text: The Company’s $10.0 million of unsecured subordinated debentures expired, and were repaid, on January 4, 2013, and consisted of three 
  tranches of $2.5 million, $2.5 million, and $5.0 million, bearing interest at 5.92%, 6.06% and 6.33%, respectively. Related warrants associated 
  with the subordinated debentures also expired on January 4, 2013. 
  
  **Construction Loans**
  
  At December 31, 2013, the Company had access to a floating rate non‑revolving demand construction loan for the purpose of financing the 
  development of The Plaza and payments are made monthly on an interest‑only basis. The construction loan has an interest rate of prime plus 
  0.75%. The construction loan will be repaid in full and converted into a CMHC insured mortgage once rental targets have been achieved. As at 
  December 31, 2013, $14.8 million was drawn at an interest rate of 3.75% (December 31, 2012 ‑ $14.1 million). 
  
  **Credit Facility**
  
  The Company has a credit facility with a major financial institution, which consists of a $2.0 million revolving demand facility that can be used for 
  the Company’s acquisition program and general business purposes. The interest rate on the debt is prime plus 125 bps on prime rate advances 
  or 225 bps over Banker’s acceptances (Bas). Killam has the right to choose between prime rate advances and Bas based on available rates and 
  timing requirements. At December 31, 2013, the Company had assets with a fair value of $1.7 million pledged to the line and had a balance 
  outstanding of $Nil (December 31, 2012 ‑ $Nil). 