Leadership Change at Killam of Canada

Land lease community (LLC) owner Killam Properties, Inc. of Halifax, Nova Scotia, Canada announces George J. Reti has retired as chairman of the board and director effective Nov. 29, 2013. He joined the board when Killam became publicly-traded in 2002 and served as chairman since 2003, taking the company from its start-up with $12 million to its current portfolio worth $1.6 billion. MHProNews has learned from wsj.com board member Robert G. Kay is the new non-executive chairman of the board. In addition, Killam finalized the sale of its 2,308 site New Bunswick manufactured housing community for $69 million, realizing a net of $42.6 million after paying off outstanding mortgages. The company is one of the largest manufactured housing community owners in Canada.

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