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 for the rest of this year, and Kingston Properties considers it likely that properties will be placed on the market for sale as a result.

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