text: Administrative expenses as a percentage of revenues were lower in 2013 due to increased capitalized overhead as a result of the increased 
  capital spending on the developments and the remaining portfolio, a decrease in consulting and professional fees, lower incentive payments and 
  a reduction in salary related costs year‑over‑year. Theses savings were offset by an increase in marketing costs which aided in Killam’s success in 
  reducing vacancy in most regions. 
  
  Management targets annualized administrative costs at approximately 6.0% of total revenues. 