UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20509
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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| Item 8.01 | Other Events |
On January 5, 2021, the Kern County Board of Supervisors unanimously approved two conditional use permits that authorize Tejon Ranch Co. (“Company”) to develop 495 multi-family apartment residences within the Tejon Ranch Commerce Center. The development is approved on a 27-acre site located immediately north of the Outlets at Tejon. Kern County’s approval is further described in the press release attached to this Current Report on Form 8K.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| 99.1 | Press Release of the Company dated January 6, 2021, announcing approval to develop multi-family residential complex. | |||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). | |||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: January 6, 2021 | TEJON RANCH CO. | |||||
| By: | /S/ ALLEN E. LYDA | |||||
| Name: | Allen E. Lyda | |||||
| Title: | Executive Vice President, and Chief Operating Officer | |||||
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Exhibit 99.1
FOR IMMEDIATE RELEASE
January 6, 2021
TEJON RANCH CO. APPROVED TO DEVELOP
MULTI-FAMILY RESIDENTIAL COMPLEX
Series of apartment buildings to be located adjacent to the Outlets at Tejon
(Tejon Ranch, CA) — Tejon Ranch Co. (NYSE: TRC) announced today the Kern County Board of Supervisors has approved two Conditional Use Permits (CUPs) which will authorize development of multi-family apartment uses within the Tejon Ranch Commerce Center.
The approved CUPs authorize the Company to develop up to a maximum of 495 multi-family residences, in thirteen (13) apartment buildings, as well as approximately 6,500 square feet of community amenity space and 8,000 square feet of community serving retail on the ground floor of a portion of the residential buildings. The development would be located on a 27-acre site located immediately north of the Outlets at Tejon.
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About Tejon Ranch Co.
Tejon Ranch Co. (NYSE: TRC) is a growth-oriented, fully diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield. Tejon Ranch Co. is positioned for growth with its fully operational commercial/industrial real estate development and three master planned residential communities on the horizon.
Contact:
Barry Zoeller, Senior Vice President, Corporate Communications & Investor Relations
bzoeller@tejonranch.com
(661) 663-4212