text: **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: 