REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS
2022 | DEVELOPMENT PROGRESS
Cost
Killam
APARTMENT REIT
Killam currently has three developments underway, which will add an additional 320 new high-quality
suites to Killam's portfolio in the next two years.(1)
Governor | 12 units
Halifax
$24M
Q2-2023
$70M
Civic 66 | 169 units
Kitchener
The Carrick | 139 units
Waterloo
(1)
Q2-2023
$84M
2024
(1) In addition, Killam has a 10% interest in the second phase (234 units) of the Nolan Hill development in Calgary, AB, which broke ground during the fourth quarter of 2021 and is
expected to be completed in 2024. Killam has a $65.0 million commitment in place to purchase the remaining 90% interest of the second phase, following completion of
construction and the achievement of certain conditions.
March 2023 | Page 32View entire presentation