01 Partially Leased Class A Facilities
Acquire new, but not yet stabilized, properties and lease vacant units
ICM Bluebird Canadian Self Storage
ICM Bluebird Canadian
Self Storage Fund
ICM Bluebird Canadian Self Storage is the only storage fund in Canada focused on Class A assets in major markets. The Canadian storage market is undersupplied, and the fund was built to consolidate a portfolio of institutional quality assets from coast to coast.
Fund Philosophy
Canada’s rapidly growing population and undersupply of available self-storage will continue to drive demand in a defensive asset class that outperforms the market during turbulent periods. Consumer preferences are evolving, favouring newer stores in more urban locations, and Class A assets like those held by the fund represent the future of the industry.
Fund Highlights
With 11 assets acquired or under contract in four primary and secondary markets from British Columbia to Quebec, the fund’s total assets currently sit at more than $200 million. The fund offers a blend of strategies, including lease up, repositioning and development, in a closed-end structure focused on capital growth over a holding period of five to seven years.
Track Record
Launched in early 2023, to date the fund has grown to own and control assets with a total value exceeding $200 million.
Investment Strategy
02 New Class A Facility Development
Identify new sites, develop new facilities and lease to stabilization
03 Non-Professionally Managed Class B Assets
Renovate and reposition the assets by applying Bluebird’s professional management platform
04 Realize a Portfolio Premium on Exit
Build a portfolio by rolling up existing Bluebird-operated stores to achieve a portfolio premium upon exit
Portfolio Highlights
Buffalo Run
Mayland Self Storage
Dufferin Self Storage
Chemin Self Storage
Princess Ave Self Storage
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