League Assets Corp.

League Assets Corp.

April 28, 2009 09:15 ET

League Assets Corp. Considers New Residential REIT

VICTORIA, BRITISH COLUMBIA--(Marketwire - April 28, 2009) - League Assets Corp. (www.league.ca) announced the launch today of its IGW Residential Capital Limited Partnership (IGW ResCap LP), providing an opportunity for qualified investors to enter the burgeoning multi-tenant residential real estate market.

The fund has invested in one residential apartment in Vegreville, AB, and expects to acquire two others in Hamilton, ON.

"We believe that all three properties offer significant unrealized value that can best be captured by undergoing substantial renovations and converting the rental buildings into individual condominiums," said League Co-Founder, Adam Gant. Two of the properties have already received permission for condominium conversion.

Mr. Gant said the fact that the investment is not listed on the stock exchange, and its initial private LP unit price of $1.00, makes it a very attractive investment, especially at a time when public markets are characterized by major volatility. He also believes that many home buyers may be attracted to the condominiums by a combination of low market prices and historically low interest rates.

Eventually, said Mr. Gant, League hopes to fold the ResCap LP into a Real Estate Investment Trust (REIT) structure, following in the footsteps of its highly successful IGW REIT - a private REIT, which holds a number of commercial properties. As of its most recent quarterly revaluation on February 1, 2009, the annual return for the preceding 12 months was 14.04%, which included cash distributions plus an increase in its Pricing Net Asset Value.

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 1,400 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 and Company Backgrounder. 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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