"Sygnus Real Estate Finance relentlessly pursues creative and flexible solutions to unlock value in real estate assets for our partners across the Caribbean whilst delivering risk adjusted returns for our investors and shareholders."

David Cummings

Vice President & Head of Real Estate & Project Finance
Unlocking Value in Real Estate

Sygnus Real Estate Finance (SRF), which started operations in August 2019, is a specialty real estate investment company which provides flexible financing to unlock value in real estate assets across the Caribbean region. SRF has Real Estate Investment Assets valued over US$97.50M and total Assets Under Management (AUM) of over US$99.01M. The focus for SRF is investing equity or debt in all forms of real estate—commercial, residential, industrial and hospitality. SRF invests at various stages of the real estate life cycle, including greenfield, brownfield, distressed and opportunistic. The company finances real estate opportunities with a short to medium-term investment horizon typically between 3 and 5 years. The focus is primarily on generating capital appreciation, and to a lesser extent current income, from its Real Estate Investment Assets.

Our Investments Strategy

The Firm primarily invests in real estate assets using flexible financing instruments and structures, including preference shares, equity (joint-ventures, land, ordinary shares etc.), asset swaps, profit sharing debt, secured debt, asset-backed debt, mezzanine debt, and other forms of flexible financing structures. These forms of financing are typically more aligned with unlocking and maximizing the value in real estate assets. SRF invests at the value creation stage of real estate and leverages its strong partnership with the foremost experts in architecture, engineering, surveying, and project management, to foster a culture of innovation. This holistic approach is anchored by our risk management strategy, which ensures that we deliver attractive risk-adjusted returns with downside protection for our shareholders.

Projects
Our Portfolio

Ocean’s Edge

Located in Discovery Bay, St. Ann, Jamaica. This development will feature 16 luxury oceanfront townhouses.

Surreal at Sugar Mill

28 luxury townhouses and homes, located in Montego Bay.

One Belmont

With its striking design and technological advancements, One Belmont dramatically upends the standard commercial office space experience.

Spanish Penwood (IMCA Jamaica)

Property investment project with IMCA Jamaica to build new corporate headquarters, on Spanish Town Road.

Mammee Bay Development

Just over 14 acres of prime beachfront property on Jamaica’s North Coast that promises to elevate the hospitality industry in Jamaica.

Lakespen, St. Catherine

55 acre property investment project to provide serviced lots for the future development of industrial warehouse space, in St. Catherine, Jamaica.

Former French Embassy

Located in Kingston 6, Jamaica, a property investment project to combine commercial and residential opportunities.

Monadh Rois

Prime residential lot located in the well sought after “Golden Triangle” area in Kingston, Jamaica.
Management Highlights
Three Months Ended November 30, 2023 (Q1 2024)

Shareholders Equity

J$7.67B

vs J$7.42B

Book Value

Per Share

J$23.48

vs J$22.71

Total Investment

Income

-J$30.96M

vs J$21.33M

Net

Loss

J$132.98M

vs J$172.50M

Real Estate

Investment Assets

J$14.96B

up 8.4%

Sygnus Real Estate Finance
INVESTOR CENTRE
SRF
Board of Directors