What Cedarland Development does

Cedarland Development Group is a privately held, family-controlled real estate development and property management company headquartered at 60 Lakefront Boulevard in Buffalo, New York. Founded by Dr. Fadi Dagher in 2014 and formally established with his son Kevin Dagher (now CEO) in 2015, the company owns and manages approximately 800,000 square feet of mixed residential, commercial, and industrial property across Western New York, with 400+ residential units under management and a recent expansion into Rochester (43 multi-family units acquired in 2020). Core products span apartment communities — including The Grid (217 units, the largest residential building in Buffalo), Park75 (84 units, opening July 2025), Creekview Luxury Apartments, and the affordable Eckhardt Lofts at 950 Broadway — alongside commercial and industrial assets such as Waterfront Village (100,000 SF) and Rano Park (250,000 SF Class A industrial).

The company's technology stack is conventional for the sector: AppFolio serves as the property management platform for tenant communications, lease tracking, and payments, while newer developments incorporate consumer-facing features like smart home controls, EV charging, and biophilic design. Cedarland Construction, a subsidiary, delivers general contracting, design-build, pre-construction, and consulting services, including certified EV installation for National Grid in New York State, providing vertical integration from acquisition through ongoing operations.

The business model is a mix of recurring and one-time revenue: monthly residential rental income and commercial lease payments form the recurring base, supplemented by development profits from ground-up construction (e.g., The Grid at $34M), property management fees for third-party owners, real estate consulting, and construction management fees. Go-to-market is direct-to-tenant and direct-to-investor through website contact forms, phone inquiries, and the company's own leasing and property management staff. The company is privately funded with no disclosed institutional investors, no funding rounds, and operates within a defined regional footprint in Western New York plus Rochester.

Name

Cedarland Development

Legal name

Cedarland Development Group

Website

https://cedarlanddevelopment.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Cedarland Development Group is a privately held Buffalo-based real estate developer and property manager that owns and operates approximately 800,000 SF and 400+ residential units across Western New York and Rochester, serving residential tenants, commercial tenants, and third-party property owners through integrated development, construction, and management services.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Land Subdivision (2372), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513), General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

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

Keywords

• Real estate development
• Property management services
• Commercial leasing
• Residential property management
• Construction management services

Headquarters

HQ city

Buffalo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Residential Rental Income: Monthly rental income from residential units including apartments, multi-family homes, and single-family homes across Western New York properties.
2. Commercial Leasing: Rental income from commercial properties including office space, retail, and industrial/flex space throughout Buffalo and WNY region.
3. Property Management Services: Professional property management services including tenant screening, rent collection, maintenance, and property maintenance for third-party property owners.
4. Real Estate Development: Development fees and profits from new construction projects including residential complexes and commercial buildings. Revenue generated from ground-up construction and comprehensive redevelopment projects.
5. Consulting Services: Real estate consulting services including analysis, underwriting, marketing, negotiating, and financing guidance for clients.
6. Construction Management: General contracting, project management, design-build, pre-construction, and consulting services for construction projects through Cedarland Construction subsidiary.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Cedarland Development Group is a Western New York real estate development and property management firm that develops, owns, and operates a portfolio of approximately 800,000 square feet of mixed residential and commercial properties, including apartment communities (Park75, The Grid, Eckhardt Lofts, Creekview), commercial complexes (Waterfront Village, Rano Park), and multi-family residences across Buffalo and Rochester. The company also provides vertically integrated services including third-party property management, commercial leasing, real estate consulting, investment services, and construction management through its Cedarland Construction subsidiary.

Product overview

Cedarland Development is a multifaceted real estate development company operating primarily in Western New York. The company offers a portfolio of residential and commercial properties along with integrated services including real estate development, property management, leasing, consulting, construction management, and investment services. The core product portfolio includes apartment communities (Park75, The Grid, Eckhardt Lofts, Creekview), commercial properties (Waterfront Village, Rano Park industrial), and multi-family residential buildings throughout Buffalo and Rochester. Cedarland Construction serves as a subsidiary providing construction services including general contracting, design-build, and certified EV installation.

Differentiator

Problem solved

Functional benefit

Products and services

• Park75 (1175 Delaware Ave) An 84-unit luxury apartment community at 1175 Delaware Ave featuring sustainability, wellness-focused design, smart home features, and EV charging stations. Located near BNMC and Elmwood Village in Buffalo, NY. Offers fully furnished studios and one-bedrooms, plus unfurnished studios, one-, and two-bedroom options with expansive windows, white oak finishes, and in-unit laundry.
• The Grid (1155 Main St) A 217-unit mixed-use residential building, the largest residential building in Buffalo, featuring rooftop terrace, EV charging, fitness center, and commercial space. Located near the Buffalo Niagara Medical Campus. Stabilized by July 2021.
• Eckhardt Lofts (950 Broadway) A 28-unit affordable housing development in downtown Buffalo featuring stainless steel appliances, granite countertops, gated parking, and proximity to MLK Jr. Park. First floor hosts a Community Action Organization of WNY Head Start program serving over 55 families.
• Creekview Luxury Apartments (9150 Transit Rd) An 18-unit luxury apartment complex in East Amherst featuring stainless steel appliances, private balconies, in-unit laundry, and views of Gott Creek. Stabilized February 2020.
• Waterfront Village (40 La Riviere Dr) A 100,000 sq. ft. premiere downtown commercial complex on Buffalo's waterfront offering office space with green space, walking paths, and access to Canalside.
• Rano Park (25 Rano Street) A 250,000 sq. ft. Class A industrial project in Buffalo.
• 1920 Niagara Street An 11-unit historic multi-family residence in Black Rock with 1, 2, or 3 bedroom apartments, fully remodeled and rehabilitated.
• Cedarland Construction Construction subsidiary of Cedarland Development offering general contracting, project management, design-build, pre-construction, construction management, consulting services, and certified EV installation for National Grid across Western New York.
• Real Estate Development Services Full-service real estate development services including retail, office, industrial development, single and multi-family homes, and brownfield remediation projects across Western New York.
• Property Management Services Professional property management services including tenant screening, rent collection, maintenance, eviction handling, and property stabilization for third-party property owners.
• Commercial Leasing Services Commercial real estate leasing services helping businesses trim upfront costs and secure ideal office, retail, and industrial locations across Western New York.
• Real Estate Consulting Services Real estate consulting services including brokerage, executive-level consulting, market analysis, underwriting, marketing, negotiating, and financing guidance for clients.
• Investment Services Real estate investment services including acquisition, development, management, analysis, underwriting, marketing, negotiating, and financing across residential and commercial properties in Western New York.

Quantifiable outcome

• Successfully transformed 1920 Niagara from less than 20% occupancy to fully stabilized 11 market-rate apartments in 2020
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

One partnership is on record.

• Community Action Organization of Western New YorkcoreStrategic or Co-development Partner · 1 January 2024Cedarland partnered with the Community Action Organization (CAO) of WNY to provide space for a free Head Start education program at 950 Broadway. CAO occupies the entire first floor of the revitalized Eckhardts building, providing educational services benefiting over 55 children and families in the Broadway and Fillmore community. This partnership extends Cedarland's mission beyond real estate into vital social services.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Ellicott Development Company: Buffalo-headquartered mixed-use real estate developer with a residential and commercial portfolio across Western New York, directly comparable in geography, product mix, and mid-market scale to Cedarland.
• Ciminelli Real Estate Corporation: Long-standing Buffalo-based developer and property manager of office, industrial, and residential assets, overlapping with Cedarland's WNY footprint and full-service development-plus-management model.
• Savarino Companies: Buffalo-area developer with in-house construction and property management capabilities serving both residential and commercial clients, mirroring Cedarland's vertical integration in the same regional market.
• McGuire Development Company: Buffalo-based real estate developer and manager focused on commercial and mixed-use properties in Western New York, comparable in regional scale and asset type to Cedarland's commercial holdings.
• Uniland Development Company: Buffalo-headquartered commercial and residential developer with a sizable WNY portfolio, directly overlapping Cedarland in market and product mix (multifamily and mixed-use).
• Sinatra & Company Real Estate: Buffalo-based full-service real estate firm with development, brokerage, and property management, comparable to Cedarland's bundled service offering in the same metro.

Broad incumbents

• Related Companies: National luxury and mixed-use developer with a multifamily portfolio, representing the scaled incumbent that regional players like Cedarland compete against for tenants and capital.
• WinnCompanies: Large multifamily owner/operator with significant affordable housing exposure, a comparable institutional counterpart to Cedarland's residential and affordable portfolio strategy.

Emerging players

• The NRP Group: Nationally active multifamily and affordable housing developer with a similar mix of market-rate and mixed-income apartments, overlapping Cedarland's product type and affordable-housing positioning.

Regional players

• Pyramid Brokerage Company: Upstate New York commercial real estate brokerage and services firm with regional overlap, comparable as a complementary services peer for the commercial leasing and consulting side of Cedarland's business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/cedarlanddevelopment
• Xx.com/cedarlanddev
• Facebookfacebook.com/cedarlanddev
• LinkedInlinkedin.com/company/cedarland-development-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Cedarland Development