Devon Self Storage adds 96 self-storage assets in 2025

Deal value: $2B

Devon Self Storage added 96 self-storage assets across 31 states, reaching a portfolio of over 200 facilities and $2 billion in assets under management.

The investment is driven by the belief that the self-storage sector offers resilient, recession-resistant cash flows and strong long-term growth potential, fueled by shifting consumer habits and urbanization. Devon's acquisition spree reflects a strategic push to consolidate market share, achieve economies of scale, and capitalize on fragmented ownership in a sector experiencing robust demand. The timing leverages favorable capital markets and a competitive landscape ripe for consolidation, positioning Devon as a top-tier national operator.