What Lerstenen does

Lerstenen is a family-owned Swedish real estate company founded in 1992, headquartered at Storgatan 28 J in Umeå. It is one of the largest property owners in the Umeå market, managing approximately 1,300 residential rental apartments and, prior to a 2025 divestiture, nearly 25,000 square meters of commercial space including offices, retail, and two hotel properties operated under the Elite Hotels brand (Elite Hotell Mimer in Umeå and Elite Plaza Hotell in Örnsköldsvik). Its product set covers apartments ranging from one-room units to five-room family homes, with rents disclosed between roughly 7,934 and 15,087 SEK per month; commercial and hotel premises are leased to business tenants. Apartments are allocated through a queue-based interest-registration system that materially rewards longer-tenured applicants, and tenants access services through a Bank-ID-secured online portal supporting applications, rent payment, and fault reporting.

The company makes money almost entirely from recurring monthly rental income across its residential and commercial portfolios, with occasional one-off property sales (most notably the 2025 sale of 73,000 sqm of commercial assets to listed Swedish landlord Diös, after which Lerstenen became a Diös shareholder). Residential rentals are offered on a direct-to-consumer basis with no intermediaries, while commercial lettings are handled via the in-house team. Ownership is concentrated in the Sällström family, with long-tenured co-investors Forspro AB (Peter Forsberg's family vehicle, partner since 2002) and NickBack AB (Nicklas Bäckström's family vehicle, partner since 2011) providing a capital base that does not require short-term profit distributions. The business model is operationally lean — 11–50 employees, no proprietary technology stack beyond a standard tenant portal, and a near-term development pipeline of roughly 400 additional apartments across Umeå sites including Kv Handlaren (Teg, delivering from February 2027), Kv Guldskrinet (Haga), Kv Brinken (Västra stan), and Kv Sandåkern (Broparken).

Name

Lerstenen

Legal name

Bostadsföretaget Lerstenen Förvaltning AB

Website

https://lerstenen.se

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Lerstenen is a family-owned Umeå-based real estate company that owns and manages roughly 1,300 rental apartments and select commercial and hotel properties in northern Sweden, serving individual tenants, families, and business occupiers through direct monthly rental agreements.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Lessors of Real Estate (5311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

akta.pro secondary industry

Multifamily Brokerage (BPAJABAD)

Keywords

• Residential rental housing
• Commercial property leasing
• Property development
• Real estate management
• Apartment rentals

Headquarters

HQ city

Umeå

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Residential rental income: Rental income from approximately 1,300 residential apartments in Umeå and surrounding areas. Monthly rent payments from tenants.
2. Commercial rental income: Rental income from approximately 25,000 sqm of commercial space including offices, retail, and hotel properties.
3. Property sales: Occasional sales of commercial properties, such as the sale of commercial properties totaling 73,000 sqm to Diös in 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Lerstenen owns, manages, and develops residential and commercial real estate in Umeå and Örnsköldsvik, Sweden. The portfolio comprises approximately 1,300 rental apartments and nearly 25,000 square meters of commercial space, including offices, retail, and hotel properties. The company also executes new construction projects (such as Kv Handlaren with 92 apartments in Teg) and operates a customer portal for tenant services.

Product overview

Lerstenen is a property management company offering a platform of residential rentals, commercial spaces, and parking services across Umeå and Örnsköldsvik. The core offering consists of approximately 1,300 rental apartments (Hyresrätter) and nearly 25,000 sqm of commercial space (Företagslokaler). The company also operates parking services and manages new construction projects including Kv Handlaren (92 apartments in Teg, move-in 2027) and planned developments like Kv Guldskrinet (Haga), Kv Brinken (Västra stan), and Kv Sandåkern. Lerstenen also owns hotel properties including Elite Plaza in Örnsköldsvik and Elite Hotell Mimer in Umeå. Tenants access services through an online customer portal requiring Bank-ID authentication.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Rentals (Hyresrätter) Rental apartments across multiple locations in Umeå, ranging from 1-5 room units. Lerstenen manages approximately 1,300 residential rental units available through a queue-based application system.
• Commercial Spaces (Företagslokaler) Rental of business premises and commercial spaces for companies and organizations, including offices, retail, and select hotel-adjacent properties in Umeå and Örnsköldsvik.
• Parking Services (Parkeringar)

Quantifiable outcome

• One of the largest property actors in Umeå with over 1,300 apartments

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered major and minor.

• DiösmajorChannel Partner/ Reseller/ Distributor · 17 March 2025Commercial property buyer. Lerstenen sold 73,000 sqm of commercial properties including Umestan Företagspark to Diös. Lerstenen became shareholder in Diös as part of the deal.
• Selbergs Entreprenad ABmajorStrategic or Co-development Partner · 1 January 2025Construction partner for the Kv Handlaren project in Teg, Umeå. Building 92 rental apartments together.
• Umeå Driftteknik ABminorImplementation/ SI/ Consulting PartnerProperty maintenance company handling fault reporting and repairs during weekdays 09-12.
• OCAB (Fastighetsjour)minorImplementation/ SI/ Consulting PartnerEmergency property services for urgent issues outside office hours.
• Securitas (Trygghetsjour)minorImplementation/ SI/ Consulting PartnerSecurity services for emergency response outside office hours.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Diös Fastigheter AB: Listed Swedish property company focused on regional cities in northern Sweden (including Umeå and Örnsköldsvik). Diös recently acquired 73,000 sqm of Lerstenen's commercial portfolio and Lerstenen became a Diös shareholder, making it both a transaction counterparty and the most direct regional comparable.
• K2A Knaust & Andersson Fastigheter AB: Swedish residential property company operating a portfolio of apartment buildings and student housing across regional Swedish cities. Closely comparable in scale, asset focus on residential rentals, and geographic concentration outside major metros.
• Magnolia Bostad AB: Swedish residential property developer focused on developing and managing rental apartments and tenant-owner apartments in growth regions of Sweden. Comparable in business model combining development with long-term ownership.

Broad incumbents

• Wallenstam AB: Larger Swedish property company focused on residential and commercial properties primarily in Stockholm and Gothenburg. Operates a comparable residential rental business model but at significantly greater scale.
• Heimstaden AB: One of the largest residential property owners in Europe with a portfolio of more than 160,000 homes across Sweden, Denmark, Germany, and other markets. Operates the same core business of owning and renting residential apartments but at vastly larger scale.
• Stena Fastigheter AB: Major Swedish residential property company with a portfolio of approximately 30,000 rental apartments, primarily in Gothenburg and the Stockholm region. Directly comparable residential rental model at larger scale.
• Rikshem AB: Swedish residential property company owned by AP pension funds, managing a portfolio of approximately 55,000 rental apartments across Sweden. Comparable residential rental focus, but national in scope and much larger scale.
• Willhem AB: Swedish residential property company owned by AP Mäklarna, focused on owning, developing, and managing rental apartments in growth regions of Sweden. Directly comparable business model with broader geographic reach.
• Akelius Residential Property AB: Nordic and European residential property company owning and operating apartments in metropolitan areas including Stockholm, Copenhagen, and Berlin. Comparable in asset class (residential rentals) and tenant focus, though much larger and more geographically diversified.
• Bonava AB: Listed Swedish residential developer building both tenant-owner apartments and rental apartments in the Nordics, Germany, and the Baltics. Comparable in residential development activity but operates at much larger scale and across multiple countries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Lerstenen