NationWide IV Self Storage & Auto Wash Trust
The NationWide IV Self Storage & Auto Wash Trust offering is now closed.
INCOME TRUST DETAILS
NationWide IV Self Storage & Auto Wash Trust (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.
|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|
|Estimated Liquidity:||5—7 years|
|FundSERV Codes:||Class A CDO NW041 / Class F CDO NW042|
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 IV Self Storage & Auto Wash Trust – Surrey Status Update
The NationWide IV Self Storage & Auto Wash investment offering is currently open.
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 has purchased the property located in 2337 King George Blvd and will develop this property into a combination self storage/car wash facility. Offering easy access off King George Blvd and 24 Ave intersection, this South Surrey White Rock property is near upcoming neighborhood developments occurring in the region and is only minutes away from one of the largest retail corridors in the Lower Mainland.
Using Strategy Two, the Trust has elected to develop a combination storage/car wash property for this trust offering. Below is the estimated timeline for the development:
- Strategy 1
- Strategy 2
- Alternative Strategy
Develop New Storage Properties
Acquire land and commence construction
Open storage properties and market to fill units followed by cash flow
Refinance with long-term debt at a maximum loan to value of 65%
Position for maximum targeted sale price and investor liquidity
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.
This is not a formal offering document. Prospective purchasers of this investment opportunity will be provided with a formal offering memorandum dated June 3, 2019 (the “Offering Memorandum”) 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 Offering Memorandum. No securities regulatory authority or regulator has assessed the merits of the proposed offering or reviewed the Offering Memorandum. 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 Offering Memorandum. No securities regulatory authority or regulator has assessed the merits of the proposed offering or reviewed the Offering Memorandum.
This investment opportunity is speculative and involves a high degree of risk. There is a risk that an y 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.