text: $2500 
  
  0 ‑ 10 years 
  11 ‑ 20 years 
  21 ‑ 30 years 
  31 ‑ 40 years 
  41 + years 
  
  $2000 
  
  $1500 
  
  $1000 
  
  $500 
  
  $‑ 
  
  As the above chart highlights, the capital spend per unit is less for newer properties, averaging $364 per unit in 2013, compared to $2,248 per 
  unit for buildings over 40 years old. This analysis excludes capital spending on development and energy projects. Killam’s continual focus on 
  developing and acquiring new properties aids in maintaining lower capital requirements on a per unit basis. 20% of Killam’s apartments as of 
  December 31, 2013, have been built in the past ten years. 
  
  Killam expects to invest approximately $22 million to $24 million during 2014 on apartment portfolio capital investments. 