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Boardwalk REIT sells pair of Edmonton apartment towers under capital reallocation strategy

Two multifamily properties totaling 176 units acquired by Elite Real Estate Group
The Palisades, a 94-unit rental apartment tower at 9820 104th St NW, was one of two Edmonton multifamily properties acquired by Elite Real Estate Group in a recent transaction with Boardwalk REIT. (CoStar)
The Palisades, a 94-unit rental apartment tower at 9820 104th St NW, was one of two Edmonton multifamily properties acquired by Elite Real Estate Group in a recent transaction with Boardwalk REIT. (CoStar)
By Melissa Rosenberger
CoStar Research
February 18, 2026 | 9:31 P.M.

Elite Real Estate Group acquired a pair of rental apartment buildings in downtown Edmonton from Boardwalk REIT for $37 million. The transaction reflects a sale price of $210,227 per unit.

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News | Boardwalk REIT sells pair of Edmonton apartment towers under capital reallocation strategy