PSA - Self-Storage deals at record high levels in 2020: Real Capital Analytics

Real Capital Analytics data indicate that despite economic disruptions caused by the pandemic, self-storage sales stood at $7.7B in 2020 which is one-third higher than 2019 levels.Two deals - Blackstone Real Estate Income Trust (BX) acquisition of Simply Self Storage from a Brookfield Asset Management (BAM) real estate fund for ~$1.2B and Jernigan Capital's (JCAP) sale to NexPoint Advisors for ~$900M - accounted for more than 25% of annual volume in Q4.Quick look at performances of self storage companies - (PSA), (NSA), (CUBE), (EXR) - in past one year:Single-asset sales increased 13% Y/Y to $3.5B.While the number of unique investors dropped in 2Q20, it rose to an all-time high of 125 by 2020-end; private investors claimed 58% of investment in 2020.With a strong start in 2020, self-storage reports $968M in investment activity through February 2021; highest ever recorded for first two months of the year."As wealth advisors, sometimes we recommend going out of multifamily

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Self-Storage deals at record high levels in 2020: Real Capital Analytics