League Assets Corp

PRESIDENT'S REPORT Q3 - #1

Tuesday, September 29, 2009

Dear Member-Partners and Friends,

I am writing to let you know how thrilled I am to be a part of the League team and, like you, also a Member-Partner. When I first came aboard in June, I quickly sensed both the energy around me and the high moral purpose of the team I was joining.

Now, after three months, I am pleased to report how very aligned the League team is with our shared goals and vision based on our Credo: "We will do for others, as we would have them do for us."


As League's President and Chief Operating Officer, my role is to assume the day-to-day responsibilities of League's operations, thereby freeing up Adam Gant to devote more of his time to his highest and best use: developing new opportunities of benefit to you as Member-Partners. Adam will also be able to spend more time negotiating with lenders and putting together those "big picture" deals that have become his specialty.

In the last few years, League has become more successful, larger and a more complex organization. And so, my immediate focus is to create operational efficiencies for the IGW REIT and the limited partnerships; to standardize procedures and develop better and more timely financial reporting; and along with that, to develop significant initiatives focusing on maximizing the occupancy of our properties.

I first met Adam two years ago, and more recently his partner, Emanuel Arruda. I was immediately struck by what they had accomplished in just five years. They have now built up a company with more than $300 million in assets under management and a family of more than 1700 Member-Partners. I was also amazed to learn that last year League Assets was ranked as one of Canada's fastest-growing companies by Profit Magazine. I am pleased to report that we remain on track for still greater things to come.

In the months ahead, I hope to have the pleasure of meeting many of you in person. In the meantime, I am making it a priority to provide regular updates on League's progress and activities. Let me conclude by saying that I am both honoured and pleased to be part of this inspiring organization.

Should you have any questions, please feel free to contact me.


My very best,

Brien Biondi

Brien Biondi
President and Chief Operating Officer
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.