Aleut Real Estate, LLC (ARE) is a subsidiary of the Aleut Corporation and is managed by TAC shareholder Melvin Smith, General Manager. ARE manages the Aleut Corporation’s real estate holdings, lands, and its gravel resources.
Real estate holdings: Located in Anchorage and throughout the lower 48. The organization chart pictured below shows the properties that are managed and owned by ARE.
Lands: Under the terms of the Alaska Native Claims Settlement Act (ANCSA), The Aleut Corporation was entitled to 70,789 acres of surface lands and 1.572 million acres of subsurface estate. Most of the Corporation’s ANCSA selections are on the Alaska Peninsula and Aleutian, Shumagin, and Pribilof Islands, situated between Port Moller and the Alaska Peninsula and the western tip of Atka Island. The Corporation owns the village site of Attu as well as numerous historical and cemetery sites between Atka and the Alaska Peninsula.
Current projects on lands: Two mining companies are in the exploration phase in the Shumagin area and Alaska Peninsula. One of the companies has been exploring for gold on a State patented claim on Unga island. The other company has been exploring two areas for copper on the Alaska Peninsula at Pyramid Mountain and another at San Diego Bay.
Gravel resources: ARE manages the Material Management Agreements with the Village Corporations, which make up the larger communities in the Region. Those Village Corporations are the Shumagin Corporation in Sand Point, the King Cove Corporation in King Cove and Tanadgusix Corporation in St. Paul.