11:11 AM EDT, 09/03/2025 (MT Newswires) -- Boardwalk Real Estate Investment Trust (BEI-UN.TO) said Wednesday it completed the sale of two older communities totaling 134 suites in Edmonton, Alberta, and agreed to acquire the Central Parc 1, 2 and 3 communities in Laval, Quebec, expanding its Greater Montreal presence.

The CA$273.1 million of transaction activity includes the Edmonton sales, valued at CA$24.1 million, and the CA$249.0 million acquisition of Central Parc, consisting of three concrete towers with 541 suites.

The Edmonton properties were sold to a local private buyer, with closing scheduled in September. The Central Parc acquisition is expected to close in late September.

Boardwalk said funds from operations per unit will rise by about CA$0.02 for the remainder of 2025 as a result of the acquisitions, net of dispositions. For 2026, the trust expects FFO per unit to increase by about CA$0.07.

Boardwalk shares were last up 1.5% at CA$70.28 on the Toronto Stock Exchange.

Price: 70.03, Change: +0.80, Percent Change: +1.16