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May 30, 2015 7:07 AM ET

Company Overview of Harold K. L. Castle Foundation

Company Overview

Harold K. L. Castle Foundation is a not-for-profit foundation with over $178 million assets under management. The foundation primarily focuses on education, healthcare, and community development. It was established in 1962 and is based in Kailua, Hawaii.

1197 Auloa Road

Kailua, HI 96734

United States

Founded in 1962





Key Executives for Harold K. L. Castle Foundation

President, Chief Executive Officer, and Director
Chief Financial Officer and Assistant Treasurer
Vice President and Treasurer
Secretary and Director
Grants Program Manager
Compensation as of Fiscal Year 2014.

Harold K. L. Castle Foundation Key Developments

Kaneohe Ranch, Alexander & Baldwin, Inc., Harold K. L. Castle Foundation - M&A Call

to discuss the acquisition of portfolio of commercial properties in Hawaii from Kaneohe Ranch and the Harold K. L. Castle Foundation

Kaneohe Ranch To Decide Sale For Kaneohe Ranch Portfolio In Three Months

Harold K. L. Castle Foundation and Kaneohe Ranch Management Limited are expected to make a decision in the next three months on the potential sale of the Kaneohe Ranch commercial real estate portfolio. Mitch D'Olier, President and Chief Executive Officer of Harold K. L. Castle and Kaneohe Ranch, said that nothing has been decided yet. And, if the transaction, which could top $1 billion, doesn't make sense for the Harold K.L. Castle Foundation, a sale won't happen.

A&B Eyes Kaneohe Ranch's Hawaii Commercial Real Estate Holdings

Alexander & Baldwin Inc. (A&B) is keen to acquire part of or all of Kaneohe Ranch Management Limited's commercial real estate holdings in Hawaii. The real estate portfolio was put up for sale earlier this month. A&B’s President and Chief Operating Officer, Chris Benjamin stated that "of course, it's of interest and we will take a look at it and perhaps bid on some or all of it. We're interested in looking at everything," he said. "As you can tell from what we've been doing lately [investing in Hawaii real estate], when we separated from Matson, we said we wanted to rededicate ourselves to Hawaii." He added that A&B is actively looking at other things on all fronts. He said: "We are looking at all commercial assets and development assets. It's hard to predict when there will be another announcement [of a purchase, but] one thing's for sure, this isn't the end of the desire to grow in Hawaii." PBN had earlier reported that Kaneohe Ranch and Harold K.L. Castle Foundation had put all of Kaneohe Ranch's commercial real estate properties up for sale, which includes the most of the Kailua town center in Windward Oahu. Eastdil Secured is handling the sale. According people in the industry, A&B is on the short list of buyers for the assets. The purchase price of the properties is estimated at more than $1 billion.

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