Merit Hill Capital

Overview

Merit Hill Capital is a woman-owned real estate investment firm specializing in acquiring, owning, and managing self-storage facilities across the United States. Founded in 2016 by Liz Raun Schlesinger, the firm has become one of the most experienced institutional self-storage owners in the country. With a focus on a resilient asset class and a disciplined investment approach, Merit Hill Capital has reviewed over 11,800 properties and acquired 556 in 329 transactions, managing more than 157,000 units across 132 metro areas. As of December 31, 2025, the firm's assets under management exceeded $1.7 billion. The firm's investment strategy emphasizes asset optimization through value-add initiatives, strong management partnerships with top third-party operators, and diversification across multiple U.S. geographies. Merit Hill Capital employs a repeatable and disciplined approach to self-storage investing, leveraging robust data sources and an extensive network to identify attractive opportunities. The firm has a history of exceeding expectations, having raised six investment vehicles since its founding and consistently delivering strong, risk-adjusted returns to investors. Merit Hill Capital's leadership, under the guidance of Liz Raun Schlesinger, who has been exclusively managing assets in the self-storage sector since 2006, is characterized by integrity, a strong work ethic, and deep industry knowledge. The firm's commitment to excellence is evident in its track record of growth and its ability to navigate varying market cycles, solidifying its position as a leading player in the self-storage real estate investment sector.

Investment Focus

• Focus on self-storage facilities
• Geographical diversification across the U.S.
• Emphasis on value-add opportunities
• Partnerships with reputable third-party property managers

Portfolio Companies