NYX Capital Corp. has sold its self-storage portfolio, encompassing nine sites in the Greater Toronto and Hamilton Area and Montreal region. The vendor garnered $310 million through the disposition, which saw SmartStop Self Storage acquire 7,500 existing rentable storage units, while Bluebird Self Storage and Storewest Developments purchased properties where 3,000 new units are planned.

The sites are located in dense residential and retail neighbourhoods, in keeping with NYX Capital’s asset management strategy. In addition to the roughly 1.4-million-square-foot self-storage portfolio, the private equity real estate investment company holds about $1.2 billion in projects under management or in development, spanning the residential, industrial, film studio and fitness asset classes.

“Despite this large disposition of our active portfolio, we are still interested in this asset class and will pursue any and all new opportunities in the self-storage industry,” says Yashar Fatehi, the company’s chief executive officer. “We believe it was the right time to sell these assets and generate healthy returns for our partners.”