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InterGroup Corporation
InterGroup Corporation was incorporated in 1965 and has been led by Chairman, President, and CEO John V. Winfield for most of its history.
InterGroup Corporation
InterGroup Corporation was incorporated in 1965 and has been led by Chairman, President, and CEO John V. Winfield for most of its history. The company operates as a diversified real estate holding company with a concentrated portfolio built around two distinct asset pools: a controlling interest in the Santa Fe Hotel in Reno, Nevada, and a collection of multifamily apartment buildings and land parcels concentrated in California. The firm's corporate structure allows public market investors to gain exposure to these assets through its Nasdaq listing under the ticker INTG, creating a governance path that differs from a typical private family office or REIT. The company's strategy centers on long-term ownership of operating real estate, with the proprietary Santa Fe Hotel and Casino in Reno representing its most identifiable single asset. Beyond hospitality, InterGroup holds interests in approximately 20 multifamily properties and a handful of land parcels, nearly all located in California. The portfolio includes direct ownership of apartment complexes and undeveloped land, creating a cash-flow profile that blends gaming-driven hospitality revenue with rental income from residential units. The firm does not operate as a traditional fund manager seeking outside capital — rather, it allocates its own balance sheet to maintain and selectively reposition its holdings. InterGroup operates primarily from its headquarters in Los Angeles, California, with its hotel operations based in Reno. The company's professional footprint is lean, aligned with its strategy of holding and operating a small number of significant assets rather than building a large institutional platform. Winfield has maintained consistent leadership through real estate cycles, creating a continuity-driven governance model. The company also manages ownership of undeveloped land in California, including parcels held for potential future development or sale, though the pace of monetization has historically been gradual. Unlike a traditional REIT required to distribute earnings, InterGroup retains full discretion over its cash flows — a structural differentiator that allows it to reinvest in property renovations, hold land without pressure to develop, and avoid the dividend mandates that shape most publicly traded real estate vehicles. The dual exposure to Reno gaming and California residential real estate creates a portfolio that few public comparables replicate.
General information
Firm type
Asset Manager
Year founded
1965
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Principals
John V. Winfield
Chairman, President & CEO
Sector focus
Frequently asked questions
Who controls InterGroup Corporation?
John V. Winfield has served as Chairman, President, and CEO of InterGroup Corporation for most of its history since incorporation in 1965. He holds controlling equity influence through his long-standing leadership and share ownership. The company operates as a public entity, but Winfield's tenure creates a founder-operator governance model closer to a family-run enterprise than a typical widely held corporation.
What are InterGroup Corporation's primary real estate assets?
The company's most significant single asset is the Santa Fe Hotel and Casino in Reno, Nevada, a full-service hotel and gaming property that it owns and operates. The remainder of the portfolio consists of approximately 20 multifamily apartment properties and several land parcels, concentrated in California. This creates a dual revenue stream from hospitality and residential rental income, with additional optionality from land holdings.
Does InterGroup Corporation raise outside capital or operate as a fund?
No. InterGroup is a publicly traded operating company that deploys its own balance sheet and retains earnings to maintain and reposition its holdings. It does not manage third-party capital commitments, operate a fund structure, or solicit institutional limited partners. Public investors gain exposure solely through purchasing shares of INTG on the Nasdaq.
How is InterGroup Corporation structurally different from a REIT?
InterGroup is a C-corporation rather than a REIT, meaning it is not required to distribute 90% of taxable income as dividends. This structural choice allows the company to retain earnings for property renovations, hold undeveloped land indefinitely, and avoid the distribution mandates that constrain typical publicly traded real estate vehicles. The trade-off is less favorable tax treatment at the corporate level.
What is InterGroup's geographic footprint?
The company operates from its headquarters in Los Angeles, California, while its hotel asset is located in Reno, Nevada. Its multifamily and land holdings are concentrated in California, making it effectively a two-state operation with deep exposure to both the Southern California residential market and the Reno hospitality economy.
Does InterGroup Corporation have philanthropic structures or family office operations?
There is no publicly available evidence that InterGroup operates a separate philanthropic foundation or family office vehicle. The company remains a publicly listed operating entity with real estate holdings as its central business activity, rather than a family office structure managing diversified pools of capital across asset classes.
How does the Santa Fe Hotel fit into InterGroup's broader strategy?
The Santa Fe Hotel and Casino in Reno is InterGroup's flagship operating asset and a primary source of cash flow. By owning and operating a gaming-adjacent hospitality property rather than passively holding real estate, InterGroup generates revenue from both room sales and casino operations. This active operating approach distinguishes it from landlords that simply collect rent from third-party hotel operators.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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