|12 Months Ended|
Dec. 31, 2018
|Subsequent Events [Abstract]|
15. SUBSEQUENT EVENTS
On January 3, 2019, the Company declared a quarterly dividend of $1.00 per common share. The dividend was paid on January 28, 2019 to shareholders of record on January 15, 2019. The total dividend paid amounted to $46.6 million.
On January 16, 2018, the Company acquired the remaining 60% ownership interest in Review Avenue Partners, LLC for $46.4 million.
Subsequent to December 31, 2018, the Company entered into contracts to acquire a total of sixteen self-storage facilities for an aggregate purchase price of $177.7 million. The purchases of these facilities are subject to customary conditions to closing, and there is no assurance that these facilities will be acquired.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef