BOARDWALK REIT (BEIUN:TSX)

Boardwalk REIT is Canada’s largest public owner/operator of multi-family rental communities. Boardwalk REIT currently owns and operates in excess of 225 properties with 35,277 rental units (as at December 31, 2010) totaling approximately 30 million net rentable square feet. The Trust’s portfolio is concentrated in the provinces of Alberta, British Columbia, Saskatchewan, Ontario and Quebec. Boardwalk REIT’s Trust units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN. The Trust’s total Enterprise Value as of March 31, 2011 is approximately $4.6 billion.