The Arpeg Group of Companies

What The Arpeg Group of Companies does

The Arpeg Group of Companies is a privately held, family-owned real estate company headquartered in Vancouver, British Columbia, founded in 1956 by Arne and Peggy Mathisen and operated continuously for four generations under their stewardship. The company owns, operates, develops, and leases residential, commercial, and agricultural real estate across British Columbia and Washington State through three operational pillars: a residential portfolio of 750+ rental homes, a commercial portfolio anchored by And-Co Offices and mixed-use heritage retail, and a development arm focused on ground-up and heritage-revitalization projects. Its named residential assets include The Beverley (150 units, New Westminster), The Mariner (74 units, Comox), The Ritz (96 SRO suites, Victoria), Prince of Wales (38 units, Seattle), BCCL (19 micro-suites, Vancouver), and Sullivan Houses (Crescent Beach); commercial assets include And-Co Offices (28,000 sq. ft., Canada's only WELL Platinum certified coworking site) and heritage retail at 702, 706, and 714 Fort Street in Victoria.

Underlying capabilities center on heritage preservation methodology — exemplified by the relocation of an Art Deco boardroom into the Cardero tower — and the proprietary BeyondWalls™ community framework that standardizes on-site management, monthly resident events, and pet-friendly operations across every property. Development pipeline includes Douglas & Fort (2028), Comox Street (2029), Fairfield Block (Q2 2025 occupancy), and the 26-floor Cardero joint venture with Bosa Properties, which achieved LEED Gold certification.

The revenue model is predominantly recurring: long-duration residential rental income (backed by a 6-year average tenancy and 48% resident retention at 5+ years), subscription-based coworking and commercial lease income, and episodic one-time development proceeds. Distribution is direct-to-consumer, with on-site Community Managers at every property, individual property websites, online application portals, and Matterport virtual tours, supplemented by organic community-led marketing via the @arpegbeyondwalls Instagram channel and the BeyondWalls blog. The Mathisen Family Private Foundation (established 2014) extends family governance into philanthropy across six pillars. Pricing is not publicly disclosed; prospective tenants are routed through [email protected] or property-specific contacts.

Name

The Arpeg Group of Companies

Legal name

Arpeg Group of Companies

Website

https://arpeg.com

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

11–50 employees

Short description

The Arpeg Group of Companies is a Vancouver-based, four-generation family-owned real estate company that owns, operates, and develops 750+ residential rental units, commercial coworking and retail space, and heritage properties across British Columbia and Washington State under its proprietary BeyondWalls community framework.

Ownership category

akta.pro rank

Product category

Residential Real Estate and Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Rental and Leasing Services (532), Management of Companies and Enterprises (55111)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Land Subdividers & Developers (No Cemeteries) (6552), Services-Facilities Support Management Services (8744), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Residential property management
• Commercial real estate leasing
• Heritage building preservation
• Coworking office space
• Real estate development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Rental Income: Long-term rental income from 750+ residential units across British Columbia and Washington State, including apartments, micro-suites, and heritage buildings. Properties include The Beverley (150 units), The Mariner (74 units), The Ritz (96 SRO suites), Prince of Wales (38 units), BCCL (19 micro-suites), and Sullivan Houses (4 homes). Revenue is recurring, driven by long average tenancy of 6 years and 48% resident retention rate of 5+ years.
2. Commercial Coworking Memberships: And-Co Offices generates revenue through flexible coworking memberships, private office leases, and event space rentals. The 28,000 sq. ft. WELL Platinum certified facility offers 20 private office spaces with amenities including breakfast service, fitness classes, and networking events.
3. Commercial Retail and Office Leasing: Revenue from leasing commercial ground-floor retail spaces (e.g., Cactus Club Café at 702 Fort Street, Stevenson's Shoe Clinic, Olde N Gold Antiques) and upper-floor office/retail units in mixed-use heritage properties.
4. Development and Redevelopment: Ground-up development and heritage revitalization projects including Douglas & Fort (2028 delivery), Fairfield Block (Q2 2025 occupancy), Comox Street (Q2 2029), Cardero (with Bosa Properties joint venture), and The Beverley. Projects include both residential and commercial components.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

The Arpeg Group of Companies owns, develops, and manages a portfolio of over 750 residential rental homes, commercial properties, and agricultural land across British Columbia and Washington State. Residential offerings include apartments, micro-suites, SRO rooms, and heritage buildings managed by on-site Community Managers under the BeyondWalls community framework. Commercial operations include And-Co Offices (Canada's first WELL Platinum certified coworking space), heritage retail, and mixed-use spaces. The company also operates Arpeg Farms and runs development projects such as Cardero and Fairfield Block.

Product overview

The Arpeg Group of Companies is a family-owned real estate company operating since 1956 with a portfolio of residential, commercial, and agricultural properties across British Columbia and Washington State. The company offers over 750 residential rental units managed through dedicated on-site Community Managers, including named properties such as The Beverley, The Mariner, The Ritz, Prince of Wales, BCCL, and Sullivan Houses. Commercial operations include And-Co Offices (Canada's only WELL Platinum certified coworking space), retail spaces, and heritage properties. Development projects include Cardero (a LEED Gold certified building in Vancouver), Fairfield Block (affordable housing in Victoria), Douglas & Fort, and Comox Street. The portfolio is unified under a community-first approach branded as BeyondWalls, with the Mathisen Family Private Foundation supporting six pillars of giving back to local communities.

Differentiator

Problem solved

Functional benefit

Brands

• And-Co: Canada's first WELL Platinum certified coworking space located at 1575 West Georgia Street in Vancouver, BC. A purpose-built workspace transforming traditional workspaces into vibrant hubs for creativity and collaboration.
• BeyondWalls
• Arpeg Farms

Products and services

• The Beverley A 19-storey modern rental community in New Westminster, BC featuring 150 units (bachelors, 1-bedroom, 2-bedroom, and 3-bedroom apartments) with amenities including a fitness room, rooftop deck, theater room, and pet-friendly policies. Built around a preserved 1927 heritage facade.
• The Mariner A 4-storey apartment building with 74 suites overlooking Comox Harbour on Vancouver Island, featuring one and two-bedroom suites with water views, on-site management, and community events.
• The Ritz Hotel A vintage 5-storey brick heritage building constructed in 1911, offering 96 SRO suites and shared bathrooms in the heart of downtown Victoria, BC.
• Prince of Wales A 38-unit residential building on Seattle's Capitol Hill offering studio and one-bedroom homes with amenities including a library, controlled access, bike racks, and a pet washing station.
• BCCL (BC Collateral & Loan Co.) A heritage-designated building from 1902 in Vancouver's downtown eastside featuring 19 single occupancy micro-suites ranging from 225 to 369 sq. ft. with communal amenities.
• Sullivan Houses Four two-storey residential homes in Crescent Beach, BC, each with 3+ bedrooms, 3 bathrooms, back decks, and driveway parking, located near the beach.
• And-Co Offices Canada's first and only WELL Certified Platinum coworking space, spanning two floors with 28,000 sq. ft. and 20 private office spaces, emphasizing wellness, collaboration, and community for remote professionals and small businesses.
• 702 Fort Street & 1125 Douglas Street A modern Class B three-storey mixed-use site in downtown Victoria with 8 units, street-level retail space leased to Cactus Club Café, and renovated upper floors with abundant natural light.
• 706, 714A, & 714B Fort Street Ground floor commercial spaces leased to three businesses including Stevenson's Shoe Clinic (since 1998), Olde N Gold Antiques and Jewellery, and a newly renovated space.
• 73 & 77 East Hastings Street

Quantifiable outcome

• Average resident tenancy of 6 years with 48% of residents staying 5+ years
• +4 more outcomes

Named customers7 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

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Henriquez Partners ArchitectscoreStrategic or Co-development Partner · 1 August 2020Architecture firm responsible for the Cardero building design. The project won the Grand Prix Winner for Architecture in the 2022 Grand Prix du Design Awards.
• Bosa PropertiesflagshipStrategic or Co-development PartnerJoint venture partnership for the Cardero development at 620 Cardero Street in Vancouver. Bosa Properties handled residential development while Arpeg Group controls and manages the bottom 5 floors (198,000 sq. ft. of office space). The 26-floor building includes 119 residences and 10,200 sq. ft. of commercial space.
• Delta Chamber of CommerceminorStrategic or Co-development PartnerThe Chamber supports Delta's agricultural community, advocating for economic importance of agriculture. Arpeg Farms operates in the Delta region and supports local agricultural initiatives.
• Delta Wildlife and TrustminorStrategic or Co-development PartnerOrganization partnering with farmers to balance wildlife conservation with agricultural practices, promoting sustainable land use in Delta region where Arpeg Farms operates.
• Fresh to Families FundminorStrategic or Co-development PartnerInitiative connecting families with fresh, local food, supporting both farmers and food-insecure households. Part of Vancouver City Community Foundation.
• Delta Hospital and Community Health FoundationminorStrategic or Co-development PartnerFoundation enhancing healthcare in Delta with initiatives promoting access to fresh, local produce benefiting patients and local agriculture.
• Brent Kelly FarmsminorStrategic or Co-development PartnerFour-generation family farm in Delta, BC since 1898, part of BCfresh farm family growing potatoes, corn, peas, beans, beets, and various fruits and flowers.
• 4-H CanadaminorStrategic or Co-development PartnerArpeg Farms supports 4-H youth development programs including Mission 4H Beef Club, Langley Lamb and Woolcraft 4H, Spady Farms, and BC Youth in Agriculture. Programs teach youth about agriculture through hands-on experiences.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Wesgroup Properties: BC-based residential developer, owner, and manager with rental apartment portfolio. Comparable geographic focus on Lower Mainland and similar mix of build-to-rent and mixed-use projects.
• Bosa Properties: Major Vancouver-based residential and mixed-use developer that is Arpeg's JV partner on the Cardero development. Highly comparable in BC geographic focus, mixed-use development approach, and scale of residential projects.
• Concert Properties: BC-focused residential rental and condominium developer and owner with long-term hold philosophy. Comparable patient capital approach and mixed residential/commercial portfolio strategy.
• Mainstreet Equity Corp: Canadian residential rental REIT with value-add apartment strategy across BC, Alberta, and Ontario. Comparable mid-market rental apartment focus, though at much larger scale and public-market structure.
• Reliance Properties: Vancouver-based owner-operator specializing in heritage building renovation and character rental properties. Highly comparable heritage preservation expertise and residential rental focus.

Regional players

• Cressey Development Group: Vancouver-based residential and mixed-use developer with both rental and condominium expertise. Comparable BC focus and integrated development-through-management capabilities.
• Peterson Group: BC-based real estate developer and operator with residential rental, commercial, and mixed-use properties. Similar long-term family ownership philosophy and Pacific Northwest geographic focus.
• Polygon Homes: BC's largest residential homebuilder primarily focused on condominiums and townhomes. Comparable BC geographic focus but heavier on for-sale product versus Arpeg's rental and heritage hold strategy.

Broad incumbents

• Boardwalk REIT: One of Canada's largest residential landlords with multi-family rental apartments across Alberta, BC, and Saskatchewan. Comparable rental apartment business model though at institutional scale.
• Onni Group: Large Vancouver-based real estate developer with residential rental, condo, and commercial holdings across Pacific Northwest. Significantly larger scale than Arpeg but operates in the same geography and asset classes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/arpeg-group-of-companies
• Instagraminstagram.com/arpegbeyondwalls

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 The Arpeg Group of Companies