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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 7% and 8% respectively. 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.

Completed Investment Opportunities

Member-Partners' Solar Energy LP - Fully Subscribed

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).

 

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

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

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