REVENUE OPTIMIZATION & DEVELOPMENT PROGRESS

CAPITAL ALLOCATION Killam APARTMENT REIT DEVELOPMENT Invest in developing high-quality energy efficient assets. ACQUISITIONS Acquire high-quality multi-residential assets. JV INVESTMENT Invest in joint development opportunities to maximize growth potential. DISPOSITIONS Dispose of select properties to provide capital to strengthen balance sheet and acquire newer/higher earning assets. INTENSIFICATION Intensifying existing assets with multi-residential developments. NOI ENHANCING CAPEX Invest in energy-efficiency initiatives, suite renovations and building upgrades. March 2023 | Page 9

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