Kingston Properties Ltd enters into a binding agreement to purchase residential condiminium space

Kingston Properties Limited had advised that it has entered into a binding agreement to purchase approximately 19 units or roughly 16,000 square feet of residential condominium space in the Loft II building located at 133 NE 2nd Avenue in downtown Miami, Florida . Each unit is tenanted with one year renewable lease term. The closing of the transaction for the units in the Miami Loft II building is expected to be completed by mid March, 2010.