Blue Ridge Real Estate Company, or Blue Ridge, which was incorporated in Pennsylvania in 1911, is believed to be one of the largest owners of investment property in Northeastern Pennsylvania.  Blue Ridge owns 13,276 acres of land that are predominately located in the Pocono Mountains, along with 15 acres of land in various other states.  Of this acreage, 9,962 acres are held for investment, 3,128 acres are held for development and 201 acres are held for recreation.  Income is derived from these lands through leases, selective timbering by third parties, sales, and other dispositions. Included in the properties owned by Blue Ridge are: 93 acres of land in Northeast Land Company of which 7 acres of land are held for investment and 86 acres of land are held for development, a commercial property comprised of 2.9 acres of vacant land; a shopping center with 9.4 acres; four residential investment properties; the Jack Frost National Golf Course; and the Jack Frost Mountain Ski Area, which is currently leased to JFBB Ski Areas, Inc., an affiliate of Peak Resorts.  Blue Ridge also owns four retail stores, two of which are leased to Walgreen Company on 3.4 acres, one of which is leased to Jack in the Box on 1.2 acres and one of which is leased to AmRest, LLC for the operation of an Applebee’s restaurant on 0.822 acres.

Big Boulder Corporation, or Big Boulder, was incorporated in Pennsylvania in 1949. Big Boulder’s primary asset is 865 acres of land, which includes a 175-acre lake, the Big Boulder Ski Area, and Boulder View Tavern (formerly known as the Mountain’s Edge Restaurant).  Of the 865 acres, 450 acres are held for investment, 305 acres are held for development and 110 acres are held for recreation.  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.  The Big Boulder Ski Area is currently leased to JFBB Ski Areas, Inc., an affiliate of Peak Resorts.