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2004 Boardwalk REIT Press Release

Boardwalk Rental Communities



TSX SYMBOL:  BEI.UN
				 
October 7, 2004

Boardwalk REIT - Q3 Financial Results Teleconference

Calgary, Alberta – October 7, 2004

Boardwalk Real Estate Investment Trust (“BEI.UN” – TSX) 


Boardwalk Real Estate Investment Trust ("Boardwalk REIT") 
announces that it's financial results for the period 
ended September 30, 2004 will be released the morning of
Monday November 15th, 2004.  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 1-800-814-4853 (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/en/webcast/viewEvent.cgi?eventID=927300.

Replay:  
An audio recording of the teleconference will
be available from 1:00pm ET on November 15,
2004 until 11:59pm ET on November 22nd, 2004.
You can access it by dialing 416-640-1917 
and using the passcode 21097043 followed 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 31,700
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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