BlackSand Capital, a Hawaii real estate private equity firm, is bullish on Hawaii’s recovery in the post-pandemic world
In moves that show BlackSand Capital’s commitment to Waikiki, which is the heart of Hawaii’s tourism industry, BlackSand Capital recently acquired the iconic Waikiki Galleria Tower on Kalakaua Avenue for USD270 million, moved its offices to Waikiki, and redesigned the Kaimana Beach Hotel on Oahu’s Gold Coast.
However, Hawaii is about more than tourism, and for decades, BlackSand Capital’s Chairman and CEO, B J Kobayashi, has been devoted to the local community: “Our investor base, including the ultimate beneficiaries of our investors, is composed primarily of people who live in or have a deep connection to Hawaii. Our investors are our lifeblood. We are proud to be locally owned and it is important to us that most of our investment dollars stay in Hawaii and make it a better place to live and work.”
As a result, in addition to the hospitality sector, BlackSand Capital also invests in affordable-residential, industrial, office, and retail sectors, and recently closed on the acquisition of an office asset, Premier Place, on the Island of Maui.