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2005 Boardwalk REIT Press Release

Boardwalk Rental Communities



TSX SYMBOL:  BEI.UN
				 
April 20, 2005

Financial Results Teleconference For The Period Ended March 31, 2005

Calgary, Alberta – April 20, 2005
- Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX)


Boardwalk Real Estate Investment Trust ("Boardwalk REIT") 
announces that its financial results for the period ended 
March 31, 2005 will be released on the morning of 
Tuesday, May 10th, 2005.  
We invite you to participate in the teleconference that 
will be held to discuss these results that same morning at 
9:30 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 1-800-814-4857 (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=1098680.

Replay:  

An audio recording of the teleconference will 
be available from 12:30 pm ET on May 10th, 2005 
until 11:59 pm ET on May 18th, 2005.  You can 
access it by dialing 416-640-1917 and using the 
passcode 21122186 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.


Forward Looking Information

This press release may contain forward looking statements.
These statements relate, but are not limited to, 
Boardwalk REIT’s expectations, intentions, plans and 
beliefs.  These forward looking statements can 
generally be identified by the use of words 
“anticipated”, “expected” or the negative thereof or 
other comparable terminology.  You should be aware 
that these statements are subject to known and unknown 
risks, uncertainties and other factors, including the 
risks discussed under the heading “Risk Factors” in the 
Management Information Circular of Boardwalk Equities Inc.
available on www.sedar.com.  Actual events or results may 
differ materially from those suggested by any 
forward-looking statements.  You should not place undue 
reliance on any forward-looking statements contained 
in this press release.
By their nature, forward-looking statements involve 
numerous assumptions, inherent risks and uncertainties, 
both general and specific, that contribute to the 
possibility that the predictions, forecasts, 
projections and various future events will not occur.  
Although management of Boardwalk REIT believes that the 
expectations reflected in the forward-looking statements 
are reasonable, there can be no assurances that future 
results, levels of activity, performance or achievements 
will occur as anticipated.  None of Boardwalk REIT nor 
any other person assumes responsibility for the accuracy 
and completeness of any forward-looking statements, and 
no one has any obligations to update or revise any 
forward-looking statement, whether as a result of new 
information, future events or such other factors which 
affect this information, except as required by law.



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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