Board of Directors

Pamela K. Hamamoto

Director Non-Executive Chair of the Board

Pamela K. Hamamoto is a Stanford University Distinguished Careers Institute Fellow, a program that allows executives and other professionals to explore multiple pathways for future career or life opportunities. Previously, she served under President Barack Obama as U.S. Ambassador to the United Nations in Geneva from 2014 until 2017. Prior to that, Ms. Hamamoto worked as an investment banker for Goldman Sachs and Merrill Lynch in New York and California. She was also a strategic planner for Hawaiian Telcom in Honolulu. Ms. Hamamoto began her working career as a civil engineer at PG&E in San Francisco. She is a board member of Stanford’s Clayman Institute for Gender Research, and of Ploughshares Fund, a global peace and security foundation that works to reduce nuclear weapons and to build peace in regions of conflict where nuclear weapons exist. She also serves on the Global Leadership Council of the United Nations Foundation and on the Steering Committee of the Leadership Council for Women in National Security. Ms. Hamamoto earned a B.S. and an M.S. in Civil Engineering from Stanford University, and an M.B.A. from UCLA’s Anderson School of Management.

Linda M. Assante

Director Chair, Compensation Committee

Linda Assante recently retired as Managing Partner of Jasper Ridge Partners, a discretionary investment management firm serving prominent families, foundations, and global institutions with $35 billion in assets under management. She led the real assets team responsible for investment strategies in real estate and natural resources. She was also a member of the firm’s investment, portfolio construction, and valuation committees. Prior to joining Jasper Ridge Partners in 2008, Miss Assante was a Principal with The Townsend Group, where she constructed real estate investment portfolios that included primary funds and co-investments. Previously, she was at J.P. Morgan where she was Head of West Coast Real Estate, Lodging & Gaming Investment Banking. Ms. Assante serves on the Board of Directors of the James Campbell Company, The Swig Company, Terreno Realty Corporation, the Pension Real Estate Association Foundation, and Urban Alliance. In addition, she serves on the Advisory Board of Catalyst. Ms. Assante is also a member of the Board of Trustees of Lafayette College, currently serving as Vice Chair. She earned a BA in Economics and Business from Lafayette College.

W. David P. Carey, III

Director Chair, Audit Committee

David Carey was appointed by the Board to serve as non-executive Chairman on April 3, 2020. David Carey is presently the managing partner of an investment fund and is working on various real estate and other investment projects. He previously was the President and CEO of the Outrigger Enterprises Group, a Hawaii -based, full-service lodging and hospitality company that owned, managed or had under development more than 35 hotels and resort condominiums representing over 8,000 lodging units in Hawaii, South East Asia, Guam and the South Pacific with roughly 4,000 employees. Mr. Carey was also responsible for the project concept, entitlement and development of Waikiki Beach Walk in Waikiki, which consists of hotels, condominiums, time shares and over 80,000 square feet of retail including several top -performing restaurants. Mr. Carey has a B.S. in electrical engineering from Stanford University, a J.D., cum laude, from Santa Clara University, and an M.B.A. with distinction from Santa Clara University. Mr. Carey moved to Honolulu in 1982, and was an attorney specializing in corporate and real estate law at Carlsmith, Wichman, Case, Mukai and Ichiki. He joined Outrigger in 1986 as EVP and general counsel, and became president in 1988 and CEO in 1993. The company was sold in 2016. He served on Outrigger’s advisory board for the past three years. Mr. Carey participates in a variety of community boards and government task forces. He is a director of the James Campbell Company LLC, the Foundation for the Asia-Pacific Center for Security Studies, the Hawaii Business Roundtable, and a trustee of Punahou School. He is the Chair Emeritus of the Chamber of Commerce of Hawaii Military Affairs Council (MAC) and member of various organizations including Air Force Civic Leader Program, Chief Executives Organization, Hawaii State Bar Association, Urban Land Institute and the Young Presidents Organization.

Elizabeth (Liz) Holland

Director Chair, Nominating & Governance Committee

Elizabeth (Liz) Holland is the Chief Executive Officer (CEO) and General Counsel of Abell Associates, a 75-year old private real estate company founded by her family based in Chicago, Illinois that is active in the development and management of retail and office properties. She has been deeply involved in real estate asset management for the past 25 years. Ms. Holland is also the CEO of Consortial Technology, LLC a real estate software company. Prior to joining Abell Associates, Ms. Holland was a senior staff attorney with the National Bankruptcy Review Commission. Previously, she was a restructuring and business organization attorney with the law firm Skadden, Arps, Slate, Meagher & Flom in New York, and before that, was a fixed income portfolio manager at Brown Brothers Harriman & Co. also in New York. Currently, she is an independent board of director of VICI Properties, Inc., and a trustee of the Federal Realty Investment Trust. Ms. Holland is also a member of the International Council of Shopping Centers, the Real Estate Roundtable, and the Urban Land Institute. Ms. Holland earned a BA from Hamilton College and a J.D. from Brooklyn Law School.

Stephen B. Hansen

Director

Stephen B. Hansen is a retired Equity Partner and Managing Director of Clarion Partners, one the largest and most well -respected real estate investment management firms. He was a member of its Executive Board responsible for managing a business with $42 billion of assets under management. In his leadership role, he was involved with business strategy and planning, corporate management, compensation, recruiting and developing professionals. Throughout his tenure, Mr. Hansen was a Senior Portfolio Manager accountable for investment performance and client satisfaction. He has served a wide variety of pension funds, insurance companies, foundations and endowments and sovereign wealth entities worldwide. Mr. Hansen is also a member of the Board of Directors of the University of Colorado Foundation (Investment Policy Committee). He previously served on the Board of Directors of Unico Properties (Chair, Compensation Committee), University of Colorado Real Estate Foundation (Audit Committee), and he is past Chairman of the Board of Clarion Partners Property Trust. Mr. Hansen holds a B.S. in Business from the University of Colorado Boulder and an M.B.A. in Finance from Golden Gate University in San Francisco. He is also a member of the University of Colorado Real Estate Center International Advisory Board.

Cameron Nekota

Director

Cameron Nekota is Executive Vice President and Division Manager of First Hawaiian Bank’s commercial real estate portfolio. He oversees the portfolio’s asset management, construction, leasing, security, government affairs and facilities management. He is also President of the First Hawaiian Bank Foundation on a temporary basis and will likely reassume his former responsibilities on a full-time basis. Prior to joining the bank in 2017, Mr. Nekota was D.R. Horton – Schuler Division’s Vice President in charge of the company’s Ho’opili master planned community, an 11,750 homes project in West Oahu. Previously, he was a Development Project Manager at the James Campbell Company, where he assisted in the supervision of all aspects related to real estate land development, including but not limited to legal, entitlement and government affairs. Mr. Nekota earlier career was as an associate attorney with Imanaka, Kudo and Fujimoto, where he represented clients in various stages of the real estate development process, from acquisition to construction. He was also a deputy prosecuting attorney with the City and County of Honolulu. Mr. Nekota holds a Juris Doctor degree as well as a Bachelor of Arts from the University of Hawaii at Manoa.

James P. Sullivan

Director

James P. Sullivan spent 26 years at Green Street Advisors, a respected investment research firm that focuses on commercial real estate. He retired at the end of 2020. Jim joined Green Street in 1994. During the subsequent 16 years, he was the lead analyst covering the office, warehouse, mall, shopping center, self-storage, health care, and manufactured housing property sectors. Jim headed Green Street’s 30+ analyst team from 2010-2013. From 2014-2019, Jim was President of Green Street's Advisory Group, which provided strategic advice to commercial real estate owners and investors located around the globe. Jim most recently served as a Senior Advisor where he helped foster best practices across the firm, mentored and trained the analyst team, and contributed to the firm’s reputation for industry thought leadership. Prior to Green Street, Jim worked for ten years as a real estate investment banker and construction lender at Bank of America in Los Angeles and Manufacturers Hanover Trust in New York. Jim has served as a member of the Board of Directors of Bixby Land Company, a privately owned real estate company based in Newport Beach, CA, since 2016. He is currently Chairperson of the Compensation Committee and a member of the Audit Committee. Jim earned an MBA in Finance & Real Estate from Columbia University in 1989. He received a BA in Economics from Duke University in 1983.