Blue Ridge Real Estate Company - BLRGZ- Profile

Blue Ridge Real Estate Company. The Group's principal activity is to own and lease investment properties in Northeastern Pennsylvania. It owns 16,043 acres of land that are predominately located in the Pocono Mountains. The lands are held entirely as investment property. It owns a commercial property, one shopping center and five residential investment properties and the Jack Frost Mountain Ski Area. The Group also owns four retail stores, one of which is leased to Wal-Mart, two of which are leased to Walgreen Company, and one of which is leased to Jack in the Box. Income is derived from these lands through leases, selective timbering by others, condemnation, sales and other dispositions. Manages and develops the real estate and rental properties in Northeastern Pennsylvania