BBX Capital Corporation

What BBX Capital Corporation does

BBX Capital Corporation is a Florida-based diversified holding company headquartered in Fort Lauderdale that operates through three principal platforms: BBX Capital Real Estate (encompassing Altman Living, Altman Ventures, and the now-divested BBX Logistics Properties), BBX Sweet Holdings (IT'SUGAR and Hoffman's Chocolates), and Renin. The company traces its origins to 1994, is publicly traded on OTCQX (BBXIA) and PINK (BBXIB), and runs a portfolio mix spanning multifamily and single-family residential development, warehouse and logistics real estate, specialty confectionery retail, and home improvement products. Its largest operating asset is IT'SUGAR, acquired in 2017, which operates 120+ specialty sweets stores across the United States and generates annual sales exceeding $100 million through an experiential retail concept branded "sugartainment." The Altman Companies develop and manage multifamily rental apartment communities in Florida (e.g., The Addison on Millenia in Orlando with 292 units) and historically partnered with FRP Development Corp on last-mile logistics projects; that logistics platform was divested in October 2025.

Revenue is generated through a combination of physical retail sales (IT'SUGAR and Hoffman's Chocolates), home improvement product sales (Renin), and real estate development, investment, and management activities concentrated in Florida. The company has $645.7M in total assets, $116M in cash, and $286.2M in shareholders' equity as of June 30, 2024. 2024 consolidated revenue was approximately $307M, down from approximately $401M in 2023, reflecting both the divestiture of the logistics division and softer real-estate transaction volumes. Customer segments include retail consumers of specialty confectionery, SMB and individual buyers of home improvement products, real estate investors and renters in Florida, and historically enterprise tenants in logistics facilities.

In 2025–2026 the company announced strategic steps (April 2025), closed the sale of its Logistics Development Division (October 2025), and announced a cash tender offer in June 2026 to repurchase shares at $4.00 per share—a roughly 32% premium—signaling a deliberate shift toward portfolio simplification and capital return rather than aggressive expansion.

Name

BBX Capital Corporation

Legal name

BBX Capital, Inc.

Website

https://bbxcapital.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

BBX Capital Corporation is a Florida-based diversified holding company operating three platforms: BBX Capital Real Estate (multifamily and commercial development), BBX Sweet Holdings (IT'SUGAR specialty retail and Hoffman's Chocolates), and Renin (home improvement products), serving retail consumers, Florida real estate customers, and home improvement buyers.

Ownership category

akta.pro rank

Product category

Diversified Holding Company

NAICS

Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Diversified holding company
• Real estate development
• Specialty confectionery retail
• Multifamily rental communities
• Home improvement products

Headquarters

HQ city

Fort Lauderdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Confectionery Retail: Revenue from retail sales through IT'SUGAR (120+ stores) and Hoffman's Chocolates, with IT'SUGAR generating annual sales exceeding $100 million. Growth rate of 15-20 new locations per year.
2. Real Estate Investment and Development: Revenue from acquisition, development, construction, ownership, financing, and management of real estate including multifamily rental communities, single-family master-planned for-sale housing communities, warehouse and logistics facilities, and commercial properties primarily in Florida.
3. Logistics Development: BBX Logistics Properties develops logistics facilities through joint ventures, with projects like The Park at Davie (182,000 sq ft) and The Park at Lakeland (213,500 sq ft).
4. Renin: Renin is one of the principal holdings of BBX Capital, involved in home improvement products.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

BBX Capital is a diversified holding company that owns and operates three principal holdings: BBX Capital Real Estate (multifamily rental communities through Altman Living, real estate ventures through Altman Ventures, and logistics facilities through BBX Logistics Properties); BBX Sweet Holdings (IT'SUGAR, the largest specialty sweets retailer in the U.S. with 120+ stores, and Hoffman's Chocolates); and Renin (home improvement products including glass and bathroom fixtures). The company's portfolio spans real estate development, specialty confectionery retail, and building products across the United States with a Florida concentration.

Product overview

BBX Capital is a Florida-based diversified holding company operating a portfolio of distinct subsidiaries and acquired brands. The company is structured as a platform-plus-subsidiaries model with three principal holdings: BBX Capital Real Estate (encompassing Altman Living, Altman Ventures, and BBX Logistics Properties), BBX Sweet Holdings (including IT'SUGAR and Hoffman's Chocolates), and Renin. The portfolio spans real estate development, specialty retail confectionery, and home improvement products sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Altman: Altman Companies encompasses Altman Ventures (operating platforms and ventures) and Altman Living (multifamily rental apartment communities)
• BBX Sweet Holdings
• IT'SUGAR
• Hoffman's Chocolates
• Renin
• BBX Logistics Properties

Products and services

• Altman Living A multifamily rental apartment community development and management platform operating under The Altman Companies, focused on developing Class A residential properties in Florida.
• Altman Ventures An operating platform under The Altman Companies focused on multifamily and mixed-use real estate ventures and investment opportunities in Florida.
• IT'SUGAR The largest specialty sweets retailer in the United States with 120-plus stores, operating an experiential retail 'sugartainment' strategy that combines entertainment with confectionery shopping and features partnerships with brands such as Oreo and M&M's. Acquired by BBX Capital in 2017.
• Hoffman's Chocolates A chocolate company and confectionery brand under BBX Sweet Holdings, operating brick-and-mortar chocolate retail through Hoffman's Chocolates locations.
• Renin A home improvement products company and wholly-owned subsidiary of BBX Capital, focused on building materials including glass and bathroom fixtures.

Quantifiable outcome

• IT'SUGAR achieved annual sales exceeding $100 million
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• FRP Development CorpcoreStrategic or Co-development Partner · 1 July 2024BBX Logistics Properties (a division of BBX Capital Real Estate) partnered with FRP Development Corp, a Jacksonville-based full-service real estate investment and development company, to develop logistics facilities in Florida. The joint ventures include The Park at Davie (182,000 sq ft) and The Park at Lakeland (213,500 sq ft). Both projects are designed to serve last-mile direct-to-consumer distribution needs in South Florida.
• OreominorGTM or Marketing PartnerIT'SUGAR, a subsidiary of BBX Capital, has partnerships with major brands such as Oreo and M&M's to drive foot traffic through exclusive and trending products.
• M&M'sminorGTM or Marketing PartnerIT'SUGAR, a subsidiary of BBX Capital, has partnerships with major brands such as Oreo and M&M's to drive foot traffic through exclusive and trending products.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Camden Property Trust: Multifamily REIT with significant Sun Belt exposure including Florida. Closely comparable to Altman Living's Class A multifamily rental community strategy.
• Brookfield Asset Management: Large-scale global real estate, infrastructure, and alternative asset operator with multifamily, logistics, and mixed-use development. Comparable broad real asset diversification but at vastly greater scale than BBX Capital.
• Hershey Company: Largest North American confectionery manufacturer with branded candy, sweets, and chocolate. Comparable confectionery category exposure to IT'SUGAR and Hoffman's Chocolates but at vastly greater scale.

Emerging players

• See's Candies: Specialty chocolate and candy retailer with strong West Coast brick-and-mortar presence. Comparable specialty confectionery retail format to IT'SUGAR and Hoffman's Chocolates.
• Sugarfina: Boutique luxury candy retailer with experiential, adult-focused positioning. Closely comparable 'experiential candy' concept to IT'SUGAR's sugartainment model.

Direct peers

• The St. Joe Company: Florida-based diversified real estate holding company with significant land holdings, commercial, multifamily, and hospitality operating properties. Highly comparable operating model and Florida geography to BBX Capital Real Estate.
• Toll Brothers: Luxury homebuilder with significant Florida for-sale housing presence and multifamily exposure. Comparable product overlap to BBX Capital's Altman Living and Altman Ventures platforms.
• Howard Hughes Holdings (formerly Howard Hughes Corporation): Diversified real estate holding company operating master-planned communities, multifamily, office, and retail. Comparable diversified real estate platform structure with operating company exposure akin to BBX Capital's Altman/BBX Sweet mix.
• Lennar Corporation: Largest U.S. homebuilder with major Florida single-family and multifamily (via LMC) exposure. Comparable to BBX Capital Real Estate's single-family master-planned and multifamily rental development in Florida.
• Five Point Holdings: Diversified real estate developer of master-planned communities in California and Florida. Comparable land-development and master-planned community strategy to Altman Ventures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/bbxcapital
• Facebookfacebook.com/BBXCapital
• LinkedInlinkedin.com/company/3100463

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A8 records

Investments

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

Frequently asked questions about BBX Capital Corporation