Consolidated-Tomoka Land Co., together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties. As of December 31, 2017, the company owned land holdings of approximately 8,100 acres in Daytona Beach area of Volusia County; 26 single-tenant retail buildings located in Arizona, California, Florida, Georgia, Maryland, Massachusetts, Nevada, North Carolina, Oregon, Texas, Virginia, and Washington; 11 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 462,000 surface acres in 20 counties in Florida. It also operates a semi-private golf club 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, the company leases land for 19 billboards; and hay 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.