HIGHLIGHTS OF THIS LETTER:
Wednesday, December 03, 2008
Greetings Member-Partners,
I have an update on my update of two days ago:
Less than 24 hours following my last announcement, we received commitments for the remaining $800,000 for the Ottawa Office Building LP. This investment is now closed to further subscription.
Meanwhile, commitments for the Duncan LP have begun to pour in as well.
The first step for this Duncan shopping mall project is to complete the leasing of the main tenants, as well as those of other in-fill ones. Next, we will hire a contractor to build the various premises. And finally, as the income stream materializes from all the retail tenants, we plan to refinance or sell the whole project. This will create significant increased value for Member-Partners. Construction should be completed within one year and the investment is expected to generate at least a 20% annualized return.
Leasing for the Duncan redevelopment project is progressing ahead of schedule. All the major anchor tenants have signed on-a fact we'll use to our advantage when negotiating with other in-fill tenants.
At this time, less than $1.7 million remains to be subscribed to this LP. If you wish to subscribe, please call now to avoid disappointment.
The combined Investment Overview and Property Profile for the Duncan LP can be downloaded from this link: www.league.ca/summaries/duncanlp.pdf.
Please return a completed copy of the enclosed Notice of Interest form to reserve your subscription amount. As with all our LPs, this investment is on a first-come, first-served basis.
PLEASE NOTE: For the time being, this investment is available only to accredited investors, Alumni Members, or those wishing to invest more than $150,000.
If you have questions or require assistance comp, please call your Members' Services Manager at 1-877-772-8836 or send an email to info@league.ca.
If there is anything else you need, just ask. We're here to help.
Regards,
Emanuel.
Emanuel F. Arruda
Chairman & Co-Founder
League Assets Corp.
P.S. The following is an alternate link to our new ad that will begin appearing in the Globe and Mail next week. Some of you had downloading the file in my previous email. Take a look and let me know what you think.
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