We have a diversified and high-quality lender base and 80% of our mortgage debt is CMHC insured. The timing for starting new developments will be dependent on the length and depth of the COVID-19 pandemic.Yes, we do not anticipate issues on construction draws.Killam has the flexibility to adjust its capital program. Sarah Whitford. We enforce self-isolation as directed by our health authorities for employees who have travelled, or have been in contact with a carrier, or who are symptomatic.Killam has activated the following actions in response to the COVID-19 pandemic:Communications with our tenants and employees is a priority. This was driven by beats across all four of the company's segments: medical office was up 2.0% (compared with our estimate of 1.1% growth), life science was up 3.1% (2.7%), senior housing was down only 0.1% (3.5% decline), and other properties were up 4.2% (2.2%). This pause in certain capital projects may lead to a reduction in Killam’s capital spend in 2020 compared to the original estimate of between $70 and $75 million.As of April 8, 2020, mortgage financings and renewals have progressed on schedule with no mortgage financing delays noted as a result of COVID-19. Stock Quotes . Killam owns, manages and develops multi-family residential properties in Atlantic Canada, Ontario and Alberta. At this time, additional costs associated with the delays are not expected to be material.
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We will work with tenants to discuss payment options for those facing financial hardship. Since January 2000, H&R REIT has offered Canadian registered unitholders the opportunity to participate in its Unitholder DRIP and Unit Purchase Plan.
This is generally in line with the average rent collected by the eighth day of the month. HTA, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in the United States, comprising over 24 million square feet of GLA The DRIP allows participants to reinvest their monthly cash distributions in additional units of H&R REIT at the weighted average price of the units on the TSX for the five trading days immediately preceding the cash distribution date. Stockholders can access general and account information online at www.shareowneronline.com; 800-468-9716
Home > Investor Relations > IR Home. Also, we have made the decision to waive the collection of rental increases and will not issue any further rental increases during this period of crisis, beginning with the April 1, 2020, rent payment.No, we do not anticipate any issues with completing upcoming mortgage refinancings. This compares with first quarter occupancy in 2019 of 97.1% and 97.8%, respectively. Our staff are working remotely, when possible, with a limited number of staff in any given office or property. The cautionary statements qualify all forward-looking statements attributable to Killam Apartment REIT and persons acting on its behalf.
About Us. About Us. These seasonal MHCs may have a delayed opening for the 2020 season due to emergency measures currently imposed in Ontario and New Brunswick.Killam has established a Covid-19 Response Committee (CRC) focused on monitoring this evolving pandemic and has developed the Pandemic Illness Plan as a guideline to help mitigate and manage the spread of the virus. The Unit Purchase Plan allows participants to purchase additional units on a monthly basis at the Average Market Price subject to a minimum purchase of $250 per month (up to a maximum of $13,500 per year) for each participant.For more information on the DRIP and/or the Unit Purchase Plan, please email us through the “Contact Us” web page, or contact the plan agent: AST Trust Company (Canada), P.O.
Investor Relations Wireless infrastructure to enable a connected world. Killam recognizes that as a property owner, business operator, employer and community member, we have an important role to play in managing and controlling the spread of the COVID-19 virus. Healthpeak reported same-store net operating income growth of 2.0%, ahead out our 0.7% estimate for the first quarter. Closing amenity spaces enables cleaning resources to better focus on the areas that tenants more regularly frequent.Leasing activity has continued following the onset of the pandemic as leasing agents are readily able to work remotely. We will closely monitor traffic and turnover levels in the coming months as we approach our peak leasing season.We are providing support to our Killam employees across the country, assisting them as they adjust their routines and cleaning practices in the face of this challenge. In addition, we have an accordion feature on one of these lines for an additional $20 million.Killam’s turnover in 2019 was 30%.