Boardwalk REIT, Desjardins DGAM fund form co-ownership seeded with CAD 292 million multifamily portfolio

Reuters2026/07/28 21:11

By:Reuters

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Boardwalk REIT formed a strategic co-ownership with DGAM Canadian Private Real Estate Fund to acquire Western Canadian multifamily assets.
Seed portfolio valued at about $292 million, or about $446,000 per suite; implied cap rate about 4.7%; occupancy 96.9% in late July 2026.
DGAM fund to buy a 50% stake for about $146 million, or $86.5 million net of mortgages assumed; Boardwalk keeps 50% ownership.
Boardwalk retains operational control; earns a 4.25% property management and administrative fee on effective gross income.
Partnership targets additional acquisitions, with an initial focus on Alberta, British Columbia.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Boardwalk Real Estate Investment Trust published the original content used to generate this news brief via PR Newswire (Ref. ID: CA14139) on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Boardwalk REIT, Desjardins DGAM fund form co-ownership seeded with CAD 292 million multifamily portfolio

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