October 21, 2016 6:05 PM ET

Capital Markets

Company Overview of Intercontinental Real Estate Corporation

Company Overview

Intercontinental Real Estate Corporation is a real estate investment firm. The firm engages in real estate investment, development, construction management, and asset management. It provides its services to institutional investors including public and corporate pension plans, pooled investment vehicles, foreign governments, foundations, university endowments, and Taft-Hartley union pension plans. The firm manages real estate funds and manages accounts for its clients. It invests in the private equity and real estate markets across the globe. The firm primarily invests in balanced portfolios of real estate assets that are diversified by geography and property type including commercial, mixed ...

1270 Soldiers Field Road

Boston, MA 02135-1003

United States

Founded in 1959





Key Executives for Intercontinental Real Estate Corporation

Chairman, Chief Executive Officer, and Member of Investment and Executive Committee
Chief Financial Officer, Chief Operating Officer, and Member of the Investment Committee
Director of Acquisitions, Asset, and Portfolio Management, Member of Executive Committee, and Member of Investment Committee
Director of Research and Analysis and Chief Compliance Officer
Director of Acquisitions
Compensation as of Fiscal Year 2016.

Intercontinental Real Estate Corporation Key Developments

Intercontinental Real Estate Corporation Presents at Public Funds Summit 2016, Jan-14-2016 10:30 AM

Intercontinental Real Estate Corporation Presents at Public Funds Summit 2016, Jan-14-2016 10:30 AM. Venue: Fairmont Scottsdale Princess, Scottsdale, Arizona, United States.

Intercontinental Real Estate Corporation Presents at Real Estate Investors Summit 2016, Mar-29-2016 10:45 AM

Intercontinental Real Estate Corporation Presents at Real Estate Investors Summit 2016, Mar-29-2016 10:45 AM. Venue: Florida, United States.

Security Properties and Intercontinental Acquire Pillar at Scottsdale Apartments

On October 1, 2015, Security Properties and Intercontinental Real Estate Corporation purchased Pillar at Scottsdale, a 539-unit, Class A multifamily property located in Scottsdale, AZ, for $95,750,000. The asset was purchased through Security Properties Multifamily Fund II in its second joint venture with Intercontinental and their US REIF Fund. It is Fund II's second purchase in the Phoenix market and the 11th asset overall. The subject is a high quality, core-plus Class A project that was built in 1999. Almost ½ of the units are townhome style plus ¾ of all units feature direct access garages. The location is outstanding as it is across the street from the TPC Scottsdale golf course and the Five Diamond Fairmont Princess Resort. To the west is the Reach 11 Recreational Preserve which is a 1,500 acre park with 18 miles of hiking trails as well as a large sports complex. To the south is the high-end shopping destination for Scottsdale with retailers that include an Apple Store, Nike Store, Lululemon and Forever 21. Trader Joe's is in the center caddy corner to the subject and Whole Foods is less than one mile north. There are multiple employment drivers in the immediate vicinity including the Mayo Clinic two miles east. The clinic is opening a new $314 million cancer center in 2016 that will create 1,000 new jobs. Adjacent to the Mayo Clinic is the American Express campus with 3,000 jobs. Additional blue-chip companies with large presences in the area include Prudential, Vanguard, JP Morgan Chase, Starwood, and Scottsdale Healthcare. Because of the strength of this location, there is a value-add component of this acquisition as all units feature original interiors. The interiors will be updated and the exterior and amenity space will also be upgraded to be consistent with the new interiors. The end product will have a great market position because it will still be priced below new construction, but be able to offer direct access garages and townhome units that most of the competition does not have, plus offer a comprehensive amenity package that includes one of the top pool areas in the market.

Similar Private Companies By Industry

Company Name Region
@Visory LLC United States
1 Road Partners LLC United States
11T Partners, LLC United States
123Jump.com, Inc. United States
1509225 Ontario, Inc. United States

Recent Private Companies Transactions

September 15, 2016
Walnut Glen Tower
August 10, 2016
Novo Nordisk's 762,000 Square Foot North American Headquarters in Plainsboro
June 16, 2016
River East Center in Chicago

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Intercontinental Real Estate Corporation, please visit www.intercontinental.net. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.