Self-Storage acquisition activity continues to be limited in Q2 of 2020
Overall results showed limited acquisition activity in the second quarter of 2020 in the self-storage sector.
Key highlights from Self Storage REITS Q2 2020 report filings:
- A small number of acquisitions were completed by the national self-storage REITs during Q2; however, in general, acquisition activity was limited during the quarter.
- Although rates and collections were negatively impacted during Q2 due to COVID-19, these metrics are showing positive trends as of the end of July 2020.
- The amount of new self-storage construction appears to be declining as of Q2 2020.