Boston, MA, September 6, 2007

Intercontinental Ranks in the Top 50 of The Boston Business Journal’s Largest Corporate Philanthropists in the Commonwealth

The Boston Business Journal held its second annual Corporate Philanthropy Awards ceremony attended by more than 750 leaders representing a wide range of local and national companies with a presence in Massachusetts as well as many non-profit organizations.  Intercontinental was ranked 47th among the top corporate charitable givers in Massachusetts.  The company was recognized not only for its charitable giving and contributions, but also for the amount of time that the company and its employees devote to community service and volunteer efforts. 

“We are honored to be recognized as a leader for charitable giving within the community.  We foster a culture that recognizes the importance of giving back to the communities in which we work, develop, and reside.  We salute the Boston Business Journal for gathering Boston’s corporate leadership to consider the significance of corporate philanthropy and the need for its presence in today’s business models,” commented Paul Nasser, CFO & COO of Intercontinental.

Intercontinental Real Estate Corporation is an SEC registered investment adviser and real estate operating company with expertise in real estate investment, development, construction management, and asset management. The company has developed, managed and owned over $4 billion in real property assets across all property types including commercial, mixed use, hotel, recreational and residential projects.  Presently, Intercontinental ownes and manages a portfolio in excess of $1.8 billion for its clients.