Our Advantage

We employ a focused strategy to generate growth organically when adding to our investment portfolio, based on industry trends.

We employ opportunistic, coordinated and accretive strategies to drive growth in acquisitions and development.

Boardwalk utilizes a conservative balance sheet and minimum distribution policy, combined with CMHC financing to provide attractive rates with limited risk renewal.

By leveraging our tiered branding formula of – Living, Communities and Lifestyle – we are able to deploy capital with a selective capital-based approach while generating a better experience for Resident Members and creating stronger returns for Unitholders. With investments in strategic improvements to the common areas and exteriors of key buildings, we are able to reposition some assets in our portfolio where it makes sense in the local market.

Our healthy growth profile with an attractive implied capital rate and lower-than-private-market implied valuation provides a strong relative value versus our peers.

Through ongoing analysis of opportunities in the market, we are able to deploy capital in ways that support accretive growth through acquisitions, dispositions and development. We do this with a mid-term view to gradually change the profile of our portfolio to diversify our geographical footprint and mix of asset type. With each transaction, we are able to stabilize future returns and deliver a portfolio with improved diversity and balanced risk.

As our Operations generate Net Operating Income (NOI), proceeds are reinvested back into the business to improve the return on existing assets in our portfolio. These investments are assessed, and prioritized with a discerning and selective approach based on the opportunity to create a better living experience for Resident Members, and deliver more value through NOI improvements. Value-added capital investments are evaluated such that we are confident they will generate equal or better returns for Unitholders than if we were to acquire a new building on the open market.

Our combined scale and relationships within the Real Estate sector, provide unique opportunities to grow by developing (building) new assets. These projects tend to be longterm in nature, however, the right projects allow us to build new rental units more cost-effectively than purchasing the equivalent on the open market. Furthermore, by partnering with other entities we are able to share risk and combine strengths to ensure the best returns for Unitholders. Similar to acquisitions, our development program also provides further opportunities to diversify geographically.