Special Advisory: Kingston Properties Limited (KPREIT)

May 25, 2018

Kingston Properties Limited (KPREIT) has advised that on May 23, 2018, KPREIT completed a further advance on an existing loan facility with Terrabank, N.A. in Florida, and that the sum of the advance was USD800,000.00, which will be used for acquisition of new properties.

KPREIT further advised that the Company closed on the sale of a condo unit at the Loft II in Downtown Miami and is in negotiations for the sale of two other units in that building.  KPREIT states that the units were acquired in June 2010 as part of their initial foray into the US market.

 

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2018-05-25T18:48:00+00:00