text: • The acquisition includes a property portfolio (multiple buildings), 
  • A significant staff complement is included, including a maintenance team, leasing representatives and property management personnel, and 
  • Systems are acquired and continue to be incorporated into operations. 
  
  *Investment Properties*
  The Company’s accounting policies relating to investment properties are described in Note 2(F). In applying this policy, judgment is applied in 
  determining whether certain costs are additions to the carrying amount of the property and, for properties under construction, identifying 
  the point at which substantial completion of the property occurs and identifying the directly attributable borrowing costs to be included in the 
  carrying value of the development property. Judgment is also applied in determining the extent and frequency of independent appraisals. 
  
  *Leases*
  The Company has entered into residential property leases on its investment property portfolio. The Company has determined, based on an 
  evaluation of the terms and conditions of the arrangements, that it has not transferred all the significant risks and rewards of ownership of these 
  properties and accounts for the contracts with tenants as operating leases. 
  
  *Financial Instruments*
  The Company’s accounting policies relating to financial instruments are described in Note 2(K). The critical judgments inherent in these policies 
  relate to applying the criteria set out in IAS 39 to designate financial instruments as fair value through profit and loss “FVTPL”, and determining 
  whether the Company has significant influence over investees with which it has contractual relationships in addition to the financial instrument it 
  holds. 
  
  *Taxes*
  The Company is subject to income and capital gains taxes in numerous jurisdictions. Significant judgment is required to determine the total 
  provision for current and deferred taxes. There are many transactions and calculations for which the ultimate tax determination and timing of 
  payment is uncertain. The Company recognizes liabilities for current taxes based on estimates of whether additional taxes will be due. Where 
  the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the income and 
  deferred tax provisions in the period in which the determination is made. Deferred tax assets and liabilities are recognized on a net basis to the 
  extent they are relating to the same fiscal entity and fall due in approximately the same period. 
  
  *Consolidation and joint arrangements*
  The Company has determined that it controls and consolidates the subsidiaries where it owns a majority of the shares. The Company is part 
  owner of one property in which it has a 47% interest. the company has determined that it does control this property as it operates and manages 
  the property, governs the financial and operating policies, and has the power to cast the majority of the votes at meetings of the board of 
  directors given the widely held distribution of the remaining ownership percentage. This property is accounted for on a consolidated basis. 