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Killam Apartment REIT Announces Updates Relating to COVID-19 Pandemic
Killam Apartment REIT Announces Updates Relating to COVID-19 Pandemic Canada NewsW...
About this update from Killam Apartment Reit
[{"type":"text","content":"\n\n\n\nKillam Apartment REIT Announces Updates Relating to COVID-19 Pandemic\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, March 26, 2020\n\n\n\nHALIFAX, March 26, 2020 /CNW/ - Killam Apartment REIT (TSX: KMP.UN) recognizes the impact COVID-19 is having on all stakeholders. Our priority is the health and safety of our employees, residents, partners and communities. 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 COVID-19. Killam has been actively monitoring the growing impact of the virus and has implemented its Pandemic Illness Plan to help lessen the spread of the virus and maintain the continued good health of our stakeholders.\nKillam has activated the following actions in response to the COVID-19 pandemic:\nOur Residents\nWe have increased the frequency and thoroughness of our cleaning of high-touch areas at our properties. We have closed amenity spaces to assist with social distancing, including gyms, libraries, social rooms and theatres. We will not evict any of our residents whose rental payments run into arrears because of financial hardship caused by COVID-19 during this period of crisis. We will work with those of our residential and commercial tenants facing financial hardship to find flexible payment solutions on a case-by-case basis. We have waived the collection of recent rental increases and will suspend collection of further rental increases during this period of crisis, beginning with the April 1, 2020 rent payment.Our Employees\nWe 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.  Our employees are working remotely where possible, thereby limiting the number of employees in any given office or property at one time. We are providing paid time-off for all Killam employees who are required to self-isolate or who are ill, as well we have temporaril...