League Assets Corp.

League Assets Corp.

November 12, 2009 20:21 ET

League Announces Condo Ownership Possible for Under $600 Monthly, with Little Money Down

VICTORIA, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2009) -

Media Contact: Karen Seidman

(202) 364-8134; media@league.ca

Affordable home ownership can again become a reality thanks to Canada's League Assets Corp. and its new Homestarter(TM) Program. Beginning today, League's new program facilitates a condominium unit purchase with monthly payments that are less than rent -- but with a down payment many of today's cash-strapped homebuyers can still afford.

"Through our new Homestarter(TM) Program, League helps prospective homebuyers reduce their down payment by as much as 50 percent," explains Adam Gant, founding partner of League -- the world's Intergenerational Wealth(TM) Institution. "This means with only $3,500 of your own money as down payment, you could own your own home for as little as $500 a month. That's less than most people's rent!"

Homestarter(TM) is League's way of helping to create as many new homeowners as possible, even in these challenging economic times. "We believe that only through real estate ownership can families truly begin to provide for themselves and future generations," says Gant. "Although historically low interest rates may have brightened the real estate picture for some, for others the dream of finally owning their own homes still lay out of reach simply because of too costly down payments. Today, I'm proud to announce that has changed."

League's first offering in conjunction with this new program is Wellington Suites, a 286-unit apartment complex in Hamilton, Ontario, which is now undergoing an extensive renovation and condominium conversion. Purchasers of Wellington Suites may also be eligible for participation in the Homestarter(TM) Program, which could enable qualified buyers to finally own their own home sooner rather than later. Wellington Suites are located at 125 Wellington Avenue N., in downtown Hamilton.

The Homestarter(TM) program is just one of the ways League helps individuals and families create Intergenerational Wealth(TM) -- a term trademarked by League to describe its philosophy and attendant services developed to create, protect and perpetuate wealth for its more than 1,700 Member-Partners. League achieves this through the provision of investment education and opportunity.

Through the provision of investment education and opportunity, League helps individuals and families create Intergenerational Wealth(TM) while contributing to the betterment of society.

Victoria, BC-based League Assets Corp. manages the IGW REIT, one of North America's fastest-growing private Real Estate Investment Trusts, comprising a portfolio of Canadian commercial, industrial, multi-family residential properties which, together with the other entities that League administers, has combined assets approaching $400 million. The IGW REIT exists to find, acquire, improve and manage real estate properties on behalf of its more than 1,700 Member-Partners. Combined with its other investment pools, League is currently managing and developing assets with approximate build-out values totalling $2 billion.

Download League's proprietary investment book, The Blue Book of Real Estate Syndication, and the Company Backgrounder booklet at www.league.ca.

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