overview partnership information · 2020. 9. 3. · space capital partners i lp (the...

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MAKE SPACE CAPITAL PARTNERS PRESENTS: Make Space Capital Partners Fund An offering memorandum dated April 28th, 2020 (the "Offering Memorandum") containing important information relating to the securities described in this document (the "Securities") has or will be filed with the securities regulatory authorities in each of the jurisdictions where a distribution has occurred or will occur pursuant to the Offering Memorandum. A copy of the Offering Memorandum is required to be delivered to you at the same time or before you sign the agreement to purchase the Securities described in this document pursuant to the Offering Memorandum. This document does not provide disclosure of all information required for an investor to make an informed investment decision. Investors should read the Offering Memorandum of the Fund, especially the risk factors relating to the issuer and the Securities offered, before making an investment decision. Management has over 15 years of experience running and growing storage investments. Storage properties offer multiple streams of revenue. Fixed, portable and flex (on demand inventory) storage. Demand for storage stays strong during recessionary economic times. * The Make Space Advantage Overview Make Space Capital Partners (the "Fund") was established with the objective of investing, indirectly through Make Space Capital Partners I LP (the "Partnership"), in storage investments, which is expected to primarily consist of self- storage properties, containerized storage, industrial storage or related assets (including lockers, parking spaces, boat shelters, mobile containers and warehousing) located in Canada (the "Storage Investments"). The Partnership's investment objective is to build a portfolio of 15 to 20 stabilized, profitable Storage Investments with storage space in excess of 1 million sq ft and 7,000+ units that generates sufficient cash flow to enable the Fund to provide quarterly distributions to its unit holders and that will appreciate over the term of the Partnership. Partnership Information Management Team Advisory Team Vaughan Kooyman Founder Terry Thomas CEO Danny Freedman Owner Reid Carter Independent Director Joe Freedman Chairman of the Board See Offering Memorandum for detailed Management Team Information The Partnership may source its acquisition of Storage Investments from the development pipeline of Make Space Inc. (2) Over $7,000,000 raised in the first 10 months of operation. Management maintains a current stake at the Partnership. Opportunity for capital appreciation. Seeking a total target return of a 12% to 15% on exit (1) . Multiple exit options available. Current properties in the partnership are stabilized and profitable. Continuing capital raise to acquire additional properties. (2) * based on www.reit.com/data-research/reit-indexes/annual-index-values- returns and www.sparefoot.com/self-storage/news/8516-understanding-what- makes-self-storage-facilities-a-recession-resistant-investment/ makespacecapital.com [email protected] (877) 216-2510

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Page 1: Overview Partnership Information · 2020. 9. 3. · Space Capital Partners I LP (the "Partnership"), in storage investments, which is expected to primarily consist of self-storage

MAKE SPACE CAPITAL PARTNERS PRESENTS:Make Space Capital Partners Fund

An offering memorandum dated April 28th, 2020 (the "Offering Memorandum") containing important information relating to the securities described in this document (the "Securities") has or will be filed with the securities regulatory authorities in each of the jurisdictions where a distribution has occurred or will occur pursuant to the Offering Memorandum. A copy of the Offering Memorandum is required to be delivered to you at the same time or before you sign the agreement to purchase the Securities described in this document pursuant to the Offering Memorandum. This document does not provide disclosure of all information required for an investor to make an informed investment decision. Investors should read the Offering Memorandum of the Fund, especially the risk factors relating to the issuer and the Securities offered, before making an investment decision.

• Management has over 15 years of experiencerunning and growing storage investments.

• Storage properties offer multiple streams ofrevenue. Fixed, portable and flex (on demandinventory) storage.

• Demand for storage stays strong duringrecessionary economic times.*

The Make Space Advantage

Overview

Make Space Capital Partners (the "Fund") was established with the objective of investing, indirectly through Make Space Capital Partners I LP (the "Partnership"), in storage investments, which is expected to primarily consist of self-storage properties, containerized storage, industrial storage or related assets (including lockers, parking spaces, boat shelters, mobile containers and warehousing) located in Canada (the "Storage Investments").

The Partnership's investment objective is to build a portfolio of 15 to 20 stabilized, profitable Storage Investments with storage space in excess of 1 million sq ft and 7,000+ units that generates sufficient cash flow to enable the Fund to provide quarterly distributions to its unit holders and that will appreciate over the term of the Partnership.

Partnership Information

Management Team Advisory Team

Vaughan Kooyman Founder

Terry ThomasCEO

Danny Freedman Owner

Reid CarterIndependent Director

Joe Freedman Chairman of the Board

See Offering Memorandum for detailed Management Team Information

• The Partnership may source its acquisition of StorageInvestments from the development pipeline of MakeSpace Inc.(2)

• Over $7,000,000 raised in the first 10 months ofoperation.

• Management maintains a current stake at the Partnership.• Opportunity for capital appreciation. Seeking a total

target return of a 12% to 15% on exit(1). Multiple exitoptions available.

• Current properties in the partnership are stabilized andprofitable.

• Continuing capital raise to acquire additional properties.(2)* based on www.reit.com/data-research/reit-indexes/annual-index-values-returns and www.sparefoot.com/self-storage/news/8516-understanding-what-makes-self-storage-facilities-a-recession-resistant-investment/

makespacecapital.com • [email protected] • (877) 216-2510

Page 2: Overview Partnership Information · 2020. 9. 3. · Space Capital Partners I LP (the "Partnership"), in storage investments, which is expected to primarily consist of self-storage

Summary of the Offering

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About Make Space

Make Space Capital is the investment arm of Make Space Inc. – a British Columbia-based andCanadian owned self storagecompany.

Storage Investments:

• Currently has 3 locations(Winnipeg, Pender Harbour andPrince George) with a combined290,000+ sq ft and 1740 units.

Pender Harbour

Winnipeg

Investment Objective Income and Capital Appreciation

Quarterly Distribution Target Initial target of 6% per annum(1)

Unit Price Tranches 2, 3 and 4: $10.00 as of the date of the Offering Memorandum and may increase at Make Space Inc.'s discretion, in its capacity as the manager of the Fund, based upon increases in the value of the Partnership's assets.

Maximum Offering Up to $30,000,000 in aggregate between the Fund and the Partnership as follows: Tranche 1: $3,000,000 – 85/15 split // Completed Tranche 2: $7,000,000 – 80/20 splitTranche 3: $10,000,000 – 75/25 splitTranche 4: $10,000,000 – 70/30 split

Term of the Partnership July 29, 2025 with the potential of two 12 month extensions

Fees Management Fee – 1.5% annually

DRIP Program & Incentives

Eligible holders of trust units can elect to receive their distributions (if any) reinvested in additional trust units of the same series. Investors who select the DRIP option will be locked-in for the first 3 years of their investment term. The price for trust units issued via the DRIP during the 3 year lock-in period will be 97% of the then issue price of the applicable series of trust units. After the 3-year lock-in period, the issuance price for trust units under the DRIP will be determined by Make Space Inc., the manager of the Fund.

Total Return Target 12 – 15%(1)

Prince George

Fixed Self-Storage · Portable Storage · Flex Storage

(1) Distributions are not guaranteed. The total return target includes quarterly cash di stributions as well as distributions upon disposition of the Storage Investments, before taxes. Individual investor returns vary from the total return target based on the timing of investment and the series of units purchased. The expectation, timing and payment of distributions and the total return target are based on various assumptions and subject to certain risks, including those risk factors identified in the Offering Memorandum.

(2) Statements relating to the Manager's ability to develop suitable Storage Investments for the Partnership to acquire, statements with respect to exit options available to the Partnership and the proposed acquisition of the three additional locations in Prince George are forward-looking information. These predictions are based on various assumptions and subject to certain risks, including those risk factors identified in the Offering Memorandum. Actual results may be materially different from those presented.

makespacecapital.com • [email protected] • (877) 216-2510