Boardwalk Real Estate Investment Trust (“Boardwalk REIT”, “Boardwalk” or “the Trust”) is Canada’s largest public owner / operator of multi-family rental communities. Boardwalk REIT owns and operates in excess of 260 properties with 36,785 rental units totaling approximately 31 million net rentable square feet (as of December 31, 2008). The Trust’s portfolio is concentrated in the Provinces of British Columbia, Alberta, 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 at December 31, 2008 was $3.54 billion.