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About
Consolidated Tomoka Land Co. is a diversified real estate operating company. The company operates in four business segments: income properties, commercial loan investments, real estate operations, and golf operations. The Commercial loan Investments segment consists of one loan collateralized by a hotel property in Atlanta, Georgia. The Real Estate Operations segment consists of revenues generated from land transactions and leasing and royalty income from its interests in subsurface oil, gas and mineral rights. The Income Properties segment consists primarily of income producing properties and its business plan is to focus on investing in additional income-producing properties. The Golf Operations segment consist of a single property located in the city, with two 18-hole championship golf courses, a practice facility, and clubhouse facilities, including a restaurant and bar operation and pro-shop with retail merchandise. The company was founded in 1902 and is headquartered in Daytona Beach, FL. | |||
Description
Consolidated-Tomoka Land Co., together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company owns and manages commercial real estate properties. As of December 16, 2016, it owned land holdings of approximately 9,800 acres in Daytona Beach area of Volusia County; 21 single-tenant retail buildings located in Arizona, California, Florida, Georgia, Maryland, North Carolina, Texas, Virginia, and Washington; 10 multi-tenant properties located in California, Florida, Nevada, and Texas comprising 4 self-developed properties located in Daytona Beach, Florida; and full or fractional subsurface oil, gas, and mineral interests of approximately 500,000 surface acres in 20 counties in Florida. The company also operates a semi-private property with two 18-hole championship golf courses, a three-hole practice facility of golf, and a fitness facility, as well as a clubhouse facility, including a restaurant and bar. In addition, it leases land for 19 billboards; and hay and sod production, timber harvesting, and hunting, as well as owns and manages subsurface interests. Consolidated-Tomoka Land Co. was founded in 1902 and is headquartered in Daytona Beach, Florida. | |||
