What Timber Development does

Timber Development Corp. is a privately held commercial property development and management company founded in 1992 by Michael Timmons and Douglas Bercu and headquartered at a home-office address in Longwood, Florida. The company develops, owns, brokers, leases, constructs, and manages retail shopping centers across the United States, operating a portfolio that by year-end 2016 was planned to reach 27 shopping centers across 13 states, encompassing more than 2 million square feet of developed retail space at a reported 92% average leased occupancy. Its tenant roster is anchored by national retail and food-service brands including Home Depot, Lowe's, Walmart, CVS Pharmacy, McDonald's, Wendy's, Food Lion, Dollar Tree, Staples, GameStop, and others, with the company marketing available space to small, medium, and large businesses seeking to start or expand into new territories.

The business operates on two revenue streams: (1) development-driven one-time transactions covering brokerage, construction, and lease-up of new retail centers, and (2) recurring property management and leasing income from its owned portfolio. Go-to-market is executed through direct enterprise field sales — prospective tenants are engaged via phone and a single AOL email address — with no formal digital marketing, CRM system, mobile app, API, or installed technology stack disclosed. The company reports 1–10 employees, relies on outsourced property management to run its 25+ active centers, and has no disclosed institutional investors, parent company, subsidiaries, or external funding events.

In 2014 the company expanded its portfolio through the acquisition of three assets; the year-end 2016 portfolio target of 27 centers across 13 states represents the most recent disclosed scaling milestone. No subsequent acquisitions, capital raises, technology deployments, leadership transitions, geographic expansions beyond the 13-state footprint, or partnership formations have been disclosed, and no AI/ML capabilities, certifications, regulatory actions, or restructuring events appear in the available materials.

Name

Timber Development

Legal name

Timber Development Corp.

Website

https://timberdevelopment.net

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

Timber Development Corp. is a Longwood, Florida-based private commercial property developer that owns and manages 25+ retail shopping centers across 13 U.S. states, leasing space primarily to national retail and food-service tenants.

Ownership category

akta.pro rank

Headquarters

HQ city

Longwood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Shopping Center Development: The company generates revenue through developing shopping center properties, including land development, retail development, and business park development. They broker, lease, construct, and develop retail shopping centers across the United States.
2. Property Management: Timber Development owns and manages over 25 active properties with an average of 92% leased space, generating recurring management fees from their portfolio of shopping centers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Timber Development Corp. develops, leases, constructs, and manages retail shopping centers across the United States. The company brokers and develops commercial properties—including land development, retail center construction, and business park development—and then leases space within its portfolio to retail and commercial tenants while providing ongoing property management services.

Product overview

Timber Development Corp. is a shopping center development and management company that operates as a unified service platform rather than a modular software product. Founded in 1992, the company offers an integrated suite of commercial property services centered on Shopping Center Development and Property Management as core offerings, supplemented by Land Development, Retail Development, and Business Development service lines. The company has developed more than 2 million square feet of shopping center space across 27 shopping centers in 13 states, maintaining an average of 92% leased space. Their business development service helps businesses of all sizes expand into new territories by securing locations within their retail center portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Shopping Center Development

Quantifiable outcome

• 92% average occupancy rate across portfolio demonstrates strong tenant retention and property management quality
• +2 more outcomes

Named customers17 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Regency Centers: National grocery-anchored shopping center REIT that develops, owns, and operates open-air retail centers leased to leading grocers and retailers. Mirrors Timber Development's anchor-tenant strategy with Walmart, Home Depot, and similar national retailers.
• Brixmor Property Group: Open-air shopping center REIT that owns and operates a national portfolio leased to a broad mix of national and regional retailers. Comparable business model and tenant mix (e.g., Dollar Tree, Michaels) to Timber Development's portfolio.
• Kimco Realty: Largest publicly-traded open-air shopping center REIT in the U.S., owning and operating grocery-anchored and necessity-based centers nationwide. Directly comparable to Timber Development's shopping center ownership and leasing business, though at vastly greater scale.
• Kite Realty Group Trust: Open-air shopping center REIT with a portfolio anchored by leading grocers, discounters, and home/fashion retailers (e.g., Walmart, Michaels, similar to Timber's tenant list). Operates in the same multi-state shopping center ownership and leasing model.
• Phillips Edison & Company: Neighborhood shopping center REIT focused on grocery-anchored necessity-based retail with a multi-state portfolio. Closely aligned with Timber Development's small-format, multi-tenant, grocery- and service-anchored center strategy.
• Site Centers: Pure-play open-air shopping center REIT (formerly DDR) focused on necessity-based and value-oriented retail centers. Overlapping tenant types (Walmart, Staples, Dollar Tree-style users) and similar multi-state geographic footprint as Timber Development.
• RPT Realty: Open-air shopping center REIT focused on necessity-based, grocery-anchored centers leased to national tenants. Directly comparable in tenant strategy and open-air retail center focus.
• Federal Realty Investment Trust: Long-established REIT that owns, operates, and develops open-air and mixed-use shopping districts, with a focus on strong-tenant, high-occupancy centers. Comparable in owning and actively managing retail real estate across multiple U.S. geographies.
• Weingarten Realty Investors: Long-standing shopping center owner/operator (took private in 2021) historically focused on open-air, grocery-anchored retail. Historically a strong comparator for privately-held multi-state shopping center developers like Timber Development.
• InvenTrust Properties: Private/open-air shopping center owner-operator focused on grocery-anchored, multi-tenant retail centers across the U.S. Operates a directly comparable business model of acquiring, leasing, and managing shopping centers with national tenants.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/timber-development-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Timber Development