Blue Ridge Real Estate Company, or Blue Ridge, incorporated in Pennsylvania in 1911, is believed to be one of the largest owners of investment property in Northeastern Pennsylvania.  Blue Ridge owns 16,043 acres of land which are predominately located in the Pocono Mountains.  Of this acreage, 11,365 acres are held for investment and 4,678 are held for development.  Income is derived from these lands through leases, selective timbering by others, sales, and other dispositions. Blue Ridge owns a commercial property currently leased to a motel operator, a shopping center and five residential investment properties and the Jack Frost Mountain Ski Area, which is leased to JFBB Ski Areas, Inc., an affiliate of Peak Resorts.  Blue Ridge also owns four retail stores: one of which is leased to Wal-Mart, two of which are leased to Walgreen Company, and one of which is leased to Jack in the Box.

Big Boulder Corporation was incorporated in Pennsylvania in 1949. Its major assets are 865 acres of land, which includes a 175-acre lake, the Big Boulder Ski Area, and the Mountain’s Edge Restaurant. Of the 865 acres, 539 acres are held for investment and 326 acres are held for development.  The principal source of revenue for Big Boulder is derived from the sale of residential homes and real estate in close proximity to the Big Boulder Ski Area.  Big Boulder Corporation also owns the Big Boulder Ski Area, which is leased to JFBB Ski Areas, Inc., an affiliate of Peak Resorts.
The Companies currently operate two real estate sales offices.  Jack Frost-Big Boulder Real Estate is located in Lake Harmony, Pennsylvania and markets new and previously owned homes in and around our resort communities primarily to buyers seeking a second home.  The Stoney Run Realty office located in Stroudsburg, Pennsylvania offers custom-built, single family homes in the Pocono region.  These homes primarily attract customers from nearby metropolitan areas in Pennsylvania, New York and New Jersey.  All of these custom-built homes are built by our construction division, Moseywood Construction Company.