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Principled Canadian Real Estate Investing and Development

Institutional quality investments and returns for individual investors within Real Estate Investment Trust (REIT) or Limited Partnership structures.*

Current Investment Opportunities

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Current Investment Opportunities

IGW REIT

The IGW REIT (Real Estate Investment Trust) the 10% IGW REIT Intro Units.

These units offer a price-protection feature, which you may find particularly comforting given the uncertainty in the public markets currently.

The Intro Units work like this:

For the first six-months, the IGW REIT Intro units begin as a special class of Income Priority units that earn 10% per annum. Six months later, at your option, they can either be converted to five- or seven-year Income Priority Units yielding 8% and 9% respectively (reminder that these IPU rates will be dropping on September 6, so please ensure that you get your subscription in for the 10% intro unit before then as any subscriptions afterwards will be subject to the lower rates). If you do nothing, they will automatically be converted to IGW REIT Class AAA units at their lowest value recorded during the previous six months. This last feature amounts to a price protection feature that ensures you get the most for your money, no matter what direction the value may turn during that six-month period.

Click here to learn more.
Living Forest One LP

Living Forest One Limited Partnership

Elkington Forest is a unique development site – a special conservation community that will fundamentally change how people live in and with forests. Homes will be surrounded by stunning natural beauty in park-like forests, with lake, ocean and mountain views. Yet there’s also convenient access to the urban amenities of Victoria and southern Vancouver Island and the feel of a traditional mixed-use village.

A total of 77 residential lots will be sold in three phases, with the final one projected to close in the first quarter of 2014. Class A Unit holders will receive their returns upon sale of property. LEAGUE Member-Partners participating in this limited partnership will earn 80% net ROI on the project’s first 25% of value increase. They will receive 60% net ROI on any percentage increase greater than 25%. Plus, due to LEAGUE Member-Partners’ purchasing power, a discounted price of $1.10 has been negotiated, compared to non-LEAGUE Member-Partners who
pay $1.30.

Click here to learn more.
Tsawwassen Retail

Tsawwassen Retail (LEAGUE Power Centre III)

Tsawwassen Retail Limited Partnership offers investors the opportunity to invest in the development of a 600,000-square-foot outdoor retail and mixed-use power centre. The shopping centre will be in an advantageous location, serving the nearby growing city of Richmond and traffic flowing from the Tsawwassen ferry terminal, which links the Lower Mainland to the southern part of Vancouver Island. The property is located on a major highway.

It is expected that investors will received an 8% return paid monthly, with a one-time 10% “kicker” when the property is sold or rolled into the IGW REIT. Distributions are to begin within 60 days following the subscription closing date.

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League Family Equity Fund

LEAGUE Family Equity Fund (LeaFE)

The LEAGUE Family Equity Fund (LeaFE) gives you an opportunity to invest in a fund that provides money to home buyers who have enough income but perhaps not enough money for a down payment. With LeaFe funding helping with the down payment, buyers can acquire homes sooner and with lower payments.

This makes LeaFE our potentially our most transformative investment offering as it could allow more Canadians than ever before to enter the residential real estate market.

Under LeaFe, when the property owner sells or refinances their property, any increase in equity -- occurring from either mortgage paydown or capital appreciation -- is shared equally between the property owner and LeaFE, after payment of a 5.5% Preferred Return on the proportionate share of equity contributed by each party. LeaFE provides the property owner with up to a seven-year term mortgage.

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Member-Partners' Solar Energy LP

The aim of this investment pool is to achieve long-term total returns consisting of regular,tax-efficient distributions. The limited partnership’s strategy is to invest in solar (PV) energy projects in Ontario using the feed-in-tariff (FIT) contracts issued by the Ontario government. These contracts provide provincially-backed guarantees to purchase energy at a pre-determined price over a 20-year term.

The primary exit strategy is to sell each contract individually (or as a pool) at the most opportunistic time. Until such time that the projects are sold, a provision for monthly distribution has been made for participating investors. Sixty days after the Limited Partnership reaches its minimum offering of $2,000,000 the Member-Partners Solar Energy Limited Partnership will pay monthly distributions of 9% (for Class A Shares).

For more information, click here.

Completed Investment Opportunities

Residences at Quadra LP logo

Residences at Quadra Villages LP -
Fully Subscribed

The Residences at Quadra Villages presents an opportunity to invest in the redevelopment of an existing apartment complex, centrally located in Victoria, British Columbia and to build an additional residential building on an unimproved portion of the property that is currently used for parking.

This investment offers the potential for both significant capital appreciation over a relatively short (18-36 month) timeframe when we expect to sell off the improved property to a third party at which time we may elect to sever the unimproved parking lot and roll it into a new development Limited Partnership that unitholders of the Residences at Quadra Village Limited Partnership would also automatically join as unitholders.

Westbrooke Retirement LP - Fully Subscribed

The Wesbrooke is a 113 - unit upscale seniors’ residence, designed to offer a mixture of Independent and Assisted living.

There has been a demonstrated level of interest from people who would both want to invest in the project and want to live in it, as well. While there are other similar facilities in neighboring municipalities, the Wesbrooke is the only one thus far within the boundaries of Pitt Meadows. There is a currently a waiting list of approximately 60 people for the facility: this has been confirmed twice.

Distributions of close to 9% annualized monthly are expected once the property is complete and at 95% occupied. This depends on how quickly we can rent out the suites; we expect this level of occupancy to take between six and seven months.

Duncan Mall - Fully Subscribed

Distinct from the properties in the IGW REIT pool. This investment opportunity is the redevelopment of the Duncan Mall on Vancouver Island, British Columbia. Location: Duncan, BC

  • Property Type: Shopping Centre.
  • Land Area: 11.40 Acres
  • Gross Leasable Area: 125,641 sq. ft.
  • Building Description: Good condition with normal wear and tear noted, but no evident deficiencies.

North Vernon - Fully Subscribed

LEAGUE has negotiated the purchase of the site for the North Vernon Retail Centre. It will be set up as a single property Limited Partnership, which means it will not be added to the REIT pool.
  • Location: Vernon, BC
  • Property Type: Single storey retail.
  • Land Area: Approximately 145,316 sq. ft.
  • Leasable Area: 41,600+ square feet of retail space.
  • Purchase Price: $3,600,000
  • Building Description: Mix of independent anchor and connected strip plaza with tilt up concrete, concrete building block and steel stud construction.

Cowichan District Financial Centre LP - Fully Subscribed

The property is a 40,000 sq.-ft., three-story office building located at 435 Trunk Rd. in Duncan, BC.

The goal of the project is to substantially renovate the building over a two-year period. We will work to replace tenants such as the Bank of Nova Scotia as their leases expire and attract new tenants to fill the vacant spaces. Ultimately, our exit strategy is to refinance the property and roll it over into the IGW REIT.

A development management services agreement with respect to the property will be entered into with an affiliate of Monterra Shopping Centres Ltd.


Eagle Landing - Fully Subscribed

The Eagle Landing Retail Centre in Chilliwack, BC is a part of a 50/50 joint venture with the current owner, the Squiala First Nation. As you know, our stated objective is to help our Member-Partners create Intergenerational Wealth™ for their families.

  • Location: Chilliwack, BC
  • Property Type: Bare land retail development site.
  • Land Area: 54.76 acres.
  • Leasable Area: 600,000+ sq. ft. of retail space.
  • Purchase Price: Grover Elliot Appraisals, Vancouver, BC
  • Building Description: The buildings will be class “A” commercial retail strip style design.

Some Recent Numbers

18.2%: 473 Albert Street LP, Ottawa ON (2008-2009)
16%: Londondale Shopping Centre, Edmonton, AB (2005-2009)
36.23%: IGW REIT Class A Units
15.33% SegDebt 1
12.22% SegDebt 2

Overview

LEAGUE currently is managing some $920 million in real estate assets, and is responsible for the financing of what are estimated to become $2 billion in assets on behalf of the families of more than 2,500 Member-Partners. The IGW REIT features an impressive track record of stable distributions: Since its inception in 2004, it never has missed a single one of its monthly payments.

In addition to the IGW REIT’s pool of properties, LEAGUE manages a number of single-property limited partnerships, including its flagship development in Victoria’s western communities, Colwood City Centre LP, a new urban hub on Vancouver Island.

Another groundbreaking project is Eagle Landing Retail Centre LP in Chilliwack, BC, a joint venture with the Squiala First Nation that may become the largest shopping and entertainment complex in British Columbia.

LEAGUE also recently broke new ground in a different area when it acquired an indirect interest in Charter Real Estate Investment Trust, a public REIT that has 10 retail properties in Ontario and Quebec. Additionally, through an affiliate company, an affiliate of LEAGUE has also entered into an asset management agreement with Charter.

A Closer Look

18.2% : 473 Albert Street Limited Partnership, Ottawa ON (2008-2009)
This limited partnership—an office building in uptown Ottawa—returned an annualized gain of 18.2% when it was rolled over into the IGW REIT.

16%: Londondale Shopping Centre, Edmonton, AB (2005-2009)
When this limited partnership was rolled over into the IGW REIT, it realized an annualized return of 16% over its four-year history.

36.23%: IGW REIT Class A units:
$100,000 of Class A units invested through the Distribution Reinvestment Program since February 2007 was worth $136,238.18 in April, 2010.

15.33% and 12.22%: SegDebt 1 and SegDebt 2
These are the respective performances of each since their inception in June 2009 and August 2009, up to May 2010