Jamaica's first real estate investment trust, the Carlton Savannah REIT was introduced to the market recently. Carlton Savannah is regarded as premium real estate located in Port of Spain, in the strong and growing economy of Trinidad. For as little as J$60,000, investors had the opportunity to participate in the appreciating real estate market in Trinidad and Tobago. The IPO closed on June 13 after a two week extension, however despite early optimism the Jamaica Gleaner reports that there is speculation that the IPO did not attract as much investors as the ceators had hoped, perhaps because of lack of investor knowledge of the product. It still however listed on the JSE and the outlook remains positive.