Boardwalk REIT announces timing of release of its first quarter financial results for the period ended March 31st, 2007



    CALGARY, April 10 /CNW/ - Boardwalk would like to announces that its
financial results for the first quarter ended March 31st, 2007 will be
released on the morning of Friday, May 11th, 2007 (the day following
Boardwalk's Annual and Special Meeting of Unitholders). We invite you to
participate in the teleconference held to discuss these results that same
morning at 11:00 am ET. Senior management will speak to the financial results
and provide an update. Presentation materials will be made available on our
website (http://www.boardwalkreit.com/) prior to the call.

    Participation & Registration: Please RSVP to Investor Relations at
    403-531-9255 or by email to investor@bwalk.com.

    Teleconference: The telephone numbers for the conference are 416-644-3418
    (within Toronto) or toll-free 1-800-814-4861 (outside Toronto).

    Webcast: Investors will be able to listen to the call and view our slide
    presentation over the Internet by visiting http://www.boardwalkreit.com/
    15 min. prior to the start of the call. An information page will be
    provided for any software needed and system requirements. The live
    audiocast will also be available at
    http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1800920

    Corporate Profile

    Boardwalk REIT is an open-ended real estate investment trust formed to
acquire all of the assets and undertakings of Boardwalk Equities Inc.
Boardwalk REIT's principal objectives are to provide its unitholders with
monthly cash distributions, partially on a Canadian income tax-deferred basis,
and to increase the value of its units through the effective management of its
residential multi-family revenue producing properties and the acquisition of
additional properties. Boardwalk REIT currently owns and operates in excess of
260 properties with over 35,800 units totalling approximately 29 million net
rentable square feet, and is Canada's largest owner/operator of multi-family
rental communities. Boardwalk REIT's portfolio is concentrated in the
provinces of Alberta, British Columbia, 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 market capitalization at
March 31st, 2007 was $4.1 billion.

    Forward Looking Information

    This news release contains forward-looking statements relating to our
operations and the environment in which we operate, which are based on our
expectations, estimates, forecast and projections, which we believe are
reasonable as of the current date. These statements are not guarantees of
future performance and involve risks and uncertainties that are difficult to
control or predict. For more exhaustive information on these risks and
uncertainties you should refer to our most recently filed annual information
form which is available at www.sedar.com. Actual outcomes and results may
differ materially from those expressed in these forward-looking statements.
Readers, therefore, should not place undue reliance on any such
forward-looking statements. Further, a forward-looking statement speaks only
as of the date on which such statement is made and should not be relied upon
as of any other date. While we may elect to, we undertake no obligation to
publicly update any such statement to reflect new information or the
occurrence of future events or circumstances at any particular time.

    %SEDAR: 00020684E




For further information:

For further information: Boardwalk REIT, Sam Kolias, President and CEO,
(403) 531-9255; Roberto Geremia, Senior Vice-President, Finance and Chief
Financial Officer, (403) 531-9255


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