Lofts North at Waikoloa

Executive Summary

Waikoloa Village Lofts North, LLC owns two fee simple parcels that total 7.67 acres, of which 5 acres are for the development of (129) two-bedroom / one-bath ocean view residential apartment units at 692 square feet each in the upscale community of Waikoloa Village, HI.

Lofts North at Waikoloa (the “Property”) will include (24) three-story walk-up buildings with a design that is exclusive to the owner. Scheduled for completion in April 2024, the Property is part of a $650 million mixed-use development with the adjacent Foodland anchored Waikoloa Plaza retail shopping center and future Holiday Inn Express® hotel. The Property is also zoned for short-term vacation rentals which can provide a real estate investor the opportunity to significantly increase annual net rental