| Business Summary | | Blue
Ridge
Real
Estate
Company
(Blue
Ridge)
is
an
owner
of
investment
property
in
Northeastern
Pennsylvania.
Blue
Ridge
owns
18,709
acres
of
land,
which
are
predominately
located
in
the
Pocono
Mountains.
These
lands
are
held
entirely
as
investment
property.
Income
is
derived
from
these
lands
through
leases,
selective
timbering
by
others,
condemnation,
sales,
and
other
dispositions.
Blue
Ridge
also
owns
the
Jack
Frost
Mountain
Ski
Area,
which
is
leased
to
Jack
Frost
Mountain
Company,
a
225-site
campground,
a
retail
store
leased
to
Wal-Mart
and
a
shopping
center.
Northeast
Land
Company,
a
wholly
owned
subsidiary
of
Blue
Ridge,
owns
103
acres
of
land
in
Northeast
Pennsylvania.
The
Company's
revenues
are
generated
from
managing
the
rental
homes
at
Snow
Ridge,
Blue
Heron,
Laurelwoods
and
Midlake
as
resort
accommodations,
from
real
estate
commissions
for
the
sale
of
homes
at
these
resort
communities,
and
from
Trust
and
Condo
fees
for
Services
to
these
resort
communities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Blue
Ridge
Real
Estate
Co.
is
principally
engaged
in
the
ownership
of
investment
property
in
northeastern
Pennsylvania.
BLRGZ
also
owns
and
operates
campgrounds
and
ski
areas.
For
the
three
months
ended
6/30/01,
revenues
fell
4%
to
$1.6
million.
Net
loss
fell
22%
to
$83
thousand.
Revenues
reflect
decreased
summer
recreation
operations.
Loss
reflects
decreased
general
and
administrative
costs
and
decreased
interest
expense
due
to
a
reduction
in
debt. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Michael Flynn, 65 | Chairman |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|