Orange Capital LLC:

• Makes binding cash offer to buy League Assets Corp's interest in Partners REIT and the Lapp Global Asset Management Corp. Partners REIT Management Agreement
• Orange offered to purchase League's right, title and interest in the Partners REIT management agreement 
• Orange's offer is for $6.00 all-cash purchase price; aggregate proceeds of approximately $27 million to League Estate 
• Says "Partners REIT is engaged in a strategic review process that is highly unlikely to yield an en-bloc offer at an all-cash premium" 
• Says informed the court appointed monitor and League that it is open to discussing offer in detail to come to an agreement quickly 
• Says offer to purchase the 3.9 million units of Partners REIT owned by IGW Public LP, a subsidiary of League