news release
FOR IMMEDIATE RELEASE
Monday, October 24, 2016
Media Contacts:
Tiffany Foyle, 808.292.0867
or
Jennifer Pang, 808.371.2882
Pang Communications
Alaka‘i Development Welcomes Cayenne Pe‘a, Principal
HONOLULU — Alaka‘i Development (AD) welcomes Cayenne Pe’a as Principal of Alaka‘i Development. In her role, Cayenne will oversee the finance and accounting efforts for both the private sector development and operating assets of AD, a new Hawaii-based rental residential development firm whose mission is to meet the need of Hawaii’s housing shortage by developing quality rental residences.
“Cayenne has a unique ability to collaborate public and private interests for really positive big-picture outcomes for the community,” said AD Principle Jon Wallenstrom. “She is an innovative team member and leader. She is the ideal person to have at the forefront of efforts to alleviate the state’s housing shortage.”
Prior to AD, Cayenne worked as Director of Finance for Forest City Hawaii, where she obtained $120 million in construction and term loans and maintained $1.3 billion in bonds. She led a team that maintained accounting records and produced financial reports for 6,700 residential units, a 271-acre master-planned community, and six photovoltaic farms, which include partnerships with both the Department of the Navy and State of Hawaii. Before joining Forest City in 2008 Cayenne was a Senior Auditor with Deloitte and Touche where she served a variety of publicly traded and privately held companies.
Cayenne holds a Bachelor of Science degree in Accounting from Loyola Marymount University. Cayenne is a Certified Public Accountant and is well versed in complex deal structures that take advantage of tax credits, exemptions, and subsidies. She currently resides in Kaimuki on Oahu.
About Alakai Development
Alaka‘i Development (AD) is a Hawaii-based, Forest City affiliated, rental residential development firm, whose mission is to meet the need of Hawaii’s housing shortage by developing quality rental residences. With a decade of experience working together, AD’s team of real estate professionals are focused on leading Hawaii to a smarter future of rental residence development statewide. The team’s history of successful public-private partnerships, cost-effective solutions when addressing market demands, environmentally conscious building, and ethical and experienced real estate development in Hawaii results in a legacy of success. For more information visit alakaidevelopment.com or call 808.469.1156.
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