CLARK REALTY CORPORATION TO ACQUIRE ASSETS OF PARKER RANCH REALTY, INC.

Parker Ranch Realty, Inc. and Clark Realty Corporation, two local companies with a long and successful working relationship have agreed that on December 1, 2009, Clark Realty will acquire the assets of Parker Ranch Realty.

Parker Ranch, Inc.’s Chief Operating Officer Bill Maris stated that “This change is part of the overall strategy as Parker Ranch, Inc. transitions out of its non-core businesses including general real estate brokerage. The Ranch is quite pleased that a strong kama‘aina company such as Clark Realty has stepped forward to acquire these assets.”

Clark Realty is one of the largest independently-owned real estate brokerages in Hawai’i. It is also the largest real estate firm on the Big Island of Hawai’i and in the top 10 statewide. With more than one hundred thirty agents, eight full-time property managers and twenty-three administrators and staff, Clark Realty offers complete coverage of the Big Island and all aspects of real estate.

Putman D. (Putty) Clark, R – President & CEO of Clark Realty Corporation said “We are very excited about the opportunity this acquisition represents. It brings together some of the most talented Realtors on the Big Island and will strengthen Clark Realty’s presence in a very positive way. We are equally pleased about completing this transaction with a company with the strong culture and traditions of Parker Ranch, Inc. This is a win-win relationship for everyone.”

With the acquisition of the assets of Parker Ranch, Realty, Inc., Clark Realty will continue to be the market-share leader on the Big Island with six offices island-wide at locations in Kailua-Kona, Keauhou, Kamuela, Hilo and The Mauna Lani Resort . Clark Realty’s Kamuela office will move from its current location to the Parker Ranch Realty space at the Parker Ranch Center. Clark Realty offers a full range of real estate services including residential sales, property management and commercial real estate sales and management services. Contact Clark Realty at “www.clarkhawaii.com”:http://www.clarkhawaii.com.

Parker Ranch is the fifth largest ranch in the United States, spanning approximately 130,000 acres across Hawaii’s Big Island. It surrounds the town of Waimea and spreads between the Kohala and Mauna Kea mountains. The ranch is owned by the Parker Ranch Foundation Trust for the benefit of four local charities: North Hawaii Community Hospital, Hawaii Preparatory Academy, Parker School Trust Corporation and the Richard Smart Fund of the Hawaii Community Foundation.