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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.

  • $340 MILLION+

    Assets Under Management

  • 17 THOUSAND+

    Self-Storage Units

  • $100 MILLION+

    Assets Under Contract

  • 2 MILLION+

    Square Feet

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 class B and C 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 Industry Expertise and Insight

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 class B and C 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.

  • 2020 6.22%

  • YTD 9.67%

*Fund returns are based on Class C as at September 30, 2021

Key Facts

Fund Type

Open-End Mutual Fund Trust

Fund Codes

Class A - ICC600A

Class AU - ICC600AU

Class J - ICC600J

Class JU - ICC600JU

Class C - ICC600C

Class CU - ICC600CU

Institutional Classes Available

Fund Inception

February 2020

AUM (as at September 30, 2021)

$427.0 Million

Asset Manager

Avenue Living Asset Management Ltd.

Fund Manager

Invico Capital Corporation

Distributions

Monthly

Minimum Investment

C$5,000

US$5,000

Registered Eligible

Yes

Learn more about our other funds here

All Funds

Core

Opportunity

Agricultural Land

U.S. Real Estate

Mini Mall Storage Properties

Abernethy, SK
Acres 1,939
Airdrie, AB
Units 615
Storage Sq Feet 88,775
Almonte, ON
Units 479
Storage Sq Feet 62,780
Aneroid, SK
Acres 1,260
Antler, SK
Acres 1,591
Assiniboia, SK
Acres 965
Bankend, SK
Acres 730
Blaine Lake, SK
Acres 1,141
Bonnyville, AB
Properties 18
Doors 305
Bracebridge, ON
Units 282
Storage Sq Feet 92,745
Brandon, MB
Units 308
Storage Sq Feet 25,750
Brooks, AB
Properties 14
Doors 315
Comm Sq Feet 6,515
Calder, SK
Acres 1,392
Calgary, AB
Properties 19
Doors 861
Calgary, AB
Properties 5
Doors 89
Comm Sq Feet 8,000
Calgary, AB
Units 563
Storage Sq Feet 60,693
Calgary, AB
Properties 5
Doors 306
Cambridge, ON
Units 1,077
Storage Sq Feet 104,792
Camrose, AB
Properties 25
Doors 325
Camrose, AB
Units 772
Storage Sq Feet 96,065
Carleton Place, ON
Units 79
Storage Sq Feet 33,930
Churchbridge, SK
Acres 782
Cincinnati, OH
Properties 1
Doors 116
Cochrane, AB
Properties 1
Doors 68
Colorado Springs, CO
Properties 1
Doors 129
Cornwall, ON
Units 657
Storage Sq Feet 53,928
Cranbrook, BC
Units 102
Storage Sq Feet 11,100
Dawson Creek, BC
Units 292
Storage Sq Feet 32,104
Edmonton, AB
Properties 61
Doors 1,176
Edmonton, AB
Properties 3
Doors 218
Comm Sq Feet 13,100
Elrose, SK
Acres 4,080
Elstow, SK
Acres 2,273
Fillmore, SK
Acres 1,752
Foam Lake, SK
Acres 1,739
Golden West, SK
Acres 2,457
Grande Prairie, AB
Units 718
Storage Sq Feet 86,772
Griffin, SK
Acres 626
Harris, SK
Acres 1,638
Hawkesbury, ON
Units 235
Storage Sq Feet 51,698
Indian Head, SK
Acres 946
Kansas City, KS
Properties 5
Doors 414
Kemptville, ON
Units 157
Storage Sq Feet 18,150
Lacombe, AB
Units 204
Storage Sq Feet 26382
Lafleche, SK
Acres 3,954
Lancer, SK
Acres 5,378
Lethbridge, AB
Properties 27
Doors 615
Lethbridge, AB
 
 
Comm Sq Feet 70,810
Lethbridge, AB
Units 604
Storage Sq Feet 47,235
Lloydminster, AB
Properties 29
Doors 767
Madison, WI
Properties 1
Doors 296
Maple Ridge, BC
Units 897
Storage Sq Feet 93,886
Medicine Hat, AB
Properties 33
Doors 893
Comm Sq Feet 7,150
Moncton, NB
Units 348
Storage Sq Feet 52,932
Moose Jaw, SK
Properties 7
Doors 243
Nelson, BC
Units 330
Storage Sq Feet 34,560
North Vancouver, BC
Units 1,095
Storage Sq Feet 85,652
Ottawa, ON
Units 2,050
Storage Sq Feet 163,875
Owen Sound, ON
Units 182
Storage Sq Feet 110,149
Pleasant Valley, SK
Acres 1,762
Pleasantdale, SK
Acres 1,226
Ponoka, AB
 
 
Comm Sq Feet 67,515
Poplar Valley, SK
Acres 2,836
Prince Albert, SK
Properties 11
Doors 235
Prince Albert, SK
Properties 1
Doors 30
Prince Albert, SK
Units 428
Storage Sq Feet 41,370
QuAppelle, SK
Acres 305
Red Deer, AB
Properties 17
Doors 445
Red Deer, AB
Properties 6
Doors 235
Redcliff, AB
Units 253
Storage Sq Feet 39,504
Regina, SK
Properties 30
Doors 578
Comm Sq Feet 3,350
Regina, SK
Properties 3
Doors 54
Saltcoats, SK
Acres 1,418
Saskatoon, SK
Properties 53
Doors 1,307
Comm Sq Feet 9,894
Saskatoon, SK
Properties 6
Doors 96
Saskatoon, SK
Units 605
Storage Sq Feet 87,550
Sexsmith, AB
Units 387
Storage Sq Feet 37,700
Sherwood Park, AB
Properties 2
Doors 48
St. Albert, AB
Units 1614
Storage Sq Feet 194,500
St. John, NB
Units 162
Storage Sq Feet 25,393
Stettler, AB
 
 
Comm Sq Feet 8,475
Strathmore, AB
Units 88
Storage Sq Feet 36,518
Swift Current, SK
Properties 10
Doors 221
Swift Current, SK
Properties 1
Doors 14
Comm Sq Feet 6,000
Swift Current, SK
Units 514
Storage Sq Feet 53,060
Timmins, ON
Units 394
Storage Sq Feet 46,604
Tulleymet, SK
Acres 4,335
Wallace, SK
Acres 1,548
Waterloo, ON
Units 681
Storage Sq Feet 55,331
Wetaskiwin, AB
Properties 21
Doors 401
Wetaskiwin, AB
Properties 22
Doors 401
Comm Sq Feet 158,645
Winnipeg, MB
Properties 1
Doors 256
Comm Sq Feet 9,554
Yorkton, SK
Properties 21
Doors 429
Abernethy, SK
Acres 1,939
Airdrie, AB
Units 615
Storage Sq Feet 88,775
Almonte, ON
Units 479
Storage Sq Feet 62,780
Aneroid, SK
Acres 1,260
Antler, SK
Acres 1,591
Assiniboia, SK
Acres 965
Bankend, SK
Acres 730
Blaine Lake, SK
Acres 1,141
Bonnyville, AB
Properties 18
Doors 305
Bracebridge, ON
Units 282
Storage Sq Feet 92,745
Brandon, MB
Units 308
Storage Sq Feet 25,750
Brooks, AB
Properties 14
Doors 315
Comm Sq Feet 6,515
Calder, SK
Acres 1,392
Calgary, AB
Properties 19
Doors 861
Calgary, AB
Properties 5
Doors 89
Comm Sq Feet 8,000
Calgary, AB
Units 563
Storage Sq Feet 60,693
Calgary, AB
Properties 5
Doors 306
Cambridge, ON
Units 1,077
Storage Sq Feet 104,792
Camrose, AB
Properties 25
Doors 325
Camrose, AB
Units 772
Storage Sq Feet 96,065
Carleton Place, ON
Units 79
Storage Sq Feet 33,930
Churchbridge, SK
Acres 782
Cincinnati, OH
Properties 1
Doors 116
Cochrane, AB
Properties 1
Doors 68
Colorado Springs, CO
Properties 1
Doors 129
Cornwall, ON
Units 657
Storage Sq Feet 53,928
Cranbrook, BC
Units 102
Storage Sq Feet 11,100
Dawson Creek, BC
Units 292
Storage Sq Feet 32,104
Edmonton, AB
Properties 61
Doors 1,176
Edmonton, AB
Properties 3
Doors 218
Comm Sq Feet 13,100
Elrose, SK
Acres 4,080
Elstow, SK
Acres 2,273
Fillmore, SK
Acres 1,752
Foam Lake, SK
Acres 1,739
Golden West, SK
Acres 2,457
Grande Prairie, AB
Units 718
Storage Sq Feet 86,772
Griffin, SK
Acres 626
Harris, SK
Acres 1,638
Hawkesbury, ON
Units 235
Storage Sq Feet 51,698
Indian Head, SK
Acres 946
Kansas City, KS
Properties 5
Doors 414
Kemptville, ON
Units 157
Storage Sq Feet 18,150
Lacombe, AB
Units 204
Storage Sq Feet 26382
Lafleche, SK
Acres 3,954
Lancer, SK
Acres 5,378
Lethbridge, AB
Properties 27
Doors 615
Lethbridge, AB
Mini Mall Storage Properties Trust
Mini Mall Storage Properties Trust
Comm Sq Feet 70,810
Lethbridge, AB
Units 604
Storage Sq Feet 47,235
Lloydminster, AB
Properties 29
Doors 767
Madison, WI
Properties 1
Doors 296
Maple Ridge, BC
Units 897
Storage Sq Feet 93,886
Medicine Hat, AB
Properties 33
Doors 893
Comm Sq Feet 7,150
Moncton, NB
Units 348
Storage Sq Feet 52,932
Moose Jaw, SK
Properties 7
Doors 243
Nelson, BC
Units 330
Storage Sq Feet 34,560
North Vancouver, BC
Units 1,095
Storage Sq Feet 85,652
Ottawa, ON
Units 2,050
Storage Sq Feet 163,875
Owen Sound, ON
Units 182
Storage Sq Feet 110,149
Pleasant Valley, SK
Acres 1,762
Pleasantdale, SK
Acres 1,226
Ponoka, AB
Mini Mall Storage Properties Trust
Mini Mall Storage Properties Trust
Comm Sq Feet 67,515
Poplar Valley, SK
Acres 2,836
Prince Albert, SK
Properties 11
Doors 235
Prince Albert, SK
Properties 1
Doors 30
Prince Albert, SK
Units 428
Storage Sq Feet 41,370
QuAppelle, SK
Acres 305
Red Deer, AB
Properties 17
Doors 445
Red Deer, AB
Properties 6
Doors 235
Redcliff, AB
Units 253
Storage Sq Feet 39,504
Regina, SK
Properties 30
Doors 578
Comm Sq Feet 3,350
Regina, SK
Properties 3
Doors 54
Saltcoats, SK
Acres 1,418
Saskatoon, SK
Properties 53
Doors 1,307
Comm Sq Feet 9,894
Saskatoon, SK
Properties 6
Doors 96
Saskatoon, SK
Units 605
Storage Sq Feet 87,550
Sexsmith, AB
Units 387
Storage Sq Feet 37,700
Sherwood Park, AB
Properties 2
Doors 48
St. Albert, AB
Units 1614
Storage Sq Feet 194,500
St. John, NB
Units 162
Storage Sq Feet 25,393
Stettler, AB
Mini Mall Storage Properties Trust
Mini Mall Storage Properties Trust
Comm Sq Feet 8,475
Strathmore, AB
Units 88
Storage Sq Feet 36,518
Swift Current, SK
Properties 10
Doors 221
Swift Current, SK
Properties 1
Doors 14
Comm Sq Feet 6,000
Swift Current, SK
Units 514
Storage Sq Feet 53,060
Timmins, ON
Units 394
Storage Sq Feet 46,604
Tulleymet, SK
Acres 4,335
Wallace, SK
Acres 1,548
Waterloo, ON
Units 681
Storage Sq Feet 55,331
Wetaskiwin, AB
Properties 21
Doors 401
Wetaskiwin, AB
Properties 22
Doors 401
Comm Sq Feet 158,645
Winnipeg, MB
Properties 1
Doors 256
Comm Sq Feet 9,554
Yorkton, SK
Properties 21
Doors 429
Our Insights

December 1, 2021

Mini Mall Storage Properties Expands Operations to the U.S.

We are pleased to announce that our Mini Mall Storage Properties Trust (MMSP Trust) will expand into the United States. The expansion is a continuation of the overall plan to position MMSP Trust to acquire…

View Insight

February 9, 2021

Growing in Leaps and Bounds: Mini Mall Storage Properties Surpasses $100M AUM in Our First Year

In its first year as a trust, Mini Mall has acquired 27 properties and invested funds into capital improvements — often additional security and technology for more flexible payment options — in markets across British Columbia, Alberta, Saskatchewan, Manitoba, and Ontario.

View Insight

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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