - Land | 1,375 | |
Gross carrying amount - Building and improvements | 1,646 | |
Gross carrying amount - Total | 3,021 | |
Accumulated depreciation | 206 | |
Colma [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 23,788 | |
Land - initial cost | 3,947 | |
Building and improvements - initial cost | 22,002 | |
Adjustments and costs subsequent to acquisition | 2,340 | |
Gross carrying amount - Land | 3,947 | |
Gross carrying amount - Building and improvements | 24,342 | |
Gross carrying amount - Total | 28,289 | |
Accumulated depreciation | 6,005 | |
Compton [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,572 | |
Land - initial cost | 1,426 | |
Building and improvements - initial cost | 7,582 | |
Adjustments and costs subsequent to acquisition | 57 | |
Gross carrying amount - Land | 1,426 | |
Gross carrying amount - Building and improvements | 7,639 | |
Gross carrying amount - Total | 9,065 | |
Accumulated depreciation | 1,442 | |
Concord [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,226 | |
Land - initial cost | 3,082 | |
Building and improvements - initial cost | 2,822 | |
Adjustments and costs subsequent to acquisition | 249 | |
Gross carrying amount - Land | 3,082 | |
Gross carrying amount - Building and improvements | 3,071 | |
Gross carrying amount - Total | 6,153 | |
Accumulated depreciation | 194 | |
Concord [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 770 | |
Building and improvements - initial cost | 4,873 | |
Adjustments and costs subsequent to acquisition | 27 | |
Gross carrying amount - Land | 770 | |
Gross carrying amount - Building and improvements | 4,900 | |
Gross carrying amount - Total | 5,670 | |
Accumulated depreciation | 31 | |
El Cajon [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,100 | |
Building and improvements - initial cost | 6,380 | |
Adjustments and costs subsequent to acquisition | 108 | |
Gross carrying amount - Land | 1,100 | |
Gross carrying amount - Building and improvements | 6,488 | |
Gross carrying amount - Total | 7,588 | |
Accumulated depreciation | 1,050 | |
El Sobrante [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,209 | |
Building and improvements - initial cost | 4,018 | |
Adjustments and costs subsequent to acquisition | 1,562 | |
Gross carrying amount - Land | 1,209 | |
Gross carrying amount - Building and improvements | 5,580 | |
Gross carrying amount - Total | 6,789 | |
Accumulated depreciation | 1,565 | |
Elk Grove / Power Inn Rd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,657 | |
Land - initial cost | 894 | |
Building and improvements - initial cost | 6,949 | |
Adjustments and costs subsequent to acquisition | 83 | |
Gross carrying amount - Land | 894 | |
Gross carrying amount - Building and improvements | 7,032 | |
Gross carrying amount - Total | 7,926 | |
Accumulated depreciation | 371 | |
Elk Grove / Stockton Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,675 | |
Land - initial cost | 640 | |
Building and improvements - initial cost | 8,640 | |
Adjustments and costs subsequent to acquisition | 57 | |
Gross carrying amount - Land | 640 | |
Gross carrying amount - Building and improvements | 8,697 | |
Gross carrying amount - Total | 9,337 | |
Accumulated depreciation | 458 | |
Emeryville [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,024 | |
Building and improvements - initial cost | 11,321 | |
Adjustments and costs subsequent to acquisition | 171 | |
Gross carrying amount - Land | 3,024 | |
Gross carrying amount - Building and improvements | 11,492 | |
Gross carrying amount - Total | 14,516 | |
Accumulated depreciation | 1,669 | |
Fair Oaks [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,209 | |
Land - initial cost | 644 | |
Building and improvements - initial cost | 11,287 | |
Adjustments and costs subsequent to acquisition | 63 | |
Gross carrying amount - Land | 644 | |
Gross carrying amount - Building and improvements | 11,350 | |
Gross carrying amount - Total | 11,994 | |
Accumulated depreciation | 592 | |
Fontana / Baseline Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,774 | |
Land - initial cost | 778 | |
Building and improvements - initial cost | 4,723 | |
Adjustments and costs subsequent to acquisition | 134 | |
Gross carrying amount - Land | 777 | |
Gross carrying amount - Building and improvements | 4,858 | |
Gross carrying amount - Total | 5,635 | |
Accumulated depreciation | 569 | |
Fontana / Foothill Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 768 | |
Building and improvements - initial cost | 4,208 | |
Adjustments and costs subsequent to acquisition | 226 | |
Gross carrying amount - Land | 768 | |
Gross carrying amount - Building and improvements | 4,434 | |
Gross carrying amount - Total | 5,202 | |
Accumulated depreciation | 513 | |
Fontana / Foothill Blvd 2 [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 684 | |
Building and improvements - initial cost | 3,951 | |
Adjustments and costs subsequent to acquisition | 241 | |
Gross carrying amount - Land | 684 | |
Gross carrying amount - Building and improvements | 4,192 | |
Gross carrying amount - Total | 4,876 | |
Accumulated depreciation | 486 | |
Fontana / Valley Blvd 1 [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,095 | |
Land - initial cost | 961 | |
Building and improvements - initial cost | 3,846 | |
Adjustments and costs subsequent to acquisition | 456 | |
Gross carrying amount - Land | 1,000 | |
Gross carrying amount - Building and improvements | 4,263 | |
Gross carrying amount - Total | 5,263 | |
Accumulated depreciation | 1,514 | |
Fontana / Valley Blvd 2 [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,524 | |
Land - initial cost | 1,246 | |
Building and improvements - initial cost | 3,356 | |
Adjustments and costs subsequent to acquisition | 515 | |
Gross carrying amount - Land | 1,300 | |
Gross carrying amount - Building and improvements | 3,817 | |
Gross carrying amount - Total | 5,117 | |
Accumulated depreciation | 1,240 | |
Gardena [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,710 | |
Building and improvements - initial cost | 6,271 | |
Adjustments and costs subsequent to acquisition | 2,263 | |
Gross carrying amount - Land | 4,110 | |
Gross carrying amount - Building and improvements | 8,134 | |
Gross carrying amount - Total | 12,244 | |
Accumulated depreciation | 2,363 | |
Gilroy [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,207 | |
Land - initial cost | 1,140 | |
Building and improvements - initial cost | 14,265 | |
Adjustments and costs subsequent to acquisition | 126 | |
Gross carrying amount - Land | 1,140 | |
Gross carrying amount - Building and improvements | 14,391 | |
Gross carrying amount - Total | 15,531 | |
Accumulated depreciation | 92 | |
Hawaiian Gardens [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,178 | |
Land - initial cost | 2,964 | |
Building and improvements - initial cost | 12,478 | |
Adjustments and costs subsequent to acquisition | 209 | |
Gross carrying amount - Land | 2,964 | |
Gross carrying amount - Building and improvements | 12,687 | |
Gross carrying amount - Total | 15,651 | |
Accumulated depreciation | 1,196 | |
Hawthorne / La Cienega Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,981 | |
Land - initial cost | 2,500 | |
Building and improvements - initial cost | 18,562 | |
Adjustments and costs subsequent to acquisition | 75 | |
Gross carrying amount - Land | 2,500 | |
Gross carrying amount - Building and improvements | 18,637 | |
Gross carrying amount - Total | 21,137 | |
Accumulated depreciation | 120 | |
Hawthorne / Rosselle Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,743 | |
Land - initial cost | 1,532 | |
Building and improvements - initial cost | 3,871 | |
Adjustments and costs subsequent to acquisition | 267 | |
Gross carrying amount - Land | 1,532 | |
Gross carrying amount - Building and improvements | 4,138 | |
Gross carrying amount - Total | 5,670 | |
Accumulated depreciation | 1,339 | |
Hayward [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,329 | |
Land - initial cost | 3,149 | |
Building and improvements - initial cost | 8,006 | |
Adjustments and costs subsequent to acquisition | 3,148 | |
Gross carrying amount - Land | 3,148 | |
Gross carrying amount - Building and improvements | 11,155 | |
Gross carrying amount - Total | 14,303 | |
Accumulated depreciation | 3,020 | |
Hemet [Member]] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,085 | |
Land - initial cost | 1,146 | |
Building and improvements - initial cost | 6,369 | |
Adjustments and costs subsequent to acquisition | 350 | |
Gross carrying amount - Land | 1,146 | |
Gross carrying amount - Building and improvements | 6,719 | |
Gross carrying amount - Total | 7,865 | |
Accumulated depreciation | 1,937 | |
Hesperia [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 156 | |
Building and improvements - initial cost | 430 | |
Adjustments and costs subsequent to acquisition | 174 | |
Gross carrying amount - Land | 156 | |
Gross carrying amount - Building and improvements | 604 | |
Gross carrying amount - Total | 760 | |
Accumulated depreciation | 110 | |
Hollywood [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,793 | |
Land - initial cost | 4,555 | |
Building and improvements - initial cost | 10,590 | |
Adjustments and costs subsequent to acquisition | 112 | |
Gross carrying amount - Land | 4,555 | |
Gross carrying amount - Building and improvements | 10,702 | |
Gross carrying amount - Total | 15,257 | |
Accumulated depreciation | 962 | |
Hollywood [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,616 | |
Land - initial cost | 3,214 | |
Building and improvements - initial cost | 8,689 | |
Adjustments and costs subsequent to acquisition | 366 | |
Gross carrying amount - Land | 3,214 | |
Gross carrying amount - Building and improvements | 9,055 | |
Gross carrying amount - Total | 12,269 | |
Accumulated depreciation | 2,017 | |
Inglewood [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,638 | |
Land - initial cost | 1,379 | |
Building and improvements - initial cost | 3,343 | |
Adjustments and costs subsequent to acquisition | 974 | |
Gross carrying amount - Land | 1,530 | |
Gross carrying amount - Building and improvements | 4,166 | |
Gross carrying amount - Total | 5,696 | |
Accumulated depreciation | 1,805 | |
Irvine [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,919 | |
Land - initial cost | 3,821 | |
Building and improvements - initial cost | 3,999 | |
Adjustments and costs subsequent to acquisition | 142 | |
Gross carrying amount - Land | 3,821 | |
Gross carrying amount - Building and improvements | 4,141 | |
Gross carrying amount - Total | 7,962 | |
Accumulated depreciation | 472 | |
La Quinta [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 13,025 | |
Land - initial cost | 4,706 | |
Building and improvements - initial cost | 12,604 | |
Adjustments and costs subsequent to acquisition | 145 | |
Gross carrying amount - Land | 4,706 | |
Gross carrying amount - Building and improvements | 12,749 | |
Gross carrying amount - Total | 17,455 | |
Accumulated depreciation | 545 | |
Ladera Ranch [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 6,440 | |
Building and improvements - initial cost | 24,500 | |
Adjustments and costs subsequent to acquisition | 15 | |
Gross carrying amount - Land | 6,440 | |
Gross carrying amount - Building and improvements | 24,515 | |
Gross carrying amount - Total | 30,955 | |
Accumulated depreciation | 157 | |
Lake Elsinore / Central Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,134 | |
Land - initial cost | 587 | |
Building and improvements - initial cost | 4,219 | |
Adjustments and costs subsequent to acquisition | 229 | |
Gross carrying amount - Land | 587 | |
Gross carrying amount - Building and improvements | 4,448 | |
Gross carrying amount - Total | 5,035 | |
Accumulated depreciation | 513 | |
Lake Elsinore / Collier Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 294 | |
Building and improvements - initial cost | 2,105 | |
Adjustments and costs subsequent to acquisition | 104 | |
Gross carrying amount - Land | 294 | |
Gross carrying amount - Building and improvements | 2,209 | |
Gross carrying amount - Total | 2,503 | |
Accumulated depreciation | 261 | |
Lake Forest [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 17,974 | |
Land - initial cost | 15,093 | |
Building and improvements - initial cost | 18,895 | |
Adjustments and costs subsequent to acquisition | 37 | |
Gross carrying amount - Land | 15,093 | |
Gross carrying amount - Building and improvements | 18,932 | |
Gross carrying amount - Total | 34,025 | |
Accumulated depreciation | 121 | |
Lancaster / 23rd St W [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,425 | |
Building and improvements - initial cost | 5,855 | |
Adjustments and costs subsequent to acquisition | 102 | |
Gross carrying amount - Land | 1,425 | |
Gross carrying amount - Building and improvements | 5,957 | |
Gross carrying amount - Total | 7,382 | |
Accumulated depreciation | 944 | |
Lancaster / West Ave J-8 [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,543 | |
Land - initial cost | 1,347 | |
Building and improvements - initial cost | 5,827 | |
Adjustments and costs subsequent to acquisition | 303 | |
Gross carrying amount - Land | 1,348 | |
Gross carrying amount - Building and improvements | 6,129 | |
Gross carrying amount - Total | 7,477 | |
Accumulated depreciation | 1,605 | |
Livermore [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,134 | |
Building and improvements - initial cost | 4,615 | |
Adjustments and costs subsequent to acquisition | 276 | |
Gross carrying amount - Land | 1,134 | |
Gross carrying amount - Building and improvements | 4,891 | |
Gross carrying amount - Total | 6,025 | |
Accumulated depreciation | 1,531 | |
Long Beach / E Artesia Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,659 | |
Land - initial cost | 1,772 | |
Building and improvements - initial cost | 2,539 | |
Adjustments and costs subsequent to acquisition | 300 | |
Gross carrying amount - Land | 1,772 | |
Gross carrying amount - Building and improvements | 2,839 | |
Gross carrying amount - Total | 4,611 | |
Accumulated depreciation | 332 | |
Long Beach / E Wardlow Rd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 13,179 | |
Land - initial cost | 6,340 | |
Building and improvements - initial cost | 17,050 | |
Adjustments and costs subsequent to acquisition | 23 | |
Gross carrying amount - Land | 6,340 | |
Gross carrying amount - Building and improvements | 17,073 | |
Gross carrying amount - Total | 23,413 | |
Accumulated depreciation | 109 | |
Long Beach / W Wardlow Rd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 5,859 | |
Building and improvements - initial cost | 4,992 | |
Adjustments and costs subsequent to acquisition | 45 | |
Gross carrying amount - Land | 5,859 | |
Gross carrying amount - Building and improvements | 5,037 | |
Gross carrying amount - Total | 10,896 | |
Accumulated depreciation | 913 | |
Los Angeles / Casitas Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,661 | |
Land - initial cost | 1,431 | |
Building and improvements - initial cost | 2,976 | |
Adjustments and costs subsequent to acquisition | 766 | |
Gross carrying amount - Land | 1,611 | |
Gross carrying amount - Building and improvements | 3,562 | |
Gross carrying amount - Total | 5,173 | |
Accumulated depreciation | 1,464 | |
Los Angeles / Fountain Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,994 | |
Land - initial cost | 3,099 | |
Building and improvements - initial cost | 4,889 | |
Adjustments and costs subsequent to acquisition | 104 | |
Gross carrying amount - Land | 3,099 | |
Gross carrying amount - Building and improvements | 4,993 | |
Gross carrying amount - Total | 8,092 | |
Accumulated depreciation | 458 | |
Los Angeles / La Cienega [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,887 | |
Land - initial cost | 3,991 | |
Building and improvements - initial cost | 9,774 | |
Adjustments and costs subsequent to acquisition | 116 | |
Gross carrying amount - Land | 3,992 | |
Gross carrying amount - Building and improvements | 9,889 | |
Gross carrying amount - Total | 13,881 | |
Accumulated depreciation | 2,049 | |
Los Angeles / S Central Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,162 | |
Land - initial cost | 2,200 | |
Building and improvements - initial cost | 8,108 | |
Adjustments and costs subsequent to acquisition | 72 | |
Gross carrying amount - Land | 2,200 | |
Gross carrying amount - Building and improvements | 8,180 | |
Gross carrying amount - Total | 10,380 | |
Accumulated depreciation | 1,548 | |
Los Angeles / S Western Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,434 | |
Land - initial cost | 287 | |
Building and improvements - initial cost | 2,011 | |
Adjustments and costs subsequent to acquisition | 367 | |
Gross carrying amount - Land | 287 | |
Gross carrying amount - Building and improvements | 2,378 | |
Gross carrying amount - Total | 2,665 | |
Accumulated depreciation | 151 | |
Los Angeles / Slauson Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,380 | |
Land - initial cost | 2,400 | |
Building and improvements - initial cost | 8,605 | |
Adjustments and costs subsequent to acquisition | 305 | |
Gross carrying amount - Land | 2,401 | |
Gross carrying amount - Building and improvements | 8,909 | |
Gross carrying amount - Total | 11,310 | |
Accumulated depreciation | 401 | |
Los Gatos [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,550 | |
Building and improvements - initial cost | 8,257 | |
Adjustments and costs subsequent to acquisition | 66 | |
Gross carrying amount - Land | 2,550 | |
Gross carrying amount - Building and improvements | 8,323 | |
Gross carrying amount - Total | 10,873 | |
Accumulated depreciation | 835 | |
Manteca [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,574 | |
Land - initial cost | 848 | |
Building and improvements - initial cost | 2,543 | |
Adjustments and costs subsequent to acquisition | 196 | |
Gross carrying amount - Land | 848 | |
Gross carrying amount - Building and improvements | 2,739 | |
Gross carrying amount - Total | 3,587 | |
Accumulated depreciation | 882 | |
Marina Del Rey [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 19,928 | |
Building and improvements - initial cost | 18,742 | |
Adjustments and costs subsequent to acquisition | 246 | |
Gross carrying amount - Land | 19,928 | |
Gross carrying amount - Building and improvements | 18,988 | |
Gross carrying amount - Total | 38,916 | |
Accumulated depreciation | 2,615 | |
Menlo Park [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,562 | |
Land - initial cost | 7,675 | |
Building and improvements - initial cost | 1,812 | |
Adjustments and costs subsequent to acquisition | 256 | |
Gross carrying amount - Land | 7,675 | |
Gross carrying amount - Building and improvements | 2,068 | |
Gross carrying amount - Total | 9,743 | |
Accumulated depreciation | 136 | |
Modesto / Crows Landing [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,294 | |
Land - initial cost | 909 | |
Building and improvements - initial cost | 3,043 | |
Adjustments and costs subsequent to acquisition | 296 | |
Gross carrying amount - Land | 909 | |
Gross carrying amount - Building and improvements | 3,339 | |
Gross carrying amount - Total | 4,248 | |
Accumulated depreciation | 843 | |
Modesto / Sylvan Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,258 | |
Land - initial cost | 1,647 | |
Building and improvements - initial cost | 4,215 | |
Adjustments and costs subsequent to acquisition | 201 | |
Gross carrying amount - Land | 1,647 | |
Gross carrying amount - Building and improvements | 4,416 | |
Gross carrying amount - Total | 6,063 | |
Accumulated depreciation | 272 | |
Moreno Valley [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,048 | |
Land - initial cost | 482 | |
Building and improvements - initial cost | 3,484 | |
Adjustments and costs subsequent to acquisition | 47 | |
Gross carrying amount - Land | 482 | |
Gross carrying amount - Building and improvements | 3,531 | |
Gross carrying amount - Total | 4,013 | |
Accumulated depreciation | 322 | |
Morgan Hill [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,278 | |
Land - initial cost | 1,760 | |
Building and improvements - initial cost | 11,772 | |
Adjustments and costs subsequent to acquisition | 59 | |
Gross carrying amount - Land | 1,760 | |
Gross carrying amount - Building and improvements | 11,831 | |
Gross carrying amount - Total | 13,591 | |
Accumulated depreciation | 75 | |
North Highlands [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 799 | |
Building and improvements - initial cost | 2,801 | |
Adjustments and costs subsequent to acquisition | 97 | |
Gross carrying amount - Land | 799 | |
Gross carrying amount - Building and improvements | 2,898 | |
Gross carrying amount - Total | 3,697 | |
Accumulated depreciation | 469 | |
North Hollywood / Coldwater Canyon [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 4,501 | |
Building and improvements - initial cost | 4,465 | |
Adjustments and costs subsequent to acquisition | 373 | |
Gross carrying amount - Land | 4,501 | |
Gross carrying amount - Building and improvements | 4,838 | |
Gross carrying amount - Total | 9,339 | |
Accumulated depreciation | 312 | |
North Hollywood / Van Owen [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,659 | |
Land - initial cost | 3,125 | |
Building and improvements - initial cost | 9,257 | |
Adjustments and costs subsequent to acquisition | 244 | |
Gross carrying amount - Land | 3,125 | |
Gross carrying amount - Building and improvements | 9,501 | |
Gross carrying amount - Total | 12,626 | |
Accumulated depreciation | 2,361 | |
Northridge [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,614 | |
Land - initial cost | 3,641 | |
Building and improvements - initial cost | 2,872 | |
Adjustments and costs subsequent to acquisition | 293 | |
Gross carrying amount - Land | 3,641 | |
Gross carrying amount - Building and improvements | 3,165 | |
Gross carrying amount - Total | 6,806 | |
Accumulated depreciation | 216 | |
Oakland / 29th Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,149 | |
Land - initial cost | 6,359 | |
Building and improvements - initial cost | 5,753 | |
Adjustments and costs subsequent to acquisition | 273 | |
Gross carrying amount - Land | 6,359 | |
Gross carrying amount - Building and improvements | 6,026 | |
Gross carrying amount - Total | 12,385 | |
Accumulated depreciation | 382 | |
Oakland / Fallon St [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,104 | |
Building and improvements - initial cost | 3,777 | |
Adjustments and costs subsequent to acquisition | 1,138 | |
Gross carrying amount - Building and improvements | 4,915 | |
Gross carrying amount - Total | 4,915 | |
Accumulated depreciation | 2,053 | |
Oakland / San Leandro St [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,719 | |
Land - initial cost | 1,668 | |
Building and improvements - initial cost | 7,652 | |
Adjustments and costs subsequent to acquisition | 286 | |
Gross carrying amount - Land | 1,668 | |
Gross carrying amount - Building and improvements | 7,938 | |
Gross carrying amount - Total | 9,606 | |
Accumulated depreciation | 427 | |
Oceanside / Oceanside Blvd 1 [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,241 | |
Building and improvements - initial cost | 11,361 | |
Adjustments and costs subsequent to acquisition | 890 | |
Gross carrying amount - Land | 3,241 | |
Gross carrying amount - Building and improvements | 12,251 | |
Gross carrying amount - Total | 15,492 | |
Accumulated depreciation | 3,583 | |
Oceanside / Oceanside Blvd 2 [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,050 | |
Land - initial cost | 4,508 | |
Building and improvements - initial cost | 4,599 | |
Adjustments and costs subsequent to acquisition | 49 | |
Gross carrying amount - Land | 4,508 | |
Gross carrying amount - Building and improvements | 4,648 | |
Gross carrying amount - Total | 9,156 | |
Accumulated depreciation | 124 | |
Orange [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 12,124 | |
Land - initial cost | 4,847 | |
Building and improvements - initial cost | 12,341 | |
Adjustments and costs subsequent to acquisition | 312 | |
Gross carrying amount - Land | 4,847 | |
Gross carrying amount - Building and improvements | 12,653 | |
Gross carrying amount - Total | 17,500 | |
Accumulated depreciation | 1,048 | |
Oxnard [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,571 | |
Land - initial cost | 5,421 | |
Building and improvements - initial cost | 6,761 | |
Adjustments and costs subsequent to acquisition | 331 | |
Gross carrying amount - Land | 5,421 | |
Gross carrying amount - Building and improvements | 7,092 | |
Gross carrying amount - Total | 12,513 | |
Accumulated depreciation | 380 | |
Pacoima [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,166 | |
Land - initial cost | 3,050 | |
Building and improvements - initial cost | 7,597 | |
Adjustments and costs subsequent to acquisition | 101 | |
Gross carrying amount - Land | 3,050 | |
Gross carrying amount - Building and improvements | 7,698 | |
Gross carrying amount - Total | 10,748 | |
Accumulated depreciation | 1,262 | |
Palmdale [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,602 | |
Land - initial cost | 1,225 | |
Building and improvements - initial cost | 5,379 | |
Adjustments and costs subsequent to acquisition | 2,233 | |
Gross carrying amount - Land | 1,225 | |
Gross carrying amount - Building and improvements | 7,612 | |
Gross carrying amount - Total | 8,837 | |
Accumulated depreciation | 2,151 | |
Paramount [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,559 | |
Land - initial cost | 1,404 | |
Building and improvements - initial cost | 2,549 | |
Adjustments and costs subsequent to acquisition | 207 | |
Gross carrying amount - Land | 1,404 | |
Gross carrying amount - Building and improvements | 2,756 | |
Gross carrying amount - Total | 4,160 | |
Accumulated depreciation | 331 | |
Pico Rivera / Beverly Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,150 | |
Building and improvements - initial cost | 3,450 | |
Adjustments and costs subsequent to acquisition | 234 | |
Gross carrying amount - Land | 1,150 | |
Gross carrying amount - Building and improvements | 3,684 | |
Gross carrying amount - Total | 4,834 | |
Accumulated depreciation | 1,373 | |
Pico Rivera / San Gabriel River Pkwy [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,445 | |
Land - initial cost | 2,150 | |
Building and improvements - initial cost | 4,734 | |
Adjustments and costs subsequent to acquisition | 43 | |
Gross carrying amount - Land | 2,150 | |
Gross carrying amount - Building and improvements | 4,777 | |
Gross carrying amount - Total | 6,927 | |
Accumulated depreciation | 220 | |
Placentia [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,647 | |
Land - initial cost | 4,798 | |
Building and improvements - initial cost | 5,483 | |
Adjustments and costs subsequent to acquisition | 288 | |
Gross carrying amount - Land | 4,798 | |
Gross carrying amount - Building and improvements | 5,771 | |
Gross carrying amount - Total | 10,569 | |
Accumulated depreciation | 658 | |
Pleasanton [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,267 | |
Land - initial cost | 1,208 | |
Building and improvements - initial cost | 4,283 | |
Adjustments and costs subsequent to acquisition | 449 | |
Gross carrying amount - Land | 1,208 | |
Gross carrying amount - Building and improvements | 4,732 | |
Gross carrying amount - Total | 5,940 | |
Accumulated depreciation | 1,265 | |
Richmond / Lakeside Dr [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,796 | |
Land - initial cost | 953 | |
Building and improvements - initial cost | 4,635 | |
Adjustments and costs subsequent to acquisition | 629 | |
Gross carrying amount - Land | 953 | |
Gross carrying amount - Building and improvements | 5,264 | |
Gross carrying amount - Total | 6,217 | |
Accumulated depreciation | 1,745 | |
Richmond / Meeker Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,139 | |
Building and improvements - initial cost | 7,437 | |
Adjustments and costs subsequent to acquisition | 225 | |
Gross carrying amount - Land | 3,139 | |
Gross carrying amount - Building and improvements | 7,662 | |
Gross carrying amount - Total | 10,801 | |
Accumulated depreciation | 469 | |
Riverside [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,801 | |
Land - initial cost | 1,075 | |
Building and improvements - initial cost | 4,042 | |
Adjustments and costs subsequent to acquisition | 554 | |
Gross carrying amount - Land | 1,075 | |
Gross carrying amount - Building and improvements | 4,596 | |
Gross carrying amount - Total | 5,671 | |
Accumulated depreciation | 1,502 | |
Rocklin [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,394 | |
Land - initial cost | 1,745 | |
Building and improvements - initial cost | 8,005 | |
Adjustments and costs subsequent to acquisition | 58 | |
Gross carrying amount - Land | 1,745 | |
Gross carrying amount - Building and improvements | 8,063 | |
Gross carrying amount - Total | 9,808 | |
Accumulated depreciation | 425 | |
Rohnert Park [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,389 | |
Land - initial cost | 990 | |
Building and improvements - initial cost | 8,094 | |
Adjustments and costs subsequent to acquisition | 163 | |
Gross carrying amount - Land | 990 | |
Gross carrying amount - Building and improvements | 8,257 | |
Gross carrying amount - Total | 9,247 | |
Accumulated depreciation | 449 | |
Sacramento / Auburn Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 852 | |
Building and improvements - initial cost | 4,720 | |
Adjustments and costs subsequent to acquisition | 750 | |
Gross carrying amount - Land | 852 | |
Gross carrying amount - Building and improvements | 5,470 | |
Gross carrying amount - Total | 6,322 | |
Accumulated depreciation | 1,611 | |
Sacramento / B Street [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,611 | |
Land - initial cost | 1,025 | |
Building and improvements - initial cost | 11,479 | |
Adjustments and costs subsequent to acquisition | 429 | |
Gross carrying amount - Land | 1,025 | |
Gross carrying amount - Building and improvements | 11,908 | |
Gross carrying amount - Total | 12,933 | |
Accumulated depreciation | 241 | |
Sacramento / Franklin Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,988 | |
Land - initial cost | 1,738 | |
Building and improvements - initial cost | 5,522 | |
Adjustments and costs subsequent to acquisition | 118 | |
Gross carrying amount - Land | 1,844 | |
Gross carrying amount - Building and improvements | 5,534 | |
Gross carrying amount - Total | 7,378 | |
Accumulated depreciation | 767 | |
Sacramento / Stockton Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,836 | |
Land - initial cost | 952 | |
Building and improvements - initial cost | 6,936 | |
Adjustments and costs subsequent to acquisition | 462 | |
Gross carrying amount - Land | 1,075 | |
Gross carrying amount - Building and improvements | 7,275 | |
Gross carrying amount - Total | 8,350 | |
Accumulated depreciation | 998 | |
San Bernardino / Sterling Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 750 | |
Building and improvements - initial cost | 5,135 | |
Adjustments and costs subsequent to acquisition | 160 | |
Gross carrying amount - Land | 750 | |
Gross carrying amount - Building and improvements | 5,295 | |
Gross carrying amount - Total | 6,045 | |
Accumulated depreciation | 1,259 | |
San Bernardino / W Club Center Dr [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,213 | |
Building and improvements - initial cost | 3,061 | |
Adjustments and costs subsequent to acquisition | 138 | |
Gross carrying amount - Land | 1,173 | |
Gross carrying amount - Building and improvements | 3,239 | |
Gross carrying amount - Total | 4,412 | |
Accumulated depreciation | 1,026 | |
San Diego / Cedar St [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 13,188 | |
Land - initial cost | 5,919 | |
Building and improvements - initial cost | 6,729 | |
Adjustments and costs subsequent to acquisition | 448 | |
Gross carrying amount - Land | 5,919 | |
Gross carrying amount - Building and improvements | 7,177 | |
Gross carrying amount - Total | 13,096 | |
Accumulated depreciation | 443 | |
San Diego / Del Sol Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,679 | |
Building and improvements - initial cost | 7,029 | |
Adjustments and costs subsequent to acquisition | 5 | |
Gross carrying amount - Land | 2,679 | |
Gross carrying amount - Building and improvements | 7,034 | |
Gross carrying amount - Total | 9,713 | |
San Dimas [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,318 | |
Land - initial cost | 1,867 | |
Building and improvements - initial cost | 6,354 | |
Adjustments and costs subsequent to acquisition | 266 | |
Gross carrying amount - Land | 1,867 | |
Gross carrying amount - Building and improvements | 6,620 | |
Gross carrying amount - Total | 8,487 | |
Accumulated depreciation | 752 | |
San Francisco / Egbert Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,636 | |
Land - initial cost | 5,098 | |
Building and improvements - initial cost | 4,054 | |
Adjustments and costs subsequent to acquisition | 261 | |
Gross carrying amount - Land | 5,098 | |
Gross carrying amount - Building and improvements | 4,315 | |
Gross carrying amount - Total | 9,413 | |
Accumulated depreciation | 275 | |
San Francisco / Folsom [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 18,102 | |
Land - initial cost | 8,457 | |
Building and improvements - initial cost | 9,928 | |
Adjustments and costs subsequent to acquisition | 1,837 | |
Gross carrying amount - Land | 8,457 | |
Gross carrying amount - Building and improvements | 11,765 | |
Gross carrying amount - Total | 20,222 | |
Accumulated depreciation | 3,124 | |
San Francisco / Otis Street [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 5,460 | |
Building and improvements - initial cost | 18,741 | |
Adjustments and costs subsequent to acquisition | 101 | |
Gross carrying amount - Land | 5,460 | |
Gross carrying amount - Building and improvements | 18,842 | |
Gross carrying amount - Total | 24,302 | |
Accumulated depreciation | 121 | |
San Jose / Charter Park Dr [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,652 | |
Land - initial cost | 2,428 | |
Building and improvements - initial cost | 2,323 | |
Adjustments and costs subsequent to acquisition | 260 | |
Gross carrying amount - Land | 2,428 | |
Gross carrying amount - Building and improvements | 2,583 | |
Gross carrying amount - Total | 5,011 | |
Accumulated depreciation | 272 | |
San Jose / N 10th St [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,784 | |
Land - initial cost | 5,340 | |
Building and improvements - initial cost | 6,821 | |
Adjustments and costs subsequent to acquisition | 287 | |
Gross carrying amount - Land | 5,340 | |
Gross carrying amount - Building and improvements | 7,108 | |
Gross carrying amount - Total | 12,448 | |
Accumulated depreciation | 1,142 | |
San Leandro / Doolittle Dr [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 15,102 | |
Land - initial cost | 4,601 | |
Building and improvements - initial cost | 9,777 | |
Adjustments and costs subsequent to acquisition | 3,422 | |
Gross carrying amount - Land | 4,601 | |
Gross carrying amount - Building and improvements | 13,199 | |
Gross carrying amount - Total | 17,800 | |
Accumulated depreciation | 3,345 | |
San Leandro Washington Ave [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,343 | |
Building and improvements - initial cost | 6,630 | |
Gross carrying amount - Land | 3,291 | |
Gross carrying amount - Building and improvements | 6,678 | |
Gross carrying amount - Total | 9,969 | |
Accumulated depreciation | 913 | |
San Leandro Washington Ave [Member] | California [Member] | Adjustment For Acquisition Of A Joint Venture Partner's Interest[Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (4) | |
San Lorenzo [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 8,784 | |
Adjustments and costs subsequent to acquisition | 108 | |
Gross carrying amount - Building and improvements | 8,892 | |
Gross carrying amount - Total | 8,892 | |
Accumulated depreciation | 57 | |
San Ramon [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 4,819 | |
Building and improvements - initial cost | 5,819 | |
Adjustments and costs subsequent to acquisition | 272 | |
Gross carrying amount - Land | 4,819 | |
Gross carrying amount - Building and improvements | 6,091 | |
Gross carrying amount - Total | 10,910 | |
Accumulated depreciation | 375 | |
Santa Ana [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,139 | |
Land - initial cost | 3,485 | |
Building and improvements - initial cost | 2,382 | |
Adjustments and costs subsequent to acquisition | 233 | |
Gross carrying amount - Land | 3,485 | |
Gross carrying amount - Building and improvements | 2,615 | |
Gross carrying amount - Total | 6,100 | |
Accumulated depreciation | 179 | |
Santa Clara [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,914 | |
Land - initial cost | 4,750 | |
Building and improvements - initial cost | 8,218 | |
Adjustments and costs subsequent to acquisition | 34 | |
Gross carrying amount - Land | 4,750 | |
Gross carrying amount - Building and improvements | 8,252 | |
Gross carrying amount - Total | 13,002 | |
Accumulated depreciation | 1,343 | |
Santa Cruz [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,357 | |
Land - initial cost | 1,588 | |
Building and improvements - initial cost | 11,160 | |
Adjustments and costs subsequent to acquisition | 123 | |
Gross carrying amount - Land | 1,588 | |
Gross carrying amount - Building and improvements | 11,283 | |
Gross carrying amount - Total | 12,871 | |
Accumulated depreciation | 1,010 | |
Santa Fe Springs, CA [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,334 | |
Land - initial cost | 3,617 | |
Building and improvements - initial cost | 7,022 | |
Adjustments and costs subsequent to acquisition | 368 | |
Gross carrying amount - Land | 3,617 | |
Gross carrying amount - Building and improvements | 7,390 | |
Gross carrying amount - Total | 11,007 | |
Accumulated depreciation | 1,712 | |
Santa Maria / Farnel Rd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,908 | |
Land - initial cost | 1,556 | |
Building and improvements - initial cost | 2,740 | |
Adjustments and costs subsequent to acquisition | 462 | |
Gross carrying amount - Land | 1,556 | |
Gross carrying amount - Building and improvements | 3,202 | |
Gross carrying amount - Total | 4,758 | |
Accumulated depreciation | 389 | |
Santa Maria / Skyway Dr [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,141 | |
Land - initial cost | 1,310 | |
Building and improvements - initial cost | 3,526 | |
Adjustments and costs subsequent to acquisition | 109 | |
Gross carrying amount - Land | 1,309 | |
Gross carrying amount - Building and improvements | 3,636 | |
Gross carrying amount - Total | 4,945 | |
Accumulated depreciation | 412 | |
Sherman Oaks [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 16,279 | |
Land - initial cost | 4,051 | |
Building and improvements - initial cost | 12,152 | |
Adjustments and costs subsequent to acquisition | 603 | |
Gross carrying amount - Land | 4,051 | |
Gross carrying amount - Building and improvements | 12,755 | |
Gross carrying amount - Total | 16,806 | |
Accumulated depreciation | 3,763 | |
Stanton [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,895 | |
Land - initial cost | 5,022 | |
Building and improvements - initial cost | 2,267 | |
Adjustments and costs subsequent to acquisition | 220 | |
Gross carrying amount - Land | 5,022 | |
Gross carrying amount - Building and improvements | 2,487 | |
Gross carrying amount - Total | 7,509 | |
Accumulated depreciation | 179 | |
Stockton / Jamestown, CA [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,364 | |
Land - initial cost | 649 | |
Building and improvements - initial cost | 3,272 | |
Adjustments and costs subsequent to acquisition | 243 | |
Gross carrying amount - Land | 649 | |
Gross carrying amount - Building and improvements | 3,515 | |
Gross carrying amount - Total | 4,164 | |
Accumulated depreciation | 1,273 | |
Stockton / Pacific Ave, CA [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,619 | |
Building and improvements - initial cost | 2,443 | |
Adjustments and costs subsequent to acquisition | 82 | |
Gross carrying amount - Land | 3,619 | |
Gross carrying amount - Building and improvements | 2,525 | |
Gross carrying amount - Total | 6,144 | |
Accumulated depreciation | 139 | |
Sunland [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,968 | |
Land - initial cost | 1,688 | |
Building and improvements - initial cost | 6,381 | |
Adjustments and costs subsequent to acquisition | 71 | |
Gross carrying amount - Land | 1,688 | |
Gross carrying amount - Building and improvements | 6,452 | |
Gross carrying amount - Total | 8,140 | |
Accumulated depreciation | 289 | |
Sunnyvale [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 10,732 | |
Building and improvements - initial cost | 5,004 | |
Adjustments and costs subsequent to acquisition | 243 | |
Gross carrying amount - Land | 10,732 | |
Gross carrying amount - Building and improvements | 5,247 | |
Gross carrying amount - Total | 15,979 | |
Accumulated depreciation | 327 | |
Sylmar [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,278 | |
Land - initial cost | 3,058 | |
Building and improvements - initial cost | 4,671 | |
Adjustments and costs subsequent to acquisition | 277 | |
Gross carrying amount - Land | 3,058 | |
Gross carrying amount - Building and improvements | 4,948 | |
Gross carrying amount - Total | 8,006 | |
Accumulated depreciation | 1,112 | |
Thousand Oaks [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,883 | |
Land - initial cost | 4,500 | |
Building and improvements - initial cost | 8,834 | |
Gross carrying amount - Land | 3,500 | |
Gross carrying amount - Building and improvements | 8,870 | |
Gross carrying amount - Total | 12,370 | |
Accumulated depreciation | 123 | |
Thousand Oaks [Member] | California [Member] | Adjustment For Impairment Charge [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (964) | |
Tracy / E 11th St 1 [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,260 | |
Land - initial cost | 778 | |
Building and improvements - initial cost | 2,638 | |
Adjustments and costs subsequent to acquisition | 789 | |
Gross carrying amount - Land | 911 | |
Gross carrying amount - Building and improvements | 3,294 | |
Gross carrying amount - Total | 4,205 | |
Accumulated depreciation | 1,093 | |
Tracy / E 11th St 2 [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,035 | |
Land - initial cost | 946 | |
Building and improvements - initial cost | 1,937 | |
Adjustments and costs subsequent to acquisition | 303 | |
Gross carrying amount - Land | 946 | |
Gross carrying amount - Building and improvements | 2,240 | |
Gross carrying amount - Total | 3,186 | |
Accumulated depreciation | 815 | |
Vallejo / Sonoma Blvd [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,847 | |
Land - initial cost | 1,177 | |
Building and improvements - initial cost | 2,157 | |
Adjustments and costs subsequent to acquisition | 1,077 | |
Gross carrying amount - Land | 1,177 | |
Gross carrying amount - Building and improvements | 3,234 | |
Gross carrying amount - Total | 4,411 | |
Accumulated depreciation | 1,065 | |
Vallejo / Tennessee St [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,596 | |
Land - initial cost | 2,640 | |
Building and improvements - initial cost | 13,870 | |
Adjustments and costs subsequent to acquisition | 123 | |
Gross carrying amount - Land | 2,640 | |
Gross carrying amount - Building and improvements | 13,993 | |
Gross carrying amount - Total | 16,633 | |
Accumulated depreciation | 89 | |
Van Nuys [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 7,939 | |
Building and improvements - initial cost | 2,576 | |
Adjustments and costs subsequent to acquisition | 343 | |
Gross carrying amount - Land | 7,939 | |
Gross carrying amount - Building and improvements | 2,919 | |
Gross carrying amount - Total | 10,858 | |
Accumulated depreciation | 206 | |
Venice [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,803 | |
Building and improvements - initial cost | 8,410 | |
Gross carrying amount - Land | 2,803 | |
Gross carrying amount - Building and improvements | 5,353 | |
Gross carrying amount - Total | 8,156 | |
Accumulated depreciation | 1,443 | |
Venice [Member] | California [Member] | Adjustment For Property Casualty Loss [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (3,051) | |
Venice [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,714 | |
Land - initial cost | 1,969 | |
Building and improvements - initial cost | 5,903 | |
Adjustments and costs subsequent to acquisition | 320 | |
Gross carrying amount - Land | 1,970 | |
Gross carrying amount - Building and improvements | 6,222 | |
Gross carrying amount - Total | 8,192 | |
Accumulated depreciation | 1,748 | |
Ventura [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,453 | |
Building and improvements - initial cost | 2,837 | |
Adjustments and costs subsequent to acquisition | 223 | |
Gross carrying amount - Land | 3,453 | |
Gross carrying amount - Building and improvements | 3,060 | |
Gross carrying amount - Total | 6,513 | |
Accumulated depreciation | 209 | |
Victorville [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 151 | |
Building and improvements - initial cost | 751 | |
Adjustments and costs subsequent to acquisition | 161 | |
Gross carrying amount - Land | 151 | |
Gross carrying amount - Building and improvements | 912 | |
Gross carrying amount - Total | 1,063 | |
Accumulated depreciation | 131 | |
Watsonville [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,699 | |
Building and improvements - initial cost | 3,056 | |
Adjustments and costs subsequent to acquisition | 299 | |
Gross carrying amount - Land | 1,699 | |
Gross carrying amount - Building and improvements | 3,355 | |
Gross carrying amount - Total | 5,054 | |
Accumulated depreciation | 998 | |
West Sacramento [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,400 | |
Building and improvements - initial cost | 7,425 | |
Adjustments and costs subsequent to acquisition | 111 | |
Gross carrying amount - Land | 2,400 | |
Gross carrying amount - Building and improvements | 7,536 | |
Gross carrying amount - Total | 9,936 | |
Accumulated depreciation | 1,232 | |
Whittier [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,257 | |
Building and improvements - initial cost | 2,985 | |
Adjustments and costs subsequent to acquisition | 205 | |
Gross carrying amount - Building and improvements | 3,190 | |
Gross carrying amount - Total | 3,190 | |
Accumulated depreciation | 1,140 | |
Wilmington [Member] | California [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 6,792 | |
Building and improvements - initial cost | 10,726 | |
Adjustments and costs subsequent to acquisition | 25 | |
Gross carrying amount - Land | 6,792 | |
Gross carrying amount - Building and improvements | 10,751 | |
Gross carrying amount - Total | 17,543 | |
Accumulated depreciation | 636 | |
Arvada [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,753 | |
Land - initial cost | 286 | |
Building and improvements - initial cost | 1,521 | |
Adjustments and costs subsequent to acquisition | 703 | |
Gross carrying amount - Land | 286 | |
Gross carrying amount - Building and improvements | 2,224 | |
Gross carrying amount - Total | 2,510 | |
Accumulated depreciation | 1,097 | |
Castle Rock / Industrial Way1 [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,027 | |
Land - initial cost | 407 | |
Building and improvements - initial cost | 3,077 | |
Adjustments and costs subsequent to acquisition | 260 | |
Gross carrying amount - Land | 407 | |
Gross carrying amount - Building and improvements | 3,337 | |
Gross carrying amount - Total | 3,744 | |
Accumulated depreciation | 429 | |
Castle Rock / Industrial Way2, [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 531 | |
Gross carrying amount - Land | 531 | |
Gross carrying amount - Total | 531 | |
Colorado Springs / Austin Bluffs Pkwy [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,667 | |
Land - initial cost | 296 | |
Building and improvements - initial cost | 4,199 | |
Adjustments and costs subsequent to acquisition | 270 | |
Gross carrying amount - Land | 296 | |
Gross carrying amount - Building and improvements | 4,469 | |
Gross carrying amount - Total | 4,765 | |
Accumulated depreciation | 592 | |
Colorado Springs / Dublin Blvd [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,698 | |
Land - initial cost | 781 | |
Building and improvements - initial cost | 3,400 | |
Adjustments and costs subsequent to acquisition | 281 | |
Gross carrying amount - Land | 781 | |
Gross carrying amount - Building and improvements | 3,681 | |
Gross carrying amount - Total | 4,462 | |
Accumulated depreciation | 901 | |
Colorado / Springs S 8th St [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,875 | |
Land - initial cost | 1,525 | |
Building and improvements - initial cost | 4,310 | |
Adjustments and costs subsequent to acquisition | 418 | |
Gross carrying amount - Land | 1,525 | |
Gross carrying amount - Building and improvements | 4,728 | |
Gross carrying amount - Total | 6,253 | |
Accumulated depreciation | 957 | |
Colorado Springs / Stetson Hills Blvd [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,979 | |
Land - initial cost | 2,077 | |
Building and improvements - initial cost | 4,087 | |
Adjustments and costs subsequent to acquisition | 264 | |
Gross carrying amount - Land | 2,077 | |
Gross carrying amount - Building and improvements | 4,351 | |
Gross carrying amount - Total | 6,428 | |
Accumulated depreciation | 144 | |
Denver / E 40th Ave [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,482 | |
Land - initial cost | 602 | |
Building and improvements - initial cost | 2,052 | |
Adjustments and costs subsequent to acquisition | 1,527 | |
Gross carrying amount - Land | 745 | |
Gross carrying amount - Building and improvements | 3,436 | |
Gross carrying amount - Total | 4,181 | |
Accumulated depreciation | 1,396 | |
Denver / W 96th Ave [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,537 | |
Land - initial cost | 368 | |
Building and improvements - initial cost | 1,574 | |
Adjustments and costs subsequent to acquisition | 287 | |
Gross carrying amount - Land | 368 | |
Gross carrying amount - Building and improvements | 1,861 | |
Gross carrying amount - Total | 2,229 | |
Accumulated depreciation | 616 | |
Fort Carson [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 6,945 | |
Adjustments and costs subsequent to acquisition | 112 | |
Gross carrying amount - Building and improvements | 7,057 | |
Gross carrying amount - Total | 7,057 | |
Accumulated depreciation | 641 | |
Parker [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,531 | |
Land - initial cost | 800 | |
Building and improvements - initial cost | 4,549 | |
Adjustments and costs subsequent to acquisition | 816 | |
Gross carrying amount - Land | 800 | |
Gross carrying amount - Building and improvements | 5,365 | |
Gross carrying amount - Total | 6,165 | |
Accumulated depreciation | 1,512 | |
Thornton [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,718 | |
Land - initial cost | 212 | |
Building and improvements - initial cost | 2,044 | |
Adjustments and costs subsequent to acquisition | 1,151 | |
Gross carrying amount - Land | 248 | |
Gross carrying amount - Building and improvements | 3,159 | |
Gross carrying amount - Total | 3,407 | |
Accumulated depreciation | 1,414 | |
Westminster [Member] | COLORADO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,051 | |
Land - initial cost | 291 | |
Building and improvements - initial cost | 1,586 | |
Adjustments and costs subsequent to acquisition | 1,201 | |
Gross carrying amount - Land | 299 | |
Gross carrying amount - Building and improvements | 2,779 | |
Gross carrying amount - Total | 3,078 | |
Accumulated depreciation | 1,361 | |
Bridgeport [Member] | CONNECTICUT | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,072 | |
Building and improvements - initial cost | 14,028 | |
Adjustments and costs subsequent to acquisition | 132 | |
Gross carrying amount - Land | 1,072 | |
Gross carrying amount - Building and improvements | 14,160 | |
Gross carrying amount - Total | 15,232 | |
Accumulated depreciation | 654 | |
Brookfield [Member] | CONNECTICUT | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,010 | |
Land - initial cost | 991 | |
Building and improvements - initial cost | 7,891 | |
Adjustments and costs subsequent to acquisition | 126 | |
Gross carrying amount - Land | 991 | |
Gross carrying amount - Building and improvements | 8,017 | |
Gross carrying amount - Total | 9,008 | |
Accumulated depreciation | 740 | |
Groton [Member] | CONNECTICUT | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,112 | |
Land - initial cost | 1,277 | |
Building and improvements - initial cost | 3,992 | |
Adjustments and costs subsequent to acquisition | 444 | |
Gross carrying amount - Land | 1,276 | |
Gross carrying amount - Building and improvements | 4,437 | |
Gross carrying amount - Total | 5,713 | |
Accumulated depreciation | 1,550 | |
Middletown [Member] | CONNECTICUT | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,722 | |
Land - initial cost | 932 | |
Building and improvements - initial cost | 2,810 | |
Adjustments and costs subsequent to acquisition | 194 | |
Gross carrying amount - Land | 932 | |
Gross carrying amount - Building and improvements | 3,004 | |
Gross carrying amount - Total | 3,936 | |
Accumulated depreciation | 665 | |
Middletown [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,223 | |
Land - initial cost | 534 | |
Building and improvements - initial cost | 1,047 | |
Adjustments and costs subsequent to acquisition | 116 | |
Gross carrying amount - Land | 533 | |
Gross carrying amount - Building and improvements | 1,164 | |
Gross carrying amount - Total | 1,697 | |
Accumulated depreciation | 171 | |
Newington [Member] | CONNECTICUT | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,328 | |
Land - initial cost | 1,363 | |
Building and improvements - initial cost | 2,978 | |
Adjustments and costs subsequent to acquisition | 609 | |
Gross carrying amount - Land | 1,363 | |
Gross carrying amount - Building and improvements | 3,587 | |
Gross carrying amount - Total | 4,950 | |
Accumulated depreciation | 208 | |
Wethersfield [Member] | CONNECTICUT | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,667 | |
Land - initial cost | 709 | |
Building and improvements - initial cost | 4,205 | |
Adjustments and costs subsequent to acquisition | 228 | |
Gross carrying amount - Land | 709 | |
Gross carrying amount - Building and improvements | 4,433 | |
Gross carrying amount - Total | 5,142 | |
Accumulated depreciation | 1,576 | |
Apopka / Park Ave [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 613 | |
Building and improvements - initial cost | 5,228 | |
Gross carrying amount - Land | 613 | |
Gross carrying amount - Building and improvements | 5,228 | |
Gross carrying amount - Total | 5,841 | |
Apopka / Semoran Blvd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 888 | |
Building and improvements - initial cost | 5,737 | |
Adjustments and costs subsequent to acquisition | 6 | |
Gross carrying amount - Land | 888 | |
Gross carrying amount - Building and improvements | 5,743 | |
Gross carrying amount - Total | 6,631 | |
Auburndale [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,244 | |
Land - initial cost | 470 | |
Building and improvements - initial cost | 1,076 | |
Adjustments and costs subsequent to acquisition | 152 | |
Gross carrying amount - Land | 470 | |
Gross carrying amount - Building and improvements | 1,228 | |
Gross carrying amount - Total | 1,698 | |
Accumulated depreciation | 139 | |
Bonita Springs [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,198 | |
Building and improvements - initial cost | 8,215 | |
Adjustments and costs subsequent to acquisition | 127 | |
Gross carrying amount - Land | 2,198 | |
Gross carrying amount - Building and improvements | 8,342 | |
Gross carrying amount - Total | 10,540 | |
Accumulated depreciation | 1,351 | |
Bradenton [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,333 | |
Building and improvements - initial cost | 3,677 | |
Adjustments and costs subsequent to acquisition | 565 | |
Gross carrying amount - Land | 1,333 | |
Gross carrying amount - Building and improvements | 4,242 | |
Gross carrying amount - Total | 5,575 | |
Accumulated depreciation | 114 | |
Brandon [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,537 | |
Land - initial cost | 1,327 | |
Building and improvements - initial cost | 5,656 | |
Adjustments and costs subsequent to acquisition | 174 | |
Gross carrying amount - Land | 1,327 | |
Gross carrying amount - Building and improvements | 5,830 | |
Gross carrying amount - Total | 7,157 | |
Accumulated depreciation | 489 | |
Coral Springs [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,109 | |
Land - initial cost | 3,638 | |
Building and improvements - initial cost | 6,590 | |
Adjustments and costs subsequent to acquisition | 278 | |
Gross carrying amount - Land | 3,638 | |
Gross carrying amount - Building and improvements | 6,868 | |
Gross carrying amount - Total | 10,506 | |
Accumulated depreciation | 1,468 | |
Davie [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,907 | |
Land - initial cost | 4,890 | |
Building and improvements - initial cost | 11,679 | |
Adjustments and costs subsequent to acquisition | 91 | |
Gross carrying amount - Land | 4,890 | |
Gross carrying amount - Building and improvements | 11,770 | |
Gross carrying amount - Total | 16,660 | |
Accumulated depreciation | 76 | |
Deland [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,736 | |
Land - initial cost | 1,318 | |
Building and improvements - initial cost | 3,971 | |
Adjustments and costs subsequent to acquisition | 348 | |
Gross carrying amount - Land | 1,318 | |
Gross carrying amount - Building and improvements | 4,319 | |
Gross carrying amount - Total | 5,637 | |
Accumulated depreciation | 1,172 | |
Fort Lauderdale Commercial Blvd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,015 | |
Land - initial cost | 1,576 | |
Building and improvements - initial cost | 5,397 | |
Adjustments and costs subsequent to acquisition | 329 | |
Gross carrying amount - Land | 1,576 | |
Gross carrying amount - Building and improvements | 5,726 | |
Gross carrying amount - Total | 7,302 | |
Accumulated depreciation | 483 | |
Fort Lauderdale / NW 31st Ave [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,348 | |
Land - initial cost | 1,587 | |
Building and improvements - initial cost | 4,205 | |
Adjustments and costs subsequent to acquisition | 385 | |
Gross carrying amount - Land | 1,587 | |
Gross carrying amount - Building and improvements | 4,590 | |
Gross carrying amount - Total | 6,177 | |
Accumulated depreciation | 1,465 | |
Fort Lauderdale / S State Rd 7 [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,963 | |
Land - initial cost | 2,750 | |
Building and improvements - initial cost | 7,002 | |
Adjustments and costs subsequent to acquisition | 561 | |
Gross carrying amount - Land | 2,750 | |
Gross carrying amount - Building and improvements | 7,563 | |
Gross carrying amount - Total | 10,313 | |
Accumulated depreciation | 955 | |
Fort Myers / Cypress Lake Dr [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,023 | |
Land - initial cost | 1,691 | |
Building and improvements - initial cost | 4,711 | |
Adjustments and costs subsequent to acquisition | 359 | |
Gross carrying amount - Land | 1,691 | |
Gross carrying amount - Building and improvements | 5,070 | |
Gross carrying amount - Total | 6,761 | |
Accumulated depreciation | 1,579 | |
Fort Myers / San Carlos Blvd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,985 | |
Building and improvements - initial cost | 4,983 | |
Adjustments and costs subsequent to acquisition | 615 | |
Gross carrying amount - Land | 1,985 | |
Gross carrying amount - Building and improvements | 5,598 | |
Gross carrying amount - Total | 7,583 | |
Accumulated depreciation | 1,675 | |
Greenacres [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,535 | |
Land - initial cost | 1,463 | |
Building and improvements - initial cost | 3,244 | |
Adjustments and costs subsequent to acquisition | 153 | |
Gross carrying amount - Land | 1,463 | |
Gross carrying amount - Building and improvements | 3,397 | |
Gross carrying amount - Total | 4,860 | |
Accumulated depreciation | 1,019 | |
Gulf Breeze / Gulf Breeze Pkwy [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,900 | |
Land - initial cost | 620 | |
Building and improvements - initial cost | 2,886 | |
Adjustments and costs subsequent to acquisition | 14 | |
Gross carrying amount - Land | 620 | |
Gross carrying amount - Building and improvements | 2,900 | |
Gross carrying amount - Total | 3,520 | |
Accumulated depreciation | 18 | |
Gulf Breeze / McClure Dr [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,170 | |
Land - initial cost | 660 | |
Building and improvements - initial cost | 12,590 | |
Adjustments and costs subsequent to acquisition | 14 | |
Gross carrying amount - Land | 660 | |
Gross carrying amount - Building and improvements | 12,604 | |
Gross carrying amount - Total | 13,264 | |
Accumulated depreciation | 81 | |
Hialeah / E 65th Street [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,838 | |
Land - initial cost | 1,750 | |
Building and improvements - initial cost | 7,150 | |
Adjustments and costs subsequent to acquisition | 111 | |
Gross carrying amount - Land | 1,750 | |
Gross carrying amount - Building and improvements | 7,261 | |
Gross carrying amount - Total | 9,011 | |
Accumulated depreciation | 1,129 | |
Hialeah / Okeechobee Rd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,800 | |
Building and improvements - initial cost | 7,588 | |
Adjustments and costs subsequent to acquisition | 126 | |
Gross carrying amount - Land | 2,800 | |
Gross carrying amount - Building and improvements | 7,714 | |
Gross carrying amount - Total | 10,514 | |
Accumulated depreciation | 1,489 | |
Hialeah / W 84th St [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,838 | |
Land - initial cost | 1,678 | |
Building and improvements - initial cost | 6,807 | |
Adjustments and costs subsequent to acquisition | 81 | |
Gross carrying amount - Land | 1,678 | |
Gross carrying amount - Building and improvements | 6,888 | |
Gross carrying amount - Total | 8,566 | |
Accumulated depreciation | 945 | |
Jacksonville / Monument Rd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,571 | |
Land - initial cost | 490 | |
Building and improvements - initial cost | 10,708 | |
Adjustments and costs subsequent to acquisition | 77 | |
Gross carrying amount - Land | 490 | |
Gross carrying amount - Building and improvements | 10,785 | |
Gross carrying amount - Total | 11,275 | |
Accumulated depreciation | 70 | |
Jacksonville / Timuquana Rd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,600 | |
Land - initial cost | 1,000 | |
Building and improvements - initial cost | 3,744 | |
Adjustments and costs subsequent to acquisition | 140 | |
Gross carrying amount - Land | 1,000 | |
Gross carrying amount - Building and improvements | 3,884 | |
Gross carrying amount - Total | 4,884 | |
Accumulated depreciation | 26 | |
Kenneth City [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,245 | |
Land - initial cost | 805 | |
Building and improvements - initial cost | 3,345 | |
Adjustments and costs subsequent to acquisition | 58 | |
Gross carrying amount - Land | 805 | |
Gross carrying amount - Building and improvements | 3,403 | |
Gross carrying amount - Total | 4,208 | |
Accumulated depreciation | 274 | |
Lakeland / Harden Blvd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,767 | |
Land - initial cost | 593 | |
Building and improvements - initial cost | 4,701 | |
Adjustments and costs subsequent to acquisition | 209 | |
Gross carrying amount - Land | 593 | |
Gross carrying amount - Building and improvements | 4,910 | |
Gross carrying amount - Total | 5,503 | |
Accumulated depreciation | 518 | |
Lakeland / South Florida Ave [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,412 | |
Land - initial cost | 871 | |
Building and improvements - initial cost | 6,905 | |
Adjustments and costs subsequent to acquisition | 248 | |
Gross carrying amount - Land | 871 | |
Gross carrying amount - Building and improvements | 7,153 | |
Gross carrying amount - Total | 8,024 | |
Accumulated depreciation | 704 | |
Lakeland / US Hwy 98 [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 529 | |
Building and improvements - initial cost | 3,604 | |
Adjustments and costs subsequent to acquisition | 104 | |
Gross carrying amount - Land | 529 | |
Gross carrying amount - Building and improvements | 3,708 | |
Gross carrying amount - Total | 4,237 | |
Accumulated depreciation | 132 | |
Land O Lakes [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,333 | |
Land - initial cost | 798 | |
Building and improvements - initial cost | 4,490 | |
Adjustments and costs subsequent to acquisition | 2 | |
Gross carrying amount - Land | 799 | |
Gross carrying amount - Building and improvements | 4,491 | |
Gross carrying amount - Total | 5,290 | |
Accumulated depreciation | 377 | |
Madeira Beach [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,473 | |
Land - initial cost | 1,686 | |
Building and improvements - initial cost | 5,163 | |
Adjustments and costs subsequent to acquisition | 298 | |
Gross carrying amount - Land | 1,686 | |
Gross carrying amount - Building and improvements | 5,461 | |
Gross carrying amount - Total | 7,147 | |
Accumulated depreciation | 1,669 | |
Margate [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,234 | |
Land - initial cost | 430 | |
Building and improvements - initial cost | 3,139 | |
Adjustments and costs subsequent to acquisition | 1,495 | |
Gross carrying amount - Land | 469 | |
Gross carrying amount - Building and improvements | 4,595 | |
Gross carrying amount - Total | 5,064 | |
Accumulated depreciation | 1,579 | |
Miami / Coral Way [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,892 | |
Land - initial cost | 3,257 | |
Building and improvements - initial cost | 9,713 | |
Adjustments and costs subsequent to acquisition | 179 | |
Gross carrying amount - Land | 3,257 | |
Gross carrying amount - Building and improvements | 9,892 | |
Gross carrying amount - Total | 13,149 | |
Accumulated depreciation | 907 | |
Miami / Hammocks Blvd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,324 | |
Land - initial cost | 521 | |
Building and improvements - initial cost | 5,198 | |
Adjustments and costs subsequent to acquisition | 133 | |
Gross carrying amount - Land | 521 | |
Gross carrying amount - Building and improvements | 5,331 | |
Gross carrying amount - Total | 5,852 | |
Accumulated depreciation | 631 | |
Miami / NW 12th St [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,629 | |
Land - initial cost | 1,325 | |
Building and improvements - initial cost | 4,395 | |
Adjustments and costs subsequent to acquisition | 2,103 | |
Gross carrying amount - Land | 1,419 | |
Gross carrying amount - Building and improvements | 6,404 | |
Gross carrying amount - Total | 7,823 | |
Accumulated depreciation | 2,194 | |
Miami / NW 2nd Ave [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,559 | |
Land - initial cost | 1,979 | |
Building and improvements - initial cost | 6,513 | |
Adjustments and costs subsequent to acquisition | 191 | |
Gross carrying amount - Land | 1,979 | |
Gross carrying amount - Building and improvements | 6,704 | |
Gross carrying amount - Total | 8,683 | |
Accumulated depreciation | 630 | |
Miami / SW 147th Ave [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,375 | |
Building and improvements - initial cost | 5,543 | |
Adjustments and costs subsequent to acquisition | 111 | |
Gross carrying amount - Land | 2,374 | |
Gross carrying amount - Building and improvements | 5,655 | |
Gross carrying amount - Total | 8,029 | |
Accumulated depreciation | 666 | |
Miami / SW 186th St [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,312 | |
Land - initial cost | 1,238 | |
Building and improvements - initial cost | 7,597 | |
Adjustments and costs subsequent to acquisition | 368 | |
Gross carrying amount - Land | 1,238 | |
Gross carrying amount - Building and improvements | 7,965 | |
Gross carrying amount - Total | 9,203 | |
Accumulated depreciation | 1,897 | |
Miami / SW 68th Ave [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,887 | |
Land - initial cost | 3,305 | |
Building and improvements - initial cost | 11,997 | |
Adjustments and costs subsequent to acquisition | 53 | |
Gross carrying amount - Land | 3,305 | |
Gross carrying amount - Building and improvements | 12,050 | |
Gross carrying amount - Total | 15,355 | |
Accumulated depreciation | 659 | |
Miami / SW 72nd Street [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,730 | |
Land - initial cost | 5,315 | |
Building and improvements - initial cost | 4,305 | |
Adjustments and costs subsequent to acquisition | 2,113 | |
Gross carrying amount - Land | 5,859 | |
Gross carrying amount - Building and improvements | 5,874 | |
Gross carrying amount - Total | 11,733 | |
Accumulated depreciation | 2,086 | |
Miami Gardens [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,660 | |
Land - initial cost | 4,798 | |
Building and improvements - initial cost | 9,475 | |
Adjustments and costs subsequent to acquisition | 136 | |
Gross carrying amount - Land | 4,798 | |
Gross carrying amount - Building and improvements | 9,611 | |
Gross carrying amount - Total | 14,409 | |
Accumulated depreciation | 1,515 | |
Naples Goodlette Road [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 17,220 | |
Adjustments and costs subsequent to acquisition | 70 | |
Gross carrying amount - Building and improvements | 17,290 | |
Gross carrying amount - Total | 17,290 | |
Accumulated depreciation | 221 | |
Naples Old US Forty One [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,990 | |
Building and improvements - initial cost | 4,887 | |
Adjustments and costs subsequent to acquisition | 419 | |
Gross carrying amount - Land | 1,990 | |
Gross carrying amount - Building and improvements | 5,306 | |
Gross carrying amount - Total | 7,296 | |
Accumulated depreciation | 652 | |
Naranja [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,429 | |
Land - initial cost | 603 | |
Building and improvements - initial cost | 11,223 | |
Adjustments and costs subsequent to acquisition | 104 | |
Gross carrying amount - Land | 603 | |
Gross carrying amount - Building and improvements | 11,327 | |
Gross carrying amount - Total | 11,930 | |
Accumulated depreciation | 620 | |
North Lauderdale [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,016 | |
Land - initial cost | 428 | |
Building and improvements - initial cost | 3,516 | |
Adjustments and costs subsequent to acquisition | 1,015 | |
Gross carrying amount - Land | 459 | |
Gross carrying amount - Building and improvements | 4,500 | |
Gross carrying amount - Total | 4,959 | |
Accumulated depreciation | 2,010 | |
North Miami [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,429 | |
Land - initial cost | 1,256 | |
Building and improvements - initial cost | 6,535 | |
Adjustments and costs subsequent to acquisition | 634 | |
Gross carrying amount - Land | 1,256 | |
Gross carrying amount - Building and improvements | 7,169 | |
Gross carrying amount - Total | 8,425 | |
Accumulated depreciation | 2,345 | |
Oakland Park [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,764 | |
Land - initial cost | 2,030 | |
Building and improvements - initial cost | 19,241 | |
Adjustments and costs subsequent to acquisition | 126 | |
Gross carrying amount - Land | 2,030 | |
Gross carrying amount - Building and improvements | 19,367 | |
Gross carrying amount - Total | 21,397 | |
Accumulated depreciation | 125 | |
Ocoee [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,982 | |
Land - initial cost | 872 | |
Building and improvements - initial cost | 3,642 | |
Adjustments and costs subsequent to acquisition | 328 | |
Gross carrying amount - Land | 872 | |
Gross carrying amount - Building and improvements | 3,970 | |
Gross carrying amount - Total | 4,842 | |
Accumulated depreciation | 1,205 | |
Orlando / Hoffner Ave [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 512 | |
Building and improvements - initial cost | 6,697 | |
Gross carrying amount - Land | 512 | |
Gross carrying amount - Building and improvements | 6,697 | |
Gross carrying amount - Total | 7,209 | |
Orlando / Hunters Creek [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,760 | |
Land - initial cost | 2,233 | |
Building and improvements - initial cost | 9,223 | |
Adjustments and costs subsequent to acquisition | 515 | |
Gross carrying amount - Land | 2,233 | |
Gross carrying amount - Building and improvements | 9,738 | |
Gross carrying amount - Total | 11,971 | |
Accumulated depreciation | 2,888 | |
Orlando / LB McLeod Rd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,454 | |
Land - initial cost | 1,216 | |
Building and improvements - initial cost | 5,008 | |
Adjustments and costs subsequent to acquisition | 482 | |
Gross carrying amount - Land | 1,216 | |
Gross carrying amount - Building and improvements | 5,490 | |
Gross carrying amount - Total | 6,706 | |
Accumulated depreciation | 1,724 | |
Orlando Lee Rd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 535 | |
Building and improvements - initial cost | 5,364 | |
Adjustments and costs subsequent to acquisition | 2 | |
Gross carrying amount - Land | 535 | |
Gross carrying amount - Building and improvements | 5,366 | |
Gross carrying amount - Total | 5,901 | |
Accumulated depreciation | 64 | |
Orlando / Metrowest [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,566 | |
Land - initial cost | 1,474 | |
Building and improvements - initial cost | 6,101 | |
Adjustments and costs subsequent to acquisition | 304 | |
Gross carrying amount - Land | 1,474 | |
Gross carrying amount - Building and improvements | 6,405 | |
Gross carrying amount - Total | 7,879 | |
Accumulated depreciation | 1,897 | |
Orlando / Orange Blossom Trail [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 625 | |
Building and improvements - initial cost | 2,133 | |
Adjustments and costs subsequent to acquisition | 88 | |
Gross carrying amount - Land | 625 | |
Gross carrying amount - Building and improvements | 2,221 | |
Gross carrying amount - Total | 2,846 | |
Accumulated depreciation | 351 | |
Orlando / Waterford Lakes [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,603 | |
Land - initial cost | 1,166 | |
Building and improvements - initial cost | 4,816 | |
Adjustments and costs subsequent to acquisition | 1,301 | |
Gross carrying amount - Land | 1,166 | |
Gross carrying amount - Building and improvements | 6,117 | |
Gross carrying amount - Total | 7,283 | |
Accumulated depreciation | 1,733 | |
Palm Springs [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,108 | |
Building and improvements - initial cost | 8,028 | |
Adjustments and costs subsequent to acquisition | 159 | |
Gross carrying amount - Land | 2,108 | |
Gross carrying amount - Building and improvements | 8,187 | |
Gross carrying amount - Total | 10,295 | |
Accumulated depreciation | 468 | |
Plantation [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,850 | |
Gross carrying amount - Land | 2,346 | |
Gross carrying amount - Total | 2,346 | |
Plantation [Member] | Florida [Member] | Adjustment For Impairment Charge [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (1,504) | |
Port Charlotte [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,389 | |
Building and improvements - initial cost | 4,632 | |
Adjustments and costs subsequent to acquisition | 267 | |
Gross carrying amount - Land | 1,389 | |
Gross carrying amount - Building and improvements | 4,899 | |
Gross carrying amount - Total | 6,288 | |
Accumulated depreciation | 1,497 | |
Riverview [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,595 | |
Land - initial cost | 654 | |
Building and improvements - initial cost | 2,953 | |
Adjustments and costs subsequent to acquisition | 311 | |
Gross carrying amount - Land | 654 | |
Gross carrying amount - Building and improvements | 3,264 | |
Gross carrying amount - Total | 3,918 | |
Accumulated depreciation | 1,030 | |
Sarasota / Clark Rd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,803 | |
Land - initial cost | 4,666 | |
Building and improvements - initial cost | 9,016 | |
Adjustments and costs subsequent to acquisition | 287 | |
Gross carrying amount - Land | 4,666 | |
Gross carrying amount - Building and improvements | 9,303 | |
Gross carrying amount - Total | 13,969 | |
Accumulated depreciation | 777 | |
Sarasota / Washington Blvd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,192 | |
Building and improvements - initial cost | 2,919 | |
Adjustments and costs subsequent to acquisition | 29 | |
Gross carrying amount - Land | 1,192 | |
Gross carrying amount - Building and improvements | 2,948 | |
Gross carrying amount - Total | 4,140 | |
Accumulated depreciation | 78 | |
Seminole [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,324 | |
Land - initial cost | 1,133 | |
Building and improvements - initial cost | 3,017 | |
Adjustments and costs subsequent to acquisition | 188 | |
Gross carrying amount - Land | 1,133 | |
Gross carrying amount - Building and improvements | 3,205 | |
Gross carrying amount - Total | 4,338 | |
Accumulated depreciation | 271 | |
South Pasadena [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,420 | |
Land - initial cost | 8,890 | |
Building and improvements - initial cost | 10,106 | |
Adjustments and costs subsequent to acquisition | 96 | |
Gross carrying amount - Land | 8,890 | |
Gross carrying amount - Building and improvements | 10,202 | |
Gross carrying amount - Total | 19,092 | |
Accumulated depreciation | 273 | |
Stuart Gran Park Way [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,895 | |
Land - initial cost | 1,640 | |
Building and improvements - initial cost | 8,358 | |
Adjustments and costs subsequent to acquisition | 143 | |
Gross carrying amount - Land | 1,640 | |
Gross carrying amount - Building and improvements | 8,501 | |
Gross carrying amount - Total | 10,141 | |
Accumulated depreciation | 391 | |
Stuart Kanner Hwy [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,250 | |
Building and improvements - initial cost | 5,007 | |
Adjustments and costs subsequent to acquisition | 76 | |
Gross carrying amount - Land | 1,250 | |
Gross carrying amount - Building and improvements | 5,083 | |
Gross carrying amount - Total | 6,333 | |
Accumulated depreciation | 33 | |
Stuart NW Federal Hwy One [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 760 | |
Building and improvements - initial cost | 3,125 | |
Adjustments and costs subsequent to acquisition | 83 | |
Gross carrying amount - Land | 760 | |
Gross carrying amount - Building and improvements | 3,208 | |
Gross carrying amount - Total | 3,968 | |
Accumulated depreciation | 21 | |
Tallahassee [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,225 | |
Land - initial cost | 1,460 | |
Building and improvements - initial cost | 21,471 | |
Gross carrying amount - Land | 1,460 | |
Gross carrying amount - Building and improvements | 21,471 | |
Gross carrying amount - Total | 22,931 | |
Accumulated depreciation | 138 | |
Tamiami [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 5,042 | |
Building and improvements - initial cost | 7,164 | |
Adjustments and costs subsequent to acquisition | 329 | |
Gross carrying amount - Land | 5,042 | |
Gross carrying amount - Building and improvements | 7,493 | |
Gross carrying amount - Total | 12,535 | |
Accumulated depreciation | 1,014 | |
Tampa / Cypress St [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,523 | |
Land - initial cost | 883 | |
Building and improvements - initial cost | 3,533 | |
Adjustments and costs subsequent to acquisition | 160 | |
Gross carrying amount - Land | 881 | |
Gross carrying amount - Building and improvements | 3,695 | |
Gross carrying amount - Total | 4,576 | |
Accumulated depreciation | 928 | |
Tampa / W Cleveland St [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,551 | |
Land - initial cost | 1,425 | |
Building and improvements - initial cost | 4,766 | |
Adjustments and costs subsequent to acquisition | 316 | |
Gross carrying amount - Land | 1,425 | |
Gross carrying amount - Building and improvements | 5,082 | |
Gross carrying amount - Total | 6,507 | |
Accumulated depreciation | 1,307 | |
Tampa / W Hillsborough Ave [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,374 | |
Land - initial cost | 1,086 | |
Building and improvements - initial cost | 2,937 | |
Adjustments and costs subsequent to acquisition | 385 | |
Gross carrying amount - Land | 1,086 | |
Gross carrying amount - Building and improvements | 3,322 | |
Gross carrying amount - Total | 4,408 | |
Accumulated depreciation | 87 | |
Valrico [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,358 | |
Land - initial cost | 1,197 | |
Building and improvements - initial cost | 4,411 | |
Adjustments and costs subsequent to acquisition | 284 | |
Gross carrying amount - Land | 1,197 | |
Gross carrying amount - Building and improvements | 4,695 | |
Gross carrying amount - Total | 5,892 | |
Accumulated depreciation | 1,475 | |
West Palm Beach / Forest Hill Bl [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,164 | |
Building and improvements - initial cost | 2,511 | |
Adjustments and costs subsequent to acquisition | 733 | |
Gross carrying amount - Land | 1,246 | |
Gross carrying amount - Building and improvements | 3,162 | |
Gross carrying amount - Total | 4,408 | |
Accumulated depreciation | 1,340 | |
West Palm Beach / N Military Trail 1 [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,415 | |
Land - initial cost | 1,312 | |
Building and improvements - initial cost | 2,511 | |
Adjustments and costs subsequent to acquisition | 953 | |
Gross carrying amount - Land | 1,416 | |
Gross carrying amount - Building and improvements | 3,360 | |
Gross carrying amount - Total | 4,776 | |
Accumulated depreciation | 1,436 | |
West Palm Beach / N Military Trail 2 [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,595 | |
Building and improvements - initial cost | 2,833 | |
Adjustments and costs subsequent to acquisition | 105 | |
Gross carrying amount - Land | 1,595 | |
Gross carrying amount - Building and improvements | 2,938 | |
Gross carrying amount - Total | 4,533 | |
Accumulated depreciation | 429 | |
West Palm Beach / S Military Trail [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,340 | |
Land - initial cost | 1,729 | |
Building and improvements - initial cost | 4,058 | |
Adjustments and costs subsequent to acquisition | 102 | |
Gross carrying amount - Land | 1,730 | |
Gross carrying amount - Building and improvements | 4,159 | |
Gross carrying amount - Total | 5,889 | |
Accumulated depreciation | 463 | |
West Palm Beach / Southern Blvd [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,752 | |
Building and improvements - initial cost | 4,909 | |
Adjustments and costs subsequent to acquisition | 450 | |
Gross carrying amount - Land | 1,752 | |
Gross carrying amount - Building and improvements | 5,359 | |
Gross carrying amount - Total | 7,111 | |
Accumulated depreciation | 1,696 | |
Weston [Member] | Florida [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,009 | |
Land - initial cost | 1,680 | |
Building and improvements - initial cost | 11,342 | |
Adjustments and costs subsequent to acquisition | 89 | |
Gross carrying amount - Land | 1,680 | |
Gross carrying amount - Building and improvements | 11,431 | |
Gross carrying amount - Total | 13,111 | |
Accumulated depreciation | 74 | |
Alpharetta Holcomb Bridge Rd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,973 | |
Building and improvements - initial cost | 1,587 | |
Adjustments and costs subsequent to acquisition | 295 | |
Gross carrying amount - Land | 1,973 | |
Gross carrying amount - Building and improvements | 1,882 | |
Gross carrying amount - Total | 3,855 | |
Accumulated depreciation | 623 | |
Alpharetta Jones Bridge Rd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,781 | |
Land - initial cost | 1,420 | |
Building and improvements - initial cost | 8,902 | |
Adjustments and costs subsequent to acquisition | 28 | |
Gross carrying amount - Land | 1,420 | |
Gross carrying amount - Building and improvements | 8,930 | |
Gross carrying amount - Total | 10,350 | |
Accumulated depreciation | 57 | |
Alpharetta North Main St [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,075 | |
Land - initial cost | 1,893 | |
Building and improvements - initial cost | 3,161 | |
Adjustments and costs subsequent to acquisition | 191 | |
Gross carrying amount - Land | 1,894 | |
Gross carrying amount - Building and improvements | 3,351 | |
Gross carrying amount - Total | 5,245 | |
Accumulated depreciation | 884 | |
Atlanta / Chattahoochee Ave [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,132 | |
Building and improvements - initial cost | 10,080 | |
Adjustments and costs subsequent to acquisition | 103 | |
Gross carrying amount - Land | 1,132 | |
Gross carrying amount - Building and improvements | 10,183 | |
Gross carrying amount - Total | 11,315 | |
Accumulated depreciation | 368 | |
Atlanta / Cheshire Bridge Rd NE [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,791 | |
Land - initial cost | 3,737 | |
Building and improvements - initial cost | 8,333 | |
Adjustments and costs subsequent to acquisition | 726 | |
Gross carrying amount - Land | 3,738 | |
Gross carrying amount - Building and improvements | 9,058 | |
Gross carrying amount - Total | 12,796 | |
Accumulated depreciation | 2,763 | |
Atlanta / Edgewood Ave SE [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,699 | |
Land - initial cost | 588 | |
Building and improvements - initial cost | 10,295 | |
Adjustments and costs subsequent to acquisition | 59 | |
Gross carrying amount - Land | 588 | |
Gross carrying amount - Building and improvements | 10,354 | |
Gross carrying amount - Total | 10,942 | |
Accumulated depreciation | 320 | |
Atlanta / Mt Vernon Hwy [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,961 | |
Building and improvements - initial cost | 19,819 | |
Adjustments and costs subsequent to acquisition | 94 | |
Gross carrying amount - Land | 2,961 | |
Gross carrying amount - Building and improvements | 19,913 | |
Gross carrying amount - Total | 22,874 | |
Accumulated depreciation | 877 | |
Atlanta / Roswell Rd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,665 | |
Building and improvements - initial cost | 2,028 | |
Adjustments and costs subsequent to acquisition | 292 | |
Gross carrying amount - Land | 1,665 | |
Gross carrying amount - Building and improvements | 2,320 | |
Gross carrying amount - Total | 3,985 | |
Accumulated depreciation | 762 | |
Atlanta / Virginia Ave [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,294 | |
Land - initial cost | 3,319 | |
Building and improvements - initial cost | 8,325 | |
Adjustments and costs subsequent to acquisition | 729 | |
Gross carrying amount - Land | 3,319 | |
Gross carrying amount - Building and improvements | 9,054 | |
Gross carrying amount - Total | 12,373 | |
Accumulated depreciation | 2,706 | |
Augusta [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,025 | |
Land - initial cost | 710 | |
Building and improvements - initial cost | 2,299 | |
Adjustments and costs subsequent to acquisition | 85 | |
Gross carrying amount - Land | 710 | |
Gross carrying amount - Building and improvements | 2,384 | |
Gross carrying amount - Total | 3,094 | |
Accumulated depreciation | 133 | |
Austell [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,325 | |
Land - initial cost | 540 | |
Building and improvements - initial cost | 6,550 | |
Adjustments and costs subsequent to acquisition | 32 | |
Gross carrying amount - Land | 540 | |
Gross carrying amount - Building and improvements | 6,582 | |
Gross carrying amount - Total | 7,122 | |
Accumulated depreciation | 42 | |
Buford [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 500 | |
Building and improvements - initial cost | 5,484 | |
Adjustments and costs subsequent to acquisition | 23 | |
Gross carrying amount - Land | 500 | |
Gross carrying amount - Building and improvements | 5,507 | |
Gross carrying amount - Total | 6,007 | |
Accumulated depreciation | 35 | |
Dacula / Auburn Rd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,468 | |
Land - initial cost | 2,087 | |
Building and improvements - initial cost | 4,295 | |
Adjustments and costs subsequent to acquisition | 136 | |
Gross carrying amount - Land | 2,087 | |
Gross carrying amount - Building and improvements | 4,431 | |
Gross carrying amount - Total | 6,518 | |
Accumulated depreciation | 56 | |
Dacula Braselton Hwy [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,670 | |
Land - initial cost | 1,993 | |
Building and improvements - initial cost | 3,001 | |
Adjustments and costs subsequent to acquisition | 180 | |
Gross carrying amount - Land | 1,993 | |
Gross carrying amount - Building and improvements | 3,181 | |
Gross carrying amount - Total | 5,174 | |
Accumulated depreciation | 863 | |
Douglasville [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,209 | |
Building and improvements - initial cost | 719 | |
Adjustments and costs subsequent to acquisition | 398 | |
Gross carrying amount - Land | 1,209 | |
Gross carrying amount - Building and improvements | 1,117 | |
Gross carrying amount - Total | 2,326 | |
Accumulated depreciation | 241 | |
Duluth Berkeley Lake Rd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,014 | |
Land - initial cost | 1,350 | |
Building and improvements - initial cost | 5,718 | |
Adjustments and costs subsequent to acquisition | 31 | |
Gross carrying amount - Land | 1,350 | |
Gross carrying amount - Building and improvements | 5,749 | |
Gross carrying amount - Total | 7,099 | |
Accumulated depreciation | 37 | |
Duluth Breckinridge Blvd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,834 | |
Land - initial cost | 1,160 | |
Building and improvements - initial cost | 6,336 | |
Adjustments and costs subsequent to acquisition | 63 | |
Gross carrying amount - Land | 1,160 | |
Gross carrying amount - Building and improvements | 6,399 | |
Gross carrying amount - Total | 7,559 | |
Accumulated depreciation | 41 | |
Duluth Peachtree Industrial Blvd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,163 | |
Land - initial cost | 440 | |
Building and improvements - initial cost | 7,516 | |
Adjustments and costs subsequent to acquisition | 26 | |
Gross carrying amount - Land | 440 | |
Gross carrying amount - Building and improvements | 7,542 | |
Gross carrying amount - Total | 7,982 | |
Accumulated depreciation | 48 | |
Eastpoint [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,497 | |
Land - initial cost | 1,718 | |
Building and improvements - initial cost | 6,388 | |
Adjustments and costs subsequent to acquisition | 171 | |
Gross carrying amount - Land | 1,718 | |
Gross carrying amount - Building and improvements | 6,559 | |
Gross carrying amount - Total | 8,277 | |
Accumulated depreciation | 540 | |
Ellenwood [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,666 | |
Land - initial cost | 260 | |
Building and improvements - initial cost | 3,992 | |
Adjustments and costs subsequent to acquisition | 26 | |
Gross carrying amount - Land | 260 | |
Gross carrying amount - Building and improvements | 4,018 | |
Gross carrying amount - Total | 4,278 | |
Accumulated depreciation | 26 | |
Johns Creek [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,373 | |
Land - initial cost | 1,454 | |
Building and improvements - initial cost | 4,151 | |
Adjustments and costs subsequent to acquisition | 177 | |
Gross carrying amount - Land | 1,454 | |
Gross carrying amount - Building and improvements | 4,328 | |
Gross carrying amount - Total | 5,782 | |
Accumulated depreciation | 1,000 | |
Jonesboro [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 540 | |
Building and improvements - initial cost | 6,174 | |
Adjustments and costs subsequent to acquisition | 14 | |
Gross carrying amount - Land | 540 | |
Gross carrying amount - Building and improvements | 6,188 | |
Gross carrying amount - Total | 6,728 | |
Accumulated depreciation | 40 | |
Kennesaw Cobb Parkway NW [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 673 | |
Building and improvements - initial cost | 1,151 | |
Adjustments and costs subsequent to acquisition | 195 | |
Gross carrying amount - Land | 673 | |
Gross carrying amount - Building and improvements | 1,346 | |
Gross carrying amount - Total | 2,019 | |
Accumulated depreciation | 237 | |
Kennesaw George Busbee Pkwy [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,702 | |
Land - initial cost | 500 | |
Building and improvements - initial cost | 9,126 | |
Gross carrying amount - Land | 500 | |
Gross carrying amount - Building and improvements | 9,126 | |
Gross carrying amount - Total | 9,626 | |
Accumulated depreciation | 59 | |
Lawrenceville / Hurricane Shoals Rd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,335 | |
Land - initial cost | 2,117 | |
Building and improvements - initial cost | 2,784 | |
Adjustments and costs subsequent to acquisition | 291 | |
Gross carrying amount - Land | 2,117 | |
Gross carrying amount - Building and improvements | 3,075 | |
Gross carrying amount - Total | 5,192 | |
Accumulated depreciation | 191 | |
Lawrenceville / Lawrenceville Hwy One [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 730 | |
Building and improvements - initial cost | 3,058 | |
Adjustments and costs subsequent to acquisition | 27 | |
Gross carrying amount - Land | 730 | |
Gross carrying amount - Building and improvements | 3,085 | |
Gross carrying amount - Total | 3,815 | |
Accumulated depreciation | 20 | |
Lawrenceville / Lawrenceville Hwy Two [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,025 | |
Land - initial cost | 1,510 | |
Building and improvements - initial cost | 4,674 | |
Adjustments and costs subsequent to acquisition | 31 | |
Gross carrying amount - Land | 1,510 | |
Gross carrying amount - Building and improvements | 4,705 | |
Gross carrying amount - Total | 6,215 | |
Accumulated depreciation | 30 | |
Lawrenceville / Old Norcross Rd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 870 | |
Building and improvements - initial cost | 3,705 | |
Gross carrying amount - Land | 870 | |
Gross carrying amount - Building and improvements | 3,705 | |
Gross carrying amount - Total | 4,575 | |
Accumulated depreciation | 24 | |
Lithonia [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,958 | |
Building and improvements - initial cost | 3,645 | |
Adjustments and costs subsequent to acquisition | 137 | |
Gross carrying amount - Land | 1,958 | |
Gross carrying amount - Building and improvements | 3,782 | |
Gross carrying amount - Total | 5,740 | |
Accumulated depreciation | 625 | |
Marietta / Austell Rd SW [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,070 | |
Building and improvements - initial cost | 3,560 | |
Adjustments and costs subsequent to acquisition | 11 | |
Gross carrying amount - Land | 1,070 | |
Gross carrying amount - Building and improvements | 3,571 | |
Gross carrying amount - Total | 4,641 | |
Accumulated depreciation | 23 | |
Marietta / Cobb Parkway N [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 887 | |
Building and improvements - initial cost | 2,617 | |
Adjustments and costs subsequent to acquisition | 332 | |
Gross carrying amount - Land | 887 | |
Gross carrying amount - Building and improvements | 2,949 | |
Gross carrying amount - Total | 3,836 | |
Accumulated depreciation | 488 | |
Marietta / Powers Ferry Rd [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,421 | |
Land - initial cost | 430 | |
Building and improvements - initial cost | 9,242 | |
Adjustments and costs subsequent to acquisition | 24 | |
Gross carrying amount - Land | 430 | |
Gross carrying amount - Building and improvements | 9,266 | |
Gross carrying amount - Total | 9,696 | |
Accumulated depreciation | 59 | |
Marietta / West Oak Pkwy [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,343 | |
Land - initial cost | 500 | |
Building and improvements - initial cost | 6,395 | |
Adjustments and costs subsequent to acquisition | 21 | |
Gross carrying amount - Land | 500 | |
Gross carrying amount - Building and improvements | 6,416 | |
Gross carrying amount - Total | 6,916 | |
Accumulated depreciation | 41 | |
Peachtree City [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,080 | |
Building and improvements - initial cost | 8,628 | |
Adjustments and costs subsequent to acquisition | 12 | |
Gross carrying amount - Land | 1,080 | |
Gross carrying amount - Building and improvements | 8,640 | |
Gross carrying amount - Total | 9,720 | |
Accumulated depreciation | 55 | |
Powder Springs [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,595 | |
Land - initial cost | 370 | |
Building and improvements - initial cost | 6,014 | |
Adjustments and costs subsequent to acquisition | 61 | |
Gross carrying amount - Land | 370 | |
Gross carrying amount - Building and improvements | 6,075 | |
Gross carrying amount - Total | 6,445 | |
Accumulated depreciation | 78 | |
Sandy Springs [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,919 | |
Land - initial cost | 1,740 | |
Building and improvements - initial cost | 11,439 | |
Adjustments and costs subsequent to acquisition | 23 | |
Gross carrying amount - Land | 1,740 | |
Gross carrying amount - Building and improvements | 11,462 | |
Gross carrying amount - Total | 13,202 | |
Accumulated depreciation | 73 | |
Savannah / King George Blvd One [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,935 | |
Land - initial cost | 390 | |
Building and improvements - initial cost | 4,889 | |
Adjustments and costs subsequent to acquisition | 17 | |
Gross carrying amount - Land | 390 | |
Gross carrying amount - Building and improvements | 4,906 | |
Gross carrying amount - Total | 5,296 | |
Accumulated depreciation | 31 | |
Savannah / King George Blvd Two [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 390 | |
Building and improvements - initial cost | 3,370 | |
Adjustments and costs subsequent to acquisition | 18 | |
Gross carrying amount - Land | 390 | |
Gross carrying amount - Building and improvements | 3,388 | |
Gross carrying amount - Total | 3,778 | |
Accumulated depreciation | 22 | |
Sharpsburg [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,852 | |
Land - initial cost | 360 | |
Building and improvements - initial cost | 8,455 | |
Adjustments and costs subsequent to acquisition | 21 | |
Gross carrying amount - Land | 360 | |
Gross carrying amount - Building and improvements | 8,476 | |
Gross carrying amount - Total | 8,836 | |
Accumulated depreciation | 54 | |
Smyrna [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,553 | |
Land - initial cost | 1,360 | |
Building and improvements - initial cost | 7,002 | |
Adjustments and costs subsequent to acquisition | 35 | |
Gross carrying amount - Land | 1,360 | |
Gross carrying amount - Building and improvements | 7,037 | |
Gross carrying amount - Total | 8,397 | |
Accumulated depreciation | 45 | |
Snellville [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,691 | |
Building and improvements - initial cost | 4,026 | |
Adjustments and costs subsequent to acquisition | 330 | |
Gross carrying amount - Land | 2,691 | |
Gross carrying amount - Building and improvements | 4,356 | |
Gross carrying amount - Total | 7,047 | |
Accumulated depreciation | 1,384 | |
Stone Mountain / Annistown Rd, GA [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,784 | |
Land - initial cost | 1,817 | |
Building and improvements - initial cost | 4,382 | |
Adjustments and costs subsequent to acquisition | 328 | |
Gross carrying amount - Land | 1,817 | |
Gross carrying amount - Building and improvements | 4,710 | |
Gross carrying amount - Total | 6,527 | |
Accumulated depreciation | 1,464 | |
Stone Mountain / S Hairston Rd, GA [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,518 | |
Land - initial cost | 925 | |
Building and improvements - initial cost | 3,505 | |
Adjustments and costs subsequent to acquisition | 407 | |
Gross carrying amount - Land | 925 | |
Gross carrying amount - Building and improvements | 3,912 | |
Gross carrying amount - Total | 4,837 | |
Accumulated depreciation | 1,157 | |
Sugar Hill / Nelson Brogdon Blvd 1 [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,371 | |
Building and improvements - initial cost | 2,547 | |
Adjustments and costs subsequent to acquisition | 223 | |
Gross carrying amount - Land | 1,371 | |
Gross carrying amount - Building and improvements | 2,770 | |
Gross carrying amount - Total | 4,141 | |
Accumulated depreciation | 684 | |
Sugar Hill / Nelson Brogdon Blvd 2 [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,368 | |
Building and improvements - initial cost | 2,540 | |
Adjustments and costs subsequent to acquisition | 270 | |
Gross carrying amount - Land | 1,367 | |
Gross carrying amount - Building and improvements | 2,811 | |
Gross carrying amount - Total | 4,178 | |
Accumulated depreciation | 689 | |
Tucker [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,848 | |
Land - initial cost | 1,773 | |
Building and improvements - initial cost | 10,456 | |
Adjustments and costs subsequent to acquisition | 67 | |
Gross carrying amount - Land | 1,773 | |
Gross carrying amount - Building and improvements | 10,523 | |
Gross carrying amount - Total | 12,296 | |
Accumulated depreciation | 598 | |
Wilmington Island [Member] | GEORGIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,571 | |
Land - initial cost | 760 | |
Building and improvements - initial cost | 9,423 | |
Adjustments and costs subsequent to acquisition | 32 | |
Gross carrying amount - Land | 760 | |
Gross carrying amount - Building and improvements | 9,455 | |
Gross carrying amount - Total | 10,215 | |
Accumulated depreciation | 60 | |
Honolulu [Member] | HAWAII | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 17,382 | |
Land - initial cost | 4,674 | |
Building and improvements - initial cost | 18,350 | |
Adjustments and costs subsequent to acquisition | 183 | |
Gross carrying amount - Land | 4,674 | |
Gross carrying amount - Building and improvements | 18,533 | |
Gross carrying amount - Total | 23,207 | |
Accumulated depreciation | 1,257 | |
Kahului [Member] | HAWAII | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,984 | |
Building and improvements - initial cost | 15,044 | |
Adjustments and costs subsequent to acquisition | 917 | |
Gross carrying amount - Land | 3,984 | |
Gross carrying amount - Building and improvements | 15,961 | |
Gross carrying amount - Total | 19,945 | |
Accumulated depreciation | 3,724 | |
Kapolei / Farrington Hwy 1 [Member] | HAWAII | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,289 | |
Building and improvements - initial cost | 24,701 | |
Adjustments and costs subsequent to acquisition | 564 | |
Gross carrying amount - Building and improvements | 25,265 | |
Gross carrying amount - Total | 25,265 | |
Accumulated depreciation | 5,686 | |
Kapolei / Farrington Hwy 2 [Member] | HAWAII | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,137 | |
Building and improvements - initial cost | 7,776 | |
Adjustments and costs subsequent to acquisition | 63 | |
Gross carrying amount - Building and improvements | 7,839 | |
Gross carrying amount - Total | 7,839 | |
Accumulated depreciation | 412 | |
Wahiawa [Member] | HAWAII | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,553 | |
Land - initial cost | 1,317 | |
Building and improvements - initial cost | 2,626 | |
Adjustments and costs subsequent to acquisition | 120 | |
Gross carrying amount - Land | 1,317 | |
Gross carrying amount - Building and improvements | 2,746 | |
Gross carrying amount - Total | 4,063 | |
Accumulated depreciation | 194 | |
Bedford Park [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,469 | |
Land - initial cost | 922 | |
Building and improvements - initial cost | 3,289 | |
Adjustments and costs subsequent to acquisition | 351 | |
Gross carrying amount - Land | 922 | |
Gross carrying amount - Building and improvements | 3,640 | |
Gross carrying amount - Total | 4,562 | |
Accumulated depreciation | 209 | |
Berwyn [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 965 | |
Building and improvements - initial cost | 9,085 | |
Adjustments and costs subsequent to acquisition | 145 | |
Gross carrying amount - Land | 965 | |
Gross carrying amount - Building and improvements | 9,230 | |
Gross carrying amount - Total | 10,195 | |
Accumulated depreciation | 119 | |
Chicago / 60th Street [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,910 | |
Land - initial cost | 1,363 | |
Building and improvements - initial cost | 5,850 | |
Adjustments and costs subsequent to acquisition | 149 | |
Gross carrying amount - Land | 1,363 | |
Gross carrying amount - Building and improvements | 5,999 | |
Gross carrying amount - Total | 7,362 | |
Accumulated depreciation | 336 | |
Chicago / 87th St [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,846 | |
Land - initial cost | 2,881 | |
Building and improvements - initial cost | 6,324 | |
Adjustments and costs subsequent to acquisition | 95 | |
Gross carrying amount - Land | 2,881 | |
Gross carrying amount - Building and improvements | 6,419 | |
Gross carrying amount - Total | 9,300 | |
Accumulated depreciation | 349 | |
Chicago / Ninety fiveth St [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 750 | |
Building and improvements - initial cost | 7,828 | |
Adjustments and costs subsequent to acquisition | 97 | |
Gross carrying amount - Land | 750 | |
Gross carrying amount - Building and improvements | 7,925 | |
Gross carrying amount - Total | 8,675 | |
Accumulated depreciation | 51 | |
Chicago / Montrose [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,276 | |
Land - initial cost | 1,318 | |
Building and improvements - initial cost | 9,485 | |
Adjustments and costs subsequent to acquisition | 66 | |
Gross carrying amount - Land | 1,318 | |
Gross carrying amount - Building and improvements | 9,551 | |
Gross carrying amount - Total | 10,869 | |
Accumulated depreciation | 718 | |
Chicago / Pulaski Rd [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,615 | |
Land - initial cost | 1,143 | |
Building and improvements - initial cost | 6,138 | |
Adjustments and costs subsequent to acquisition | 308 | |
Gross carrying amount - Land | 1,143 | |
Gross carrying amount - Building and improvements | 6,446 | |
Gross carrying amount - Total | 7,589 | |
Accumulated depreciation | 352 | |
Chicago / South Wabash [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 621 | |
Building and improvements - initial cost | 3,428 | |
Adjustments and costs subsequent to acquisition | 2,226 | |
Gross carrying amount - Land | 621 | |
Gross carrying amount - Building and improvements | 5,654 | |
Gross carrying amount - Total | 6,275 | |
Accumulated depreciation | 1,618 | |
Chicago / Stony Island [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,925 | |
Gross carrying amount - Land | 1,925 | |
Gross carrying amount - Total | 1,925 | |
Chicago / West Addison [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,433 | |
Land - initial cost | 449 | |
Building and improvements - initial cost | 2,471 | |
Adjustments and costs subsequent to acquisition | 804 | |
Gross carrying amount - Land | 449 | |
Gross carrying amount - Building and improvements | 3,275 | |
Gross carrying amount - Total | 3,724 | |
Accumulated depreciation | 1,122 | |
Chicago / West Harrison [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,477 | |
Land - initial cost | 472 | |
Building and improvements - initial cost | 2,582 | |
Adjustments and costs subsequent to acquisition | 2,820 | |
Gross carrying amount - Land | 472 | |
Gross carrying amount - Building and improvements | 5,402 | |
Gross carrying amount - Total | 5,874 | |
Accumulated depreciation | 1,186 | |
Chicago / Western Ave [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 670 | |
Building and improvements - initial cost | 4,718 | |
Adjustments and costs subsequent to acquisition | 101 | |
Gross carrying amount - Land | 670 | |
Gross carrying amount - Building and improvements | 4,819 | |
Gross carrying amount - Total | 5,489 | |
Accumulated depreciation | 32 | |
Cicero / Ogden Ave [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,590 | |
Building and improvements - initial cost | 9,371 | |
Adjustments and costs subsequent to acquisition | 68 | |
Gross carrying amount - Land | 1,590 | |
Gross carrying amount - Building and improvements | 9,439 | |
Gross carrying amount - Total | 11,029 | |
Accumulated depreciation | 61 | |
Cicero / Roosevelt Rd [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 910 | |
Building and improvements - initial cost | 3,224 | |
Adjustments and costs subsequent to acquisition | 80 | |
Gross carrying amount - Land | 910 | |
Gross carrying amount - Building and improvements | 3,304 | |
Gross carrying amount - Total | 4,214 | |
Accumulated depreciation | 21 | |
Crest Hill [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,340 | |
Land - initial cost | 847 | |
Building and improvements - initial cost | 2,946 | |
Adjustments and costs subsequent to acquisition | 812 | |
Gross carrying amount - Land | 968 | |
Gross carrying amount - Building and improvements | 3,637 | |
Gross carrying amount - Total | 4,605 | |
Accumulated depreciation | 1,187 | |
Gurnee [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,374 | |
Building and improvements - initial cost | 8,296 | |
Adjustments and costs subsequent to acquisition | 128 | |
Gross carrying amount - Land | 1,374 | |
Gross carrying amount - Building and improvements | 8,424 | |
Gross carrying amount - Total | 9,798 | |
Accumulated depreciation | 1,803 | |
Highland Park [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,852 | |
Land - initial cost | 5,798 | |
Building and improvements - initial cost | 6,016 | |
Adjustments and costs subsequent to acquisition | 105 | |
Gross carrying amount - Land | 5,798 | |
Gross carrying amount - Building and improvements | 6,121 | |
Gross carrying amount - Total | 11,919 | |
Accumulated depreciation | 667 | |
Lincolnshire [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,585 | |
Land - initial cost | 1,438 | |
Building and improvements - initial cost | 5,128 | |
Adjustments and costs subsequent to acquisition | 34 | |
Gross carrying amount - Land | 1,438 | |
Gross carrying amount - Building and improvements | 5,162 | |
Gross carrying amount - Total | 6,600 | |
Accumulated depreciation | 281 | |
Naperville / Ogden Avenue [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,800 | |
Building and improvements - initial cost | 7,355 | |
Gross carrying amount - Land | 1,950 | |
Gross carrying amount - Building and improvements | 7,494 | |
Gross carrying amount - Total | 9,444 | |
Accumulated depreciation | 1,385 | |
Naperville / Ogden Avenue [Member] | ILLINOIS | Adjustment For Impairment Charge [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (711) | |
Naperville / State Route 59 [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,734 | |
Land - initial cost | 1,860 | |
Building and improvements - initial cost | 5,793 | |
Adjustments and costs subsequent to acquisition | 108 | |
Gross carrying amount - Land | 1,860 | |
Gross carrying amount - Building and improvements | 5,901 | |
Gross carrying amount - Total | 7,761 | |
Accumulated depreciation | 636 | |
North Aurora [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,409 | |
Land - initial cost | 600 | |
Building and improvements - initial cost | 5,833 | |
Adjustments and costs subsequent to acquisition | 143 | |
Gross carrying amount - Land | 600 | |
Gross carrying amount - Building and improvements | 5,976 | |
Gross carrying amount - Total | 6,576 | |
Accumulated depreciation | 1,210 | |
Skokie [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,857 | |
Land - initial cost | 1,119 | |
Building and improvements - initial cost | 7,502 | |
Adjustments and costs subsequent to acquisition | 208 | |
Gross carrying amount - Land | 1,119 | |
Gross carrying amount - Building and improvements | 7,710 | |
Gross carrying amount - Total | 8,829 | |
Accumulated depreciation | 710 | |
South Holland [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,382 | |
Land - initial cost | 839 | |
Building and improvements - initial cost | 2,879 | |
Adjustments and costs subsequent to acquisition | 374 | |
Gross carrying amount - Land | 865 | |
Gross carrying amount - Building and improvements | 3,227 | |
Gross carrying amount - Total | 4,092 | |
Accumulated depreciation | 1,147 | |
Tinley Park [Member] | ILLINOIS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,823 | |
Building and improvements - initial cost | 4,794 | |
Adjustments and costs subsequent to acquisition | 993 | |
Gross carrying amount - Land | 1,548 | |
Gross carrying amount - Building and improvements | 6,062 | |
Gross carrying amount - Total | 7,610 | |
Accumulated depreciation | 985 | |
Carmel [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,929 | |
Land - initial cost | 1,169 | |
Building and improvements - initial cost | 4,393 | |
Adjustments and costs subsequent to acquisition | 284 | |
Gross carrying amount - Land | 1,169 | |
Gross carrying amount - Building and improvements | 4,677 | |
Gross carrying amount - Total | 5,846 | |
Accumulated depreciation | 985 | |
Connersville [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,097 | |
Land - initial cost | 472 | |
Building and improvements - initial cost | 315 | |
Adjustments and costs subsequent to acquisition | 120 | |
Gross carrying amount - Land | 472 | |
Gross carrying amount - Building and improvements | 435 | |
Gross carrying amount - Total | 907 | |
Accumulated depreciation | 82 | |
Ft Wayne, IN [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,899 | |
Building and improvements - initial cost | 3,292 | |
Adjustments and costs subsequent to acquisition | 293 | |
Gross carrying amount - Land | 1,899 | |
Gross carrying amount - Building and improvements | 3,585 | |
Gross carrying amount - Total | 5,484 | |
Accumulated depreciation | 789 | |
Indianapolis / Dandy Trail-Windham Lake Dr [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,537 | |
Land - initial cost | 850 | |
Building and improvements - initial cost | 4,545 | |
Adjustments and costs subsequent to acquisition | 409 | |
Gross carrying amount - Land | 850 | |
Gross carrying amount - Building and improvements | 4,954 | |
Gross carrying amount - Total | 5,804 | |
Accumulated depreciation | 1,105 | |
Indianapolis / E 65th St [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 588 | |
Building and improvements - initial cost | 3,457 | |
Adjustments and costs subsequent to acquisition | 335 | |
Gross carrying amount - Land | 588 | |
Gross carrying amount - Building and improvements | 3,792 | |
Gross carrying amount - Total | 4,380 | |
Accumulated depreciation | 965 | |
Indianapolis / E 86th St [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,060 | |
Land - initial cost | 646 | |
Building and improvements - initial cost | 1,294 | |
Adjustments and costs subsequent to acquisition | 164 | |
Gross carrying amount - Land | 646 | |
Gross carrying amount - Building and improvements | 1,458 | |
Gross carrying amount - Total | 2,104 | |
Accumulated depreciation | 144 | |
Indianapolis / Southport Rd-Kildeer Dr [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 426 | |
Building and improvements - initial cost | 2,903 | |
Adjustments and costs subsequent to acquisition | 389 | |
Gross carrying amount - Land | 426 | |
Gross carrying amount - Building and improvements | 3,292 | |
Gross carrying amount - Total | 3,718 | |
Accumulated depreciation | 748 | |
Mishawaka [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,862 | |
Land - initial cost | 630 | |
Building and improvements - initial cost | 3,349 | |
Adjustments and costs subsequent to acquisition | 299 | |
Gross carrying amount - Land | 630 | |
Gross carrying amount - Building and improvements | 3,648 | |
Gross carrying amount - Total | 4,278 | |
Accumulated depreciation | 798 | |
Richmond [Member] | Indiana [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 723 | |
Building and improvements - initial cost | 482 | |
Adjustments and costs subsequent to acquisition | 438 | |
Gross carrying amount - Land | 723 | |
Gross carrying amount - Building and improvements | 920 | |
Gross carrying amount - Total | 1,643 | |
Accumulated depreciation | 155 | |
Wichita [Member] | KANSAS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,045 | |
Land - initial cost | 366 | |
Building and improvements - initial cost | 1,897 | |
Adjustments and costs subsequent to acquisition | 433 | |
Gross carrying amount - Land | 366 | |
Gross carrying amount - Building and improvements | 2,330 | |
Gross carrying amount - Total | 2,696 | |
Accumulated depreciation | 745 | |
Covington [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,951 | |
Land - initial cost | 839 | |
Building and improvements - initial cost | 2,543 | |
Adjustments and costs subsequent to acquisition | 146 | |
Gross carrying amount - Land | 839 | |
Gross carrying amount - Building and improvements | 2,689 | |
Gross carrying amount - Total | 3,528 | |
Accumulated depreciation | 358 | |
Crescent Springs [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 120 | |
Building and improvements - initial cost | 5,313 | |
Adjustments and costs subsequent to acquisition | 5 | |
Gross carrying amount - Land | 120 | |
Gross carrying amount - Building and improvements | 5,318 | |
Gross carrying amount - Total | 5,438 | |
Accumulated depreciation | 34 | |
Erlanger [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,731 | |
Land - initial cost | 220 | |
Building and improvements - initial cost | 7,132 | |
Adjustments and costs subsequent to acquisition | 10 | |
Gross carrying amount - Land | 220 | |
Gross carrying amount - Building and improvements | 7,142 | |
Gross carrying amount - Total | 7,362 | |
Accumulated depreciation | 46 | |
Florence / Centennial Circle [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 240 | |
Building and improvements - initial cost | 8,234 | |
Adjustments and costs subsequent to acquisition | 7 | |
Gross carrying amount - Land | 240 | |
Gross carrying amount - Building and improvements | 8,241 | |
Gross carrying amount - Total | 8,481 | |
Accumulated depreciation | 53 | |
Florence / Steilen Dr [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,181 | |
Land - initial cost | 540 | |
Building and improvements - initial cost | 13,616 | |
Adjustments and costs subsequent to acquisition | 2 | |
Gross carrying amount - Land | 540 | |
Gross carrying amount - Building and improvements | 13,618 | |
Gross carrying amount - Total | 14,158 | |
Accumulated depreciation | 87 | |
Louisville / Bardstown Rd [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 586 | |
Building and improvements - initial cost | 3,244 | |
Adjustments and costs subsequent to acquisition | 402 | |
Gross carrying amount - Land | 586 | |
Gross carrying amount - Building and improvements | 3,646 | |
Gross carrying amount - Total | 4,232 | |
Accumulated depreciation | 1,137 | |
Louisville / Warwick Ave [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,137 | |
Land - initial cost | 1,217 | |
Building and improvements - initial cost | 4,611 | |
Adjustments and costs subsequent to acquisition | 214 | |
Gross carrying amount - Land | 1,217 | |
Gross carrying amount - Building and improvements | 4,825 | |
Gross carrying amount - Total | 6,042 | |
Accumulated depreciation | 1,417 | |
Louisville / Wattbourne Ln [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,612 | |
Land - initial cost | 892 | |
Building and improvements - initial cost | 2,677 | |
Adjustments and costs subsequent to acquisition | 266 | |
Gross carrying amount - Land | 892 | |
Gross carrying amount - Building and improvements | 2,943 | |
Gross carrying amount - Total | 3,835 | |
Accumulated depreciation | 823 | |
Walton [Member] | KENTUCKY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 290 | |
Building and improvements - initial cost | 6,245 | |
Adjustments and costs subsequent to acquisition | 13 | |
Gross carrying amount - Land | 290 | |
Gross carrying amount - Building and improvements | 6,258 | |
Gross carrying amount - Total | 6,548 | |
Accumulated depreciation | 40 | |
Metairie [Member] | LOUISIANA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,688 | |
Land - initial cost | 2,056 | |
Building and improvements - initial cost | 4,216 | |
Adjustments and costs subsequent to acquisition | 314 | |
Gross carrying amount - Land | 2,056 | |
Gross carrying amount - Building and improvements | 4,530 | |
Gross carrying amount - Total | 6,586 | |
Accumulated depreciation | 1,362 | |
New Orleans [Member] | LOUISIANA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,213 | |
Land - initial cost | 4,058 | |
Building and improvements - initial cost | 4,325 | |
Adjustments and costs subsequent to acquisition | 703 | |
Gross carrying amount - Land | 4,059 | |
Gross carrying amount - Building and improvements | 5,027 | |
Gross carrying amount - Total | 9,086 | |
Accumulated depreciation | 1,652 | |
Ashland [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,643 | |
Land - initial cost | 474 | |
Building and improvements - initial cost | 3,324 | |
Adjustments and costs subsequent to acquisition | 370 | |
Gross carrying amount - Land | 474 | |
Gross carrying amount - Building and improvements | 3,694 | |
Gross carrying amount - Total | 4,168 | |
Accumulated depreciation | 1,454 | |
Auburn [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 918 | |
Building and improvements - initial cost | 3,728 | |
Adjustments and costs subsequent to acquisition | 365 | |
Gross carrying amount - Land | 919 | |
Gross carrying amount - Building and improvements | 4,092 | |
Gross carrying amount - Total | 5,011 | |
Accumulated depreciation | 1,667 | |
Billerica [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,008 | |
Land - initial cost | 3,023 | |
Building and improvements - initial cost | 6,697 | |
Adjustments and costs subsequent to acquisition | 192 | |
Gross carrying amount - Land | 3,023 | |
Gross carrying amount - Building and improvements | 6,889 | |
Gross carrying amount - Total | 9,912 | |
Accumulated depreciation | 384 | |
Brockton / Centre St - Rte 123 [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 647 | |
Building and improvements - initial cost | 2,762 | |
Adjustments and costs subsequent to acquisition | 193 | |
Gross carrying amount - Land | 647 | |
Gross carrying amount - Building and improvements | 2,955 | |
Gross carrying amount - Total | 3,602 | |
Accumulated depreciation | 1,140 | |
Brockton / Oak St [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,029 | |
Land - initial cost | 829 | |
Building and improvements - initial cost | 6,195 | |
Adjustments and costs subsequent to acquisition | 479 | |
Gross carrying amount - Land | 829 | |
Gross carrying amount - Building and improvements | 6,674 | |
Gross carrying amount - Total | 7,503 | |
Accumulated depreciation | 384 | |
Danvers [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,662 | |
Land - initial cost | 3,115 | |
Building and improvements - initial cost | 5,736 | |
Adjustments and costs subsequent to acquisition | 188 | |
Gross carrying amount - Land | 3,115 | |
Gross carrying amount - Building and improvements | 5,924 | |
Gross carrying amount - Total | 9,039 | |
Accumulated depreciation | 487 | |
Dedham / Allied Dr [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,443 | |
Building and improvements - initial cost | 7,328 | |
Adjustments and costs subsequent to acquisition | 1,411 | |
Gross carrying amount - Land | 2,443 | |
Gross carrying amount - Building and improvements | 8,739 | |
Gross carrying amount - Total | 11,182 | |
Accumulated depreciation | 2,949 | |
Dedham / Milton St [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,935 | |
Land - initial cost | 2,127 | |
Building and improvements - initial cost | 3,041 | |
Adjustments and costs subsequent to acquisition | 935 | |
Gross carrying amount - Land | 2,127 | |
Gross carrying amount - Building and improvements | 3,976 | |
Gross carrying amount - Total | 6,103 | |
Accumulated depreciation | 1,540 | |
Dedham / Providence Highway [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,625 | |
Building and improvements - initial cost | 10,875 | |
Adjustments and costs subsequent to acquisition | 9 | |
Gross carrying amount - Land | 1,625 | |
Gross carrying amount - Building and improvements | 10,884 | |
Gross carrying amount - Total | 12,509 | |
Accumulated depreciation | 139 | |
East Somerville [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | 159 | |
Gross carrying amount - Building and improvements | 159 | |
Gross carrying amount - Total | 159 | |
Accumulated depreciation | 120 | |
Everett [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 692 | |
Building and improvements - initial cost | 2,129 | |
Adjustments and costs subsequent to acquisition | 1,092 | |
Gross carrying amount - Land | 692 | |
Gross carrying amount - Building and improvements | 3,221 | |
Gross carrying amount - Total | 3,913 | |
Accumulated depreciation | 1,069 | |
Foxboro [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 759 | |
Building and improvements - initial cost | 4,158 | |
Adjustments and costs subsequent to acquisition | 479 | |
Gross carrying amount - Land | 759 | |
Gross carrying amount - Building and improvements | 4,637 | |
Gross carrying amount - Total | 5,396 | |
Accumulated depreciation | 2,031 | |
Framingham [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | 47 | |
Gross carrying amount - Building and improvements | 47 | |
Gross carrying amount - Total | 47 | |
Accumulated depreciation | 14 | |
Hudson [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,287 | |
Land - initial cost | 806 | |
Building and improvements - initial cost | 3,122 | |
Adjustments and costs subsequent to acquisition | 471 | |
Gross carrying amount - Land | 806 | |
Gross carrying amount - Building and improvements | 3,593 | |
Gross carrying amount - Total | 4,399 | |
Accumulated depreciation | 1,590 | |
Jamaica Plain [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,245 | |
Land - initial cost | 3,285 | |
Building and improvements - initial cost | 11,275 | |
Adjustments and costs subsequent to acquisition | 637 | |
Gross carrying amount - Land | 3,285 | |
Gross carrying amount - Building and improvements | 11,912 | |
Gross carrying amount - Total | 15,197 | |
Accumulated depreciation | 2,526 | |
Kingston [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,351 | |
Land - initial cost | 555 | |
Building and improvements - initial cost | 2,491 | |
Adjustments and costs subsequent to acquisition | 215 | |
Gross carrying amount - Land | 555 | |
Gross carrying amount - Building and improvements | 2,706 | |
Gross carrying amount - Total | 3,261 | |
Accumulated depreciation | 1,078 | |
Kingston [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,789 | |
Land - initial cost | 837 | |
Building and improvements - initial cost | 6,199 | |
Adjustments and costs subsequent to acquisition | 131 | |
Gross carrying amount - Land | 837 | |
Gross carrying amount - Building and improvements | 6,330 | |
Gross carrying amount - Total | 7,167 | |
Accumulated depreciation | 582 | |
Lynn [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,703 | |
Building and improvements - initial cost | 3,237 | |
Adjustments and costs subsequent to acquisition | 438 | |
Gross carrying amount - Land | 1,703 | |
Gross carrying amount - Building and improvements | 3,675 | |
Gross carrying amount - Total | 5,378 | |
Accumulated depreciation | 1,490 | |
Marshfield [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,533 | |
Land - initial cost | 1,039 | |
Building and improvements - initial cost | 4,155 | |
Adjustments and costs subsequent to acquisition | 270 | |
Gross carrying amount - Land | 1,026 | |
Gross carrying amount - Building and improvements | 4,438 | |
Gross carrying amount - Total | 5,464 | |
Accumulated depreciation | 1,414 | |
Milton [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,838 | |
Building and improvements - initial cost | 3,979 | |
Adjustments and costs subsequent to acquisition | 6,656 | |
Gross carrying amount - Land | 2,838 | |
Gross carrying amount - Building and improvements | 10,635 | |
Gross carrying amount - Total | 13,473 | |
Accumulated depreciation | 2,774 | |
North Andover [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,679 | |
Land - initial cost | 773 | |
Building and improvements - initial cost | 4,120 | |
Adjustments and costs subsequent to acquisition | 126 | |
Gross carrying amount - Land | 773 | |
Gross carrying amount - Building and improvements | 4,246 | |
Gross carrying amount - Total | 5,019 | |
Accumulated depreciation | 240 | |
North Oxford [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,780 | |
Land - initial cost | 482 | |
Building and improvements - initial cost | 1,762 | |
Adjustments and costs subsequent to acquisition | 515 | |
Gross carrying amount - Land | 527 | |
Gross carrying amount - Building and improvements | 2,232 | |
Gross carrying amount - Total | 2,759 | |
Accumulated depreciation | 993 | |
Northborough [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,489 | |
Land - initial cost | 280 | |
Building and improvements - initial cost | 2,715 | |
Adjustments and costs subsequent to acquisition | 571 | |
Gross carrying amount - Land | 280 | |
Gross carrying amount - Building and improvements | 3,286 | |
Gross carrying amount - Total | 3,566 | |
Accumulated depreciation | 1,445 | |
Norwood [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,523 | |
Land - initial cost | 2,160 | |
Building and improvements - initial cost | 2,336 | |
Adjustments and costs subsequent to acquisition | 1,824 | |
Gross carrying amount - Land | 2,221 | |
Gross carrying amount - Building and improvements | 4,099 | |
Gross carrying amount - Total | 6,320 | |
Accumulated depreciation | 1,570 | |
Plainville [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,913 | |
Land - initial cost | 2,223 | |
Building and improvements - initial cost | 4,430 | |
Adjustments and costs subsequent to acquisition | 461 | |
Gross carrying amount - Land | 2,223 | |
Gross carrying amount - Building and improvements | 4,891 | |
Gross carrying amount - Total | 7,114 | |
Accumulated depreciation | 1,728 | |
Quincy [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,910 | |
Land - initial cost | 1,359 | |
Building and improvements - initial cost | 4,078 | |
Adjustments and costs subsequent to acquisition | 426 | |
Gross carrying amount - Land | 1,360 | |
Gross carrying amount - Building and improvements | 4,503 | |
Gross carrying amount - Total | 5,863 | |
Accumulated depreciation | 1,451 | |
Raynham [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 588 | |
Building and improvements - initial cost | 2,270 | |
Adjustments and costs subsequent to acquisition | 762 | |
Gross carrying amount - Land | 670 | |
Gross carrying amount - Building and improvements | 2,950 | |
Gross carrying amount - Total | 3,620 | |
Accumulated depreciation | 1,200 | |
Revere [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,821 | |
Land - initial cost | 2,275 | |
Building and improvements - initial cost | 6,935 | |
Adjustments and costs subsequent to acquisition | 183 | |
Gross carrying amount - Land | 2,275 | |
Gross carrying amount - Building and improvements | 7,118 | |
Gross carrying amount - Total | 9,393 | |
Accumulated depreciation | 774 | |
Saugus [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,142 | |
Land - initial cost | 1,725 | |
Building and improvements - initial cost | 5,514 | |
Adjustments and costs subsequent to acquisition | 581 | |
Gross carrying amount - Land | 1,725 | |
Gross carrying amount - Building and improvements | 6,095 | |
Gross carrying amount - Total | 7,820 | |
Accumulated depreciation | 2,207 | |
Somerville [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,664 | |
Land - initial cost | 1,728 | |
Building and improvements - initial cost | 6,570 | |
Adjustments and costs subsequent to acquisition | 939 | |
Gross carrying amount - Land | 1,731 | |
Gross carrying amount - Building and improvements | 7,506 | |
Gross carrying amount - Total | 9,237 | |
Accumulated depreciation | 2,757 | |
Stoneham, MA [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,826 | |
Land - initial cost | 944 | |
Building and improvements - initial cost | 5,241 | |
Adjustments and costs subsequent to acquisition | 187 | |
Gross carrying amount - Land | 944 | |
Gross carrying amount - Building and improvements | 5,428 | |
Gross carrying amount - Total | 6,372 | |
Accumulated depreciation | 1,568 | |
Stoughton [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,754 | |
Building and improvements - initial cost | 2,769 | |
Adjustments and costs subsequent to acquisition | 323 | |
Gross carrying amount - Land | 1,755 | |
Gross carrying amount - Building and improvements | 3,091 | |
Gross carrying amount - Total | 4,846 | |
Accumulated depreciation | 1,315 | |
Tyngsboro [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,403 | |
Land - initial cost | 1,843 | |
Building and improvements - initial cost | 5,004 | |
Adjustments and costs subsequent to acquisition | 71 | |
Gross carrying amount - Land | 1,843 | |
Gross carrying amount - Building and improvements | 5,075 | |
Gross carrying amount - Total | 6,918 | |
Accumulated depreciation | 463 | |
Waltham [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,095 | |
Land - initial cost | 3,770 | |
Building and improvements - initial cost | 11,310 | |
Adjustments and costs subsequent to acquisition | 1,120 | |
Gross carrying amount - Land | 3,770 | |
Gross carrying amount - Building and improvements | 12,430 | |
Gross carrying amount - Total | 16,200 | |
Accumulated depreciation | 3,984 | |
Weymouth [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,806 | |
Building and improvements - initial cost | 3,129 | |
Adjustments and costs subsequent to acquisition | 231 | |
Gross carrying amount - Land | 2,806 | |
Gross carrying amount - Building and improvements | 3,360 | |
Gross carrying amount - Total | 6,166 | |
Accumulated depreciation | 1,424 | |
Woburn [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | 283 | |
Gross carrying amount - Building and improvements | 283 | |
Gross carrying amount - Total | 283 | |
Accumulated depreciation | 146 | |
Worcester / Ararat St [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,989 | |
Land - initial cost | 1,350 | |
Building and improvements - initial cost | 4,433 | |
Adjustments and costs subsequent to acquisition | 182 | |
Gross carrying amount - Land | 1,350 | |
Gross carrying amount - Building and improvements | 4,615 | |
Gross carrying amount - Total | 5,965 | |
Accumulated depreciation | 1,129 | |
Worcester / Millbury St [Member] | MASSACHUSETTS | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,383 | |
Land - initial cost | 896 | |
Building and improvements - initial cost | 4,377 | |
Adjustments and costs subsequent to acquisition | 3,206 | |
Gross carrying amount - Land | 896 | |
Gross carrying amount - Building and improvements | 7,583 | |
Gross carrying amount - Total | 8,479 | |
Accumulated depreciation | 2,754 | |
Annapolis / Renard Ct Annex [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 15,544 | |
Land - initial cost | 1,375 | |
Building and improvements - initial cost | 8,896 | |
Adjustments and costs subsequent to acquisition | 341 | |
Gross carrying amount - Land | 1,376 | |
Gross carrying amount - Building and improvements | 9,236 | |
Gross carrying amount - Total | 10,612 | |
Accumulated depreciation | 2,153 | |
Annapolis / Trout Rd [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,291 | |
Land - initial cost | 5,248 | |
Building and improvements - initial cost | 7,247 | |
Adjustments and costs subsequent to acquisition | 219 | |
Gross carrying amount - Land | 5,247 | |
Gross carrying amount - Building and improvements | 7,467 | |
Gross carrying amount - Total | 12,714 | |
Accumulated depreciation | 1,755 | |
Arnold [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,835 | |
Land - initial cost | 2,558 | |
Building and improvements - initial cost | 9,446 | |
Adjustments and costs subsequent to acquisition | 500 | |
Gross carrying amount - Land | 2,558 | |
Gross carrying amount - Building and improvements | 9,946 | |
Gross carrying amount - Total | 12,504 | |
Accumulated depreciation | 2,844 | |
Baltimore / Eastern Ave 1 [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,434 | |
Land - initial cost | 1,185 | |
Building and improvements - initial cost | 5,051 | |
Adjustments and costs subsequent to acquisition | 166 | |
Gross carrying amount - Land | 1,185 | |
Gross carrying amount - Building and improvements | 5,217 | |
Gross carrying amount - Total | 6,402 | |
Accumulated depreciation | 502 | |
Baltimore / Eastern Ave 2 [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,997 | |
Land - initial cost | 1,266 | |
Building and improvements - initial cost | 10,789 | |
Adjustments and costs subsequent to acquisition | 134 | |
Gross carrying amount - Land | 1,266 | |
Gross carrying amount - Building and improvements | 10,923 | |
Gross carrying amount - Total | 12,189 | |
Accumulated depreciation | 821 | |
Baltimore / Moravia Rd [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,360 | |
Land - initial cost | 800 | |
Building and improvements - initial cost | 5,955 | |
Adjustments and costs subsequent to acquisition | 160 | |
Gross carrying amount - Land | 800 | |
Gross carrying amount - Building and improvements | 6,115 | |
Gross carrying amount - Total | 6,915 | |
Accumulated depreciation | 1,163 | |
Baltimore / N Howard St [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,900 | |
Building and improvements - initial cost | 5,277 | |
Adjustments and costs subsequent to acquisition | 155 | |
Gross carrying amount - Land | 1,900 | |
Gross carrying amount - Building and improvements | 5,432 | |
Gross carrying amount - Total | 7,332 | |
Accumulated depreciation | 807 | |
Bethesda [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,900 | |
Land - initial cost | 3,671 | |
Building and improvements - initial cost | 18,331 | |
Adjustments and costs subsequent to acquisition | 1,347 | |
Gross carrying amount - Land | 3,671 | |
Gross carrying amount - Building and improvements | 19,678 | |
Gross carrying amount - Total | 23,349 | |
Accumulated depreciation | 6,084 | |
Capitol Heights, MD [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,105 | |
Land - initial cost | 1,461 | |
Building and improvements - initial cost | 9,866 | |
Adjustments and costs subsequent to acquisition | 244 | |
Gross carrying amount - Land | 1,461 | |
Gross carrying amount - Building and improvements | 10,110 | |
Gross carrying amount - Total | 11,571 | |
Accumulated depreciation | 1,429 | |
Cockeysville [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,743 | |
Land - initial cost | 465 | |
Building and improvements - initial cost | 5,600 | |
Adjustments and costs subsequent to acquisition | 304 | |
Gross carrying amount - Land | 465 | |
Gross carrying amount - Building and improvements | 5,904 | |
Gross carrying amount - Total | 6,369 | |
Accumulated depreciation | 624 | |
Columbia [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,810 | |
Land - initial cost | 1,736 | |
Building and improvements - initial cost | 9,632 | |
Adjustments and costs subsequent to acquisition | 377 | |
Gross carrying amount - Land | 1,736 | |
Gross carrying amount - Building and improvements | 10,009 | |
Gross carrying amount - Total | 11,745 | |
Accumulated depreciation | 2,819 | |
Edgewood Pulaski Hwy 1 [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,000 | |
Gross carrying amount - Land | 425 | |
Gross carrying amount - Total | 425 | |
Edgewood Pulaski Hwy 1 [Member] | MARYLAND | Adjustment For Impairment Charge [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (575) | |
Edgewood Pulaski Hwy Two [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 794 | |
Building and improvements - initial cost | 5,178 | |
Adjustments and costs subsequent to acquisition | 97 | |
Gross carrying amount - Land | 794 | |
Gross carrying amount - Building and improvements | 5,275 | |
Gross carrying amount - Total | 6,069 | |
Accumulated depreciation | 45 | |
Ft. Washington, MD [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,848 | |
Land - initial cost | 4,920 | |
Building and improvements - initial cost | 9,174 | |
Adjustments and costs subsequent to acquisition | 231 | |
Gross carrying amount - Land | 4,920 | |
Gross carrying amount - Building and improvements | 9,405 | |
Gross carrying amount - Total | 14,325 | |
Accumulated depreciation | 2,252 | |
Gambrills [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,758 | |
Land - initial cost | 1,905 | |
Building and improvements - initial cost | 7,104 | |
Adjustments and costs subsequent to acquisition | 207 | |
Gross carrying amount - Land | 1,905 | |
Gross carrying amount - Building and improvements | 7,311 | |
Gross carrying amount - Total | 9,216 | |
Accumulated depreciation | 652 | |
Glen Burnie [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,247 | |
Land - initial cost | 1,303 | |
Building and improvements - initial cost | 4,218 | |
Adjustments and costs subsequent to acquisition | 347 | |
Gross carrying amount - Land | 1,303 | |
Gross carrying amount - Building and improvements | 4,565 | |
Gross carrying amount - Total | 5,868 | |
Accumulated depreciation | 623 | |
Hanover [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,160 | |
Building and improvements - initial cost | 11,340 | |
Adjustments and costs subsequent to acquisition | 67 | |
Gross carrying amount - Land | 2,160 | |
Gross carrying amount - Building and improvements | 11,407 | |
Gross carrying amount - Total | 13,567 | |
Accumulated depreciation | 750 | |
Lanham [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,753 | |
Land - initial cost | 3,346 | |
Building and improvements - initial cost | 10,079 | |
Adjustments and costs subsequent to acquisition | 706 | |
Gross carrying amount - Land | 2,618 | |
Gross carrying amount - Building and improvements | 11,513 | |
Gross carrying amount - Total | 14,131 | |
Accumulated depreciation | 3,797 | |
Laurel [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,849 | |
Land - initial cost | 3,000 | |
Building and improvements - initial cost | 5,930 | |
Adjustments and costs subsequent to acquisition | 197 | |
Gross carrying amount - Land | 3,000 | |
Gross carrying amount - Building and improvements | 6,127 | |
Gross carrying amount - Total | 9,127 | |
Accumulated depreciation | 1,325 | |
Lexington Park [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 4,314 | |
Building and improvements - initial cost | 8,412 | |
Adjustments and costs subsequent to acquisition | 160 | |
Gross carrying amount - Land | 4,314 | |
Gross carrying amount - Building and improvements | 8,572 | |
Gross carrying amount - Total | 12,886 | |
Accumulated depreciation | 688 | |
Pasadena / Fort Smallwood Rd [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,025 | |
Land - initial cost | 1,869 | |
Building and improvements - initial cost | 3,056 | |
Adjustments and costs subsequent to acquisition | 706 | |
Gross carrying amount - Land | 1,869 | |
Gross carrying amount - Building and improvements | 3,762 | |
Gross carrying amount - Total | 5,631 | |
Accumulated depreciation | 966 | |
Pasadena / Mountain Rd [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,500 | |
Building and improvements - initial cost | 7,407 | |
Adjustments and costs subsequent to acquisition | 155 | |
Gross carrying amount - Land | 3,500 | |
Gross carrying amount - Building and improvements | 7,562 | |
Gross carrying amount - Total | 11,062 | |
Accumulated depreciation | 911 | |
Randallstown [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,450 | |
Land - initial cost | 764 | |
Building and improvements - initial cost | 6,331 | |
Adjustments and costs subsequent to acquisition | 314 | |
Gross carrying amount - Land | 764 | |
Gross carrying amount - Building and improvements | 6,645 | |
Gross carrying amount - Total | 7,409 | |
Accumulated depreciation | 809 | |
Rockville [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 12,011 | |
Land - initial cost | 4,596 | |
Building and improvements - initial cost | 11,328 | |
Adjustments and costs subsequent to acquisition | 392 | |
Gross carrying amount - Land | 4,596 | |
Gross carrying amount - Building and improvements | 11,720 | |
Gross carrying amount - Total | 16,316 | |
Accumulated depreciation | 2,890 | |
Towson / East Joppa Rd 1 [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,810 | |
Land - initial cost | 861 | |
Building and improvements - initial cost | 4,742 | |
Adjustments and costs subsequent to acquisition | 249 | |
Gross carrying amount - Land | 861 | |
Gross carrying amount - Building and improvements | 4,991 | |
Gross carrying amount - Total | 5,852 | |
Accumulated depreciation | 1,472 | |
Towson / East Joppa Rd 2 [Member] | MARYLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,018 | |
Land - initial cost | 1,094 | |
Building and improvements - initial cost | 9,598 | |
Adjustments and costs subsequent to acquisition | 156 | |
Gross carrying amount - Land | 1,094 | |
Gross carrying amount - Building and improvements | 9,754 | |
Gross carrying amount - Total | 10,848 | |
Accumulated depreciation | 882 | |
Belleville [Member] | MICHIGAN | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,763 | |
Land - initial cost | 954 | |
Building and improvements - initial cost | 4,984 | |
Adjustments and costs subsequent to acquisition | 116 | |
Gross carrying amount - Land | 954 | |
Gross carrying amount - Building and improvements | 5,100 | |
Gross carrying amount - Total | 6,054 | |
Accumulated depreciation | 464 | |
Grandville [Member] | MICHIGAN | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 726 | |
Building and improvements - initial cost | 1,298 | |
Adjustments and costs subsequent to acquisition | 432 | |
Gross carrying amount - Land | 726 | |
Gross carrying amount - Building and improvements | 1,730 | |
Gross carrying amount - Total | 2,456 | |
Accumulated depreciation | 641 | |
Mt Clemens [Member] | MICHIGAN | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 798 | |
Building and improvements - initial cost | 1,796 | |
Adjustments and costs subsequent to acquisition | 517 | |
Gross carrying amount - Land | 798 | |
Gross carrying amount - Building and improvements | 2,313 | |
Gross carrying amount - Total | 3,111 | |
Accumulated depreciation | 739 | |
Florissant [Member] | MISSOURI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,311 | |
Land - initial cost | 1,241 | |
Building and improvements - initial cost | 4,648 | |
Adjustments and costs subsequent to acquisition | 346 | |
Gross carrying amount - Land | 1,241 | |
Gross carrying amount - Building and improvements | 4,994 | |
Gross carrying amount - Total | 6,235 | |
Accumulated depreciation | 1,254 | |
Grandview [Member] | MISSOURI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 612 | |
Building and improvements - initial cost | 1,770 | |
Adjustments and costs subsequent to acquisition | 417 | |
Gross carrying amount - Land | 612 | |
Gross carrying amount - Building and improvements | 2,187 | |
Gross carrying amount - Total | 2,799 | |
Accumulated depreciation | 784 | |
St Louis / Forest Park [Member] | MISSOURI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,479 | |
Land - initial cost | 156 | |
Building and improvements - initial cost | 1,313 | |
Adjustments and costs subsequent to acquisition | 634 | |
Gross carrying amount - Land | 173 | |
Gross carrying amount - Building and improvements | 1,930 | |
Gross carrying amount - Total | 2,103 | |
Accumulated depreciation | 899 | |
St Louis / Gravois Rd [Member] | MISSOURI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,607 | |
Land - initial cost | 676 | |
Building and improvements - initial cost | 3,551 | |
Adjustments and costs subsequent to acquisition | 351 | |
Gross carrying amount - Land | 676 | |
Gross carrying amount - Building and improvements | 3,902 | |
Gross carrying amount - Total | 4,578 | |
Accumulated depreciation | 994 | |
St Louis / Halls Ferry Rd [Member] | MISSOURI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,507 | |
Land - initial cost | 631 | |
Building and improvements - initial cost | 2,159 | |
Adjustments and costs subsequent to acquisition | 691 | |
Gross carrying amount - Land | 690 | |
Gross carrying amount - Building and improvements | 2,791 | |
Gross carrying amount - Total | 3,481 | |
Accumulated depreciation | 1,178 | |
St Louis / Old Tesson Rd, MO [Member] | MISSOURI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,397 | |
Land - initial cost | 1,444 | |
Building and improvements - initial cost | 4,162 | |
Adjustments and costs subsequent to acquisition | 366 | |
Gross carrying amount - Land | 1,444 | |
Gross carrying amount - Building and improvements | 4,528 | |
Gross carrying amount - Total | 5,972 | |
Accumulated depreciation | 1,139 | |
Biloxi [Member] | MISSISSIPPI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 770 | |
Building and improvements - initial cost | 3,947 | |
Adjustments and costs subsequent to acquisition | 24 | |
Gross carrying amount - Land | 770 | |
Gross carrying amount - Building and improvements | 3,971 | |
Gross carrying amount - Total | 4,741 | |
Accumulated depreciation | 25 | |
Canton [Member] | MISSISSIPPI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,240 | |
Building and improvements - initial cost | 7,767 | |
Adjustments and costs subsequent to acquisition | 9 | |
Gross carrying amount - Land | 1,240 | |
Gross carrying amount - Building and improvements | 7,776 | |
Gross carrying amount - Total | 9,016 | |
Accumulated depreciation | 50 | |
Ridgeland [Member] | MISSISSIPPI | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 410 | |
Building and improvements - initial cost | 9,135 | |
Adjustments and costs subsequent to acquisition | 32 | |
Gross carrying amount - Land | 410 | |
Gross carrying amount - Building and improvements | 9,167 | |
Gross carrying amount - Total | 9,577 | |
Accumulated depreciation | 59 | |
Cary [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,229 | |
Land - initial cost | 3,614 | |
Building and improvements - initial cost | 1,788 | |
Adjustments and costs subsequent to acquisition | 13 | |
Gross carrying amount - Land | 3,614 | |
Gross carrying amount - Building and improvements | 1,801 | |
Gross carrying amount - Total | 5,415 | |
Accumulated depreciation | 102 | |
Charlotte / Monroe Rd [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 4,050 | |
Building and improvements - initial cost | 6,867 | |
Adjustments and costs subsequent to acquisition | 136 | |
Gross carrying amount - Land | 4,050 | |
Gross carrying amount - Building and improvements | 7,003 | |
Gross carrying amount - Total | 11,053 | |
Accumulated depreciation | 90 | |
Charlotte / S Tryon St [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,372 | |
Building and improvements - initial cost | 3,931 | |
Adjustments and costs subsequent to acquisition | 1 | |
Gross carrying amount - Land | 1,372 | |
Gross carrying amount - Building and improvements | 3,932 | |
Gross carrying amount - Total | 5,304 | |
Charlotte / Wendover Rd [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,408 | |
Building and improvements - initial cost | 5,461 | |
Adjustments and costs subsequent to acquisition | 55 | |
Gross carrying amount - Land | 1,408 | |
Gross carrying amount - Building and improvements | 5,516 | |
Gross carrying amount - Total | 6,924 | |
Accumulated depreciation | 71 | |
Greensboro / High Point Rd [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,712 | |
Land - initial cost | 1,069 | |
Building and improvements - initial cost | 4,199 | |
Adjustments and costs subsequent to acquisition | 70 | |
Gross carrying amount - Land | 1,069 | |
Gross carrying amount - Building and improvements | 4,269 | |
Gross carrying amount - Total | 5,338 | |
Accumulated depreciation | 113 | |
Greensboro / Lawndale Drive [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,502 | |
Land - initial cost | 3,725 | |
Building and improvements - initial cost | 7,036 | |
Adjustments and costs subsequent to acquisition | 112 | |
Gross carrying amount - Land | 3,723 | |
Gross carrying amount - Building and improvements | 7,150 | |
Gross carrying amount - Total | 10,873 | |
Accumulated depreciation | 189 | |
Hickory [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 400 | |
Building and improvements - initial cost | 5,844 | |
Adjustments and costs subsequent to acquisition | 18 | |
Gross carrying amount - Land | 400 | |
Gross carrying amount - Building and improvements | 5,862 | |
Gross carrying amount - Total | 6,262 | |
Accumulated depreciation | 37 | |
Hickory [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,329 | |
Land - initial cost | 875 | |
Building and improvements - initial cost | 5,418 | |
Adjustments and costs subsequent to acquisition | 60 | |
Gross carrying amount - Land | 875 | |
Gross carrying amount - Building and improvements | 5,478 | |
Gross carrying amount - Total | 6,353 | |
Accumulated depreciation | 146 | |
Morganton [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 600 | |
Building and improvements - initial cost | 5,724 | |
Adjustments and costs subsequent to acquisition | 22 | |
Gross carrying amount - Land | 600 | |
Gross carrying amount - Building and improvements | 5,746 | |
Gross carrying amount - Total | 6,346 | |
Accumulated depreciation | 37 | |
Raleigh [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,940 | |
Building and improvements - initial cost | 4,265 | |
Adjustments and costs subsequent to acquisition | 72 | |
Gross carrying amount - Land | 2,940 | |
Gross carrying amount - Building and improvements | 4,337 | |
Gross carrying amount - Total | 7,277 | |
Accumulated depreciation | 174 | |
Winston-Salem / Peters Creek Pkwy [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,011 | |
Land - initial cost | 1,548 | |
Building and improvements - initial cost | 3,495 | |
Adjustments and costs subsequent to acquisition | 97 | |
Gross carrying amount - Land | 1,548 | |
Gross carrying amount - Building and improvements | 3,592 | |
Gross carrying amount - Total | 5,140 | |
Accumulated depreciation | 95 | |
Winston-Salem / University Pkwy [Member] | NORTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,266 | |
Land - initial cost | 1,131 | |
Building and improvements - initial cost | 5,084 | |
Adjustments and costs subsequent to acquisition | 66 | |
Gross carrying amount - Land | 1,131 | |
Gross carrying amount - Building and improvements | 5,150 | |
Gross carrying amount - Total | 6,281 | |
Accumulated depreciation | 136 | |
Merrimack [Member] | NEW HAMPSHIRE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,793 | |
Land - initial cost | 754 | |
Building and improvements - initial cost | 3,299 | |
Adjustments and costs subsequent to acquisition | 612 | |
Gross carrying amount - Land | 817 | |
Gross carrying amount - Building and improvements | 3,848 | |
Gross carrying amount - Total | 4,665 | |
Accumulated depreciation | 1,410 | |
Nashua [Member] | NEW HAMPSHIRE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 755 | |
Adjustments and costs subsequent to acquisition | 116 | |
Gross carrying amount - Building and improvements | 871 | |
Gross carrying amount - Total | 871 | |
Accumulated depreciation | 366 | |
Avenel [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,518 | |
Building and improvements - initial cost | 8,037 | |
Adjustments and costs subsequent to acquisition | 426 | |
Gross carrying amount - Land | 1,518 | |
Gross carrying amount - Building and improvements | 8,463 | |
Gross carrying amount - Total | 9,981 | |
Accumulated depreciation | 2,536 | |
Bayville [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,648 | |
Land - initial cost | 1,193 | |
Building and improvements - initial cost | 5,312 | |
Adjustments and costs subsequent to acquisition | 398 | |
Gross carrying amount - Land | 1,193 | |
Gross carrying amount - Building and improvements | 5,710 | |
Gross carrying amount - Total | 6,903 | |
Accumulated depreciation | 1,767 | |
Bellmawr [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,296 | |
Land - initial cost | 3,600 | |
Building and improvements - initial cost | 4,765 | |
Adjustments and costs subsequent to acquisition | 390 | |
Gross carrying amount - Land | 3,675 | |
Gross carrying amount - Building and improvements | 5,080 | |
Gross carrying amount - Total | 8,755 | |
Accumulated depreciation | 908 | |
Berkeley Heights [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,887 | |
Land - initial cost | 1,598 | |
Building and improvements - initial cost | 7,553 | |
Adjustments and costs subsequent to acquisition | 197 | |
Gross carrying amount - Land | 1,598 | |
Gross carrying amount - Building and improvements | 7,750 | |
Gross carrying amount - Total | 9,348 | |
Accumulated depreciation | 703 | |
Burlington [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,846 | |
Land - initial cost | 477 | |
Building and improvements - initial cost | 6,534 | |
Adjustments and costs subsequent to acquisition | 153 | |
Gross carrying amount - Land | 477 | |
Gross carrying amount - Building and improvements | 6,687 | |
Gross carrying amount - Total | 7,164 | |
Accumulated depreciation | 182 | |
Cherry Hill / Church Rd [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,057 | |
Building and improvements - initial cost | 6,037 | |
Adjustments and costs subsequent to acquisition | 7 | |
Gross carrying amount - Land | 1,057 | |
Gross carrying amount - Building and improvements | 6,044 | |
Gross carrying amount - Total | 7,101 | |
Cherry Hill / Marlton Pike [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,534 | |
Land - initial cost | 2,323 | |
Building and improvements - initial cost | 1,549 | |
Adjustments and costs subsequent to acquisition | 321 | |
Gross carrying amount - Land | 2,323 | |
Gross carrying amount - Building and improvements | 1,870 | |
Gross carrying amount - Total | 4,193 | |
Accumulated depreciation | 171 | |
Cherry Hill / Rockhill Rd [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,960 | |
Land - initial cost | 536 | |
Building and improvements - initial cost | 3,407 | |
Adjustments and costs subsequent to acquisition | 56 | |
Gross carrying amount - Land | 536 | |
Gross carrying amount - Building and improvements | 3,463 | |
Gross carrying amount - Total | 3,999 | |
Accumulated depreciation | 96 | |
Cranbury [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,910 | |
Land - initial cost | 3,543 | |
Building and improvements - initial cost | 5,095 | |
Adjustments and costs subsequent to acquisition | 771 | |
Gross carrying amount - Land | 3,543 | |
Gross carrying amount - Building and improvements | 5,866 | |
Gross carrying amount - Total | 9,409 | |
Accumulated depreciation | 480 | |
Denville [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,926 | |
Land - initial cost | 584 | |
Building and improvements - initial cost | 14,398 | |
Adjustments and costs subsequent to acquisition | 110 | |
Gross carrying amount - Land | 584 | |
Gross carrying amount - Building and improvements | 14,508 | |
Gross carrying amount - Total | 15,092 | |
Accumulated depreciation | 386 | |
Edison [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,591 | |
Land - initial cost | 2,519 | |
Building and improvements - initial cost | 8,547 | |
Adjustments and costs subsequent to acquisition | 1,638 | |
Gross carrying amount - Land | 2,518 | |
Gross carrying amount - Building and improvements | 10,186 | |
Gross carrying amount - Total | 12,704 | |
Accumulated depreciation | 3,536 | |
Egg Harbor Township [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,980 | |
Land - initial cost | 1,724 | |
Building and improvements - initial cost | 5,001 | |
Adjustments and costs subsequent to acquisition | 723 | |
Gross carrying amount - Land | 1,724 | |
Gross carrying amount - Building and improvements | 5,724 | |
Gross carrying amount - Total | 7,448 | |
Accumulated depreciation | 2,315 | |
Ewing [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,552 | |
Building and improvements - initial cost | 4,720 | |
Gross carrying amount - Land | 1,562 | |
Gross carrying amount - Building and improvements | 4,666 | |
Gross carrying amount - Total | 6,228 | |
Accumulated depreciation | 1,136 | |
Ewing [Member] | NEW JERSEY | Adjustment For Asset Transfers Between Land Building And Or Equipment And Adjustment For Impairment Charge [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (44) | |
Fairfield [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,001 | |
Building and improvements - initial cost | 9,402 | |
Adjustments and costs subsequent to acquisition | 105 | |
Gross carrying amount - Building and improvements | 9,507 | |
Gross carrying amount - Total | 9,507 | |
Accumulated depreciation | 862 | |
Fairfield [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,769 | |
Land - initial cost | 904 | |
Building and improvements - initial cost | 3,856 | |
Adjustments and costs subsequent to acquisition | 302 | |
Gross carrying amount - Land | 904 | |
Gross carrying amount - Building and improvements | 4,158 | |
Gross carrying amount - Total | 5,062 | |
Accumulated depreciation | 250 | |
Fort Lee / Bergen Blvd [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 12,649 | |
Land - initial cost | 4,402 | |
Building and improvements - initial cost | 9,831 | |
Adjustments and costs subsequent to acquisition | 319 | |
Gross carrying amount - Land | 4,402 | |
Gross carrying amount - Building and improvements | 10,150 | |
Gross carrying amount - Total | 14,552 | |
Accumulated depreciation | 836 | |
Fort Lee / Main St [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,280 | |
Building and improvements - initial cost | 27,409 | |
Adjustments and costs subsequent to acquisition | 33 | |
Gross carrying amount - Land | 2,280 | |
Gross carrying amount - Building and improvements | 27,442 | |
Gross carrying amount - Total | 29,722 | |
Accumulated depreciation | 176 | |
Glen Rock [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,109 | |
Building and improvements - initial cost | 2,401 | |
Adjustments and costs subsequent to acquisition | 559 | |
Gross carrying amount - Land | 1,222 | |
Gross carrying amount - Building and improvements | 2,847 | |
Gross carrying amount - Total | 4,069 | |
Accumulated depreciation | 1,048 | |
Hackensack / Railroad Ave [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,630 | |
Land - initial cost | 2,053 | |
Building and improvements - initial cost | 9,882 | |
Adjustments and costs subsequent to acquisition | 95 | |
Gross carrying amount - Land | 2,053 | |
Gross carrying amount - Building and improvements | 9,977 | |
Gross carrying amount - Total | 12,030 | |
Accumulated depreciation | 268 | |
Hackensack / South River St [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,283 | |
Building and improvements - initial cost | 11,234 | |
Adjustments and costs subsequent to acquisition | 911 | |
Gross carrying amount - Land | 2,283 | |
Gross carrying amount - Building and improvements | 12,145 | |
Gross carrying amount - Total | 14,428 | |
Accumulated depreciation | 3,650 | |
Hackettstown [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,879 | |
Land - initial cost | 2,144 | |
Building and improvements - initial cost | 6,660 | |
Adjustments and costs subsequent to acquisition | 144 | |
Gross carrying amount - Land | 2,144 | |
Gross carrying amount - Building and improvements | 6,804 | |
Gross carrying amount - Total | 8,948 | |
Accumulated depreciation | 619 | |
Harrison [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,529 | |
Land - initial cost | 300 | |
Building and improvements - initial cost | 6,003 | |
Adjustments and costs subsequent to acquisition | 260 | |
Gross carrying amount - Land | 300 | |
Gross carrying amount - Building and improvements | 6,263 | |
Gross carrying amount - Total | 6,563 | |
Accumulated depreciation | 574 | |
Hazlet [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,580 | |
Land - initial cost | 1,362 | |
Building and improvements - initial cost | 10,262 | |
Adjustments and costs subsequent to acquisition | 1,781 | |
Gross carrying amount - Land | 1,362 | |
Gross carrying amount - Building and improvements | 12,043 | |
Gross carrying amount - Total | 13,405 | |
Accumulated depreciation | 4,100 | |
Hoboken [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,765 | |
Land - initial cost | 2,687 | |
Building and improvements - initial cost | 6,092 | |
Adjustments and costs subsequent to acquisition | 324 | |
Gross carrying amount - Land | 2,687 | |
Gross carrying amount - Building and improvements | 6,416 | |
Gross carrying amount - Total | 9,103 | |
Accumulated depreciation | 2,302 | |
Howell [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,259 | |
Land - initial cost | 2,440 | |
Building and improvements - initial cost | 3,407 | |
Adjustments and costs subsequent to acquisition | 450 | |
Gross carrying amount - Land | 2,440 | |
Gross carrying amount - Building and improvements | 3,857 | |
Gross carrying amount - Total | 6,297 | |
Accumulated depreciation | 1,559 | |
Iselin [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,696 | |
Land - initial cost | 505 | |
Building and improvements - initial cost | 4,524 | |
Adjustments and costs subsequent to acquisition | 584 | |
Gross carrying amount - Land | 505 | |
Gross carrying amount - Building and improvements | 5,108 | |
Gross carrying amount - Total | 5,613 | |
Accumulated depreciation | 2,048 | |
Jersey City [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 8,050 | |
Building and improvements - initial cost | 16,342 | |
Adjustments and costs subsequent to acquisition | 113 | |
Gross carrying amount - Land | 8,050 | |
Gross carrying amount - Building and improvements | 16,455 | |
Gross carrying amount - Total | 24,505 | |
Accumulated depreciation | 106 | |
Lawnside [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,000 | |
Land - initial cost | 1,249 | |
Building and improvements - initial cost | 5,613 | |
Adjustments and costs subsequent to acquisition | 284 | |
Gross carrying amount - Land | 1,249 | |
Gross carrying amount - Building and improvements | 5,897 | |
Gross carrying amount - Total | 7,146 | |
Accumulated depreciation | 497 | |
Lawrenceville [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,261 | |
Land - initial cost | 3,402 | |
Building and improvements - initial cost | 10,230 | |
Adjustments and costs subsequent to acquisition | 534 | |
Gross carrying amount - Land | 3,402 | |
Gross carrying amount - Building and improvements | 10,764 | |
Gross carrying amount - Total | 14,166 | |
Accumulated depreciation | 3,466 | |
Linden [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,673 | |
Land - initial cost | 1,517 | |
Building and improvements - initial cost | 8,384 | |
Adjustments and costs subsequent to acquisition | 291 | |
Gross carrying amount - Land | 1,517 | |
Gross carrying amount - Building and improvements | 8,675 | |
Gross carrying amount - Total | 10,192 | |
Accumulated depreciation | 2,440 | |
Lumberton [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,986 | |
Land - initial cost | 831 | |
Building and improvements - initial cost | 4,060 | |
Adjustments and costs subsequent to acquisition | 292 | |
Gross carrying amount - Land | 831 | |
Gross carrying amount - Building and improvements | 4,352 | |
Gross carrying amount - Total | 5,183 | |
Accumulated depreciation | 1,395 | |
Lyndhurst [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,679 | |
Building and improvements - initial cost | 4,644 | |
Adjustments and costs subsequent to acquisition | 1,032 | |
Gross carrying amount - Land | 2,928 | |
Gross carrying amount - Building and improvements | 5,427 | |
Gross carrying amount - Total | 8,355 | |
Accumulated depreciation | 1,951 | |
Mahwah [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,934 | |
Land - initial cost | 1,890 | |
Building and improvements - initial cost | 13,112 | |
Adjustments and costs subsequent to acquisition | 275 | |
Gross carrying amount - Land | 1,890 | |
Gross carrying amount - Building and improvements | 13,387 | |
Gross carrying amount - Total | 15,277 | |
Accumulated depreciation | 1,225 | |
Maple Shade [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,043 | |
Land - initial cost | 1,093 | |
Building and improvements - initial cost | 5,492 | |
Adjustments and costs subsequent to acquisition | 180 | |
Gross carrying amount - Land | 1,093 | |
Gross carrying amount - Building and improvements | 5,672 | |
Gross carrying amount - Total | 6,765 | |
Accumulated depreciation | 631 | |
Metuchen [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,491 | |
Land - initial cost | 1,153 | |
Building and improvements - initial cost | 4,462 | |
Adjustments and costs subsequent to acquisition | 355 | |
Gross carrying amount - Land | 1,153 | |
Gross carrying amount - Building and improvements | 4,817 | |
Gross carrying amount - Total | 5,970 | |
Accumulated depreciation | 1,796 | |
Montville [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,958 | |
Land - initial cost | 1,511 | |
Building and improvements - initial cost | 11,749 | |
Adjustments and costs subsequent to acquisition | 130 | |
Gross carrying amount - Land | 1,511 | |
Gross carrying amount - Building and improvements | 11,879 | |
Gross carrying amount - Total | 13,390 | |
Accumulated depreciation | 1,054 | |
Morrisville [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,487 | |
Building and improvements - initial cost | 7,494 | |
Adjustments and costs subsequent to acquisition | 2,202 | |
Gross carrying amount - Land | 1,688 | |
Gross carrying amount - Building and improvements | 10,495 | |
Gross carrying amount - Total | 12,183 | |
Accumulated depreciation | 2,855 | |
Mt Laurel [Member]] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,993 | |
Land - initial cost | 329 | |
Building and improvements - initial cost | 5,217 | |
Adjustments and costs subsequent to acquisition | 184 | |
Gross carrying amount - Land | 329 | |
Gross carrying amount - Building and improvements | 5,401 | |
Gross carrying amount - Total | 5,730 | |
Accumulated depreciation | 508 | |
Neptune [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,235 | |
Land - initial cost | 4,204 | |
Building and improvements - initial cost | 8,906 | |
Adjustments and costs subsequent to acquisition | 380 | |
Gross carrying amount - Land | 4,204 | |
Gross carrying amount - Building and improvements | 9,286 | |
Gross carrying amount - Total | 13,490 | |
Accumulated depreciation | 2,297 | |
Newark [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,330 | |
Land - initial cost | 806 | |
Building and improvements - initial cost | 8,340 | |
Adjustments and costs subsequent to acquisition | 137 | |
Gross carrying amount - Land | 806 | |
Gross carrying amount - Building and improvements | 8,477 | |
Gross carrying amount - Total | 9,283 | |
Accumulated depreciation | 775 | |
North Bergen / 83rd St [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 10,002 | |
Land - initial cost | 2,299 | |
Building and improvements - initial cost | 12,728 | |
Adjustments and costs subsequent to acquisition | 540 | |
Gross carrying amount - Land | 2,299 | |
Gross carrying amount - Building and improvements | 13,268 | |
Gross carrying amount - Total | 15,567 | |
Accumulated depreciation | 3,768 | |
North Bergen / Kennedy Blvd [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 861 | |
Building and improvements - initial cost | 17,127 | |
Adjustments and costs subsequent to acquisition | 242 | |
Gross carrying amount - Land | 861 | |
Gross carrying amount - Building and improvements | 17,369 | |
Gross carrying amount - Total | 18,230 | |
Accumulated depreciation | 1,902 | |
North Bergen / River Rd [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,935 | |
Land - initial cost | 2,100 | |
Building and improvements - initial cost | 6,606 | |
Adjustments and costs subsequent to acquisition | 330 | |
Gross carrying amount - Land | 2,100 | |
Gross carrying amount - Building and improvements | 6,936 | |
Gross carrying amount - Total | 9,036 | |
Accumulated depreciation | 2,366 | |
North Brunswick [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,128 | |
Land - initial cost | 2,789 | |
Building and improvements - initial cost | 4,404 | |
Adjustments and costs subsequent to acquisition | 150 | |
Gross carrying amount - Land | 2,789 | |
Gross carrying amount - Building and improvements | 4,554 | |
Gross carrying amount - Total | 7,343 | |
Accumulated depreciation | 435 | |
Old Bridge [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,525 | |
Land - initial cost | 2,758 | |
Building and improvements - initial cost | 6,450 | |
Adjustments and costs subsequent to acquisition | 1,005 | |
Gross carrying amount - Land | 2,758 | |
Gross carrying amount - Building and improvements | 7,455 | |
Gross carrying amount - Total | 10,213 | |
Accumulated depreciation | 2,917 | |
Parlin / Cheesequake Rd [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 5,273 | |
Adjustments and costs subsequent to acquisition | 458 | |
Gross carrying amount - Building and improvements | 5,731 | |
Gross carrying amount - Total | 5,731 | |
Accumulated depreciation | 2,418 | |
Parlin / Route 9 North [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,517 | |
Building and improvements - initial cost | 4,516 | |
Adjustments and costs subsequent to acquisition | 560 | |
Gross carrying amount - Land | 2,517 | |
Gross carrying amount - Building and improvements | 5,076 | |
Gross carrying amount - Total | 7,593 | |
Accumulated depreciation | 1,728 | |
Parsippany [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,322 | |
Land - initial cost | 2,353 | |
Building and improvements - initial cost | 7,798 | |
Adjustments and costs subsequent to acquisition | 142 | |
Gross carrying amount - Land | 2,354 | |
Gross carrying amount - Building and improvements | 7,939 | |
Gross carrying amount - Total | 10,293 | |
Accumulated depreciation | 739 | |
Pennsauken [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,667 | |
Land - initial cost | 1,644 | |
Building and improvements - initial cost | 3,115 | |
Adjustments and costs subsequent to acquisition | 362 | |
Gross carrying amount - Land | 1,644 | |
Gross carrying amount - Building and improvements | 3,477 | |
Gross carrying amount - Total | 5,121 | |
Accumulated depreciation | 487 | |
Riverdale [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,158 | |
Land - initial cost | 2,000 | |
Building and improvements - initial cost | 14,541 | |
Adjustments and costs subsequent to acquisition | 21 | |
Gross carrying amount - Land | 2,000 | |
Gross carrying amount - Building and improvements | 14,562 | |
Gross carrying amount - Total | 16,562 | |
Accumulated depreciation | 93 | |
South Brunswick [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,915 | |
Land - initial cost | 1,700 | |
Building and improvements - initial cost | 5,835 | |
Adjustments and costs subsequent to acquisition | 161 | |
Gross carrying amount - Land | 1,700 | |
Gross carrying amount - Building and improvements | 5,996 | |
Gross carrying amount - Total | 7,696 | |
Accumulated depreciation | 944 | |
Toms River / Route 37 East One [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,843 | |
Land - initial cost | 1,790 | |
Building and improvements - initial cost | 9,935 | |
Adjustments and costs subsequent to acquisition | 468 | |
Gross carrying amount - Land | 1,790 | |
Gross carrying amount - Building and improvements | 10,403 | |
Gross carrying amount - Total | 12,193 | |
Accumulated depreciation | 3,058 | |
Toms River / Route 37 East Two [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,800 | |
Building and improvements - initial cost | 10,765 | |
Adjustments and costs subsequent to acquisition | 14 | |
Gross carrying amount - Land | 1,800 | |
Gross carrying amount - Building and improvements | 10,779 | |
Gross carrying amount - Total | 12,579 | |
Accumulated depreciation | 69 | |
Toms River / Route 9 [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 980 | |
Building and improvements - initial cost | 4,717 | |
Adjustments and costs subsequent to acquisition | 25 | |
Gross carrying amount - Land | 980 | |
Gross carrying amount - Building and improvements | 4,742 | |
Gross carrying amount - Total | 5,722 | |
Accumulated depreciation | 30 | |
Trenton [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,180 | |
Building and improvements - initial cost | 8,007 | |
Adjustments and costs subsequent to acquisition | 42 | |
Gross carrying amount - Land | 2,180 | |
Gross carrying amount - Building and improvements | 8,049 | |
Gross carrying amount - Total | 10,229 | |
Accumulated depreciation | 51 | |
Trenton [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 2,375 | |
Gross carrying amount - Building and improvements | 2,375 | |
Gross carrying amount - Total | 2,375 | |
Accumulated depreciation | 20 | |
Union / Green Ln [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,222 | |
Land - initial cost | 1,754 | |
Building and improvements - initial cost | 6,237 | |
Adjustments and costs subsequent to acquisition | 424 | |
Gross carrying amount - Land | 1,754 | |
Gross carrying amount - Building and improvements | 6,661 | |
Gross carrying amount - Total | 8,415 | |
Accumulated depreciation | 2,061 | |
Union / Route 22 West [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,908 | |
Land - initial cost | 1,133 | |
Building and improvements - initial cost | 7,239 | |
Adjustments and costs subsequent to acquisition | 200 | |
Gross carrying amount - Land | 1,133 | |
Gross carrying amount - Building and improvements | 7,439 | |
Gross carrying amount - Total | 8,572 | |
Accumulated depreciation | 612 | |
Watchung [Member] | NEW JERSEY | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,811 | |
Land - initial cost | 1,843 | |
Building and improvements - initial cost | 4,499 | |
Adjustments and costs subsequent to acquisition | 242 | |
Gross carrying amount - Land | 1,843 | |
Gross carrying amount - Building and improvements | 4,741 | |
Gross carrying amount - Total | 6,584 | |
Accumulated depreciation | 405 | |
Albuquerque / Airport Dr NW [Member] | NEW MEXICO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 755 | |
Building and improvements - initial cost | 1,797 | |
Adjustments and costs subsequent to acquisition | 77 | |
Gross carrying amount - Land | 755 | |
Gross carrying amount - Building and improvements | 1,874 | |
Gross carrying amount - Total | 2,629 | |
Accumulated depreciation | 160 | |
Albuquerque / Calle Cuervo NW [Member] | NEW MEXICO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,506 | |
Land - initial cost | 1,298 | |
Building and improvements - initial cost | 4,628 | |
Adjustments and costs subsequent to acquisition | 670 | |
Gross carrying amount - Land | 1,298 | |
Gross carrying amount - Building and improvements | 5,298 | |
Gross carrying amount - Total | 6,596 | |
Accumulated depreciation | 1,303 | |
Santa Fe [Member] | NEW MEXICO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,724 | |
Land - initial cost | 3,066 | |
Building and improvements - initial cost | 7,366 | |
Adjustments and costs subsequent to acquisition | 431 | |
Gross carrying amount - Land | 3,066 | |
Gross carrying amount - Building and improvements | 7,797 | |
Gross carrying amount - Total | 10,863 | |
Accumulated depreciation | 725 | |
Henderson / Racetrack Rd [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,672 | |
Land - initial cost | 1,470 | |
Building and improvements - initial cost | 6,348 | |
Adjustments and costs subsequent to acquisition | 66 | |
Gross carrying amount - Land | 1,470 | |
Gross carrying amount - Building and improvements | 6,414 | |
Gross carrying amount - Total | 7,884 | |
Accumulated depreciation | 41 | |
Henderson / Stephanie Pl [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,048 | |
Land - initial cost | 2,934 | |
Building and improvements - initial cost | 8,897 | |
Adjustments and costs subsequent to acquisition | 270 | |
Gross carrying amount - Land | 2,934 | |
Gross carrying amount - Building and improvements | 9,167 | |
Gross carrying amount - Total | 12,101 | |
Accumulated depreciation | 757 | |
Las Vegas / Bonanza Rd [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,984 | |
Land - initial cost | 820 | |
Building and improvements - initial cost | 6,716 | |
Adjustments and costs subsequent to acquisition | 62 | |
Gross carrying amount - Land | 820 | |
Gross carrying amount - Building and improvements | 6,778 | |
Gross carrying amount - Total | 7,598 | |
Accumulated depreciation | 43 | |
Las Vegas / Durango Dr [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,140 | |
Building and improvements - initial cost | 4,384 | |
Adjustments and costs subsequent to acquisition | 50 | |
Gross carrying amount - Land | 1,140 | |
Gross carrying amount - Building and improvements | 4,434 | |
Gross carrying amount - Total | 5,574 | |
Accumulated depreciation | 28 | |
Las Vegas / Jones Blvd [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,402 | |
Land - initial cost | 1,441 | |
Building and improvements - initial cost | 1,810 | |
Adjustments and costs subsequent to acquisition | 140 | |
Gross carrying amount - Land | 1,441 | |
Gross carrying amount - Building and improvements | 1,950 | |
Gross carrying amount - Total | 3,391 | |
Accumulated depreciation | 272 | |
Las Vegas Las Vegas Blvd [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,830 | |
Building and improvements - initial cost | 6,834 | |
Adjustments and costs subsequent to acquisition | 90 | |
Gross carrying amount - Land | 2,830 | |
Gross carrying amount - Building and improvements | 6,924 | |
Gross carrying amount - Total | 9,754 | |
Accumulated depreciation | 45 | |
Las Vegas / N Lamont St [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,144 | |
Land - initial cost | 251 | |
Building and improvements - initial cost | 717 | |
Adjustments and costs subsequent to acquisition | 539 | |
Gross carrying amount - Land | 278 | |
Gross carrying amount - Building and improvements | 1,229 | |
Gross carrying amount - Total | 1,507 | |
Accumulated depreciation | 610 | |
Las Vegas / North Lamb Blvd [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,601 | |
Land - initial cost | 279 | |
Building and improvements - initial cost | 3,900 | |
Adjustments and costs subsequent to acquisition | 18 | |
Gross carrying amount - Land | 279 | |
Gross carrying amount - Building and improvements | 3,918 | |
Gross carrying amount - Total | 4,197 | |
Accumulated depreciation | 652 | |
Las Vegas Pecos Rd [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,420 | |
Building and improvements - initial cost | 5,900 | |
Adjustments and costs subsequent to acquisition | 65 | |
Gross carrying amount - Land | 1,420 | |
Gross carrying amount - Building and improvements | 5,965 | |
Gross carrying amount - Total | 7,385 | |
Accumulated depreciation | 38 | |
Las Vegas Rancho Dr [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 590 | |
Building and improvements - initial cost | 5,899 | |
Adjustments and costs subsequent to acquisition | 53 | |
Gross carrying amount - Land | 590 | |
Gross carrying amount - Building and improvements | 5,952 | |
Gross carrying amount - Total | 6,542 | |
Accumulated depreciation | 38 | |
Las Vegas W Charleston Blvd [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 550 | |
Building and improvements - initial cost | 1,319 | |
Adjustments and costs subsequent to acquisition | 70 | |
Gross carrying amount - Land | 550 | |
Gross carrying amount - Building and improvements | 1,389 | |
Gross carrying amount - Total | 1,939 | |
Accumulated depreciation | 8 | |
Las Vegas / W Sahara Ave [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,321 | |
Land - initial cost | 773 | |
Building and improvements - initial cost | 6,006 | |
Adjustments and costs subsequent to acquisition | 182 | |
Gross carrying amount - Land | 773 | |
Gross carrying amount - Building and improvements | 6,188 | |
Gross carrying amount - Total | 6,961 | |
Accumulated depreciation | 514 | |
Las Vegas / W Tropicana Ave [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,222 | |
Land - initial cost | 400 | |
Building and improvements - initial cost | 4,936 | |
Adjustments and costs subsequent to acquisition | 86 | |
Gross carrying amount - Land | 400 | |
Gross carrying amount - Building and improvements | 5,022 | |
Gross carrying amount - Total | 5,422 | |
Accumulated depreciation | 425 | |
North Las Vegas [Member] | NEVADA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,260 | |
Building and improvements - initial cost | 4,589 | |
Adjustments and costs subsequent to acquisition | 59 | |
Gross carrying amount - Land | 1,260 | |
Gross carrying amount - Building and improvements | 4,648 | |
Gross carrying amount - Total | 5,908 | |
Accumulated depreciation | 29 | |
Ballston Spa [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 890 | |
Building and improvements - initial cost | 9,941 | |
Adjustments and costs subsequent to acquisition | 22 | |
Gross carrying amount - Land | 890 | |
Gross carrying amount - Building and improvements | 9,963 | |
Gross carrying amount - Total | 10,853 | |
Accumulated depreciation | 64 | |
Bohemia [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,456 | |
Building and improvements - initial cost | 1,398 | |
Adjustments and costs subsequent to acquisition | 394 | |
Gross carrying amount - Land | 1,456 | |
Gross carrying amount - Building and improvements | 1,792 | |
Gross carrying amount - Total | 3,248 | |
Accumulated depreciation | 439 | |
Bronx / Edson Ave[Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 17,369 | |
Land - initial cost | 3,450 | |
Building and improvements - initial cost | 21,210 | |
Adjustments and costs subsequent to acquisition | 422 | |
Gross carrying amount - Land | 3,450 | |
Gross carrying amount - Building and improvements | 21,632 | |
Gross carrying amount - Total | 25,082 | |
Accumulated depreciation | 2,320 | |
Bronx / Fordham Rd [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,289 | |
Land - initial cost | 3,995 | |
Building and improvements - initial cost | 11,870 | |
Adjustments and costs subsequent to acquisition | 798 | |
Gross carrying amount - Land | 3,995 | |
Gross carrying amount - Building and improvements | 12,668 | |
Gross carrying amount - Total | 16,663 | |
Accumulated depreciation | 3,948 | |
Brooklyn / 3rd Ave [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 19,087 | |
Land - initial cost | 12,993 | |
Building and improvements - initial cost | 10,405 | |
Adjustments and costs subsequent to acquisition | 386 | |
Gross carrying amount - Land | 12,993 | |
Gross carrying amount - Building and improvements | 10,791 | |
Gross carrying amount - Total | 23,784 | |
Accumulated depreciation | 2,108 | |
Brooklyn / 64th St [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 21,188 | |
Land - initial cost | 16,188 | |
Building and improvements - initial cost | 23,309 | |
Adjustments and costs subsequent to acquisition | 347 | |
Gross carrying amount - Land | 16,257 | |
Gross carrying amount - Building and improvements | 23,587 | |
Gross carrying amount - Total | 39,844 | |
Accumulated depreciation | 2,146 | |
Brooklyn / Atlantic Ave [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,790 | |
Land - initial cost | 2,802 | |
Building and improvements - initial cost | 6,536 | |
Adjustments and costs subsequent to acquisition | 282 | |
Gross carrying amount - Land | 2,802 | |
Gross carrying amount - Building and improvements | 6,818 | |
Gross carrying amount - Total | 9,620 | |
Accumulated depreciation | 1,063 | |
Brooklyn / Avenue M [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 12,085 | |
Building and improvements - initial cost | 7,665 | |
Gross carrying amount - Land | 12,085 | |
Gross carrying amount - Building and improvements | 7,665 | |
Gross carrying amount - Total | 19,750 | |
Centereach [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,073 | |
Land - initial cost | 2,226 | |
Building and improvements - initial cost | 1,657 | |
Adjustments and costs subsequent to acquisition | 222 | |
Gross carrying amount - Land | 2,226 | |
Gross carrying amount - Building and improvements | 1,879 | |
Gross carrying amount - Total | 4,105 | |
Accumulated depreciation | 427 | |
Central Valley [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,800 | |
Building and improvements - initial cost | 12,173 | |
Adjustments and costs subsequent to acquisition | 475 | |
Gross carrying amount - Land | 2,800 | |
Gross carrying amount - Building and improvements | 12,648 | |
Gross carrying amount - Total | 15,448 | |
Accumulated depreciation | 1,182 | |
Freeport [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 5,676 | |
Building and improvements - initial cost | 3,784 | |
Adjustments and costs subsequent to acquisition | 892 | |
Gross carrying amount - Land | 5,676 | |
Gross carrying amount - Building and improvements | 4,676 | |
Gross carrying amount - Total | 10,352 | |
Accumulated depreciation | 844 | |
Hauppauge [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,482 | |
Land - initial cost | 1,238 | |
Building and improvements - initial cost | 7,095 | |
Adjustments and costs subsequent to acquisition | 352 | |
Gross carrying amount - Land | 1,238 | |
Gross carrying amount - Building and improvements | 7,447 | |
Gross carrying amount - Total | 8,685 | |
Accumulated depreciation | 697 | |
Hicksville [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,633 | |
Land - initial cost | 2,581 | |
Building and improvements - initial cost | 10,677 | |
Adjustments and costs subsequent to acquisition | 88 | |
Gross carrying amount - Land | 2,581 | |
Gross carrying amount - Building and improvements | 10,765 | |
Gross carrying amount - Total | 13,346 | |
Accumulated depreciation | 966 | |
Mt Vernon / N Mac Questen Pkwy [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,950 | |
Land - initial cost | 1,926 | |
Building and improvements - initial cost | 7,622 | |
Adjustments and costs subsequent to acquisition | 977 | |
Gross carrying amount - Land | 1,926 | |
Gross carrying amount - Building and improvements | 8,599 | |
Gross carrying amount - Total | 10,525 | |
Accumulated depreciation | 2,946 | |
Mt Vernon / Northwest St [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,585 | |
Building and improvements - initial cost | 6,025 | |
Adjustments and costs subsequent to acquisition | 2,838 | |
Gross carrying amount - Land | 1,585 | |
Gross carrying amount - Building and improvements | 8,863 | |
Gross carrying amount - Total | 10,448 | |
Accumulated depreciation | 2,679 | |
Nanuet [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,588 | |
Land - initial cost | 2,072 | |
Building and improvements - initial cost | 4,644 | |
Adjustments and costs subsequent to acquisition | 1,723 | |
Gross carrying amount - Land | 2,738 | |
Gross carrying amount - Building and improvements | 5,701 | |
Gross carrying amount - Total | 8,439 | |
Accumulated depreciation | 2,094 | |
New Paltz [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,335 | |
Land - initial cost | 2,059 | |
Building and improvements - initial cost | 3,715 | |
Adjustments and costs subsequent to acquisition | 469 | |
Gross carrying amount - Land | 2,059 | |
Gross carrying amount - Building and improvements | 4,184 | |
Gross carrying amount - Total | 6,243 | |
Accumulated depreciation | 1,367 | |
New York [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 18,346 | |
Land - initial cost | 3,060 | |
Building and improvements - initial cost | 16,978 | |
Adjustments and costs subsequent to acquisition | 779 | |
Gross carrying amount - Land | 3,060 | |
Gross carrying amount - Building and improvements | 17,757 | |
Gross carrying amount - Total | 20,817 | |
Accumulated depreciation | 5,088 | |
Plainview, NY [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,475 | |
Land - initial cost | 4,287 | |
Building and improvements - initial cost | 3,710 | |
Adjustments and costs subsequent to acquisition | 734 | |
Gross carrying amount - Land | 4,287 | |
Gross carrying amount - Building and improvements | 4,444 | |
Gross carrying amount - Total | 8,731 | |
Accumulated depreciation | 1,889 | |
Poughkeepsie [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,879 | |
Land - initial cost | 1,038 | |
Building and improvements - initial cost | 7,862 | |
Adjustments and costs subsequent to acquisition | 135 | |
Gross carrying amount - Land | 1,038 | |
Gross carrying amount - Building and improvements | 7,997 | |
Gross carrying amount - Total | 9,035 | |
Accumulated depreciation | 736 | |
Ridge [Member] | New York [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,050 | |
Land - initial cost | 1,762 | |
Building and improvements - initial cost | 6,934 | |
Adjustments and costs subsequent to acquisition | 59 | |
Gross carrying amount - Land | 1,762 | |
Gross carrying amount - Building and improvements | 6,993 | |
Gross carrying amount - Total | 8,755 | |
Accumulated depreciation | 626 | |
Cincinnati / Glencrossing Way [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,217 | |
Building and improvements - initial cost | 1,941 | |
Adjustments and costs subsequent to acquisition | 185 | |
Gross carrying amount - Land | 1,217 | |
Gross carrying amount - Building and improvements | 2,126 | |
Gross carrying amount - Total | 3,343 | |
Accumulated depreciation | 283 | |
Cincinnati / Glendale-Milford Rd [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,444 | |
Land - initial cost | 1,815 | |
Building and improvements - initial cost | 5,733 | |
Adjustments and costs subsequent to acquisition | 272 | |
Gross carrying amount - Land | 1,815 | |
Gross carrying amount - Building and improvements | 6,005 | |
Gross carrying amount - Total | 7,820 | |
Accumulated depreciation | 805 | |
Cincinnati / Hamilton Ave [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,941 | |
Building and improvements - initial cost | 2,177 | |
Adjustments and costs subsequent to acquisition | 272 | |
Gross carrying amount - Land | 2,941 | |
Gross carrying amount - Building and improvements | 2,449 | |
Gross carrying amount - Total | 5,390 | |
Accumulated depreciation | 375 | |
Cincinnati / Wooster Pk [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,349 | |
Land - initial cost | 1,445 | |
Building and improvements - initial cost | 3,755 | |
Adjustments and costs subsequent to acquisition | 269 | |
Gross carrying amount - Land | 1,445 | |
Gross carrying amount - Building and improvements | 4,024 | |
Gross carrying amount - Total | 5,469 | |
Accumulated depreciation | 556 | |
Columbus / Innis Rd [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 483 | |
Building and improvements - initial cost | 2,654 | |
Adjustments and costs subsequent to acquisition | 703 | |
Gross carrying amount - Land | 483 | |
Gross carrying amount - Building and improvements | 3,357 | |
Gross carrying amount - Total | 3,840 | |
Accumulated depreciation | 1,181 | |
Columbus / Kenny Rd [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,227 | |
Building and improvements - initial cost | 5,057 | |
Adjustments and costs subsequent to acquisition | 78 | |
Gross carrying amount - Land | 1,227 | |
Gross carrying amount - Building and improvements | 5,135 | |
Gross carrying amount - Total | 6,362 | |
Accumulated depreciation | 788 | |
Greenville [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 189 | |
Building and improvements - initial cost | 302 | |
Adjustments and costs subsequent to acquisition | 78 | |
Gross carrying amount - Land | 189 | |
Gross carrying amount - Building and improvements | 380 | |
Gross carrying amount - Total | 569 | |
Accumulated depreciation | 66 | |
Greenville [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 620 | |
Building and improvements - initial cost | 8,467 | |
Gross carrying amount - Land | 620 | |
Gross carrying amount - Building and improvements | 8,467 | |
Gross carrying amount - Total | 9,087 | |
Accumulated depreciation | 54 | |
Hamilton [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 673 | |
Building and improvements - initial cost | 2,910 | |
Adjustments and costs subsequent to acquisition | 139 | |
Gross carrying amount - Land | 673 | |
Gross carrying amount - Building and improvements | 3,049 | |
Gross carrying amount - Total | 3,722 | |
Accumulated depreciation | 389 | |
Hilliard [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,021 | |
Land - initial cost | 1,613 | |
Building and improvements - initial cost | 2,369 | |
Adjustments and costs subsequent to acquisition | 241 | |
Gross carrying amount - Land | 1,613 | |
Gross carrying amount - Building and improvements | 2,610 | |
Gross carrying amount - Total | 4,223 | |
Accumulated depreciation | 260 | |
Kent [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 220 | |
Building and improvements - initial cost | 1,206 | |
Adjustments and costs subsequent to acquisition | 265 | |
Gross carrying amount - Land | 220 | |
Gross carrying amount - Building and improvements | 1,471 | |
Gross carrying amount - Total | 1,691 | |
Accumulated depreciation | 539 | |
Lebanon [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,039 | |
Land - initial cost | 1,657 | |
Building and improvements - initial cost | 1,566 | |
Adjustments and costs subsequent to acquisition | 340 | |
Gross carrying amount - Land | 1,657 | |
Gross carrying amount - Building and improvements | 1,906 | |
Gross carrying amount - Total | 3,563 | |
Accumulated depreciation | 281 | |
Mentor / Heisley Rd [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,226 | |
Land - initial cost | 658 | |
Building and improvements - initial cost | 1,267 | |
Adjustments and costs subsequent to acquisition | 332 | |
Gross carrying amount - Land | 658 | |
Gross carrying amount - Building and improvements | 1,599 | |
Gross carrying amount - Total | 2,257 | |
Accumulated depreciation | 157 | |
Mentor / Mentor Ave [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,254 | |
Land - initial cost | 409 | |
Building and improvements - initial cost | 1,609 | |
Adjustments and costs subsequent to acquisition | 153 | |
Gross carrying amount - Land | 409 | |
Gross carrying amount - Building and improvements | 1,762 | |
Gross carrying amount - Total | 2,171 | |
Accumulated depreciation | 188 | |
Sidney [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 201 | |
Building and improvements - initial cost | 262 | |
Adjustments and costs subsequent to acquisition | 81 | |
Gross carrying amount - Land | 201 | |
Gross carrying amount - Building and improvements | 343 | |
Gross carrying amount - Total | 544 | |
Accumulated depreciation | 63 | |
Troy [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 273 | |
Building and improvements - initial cost | 544 | |
Adjustments and costs subsequent to acquisition | 127 | |
Gross carrying amount - Land | 273 | |
Gross carrying amount - Building and improvements | 671 | |
Gross carrying amount - Total | 944 | |
Accumulated depreciation | 118 | |
Washington Court House [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 197 | |
Building and improvements - initial cost | 499 | |
Adjustments and costs subsequent to acquisition | 71 | |
Gross carrying amount - Land | 197 | |
Gross carrying amount - Building and improvements | 570 | |
Gross carrying amount - Total | 767 | |
Accumulated depreciation | 90 | |
Whitehall [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 726 | |
Building and improvements - initial cost | 1,965 | |
Adjustments and costs subsequent to acquisition | 115 | |
Gross carrying amount - Land | 726 | |
Gross carrying amount - Building and improvements | 2,080 | |
Gross carrying amount - Total | 2,806 | |
Accumulated depreciation | 295 | |
Willoughby [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,035 | |
Land - initial cost | 155 | |
Building and improvements - initial cost | 1,811 | |
Adjustments and costs subsequent to acquisition | 78 | |
Gross carrying amount - Land | 155 | |
Gross carrying amount - Building and improvements | 1,889 | |
Gross carrying amount - Total | 2,044 | |
Accumulated depreciation | 172 | |
Xenia [Member] | OHIO | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 302 | |
Building and improvements - initial cost | 1,022 | |
Adjustments and costs subsequent to acquisition | 64 | |
Gross carrying amount - Land | 302 | |
Gross carrying amount - Building and improvements | 1,086 | |
Gross carrying amount - Total | 1,388 | |
Accumulated depreciation | 153 | |
Aloha / NW 185th Ave [Member] | OREGON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,022 | |
Land - initial cost | 1,221 | |
Building and improvements - initial cost | 6,262 | |
Adjustments and costs subsequent to acquisition | 298 | |
Gross carrying amount - Land | 1,221 | |
Gross carrying amount - Building and improvements | 6,560 | |
Gross carrying amount - Total | 7,781 | |
Accumulated depreciation | 1,942 | |
Aloha / SW 229th Ave [Member] | OREGON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,569 | |
Land - initial cost | 2,014 | |
Building and improvements - initial cost | 5,786 | |
Adjustments and costs subsequent to acquisition | 165 | |
Gross carrying amount - Land | 2,014 | |
Gross carrying amount - Building and improvements | 5,951 | |
Gross carrying amount - Total | 7,965 | |
Accumulated depreciation | 542 | |
Hillsboro [Member] | OREGON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 732 | |
Building and improvements - initial cost | 9,158 | |
Adjustments and costs subsequent to acquisition | 16 | |
Gross carrying amount - Land | 732 | |
Gross carrying amount - Building and improvements | 9,174 | |
Gross carrying amount - Total | 9,906 | |
King City [Member] | OREGON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,957 | |
Land - initial cost | 2,520 | |
Building and improvements - initial cost | 6,845 | |
Adjustments and costs subsequent to acquisition | 67 | |
Gross carrying amount - Land | 2,520 | |
Gross carrying amount - Building and improvements | 6,912 | |
Gross carrying amount - Total | 9,432 | |
Accumulated depreciation | 1,081 | |
Bensalem / Bristol Pike [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,188 | |
Land - initial cost | 1,131 | |
Building and improvements - initial cost | 4,525 | |
Adjustments and costs subsequent to acquisition | 323 | |
Gross carrying amount - Land | 1,131 | |
Gross carrying amount - Building and improvements | 4,848 | |
Gross carrying amount - Total | 5,979 | |
Accumulated depreciation | 1,509 | |
Bensalem / Knights Rd [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 750 | |
Building and improvements - initial cost | 3,015 | |
Adjustments and costs subsequent to acquisition | 197 | |
Gross carrying amount - Land | 750 | |
Gross carrying amount - Building and improvements | 3,212 | |
Gross carrying amount - Total | 3,962 | |
Accumulated depreciation | 894 | |
Collegeville [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 490 | |
Building and improvements - initial cost | 6,947 | |
Adjustments and costs subsequent to acquisition | 103 | |
Gross carrying amount - Land | 490 | |
Gross carrying amount - Building and improvements | 7,050 | |
Gross carrying amount - Total | 7,540 | |
Accumulated depreciation | 46 | |
Doylestown [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 220 | |
Building and improvements - initial cost | 3,442 | |
Adjustments and costs subsequent to acquisition | 1,129 | |
Gross carrying amount - Land | 521 | |
Gross carrying amount - Building and improvements | 4,270 | |
Gross carrying amount - Total | 4,791 | |
Accumulated depreciation | 1,592 | |
Kennedy Township [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,529 | |
Land - initial cost | 736 | |
Building and improvements - initial cost | 3,173 | |
Adjustments and costs subsequent to acquisition | 285 | |
Gross carrying amount - Land | 736 | |
Gross carrying amount - Building and improvements | 3,458 | |
Gross carrying amount - Total | 4,194 | |
Accumulated depreciation | 1,431 | |
Philadelphia / Roosevelt BI [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,473 | |
Land - initial cost | 1,965 | |
Building and improvements - initial cost | 5,925 | |
Adjustments and costs subsequent to acquisition | 1,237 | |
Gross carrying amount - Land | 1,965 | |
Gross carrying amount - Building and improvements | 7,162 | |
Gross carrying amount - Total | 9,127 | |
Accumulated depreciation | 2,372 | |
Philadelphia / Wayne Ave [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 596 | |
Building and improvements - initial cost | 10,368 | |
Adjustments and costs subsequent to acquisition | 44 | |
Gross carrying amount - Land | 596 | |
Gross carrying amount - Building and improvements | 10,412 | |
Gross carrying amount - Total | 11,008 | |
Accumulated depreciation | 1,148 | |
Pittsburgh / E Entry Dr [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,529 | |
Land - initial cost | 991 | |
Building and improvements - initial cost | 1,990 | |
Adjustments and costs subsequent to acquisition | 924 | |
Gross carrying amount - Land | 1,082 | |
Gross carrying amount - Building and improvements | 2,823 | |
Gross carrying amount - Total | 3,905 | |
Accumulated depreciation | 1,154 | |
Pittsburgh Landings Dr [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 400 | |
Building and improvements - initial cost | 3,936 | |
Adjustments and costs subsequent to acquisition | 31 | |
Gross carrying amount - Land | 400 | |
Gross carrying amount - Building and improvements | 3,967 | |
Gross carrying amount - Total | 4,367 | |
Accumulated depreciation | 25 | |
Pittsburgh / Penn Ave [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,730 | |
Land - initial cost | 889 | |
Building and improvements - initial cost | 4,117 | |
Adjustments and costs subsequent to acquisition | 636 | |
Gross carrying amount - Land | 889 | |
Gross carrying amount - Building and improvements | 4,753 | |
Gross carrying amount - Total | 5,642 | |
Accumulated depreciation | 1,991 | |
Skippack [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 720 | |
Building and improvements - initial cost | 4,552 | |
Adjustments and costs subsequent to acquisition | 80 | |
Gross carrying amount - Land | 720 | |
Gross carrying amount - Building and improvements | 4,632 | |
Gross carrying amount - Total | 5,352 | |
Accumulated depreciation | 29 | |
West Mifflin [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 840 | |
Building and improvements - initial cost | 8,931 | |
Adjustments and costs subsequent to acquisition | 68 | |
Gross carrying amount - Land | 840 | |
Gross carrying amount - Building and improvements | 8,999 | |
Gross carrying amount - Total | 9,839 | |
Accumulated depreciation | 57 | |
Willow Grove [Member] | PENNSYLVANIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,058 | |
Land - initial cost | 1,297 | |
Building and improvements - initial cost | 4,027 | |
Adjustments and costs subsequent to acquisition | 343 | |
Gross carrying amount - Land | 1,297 | |
Gross carrying amount - Building and improvements | 4,370 | |
Gross carrying amount - Total | 5,667 | |
Accumulated depreciation | 624 | |
Johnston / Hartford Ave [Member] | RHODE ISLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,658 | |
Building and improvements - initial cost | 4,799 | |
Adjustments and costs subsequent to acquisition | 643 | |
Gross carrying amount - Land | 2,658 | |
Gross carrying amount - Building and improvements | 5,442 | |
Gross carrying amount - Total | 8,100 | |
Accumulated depreciation | 1,691 | |
Johnston / Plainfield [Member] | RHODE ISLAND | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,827 | |
Land - initial cost | 533 | |
Building and improvements - initial cost | 2,127 | |
Adjustments and costs subsequent to acquisition | 76 | |
Gross carrying amount - Land | 533 | |
Gross carrying amount - Building and improvements | 2,203 | |
Gross carrying amount - Total | 2,736 | |
Accumulated depreciation | 243 | |
Bluffton [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,010 | |
Building and improvements - initial cost | 8,673 | |
Gross carrying amount - Land | 1,010 | |
Gross carrying amount - Building and improvements | 8,673 | |
Gross carrying amount - Total | 9,683 | |
Accumulated depreciation | 56 | |
Charleston Ashley River Rd [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 500 | |
Building and improvements - initial cost | 5,390 | |
Adjustments and costs subsequent to acquisition | 19 | |
Gross carrying amount - Land | 500 | |
Gross carrying amount - Building and improvements | 5,409 | |
Gross carrying amount - Total | 5,909 | |
Accumulated depreciation | 35 | |
Charleston Glenn McConnell Pkwy [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,416 | |
Land - initial cost | 1,279 | |
Building and improvements - initial cost | 4,171 | |
Adjustments and costs subsequent to acquisition | 272 | |
Gross carrying amount - Land | 1,279 | |
Gross carrying amount - Building and improvements | 4,443 | |
Gross carrying amount - Total | 5,722 | |
Accumulated depreciation | 1,371 | |
Charleston Maybank Hwy [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,601 | |
Land - initial cost | 600 | |
Building and improvements - initial cost | 9,364 | |
Adjustments and costs subsequent to acquisition | 31 | |
Gross carrying amount - Land | 600 | |
Gross carrying amount - Building and improvements | 9,395 | |
Gross carrying amount - Total | 9,995 | |
Accumulated depreciation | 60 | |
Charleston Savannah Hwy [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 370 | |
Building and improvements - initial cost | 3,794 | |
Adjustments and costs subsequent to acquisition | 21 | |
Gross carrying amount - Land | 370 | |
Gross carrying amount - Building and improvements | 3,815 | |
Gross carrying amount - Total | 4,185 | |
Accumulated depreciation | 24 | |
Columbia Clemson Rd [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,483 | |
Building and improvements - initial cost | 5,415 | |
Adjustments and costs subsequent to acquisition | 61 | |
Gross carrying amount - Land | 1,483 | |
Gross carrying amount - Building and improvements | 5,476 | |
Gross carrying amount - Total | 6,959 | |
Accumulated depreciation | 111 | |
Columbia / Decker Blvd [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,208 | |
Land - initial cost | 1,784 | |
Building and improvements - initial cost | 2,745 | |
Adjustments and costs subsequent to acquisition | 136 | |
Gross carrying amount - Land | 1,784 | |
Gross carrying amount - Building and improvements | 2,881 | |
Gross carrying amount - Total | 4,665 | |
Accumulated depreciation | 262 | |
Columbia / Harban Ct [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,737 | |
Land - initial cost | 838 | |
Building and improvements - initial cost | 3,312 | |
Adjustments and costs subsequent to acquisition | 339 | |
Gross carrying amount - Land | 839 | |
Gross carrying amount - Building and improvements | 3,650 | |
Gross carrying amount - Total | 4,489 | |
Accumulated depreciation | 1,153 | |
Columbia Percival Rd [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 480 | |
Building and improvements - initial cost | 2,115 | |
Gross carrying amount - Land | 480 | |
Gross carrying amount - Building and improvements | 2,115 | |
Gross carrying amount - Total | 2,595 | |
Accumulated depreciation | 14 | |
Goose Creek [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,683 | |
Building and improvements - initial cost | 4,372 | |
Adjustments and costs subsequent to acquisition | 1,088 | |
Gross carrying amount - Land | 1,683 | |
Gross carrying amount - Building and improvements | 5,460 | |
Gross carrying amount - Total | 7,143 | |
Accumulated depreciation | 1,594 | |
Lexington / Northpoint Dr [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 780 | |
Building and improvements - initial cost | 5,732 | |
Adjustments and costs subsequent to acquisition | 3 | |
Gross carrying amount - Land | 780 | |
Gross carrying amount - Building and improvements | 5,735 | |
Gross carrying amount - Total | 6,515 | |
Accumulated depreciation | 37 | |
Lexington / St Peters Church Rd [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 750 | |
Building and improvements - initial cost | 1,481 | |
Gross carrying amount - Land | 750 | |
Gross carrying amount - Building and improvements | 1,481 | |
Gross carrying amount - Total | 2,231 | |
Accumulated depreciation | 9 | |
Mt Pleasant / Bowman Rd [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,740 | |
Building and improvements - initial cost | 3,094 | |
Adjustments and costs subsequent to acquisition | 69 | |
Gross carrying amount - Land | 1,740 | |
Gross carrying amount - Building and improvements | 3,163 | |
Gross carrying amount - Total | 4,903 | |
Accumulated depreciation | 20 | |
Mt Pleasant Hwy Seventeenth N [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,702 | |
Land - initial cost | 4,600 | |
Building and improvements - initial cost | 2,342 | |
Adjustments and costs subsequent to acquisition | 2 | |
Gross carrying amount - Land | 4,600 | |
Gross carrying amount - Building and improvements | 2,344 | |
Gross carrying amount - Total | 6,944 | |
Accumulated depreciation | 15 | |
Mt Pleasant / Stockade Ln [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 14,347 | |
Land - initial cost | 11,680 | |
Building and improvements - initial cost | 19,626 | |
Gross carrying amount - Land | 11,680 | |
Gross carrying amount - Building and improvements | 19,626 | |
Gross carrying amount - Total | 31,306 | |
Accumulated depreciation | 126 | |
Myrtle Beach [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 510 | |
Building and improvements - initial cost | 3,921 | |
Gross carrying amount - Land | 510 | |
Gross carrying amount - Building and improvements | 3,921 | |
Gross carrying amount - Total | 4,431 | |
Accumulated depreciation | 25 | |
North Charleston [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,809 | |
Land - initial cost | 1,250 | |
Building and improvements - initial cost | 8,753 | |
Adjustments and costs subsequent to acquisition | 19 | |
Gross carrying amount - Land | 1,250 | |
Gross carrying amount - Building and improvements | 8,772 | |
Gross carrying amount - Total | 10,022 | |
Accumulated depreciation | 57 | |
North Charleston / Dorchester Road [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 280 | |
Building and improvements - initial cost | 5,814 | |
Adjustments and costs subsequent to acquisition | 71 | |
Gross carrying amount - Land | 280 | |
Gross carrying amount - Building and improvements | 5,885 | |
Gross carrying amount - Total | 6,165 | |
Accumulated depreciation | 119 | |
Summerville / Old Trolley Rd [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 450 | |
Building and improvements - initial cost | 4,454 | |
Adjustments and costs subsequent to acquisition | 239 | |
Gross carrying amount - Land | 450 | |
Gross carrying amount - Building and improvements | 4,693 | |
Gross carrying amount - Total | 5,143 | |
Accumulated depreciation | 1,442 | |
Taylors [Member] | SOUTH CAROLINA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,398 | |
Land - initial cost | 1,433 | |
Building and improvements - initial cost | 6,071 | |
Adjustments and costs subsequent to acquisition | 77 | |
Gross carrying amount - Land | 1,433 | |
Gross carrying amount - Building and improvements | 6,148 | |
Gross carrying amount - Total | 7,581 | |
Accumulated depreciation | 166 | |
Bartlett [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,346 | |
Land - initial cost | 632 | |
Building and improvements - initial cost | 3,798 | |
Adjustments and costs subsequent to acquisition | 109 | |
Gross carrying amount - Land | 632 | |
Gross carrying amount - Building and improvements | 3,907 | |
Gross carrying amount - Total | 4,539 | |
Accumulated depreciation | 357 | |
Cordova / Houston Levee Rd [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,971 | |
Land - initial cost | 652 | |
Building and improvements - initial cost | 1,791 | |
Adjustments and costs subsequent to acquisition | 94 | |
Gross carrying amount - Land | 652 | |
Gross carrying amount - Building and improvements | 1,885 | |
Gross carrying amount - Total | 2,537 | |
Accumulated depreciation | 265 | |
Cordova / N Germantown Pkwy 1 [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 852 | |
Building and improvements - initial cost | 2,720 | |
Adjustments and costs subsequent to acquisition | 319 | |
Gross carrying amount - Land | 852 | |
Gross carrying amount - Building and improvements | 3,039 | |
Gross carrying amount - Total | 3,891 | |
Accumulated depreciation | 989 | |
Cordova / N Germantown Pkwy 2 [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,794 | |
Land - initial cost | 8,187 | |
Building and improvements - initial cost | 4,628 | |
Adjustments and costs subsequent to acquisition | 80 | |
Gross carrying amount - Land | 8,187 | |
Gross carrying amount - Building and improvements | 4,708 | |
Gross carrying amount - Total | 12,895 | |
Accumulated depreciation | 1,077 | |
Cordova / Patriot Cove [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 894 | |
Building and improvements - initial cost | 2,680 | |
Adjustments and costs subsequent to acquisition | 161 | |
Gross carrying amount - Land | 894 | |
Gross carrying amount - Building and improvements | 2,841 | |
Gross carrying amount - Total | 3,735 | |
Accumulated depreciation | 717 | |
Franklin [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,000 | |
Land - initial cost | 3,357 | |
Building and improvements - initial cost | 8,984 | |
Adjustments and costs subsequent to acquisition | 195 | |
Gross carrying amount - Land | 3,357 | |
Gross carrying amount - Building and improvements | 9,179 | |
Gross carrying amount - Total | 12,536 | |
Accumulated depreciation | 778 | |
Knoxville Ebenezer Rd [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,338 | |
Land - initial cost | 470 | |
Building and improvements - initial cost | 13,299 | |
Gross carrying amount - Land | 470 | |
Gross carrying amount - Building and improvements | 13,299 | |
Gross carrying amount - Total | 13,769 | |
Accumulated depreciation | 85 | |
Knoxville Lovell Rd [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,152 | |
Land - initial cost | 1,360 | |
Building and improvements - initial cost | 8,475 | |
Gross carrying amount - Land | 1,360 | |
Gross carrying amount - Building and improvements | 8,475 | |
Gross carrying amount - Total | 9,835 | |
Accumulated depreciation | 54 | |
Lenoir City [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,481 | |
Land - initial cost | 850 | |
Building and improvements - initial cost | 10,738 | |
Gross carrying amount - Land | 850 | |
Gross carrying amount - Building and improvements | 10,738 | |
Gross carrying amount - Total | 11,588 | |
Accumulated depreciation | 69 | |
Memphis [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 570 | |
Building and improvements - initial cost | 8,893 | |
Adjustments and costs subsequent to acquisition | 26 | |
Gross carrying amount - Land | 570 | |
Gross carrying amount - Building and improvements | 8,919 | |
Gross carrying amount - Total | 9,489 | |
Accumulated depreciation | 57 | |
Memphis / Covington Way [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,599 | |
Land - initial cost | 274 | |
Building and improvements - initial cost | 2,623 | |
Adjustments and costs subsequent to acquisition | 39 | |
Gross carrying amount - Land | 274 | |
Gross carrying amount - Building and improvements | 2,662 | |
Gross carrying amount - Total | 2,936 | |
Accumulated depreciation | 244 | |
Memphis / Mt Moriah [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,518 | |
Land - initial cost | 1,617 | |
Building and improvements - initial cost | 2,875 | |
Adjustments and costs subsequent to acquisition | 164 | |
Gross carrying amount - Land | 1,617 | |
Gross carrying amount - Building and improvements | 3,039 | |
Gross carrying amount - Total | 4,656 | |
Accumulated depreciation | 260 | |
Memphis / Mt Moriah Terrace [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,925 | |
Land - initial cost | 1,313 | |
Building and improvements - initial cost | 2,928 | |
Adjustments and costs subsequent to acquisition | 274 | |
Gross carrying amount - Land | 1,313 | |
Gross carrying amount - Building and improvements | 3,202 | |
Gross carrying amount - Total | 4,515 | |
Accumulated depreciation | 428 | |
Memphis / Raleigh-LaGrange [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 972 | |
Land - initial cost | 110 | |
Building and improvements - initial cost | 1,280 | |
Adjustments and costs subsequent to acquisition | 68 | |
Gross carrying amount - Land | 110 | |
Gross carrying amount - Building and improvements | 1,348 | |
Gross carrying amount - Total | 1,458 | |
Accumulated depreciation | 126 | |
Memphis / Riverdale Bend [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 803 | |
Building and improvements - initial cost | 4,635 | |
Adjustments and costs subsequent to acquisition | 134 | |
Gross carrying amount - Land | 803 | |
Gross carrying amount - Building and improvements | 4,769 | |
Gross carrying amount - Total | 5,572 | |
Accumulated depreciation | 588 | |
Memphis / Summer Ave [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,388 | |
Land - initial cost | 1,040 | |
Building and improvements - initial cost | 3,867 | |
Adjustments and costs subsequent to acquisition | 172 | |
Gross carrying amount - Land | 1,040 | |
Gross carrying amount - Building and improvements | 4,039 | |
Gross carrying amount - Total | 5,079 | |
Accumulated depreciation | 347 | |
Nashville [Member] | TENNESSEE | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,810 | |
Land - initial cost | 390 | |
Building and improvements - initial cost | 2,598 | |
Adjustments and costs subsequent to acquisition | 961 | |
Gross carrying amount - Land | 390 | |
Gross carrying amount - Building and improvements | 3,559 | |
Gross carrying amount - Total | 3,949 | |
Accumulated depreciation | 1,211 | |
Allen [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,410 | |
Land - initial cost | 901 | |
Building and improvements - initial cost | 5,553 | |
Adjustments and costs subsequent to acquisition | 292 | |
Gross carrying amount - Land | 901 | |
Gross carrying amount - Building and improvements | 5,845 | |
Gross carrying amount - Total | 6,746 | |
Accumulated depreciation | 1,463 | |
Arlington Debbie Lane [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 742 | |
Building and improvements - initial cost | 7,072 | |
Adjustments and costs subsequent to acquisition | 38 | |
Gross carrying amount - Land | 742 | |
Gross carrying amount - Building and improvements | 7,110 | |
Gross carrying amount - Total | 7,852 | |
Accumulated depreciation | 129 | |
Arlington E Pioneer Pkwy [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 534 | |
Building and improvements - initial cost | 2,525 | |
Adjustments and costs subsequent to acquisition | 467 | |
Gross carrying amount - Land | 534 | |
Gross carrying amount - Building and improvements | 2,992 | |
Gross carrying amount - Total | 3,526 | |
Accumulated depreciation | 1,054 | |
Arlington Randol Mill Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 630 | |
Building and improvements - initial cost | 5,214 | |
Adjustments and costs subsequent to acquisition | 22 | |
Gross carrying amount - Land | 630 | |
Gross carrying amount - Building and improvements | 5,236 | |
Gross carrying amount - Total | 5,866 | |
Accumulated depreciation | 33 | |
Arlington US 287 Frontage Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,674 | |
Land - initial cost | 567 | |
Building and improvements - initial cost | 5,340 | |
Adjustments and costs subsequent to acquisition | 192 | |
Gross carrying amount - Land | 567 | |
Gross carrying amount - Building and improvements | 5,532 | |
Gross carrying amount - Total | 6,099 | |
Accumulated depreciation | 105 | |
Arlington Watson Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,701 | |
Land - initial cost | 698 | |
Building and improvements - initial cost | 3,862 | |
Adjustments and costs subsequent to acquisition | 247 | |
Gross carrying amount - Land | 698 | |
Gross carrying amount - Building and improvements | 4,109 | |
Gross carrying amount - Total | 4,807 | |
Accumulated depreciation | 79 | |
Austin First Street [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 807 | |
Building and improvements - initial cost | 7,689 | |
Adjustments and costs subsequent to acquisition | 170 | |
Gross carrying amount - Land | 807 | |
Gross carrying amount - Building and improvements | 7,859 | |
Gross carrying amount - Total | 8,666 | |
Accumulated depreciation | 197 | |
Austin Brodie Lane [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,717 | |
Land - initial cost | 1,155 | |
Building and improvements - initial cost | 8,552 | |
Adjustments and costs subsequent to acquisition | 185 | |
Gross carrying amount - Land | 1,155 | |
Gross carrying amount - Building and improvements | 8,737 | |
Gross carrying amount - Total | 9,892 | |
Accumulated depreciation | 222 | |
Austin / Burnet Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,893 | |
Land - initial cost | 870 | |
Building and improvements - initial cost | 4,455 | |
Adjustments and costs subsequent to acquisition | 377 | |
Gross carrying amount - Land | 870 | |
Gross carrying amount - Building and improvements | 4,832 | |
Gross carrying amount - Total | 5,702 | |
Accumulated depreciation | 1,542 | |
Austin Capital of Texas Hwy [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 10,117 | |
Building and improvements - initial cost | 13,248 | |
Adjustments and costs subsequent to acquisition | 156 | |
Gross carrying amount - Land | 10,117 | |
Gross carrying amount - Building and improvements | 13,404 | |
Gross carrying amount - Total | 23,521 | |
Accumulated depreciation | 336 | |
Austin / McNeil Dr [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,411 | |
Building and improvements - initial cost | 4,502 | |
Adjustments and costs subsequent to acquisition | 76 | |
Gross carrying amount - Land | 3,411 | |
Gross carrying amount - Building and improvements | 4,578 | |
Gross carrying amount - Total | 7,989 | |
Accumulated depreciation | 613 | |
Austin / North Lamar Blvd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,041 | |
Land - initial cost | 1,047 | |
Building and improvements - initial cost | 9,969 | |
Adjustments and costs subsequent to acquisition | 157 | |
Gross carrying amount - Land | 1,047 | |
Gross carrying amount - Building and improvements | 10,126 | |
Gross carrying amount - Total | 11,173 | |
Accumulated depreciation | 362 | |
Baytown [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,586 | |
Land - initial cost | 619 | |
Building and improvements - initial cost | 7,861 | |
Adjustments and costs subsequent to acquisition | 55 | |
Gross carrying amount - Land | 619 | |
Gross carrying amount - Building and improvements | 7,916 | |
Gross carrying amount - Total | 8,535 | |
Accumulated depreciation | 103 | |
Coppell Belt Line Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,295 | |
Land - initial cost | 724 | |
Building and improvements - initial cost | 5,743 | |
Adjustments and costs subsequent to acquisition | 206 | |
Gross carrying amount - Land | 724 | |
Gross carrying amount - Building and improvements | 5,949 | |
Gross carrying amount - Total | 6,673 | |
Accumulated depreciation | 108 | |
Coppell Denton Tap Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,270 | |
Building and improvements - initial cost | 9,333 | |
Adjustments and costs subsequent to acquisition | 16 | |
Gross carrying amount - Land | 2,270 | |
Gross carrying amount - Building and improvements | 9,349 | |
Gross carrying amount - Total | 11,619 | |
Accumulated depreciation | 60 | |
Dallas Clark Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,011 | |
Land - initial cost | 1,837 | |
Building and improvements - initial cost | 8,426 | |
Adjustments and costs subsequent to acquisition | 390 | |
Gross carrying amount - Land | 1,837 | |
Gross carrying amount - Building and improvements | 8,816 | |
Gross carrying amount - Total | 10,653 | |
Accumulated depreciation | 162 | |
Dallas E Northwest Hwy [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 4,432 | |
Building and improvements - initial cost | 6,181 | |
Adjustments and costs subsequent to acquisition | 1,199 | |
Gross carrying amount - Land | 4,432 | |
Gross carrying amount - Building and improvements | 7,380 | |
Gross carrying amount - Total | 11,812 | |
Accumulated depreciation | 2,261 | |
Dallas / Garland Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,974 | |
Land - initial cost | 337 | |
Building and improvements - initial cost | 2,216 | |
Adjustments and costs subsequent to acquisition | 638 | |
Gross carrying amount - Land | 337 | |
Gross carrying amount - Building and improvements | 2,854 | |
Gross carrying amount - Total | 3,191 | |
Accumulated depreciation | 947 | |
Dallas Haskell Ave [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 275 | |
Building and improvements - initial cost | 11,183 | |
Adjustments and costs subsequent to acquisition | 255 | |
Gross carrying amount - Land | 275 | |
Gross carrying amount - Building and improvements | 11,438 | |
Gross carrying amount - Total | 11,713 | |
Accumulated depreciation | 209 | |
Dallas / Inwood Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 11,106 | |
Land - initial cost | 1,980 | |
Building and improvements - initial cost | 12,501 | |
Adjustments and costs subsequent to acquisition | 507 | |
Gross carrying amount - Land | 1,979 | |
Gross carrying amount - Building and improvements | 13,009 | |
Gross carrying amount - Total | 14,988 | |
Accumulated depreciation | 3,364 | |
Dallas Lyndon B Johnson Freeway [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,615 | |
Land - initial cost | 1,729 | |
Building and improvements - initial cost | 7,876 | |
Adjustments and costs subsequent to acquisition | 427 | |
Gross carrying amount - Land | 1,729 | |
Gross carrying amount - Building and improvements | 8,303 | |
Gross carrying amount - Total | 10,032 | |
Accumulated depreciation | 153 | |
Dallas / N Central Expressway [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 17,137 | |
Land - initial cost | 13,392 | |
Building and improvements - initial cost | 15,019 | |
Adjustments and costs subsequent to acquisition | 56 | |
Gross carrying amount - Land | 13,392 | |
Gross carrying amount - Building and improvements | 15,075 | |
Gross carrying amount - Total | 28,467 | |
Accumulated depreciation | 1,250 | |
Dallas / Preston Rd 1 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,082 | |
Land - initial cost | 921 | |
Building and improvements - initial cost | 7,656 | |
Adjustments and costs subsequent to acquisition | 119 | |
Gross carrying amount - Land | 921 | |
Gross carrying amount - Building and improvements | 7,775 | |
Gross carrying amount - Total | 8,696 | |
Accumulated depreciation | 719 | |
Dallas / Preston Rd 2 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,806 | |
Land - initial cost | 2,542 | |
Building and improvements - initial cost | 3,274 | |
Adjustments and costs subsequent to acquisition | 269 | |
Gross carrying amount - Land | 2,542 | |
Gross carrying amount - Building and improvements | 3,543 | |
Gross carrying amount - Total | 6,085 | |
Accumulated depreciation | 365 | |
Dallas Shiloh Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,293 | |
Land - initial cost | 781 | |
Building and improvements - initial cost | 7,104 | |
Adjustments and costs subsequent to acquisition | 287 | |
Gross carrying amount - Land | 781 | |
Gross carrying amount - Building and improvements | 7,391 | |
Gross carrying amount - Total | 8,172 | |
Accumulated depreciation | 138 | |
Dallas / W Northwest Hwy [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,320 | |
Building and improvements - initial cost | 6,547 | |
Adjustments and costs subsequent to acquisition | 34 | |
Gross carrying amount - Land | 1,320 | |
Gross carrying amount - Building and improvements | 6,581 | |
Gross carrying amount - Total | 7,901 | |
Accumulated depreciation | 42 | |
Dallas / Walton Walker Blvd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,904 | |
Land - initial cost | 547 | |
Building and improvements - initial cost | 5,970 | |
Adjustments and costs subsequent to acquisition | 294 | |
Gross carrying amount - Land | 547 | |
Gross carrying amount - Building and improvements | 6,264 | |
Gross carrying amount - Total | 6,811 | |
Accumulated depreciation | 116 | |
DeSoto [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,404 | |
Land - initial cost | 821 | |
Building and improvements - initial cost | 8,298 | |
Adjustments and costs subsequent to acquisition | 223 | |
Gross carrying amount - Land | 821 | |
Gross carrying amount - Building and improvements | 8,521 | |
Gross carrying amount - Total | 9,342 | |
Accumulated depreciation | 157 | |
Duncanville E Hwy 67 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,053 | |
Land - initial cost | 1,328 | |
Building and improvements - initial cost | 4,997 | |
Adjustments and costs subsequent to acquisition | 234 | |
Gross carrying amount - Land | 1,328 | |
Gross carrying amount - Building and improvements | 5,231 | |
Gross carrying amount - Total | 6,559 | |
Accumulated depreciation | 97 | |
Duncanville E Wheatland Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 793 | |
Building and improvements - initial cost | 7,062 | |
Adjustments and costs subsequent to acquisition | 231 | |
Gross carrying amount - Land | 793 | |
Gross carrying amount - Building and improvements | 7,293 | |
Gross carrying amount - Total | 8,086 | |
Accumulated depreciation | 137 | |
El Paso / Desert Blvd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 890 | |
Building and improvements - initial cost | 3,207 | |
Adjustments and costs subsequent to acquisition | 24 | |
Gross carrying amount - Land | 890 | |
Gross carrying amount - Building and improvements | 3,231 | |
Gross carrying amount - Total | 4,121 | |
Accumulated depreciation | 21 | |
El Paso / Dyer St [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,510 | |
Building and improvements - initial cost | 5,034 | |
Adjustments and costs subsequent to acquisition | 21 | |
Gross carrying amount - Land | 1,510 | |
Gross carrying amount - Building and improvements | 5,055 | |
Gross carrying amount - Total | 6,565 | |
Accumulated depreciation | 32 | |
El Paso Joe Battle Blvd One [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,010 | |
Building and improvements - initial cost | 5,238 | |
Adjustments and costs subsequent to acquisition | 36 | |
Gross carrying amount - Land | 1,010 | |
Gross carrying amount - Building and improvements | 5,274 | |
Gross carrying amount - Total | 6,284 | |
Accumulated depreciation | 34 | |
El Paso Joe Battle Blvd Two [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 850 | |
Building and improvements - initial cost | 2,775 | |
Adjustments and costs subsequent to acquisition | 28 | |
Gross carrying amount - Land | 850 | |
Gross carrying amount - Building and improvements | 2,803 | |
Gross carrying amount - Total | 3,653 | |
Accumulated depreciation | 18 | |
El Paso / Woodrow Bean Dr [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 420 | |
Building and improvements - initial cost | 1,752 | |
Adjustments and costs subsequent to acquisition | 11 | |
Gross carrying amount - Land | 420 | |
Gross carrying amount - Building and improvements | 1,763 | |
Gross carrying amount - Total | 2,183 | |
Accumulated depreciation | 11 | |
Euless / Mid-Cities Blvd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,342 | |
Land - initial cost | 1,374 | |
Building and improvements - initial cost | 5,636 | |
Adjustments and costs subsequent to acquisition | 125 | |
Gross carrying amount - Land | 1,374 | |
Gross carrying amount - Building and improvements | 5,761 | |
Gross carrying amount - Total | 7,135 | |
Accumulated depreciation | 405 | |
Euless / W Euless Blvd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,845 | |
Land - initial cost | 671 | |
Building and improvements - initial cost | 3,213 | |
Adjustments and costs subsequent to acquisition | 704 | |
Gross carrying amount - Land | 671 | |
Gross carrying amount - Building and improvements | 3,917 | |
Gross carrying amount - Total | 4,588 | |
Accumulated depreciation | 642 | |
Fort Worth / Mandy Lane [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,093 | |
Land - initial cost | 2,033 | |
Building and improvements - initial cost | 2,495 | |
Adjustments and costs subsequent to acquisition | 143 | |
Gross carrying amount - Land | 2,033 | |
Gross carrying amount - Building and improvements | 2,638 | |
Gross carrying amount - Total | 4,671 | |
Accumulated depreciation | 156 | |
Fort Worth W Rosedale St [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,236 | |
Land - initial cost | 631 | |
Building and improvements - initial cost | 5,794 | |
Adjustments and costs subsequent to acquisition | 390 | |
Gross carrying amount - Land | 630 | |
Gross carrying amount - Building and improvements | 6,185 | |
Gross carrying amount - Total | 6,815 | |
Accumulated depreciation | 1,908 | |
Fort Worth / White Settlement Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,663 | |
Land - initial cost | 3,158 | |
Building and improvements - initial cost | 2,512 | |
Adjustments and costs subsequent to acquisition | 81 | |
Gross carrying amount - Land | 3,158 | |
Gross carrying amount - Building and improvements | 2,593 | |
Gross carrying amount - Total | 5,751 | |
Accumulated depreciation | 153 | |
Garland / Beltline Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,319 | |
Land - initial cost | 1,424 | |
Building and improvements - initial cost | 2,209 | |
Adjustments and costs subsequent to acquisition | 199 | |
Gross carrying amount - Land | 1,424 | |
Gross carrying amount - Building and improvements | 2,408 | |
Gross carrying amount - Total | 3,832 | |
Accumulated depreciation | 145 | |
Garland / Texas 66 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,598 | |
Land - initial cost | 991 | |
Building and improvements - initial cost | 6,999 | |
Adjustments and costs subsequent to acquisition | 188 | |
Gross carrying amount - Land | 991 | |
Gross carrying amount - Building and improvements | 7,187 | |
Gross carrying amount - Total | 8,178 | |
Accumulated depreciation | 135 | |
Grand Prairie / N Hwy 360 1 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,437 | |
Land - initial cost | 551 | |
Building and improvements - initial cost | 2,330 | |
Adjustments and costs subsequent to acquisition | 426 | |
Gross carrying amount - Land | 551 | |
Gross carrying amount - Building and improvements | 2,756 | |
Gross carrying amount - Total | 3,307 | |
Accumulated depreciation | 888 | |
Grand Prairie / N Hwy 360 2 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,121 | |
Land - initial cost | 2,327 | |
Building and improvements - initial cost | 1,551 | |
Adjustments and costs subsequent to acquisition | 178 | |
Gross carrying amount - Land | 2,327 | |
Gross carrying amount - Building and improvements | 1,729 | |
Gross carrying amount - Total | 4,056 | |
Accumulated depreciation | 184 | |
Houston Three Five Three Five Katy Freeway [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 6,643 | |
Building and improvements - initial cost | 7,551 | |
Gross carrying amount - Land | 6,643 | |
Gross carrying amount - Building and improvements | 7,551 | |
Gross carrying amount - Total | 14,194 | |
Accumulated depreciation | 32 | |
Houston / Katy Fwy [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,767 | |
Building and improvements - initial cost | 12,368 | |
Adjustments and costs subsequent to acquisition | 48 | |
Gross carrying amount - Land | 1,767 | |
Gross carrying amount - Building and improvements | 12,416 | |
Gross carrying amount - Total | 14,183 | |
Accumulated depreciation | 599 | |
Houston / Ryewater Dr [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 402 | |
Building and improvements - initial cost | 1,870 | |
Adjustments and costs subsequent to acquisition | 219 | |
Gross carrying amount - Land | 402 | |
Gross carrying amount - Building and improvements | 2,089 | |
Gross carrying amount - Total | 2,491 | |
Accumulated depreciation | 327 | |
Houston Senate Ave [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,510 | |
Building and improvements - initial cost | 5,235 | |
Adjustments and costs subsequent to acquisition | 3 | |
Gross carrying amount - Land | 1,510 | |
Gross carrying amount - Building and improvements | 5,238 | |
Gross carrying amount - Total | 6,748 | |
Accumulated depreciation | 34 | |
Houston / South Main [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,017 | |
Building and improvements - initial cost | 4,181 | |
Adjustments and costs subsequent to acquisition | 125 | |
Gross carrying amount - Land | 2,017 | |
Gross carrying amount - Building and improvements | 4,306 | |
Gross carrying amount - Total | 6,323 | |
Accumulated depreciation | 636 | |
Houston / Southwest Freeway [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,661 | |
Land - initial cost | 2,596 | |
Building and improvements - initial cost | 8,735 | |
Adjustments and costs subsequent to acquisition | 419 | |
Gross carrying amount - Land | 2,596 | |
Gross carrying amount - Building and improvements | 9,154 | |
Gross carrying amount - Total | 11,750 | |
Accumulated depreciation | 2,394 | |
Houston / Space Center Blvd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,652 | |
Land - initial cost | 1,036 | |
Building and improvements - initial cost | 8,133 | |
Adjustments and costs subsequent to acquisition | 104 | |
Gross carrying amount - Land | 1,036 | |
Gross carrying amount - Building and improvements | 8,237 | |
Gross carrying amount - Total | 9,273 | |
Accumulated depreciation | 847 | |
Irving N State Hwy 161 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 951 | |
Building and improvements - initial cost | 5,842 | |
Adjustments and costs subsequent to acquisition | 195 | |
Gross carrying amount - Land | 951 | |
Gross carrying amount - Building and improvements | 6,037 | |
Gross carrying amount - Total | 6,988 | |
Accumulated depreciation | 110 | |
Irving Story Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 585 | |
Building and improvements - initial cost | 5,445 | |
Adjustments and costs subsequent to acquisition | 177 | |
Gross carrying amount - Land | 585 | |
Gross carrying amount - Building and improvements | 5,622 | |
Gross carrying amount - Total | 6,207 | |
Accumulated depreciation | 103 | |
Kemah [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 12,220 | |
Land - initial cost | 2,720 | |
Building and improvements - initial cost | 26,547 | |
Adjustments and costs subsequent to acquisition | 12 | |
Gross carrying amount - Land | 2,720 | |
Gross carrying amount - Building and improvements | 26,559 | |
Gross carrying amount - Total | 29,279 | |
Accumulated depreciation | 170 | |
Killeen [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,601 | |
Land - initial cost | 1,207 | |
Building and improvements - initial cost | 1,688 | |
Adjustments and costs subsequent to acquisition | 361 | |
Gross carrying amount - Land | 1,207 | |
Gross carrying amount - Building and improvements | 2,049 | |
Gross carrying amount - Total | 3,256 | |
Accumulated depreciation | 131 | |
La Porte [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,608 | |
Building and improvements - initial cost | 2,351 | |
Adjustments and costs subsequent to acquisition | 324 | |
Gross carrying amount - Land | 1,608 | |
Gross carrying amount - Building and improvements | 2,675 | |
Gross carrying amount - Total | 4,283 | |
Accumulated depreciation | 443 | |
Lewisville [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,029 | |
Land - initial cost | 2,665 | |
Building and improvements - initial cost | 6,399 | |
Adjustments and costs subsequent to acquisition | 219 | |
Gross carrying amount - Land | 2,665 | |
Gross carrying amount - Building and improvements | 6,618 | |
Gross carrying amount - Total | 9,283 | |
Accumulated depreciation | 121 | |
Mansfield [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,330 | |
Land - initial cost | 925 | |
Building and improvements - initial cost | 7,411 | |
Adjustments and costs subsequent to acquisition | 158 | |
Gross carrying amount - Land | 925 | |
Gross carrying amount - Building and improvements | 7,569 | |
Gross carrying amount - Total | 8,494 | |
Accumulated depreciation | 142 | |
Mesquite [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,536 | |
Land - initial cost | 1,910 | |
Building and improvements - initial cost | 6,580 | |
Adjustments and costs subsequent to acquisition | 125 | |
Gross carrying amount - Land | 1,910 | |
Gross carrying amount - Building and improvements | 6,705 | |
Gross carrying amount - Total | 8,615 | |
Accumulated depreciation | 123 | |
Midland Andrews Hwy [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,430 | |
Building and improvements - initial cost | 8,353 | |
Adjustments and costs subsequent to acquisition | 23 | |
Gross carrying amount - Land | 1,430 | |
Gross carrying amount - Building and improvements | 8,376 | |
Gross carrying amount - Total | 9,806 | |
Accumulated depreciation | 54 | |
Midland Loop Two Fifty N [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,320 | |
Building and improvements - initial cost | 10,291 | |
Gross carrying amount - Land | 1,320 | |
Gross carrying amount - Building and improvements | 10,291 | |
Gross carrying amount - Total | 11,611 | |
Accumulated depreciation | 66 | |
Pearland [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,691 | |
Land - initial cost | 3,400 | |
Building and improvements - initial cost | 7,812 | |
Adjustments and costs subsequent to acquisition | 2 | |
Gross carrying amount - Land | 3,400 | |
Gross carrying amount - Building and improvements | 7,814 | |
Gross carrying amount - Total | 11,214 | |
Accumulated depreciation | 50 | |
Plano Fourteenth Street [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,354 | |
Land - initial cost | 1,681 | |
Building and improvements - initial cost | 7,606 | |
Adjustments and costs subsequent to acquisition | 215 | |
Gross carrying amount - Land | 1,681 | |
Gross carrying amount - Building and improvements | 7,821 | |
Gross carrying amount - Total | 9,502 | |
Accumulated depreciation | 145 | |
Plano / K Ave 1 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,445 | |
Land - initial cost | 1,631 | |
Building and improvements - initial cost | 8,498 | |
Adjustments and costs subsequent to acquisition | 425 | |
Gross carrying amount - Land | 1,631 | |
Gross carrying amount - Building and improvements | 8,923 | |
Gross carrying amount - Total | 10,554 | |
Accumulated depreciation | 168 | |
Plano / K Ave 2 [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,124 | |
Land - initial cost | 1,298 | |
Building and improvements - initial cost | 5,293 | |
Adjustments and costs subsequent to acquisition | 149 | |
Gross carrying amount - Land | 1,298 | |
Gross carrying amount - Building and improvements | 5,442 | |
Gross carrying amount - Total | 6,740 | |
Accumulated depreciation | 100 | |
Plano / Plano Parkway [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,049 | |
Land - initial cost | 1,010 | |
Building and improvements - initial cost | 6,203 | |
Adjustments and costs subsequent to acquisition | 502 | |
Gross carrying amount - Land | 1,010 | |
Gross carrying amount - Building and improvements | 6,705 | |
Gross carrying amount - Total | 7,715 | |
Accumulated depreciation | 1,664 | |
Plano / Spring Creek [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,386 | |
Land - initial cost | 614 | |
Building and improvements - initial cost | 3,775 | |
Adjustments and costs subsequent to acquisition | 345 | |
Gross carrying amount - Land | 613 | |
Gross carrying amount - Building and improvements | 4,121 | |
Gross carrying amount - Total | 4,734 | |
Accumulated depreciation | 1,053 | |
Plano / Wagner Way [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 2,753 | |
Building and improvements - initial cost | 4,353 | |
Adjustments and costs subsequent to acquisition | 131 | |
Gross carrying amount - Land | 2,753 | |
Gross carrying amount - Building and improvements | 4,484 | |
Gross carrying amount - Total | 7,237 | |
Accumulated depreciation | 682 | |
Rowlett [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,092 | |
Land - initial cost | 1,002 | |
Building and improvements - initial cost | 2,601 | |
Adjustments and costs subsequent to acquisition | 345 | |
Gross carrying amount - Land | 1,003 | |
Gross carrying amount - Building and improvements | 2,945 | |
Gross carrying amount - Total | 3,948 | |
Accumulated depreciation | 806 | |
San Antonio / Culebra Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,279 | |
Land - initial cost | 1,269 | |
Building and improvements - initial cost | 1,816 | |
Adjustments and costs subsequent to acquisition | 714 | |
Gross carrying amount - Land | 1,270 | |
Gross carrying amount - Building and improvements | 2,529 | |
Gross carrying amount - Total | 3,799 | |
Accumulated depreciation | 936 | |
San Antonio / DeZavala Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,194 | |
Land - initial cost | 2,471 | |
Building and improvements - initial cost | 3,556 | |
Gross carrying amount - Land | 2,471 | |
Gross carrying amount - Building and improvements | 3,384 | |
Gross carrying amount - Total | 5,855 | |
Accumulated depreciation | 789 | |
San Antonio / DeZavala Rd [Member] | Texas [Member] | Adjustment For Purchase Price Adjustment [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | (172) | |
San Antonio San Pedro Ave [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,140 | |
Building and improvements - initial cost | 7,560 | |
Adjustments and costs subsequent to acquisition | 7 | |
Gross carrying amount - Land | 1,140 | |
Gross carrying amount - Building and improvements | 7,567 | |
Gross carrying amount - Total | 8,707 | |
San Antonio / Westchase Dr, TX [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,405 | |
Land - initial cost | 253 | |
Building and improvements - initial cost | 1,496 | |
Adjustments and costs subsequent to acquisition | 238 | |
Gross carrying amount - Land | 253 | |
Gross carrying amount - Building and improvements | 1,734 | |
Gross carrying amount - Total | 1,987 | |
Accumulated depreciation | 572 | |
Seabrook [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,910 | |
Building and improvements - initial cost | 8,564 | |
Adjustments and costs subsequent to acquisition | 20 | |
Gross carrying amount - Land | 1,910 | |
Gross carrying amount - Building and improvements | 8,584 | |
Gross carrying amount - Total | 10,494 | |
Accumulated depreciation | 55 | |
South Houston [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,955 | |
Land - initial cost | 478 | |
Building and improvements - initial cost | 4,069 | |
Adjustments and costs subsequent to acquisition | 824 | |
Gross carrying amount - Land | 478 | |
Gross carrying amount - Building and improvements | 4,893 | |
Gross carrying amount - Total | 5,371 | |
Accumulated depreciation | 1,449 | |
Spring / I-45 North [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,208 | |
Land - initial cost | 506 | |
Building and improvements - initial cost | 5,096 | |
Adjustments and costs subsequent to acquisition | 226 | |
Gross carrying amount - Land | 506 | |
Gross carrying amount - Building and improvements | 5,322 | |
Gross carrying amount - Total | 5,828 | |
Accumulated depreciation | 511 | |
Spring / Treaschwig Rd [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,897 | |
Land - initial cost | 978 | |
Building and improvements - initial cost | 1,347 | |
Adjustments and costs subsequent to acquisition | 244 | |
Gross carrying amount - Land | 979 | |
Gross carrying amount - Building and improvements | 1,590 | |
Gross carrying amount - Total | 2,569 | |
Accumulated depreciation | 210 | |
The Woodlands [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,744 | |
Land - initial cost | 1,511 | |
Building and improvements - initial cost | 11,861 | |
Adjustments and costs subsequent to acquisition | 202 | |
Gross carrying amount - Land | 1,511 | |
Gross carrying amount - Building and improvements | 12,063 | |
Gross carrying amount - Total | 13,574 | |
Accumulated depreciation | 275 | |
Weatherford [Member] | Texas [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 630 | |
Building and improvements - initial cost | 5,932 | |
Adjustments and costs subsequent to acquisition | 12 | |
Gross carrying amount - Land | 630 | |
Gross carrying amount - Building and improvements | 5,944 | |
Gross carrying amount - Total | 6,574 | |
Accumulated depreciation | 38 | |
East Millcreek [Member] | UTAH | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,925 | |
Land - initial cost | 986 | |
Building and improvements - initial cost | 3,455 | |
Adjustments and costs subsequent to acquisition | 165 | |
Gross carrying amount - Land | 986 | |
Gross carrying amount - Building and improvements | 3,620 | |
Gross carrying amount - Total | 4,606 | |
Accumulated depreciation | 527 | |
Murray [Member] | UTAH | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,709 | |
Land - initial cost | 571 | |
Building and improvements - initial cost | 986 | |
Adjustments and costs subsequent to acquisition | 2,139 | |
Gross carrying amount - Land | 571 | |
Gross carrying amount - Building and improvements | 3,125 | |
Gross carrying amount - Total | 3,696 | |
Accumulated depreciation | 443 | |
Orem [Member] | UTAH | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 1,981 | |
Land - initial cost | 841 | |
Building and improvements - initial cost | 2,335 | |
Adjustments and costs subsequent to acquisition | 190 | |
Gross carrying amount - Land | 841 | |
Gross carrying amount - Building and improvements | 2,525 | |
Gross carrying amount - Total | 3,366 | |
Accumulated depreciation | 348 | |
Salt Lake City [Member] | UTAH | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,383 | |
Land - initial cost | 642 | |
Building and improvements - initial cost | 2,607 | |
Adjustments and costs subsequent to acquisition | 393 | |
Gross carrying amount - Land | 642 | |
Gross carrying amount - Building and improvements | 3,000 | |
Gross carrying amount - Total | 3,642 | |
Accumulated depreciation | 991 | |
Sandy / South 700 East 1 [Member] | UTAH | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,229 | |
Land - initial cost | 1,349 | |
Building and improvements - initial cost | 4,372 | |
Adjustments and costs subsequent to acquisition | 552 | |
Gross carrying amount - Land | 1,349 | |
Gross carrying amount - Building and improvements | 4,924 | |
Gross carrying amount - Total | 6,273 | |
Accumulated depreciation | 1,467 | |
Sandy / South 700 East 2 [Member] | UTAH | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,867 | |
Land - initial cost | 2,063 | |
Building and improvements - initial cost | 5,202 | |
Adjustments and costs subsequent to acquisition | 1,498 | |
Gross carrying amount - Land | 2,063 | |
Gross carrying amount - Building and improvements | 6,700 | |
Gross carrying amount - Total | 8,763 | |
Accumulated depreciation | 505 | |
West Jordan [Member] | UTAH | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,034 | |
Land - initial cost | 735 | |
Building and improvements - initial cost | 2,146 | |
Adjustments and costs subsequent to acquisition | 422 | |
Gross carrying amount - Land | 735 | |
Gross carrying amount - Building and improvements | 2,568 | |
Gross carrying amount - Total | 3,303 | |
Accumulated depreciation | 406 | |
West Valley City [Member] | UTAH | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,665 | |
Land - initial cost | 461 | |
Building and improvements - initial cost | 1,722 | |
Adjustments and costs subsequent to acquisition | 193 | |
Gross carrying amount - Land | 461 | |
Gross carrying amount - Building and improvements | 1,915 | |
Gross carrying amount - Total | 2,376 | |
Accumulated depreciation | 602 | |
Alexandria / N Henry St [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 14,752 | |
Land - initial cost | 5,029 | |
Building and improvements - initial cost | 18,943 | |
Adjustments and costs subsequent to acquisition | 54 | |
Gross carrying amount - Land | 5,029 | |
Gross carrying amount - Building and improvements | 18,997 | |
Gross carrying amount - Total | 24,026 | |
Accumulated depreciation | 1,698 | |
Alexandria / S Dove St [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,620 | |
Building and improvements - initial cost | 13,103 | |
Adjustments and costs subsequent to acquisition | 604 | |
Gross carrying amount - Land | 1,620 | |
Gross carrying amount - Building and improvements | 13,707 | |
Gross carrying amount - Total | 15,327 | |
Accumulated depreciation | 3,393 | |
Arlington [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 4,802 | |
Adjustments and costs subsequent to acquisition | 889 | |
Gross carrying amount - Building and improvements | 5,691 | |
Gross carrying amount - Total | 5,691 | |
Accumulated depreciation | 2,198 | |
Burke [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 11,534 | |
Building and improvements - initial cost | 7,347 | |
Adjustments and costs subsequent to acquisition | 55 | |
Gross carrying amount - Land | 11,534 | |
Gross carrying amount - Building and improvements | 7,402 | |
Gross carrying amount - Total | 18,936 | |
Accumulated depreciation | 1,303 | |
Chantilly [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,230 | |
Land - initial cost | 1,100 | |
Building and improvements - initial cost | 10,606 | |
Adjustments and costs subsequent to acquisition | 64 | |
Gross carrying amount - Land | 1,100 | |
Gross carrying amount - Building and improvements | 10,670 | |
Gross carrying amount - Total | 11,770 | |
Accumulated depreciation | 68 | |
Chesapeake / Bruce Rd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 1,074 | |
Building and improvements - initial cost | 9,464 | |
Adjustments and costs subsequent to acquisition | 116 | |
Gross carrying amount - Land | 1,074 | |
Gross carrying amount - Building and improvements | 9,580 | |
Gross carrying amount - Total | 10,654 | |
Accumulated depreciation | 491 | |
Chesapeake / Military Hwy [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,507 | |
Land - initial cost | 332 | |
Building and improvements - initial cost | 4,106 | |
Adjustments and costs subsequent to acquisition | 115 | |
Gross carrying amount - Land | 332 | |
Gross carrying amount - Building and improvements | 4,221 | |
Gross carrying amount - Total | 4,553 | |
Accumulated depreciation | 221 | |
Chesapeake / Poplar Hill Rd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,964 | |
Land - initial cost | 540 | |
Building and improvements - initial cost | 9,977 | |
Adjustments and costs subsequent to acquisition | 114 | |
Gross carrying amount - Land | 541 | |
Gross carrying amount - Building and improvements | 10,090 | |
Gross carrying amount - Total | 10,631 | |
Accumulated depreciation | 513 | |
Chesapeake / Woodlake Dr [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,714 | |
Land - initial cost | 4,014 | |
Building and improvements - initial cost | 14,872 | |
Adjustments and costs subsequent to acquisition | 94 | |
Gross carrying amount - Land | 4,014 | |
Gross carrying amount - Building and improvements | 14,966 | |
Gross carrying amount - Total | 18,980 | |
Accumulated depreciation | 759 | |
Dumfries [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 932 | |
Building and improvements - initial cost | 9,349 | |
Adjustments and costs subsequent to acquisition | 178 | |
Gross carrying amount - Land | 932 | |
Gross carrying amount - Building and improvements | 9,527 | |
Gross carrying amount - Total | 10,459 | |
Accumulated depreciation | 1,201 | |
Falls Church / Hollywood Rd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,780 | |
Land - initial cost | 5,703 | |
Building and improvements - initial cost | 13,307 | |
Adjustments and costs subsequent to acquisition | 302 | |
Gross carrying amount - Land | 5,703 | |
Gross carrying amount - Building and improvements | 13,609 | |
Gross carrying amount - Total | 19,312 | |
Accumulated depreciation | 1,134 | |
Falls Church / Seminary Rd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,283 | |
Land - initial cost | 1,259 | |
Building and improvements - initial cost | 6,975 | |
Adjustments and costs subsequent to acquisition | 416 | |
Gross carrying amount - Land | 1,259 | |
Gross carrying amount - Building and improvements | 7,391 | |
Gross carrying amount - Total | 8,650 | |
Accumulated depreciation | 2,177 | |
Fredericksburg / Jefferson Davis Hwy [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,926 | |
Land - initial cost | 1,438 | |
Building and improvements - initial cost | 2,459 | |
Adjustments and costs subsequent to acquisition | 173 | |
Gross carrying amount - Land | 1,438 | |
Gross carrying amount - Building and improvements | 2,632 | |
Gross carrying amount - Total | 4,070 | |
Accumulated depreciation | 240 | |
Fredericksburg Plank Road One [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,191 | |
Land - initial cost | 2,128 | |
Building and improvements - initial cost | 5,398 | |
Adjustments and costs subsequent to acquisition | 117 | |
Gross carrying amount - Land | 2,128 | |
Gross carrying amount - Building and improvements | 5,515 | |
Gross carrying amount - Total | 7,643 | |
Accumulated depreciation | 501 | |
Fredericksburg Plank Road 2 [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 3,170 | |
Building and improvements - initial cost | 6,717 | |
Adjustments and costs subsequent to acquisition | 38 | |
Gross carrying amount - Land | 3,170 | |
Gross carrying amount - Building and improvements | 6,755 | |
Gross carrying amount - Total | 9,925 | |
Accumulated depreciation | 43 | |
Glen Allen [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,037 | |
Land - initial cost | 609 | |
Building and improvements - initial cost | 8,220 | |
Adjustments and costs subsequent to acquisition | 48 | |
Gross carrying amount - Land | 609 | |
Gross carrying amount - Building and improvements | 8,268 | |
Gross carrying amount - Total | 8,877 | |
Accumulated depreciation | 220 | |
Hampton Big Bethel Rd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,043 | |
Land - initial cost | 550 | |
Building and improvements - initial cost | 6,697 | |
Adjustments and costs subsequent to acquisition | 45 | |
Gross carrying amount - Land | 550 | |
Gross carrying amount - Building and improvements | 6,742 | |
Gross carrying amount - Total | 7,292 | |
Accumulated depreciation | 43 | |
Hampton LaSalle Ave [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 610 | |
Building and improvements - initial cost | 8,883 | |
Adjustments and costs subsequent to acquisition | 101 | |
Gross carrying amount - Land | 610 | |
Gross carrying amount - Building and improvements | 8,984 | |
Gross carrying amount - Total | 9,594 | |
Accumulated depreciation | 58 | |
Hampton Pembroke Ave [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 7,849 | |
Building and improvements - initial cost | 7,040 | |
Adjustments and costs subsequent to acquisition | 124 | |
Gross carrying amount - Land | 7,849 | |
Gross carrying amount - Building and improvements | 7,164 | |
Gross carrying amount - Total | 15,013 | |
Accumulated depreciation | 366 | |
Manassas [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 750 | |
Building and improvements - initial cost | 6,242 | |
Adjustments and costs subsequent to acquisition | 38 | |
Gross carrying amount - Land | 750 | |
Gross carrying amount - Building and improvements | 6,280 | |
Gross carrying amount - Total | 7,030 | |
Accumulated depreciation | 40 | |
Newport News / Denbigh Blvd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,614 | |
Land - initial cost | 4,619 | |
Building and improvements - initial cost | 5,870 | |
Adjustments and costs subsequent to acquisition | 126 | |
Gross carrying amount - Land | 4,619 | |
Gross carrying amount - Building and improvements | 5,996 | |
Gross carrying amount - Total | 10,615 | |
Accumulated depreciation | 312 | |
Newport News / J Clyde Morris Blvd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 5,347 | |
Land - initial cost | 4,838 | |
Building and improvements - initial cost | 6,124 | |
Adjustments and costs subsequent to acquisition | 138 | |
Gross carrying amount - Land | 4,838 | |
Gross carrying amount - Building and improvements | 6,262 | |
Gross carrying amount - Total | 11,100 | |
Accumulated depreciation | 327 | |
Newport News / Tyler Ave [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,503 | |
Land - initial cost | 2,740 | |
Building and improvements - initial cost | 4,955 | |
Adjustments and costs subsequent to acquisition | 124 | |
Gross carrying amount - Land | 2,740 | |
Gross carrying amount - Building and improvements | 5,079 | |
Gross carrying amount - Total | 7,819 | |
Accumulated depreciation | 271 | |
Norfolk / Granby St [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,835 | |
Land - initial cost | 1,785 | |
Building and improvements - initial cost | 8,543 | |
Adjustments and costs subsequent to acquisition | 101 | |
Gross carrying amount - Land | 1,785 | |
Gross carrying amount - Building and improvements | 8,644 | |
Gross carrying amount - Total | 10,429 | |
Accumulated depreciation | 443 | |
Norfolk / Naval Base Rd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,314 | |
Land - initial cost | 4,078 | |
Building and improvements - initial cost | 5,975 | |
Adjustments and costs subsequent to acquisition | 137 | |
Gross carrying amount - Land | 4,078 | |
Gross carrying amount - Building and improvements | 6,112 | |
Gross carrying amount - Total | 10,190 | |
Accumulated depreciation | 322 | |
Portsmouth [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 2,687 | |
Land - initial cost | 118 | |
Building and improvements - initial cost | 4,797 | |
Adjustments and costs subsequent to acquisition | 234 | |
Gross carrying amount - Land | 118 | |
Gross carrying amount - Building and improvements | 5,031 | |
Gross carrying amount - Total | 5,149 | |
Accumulated depreciation | 108 | |
Richmond / Hull St [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,514 | |
Land - initial cost | 2,016 | |
Building and improvements - initial cost | 9,425 | |
Adjustments and costs subsequent to acquisition | 111 | |
Gross carrying amount - Land | 2,016 | |
Gross carrying amount - Building and improvements | 9,536 | |
Gross carrying amount - Total | 11,552 | |
Accumulated depreciation | 488 | |
Richmond / Laburnum Ave [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 8,385 | |
Land - initial cost | 5,945 | |
Building and improvements - initial cost | 7,613 | |
Adjustments and costs subsequent to acquisition | 150 | |
Gross carrying amount - Land | 5,945 | |
Gross carrying amount - Building and improvements | 7,763 | |
Gross carrying amount - Total | 13,708 | |
Accumulated depreciation | 406 | |
Richmond / Midlothian Turnpike [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,925 | |
Land - initial cost | 2,735 | |
Building and improvements - initial cost | 5,699 | |
Adjustments and costs subsequent to acquisition | 121 | |
Gross carrying amount - Land | 2,735 | |
Gross carrying amount - Building and improvements | 5,820 | |
Gross carrying amount - Total | 8,555 | |
Accumulated depreciation | 304 | |
Richmond / Old Staples Mill Rd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,861 | |
Land - initial cost | 5,905 | |
Building and improvements - initial cost | 6,869 | |
Adjustments and costs subsequent to acquisition | 121 | |
Gross carrying amount - Land | 5,905 | |
Gross carrying amount - Building and improvements | 6,990 | |
Gross carrying amount - Total | 12,895 | |
Accumulated depreciation | 365 | |
Richmond / W Broad St [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,445 | |
Land - initial cost | 2,305 | |
Building and improvements - initial cost | 5,467 | |
Adjustments and costs subsequent to acquisition | 372 | |
Gross carrying amount - Land | 2,305 | |
Gross carrying amount - Building and improvements | 5,839 | |
Gross carrying amount - Total | 8,144 | |
Accumulated depreciation | 1,759 | |
Sandston [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 6,470 | |
Land - initial cost | 570 | |
Building and improvements - initial cost | 10,525 | |
Adjustments and costs subsequent to acquisition | 65 | |
Gross carrying amount - Land | 570 | |
Gross carrying amount - Building and improvements | 10,590 | |
Gross carrying amount - Total | 11,160 | |
Accumulated depreciation | 68 | |
Stafford / Jefferson Davis Hwy [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,309 | |
Land - initial cost | 1,172 | |
Building and improvements - initial cost | 5,562 | |
Adjustments and costs subsequent to acquisition | 138 | |
Gross carrying amount - Land | 1,172 | |
Gross carrying amount - Building and improvements | 5,700 | |
Gross carrying amount - Total | 6,872 | |
Accumulated depreciation | 511 | |
Stafford / SUSA Dr [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,305 | |
Land - initial cost | 2,076 | |
Building and improvements - initial cost | 5,175 | |
Adjustments and costs subsequent to acquisition | 146 | |
Gross carrying amount - Land | 2,076 | |
Gross carrying amount - Building and improvements | 5,321 | |
Gross carrying amount - Total | 7,397 | |
Accumulated depreciation | 975 | |
Virginia Beach / General Booth Blvd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,265 | |
Land - initial cost | 1,142 | |
Building and improvements - initial cost | 11,721 | |
Adjustments and costs subsequent to acquisition | 107 | |
Gross carrying amount - Land | 1,142 | |
Gross carrying amount - Building and improvements | 11,828 | |
Gross carrying amount - Total | 12,970 | |
Accumulated depreciation | 600 | |
Virginia Beach / Kempsville Rd [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,513 | |
Land - initial cost | 3,934 | |
Building and improvements - initial cost | 11,413 | |
Adjustments and costs subsequent to acquisition | 85 | |
Gross carrying amount - Land | 3,934 | |
Gross carrying amount - Building and improvements | 11,498 | |
Gross carrying amount - Total | 15,432 | |
Accumulated depreciation | 582 | |
Virginia Beach / Village Dr [Member] | VIRGINIA | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 9,548 | |
Land - initial cost | 331 | |
Building and improvements - initial cost | 13,175 | |
Adjustments and costs subsequent to acquisition | 113 | |
Gross carrying amount - Land | 331 | |
Gross carrying amount - Building and improvements | 13,288 | |
Gross carrying amount - Total | 13,619 | |
Accumulated depreciation | 681 | |
Lakewood / 80th St [Member] | WASHINGTON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,350 | |
Land - initial cost | 1,389 | |
Building and improvements - initial cost | 4,780 | |
Adjustments and costs subsequent to acquisition | 320 | |
Gross carrying amount - Land | 1,390 | |
Gross carrying amount - Building and improvements | 5,099 | |
Gross carrying amount - Total | 6,489 | |
Accumulated depreciation | 1,393 | |
Lakewood / Pacific Hwy [Member] | WASHINGTON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 4,352 | |
Land - initial cost | 1,917 | |
Building and improvements - initial cost | 5,256 | |
Adjustments and costs subsequent to acquisition | 227 | |
Gross carrying amount - Land | 1,918 | |
Gross carrying amount - Building and improvements | 5,482 | |
Gross carrying amount - Total | 7,400 | |
Accumulated depreciation | 1,467 | |
Puyallup [Member] | WASHINGTON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Land - initial cost | 437 | |
Building and improvements - initial cost | 3,808 | |
Adjustments and costs subsequent to acquisition | 72 | |
Gross carrying amount - Land | 437 | |
Gross carrying amount - Building and improvements | 3,880 | |
Gross carrying amount - Total | 4,317 | |
Accumulated depreciation | 172 | |
Seattle [Member] | WASHINGTON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 7,159 | |
Land - initial cost | 2,727 | |
Building and improvements - initial cost | 7,241 | |
Adjustments and costs subsequent to acquisition | 360 | |
Gross carrying amount - Land | 2,727 | |
Gross carrying amount - Building and improvements | 7,601 | |
Gross carrying amount - Total | 10,328 | |
Accumulated depreciation | 2,152 | |
Tacoma [Member] | WASHINGTON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,353 | |
Land - initial cost | 1,031 | |
Building and improvements - initial cost | 3,103 | |
Adjustments and costs subsequent to acquisition | 155 | |
Gross carrying amount - Land | 1,031 | |
Gross carrying amount - Building and improvements | 3,258 | |
Gross carrying amount - Total | 4,289 | |
Accumulated depreciation | 901 | |
Vancouver [Member] | WASHINGTON | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Debt | 3,025 | |
Land - initial cost | 709 | |
Building and improvements - initial cost | 4,280 | |
Adjustments and costs subsequent to acquisition | 154 | |
Gross carrying amount - Land | 709 | |
Gross carrying amount - Building and improvements | 4,434 | |
Gross carrying amount - Total | 5,143 | |
Accumulated depreciation | 403 | |
Intangible Tenant Relationships and Lease Rights [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 83,610 | |
Adjustments and costs subsequent to acquisition | 21,159 | |
Gross carrying amount - Building and improvements | 104,769 | |
Gross carrying amount - Total | 104,769 | |
Accumulated depreciation | 80,503 | |
Other Corporate Assets [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Building and improvements - initial cost | 2,202 | |
Adjustments and costs subsequent to acquisition | 78,352 | |
Gross carrying amount - Building and improvements | 80,554 | |
Gross carrying amount - Total | 80,554 | |
Accumulated depreciation | 17,442 | |
Construction in progress [Member] | ||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | ||
Adjustments and costs subsequent to acquisition | 24,909 | |
Gross carrying amount - Building and improvements | 24,909 | |
Gross carrying amount - Total | $ 24,909 |
Schedule III - Real Estate a118
Schedule III - Real Estate and Accumulated Depreciation 1 (Detail) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Balance at beginning of year | $ 4,722,162 | ||
Balance at end of year | 6,392,487 | $ 4,722,162 | |
Accumulated depreciation: | |||
Balance at beginning of year | 604,336 | ||
Balance at end of year | 728,087 | 604,336 | |
Real estate under development/redevelopment: | |||
Net real estate assets | 5,689,309 | 4,135,696 | $ 3,636,544 |
Aggregate cost of real estate for U.S. federal income tax purposes | 5,758,588 | ||
Operating Facilities [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Balance at beginning of year | 4,722,162 | 4,126,648 | 3,379,512 |
Acquisitions | 1,609,608 | 557,158 | 711,710 |
Improvements | 46,696 | 32,861 | 37,949 |
Transfers from construction in progress | 19,971 | 12,308 | 3,643 |
Dispositions and other | (5,950) | (6,813) | (6,166) |
Balance at end of year | 6,392,487 | 4,722,162 | 4,126,648 |
Accumulated depreciation: | |||
Balance at beginning of year | 604,336 | 496,754 | 391,928 |
Depreciation expense | 123,751 | 109,531 | 104,963 |
Dispositions and other | 0 | (1,949) | (137) |
Balance at end of year | 728,087 | 604,336 | 496,754 |
Real Estate Under Development/Redevelopment [Member] | |||
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] | |||
Balance at beginning of year | 17,870 | 6,650 | 4,138 |
Current development | 27,010 | 23,528 | 6,466 |
Transfers from construction in progress | (19,971) | (12,308) | (3,954) |
Balance at end of year | $ 24,909 | $ 17,870 | $ 6,650 |