Boardwalk REIT has agreed to sell three of its apartment complexes in Edmonton in a move that comes as Western Canada's largest residential real estate investment trust says rents in its portfolio continue to increase.
Boardwalk to sell trio of Edmonton residential complexes in sign of rising rents
Undisclosed buyer to pay average price of $205,000 per unit for 390-apartment portfolio
CoStar News
January 7, 2025 | 11:22 P.M.
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IN THIS ARTICLE
- Properties
- Galbraith House
12020 49th Ave, Edmonton, AB
- Axxess
930 156 St, Edmonton, AB
- Lansdowne Park
5210 122nd St, Edmonton, AB
- Companies
- Boardwalk REIT
Real Estate
- BMO
Finance and Insurance
- Contacts
- Sam Kolias
Chief Executive Officer & Chairman of the Board, Boardwalk REIT
- Michael Markidis
Managing Director, REIT Analyst, Bank of Montreal