Make Space Fund Acquires 7 Canadian Self-Storage Facilities

Make Space Capital Partners, the investment-management arm of Canada-based self-storage operator Make Space Inc., has purchased seven facilities through its acquisition fund, Make Space Capital Partners I LP, for $51.6 million. Together, the properties will add more than 450,000 rentable square feet and 3,800 units to the company’s portfolio. They’re located in Vancouver Island, British Columbia; Calgary and Edmonton, Alberta; and Kitchener and Mississauga, Ontario, according to a press release.

The fund has acquired more than $77 million of self-storage assets this year and now operates 950,000 rentable square feet of storage space, the release stated.

“We are extremely excited to complete this significant acquisition for the fund. The addition of these assets validates the incredible work our team has done to create value in the fund for both present and future inventors,” said Danny Freedman, director of business development.

Make Space now operates 16 self-storage facilities across Canada. Launched in 2019, the fund is a privately held limited partnership with a targeted goal of amassing up to 20 storage properties. It has several more potential acquisitions in its pipeline, according to the release.

Source: EIN Newswires, Make Space Capital Partners Completes the Acquisition of Seven New Storage Investments