v3.24.0.1
NONCONTROLLING INTERESTS (Tables)
12 Months Ended
Dec. 31, 2023
NONCONTROLLING INTERESTS  
Schedule of noncontrolling interests in subsidiaries

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CubeSmart

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December 31, 2023

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Number

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Ownership

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Total

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Total

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Related Party

Consolidated Joint Ventures

    

of Stores

    

Interest

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Assets

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Liabilities

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Loans (1)

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(in thousands)

New Rochelle Investors, LLC ("New Rochelle")

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1

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70%

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$

23,732

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$

283

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$

—

1074 Raritan Road, LLC ("Clark")

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1

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90%

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12,556

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6,344

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4,924

350 Main Street, LLC ("Port Chester")

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1

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90%

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5,860

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15

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—

Astoria Investors, LLC ("Astoria")

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1

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70%

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42,168

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27,636

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25,164

CS Lock Up Anoka, LLC ("Anoka")

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1

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50%

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10,330

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5,585

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5,540

CS Valley Forge Village Storage, LLC ("VFV")

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1

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70%

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20,319

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15,859

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15,771

CS Vienna, LLC ("Vienna")

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1

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80%

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30,504

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35,157

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34,875

SH3, LLC ("SH3")

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1

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90%

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37,122

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272

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8

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$

182,591

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$

91,151

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$

86,274

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(1)Related party loans represent amounts payable from the joint venture to the Company and are included in total liabilities within the table above. The loans and related party interest have been eliminated for consolidation purposes.