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CLV Group

Full company profile

uuid0007eyp

Namestring
CLV Group
Websiteurl
clvgroup.com
Company typeenum
Private
Founded yearint
1969
Descriptiontext

CLV Group is a privately held, for-profit Canadian real estate investment and management company headquartered in Ottawa, founded in 1969 and operating for over 45 years with 101-250 employees. Its short public positioning emphasizes helping people find the perfect place to call home. The company's core asset is its ownership of InterRent Real Estate Investment Trust, a multi-family residential REIT described as one of Canada's largest residential real estate portfolios operating across Canadian markets.

The business model is anchored in residential real estate investment and rental housing provision through the wholly-owned InterRent REIT subsidiary, generating returns from multi-family rental income and asset appreciation. CLV Group operates a property management and asset stewardship structure, with executive chair Mike McGahan serving as the principal operating executive. There is no public product pricing, segmentation detail, or technology stack disclosed; revenue mechanics appear typical of large-scale residential property ownership — rental income, fee-based management, and capital gains.

The company is currently the subject of major transactional activity: CLV Group, Mike McGahan, and Singapore sovereign wealth fund GIC are acquiring InterRent REIT in a transaction valued at approximately $4 billion including net debt (approximately $2 billion equity at $13.55 per unit, a 35% premium over the pre-campaign price). Activist hedge fund Anson Funds, holding a 9% stake, drove the sale process. The transaction has cleared Investment Canada Act and Competition Act reviews and is pending final Canada Mortgage and Housing Corp. sign-off, with closing expected in late 2025 or early 2026. Brad Cutsey has resigned as InterRent's president and CEO during this transition.

Short descriptiontext

CLV Group is a privately held Ottawa-based real estate investment and management company, founded in 1969, that owns InterRent Real Estate Investment Trust — one of Canada's largest multi-family residential rental portfolios — and is currently undergoing a roughly $4 billion take-private transaction with GIC and executive leadership.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersOttawa, Canada
HQ citystring
Ottawa
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
residential property management, rental housing services, multi-family real estate, real estate investment trust, apartment rentals
NAICS code2 codes
  • Residential Property Managers531311
  • Rental and Leasing Services532
SIC code2 codes
  • Operators Of Apartment Buildings6513
  • Services-To Dwellings & Other Buildings7340
Product category
Residential Property Management
Social media profiles1 record
Cost components4 values
Operations, Personnel, Infrastructure, Marketing or Sales
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

CLV Group is a real estate investment and management company that helps people find the perfect place to call home. It operates and manages residential rental housing through its ownership of InterRent Real Estate Investment Trust, one of Canada's largest residential real estate portfolios, providing multi-family rental housing across Canadian markets.

Differentiator
Functional benefit
Problem solved
Product and service2 records
1Residential Rental Housing via InterRent REIT
CategoryResidential rental housing
Description

Multi-family residential rental housing units operated across Canadian markets through InterRent Real Estate Investment Trust. Targeted at individual tenants and households seeking long-term rental housing.

2Property Management Services
CategoryProperty management
Description

Professional property management of multi-family residential real estate assets in the InterRent REIT portfolio across Canadian markets, delivered on behalf of tenants and owners.

Scale indicator2 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1InterRent Real Estate Investment Trust
Strategic tierCoreTypeOthers
Description

InterRent REIT is the primary operating entity owned by CLV Group. It is a residential real estate investment trust with properties across Canada. The approximately $4 billion deal involves the sale of InterRent REIT to a consortium including CLV Group (as part of the owning group) and GIC, pending regulatory approval.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Morguard Corporation
TypeBroad incumbent
Description

Established Canadian real estate company with a diversified portfolio including residential, office, retail, and hotel assets. Comparable as a broader incumbent with residential property management overlap with CLV Group's InterRent portfolio.

2Northview Residential REIT
TypeDirect peer
Description

Canadian residential REIT operating a multi-family rental portfolio across multiple provinces. Directly comparable to InterRent REIT owned by CLV Group in asset class, geographic focus, and rental housing model.

3Tridel Group
TypeBroad incumbent
Description

One of Canada's largest residential developers and managers of condominium and rental apartment communities. Comparable to CLV Group in residential property management and multi-family housing operations in Canadian urban markets.

4QuadReal Property Group
TypeBroad incumbent
Description

Large Canadian real estate investment and management firm with significant residential rental exposure. Overlaps with CLV Group in residential property management, institutional asset ownership, and Canadian market presence.

5Boardwalk Real Estate Investment Trust
TypeDirect peer
Description

One of Canada's largest multi-family residential REITs, directly comparable to InterRent REIT that CLV Group owns and operates. Operates a similarly scaled portfolio of apartment communities across Canadian markets with overlapping customer base and business model.

6Killam Apartment REIT
TypeDirect peer
Description

Canadian multi-family residential REIT owning and operating a large portfolio of apartments across Canada. Directly comparable to CLV Group's InterRent REIT in property type, geographic focus, and rental housing business model.

7Minto Apartment REIT
TypeDirect peer
Description

Canadian multi-family residential REIT focused on apartment properties across major Canadian cities. Directly comparable to CLV Group's InterRent operations in property class, market focus, and residential rental strategy.

8Dream Unlimited Corp.
TypeBroad incumbent
Description

Canadian real estate company with residential rental and development operations. Overlaps with CLV Group in Canadian multi-family housing exposure and serves similar urban residential markets.

9CAPREIT (Canadian Apartment Properties REIT)
TypeDirect peer
Description

Canada's largest residential REIT, directly comparable in business model and customer base to CLV Group/InterRent. Operates a multi-family residential portfolio with similar property management and rental housing focus across Canadian markets.

10Tricon Residential (formerly Starlight U.S. Multi-Family)
TypeRegional player
Description

Multi-family residential rental company operating primarily in the U.S. Sunbelt. Comparable to CLV Group/InterRent in multi-family rental business model, though focused on a different geography than CLV's Canadian portfolio.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

CLV Group

Residential Property Managementclvgroup.com

CLV Group is a privately held Ottawa-based real estate investment and management company, founded in 1969, that owns InterRent Real Estate Investment Trust — one of Canada's largest multi-family residential rental portfolios — and is currently undergoing a roughly $4 billion take-private transaction with GIC and executive leadership.

What CLV Group does

CLV Group is a privately held, for-profit Canadian real estate investment and management company headquartered in Ottawa, founded in 1969 and operating for over 45 years with 101-250 employees. Its short public positioning emphasizes helping people find the perfect place to call home. The company's core asset is its ownership of InterRent Real Estate Investment Trust, a multi-family residential REIT described as one of Canada's largest residential real estate portfolios operating across Canadian markets.

The business model is anchored in residential real estate investment and rental housing provision through the wholly-owned InterRent REIT subsidiary, generating returns from multi-family rental income and asset appreciation. CLV Group operates a property management and asset stewardship structure, with executive chair Mike McGahan serving as the principal operating executive. There is no public product pricing, segmentation detail, or technology stack disclosed; revenue mechanics appear typical of large-scale residential property ownership — rental income, fee-based management, and capital gains.

The company is currently the subject of major transactional activity: CLV Group, Mike McGahan, and Singapore sovereign wealth fund GIC are acquiring InterRent REIT in a transaction valued at approximately $4 billion including net debt (approximately $2 billion equity at $13.55 per unit, a 35% premium over the pre-campaign price). Activist hedge fund Anson Funds, holding a 9% stake, drove the sale process. The transaction has cleared Investment Canada Act and Competition Act reviews and is pending final Canada Mortgage and Housing Corp. sign-off, with closing expected in late 2025 or early 2026. Brad Cutsey has resigned as InterRent's president and CEO during this transition.

CLV Group firmographics

Firmographics
Name
CLV Group
Website
https://clvgroup.com
Company type
Private
Founded year
1969
Operating status
Operating
Headcount range
101–250 employees
Short description
CLV Group is a privately held Ottawa-based real estate investment and management company, founded in 1969, that owns InterRent Real Estate Investment Trust — one of Canada's largest multi-family residential rental portfolios — and is currently undergoing a roughly $4 billion take-private transaction with GIC and executive leadership.
Ownership category
akta.pro rank

Where CLV Group is headquartered

Location

Headquarters

HQ city
Ottawa
HQ country
Canada
HQ region
North America

Markets served

CLV Group business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Operations, Personnel, Infrastructure, Marketing or Sales

CLV Group product offering

Product offering

Core offering

CLV Group is a real estate investment and management company that helps people find the perfect place to call home. It operates and manages residential rental housing through its ownership of InterRent Real Estate Investment Trust, one of Canada's largest residential real estate portfolios, providing multi-family rental housing across Canadian markets.

Differentiator

Problem solved

Functional benefit

Products and services

  • Residential Rental Housing via InterRent REIT Multi-family residential rental housing units operated across Canadian markets through InterRent Real Estate Investment Trust. Targeted at individual tenants and households seeking long-term rental housing.
  • Property Management Services Professional property management of multi-family residential real estate assets in the InterRent REIT portfolio across Canadian markets, delivered on behalf of tenants and owners.

Companies that use CLV Group

Customer profile

Ideal customer profiles1 record

CLV Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

CLV Group partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • InterRent Real Estate Investment TrustcoreOthersInterRent REIT is the primary operating entity owned by CLV Group. It is a residential real estate investment trust with properties across Canada. The approximately $4 billion deal involves the sale of InterRent REIT to a consortium including CLV Group (as part of the owning group) and GIC, pending regulatory approval.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

CLV Group competitors and assessment

Company assessment

Broad incumbents

  • Morguard Corporation: Established Canadian real estate company with a diversified portfolio including residential, office, retail, and hotel assets. Comparable as a broader incumbent with residential property management overlap with CLV Group's InterRent portfolio.
  • Tridel Group: One of Canada's largest residential developers and managers of condominium and rental apartment communities. Comparable to CLV Group in residential property management and multi-family housing operations in Canadian urban markets.
  • QuadReal Property Group: Large Canadian real estate investment and management firm with significant residential rental exposure. Overlaps with CLV Group in residential property management, institutional asset ownership, and Canadian market presence.
  • Dream Unlimited Corp. Canadian real estate company with residential rental and development operations. Overlaps with CLV Group in Canadian multi-family housing exposure and serves similar urban residential markets.

Direct peers

  • Northview Residential REIT: Canadian residential REIT operating a multi-family rental portfolio across multiple provinces. Directly comparable to InterRent REIT owned by CLV Group in asset class, geographic focus, and rental housing model.
  • Boardwalk Real Estate Investment Trust: One of Canada's largest multi-family residential REITs, directly comparable to InterRent REIT that CLV Group owns and operates. Operates a similarly scaled portfolio of apartment communities across Canadian markets with overlapping customer base and business model.
  • Killam Apartment REIT: Canadian multi-family residential REIT owning and operating a large portfolio of apartments across Canada. Directly comparable to CLV Group's InterRent REIT in property type, geographic focus, and rental housing business model.
  • Minto Apartment REIT: Canadian multi-family residential REIT focused on apartment properties across major Canadian cities. Directly comparable to CLV Group's InterRent operations in property class, market focus, and residential rental strategy.
  • CAPREIT (Canadian Apartment Properties REIT): Canada's largest residential REIT, directly comparable in business model and customer base to CLV Group/InterRent. Operates a multi-family residential portfolio with similar property management and rental housing focus across Canadian markets.

Regional players

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key highlights5 records

Customer concentration

CLV Group social profiles

Digital presence

CLV Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

CLV Group leadership team

Management profile

Number of profiles

Profiles1 record

CLV Group subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

CLV Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

CLV Group M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about CLV Group

What does CLV Group do?

CLV Group is a real estate investment and management company that helps people find the perfect place to call home. It operates and manages residential rental housing through its ownership of InterRent Real Estate Investment Trust, one of Canada's largest residential real estate portfolios, providing multi-family rental housing across Canadian markets.

Is CLV Group a public or private company?

CLV Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was CLV Group founded?

CLV Group was founded in 1969. It employs 101 to 250 people.

Where is CLV Group based?

CLV Group is headquartered in Ottawa, Canada, in the North America region.

Who are CLV Group's main competitors?

Broad incumbents on record are Morguard Corporation, Tridel Group, QuadReal Property Group and Dream Unlimited Corp.. Direct peers are Northview Residential REIT, Boardwalk Real Estate Investment Trust, Killam Apartment REIT, Minto Apartment REIT and CAPREIT (Canadian Apartment Properties REIT). Tricon Residential (formerly Starlight U.S. Multi-Family) is listed as a regional player.

Does CLV Group have an API?

No public API is recorded for CLV Group.

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Live signals
NewswireCARRIAGE HILL PROPERTIES ACQUISITION CORP. AND CLV ASSET MANAGEMENT INC. COMPLETE PRIVATIZATION OF INTERRENT REITCarriage Hill Properties Acquisition Corp. and CLV Asset Management completed the privatization of InterRent REIT via a statutory plan of arrangement. The transaction valued the REIT at approximately $4 billion, with cash consideration of $13.55 per unit. CLV will manage the portfolio, expanding its asset management platform to over $7 billion in real estate assets.Ottawa Business JournalInterRent president and CEO Brad Cutsey resigns as REIT awaits final sale approvalBrad Cutsey, president and CEO of InterRent Real Estate Investment Trust, resigned effective next Monday after nearly a decade as president and four years as CEO, with chief operating officer Dave Nevins appointed as interim replacement. The leadership change occurs as InterRent, along with owner CLV Group and Singapore sovereign wealth fund GIC, awaits final regulatory approval for a $2-billion sale at $13.55 per unit, representing a 35% premium over the pre-campaign price. Anson Funds, an activist hedge fund holding a 9% stake that campaigned for the sale, drove the transaction process, which has cleared unitholder approval and the Competition Act review and awaits Canada Mortgage and Housing Corp. sign-off.NewswireINTERRENT REIT REPORTS THIRD QUARTER 2025 RESULTSInterRent Real Estate Investment Trust reported solid Q3 2025 operational results, including 3.3% year-over-year growth in average monthly rent to $1,742, a 1.9% increase in same-property proportionate NOI to $41.1 million, and improved occupancy to 96.8%. The REIT's previously announced acquisition by Carriage Hill Properties Acquisition Corp. (owned by CLV Group and GIC) in an all-cash transaction valued at approximately $4 billion has received Investment Canada Act approval, Competition Act clearance, and Ontario Superior Court approval, with closing now anticipated in the first half of 2026. FFO and AFFO were significantly impacted by $8.5 million in one-time transaction costs, though normalized FFO per diluted unit still rose 1.9% year-over-year to $0.162.Ottawa Business JournalCLV Group president Mike McGahan among Order of Ottawa’s 2025 inducteesMike McGahan, president of CLV Group and executive chair of InterRent Real Estate Investment Trust, has been named a 2025 inductee into the Order of Ottawa, a civic honor recognizing exceptional citizens who have brought honour to the city. The City of Ottawa announced this year's inductees, with McGahan being among notable honorees including community leaders and public servants. In May, InterRent announced that CLV Group and Singapore-based investment firm GIC were offering to purchase the REIT for approximately $2 billion, with the deal expected to close later this year or early 2026.YahooBOTH LEADING INDEPENDENT PROXY ADVISORS ISS AND GLASS LEWIS RECOMMEND INTERRENT REIT UNITHOLDERS VOTE FOR THE ARRANGEMENT WITH CLV GROUP AND GICInterRent announced that ISS and Glass Lewis recommended unitholders vote for its arrangement with CLV Group and GIC. The deal offers $13.55 per unit, a 35% premium to the unaffected closing price. The vote deadline is August 21, 2025, with the meeting on August 25.FinSMEsQ&A with Mike McGahan, President of CLV Group and CEO of InterRent REITMike McGahan, CEO of InterRent REIT and CLV Group, discussed the internalization of CLV's property management in 2018, which helped the REIT double suites to over 8,600 and increase property value by over $2.1 billion. He also highlighted the 900 Albert Street mixed-use development near Bayview Station, which could add up to 1,200 residential units.