Today, Parker Ranch continues to explore diversification of assets in order to provide the Trust, as its sole stockholder, with income to fund Beneficiaries and fulfill its mission. Modern ranches must rely on diversification to survive, from cattle ranching and forestry to tourism and retail.
As the first residential development in the 2020 plan envisioned by Richard Smart, land was sold in 2001 to a developer who subsequently built 44 condominium homes that were offered for sale in 2002.
Luala’i at Parker Ranch
Luala’i at Parker Ranch, a residential joint venture development between Parker Ranch and Schuler Homes, launched in August 2002. The project features 3 and 4 bedroom single-family market entry homes. The development meets a goal of the Parker Ranch 2020 Plan initiated by Richard Smart in 1986.
In keeping with the Trust’s strategy to develop an investment portfolio, lands outside the core of ranch operations or business use were sold. In 2006, the Ranch successfully concluded negotiations with the U.S. Army for its acquisition of approximately 24,000 acres of land in an area known as Keamuku. This sale allowed a significant portion of long-term debt to be paid off. The balance sheet has been strengthened, and there is improved liquidity and debt reduction An investment portfolio, not tied to land or cattle, has been established producing a reliable income stream for beneficiaries.
Parker Ranch Inc. Leadership
Neil “Dutch” Kuyper joined the company in February 2011 as its Chief Executive Officer and President. Kuyper was born and raised on Oahu and returns to Hawai’i with his family after 20 years of increasingly senior executive positions on the mainland and in Asia. Kuyper served most recently as Chief Operating Officer with Capricorn Investment Group, previously holding the same position with Morgan Creek Capital Management, following extensive experience with Wellington Management, Boston Consulting Group and Coopers & Lybrand.