INVESTMENT HELD FOR SALE

12 Months Ended

Sep. 30, 2017

INVESTMENT HELD FOR SALE [Abstract]

Investment held for sale

INVESTMENT HELD FOR SALE

At September 30, 2017, Kaupulehu 2007 owned one residential lot available for sale in the Lot 4A Increment I area located in the North Kona District of the island of Hawaii, north of Hualalai Resort at Historic Ka`upulehu, between the Queen Kaahumanu Highway and the Pacific Ocean.

During the year ended September 30, 2017, Kaupulehu 2007 recorded a $155,000 impairment of the residential lot held for sale as a result of changes in fair values for comparable real estate.