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Creating Space for Growth

Mini Mall Storage Properties (MMSP) Trust is working hard to consolidate a fragmented storage industry. Bringing state of the art technology and tenant convenience, MMSP brings a user friendly storage brand into previously untouched markets. Leveraging the Avenue Living infrastructure and larger platform, MMSP allows for a tailored customer service approach.

  • $70 MILLION+

    Assets Under Management

  • 4 THOUSAND+

    Self-Storage Units

  • $50 MILLION+

    Assets Under Contract

Bringing It All Together

Mini Mall Storage Properties Trust builds on Avenue Living’s proven methods and solid infrastructure to consolidate a fragmented industry – the self-storage industry – bringing benefits to investors and customers. In Canada, the self-storage industry is fragmented, especially across many rural and secondary markets. Most self-storage properties are owned by individuals, scattered across the towns and urban centres of the prairies. Many – especially the B and C class operations – are considered “mom and pop” facilities.

Mini Mall Storage Properties Trust is an open-ended mutual fund trust focused on consolidating self-storage assets with a strong existing cash flow. These assets are typically individually owned with expense reduction and revenue optimization opportunities. Our focus is on class B and C assets in markets where we see strong growth potential.

Strategy Driven by Expertise & a Unique Platform

Self-storage consolidation is only possible with a fully developed platform. Our platform includes a team of self-storage industry experts, whose unique experience and insight allows us to make strategic acquisitions and capital improvements, including technology and automation upgrades that help previously underfunded assets improve efficiencies, reduce expenses, and streamline operations.

In addition to self-storage industry experts, the Mini Mall Storage Properties Trust has the benefit of instant access to Avenue Living Asset Management’s larger ecosystem, which includes investment expertise, accounting, marketing, call center services, and a range of other services that complement our own acquisitions and operations teams.

Avenue Living also offers access to debt markets not generally open to small owners, with better rates and terms. Together, this proven platform and our own expertise allows us to fast-track acquisitions and create operational efficiencies to increase cash flow.

A Natural Fit

The self-storage industry strategically fits within Avenue Living’s portfolio as the industry has similar characteristics to multi-family housing — an area in which we’ve spent over a decade building a platform. The acquisition process and setup are similar, and Mini Mall Storage Properties targets the same demographic as Avenue Living’s B and C class assets.

That similarity in demographic also offers a unique opportunity for cross-promotion, as many Avenue Living Communities residents fit the profile of the typical self-storage customer. The average income of self-storage renters is $20,000-$60,000 per year, and roughly 45% of storage renters are long-term residential tenants.

Key Facts

Product Type

Open-End Mutual Fund Trust

Closing Dates

Monthly – 3rd Thursday of Each Month

Targeted Returns

12-15% net levered IRR, inclusive of an 8% preferred return

Cash Distributions

$0.70/unit

DRIP

2% discount to NAV

Minimum Commitment

$25,000

Redemption Rights

Two (2) Year lock-up period from date of investment, after which monthly redemptions
at NAV on redemption date

Download Fact Sheet

Properties
Map of Brandon, MB

Brandon, MB

We’re constantly looking to make investments in our everyday, neighbouring cities.

  • Number of Units

    308

  • Storage Sq Feet

    25,750

Map of Calgary, AB

Calgary, AB

We’re constantly looking to make investments in our everyday, neighbouring cities.

  • Number of Units

    449

  • Storage Sq Feet

    46,484

Map of Camrose, AB

Camrose, AB

We’re constantly looking to make investments in our everyday, neighbouring cities.

  • Number of Units

    772

  • Storage Sq Feet

    96,065

Map of Grand Prairie, AB

Grande Prairie, AB

We’re constantly looking to make investments in our everyday, neighbouring cities.

  • Number of Units

    718

  • Storage Sq Feet

    86,772

Map of Prince Albert, SK

Prince Albert, SK

We’re constantly looking to make investments in our everyday, neighbouring cities.

  • Number of Units

    428

  • Storage Sq Feet

    41,370

Redcliff, AB

We’re constantly looking to make investments in our everyday, neighbouring cities.

  • Number of Units

    253

  • Storage Sq Feet

    39,504

Map of Saskatoon, SK

Saskatoon, SK

We’re constantly looking to make investments in our everyday, neighbouring cities.

  • Number of Units

    605

  • Storage Sq Feet

    87,550

Map of Swift Current, SK

Swift Current, SK

We’re constantly looking to make investments in our everyday, neighbouring cities.

  • Number of Units

    514

  • Storage Sq Feet

    53,060

Our Insights

December 29, 2020

Our Top Three: The Most-Read Posts of 2020

2020 will go down as one of the most memorable in modern history. So much has happened since January it perhaps feels like more than 12 months. At Avenue Living it’s been a year of milestones.

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December 11, 2020

Avenue Living Achieves New Milestone During COVID-19 Pandemic: $2 Billion in AUM

The leap to $2 billion in assets under management has to do with a clear focus, a relentless pursuit of strategic opportunity, and a diverse team that brings experience and efficiency to every undertaking.

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OUR TRUSTS
  • Core Trust

    The Avenue Living Real Estate Core Trust is a mutual fund trust, targeting stabilized assets with strong occupancy and stable current income. The portfolio comprises 350+ multi-family and mixed-use buildings, totaling 8,600+ units and over 55,500 square feet of commercial space. Our assets are well diversified across various core and non-core markets in western Canada.

  • Opportunity Trust

    The Avenue Living Real Estate Opportunity Trust is a mutual fund trust, targeting under-performing multi-family assets, balanced with stable, well-tenanted commercial assets. The portfolio currently has approximately 900 multi-family units and 350,000+ square feet of retail, office, and industrial space across Alberta and Saskatchewan under management and under contract.

  • Agricultural Land Trust

    The Avenue Living Agricultural Land Trust is a mutual fund trust that invests in Canadian farmland and leases it to farm operators for cash rent. Without the intense capital requirements in managing real estate, farm operators can focus on what they do best — farming and producing global food supply. We ensure tenants use best practices in farming to maintain productivity of the land for future generations.

  • US Real Estate Trust

    The Avenue Living U.S. Real Estate Trust is a mutual fund trust targeting stabilized multi-family assets in balanced, secondary U.S. markets. This Trust brings a unique data-driven, methodical approach to identifying markets and investment opportunities across the United States.

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