[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.
[5] His son, Peter Palandjian, is the CEO [6] of Intercontinental Real Estate Corporation.
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.