About
League Assets Corp. manages the IGW Real Estate Investment Trust (the "IGW REIT"), one of North America's fastest growing private Real Estate Investment Trusts, comprising a portfolio of Canadian commercial and residential properties with combined assets approaching $300 million.
The Trust exists to find, acquire, improve, and manage profitable real estate properties across the country, 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 1700 Member-Partners, 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 help improve the quality of the lives of others.
League pursues a twofold strategy in the sphere of real estate syndication:
Our first priority is to manage our property portfolio in an optimal manner. Secondly, we concentrate on improving the portfolio by undertaking selective property acquisitions and disposals, and by developing new opportunities-including construction of new buildings as well as the renovation of older ones, and improving financing structures and lease agreements.
Order the Blue Book to learn more about our strategies on real estate syndication.
Because League's mission is to effect long-term change in the world-not just short-term change in your pocket- we adhere to a long list of ethical commitments:
Ethical responsibility
First and foremost is Our Credo. Its principles assure accountability to our Member-Partners and the communities in which we operate-not just legally, but morally and ethically. These principles - together with our employee and director Codes of Conduct - guide every aspect of our conduct every day. And they always will.
The 17th tenet of Our Credo states: "We believe that as leaders in the investment community we must operate our business affairs with transparency, and in the light of accurate knowledge." The 18th tenet states: "We believe that along with a foundation of unshakable trust and accurate data, strong Member-Partnerships require ongoing up-to-date information and education."
To fulfill these directives, we provide prospective Member-Partners with our Blue Book of Real Estate Syndication, comprehensive Investment Primers1, and the IGW REIT's Offering Memorandum.2 The latter contains nearly 200 pages of specific investments disclosure and annual audited and quarterly unaudited financial statements.
Investment Guarantee
The League Investment Guarantee means your interests are always aligned with ours. When you invest with League you can be assured that we'll work hard to create additional value for you because it is in our own best interest to do so. We call this the Principle of Positive-Interdependence. You might think of it as
The Golden Rule with an entrepreneurial twist. It's one of the many things that makes us different.
Assurance and Insurance
We all know that certain investment managers have recently been found or suspected to have carried out fraud on a massive scale, causing pain and suffering to families and charitable organizations that entrusted their investments to them. Such actions show what happens when greed takes control. League's insurance broker, Aon Reed Stenhouse3-a global presence in the industry-provided us with a $10,000,000 Executive Liability policy assuring that Member-Partners are protected against wrongful acts committed by, or at the direction of League's executives; and a $5,000,000 Employee Fidelity policy, which protects investors from acts of fraud by League staff members.4
So while Member-Partners have always been protected by federal and provincial security regulations, they are now additionally protected by these new insurance policies.
Transparency
Keeping Member-Partners informed is very important to us.5 Proof of our commitment to transparency-as set out in 17th, 18th and 19th tenets of Our Credo-can be found in our Updates section. Take note of the extent to which we keep everyone informed. We pride ourselves in our communications and transparency policies, and we think you'll be hard-pressed to find any that rival ours.
Accountability
Especially in times such as these when so many financial leaders have been "weighed in the balance and found wanting", we're proud to lead the way by publicly measuring our private performance. To our knowledge, League is a leader in at least two respects: first, no other private REIT conducts quarterly unit revaluations; and second, no other conducts independent semiannual total portfolio reappraisals.6 Thus Member-Partners are always assured that their investments are continually and independently priced.
Member Service Oath
In our recent Members' Satisfaction Survey, 91% of respondents said they would confidently recommend League to others. This speaks volumes about our commitment to Member Service, but is not really surprising considering we're Member-Partners ourselves!
We invite you to put us to the test. See for yourself that we do what we say we'll do. Give us a call. You'll never have to plead for attention. And if you ever feel we've made a mistake, just let us know (politely, please) and we'll adhere to the 2nd tenet of Our Credo: "When mistakes are made we will acknowledge them openly, correct them immediately, and look upon each as an opportunity to gain valuable lessons from the experience."
Professional Personnel
A visit to the Contact section and a review of the monthly updates is a testament to our commitment to working only with the best and brightest professionals. With some 1,700 Member-Partners to date, and more joining every week, we will continually add personnel and invest in equipment and systems to ensure that League sets the standard for investment management, communications and member services.
Social Responsibility
League Charitable Foundation is a newly formed philanthropic arm of League Assets. Its objective is to tackle homelessness and poverty-at home and around the world. To do so, the Foundation promotes economic justice - which includes equal access to education and capital, as well as the basic needs of food, clothing, shelter, and medicine, free of racial, political, gender or religious discrimination. These are the same principles that guide all of League's investment activities.
League also invites its Member-Partners to make use of the Foundation's "fee-free" donor advised giving and investing. Administration services for the Foundation are provided by League, so there are no overhead costs. Thus the full amount of a Member-Partner's donation is directed to their organization of choice.
Intergenerational Wealth™
We hope you'll join us and learn for yourself that we at League are committed to your success and to supporting you in creating Intergenerational Wealth™ for your family. If you want to know why it's important to us, the 13th tenet of Our Credo says it best:
We believe that with each investment we initiate and each new Member-Partner that we help to achieve Intergenerational Wealth, we add strength to the fabric of our free society. Through such proliferation of enduring familial wealth-of values, traditions and capital-society as a whole may be improved as future generations of our families are afforded the freedom to devote their time and unique talents to vocations or pursuits that they enjoy, provide personal fulfillment, and through which they may contribute to the betterment of humanity; and finally, take it upon themselves to purposefully train up their children and grand-children to do the same.
If you have questions or wish to subscribe to any League investment, please email our Member Services Manager or call 1-877-772-8836. He or she will take good care of you. If ever you need anything, all you need do is ask. That's what we're here for.
1 Investment Overviews are made available in the Members Area
2 To express an interest in the IGW REIT and receive your copy of the Offering Documents, please complete and return this form: http://league.ca/pdf/IGW-REIT-NOI.pdf
3 League's insurance broker, Aon Reed Stenhouse, is a leading insurance broker with offices worldwide. Visit http://www.aon.com/canada/ for their company background.
4 Read more about these policies here: http://www.league.ca/updates/insurance.html
5 See the 17th, 18th, and 19th tenets of Our Credo in The Blue Book of Real Estate Syndication, or visit: http://www.league.ca/about/our-guarantee
6 For more information, see: http://www.league.ca/updates/independent-revaluation.html
"Learn. Earn. Live. Give.", are the four basic precepts upon which League built its philosophy of Intergenerational Wealth™ creation, preservation and perpetuation:
Precept One: Learn
League believes investors must have the ability to make wise decisions on their own. This means learning how to discern an investment's potential for risk and reward-without "help" from commissioned investment brokers or for-fee advisors.
That's why League provides educational material and professional support resources: so its Member-Partners can be completely self-reliant.
We believe that when all the facts are presented clearly and concisely, you can make an informed decision and become your family's own advisor. Thus equipped, you can then train your children and grandchildren to perpetuate the family's Intergenerational Wealth™-of values and traditions, as well as assets.
When you invest with League, you know that the people investing alongside you-your fellow Member-Partners-know what you know. They're like-minded and have the same expectations as you. In times of economic uncertainty, they won't be swayed by rhetoric. Instead, each individual's own critical thinking skills will protect them from seductive promises or scare tactics, which ultimately protects the group from the volatility that stems from investor uncertainty. And that's good for everyone.
Precept Two: Earn
The best place to grow your nest-egg is where the people who create and manage the investment will benefit most when the value of your investment increases. We call this the principle of Positive Interdependence. It's the "Golden Rule" with an entrepreneurial twist: what's good for you is good for League, and vise versa.
League's "Investment Guarantee" (which you'll read more about in the Blue Book), was founded on this principle. It means that League prospers when its Member-Partners do. League takes no up-front ownership in or cash flow from the properties we purchase and manage for the group. Instead, we share in a portion of the increase in value we create by our improvements to, and management of, the investments.
This keeps us focused on doing what it takes to continually increase your investment's value. It also means we stay focused on acquiring only properties whose value we believe we can significantly increase through our expertise and efforts.
Since our fortunes are inextricably linked to yours, we can't afford to take unnecessary risks. And since our founders and staff invest along side you in League's various investment pools, we put our money-and our reputation-where our mouth is.
Precept Three: Live
We believe the best retirement nest egg is one you can nibble on along the way if you want to. We want our Member-Partners to live financially independent lives, full of opportunity and possibility-even before they retire.
That's why League offers investments with the potential to appreciate in value, or provide income, or both. Such investments are intended to help you make the most of your present and your future.
Ultimately, it all amounts to having more choices when it comes to the use of your investment proceeds. Whether you choose to live off your investment income now or reinvest it for maximum growth, League's investments are intended to help you make the most of your life.
Precept Four: Give
League's chief aim is the creation and perpetuation of wealth across generations of our Member-Partners' families. Everything we do is a means to this end either directly or, owing to the principle of Positive Interdependence, indirectly.
We believe that it is only by reaching past our own lifetimes to improve the lives of those who come after us that we can make our financial goals truly meaningful-and make the world a better place in the process. One's life becomes one's legacy.
The 13th tenet of Our Credo explains it this way:
We believe that with each investment we initiate and each new Member-Partner that we help to achieve Intergenerational Wealth, we add strength to the fabric of our free society. Through such proliferation of enduring familial wealth-of values, traditions and capital-society as a whole may be improved as future generations of our families are afforded the freedom to devote their time and unique talents to vocations or pursuits that they enjoy, provide personal fulfillment, and through which they may contribute to the betterment of humanity; and finally, take it upon themselves to purposefully train up their children and grand-children to do the same.
Thus, to achieve its mission League is counting on what its Member-Partners are able to effect as a result of the increased quality of life afforded them by League's provision of Intergenerational Wealth™ and its attendant philosophies and values.
Leading by Example
League has committed to donating 5% of its net profit annually (see below). In accordance with the 22nd tenet of Our Credo, "We will continually invest a portion of our time, our expertise, and our capital in the improvement of human civilization by partnering with select individuals and organizations whose vision and values align with our own, whose financial motives and practices are sound, and whose mission is to sustainably improve the quality of human life. In so doing, we will encourage and empower our Member-Partners to do the same."
League's grants will be made to organizations that focus on poverty, economic injustice, homelessness and affordable housing-such as Absolute Leadership (absolute.org) and the Greater Victoria Housing Society (www.greatervichousing.org/donors.html). And since we believe the greatest effect one can have on one's own life is affecting the lives of others through giving-not just of material wealth, but of oneself as well-we will always empower and encourage our Member-Partners to do the same.
And that is the reason we have set up a charitable foundation.
The League Foundation
League Charitable Foundation operates as a donor-advised pool of funds to be dispersed to various philanthropic causes. In addition to League's own donations mentioned above, the foundation invites donations from Member-Partners, issues tax receipts, and forwards the funds to other charities as directed by the individual donors.
A donor-advised fund offers a flexible low-cost avenue for charitable giving as an alternative to direct giving or creating a private foundation. Donors enjoy administrative convenience and tax advantages by directing their donations through the fund. And because League donates the time of its staff, there are no administration fees, so 100% of donations go to work immediately.
Thus, through League, you'll learn more, earn more, live more and give more-all thanks to our desire to help you create Intergenerational Wealth™ for your family.
