Consolidated Tomoka Land Co. traces its roots back to Jacksonville in the early 1900s. At one time in its history, CTLC and its affiliates owned more than 1.8 million acres of land in Florida.
Seven Naval Store companies are consolidated into Consolidated Naval Stores Company
Tomoka Land Company is formed as a subsidiary to Consolidated Naval Stores Company
Baker, Fentress & Co. (of Chicago) acquires 80% of Consolidated Naval Stores
Consolidated purchases a 33.6% interest in Barnett National Bank
Consolidated moves its corporate headquarters from Jacksonville to Sebring, Florida
Consolidated Naval Stores changes its name to Consolidated Financial Corporation
Tomoka Land Company changes its name to Consolidated Tomoka Land Co. (CTO), and its parent company Consolidated Financial Corporation takes minority share of CTO public on the AMEX (now NYSE MKT)
CTO’s majority owner Consolidated Financial Corporation merges into Baker, Fentress & Co.
CTO moves corporate headquarters to Daytona Beach, Florida
CTO commences development of the LPGA International project in Daytona Beach
Baker, Fentress & Co. sells CTO’s citrus operations in Lake Placid, Florida, and spins off its remaining interest in CTO and CTO becomes 100% publicly traded company
CTO initiates strategy of divesting its land holdings and reinvesting the proceeds in income-producing real estate via tax-deferred like-kind exchange transactions
CTO’s investment in its portfolio of income properties exceeds $100 million
CTO sells 76.5 acres for the construction of a 600,000+ square foot distribution center
CTO’s investment in its portfolio of income properties exceeds $200 million
CTO sells nearly 40 acres for Tanger Outlet Centers (NYSE: SKT) for development of 350,000 sq. foot outlet shopping center.