The Walt Disney World Hospitality and Recreation Corporation, along with the Walt Disney World Company, Walt Disney Travel Company, Incorporated, and the Reedy Creek Improvement District, owns the land in the Walt Disney World Resort. These are all wholly owned subsidiaries of the Walt Disney Company. Recreacres, Incorporated was incorporated in Delaware in or before 1968 to help buy up property for the Walt Disney World Resort, most of which had already been bought by Compass East Corporation, now Walt Disney World Company.