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INTRODUCING EAGLE LANDING RETAIL LP |
Thursday, July 16, 2009
Links:
- Conference Call recording [mp3]
- Investment Overview
- Subscription Agreement and Limited Partnership Agreement
Dear Member-Partners and friends,
We are pleased to introduce our latest Limited Partnership -- the Eagle Landing Retail Centre in Chilliwack, BC -- as 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. We believe this project has very good development potential as a stand-alone limited partnership -- one that is distinct and separate from the IGW REIT.
This investment represents a retail development opportunity for League's Member-Partners. It offers significantly lower risk than some other large development projects because of our ability to close on the purchase of each of the parcels of land in the development after receiving significant lease commitments.
Another key to success is how quickly anchor tenants are being brought on board; we already have multiple offers for anchor tenants in line. It is possible that the project will be fully leased relatively soon.
We will look to sell our interest in the property to a third party or roll that interest into the IGW REIT LP once new term financing is approved, which we aim to have happen within 2.5 years. As a Member-Partner in the Eagle Landing Retail Project, you would share ownership in this property, and have the possibility of diversification if we elect to roll our interest into the IGW REIT LP pool.
We held a conference call regarding the Eagle Landing Retail Limited Partnership on Wednesday, July 15, 2009 at 1:30 pm, Pacific Time; 2:30 pm, Alberta Time; 4:30 pm, Eastern Time. Adam spoke about the project -- the
opportunity, risk mitigation and the exit strategy. There was also a question and answer period. If you missed the call or wanted to listen to it again, click here.
If this investment appeals to you, contact your Member Services Manager who will be happy to answer any questions you may have
about this investment opportunity.
On behalf of everyone at League, I look forward to many years of association with you, both as friends and esteemed investment partners.
Best regards (and many happy returns),, | 
Emanuel F. Arruda, Founding Partner
League Assets Corp.
Learn, Earn, Live, Give.™
Adam D. Gant, Founding Partner
League Assets Corp.
Learn, Earn, Live, Give.™ |
Reminders...
The State of the Units Report for the REIT is published quarterly in March, June, September and December on this web page. This includes detailed updates on ongoing activities at each property.
Distribution payments for the REIT 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.
New unit values for the REIT are announced on the last day of February, May, August and November. Complete portfolio reappraisals take place prior to the May and November revaluations. At the February and August revaluations, only those properties that we expect to have changed in value are selected for reappraisal. 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. |
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