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              [html]<thead><tr><tdcolspan="2">Consolidation of Multi - family Residential Real Estate Market</td></tr></thead><tbody><tr><td>2013 Target</td><td>Complete approximately $ 75 -$ 125 million in acquisitions.</td></tr><tr><td>2013 Performance</td><td>Killam completed $ 12.2. 1. million in acquisitions in 2013 which includes $ 12.8 million in apartment acquisitions, $ 2.4 million for 65 MHC sites and $ 6.9 million in vacant land for future developments.</td></tr><tr><tdcolspan="2">Increase Investment in New Properties</td></tr><tr><td>2013 Target</td><td>Focus on newer properties as part of the acquisition program in 2013. Complete and lease - up Killam ’ s four developments, and commence two new development projects.</td></tr><tr><tdrowspan="3">2013 Performance</td><td>During 2012 Killam asquired SS2 units which were constructed after 2003, representing 14 % of the total units added to the portfolia staining the year. The acquisitions included three building constructed in 2013, an IEI - unit luxury bal</td></tr><tr><td>The Company also completed the construction of four development projects totaling. SD antisting the first haff of the year. These buildings were all ready for occupancy by the beiginning of May 2013 with leave up personsitis varying fori</td></tr><tr><td>Killam commenced two rewa development projects during the year. Development started on a 1203 until projects in State / s in D. don ’ t in 0.023. and a 22 and projects ' s Combige benefiele ground in December 2013. Pleus refer to the Investment</td></tr></tbody>
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