Tower Development, Inc. carefully evaluates each property purchased for the portfolio. Our rigorous acquisitions process helps ensure that we purchase high-quality properties that meet investment objectives. Before acquiring a property, Tower performs a stringent and highly detailed review considering the following:

• Price: $10 million minimum
• Hotel: 150 key+
• Multi-family: 100 units+
• Industrial: 50,000 SF+ distribution/industrial
• Will acquire loans secured by these assets
• Prefers Class B and C products
• Project Status: Strategy of rebranding, renovation or significant deferred maintenance

• All cash

• 21 to 30 day due diligence

• 5 to 15 day close

• Hawaii Assets
• PP 50%-70% of replacement cost
• Value-add, Distressed, REO, Special-serviced 
• Negative cash flow, vacancies okay 
• Note sales, sub and non-performing debt
• Rehab/retrofit necessary
• Rebranding necessary
• Capital structure needs Tower infusion

• We protect procuring brokers and pride ourselves on our goal of life-long brokerage relationships
• All cash offers
• Tower provides construction to add-value
• All underwriting done in-house
• Will assume or buy existing debt
• Short-term hold; fees on front and backend
• We creatively solve complex problems

• Grand Naniloa Resort, a DoubleTree by Hilton
• Waiakea Villas Apartments
• Ke Kailani 33 Luxury Homes Development