Real estate sales & development

A&B Properties, a subsidiary of A&B, actively manages a comprehensive program of land stewardship, planning, entitlement and development to enhance the value of the Company's lands. By identifying and pursuing developments that enhance value from raw land holdings, and by re-investing proceeds from these efforts into new development and commercial properties, A&B creates value for shareholders over time. The Company's development activities, once limited to its historic landholdings, have been expanded through the use of acquired land and joint ventures, enabling diversification if earnings to the U.S. Mainland. The extension of the Company's development activities has allowed it to leverage its development expertise, market knowledge and capital resources.