Consolidated-Tomoka Land Co. is a real estate company, which owns a portfolio of income investments in diversified markets in the United States. The Company operates in several segments including income properties, commercial loan investments, real estate operations, and golf operations. Consolidated-Tomoka also leases some of its land for billboards, has agricultural operations that are managed by a third party, which consists of leasing land for hay and sod production, timber harvesting, and hunting leases, and owns and manages subsurface Interests.