About KPL

Incorporated in Jamaica as a real estate investment company, Kingston Properties Limited (KPREIT) formerly known as Carlton Savannah (REIT) Jamaica Limited

commenced operations in April 2008, with the goal of being the premier real estate investing company that creates wealth for its shareholders. Following the principles of a Real Estate Investment Trust (REIT), the Company’s shareholders benefit from both the appreciation of the value of the properties owned, as well as, the distribution of the income derived from these assets.

Our “Buy Local, Own Global” motto refers to the fact that the ownership of shares in KPREIT means that various types of shareholders, even those with limited funds, can access a geographically diversified real estate portfolio that generates sustained cash flows.

Mission Statement

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

Vision Statement

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

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.
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.