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Boardwalk REIT Expands in Calgary With Purchase of Three Multifamily Properties

Landlord Focuses on Keeping Its Units 100% Occupied as National Housing Shortage Continues

The Elbow 5 Eight, shown here, is a project under construction in Calgary's Windsor Park neighbourhood that is expected to be occupied in 2025. (CoStar)
The Elbow 5 Eight, shown here, is a project under construction in Calgary's Windsor Park neighbourhood that is expected to be occupied in 2025. (CoStar)

Western Canada's largest residential real estate investment trust plans to spend more than $120 million on three multifamily properties, a move it says will boost the values of its units.

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