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League Assets Top Earner in Profit Hot 50′s Top 10

by creitadmin on September 25, 2008

 

VICTORIA, BRITISH COLUMBIA–(Marketwire – Sept. 24, 2008) – League Assets Corporation leads the ranks as top revenue generator for 2007 among Canada’s top 10 hot start-up companies, as announced today by the award-winning PROFIT: Your Guide to Business Success, in its 9th annual PROFIT HOT 50 Emerging Growth Companies ranking.

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 and retail properties with combined assets approaching $300 million. The trust exists to find, acquire, improve and manage large and lucrative real estate properties across the nation, and to offer shared ownership in these assets to other like-minded investors – referred to by League as its Member-Partners. Combined with its other investment pools, League is currently managing and developing assets with approximate build-out values totalling $2 billion.

“League is proud to receive this honour on behalf of its more than 1,200 Member-Partners and its extraordinary team of investment and real estate development professionals,” said CEO Adam Gant.

The PROFIT HOT 50 is the definitive ranking of Canada’s Emerging Growth Companies. Published in the October issue of PROFIT magazine and online at www.PROFITguide.com, the PROFIT HOT 50 ranks young firms by two-year revenue growth.

“The PROFIT HOT 50 companies illustrate the ingenuity and vitality of Canada’s entrepreneurial sector. Any one who wants to start or grow a business can draw much inspiration and many lessons from the HOT 50,” says Ian Portsmouth, editor of PROFIT.

To view the ranking and related stories: http://www.profitguide.com/hot50

About PROFIT Magazine:

PROFIT: Your Guide to Business Success, is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 – 250 employees and annual revenue of $1 million to $25 million, reaching more than 300,000 readers across Canada. Visit PROFIT online at www.PROFITmagazine.ca.

For further information about League Assets, see www.League.ca. Download League’s Backgrounder from: http://www.league.ca/pdf/league_backgrounder.pdf.

Emanuel Arruda, Chairman

League Assets Corporation

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Leben REIT’s sale of eight Alberta properties to Whiterock REIT for $80 million has been completed.  With the closing of this acquisition, Whiterock’s portfolio consists of 41 properties totalling 3.1 million square feet, located in 13 primary and secondary markets across Canada, including Calgary, Edmonton, Regina, Saskatoon, Toronto, Ottawa, Montreal and Quebec City. The average lease term is approximately 7.9 years, with approximately 61% leased to government or investment grade firms.  At the close of market on July 16th, 2008, Whiterock’s units provided a yield of 11.3%.

Stories on this sale can be found at the following sites:

http://www.foxbusiness.com/story/markets/industries/finance/leben-reit-completes-sale-alberta-properties-whiterock-reit–million/

 

http://www.istockanalyst.com/article/viewiStockNews+articleid_2406658&title=Whiterock_REIT_Closes.html

 

http://www.cnw.ca/fr/releases/archive/July2008/17/c5362.html

 

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