CALGARY, June 29, 2013 /CNW/ - Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)
Boardwalk Rental Communities ("Boardwalk", "The Trust") would like to take this opportunity to thank all of the leaders and emergency response personnel from the Federal, Provincial and Municipal Governments who have worked tirelessly over the last week to promptly respond to the flooding in Calgary and Southern Alberta.
The coordinated response from all three levels of Government was unprecedented and ensured that the emergency response and the current recovery process have been efficient. Boardwalk was able to have the majority of its Residents back home within a short period of time after the water receded as a result of these efforts. The Residents of Boardwalk's Communities have praised all of the Emergency Response Teams for keeping them informed throughout the disaster while Boardwalk's Associates have partnered with many Emergency Response Personnel to return its Residents home as quickly as possible.
Sam Kolias, CEO and Chairman of Boardwalk REIT said, "The management of this disaster by all three levels of Government has been remarkable. All of the response personnel from the Federal, Provincial and Municipal offices deserve a standing ovation."
Rob Geremia, President of Boardwalk REIT said, "In addition, the response from all of the Non-Profit Organizations and Volunteers has been inspirational. We continue to hear about selfless acts of generosity from many who have been affected by the flooding."
The City of Calgary's recovery has begun and Boardwalk is committed to continuing its efforts to work with all those making a difference to restore Calgary . Boardwalk will be matching all of its Associates donations to the Red Cross and The Samaritan's Purse as well has been encouraging all of its Calgary Associates to volunteer in the recovery efforts.
Sam Kolias added: "The support for our Community has been overwhelming. Everyone from our three levels of Government, to the Military Personnel, to the first responders, to the Non Profit Organizations, to our Residents and Associates, to the volunteers in Calgary and everyone in between: Thank you for making Calgary an even better place to call 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 March 31, 2013) 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. 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 of Community Development
Director of Mortgage and Finance