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Centre Pointe West, one of Boardwalk REIT’s properties, in Calgary, Alberta.
Centre Pointe West, one of Boardwalk REIT’s properties, in Calgary, Alberta.
(Boardwalk REIT/Handout)

If Boardwalk REIT can’t buy, what REIT can?

Real estate investment trusts are a long way from getting back in the property acquisition game, as evidenced by the most recent numbers from Boardwalk REIT.

Boardwalk is one of Canada’s most valuable REITs, perenially trading at a premium to other REITs that specialize in apartments. And yet, the company feels shut out of the bidding for multi-family residential buildings, because prices are too high.