Intercontinental Real Estate Corporation

Intercontinental Real Estate Corporation
Industry	real estate
Founded	1959
Founder	Petros A. Palandjian
Headquarters	Boston, 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

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

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[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.

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