You have several shipping options for parcel shipping: standard ground 5 to 7 business days, 2 to 3 business days, or next business day. The self storage properties comprised approximately 0. Because our portfolio of properties consists primarily of self storage properties, we are subject to risks inherent in investments in a single industry. Persons who arrange for the disposal or treatment of hazardous substances or other regulated materials may be liable for the costs of removal or remediation of such substances at a disposal or treatment facility, whether or not such facility is owned or operated by such person. Our declaration of trust provides that, subject to the rights of holders of one or more classes or series of preferred shares, a trustee may be removed with or without cause, by the affirmative vote of at least two-thirds of the votes entitled to be cast generally in the election of trustees. In January and February 2018, we acquired three additional properties in Florida and Texas that Move It will manage.
Certain environmental laws impose liability for release of asbestos-containing materials into the air and third-parties may seek recovery from owners or operators of real properties for personal injury associated with asbestos-containing materials. There can be no assurance that this provision will not be amended or eliminated at any time in the future. We did not conduct arm's-length negotiations with certain of the parties involved regarding the terms of the formation transactions and subsequent contribution transactions, including the contribution agreements, facilities portfolio management agreements, sales commission agreements, asset management agreements and registration rights agreements. These amounts are based on historical financial information for the trailing twelve months ended December 31, 2017. Take off your clothes, have sex, put your clothes back on and go home.
If the indebtedness is non-recourse, the collateral will be limited to the particular properties to which the indebtedness relates. At the same time, we have fiduciary duties, as a general partner, to our operating partnership and to the limited partners under Delaware law in connection with the management of our operating partnership. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. It defeats the whole purpose of this type of relationship. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Napolitano has been published in The New York Times, The Wall Street Journal, and numerous other publications.
Keep in mind, if the content is not relevant to you, please update your Profiles Interest Categories and refresh the page. No single customer represented a significant concentration of our 2017 revenues. Nordhagen, co-founded SecurCare Self Storage, Inc. Statements regarding the following subjects, among others, may be forward-looking: market trends in the Company's industry, interest rates, the debt and lending markets or the general economy; the Company's business and investment strategy; the acquisition of properties, including those under contract, our ability to execute on our acquisition pipeline; the timing of acquisitions under contract; and the Company's guidance estimates for the year ended December 31, 2019. By requiring probable cause before judges can issue warrants to agents for surveillance, the amendment both protects the privacy of those uninvolved in wrongdoing by leaving them alone and compels federal agents to focus their appetite for intelligence and their need for evidence on only those they legitimately feel may have done wrong. The forward-looking statements, and other risks, uncertainties and factors are based on the Company's beliefs, assumptions and expectations of its future performance, taking into account all information currently available to the Company.
When I mean no expectations, I really mean no expectations. Because many liabilities may not be identified within such period, we may have no recourse against the contributors for such liabilities. Accordingly, the amount of property taxes we pay in the future may increase substantially from what we have paid in the past. Therefore, safety — as well as liberty — is compromised. A listing of, and additional information about, the Joint Venture properties is included in Item 2 of this report. We seek to own properties that are well located in high quality sub-markets with highly accessible street access and attractive supply and demand characteristics, providing our properties with strong and stable cash flows that are less sensitive to the fluctuations of the general economy. Part of our strategy is to opportunistically partner with institutional funds and other institutional investors to acquire attractive portfolios through a promoted return structure.
Holders of common shares are entitled to receive distributions when declared by our board of trustees out of any assets legally available for that purpose. Actually, I recommend that you do so. State regulatory authorities generally have broad discretion to grant, renew and revoke licenses and approvals, to promulgate, interpret and implement regulations, and to evaluate compliance with regulations through periodic examinations, audits and investigations of the affairs of insurance industry participants. Shipping charges are calculated based on the shipping option you select, and is prepaid by you at the time of shipment. We also cannot predict the length of time needed to find a willing purchaser and to close the sale of a property.
Changes in any of these laws, ordinances or regulations could increase the potential liability existing or created by tenants or others on our properties. We are required to use all commercially reasonable efforts to keep such shelf registration statement continuously effective for a period ending when all common shares covered by the shelf registration statement are no longer Registrable Shares, as defined in the shelf registration statement. The majority of the provisions of the Act took effect on September 18, 1947, the day after the confirmed as the first. Our bylaws contain a provision exempting from the control share acquisition statute any and all acquisitions by any person of our shares. Certain environmental laws impose compliance obligations on owners and operators of real property with respect to the management of hazardous materials and other regulated substances.
In addition, any delay in re-leasing units as vacancies arise would reduce our revenues and harm our operating results. Many of these markets have multiple barriers to entry against increased supply, including zoning restrictions against new construction and new construction costs that we believe are higher than our properties' fair market value. Our portfolio consists of self storage properties that are designed to offer customers convenient, affordable, and secure storage units. Intraday data delayed at least 15 minutes or per exchange requirements. As a result, we and our shareholders may have more limited rights against our present and former trustees and officers than might otherwise exist absent the current provisions in our declaration of trust and bylaws or that might exist with other companies, which could limit your recourse in the event of actions not in your best interest. We also rely extensively on third-party vendors to retain data, process transactions and provide other systems services. Our structure appeals to operators who are looking for access to growth capital while maintaining an economic stake in the self storage properties that each manages on the Company's behalf.
No movie night, no dinners, no walks on the beach — no, no, no! Risk Factors—Risks Related to Our Business—Environmental compliance costs and liabilities associated with operating our properties may affect our results of operations. Although our board of trustees has not adopted a policy which limits the total amount of indebtedness that we may incur, it will consider a number of factors in evaluating our level of indebtedness from time to time, as well as the amount of such indebtedness that will be either fixed and variable-rate, and in making financial decisions, including, among others, the following: Our indebtedness may be recourse, non-recourse or cross-collateralized. Each year we communicate to shareholders the tax characterization of the common share dividends paid during the preceding year. This operator is led by John Minar, who has over 30 years of self storage acquisition and operational management experience. The full year 2018 increase resulted primarily from a 4.
Uncertainty in the credit markets may negatively impact our ability to access additional debt financing or to refinance existing debt maturities on favorable terms or at all , which may negatively affect our ability to make acquisitions. We are focused on recruiting established operators across the United States with a history of efficient property management and a track record of successful acquisitions. This produces information overload, as there is more data than can be analyzed; each year, it produces the equivalent of 27 times the contents of the Library of Congress. The council's function was to advise the president on domestic, foreign, and military policies, and to ensure cooperation between the various military and intelligence agencies. Some of our investments may be structured as strategic joint ventures.