KPREIT marks 15th anniversary with house donation to Callaloo Mews mom
Thirty-eight-year-old mother of two, Marlene Rose, was a picture of pure joy as she received the keys to a new house courtesy of Kingston Properties Limited, through Food For The Poor (FFP) Jamaica. The donation, which was made on Monday (April 24) as part of Kingston Properties’ 15th-anniversary celebrations, saw Rose, her partner and two children abandoning […]
Kingston Properties Limited donates house to Callaloo Mews mother
Thirty-eight-year-old mother of two, Marlene Rose, was a picture of pure joy as she received the keys to a new house courtesy of Kingston Properties Limited, through Food For The Poor (FFP) Jamaica. The donation, which was made on Monday (April 24) as part of Kingston Properties’ 15th anniversary celebrations, saw Rose, her partner and […]
KPREIT pulls back from Dumfries Road expansion
Kingston Properties Limited is pulling back from a prime acquisition in the heart of the New Kingston business district. The real estate investor, also known as KPREIT, bought the 7 Dumfries Road property in early 2021 for just over US$1.25 million… Read full article here
KPREIT on the hunt for distressed properties
Real estate investment company Kingston Properties Limited, known as KPREIT, is on the hunt for distressed properties whose owners may be finding it difficult to sustain their investments under current economic conditions. CEO Kevin Richards says the expectation is that the relatively high interest rate regimes in play in North America and Jamaica will continue […]
Higher rental income, unit sales lift profit for Kingston Properties
DESPITE foreign exchange pressures, higher financing costs and administrative expenses, Kingston Properties Limited (KPREIT) reported profit after tax in the second quarter of 2022 totalling US$367,924 compared to US$302,703 for the second quarter of 2021, representing an increase of 21.5 per cent. For the six-month period ended June 30, profit increased by 16.9 per cent […]
Kingston Properties Limited (KPREIT) – Dividend Consideration
Kingston Properties Limited (KPREIT) has advised that its Board of Directors will consider a dividend payment to its shareholders at a meeting scheduled for October 13, 2022. Read more Source: JSE
Kingston Properties in 2nd partnership with US-based Apex Development
Jamaica-based Caribbean real estate development company, Kingston Properties Limited, which trades under the name KPREIT, has entered into a second partnership with Apex Development Group LLC (Apex) out of the United States. Through its wholly owned subsidiary, Kingston Properties Miami LLC has partnered with Apex Development Group to form Polaris at East Point Partners LLC, […]
Minutes of the KPREIT Annual General Meeting – July 12, 2021
Minutes of the Annual General Meeting of Kingston Properties Limited, held at Knutsford Court Hotel – Blue Mountain Suite 16 Chelsea Avenue Kingston 5 on Wednesday July 14, 2021 @ 10 a.m. Download Minutes
Kingston Properties Limited (KPREIT) Enters Partnership Agreement To Acquire Second Atlanta Multi-Family
Kingston Properties Limited (KPREIT), through its wholly owned subsidiary, Kingston Properties Miami LLC, entered into another partnership agreement with Apex Development Group LLC (Apex) and has formed Polaris at East Point Partners LLC (Polaris EP). On July 13, Polaris EP closed on the acquisition of a 118-unit multi-family property located in East Point, Atlanta, Georgia. […]
Kingston Properties’ APO oversubscribed
Real Estate investment company, Kingston Properties Limited has surpassed its target of raising $1.5 billion in its latest additional public offering (APO) which closed on Friday, June 10, 2022. The offer, which was extended by four weeks, received over 2,500 applications and raised $1.552 billion. “The success of this offer is further evidence of the […]
