Denver's Bio-Logical Capital buying Maui ranch
Courtesy Hana Ranch
The ranch, purchased by Denver-based Bio-Logical Capital, surrounds the town of Hana on the Hawaiian island of Maui.
Bio-Logical Capital LLC will acquire the 4,500-acre Hana Ranch in East Maui for an undisclosed price from Hana Ranch Partners LLC, the two companies said last week.
Denver-based Bio-Logical Capital plans to preserve the property as a working cattle ranch and has plans to expand organic farming on the land. The real estate investment and conservation company plans to conduct due diligence on the property prior to the closing of the sale, whose terms were not disclosed.
Daniel Omer of Island Sotheby’s International Realty represents Hana Ranch Partners.
“We are truly humbled to take on the kuleana of this remarkable ranch,” Guy Kaulukukui, who was recently named senior vice president of Bio-Logical Capital, said in a statement. ”It is at once a privilege and a great responsibility. Hana is one of the last, best places in Hawaii untouched by urbanization, rich in abundant natural and cultural resources, and with the potential to become a model for sustainable ranching and farming practices in the state.”
Hana Ranch Partners said Bio-Logical Capital’s commitment to agricultural operations and land conservation will ensure “that the unique heritage of Hana will be maintained,”Roy O'Connor, chairman of the Hana Ranch Partners’ executive committee, said in a statement.
Bio-Logical Capital had said last month that it was interested in acquiring the ranch, which has been on the market since September 2008.
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