Notes to the Consolidated Financial Statements Dollar amounts are in thousands of Canadian dollars (except share and per share amounts) 17 Share‑Based Compensation (continued) Restricted Share Unit Plan The Restricted Share Unit (“RSU”) Plan gives members of the senior executive team the right to receive a percentage of their annual bonus  and non‑executive members of the board of directors the right to receive a percentage of their annual retainer, in the form of restricted  shares in lieu of cash. The Compensation Committee has established the following parameters on the percentage of the annual bonus and  annual retainer which may be allocated to Restricted Shares: minimum Maximum Non‑executive board members ‑ % 100% Chief Executive Officer and Chief Financial Officer 50%  50% Other executives 25%  50% Killam will match the elected amount in the form of restricted shares having a value equal to the volume weighted average price of all  common shares traded on the TSX for the five trading days immediately preceding the date on which the compensation is payable. The  Restricted Shares earn notional dividends based on the same dividends paid on the common shares, and such notional dividends are used  to acquire additional Restricted Shares. The initial Restricted Shares and Restricted Shares acquired through notional dividend reinvestment  are credited to each person’s account and are not issued to the employee or board member until they redeem such Restricted Shares. the restricted shares will be redeemed and paid out by December 31 of the year in which the restricted shares have vested. the  Restricted Shares shall vest with the following schedule; (a) 50% on the second anniversary of the grant date; and (b) 50% on the third  anniversary of the grant date . The details of the restricted share units issued under the RSU plan are shown below: For the years ended December 31, 2013 2012 Number of  Shares Weighted  Average  Issue Price  number of  shares Weighted  average  issue Price Outstanding, beginning of year 100,209 $11.89 48,082 $10.96 Granted 50,070 11.90 49,265 12.84 redeemed (50,090) 11.09 ‑ ‑ Forfeited (12,226) 11.78 ‑ ‑ Additional restricted share distributions 6,382 12.06 2,862 11.34 Outstanding, end of year 94,345 $12.34 100,209 $11.89 For the years ended December 31,  2013 2012 Home sales revenues $2,598 $2,241 cost of home sales (2,226) (1,789) new home placement fees 17 98 Operating expenses (66) (81) income from home sales $323  $469 For the years ended December 31,  2013 2012 Property management fees $518 $363 interest and other revenue 228 599 $746 $962 19. Corporate Income 18. Home Sales Killam ProPerties inc | 2013  87