Jan 15, 2025

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In the News

ICM Asset Management Announces Sale of Mayland Self Storage LP to ICM Bluebird Canadian Self Storage Fund

(January 2025 – Calgary, Alberta) ICM Asset Management is pleased to announce the successful completion, sale, and transition of the Mayland Yards Self Storage LP development to the ICM Bluebird Canadian Self Storage Fund (“Fund”). This Class-A self-storage asset represents a complementary addition to the Fund’s growing portfolio and exemplifies ICM Property Developments commitment to delivering high-quality real estate projects.

The asset is located adjacent to Mayland Yards Business Park, which was previously developed by ICM Property Developments in the Mayland Heights neighborhood of Northeast Calgary. The asset benefits from an ideal location within a five-minute drive of downtown Calgary. The property features seamless access to major roads, including Highway #1, Deerfoot Trail, and Stoney Trail. Situated on a 1.5-acre site, the facility is purpose-built for efficient storage operations, featuring climate-controlled units, best-in-class amenities, and drive-in storage options on the east and west perimeters of the building.

The development’s design was significantly informed by the market expertise of Bluebird Self Storage’s principals, who provided valuable input on the optimal layouts, site planning, and operational framework. Bluebird Self Storage, the 7th largest self-storage operator in Canada, now operates the facility as part of its robust national platform. Notably, this property marked the inception of the ICM and Bluebird Self Storage partnership in May 2022.

Post-acquisition, ICM Bluebird’s portfolio includes 11 assets totaling over 760,000 square feet, solidifying its position as a leader in the Canadian self-storage market.

About ICM Property Developments
ICM Property Developments is an opportunistic developer, actively seeking potential across all asset classes—residential, industrial, retail, and hospitality. The firm’s mission is to inspire through design and deliver thoughtful, high-quality projects. ICM credits its success to an unwavering commitment to three core principles: Value, Discipline, and Results. These tenets have guided the company in creating a legacy of exceptional developments for its clients.

About ICM Bluebird Canadian Self Storage LP
ICM Bluebird Canadian Self Storage LP is the only Canadian self-storage fund focused exclusively on Class-A assets in major urban markets. Recognizing the undersupplied nature of the Canadian self-storage market, the Fund is actively consolidating a coast-to-coast portfolio of institutional-quality assets. With its commitment to quality and operational excellence, the Fund is shaping the future of the Canadian self-storage industry.

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