Arnon

What Arnon does

Arnon Development Corporation Limited is a privately held Ottawa-based real estate company founded in the early 1960s that develops, owns, and manages commercial and residential properties across Canada's National Capital Region. The company operates a portfolio of approximately 26 commercial properties — spanning office towers, retail centres, industrial facilities, and flex/warehouse space — alongside three residential apartment buildings, with major assets including a 16-floor, 130,738 sf office tower at 60 Queen Street, an 8-storey, 123,087 sf office building at 2 Constellation Drive, and a 13-floor, 94,102 sf office building at 180 Elgin Street, all concentrated in downtown Ottawa and suburban business parks (Nepean, Hunt Club, Ottawa West). The company serves government departments and Crown Corporations seeking office space near Parliament Hill, private enterprises across retail, professional services, fitness, logistics, and industrial trades, and individual renters in central Ottawa.

The company's service architecture consists of five integrated modules — Property Management, Third Party Management, Investment Management, Asset Management, and Leasing — plus a Development and Land division covering the full project lifecycle from municipal liaison through construction oversight. Operations are powered by the Yardi property management platform for financial reporting, accounting, and property management, complemented by the RentCafe resident and applicant portal for residential leasing. Arnon also uses custom-built computer models and analysis tools for property development planning and evaluation. The firm does not offer a software product, API, or externally-facing technology platform; its technology stack is deployed for internal operations and as part of its third-party management service to property owners.

Arnon's revenue derives primarily from rental income on its owned residential and commercial real estate, supplemented by fee-based third-party management, leasing, and investment advisory services. Pricing is fully quote-based and not publicly disclosed, with all commercial spaces using an 'Inquire' model. The go-to-market motion is direct-to-consumer and relationship-driven: the company maintains dedicated leasing contacts, publishes availability reports and downloadable brochures on its corporate website (arnon.ca), and lists residential units through RentCafe. Customer acquisition relies on Arnon's 60-year reputation in the National Capital Region and its network of institutional and private investors, real estate brokers, appraisers, lenders, and co-venturers.

Name

Arnon

Legal name

Arnon Development Corporation Limited

Website

https://arnon.ca

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Arnon Development Corporation Limited is a privately held Ottawa-based property developer and landlord founded in 1960, operating 26+ commercial properties and three residential apartment buildings across Canada's National Capital Region, with integrated property management, leasing, asset management, and development services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development and Property Management

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Offices of Real Estate Agents and Brokers (5312)

SIC

Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

akta.pro secondary industries

Residential Real Estate Asset Management (BPAJAMAA), Multifamily (Apartment) Property Management (BPAJAGAD), Real Estate Market Research & Economic Advisory (Demand/Supply, Location Analytics) (BPAJANAD)

Keywords

• Commercial property management
• Real estate development
• Residential property leasing
• Asset management services
• Third party property management

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Management Services: Comprehensive management fees for full-service support covering every aspect of property operation including financial reporting, landscape maintenance, cleaning, security, and day-to-day operations for both residential and commercial properties.
2. Third Party Management: Services including leasing support, financial advisory expertise, property management, accounting, and computer systems infrastructure and support for external property owners, contributing to cash flow and profitability improvements.
3. Leasing Services: Leasing division supported by market analysts providing lease modeling and custom marketing strategies for each property to help achieve owner long-term goals.
4. Investment and Asset Management: Unique investment opportunities and asset positioning services leveraging strong market position and network of relationships with institutional and private investors.
5. Rental Income: Revenue from owned residential and commercial properties across the Ottawa portfolio.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Arnon Development Corporation Limited develops, owns, and manages a portfolio of 26+ commercial properties (office, retail, industrial, flex) and 3 residential apartment buildings in Ottawa, Ontario. The company provides full-service property management, third-party management for external owners, leasing, investment management, and asset management, supported by an in-house team of engineers, lawyers, chartered accountants, IT specialists, and project managers. Operations are powered by the Yardi property management platform with the RentCafe resident portal.

Product overview

Arnon Development Corporation Limited (operating as Arnon Development) is a property development and management company headquartered in Ottawa, Ontario, active since the early 1960s. The company operates a portfolio of 26+ commercial properties across Ottawa (including office buildings, retail centres, industrial facilities, and flex/warehouse spaces) and manages 3 residential apartment buildings. Its service architecture consists of five integrated modules: Property Management (powered by the Yardi platform), Third Party Management, Investment Management, Asset Management, and Leasing. These are complemented by a dedicated Development and Land division covering full project lifecycle management. The company does not offer a software platform or API to external customers; it is a real estate operator providing property management as a service, with its technology stack being internal tools (Yardi for financials, RentCafe for resident portals).

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Services Full-service property management covering financial reporting, leasing, tenant relations, and day-to-day operations for both residential and commercial assets, powered by the Yardi property management platform.
• Third Party Management
• Investment Management
• Asset Management
• Leasing Services
• Development and Land Services Full project management for property development in Ottawa, spanning municipal liaison, planning, marketing, and construction oversight, executed by a team of engineers, lawyers, chartered accountants, IT specialists, and project managers.

Quantifiable outcome

• Substantial increases in cash flow and profitability for properties under third-party management care

Named customers14 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

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Colliers International Group: Global real estate services and investment firm with Canadian commercial brokerage, leasing, and property management operations — comparable to the leasing and asset management services Arnon delivers.
• Dream Unlimited Corp: Canadian real estate developer with commercial, residential, and asset management operations — comparable to Arnon's integrated development-and-management model, though operating at national scale.
• Brookfield Property Group: Global commercial real estate owner/operator with significant office exposure — comparable as a large-scale office landlord and asset manager, though much larger and globally diversified.
• CBRE Group: World's largest commercial real estate services firm with Canadian offices in Ottawa — overlaps with Arnon's third-party property management, leasing, and asset management offerings.
• Cominar Real Estate Investment Trust: One of Canada's largest diversified REITs with a substantial Ottawa office and retail portfolio — comparable as a commercial landlord in the same geography, though larger and publicly traded.
• Morguard Corporation: Canadian real estate owner/operator of office, retail, industrial, and multifamily assets across major Canadian markets, including Ottawa — overlapping with Arnon's commercial landlord and management activities at a national scale.
• SmartCentres REIT: Canadian retail-anchored REIT with mixed-use expansion — overlaps with Arnon's retail/commercial leasing exposure and broader property management operations in Canada.

Direct peers

• Minto Group: Ottawa-headquartered real estate developer, landlord, and property manager with multifamily, commercial, and third-party management operations in the National Capital Region — the most direct local comparable to Arnon's integrated development-to-management model.
• Taggart Realty Management: Ottawa-headquartered family-owned real estate developer and landlord with a multi-decade operating history in the National Capital Region — closely comparable to Arnon in geography, ownership profile, and integrated development/management scope.
• Domicile Developments: Ottawa-based condominium and mixed-use developer active in the National Capital Region with adjacent property management capabilities, comparable in scale and geography to Arnon.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ArnonDev
• LinkedInlinkedin.com/company/arnon-development-corporation-limited

Revenue estimate

Valuation estimate

Number of profiles

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 Arnon