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A&b Expands Commercial Real Estate Portfolio Through Reinvestment Of Maui Agricultural Land Sale Proceeds

by benzinga.com posted 1month ago 165 views
HONOLULU, May 22, 2019 /PRNewswire/ -- Alexander & Baldwin (A&B) (NYSE:ALEX) recently deepened its investment in Hawaii through a series of off-market acquisitions of commercial real estate properties, further establishing the company as the state's foremost owner of grocery-anchored shopping centers while also bringing additional diversity to its commercial real estate portfolio. The process started in December 2018 when A&B sold 41,000 acres of agricultural farmland on Maui. The proceeds from that sale funded the new commercial real estate acquisitions.

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