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Ontario  + Industrial  |  September 7, 2025
Photo of the interior of a self-storage facility.
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By: Monte Stewart

FMS Capital Acquires Three-Property Self-Storage Portfolio for $42M

FMS Capital Trust has indirectly acquired a three-property self-storage portfolio in Ontario for $42 million following an IPO to raise the required funds.

The portfolio comprises a 300-unit facility in Bellevue, Ont.; a 40-unit property, known as the Pines, in Frankford, Ont.; a Trenton, Ont., location containing 450 storage units and 50 vehicle storage units.

FMS previously announced its intention to acquire the portfolio but did not specify the asset locations in its initial announcement.

The trust is expected to operate the three facilities under the Make Space brand.

Forum Investment and Development, through a subsidiary, and Make Space are backing the trust and will also manage the properties.

Photo: Make Space

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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