Our Story


HomeFed Corporation is a real estate development company that specializes in creating vibrant, mixed-use master-planned communities that combine innovative placemaking techniques and environmental stewardship.

Incorporated in 1988 and headquartered in Carlsbad, California, HomeFed is known for undertaking large, complex, environmentally challenging projects that require long-term investments. The company attributes its success to financial prudence, creative land planning, and a collaborative team approach with stakeholders and development partners.

The company owns a portfolio of successful projects in California and along the East Coast from Maine to Florida. These real estate assets are managed by an experienced group of executives who have backgrounds in architecture, community planning, project entitlement, engineering, construction management, accounting, finance and marketing. Supporting HomeFed’s management team are a significant number of important relationships with real estate attorneys, land planners, engineering firms, and various development professionals. Many of these business relationships have endured for decades.

Among the planning groups HomeFed has relied on are the two most important pioneers and leaders associated with the principles of Traditional Neighborhood Development (TND) and New Urbanism: Peter Calthorpe of Calthorpe Associates, and Andres Duany and Elizabeth Plater-Zyberk of DPZ Partners. HomeFed’s communities exhibit the philosophical design concepts of these innovators: vibrant mixed use land plans with walkable human-scale environments, great places to gather, highly amenitized parks, extensive walking and hiking trails, and open space.

As a result of this attention to detail, HomeFed has been rewarded with the most prestigious community design awards in the building industry, including a Gold Nugget Grand Award for the San Elijo Hills Towncenter and the “Master-Planned Community of the Year” award from the National Association of Home Builders.

In addition to its community development projects, HomeFed owns several undeveloped properties in various stages of planning and entitlement, as well as income producing real estate assets.

HomeFed Corporation is a public company traded on the OTC Market with the symbol “HOFD”. Leucadia National Corporation currently owns approximately 65% of its outstanding stock. Paul Borden, who started Leucadia’s award-winning Rosemary Beach oceanfront resort development in Walton County, Florida and The Harbor Club, a high-rise residential tower in San Diego, California, was selected to lead the company as president in 1998, a position he holds today.


Mission and Philosophy


The mission of HomeFed Corporation is to develop engaging and successful places to live, work and gather; to reach the highest industry standards in community design and conservation; and to enrich our communities by taking an active role in spirit-building programs and events.

To support our mission, the following tenets – put forward by the New Urbanism movement – are observed:

  • Minimizing the use of natural resources, including land, energy and water.
  • Creating communities that encourage interaction by activating the public realm.
  • Creating communities that honor and include all segments of society: singles, families, multi-generational families, empty nesters and retirees.
  • Embracing our responsibility for environmental stewardship and providing opportunities for residents to interact with the natural environment.
  • Creating master-planned communities that meet the day-to-day social, educational, recreational and commercial needs of all segments of society.
  • Maintaining high quality standards for architecture, infrastructure and community design.
  • Creating a financial structure that leaves the community in good financial health when the community is completed.
  • Contributing to the life of the communities where we build.

.

HomeFed has been able to meet these societal goals by adhering to strict business principles:

  • Use our considerable capital resources to purchase undervalued land assets during optimal times in the real estate cycle.
  • Identify and acquire land that is worthy of development and surrounded by employment centers, recreation, education, and cultural amenities.
  • Adhere to “best practices” in community design by researching cutting-edge communities and engaging the top land planners, engineers, architects, lawyers, and environmental consultants in the world.
  • Maintain high standards and expect our consultants and partners to maintain the same high standards.
  • Design and develop masterplans in a way that creates good returns over the long run.
  • Listen and learn from our buyers and the market.
  • Maintain a prudent business philosophy with regard to administration and overhead costs.
  • Conduct business transparently, in keeping with our responsibility as a publicly traded corporation. HomeFed has a level of transparency that is rare in the community development industry and valued by municipal governments, partners and homebuyers.

Executive Leadership


Paul J. Borden

Paul J. Borden

President

More

Chris Foulger, Vice President

Chris Foulger

Vice President

More

Kent Aden, Vice President

Kent Aden

Vice President

More

Erin N. Ruhe, Vice President

Erin N. Ruhe

Vice President

More


Contact Us


HomeFed Corporation
1903 Wright Place, Ste. 220
Carlsbad, CA 92008

760⋅918⋅8200

diamond   Corporate Headquarters
    HomeFed Properties