text: Killam also has a 19% market share in Charlottetown, the capital and economic center of Prince Edward Island. 
  
  **Expanding Ownership in Ontario**
  
  Killam’s apartment portfolio includes 1,359 apartment units in Ontario, up from 225 units three years ago, and includes properties in Ottawa, 
  Toronto, London and Cambridge. In addition to apartments, 42% of Killam’s MHC sites are located in Ontario. Killam is focused on increasing its 
  geographic diversification by acquiring more properties in Ontario. 
  
  **A Diversified Portfolio of Apartment Properties**
  
  Killam’s apartment portfolio includes a variety of property types, including high‑rise (24% of units), mid‑rise with elevators (33%) , walk‑ups (41%) 
  and a small number of townhouses (2%). The portfolio includes rents ranging from affordable to high‑end Class A properties. The average rent 
  for Killam’s apartment units at the end of 2013 was $915. 
  
  The average age of Killam’s apartment portfolio is 28 years. With a focus on both developing and acquiring newer properties, 23% of Killam’s 
  apartments are considered new (built after 2001), on a unit count basis. Compared to the national average of 7%, as per CMHC’s 2010 Housing 
  Observer, Killam’s portfolio is considerably newer and should result in lower capital and maintenance costs for the foreseeable future. 43% of 
  Killam’s noi is generated from apartment units that are considered new, with 20% of the company’s noi generated from units built in the last 
  five years. 