Kadestone

What Kadestone does

Kadestone Capital Corp. is a publicly traded (TSX-V: KDSX) vertically integrated real estate investment and development company headquartered in Vancouver, British Columbia. Founded in 2019 and taken public via IPO in September 2020, the company operates across five synergistic business lines: Development and Construction, Construction Financing, Building Materials Supply, Asset Ownership, and Property Management. Its stated go-to-market emphasizes strategic partnerships with established developers and First Nations communities across major Canadian urban centres and high-growth emerging markets, with a particular concentration in Greater Vancouver.

The company makes money through a mix of project-based development sales or holds, rental income from owned income-producing properties, construction financing interest and fees, building materials procurement margins, and recurring property management fees. Its operating model is designed to capture value across the full real estate value chain, controlling costs through building materials procurement while generating cash flow from owned and managed assets. Customers and partners include First Nations communities pursuing master-planned and mixed-use developments, Canadian urban property investors and developers, and strategic co-development partners.

Kadestone is in an early-stage build-out phase. As of December 2024 it reported total assets of $17.4 million and a 1-10 employee headcount, with FY2025 net loss of $6.19 million and Q1 2026 net loss of $1.45 million. Recent strategic activity has centered on a C$12 million share-based acquisition of an Attollo Management Inc. subsidiary (announced September 2025), a CEO transition to Kevin Hoffman in February 2026, and multiple insider-led convertible note tranches through mid-2026 totaling approximately $5.28 million. The combined leadership track record claims 7,000+ homes delivered, 60,000 homes enabled through First Nations partnerships, and over 60 million square feet rezoned.

Name

Kadestone

Legal name

Kadestone Capital Corp.

Website

https://kadestone.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Kadestone Capital Corp. is a publicly traded Vancouver-based real estate investment and development company operating across five vertically integrated business lines—development, construction financing, building materials supply, asset ownership, and property management—primarily serving Canadian urban markets and First Nations communities.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate and Rental and Leasing (53), Lessors of Other Real Estate Property (53119), Nonresidential Property Managers (531312)

SIC

Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industry

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)

Keywords

• Real estate development
• Property investment
• Construction services
• Building materials supply
• Property management

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Building Materials Procurement and Supply: Procurement and sale of building materials to support construction activities and generate revenue through cost savings and supply chain integration.
2. Property Development and Construction: Development and construction of residential and commercial income producing properties for sale or holding.
3. Construction Finance: Providing financing solutions for construction projects, generating interest income and fees.
4. Asset Ownership: Ownership of residential and commercial income producing properties generating rental income and capital appreciation.
5. Property Management: Management services for owned and third-party properties generating management fees.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Kadestone Capital Corp. is a vertically integrated real estate investment and development company that pursues investments in the development, acquisition, and management of residential and commercial income-producing properties in Canadian urban centres. The company operates across five synergistic business lines: building materials procurement and supply, property development and construction, construction finance, asset ownership, and property management. Revenue is generated through construction project development, sale of building materials, financing income, rental income from owned assets, and property management fees.

Product overview

Kadestone is a vertically integrated real estate investment and development company operating across five synergistic business lines: Development and Construction, Construction Financing, Building Materials Supply, Asset Ownership, and Property Management. This integrated structure enables the company to control costs through building materials procurement savings while generating stable cash flow from income-producing properties. The company focuses on residential and commercial properties within major urban centres and high-growth emerging markets in Canada, particularly British Columbia.

Differentiator

Problem solved

Functional benefit

Products and services

• Development and Construction
• Construction Financing
• Building Materials Supply
• Asset Ownership
• Property Management

Quantifiable outcome

• Combined track record of 7,000+ homes delivered and 60,000 homes enabled through development
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Attollo Management Inc.coreStrategic or Co-development Partner · 2 September 2025Kadestone entered into a purchase agreement to acquire a subsidiary of Attollo Management Inc. that will own certain rights and interests in select real estate development projects in the Greater Vancouver area. Total consideration of C$12 million satisfied by issuance of 12,000,000 common shares at C$1.00 per share. David Negrin, founder of Attollo and current Kadestone director, will become a Control Person post-closing. The acquisition enhances Kadestone's pipeline with high-potential development assets in growth markets across British Columbia.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Concord Pacific Group: One of Canada's largest master-planned community developers, headquartered in Vancouver and focused on large-scale residential and mixed-use projects — directly comparable to Kadestone's residential/commercial development focus in BC. Kadestone director David Negrin was previously SVP at Concord Pacific.
• Aquilini Development and Construction: Vancouver-based real estate developer with residential, commercial, and mixed-use projects including significant First Nations-partnered development. Highly comparable given Kadestone's CEO and a director both led at Aquilini, and given overlapping First Nations partnership strategy.
• Onni Group: Vancouver-headquartered vertically integrated real estate company developing, building, and managing residential, commercial, and mixed-use properties across North America — comparable in integrated model and geographic base.
• Westbank Corp: Vancouver-based real estate developer focused on high-density residential, mixed-use, and master-planned projects including major partnerships with First Nations. Directly comparable to Kadestone on geography, project type, and partnership model.

Regional players

• Polygon Homes: British Columbia's largest residential homebuilder, focused on multi-family and single-family communities. Comparable as a BC-based residential developer with overlapping geographies, though more focused on build-and-sell than on Kadestone's ownership/management model.
• Anthem Properties: Vancouver-based real estate investment, development, and management company with residential, commercial, and industrial assets. Comparable on integrated ownership/development/management model in BC.
• PCI Developments: Vancouver-based real estate developer focused on commercial, residential, and mixed-use projects in Greater Vancouver and Western Canada. Comparable on geography and project scale.
• Vanprop Investments: Vancouver-based real estate investment and development company with a focus on large-scale redevelopment (including a 50-acre mall site previously led by Kevin Hoffman). Comparable on Vancouver focus and mixed-use redevelopment.
• British Pacific Properties: British Columbia-based residential developer focused on master-planned communities, including significant partnerships with Indigenous communities. Directly comparable to Kadestone's First Nations partnership strategy.
• Wesgroup Properties: BC-based vertically integrated real estate company developing, owning, and managing residential and commercial properties. Comparable integrated development/ownership/management model in the same geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/kadestone
• Facebookfacebook.com/sharer.php?u=https://www.kadestone.com/newsroom/kadestone-announces-Q1-FE-financial-results

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kadestone