Levin Johnston Featured in GlobeSt
Despite disruptions caused by the pandemic, self-storage transactions hit an all-time high in 2020.
Overall, self-storage sales tallied $7.7 billion in 2020, which was one-third higher than that of 2019, according to Real Capital Analytics.
However, two entity transactions in Q4, BREIT’s acquisition of Simply Self Storage and Nexpoint’s acquisition of Jernigan Capital, accounted for over 25% of annual volume.
Still, single-asset sales, which RCA says is a better indicator of the health of the market, also rose 13% year-over-year to $3.5 billion.