BlackSand Capital
- Company typePrivate
- Founded2010
- HeadquartersHonolulu, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
BlackSand Capital firmographics
Firmographics- Name
- BlackSand Capital
- Legal name
- BlackSand Capital, LLC
- Website
- https://blacksandcapital.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
BlackSand Capital industry classification
Industry- Product category
- Real Estate Private Equity
- NAICS
- All Other Financial Investment Activities (52399)
- SIC
- Investors, Nec (6799)
- akta.pro primary industry
- Real Estate Funds — Core-Plus (FSANAEAG)
- akta.pro secondary industry
- Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)
Keywords
Where BlackSand Capital is headquartered
LocationHeadquarters
- HQ city
- Honolulu
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BlackSand Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Distribution channels1 record
Marketing channels2 records
BlackSand Capital product offering
Product offeringCore offering
BlackSand Capital is a Hawaii-focused real estate private equity firm that invests across multiple real estate categories including direct real estate, distressed debt, real estate development, land acquisition, and real estate operating companies. The firm deploys discretionary capital into hotels, residential condominiums, workforce housing, and retail, office, and industrial buildings primarily in Hawaii, with select international ventures such as hotel development in Saudi Arabia.
Product overview
BlackSand Capital is a Hawaii-focused real estate private equity firm offering a diversified portfolio of investment products across six categories: Direct Real Estate, Distressed Debt, Real Estate Development, Land Acquisition, Real Estate Companies, and Operating Real Estate Companies. The firm manages a portfolio of over 20 commercial real estate assets including hotels (Royal Lahaina Resort, Kaimana Beach Hotel, Aston Waikiki, Hyatt Place, Hilton Garden Inn Waikiki Beach, Maile Sky Court Hotel), residential towers (ONE Ala Moana, Waihonua at Kewalo, Park Lane Ala Moana), retail properties (Waikiki Galleria Tower, King's Village, Pearlridge Shopping Center), and industrial/office assets (Iwilei Center, Waipio Business Center, Premier Place). The investment team has overseen approximately $5 billion across all property sectors since 2000.
Differentiator
Problem solved
Functional benefit
Products and services
- Direct Real Estate Investment Equity investments in retail, office, industrial, multifamily, hospitality, mixed-use, and residential real estate assets in desirable locations throughout Hawaii. Targets institutional investors and joint venture partners seeking Hawaii real estate exposure.
- Distressed Debt Investment Partnerships with banks on troubled assets involving performing and non-performing commercial loans, B-notes, and mezzanine debt. Provides capital solutions for distressed real estate debt situations.
- Real Estate Development Ground-up development and redevelopment opportunities in high-demand areas through partnerships or joint ventures with experienced local development companies. Targets developers and landowners seeking equity partners for Hawaii projects.
- Land Acquisition Acquisition of residential, commercial, and resort lands for development or investment purposes throughout Hawaii.
- Operating Real Estate Companies Investment Capital infusions into operating companies that own, operate, or control real estate assets, including investments in real-estate-related operating businesses.
Companies that use BlackSand Capital
Customer profileSegments3 records
Ideal customer profiles3 records
BlackSand Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BlackSand Capital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship, core and minor.
- Marriott InternationalflagshipBlacksand and Marriott International signed a landmark agreement to develop ten hotels with over 1,300 rooms across Saudi Arabia over the next four years, with the first property expected to open in Riyadh. The multi-brand deal spans luxury to extended-stay segments and is projected to generate more than 6,000 full-time positions, with a minimum of 60% allocated to Saudi nationals. This agreement lays the foundation for future collaboration as both companies remain committed to expanding their joint portfolio in support of Saudi Arabia's emerging tourism destination ambitions.
- Honolulu (City Government)coreHonolulu is negotiating zoning variances with developers like BSC Acquisitions II to allow high-density projects in exchange for community benefits such as affordable housing and infrastructure improvements. BlackSand Capital is engaged in negotiating zoning variances to enable high-density real estate development.
- General Growth PropertiescoreBlackSand invested in Park Lane Ala Moana, an ultra-luxury residential condominium development located at Ala Moana Center, in partnership with General Growth Properties. The project features views overlooking Ala Moana Beach Park and the Pacific Ocean.
- Institutional Buyer (Warehouse Acquisition)minorBlackSand provided high-yield mezzanine financing in support of the acquisition of Class A industrial warehouse space by an experienced institutional buyer. The warehouse space is centrally located and provides efficient access to major distribution hubs on Oahu.
- Local Development Company (Waihonua)coreBlackSand made a preferred equity investment in development of the upscale residential tower Waihonua at Kewalo in partnership with a local development company. The project features 341 units in a mixed-use walkable community in urban Honolulu.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
BlackSand Capital competitors and assessment
Company assessmentBroad incumbents
- CBRE Investment Management: CBRE Investment Management manages real-estate equity and credit strategies for institutional clients through funds and separate accounts. It is comparable to BlackSand's institutional capital-raising and portfolio-management model, but operates a much broader global platform.
- Blackstone Real Estate: Blackstone Real Estate is a global investment platform spanning real estate equity, debt, development, and operating businesses. It offers overlapping capabilities to BlackSand but at substantially greater geographic, capital, and operating scale.
Direct peers
- Lone Star Funds: Lone Star Funds is a private investment firm with significant real estate and opportunistic investment activities, including complex and distressed situations. It is comparable to BlackSand's value-oriented focus, distressed-debt capabilities, and active ownership approach.
- Oaktree Capital Management: Oaktree manages real estate private equity and credit strategies alongside its broader alternative-asset platform. Its institutional fund model and ability to invest across the real-estate capital structure are comparable to BlackSand's fund-based equity, mezzanine, and distressed-debt approach.
- Ares Management: Ares Management operates a broad alternatives platform with dedicated real estate equity, credit, and development strategies. It is comparable to BlackSand because both raise institutional capital and pursue multiple property investments through differentiated risk-return strategies.
- Harrison Street: Harrison Street is an investment management firm focused on real assets, including specialized real-estate sectors. It is comparable to BlackSand's institutional investment model, active asset selection, and ability to concentrate expertise in selected property categories.
- Kennedy-Wilson Holdings: Kennedy-Wilson is a real estate investment company that acquires, finances, develops, and operates commercial and residential properties. Its direct investment model and use of both equity and real-estate credit are comparable to BlackSand's hands-on, multi-property strategy.
- Starwood Capital Group: Starwood Capital is a global private investment firm centered on real estate across multiple asset classes and capital structures. Its hotel investments, operating partnerships, and use of equity and credit are directly comparable to BlackSand's hospitality and diversified real-estate strategy.
- The Shidler Group: The Shidler Group is a real estate investment and management company with meaningful Hawaii exposure and experience acquiring, developing, and operating properties. It is closely comparable to BlackSand because both combine local market knowledge with institutional real-estate investment activity.
- Rockpoint: Rockpoint is a private real estate investment firm that deploys capital through acquisitions, joint ventures, debt, and equity. Its active, multi-strategy approach to property investing is comparable to BlackSand's combination of direct equity, credit, development, and partnership investments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
BlackSand Capital social profiles
Digital presenceBlackSand Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
BlackSand Capital leadership team
Management profileNumber of profiles
Profiles7 records
BlackSand Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BlackSand Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BlackSand Capital
What does BlackSand Capital do?
BlackSand Capital is a Hawaii-focused real estate private equity firm that invests across multiple real estate categories including direct real estate, distressed debt, real estate development, land acquisition, and real estate operating companies. The firm deploys discretionary capital into hotels, residential condominiums, workforce housing, and retail, office, and industrial buildings primarily in Hawaii, with select international ventures such as hotel development in Saudi Arabia.
Is BlackSand Capital a public or private company?
BlackSand Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BlackSand Capital founded?
BlackSand Capital was founded in 2010. It employs 1 to 10 people.
Where is BlackSand Capital based?
BlackSand Capital is headquartered in Honolulu, United States, in the North America region.
Who are BlackSand Capital's main competitors?
Broad incumbents on record are CBRE Investment Management and Blackstone Real Estate. Direct peers are Lone Star Funds, Oaktree Capital Management, Ares Management, Harrison Street, Kennedy-Wilson Holdings, Starwood Capital Group, The Shidler Group and Rockpoint.
Does BlackSand Capital have an API?
No public API is recorded for BlackSand Capital.
What industry is BlackSand Capital in?
BlackSand Capital's product category is Real Estate Private Equity. Its primary akta.pro industry code is FSANAEAG, Real Estate Funds — Core-Plus, with a secondary code of FSAAAKAA, Core Real Estate (Stabilized/Core-Plus). Its NAICS code is 52399 and its SIC code is 6799.