REITs Support Communities During the COVID-19 Pandemic

REITs statewide have implemented numerous initiatives to help support communities, small businesses and individuals affected by the COVID-19 pandemic. Among these community-based programs to help Hawaii with its recovery include the following:

  • Donating hundreds of thousands of dollars to local nonprofits to feed the hungry, provide medical care, and prevent homelessness.
  • Providing thousands of meals to help feed kupuna, homebound residents, families in need, and the homeless.
  • Donating a variety of essential food supplies, including fresh produce, dairy, and eggs for distribution by the Foodbank.
  • Giving personal protective equipment, gloves, masks, hand sanitizers, and cleaning supplies to nonprofit community organizations to help prevent the spread of infection.
  • Deferring, abating, and reducing rent payments for tenants whose business operations have been most impacted, particularly restaurants and retail outlets.
  • Continuing to pay staff members who have been idled during mandated shutdowns.
  • Supporting charitable causes and nonprofits in fulfilling community needs by providing food, supplies, and technical expertise.
  • Offering space at properties and in parking lots to serve as COVID-19 drive-thru testing sites.
  • Donating to the non-profit programs to vaccinate at-risk ethnic populations and communities across the state.

Check out some of the highlights below!

Nareit Hawaii contributed to the Filipino Community Center, to expand the statewide FilCom CARES vaccination program.

The FilCom CARES program is determined to see more families throughout Hawaii, especially those in at-risk and disproportionately affected communities, get vaccinated from COVID-19. The outreach to vaccinate residents is essential to improving the overall well-being of Hawaii’s population and restoring the state’s economic strength.

Nearly 200 blood donors are needed everyday—even during COVID-19—and since the start of the pandemic Waikele Center has hosted two Blood Bank of Hawaii mobiles on site providing accessible donation locations in the community. The two collection units have collected close to 7,000 pints of blood, servicing about 9,000 donors.

The locations also support the Blood Bank’s ‘Fight COVID with COVID’ initiative, which safely collects blood containing targeted antibodies from recovered patients for hospitalized individuals who are fighting the virus.

From preparing meals for those in need, to providing easier access to fresh produce, many REITs across the state quickly activated several initiatives to help out the community during the COVID-19 pandemic.

The Pearlridge Center team prepared and donated more than 350 individual sack lunches packed with peanut butter and jelly sandwiches, fresh fruits and bottled water to The Institute for Human Services (IHS) for distribution and continued to prepare and package meals on a weekly basis for the IHS to distribute to the homeless community.

Brookfield Properties Development in a joint effort with the #ShowAlohaChallenge and participating restaurants from Ala Moana Center and surrounding community partners supplied 3,600 meals to homebound elderly citizens (kupuna) in need of nutritional meals.

In 2020, Alexander & Baldwin supported its communities through $950,000 in contributions to 230 local nonprofits. The organization also partnered with the Hawaii Foodbank and many partners and volunteers to hold monthly food distribution drives for the Leeward Coast. The drives were hosted at Waianae Mall with the space, logistics support and additional security provided by A&B employees who volunteered their time for their community.

By year's end, over 1.3 million pounds of food to 55,000 adults and keiki in need.

Pali Momi Medical Center, a tenant at Pearlridge Center, utilized the shopping center’s parking lot as a site for a drive-thru respiratory clinic, enabling community members experiencing what might be COVID-19 symptoms to receive COVID-19 testing and medical assistance.  

The Nareit Hawaii Community Giving Initiative and REIT investments help strengthen communities through development of workforce rental housing, medical facilities, shopping centers and commercial buildings that benefit all residents and by supporting local charities, non-profits, and community initiatives. Find out more about how REITs have helped our community at Nareit Hawaii and Individual REITs and the Nareit Hawaii Community Giving Initiative.