text: *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 would consider an acquisition to be a business combination if all the following criteria were met: 