Pualani Manor
1216 Pua Lane, Honolulu, HI 96817OVERVIEW
AHG and CAA is pleased to present Pualani Manor, a 63-unit affordable senior housing community located at 1216 Pua Lane in the Kapalama neighborhood of Honolulu, Hawaii, built in 1974. The property consists of 62 one-bedroom/one-bathroom units averaging 511 SF that are covered by a project-based Section 8 Housing Assistance Payments (HAP) contract, plus one unit utilized as office/storage space.
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Investment Highlights
PROPERTY
City and County of Honolulu Ground Lease Through November 30, 2040
100% Occupancy Rate
value
98% HAP-Assisted Senior Housing Community
20-Year Basic Renewal HAP Contract with Annual Rent Adjustments
Opportunity
Comparability (Mark-Up-to-Market) Adjustments Available Every 5 Years
4% LIHTC/Bond Resyndication Potential
INVESTMENT ADVISORY TEAM

John L Nguyen
Managing Principal
Affordable Housing Group
- MOBILE: 714-356-5049
- EMAIL: john@national-ahg.com
- LIC NO.: 01303273

Jesse Elsanhuty
Senior Director
Affordable Housing Group
- MOBILE: 562-320-3614
- EMAIL: jesse@national-ahg.com
- LIC NO.: 01773542

Brian Luethke
Director
Affordable Housing Group
- MOBILE: 201-983-7727
- EMAIL: brian@national-ahg.com
- LIC NO.: 02191657
Broker of record

DAVID ASAKURA, CCIM
Broker of Record
Commercial Asset Advisors
- MOBILE: 808-282-0503
- EMAIL: dasakura@caahawaii.com
- LIC NO.: RB-20869