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NationWide I Self Storage Trust

1223 East Pender St. Vancouver, BC | Property Overview | Location Map

NationWide I Self Storage Trust is now closed.


INCOME TRUST DETAILS

NationWide I Self Storage Trust (the Trust) was structured to 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
FundSERV Codes
Class A CDO NW001 / Class F CDO NW002

Monthly cash distributions to investors generally start 18-24 months from the closing of an offering and is dependent on the opening of the facility.

NationWide Self Storage Trust – East Pender Status Update
The East Pender development property received their build permit and is still under construction with an estimated completion date of Q2 2019.

T3 Statement of Trust Income Allocation (T3 Tax Slips) are sent out on or before March 31st in the years that Trust Income (Cash Distributions) is paid out to Investors.

T3 Tax Slips are mailed out from NationWide’s back office to the investors.

For status of Cash Distributions, please visit the Cash Distributions tab for the offering to which you invested in.

TAX REPORTING FOR THE 2018 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.

Visit our 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.