Croasdaile Farm

What Croasdaile Farm does

Croasdaile Farm is a real estate development, brokerage, and property management operation headquartered in Durham, North Carolina, operating through its management entity Garden View Realty, Inc. (2451 Croasdaile Farm Parkway, Suite 101, Durham, NC 27705). The company owns and manages a planned mixed-use community on a historic 1,000+ acre farm that originated as one of Durham's most prosperous working dairy farms in the early 20th century. The farm transitioned to a Black Angus cattle operation in 1980, and in 1987 the property was approved for residential development; phased build-out has continued for approximately 30 years.

The portfolio comprises three product lines: (i) Croasdaile Farm Properties, consisting of single-family homesites (400+ developed across Phases 1-7, the Bronze Leaf Extension, and Crystal Lake community, with lot sizes of 1.05 to 1.87 acres in newer phases), governed by community-wide architectural standards; (ii) Woodstone Apartments, 260+ luxury rental units in 1-3 bedroom floor plans ranging from 840 to 1,320 square feet, with amenities including pools, tennis courts, fitness center, business center, and walking trails; and (iii) Silo Offices, a 10,000 sq ft commercial office building with suites from 300 to 3,000 sq ft, where rental rates begin at $25 per square foot inclusive of utilities and janitorial services. The company also has 50+ luxury townhomes delivered through a builder partnership with Homes By Dickerson at Crystal Lake, and previously sold 100 acres within the master plan to United Methodist Retirement Homes in 1994 to develop the Croasdaile Village retirement community, which today houses over 600 residents.

Revenue is generated through three channels: one-time homesite sales (each homebuilder or self-build buyer purchases a developed lot), recurring rents from Woodstone Apartments and Silo Office tenants, and ongoing property management fees covering HOA services, common-area maintenance, and 24-hour emergency maintenance. Customers include residential home buyers, luxury apartment renters, small and mid-sized commercial tenants (with proximity-driven demand from Duke University Medical Center approximately five minutes away), and townhome buyers. Go-to-market is direct: Garden View Realty serves as the primary sales and leasing contact across all three product lines.

Name

Croasdaile Farm

Legal name

Garden View Realty, Inc.

Website

https://croasdailefarm.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Croasdaile Farm is a Durham, NC-based real estate development and property management company operating through Garden View Realty. It develops and manages single-family homesites, Woodstone luxury apartments, Silo Offices commercial space, and Crystal Lake townhomes on a 1,000+ acre historic farm community.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Real Estate (5311), Residential Property Managers (531311), Nonresidential Property Managers (531312)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Residential real estate development
• Luxury apartment rentals
• Commercial office leasing
• Property management services
• Planned community homesites

Headquarters

HQ city

Durham

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Homesite Sales: Sale of single-family residential lots across multiple development phases. Garden View Realty serves as the primary contact for all homesite sales. Over 400 homesites developed across Phases 1-7, Bronze Leaf Extension, and Crystal Lake community.
2. Commercial Office Rental: Rental of commercial office space in the Silo Office Building. Ten thousand square foot building divided into suites from 300 to 3,000 square feet. Rental rates begin at $25 per square foot, including utilities and janitorial services.
3. Apartment Rental: Luxury apartment rentals at Woodstone Apartments with floor plans ranging from 840 to 1,320 square feet. Professionally managed by Garden View Realty with 24-hour emergency maintenance.
4. Property Management Services: Real estate development, real estate brokerage, and property management services provided by Garden View Realty. Maintains common areas and greenspace for the Croasdaile Farm Homeowners Association.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Croasdaile Farm develops, sells, and manages residential real estate on a historic 1,000+ acre farm property in Durham, NC. The company's core offerings include the sale of single-family homesites in its planned residential community, luxury apartment rentals at Woodstone Apartments (260+ units), and commercial office leasing at the Silo Office Building (suites from 300 to 3,000 sq ft). All operations are managed by affiliated Garden View Realty, Inc., which handles sales, leasing, HOA management, common area maintenance, and 24-hour maintenance services.

Product overview

Croasdaile Farm is a real estate development and property management company offering three distinct property divisions: Croasdaile Farm Properties (single-family residential homesites in a planned community), Woodstone Apartments (luxury apartment rentals), and Silo Offices (commercial office space). The company operates on a historic 1,000+ acre farm in Durham, NC, with properties managed by Garden View Realty. The portfolio includes over 400 homesites, over 260 apartments, and over 50 townhomes across multiple development phases.

Differentiator

Problem solved

Functional benefit

Products and services

• Croasdaile Farm Properties (Single-Family Homesites) Single-family residential homesites within a planned community governed by architectural and community-wide standards, offering over 400 developed homesites across multiple phases including the Bronze Leaf Extension and Crystal Lake community. Lots range from 1.05 to 1.87 acres in the Bronze Leaf Extension. Buyers may select their own builder or choose from a provided list.
• Woodstone Apartments Luxury apartment homes offering 1, 2, and 3-bedroom floor plans ranging from 840 to 1,320 square feet, professionally managed by Garden View Realty with 24-hour emergency maintenance. Amenities include an Olympic-size swimming pool, lighted tennis courts, fitness center, business center, clubhouse, and walking trails.
• Silo Offices Commercial office space in a 10,000 square foot building adjacent to historic 1930s barns and silos. Suites range from 300 to 3,000 square feet with rental rates starting at $25 per square foot, inclusive of utilities (except phone and internet) and Monday-Friday janitorial services. Located five minutes from Duke University Medical Center with views of 40-acre park.

Quantifiable outcome

• Over 300 families enjoying life in the Croasdaile Farm community
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles1 record

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 major and core.

• United Methodist Retirement HomesmajorStrategic or Co-development Partner · 1 January 1994United Methodist Retirement Homes purchased 100 acres within Croasdaile Farm in 1994 to construct the Croasdaile Village retirement community. Over 600 residents now reside in this continuing care retirement community located within the Croasdaile Farm property.
• Homes By DickersoncoreChannel Partner/ Reseller/ DistributorHomes By Dickerson serves as a builder partner for the Crystal Lake at Croasdaile Farm community, constructing single-family homes on available homesites within the development.
• Garden View RealtycoreImplementation/ SI/ Consulting PartnerGarden View Realty provides real estate development, brokerage, and property management services for Croasdaile Farm communities for over forty years. Services include homesite sales, common area maintenance, HOA management, and 24-hour maintenance for Woodstone Apartments.

Scale indicators10 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• PulteGroup: Top-five U.S. homebuilder with multi-brand offerings (Centex, Pulte, Del Webb, John Wieland) active in North Carolina. Comparable multi-segment residential strategy targeting first-time, move-up, active-adult, and luxury buyers similar to Croasdaile Farm's segment mix.
• D.R. Horton: Largest U.S. homebuilder by volume, actively delivering single-family homes in the Durham/Triangle market. Competes directly for the same residential buyer pool that Croasdaile Farm's homesite program targets, and operates comparable master-planned community divisions nationally.
• Toll Brothers: Luxury-focused national homebuilder with North Carolina operations including the Triangle. Overlaps with Croasdaile Farm's premium positioning near Duke, and its move-up/luxury townhome product competes directly with Woodstone townhomes and Crystal Lake offerings.
• Century Communities: National homebuilder with expanding North Carolina operations, including the Triangle region. Comparable model of selling homesites/buildable lots in planned communities with builder partnerships, similar to Croasdaile Farm's arrangement with Homes By Dickerson.
• Lennar Corporation: Top-five U.S. homebuilder with active single-family and townhome communities in the Raleigh-Durham market. Directly comparable on the homesite-to-built-home value chain and competes for the same move-up and luxury-adjacent buyer segments Croasdaile Farm serves.

Broad incumbents

• Camden Property Trust: Multifamily REIT owning and operating 170+ apartment communities with a similar resident-amenity-driven operating model to Woodstone Apartments. A scaled, publicly-traded analog of Croasdaile Farm's apartment ownership and third-party management operations.
• Equity Residential: Apartment REIT focused on urban and high-density suburban markets with premium amenity positioning. Comparable to Woodstone's strategy of targeting professional tenants with resort-style amenities, though at far greater scale and in different geographies.
• AvalonBay Communities: Large-cap apartment REIT with high-quality, amenitized communities in Durham-Raleigh and other university-adjacent markets. Closely comparable to Woodstone Apartments in product positioning, amenity package, and tenant profile (professionals near major employment centers).
• Mid-America Apartment Communities: Sunbelt-focused apartment REIT operating amenitized garden-style communities. Its operating model of owning professionally managed rental housing with strong amenities closely parallels Woodstone Apartments' positioning within the Croasdaile Farm master plan.

Regional players

• Crescent Communities: Charlotte-based master-planned community and mixed-use developer with established Triangle-area operations. Closely comparable in developing amenitized residential communities in the Carolinas, though typically larger in scale and focused on different submarkets than Croasdaile Farm.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Croasdaile Farm