Fifth Avenue Properties

What Fifth Avenue Properties does

Fifth Avenue Properties is a private real estate development company that builds, sells, and holds residential and investment properties primarily across North America, with selective projects in Bali and Belize. The company develops single-family homes, townhomes, duplexes, condominiums, purpose-built rental communities, mixed-use projects, and commercial office space, operating across 8 regions: Alberta, British Columbia, Arizona, Arkansas, Florida, Washington, Bali, and Belize. The current portfolio on the corporate website lists 37 named properties, with an aggregate development pipeline of more than 3,500 units, including a build-to-rent vertical of over 1,300 units (Belvedere, Greystone, Baseline, Hazen, Villettas, Siren, Pandosy, Peace Portal, Prince George, Eagleview, and Tillotson Rentals). Pricing spans from approximately $236,900 for entry-level townhomes (Clearwater Park Townhomes) to over $1 million for premium single-family homes and luxury international villas.

The company generates revenue through three primary streams: one-time sales of homes, townhomes, and duplexes; one-time condominium sales; and recurring rental income from the purpose-built rental portfolio. Distribution is direct-to-consumer, executed through show homes, dedicated sales offices in Calgary, Kelowna, Phoenix, and Guadalajara, and property-specific landing pages with contact-based lead capture. The go-to-market relies on the corporate website, virtual tours, floor plans, and direct outreach through regionally tagged development teams rather than third-party broker networks. The product line is reinforced by long-tenured co-development relationships with Tristar Communities (Cimarron Estates spanning 41 phases, Tillotson) and GDS Developments (Greystone master-planned community), plus an interior design partnership with Isabey Interiors on the Portfolio office tower. The firm is registered as private with no parent company, no disclosed funding rounds, no institutional investors, and no public management team roster; the only stated member affiliation is the Canadian Home Builders' Association Central Okanagan.

Name

Fifth Avenue Properties

Legal name

Fifth Avenue Properties

Website

https://fifthaveproperties.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Fifth Avenue Properties is a private real estate developer that builds, sells, and holds single-family homes, condominiums, purpose-built rental communities, and mixed-use projects across North America, with selective luxury developments in Bali and Belize.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Rental and Leasing Services (532), Lessors of Residential Buildings and Dwellings (531110), Lessors of Real Estate (5311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Luxury & High-End Residential Brokerage (BPAJAAAC)

akta.pro secondary industries

Multifamily Apartment Property Management (BPAJAFAA), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Ultra-Luxury Villas & Estates (THAMAEAA)

Keywords

• Residential real estate
• Property development
• Purpose-built rentals
• Master-planned communities
• Condominium development

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Sales - Homes: Fifth Avenue Properties generates revenue primarily through the sale of single-family homes, townhomes, and duplex units across its development portfolio. Properties are sold at various price points ranging from approximately $236,900 to over $1 million depending on property type and location.
2. Condominium Sales: The company sells condominium units in multi-storey towers, generating revenue through one-time property sales at completion or pre-sale stages.
3. Purpose-Built Rental Properties: Fifth Avenue develops and holds purpose-built rental properties, generating recurring rental income from tenants across its portfolio of over 1,300 rental units across multiple developments.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Fifth Avenue Properties is a real estate development company that develops and sells premier residential properties across North America and select international markets. The company builds and markets single-family homes, townhomes, condominiums, mixed-use developments, and purpose-built rental communities across regions including Alberta, British Columbia, Arizona, Florida, Washington, Arkansas, Bali, and Belize.

Product overview

Fifth Avenue Properties is a real estate development company offering premier residential and investment properties across North America and select international markets (Bali, Belize). Their portfolio consists of a diverse mix of property types including single-family homes, townhomes, condominiums, and purpose-built rental developments. The company's product portfolio includes named residential developments such as Aspen Woods, Heritage Hills, Sky Ranch, and West Hawk (single-family homes); Belvedere Cottages, Belvedere Street Towns, Sky Ranch Street Towns (townhomes); Astoria on 12th, Brickell Woods, Delano, Nolita, and Savoy on Clement (condominiums); and rental communities including Belvedere Rentals, Eagleview Rentals, Greystone Rentals, Hazen Rentals, Pandosy Rentals, and Peace Portal Rentals. They also offer mixed-use developments (Tillotson Town Centre), luxury international villas (Villa V Bali, Villa V Belize), and commercial office space (Portfolio). The company operates across multiple regions including Alberta, Arizona, British Columbia, Florida, Washington, Bali, and Belize, with offices in Calgary, Kelowna, Phoenix, and Guadalajara.

Differentiator

Problem solved

Functional benefit

Products and services

• Aspen Woods

Quantifiable outcome

• Cimarron Estates achieved sold-out status after 41 phases over a decade-long partnership with Tristar Communities

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Tristar CommunitiescoreStrategic or Co-development PartnerMulti-phase partnership spanning over a decade with Tristar Communities on Cimarron Estates (41 phases of estate homes in Okotoks) and Tillotson master-planned community. Tristar develops the community master plan while Fifth Avenue delivers residential product, combining Tristar's community development expertise with Fifth Avenue's residential development capabilities.
• GDS DevelopmentscoreStrategic or Co-development PartnerFifth Avenue's Greystone Rentals project is located within GDS Developments' master-planned Greystone community in Cochrane, Alberta. GDS provides the community infrastructure and master plan while Fifth Avenue delivers 208 purpose-built rental units across two mid-rise buildings.
• Isabey InteriorsminorStrategic or Co-development PartnerCollaboration on Portfolio, a future office tower in Kelowna's Landmark District. Isabey Interiors provides interior design expertise for the premium office space development, contributing to the wellness-inspired tenant amenities and elevated design positioning.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vesta Properties: Kelowna-based residential developer with condos, townhomes, and master-planned communities across the Okanagan. Direct competitor to Fifth Avenue's Kelowna portfolio including Nolita, Delano, and Savoy on Clement.
• Adera Development: BC-based residential developer focused on multi-family woodframe and concrete communities, particularly in Metro Vancouver. Comparable in condominium product type and BC operating geography.
• Cardel Homes: Calgary-headquartered homebuilder with multi-generational presence in Alberta and expansion into BC and Ontario. Direct competitor across similar product types and price points in the same Calgary/Cochrane/Okotoks submarkets.
• Homes by Avi: Calgary-based residential builder offering single-family homes, townhomes, and condos across Alberta. Comparable in product mix and Calgary-area focus to Fifth Avenue's entry-level through move-up segments.
• Shane Homes: Calgary-based homebuilder developing single-family homes, townhomes, and condos in and around Calgary. Most direct geographic competitor to Fifth Avenue's Aspen Woods, West Springs, Belvedere, and Sky Ranch developments.
• Genstar Development Company: Western Canadian master-planned community developer operating in Calgary, Edmonton, and BC. Highly comparable in the master-planned community model and in same Western Canadian geographies.

Broad incumbents

• Brookfield Residential: Major North American residential land developer and homebuilder with master-planned communities across Canada and the U.S. Sun Belt. Directly comparable to Fifth Avenue's community-development model, particularly in Alberta, Arizona, and California.
• Dream Unlimited: Canadian real estate developer with residential, recreational, and commercial assets across Canada and the U.S. Comparable in scale of community development and Canadian diversified real estate operations.
• Mattamy Homes: Canada's largest privately owned homebuilder, operating across multiple provinces and U.S. Sun Belt markets. Highly comparable to Fifth Avenue as a residential developer of single-family homes, townhomes, and master-planned communities at scale.

Others

• Tristar Communities: Calgary-area master-planned community developer and Fifth Avenue's co-development partner on Cimarron and Tillotson. Comparable as a community developer in the same Alberta submarkets and a critical upstream counterparty.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/fifthaveproperties

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 Fifth Avenue Properties