About KPL

Incorporated in Jamaica as a real estate investment company, Kingston Properties Limited (KPREIT) formerly known as Carlton Savannah (REIT) Jamaica Limited
Kingston Properties Limited (KPREIT) is the premier publicly traded real estate investment company listed on the Jamaica Stock Exchange (JSE) under the ticker symbol, KPREIT. Kingston Properties Limited specializes in value-add commercial property investments in the office, industrial, multi-family, and mixed-use space with properties in Jamaica, The Cayman Islands and The United States of America. Our tenants are a mix of residential clients and medium to large-sized companies across industries with local, regional, and international operations. Headquartered in Kingston, Jamaica, the company began operations in 2008 during the period known as the Great Recession. Formerly known as Carlton Savannah REIT (Jamaica) Limited, the Company changed its name to Kingston Properties Limited in October 2009.
The primary objective of the Company is to create and constantly grow shareholder returns through a diversified property portfolio that generates above-average net income yields and higher asset values at disposal and distribute those gains through consistent and stable dividends.

Our Mission

To generate extraordinary returns for our shareholders through the acquisition, development, leasing and management of global real estate, executed by our talented, committed team, in a socially and environmentally responsible way.

Our Vison

To be readily recognized as THE pioneering REIT based in the Caribbean known for creating exceptional and sustainable value for our stakeholders.

KP REIT Purpose

We make real estate investing accessible and rewarding to people at all levels.

Our Values

Integrity

Our word is our bond.

Accountability

We take responsibility for our actions and results; we place the interests of our stakeholders first.

Results Driven

We are focused on achieving success; we pursue excellence in everything we do.

Innovation

We find new and better ways to solve problems and achieve results; we stretch beyond our perceived abilities to attain success.

KPREIT TIMELINE

2008
  1. Carlton Savannah REIT (Jamaica) Limited Raises J$400 Million in an IPO.
  2. 7 Condo Units were purchased in the Carlton Savannah Hotel Port of Spain, Trinidad.
2009
  1. Name changed to Kingston Properties Limited.
  2. 7 condos in the Carlton Savannah Hotel sold for a profit.
2010
  1. Kingston Properties Miami (KPM) LLC formed.
  2. 19 condo units acquired in the Loft II building downtown Miami, Florida.
  3. Acquired 33,000 square feet property at 83 Hagley Park Road.
2011
  1. Fully tenanted over 49,000 square feet office and warehouse building on Red Hills Road acquired.
2013
  1. A 20-acre property in Waterworks, Westmoreland slated for a housing development was acquired.
2014
  1. Acquired a 19 unit apartment building in Little Havana, Miami.
2015
  1. Hagley Park Road property sold.
  2. Raised J$650M in a renounceable rights issue.
  3. Acquired 5 condo units in Midblock, Miami and 4 units at the W Fort Lauderdale.
  4. Little Havana property sold.
2016
  1. Negotiated USD$5.8 million in loans to acquire additional properties in Jamaica, USA and Cayman.
  2. Acquired 3 units at Opera Tower in Miami.
2017
  1. Acquired first property in the Cayman Islands.
  2. Completed a 1:1 stock split.
    Sold the 20 acre property in Westmoreland.
  3. Acquired the 57,000 square feet Spanish Town Road Warehouse property.
2018
Acquired 32,000 square feet Grenada Crescent office building.
2019
  1. Raised JMD$2 Billion in renounceable rights issue.
  2. Second property was acquired in the Cayman Islands.
2020
  1. Acquired the fully tenanted Harbour Centre multi story office building in Cayman for US$10.7 million.
  2. Acquired 88,000 square feet East Ashenheim Warehouse property.
2021
  1. Published Record Profit of US$3 Million.
  2. Secured J$700 million loan to acquire 5 properties in Jamaica, USA and Cayman.
  3. Entered the Atlanta multi-family market with partners Apex Developers and acquired Polaris at Camp Creek.
2022
  1. Raised J$1.55B in an additional public offering
  2. Made second Atlanta multi-family purchase – Polaris at East Point.
  3. Reported record total revenues and profit
Kingston Properties Ltd.
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