StorageVault Canada Acquires Four Assets for $81.55 Million

StorageVault Canada Inc. completed the acquisition of four storage assets for a total purchase price of $81.55 million. The company acquired three of these properties, valued at $71.25 million, through a joint venture with Woodbourne, where StorageVault holds a 25% interest and Woodbourne holds 75%.

StorageVault wholly owns the fourth property, which is valued at $10.3 million. The company funded its $28.112 million share of the acquisitions using available cash and first mortgage financing. These transactions bring the company's gross acquisitions for fiscal 2026 to $153 million.

In addition to the purchases, the company expanded its third-party management platform by adding two properties located in Hamilton and near Ottawa, Ontario. This expansion brings the total number of third-party managed locations to 32.