Ka Wai Ola - Office of Hawaiian Affairs, Volume 23, Number 8, 1 August 2006 — OHA's future as a landholder [ARTICLE]

OHA's future as a landholder

Now that OHA is a major landowner, it is preparing to assume land management duties, with approval of two new land

management positions currently under consideration by the agency's Board of Trustees. While OHA's first two major purchases have been of eonservation lands, Administrator Nāmu'o said he anticipates that the board will soon seek more commercial real estate purchases as investments for the agency's trust. OHA's strategic plan calls for a substantial portion of the trust, whieh currently stands at about $400 million, to be invested in real estate. "My guess is that over the next 12 months or so you'll see more opportunities for commercial land investment coming before the trustees," Nāmu'o said. S