Kevric Real Estate

Name

Kevric Real Estate

Legal name

Kevric Real Estate Corporation Inc.

Website

https://kevric.ca

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate

NAICS

Lessors of Real Estate (5311), Real Estate Property Managers (53131), Real Estate and Rental and Leasing (53)

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industries

Property Management Advisory & Leasing Administration (FSAEAJAN), Multifamily Brokerage (BPAJABAD)

Keywords

• Commercial real estate
• Property management
• Real estate development
• Sustainable building
• Asset management

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Commercial property leasing: Kevric generates revenue primarily through leasing office, commercial, and industrial spaces in its portfolio properties across Montreal, Toronto, and Ottawa/Gatineau. The company develops and manages properties and leases space to tenants.
2. Property management services: Kevric provides specialized services in building construction and redevelopment, building and asset management, marketing and rentals, as well as project financing. The company manages properties it owns and co-owns.
3. Real estate development and redevelopment: Kevric acquires, develops, and repositions buildings with potential to generate high returns. Revenue is generated through property value appreciation and eventual sale of assets (e.g., sale of 1100 Atwater and Air Canada Tower to Blackstone for over $230 million).

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Kevric Real Estate is a Canadian commercial real estate owner, developer, and manager that acquires, repositions, and develops office, commercial, industrial, and mixed-use properties primarily in Montreal, Toronto, and the Ottawa/Gatineau national capital district. The company manages more than 3.7 million square feet of Class A space and provides integrated services across property and asset management, leasing, construction, and acquisition, with a strong emphasis on LEED and BOMA BEST sustainable building certifications.

Product overview

Kevric Real Estate Corporation is a value-added real estate company operating as a single unified platform across property ownership, development, and management. The company's core offering consists of commercial real estate properties across Montreal, Toronto, and Ottawa/Gatineau, including office towers (Place Bonaventure, 600 De La Gauchetière, Air Canada Tower), mixed-use developments (99 Atlantic, 1100 Atwater), and specialized properties (Six5 Studios film production facility). Supporting the property portfolio are integrated services including property management, leasing, construction, and acquisition expertise. The company manages approximately 3 million square feet of commercial space, focusing on redevelopment and repositioning of existing properties as well as new development projects.

Differentiator

Problem solved

Functional benefit

Brands

• Six5 Studios: Film studios and office complex at 65 Heward Avenue in Toronto's Studio District, featuring two film studios and workspace for production services.

Quantifiable outcome

• Properties redeveloped achieve LEED Gold certifications and BOMA Best certifications
• +3 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Colliers InternationalminorChannel Partner/ Reseller/ Distributor · 4 December 2021Colliers International was responsible for finding tenants for 99 Atlantic in Toronto.

Scale indicators7 records

Recent moves7 records

Regional players

• First Capital REIT: Canadian REIT focused on grocery-anchored retail and mixed-use urban properties across Canada. Comparable to Kevric as a Canadian value-add real estate operator in major urban markets, though more retail-weighted.

Broad incumbents

• Oxford Properties: Canadian pension-backed (OMERS) commercial real estate owner with significant office and mixed-use holdings in Toronto and Montreal. Directly comparable in operating geography and office-tower strategy, with a focus on Class A repositioning and sustainability initiatives.
• Cadillac Fairview: Major Canadian commercial real estate owner-operator of office, retail, and mixed-use properties. Overlaps with Kevric in Montreal and Toronto office portfolios and in developing Class A trophy assets, though at meaningfully larger institutional scale.
• Brookfield Property Partners: One of the largest global commercial real estate owners and operators, with significant Canadian office and retail holdings. Comparable to Kevric as a major institutional owner-operator of office and mixed-use assets, though at vastly greater scale and with a much more diversified global footprint.

Direct peers

• Canderel: Privately-held Canadian real estate developer and owner of office, industrial, residential, and mixed-use properties headquartered in Montreal. Closely comparable to Kevric as a private, founder-led Quebec-based commercial real estate platform with similar asset mix and tenant roster.
• Morguard: Canadian public real estate company owning and managing a portfolio of office, retail, and multifamily properties across major Canadian markets. Closely comparable to Kevric in size, asset mix, and value-add office repositioning approach.
• Cominar REIT: Quebec-based REIT owning a diversified portfolio of office, retail, and industrial properties across Quebec, Ontario, and Atlantic Canada. Directly comparable to Kevric in Quebec office concentration and tenant mix including government and major corporates.
• Allied Properties REIT: Toronto-based REIT focused on owning, managing, and developing Class A office and workspace in major Canadian urban centres, with particular strength in creative/tech tenant mix. Directly comparable to Kevric's office repositioning strategy in Montreal and Toronto, including brick-and-beam adaptive reuse.
• Dream Office REIT: Canadian REIT focused on owning, managing, and repositioning office properties in downtown Toronto, Montreal, Calgary, and Ottawa. Highly comparable to Kevric in geography, asset class, and focus on office value-add repositioning.
• Ivanhoé Cambridge: Canadian institutional real estate investor (Caisse de dépôt et placement du Québec subsidiary) that owns and develops office, retail, and mixed-use properties in Montreal, Toronto, and other major Canadian cities. Highly comparable to Kevric in geography, asset class mix, and value-add repositioning strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/kevricrecorp

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

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 Kevric Real Estate