Alexander & Baldwin has spent $9.5M so far on evaluating potential move to become a real estate investment trust

Alexander & Baldwin Inc. has spent $9.5 million on its evaluation efforts that will be used to decided whether to become a real estate investment trust or not, according to public documents filed Wednesday.

Chris Benjamin, president and CEO of one of Hawaii’s oldest and most prominent companies, previously told Pacific Business News that it could make a decision by this spring.

Of the $9.5 million in evaluation costs, the Honolulu-based company spent $5.7 million in the fourth quarter alone,…

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Author: Duane Shimogawa

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