AMREP (NYSE:AXR) (NYSE:AXR) is a diversified development and mining company headquartered in Englewood, Colorado. Founded in 1968, the company has established a dual focus on residential real estate and underground coal mining. Over its history, AMREP has expanded from its initial land holdings into two distinct operating segments, leveraging local market knowledge to deliver products and services tailored to regional demand.
Through its real estate division, AMREP develops and sells residential lots, single-family homes and commercial properties across key markets in the Colorado Springs metropolitan area. Signature master-planned communities such as Woodmen Hills and Mountain Shadows feature a mix of custom and tract home offerings, as well as community amenities designed for growing families and active lifestyles. The company works closely with local municipalities to secure necessary entitlements and infrastructure, while marketing properties through established broker networks and direct sales teams.
AMREP’s mining segment operates underground bituminous coal mines in Colorado’s North Fork Valley, including the West Elk Coal Company and adjacent facilities. This business supplies metallurgical and thermal coal to steel producers, power generators and industrial customers throughout the United States. With long-lived reserves and a focus on safe, environmentally responsible operations, AMREP employs continuous mining techniques and maintains rigorous reclamation programs to comply with state and federal regulations.
The company is led by an experienced management team headed by President and Chief Executive Officer Michael Nuzzo, supported by executives with deep expertise in land development, project finance and natural resource extraction. AMREP’s board of directors brings additional oversight drawn from across real estate, energy and finance sectors. While remaining focused on its core Colorado markets, the company continues to evaluate strategic opportunities to enhance shareholder value through disciplined capital allocation and potential expansion of its two operating segments.
