Barnwell Receives Over $2M From Kaupulehu Sale

Listen to this Article
1 minute
Loading Audio... Article will play after ad...
Playing in :00

Image source:

Barnwell Industries Inc. announced that it received distributions of $2,313,000 pursuant to the recent sale of the second of two large lots at Kaupulehu in North Kona, by its 19.6% indirectly-owned Kukio Resort land development partnerships.

Barnwell has a non-controlling interest in these Kukio land development partnerships.

“This distribution will further improve our cash position and liquidity and we anticipate recognition of additional equity in income in our quarter ended Dec. 31, 2016, as a result of this recent sale transaction,” said CEO and President Alexander C. Kinzler,


Sponsored Content

Subscribe to our Newsletter

Stay in-the-know with daily or weekly
headlines delivered straight to your inbox.


This comments section is a public community forum for the purpose of free expression. Although Big Island Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments