CBD is a real estate investment, development, building, and consulting firm whose specialty lies in the development of single and multi-family residential housing throughout Florida, New Jersey, and Pennsylvania. Since its inception in 1985, CBD Real Estate Investment LLC and starting in 2024 CBD Land Investors LLC has been a leader in the development of large-scale master-planned communities throughout the Eastern United States. In 2004 CBD expanded to Arizona, Nevada, Texas and New Mexico and today continues to acquire hundreds of acres of land for future development. Now approaching 40 years in business, CBD has developed the location of over 21,000 fine homes. During 2021 – 2023 alone, we developed over 2,200 additional units. Today, we continue to grow.
Traditionally a developer of “for sale” housing, CBD began acquiring development sites suitable for the planned construction of suburban style rental communities in 2013. That was during a period following the great recession when home ownership was in peril. CBD also converted much of its current Florida inventory in Pasco and Polk Counties from planned single family home communities to large master planned rental developments. The company is planning several future residential communities for active seniors looking for homes tailored to their needs, young singles looking for town homes, the affluent looking for country clubs and the less affluent looking for affordable housing. Each new project is an exciting adventure that brings new experiences and opportunities not only to the company and its many investors, but also of course to the ultimate end user.
But we never lost focus of our core business which remains to this day developing communities for TODAY’S homebuyer.
We develop today’s projects for tomorrow’s homebuyer. But in today’s economy is everyone destined to be a homeowner? The answer is NO! As such, we closely follow market trends and the ever-changing housing needs of families. Since the housing market economy slowly began to recover in 2012, rental housing became preferable to homeownership for many, either by preference or by necessity. In 2018 with historically low mortgage rates, the shift changed back to the “for sale” market.
Through the Covid years, Florida exploded with developments as cold weather states fled to warm weather states such as Florida. From 2019 to the current year of 2024 demand for new housing increases evert day.
2020 saw an influx of a third home housing product, a hybrid or rental but this time in a rent to buy program known in our industry as “Build for Rent” or BFR for short. CBD developed four properties exclusively for this market. Most notably was the development and sale of 91 single family lots at our Trotters Crossing project in Zephyrhills. Here, American Homes 4 Rent bought our project and is preparing the land for a single-family home community where one can rent to own.
Rental housing continues to be in high demand among both new entrants to the housing market as well as retirees looking for different housing options. In fact, from 2013 to 2016 more rental housing was being planned, developed and built than traditional for sale housing. This growing demand for rental housing is a significant societal trait that only increases the demand in turn for CBD’s business. Today, with rising interest rates and inflation caused by poor economic decisions in Washington DC, the rental market has cooled although there remains to this day many rental communities under construction but offered to a demanding consumer at very high rental rates.
Growth is not limited to just the rental housing market, however. For sale housing is also continuing to grow at a historic rate, and a number of CBD’s current projects will be sold as single-family lots. And still the growth continues. We have a strong appetite to acquire additional development parcels where we can create residential housing projects anywhere from 100 to 5,000 lots.
Two CBD projects, the Ranches at Lake Mcleod in Eagle Lake (1160 single lots) and Hunt Club Groves in Lake Wales (1228 single family detached and attached housing) were developed and sold and currently under construction by Lennar Homes. The Groves at Orchard Hills, 960 single family lots and over 70K feet of future retail space also located in Lake Wales was developed and sold to California Developer Richland Communities.
In addition to our land development projects, we own and sell land in many states across the country, such as Maine, Florida, Texas and Arizona. Please do not forget to visit our national real estate land bank and affordable real estate investment opportunities available online at Landcentury.com. Here, you may purchase real estate located in 43 states online, or at one of our scheduled national real estate auctions.
We want to hear from you! If you have land to sell, and/or are looking for a development partner to take over your current residential real estate investment, CBD could be your buyer. If you are looking to join us in the development of one of our future real estate investments, CBD could be your partner. If you own land and would like to see how CBD can create added value to your property, CBD could be your developer. If you are looking to acquire your next planned community to build, CBD could have that next project. Please contact David Waronker, President of CBD at dw@gocbd.com.
Welcome to the world of CBD!
“Buy land where the path exists; where there is no path, buy more land and create your own.” David Waronker
CBD Real Estate Investment LLC 