FMS Capital Trust has completed the acquisition of five self-storage facilities in Southern Ontario, adding approximately 200,000 square feet of net rentable area and more than 1,500 storage units to its growing portfolio.

Financial terms were not disclosed.

The properties are located in Grimsby, Niagara Falls, Keswick and Port Perry, and include a mix of traditional drive-up and indoor climate-controlled storage units, along with outdoor parking at select locations. The facilities are established, income-producing assets that will be integrated into the Forum Make Space operating platform, which manages a growing network of self-storage properties across Canada.

“The completion of this acquisition marks an important milestone for FMS Capital Trust and reflects our continued focus on acquiring and operating self-storage assets that can deliver stable cash flows and long-term value for our unitholders,” said Danny Freedman, CEO of Forum Make Space, the company that controls FMS Capital.

“These properties add meaningful scale to our Ontario portfolio, provide diversification across five established facilities, and strengthen our presence in key Ontario markets. We look forward to integrating the properties into the Make Space platform and continuing to deliver an exceptional storage experience for our customers.”

FMS Capital said the acquisition aligns with its mandate of generating stable cash flows and long-term capital appreciation for unitholders while expanding its presence in key Ontario markets.

The purchase comes after FMS Capital completed the indirect acquisition of its initial portfolio comprising three self-storage properties in Bellevue, Ont.; Trenton, Ont,; and Frankford, Ont.; for $42 million in September 2025 following an IPO designed to purchase the assets.

FMS Capital is a closed-ended mutual fund trust focused on acquiring and operating self-storage assets across Canada, particularly in underserved secondary markets. Managed by Forum Make Space, the trust seeks to generate stable cash flows and long-term capital appreciation through portfolio growth and value-add operational strategies.

Pictured: FMS Capital’s newly acquired self-storage property in Grimsby, Ont.

Photo: CNW Group/Forum Make Space

Canada’s commercial real estate market is evolving fast—be in the room where it all comes together. On June 25 in Toronto, Connect CRE Canada brings together the leaders actively shaping the market. Join an influential audience of 200 investors, developers, brokers, lenders, and owners for high-level networking and timely discussions on the trends impacting today’s market. Hear from leaders at TD Asset Management, Starlight, Woodbourne Capital Management, REMAX, Fengate Asset Management, Stonebridge Financial, Yardi, and more. Register today to stay ahead of the market and build valuable industry connections.