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With Record Hawaii Real Estate Sales for 2012, Brookfield Homes Hawaii Begins New Phase of Homes

Brookfield Homes Hawaii's New Phase of Big Island Homes Includes the Release of Premium Mauna Lani Golf Course Homes and Luxury Upgrades in a new Priority Reservation Program

Kohala Coast, HI (July 11th 2012) — With more real estate sales than any other community in Mauna Lani Resort (year to date), Brookfield Homes Hawaii announced the launch of it's newest phase of golf course homes at their flagship community, KaMilo at the Mauna Lani Resort, on the Big Island.

"Our new phase of homes will reside on some of the most desirable, undeveloped property on the Kohala Coast and will include an impressive selection of exquisite island-inspired upgrades." says Jeff Prostor, President of Brookfield Homes Hawaii. "Although the Hawaii real estate market is slowly improving, homebuyers still seek the best value possible. We are committed to keeping prices extremely competitive in order to meet the demands of today's customer."

Brookfield Homes Hawaii's Priority Reservation program gives buyers the opportunity to select their preferred home site early in the development stages and a variety of fit and finish design upgrades for their new home.

"It has been exciting to see an increase in buyer confidence. Our new home buyers have been waiting for the right time to buy and they recognize that the time is now." Prostor says.

The gated community of 137 single family and paired homes offers one of the largest selections of new luxury homes on the Big Island's Gold Coast. Walking and biking trails connect KaMilo to white sand beaches, cultural landmarks, day spas, tennis, golf, and local specialty markets. The private, 2-acre Recreation Village includes pools, a fitness lounge, spas, and an outdoor gathering pavilion. In addition to premium golf course locations, a number of garden view residences are also available at KaMilo.

Offering 8 floor plan types, KaMilo features three- and four-bedroom homes ranging from approximately 2,212 to 3,781 square feet including garage and lanai. The KaMilo Sales Center is open daily at 68-1122 North Kaniku Drive in Mauna Lani Resort . Call today at: (808) 885-6130 and visit online: www.brookfieldkamilo.com.

About KaMilo at Mauna Lani

KaMilo at Mauna Lani is a joint venture resort community between Brookfield Homes Hawaii, Inc. & A&B Properties, Inc. Award-winning Brookfield Homes Hawaii, Inc. offers luxury resort communities on the Islands of Hawaii including KaMilo at Mauna Lani (Island of Hawaii), Nihilani at Princeville (Island of Kauai) and PiliMai at Poipu (Island of Kauai). www.brookfieldhawaii.com

A&B Properties is a wholly owned subsidiary of Alexander & Baldwin, Inc. (NYSE: ALEX), Hawaii's fourth largest landowner with 88,000 acres of land on Hawaii. A&B Properties' diverse real estate holdings include development projects on Oahu, Maui, Kauai, and the Big Island on the U.S. Mainland. www.abprop.com

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