REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

ACCRETIVE ACQUISITIONS Killam APARTMENT REIT The Residences, Courtenay BC The Shores, Courtenay BC Units Avg Monthly Rent Acquisition Date Purchase Price 56 100% leased $1,608 Units May 18, 2022 Cap Rate $21.9 million 3.75% Avg Monthly Rent Acquisition Date Purchase Price 94 | 100% leased $1,641 May 18, 2022 $33.7 million Units Avg Monthly Rent Acquisition Date Purchase Price Woolwich, Guelph ON 84 100% leased $1,218 Cap Rate 3.94% Cap Rate April 29, 2022 $25.0 million* 3.20% *Purchase price allocation: $21M-investment property $4M-development land March 2023 | Page 23

View entire presentation