July 15, 2022
Kingston Properties Limited (KPREIT) has advised that through its wholly owned subsidiary, Kingston Properties Miami LLC, it 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. The property is a value-add opportunity that was acquired for a consideration of USD12.7 million and was financed by debt and equity from the partners – with KPREIT owning a stake of approximately 45%.
For further details, visit www.jamstockex.com.
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