Notes to the Consolidated Financial Statements
Dollar amounts are in thousands of Canadian dollars (except share and per share amounts)
28.  Related Party Transactions
Killam has contracted APM Construction Services Inc. (“APM”) to act as Project Manager on the new construction project in St. 
John’s, NL. APM was previously the Project Manager on The Plaza, which was completed in May 2013. APM is an entity controlled 
by a director of Killam.  APM will be paid an industry standard management fee of approximately 4% of the construction costs. For 
the year ended December 31, 2013, Killam paid APM $0.5 million for construction management services (December 31, 2012 ‑ $0.2 
million).
 
 on December 6, 2013, Killam acquired northgate apartments from a director of Killam for a purchase price of $3.7 million, the fair 
value at the acquisition date.
 Killam has a 50% interest in a commercial complex that houses its head office. The remaining 50% interest is owned by a Company 
controlled by an executive and director of Killam. In addition, the property manager for the commercial complex is controlled by the 
executive and director and is paid an industry standard property management fee.
 Key management personnel remuneration
 The remuneration of directors and other key management personnel which include the Directors, President & Chief Executive 
Officer, Executive Vice‑President and Chief Financial Officer, and Vice‑Presidents of Killam during the years ended December 31, 
2013, and 2012 was at follows: 
2013 2012
Salaries, board compensation and incentives     $2,371 $2,892
r estricted share awards     847 633
t otal     $3,218 $3,525
29.  Subsequent Events 
on January 20, 2014, and February 18, 2014, the company announced dividends of $0.05 per share, payable on February 17, 2014, and 
march 17, 2014, to shareholders of record on January 31, 2014, and February 28, 2014.
Killam ProPerties inc | 2013 95