Avenue Living Mini Mall Storage Properties Trust
Participate passively and indirectly in the consolidation of private self-storage operations across Canada and the United States
Overview
Strategy
Performance
Docs & News
Advisor Inquiry
Overview
Overview
Mini Mall Storage Properties Trust (the "Trust"), through its investment in the Mini Mall Storage Properties Limited Partnership and the Mini Mall U.S. Storage Properties Master LP (collectively, the "Mini Mall LPs"), provides investors with the opportunity to participate passively and indirectly in the consolidation of private self-storage operations across Canada and the United States. The Trust seeks to generate investor returns via capital appreciation through asset and facility improvements, and via leasing revenues generated by the operations of the Mini Mall LPs.
Investment Summary
| Target Return | 12 - 15% |
| Liquidity | Monthly |
| Income Generation | Monthly |
| Investment Horizon | 5 - 10 years |
| Fees | 1.75% per annum 1% acquisition fee of any property directly or indirectly acquired |
Strategy
Strategy
With assets located in both Canada and the United States, Mini Mall targets self-storage assets within markets that it has determined to have strong growth potential. Generally, these assets are “legacy run”, individually owned, “mom-and-pop” facilities with expense reduction and revenue optimization opportunities, which in many cases may be acquired below replacement value. In 2021, following considerable growth in Canada, the U.S. Partnership was formed with the goal of expanding the business of Mini Mall into the United States. As both the Canadian Partnership and the U.S. Partnership are beneficially owned by the Trust, an investment in the Trust provides exposure to both the Canadian and United States self-storage businesses of Mini Mall.
Objective
The Trust, through its investments in the Partnerships, provides Unitholders with exposure to the business of the Partnerships, which consists of cash flow through rental income, potential returns through value-add enhancements to the properties, potential market growth in the rental rates of such properties, and operating expense efficiencies through active management.
Performance
Docs & News
| Date | Title | Link |
|---|---|---|
| no news |
Advisor Inquiry
Terence Cheng
Contact: terence@CortonCapital.ca
Phone: 647 205 7484
Terence Cheng has 17+ years’ experience in the real estate and private capital markets business. As a former Vice President at Fundscraper Capital Inc., he facilitated over $550M in investment capital deployment across vetted market products. Terence is passionate about helping clients and crafting tailored investment solutions to achieve their medium and long-term goals.