Ponderosa Land Development Company is a Houston-based commercial real estate development company, which was established in January 2000. The impetus of our business philosophy and strategy is to identify, acquire, and develop quality commercial real property located in premier locales that are demographically desirable, have high traffic, and are densely populated for retail build-to-suit and other development. We concentrate our efforts on developing single and multi-tenant commercial retail property assets located primarily in the major metropolitan hubs throughout the State of Texas. Ponderosa believes that its methodical approach to selecting and developing retail properties yields the highest levels of long-term tenant occupancy and rental income.
We are continuously striving to enhance our business strategy by predominantly developing and managing a core portfolio of commercial retail properties for lease, on a long term basis, to investment grade corporate tenants and market-dominant national credit tenants. Our real estate portfolio includes grocery-anchored community shopping centers, multi-tenant retail centers, free standing buildings, and other commercial properties on lease to blue chip tenants from all industry sectors, including the grocery, telecommunications, apparel, soft goods, financial services, healthcare, and restaurant sectors.
Since inception, Ponderosa and its affiliates have developed, owned, and managed more than 80 commercial retail properties, exceeding $400 million in aggregate value, in conjunction with the expansion efforts of our valued retail tenants.