274 0 Kommentare Tejon Ranch Co. to Ring the Closing Bell at the New York Stock Exchange on Tuesday, July 30, 2019 - Seite 2

On the residential side, to address both the current housing shortage in California and to prepare for future population growth, Tejon Ranch is developing three master planned mixed-use residential communities, two in Kern County — Grapevine and Mountain Village — and the other in Los Angeles County — Centennial. Combined, the three communities will include a wide mix of housing types and price points to appeal to a wide variety of geographic and demographic market segments.

In 2008, Tejon Ranch Co. set the model for private conservation when it signed the Tejon Ranch Conservation and Land Use Agreement. This landmark agreement with five major environmental resource groups, Audubon California, Endangered Habitats League, Natural Resources Defense Council, Planning and Conservation League, and the Sierra Club, calls for Tejon Ranch to permanently conserve 240,000 acres of its property – 90% of the Ranch. The acreage includes millions of oaks and other trees, which play an important role in the sequestration of carbon. In 2009, the agreement was recognized with California’s most prestigious environmental honor, the Governor’s Environmental and Economic Leadership Award.

Tejon Ranch takes its responsibility to be a good corporate citizen seriously. In 2008, the Ranch donated 500 acres to the National Cemetery Association for the building of a new national veterans cemetery. The Bakersfield National Cemetery opened in 2009 and has subsequently been recognized as a National Shrine.

About Tejon Ranch Company (NYSE: TRC)

Tejon Ranch Co. (NYSE: TRC) is a growth-oriented, diversified real estate development and agribusiness company whose principal asset is its 270,000-acre historic land holding located approximately 60 miles north of Los Angeles and 25 miles south of Bakersfield. Celebrating more 175 years of history, Tejon Ranch is positioned for growth with its fully operational commercial/industrial real estate development and three master planned communities on the horizon.

More information about Tejon Ranch Co. can be found online at http://www.tejonranch.com.