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      <DepreciationPropertyGrp>
        <PropertyDesc>1001 QUEEN ST #3313</PropertyDesc>
        <AcquiredDt>2019-02-01</AcquiredDt>
        <CostOrOtherBasisAmt>785427</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>132001</PriorYearDepreciationAmt>
        <ComputationMethodTxt>SL</ComputationMethodTxt>
        <LifeRt>27.500000000000</LifeRt>
        <CurrentYearExpenseAmt>27077</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <GainLossSaleOtherAssetsSch documentId="GainLossSaleOtherAssetsSch-01">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>162 HANAPEPE LP</AssetDesc>
        <AcquiredDt>2008-01</AcquiredDt>
        <SoldDt>2024-05</SoldDt>
        <GrossSalesPriceAmt>4900000</GrossSalesPriceAmt>
        <BasisAmt>2904800</BasisAmt>
        <SalesExpenseAmt>358677</SalesExpenseAmt>
        <TotalNetAmt>1954580</TotalNetAmt>
        <AccumulatedDepreciationAmt>318057</AccumulatedDepreciationAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>GATE FOR 162 HANEPEPE LP</AssetDesc>
        <AcquiredDt>2008-01</AcquiredDt>
        <SoldDt>2024-05</SoldDt>
        <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
        <BasisAmt>16857</BasisAmt>
        <TotalNetAmt>0</TotalNetAmt>
        <AccumulatedDepreciationAmt>16857</AccumulatedDepreciationAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>PAINTING ON 162 HANEPEPE LP</AssetDesc>
        <AcquiredDt>2008-01</AcquiredDt>
        <SoldDt>2024-05</SoldDt>
        <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
        <BasisAmt>6000</BasisAmt>
        <TotalNetAmt>0</TotalNetAmt>
        <AccumulatedDepreciationAmt>6000</AccumulatedDepreciationAmt>
      </GainLossSaleOtherAssetGrp>
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>IMPROVEMENT ON 162 HANEPEPE</AssetDesc>
        <AcquiredDt>2011-06</AcquiredDt>
        <SoldDt>2024-05</SoldDt>
        <GrossSalesPriceAmt>0</GrossSalesPriceAmt>
        <BasisAmt>79733</BasisAmt>
        <TotalNetAmt>-9417</TotalNetAmt>
        <AccumulatedDepreciationAmt>70316</AccumulatedDepreciationAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <LandEtcSchedule2 documentId="LandEtcSchedule2-01">
      <LandEtcGrp>
        <CategoryOrItemTxt>Kalanianaole</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2074215</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>544157</AccumulatedDepreciationAmt>
        <BookValueAmt>1530058</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Queen</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>785426</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>159078</AccumulatedDepreciationAmt>
        <BookValueAmt>626348</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Koae</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>2089750</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>2089750</BookValueAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>Pamoa</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1992384</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>0</AccumulatedDepreciationAmt>
        <BookValueAmt>1992384</BookValueAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <OtherExpensesSchedule documentId="OtherExpensesSchedule-01">
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>100</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>100</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>100</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>RENTAL RELATED EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>85342</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>85342</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>85342</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
  </ReturnData>
</Return>