June 18, 2012
Haines City, Florida

CBD Real Estate Investment LLC, a Central Florida  based real estate investment and development company, announced that it concluded the acquisition of Bonnies Landing a 78 acre residential development site located in Haines City Florida.

Under the CBD affiliate CBD at Bonnies Landing LLC, CBD and its investors acquired the bank owned property located on 30th Street, between Roe Road and Robinson Road, just across from Haines City High School.  The property is approved and partially improved for 247 single family detached home sites.  The land adjoins other acreage owned by CBD, specifically its 212 development site known as Liberty Bluff.  Together with Liberty Bluff, CBD plans on commencing construction of a combined 448 single family entry level homes by the third quarter of 2013.

Bonnies Landing was previously owned by Michigan based Tollefson Development. According to Polk County records, Tolleffson paid $1.919 million for the land in February 2006, but, due to the recession lost the land in 2010 to its lender Bay Street Holdings LLC of Chicago.

CBD Real Estate continues to expand rapidly during the down economy, this being its seventh large purchase in Florida during 2012.  CBD owns land in 42 states and has offices in New Jersey, Arizona as well as Celebration, Florida.

David Waronker
CBD REAL ESTATE INVESTMENT LLC
President

Port Charlotte, Florida
June 17, 2012

CBD Real Estate Investment LLC of Celebration Florida today announced its acquisition of 44 single family building lots in North Port and Port Charlotte, Florida.

Although no purchase price was disclosed due to a mutual confidentially agreement with the seller, Naples based Royal Palm Bank, according to County records the total value of the land acquired was $742,000.  According to David Waronker, CBD President, the company has no immediate plans for the land.  According to Waronker, CBD continues to seek more lots and land in North Port and Port Charlotte, looking to acquire at least 500 lots before it starts to market its Charlotte County land inventory.

CBD and its partners own building lots and land throughout the continental USA, with its most significant holdings in Nevada, Texas, Arkansas, New Mexico, Texas and Florida.  CBD has offices in Mount Laurel NJ and Scottsdale Arizona.

David Waronker
CBD REAL ESTATE INVESTMENT LLC
President

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

Published August 4, 2008

FOR IMMEDIATE RELEASE

Celebration, FL — CBD Real Estate Investment LLC, the Celebration based real estate development, investment and consulting company, announced the sale of 130 acre of development land in Haines City to Jahna Industries. The $4.88 million dollar cash sale closed during the first quarter of 2008. The sales price equated to $37,500 per acre.

“Working with Jahna Industries was an absolute pleasure. They are one of the most honorable and trustworthy companies I have ever done business with, and if it were not for the lawyers, we could have closed that deal on a handshake”, said David Waronker, President of CBD. “Ron Johnson and Corby Myers approached me about their interest in the land, and in a matter of one hour we made a deal and closed shortly thereafter. These are good people and they represent one fine company”, continued Waronker

Jahna Industries, based in Lake Wales, plans to expand their current mining operations located on Route 544 near Robinson Road in Haines City. Currently, the company is working with the City, County and State to perfect the comprehensive management plan to allow for the expansion of their mining operations. They hope to expand their current mining operations onto their latest acquisition by the first quarter of 2009.

CBD is the owner of nine other Haines City properties encompassing another 530 acres between Hinson Road, Robinson Road, and Route 544. Currently, they have approvals for Phases I and III of the future “Liberty Bluff” housing development. Phase I, located between Roe Road off of Robinson Road, is 70 acres and approved for 210 single family lots. Phase III located on 50 acres and adjoins Phase I to the south of Robinson Road. It is approved for 160 single family homes. The final Phase IV is zoned for residential development, but is not yet entitled by Haines City. CBD is working with the County and City to design the expansion of Powerline Road and a sewerage pumping station on the land. Phase IV is located between Hinson Road and Roe Road.

“We are still working to complete our water and sewer permitting with water management and the State DEP. Once complete, we will be ready to start construction”, says Waronker.

Thanks to the financial strength of CBD and its equity partners, the project although delayed by slow approvals and a slowing economy, will be a fabulous future development of quality, affordable single family homes in a neo-traditional style housing development.

Liberty Bluff is designed by the national engineering giant Kimley Horn. Lots will range in size from 55-90 foot frontages designed in traditional neighborhood flair. Construction is expected to commence in the winter of 2008-2009. The project has taken almost four years to obtain approvals. The project was part of a comp plan amendment, and suffered through a water moratorium. With the comp plan in place, and the expansion of the potable water capacity complete, the development will soon be ready to go. “We are working with the various governing bodies to complete the few remaining entitlements and then finally we should be ready to go. This has been a long project but we feel the end product will be worth the wait” said the proud developer.

David Waronker
CBD Real Estate Investment LLC
Celebration, FL 34747
321-939-1111