What Sidev does

Sidev (legal entity Gestion SIDEV Inc., a division of Société Immobilière SIDEV Inc.) is a privately held, family-controlled real estate investment, development, and management firm founded in Montreal in 1980 by Sam Benatar and currently led by the Benatar family alongside VP Finance & Acquisitions Laurence Delouya. The company operates across four integrated service lines: commercial leasing of office and retail spaces in Montreal, Laval, Drummondville and Pompano Beach; residential leasing including the 3550 Le Brillant multi-residential complex in Côte-des-Neiges; real estate development covering projects such as the 500,000 sq. ft. Centre D Drummondville (with Groupe Immobilier G.E.M.S.), the 3.5 million sq. ft. VERIDIS Laval residential master plan (~1,800 units over 10 years), Altitude sur le Golf in Drummondville, and the Le St-Martin Hôtel Particulier Montréal boutique hotel conversion; and property management services providing administrative, financial, and operational mandates to investors and property owners.

The core proprietary technology is SIDEV Property Manager, an in-house reporting platform providing secure 24/7 remote access to building-level operational snapshots, portfolio summaries, and account-level analytics for managed real estate assets. The rest of the technology stack is conventional real estate operations tooling with no disclosed AI/ML capabilities or third-party platform integrations. Sidev's customer base spans enterprise tenants (Costco, Club Piscine, Visa Desjardins, Spectra Group, Renaud-Bray, SAQ, Le St-Martin Hôtel), professional-services and SMB office tenants across its Montreal portfolio, residential tenants in its multi-residential buildings, and third-party real estate investors using its management mandates (e.g., Fiduciaria SA).

The business model combines recurring rental income from owned and managed commercial and residential assets with managed-services fees from third-party property management mandates and one-time development revenue from project sales (e.g., Centre D Drummondville). Pricing is quote-based with publicly listed per-square-foot net rental rates and separately billed additional rents (operating costs, taxes); leasing is executed through a direct sales motion led by named VPs and a channel motion via broker partnerships with TRIUM, Cushman & Wakefield LePage, and Immobilière Nationale. The company is privately held with no institutional investors or funding rounds disclosed and no public listing.

Name

Sidev

Legal name

Société Immobilière SIDEV Inc

Website

http://sidev.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

Sidev is a real estate investment company that provides property development, management, and rental properties.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Nonresidential Property Managers (531312), Offices of Real Estate Agents and Brokers (5312), Rental and Leasing Services (532), Residential Property Managers (531311)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Land & Development Site Brokerage (BPAJABAG), Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Commercial real estate
• Property management
• Real estate development
• Residential leasing
• Commercial leasing

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commercial Leasing: Revenue generated from leasing office and retail spaces across SIDEV's commercial property portfolio including properties in Montreal, Laval, and Pompano Beach, Florida. Spaces range from small retail units to large office floors.
2. Residential Leasing: Revenue from residential property leasing including multi-residential complexes such as 3550 Le Brillant in Montreal's Côte-des-Neiges borough.
3. Property Management Services: Comprehensive management services including administrative mandates (lease administration, insurance management, HR/salary management, rent collection), financial mandates (budget forecasts, bookkeeping, operating reports, financial statements), and operational mandates (leasehold improvements, maintenance, repairs). Services provided to property owners and investors.
4. Real Estate Development: Revenue from development projects including Centre D Drummondville (500,000 sq. ft. commercial), VERIDIS Laval (3.5 million sq. ft. land, 1,800 housing units planned), Altitude sur le Golf Drummondville, and 3550 Le Brillant Montreal. Projects range from commercial retail centers to residential complexes.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Sidev invests in, develops, owns, and manages commercial and residential real estate in the Greater Montreal area, Laval, Drummondville, and Pompano Beach, Florida. The company leases office and retail space, develops large-scale residential and commercial projects, and provides integrated property management services (administrative, financial, and operational) to property owners and investors. A proprietary SIDEV Property Manager reporting system supports the management services with customized, 24/7 portfolio analytics.

Product overview

Sidev is a real estate investment, development, and management company founded in Montreal in 1980. The company operates through four core service lines: Commercial Leasing (office and retail spaces across Montreal, Laval, and Pompano Beach), Residential Leasing (multi-residential complexes), Developments (commercial and residential projects including Centre D Drummondville, Veridis Laval, Altitude sur le Golf, and 3550 Le Brillant), and Property Management Services. The company also offers a proprietary tool called SIDEV Property Manager for exclusive reporting and portfolio management. Founded by Sam Benatar, Gestion SIDEV manages a portfolio of commercial and office space as well as buildable land, with stated average building occupancy rates of 90%.

Differentiator

Problem solved

Functional benefit

Brands

• Centre D Drummondville: A new commercial centre in Drummondville developed by SIDEV and Groupe Immobilier G.E.M.S., with Costco, Club Piscine and other merchants.
• VERIDIS
• Le Brillant
• SIDEV Property Manager

Products and services

• Commercial Leasing Leasing of office and retail space across Sidev's portfolio in Montreal (e.g., 630 Sherbrooke Street West, 1440 Saint Catherine Street West), Laval (Saint Martin Blvd. West), and Pompano Beach, Florida. Suite sizes, net rental rates per sq. ft., and additional rent (operating costs, taxes) are publicly listed. Tenants include professional offices, retailers, and boutique hotels.
• Residential Leasing Residential rental housing offered through multi-residential complexes such as 3550 Le Brillant in Montreal's Côte-des-Neiges borough, providing family-friendly rental units near universities and services.
• Property Management Services Integrated property management services for property owners and investors, including administrative mandates (lease administration, insurance, HR/salary, rent collection), financial mandates (budget forecasts, bookkeeping, operating reports, financial statements), and operational mandates (leasehold improvements, maintenance, repairs). Offered with the proprietary SIDEV Property Manager reporting platform providing 24/7 remote access.
• Centre D Drummondville Commercial development project in Drummondville, Quebec, offering 500,000 sq. ft. of retail and commercial space with Highway 20 visibility. Anchored by Costco and Club Piscine, with additional merchants and available development space.
• VERIDIS Laval (Habitat Veridis) Large-scale residential development in Laval's Auteuil area spanning 3.5 million sq. ft. of land, planned to deliver approximately 1,800 housing units including single-family homes, semi-detached houses, townhouses, and condominiums over a 10-year horizon.
• Altitude sur le Golf Residential project in Drummondville located near René-Lévesque Boulevard and Golf Road, offering units with views of the golf course and the Saint-François River.
• 3550 Le Brillant Montreal Multi-residential rental complex located in the Côte-des-Neiges borough of Montreal, completed and available for lease, supporting Sidev's residential leasing service line.

Quantifiable outcome

• Average 90% occupancy rate across managed buildings
• +3 more outcomes

Named customers9 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

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Groupe Immobilier G.E.M.S.coreStrategic or Co-development Partner · 1 January 2012Partnership with Groupe Immobilier G.E.M.S. for the Centre D Drummondville development project. This collaboration successfully created and developed a new commercial center in Drummondville, representing 1.8 million sq. ft. of total land area with 500,000 sq. ft. of commercial space. The project opened in 2012 with Costco and Club Piscine as anchor tenants.
• TRIUM Commercial Real EstatecoreChannel Partner/ Reseller/ DistributorTRIUM serves as a channel partner for commercial office leasing at SIDEV properties, specifically 1440 Saint Catherine Street West. Real estate brokers Érik Tremblay and Filipe Tremblay represent the property to their client base, providing additional sales coverage for leasing services.
• Cushman & Wakefield LePage Inc.minorChannel Partner/ Reseller/ DistributorNantel Brisset, affiliated real estate agent and Associate Vice President - Office Leasing at Cushman & Wakefield LePage Inc., provides leasing services and references SIDEV properties in client negotiations. Described as appreciating SIDEV's flexibility in lease negotiations.
• Immobilière NationaleminorChannel Partner/ Reseller/ DistributorChristian Guay, real estate broker at Immobilière Nationale, worked with SIDEV (through Serge Hutchinson's team) on intense lease negotiations to meet client expectations and correct technical problems. Satisfied with building and office management.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Ivanhoé Cambridge: Quebec-headquartered global real estate investor, developer, and asset manager. Highly comparable given shared Montreal base, mixed commercial/residential portfolio, and integrated investment-management platform, though at vastly greater scale and with institutional capital.
• Cadillac Fairview: One of Canada's largest owners, operators, and developers of office and retail real estate. Comparable to SIDEV's Montreal commercial leasing and management business, but with a national portfolio and institutional ownership.

Direct peers

• Devimco Immobilier: Quebec-based real estate developer active in large-scale mixed-use and residential projects. Directly comparable to SIDEV's VERIDIS Laval-style master-planned residential developments and Quebec retail/entertainment-led commercial projects.
• Groupe Sélection: Quebec-focused residential developer and operator of retirement and multi-residential complexes. Comparable to SIDEV's Le Brillant Montreal and VERIDIS Laval multi-residential and condominium delivery model.
• Morguard: Canadian real estate company with diversified commercial, residential, and hotel holdings and in-house property management. Comparable to SIDEV's integrated owner-operator model across office, retail, and residential, though at much larger scale.
• GWL Realty Advisors: Canadian real estate investment manager handling office, retail, industrial, and residential assets for institutional clients. Comparable to SIDEV's third-party property management mandate work for investors like Fiduciaria SA.
• RioCan REIT: Canada's largest retail REIT with a focus on high-traffic retail properties. Comparable to SIDEV's Centre D Drummondville retail anchor strategy (Costco, Club Piscine) and Saint Catherine Street retail corridor exposure.

Others

• Colliers International (Quebec operations): Global commercial real estate services firm providing brokerage and property management. Comparable as an indirect competitor/partner to SIDEV's in-house leasing team and channel broker relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/sidev

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Sidev