Holualoa Cos.


Holualoa Companies is a real estate investment firm focused on the successful acquisition, repositioning, redevelopment and disposition of underperforming real estate assets. Our investments span the United States and Europe and include office, retail, industrial, multi-family, hotel and mixed-use investment properties.Holualoa Companies is an experienced, opportunistic investor for its own account and on behalf of a select group of private investors. Our rigorous analysis and due diligence, executed by our disciplined and seasoned management team, is the basis of our success. We believe that a patient and thorough approach will continue to yield compelling investment opportunities throughout business cycles highs and lows. Holualoa Companies takes pride in its detailed due diligence process. Before proceeding with any real estate investment, our team of professionals investigates all facets of the project, evaluates potential risks and rewards and then acts decisively. At the time of acquisition, a comprehensive plan is created which serves to benchmark each investment’s performance. Senior asset managers retain responsibility for their investments from acquisition through disposition. This rigorous process allows us to take on complex projects, leveraging the skills of our management team to successfully develop, acquire, or reposition investment properties. A critical element of our overall strategy is to maximize returns to our investors by intensively managing our properties. Our asset management approach is designed with the goal of continually improving the value of our investment properties. It has been our experience that focusing on tenant satisfaction leads to high occupancy and low turnover and contributes to maximizing income and value. This leads to satisfied investors, who are the lifeblood of Holualoa Companies, supplying the capital necessary to acquire future outstanding deals. ACQUISITION CRITERIA Holualoa Companies exercises a disciplined approach to investment, focusing on under-performing residential and commercial properties that are often overlooked by others and opportunities where the seller is highly motivated. Our typical investment ranges from $5 million to $50 million. In general, we prefer office, industrial, retail/commercial or residential investment properties that are multi-tenant facilities with total or partial vacancy, below replacement cost, with below market rent and/or short-term rollover. Residential and commercial investment properties are also considered for rehabilitation and development.

Real Estate Specialization
Investment Type
JV partnership
Acquisition/Fee Simple
Investment Style
Typical Deal Size
$10,000,000 - $50,000,000
Chief Investment Offier

Aroon Chinai

Aroon Chinai, oversees property investment, financing, and sale decisions. In addition, Mr. Chinai directs the operations of properties located in California, Phoenix, Denver, and Washington D.C./Northern Virginia. Mr. Chinai is responsible for acquisitions, asset management, operations, leasing, finance, and dispositions. In addition, he is involved in corporate direction and strategic planning. Mr. Chinai manages the acquisition of apartment, office, retail and industrial properties. Since Mr. Chinai joined Holualoa, the company has acquired more than 100 properties, with an average 21% net IRR to investors on sold properties. Recently, Mr. Chinai has become involved in forming relationships to access institutional capital in addition to the existing high net worth investor base. Mr. Chinai joined Holualoa Companies in 1993. Previously, Mr. Chinai was a project manager of Ford Motor Company, managing the development of industrial facilities in the U.S., Mexico, Spain, and Portugal. Mr. Chinai holds a BS degree in Engineering from the University of Rochester and an MS degree in Real Estate Development from MIT (Massachusetts Institute of Technology). Mr. Chinai also completed the Harvard University “Running a Real Estate Company” program. Mr. Chinai is a member of Urban Land Institute and MIT’s Real Estate Club and is involved in various international charities dedicated to children’s education.

Chief Operations Officer

Stanton Shafer

Stanton Shafer serves as Chief Operations Officer. His role is primarily engaged in the company’s operations, focusing on the management of the company’s six million square foot portfolio of national and international properties, including 3,000 apartment units. Shafer’s background includes 22 years as a successful Capital Markets broker with Cassidy Turley BRE Commercial, joining the company in 1989 when it was Grubb and Ellis. During those two decades he completed sales of nearly $1.5 billion in assets and was selected as the NAIOP-AZ Investment Broker of the Year. Prior to his career as a real estate broker, Shafer spent 10 years as a practicing real estate attorney. Stan’s education background includes an economics degree with distinction from Iowa State University and a Juris Doctors Degree, Magna Cum Laude from Arizona State University.

Executive Vice President

Lynn Taube

Lynn Taube, Executive Vice President, provides corporate oversight and strategic direction for Holualoa Companies. Ms. Taube is responsible for treasury and cash management, human resources, and systems implementation. Ms. Taube is Asset Manager for the Hawaii region, including property management, oversight of capital improvement projects, land development and sales. She also provides direction for our European portfolio. Ms. Taube is a licensed real estate broker in the State of Hawaii and is the Principal Broker for Holualoa Management Corporation. She has over 20 years of commercial real estate experience. She joined Holualoa Companies in 1990.

Chief Financial Officer

Richard Kauffman

Mr. Kauffman is responsible for corporate oversight, finance, accounting, financial reporting and information systems and European asset management. Mr. Kauffman joined Holualoa Companies in 2000 bringing extensive financial, operational and real estate experience. Mr. Kauffman’s previous experience includes Manager of Corporate Audit for the Tuttle-Click Automotive Group, an $800+ million revenue company with 23 dealerships in California and Arizona; Vice President, CFO and Board Member of Factory 2-U, a 40-store discount retailer located in Arizona, New Mexico and Texas; and Manager of Corporate Audit for Campbell Soup Company responsible for worldwide operational and financial audits. Mr. Kauffman began his career with KPMG Peat Marwick in Philadelphia, PA. Mr. Kauffman holds a Bachelor of Science in Accounting, with Distinction, from the Pennsylvania State University and is a licensed CPA. Mr. Kauffman also serves on the Board of Directors of CyraCom International.

Chief Executive Officer

Michael Kasser

I. Michael Kasser founded Holualoa in 1985 when he moved to Hawaii after competing in the Ironman Triathlon. His previous experience includes positions as financial analyst with WR Grace & Co.; as President of Technopulp, Inc., a pulp and paper consultant and as CEO of Booher Lumber Company. Mr. Kasser’s community activities have included: Chairman of the Salary Commission for the County of Hawaii; in addition, he has been a member of the board of the Kona Hawaii Family YMCA, the Aloha Performing Arts Center, the American Hungarian Foundation, the National Museum of Women in the Arts, and the Kasser Art Foundation; and is presently a trustee or board member of the University of Arizona Foundation, the College of Science at the University of Arizona, the Tucson Museum of Art, and The Metropolitan Museum of Art Departments of Scientific Research Visiting Committee. His outside business activities have included board memberships of: Cyracom, Inc., a language interpretation company; Protein Sciences, Inc., a biotech company; and West Maricopa Combine, Inc., a water company. He has also served as an Educational Counselor for M.I.T. Music and Theatre Arts Visiting Committee. Mike has a BS and an MS in Chemical Engineering from M.I.T., a Doctorate of Engineering from the University of Grenoble (France) and an MBA from Harvard Business School. He is fluent in French, German, Spanish, Italian and Hungarian. He has completed the Ironman Triathlon eight times.

Vice President

Kevin Gebert

Key Focus Areas
Acquisitions Asset Management Development Due Diligence Real Estate Investing
Geographical Area
Mapped Location