Holualoa Companies

What Holualoa Companies does

Holualoa Companies is a privately held real estate investment firm founded in 1985 by I. Michael Kasser and headquartered in Tucson, Arizona. The firm acquires, repositions, develops, and manages a diversified portfolio of office, retail, industrial, multifamily, hotel, and mixed-use properties across 10 active markets in the United States and Europe, with offices in Tucson, Phoenix, Los Angeles, Kailua-Kona, and Paris. Over a 40-year operating history, Holualoa has acquired more than $3.9 billion and 26 million square feet of assets and currently owns or manages 60+ properties totaling 6.5+ million square feet.

The firm invests on its own account and on behalf of select private investors and institutional capital, with revenue derived from asset management fees, property acquisition and disposition transactions, development profit participation, and core asset investment returns. Notable projects include SkySong (The ASU Scottsdale Innovation Center, 1.2M sq ft mixed-use), Park Central (530,000 sq ft transit-oriented redevelopment), Camelback Collective (sold at a record $573/sq ft), and a pipeline of multifamily and dual-branded hotel developments executed through JV partners including Plaza Companies, LaPour Partners, Greenlight Communities, Jackson-Shaw, and Fayth Hospitality.

Holualoa's core operating approach is hands-on asset repositioning: acquiring underperforming properties or superior-location core assets and intensively managing them to maximize tenant satisfaction, occupancy, and long-term value, with a portfolio spanning multifamily brands (Streamliner, Cabana, Dwell, Riverbend), LEED-certified developments, and branded hospitality assets. Leadership includes Founder/Chairman I. Michael Kasser, CEO Richard B. Kauffman (joined 2000), CIO Aroon Chinai (joined 1993), COO Steve Lindley (appointed January 2025), and CFO Lani Baker.

Name

Holualoa Companies

Legal name

Holualoa Companies

Website

https://holualoa.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Holualoa Companies is a privately held, Tucson-based real estate investment firm founded in 1985 that acquires, repositions, develops, and manages office, multifamily, hotel, retail, industrial, and mixed-use properties across 10 US and European markets for its own account and select private investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Tucson

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Asset Management Fees: Intensively manages properties to maximize returns to investors through asset management approach designed to continually improve value of investment properties
2. Property Acquisition and Disposition: Acquires and repositions underperforming real estate assets for successful sale upon stabilization, generating transaction-based returns
3. Development Profit Participation: Participates in select development opportunities that exhibit compelling investment thesis
4. Core Asset Investment Returns: Acquires core assets in superior locations generating long-term investment returns

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Holualoa Companies is a real estate investment firm that acquires, repositions, develops, and manages commercial and residential properties across the United States and Europe. The firm invests in office, retail, industrial, multifamily, hotel, and mixed-use assets, both for its own account and on behalf of a select group of high-net-worth and institutional private investors. With 60+ owned or managed properties totaling more than 6.5 million square feet and $3.9 billion of cumulative acquisitions, Holualoa focuses on intensive asset management to maximize investor returns through market cycles.

Product overview

Holualoa Companies is a diversified real estate investment firm managing a portfolio of commercial properties across the United States and Europe. The company operates through distinct property categories including multi-family residential communities (under brands such as Streamliner, Cabana, Dwell, and Riverbend), office properties (including the SkySong mixed-use innovation center, WaterView campus, and various SkySong buildings), retail properties (Park Central, Green Valley Village), industrial properties, land developments, and hotel properties (including branded hotels under Marriott, Hilton). The firm focuses on acquiring, repositioning, and developing properties, with a portfolio spanning office, retail, industrial, multifamily, hotel, and mixed-use segments across 10 active markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Management Intensive asset management of investment properties on behalf of the firm and select private investors, designed to continually improve property value and maximize returns through market cycles. Covers office, retail, industrial, multifamily, hotel, and mixed-use assets.
• Asset Repositioning and Acquisition Acquires underperforming real estate assets and repositions them for successful sale upon stabilization. Also acquires core assets in superior locations and participates in select development opportunities with compelling investment theses.
• LEED-Certified Real Estate Development Development of LEED-certified office, multifamily and mixed-use properties, including projects such as the SkySong ASU Scottsdale Innovation Center (LEED Silver, with SkySong 5 achieving LEED Gold) and Park Central.
• Multifamily Residential Communities Ownership and operation of multifamily rental communities under brands such as Streamliner, Cabana, Dwell, Riverbend, and 44 West Monroe, with over 3,000 units across Arizona, California, and Texas.
• Office and Mixed-Use Properties Ownership and management of office and mixed-use properties including SkySong (1.2 million sq ft mixed-use project), WaterView campus (217,400 sq ft), Park Central (530,000 sq ft transit-oriented redevelopment), and Farmer Studios.
• Retail and Industrial Properties Ownership and operation of retail properties including Green Valley Village (173,400 sq ft) and Scottsdale North Marketplace (68,500 sq ft), plus industrial holdings such as L'Industrial in Colombes, France (166,000 sq ft).
• Hotel Properties Ownership and operation of hotel properties including CIVANA Wellness Resort & Spa (189 rooms), dual-branded AC Hotel by Marriott/Element by Westin at Norterra (277 rooms) and Desert Ridge (240 rooms), and Tru/Home2 Suites by Hilton Phoenix Midtown (207 rooms).
• Land Development Holdings Ownership of land holdings including Butterfield Business Park (28 acres, Tucson), Mountain View Ranch Development (184 acres, Tucson), and Roaring Fork Ranch (1,200 acres, Glenwood Springs, Colorado).

Quantifiable outcome

• $3.9+ billion in acquisitions and 26 million square feet of assets
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core.

• Plaza CompaniescoreStrategic or Co-development Partner · 28 May 2025Long-standing partnership for development projects in Phoenix area. Co-developers of SkySong (ASU Scottsdale Innovation Center), Park Central redevelopment, and WaterView campus. Plaza Companies serves as property manager for many Holualoa properties.
• Greenlight CommunitiescoreStrategic or Co-development Partner · 1 September 2024Joint venture partnership for multifamily development projects in Arizona. Partnered on Villa Cielo Cortaro (196-unit), Cabana Bridges (288-unit), and other developments. Greenlight focuses on developing multifamily properties while Holualoa provides capital and investment expertise.
• Fayth Hospitality GroupcoreImplementation/ SI/ Consulting Partner · 27 May 2024Hotel developer and operator for Park Central dual-branded Tru/Home2 Suites by Hilton hotels (207 rooms). Partnered with Plaza Companies and Holualoa on hotel development.
• Jackson-ShawcoreStrategic or Co-development Partner · 21 May 2024Partnership for dual-branded hotel development. Jointly developing AC Hotel by Marriott and Element by Westin at CityNorth (240 rooms) and at Norterra (274 rooms). Jackson-Shaw is North Texas-based developer.
• LaPour PartnerscoreStrategic or Co-development Partner · 28 July 2022Joint venture partner for Camelback Collective development. Acquired site together in 2016, developed 115,000 sq ft Class A office building and 160-room AC Marriott Hotel. Sold Camelback Collective office for record $573/sq ft.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Westbrook Partners: Privately held, globally diversified real estate investment firm acquiring and developing office, multifamily, retail, and mixed-use assets — directly comparable to Holualoa in cross-border (US/Europe) opportunistic value-add investing with a reposition-and-exit strategy.
• Capstone Enterprises: Privately held real estate investment and development firm investing in multifamily, office, retail, and mixed-use in the Western US — comparable to Holualoa's Sun Belt concentration, family-controlled structure, and active asset management model.
• Buchanan Street Partners: Private real estate investment manager focused on opportunistic and value-add office, multifamily, and mixed-use investments across the US — comparable to Holualoa's repositioning, capital-markets-driven, relationship-led approach.
• Artemis Real Estate Partners: Private real estate investment firm executing value-add and opportunistic strategies across multifamily, office, mixed-use, and land — comparable in scale, asset-class breadth, and US-focused repositioning approach.
• Crow Holdings: Dallas-based, privately held real estate investment and development firm operating across multifamily, office, industrial, and retail — directly comparable to Holualoa in its diversified, value-add, US-multifamily-tilted investment approach and family-controlled governance.

Emerging players

• Greenlight Communities: Arizona-focused multifamily developer partnering with Holualoa on multiple projects (Villa Cielo Cortaro, Cabana Bridges) — a direct operating partner and emerging player in the same sub-market niche, but at much smaller scale and a narrower (multifamily-only) focus.

Broad incumbents

• Principal Real Estate Investors: Large diversified real estate investment manager covering office, multifamily, industrial, and retail — overlaps with Holualoa's core US asset types, though serves institutional clients at much greater scale via commingled funds and separate accounts.
• AEW Capital Management: Large, established real estate investment manager operating across all major property types and geographies — comparable in product breadth (office, multifamily, retail, industrial, hotel) but at significantly greater scale and with commingled fund vehicles.
• Clarion Partners: Major US-focused real estate investment manager with a long track record across multifamily, office, industrial, and retail — comparable in asset-class breadth and US tilt, but operates at institutional AUM scale far exceeding Holualoa's 'select investor' model.
• Heitman: Global real estate investment manager with deep US multifamily, office, retail, and industrial exposure — comparable asset-class breadth and US concentration, but operates as an institutional manager with significantly larger AUM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/holualoacompanies/?ref=bookmarks
• LinkedInlinkedin.com/company/holualoa-companies/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Holualoa Companies