Boardwalk REIT completed the acquisition of Central Parc 1, 2 and 3 from Saroukian Group for C$249m.

Boardwalk REIT, a Canadian real estate investment trust, completed the acquisition of Central Parc 1, 2, and 3, residential complexes in Laval, from Saroukian Group, a fully integrated property development firm, for C$249m. "We are excited to welcome three new communities, Central Parc 1, 2, and 3, to our Boardwalk Family Forever. This addition marks further progress on our capital upcycling initiatives and significantly expands our presence in Greater Montreal, a desirable market for the Trust that continues to exhibit strength, resilience, and relative affordability,” Sam Kolias, Boardwalk Chairman and Chief Executive Officer.