Lilia Waikiki Case Study

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Lilīa Waikīkī:

WAIKIKI, HI

• 454 UNITS RESIDENTIAL UNITS

• 91 AFFORDABLE UNITS AT 80% AMI

• 45,000 SF NEIGHBORHOOD SERVING RETAIL

• FIRST RENTAL UNITS IN WAIKIKI IN 20 YEARS

marketing scope highlights:

Customized air stream preleasing campaign and roadshow in collaboration with Brookfield Retail

Curated a versatile marketing strategy which pivoted through market turns (including COVID-19)

Brought an arts and culture movement to downtown Honolulu for the first time in the city’s history

Handled marketing for market rate tower and affordable housing low rises

Largest debut of any property in Brookfield’s Multifamily Portfolio

First Time

POW WOW Hawaii (global art program) was brought to Waikiki

Impact Award 2022

Winner for CoStar’s Multifamily Development of the Year

100% Leased

Project’s affordable housing fully leased within 2 months during COVID-19 (Nov 2020)

$300K

Under allotted marketing budget of $1.8M, upon opening

77% Leased

One year after opening, ahead of proforma expectations

7 years

Working on the asset. RFP through opening (2023)

Lilīa Waikīkī

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