2014 Q2 Form 10-Q Financial Statement
#000119312514196686 Filed on May 13, 2014
Income Statement
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | |
YoY Change | |||
Cost Of Revenue | $0.00 | $0.00 | |
YoY Change | |||
Gross Profit | $0.00 | $0.00 | |
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $0.00 | |
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $867.0K | $0.00 | |
YoY Change | |||
Operating Profit | -$867.0K | $0.00 | |
YoY Change | |||
Interest Expense | $0.00 | $0.00 | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | |
YoY Change | |||
Pretax Income | |||
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$789.1K | $0.00 | |
YoY Change | |||
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 100.0 shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $2.178M | $201.0K | $0.00 |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | |||
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | |||
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | |||
Total Long-Term Assets | |||
Total Assets | $3.159M | $201.0K | |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | |||
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | |||
Total Long-Term Liabilities | |||
Total Liabilities | $2.921M | ||
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$789.1K | ||
YoY Change | |||
Common Stock | $919.9K | $1.000K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $116.0K | $1.000K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.159M | $201.0K | |
YoY Change |
Cashflow Statement
Concept | 2014 Q2 | 2014 Q1 | 2013 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$789.1K | $0.00 | |
YoY Change | |||
Depreciation, Depletion And Amortization | $0.00 | $0.00 | |
YoY Change | |||
Cash From Operating Activities | |||
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | |||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | |||
Cash From Investing Activities | |||
Cash From Financing Activities | |||
Net Change In Cash | |||
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | |||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
100 | shares |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
||
CY2014Q1 | ck0001585389 |
Common Stock Dividends Per Share Per Day Declared Subject To Raising Minimum Offering Amount
CommonStockDividendsPerSharePerDayDeclaredSubjectToRaisingMinimumOfferingAmount
|
0.0016438356 | |
CY2014Q1 | ck0001585389 |
Common Stock Dividend Rate Percentage Subject To Raising Minimum Offering Amount
CommonStockDividendRatePercentageSubjectToRaisingMinimumOfferingAmount
|
0.060 | pure |
CY2014Q1 | ck0001585389 |
Common Stock Purchase Price Per Share Subject To Raising Minimum Offering Amount
CommonStockPurchasePricePerShareSubjectToRaisingMinimumOfferingAmount
|
10.00 | |
CY2014Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
100 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
700000000 | shares |
CY2014Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000000 | shares |
CY2014Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
100 | shares |
CY2014Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2014Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
201000 | |
CY2014Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1000 | |
CY2014Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
999 | |
CY2014Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2014Q1 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
200000 | |
CY2014Q1 | us-gaap |
Liabilities
Liabilities
|
||
CY2014Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1 | |
CY2014Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
201000 | |
CY2014Q1 | us-gaap |
Assets
Assets
|
201000 | |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
201000 | |
CY2014Q1 | ck0001585389 |
Acquisition Fee As Percentage Of Contract Purchase Price
AcquisitionFeeAsPercentageOfContractPurchasePrice
|
0.0175 | pure |
CY2014Q1 | ck0001585389 |
Offering Expenses Percentage
OfferingExpensesPercentage
|
0.15 | pure |
CY2014Q1 | ck0001585389 |
Common Stock Shares Subscriptions Held In Escrow
CommonStockSharesSubscriptionsHeldInEscrow
|
190000 | |
CY2013Q4 | us-gaap |
Assets
Assets
|
201000 | |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
201000 | |
CY2013Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
||
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
100 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
700000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000000 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
100 | shares |
CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2013Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
201000 | |
CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1000 | |
CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
999 | |
CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
CY2013Q4 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
200000 | |
CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
||
CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1 | |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
201000 | |
CY2013Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
shares | |
CY2013Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
||
CY2013Q1 | us-gaap |
Profit Loss
ProfitLoss
|
||
CY2013Q1 | us-gaap |
Revenues
Revenues
|
||
CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
||
CY2013Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
||
CY2013Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
||
CY2013Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
||
CY2014Q1 | dei |
Trading Symbol
TradingSymbol
|
ck0001585389 | |
CY2014Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
STRATEGIC STORAGE TRUST II, INC. | |
CY2014Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2014Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2014Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-03-31 | |
CY2014Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2013-01-08 | |
CY2014Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001585389 | |
CY2014Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2014Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2014Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b>Note 1. Organization</b></p> <!-- xbrl,body --> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 8%"> Strategic Storage Trust II, Inc., a Maryland corporation (the “Company”), was formed on January 8, 2013 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in self storage facilities. The Company’s year-end is December 31. As used in this report, “we” “us” and “our” refer to Strategic Storage Trust II, Inc.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> Strategic Storage Holdings, LLC, a Delaware limited liability company (our “Sponsor”), is the sponsor of our Offering. Our Sponsor was organized in 2008 to serve as the holding company for Strategic Storage Advisor, LLC and Strategic Storage Property Management, LLC, such affiliates provide management services to Strategic Storage Trust, Inc. Strategic Storage Realty Group, LLC, which is wholly-owned by our Sponsor, is the sole voting member of our Advisor and our Property Manager.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> Our advisor is Strategic Storage Advisor II, LLC, a Delaware limited liability company (our “Advisor”) which was formed on January 8, 2013. Our Advisor is responsible for managing our affairs on a day-to-day basis and identifying and making acquisitions and investments on our behalf under the terms of an advisory agreement we have with our Advisor (our “Advisory Agreement”). The officers of our Advisor are also officers of us, our Sponsor and of Strategic Storage Trust, Inc.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> On August 2, 2013, our Advisor purchased 100 shares of our common stock for $1,000 and became our initial stockholder. Our Articles of Amendment and Restatement authorize 700,000,000 shares of common stock with a par value of $0.001 and 200,000,000 shares of preferred stock with a par value of $0.001. We will offer a minimum of $1,500,000 (the “Minimum Offering Amount”) and a maximum of $1,000,000,000 of common shares for sale to the public (the “Primary Offering”) and $95,000,000 of common shares for sale pursuant to our distribution reinvestment plan (collectively, the “Offering”).</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> On January 10, 2014, the Securities and Exchange Commission (“SEC”) declared our registration statement effective. As of March 31, 2014, we had received subscriptions to purchase approximately $190,000 in shares pursuant to our Offering, which will be held in an escrow account until we reach our Minimum Offering Amount. In addition, we had engaged only in organizational and offering related activities, and had not yet commenced operations. We intend to invest the net proceeds from the Offering primarily in self storage facilities and related self storage real estate investments. As of March 31, 2014, we had neither purchased nor contracted to purchase any properties, however, our Sponsor has identified one potential acquisition consisting of a portfolio of five self storage facilities (see Note 6).</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> Our operating partnership, Strategic Storage Operating Partnership II, L.P., a Delaware limited partnership (our “Operating Partnership”), was formed on January 9, 2013. On August 2, 2013, our Advisor purchased a limited partnership interest in our Operating Partnership for $200,000 and on August 2, 2013, we contributed the initial $1,000 capital contribution we received to our Operating Partnership in exchange for the general partner interest. Our Operating Partnership will own, directly or indirectly through one or more special purpose entities, all of the self storage properties that we acquire in the future. We will conduct certain activities (such as tenant insurance, selling packing supplies and locks and renting trucks or other moving equipment) through our taxable REIT subsidiary, Strategic Storage TRS II, Inc., a Delaware corporation (the “TRS”) which was formed on January 10, 2013, and is a wholly owned subsidiary of our Operating Partnership.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> Our property manager will be Strategic Storage Property Management II, LLC, a Delaware limited liability company (our “Property Manager”), which was formed on January 8, 2013 to manage our properties. Our Property Manager will derive substantially all of its income from the property management services it performs for us.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 8%"> Our dealer manager is Select Capital Corporation, a California corporation (our “Dealer Manager”). Our Dealer Manager is responsible for marketing our shares being offered pursuant to our Primary Offering. Our president owns, through a wholly-owned limited liability company, a 15% non-voting equity interest in our Dealer Manager and an affiliate of our Dealer Manager owns a 2.5% non-voting membership interest in our Advisor.</p> </div> | |
CY2014Q1 | us-gaap |
Property Management Fee Percent Fee
PropertyManagementFeePercentFee
|
0.05 | pure |
CY2014Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
100 | shares |
CY2014Q1 | us-gaap |
Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b><i>Revenue Recognition</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Management expects that all of our leases will be operating leases. Rental income will be recognized in accordance with the terms of the leases, which generally are month-to-month. Revenues from any long-term operating leases will be recognized on a straight-line basis over the term of the lease. The excess of rents received over amounts contractually due pursuant to the underlying leases will be included in accounts payable and accrued liabilities in our consolidated balance sheet and contractually due but unpaid rent will be included in other assets.</p> </div> | |
CY2014Q1 | us-gaap |
Revenues
Revenues
|
||
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
||
CY2014Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions. Management will adjust such estimates when facts and circumstances dictate. Actual results could materially differ from those estimates.</p> </div> | |
CY2014Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
||
CY2014Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
10000 | |
CY2014Q1 | us-gaap |
Profit Loss
ProfitLoss
|
||
CY2014Q1 | us-gaap |
Contract Administration Expense
ContractAdministrationExpense
|
0.50 | |
CY2014Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
||
CY2014Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
||
CY2014Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
||
CY2014Q1 | ck0001585389 |
Cumulative Non Compounded Annual Return On Such Stockholders Invested Capital
CumulativeNonCompoundedAnnualReturnOnSuchStockholdersInvestedCapital
|
0.06 | pure |
CY2014Q1 | ck0001585389 |
Advisory Fees Percentage Of Sale Price Of Property
AdvisoryFeesPercentageOfSalePriceOfProperty
|
0.01 | pure |
CY2014Q1 | ck0001585389 |
Percentage Of Gross Properties Revenues And Reimbursement Of Direct Costs
PercentageOfGrossPropertiesRevenuesAndReimbursementOfDirectCosts
|
0.06 | pure |
CY2014Q1 | ck0001585389 |
Operating Expenses Reimbursement Percentage Of Net Income
OperatingExpensesReimbursementPercentageOfNetIncome
|
0.25 | pure |
CY2014Q1 | ck0001585389 |
Maximum Period For Disclosure Fact
MaximumPeriodForDisclosureFact
|
P60D | |
CY2014Q1 | ck0001585389 |
Minimum Percentage Of Ordinary Taxable Income To Be Distributed To Stockholders
MinimumPercentageOfOrdinaryTaxableIncomeToBeDistributedToStockholders
|
0.90 | pure |
CY2014Q1 | ck0001585389 |
Maximum Offering Cost Rate Incurred On Behalf Of Entity
MaximumOfferingCostRateIncurredOnBehalfOfEntity
|
0.035 | pure |
CY2014Q1 | ck0001585389 |
Maximum Percentage Other Non Accountable Expenses
MaximumPercentageOtherNonAccountableExpenses
|
0.03 | pure |
CY2014Q1 | ck0001585389 |
Commission Percentage Of Sale Price Of Property
CommissionPercentageOfSalePriceOfProperty
|
0.06 | pure |
CY2014Q1 | ck0001585389 |
Operating Expenses Reimbursement Percentage Of Average Investment In Assets
OperatingExpensesReimbursementPercentageOfAverageInvestmentInAssets
|
0.02 | pure |
CY2014Q1 | ck0001585389 |
Sale Commission Fees Percentage Of Proceed From Primary Offering
SaleCommissionFeesPercentageOfProceedFromPrimaryOffering
|
0.070 | pure |
CY2014Q1 | ck0001585389 |
Operating Expenses Exceed Limitation
OperatingExpensesExceedLimitation
|
P12M | |
CY2014Q1 | ck0001585389 |
Maximum Dealer Manager Commission Fees Percentage Of Proceed From Primary Offering
MaximumDealerManagerCommissionFeesPercentageOfProceedFromPrimaryOffering
|
0.030 | pure |
CY2014Q1 | ck0001585389 |
Underwriting Commission Rate
UnderwritingCommissionRate
|
0.10 | pure |
CY2014Q1 | ck0001585389 |
Percentage Program Insurer Provides Fees
PercentageProgramInsurerProvidesFees
|
0.50 | pure |
CY2014Q1 | ck0001585389 |
Beneficial Non Voting Equity Interest
BeneficialNonVotingEquityInterest
|
0.15 | pure |
CY2014Q1 | ck0001585389 |
Offering Costs
OfferingCosts
|
1650000 | |
CY2014Q1 | ck0001585389 |
Monthly Assets Management Fees One Twelfth Of Less Than One Percentage Of Assets Value Exceed Specific Value
MonthlyAssetsManagementFeesOneTwelfthOfLessThanOnePercentageOfAssetsValueExceedSpecificValue
|
One-twelfth of 0.625% | |
CY2014Q1 | ck0001585389 |
Maximum Period For Reimbursement Of Offering Cost
MaximumPeriodForReimbursementOfOfferingCost
|
P60D | |
CY2014Q1 | ck0001585389 |
Auction Fees
AuctionFees
|
0 | |
CY2014Q1 | ck0001585389 |
Advisory Agreement Asset Management Fee Percentage
AdvisoryAgreementAssetManagementFeePercentage
|
0.0005208 | pure |
CY2014Q1 | ck0001585389 |
Stock Issuable During Period Value Dividend Reinvestment Plan
StockIssuableDuringPeriodValueDividendReinvestmentPlan
|
95000000 | |
CY2014Q1 | ck0001585389 |
Percentage Of Non Voting Membership Interest
PercentageOfNonVotingMembershipInterest
|
0.025 | pure |