We are pleased to provide you with an update on our NationWide Self Storage (NWSS-II) property located at 2055 Boundary, BC (the ‘Boundary Property’).

BUILDING PERMIT GRANTED
As previously announced in early June the City of Vancouver (“COV”) granted us both our building and development permits for the construction of a self storage and car wash combination facility.  With this Building Permit in hand, we can now proceed to request and evaluate the tenders for the construction contract.

BUILDING CONTRACTOR SELECTION
BTY Group our project managers have already short listed the building contractors that have been invited to bid on the construction based on prior experience constructing buildings of similar nature. Of course only experienced and proven contractors with excellent reputations have been invited to bid. The final date for bid submission was July 31, 2020.

BTY Group has also commenced preparation of the proposed fixed price construction contract. Once we complete the bid reviews and any value engineering, we will award the fixed price contract to the winning bidder. We anticipate construction to commence in September and the timeline to be approximately 18 months to complete.

For the full update, click here.

This information is general in nature and does not constitute an offer to sell or an advertisement, solicitation, or recommendation to buy securities. Nothing on these pages constitutes investment, legal or tax advice, nor was it prepared in consideration of the investment objectives, financial situation, particular needs of any specific recipient. There can be no assurance that investments will perform as or be of the quality anticipated. There are risks associated with any investment.