Boardwalk REIT announces timing of release of its Third Quarter financial results for the period ended September, 30th 2007



    CALGARY, Oct. 2 /CNW/ - Boardwalk would like to announce that its
financial results for the Third Quarter ended September 30th, 2007 will be
released on the morning of Friday, November 09th, 2007. 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
403-531-9255 or by email to investor@bwalk.com.

    Teleconference: The telephone numbers for the conference are 416-644-3415
(within Toronto) or toll-free 1-800-732-9303 (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=2027960

    Corporate Profile

    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 approximately 35,800 rental units totaling approximately 30
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 at June 30, 2007
was $4.5 billion.

    Forward Looking Information

    This press release may contain forward looking statements. These
statements relate, but are not limited to, Boardwalk REIT's expectations,
intentions, plans and beliefs. These forward looking statements can generally
be identified by the use of words "anticipated", "expected" or the negative
thereof or other comparable terminology. You should be aware that these
statements are subject to known and unknown risks, uncertainties and other
factors, including the risks discussed under the heading "Risk Factors" in the
Annual Information Form of Boardwalk REIT available on www.sedar.com. Actual
events or results may differ materially from those suggested by any
forward-looking statements. You should not place undue reliance on any
forward-looking statements contained in this press release.
    By their nature, forward-looking statements involve numerous assumptions,
inherent risks and uncertainties, both general and specific, that contribute
to the possibility that the predictions, forecasts, projections and various
future events will not occur. Although management of Boardwalk REIT believes
that the expectations reflected in the forward-looking statements are
reasonable, there can be no assurances that future results, levels of
activity, performance or achievements will occur as anticipated. None of
Boardwalk REIT nor any other person assumes responsibility for the accuracy
and completeness of any forward-looking statements, and no one has any
obligations to update or revise any forward-looking statement, whether as a
result of new information, future events or such other factors which affect
this information, except as required by law.

    %SEDAR: 00020684E




For further information:

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


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