Just Ring Associates and its principles are in ongoing business with CBD and its founder David Waronker almost from inception. We find David Waronker to be entrepreneurial, hardworking, straightforward and energetic. He is a great and caring family man. His involvement in community activities are exemplary. We think of him as a great leader.

Jack Gora, Just Ring Associates

We formed our investment group in 2000 specifically to take advantage of real estate investment opportunities in the Southern New Jersey marketplace. Not only was our initial foray as a group with David Waronker, but so was our second investment. During our three year relationship, David’s communication with us has been thorough and forthright. He has always made himself readily available and has been quick to respond to any inquiry we may have. As a result we believe that we have forged a life long commitment to participate with David and his vision. In that vein we have expanded our initial investment plan to include ventures with David in Florida and nationally via USALANDSALE.COM. We couldn’t be more pleased with not only the financial rewards of our relationship, but also with the personal bonds that we have built with no finer gentleman and upstanding community stalwart than David Waronker.

John J. De Santis, Member BJD Enterprises, LLC

“David Waronker’s commitment to free market principles, through the vigorous protection of our precious constitutional liberties, was the reason we first sought him out to serve on Defenders’ Board of Directors. He has repeatedly shown himself as loyal friend and lover of liberty. We are proud to be associated with him.”

Nancie Marzulla, President of Defenders of Property Rights

“CBD Real Estate Investment, LLC. maintains a high standard of professionalism and expertise in all aspects of residential real estate development. David Waronker and his team know how to achieve results and persist until the job is completed. In my 28 years of representing land-use clients, CBD is one of the more professional ones.”

Nelson C. Johnson, Esquire

“We have represented CBD Real Estate Investment, LLC. and David Waronker in any number of matters over the past decade, ranging from the most complex real estate acquisition and development matters, land use planning and zoning, to the more routine document preparation and transactional work. I have known David Waronker on a personal level and during the course of representing CBD Real Estate Investment, LLC. and its affiliated entities, as well as David’s family. I find David to be highly competent, seasoned real estate developer adn entrepreneur, as well as a fine person and family man fully engaged in his community and charitable endeavors. When David gets involved his is a 220% effort and commitment. As far as CBD Real Estate Investment, LLC. is concerned, David’s leadership and drive and the company’s record speaks for itself. Hard work, great instincts, experience and integrity equal success.”

Thomas J. DiPilla, Jr., Esquire

“We have been very pleased with the level of professionalism shown to us by CBD. CBD’s style, and the leadership shown by David Waronker, seems to be among the best in the industry. This has given us great confidence in our business relationship.”  – Roman Kriegstein

Roman Kriegstein

“Towson-Rogers Engineering, Inc. has been a civil engineering consultant for CBD Real Estate Investment, LLC. for almost three years. During that time, we have worked on seven projects for CBD and found them to be outstanding clients, bringing us interesting and challenging projects. However, what is more important is that we have built a rapport based upon mutual trust. In short, CBD conducts business with utmost integrity and does what they say will do.”

Edwin Rogers, PE, Vice President, Towson-Rogers Engineers, Inc.

“It is very rare in business that we have an opportunity to conduct a business relationship for financing with an organization as professional as yours.

Over the years, CBD under your leadership has continually shown a tremendous ethical and superior responsibility in regards to multiple levels of banking and mortgage financing.

I am proud to be a part of the CBD Real Estate Investment team and look forward to continuing our financial relationship in your future projects and endeavors.”

Jerry Silvi, Managing Partner, RAM Mortgage Company, Inc.

“I have known Mr. David Waronker, president of CBD Real Estate Investment, LLC., for fifteen years on a business and personal level. At all times, David has conducted himself in a proficient and professional manner. It has been a pleasure doing business with CBD Real Estate Investment, LLC. and I shall continue to do so in the future because I always receive satisfaction.”

Peter J. DiNardo, Skyl Builders, Inc.

“I have known David Waronker since his childhood. I was one of his first investors. In my twenty year relationship as an investor, I have made money and lost money. That’s Business! I have never been associated with a company that shows a greater concern for the protection of the investor’s principle. They are the best.”

Dr. Bernard Rothman

I met Mr. Waronker approximately 6 years ago in Zephyrhills, Florida . He rightfully took an aggressive approach to purchasing properties in Pasco County. He was the forerunner of what has turned out to be a very vibrant market at the present time. He has purchased many parcels from me in that time frame, of which have since been marketed to various developers. Having been in this market place for over 30 years, I was unsure that Mr. Waronker’s approach would be rewarding, but he obviously was right on the mark!

William F. Nye, CRS, CIM Century 21 Bill Nye Realty, Inc.

I have worked with David Waronker and CBD Investments for over 15 years in multiple development deals as equity partner and as a debt lender. I continue to invest in CBD deals as I find David finds smart projects, produces superior returns and is a true professional in his space.

Steve Rabbitt
Nemo Credit Corp.

Steve Rabbitt

While serving as the Planning manager for the City of Haines City, FL I worked with David extensively on the review and approval of three significant multi-family projects totaling over 2000 units.   I found David to be very professional and positive to work with.  I wish that all developers has been as great to work with as David was!


Mark Bennett

Mark Bennett

It has been a pleasure working with David Waronker and CBD Real Estate Investment on several multi-family real estate transactions in the Pasco County, Florida area.  David Waronker has followed up on the land acquisition process from the negotiation stage to closing with the Sellers, working with engineers and when necessary being accessible for meetings with government agencies for annexations, rezonings and site plan reviews.

Michael Prilliman, Realtor

Berkshire Hathaway HomeServices, Florida Properties Group

Michael Prilliman

I have known Mr. Waronker going on 15 years dealing in Pasco County, specifically the surrounding Zephyrhills area.  I have been involved in multiple properties of which Mr. Waronker and his group have performed on successfully.  He had the foresight to be one of the first to “jump” on this market when others did not foresee the potential of our growth.  I could verify, when he has analyzed a potential growth opportunity, it has proved to be a great move!


Bill Nye, CCIM, CRS

Nye Commercial Advisors

2800 Windguard Circle

Suite 101

Wesley Chapel, FL 33544

813-973-0214 Office

813-997-9971 Cell


Bill Nye

I  have known and invested with David for 9 years. He has been a good partner as a real estate investor.  He is knowledgeable, well experienced and enjoys a good reputation among his colleagues and investors. Even, during the worst of times,   David was able to work our collective way through the market seeking various opportunities and overcoming challenges.  Moreover, he has a wonderful family and together they offer comfort to horses with Second Chance Ranch, Inc. to live out their lives. It’s this kind of compassion for life and to know he has done the right thing that defines David amongst those who know him and is expressed in his business dealings.  Good for David and family.


Wayne J Hilmer

Touchrate/ Chairman

Wayne Hilmer

David and his team have been a pleasure to work with. He is highly responsive and engages in the process to find the best solution.

Principal | Compspring




Lisa Dilts

My firm provides the accounting and tax services for CBD Real Estate Investment, LLC., and its many development projects. David and his excellent support staff have always demonstrated the highest caliber of integrity and professionalism towards investors and their respective projects. It is a pleasure to work with David and his organization, and I look forward to his continued success.

Richard Zaiss, CPA

Last year, we facilitated a deal for CDB Real Estate to zone, entitle, and ultimately purchase 12 acres of multi-family property the Diocese owned in Zephyrhills, Florida. I have made my living in the real estate and land development in industry in Central Florida for thirty one years, and I have never had a deal that went smoother, or was a more enjoyable ride than our transaction with David and CBD Real Estate Investors. I hope for the opportunity to do more in the future. David is most scrupulous about ethical issues and he showed himself throughout the process to be the true gentleman that he is.

Bob Hutchinson,
Real Estate Manager, The Diocese of St. Petersburg
(727) 344-1611, ext. 5401


Bob Hutchinson

David and his entire team have a “can-do” attitude about their business, from start to stop.  Their knowledge, expertise, and long-term vision for their customers, their partners, and their business is simply refreshing.  


Eric T. Ammon

Associate Broker

Coldwell Banker Commercial / Saunders / Ralston / Dantzler Realty

114 N. Tennessee Ave., Third Floor

Lakeland, Florida 33801

Eric T. Ammon

On behalf of the City of Zephyrhills, our City Council and the citizens of the City of Zephyrhills, I would like to take this opportunity to express our very positive working relationship with Mr. David Waronker (CBD Real Estate Investment, LLC) and his “Team”.  Mr. Waronker has worked on successful developments in our community for over a decade and has proven to be not only successful in the business sense but also a significant contributor to the overall quality of life for our community.  In many instances he has “stepped up to the plate” and contributed in ways that you just don’t see from the typical developer.  It has been and continues to be a pleasure in working with Mr. Waronker and his company.


Todd H. Vande Berg

Director of Planning

Planning Department

City of Zephyrhills

5335 8th Street

Zephyrhills, FL 33542

Phone: 813.780.0006

Fax:       813.780.0005




“It’s not the Plan that’s important…. it’s the Planning”

Todd H. Vande Berg –

I first met David on the listing side of a bank REO in 2012. He performed, and got a good deal. We are now working for him on 3 listings. He has provided us with everything we need to take the sites to market. A real land pro.

Bruce Erhardt

Executive Director

Land Brokerage – Americas


Bruce Erhardt

I have been working with David Waronker for nearly two years as a consultant.  I have found him to be insightful, decisive and fair.   Whenever, I have needed anything from him to complete an assignment, it has been provided to me without delay.  David has traveled to New Jersey to attend meetings and contributed to the ongoing negotiations regarding the rezoning of the site that is the subject of our work together.  I have enjoyed working with Mr. Waronker and look forward to future work together.

– Art Bernard

Art Bernard and Associates, L.L.C.

77 North Union Street

Lambertville, N.J. 08530

Business phone: (609)397-8070

Cell phone: (609)865-7696

Art Bernard, Art Bernard and Associates

“I have known Dave for almost 40 years since our days as lifeguards in New Jersey.   Throughout that time, Dave has always been a great friend.   I have done business with Dave many times and he has always been a man of utmost integrity.   His success is no surprise to me; he has always worked smart and hard.   I trust him like a brother. “ – Eric Margules, President at Margules Properties

Eric Margules, President at Margules Properties

“CBD Real Estate Investment and David Waronker are a pleasure to work with. David is responsive, shoots you straight and does what he says. He has a wealth of knowledge on land, knows how to get deals done and performs on contracts. ” – Clay Taylor, Land Consultant at Saunders Real Estate

Clay Taylor, Land Consultant at Saunders Real Estate

“David Waronker is a service-first real estate developer.  He is extremely knowledgeable and provides clarity and peace of mind to his clients.  I highly recommend Mr. Waronker for your real estate development needs.” – Antonio Martin, Attorney at Martin Law Group

Antonio Martin, Attorney at Martin Law Group

“It has been my pleasure working with CBD Real Estate Investment LLC and Mr. David Waronker over the past year. His understanding and knowledge of the development process in Central Florida is extremely impressive.  The high degree of professionalism shown by Mr. Waronker and his company is beyond reproach. David is involved in every aspect of the development process and is committed to a high quality end product.  It is obvious that he takes tremendous pride in his work and his company. Everyone at Stillwater Environmental, Inc. has thoroughly enjoyed providing our services to him and his company. We hope to continue this relationship on many projects in the future.” – Timothy Talbot, President and Owner of Stillwater Environmental, Inc

Timothy Talbot, President and Owner of Stillwater Environmental

“I have known David Waronker for the last 10 years and it was always a pleasure working for him. David is very knowledgeable and straightforward in all aspects of buying and selling land. Great business attitude and I would recommend him to anyone who is interested in doing business with him.” – Rudi Gevorgyan, LandCentury.com 

Rudi Gevorgyan, LandCentury.com

“We here at the City of Zephyrhills enjoy a fine working relationship with David Waronker and CBD Real Estate Investment.   We have completed projects with him as well as projects currently underway.  David and his company work well with our Team here at City Hall and our City Planning Director Todd Vande Berg and his staff.  David is a Good man who’s company make fine partners with all who they work with. Thanks you for the opportunity to express our thoughts about out friend, David Waronker and CBD Real Estate Investment.” – Gene Whitfield, Mayor of the City of Zephyrhills

Gene Whitfield, Mayor of the City of Zephyrhills

Wrathell Hunt & Associates, LLC has had the privilege of working with David Waronker on his first Community Development District financing. David has been a pleasure to work with through the entire process. He has been forthright and honest in his dealings with us, he has been very responsive in a timely manner, and he is a credit that we would enjoy working with again and again in the future. 

August 17, 2021

Pfilip Hunt, Partner at Wrathell Hunt and Associates

I just recently have met spoken to David. He seems like a very sharp, sophisticated land developer and we are desirous of developing a relationship with David and CBD Real Estate to build our luxury Single Family for Rent communities.

The fact he is returns calls, knows the market and has a pipeline that is remarkable in this economy. We look forward to working with CBD Real Estate!

August 13, 2021

Jim Hendrix, Director of Land Acquisition, Coastal Ridge

I have known and concluded business transactions with David for the last decade. He is an astute businessman with whom I have never had any concerns relying on information that he provided because it always pans out as complete and accurate. 

He has a knack for identifying real estate at appropriate pricing. It was a pleasure working with him. He always displays a positive, win-win attitude which works well for both of us. 

I have frequently called David to get his viewpoint on issues I’m facing in my business or personal life. His advice and counsel have helped me a great deal through numerous situations.

On a personal level, I consider him to be a good friend, who willingly shares his knowledge. I’m looking forward to many more years working with David.

CBD Real Estate Investment LLC is truly a leader in Real Estate transactions in the Eastern part of the country.

August 13, 2021

Richard Makoujy, President of Mango Capital, Inc.

We had the pleasure of being hired as brokers for David Waronker of CBD Real Estate. We worked through a number of issues on closings that totaled over $8,000,000 and ran all the way from a closing that was scheduled right when COVID 19 started through extensions and delays in permitting as well. All ended well and David did a marvelous job of working through numerous issues and we all had great closings.

August 13, 2021

Bill Eschenbaugh, Eschenbaugh Land Company

I would highly recommend to any Land Owner or Builder the services of CBD Real Estate Investments. Having known and worked with David Waronker for over a decade he has the uncanny ability to always be in the path of growth and he picks locations that are superior than other developers. Developing , planning  and permitting housing projects in Florida takes talent and CBD always uses the best vendors in the business and pricing is fair to ensure a win-win transaction.

August 13, 2021

Jim McCarthy, Director of Land Acquisition, M/I Homes

My dealings with David have been very professional. As a land broker, I also like that he reacts quickly to questions, issues and offers.

August 13, 2021

Bruce Erhardt, Executive Managing Director, Cushman & Wakefield

I have known David and most of his family for almost 20 years now.  I own a home services company and work with the Waronker family on a weekly basis.  He is a very honorable businessman and devoted family man.

We have had our disagreements, sometimes butting heads, but he has always been the bigger man to forgive and forget and to move on with a positive relationship.  I am sure our working relationship will continue, as long as we both are in business!

August 13, 2021

Raffaello Sessoms, Ship Shape Celebration

I have known and worked with David Waronker over the past 20 years. I know he has been in business for far longer than that, and his experience shows in his success. Even more important that is success is his integrity. You can trust Dave. That says it all.

August 16, 2021

Cliff Boyle, Owner, Landmark Senior Living

I first got to know David back in 2015 when I was looking to purchase some land in the northern part of the country as I was getting tired of the heat in Texas. I found a company called Desert Mountain Land online and inquired about a piece of property in Maine they had listed. I received a call from David and things took off from there. Having spent the better part of 20 years in the mortgage business, I was familiar with different types of ways to purchase property. Though many believe buying land (sight unseen) is crazy, David knew what he was doing and I was very comfortable in dealing with him. I was very impressed with the Purchase Agreement that he wanted to use and so I made an offer. We entered into an agreement and he allowed me to finance the balance over 10 year period. I would say his knowledge of real estate is a plus and his employment is an asset to any company.

August 18, 2021

Tony Webb, Owner at Webb Land & Timber Services

I have worked with David Waronker for many years now.  I provide forest management plans for properties his company owns in northern Maine.  I have never had any issue with David with regards to obtaining information pertinent the project I may be working on and payments for services are always prompt.  He is also very prompt with replying to emails.  My experience working with David is extremely positive and I hope to continue to do more projects for him in the upcoming years.

August 20, 2021

Joe Bither, Aroostook Forest Services

I have known David both personally and professional for over 30 years and over that time I have invested in multiple land development opportunities. Every time David navigated through complex situations and delivered on the vision and commitment he made at the start of each project. David is a model for how we all should conduct ourselves and our business.

August 20, 2021

Chris Calderbank, Investor

My company, Elizabeth Rodriguez & Associates, Inc., acts as traffic consultant to CBD on land development projects.

In my dealings with CBD, I have found the entire team to be friendly, knowledgeable, and professional. The team is able to coordinate multiple projects that are at different stages of development in an efficient and effective manner. Candidly, one reason that CBD is a pleasure to work with is that they pay my invoices electronically the same day that I issue them. Many other developers have to wait until various LLC accounts are funded by their lenders, which delays payment of my invoices. This leads me to believe that CBD is a very financially healthy and robust operation.

Another interesting thing about CBD is that – based upon my 33 years of experience in urban/transportation planning in and around Tampa Bay – I believe that their site selection is very good. They are locating developments in the “hottest” spots in the region, and getting there slightly ahead of the competition.

August 20, 2021

Elizabeth Rodriguez, Elizabeth Rodriguez & Associates, Inc.

Mr. Waronker has been an absolute pleasure to work with on the several projects we have worked on so far. He has been very fair and is very responsive to things that are needed as we proceed through the process on these projects. We honestly wish more of our clients were the caliber as David is. We hope to continue a long relationship working with CBD and Mr. Waronker.

August 16, 2021

Dave Schmitt, President at Dave Schmidtt Engineering, Inc.

It is with great pleasure that I highly recommend Mr. David Waronker with CBD Development. The City of Zephyrhills has had a ver positive working / professional relationship with David in the capacity of land development projects for over a decade. There have been multiple development projects in Zephyrhills where David as the developer have come to fruition as quality projects.

David is very knowledge in the area of development and has experience in many areas of the country. He is also very professional in his dealings with the City and always very prompt to reply and bring forth solutions when issues arise. 

David has also gotten involved with the City of Zephyrhills with not for profits. His financial generosity has opened the door for many exciting projects that have made a difference in Zephyrhills. 

August 13, 2021

Todd H. Vande Berg, Director of Planning, City of Zephyrhills

I have known David since 1989 both personally and in business after he helped me purchase a small subdivision in South New Jersey. David also introduced me to his father, who became my family doctor. Since then, our relationship has grown from a business transaction to a good friendship between us and our families. Our family invested with Dave’s CBD development company in various land deals in Florida as passive investors. Dave had a knack to find land that can be reasonably purchased, put the deal together, follow through subdivision process, pass the final stage of approvals and complete the final sale of the subdivided land to a builder. The deals have always made money for the investors. I can fondly say, Dave is a MENSCH. (mensch: yiddish, someone of noble character who is worthy of admiration).

August 22, 2021

Sam Girlya, Construction Consultant at SG and Company

The City of Eagle Lake has enjoyed our working relationship with David Waronker and his company CBD Real Estate Development on several projects including the City’s largest development in our history.  David’s ability to work closely with the city to develop a project that we are all proud of is a testament to his character and his professionalism.  We would highly recommend Mr. Waronker and hope we get an opportunity to work with him again.

August 25, 2021

Thomas Ernharth, City Manager, City of Eagle Lake

I have known David Waronker with CBD Real Estate for over 15 years now. Great personality. I have purchased several properties over the years. David always was honest and straightforward about any properties or deals. He has the quality of a great seller and gives his one hundred percent when it comes to business. Excellent experience and I highly recommend them.

August 25, 2021

Rudy Gevorgyan, Land Century

I have had the pleasure of working with CBD Real Estate Investment and David Waronker for several years and through many transactions.  My experience is that CBD does what they say they will do, and are consummate professionals in the real estate business.  When flexibility is required to make a deal work, they are very reasonable to accommodate to get across the finish line.  I highly recommend them to others considering either selling to, or buying from, CBD in a real estate transaction.  

September 2, 2021

Leonard Johnson, Shareholder

A couple years ago, I had the privilege of working with David Waronker on a property in Zephyrhills, Florida. Throughout the entire process, David was always professional, responsive and very helpful. We stayed in touch and I now consider him a good friend, not to mention a great real estate consultant. We continue to discuss new projects and I look forward to the opportunity of working with David again.

September 1, 2021

Robert Sebesta – Regional Vice President, New Growth Living

I have been part of several transactions with David and without exception he has done everything he said he would do and every closing has come off without a hitch.

September 1, 2021

George Lindsey – Broker, Highland Homes

CDC Financial Corp. provided a $2.5 million land  loan for David Waronker’ s company Bonnies Landing LLC in 2018.  Despite loan modifications which became necessary due to the 2020 Pandemic, the loan was successfully paid off in mid 2020. David was always responsible with his obligation and communicated very well with our office.  We hope to be able to do more business with David and CBD Real Estate in the future.  

September 1, 2021

Chris D. Cory – President, CDC Financial Corp.

During the past 2 years, JMHC has had the opportunity to support CBD Real Estate Investments LLC on pre-construction activities for various development sites in the greater Central Florida area. We have provided CBD with civil construction estimating costs for large scale master-planned communities. Some of those communities include Bonnies Landing (Haines City), Liberty Bluff (Haines City), and the Ranches at Lake McLeod (Polk County). 

CBD President David Waronker is a well-respected land development professional. David is aggressive, thorough and obtains results without compromising quality or integrity. 

JMHC values our relationship with CBD Real Estate Investment LLC. We look forward to continuing our support of CBD in their quest to build substantial real estate ventures in Central Florida. Please feel free to contact me if you have any comments or would like any additional information. 

August 30, 2021

Michael Blomely – Chief Estimator, JHMC

I have known David for several years. I’ve worked with David in two jurisdictions, and have found David to be a great person. He is respectful, courteous and conducts himself in a professional manner. He is willing to consider options and suggestions that further the public interest while still accomplishing successful project completion for his investors and builders.

I will always remember when David was a plaintiff in a landmark law case within the urban planning profession. Known as Mount Laurel II, it further established the requirement that local governments have an obligation to provide for affordable housing. The fact that David advocated to provide fair housing for all speaks to the strength of his character.

Mark J. Bennett – Development Services Director, City of Lake Wales