CALGARY, Dec. 19, 2012 /CNW/ - Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)
Boardwalk Rental Communities ("Boardwalk") was pleased to provide free
rent to an individual in both Calgary, AB, and Edmonton, AB. From mid-
November through to the beginning of December, Boardwalk teamed up with
Virgin Radio in Calgary, AB, to host 'Rent Free Under the Tree' and Up
Radio in Edmonton, AB, to host 'Home for the Holidays', offering free
rent for a year in a Boardwalk Community. Boardwalk and the radio
stations asked listeners to write in and nominate someone they knew who
deserved a hand up and free rent for year.
The winner in Calgary, AB, Lori, is a single mom of four children aged
11-17 and was nominated by her 15 year old daughter. She suffered a
heart attack two years ago and as a result was unable to work for six
months. During this time, her daughters both took on jobs to help out
while they attended school, which put a lot of stress on the family.
When Lori received the call that she was the winner of free rent for
the year, she said, "Thank you so much, I'm not even sure what to say.
Edmonton, AB, winner is Lisa, a Business Communication student at a
local university who works part time to make ends meet. Her boyfriend
Jeremy was recently diagnosed with Polycystic Kidney Disease and as a
result of the time commitment needed for his treatment, he recently
lost his job. Lisa said, "I knew I was nominated, but there are so many
people who deserve it so much more I never thought in a million years
you would call me!"
This is the fourth year Boardwalk has held this contest in Calgary, AB,
and the third year in Edmonton, AB. Sam Kolias, CEO and Chairman of
the Board, says, "The Holiday Season is a season of giving back. We
are pleased to be able to give a hand up to someone in need in our
communities by providing them a place to call home, rent free, for one
year. The stories and nominations we receive each year are truly
touching, and selecting just one winner from each city is a difficult
task. This year's recipients are amazing people and we are happy to
welcome them home."
About Boardwalk REIT
Boardwalk REIT is Canada's friendliest landlord and currently owns and
operates more than 225 properties with 35,277 residential units (as at
Sept 30, 2012) totaling approximately 30 million net rentable square
feet. Boardwalk's principal objectives are to provide its Residents
with the best quality communities and superior Customer Service, while
providing Unitholders with sustainable monthly cash distributions, and
increase the value of its Trust Units through selective acquisitions,
dispositions, and effective management of its residential multi‐family
properties. Boardwalk REIT is vertically integrated and is Canada's
leading owner/operator of Multi‐Family Communities with 1,600
Associates bringing Customers home to properties located in Alberta,
Saskatchewan, Ontario, Quebec, and British Columbia.
Boardwalk REIT's Trust units are listed on the Toronto Stock Exchange,
trading under the symbol BEI.UN. The Trust's total Enterprise Value as
of Sept 30, 2012 was approximately $5.5 billion. Additional information
about Boardwalk REIT can be found on the Trust's website at www.BoardwalkREIT.com.
SOURCE: Boardwalk Real Estate Investment Trust
For further information:
Director; Community Development
Director; Mortgage and Finance