The InterCoastal Group of Companies manages and operates almost 5,000 hotel rooms and apartment units located in 18 states throughout the continental United States. As of winter, 2014, InterCoastal’s portfolio included nine nationally franchised select-service hotels, 18 affordable multifamily properties, and six conventional multifamily properties. The current market value of InterCoastal's portfolio exceeds $500 million.
InterCoastal also acquires the general partner interests (and the functional equivalent) in both non-tax credit and tax credit properties throughout the United States.
InterCoastal was founded in 1981 to own and operate Section 8 affordable housing properties |
throughout the United States. Since then, InterCoastal’s portfolio has both grown and broadened substantially, notably with the establishment of the Hospitality Division and acquisition of its first hotel in 2005.
InterCoastal operates and manages the individual properties in its portfolio through a property-specific combination of on-site personnel, regional managers, and corporate-level accountants and administrators. InterCoastal implements its investment guidelines through the twice-weekly meetings of the company’s Investment Committee, which is responsible for all acquisitions, dispositions, and financing transactions, and which consists of the company’s Chairman (David Roberts), its President (Sheldon Berger), its Chief Operating Officer (Kevin Wiser), and its Director of Acquisitions (Alec Frank).
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