text: The judgments, estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized 
  in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the 
  revision affects both current and future periods. 
  
  **Judgments Other Than Estimates**
  
  In the process of applying the Company’s accounting policies, management has made the following judgments, which have the most 
  significant effect on the amounts recognized in the consolidated financial statements: 
  
  *Property Acquisitions*
  When investment properties are acquired, management considers whether the acquisition represents the acquisition of an asset or a 
  business. The Company accounts for an acquisition as a business combination where an integrated set of activities is acquired in addition to 
  the property. More specifically, consideration is made of the extent to which significant processes are acquired and, in particular, the extent 
  of ancillary services provided by the subsidiary (e.g., maintenance, cleaning, security, bookkeeping, leasing operations, etc.). 
  
  Management believes that the majority of the Company’s acquisitions will be classified as asset acquisitions. During the acquisition of 
  most properties, Killam buys the asset itself and any short‑term leases that are in place. Generally, Killam does not purchase any business 
  systems or processes with a property. Management considers an acquisition to be a business combination if all the following criteria are 
  met: 