text: **$1,532,431**
  
  **$928,371**
  
  **$21,647**
  
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              [html]<thead><tr><td>As at and for the year ended December 31.2012</td><td>Apartments</td><td>MHCs</td><td>Other</td><td>Total</td></tr></thead><tbody><tr><td>Property revenue</td><td>$ 110.463</td><td>$ 22.653</td><td>$ 525</td><td>$ 133.641</td></tr><tr><td>Property operating expenses</td><td>( 44.888 )</td><td>( 8.421 )</td><td>112</td><td>( 53.197 )</td></tr><tr><td>Net operating income</td><td>$ 65.575</td><td>$ 14.232</td><td>$ 637</td><td>$ 80.444</td></tr><tr><td>Home sales, equity income & corporate income</td><td>-</td><td>-</td><td>2.189</td><td>2.189</td></tr><tr><td>Financing costs</td><td>( 22.954 )</td><td>( 5.035 )</td><td>( 6.644 )</td><td>( 34.633 )</td></tr><tr><td>Depreciation and amortization</td><td>( 846 )</td><td>( 559 )</td><td>( 740 )</td><td>( 2.145 )</td></tr><tr><td>Administration</td><td>( 1.710 )</td><td>( 461 )</td><td>( 6.661 )</td><td>( 8.832 )</td></tr><tr><td>Income before fair value gains, loss on disposition and income taxes</td><td>$ 40.065</td><td>$ 8.177</td><td>$( 11.219 )</td><td>$ 37.023</td></tr><tr><td>Total assets</td><td>$ 1.244.087</td><td>$ 188.834</td><td>$ 10.207</td><td>$ 1.443.128</td></tr><tr><td>Total liabilities</td><td>$ 585.050</td><td>$ 84.148</td><td>$ 185.494</td><td>$ 854.692</td></tr><tr><td>Capital expenditures</td><td>$ 19.039</td><td>$ 3.345</td><td>$ 83</td><td>$ 22.467</td></tr><tr></tr></tbody>
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