RTTNews says land lease community owner (LLC) Killam Properties, Inc. (TSX:KMP), of Halifax, Nova Scotia, Canada has closed its public offering of $46 million of 5.45 percent convertible subordinated debentures due June 30, 2018. Canada NewsWire’s Digital Journal says a syndicate of underwriters led by RBC Capital Markets backed the offering. Killam intends to use the money for acquisitions, development and to decrease indebtedness. According to the 2011 Allen Report, Killam operates 55 LLCs with 9,290 home sites, and ranks 17th on the list. The previous year it ranked 19th. In our May 11 daily business news, we reported their positive financial performance from the first quarter 2011 over the same period 2010, and noted the CEO’s desire for acquisitions later this year.