About Us

Continental Land Investments, Ltd., an affiliate of Trapline, LLC, is an Anchorage-based limited partnership founded in 1973 primarily for the development of single- family subdivisions and condominiums. Soon thereafter CLI expanded into purchasing deeds of trust and notes from individuals and institutions. During the late 1980s and early 1990s CLI was active in purchasing deeds of trust and notes from the Federal Deposit Insurance Corporation and also obtained a portfolio from a financial institution in Virginia.

In 1994 CLI started investing rental housing and now owns and manages 70 units itself or though affiliated companies. In 2001 CLI completed its first Low Income Housing Tax Credit project and has developed, through its subsidiary, Trapline, LLC, nine other similar projects throughout Alaska since then.

The principals of Continental Land Investments, Ltd. and its affiliates are Hubert Gellert and Glenn Gellert.

Glenn Gellert joined Continental Land Investments in 1994 after working in banking and the redevelopment of the 4th Avenue Theatre in Anchorage. He is the architect of Continental Land's entry into rental housing and Tax Credit Housing. He holds a Bachelors degree from Middlebury College, an M.B.A. from the University of Oregon School of Business, and serves on the board of the Alaska Ski Education Foundation and Anchorage Housing and Neighborhoods Commission.

H
ugh Gellert, the founder of Continental Land Investments, has held leading positions in the private and government sectors. Holder of Bachelors and Masters degrees from Harvard University, he has served as Deputy Commissioner of Commerce and Economic Development and Director of the Tourism Division of the State of Alaska.

Mr. Gellert formerly headed Development Research Associates, an economic consulting firm, as well as the Kenai Lumber Company. He has been Chair of the Alaska State Medical Board and a member of the Dental Board. He presently serves on the Alaska Kidney Foundation

 

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