Blue Ridge Real Estate Co-ut (BLRGZ) Investment Summary:

Blue Ridge Real Estate Company engages in the ownership of investment properties in northeastern Pennsylvania. The company operates in three segments: Real Estate Management/Rental Operations, Summer Recreational Operations, and Land Resource Management. The Real Estate Management/Rental Operations segment invests in and leases properties located in Eastern Pennsylvania, South Carolina, New Jersey, Minnesota, Louisiana, and Texas. This segment also involves in home construction and recreational club activities; the provision of services to the trusts that operate resort residential communities; sale of investment properties; and rental of land and land improvements, including the Jack Frost Mountain and Big Boulder Ski Areas. The Summer Recreation Operations segment operates the Jack Frost National Golf Course, an 18 hole golf facility located on 203 acres near White Haven, Carbon County, Pennsylvania. The Land Resource Management segment engages in the sale and purchase of lands; timbering operations; and the development of residential lands, including overseeing the construction of single and multi-family homes and development of infrastructure. As of October 31, 2009, the company owned 13,357 acres of land comprising 8,368 acres held for investment, 4,585 acres held for development, and 404 acres held for recreation primarily located in the Pocono Mountains. Blue Ridge Real Estate Company was incorporated in 1911 and is based in Blakeslee, Pennsylvania.

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