League Assets Corp.

League Assets Corp.

May 01, 2009 19:41 ET

League Assets Corp. Announces Third-Party NAV Certification

VICTORIA, BRITISH COLUMBIA--(Marketwire - May 1, 2009) - League Assets Corp. (www.league.ca) has retained the services of Colliers International Realty Advisors to independently certify the Pricing Net Asset Value (NAV) of its private Real Estate Investment Trust, the IGW REIT.

Colliers International, a global real estate services firm with over 11,000 employees in 291 countries, will certify the value of the properties in League's "IGW REIT" semi-annually.

On a semi-annual basis, Colliers International will collect, analyze, and maintain all the valuation data on all the properties managed by League. In the case of the IGW REIT LP, it will use this data, in conjunction with interim management-prepared, and year end financial statements audited by KPMG, to determine the current Pricing Net Asset Value, and thereby the current Unit price of the "Class A" IGW REIT Units.

"This new strategic alliance is designed to further assure accountability, transparency and disclosure to current and future League Member-Partners," said Emanuel Arruda, Founding Partner. "We think League's is the first private REIT to perform quarterly revaluations as well as having independent professional valuators certify its unit valuation on a semi-annual basis."

"In doing this, we're sending a strong positive signal to both our Member-Partners and to the markets in general, that especially in this time of economic uncertainty, League stands by its credo: to be a leader, not a follower," said Mr. Arruda.

Later today - May 1 2009 - baring unforeseen delays due to the simultaneous completion of the audit and updating of the IGW REIT's Offering Memorandum, the revaluated NAV based on Colliers' analysis will be available on the "Updates" section of League's website: www.league.ca/updates. All new subscriptions will be based on the revaluated NAV until the next quarterly revaluation, August 1, 2009.

Victoria-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 with combined assets approaching $300 million. The Trust exists to find, acquire, improve, and manage profitable real estate properties on behalf of its 1,500 Member-Partners. Combined with its other investment pools, League is currently managing and developing assets with approximate build-out values totaling $2-Billion.

For more information, download The Blue Book of Real Estate Syndication, Company Backgrounder, Corporate Philanthropy Whitepaper, and Case Studies in Member-Partnership booklets. Or, contact Emanuel Arruda, Founding Partner at 1-877-772-8836 or by e-mail at info@league.ca. There are risks associated with any investment. Read the Offering Memorandum for requisite disclosure.

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