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IGW REIT VALUE UP FOR FIFTH CONSECUTIVE QUARTER Wednesday, December 1, 2010 Dear Member-Partners and Friends, I am delighted to report that for the fifth consecutive quarter, the unit value of the traditional IGW REIT Class A, AA and AAA Units has risen, this time by 2% from last quarter's $1.015 per unit to $1.035 per unit. This translates to a 4% increase in the past year -- December to December. Net cash flow from distributions remains stable, so distributions remain unchanged at 7.25 cents per unit per annum. The Total ROI (including distribution and appreciation) for the past year is 11.2%. Needless to say, we are proud of this significant increase. Much of these consecutive quarterly value increases are thanks to the work of Jim Wallace and his property management and development teams who are constantly adding value to the portfolio by signing new tenants and upgrading properties. As well, my thanks to all LEAGUE staff for helping to make it possible. In my recent State of the Units letter I discussed some of the events that have taken place over the past quarter, including the continued strength of the Partners REIT, in which the IGW REIT indirectly owns a controlling interest, which has also contributed significantly to the rise in the IGW REIT's unit value. We look forward to providing you word of new acquisitions and improvements we make to continually add value to the IGW REIT. Indeed, we see the seeds of further growth in the IGW REIT. And like farmers waiting for the spring, we look forward to seeing the fruits of our labour in the new year. I cannot conclude this letter without mentioning the very most important part of LEAGUE: you, our Member-Partners. Together with my partner Adam and everyone here at LEAGUE, we continue to demonstrate that there is nothing that people of like mind and common interests cannot do when they work together. And it is together that we will work towards our shared goal of Intergenerational WealthTM for all our families. Warmest regards,
Emanuel F. Arruda
Founding Partner LEAGUE Group of Companies LEAGUE Investment Services Inc. This document is for information purposes only and is not an offer to sell or a solicitation of an offer to purchase securities. Only persons who satisfy an exemption from the prospectus and registration requirements may invest in this project. In general this means that you must either be an accredited investor or invest a minimum of $150,000.
There are risks associated with this investment, some of which are set out in the subscription agreement. You are encouraged to read such document, as well as the limited partnership agreement, before making your investment decision. 110% Convertible Unit
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