"The transition of the Royal Hawaiian Center from a fully owned Kamehameha Schools property to one where Kamehameha Schools retains our lands but sells its improvements greatly strengthens and diversifies our perpetual endowment. This is aligned with our 2000-2015 Strategic Plan, which calls for active stewardship of our lands while optimizing the value and use of current financial and nonfinancial resources in support of our educational mission," explained CEO Dee Jay Mailer. "With this decision, we are able to keep and care for our lands while using the funds from its improvements to benefit our children's futures in perpetuity. "