Devon Properties Ltd
Devon Properties Ltd is a Western Canadian property management company founded in 1981, managing multi-family residential and commercial real estate across nine cities in British Columbia and Manitoba for property owners and tenants.
- Company typePrivate
- Founded1985
- HeadquartersVictoria, Canada
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Devon Properties Ltd does
Devon Properties Ltd is a privately held property management company headquartered in Victoria, British Columbia, founded in 1981 (firmographics) and operating continuously for over 40 years across Western Canada. The company manages multi-family residential and commercial real estate investments on behalf of property owners, and also leases directly to residential renters across nine cities — eight in British Columbia (Victoria, Vancouver, Kelowna, Squamish, Sechelt, Nanaimo, Parksville, Vernon) plus Winnipeg, Manitoba. Its service portfolio spans Property Management (the core offering), Brokerage Services, Marketing and Lease-Up Services, Consulting and Advisory Services, and Construction Management, marketed under the unified "Western Canada's Property Manager" positioning.
The company operates a direct-to-consumer digital surface consisting of a website with city-level landing pages for property browsing and a Resident Portal that serves as a centralized hub for tenants to pay rent, submit maintenance requests, and access community news and events. The technology stack is a conventional online listing platform plus a tenant self-service portal — there is no disclosed proprietary AI, machine learning, or data-asset component. Devon markets through organic social channels (Facebook, Instagram, LinkedIn, YouTube), Google Business, and website content marketing, targeting both residential renters (primary) and commercial tenants and property owners (secondary).
Devon's revenue model is managed services: it earns management fees and ancillary income from property management, brokerage commissions, lease-up services, consulting, and construction management. There are no public pricing tiers; unit pricing varies by property and location. The company shows no evidence of external institutional investment, parent company ownership, or public listing. Leadership is led by CEO Reed Kipp, with co-founders Ross Kipp and Rob Hunter and COO Renee St Germaine. Customer logos are not disclosed, customer concentration is not publicly visible, and a forward pipeline of at least eight new residential developments plus a commercial asset listing for sale indicates active portfolio expansion across BC.
Devon Properties Ltd firmographics
Firmographics- Name
- Devon Properties Ltd
- Legal name
- Devon Properties Ltd
- Website
- https://devonprop.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Devon Properties Ltd is a Western Canadian property management company founded in 1981, managing multi-family residential and commercial real estate across nine cities in British Columbia and Manitoba for property owners and tenants.
- Ownership category
- akta.pro rank
Devon Properties Ltd industry classification
Industry- Product category
- Property Management Services
- NAICS
- Real Estate Property Managers (53131), Residential Property Managers (531311), Nonresidential Property Managers (531312), Offices of Real Estate Agents and Brokers (5312)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- Multifamily Apartment Property Management (BPAJAFAA)
- akta.pro secondary industries
- Office Property Management (BPAJAGAA), Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC), Tenant Representation & Corporate Services Brokerage (BPAJABAJ)
Keywords
Where Devon Properties Ltd is headquartered
LocationHeadquarters
- HQ city
- Victoria
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Devon Properties Ltd business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Property Management Services: Devon Properties earns revenue by managing multi-family residential and commercial real estate investments on behalf of property owners. Services include tenant management, property maintenance, rent collection, and lease administration.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Devon Properties Ltd product offering
Product offeringCore offering
Devon Properties Ltd manages multi-family residential and commercial real estate investments across Western Canada. The company provides property management, brokerage, consulting and advisory, marketing and lease-up, and construction management services for property owners, while offering residential and commercial rental units to tenants through an integrated Resident Portal.
Product overview
Devon Properties is Western Canada's property manager offering a unified suite of property management services for multi-family residential and commercial real estate investments. The core offering consists of Property Management Services supplemented by Consulting and Advisory, Brokerage Services, Marketing and Lease-Up Services, and Construction Management. The company also operates a Resident Portal platform enabling tenants to pay rent, submit maintenance requests, and access community information. Their property portfolio includes residential apartment communities across multiple Western Canadian cities (Victoria, Vancouver, Kelowna, Squamish, Sechelt, Nanaimo, Parksville, Vernon, Winnipeg) and select commercial properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Management Services Full-service property management for multi-family residential and commercial real estate investments across Western Canada, including tenant management, property maintenance, rent collection, and lease administration.
- Resident Portal Centralized digital hub for tenants to pay rent, submit maintenance requests, and access community news and events.
- Brokerage Services Real estate brokerage services for property transactions and leasing for investors and property owners.
- Marketing and Lease-Up Services Marketing and lease-up services for residential and commercial properties to accelerate tenant placement.
- Consulting and Advisory Services Professional consulting and advisory services for real estate investments, including investment guidance for property owners.
- Construction Management Construction management services for real estate development projects, supporting new builds and renovations.
- The Rise Apartment Homes Residential rental property in Rutland, Kelowna, BC, offering apartment homes managed by Devon Properties.
- Main & 41st Apartments Residential rental property in East Vancouver, BC, offering apartment homes managed by Devon Properties.
- Avenue Properties Commercial property for sale comprising two retail units on a corner lot along Oak Bay Avenue in Victoria, BC.
- Spencer Block Coming soon residential rental property in Downtown Victoria, BC.
- Ellis Coming soon residential rental property in Esquimalt & Vic West, BC.
- Il Greco Apartments Coming soon residential rental property in Saanich, BC.
- Seaview Two Coming soon residential rental property in James Bay, BC.
- Kira Coming soon residential rental property in Victoria-Fraserview, Vancouver, BC.
- Thera Coming soon residential rental property in McKinley Beach, Kelowna, BC.
- Lift at Arden Apartments Coming soon residential rental property in Colwood, BC.
- Telus Living Sechelt Coming soon residential rental property in Sechelt, BC.
Companies that use Devon Properties Ltd
Customer profileSegments2 records
Ideal customer profiles3 records
Devon Properties Ltd technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Devon Properties Ltd partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights5 records
Devon Properties Ltd competitors and assessment
Company assessmentBroad incumbents
- QuadReal Property Group: BC-based real estate investment and property management company with significant multifamily and commercial residential assets. Comparable for BC residential property management at larger institutional scale.
- Boardwalk REIT: One of Canada's largest multifamily REITs with significant holdings in Western Canadian markets including BC and Alberta. Comparable for rental residential operations and geographic overlap, but operates at much larger, publicly listed scale.
- CAPREIT (Canadian Apartment Properties REIT): Canada's largest publicly traded multifamily REIT with a national portfolio including BC assets. Comparable for residential property management services and tenant-facing operations, though national in scope.
- Killam Apartment REIT: Canadian multifamily REIT owning and operating apartments across six provinces. Comparable for residential property management model, though geographically weighted toward Eastern Canada.
- Mainstreet Equity Corp. Western Canada-focused multifamily owner and manager (Calgary-headquartered) with mid-market apartments across BC, Alberta, and Saskatchewan. Comparable for value-add multifamily management in Western Canadian markets.
- Starlight Investments: Major Canadian residential property manager and owner with significant BC multifamily exposure. Comparable for third-party management services and BC footprint, but operates at significantly larger scale.
- Morguard Corporation: Canadian real estate company managing a diversified portfolio of multifamily, office, retail, and industrial properties. Comparable for the residential/commercial mixed property management mandate and Canadian footprint.
Regional players
- Rhapsody Property Management Services: Western Canadian property management company serving multifamily and mixed-use communities. Comparable for boutique-scale residential property management in BC/Manitoba-style markets, though concentrated in different cities.
Direct peers
- Concert Properties: BC-based real estate developer, owner, and property manager of multifamily residential and commercial properties. Highly comparable to Devon in geography, ownership structure (privately held), and integrated development-to-property-management model.
- Bosa Properties: Vancouver-headquartered developer and manager of multifamily rental and commercial properties across BC and Western Canada. Comparable as a privately held, family-influenced BC operator with overlapping markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Devon Properties Ltd social profiles
Digital presenceDevon Properties Ltd financial estimates
Financial estimateRevenue estimate
Valuation estimate
Devon Properties Ltd leadership team
Management profileNumber of profiles
Profiles4 records
Devon Properties Ltd funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Devon Properties Ltd M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Devon Properties Ltd
What does Devon Properties Ltd do?
Devon Properties Ltd manages multi-family residential and commercial real estate investments across Western Canada. The company provides property management, brokerage, consulting and advisory, marketing and lease-up, and construction management services for property owners, while offering residential and commercial rental units to tenants through an integrated Resident Portal.
Is Devon Properties Ltd a public or private company?
Devon Properties Ltd is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Devon Properties Ltd founded?
Devon Properties Ltd was founded in 1985. It employs 51 to 100 people.
Where is Devon Properties Ltd based?
Devon Properties Ltd is headquartered in Victoria, Canada, in the North America region.
How does Devon Properties Ltd make money?
One revenue line is on record: property Management Services.
Who are Devon Properties Ltd's main competitors?
Broad incumbents on record are QuadReal Property Group, Boardwalk REIT, CAPREIT (Canadian Apartment Properties REIT), Killam Apartment REIT, Mainstreet Equity Corp., Starlight Investments and Morguard Corporation. Rhapsody Property Management Services is listed as a regional player. Direct peers are Concert Properties and Bosa Properties.
Does Devon Properties Ltd have an API?
No public API is recorded for Devon Properties Ltd.
What industry is Devon Properties Ltd in?
Devon Properties Ltd's product category is Property Management Services. Its primary akta.pro industry code is BPAJAFAA, Multifamily Apartment Property Management, with a secondary code of BPAJAGAA, Office Property Management. Its NAICS code is 53131 and its SIC code is 6531.