text: Total debt as a percentage of total assets has increased 130 bps to 52.9% from December 31, 2012. Management expects to maintain the 
  percentage of debt to total assets between 55% and 65%. This ratio is sensitive to changes in the fair value of investment properties, in particular 
  cap‑rate changes. A 10 basis point increase in the weighted average cap‑rate at December 31, 2013, would have increased the ratio of debt as a 
  percentage of total assets by 80 bps. 
  
  **2013 Refinancings**
  
  During the year ended December 31, 2013, Killam refinanced the following mortgages: 