Developers Standard Communities and Stanford Carr have closed on the acquisition of a sixth multifamily property in the Honolulu area as part of a $223.9 million partnership with the state of Hawaii. The partnership is meant to convert or preserve more than 1,200 existing apartments as affordable units in one of the nation’s most expensive housing markets.
Developers Target Affordable Apartment Preservation in Pricey Hawaii Market
Los Angeles, Honolulu Companies Acquire 1,200 Older Units in State Program
By Lou Hirsh
CoStar News
December 15, 2020 | 11:57 P.M.
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IN THIS ARTICLE
- Properties
- Kamakee Vista
1045 Kawaiahao St, Honolulu, HI