text: **Geographic**
  **Diversification**
  
  2013 acquisition 
  program to include 
  investments in Ontario. 
  
  Target achieved. Killam acquired $55 million in 
  Ontario real estate in 2013, representing 45% 
  of its acquisition program in the year. Assets 
  acquired included a 102-unit property in 
  Ottawa, a newly built, 179-unit, mixed-used 
  property in downtown Toronto and a 5.2 acre 
  parcel of land for development in Cambridge, 
  Ontario. 
  
  **Growth in Same Store**
  **Net Operating Income**
  **(NOI)**
  
  Same store NOI growth 
  of 2% to 4% in 2013. 
  
  Target not achieved. Despite generating 1.8% 
  growth in same store revenue, high natural gas 
  prices in Atlantic Canada caused total same 
  store utility and fuel expenses to increase 13.8% 
  during the year, which resulted in a decrease in 
  same store NOI of 0.4% for the year. 