Developing and managing assets to maximize value

Commercial real estate is a core strength of CIRI’s business portfolio. CIRI owns, manages, and invests in significant commercial and residential real estate developments in Alaska, Arizona, Virginia and Texas. CIRI partners with industry-leading real estate firms to identify opportunities and develop sustainable business models, all to create value for CIRI Shareholders.

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BUSINESS SEGMENTS

Smart, Diverse Partnership Opportunities

Tikahtnu Commons

Tikahtnu Commons is Alaska’s premier retail and entertainment center. The center is owned and operated by North Anchorage Real Estate Investors, LLC, a partnership between CIRI and Browman Development Company, Inc.

Building Facts
  • Developed in partnership with Browman Development Co. in 2007
  • The facility covers 95 acres and 900K square feet
  • The facility ranks in the top 2% of shopping centers in the U.S. 
Fireweed Business Center

Centrally located in Midtown Anchorage, this elegant and energy-efficient eight-story building features innovative design that promotes productivity in a comfortable and controllable work environment.

Building Facts
  • Centrally located, with easy access to major thoroughfares.
  • Energy efficient design that incorporates amenities and Alaska Native art.
MAPLE SPRINGS ASSISTED LIVING

Maple Springs of Anchorage was built on CIRI-owned land in South Anchorage and in partnership with Maple Springs Living. Cadence General Contractors constructed the building. Additional land acreage is available for future expansion.

Project Facts
  • The 107,756-square-foot facility features high-quality finishes and furniture.
  • The facility includes amenities like activity rooms, computer labs, an ice-cream parlor, library, movie theater, and salon and spa.
  • Maple Springs fills an acute need for assisted living facilities in Southcentral Alaska. 
Ladera

Ladera is a 1,100-acre planned community in San Antonio, Texas. The community includes homes constructed by multiple regional and national homebuilders.

Project Facts
  • A 1,125 acre master planned residential community on the western edge of San Antonio, Texas.
  • A new, Medina Valley Independent School District elementary school opened in the community during the fall of 2021.
  • Continued opportunity for growth and development in the coming years. 
Ladera

Ladera is a 1,100-acre planned community in San Antonio, Texas. The community includes homes constructed by multiple regional and national homebuilders.

Project Facts
  • A 1,125 acre master planned residential community on the western edge of San Antonio, Texas.
  • A new, Medina Valley Independent School District elementary school opened in the community during the fall of 2021.
  • Continued opportunity for growth and development in the coming years. 
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PEOPLE SERVED BY CIRI ORGANIZATIONS IN 2021