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A screenshot for the website of LEAGUE Investment Services Inc. The B.C. Securities Commission is alleging misconduct with IGW REIT, which was promoted by LEAGUE.
A screenshot for the website of LEAGUE Investment Services Inc. The B.C. Securities Commission is alleging misconduct with IGW REIT, which was promoted by LEAGUE.
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Parent of large private REIT files for bankruptcy protection

The parent company of one of Canada’s largest private real estate investment trusts has filed for bankruptcy protection, a move designed to give management time to restructure its operations.

The League Group, which owns IGW REIT, a private trust with 2,200 investors and $290-million worth of investments, filed a petition to the Supreme Court of British Columbia Friday requesting permission to restructure through the Companies’ Creditors Arrangement Act.