Barnwell Industries completes sale of remaining Hawaii development interests for USD 1.77 million
BRN•Sale of remaining Hawaii development interests completed
Barnwell Industries completed the sale of its remaining Hawaii development interests, exiting the state and further simplifying its portfolio.
Gross purchase price was about $1.77 million, generating roughly $1.54 million in net cash proceeds.
Pre-closing distributions of about $0.14 million lifted total cash receipts to around $1.7 million.
Assets sold included indirect partnership interests tied to Ka’upulehu leasehold areas on the Island of Hawaii, including related Increment 2 development rights.
