Michael Kasser, CEO and President of Holualoa Companies, a real estate investment company with interests in residential and commercial real estate around the U.S. and in Europe. Mr. Kasser founded Holualoa in 1985 when he moved to Hawaii with his wife, Beth, after they competed in the Ironman Triathlon.
Mr. Kasser has a B.S. and an M.S. in chemical engineering from M.I.T., a doctorate of engineering from the University of Grenoble (France), and an M.B.A. from Harvard Business School. He is fluent in French, German, Spanish, Italian and Hungarian.
Mr. Kasser’s community activities have included: trustee or board member of the University of Arizona Foundation, the College of Science at the University of Arizona, the Tucson Museum of Art, The Metropolitan Museum of Art Department of Scientific Research Visiting Committee, M.I.T., Arizona Theatre Company, and C-Path Institute.
Principal and Chief Investment OfficerLos Angeles
Aroon Chinai, Principal and Chief Investment Officer, oversees property investment, financing, and sale decisions. In addition, Mr. Chinai directs the operations of Holualoa’s hotel assets as well as properties located in California and New York. In addition, he is involved in corporate direction and strategic planning.
Since Mr. Chinai joined Holualoa, the company has acquired more than 100 properties. Recently, Mr. Chinai has become involved in forming relationships to access institutional capital in addition to the existing high net worth investor base.
Mr. Chinai joined Holualoa Companies in 1993. Previously, Mr. Chinai was a project manager of Ford Motor Company, managing the development of industrial facilities in the U.S., Mexico, Spain, and Portugal. Mr. Chinai holds a BS degree in Engineering from the University of Rochester and an MS degree in Real Estate Development from MIT (Massachusetts Institute of Technology). Mr. Chinai also completed the Harvard University “Running a Real Estate Company” program. Mr. Chinai is a member of Urban Land Institute and MIT’s Real Estate Club and is involved in various international charities dedicated to children’s education.
Richard B. Kauffman
Principal and Chief Financial OfficerTucson
Richard Kauffman, Principal and Chief Financial Officer, is responsible for corporate oversight, finance, accounting, financial reporting and information systems and European asset management. Richard Kauffman has over 30 years of experience in corporate leadership. He has worked in a variety of industries with a focus on finance and operations.
Mr. Kauffman joined Holualoa in 2000. Mr. Kauffman’s previous experience includes assignments as Manager of Corporate Audit for the Tuttle-Click Automotive Group, an $800+ million revenue company with 23 dealerships in California and Arizona; Vice President, CFO and Board Member of Factory 2-U, a 40-store discount retailer located in Arizona, New Mexico and Texas; and Manager of Corporate Audit for Campbell Soup Company responsible for worldwide operational and financial audits. Mr. Kauffman began his career with KPMG in Philadelphia, PA.
Mr. Kauffman holds a Bachelor of Science in Accounting, with Distinction, from the Pennsylvania State University and received his CPA license. Mr. Kauffman is a member of the Urban Land Institute and serves on the Board of Directors of CyraCom International, Inc. and Civana, LLC. He previously served on the Board of Directors of NexMetro Development and Sinfonia Healthcare Corp. Where he helped guide Holualoa’s successful exit via a merger with Tabula Rasa Healthcare, Inc. (NASDAQ: TRHC).
Principal and Chief Operations OfficerPhoenix
Stanton Shafer, Principal and Chief Operating Officer, engages in the company’s operations, focusing on the management of the company’s seven million square foot portfolio of national and international properties, including 4,000 apartment units.
Mr. Shafer’s background includes 22 years as a successful Capital Markets broker with Cassidy Turley BRE Commercial, joining the company in 1989 when it was Grubb and Ellis. During those two decades he completed sales of nearly $1.5 billion in assets and was selected as the NAIOP-AZ Investment Broker of the Year. Prior to his career as a real estate broker, Mr. Shafer spent 10 years as a practicing real estate attorney.
Mr. Shafer’s education background includes an economics degree with distinction from Iowa State University and a Juris Doctors Degree, Magna Cum Laude from Arizona State University.
Tucson • Los Angeles • Kailua-Kona • Phoenix • Paris