What HomeFed does

HomeFed Corporation is a privately held real estate development company incorporated in 1988 and headquartered in Carlsbad, California. It is a wholly-owned subsidiary of Jefferies Financial Group (NYSE: JEF). HomeFed specializes in the development of large-scale, mixed-use master-planned communities using New Urbanism and Traditional Neighborhood Development (TND) design principles, developed in long-standing collaboration with movement pioneers Peter Calthorpe (Calthorpe Associates) and Andrés Duany and Elizabeth Plater-Zyberk (DPZ Partners). Its active portfolio spans master-planned communities in California, Florida, Virginia, South Carolina, and New York — including Côta Vera ($1.3B, 868 acres, ~2,700 for-sale homes and 2,100+ apartments in Otay Ranch), The Village of Escaya, San Elijo Hills, Sweetbay, Fanita Ranch (proposed), Ashville Park, and Otay Ranch entitlements covering ~4,450 acres planned for ~13,000 homes.

HomeFed monetizes its portfolio through four revenue streams: (1) selling finished, entitled lots to national homebuilders (Shea Homes, Lennar, Brookfield Residential, CalWest, Samuel Taylor Homes) who construct and sell for-sale homes within the communities; (2) operating a growing portfolio of income-producing rental properties including apartments (Artisan at Escaya, Stirling and Luminary at Côta Vera, The Residences at Escaya/Côta Vera/Sweetbay), commercial/retail (Market Common in Myrtle Beach), and a mixed-use office-and-hotel complex (Renaissance Plaza in Brooklyn with the 667-room New York Marriott at the Brooklyn Bridge); (3) raising development capital through the EB-5 Immigrant Investor Program (recognized as a Top 25 EB-5 Developer); and (4) providing development services including land planning, community design, and construction management. The company has received multiple industry awards including Gold Nugget Grand Awards, NAHB Master-Planned Community of the Year, and the NAHB Pillars of the Industry Award for Best Apartment Community. HomeFed markets through model home sales centers, builder-partner channels, EB-5 investor networks, and community events, targeting individual homebuyers and renters (families, multi-generational households, empty nesters, retirees) as well as national homebuilders and commercial tenants.

Name

HomeFed

Legal name

HomeFed Corporation

Website

https://homefedcorporation.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

HomeFed Corporation is a Carlsbad, California-based real estate developer and wholly-owned subsidiary of Jefferies Financial Group that creates large-scale master-planned communities using New Urbanism design principles, selling finished lots to national homebuilders and operating a growing portfolio of rental apartments, commercial properties, and mixed-use developments across the U.S.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Master-planned communities
• Real estate development
• Income properties
• Land development
• Community design

Headquarters

HQ city

Carlsbad

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Master-Planned Community Land Sales: HomeFed develops master-planned communities and sells finished lots to national homebuilders (Shea Homes, Lennar, Brookfield Residential). Homebuilders then construct and sell homes to end buyers.
2. Income Property Operations: HomeFed owns and operates income-producing properties including apartments for rent and commercial retail/office spaces. These generate recurring rental income from residential tenants and commercial tenants.
3. EB-5 Investment Program: HomeFed raises capital from foreign investors through the EB-5 Immigrant Investor Program. Foreign nationals invest $800,000 in targeted employment areas to obtain U.S. permanent residency, with the capital used to finance development projects.
4. Real Estate Development Services: HomeFed provides development services including land planning, community design, and construction management, working with top land planners and architects to create master-planned communities.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

HomeFed Corporation is a real estate development company that acquires, entitles, and develops large-scale mixed-use master-planned communities, then sells finished lots to national homebuilders and operates income-producing rental apartment, retail, and office properties. The company also raises capital through the EB-5 Immigrant Investor Program to finance its development projects.

Product overview

HomeFed Corporation is a real estate development company with a diversified portfolio of master-planned communities, income properties, and land holdings. The core offering consists of master-planned communities designed using New Urbanism principles, including Côta Vera, San Elijo Hills, The Village of Escaya, Otay Ranch, Sweetbay, Fanita Ranch, and Ashville Park. Supporting the communities are income-producing properties including apartment communities (The Residences at Escaya, The Residences at Côta Vera, Artisan at Escaya, Luminary at Côta Vera, The Residences at Sweetbay), mixed-use developments (Market Common), commercial properties (Renaissance Plaza), and a build-to-rent product (Stirling at Côta Vera). The company also holds undeveloped land (Wild Cherry Canyon) and operates an EB-5 Immigrant Investor Program for capital raising. HomeFed is a wholly-owned subsidiary of Jefferies Financial Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Côta Vera Master-planned community in Otay Ranch, Chula Vista, CA. 868 acres with 2,716 homes for sale, 2,112 apartments for lease, and 120,000 sq. ft. commercial town center. Second village developed by HomeFed in Otay Ranch.
• San Elijo Hills Award-winning master-planned community in San Marcos, CA. 1,921 acres with 3,400 homes, extensive open space, and a 70-acre towncenter with 19-acre park. First residents welcomed in 2000.
• The Village of Escaya Walkable urban village master-planned community in Chula Vista, CA. 450 acres with 992 for-sale homes, 272 for-lease apartments, and 410,000 sq. ft. commercial/town center. Top-selling master-planned community in San Diego County.
• Otay Ranch One of the largest master-planned communities in the United States at 22,899 acres. HomeFed owns approximately 4,450 acres with five undeveloped land holdings planned for about 13,000 homes and 2 million sq. ft. of commercial development.
• Sweetbay Master-planned community on former Bay County International Airport site in Panama City, FL. 700 acres with 3,000 planned homes, 5 miles of bayfront, and up to 700,000 sq. ft. town center. Largest urban infill development in Florida.
• Fanita Ranch Proposed master-planned community in Santee, CA. 2,650 acres with 2,949 proposed homes. Designed by Andrés Duany and Elizabeth Plater-Zyberk of DPZ with emphasis on environmental innovation, 1,600 acres of open space, and 30-acre organic permaculture farm.
• Ashville Park Master-planned residential community in Virginia Beach, VA. 450 acres with 499 planned single-family homes, 15 lakes, and 235 acres of open space including a 30-acre forest preserve.
• Wild Cherry Canyon 2,350-acre leasehold on scenic Central California Coast near Avila Beach. Rugged terrain with panoramic views of San Luis Bay and Pacific Ocean. Various development options under consideration ranging from conservation to mixed-use development.
• Market Common Mixed-use urban village and lifestyle center in Myrtle Beach, SC. 114-acre property with 350,000 sq. ft. retail/office, approximately 1,195 homes and apartments. Part of Myrtle Beach Air Force Base redevelopment.
• Renaissance Plaza 1.5 million sq. ft. high-rise complex in Brooklyn, NY. Includes 32-story mixed-use office tower, 24-story New York Marriott at Brooklyn Bridge with 667 rooms, and underground parking.
• The Residences at Escaya Mixed-use income property in The Village of Escaya. 272 apartments with 20,000 sq. ft. of retail including main street-style retail with residential flats above and 3-story townhomes. Won NAHB Pillars of the Industry Award for Best Apartment Community.
• The Residences at Côta Vera First apartment homes in Côta Vera master-planned community. 280 units with 80 'Big House' style units and 200 traditional style units. Opened for leasing in 2022.
• The Residences at Sweetbay Income property within Sweetbay master-planned community in Panama City, FL. 360 units in six three-story buildings with bayfront access. One, two, and three bedroom apartments with premium finishes.
• Artisan at Escaya Income property within Village of Escaya master-planned community in Chula Vista, CA. 220 apartment homes with 1-2 bedrooms in 3-story buildings. Delivered in 2025.
• Stirling at Côta Vera Build-to-rent townhome community in Côta Vera. 272 two-story townhomes with 1-3 bedrooms. HomeFed's first build-to-rent product. Delivered in 2025.
• Luminary at Côta Vera Income property in Côta Vera master-planned community in Chula Vista, CA. 267 units with 1-2 bedroom apartments in 2-4 story buildings. Delivered in 2025.
• EB-5 Immigrant Investor Program Capital raising program for foreign investors seeking U.S. permanent residency through job-creating investments. Current offering is Côta Vera project in Otay Ranch. HomeFed recognized as Top 25 Developer with Agents Top Project Award.

Quantifiable outcome

• Gold Nugget Grand Award for San Elijo Hills Towncenter and "Master-Planned Community of the Year" from NAHB
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• Peter Calthorpe of Calthorpe AssociatescoreStrategic or Co-development PartnerHomeFed has relied on Peter Calthorpe, one of the most important pioneers and leaders associated with the principles of Traditional Neighborhood Development (TND) and New Urbanism. The company's communities exhibit philosophical design concepts developed through this partnership.
• Andres Duany and Elizabeth Plater-Zyberk of DPZ PartnerscoreStrategic or Co-development PartnerDPZ Partners (Duany Plater-Zyberk & Company), founded by Andres Duany and Elizabeth Plater-Zyberk, are founders of the New Urbanism movement. HomeFed works with them on community design, including at Fanita Ranch, and their association extends back before HomeFed's creation, including work on Rosemary Beach.
• Shea HomescoreChannel Partner/ Reseller/ DistributorShea Homes is one of three nationally acclaimed homebuilders collaborating with HomeFed at The Village of Escaya. They participated in an unprecedented collaborative design process resulting in 27 floorplans uniquely suited to the community.
• Lennar (formerly CalAtlantic Homes)coreChannel Partner/ Reseller/ DistributorLennar, formerly CalAtlantic Homes, is one of three nationally acclaimed homebuilders collaborating with HomeFed at The Village of Escaya and Côta Vera. They participated in the collaborative design process and have started building product at Côta Vera.
• Brookfield ResidentialcoreChannel Partner/ Reseller/ DistributorBrookfield Residential is one of three nationally acclaimed homebuilders collaborating with HomeFed at The Village of Escaya. They participated in the collaborative design process creating cutting-edge architecture uniquely suited to the lifestyle of the vibrant village.
• CalAtlantic HomescoreChannel Partner/ Reseller/ DistributorCalAtlantic Homes (now Lennar) is one of three nationally acclaimed homebuilders collaborating with HomeFed at The Village of Escaya. They participated in the collaborative design process for 27 floorplans.
• CalWest (Home Builder)coreChannel Partner/ Reseller/ DistributorCalWest is one of the home builders constructing product at Côta Vera, along with Lennar and Shea Homes.
• Muss Development LLCmajorStrategic or Co-development PartnerMuss Development LLC is one of the largest real estate development companies in New York City, active since 1906. They partner with HomeFed on Brooklyn Renaissance Plaza, owning the 850,000-square-foot office building and 888-space garage.
• Marriott InternationalmajorStrategic or Co-development PartnerMarriott International partners with HomeFed and Muss Development on the New York Marriott at The Brooklyn Bridge, part of the Brooklyn Renaissance Plaza. The 667-room hotel was the first hotel built in Brooklyn in more than 50 years.
• UGlobalminorGTM or Marketing PartnerUGlobal recognizes HomeFed as a Top 25 EB-5 Developer, providing third-party validation for their EB-5 Immigrant Investor Program offerings.
• Samuel Taylor HomesminorChannel Partner/ Reseller/ DistributorSamuel Taylor Homes is the homebuilder that sold the first homes in SweetBay community in 2016, beginning development of the 700-acre master-planned community.

Scale indicators8 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Five Point Holdings: Five Point Holdings is a direct peer as a publicly traded master-planned community developer operating in California (Great Park Neighborhoods in Irvine, Valencia in Santa Clarita). Like HomeFed, it develops large-scale, mixed-use master-planned communities with entitlements, builder partnerships, and long-term land stewardship strategies.
• The Howard Hughes Corporation: The Howard Hughes Corporation develops and manages large-scale master-planned communities in the U.S. (The Woodlands, Summerlin, Bridgeland), combining land development with commercial and residential real estate operations. Highly comparable to HomeFed in master-planning, mixed-use development, and long-duration value creation strategies.
• Lennar Corporation: Lennar is one of HomeFed's primary builder partners but also operates significant land development operations through LEN.x (formerly CalAtlantic). Lennar develops and sells master-planned community homes in California, including at HomeFed's Côta Vera, making it both customer and operational peer in land development and homebuilding.
• Forestar Group: Forestar Group (a D.R. Horton subsidiary) is a direct peer as a publicly traded residential land developer that acquires, entitles, and develops residential lots for sale to homebuilders, including D.R. Horton. Similar to HomeFed, it operates a long-duration land development model with builder customer relationships.
• Shea Homes (Shea Properties): Shea Homes is a primary builder partner of HomeFed at multiple master-planned communities. As a large private homebuilder operating in California and other Western states, Shea represents both a customer and comparable developer, building for-sale product within master-planned contexts.
• Brookfield Residential: Brookfield Residential is a HomeFed builder partner at The Village of Escaya and a major North American homebuilder and land developer. Operates similar builder-developer model with master-planned community participation and comparable product offerings in California and select U.S. markets.

Broad incumbents

• D.R. Horton: D.R. Horton is America's largest homebuilder and operates a broad portfolio across most U.S. markets, including significant California operations. While primarily a builder rather than master-planned community developer, it competes in the same end-customer market and participates in master-planned communities as both buyer and developer via Forestar.
• Toll Brothers: Toll Brothers is a large national luxury homebuilder with significant California presence through Toll Brothers at Côta Vera (HomeFed's community). As a broader incumbent homebuilder, it overlaps with HomeFed's builder partners in the for-sale housing market at similar price points and product types.
• Tri Pointe Homes: Tri Pointe Homes is a major California-focused homebuilder operating in master-planned communities across the Western U.S. Comparable to HomeFed's builder partners in product, geography, and target buyer segments (move-up and luxury), though operates as a builder rather than community developer.
• KB Home: KB Home is a major California-based homebuilder with deep expertise in master-planned community construction across California and the Southwest. As both a competitor to HomeFed's builder partners and a participant in similar master-planned developments, it represents a relevant market overlap in the California residential construction space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HomeFed