League Assets Corp

LEAGUE ASSETS CORP. CONSIDERS NEW RESIDENTIAL REIT

FOR IMMEDIATE RELEASE

Victoria, BC (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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About League Assets Corp.

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League: The World's Intergenerational Wealth™ Institution
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 and retail properties with combined assets approaching $300 million. The Trust exists to find, acquire, improve, and manage profitable real estate properties across the nation, and to offer shared ownership in these assets to other like-minded investors — referred to by League as its Member-Partners. Combined with its other investment pools, League is currently managing and developing assets with approximate build-out values totaling $2-Billion.

To date, League has partnered with the families of its more than 1,400 Members-primarily through shared ownership of its specially-selected real estate based investments. It is League's aim to
empower the families of its Member-Partners through the provision of Intergenerational Wealth™ so that they can improve the quality of their own lives and ultimately be able to contribute to improvement in the quality of the lives of others.

For more information, read The Blue Book of Real Estate Syndication

How to Join League
If you've already read the Blue Book. Just complete and return a Notice of Interest form (below) for either the IGW REIT, or one of League's other investment pools.

Once received, your Member Services Manager will send you the Investment Overview, along with the Offering Documents and Subscription form. These documents provide the disclosure you'll rely on to make your final investment decision, including the investment's structure, finances, risks, and rewards.

If you have any questions or need help understanding any of the material, your Member Services Manager is always available to help.

Download the Notice of interest form:

Where to get help:

Need help with your subscription or questions about an investment?
Call 1-877-772-8836 and ask to speak with a Member Services Administrator

Looking for status updates on our projects?
News and updates are released to all our members simultaneously and posted on our website as quickly as confirmed information is supplied.

To read the latest, visit: www.league.ca/updates

Other Information:

New unit values are announced May 1, August 1, November 1, and February 1.

The State of the Units Report is published quarterly in March, June, September and December on the Updates page of League's website. This includes detailed updates on ongoing activities at each property.

Distribution payments begin on the 21st day of the month following the day you invest. You need not wait until the next revaluation to subscribe and begin receiving your distribution payment.

Tax slips are issued for Limited Partnership and REIT unitholders by March 31st each year. Please note that electronic filing is not possible for Limited Partnerships less than one year old.

To review how the revaluations are performed, click here or review the Frequently Asked Questions section of the current Investment Overview available in the Members Area of League's website.