U.S. self-storage sales volume reaches record level in 2020

Transactions involving U.S. self-storage assets reached a record level in 2020, according to Real Capital Anyalytics.

At $7.7 billion for the year, self-storage deal activity was one-third higher than that of 2019, a stark outperformance compared to the U.S. market overall which slumped by more than a quarter. BREIT’s acquisition of Simply Self Storage and Nexpoint’s acquisition of Jernigan Capital, both of which took place in the fourth quarter, accounted for more than 25 percent of annual volume. Still, sales of single assets, a better indicator of the health of the market, were also higher than 2019, as $3.5 billion worth of individual assets changed hands in 2020, up 13 percent on a year-over-year basis.

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