text: Management expects to spend between $300 and $400 in capital per MHC site on an annual basis. As with the apartment portfolio, a portion of 
  the MHC capital is considered maintenance capital and a portion is value enhancing. Management estimates that $100 per unit is maintenance 
  capital, including costs to support the existing infrastructure, and the remaining amount increases the value of the properties, with improved 
  roadways, ability to accommodate future expansion, and community enhancements, such as the addition of playgrounds. The cost of most 
  capital projects will be recovered through above guideline increases in the provinces with rent control, leading to increased NOI for the 
  investment. 
  
  For the year ended December 31, 2013, Killam spent $2.2 million on water and sewer upgrades, an increase of 22.1% over 2012 due to the 
  installation of several new water systems and upgrades to existing water and sewer infrastructure. This capital work fluctuates from year‑to‑year 
  with only $1.8 million invested in 2012 but $3.1 million in 2011. the high water upgrade costs in 2013 resulted in the per unit mHc spend being 
  above Killam’s expectation of $300 ‑ $400 per year. 