League Assets Corp

IGW REIT PROGRESS REPORT: LEASING UPDATE

Thursday, October 8, 2009

Dear Member-Partners of the IGW REIT,

Today I thought I would share with you some good news regarding our ongoing leasing and development efforts on your behalf in the IGW REIT.

I am pleased to report that just two weeks since our last REIT report, we have signed four lease renewals and two new leases. All of these leases, including the renewals, were signed at higher lease rates, which makes for even better news.

These improvements are due in no small part to the sustained hard work of our leasing and development teams. I would like to take this moment to express my gratitude to them.

The gradual easing of the credit markets continues to help us. Presently, we are in negotiations for several new refinancings, which at this time looks promising. I hope to bring you more good news very soon.

As always, we will keep you updated with these or any future developments as they happen.

My very best,

Brien Biondi Signature

Brien Biondi
President and Chief Operating Officer
League Assets Corp.
Learn, Earn, Live, Give.™

This report contains forward-looking information within the meaning of applicable securities laws. Forward-looking information may relate to the REIT's future outlook and anticipated events or results and may include statements regarding the future financial position, property acquisition strategies and opportunities, business strategy, financial results and plans and objectives of the REIT. Particularly, statements regarding the expected benefits of the reduction in monthly distribution and the REIT's ability to enhance unit-holder value are forward-looking statements. In some cases, forward-looking information can be identified by terms such as "may", "will", or other similar expressions concerning matters that are not historical facts. Forward looking-information is subject to certain factors, including risks and uncertainties, that could cause actual results to differ materially from what the REIT currently expects and there can be no assurance that such statements will prove to be accurate. Some of these risks and uncertainties are described under "Risk Factors" in the IGW REIT's Offering Memorandum dated September 1, 2009. The REIT does not intend to update or revise any such forward-looking information should its assumptions and estimates change.

About League Assets Corp.


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League: The World's Intergenerational Wealth™ Institution
Through the provision of investment education and opportunity, League helps individuals and families create Intergenerational Wealth™ while contributing to the betterment of society.

Victoria, BC-based League Assets Corp. manages the IGW REIT, one of North America's fastest-growing private Real Estate Investment Trusts, comprising a portfolio of Canadian commercial, industrial, multi-family residential properties which, together with the other entities that League administers, has combined assets approaching $400 million. The IGW REIT exists to find, acquire, improve and manage real estate properties on behalf of its more than 1,700 Member-Partners. Combined with its other investment pools, League is currently managing and developing assets with approximate build-out values totaling $2 billion.

For more information, read The Blue Book of Real Estate Syndication.

How to Join League
If you've already read the Blue Book, just complete and return a Notice of Interest form (below) for either the IGW REIT, or one of League's other investment pools.

Once received, your Member Services Manager will send you the Investment Overview, along with the Offering Documents and Subscription form. These documents provide the disclosure you'll rely on to make your final investment decision, including the investment's structure, finances, risks, and rewards.

If you have any questions or need help understanding any of the material, your Member Services Manager is always available to help.

Download the Notice of interest form:
Where to get help:

Need help with your subscription or questions about an investment?
Call 1-877-772-8836 and ask to speak with a Member Services Manager.

Looking for status updates on our projects?
News and updates are released to all our members simultaneously and posted on our website as quickly as confirmed information is supplied.

To read the latest, visit: www.league.ca/newsroom/

Other Information:

New unit values are announced on the last day of February, May, August and November.

The State of the Units Report is published quarterly in March, June, September and December on the Newsroom page of League's website. This includes detailed updates on ongoing activities at each property.

Distribution payments 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.

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 of League's website.