Capital BLF Inc. announces the sale of the residential units of its Ridgewood properties

    MONTREAL, Sept. 26 /CNW Telbec/ - Capital BLF Inc. (TSX-V: BLF) (the
"Corporation"), announces that it will sell, in the form of undivided
co-ownership, its 65 residential units located at 3465 and 3475 Ridgewood
Avenue in Montreal. The Corporation expects these sales to occur over a three
to four year period based on market dynamics. The Corporation has granted a
special mandate to its manager, Multigest Management Inc., to coordinate the
process. Financing facilities have been arranged in the form of a term loan,
subrogated to the existing mortgage and repayable under certain covenants with
the proceeds of the sale of the units. The Corporation believes that this is
an exceptional opportunity for creating added value with this property
acquired on March 30, 2008 and generating a greater return for its

    About Capital BLF Inc.

    Capital BLF Inc. is a corporation that solely invests in
revenue-generating residential properties and is initially concentrating its
efforts on properties located in the Province of Quebec. The Corporation owns
two residential properties located respectively at 3465 and 3475 Ridgewood
Avenue in Montreal. A complete description of the business of the Corporation
can be consulted in the Filing Statement of the Corporation dated March 20,
2008 which is available on the website of SEDAR at

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.

For further information:

For further information: Mr. Pierre L. Martel, Chief Financial Officer
and Secretary, (514) 238-2199

Organization Profile

BLF Real Estate Investment Trust

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