Tejon Ranch Co.
Tejon Ranch Co. is a real estate development and agribusiness company. The company's real estate operations consist of the following activities: land planning and entitlement, real estate development, commercial sales and leasing, income portfolio management and conservation. It operates through four segments: Real Estate Commercial/Industrial Development, Real Estate Resort/Residential Development, Mineral Resources and Farming. The Real Estate Commercial/Industrial Development segment activities include: entitling, planning, and permitting of land for development; construction of infrastructure; the construction of pre-leased buildings; the construction of buildings to be leased or sold; and the sale of land to third parties for their own development. This segment also includes activities related to communications leases, and ancillary land uses such as grazing leases, landscape maintenance fees, and game management revenues. The Real Estate Resort/Residential Development segment operations include land entitlement, land planning and pre-construction engineering, land stewardship and conservation activities. The Mineral Resources segment generates revenues from oil and gas royalty leases, rock and aggregate mining leases. The Farming segment produces revenues from the sale of wine grapes, almonds, and pistachios. The company roots back to 1843. The company was founded by Edward Fitzgerald Beale in 1936 and is headquartered in Lebec, CA.