CBD Real Estate Investment

What CBD Real Estate Investment does

CBD Real Estate Investment LLC is a privately held residential land development and investment firm founded in 1985 by David Waronker and headquartered in Celebration, Florida with a regional office in Mount Laurel, New Jersey. The company's core business is acquiring raw or partially entitled land, navigating multi-year municipal approval processes in jurisdictions such as New Jersey, Pennsylvania, and Florida, and disposing of finished single-family lots, multi-family parcels, and master-planned community sites to national homebuilders. Its stated specialty is the governmental approval process, which can take two to five years and add approximately 35% to the cost of a finished home. The firm has developed over 21,000 homes since inception, including over 2,200 units during 2021-2023, and reports over 50 major tracts in New Jersey/Eastern Pennsylvania and 17 large multifamily projects in Central Florida.

Revenue is generated through three primary streams: (1) one-time lot and land sales to homebuilders such as Lennar, D.R. Horton, Pulte, K Hovanian, Highland Homes, and American Homes 4 Rent, with notable single transactions including the $18 million Ranches at Lake McLeod sale to Lennar; (2) structured real estate investment partnerships and private placement LLCs with accredited investors, typically sized from $50,000 to $2,000,000 per investor; and (3) a national online land marketplace via Landcentury.com covering 43 states, complemented by scheduled national real estate auctions. The company also raises capital through project-specific SPVs (e.g., CBD at Bonnie's Landing LLC, Wire Ranch Investors LLC, Pretty Pond Investors LLC, Berkley Ranch Investors LLC). Starting in 2024, operations are also conducted under CBD Land Investors LLC, signaling a formalized land-investing vehicle alongside the core development business. The firm is a member of the National Association of Home Builders, Florida Home Builders Association, Polk County Builders Association, New Jersey Builders Association, and Builders League of South Jersey.

The organization operates with a lean 1-10 employee footprint, executing through a network of wholly-owned project LLCs and capital partners. Beyond traditional for-sale housing, CBD has pivoted into Build-for-Rent (BFR) and suburban-style rental community development since 2013, converting portions of its Florida inventory in Pasco and Polk Counties to rental use. The company holds investments and operations across at least 12 states including Florida, New Jersey, Pennsylvania, Arizona, Nevada, Texas, New Mexico, California, Maine, Arkansas, and Colorado, and pursues regulatory and litigation-driven entitlement strategies, including Mount Laurel II affordable housing cases in New Jersey.

Name

CBD Real Estate Investment

Legal name

CBD Real Estate Investment LLC

Website

https://gocbd.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

CBD Real Estate Investment LLC is a privately held residential land development firm founded in 1985 that acquires, entitles, and sells single-family lots, multi-family parcels, and master-planned communities to national homebuilders across the Eastern U.S., Florida, and select Western states.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Land Subdivision (237210)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

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

akta.pro secondary industry

Land & Development Site Brokerage (BPAJABAG)

Keywords

• Residential land development
• Master-planned communities
• Build-to-rent housing
• Real estate investment partnerships
• Land acquisition services

Headquarters

HQ city

Florida

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Land Development and Sale: CBD acquires raw land, navigates government approvals, and develops residential lots for sale to homebuilders. Revenue is generated through the sale of developed single-family lots, multi-family parcels, and master-planned communities.
2. Real Estate Investment Partnerships: CBD builds synergistic limited partnerships and LLCs with various individuals and entities for real estate development investments. Investment requirements range from $50,000 to $2,000,000 per investor. These are structured as private placement offerings.
3. Land Acquisition Services: CBD buys land either raw or approved for development, with ability to close in cash within thirty days. They specifically target infill development sites and land suitable for residential development.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

CBD Real Estate Investment acquires raw and partially entitled land, navigates state and municipal government approval processes, and develops single-family lots, multi-family parcels, and master-planned communities for sale to national homebuilders and developers. The firm also operates Landcentury.com as a national online land bank selling parcels in 43 states to individual buyers and through scheduled auctions, and structures project-specific LLC and limited partnership offerings for accredited investors.

Product overview

CBD Real Estate Investment LLC operates as a diversified real estate investment, development, building, and consulting firm with a comprehensive portfolio of residential land development products. The company offers master-planned communities, rental housing developments (including Build for Rent programs), land banking services through Landcentury.com, and land acquisition/consulting services. Operating since 1985, the company specializes in single and multi-family residential housing throughout Florida, New Jersey, Pennsylvania, and has expanded to Arizona, Nevada, Texas, New Mexico, California, and other states. The company has developed over 21,000 homes and continues to acquire hundreds of acres for future development.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Land Development End-to-end development of single and multi-family residential housing through large-scale master-planned communities across Florida, New Jersey, Pennsylvania, Arizona, Nevada, Texas, New Mexico, California and other states. Targeted at national homebuilders and developers seeking entitled land for vertical construction.
• Master-Planned Communities Large-scale planned residential communities featuring single-family homes, townhomes, and multi-family units with amenities and recreational spaces. Sold to homebuilders for vertical construction.
• Rental Housing Communities (including Build-for-Rent) Suburban-style rental communities including garden apartments, townhomes, and single-family homes for rent, including Build-for-Rent (BFR) programs. Sold to build-for-rent operators and rental housing developers, including American Homes 4 Rent (Trotters Crossing, 91 lots) and CKT Development (Pretty Pond Apartments, Oaks at Pasco).
• Landcentury.com National Land Bank

Quantifiable outcome

• Over 21,000 homes developed since 1985
• +3 more outcomes

Named customers9 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

Feature1 record

Partnerships

Four partnerships are on record, tiered significant, core and minor.

• Nemo Credit CorporationsignificantStrategic or Co-development Partner · 5 August 2015CBD partnered with Nemo Credit Corporation of Annapolis, Maryland to develop 224 garden style apartments at Oaks at Pasco in Zephyrhills, FL. Nemo provided financing partnership for the 22-acre project.
• Landcentury.comcoreChannel Partner/ Reseller/ DistributorCBD Real Estate Investment operates Landcentury.com as a national real estate land bank and affordable real estate investment platform, offering properties in 43 states through online sales and scheduled auctions.
• CKT Development CompanyminorChannel Partner/ Reseller/ DistributorCBD sold development sites to CKT Development Company including Pretty Pond Apartments (168 units) and Oaks at Pasco (224 units) for apartment construction.
• American Homes 4 RentminorChannel Partner/ Reseller/ DistributorSold Trotters Crossing project (91 single family lots) in Zephyrhills to American Homes 4 Rent for build-for-rent single-family home community development.

Scale indicators11 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Forestar Group: Publicly-traded residential lot developer (long affiliated with D.R. Horton) that acquires, entitles, and develops finished lots primarily for sale to a single anchor homebuilder across multiple U.S. geographies. Directly comparable to CBD's entitlement-heavy, build-to-homebuilder model.
• Five Point Holdings: Master-planned community developer with major Florida and California operations (including the 6,000-acre Hope Ranch and Valencia plans). Closely comparable to CBD on master-planned community development model and FL presence, though at meaningfully larger scale.
• Neal Communities: Florida-focused, family-owned residential developer and homebuilder with 50+ years of history building amenitized communities across SW Florida. The most direct geographic peer for CBD's Central Florida single-family and active-adult product.
• Landsea Homes: Publicly-traded residential developer/builder active across FL, TX, AZ, and CA serving entry-level through luxury segments. Direct overlap with CBD's master-planned community and for-sale housing strategy in growth states.
• Dream Finders Homes: Publicly-traded homebuilder with significant Jacksonville/North Florida presence and an integrated land development platform. Comparable to CBD on Florida-focused build-to-rent homebuilder model and for-sale lot supply.
• Mattamy Homes: Largest private homebuilder in North America with a vertically integrated land acquisition, entitlement, and development function across 17 U.S. markets and Canada. Comparable to CBD on the land-to-homebuilder vertical, though at substantially larger scale.
• LGI Homes: Publicly-traded homebuilder focused on entry-level housing with an integrated land acquisition and entitlement function. Overlaps with CBD on lot acquisition strategy and exposure to Florida and Texas growth markets.

Broad incumbents

• Taylor Morrison: Top-5 U.S. homebuilder with land development capabilities across FL, AZ, TX, CA, and other growth states. Comparable on master-planned community and BFR product but operates at materially larger scale and through national distribution.
• Tri Pointe Homes: Top-10 U.S. homebuilder operating multiple regional brands with integrated land acquisition and development. Overlap with CBD on master-planned community development in FL, NC, VA, and CA.
• Beazer Homes: Top-15 U.S. homebuilder with operations across FL, TX, AZ, NV, NC, SC, GA, and other growth markets. Adjacent to CBD's for-sale and BFR product exposure but with broader geographic and product diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cbd-real-estate-investment-llc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries8 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 CBD Real Estate Investment