Springer

What Springer does

The Springer Group of Companies is a privately held, family-owned real estate firm headquartered at 159 Princess Street in Kingston, Ontario, operating since the 1930s and currently in its third generation of Springer family leadership under co-Presidents Bryon Springer and Doug Springer. The company acquires, develops, revitalizes, and manages commercial, industrial, and residential properties across Kingston, Belleville, and southeastern Ontario, and has built a portfolio spanning multiple asset classes — residential apartments in the Greater Kingston area, office and retail space on Princess Street and Bath Road, downtown monthly parking facilities, and four+ named development sites including a rare waterfront parcel at 1 Queen Street adjacent to the Wolfe Island Ferry. Affiliate interests extend into hospitality (Delta Hotels by Marriott Kingston Waterfront, Quality Inn, Comfort Suites, two Holiday Inn Express properties, and Diamond Hotels Management), for-sale residential (Sage Prestige Condos, Crown Kingston), and community assets (Springer Market Square, the 1000 Islands Playhouse, and the Kingston Frontenacs OHL franchise held since 1973).

Revenue is generated primarily through recurring rental streams — residential leases at $1,795–$2,795/month on standard 12-month terms, commercial space at $10–$20/sq ft net, and monthly parking at $122–$195/month — supplemented by managed-services income from affiliated hotels and Diamond Hotels Management, ancillary maintenance services for tenants, and affiliate-driven hospitality and entertainment economics. Go-to-market is mixed: a direct-to-consumer rental portal (apartments.springergroup.com) and in-house leasing team serve residential customers, broker partnerships (RTC Realty, Royal LePage) distribute commercial listings, and enterprise field sales engage corporate tenants and development partners. The company employs 11–50 staff and operates without disclosed external capital, parent company, or public financial reporting.

The underlying technology stack is conventional rather than proprietary: DocuSign handles lease execution, a securecafe-based resident portal manages tenant services, iGuide and video tours support virtual apartment viewings, and standard WordPress/web infrastructure powers marketing. The differentiator is not technology but the firm's 90-plus years of accumulated local intelligence — municipal relationships, demographic and topographic knowledge, and a community-facing ecosystem of cultural and sporting assets that competitors cannot easily replicate. No AI/ML, API platform, or proprietary software product is disclosed.

Name

Springer

Legal name

Springer Group of Companies

Website

https://springergroup.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

11–50 employees

Short description

Springer Group of Companies is a family-owned Kingston, Ontario real estate firm that develops, owns, and manages residential, commercial, industrial, and parking properties, with affiliate interests in hotels, condominiums, and community/cultural assets across southeastern Ontario.

Ownership category

akta.pro rank

Product category

Real Estate Property Management and Development

NAICS

Management of Companies and Enterprises (55111), Corporate, Subsidiary, and Regional Managing Offices (551114), Offices of Other Holding Companies (551112), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate (6500), Operators Of Nonresidential Buildings (6512), Operators Of Apartment Buildings (6513), Real Estate Dealers (For Their Own Account) (6532), Non-Operating Establishments (9995)

akta.pro primary industry

Franchise Ownership Groups & Multi-Club Organizations (Multi-team owners, holding companies) (MPAKABAJ)

akta.pro secondary industry

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

Keywords

• Property management services
• Commercial real estate leasing
• Residential apartment rentals
• Property development services
• Hotel hospitality investments

Headquarters

HQ city

Kingston

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Rental: Revenue generated from leasing residential apartments and homes to individuals and families in the Greater Kingston area. Standard 12-month lease terms with occasional 8-month options. Includes tenant incentive programs such as early notice rewards (25% of one month's rent) and referral rewards.
2. Commercial Property Rental: Revenue from leasing office, retail, personal services, and industrial commercial spaces in Kingston and Belleville. Properties are leased at various rates per square foot ($10-$20/sq ft net).
3. Monthly Parking Services: Revenue from operating parking lots in downtown Kingston. Daytime rates from $122-$144/month plus HST, full-time rates from $158-$195/month plus HST.
4. Property Maintenance Services: Comprehensive maintenance services for residential and commercial tenants including routine maintenance, major renovations, HVAC, landscaping, snow removal, and emergency repairs.
5. Hotel/Hospitality Investments: Revenue from affiliated hotels including AquaTerra restaurant, Delta Hotels Kingston Waterfront, Quality Inn, Comfort Suites, Holiday Inn Express Kingston and Sault Ste. Marie, and Diamond Hotels Management.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Springer Group of Companies is a family-owned property development and management firm that acquires, develops, leases, and manages residential, commercial, and industrial real estate in Kingston, Belleville, and southeastern Ontario. Its core services include leasing apartments and homes to individuals and families, leasing office, retail, and industrial space to commercial tenants, providing in-house property maintenance, and operating monthly downtown parking facilities. The firm also maintains affiliate investments in hotels (Delta by Marriott, Holiday Inn Express, Quality Inn, Comfort Suites) and the Kingston Frontenacs OHL hockey franchise.

Product overview

Springer Group of Companies is a family-owned property development and management firm operating as a platform of integrated services. The core offerings include Residential Property Rental (apartments in the Greater Kingston area), Commercial Property Services (office, retail, and industrial leasing and development), and Maintenance Services (comprehensive property maintenance and emergency repairs). Additional services include Tenant Incentive Programs (early notice and referral rewards), Monthly Parking Services (downtown parking facilities), and various Development Land properties for commercial construction. The company also maintains affiliate brands including hotel properties (Delta Hotels, Holiday Inn Express, Quality Inn, Comfort Suites), residential condominiums (Sage Prestige, Crown Kingston), and the Kingston Frontenacs OHL hockey team. The portfolio spans multiple property types across Kingston and Belleville, Ontario.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Property Rental Rental apartments and residential units in the Greater Kingston area, offering personalized service, responsive maintenance, security and peace of mind for families, executives, seniors, and Queen's University students. Standard 12-month leases (8-month options occasionally available).
• Commercial Property Services Commercial, retail, and industrial property leasing, development, build-to-suit, and revitalization services for corporate and local business clients in Kingston, Belleville, and southeastern Ontario. Includes office, personal services, and retail space at rates of $10-$20 per sq ft net.
• Maintenance Services Comprehensive property maintenance for residential and commercial tenants including routine maintenance, major renovations, HVAC, landscaping, snow removal, parking management, and emergency repairs, delivered through an in-house team.
• Monthly Parking Services Monthly downtown Kingston parking facilities at Barrack Street, Queen Street, and Princess Street locations, with daytime/weekday rates from $122-$144/month plus HST and 24/7 full-time rates from $158-$195/month plus HST.
• Hotel Affiliates Portfolio

Quantifiable outcome

• Produced 100+ NHL players from Kingston Frontenacs hockey team
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• AquaTerra at Delta Hotels by Marriott Kingston WaterfrontcoreStrategic or Co-development PartnerRestaurant located at the Delta Hotels by Marriott Kingston Waterfront. One of Kingston's most acclaimed restaurants. Part of Springer's hospitality investment portfolio.
• Delta Hotels by Marriott Kingston WaterfrontcoreStrategic or Co-development PartnerPremier hotel at Kingston waterfront. Springer affiliate operating under the Marriott brand. Premium accommodations partner.
• Quality Inn & Conference Centre Kingston CentralminorStrategic or Co-development PartnerHotel affiliate property offering conference facilities in central Kingston location.
• Comfort Suites Kingston CentralminorStrategic or Co-development PartnerHotel affiliate property in Kingston Central area.
• Holiday Inn Express & Suites Kingston CentralminorStrategic or Co-development PartnerHoliday Inn Express affiliate hotel in Kingston Central, operating under IHG brand.
• Holiday Inn Express Sault Ste. MarieminorStrategic or Co-development PartnerHoliday Inn Express affiliate hotel in Sault Ste. Marie, extending Springer's hospitality presence beyond Kingston.
• Diamond Hotels Management Inc.minorStrategic or Co-development PartnerHotel management company operating Springer's hospitality properties. Website: diamondhotels.ca
• Sage Prestige CondosminorStrategic or Co-development PartnerCondominium development in Kingston. Sage Prestige Condos at sagekingston.ca.
• Crown Condos / Capitol KingstonminorStrategic or Co-development PartnerCondominium property investment. Crown Kingston condos at mycrowncondoskingston.com.
• Kingston FrontenacscoreStrategic or Co-development PartnerOHL hockey team. Integral component of Kingston's sporting past, present and future. Member of OHL since 1973. Has produced 100+ NHL players and won OHL East Division title twice. Community engagement through sports.
• 1000 Islands PlayhousecoreStrategic or Co-development PartnerCultural institution in Gananoque. Beloved community theatre owned/endowed by Springer Group. Part of Springer's commitment to community cultural development.
• Springer Market SquarecoreStrategic or Co-development PartnerCommunity market space operated by Springer Group. Charitable and philanthropic endeavor supporting local vendors and community engagement.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Minto Group: Private family-owned Canadian real estate developer and property manager headquartered in Ottawa. Closely comparable as a privately-held multi-generation family firm operating residential and commercial properties in Ontario.
• Killam Apartment REIT: Canadian multi-family apartment operator with a regional portfolio across Atlantic Canada and Ontario. Comparable to Springer in residential rental operations, urban/suburban footprint, and recurring monthly rent model.
• Boardwalk REIT: One of Canada's largest residential rental REITs with multi-family apartments in Ontario, Alberta, Quebec, and Saskatchewan. Comparable multi-family rental operating model and tenant demographic mix.
• Morguard Corporation: Canadian real estate company with diversified multi-sector holdings (residential, commercial, hospitality, retail). Mirrors Springer's diversified property platform with hotel ownership components.
• RioCan Real Estate Investment Trust: One of Canada's largest REITs, focused on retail and mixed-use properties. Comparable to Springer in commercial leasing across Ontario, broker-mediated channels, and tenant mix including anchor retailers and professional services.
• Dream Unlimited: Canadian real estate company with residential, commercial, and recreation assets. Comparable to Springer in operating a mixed-use, mixed-geography portfolio including master-planned communities and commercial properties.
• Canadian Apartment Properties REIT (CAPREIT): Canada's largest residential REIT, with multi-family apartments in Ontario and other provinces. Compares to Springer on residential rental scale, geographic concentration in Ontario, and apartment operations.
• Skyline Apartment REIT: Canadian private REIT with multi-family residential apartments across Ontario. Comparable to Springer in Ontario-focused apartment operations, recurring rental revenue, and tenant mix including families and students.

Others

• Colliers International: Global commercial real estate services and investment firm. Comparable to Springer in commercial real estate brokerage, advisory, and asset management operations across multiple Canadian markets.

Broad incumbents

• Brookfield Property Group: Global real estate operator and investor with extensive office, retail, multifamily, and hospitality holdings. Comparable as a broad incumbent in property ownership, leasing, and mixed-use development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SpringerGroup
• Instagraminstagram.com/springergroup
• LinkedInlinkedin.com/company/the-springer-group-of-companies

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries10 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 Springer