REAL ESTATE HELD FOR SALE

6 Months Ended

Mar. 31, 2016

Real Estate [Abstract]

REAL ESTATE HELD FOR SALE

REAL ESTATE HELD FOR SALE

At March 31, 2016, Kaupulehu 2007 also owned one luxury residence available for sale in Lot 4A Increment I. In April 2016, the residence was sold for $5,700,000 in gross proceeds, before commission and other closing costs, which is above the $5,132,000 book value of the residence at March 31, 2016. This transaction will be recognized in the quarter ending June 30, 2016.