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OHA trustees adopt Real Estate Strategic Plan after public comment on missing legacy land
Summary
The Office of Hawaiian Affairs Board of Trustees voted 7-0 May 1 to adopt the OHA Hawaii Real Estate Strategic Plan amid a public comment questioning why Legacy Land Waimea Falls was not listed and why due diligence documents lacked historical financials.
The Office of Hawaiian Affairs Board of Trustees on May 1 adopted the OHA Hawaii Real Estate Strategic Plan, a policy framework for the agency’s ownership, management and decision-making over investment and noninvestment real estate, in a 7-0 vote at the board’s meeting in the Nalama Kukui building.
The plan passed on its second reading and final adoption after a public commenter raised concerns that a Legacy Land site, Waimea Falls, was missing from a table in the plan and that due-diligence materials for recent land prospects lacked financial histories.
Doreen Myers, who identified herself as an OHA beneficiary and an Inanakuli Hawaiian homestead lessee, told trustees she reviewed the plan’s attachment and asked, “Where is Waimea Falls? The Legacy Land Waimea…
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