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Boardwalk, Desjardins fund launch apartment venture in Western Canada

Partnership starts with Calgary, greater Victoria rental properties
The transaction includes the Elbow 5 Eight apartment complex at 730 58 Ave. SW in Calgary. (CoStar)
The transaction includes the Elbow 5 Eight apartment complex at 730 58 Ave. SW in Calgary. (CoStar)

A real estate fund managed by Desjardins Global Asset Management is paying about $146 million for a 50% interest in four apartment properties in Calgary and greater Victoria in a tie-up the investor says sets the stage for more purchases.

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