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It was later sold to a consortium of Hawaii businessmen in 1918, who changed the name to "American Factors". In 1966, the name was further shortened to "Amfac". Henry Alexander Walker became president in 1933. [2] The family estate in Nuʻuanu Valley, known as the H. Alexander Walker Residence, was developed into a showcase orchid garden. [3]
Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity , and may include minimizing gift, estate, and generation-skipping transfer taxes .
The company currently operates businesses in real estate, land operations, and materials and construction. It was also the last "Big Five" company to cultivate sugarcane. As of 2020, it remains one of the State of Hawaii's largest private landowners, owning over 28,000 acres (11,000 ha) and operating 36 income properties in the state. [3]
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It develops, sells, and manages residential, resort, commercial and industrial real estate; and operates retail, golf and utility operations at the Kapalua Resort. ML&P also owns and manages the 8,304-acre (33.61 km 2) Puʻu Kukui Watershed Preserve, one of the largest private nature preserves in the state of Hawaii. It formerly grew pineapples.
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