November 1, 2007

Greetings Member-Partners,

I am pleased to announce that the unit value for League's IGW REIT has increased in the third quarter by 1.9 cents to a new value of $1.059 per unit. This puts us well on target to achieve the goals we set for the year.

The annualized returns include your cash distribution plus a 5.9% increase in the unit value to date.

As you know from our previous re-valuation, we consulted with officials at KPMG to confirm that our formula for calculating the new equity value was appropriate, and that it followed Canadian GAAP (Generally Accepted Accounting Principles).

Because the commencement dates for some new leases will not occur until later this year, the amount distributed per unit remains unchanged for now at 10.05 cents per unit per annum.

To review how the revaluations are performed, please review the Frequently Asked Questions section of the current Investment Overview at ww.league.ca/summaries/currentsummary.pdf.

All new subscriptions will be based on this new unit value - until the next re-valuation on  February 1st.

Reminder: Regular Quarterly Re-Valuations
New unit values are announced May 1, August 1, November 1, and February 1. This means you can expect to see regular increases in unit value on these dates (assuming there is at least one property to re-appraise each period). Prior to each re-valuation we will give advance notice so you can better time future investment purchases.

More BIG News Coming Soon!
Keep an eye on your inbox and mailbox!

Best regards,

Emanuel.

Emanuel Arruda
Chairman & Co-Founder
League Assets Corp.