NationWide Self Storage &
Auto Wash Trust
NationWide Self Storage & Auto Wash Trust (the “Trust”) is a unique real estate investment with objectives structured to provide monthly income and long-term investment growth to investors.
The investment objective of the Trust is to provide holders of participating preferred trust units with:
- an investment return derived from:
- an annualized preferred base target return of 8%;
- up to 70% participation in the returns exceeding the 8% targeted return – paid monthly in arrears; and
- capital appreciation on disposition of the Development Property.
- tax advantaged target monthly income distributions, as a portion of the distributions will be taxed as a return of capital;
- a source of cash flow in various economic environments; and
- an investment backed by urban industrial real estate through the Trust’s ownership of the Partnership.
|Issue Size:||Maximum $12,500,000 (125,000 Trust Units)|
|Securities Offered:||CDO NW031 – Participating Preferred Class A trust units
CDO NW032 – Participating Preferred Class F trust units
|Price Per Security:||$100.00 per Unit|
|Minimum Subscription:||$10,000. Additional subscriptions may be made in multiples of $1,000 in Units.|
|Distributions:||Investors are expected to receive monthly cash distributions (targeting an 8% annualized preferred base return based on a $100 Participating Preferred Trust Unit issue price and upside participation thereafter in all income and profits) approximately 12-24 months from the date of the final Closing of the Offering.|
|Redemption:||Quarterly redemption provisions (subject to certain restrictions – see offering memorandum).|
|Initial Closing:||Once minimum offering is achieved and every month-end thereafter.|
Cash distributions to investors are expected to commence in 12–24 months. Individual storage facilities are expected to begin generating cash flow within 3 months after the acquisition of a storage facility or within 18 months after the development or retrofit of a storage facility.
On or before March 31 of the year following an investment in the Trust, Investors will be mailed a T3 – Statement of Trust Income Allocations and Designations from NationWide’s back office. Investors will receive a T3 for each year they own Trust units and receive cash distributions.
TAX REPORTING FOR THE 2017 TAX YEAR
Development Property Overview
The Trust will invest all the Available Funds in securities of the Partnership (as defined in the Offering Memorandum), which will in turn use the proceeds to acquire a 1.33 acre (57,934 sq. ft.) property located at 1485 West Trans-Canada Highway in Kamloops, British Columbia (the “Development Property”). The Partnership intends to develop and operate a combination self storage/car wash facility on the Development Property.
View Property Overview page.
The Ideal Investor
An investment in NationWide Self Storage Trust represents an excellent opportunity for investors who are:
- seeking income;
- overweight in cash positions and waiting for the right opportunity to invest;
- seeking a solid investment in a tangible hard asset;
- looking to generate long-term capital appreciation; and
- wanting less exposure to stock market volatility.
The Trust is offered via Offering Memorandum to eligible investors only. Please contact your investment dealer for further information or email@example.com
Using Strategy Two, the Trust has elected to develop a combination storage/car wash property for this trust offering. Below is the estimated timeline for the development:
- Strategy 1
- Strategy 2
- Alternative Strategy
Develop New Storage Properties
Acquire land and commence construction
Open storage properties and market to fill units followed by cash flow
Refinance with long-term debt at a maximum loan to value of 65%
Position for maximum targeted sale price and investor liquidity
Frequently Asked Questions
When will monthly cash distributions commence?
Cash distributions to investors are estimated to commence within 12-24 months of closing, however cash distributions may commence within 3 months after acquisitions of an already existing storage facility or within 18 months after the development or retrofit of a warehouse into a self storage facility.
How and when do investors receive their tax slips?
On or before March 31 of the year following an investment in the Trust, investors will be mailed a T3 – Statement of Trust Income Allocations and Designations from NationWide’s back office. Investors will receive a T3 for each year they own Trust units.
When will the liquidity event take place and what will investors receive at that time?
Liquidity event is expected to occur within approximately 5 to 7 years. It is anticipated that investors will receive cash or shares of a publicly traded company, but the terms and timing of a liquidity event (if any) will depend on opportunities available at the time.
This is not a formal offering document. Prospective purchasers of this investment opportunity will be provided with a formal offering memorandum dated January 25, 2018 (the “Offering Memorandum”) and will need to be qualified for investment prior to making any investment. No person has been authorized to give any information or to make any representation not contained in the Offering Memorandum. No securities regulatory authority or regulator has assessed the merits of the proposed offering or reviewed the Offering Memorandum. and will need to be qualified for investment prior to making any investment. No person has been authorized to give any information or to make any representation not contained in the Offering Memorandum. No securities regulatory authority or regulator has assessed the merits of the proposed offering or reviewed the Offering Memorandum.
This investment opportunity is speculative and involves a high degree of risk. There is a risk that an y investment made will be lost entirely or in part. Only prospective investors who do not require immediate liquidity of their investment and who can afford the loss of their entire investment should consider this investment.