The InterGroup Corporation is a Delaware corporation formed in 1985, as a successor to Mutual Real Estate Investment Trust, a New York real estate investment trust created in 1965. The Company has been a publicly-held company since M-REIT's first public offering of shares in 1966 and currently trades on the NASDAQ Capital Market under the symbol: "INTG".
Over the years, the Company has evolved into a diversified operating company with operations in multi-family and commercial real estate, an interest in the hospitality industry through its investment in the Hilton San Francisco Financial District; and recently, one of the Company's most significant investment is in Comstock Mining, Inc. (Amex: LODE) a precious metals producing company primarily in the historically world class gold and silver district, known as the "Comstock Lode".
Management continuously seeks opportunities to build shareholder's value by improving its current operations and through its investment strategies in the national and international financial markets.
The InterGroup owns and operates real estate throughout the United States, with a concentration in Texas and Southern California. Its properties include 16 apartment complexes, two single family houses, two commercial buildings and two unimproved parcels of land.
The InterGroup currently holds preferred stock, conversion rights and other interests in Comstock Mining, Inc.