June 5, 2012
Marble Falls, Texas

CBD Real Estate Investment LLC, a Celebration Florida based real estate investment, development and building company, announced that it acquired 247 single family detached finished building lots located in Horseshoe Bay.

The lots acquired by CBD are located in Horseshoe Bay South, North and West. Although no purchase price was discussed, according to Llano and Burnett County records, the total value of the real estate acquired by CBD and its partners is $2.217 million.

CBD acquires residential building lots and land across the United States. It specializes in acquiring distressed assets including land and mortgages. Although CBD does have a division that acquires land for long term investment, the land in Horseshoe Bay is intended to be resold immediately. According to CBD Compliance Officer Raj Balkaran, CBD intends to sells the lots at current market values starting in the fourth quarter 2012. Mr. Balkaran estimates CBD will sell its entire inventory within eight to twelve months.

The land was purchased by CBD from Textron Financial of Greenwich Connecticut. Textron adversely acquired title to the land from prior owners who previously purchased the lots from California based National Recreational Properties Inc. CBD and its affiliate Desert Mountain Land also have acquired another 17 lots from individual owners throughout the Horseshoe Bay community. It also has under contract 151 more building lots throughout the community.

David Waronker, President of CBD Real Estate, believes its investment in Horseshoe Bay will be significant not only for his company but also for its many future customers. According to Mr. Waronker the land and lots acquired are very low prices and will be resold to the public for prices never seen before in Horseshoe Bay, with some lots selling for just $1000. At the peak of the housing market, the average sales price for a lot in HSB was $21,000.

David Waronker
CBD REAL ESTATE INVESTMENT LLC
President

March 2012
Aroostook County, Maine

Desert Mountain Land Holdings LLC, an affiliate of Celebration Florida based CBD Real Estate Investment, announced the acquisition of over 1000 acres in Aroostook County, Maine.
Desert Mountain Land, along with Nevada based Land Ho Inc., New Jersey based Aristotle LLC, and Scottsdale Arizona based Waronker Family Land Holdings, acquired title to 47 separate properties from County resident Gary Dernlan. Although no purchase price was announced, according to county records the assessed value of the real estate acquired was over $1.45 million. Amongst the assets acquired by Desert Mountain Land are vacant land and lots ranging in size from 7 acres to 224 acres, including homes, farm properties, and commercial building from multiple county towns including Limestone, Presque Isle, Madawaska, Washburn, Plantation, and Caribou. Part of the sale included the former House of Pizza Restaurant located on Maine Street in Madawaska as well as a large industrial building located at 103 Water Street in Caribou.

Desert Mountain Land and its partners acquired the County properties for both immediate and future resale. According to Desert Mountain Land President David Waronker, the company intends to acquire more county properties throughout the remainder of the year and into 2013.
David Waronker
CBD REAL ESTATE INVESTMENT LLC
President

November 30, 2009
Scottsdale Arizona

CBD Real Estate Investment LLC has purchased and closed on 1280 acres of land in Humboldt County, Nevada. The seller was the Nevada Land and Resource Company, and the buyer was CBD affiliate CBD of Northern Nevada LLC

The land is located just north of Jungo Road, approximately 32 miles west of Winnemucca, the County seat of Humboldt County. Here, CBD is developing both properties into two equestrian themed ranch sites.

Clydesdale Ranch will be 15 ranches ranging in size from 40 acres to 65 acres, while Palomino Ranch will have 15 0r 16 ranch parcels ranging in size from 40-81 acres. Both ranches will be ready for marketing by March, 2011

CBD and its affiliates have bought and sold over 11,000 acres of desert ranch land in Elko, Humboldt, Churchill, Lander and Eureka Counties. CBD expects to grow in Northern Nevada during the next three to four years.

Published Thursday, August 18, 2005
By Mike Grogan
The Reporter

CHAMPIONSGATE — Land as close to next door and as far away as Alaska was auctioned off parcel by parcel at a first of its kind land sale held Saturday at the Omni Resort Hotel.

“This is our first multistate land auction,” said Taylor Hall, assistant vice president of USALandsale,com, the Orlandobased company that put on the auction, which drew hundreds of potential buyers.

Hall said the company, which was founded in 1999 by David Waronker, a Celebration resident and owner of the Florida Seals professional ice hockey team, has been accumulating land all over the United States over the past six years. Until Saturday’s event, most of its sales have been over the Internet, which accounts for the name of the company.

Waronker had said in a press release prior to the auction that he had started the company for the sole purpose to make real estate ownership and investment simple, affordable and more than just a dream for everybody. In all, 206 pieces of land in 19 states were on the auction block and available for bidding.

“They are all undeveloped properties,” Hall explained. “Some are as small as a quarter of an acre, and they range up to several hundreds of acres.”

Some 70 of the properties for sale were in Florida, one of the hottest land markets in the country.

Thomas Guss, who owns a real estate firm in New York City and is an active investor in property, made a special trip to Florida to attend the auction.

“Well,” he said smiling, “I came for this and a bit of lounging around the pool.”

Guss said the auction gave him a first-hand opportunity to get an idea of land prices in Florida.

“The market is real hot here,” he said. “And I don’t think prices are going to go down any time soon.”

He added he was looking for bargains, land he could buy at auction for less than he could through other sources. But bidding on property without getting a chance to see it does have its dangers.

“Oh yes,” he said. “You can end up with a parcel of land with no access to it at all. You don’t really have time to do the research. But even if you buy something that only increases in value 8 to 10 percent, that is still a liquid investment.”

Hall said pamphlets with a complete listing of the properties up for auction were sent out to perspective buyers weeks before the event was held. That was done to give interested investors a chance to research the land they were interested in.”

Ron Profetta, who is in the business of buying and selling land, came from upstate New York looking specifically for land values in Florida.

“This is the first auction like this I’ve ever been too,” he said. “They’ve got a lot of property up for sale and I’m looking for some possible bargains.”

But not everybody attending the auction was looking to make a killing in the real estate market. Armando Rodrigues, a truck driver from Kissimmee, was looking for a piece of property he can build a home on.

“I heard about (the auction) on the radio,” he said. “I’m hoping to find someplace here close that isn’t too expensive so I can build a house.”

While Florida properties were hot items, so too were parcels in New Mexico, Arizona, Alaska and Texas.

“The nice thing about an auction is you have an opportunity to get great deals,” Hall said. “You can bid what you can afford and, if the bidding goes higher, you can wait and bid on something else.”