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NationWide II Self Storage & Auto Wash Trust

2055 Boundary Road, Vancouver, BC | Property Overview | Location Map

NationWide II Self Storage & Auto Wash Trust is now closed.

INCOME TRUST DETAILS

NationWide II 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.

Fund Facts
Current Trust Unit Value: $110 per Trust Unit
Fund Type: Income Trust
Sector Focus: Self Storage Commercial Real Estate
Inception Date: May 11, 2017
Offering Closed: April 30, 2019
Offering Size: $39,000,000
Estimated Liquidity: 5—7 years
FundSERV Codes: Class A CDO NW021 / Class F CDO NW022

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 II Self Storage & Auto Wash Trust – Boundary Status Update
The Boundary development property is close to receiving their development and build permit and is expected to begin construction in Q3/Q4 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 2055 Boundary Road and will develop this property into a combination self storage/car wash facility. Offering excellent exposure and access off Lougheed Highway this property is minutes away from major urban developments occurring in Metro Vancouver, including the upcoming Solo District, Gilmore Place and Amazing Brentwood.

View Property Overview page.

Investment Strategy

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

YEAR

1

Acquire land and commence construction

YEAR

2

Open storage properties and market to fill units followed by cash flow

YEAR

3+

Refinance with long-term debt at a maximum loan to value of 65%

YEAR

5+

Position for maximum targeted sale price and investor liquidity

Estimated Timeline

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.