Nareit Foundation Makes Charitable Grant to Address Affordable Housing in Hawaii

Representatives of the REITWay Hawaii Community Giving Campaign present a check for $150,000 to Pu'uhonua O Wai'anae village leaders Twinkle Borge and James Pakele. From left to right: Francis Cofran, senior general manager, Ala Moana Center (Brookfield Properties Retail Group); Pamela R. Wilson, general manager, Hawaiian Real Estate, American Assets Trust; James Pakele; Twinkle Borge; Fred Findlen, general manager, Hyatt Regency Maui Resort and Spa (Host Hotels & Resorts); and Breana Grosz, marketing and sponsorship director, International Market Place (Taubman Centers, Inc.).

As part of its REITWay Hawaii Charitable Giving Campaign, the Nareit Foundation contributed $150,000 to Puʻuhonua O Waiʻanae, Hawaii’s largest and oldest community for families experiencing homelessness, to purchase property and install the needed infrastructure for its new location. This donation will be matched through a challenge grant, doubling the impact of the gift to $300,000.

“We are excited to have an opportunity to contribute to this remarkable project,” said Francis Cofran, Senior General Manager of Ala Moana Center, a REIT property owned by Brookfield Properties Retail Group. “Puʻuhonua O Waiʻanae's vision is an innovative way to create affordable housing options for Hawaii residents who need it most, which serves our main mission of the REITWay Hawaii Community Giving Campaign.”

The event was also covered on both the ABC and NBC local news stations.

(Contact: Dara Bernstein at dbernstein@nareit.com)

Senator Maile Shimabukuro and Representative Cedric Gates present a certificate from the Hawaii State Legislature acknowledging representatives of the REITWay Hawaii Campaign for their $150,000 donation to Pu'uhonua O Wai'anae. From left to right: Fred Findlen, general manager, Hyatt Regency Maui Resort and Spa (Host Hotels & Resorts); James Pakele and Twinkle Borge, Pu'uhonua O Wai'anae Village leaders; Senator Maile Shimabukuro; Francis Cofran, senior general manager, Ala Moana Center (Brookfield Properties Retail Group); Representative Cedric Gates; Pamela R. Wilson, general manager Hawaiian Real Estate, American Assets Trust; Breana Grosz, marketing and sponsorship director, International Market Place (Taubman Centers, Inc.)
Residents of Pu'uhonua O Wai'anae celebrate after receiving their first major donation of $150,000 from the REITWay Hawaii Community Giving Campaign. This donation will be matched through a challenge grant, doubling the impact of the gift to $300,000.

 

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