Orr Development

What Orr Development does

Orr Development Corp. (DBA Orr Development) is a fourth-generation, family-owned real estate development and property management company headquartered at 310-1847 West Broadway in Vancouver, British Columbia. The company develops and manages purpose-built residential rental buildings, townhouse collections, and commercial retail and office properties concentrated exclusively in the Metro Vancouver market, including Kitsilano, Greektown/Broadway Village, the Punjabi Market neighbourhood, Burrard Slopes, Metrotown, Grandview-Woodland, and New Westminster. Its residential portfolio comprises nine core assets totalling roughly 319 rental suites (notable projects include the 75-unit LEED Platinum-certified mass timber Bovill, the 70-suite LEED Gold-certified Robert, the 54-unit Neighbour on 4th mass timber project, The Reginald, Cypress Court, 2115 and 2154 Triumph Street, and the 4798 Hazel Street townhouse collection), alongside a commercial portfolio spanning 4,500 to 74,000 square feet.

Construction technology centres on sustainable methods including Mass Timber building techniques and LEED-certified design and construction, complemented by conventional concrete construction on certain commercial assets. Property management and maintenance are operated in-house via dedicated teams rather than outsourced to third-party operators, supporting quality control across the portfolio. The company operates without a public mobile application, developer API, or external integrations, and conducts leasing directly through its own website and a structured online waitlist system.

Revenue is generated through two recurring streams: residential rental income from purpose-built apartment and townhouse units (subscription-style monthly contracts), and commercial rental income from leased retail and office spaces occupied by shops, restaurants, financial institutions, and professional services. No pricing is publicly disclosed; prospective residential tenants must join the website waitlist and commercial tenants contact the company directly. Go-to-market is direct-to-consumer within Metro Vancouver with no third-party distribution channels, and there is no evidence of external institutional investment, private equity backing, or parent company ownership — the capital base is entirely family-held.

Name

Orr Development

Legal name

Orr Development Corp.

Website

https://orrdevelopment.com

Company type

Private

Founded year

1930

Operating status

Operating

Headcount range

11–50 employees

Short description

Orr Development Corp. is a fourth-generation, family-owned Vancouver real estate developer and property manager operating a portfolio of roughly nine purpose-built residential rental buildings (approximately 319 suites) and commercial retail/office properties across Metro Vancouver, with in-house management and a focus on sustainable Mass Timber and LEED-certified construction.

Ownership category

akta.pro rank

Product category

Real Estate Development and Property Management

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (23611)

SIC

Operative Builders (1531), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industry

Build-to-Rent (BTR) Community Management (BPAJAFAC)

Keywords

• Real estate development
• Property management
• Purpose-built rentals
• Commercial leasing
• Sustainable construction

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure

Revenue model

1. Residential Rental Income: Purpose-built rental apartments and townhouses generating recurring monthly rental income from tenants in Metro Vancouver
2. Commercial Rental Income: Retail and office spaces leased to commercial tenants including shops, restaurants, financial institutions, and professional services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Orr Development develops and manages purpose-built rental residential and commercial properties in Metro Vancouver, with a portfolio spanning apartments, townhouses, and commercial space. The firm operates an in-house property management and maintenance team, and emphasizes sustainable construction practices including Mass Timber and LEED Gold/Platinum certified building standards.

Product overview

Orr Development is a 4th generation family-owned real estate company offering a portfolio of purpose-built rental properties and commercial spaces in Metro Vancouver. The residential portfolio includes mass timber buildings (Neighbour on 4th with 54 units, The Bovill with 75 units), mixed-use buildings with ground-floor retail (The Robert with 70 suites, The Reginald with 29 suites), townhouse collections (4798 Hazel Street with 8 units), and standard apartment buildings (Cypress Court with 41 units, 2115 Triumph with 18 units, 2139 Triumph duplex, 2154 Dundas with 21 units). The commercial portfolio includes retail and office spaces across Metro Vancouver, with properties ranging from 4,500 to 74,000 sq ft. The company also provides in-house property management and maintenance services through dedicated teams. Several properties hold LEED certifications (The Robert - Gold, The Bovill and 6501-49 Main Street - Platinum).

Differentiator

Problem solved

Functional benefit

Products and services

• Neighbour on 4th

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Polygon Homes: Large BC residential builder that has expanded into purpose-built rental in Metro Vancouver. Comparable in product type (multifamily residential construction) and regional footprint, though larger and more for-sale weighted.
• Wesgroup Properties: Large Vancouver-based, family-influenced developer and rental property owner. Operates a multi-thousand-unit purpose-built rental portfolio across Metro Vancouver and develops mixed-use projects in overlapping sub-markets (Kitsilano, South Vancouver, Burnaby).
• Chard Development: BC-based developer of purpose-built rental and mixed-use projects in Metro Vancouver. Directly comparable in scale and product mix as a mid-sized, locally focused purpose-built rental developer.
• Cressey Development Group: Vancouver-based multifamily developer with a long-standing focus on rental and mixed-use mid- and high-rise projects across Metro Vancouver. Comparable in product type (purpose-built rental apartments) and target sub-markets.
• Onni Group: Major Vancouver-headquartered real estate developer with a substantial purpose-built rental and condo portfolio in Metro Vancouver. Builds and holds mid- and high-rise multifamily projects in overlapping neighborhoods, including recent mass timber and sustainability-focused developments.
• Townline Homes: Vancouver-based, family-influenced developer that builds and holds purpose-built rental apartments alongside for-sale housing in Metro Vancouver and Victoria. Similar vertically integrated model of developing, owning, and operating multifamily assets.
• Reliance Properties: Vancouver-based, multi-generation real estate company developing and operating commercial and residential rental properties in Metro Vancouver. Closely comparable in heritage, family ownership style, and focus on long-held mixed-use rental product.

Broad incumbents

• QuadReal Property Group: Large institutional real estate owner/operator (BC Investment Management Corp.-affiliated) holding a major BC multifamily rental portfolio. Operates in the same Metro Vancouver rental market as Orr but at vastly greater scale and with a broader commercial mandate.
• Boardwalk REIT: Largest Canadian publicly-traded multifamily rental REIT with a portfolio concentrated in Western Canadian markets including Metro Vancouver. Comparable underlying asset class (purpose-built rental apartments) but operates at a fundamentally different scale and capital structure.
• BC Housing: Provincial housing corporation that owns and operates a large portfolio of rental housing across Metro Vancouver. Competes in the same tenant pool and sub-markets as Orr but as a government-backed, non-profit operator at much greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

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 Orr Development