Acquisition pushes the Forum Make Space platform past $500 million in self-storage assets under management across Canada
FMS Capital Trust is pleased to announce that it has completed the acquisition of a 50% interest in four self-storage facilities across Hamilton, Ontario, with Forum Make Space Storage Fund (“MSSF”) acquiring the remaining 50% interest. With completion of the acquisition, FMS Capital Trust has grown to over $110 million in gross asset value and is substantially fully allocated, just twelve months after FMS Capital Trust’s launch in August 2025.
Reaching full allocation within its first-year underscores both the depth of Forum Make Space’s acquisition pipeline and the strength of investor demand for Canadian self-storage. Since launching in August 2025, FMS Capital Trust has deployed capital exclusively into established, income-producing self-storage assets, with an emphasis on underserved secondary markets, a strategy the Hamilton portfolio exemplifies.
Together, the four properties located in the Hamilton communities of Ancaster, Dundas, Upper James, and Waterdown comprise approximately 184,000 square feet of net rentable area across roughly 1,200 storage units.
The facilities will be managed by the Forum Make Space operating platform, which manages a growing network of self-storage properties across Canada. With this acquisition, the platform now has more than $500 million in assets under management and comprises 67 facilities spanning 2.7 million square feet, positioning Forum Make Space among the leading owners and operators of self-storage facilities in Canada.
“Fully allocating FMS Capital Trust within twelve months of launch speaks to the quality of our pipeline and the confidence investors have placed in our platform,” said Danny Freedman, CEO & Founder of Make Space. “This acquisition reflects our conviction in the Hamilton region and our commitment to expanding across Ontario. We continue to invest in communities where we see long-term opportunity and look forward to serving the residents and businesses of Waterdown, Dundas, Ancaster, and Hamilton.”
About FMS Capital Trust
FMS Capital Trust is a closed-ended mutual fund trust focused on acquiring and operating self-storage assets across Canada, with an emphasis on underserved secondary markets. Launched in August 2025 and managed by Forum Make Space, FMS Capital Trust targets stable cash flows and long-term capital appreciation through value-add operational strategies and portfolio growth. With completion of this acquisition, FMS Capital Trust has grown to over $110 million in gross asset value and is substantially fully allocated.
About Forum Make Space Storage Fund
MSSF is the evergreen self-storage fund of Forum Make Space. MSSF comprises a portfolio of 37 properties across six provinces, totaling over 1.4 million rentable square feet of storage and over $265 million in assets under management. This scale positions MSSF as one of the leading owners of self-storage facilities in Canada.
About Forum Asset Management
Forum is an investor, developer and asset manager operating across North America for over 30 years, focusing on real estate, private equity and infrastructure. Forum is committed to creating value that benefits its stakeholders and the communities in which they invest – what they call their Extraordinary Outcomes.™ The enterprise value of Forum’s assets under management currently exceeds $3.8 billion. Forum is proud to have delivered meaningful alternative asset returns since 2002, while positively impacting over 25,000 lives.
Source : FMS Capital Trust
