REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

REVENUE OPTIMIZATION Northfield Gardens - After ]] Northfield Gardens - Before [[ ]] KKillam APARTMENT REIT 2022 Program 617 suite repositions ~$19M investment ~$2.5M annualized revenue growth 617 suites repositioned in 2022 Total Opportunity 5,500 suite repositions ~$138-165M investment ~$21-23M annualized revenue March 2023 | Page 12

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