Nationwide Auto Wash Trust
Raise of up to $4,000,000

The Opportunity

Accredited Investors have the limited opportunity to subscribe at pre-development pricing, in a fully completed and operational modern Car wash Tunnel. The risks around financing, permitting, and construction have been mitigated at this stage of the project. An independent 3rd party valuation  has just been completed and their valuation estimate is approximately $25M. This would equate to an approximate unit value of $142 - $145 per unit (offering is at $105 per unit). Investors will benefit from the capital appreciation achieved through the development process, while subscribing at pre-development unit pricing.

NationWide is utilizing this opportunity to reduce the cost of capital given the current interest rate environment. A 7.07% preferred base return is accretive to all investors versus 12% debt financing. Loan to value ratio’s are very conservative and the project metrics remain strong. The reduction of the cost of capital is a benefit to all investors, reducing financing cost, and ultimately accelerating the cash distribution process. Nationwide is using this debt reduction opportunity to further strengthen the investment opportunity on behalf of all investors. The investment is backed by urban industrial real estate in a prime location.

Offering Summary:

ISSUER: NationWide Express Auto Wash Trust (the “Trust”)

MAXIMUM OFFERING SIZE: $4,000,000 (38,095 Trust Units)

SECURITIES OFFERED: Participating Preferred Class A trust units (the “Trust Units”)

PRICE PER SECURITY: $105 per Trust Unit

INVESTMENT OBJECTIVES: The investment objective of the Trust is to provide Holders of Participating Preferred Trust Units ("Trust Units") with:

+ three components to an investment return:

1. a preferred base return via cash distributions of 7.07%;

2. up to 70% participation in the returns exceeding an annualized preferred base rate return of 7.07%, paid monthly and in arrears; and

3. capital appreciation on disposition of the Development Property;

+ tax advantaged monthly income distributions, as a portion of the distributions will be taxed as a return of capital; and

+ an investment backed by urban industrial real estate through the Trust’s ownership of the Partnership. 

Investment Highlights:

• Construction of the Coquitlam site has completed and the car wash is now open and operating 7 days a week between the hours of 10 am and 6 pm.

• Grand opening charity event is planned for the week of Saturday, May 4 - Saturday, May 11, 2024 from 10 am to 6 pm, where consumers can receive car washes by donation with all proceeds going to Greater Vancouver Food Services.

• Coquitlam site lot shape provides approximately 300 feet of car wash frontage along Lougheed highway.

• Strong population and traffic growth as well as commuter demographics support the development of the car wash facility.

• Revenue will be generated through multiple sources on site. There will be membership programs, corporate/fleet wash programs, as well as vacuum revenue, matt cleaning, and car detailing supply sales which will all add to the revenue base.

• The car wash facility offers an environmentally friendly solution to car washes (including 100% water recycling and rainwater harvesting technology), an important component in today’s marketplace.

• In-house management offers best of class operational excellence as well as the best possible customer service, marketing, training and development.

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Epiphany Legacy Investment Mutual Fund Trust
(“Legacy” or the “Trust”)

MAXIMUM OFFERING SIZE: $50,000,000

SECURITIES OFFERED: Participating Preferred Class A trust units (the “Trust Units”)

PRICE PER SECURITY:

• SOLD OUT: $4.50 per Trust Unit for up to 1,933,255 Trust Units ($10,000,000)

• CURRENTLY SELLING: $4.75 per Trust Unit for up to 2,105,263 Trust Units ($10,000,000)

• $5.00 per Trust Unit for the next 21,739 Trust Units ($2,500,000)

INVESTMENT RETURN:

• SOLD OUT: $4.50 Trust Unit:   8.6% return

• CURRENTLY SELLING: $4.75 Trust Unit:    8.2% return

• $5.00 Trust Unit:    7.8% return

ELIGIBILITY: The Trust Units are eligible for all non-registered and registered (RRSP, RRIF, RESP and TFSA) accounts.

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Cetana Real Estate Investment Trust
(“Cetana REIT” or the “Trust”)

MAXIMUM OFFERING SIZE: Open Ended

SECURITIES OFFERED: Class A Units of Cetana REIT (the “Units”)

PRICE PER SECURITY: Currently $100, or such other price as determined by the trustees of Cetana REIT from time to time

INVESTMENT RETURN: 8% return, plus 75% of the upside over 8% to the investors. Initial distribution will be 6% per annum paid monthly and classified as return of capital.  Once property is operating and profitable, distributions will increase to 8% per annum payable monthly. Upon a liquidity event, remaining principal and accrued interest will be returned plus pro rata share of 75% of the profit. 

DISTRIBUTIONS: 6% annual distribution paid monthly (0.5% per month)

MINIMUM SUBSCRIPTION: $1,000

REDEMPTION: Monthly, as of the last business day of each month subject to certain conditions and restrictions.

ELIGIBILITY: The Units are eligible for all non-registered and registered (RRSP, RRIF, RESP and TFSA) accounts.

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