NationWide I Self Storage Trust
NationWide I Self Storage Trust is now closed. Click here to view our latest offering.
INCOME TRUST DETAILS
NationWide I Self Storage 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||$120 per Trust Unit as at April 2017 view PDF|
|Fund Type||Income Trust|
|Sector Focus||Self Storage Commercial Real Estate|
|Inception Date||June 1, 2016|
|Offering Closed||April 28, 2017|
|Total Amount Raised||$16,717,204|
|Estimated Liquidity||5—7 years|
||Class A CDO NW001 / Class F CDO NW002|
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 1223 East Pender St. Vancouver and will develop this property into a high profile, highly visible self storage facility. The property offers easy access off East Hastings Street, Clark Drive or Pender Street, and is a mere 2 kilometers from central downtown Vancouver.
View Property Overview page.
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.