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Ontario  + Industrial  |  June 19, 2025
Photo of the interior of a self-storage facility.
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By: Monte Stewart

FMS Plans to Acquire Three Self-Storage Properties in Ontario

FMS Capital Trust plans to acquire three unidentified self-storage facilities in Ontario following an IPO to raise the required funds.

The trust announced that has obtained a preliminary prospectus in all provinces except Quebec to launch an IPO of trust units for $40 million to $60 million. The IPO has been priced at $10 per class A and class F unit.

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 promoting 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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