NationWide I Self Storage Trust
NationWide I Self Storage Trust is now closed.
INCOME TRUST DETAILS
NationWide I Self Storage Trust (the Trust) was structured to provide holders of participating preferred trust units (Trust Units) with a robust source of tax-advantaged income paid monthly and the potential for annual special cash distributions, while preserving and growing the original capital investment.
|Current Trust Unit Value||$120 per Trust Unit as at April 2017 view PDF|
|Fund Type||Income Trust|
|Sector Focus||Self Storage Commercial Real Estate|
|Inception Date||June 1, 2016|
|Offering Closed||April 28, 2017|
|Total Amount Raised||$16,717,204|
|Estimated Liquidity||5—7 years|
||Class A CDO NW001 / Class F CDO NW002|
Monthly cash distributions to investors generally start 18-24 months from the closing of an offering and is dependent on the opening of the facility.
NationWide Self Storage Trust – East Pender Status Update
The East Pender development property received their build permit and is still under construction with an estimated completion date of Q2 2019.
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.
For status of Cash Distributions, please visit the Cash Distributions tab for the offering to which you invested in.
TAX REPORTING FOR THE 2018 TAX YEAR
Purchased Property Overview
The Trust purchased the properties located in 1223 East Pender St. Vancouver on April 19, 2017 and March 16, 2017 respectively, with the intent to develop the property into a high profile, highly visible self storage facility. The property offers easy access off East Hastings Street, Clark Drive or Pender Street, and is a mere 2 kilometers from central downtown Vancouver.
Visit our Property Overview page.
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.