KPREIT IS COMMITTED TO BUILDING A SUSTAINABLE RELATIONSHIP WITH THE COMMUNITIES IN WHICH THEY INVEST.
SHARING THE WEALTH Sustainable Business Magazine speaks to Kevin Richards, CEO at Kingston Properties Limited about successful real estate investing, corporate social responsibility, and engaging young people in the community. Kingston Properties Limited is a Jamaican real estate investment company which is listed on the Jamaica Stock Exchange under the symbol KPREIT. Kingston Properties invests in, owns, and manages real estate properties, and has a mission to provide an above-average rate of return to investors through dividends and capital appreciation from their real estate portfolio. Now in their 10th year of operations, Kingston 24 | SUSTAINABLE BUSINESS MAGAZINE
Properties Limited was founded at a time of considerable financial uncertainty and turbulence. Through sound planning and a regularly reviewed investment strategy, the company has seen their portfolio and value increase year on year, with ongoing investments in several new markets. “We began operations at the start of the global recession, after real estate prices in most major markets had started
to plunge,” says Kevin Richards, CEO at KPREIT. “Our first project was a hotel condo project in Trinidad and Tobago called the Carlton Savannah. We exited that in 2010 and embarked on taking a foothold in the South Florida market. We saw greater opportunities there because it was at a time when condo prices had hit rock bottom, and we acquired 19 units in a downtown Miami building called The Loft 2. When
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