text: <html>
          <head> <meta charset="UTF-8">
          <style>
          table, th, td {
              border: 1px solid black;
              font-size: 10px;
          }
          </style> </head>
          <body>
          <table frame="hsides" rules="groups" width="100%%">
              [html]<thead><tr><td>Segment</td><td>Apartments</td><td>MHCs</td><td>Other</td><td>IPUC</td><td>Total</td></tr></thead><tbody><tr><td>Level</td><td>3</td><td>3</td><td>3</td><td>3</td><td>Balance, beginning of year</td></tr><tr><td>$ 1.126.189</td><td>$ 168.401</td><td>$ 2.134</td><td>$ 57.941</td><td>$ 1.354.665</td><td>Eaic. uglue. gains. included. in. net. income</td></tr><tr><td>Fair value gains on investment property</td><td>1.272</td><td>11.798</td><td>-</td><td>-</td><td>13.070</td></tr><tr><td>Acquisitions and dispositions</td><td>Acquisitions</td><td>118.277</td><td>1.390</td><td>-</td><td>7.294</td></tr><tr><td>126.961</td><td>Dispositions</td><td>-</td><td>( 69.680 )</td><td>-</td><td>-</td></tr><tr><td>( 69.680 )</td><td>Other. movements</td><td>Transfer from IPUC</td><td>70.315</td><td>-</td><td>-</td></tr><tr><td>( 70.315 )</td><td>-</td><td>Capital expenditure on investment property</td><td>18.100</td><td>3.505</td><td>42</td></tr><tr><td>-</td><td>21.647</td><td>Capital expenditure on IPUC</td><td>-</td><td>-</td><td>-</td></tr><tr><td>28.356</td><td>28.356</td><td>Interest capitalized on IPUC</td><td>-</td><td>-</td><td>-</td></tr><tr><td>1.097</td><td>1.097</td><td>Balance, end of year</td><td>$ 1.334.153</td><td>$ 115.414</td><td>$ 2.176</td></tr><tr><td>$ 24.373</td><td>$ 1.476.116</td></tr><tr></tr><tr></tr></tbody>
          </table> </body> </html>