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Key highlights

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.