Past year: ▼ 29%(92.0c – 1.31 USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Dec 2013material agreement● NeutralMajor
Barnwell paid $5.14 million, mostly bank-loan funded, for passive 19.6% stakes in three Westbrook-affiliated entities developing the Kukio, Maniniowali and Kaupulehu areas of Kukio Resort -- turning Westbrook from a pure land-sale counterparty into a co-investment partner.
25 June 2009material agreement● Neutral
Barnwell and Westbrook Partners renegotiated the 2006 Increment II payment terms: Kaupulehu Developments will now get 8%-10% of unimproved lot sale prices (or 2.6%-3.25% for built units) plus up to $8 million more once Westbrook's investors recoup their invested capital.
3 May 2007asset acquisition disposition● Neutral
A new real estate venture, 80%-Barnwell/20%-director-Terry-Johnston-owned Kaupulehu 2007 LLLP, began buying single-family house lots at Kaupulehu ($2,378,000 each) from WB KD Acquisition to build and sell turnkey homes, with five more lots under deposit to close through April 2008.
8 June 2006asset acquisition disposition▲ GoodMajor
Kaupulehu Developments sold its remaining "Increment II" land interest to Westbrook Partners affiliates for a $10 million upfront payment (about $7.2 million net to Barnwell) plus 3.25%-14% of future residential lot sale prices.
13 Feb 2004asset acquisition disposition▲ GoodMajor
Barnwell's 77.6%-owned Kaupulehu Developments partnership sold the resort/residential-zoned "Increment I" portion of its Hawaii Big Island leasehold (about 870 acres near the Four Seasons Hualalai) to WB KD Acquisition, LLC in two stages -- the first monetization of its long-held Kaupulehu land.
