What Olymbec does

Olymbec is a privately held, family-owned commercial and industrial real estate company founded in 1975 by Edward Stern and now operated by his sons Derek and Richard Stern. The company owns and manages a diversified portfolio of approximately 28.5 million square feet across 300+ properties in Canada (13 million sq ft) and the United States (15.5 million sq ft), spanning industrial, office, retail, and residential asset classes. Olymbec pursues a value-add strategy, acquiring vacant or underperforming properties and distressed debt without external financing and with limited due diligence, then repositioning them through in-house legal, design, construction, and property management operations.

The company generates revenue primarily through recurring rental income on its owned real estate, leasing industrial distribution facilities, multi-tenant office buildings, retail properties, and (most recently) residential rental condos under the Lynk sub-brand. Go-to-market is direct: in-house leasing agents at 12+ regional offices handle all tenant acquisition and lease execution, supported by a corporate website, social media, and toll-free leasing lines. Pricing is quote-based and not publicly disclosed, with rental rates set below market based on Olymbec's low acquisition cost base.

Recent strategic activity has emphasized geographic expansion into US logistics markets (notably Memphis, Tennessee), the launch of the Lynk branded residential product (303 units in Ville Mont-Royal), the Cavendish Industrial Campus development in Montreal, and a partnership with Brivia Group for the îlot de la Montagne mixed-use project in Griffintown. The company maintains >10% annual growth, no institutional or public shareholders, and a vertically integrated operating model.

Name

Olymbec

Legal name

Olymbec

Website

https://olymbec.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

101–250 employees

Short description

Olymbec is a family-owned private real estate company owning 28.5 million sq ft across 300+ industrial, office, retail, and residential properties in Canada and the US. It pursues a value-add acquisition strategy and leases directly through in-house agents.

Ownership category

akta.pro rank

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel

Revenue model

1. Commercial & Industrial Real Estate Leasing: Revenue generated from leasing industrial, office, retail, and residential properties owned by Olymbec across North America. The company owns and manages a diverse portfolio and offers competitive rental rates due to low cost base purchases.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Olymbec owns and manages a diverse portfolio of industrial, office, retail, and residential properties throughout Canada and the United States, totaling over 28.5 million square feet across 300+ properties (13 million sq ft in Canada and 15.5 million sq ft in the US). The company operates a vertically integrated real estate business, handling acquisitions, leasing, leasehold construction, property design, legal affairs, management, and maintenance internally, and pursues a value-add strategy of acquiring and repositioning vacant or distressed properties without external financing.

Product overview

Olymbec operates as a vertically integrated commercial real estate company offering industrial, office, retail, and residential properties for lease across Canada and the United States. With approximately 28.5 million square feet across 300 properties, the company provides leasing services through its core property categories (Industrial, Office, and Commercial/Retail), while its Lynk sub-brand handles residential rental condos in Ville Mont-Royal. The company also develops specialized projects like Cavendish Industrial Campus and handles all property management functions internally.

Differentiator

Problem solved

Functional benefit

Brands

• Lynk: Residential condo project at 5200 De la Savane in Ville Mont-Royal, Montreal. Smart condos with modern architecture, luxury amenities (terraces, fitness centre, coworking spaces, green areas), sustainability focus. Two towers with 303 rental condos, the tallest in Le Triangle district.

Products and services

• Industrial Properties

Named customers1 record

Segments4 records

Ideal customer profiles3 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.

• Brivia GroupmajorStrategic or Co-development PartnerOlymbec partnered with Brivia Group for the acquisition of a 300,000 sq. ft. lot in Griffintown neighbourhood in the Sud-Ouest borough of Montreal. This partnership enables the development of 'îlot de la Montagne,' a multi-phase, mixed-use real estate project.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Morguard Corporation: Canadian privately held real estate company owning a diversified portfolio of industrial, office, retail, and multifamily properties across North America. Closest privately held comparable to Olymbec's diversified industrial-led strategy.
• Dream Industrial REIT: Canadian TSX-listed REIT focused on industrial and distribution properties across Canada and (selectively) Europe. Closest direct peer to Olymbec's industrial focus and Eastern Canada footprint, although Olymbec is private and includes office/retail/residential.
• EastGroup Properties: US-listed industrial REIT concentrated in Sun Belt distribution markets (including Memphis). Directly comparable to Olymbec's Memphis industrial acquisitions and small-bay/distribution focus.
• Cominar Real Estate Investment Trust: One of the largest diversified Canadian REITs with industrial, office, and retail properties concentrated in Quebec. Closest direct peer for Olymbec's Quebec-heavy diversified portfolio.
• WPT Industrial REIT (now Blackstone): Toronto-based industrial REIT acquired by Blackstone in 2024; historically focused on industrial and distribution properties across the US Sun Belt. Direct comparable for Olymbec's US industrial strategy and Canadian-listed peer set.
• Allied Properties REIT: Toronto-listed REIT focused on distinctive office workspace in major Canadian cities. Comparable for Olymbec's Quebec office portfolio and repositioning of older office product.
• Terreno Realty Corporation: US-listed industrial REIT focused on infill and last-mile distribution facilities in major US coastal markets. Comparable operating model of acquiring functional industrial assets in supply-constrained markets.
• First Industrial Realty Trust: US-listed REIT focused on Class A/B industrial and distribution properties across major US markets. Comparable to Olymbec's industrial strategy and the Memphis Sun Belt focus, though at meaningfully larger scale.

Broad incumbents

• RioCan REIT: One of Canada's largest REITs, focused on retail and increasingly mixed-use development. Comparable as a major Canadian diversified real estate holder with active development and repositioning activity.
• Brookfield Property Group: One of the world's largest commercial real estate owners and operators, with industrial, office, retail, and multifamily assets globally. Broad incumbent competing for the same value-add and distressed opportunities at institutional scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/olymbec
• LinkedInlinkedin.com/company/groupe-olymbec
• Xx.com/olymbec333

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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 Olymbec