We are pleased to provide investors with the following update on NationWide II Self Storage Trust (NationWide II).

Our capital raising efforts have gone well and we have raised approximately $12MM to-date. With this capital in hand, we are now in a solid position to acquire an excellent self-storage development site.

We have actively been writing offers for various sites and are confident that we will be able to acquire a high-profile site in the next few months. Once we have secured a site and have a development plan in place, we will provide investors with further updates.

The self storage industry continues to enjoy success as land prices and rents for storage lockers have continued to increase throughout 2017. We see no reason why this will change in the future as demand is currently outstripping supply and development of new condo’s is vastly outstripping new development of self storage lockers.

Should you have any questions please feel free to contact myself at hugh@nationwideselfstorage.ca or your dealing representative.

Sincerely,

Hugh Cartwright Chairman
NationWide II Self Storage Management Corp.