M&A Deal Summary

A&B Properties Acquires The Collection

On October 6, 2014, A&B Properties acquired real estate company The Collection from Kamehameha Schools

Acquisition Highlights
  • This is A&B Properties’ 4th transaction in the Real Estate sector.
  • This is A&B Properties’ 5th transaction in the United States.
  • This is A&B Properties’ 5th transaction in Hawaii.

M&A Deal Summary

Date 2014-10-06
Target The Collection
Sector Real Estate
Buyer(s) A&B Properties
Sellers(s) Kamehameha Schools
Deal Type Divestiture

Target

The Collection

Honolulu, Hawaii, United States
website
The Collection will be made up of three residential components, all on a single urban block.The Collection's initial development phase, The Tower, is currently 76 percent sold. This 43-story high-rise, comprising 397 units, features ocean- and mountain-view, two- and three-bedroom residences priced from the low-$600,000s. The second phase, The Lofts @ The Collection, will consist of 54 condominium residences within a four-story, mid-rise building.

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Buyer(S) 1

Buyer

A&B Properties

Honolulu, Hawaii, United States

website


Category Company
Founded 1949
Sector Real Estate
DESCRIPTION

A&B Properties, Inc. is a diversified real estate company, which includes land, planning, entitlement and management of commercial, residential and resort developments.


DEAL STATS #
Overall 5 of 5
Sector (Real Estate) 4 of 4
Type (Divestiture) 1 of 1
State (Hawaii) 5 of 5
Country (United States) 5 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-22 Maui Mall

Maui,, Hawaii, United States

Maui Mall,which is anchored by Whole Foods, Longs Drugs/CVS, Wallace Theaters and IHOP,a shopping mall spread over a lot size of 25.373 acres.

Sell -

Seller(S) 1

SELLER

Kamehameha Schools

Honolulu,, Hawaii, United States

website


Category Company
Founded 1887
Sector Education
DESCRIPTION

Kamehameha Schools (KS) is a private charitable educational trust.Kamehameha Schools operates a statewide educational system enrolling nearly 5,400 students of Hawaiian ancestry at three K-12 campuses and 1,500 at 31 preschool sites statewide.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Hawaii) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1