Registered as a diversified real estate company, Tejon Ranch Company engages in real estate, agriculture and ranching operations. The company is registered as the largest private landholding company in California. It publicly trades its common shares on the New York Stock Exchange, using the ticker symbol TRC.
The largest property of the company is the Tejon Ranch, which is a historic land area in California that is located along Interstate 5. The property is considered as the largest single piece of private property in the state, which measures to about 270,000 acres. The size of the property is just about the size of the Los Angeles City and is estimated to be around 40% the size of the state of Rhode Island. Within this property, the company develops the Tejon Ranch Commerce Center, which is about a 1,450-acre commercial and industrial center located at the junction of Interstate 5 and Highway 99. It is also in this same location that they develop the Outlets at Tejon which is an upscale outlet retail center created in partnership with The Rockefeller Group.
In addition to the commercial properties being developed by the company, they are also in the process of creating residential communities in the area and as well as the Tejon Mountain Village, mountain resort community. Several communities are already in the pipeline to fully utilize the area within the property. In addition to the real estate venture of the company, several acres within the Tejon Ranch are used in agriculture and ranching operations. The company grows pistachios, almonds, walnuts, wine grapes and several other row crops. Part of their ranching operations are their more than 12,000 cattle that are grazing within their ranching areas.
Tejon Ranch Company partners with several other businesses to fully harness the potential of their properties. The business is listed as one of the components of the Wilshire 5000 Index and is currently headquartered in Lebec, California.
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