Kingston Properties Limited (KPREIT) – New Loan and Sale of Condos in Florida

Posted: May 25, 2018 at 9:31 am

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.

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