Item 8.01 Other Information

Financing Transactions

On April 2, 2012, CubeSmart (the "CubeSmart") and CubeSmart, L.P. (the "Operating Partnership," and together with CubeSmart, the "Company"), repaid $9.1 million of mortgage loans having a stated maturity of July 2012. On May 13, 2012, the Company repaid $74.5 million of mortgage loans having a stated maturity of August 2012. On June 1, 2012, the Company repaid $80 million of mortgage loans having a stated maturity of September 2012. The Company used available cash and borrowings under its $100 million unsecured term loan due 2017 and under its unsecured revolving credit facility to fund these debt repayments.

Storage Deluxe Property Acquisition

On April 25, 2012, as part of the Company's $560 million acquisition of 22 Storage Deluxe Class A self-storage facilities located primarily in the greater New York City area, the Company closed on the purchase of one of the remaining two Storage Deluxe facilities that the Company had not yet acquired as of March 31, 2012 for an aggregate purchase price of $59.3 million (including the assumption of approximately $24.7 million in liabilities). The Company used borrowings under its $100 million unsecured term loan due 2017 and under its unsecured revolving credit facility to fund this acquisition. The acquisition of the remaining Storage Deluxe property is expected to close during the second half of 2012, which will complete the Company's acquisition of the entire Storage Deluxe portfolio.

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