FMS Capital Trust has completed the acquisition of a 50 percent interest in four self-storage facilities in Hamilton, Ontario, with Forum Make Space Storage Fund (MSSF) acquiring the remaining 50 percent interest.
The transaction brings FMS Capital Trust to more than $110 million in gross asset value and leaves the trust substantially fully allocated just 12 months after its August 2025 launch.
Since launching, FMS Capital Trust has deployed capital exclusively into established, income-producing self-storage assets, focusing on underserved secondary markets. The Hamilton portfolio continues that strategy and includes four properties located in the communities of Ancaster, Dundas, Upper James, and Waterdown.
Together, the facilities comprise approximately 184,000 square feet of net rentable area and roughly 1,200 storage units.
The properties will be managed by the Forum Make Space operating platform, which oversees a growing network of self-storage facilities across Canada. Following the acquisition, the platform has more than $500 million in assets under management, with 67 facilities comprising 2.7 million square feet.
“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 and 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.”
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, the trust targets stable cash flows and long-term capital appreciation through value-add operational strategies and portfolio growth.
With the completion of the Hamilton acquisition, FMS Capital Trust has grown to more than $110 million in gross asset value and is substantially fully allocated.