text: **Depreciation Expense**
  
  For the years ended December 31, 
  
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              [html]<thead><tr><td>2013</td><td>2012</td><td>% Change</td></tr></thead><tbody><tr><td>Tntal</td><td>< underline > X </ underline > group</td><td>< underline ></ underline > 55 </ underline ></td></tr><tr><td>Q 1 %</td></tr></tbody>
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  Depreciation expense relates to the Company’s head office building, vehicles, heavy equipment and administrative office furniture, fixtures 
  and computer equipment. Although the vehicles and equipment are used at various properties, they are not considered part of investment 
  properties and are depreciated for accounting purposes. The increase year‑over‑year was a result of depreciation of additional vehicles, 
  computer software and leasehold improvements. 