The Kamloops Offering is Fully Subscribed and is Now Closed
We are very pleased to report that the NationWide Self Storage & Auto Wash Trust (“NationWide“) investment program for our development property in Kamloops, BC was well received by the capital markets and as such we are fully subscribed, and the offering is now closed.
Development Application Status
As previously reported, CTA Design Group (“CTA”) has been engaged by NationWide to provide both architectural and engineering services to the Kamloops property.
CTA is experienced in the self-storage industry having designed and engineered several institutional-grade, modern self storage facilities for an industry leader in Western Canada.
Over the past several months we have been working closely with CTA and they have recently reported that the City of Kamloops has requested that the property address be changed from 1485 West Trans-Canada Hwy to a more accurate 1500 Hugh Allan Drive.
CTA continues to monitor the progress of the application to the City of Kamloops for our development permit and building permit and we expect to receive approval within the next few weeks. We anticipate the commencement of construction early this fall with completion targeted for Summer 2019.
The previously existing building on the property has now been demolished and cleared as we wait for the issuance of our building permit.
Don’t Miss Our Updates!
We wish to thank you again for your support of this project and we look forward to providing you further updates upon receipt of any new material information or news.
Please view the Kamloops Property Overview page on our website for all relevant project details, latest investor updates, architectural drawings and/or building pictures as they come available.
Email info@nationwideselfstorage.ca to be added to our email list and be sure to add our email address to your contacts so you don’t miss an update.
Download the investor update to learn more about our upcoming Kamloops Property combination self storage/car wash facility.
The information provided is general in nature and is provided with the understanding that it may not be considered tax, legal, accounting or professional advice. There can be no assurance that investments will perform as forecasted or be of the quality anticipated. There are tax risks associated with an investment. The content of this page is for information only 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 or any specific recipient. Qualified investors should read the relevant Offering Memorandum carefully and consult with their tax and investment advisors before making an investment decision.