Killam Apartment Real Estate Investment Trust is a growing Canadian investment trust company. They focus on operating and developing innumerable family-oriented apartment buildings and manufactured home communities. According to Killam’s annual report in 2015, their portfolio includes $1.8 billion in real estate assets, which are located mostly in Atlantic Canada with 80% of net operating income. The remaining 20% are dispersed between Ontario with 18% and Alberta with 2% of net operating income.
Killam Apartment’s mission statement is as follows “To have a team of caring staff deliver clean, safe, quality housing to tenants who are proud to call our properties home”(Killam Apartment REIT annual report, 2015). A mission statement identifies the boundaries of a company’s current business. This includes the types of existing customers being served, what present products and services are offered and in which geographic coverage. Killam’s mission statement does not use specific …show more content…
In this case, Killam properties do not hold a precise vision statement instead they live by their core values. On the Killam website, they highly accentuate their five essential beliefs and traits that they strongly abide by: build community, curb appeal, do the right thing, strong customer relationship and creative solutions. In their opinion, these values are sturdily incorporated into the company’s operations and work practices making it noticeable through a number of initiatives. For instance, Killam obeys a philanthropic responsibility, which is fulfilled by annually donating six furnished suites to hospitals, contributing financial funding for diverse charities and many other efforts. Another example, Killam supports affordable housing alternatives such as offering temporary rent relief for tenants enduring financial
Killam Apartment’s mission statement is as follows “To have a team of caring staff deliver clean, safe, quality housing to tenants who are proud to call our properties home”(Killam Apartment REIT annual report, 2015). A mission statement identifies the boundaries of a company’s current business. This includes the types of existing customers being served, what present products and services are offered and in which geographic coverage. Killam’s mission statement does not use specific …show more content…
In this case, Killam properties do not hold a precise vision statement instead they live by their core values. On the Killam website, they highly accentuate their five essential beliefs and traits that they strongly abide by: build community, curb appeal, do the right thing, strong customer relationship and creative solutions. In their opinion, these values are sturdily incorporated into the company’s operations and work practices making it noticeable through a number of initiatives. For instance, Killam obeys a philanthropic responsibility, which is fulfilled by annually donating six furnished suites to hospitals, contributing financial funding for diverse charities and many other efforts. Another example, Killam supports affordable housing alternatives such as offering temporary rent relief for tenants enduring financial