Boardwalk REIT announces timing of release of its second quarter financial results for the period ended June 30, 2009.



    CALGARY, June 30 /CNW/ - Boardwalk would like to announce that its
financial results for the Second Quarter ended June 30, 2009 will be released
on the morning of August 14, 2009. We invite you to participate in the
teleconference held to discuss these results that same morning at 11:00 am
EST. 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
    403-206-6808 or by email to investor@bwalk.com.

    Teleconference: The telephone numbers for the conference are 416-644-3414
    (within Toronto) or toll-free 1-800-733-7560 (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=2706880
    

    Corporate Profile

    Boardwalk REIT is Canada's largest public owner/operator of multi-family
rental communities. Boardwalk REIT currently owns and operates in excess of
260 properties with 36,652 rental units totaling approximately 31 million net
rentable square feet. The Trust'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 Enterprise Value is over $3.0 billion.
Additional information about Boardwalk REIT can be found on the Company
website at www.boardwalkreit.com.

    CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS

    Information in this news release that is not current or historical
factual information may constitute forward-looking information within the
meaning of securities laws. Implicit in this information, particularly in
respect of our objectives for 2009 and future periods, our strategies to
achieve those objectives, as well as statements with respect to management's
beliefs, plans, estimates and intentions, and similar statements concerning
anticipated future events, results, circumstances, performance or
expectations, are estimates and assumptions subject to risks and
uncertainties, including those described in the Management's Discussion &
Analysis of Boardwalk REIT's 2008 Annual Report under the heading "Risks and
Risk Management", which could cause our actual results to differ materially
from the forward looking information contained in this news release.
Specifically we have assumed that the general economy remains stable, interest
rates are relatively stable, acquisition capitalization rates are stable,
competition for acquisition of residential apartments remains intense, and
equity and debt markets continue to provide access to capital. These
assumptions, although considered reasonable by the Trust at the time of
preparation, may prove to be incorrect. 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. Forward-looking
information contained in this news release is based on our current estimates,
expectations and projections, which we believe are reasonable as of the
current date. You should not place undue importance on forward-looking
information and should not rely upon this information as of any other date.
While we may elect to, we are under no obligation and do not undertake to
update this information at any particular time.

    %SEDAR: 00020684E




For further information:

For further information: Boardwalk REIT, Sam Kolias, CEO, (403)
531-9255; Roberto Geremia, President, (403) 531-9255; William Wong, CFO, (403)
531-9255


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