Tejon Ranch Co.

Tejon Ranch Co. is one of the oldest and most renowned diversified real estate development and agribusiness companies in the United States. The company was established in 1843 and is headquartered in Lebec, California. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations.

The Commercial/Industrial Real Estate Development segment of Tejon Ranch Co. is engaged in the planning and permitting of land for development, construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold. This segment also leases land to two auto service stations with convenience stores, 13 fast-food operations, a motel, an antique shop, and a post office; and various microwave repeater locations, radio and cellular transmitter sites, and fiber optic cable routes. It also leases 32 acres of land for an electric power plant.

The Resort/Residential Real Estate Development segment is associated with land entitlement, planning, pre-construction engineering, stewardship, and conservation activities. The Mineral Resources segment of Tejon Ranch Co. includes oil and gas royalties, rock and aggregate royalties, and royalties from a cement operation leased to National Cement Company of California, Inc. It is also responsible for managing the water assets and infrastructure projects.

The Farming segment of Tejon Ranch Co. farms permanent crops such as wine grapes, almonds and pistachios. Additionally, it also farms alfalfa and forage mix on 626 acres in the Antelope Valley and leases 720 acres of land for growing vegetables, as well as almonds. The Ranch Operations segment provides game management and ancillary land services comprising grazing leases and filming, as well as various guided hunts.

In 2020, Tejon Ranch Co. announced its plans to develop a massive new retail and entertainment complex called “The Outpost” on its 270,000-acre property located in Kern County, California. The development is expected to include entertainment, retail and hospitality as part of a larger “eco-tourism” destination. The project will also include outdoor recreation and educational experiences for visitors. The complex is expected to be completed by 2026.