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BOARDWALK REIT ANNOUNCES CONTINUATION OF ITS CAPITAL UPCYCLING PROGRAM, EXPANDS ITS GREATER MONTREAL PORTFOLIO

Newswire.ca - Wed Sep 3, 2025

CALGARY, AB, Sept. 3, 2025 /CNW/ - Boardwalk Real Estate Investment Trust - (TSX: BEI.UN)

Boardwalk REIT ("Boardwalk", "the Trust", "We", "Our") announced today $273.1 million of transaction activity consisting of the sale of two older communities in Edmonton, Alberta for a gross sales price of $24.1 million and the acquisition of Central Parc 1, 2 and 3 in Laval, Québec for a total purchase price of $249.0 million. All amounts referenced herein exclude transaction and closing costs.

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