The Hawaii Tribune-Herald reported Tuesday that Michael Saalfeld bought the land in August.

Hawaii County tax records show one of Saalfeld’s companies — Kukuipahu Makai — paid $49.3 million for 35 parcels comprising 3,509 acres.

The state’s business registry lists Saalfeld and his wife, Jeannette, as the company’s only members.

The parcels range in size from less than an acre to more than 1,600 acres.

Parker Ranch sent a one-page letter to employees and retirees in August confirming the sale of roughly 3 percent of its 128,000-acre holdings.