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JAMAICA REAL ESTATE INVESTMENT TRUSTS (REITs)

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Kingston Properties Limited started operations in May 2008. It was formerly known as Carlton Savannah (REIT) Jamaica Limited. The company was incorporated in Jamaica to be the premier real estate investment company that acquires, owns, leases, and manages real estate properties on behalf of its shareholders. The vision of the company is to be the leading REIT know for creating shareholders value by its consistent and stable dividends. 

 

Kingston Properties Limited shareholders benefit from both the appreciation of the value of the properties owned, as well as, the distribution of the income derived from these assets.

PROVEN REIT Limited (PREIT), a wholly-owned subsidiary of PROVEN Investments Limited (PIL), is the real estate investment and development arm of PIL, focusing on residential and commercial real estate locally and internationally.

 

In 2012 the Company undertook its first residential real estate development, ‘ei8ht’, consisting of 31 studio apartments ranging from 520 to 730 Sq. Ft. The development was successfully completed in 2015 and is completely sold out.

 

PREIT’s second residential development, ‘The Sullivan’, which consists of 24 studio apartments ranging from 550 to 600 Sq. Ft. in a single 4 story building, was completed in 2017.

 

The company’s aim is to identify real estate investment and development opportunities and partnerships within Jamaica and the Caribbean region with a view to providing continued value for its stakeholders.

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Kacie Johnson is a licensed Jamaican Real Estate Agent for 8 years and a certified Paralegal for over 14 years.

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