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CHARTER REIT IS NOW PARTNERS REIT

Tuesday, November 9, 2010

Dear Member-Partners and Friends,

Charter Real Estate Investment Trust has a new name: Partners Real Estate Investment Trust.

The new name reflects the company’s commitment to work with its partners – investors, lenders, tenants, service providers, and property managers – to build value over the long term.

You will remember that last summer the IGW REIT, through its subsidiary IGW Public Limited Partnership, purchased a controlling block in Charter REIT – now Partners REIT (TSX-V: CRH.UN), a publicly traded company with a portfolio of 10 retail properties in Ontario and Quebec.

This continues to be good news for the IGW REIT, due to its indirect 49.9% stake in Partners REIT. Should the property values of Partners REIT increase, the net asset value of the IGW REIT will also increase without any accompanying dilution to IGW REIT Member-Partners. And because the IGW REIT is privately held and third-party experts independently determine its unit value based on the Net Asset Value of the properties, the IGW REIT is not greatly influenced by variations in the stock price of the public company.

I look forward to bringing you news of further developments at Partners REIT in the near future.

Warmest regards,

Emanuel F. Arruda

Emanuel F. Arruda
Founding Partner
LEAGUE Group of Companies
LEAGUE Investment Services Inc.

This document is for information purposes only and is not an offer to sell or a solicitation of an offer to purchase securities. Only persons who satisfy an exemption from the prospectus and registration requirements may invest in this project. In general this means that you must either be an accredited investor or invest a minimum of $150,000.

There are risks associated with this investment, some of which are set out in the subscription agreement. You are encouraged to read such document, as well as the limited partnership agreement, before making your investment decision.


                                                                                                   
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About LEAGUE

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LEAGUE: Delivering Intergenerational Wealth™

LEAGUE Investment Services Inc. (LEAGUE) is a member of LEAGUE Financial Partners. LEAGUE commenced operations in September 2010 when it became an Exempt Market Dealer, registered in all Canadian jurisdictions across Canada. LEAGUE's mandate is to provide its 3,200 investor Member-Partners access to institutional style investments.

Founded in 2004, LEAGUE's sister company, LEAGUE Financial Partners, has rapidly evolved into one of Canada's fastest growing real estate asset managers with over $1 billion in assets under management. This includes the IGW REIT, a $300 million Real Estate Investment Trust, comprised of a portfolio of Canadian commercial, industrial and residential properties and the $265-million Partners REIT (TSX: PAR.UN), an open-end real estate investment trust focused on acquiring and managing a portfolio of retail and mixed-use retail community and neighbourhood centres. LEAGUE Financial Partners is also involved in a number of individual Limited Partnerships ranging from office buildings to Big Box retail power centres.

LEAGUE Financial Partners finds, acquires, improves and operates investment properties on behalf of LEAGUE's more than 3,200 Member-Partner investors. This continuing growth and the exceptional performance of LEAGUE's investments are directly attributable to the values LEAGUE espouses in its corporate credo. For we at LEAGUE hold in highest regard the qualities of honour, friendship, and co-operation with our Member-Partners in the pursuit of our common goals. LEAGUE also donates five per cent of its profits to philanthropic causes.

Everything you need to know about LEAGUE is right here: www.league.ca/about