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AMREP Corporation is a diversified holding company with operations in real estate development and fulfillment services. The company's primary business involves land acquisition, development, and sale of residential and commercial properties primarily in the southwestern United States through its subsidiary AMREP Southwest Inc. AMREP develops large-scale master-planned communities offering residential lots and commercial parcels to homebuilders and commercial developers. The company also operates Palm Coast Data, a fulfillment services business providing data management, printing, and distribution services. Founded in 1961 and based in Oklahoma City, AMREP takes a patient capital approach to land development, acquiring properties in high-growth corridors and developing infrastructure over multi-year timeframes. The company's business model generates revenues through lot sales tied to housing market conditions in its operating markets. AMREP maintains a conservative balance sheet and focuses on strategic land positions that can deliver value through careful planning and execution.