Killam’s growth opportunities include increasing earnings of its existing 
portfolio and expanding the portfolio through acquisitions and development.  
acquisitions have been an important part of Killam’s growth, having completed 
over $1.1 billion in acquisitions since the first property was acquired in 2002. 
Killam began development as a complement to its acquisition program in 2010, 
and to-date has invested approximately $90 million in new developments.  
2013 was Killam’s largest year for growth since 2005, adding $191 million of 
properties to the portfolio, including $121 million in acquisitions and $70 
million in new developments.  looking ahead to 2014, Killam has targeted 
a minimum of $75 million in acquisitions, and the development of two new 
apartment buildings totaling approximately $46 million. 
opportunities for Growth
the plaza, Fredericton, new Brunswick