Real estate company engaged in the development, construction, and sale of residential properties and land in New Mexico and Arizona.
AMREP Corporation, through its subsidiaries, primarily engages in the real estate business, operating through two main segments: Land Development and Homebuilding. The company specializes in selling both developed and undeveloped lots to homebuilders, as well as to commercial and industrial property developers. As of July 1, 2022, AMREP owned approximately 17,000 acres in Sandoval County, New Mexico, and a 160-acre property in Brighton, Colorado.
In addition to its extensive land holdings, AMREP Corporation owns mineral interests covering about 55,000 surface acres in Sandoval County, New Mexico, and approximately 147 surface acres in Brighton, Colorado. These mineral interests include oil, gas, and other minerals, providing the company with a diversified portfolio of assets that extend beyond traditional real estate.
AMREP Corporation is also focused on the homebuilding segment, where it develops and sells single-family detached homes and attached homes. This segment complements its land development operations by offering a direct path to market for its residential lots, thereby enhancing the overall value proposition for its real estate assets.
Founded in 1961, AMREP Corporation has a long-standing presence in the real estate industry. Headquartered in Havertown, Pennsylvania, the company continues to leverage its substantial land and mineral holdings to drive growth and provide value to its stakeholders. With a strategic focus on both land development and homebuilding, AMREP remains a key player in its markets.