Warehouse Spaces for Rent
6,000 SQ FT and 31,000 SQ FT of warehouse space for rent. Contact us at 876-754-7840 or info@kpreit.com
Kingston Properties Limited (KPREIT) Considers Dividend
Kingston Properties Limited (KPREIT) has advised that their Board of Directors will consider a dividend payment to its shareholders at a meeting scheduled for January 26, 2021. https://www.jamstockex.com/kingston-properties-limited-kpreit-considers-dividend-4/
Kingston Properties to tap equities market again this year
Kingston Properties (KPREIT) is headed back to the equities market this year for additional funding for expansion. In a letter to shareholders published on the Jamaica Stock Exchange on Tuesday, KPREIT CEO, Kevin Richards said the company is returning to the capital markets in 2021 to “take advantage of more attractive assets that meet our […]
Foreign investors poised to flood U.S. real estate markets
There’s huge pent-up demand among wealthy foreigners to buy property in New York, Los Angeles, San Francisco and other cities — and some people began calling their money managers as soon as Joe Biden’s victory was announced. Why it matters: Cities whose economies are withering under the coronavirus may see a fresh jolt of life from the […]
Kingston Properties considering APO
Ever since the JMMB Group succeeded in raising new capital via an additional offer of ordinary shares last year, local companies have been lining up to follow suit as they seek funding for expansion. Kingston Properties Limited (KPREIT) is the fourth company to prepare for such an offer, the others being Proven Investments Limited and […]
Kingston Properties Limited (KPREIT) – Share Capital Increase
Kingston Properties Limited (KPREIT) has advised that at a meeting of its Board of Directors held on October 27, 2020, the Board agreed to recommend to shareholders that the maximum number of authorized shares of the Company be increased from 1,000,000,000 ordinary shares to 2,000,000,000 ordinary shares. KPREIT further advised that the recommendation is in […]
KPREIT Acquires Another Warehouse Property in Jamaica
Kingston Properties Limited (JSE Symbol: KPREIT) has completed the acquisition of an 88,000 SF warehouse property on just under four (4) acres of land in Kingston’s Industrial belt. The purchase was funded from cash resources for a consideration of $607.5 million on a sale and leaseback basis. KPREIT CEO, Kevin Richards says that the purchase […]
Inbound New York Buyers Boost Miami Soaring Home Sales in August
According to the Miami Association of Realtors, Miami-Dade County total home sales surged in August 2020. Miami-Dade County total residential property sales jumped 6.4% year-over-year, from 2,374 to 2,527. Miami single-family home sales jumped 16.6% year-over-year, from 1,164 to 1,357. Miami existing condo transactions decreased 3.3% year-over-year, from 1,210 to 1,170. “Pent-up demand, historically low […]
U.S. Home Prices up a Record-Setting 13 Percent Annually in August
According to a new report by Redfin, U.S. median home sale prices increased 13% from August 2019 to $319,178–the highest on record. This 13% year-over-year increase was the largest since October 2013. “Home price growth this high is making the housing market especially difficult for first-time homebuyers right now,” said Redfin chief economist Daryl Fairweather. […]
Orlando Housing Inventory Continues Free-fall as Prices Spike
The Orlando Regional Realtor Association is reporting this week that Orlando’s median price also continued on its upward path, while inventory again fell to a new low in August 2020. “Lack of inventory — not lack of buyer activity, as you would expect — is clearly shaping up to be the concerning result of the […]
