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
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
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