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NationWide VI Self Storage
and/or Auto Wash Trust
Trust Overview
NationWide is a unique real estate investment with objectives structured to provide monthly income; plus participation thereafter in all income and profits and the potential for long-term growth through the increasing value of real estate properties.
NationWide’s Income Trust offering programs are private market investments. Please reach out to your Exempt Market Dealing Representative for further information or contact NationWide Client Services at info@nationwideselfstorage.ca to be directed to an Exempt Market Dealer in your area.
Investment Objectives
The investment objective of NationWide Self Storage and/or Auto Wash Trust (the “Trust”) is to provide Holders of Participating Preferred Trust Units (“Trust Units”) with:
- three components to an investment return:
- a preferred base return of 8%, 7.20%, 6.857% or 6.545% based on a $90, $100, $105 and $110 Participating Preferred Trust Unit issue price, respectively;
- up to 70% participation in returns exceeding the preferred base target return; and
- capital appreciation on disposition of the Development Property;
- tax advantaged target monthly income distributions, as a portion of the distributions will be taxed as a return of capital;
- a source of cash flow in various economic environments;
- an investment backed by urban industrial real estate.
| Investment Terms | ||
|---|---|---|
| Issue Size: | $20,000,000 (maximum) | |
| Securities Offered: | CDO NW061 – Participating Preferred Class A trust units CDO NW062 – Participating Preferred Class F trust units |
|
| Price Per Security: | 1st Tranche: $90 per Trust Unit for 11,111 Units ($10,000,000); 2nd Tranche: $100 per Trust Unit for 50,000 Units ($5,000,000); 3rd Tranche: $105 per Trust Unit for 23,809 Units ($2,500,000); or 4th Tranche: $110 per Trust Unit for22,717 Units ($2,500,000). |
|
| Minimum Subscription: | $25,000. Additional subscriptions may be made in multiples of $1,000 in Units. | |
| Eligibility: | The Units are qualified investments for Registered Plans, which include RSPs, RIFs, DPSPs, RESPs, RDSPs and TFSAs. | |
Business of the Trust
The Trust has been formed for the purpose of indirectly investing in the acquisition, development and management of self storage, car wash, and/or combination self storage and car wash facilities in the North American marketplace.
Key target locations will be Vancouver’s Lower Mainland and Greater Victoria areas of British Columbia.
Please reach out to your Exempt Market Dealing Representative for further information or contact NationWide Client Services at info@nationwideselfstorage.ca to be directed to an Exempt Market Dealer in your area.
Investor Kit
NationWide VI Self Storage and/or Auto Wash Trust (the “Trust”) is currently at the blind pool offering stage and therefore does not currently own property nor does it have any properties under development at this time.
The Trust intends to raise capital and invest the Proceeds to carry on the business of acquiring, developing, and operating one or more self-storage and/or car wash facilities (dependant on the property location and size and market conditions at that time). The General Partner of this Trust expects that initially, the focus will be on property located in Canada (and in-particular British Columbia).
For further information please view the Offering Memorandum below or reach out to your personal Exempt Market Dealing Representative for further information or contact NationWide Client Services at info@nationwideselfstorage.ca to be directed to an Exempt Market Dealer in your area.
- Offering Memorandum as at June 1, 2022
- Executive Management Team
- Operations Management Team
Cash Distributions
Monthly cash distributions to investors generally start 18-24 months from the closing of an offering and is dependent on the property purchase, development of the property, then opening and occupancy levels of the facility.
Please visit our Property Overview tab above for further details on development to date.
Tax Reporting
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 on or before March 31st.
Please visit our Property Overview tab for further details on development to date.
DISCLAIMER
This is not a formal offering document. Prospective purchasers of this investment opportunity will be provided with a formal Offering Memorandum dated June 1, 2022 and will need to be qualified for investment prior to making any investment. No person has been authorized to give any information or to make any representation not contained in the formal Offering Memorandum. No securities regulatory authority or regulator has assessed the merits of the proposed offering or reviewed the formal Offering Memorandum.
This investment opportunity is speculative and involves a high degree of risk. There is a risk that any investment made will be lost entirely or in part. Only prospective investors who do not require immediate liquidity of their investment and who can afford the loss of their entire investment should consider this investment.
Frequently Asked Questions
When will monthly cash distributions commence?
Cash distributions to investors are estimated to commence approximately 12-30 months of the final investment 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 an existing warehouse into a self storage facility.
How and when do investors receive their tax slips?
On or before March 31 of the year following the announcement of cash distributions 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 9 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.