Kailua-Kona, HI Project Type: Lease-up, Affordable LIHTC 306 homes


Project Description:

  • Property re-launch during recessionary economic period and stabilized operating engagement.
  • First new garden style apartment community in the Kailua-Kona market within the prior 15 years consisting of 306 apartment homes.  



  • Following a stalled launch attempt implemented by the initial management company, Indigo was retained to complete the launch engagement and stabilize the community in order to convert from construction to permanent financing. 



  • At the time of transition Lokahi was 52% occupied with 149 apartments net to rent. Indigo deployed one of their skilled launch teams and produced 149 net rentals averaging 29 rentals per month.
  • Within the five month re-launch period, the community was 100% occupied. 




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