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The '''Intercontinental Real Estate Corporation''' is a [[U.S. Securities and Exchange Commission|SEC]] Registered Investment Adviser that manages private equity real estate investments and provides real estate services for domestic and international clients.<ref>[http://www.intercontinental.net/Default.asp Intercontinental Real Estate Corporation Website] {{Webarchive|url=https://web.archive.org/web/20140208030724/http://intercontinental.net/Default.asp |date=2014-02-08 }}. About Us. Access Date: 2014-02-05.</ref> Established in [[Boston]], [[Massachusetts]] in 1959 as a construction firm by Petros A. Palandjian, an Armenian immigrant from [[Iran]],<ref>[http://www.bostonmagazine.com/2006/05/the-fifty-families-part-two/ The Fifty Families, Part Two]. Boston Magazine, 15 May 2006. Access date: 2014-02-05</ref> the corporation has acquired, developed, managed, and owned over US$10 Billion of real estate assets of all real property types.
The '''Intercontinental Real Estate Corporation''' is a [[U.S. Securities and Exchange Commission|SEC]] Registered Investment Adviser that manages private equity real estate investments and provides real estate services for domestic and international clients.<ref>[http://www.intercontinental.net/Default.asp Intercontinental Real Estate Corporation Website] {{Webarchive|url=https://web.archive.org/web/20140208030724/http://intercontinental.net/Default.asp |date=2014-02-08 }}. About Us. Access Date: 2014-02-05.</ref> Established in [[Boston]], [[Massachusetts]] in 1959 as a construction firm by Petros A. Palandjian, an Armenian immigrant from [[Iran]],<ref>[http://www.bostonmagazine.com/2006/05/the-fifty-families-part-two/ The Fifty Families, Part Two]. Boston Magazine, 15 May 2006. Access date: 2014-02-05</ref> the corporation has acquired, developed, managed, and owned over US$10 billion of real estate assets of all real property types.
<ref>[https://intercontinental.net/about/company-history/ Intercontinental website]. History. Access date:2014-02-05.</ref>
<ref>[https://intercontinental.net/about/company-history/ Intercontinental website]. History. Access date:2014-02-05.</ref>
Petros Palandjian died in 1996<ref>[https://web.archive.org/web/20140611042653/http://www.highbeam.com/doc/1P2-8384458.html Petros Palandjian, 59 Real estate developer, investor]. Boston Globe. 15 August 1996. Access date:2014-02-05.</ref> of gastric cancer.<ref>[http://masscases.com/cases/sjc/446/446mass100.html Peter Palandjian, executor, & another v. Gerald S. Foster]. 446 Mass.100 5 Dec 2005 - 21 Feb 2006 Middlesex County. Access date:2014-02-05.</ref> His son, [[Peter Palandjian]], is the CEO <ref>Fitzgerald, Jay. [http://www.bizjournals.com/boston/print-edition/2011/06/24/peter-palandjian-holding-court-in.html?page=all Peter Palandjian: Holding court in real estate investment management]. Boston Business Journal, 2011 June 24. BizJournals.com Access date:2014-02-05.</ref> of Intercontinental Real Estate Corporation.
Petros Palandjian died in 1996<ref>[https://web.archive.org/web/20140611042653/http://www.highbeam.com/doc/1P2-8384458.html Petros Palandjian, 59 Real estate developer, investor]. Boston Globe. 15 August 1996. Access date:2014-02-05.</ref> of gastric cancer.<ref>[http://masscases.com/cases/sjc/446/446mass100.html Peter Palandjian, executor, & another v. Gerald S. Foster]. 446 Mass.100 5 Dec 2005 - 21 Feb 2006 Middlesex County. Access date:2014-02-05.</ref> His son, [[Peter Palandjian]], is the CEO <ref>Fitzgerald, Jay. [http://www.bizjournals.com/boston/print-edition/2011/06/24/peter-palandjian-holding-court-in.html?page=all Peter Palandjian: Holding court in real estate investment management]. Boston Business Journal, 2011 June 24. BizJournals.com Access date:2014-02-05.</ref> of Intercontinental Real Estate Corporation.

Revision as of 21:29, 31 August 2023

Intercontinental Real Estate Corporation
Industryreal estate
Founded1959
FounderPetros A. Palandjian
HeadquartersBoston, Massachusetts

The Intercontinental Real Estate Corporation is a SEC Registered Investment Adviser that manages private equity real estate investments and provides real estate services for domestic and international clients.[1] Established in Boston, Massachusetts in 1959 as a construction firm by Petros A. Palandjian, an Armenian immigrant from Iran,[2] the corporation has acquired, developed, managed, and owned over US$10 billion of real estate assets of all real property types. [3] Petros Palandjian died in 1996[4] of gastric cancer.[5] His son, Peter Palandjian, is the CEO [6] of Intercontinental Real Estate Corporation.

Today[when?], Intercontinental manages a portfolio of over $4 billion for its clients. The Intercontinental portfolio is diversified both by robust property mix and by geography. Fund strategies actively seek opportunities to invest in both Core and Core-Plus properties, as well as in Value-Add operating properties and development projects.[citation needed]

In December 2019, Intercontinental Real Estate Corporation bought its first commercial office asset at the Roosevelt Commons, Seattle for $157m, on behalf of one of its controlled funds.[7]

References

  1. ^ Intercontinental Real Estate Corporation Website Archived 2014-02-08 at the Wayback Machine. About Us. Access Date: 2014-02-05.
  2. ^ The Fifty Families, Part Two. Boston Magazine, 15 May 2006. Access date: 2014-02-05
  3. ^ Intercontinental website. History. Access date:2014-02-05.
  4. ^ Petros Palandjian, 59 Real estate developer, investor. Boston Globe. 15 August 1996. Access date:2014-02-05.
  5. ^ Peter Palandjian, executor, & another v. Gerald S. Foster. 446 Mass.100 5 Dec 2005 - 21 Feb 2006 Middlesex County. Access date:2014-02-05.
  6. ^ Fitzgerald, Jay. Peter Palandjian: Holding court in real estate investment management. Boston Business Journal, 2011 June 24. BizJournals.com Access date:2014-02-05.
  7. ^ "Intercontinental Real Estate fund acquires first office asset in Seattle for $157m". IPE Real Assets. 17 December 2019. Retrieved 1 June 2020.{{cite web}}: CS1 maint: url-status (link)


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