Mark Development, Inc.

About Mark Development, Inc.

Mark Development, Inc. is a real estate operator headquartered in Honolulu, HI. Mark Development, Inc. operates in Honolulu, Hawaii. Its investment focus is on Affordable Housing, LIHTC and Multifamily - Ground-up.

Mark Development, Inc. is a private real estate development and management firm headquartered in Honolulu, Hawaii. Founded in 1977 by Mark Y. Watase, the company operates with over 49 years of continuous industry history, specializing in the creation and long-term maintenance of affordable housing communities throughout the Hawaiian islands. The enterprise focuses its real estate strategy on addressing regional housing needs through multi-family residential developments. Its operational model covers the complete project lifecycle, directing initial site planning, ground-up development, capital improvement execution, and ongoing asset management through dedicated on-site resident managers and maintenance crews. The company's established regional portfolio includes 16 affordable housing projects encompassing 876 residential units distributed across Oahu, Kauai, and Hawaii Island. Operating with an average portfolio occupancy rate of 97%, the firm maintains its properties through systematic capital improvement programs designed to preserve structural longevity and community livability.

Principals at Mark Development, Inc.