Tower City Land Corporation is a subsidiary of Forest City Enterprises, Inc., which is a publicly traded real estate company headquartered in Cleveland. Forest City Enterprises is principally engaged in the ownership, development, acquisition and management of premier commercial and residential real estate throughout the United States. Established in 1920, Forest City operates under three strategic business units, including commercial, residential and land development sectors. The company is traded on the New York Stock Exchange under the ticker symbols FCEA and FCEB. Its portfolio of properties includes interests in retail centers, apartment communities, office buildings and hotels. Forest City has been rated by FORTUNE magazine as the top publicly traded real estate company in the United States. Forest City Enterprises has several locations in Ohio, California, Colorado, New York, Massachusetts and Washington D.C.