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