Boardwalk REIT is Canada’s largest owner/operator of multi-family rental communities. Boardwalk REIT currently owns and operates in excess of 260 properties with over 33,900 rental units totaling approximately 28 million net rentable square feet. The Trust’s portfolio is concentrated in the provinces of British Columbia, Alberta, Saskatchewan, Ontario and Quebec. Boardwalk REIT’s Trust units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN. The Trust’s total enterprise value at September 30, 2006 was 3.3 billion.

For additional information, please visit: www.BoardwalkREIT.com.

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