KAPOLEI, HI – James Campbell Company announced it has completed the purchase of The Element, a Class A, garden-style 318-unit apartment community located in West O‘ahu, one of the fastest-growing regions in Hawai‘i. The Element marks the company’s first multifamily acquisition, and further diversifies and strengthens the company’s portfolio, which spans properties in 11 states and 14 markets.
“We are proud to acquire a best-in-class multifamily property near our headquarters in Kapolei – the heart of where our company got its start – and support the housing needs of West Oʻahu residents,” said Kevin Penn, president and chief executive officer of James Campbell Company. “The Element is an exceptional residential community, and we are excited to bring the ownership of this top-tier property back into local hands as we intend to be long-term stewards of this residential community.”
Located in ʻEwa Beach, The Element is a half-mile from the University of Hawaiʻi – West O‘ahu campus and 500 feet from the Skyline Keoneʻae (UH West Oʻahu) rail station, which offers direct access to major employers including Joint Base Pearl Harbor-Hickam and Daniel K. Inouye International Airport, with future service planned to Downtown Honolulu in 2031. The property is within the Ho‘opili master-planned community – one of Oʻahu’s largest new residential developments – and benefits from close proximity to retail, dining, entertainment, and parks…