apartments.
The most significant costs to operate MHCs are water, land property tax and general repairs and maintenance to the water and sewer 
infrastructure. Killam’s experience with MHCs has shown that the largest variable expenses are costs related to the water and sewer 
infrastructure. The majority of other costs have little variability. Killam’s MHCs enjoy a stable tenant base, with consistently strong occupancy of 
approximately 98%. Should a tenant choose to leave a community, they sell their home, with the home typically remaining on the site and rent 
collection continuing uninterrupted from the new homeowner, who Killam approves as part of the sale process.
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