Initial Offering of Hawaiʻi County, Hawaii Affordable Housing Credits Successfully Closed

NEW YORK, Jan. 7, 2020 /PRNewswire/ -- Hilco Streambank, a leading intellectual property advisory firm specializing in the valuation and sale of intangible assets, successfully closed the sale of affordable housing credits (the "Credits") in Hawaiʻi County, Hawaii at the end of last year. On the heels of that transaction and in response to the outpouring of interest, Hilco Streambank is offering real estate developers and investors in Hawaiʻi County, Hawaii the opportunity to acquire additional Credits that can be used to satisfy the affordable housing obligations under the Hawaiʻi County Code.

Hilco Streambank Executive Vice President David Peress stated, "In response to the significant interest generated from the first offering of Credits, we have made available an additional 10 Credits for sale, although more may be made available upon request."  Peress stated that the Credits are especially valuable because there are no radius restrictions, adding that "the Credits may be utilized to satisfy a developer's affordable housing obligations throughout Hawaiʻi County (the Big Island), including projects in Kona and Hilo."

Offers for the Credits are due on February 25, 2020.  The minimum offer amount per Credit is $25,000.  Further information regarding the Credit transfer process and offer documents can be found here.

Peress continued, "The Credits do not expire, and purchasers may re-sell their Credits in increments of one-half Credit or more.  We encourage housing, hotel and industrial project developers and investors with Hawaiʻi County projects in the planning or initial stages of development to contact us for more information regarding how the Credits can add value to their projects."

Parties interested in the Credits or learning more about the sale process should CLICK HERE or contact Hilco Streambank directly using the contact information provided below.

David Peress
EVP – Hilco Streambank 
dperess@hilcoglobal.com 
617.642.1909

Richelle Kalnit
Senior Vice President – Hilco Streambank
rkalnit@hilcoglobal.com 
212.993.7214 

Ben Kaplan
Associate – Hilco Streambank
bkaplan@hilcoglobal.com 
646.651.1978

About Hilco Streambank:  Hilco Streambank (www.hilcostreambank.com) is one of the foremost authorities on intellectual property asset valuation and monetization.  Acting as an agent or principal, Hilco Streambank advises upon and executes strategies for both healthy and distressed clients seeking to maximize the value of their intellectual property assets including brands, trademarks, domain names, patents, copyrights, IPv4 addresses and customer lists.  Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet and telecom communities with successes in publicly reported Chapter 11 bankruptcy cases, private transactions, and online sales through IPv4.Global.  Hilco Streambank is part of Northbrook, Illinois based Hilco Global (www.hilcoglobal.com), the world's leading authority on maximizing the value of business assets by delivering valuation, monetization and advisory solutions to an international marketplace.  Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate and strategic capital equity investments.

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SOURCE Hilco Streambank