text: **Development Risk**
  Development risk is the risk that costs of developments will exceed original estimates, unforeseen delays occur and/or units will not be leased in 
  the timeframe and/or at rents anticipated. Killam minimizes its exposure to development risk my limiting the amount of development underway 
  at any one time. To reduce the Company’s exposure to price increases, Killam enters into fixed‑rate contracts when possible. To reduce the 
  lease‑up risk, Killam does extensive market research in advance of each development to support expected rental rates, and pre‑markets its 
  properties early on in the process, to increase demand for the new developments. 