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2005 Boardwalk REIT Press Release

Boardwalk Rental Communities




TSX SYMBOL:  BEI.UN
				 
January 27, 2005

Financial Results Teleconference For The Period Ended December 31, 2004

Calgary, Alberta – January 27, 2005
- Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)


Boardwalk Real Estate Investment Trust (“Boardwalk REIT”)
announces that its fiscal 2004 fourth quarter and year 
end financial results will be released the morning of 
Thursday, February 17th, 2005.  We invite you to 
participate in the teleconference that will be held to 
discuss these results that same morning at 11:00 am ET.  
Senior management will speak to the financial results 
and provide an update.  Presentation materials will be 
made available on our website (http://www.boardwalkreit.com) 
prior to the call.

Participation & Registration: 
Please RSVP to Investor Relations at 403-531-9255 or 
by email to investor@bwalk.com.

Teleconference:  
The telephone numbers for the conference are: 
416-640-4127 (within Toronto) 
or 
toll-free 1-800-814-3911 (outside Toronto).  

Webcast:  
Investors will be able to listen to the call and 
view our slide presentation over the Internet by 
visiting http://www.boardwalkreit.com 15 min. prior to
the start of the call.  An information page will be 
provided for any software needed and system requirements.  
The live audiocast will also be available at 
http://www.newswire.ca/.

Replay:
An audio recording of the teleconference will be 
available from 1:00pm ET on February 17, 2005 
until 11:59pm ET on February 24, 2005.  
You can access it by dialing 416-640-1917 and using 
the passcode 21111150 followed by the pound sign.  
An audio archive will also be available on our 
website (http://www.boardwalkreit.com) 
approximately two hours after the conference call.


Corporate Profile

Boardwalk REIT is an open-ended real estate investment
trust formed to acquire all of the assets and 
undertakings of Boardwalk Equities Inc.  Boardwalk 
REIT’s principal objectives are to provide its 
unitholders with monthly cash distributions, partially 
on a Canadian income tax-deferred basis, and to 
increase the value of its units through the effective 
management of its residential multi-family revenue 
producing properties and the acquisition of additional
properties.  Boardwalk REIT currently owns and operates
in excess of 250 properties with over 32,000 units 
totalling approximately 27 million net rentable square 
feet, and is Canada’s largest owner/operator of 
multi-family rental communities.  Boardwalk REIT’s 
portfolio is concentrated in the provinces of Alberta, 
Saskatchewan, Ontario and Quebec.


For further information please contact:

Boardwalk REIT

Sam Kolias, 
President and CEO, 
(403) 531-9255;

Roberto Geremia, 
Senior Vice President, Finance
and Chief Financial Officer, 
(403) 531-9255;

Paul Moon, 
Director of Corporate Communications, 
(403) 531-9255.



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