Aleut Real Estate, LLC (ARE) is a wholly owned subsidiary of the Aleut Corporation, an Alaska Native regional corporation formed according to the Alaska Native Claims Settlement Act (ANCSA). ARE was established in 1996 as a holding company for buildings and properties owned by the Aleut Corporation.
The company’s direct investments include four commercial properties in Anchorage, Alaska, a trailer park in Valdez, Alaska, residential and commercial properties on Adak Island, and two commercial properties in Colorado Springs, Colorado. ARE also manages lands and resources for the corporation.
The Aleut Corporation was established in 1972 under the terms of the Alaska Native Claims Settlement Act (ANCSA). This legislation provided land settlements and cash settlements to 12 ANCSA Regional corporations formed under the Act.
Operations of the Aleut Corporation and subsidiaries include Government Contracting, Telecommunications, Environmental Remediation, Fuel Sales, and Real Estate Management. The Company also participates in various partnerships, joint ventures and other business activities.