We have decades of experience in local and international real estate investments.
With deep knowledge and expertise in urban planning, investments and real estate, our team is what sets ProsPac apart.
Executive Vice President
As Executive Vice President at ProsPac Holdings Group since 2018, Rick Stack is responsible for development activities for ProsPac’s real estate portfolio in Hawai‘i.
Previously, Rick was senior vice president, development, at Alexander & Baldwin where he led the development efforts for A&B’s five high-rise residential condominium projects in urban O‘ahu, as well as the development of income properties for the company’s commercial portfolio.
Prior to joining A&B Properties, Rick was vice president and operations manager at Molokai Ranch and development manager at the State of Hawaii’s Housing Finance and Development Corporation (HFDC).
Rick earned a bachelor’s degree in electrical engineering from the University of Notre Dame. He is president of the Catholic Charities Housing Development Corporation, which develops affordable housing in Hawaiʻi, and serves on the boards of NAIOP and Waipahu Community Association.
Vice President, Finance Director
Limin Xu is Vice President and Finance Director at ProsPac Holdings Group and is responsible for the company’s transactional and financing activities. Joining the company in 2016, he oversaw financing for Azure Ala Moana, securing a $150M construction loan.
Prior to joining the firm, Limin was at Forise Land from 2015 to 2016, where he was responsible for the firm's overseas acquisitions and strategies. Previously, he served as a senior director at Fosun International from 2007 to 2014, where he worked on the acquisitions of over $1.2 billion in commercial properties and listed real estate companies in the U.S, Australia and China.
Before joining Fosun, Limin was in the Structured Products Group at State Street Global Markets from 2004 to 2007, where he managed a $10 billion ABCP trading program and was involved in capital structuring of $2.8 billion Tender Option Bond products. Limin also worked in the Asset Management Division of Deutsche Asset Management and J.P. Morgan Chase.
Limin received his MBA and MSF from the Carroll Graduate School of Management at Boston College and a B.A. from the University of Massachusetts at Amherst.
As Vice President at ProsPac Holdings Group, William Chen is responsible for construction management and loan draw payments. He joined the company in 2018.
William adds an international perspective to the project team coupled with a love for Hawaiʻi. After living and working in Vancouver, British Columbia and Shanghai, China, he is committed to bringing thoughtful community-oriented development to Honolulu.
Previously, William held internships at the Bank of East Asia Shanghai from 2012 to 2013 and 2014 to 2015. He studied economics at the University of British Columbia.
Director of Development
Daniel Simonich is the Director of Development at ProsPac Holdings Group. He has been with the company since 2016 and is responsible for overseeing construction management.
In his prior position with the Hawaii Community Development Authority, Daniel was involved in 15 major projects in central Honolulu. Developments included mixed-use towers and mid-rises, modular micro-units, artist lofts and cultural centers, workforce and reserved affordable housing, historic preservation and adaptive reuse.
Previously, Daniel also served as a campus planner at the University of Hawaii Office of Physical, Environmental and Long Range Planning, focusing on sustainability, deferred maintenance, and space management issues for the Manoa campus.
Daniel studied Architecture at Montana State University, and Urban and Regional Planning at the University of Hawaii. He is a member of the Urban Land Institute, and Congress for the New Urbanism. He volunteers on the Board of Directors for the nonprofit Trees For Honolulu’s Future, and the University of Hawaii Department of Urban and Regional Planning Alumni Association.