{"id":370966,"date":"2026-05-19T00:01:28","date_gmt":"2026-05-19T04:01:28","guid":{"rendered":"https:\/\/www.connectcre.ca\/?post_type=awards&p=370966"},"modified":"2026-05-21T11:02:30","modified_gmt":"2026-05-21T15:02:30","slug":"boardwalk-excels-beyond-its-comfort-zone-with-three-tower-apartment-complex-acquisition-in-laval","status":"publish","type":"awards","link":"https:\/\/www.connectcre.ca\/fr\/awards\/2026-canadian-transactions-of-the-year\/eastern-canada\/boardwalk-excels-beyond-its-comfort-zone-with-three-tower-apartment-complex-acquisition-in-laval\/","title":{"rendered":"Boardwalk Excels Beyond its Comfort Zone with Three-Tower Apartment Complex Acquisition in Laval"},"content":{"rendered":"\n

In fall 2025, Boardwalk REIT agreed to acquire a three-tower apartment complex in the Montreal suburb of Laval, Que., for $249 million.<\/p>\n\n\n\n

The three concrete Central Parc towers, built between 2019 and 2022, comprise 541 suites with an average size of 942 square feet. The purchase price worked out to about $460,000 per suite at a going-in cap rate of 4.5%.<\/p>\n\n\n\n

The acquisition was a sign of progress in Boardwalk’s capital upcycling initiatives, which continue to help the REIT acquire newer properties while divesting non-core assets. The deal also significantly expanded Boardwalk’s presence in Greater Montreal, a desirable market for the REIT. <\/p>\n\n\n\n

The acquisition also demonstrated that Calgary-based Boardwalk can excel well beyond its Alberta base and traditional Western Canadian comfort zone. The REIT has made further advancements in the Greater Montreal Area since acquiring the towers, further demonstrating the organization’s versatility and multi-family real estate expertise. <\/p>\n\n\n\n

The deal also allowed Boardwalk to offer residents \u00ab\u00a0unmatched affordable luxury\u00a0\u00bb and a \u00ab\u00a0unique product offering for the surrounding area,\u00a0\u00bb according to Boardwalk Chairman and CEO Sam Kolias.<\/p>\n\n\n\n

These are some of the reasons why the investment team led by Boardwalk Chairman Sam Kolias that completed the Central Parc deal was honoured with a Connect Canadian Transactions of the Year Award. The team members include Senior Vice-president of Investments Samantha Adams; Vice-president of Investments Vanessa Kolias; Investments Director Hanif Fazal; Senior Investments Analyst Nathan Quan; Investments Analyst Mingyang Wang; and Natasha Savelieva, who serves as an investment analyst. <\/p>\n\n\n\n

The awards recognize deals that make an impact on Canadian commercial real estate.<\/p>\n","protected":false},"author":452,"featured_media":371286,"parent":370433,"menu_order":0,"template":"","format":"standard","story-market":[1249],"award_database":[1245,1244],"class_list":["post-370966","awards","type-awards","status-publish","format-standard","has-post-thumbnail","hentry","story-market-eastern-canada","award_database-2026-canadian-transactions-of-the-year","award_database-canadian-transactions-of-the-year"],"acf":[],"yoast_head":"\nBoardwalk Excels Beyond its Comfort Zone with Three-Tower Apartment Complex Acquisition in Laval - Connect CRE Canada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.connectcre.ca\/awards\/2026-canadian-transactions-of-the-year\/eastern-canada\/boardwalk-excels-beyond-its-comfort-zone-with-three-tower-apartment-complex-acquisition-in-laval\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boardwalk Excels Beyond its Comfort Zone with Three-Tower Apartment Complex Acquisition in Laval\" \/>\n<meta property=\"og:description\" content=\"In fall 2025, Boardwalk REIT agreed to acquire a three-tower apartment complex in the Montreal suburb of Laval, Que., for $249 million. 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