Oct. 19, 2023

We are pleased to announce that, after a year and a half intensive search and due diligence, the Trust has invested the net proceeds into an ownership position in NationWide II Self Storage and Auto Wash Trust, Boundary Road (“Boundary”).

Background
The Trust was established as a blind pool with a mandate to invest its capital into a self storage or car wash or combination of the two. Its first closing was held at the end of February 2022.

Over the past year and a half, the Trust reviewed and evaluated over 45 investment opportunities. Many of the potential investments required more than $50mm of equity capital to consummate, which in the current fiscal environment was viewed as being too risky. Other opportunities that appeared promising were too small and deemed non-viable due to lack of scale.

Ultimately, an investment into Boundary checked all the boxes and provides investors
exactly what we originally set out to do, except without the 3-5 year time frame and risk
(interest rates, construction costs, permitting and delays, etc.) associated with a full scale
construction and development project.
(Read more…)

To download the complete review and update, click here.

DON’T MISS OUR UPDATES

Please 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 our Investor Updates.

THE ABOVE INFORMATION IS SPECIFIC TO NATIONWIDE II SELF STORAGE & AUTO WASH TRUST AND ITS PROPERTY AT 3680 EAST 4TH AVE OFF BOUNDARY ROAD, VANCOUVER, BC.  

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.