Latest news with #BoardwalkREIT
Calgary Herald
26-06-2025
- Business
- Calgary Herald
Hot properties: Calgary's multi-family is a commercial real estate hotspot
Article content Multi-family residential real estate is among Canada's hottest commercial real estate sectors, which should come as no surprise in Calgary and other major cities where housing supply has been in short supply in recent years. Article content Yet a new report further cements this thesis, illustrating that residential real estate is front and centre for developers and investors, especially in Calgary where high migration from other provinces has driven housing demand. Article content Article content Article content 'If you look at Calgary, population continues to increase rapidly because, simply, people want to live there,' says Kingsley Ma, regional vice-president for Re/Max in Vancouver. Article content Article content Although the Re/Max Canada's 2025 Commercial Real Estate Report points to economic uncertainty driven by trade strife with the United States dampening commercial real estate investment in Canada, residential real estate — new homes for rent and ownership — continue to stand out. Article content The main driver is Canada remains deeply underhoused even with international migration pared back from peaks in previous years. Article content As the report notes, Calgary's multi-family purpose-built rental market has still seen very high investment with 3,000 starts in the first quarter of this year (ending March 31), of which nearly 65 per cent were rental units. Article content Article content Transactions among existing purpose-built rental assets also remained highly active with several high-value sales, including Boardwalk REIT (Real Estate Investment Trust) a 295-unit high-rise for $80 million. Article content The report adds that vacancy remains attractive at 4.8 per cent, according to a Canada Mortgage and Housing Corp. report from earlier this year. As well, rents are increasing, up nine per cent year over year to $1,900 a month in Q1 for a two-bedroom. Article content The past few years of high demand have pushed the industry to look to creative solutions for housing, including office conversions downtown to rental, Kingsley says. Article content 'The result of all this activity is that you are bound to face more competition.' Article content In particular, individual investors seeking to purchase condominium apartments and other dwellings to rent out in Calgary are facing more competition from new purpose-built projects, which can add several hundred new rent units to the market.
Cision Canada
22-05-2025
- Business
- Cision Canada
BOARDWALK RELEASES 2024 ESG REPORT
CALGARY, AB, May 22, 2025 /CNW/ - Boardwalk Real Estate Investment Trust (TSX: Boardwalk REIT ("Boardwalk", "the Trust", "We") announced today that it issued its sixth annual Environmental, Social and Governance (ESG) Report, outlining its 2024 initiatives and achievements. Highlights of Boardwalk's 2024 ESG Report include: Invested $23 million in energy efficient upgrades. Achieved a 14.4% reduction in GHG emissions and 11.7% reduction in water use intensity since 2019. Expanded energy metering in our portfolio, with 91.2% of total suites directly metered or submetered for electricity and 19.5% for natural gas. Improved Resident Member engagement, achieving a Net Promoter Score of 83. Provided over $300,000 in charitable donations and scholarships. Launched our supplier ESG survey and increased the adoption of environmentally friendly products in our supply chain. Recognized as one of Canada's Most Responsible Companies by Newsweek, one of Alberta's Top 80 Employers and by the Globe and Mail's Women Lead Here. "Our commitment to ESG is grounded in purpose, care, and responsibility", says Sam Kolias, CEO and Chairman. "We are proud to integrate environmental, social, and governance practices into every part of our business, as we work to build stronger, more inclusive, and more sustainable communities for the future. We encourage you to read our ESG Report to learn more about our 2024 progress and 2025 priorities." Boardwalk's 2024 ESG Report is available on its website at Boardwalk REIT strives to be Canada's friendliest community provider and the first choice in multi-family communities to work, invest, and call home with our Boardwalk Family Forever. Providing homes in more than 200 communities, with approximately 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives TM. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic and have evolved to capture the life cycle of all Resident Members. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders. Boardwalk REIT's Trust Units are listed on the Toronto Stock Exchange, trading under the symbol Additional information about Boardwalk REIT can be found on the Trust's website at
Yahoo
22-05-2025
- Business
- Yahoo
BOARDWALK RELEASES 2024 ESG REPORT
CALGARY, AB, May 22, 2025 /CNW/ - Boardwalk Real Estate Investment Trust (TSX: Boardwalk REIT ("Boardwalk", "the Trust", "We") announced today that it issued its sixth annual Environmental, Social and Governance (ESG) Report, outlining its 2024 initiatives and achievements. Highlights of Boardwalk's 2024 ESG Report include: Invested $23 million in energy efficient upgrades. Achieved a 14.4% reduction in GHG emissions and 11.7% reduction in water use intensity since 2019. Expanded energy metering in our portfolio, with 91.2% of total suites directly metered or submetered for electricity and 19.5% for natural gas. Improved Resident Member engagement, achieving a Net Promoter Score of 83. Provided over $300,000 in charitable donations and scholarships. Launched our supplier ESG survey and increased the adoption of environmentally friendly products in our supply chain. Recognized as one of Canada's Most Responsible Companies by Newsweek, one of Alberta's Top 80 Employers and by the Globe and Mail's Women Lead Here. "Our commitment to ESG is grounded in purpose, care, and responsibility", says Sam Kolias, CEO and Chairman. "We are proud to integrate environmental, social, and governance practices into every part of our business, as we work to build stronger, more inclusive, and more sustainable communities for the future. We encourage you to read our ESG Report to learn more about our 2024 progress and 2025 priorities." Boardwalk's 2024 ESG Report is available on its website at CORPORATE PROFILE Boardwalk REIT strives to be Canada's friendliest community provider and the first choice in multi-family communities to work, invest, and call home with our Boardwalk Family Forever. Providing homes in more than 200 communities, with approximately 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always livesTM. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic and have evolved to capture the life cycle of all Resident Members. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders. Boardwalk REIT's Trust Units are listed on the Toronto Stock Exchange, trading under the symbol Additional information about Boardwalk REIT can be found on the Trust's website at View original content: SOURCE Boardwalk Real Estate Investment Trust View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
06-05-2025
- Business
- Cision Canada
BOARDWALK REIT ANNOUNCES VOTING RESULTS FROM 2025 ANNUAL MEETING OF UNITHOLDERS
CALGARY, AB, May 6, 2025 /CNW/ - Boardwalk Real Estate Investment Trust (TSX: (the " Trust" or " Boardwalk REIT") announced today the results of matters voted on at its annual and special meeting of unitholders held on May 5, 2025 (the " Meeting"), which included the election of all the trustee nominees listed in the Trust's management information circular dated March 21, 2025. The voting results for each of the matters considered at the Meeting are presented below. All resolutions other than fixing the number of Trustees were conducted by ballot. The total number of units (or Class B Units (" LP B Units") of Boardwalk REIT Limited Partnership exchangeable into units) represented by unitholders present in person or by proxy at the meeting was 45,212,296 representing 84.84% of the Trust's outstanding units (including the LP B Units). 1. Number of Trustees – The resolution to fix the number of trustees to be elected at the Meeting at no more than eight was passed as follows: 2. Election of Trustees – The following eight nominees were elected as trustees by resolution passed by a majority of the unitholders: Mandy Abramsohn, Andrea Goertz, Gary Goodman, James Ha, Sam Kolias, Samantha Kolias-Gunn, Scott Morrison and Brian G. Robinson. Each of the trustees received the following votes for their election: 3. Appointment of Auditors – Deloitte LLP was reappointed as the auditor of the Trust (and the trustees were authorized to fix their remuneration) by resolution passed as follows: 4. Executive Compensation Advisory Vote – The resolution, on an advisory, non-binding basis, to accept the approach to executive compensation disclosed in the " Compensation Discussion and Analysis" section of the management information circular of the Trust dated March 21, 2025 was passed as follows: CORPORATE PROFILE Boardwalk REIT strives to be Canada's friendliest community provider and the first choice in multi-family communities to work, invest, and call home with our Boardwalk Family Forever. Providing homes in more than 200 communities, with approximately 34,000 residential suites totaling over 29 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives TM. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities, and Boardwalk Lifestyle, cater to a large diverse demographic and have evolved to capture the life cycle of all Resident Members. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning, and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cash flow and investment returns, stable monthly distributions, and value creation for all our stakeholders. Boardwalk REIT's Trust Units are listed on the Toronto Stock Exchange, trading under the symbol Additional information about Boardwalk REIT can be found on the Trust's website at
