Merit Hill Capital, a real estate investment firm focused on acquiring, owning and managing self-storage facilities across the United States, has announced year-end results for 2020.
As of Dec. 31, 2020, the company’s portfolio consisted of 140 self-storage facilities located across 30 states. These facilities consist of more than 68,700 individual units and comprise approximately 9.4 million square feet.
In the fourth quarter of 2020, Merit Hill Capital acquired 18 facilities in 17 separate transactions, bringing the total number of properties acquired in 2020 to 57 in 31 separate deals.
The company also finished the year with record disposition activity. In total, Merit Hill Capital sold 31 properties to six different buyers throughout the year, capitalizing on a robust market for self-storage and delivering meaningful outperformance as compared to original underwriting.
Liz Schlesinger, CEO and founder of Merit Hill Capital, commented, “We are plea
