Special Advisory: Kingston Properties Limited (KPREIT)

Date: February 14, 2019

Kingston Properties Limited (KPREIT) has advised that the Company has completed the sale of a condo unit at the Midblock Condominium complex in Midtown, Miami, Florida. In addition, a unit at the Loft II Condominium complex has gone into contract and the sale is expected to close in March 2019. The combined consideration for both units is approximately USD450,000.00 and the net proceeds from the sales will be deployed towards the acquisition of other properties and the reduction of debt. KPREIT has further advised that 785 KPREIT shares were purchased on February 11,2019 under the Company’s share buyback programme.

2019-02-14T20:57:27+00:00