NationWide Self Storage &
Auto Wash Trust
NationWide Self Storage & Auto Wash Trust is now closed.
INCOME TRUST DETAILS
NationWide Self Storage & Auto Wash Trust (the “Trust”) was structured to provide provide holders of participating preferred trust units (“Trust Units”) with a robust source of tax-advantaged income paid monthly and the potential for annual special cash distributions, while preserving and growing the original capital investment.
|Current Trust Unit Value:||$100 per Trust Unit|
|Fund Type:||Income Trust|
|Sector Focus:||Self Storage Commercial Real Estate|
|Inception Date:||January 25, 2018|
|Offering Closed:||July 30, 2018|
|Estimated Liquidity:||5—7 years|
|FundSERV Codes:||Class A CDO NW031 / Class F CDO NW032|
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
Purchased Property Overview
The Trust has purchased the property located in 1500 Hugh Allan Drive and will develop this property into a combination self storage/car wash facility. The property offers excellent exposure off the Trans-Canada Highway and is approximately 5 kilometers from the downtown Kamloops core.
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.
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.