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NationWide IV Self Storage & Auto Wash Trust
Trust Overview
Current Status: Trust Offering Closed, Facility Under Construction
The NationWide IV Self Storage & Auto Wash Trust (the “Trust”) investment offering is now closed. The state-of-the-art self-storage and auto wash facility commenced construction in August 2021 and is expected to open on or about Q2 2023.
Please visit our Property Overview tab above or our posted Investor Updates for further details on development to date.
Income Trust Details
The Trust is 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.
| Fund Facts | ||
|---|---|---|
| Current Trust Unit Value: | $105 per Trust Unit | |
| Fund Type: | Income Trust | |
| Sector Focus: | Self Storage Commercial Real Estate | |
| Inception Date: | June 3, 2019 | |
| Offering Closed: | November 30, 2020 | |
| Offering Size: | $26,000000 | |
| Estimated Liquidity: | 5—7 years | |
| FundSERV Codes: | Class A CDO NW041 / Class F CDO NW042 | |
Cash Distributions
Monthly cash distributions to investors generally start 18-24 months from the closing of an offering and is dependent on the opening and the occupancy levels of the facility.
This facility is still in the development phase.
Please visit our Property Overview tab above or our posted Investor Updates 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 Cash Distributions are paid out to Investors.
When T3 Tax Slips are available they will be mailed out from NationWide’s back office to the investors on or before March 31st.
For status of Cash Distributions, please visit the Cash Distributions tab above for the offering to which you invested in and be sure to review the Investor Updates for this Trust Offering.
DISCLAIMER
This is not a formal offering document. Prospective purchasers of this investment opportunity were provided with a formal Offering Memorandum and needed 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.
Investor Updates
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.