Highfield Investment Group

What Highfield Investment Group does

Highfield Investment Group Inc. is a privately held, Munro-family-controlled diversified investment company headquartered in Calgary, Alberta, with origins in Theologian Management Ltd. founded by David Munro in 1976 and reorganized under its current name in 2015. The company operates five core business lines: Land Management and Industrial Construction (anchored by the 1,500-acre High Plains Industrial Park east of Calgary and the newer East Points Commercial Centre near Airdrie, leased to Walmart, Sobeys, Home Depot, Conagra, Rona, Smuckers and Crane Worldwide Logistics); Residential Communities under the Highfield Communities brand, developing master-planned projects including Spring Valley (~800 acres in Airdrie), Hudson in Pine Creek (~160 acres in Calgary), and Ribstone Ranch (914 acres, 2,600 homes at full buildout); Residential Construction delivered through builder partnerships such as Distinctive Homes in Canmore; Commercial Leasing and Property Management; Hospitality via the Hotel Arts Group (Hotel Arts, Kensington Riverside Inn, Oxbow, Freestyle Social Club, Yellow Door Bistro); and Energy Services through wholly owned Select Energy Systems Inc., which provides coiled tubing completion systems and well optimization across Western Canada, the United States and international markets. Equine operations are run through the 1,000-acre Highfield Stock Farm near Okotoks, recognized as a leading breeder of Alberta-bred thoroughbreds by earnings in 2010, 2013, 2015 and 2016. The portfolio spans more than 5,000 acres of controlled land and serves enterprise industrial tenants, residential builders and home buyers, oil and gas operators, hospitality guests, and thoroughbred racing stakeholders.

The company makes money through a mix of recurring and transactional streams: multi-year commercial and industrial leases at High Plains and other Calgary-area assets generate recurring rental income; one-time land and home sales flow from master-planned community development and residential construction joint ventures; ongoing hospitality revenue comes from direct operation of boutique hotels and restaurants; transaction-fee revenue is earned by Select Energy Systems through oilfield service contracts and by Highfield Stock Farm through thoroughbred sales (including a $925,000 Twirling Candy colt at the 2023 Keeneland September Yearling Sale). Go-to-market is primarily direct B2B for industrial leasing and energy services, channel-partner-based for residential construction, and direct operations for hospitality and equine. The firm is privately held by the Munro family with no external institutional investors disclosed; leadership comprises David W. Munro (CEO), Adrian W. Munro (President), Philip Forster (CFO), Leslie O'Neill (Chief People Officer), Edwin Ngo (Chief Accounting Officer), and operational directors. In January 2026 Highfield and partners CLT Development and Trico closed on the 549-acre River Lands acquisition in Foothills County, and an NSERC-funded High Plains Conservation Park research initiative with Olds College and CIMA+ is underway, signaling continued expansion of the land bank and environmental innovation pipeline.

Name

Highfield Investment Group

Legal name

Highfield Investment Group Inc.

Website

https://www.highfieldig.ca/

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Highfield Investment Group is a privately held, Munro-family-controlled diversified investment company headquartered in Calgary, Alberta, operating across land development, industrial and commercial leasing, residential construction, hospitality (Hotel Arts Group), energy services (Select Energy Systems), and thoroughbred breeding (Highfield Stock Farm) across Western Canada and select international energy markets.

Ownership category

akta.pro rank

Product category

Diversified Real Estate Investment

NAICS

Other Financial Vehicles (52599), Other Financial Investment Activities (5239)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Investment Sales (Income-Producing Properties) (FSAEAJAC)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)

Keywords

• Real estate development
• Industrial property leasing
• Commercial property management
• Hospitality operations
• Oilfield services

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development: Revenue generated from residential and commercial land development, including master-planned communities, industrial land sales, and residential construction projects across Calgary, Airdrie, and Canmore regions.
2. Commercial & Industrial Property Management: Ongoing revenue from commercial leasing and property management services across the company's portfolio of industrial and commercial properties in Calgary and surrounding areas.
3. Hospitality Operations: Revenue from ownership and management of boutique hotels (Hotel Arts, Kensington Riverside Inn) and restaurant venues (Oxbow, Freestyle Social Club, Yellow Door Bistro, Gallery at Hotel Arts).
4. Energy Services (Select Energy Systems): Revenue from coiled tubing completion systems and well optimization services to the oil and gas industry across Western Canada, United States, and international markets.
5. Thoroughbred Operations: Revenue from thoroughbred horse breeding, boarding, sales (including high-value yearling sales at Keeneland), and racing stable operations at Highfield Stock Farm near Okotoks.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Highfield Investment Group is a privately held, diversified investment company that acquires, develops, owns, and operates assets across real estate (industrial land, commercial property, residential communities), hospitality (boutique hotels and restaurants), oil and gas services (through Select Energy Systems), and thoroughbred breeding (through Highfield Stock Farm). Its core revenue drivers are commercial and industrial property leasing and management, residential land and community development, and operating oilfield service contracts.

Product overview

Highfield Investment Group is a diversified, privately held investment company operating a multi-segment portfolio of real estate, energy services, hospitality, and equine operations. The company functions as a platform combining land development and property management services with industry-specific subsidiaries. Core business segments include Land Management (strategic land stewardship across Calgary), Highfield Communities (residential community development including Hudson in Pine Creek, Spring Valley, Ribstone Ranch), Residential Construction (single-family and multi-family projects via builder partnerships), Commercial Leasing & Property Management (turnkey solutions for commercial and industrial properties), and Industrial Construction (vertical development of distribution and manufacturing facilities at High Plains Industrial Park). Hospitality operations include Hotel Arts, Kensington Riverside Inn, Oxbow, Freestyle Social Club, and Yellow Door Bistro. Energy services are delivered through Select Energy Systems Inc. (coiled tubing completion systems and well optimization). Equine operations run through Highfield Stock Farm (thoroughbred breeding and racing).

Differentiator

Problem solved

Functional benefit

Brands

• Highfield Communities: Residential community development brand focusing on building legacy communities in Calgary and surrounding region.
• Select Energy Systems
• Hotel Arts
• Kensington Riverside Inn
• Hotel Arts Kensington
• Oxbow
• Freestyle Social Club
• Yellow Door Bistro
• High Plains Industrial Park
• East Points Commercial Centre

Products and services

• Land Management Dedicated division maximizing the long-term value and potential of land assets through responsible stewardship, strategic planning, and community growth. Manages land holdings across Calgary and the surrounding region in partnership with municipalities, builders, and industry partners to position each property for sustainable development and lasting impact.
• Industrial Construction Industrial vertical construction of modern distribution centers, manufacturing facilities, and logistics hubs built to enterprise tenant specifications. Properties developed include High Plains buildings 1-11, Walmart Canada, Lowe's Canada Distribution Centre, PEAK Products facility, CHEP Canada facility, Canada Cartage, Calgary Logistics, and Mikhaiel Logistics.
• Commercial Leasing & Property Management Turnkey property management solutions in Calgary and surrounding areas covering daily operations, lease administration, and financial administration for commercial and industrial properties including Douglasdale Executive Centre, Gallery at Hotel Arts, Southeast Industrial Property, and supporting residential holdings.
• Residential Construction Residential construction delivering thoughtfully designed single-family and multi-family projects in Calgary, Canmore, and beyond through partnerships with trusted builders including Canmore's premier Green Certified builder, Distinctive Homes. Targeted at families seeking quality homes in master-planned communities.
• Highfield Communities Residential community development brand building legacy communities across Calgary, Airdrie, Canmore, and Foothills region through sustainable greenfield development of comprehensive residential communities and integrated industrial business parks. Active developments include Hudson in Pine Creek, Spring Valley, Glacier Ridge, Damkar 130, Aldersyde, Ascension, and Ribstone Ranch.
• Select Energy Systems Inc. Oil and gas services company providing live well and shallow gas coiled tubing completion services including coiled tubing wellheads, SAGD (Thermal) wellheads, Cold Oil Production wellheads, and well optimization solutions for oil and gas operators across Western Canada, the United States, and international markets.
• Hotel Arts High-end boutique hotel in Calgary operated by Highfield Investment Group as general partner. Targeted at travellers, tourists, and local guests seeking premium boutique accommodations.
• Kensington Riverside Inn High-end boutique hotel in Calgary's Kensington neighborhood operated by Highfield Investment Group as general partner. Targeted at travellers and tourists seeking boutique accommodations in the Kensington district.
• Oxbow Restaurant Restaurant venue operated by Highfield Investment Group as part of its hospitality portfolio; targeted at diners seeking fine dining experiences.
• Freestyle Social Club Restaurant and social venue operated by Highfield Investment Group as part of its hospitality portfolio; targeted at patrons seeking upscale dining and social experiences in Calgary.
• Yellow Door Bistro Restaurant venue operated by Highfield Investment Group as part of the Hotel Arts Group hospitality portfolio; targeted at hotel guests and local diners.
• High Plains Industrial Park 1,500-acre master-planned industrial park serving as a regional hub for western Canada distribution centers and e-commerce fulfillment facilities. Tenant base includes Walmart, Sobeys, Home Depot, Conagra, Rona, Smuckers, and Crane Worldwide Logistics.
• East Points Commercial Centre Master-planned commercial area located east of Airdrie, Alberta for new distribution centers and light manufacturing facilities. Targeted at enterprise distribution and light-manufacturing tenants in the Calgary region.
• Highfield Stock Farm Premier thoroughbred breeding, boarding, sales, and racing stable facility operated on 1,000 acres near Okotoks, Alberta with irrigated pastures, individual paddocks, and a state-of-the-art breeding complex. Recognized as one of Western Canada's most successful thoroughbred operations and Leading Breeder of Alberta-Bred Runners by Earnings in 2010, 2013, 2015, and 2016.
• Hudson in Pine Creek Residential Community Residential community south of 210 Avenue SW in Calgary comprising approximately 160 acres of future residential and environmental reserve uses, with 40% interest in an adjacent 320-acre assembly. Over 50% of community land is designated as environmental reserve. Targeted at home buyers seeking environmentally rich communities.
• Spring Valley Residential Community Approximately 800-acre residential development on eastern edge of Airdrie, surrounded by natural green spaces and future community amenities. Targeted at home buyers seeking walkable, outdoor-oriented communities in one of Alberta's fastest-growing cities.
• Ribstone Ranch Residential Community Master-planned community on 914 acres of rolling foothills in the Municipal District of Foothills. Cluster residential development encompassing 2,600 homes at full build-out, with picturesque rolling hills and Snake Creek views of the Rocky Mountains and downtown Calgary. Targeted at home buyers seeking foothills living with mountain access.
• River Lands Community Initiative Collaborative community and charitable land initiative on a 549-acre parcel in Foothills County fronting the Highwood River, in partnership with CLT Development, Trico, Centre Street Church, and Narrow Road Home addiction treatment facility. Targeted at supporting community and charitable programs including a seasonal recreational campground and equine-based addiction therapy.

Quantifiable outcome

• Leading Breeder of Alberta-Bred Runners by Earnings in 2016, 2015, 2013, and 2010
• +1 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core, strategic and minor.

• CIMA+coreStrategic or Co-development Partner · 2 February 2026Engineering and technical partner for the High Plains Conservation Park research project with Olds College, contributing to stormwater management research and environmental solutions.
• CLT DevelopmentcoreStrategic or Co-development Partner · 23 January 2026Collaborative purchase with CLT Development for the 549-acre River Lands acquisition in Foothills County, representing a meaningful opportunity to support community and charitable initiatives.
• TricocoreStrategic or Co-development Partner · 23 January 2026Collaborative purchase with Trico for the 549-acre River Lands acquisition. Partnership focused on community and charitable land use development near the Highwood River.
• Centre Street ChurchstrategicStrategic or Co-development Partner · 23 January 2026Partnership with Centre Street Church for the River Lands project, planning a seasonal recreational campground for prayer, healing, and connection for their congregation.
• Narrow Road HomestrategicStrategic or Co-development Partner · 23 January 2026Partnership with Narrow Road Home addiction and treatment facility in High River, supporting expansion with a women's treatment program including equine-based therapy and healing through barn and arena development.
• Pin Oak StudstrategicStrategic or Co-development Partner · 20 September 202350% partnership with Pin Oak Stud in the Twirling Candy Colt sold for $925,000 at Keeneland September Yearling Sale. Pin Oak Stud was the buyer in this landmark transaction.
• Paramount SalesminorChannel Partner/ Reseller/ Distributor · 20 September 2023Consignment partner for the $925,000 Twirling Candy Colt at Keeneland sale. Paramount Sales provided exceptional work managing the yearling.
• Olds CollegecoreStrategic or Co-development PartnerStrategic partnership with Olds College for the High Plains Conservation Park eco-stormwater system research project. Adrian Munro spearheaded development of a pioneering cold-climate wetlands research project through this partnership. The research project studying stormwater drainage and management systems was approved for funding by NSERC (Natural Sciences and Engineering Research Council of Canada).
• Distinctive HomescoreStrategic or Co-development PartnerPartnership with Distinctive Homes, Canmore's premier Green Certified builder, for residential construction projects. Distinctive Homes serves as the trusted builder for residential projects in Canmore including Three Sisters Mountain Village developments.
• Canadian Thoroughbred Horse SocietycoreChannel Partner/ Reseller/ DistributorAdrian Munro serves as President of the Canadian Thoroughbred Horse Society. Farm purchases horses from reputable auctions including Canadian Thoroughbred Horse Society and Keeneland.
• Select Energy SystemscoreOthersHighfield owns Select Energy Systems Inc. as their oil and gas industry holding. Select was incorporated in 1988 and specializes in coiled tubing completion services across Western Canada, US, and international markets.

Scale indicators10 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Melcor Developments: Calgary-headquartered diversified real estate developer with community, commercial, and industrial development across Western Canada. Highly comparable to Highfield given similar Alberta base, master-planned community approach, and multi-vertical business model.
• Dream Industrial REIT: Canadian REIT focused on industrial and logistics properties, including significant Western Canadian exposure. Directly comparable to Highfield's High Plains Industrial Park business given shared tenant profile (Walmart, Home Depot-type distribution users) and industrial asset focus.
• Morguard Corporation: Canadian diversified real estate company owning and managing a portfolio of office, retail, industrial, and multi-family properties. Comparable to Highfield as a privately controlled, multi-vertical Canadian real estate investor with both direct ownership and property management.
• Anthem Properties: Vancouver-based diversified real estate developer with residential, commercial, and industrial projects across Western Canada. Comparable to Highfield's master-planned community and commercial development operations in Calgary, Airdrie, and Canmore.
• Trico Developments: Calgary-based real estate developer and Highfield's joint venture partner on the River Lands acquisition. Directly comparable across residential and commercial development in the Calgary region, including multi-family projects.
• Hopewell Real Estate Services: Calgary-based residential and commercial real estate developer active in Western Canada. Comparable to Highfield as a Western Canadian developer with diversified residential and commercial operations and a similar Calgary headquarters.
• WPT Industrial REIT: Canadian industrial-focused REIT with distribution and logistics properties concentrated in Western Canada. Directly comparable to the High Plains Industrial Park business given shared industrial asset class and Western Canadian geographic exposure.

Broad incumbents

• Brookfield Asset Management: One of the world's largest alternative asset managers with significant real estate, renewable energy, and infrastructure operations including in Western Canada. Relevant as a much larger incumbent in the same broad categories of real estate ownership, energy services, and capital deployment.
• First Capital REIT: Canadian REIT focused on grocery-anchored and mixed-use retail properties. Comparable to Highfield as a Canadian commercial property owner and manager, though operating at much larger scale and with a retail-specialized rather than diversified industrial/residential mix.
• Prologis: Global industrial REIT and the largest owner of logistics real estate in the world. Relevant as a broad incumbent in the industrial/logistics segment that competes for the same enterprise distribution tenants (Walmart, Home Depot) that Highfield serves at High Plains.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HighfieldCommunities

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Highfield Investment Group