Ntityix Development Corp.

What Ntityix Development Corp. does

Ntityix Development Corporation (NDC) is a 100% Indigenous-owned economic development corporation for the Westbank First Nation (WFN), incorporated in 1974 (originally as Westbank Indian Band Development Company) and operating from Westbank, British Columbia. NDC manages a diversified portfolio of strategic assets across real estate, forestry, construction, and professional services on WFN lands, with the stated mandate of maximizing community benefits to the WFN shareholder and Members and advancing the Nation's path to financial self-sufficiency from federal funding. Operations are conducted through wholly-owned subsidiaries: Kilawna Builders Ltd. (construction), Ntityix Resources LP (forestry management of WFN-held tenures), Lakeridge Park Residential Corporation (209-lot residential subdivision), and Splmulaxw Limited Partnership (composting/environmental investment).

The company's core revenue-generating assets are two large shopping centres — the wholly-owned 127,000 sq ft Okanagan Lake Shopping Centre (valued at ~$45M as of February 2025) and the 94,000 sq ft Snyatan Shopping Centre (JV with Anthem Properties) — alongside a 20,000 sq ft industrial property, the 209-lot Lakeridge Park residential sublease (modernized to 2146), and new rental townhome developments (səkʷíw Phase 2 — 46 units with Seven Generations Capital; 700 Spland Road — 23 units with Hungerford Properties). Commercial real estate leasing operates on recurring rental agreements; residential sublease generates recurring lot fees plus extension fees; construction and forestry are transaction-based through subsidiaries. The company employs approximately 10 people and is led by CEO Mic Werstuik (a WFN Member), COO Nelson Derickson, and CFO Jag Barmi, with a board chaired by Robbin Sinclair (FCPA, FCA, CAFM). NDC has no proprietary technology platform — its moat is grounded in regulatory standing under the WFN-Canada Self-Government Agreement, prime Highway 97 commercial positioning, and its role as the formal economic development vehicle for WFN.

Name

Ntityix Development Corp.

Legal name

Ntityix Development Corp.

Website

https://ntityix.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

1–10 employees

Short description

Ntityix Development Corporation is a Westbank First Nation-owned economic development corporation managing a diversified portfolio of commercial real estate, residential subdivisions, forestry, and construction on WFN lands in British Columbia, Canada, with a mandate to maximize community benefits to WFN members.

Ownership category

akta.pro rank

Headquarters

HQ city

Westbank

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain

Revenue model

1. Commercial Real Estate Leasing: NDC generates rental income from leasing retail, commercial, and industrial spaces across its portfolio of shopping centres (Okanagan Lake Shopping Centre, Snyatan Shopping Centre) and industrial warehouse properties. Lease spaces range from hundreds to tens of thousands of square feet.
2. Residential Sublease and Lease Management: Lakeridge Park Subdivision manages 209 residential lots with subleases to homeowners. A Lease Modernization Project extended sublease terms to 2146, generating sublease extension fees and ongoing annual lot fees.
3. Construction Services (Kilawna Builders): Kilawna Builders serves as the primary contractor for Westbank First Nation and surrounding communities, providing construction management services. As a subsidiary, it generates revenue from construction project delivery.
4. Forestry Management (Ntityix Resources LP): Ntityix Resources LP manages forest tenures held by Westbank First Nation, including timber harvest management, road construction, silviculture, and tree planting. Revenue is derived from timber harvesting and related resource stewardship activities.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Ntityix Development Corp. (NDC) is the economic development corporation of Westbank First Nation, owning and managing a diversified portfolio of real estate, forestry, construction, and environmental assets on WFN lands in British Columbia. Core offerings include commercial retail leasing (Okanagan Lake Shopping Centre, Snyatan Shopping Centre), industrial property leasing (3522 Red Cloud Way), residential sublease and rental (Lakeridge Park 209-lot subdivision, sək̓ʷíw and Spland Road townhome developments), construction services through subsidiary Kilawna Builders, and forestry management through Ntityix Resources LP.

Product overview

Ntityix Development Corporation operates a diversified portfolio of real estate, forestry, and construction businesses serving the Westbank First Nation community. The core offerings include residential subdivisions (Lakeridge Park), retail shopping centres (Okanagan Lake Shopping Centre, Snyatan Shopping Centre), industrial properties, and rental townhome developments (Spland Road Townhomes, Sekwiw). Supporting operations include Kilawna Builders (construction services) and Ntityix Resources LP (forestry management), while Splmulaxw LP represents an environmental investment in composting operations. The company prioritizes full ownership of strategic assets while engaging in joint ventures and partnerships for growth opportunities.

Differentiator

Problem solved

Functional benefit

Products and services

• Lakeridge Park Subdivision A 209-lot single-family residential home subdivision featuring mature landscaping, paved streets, street lighting, and walking trails on Tsinstikeptum Indian Reserve No. 10 overlooking Lake Okanagan. Sublease terms were modernized to extend to 2146, with CMHC-approved mortgage insurance eligibility for leasehold interests.
• Okanagan Lake Shopping Centre 127,000 sq. ft. retail shopping centre wholly owned by Ntityix Development as of February 2025, located next to Highway 97 south of the William R. Bennett Bridge in Westbank, BC. Tenants include Shoppers Drug Mart, Landmark Cinema, Tim Hortons, Dollarama, Dairy Queen, and others, with lease spaces ranging from 900 to 15,960 sq. ft. The centre is valued at approximately $45 million on 4.11 hectares of land.
• Snyatan Shopping Centre 94,000 sq. ft. retail shopping centre operated as a joint venture between Ntityix Development LP and Anthem Properties Group Ltd. Tenants include Winners, Home Sense, Dollar Tree, Bulk Barn, Bright Side Dental, and others. Retail spaces range from 845 sq. ft. to several thousand sq. ft.
• Industrial Property at 3522 Red Cloud Way Leased warehouse property featuring a 1,100 sq. ft. office building and 20,000 sq. ft. of warehouse space on a 1.82 hectare parcel in Westbank, BC. Current tenants include WFN Public Works and Utilities and Freeport Industries.
• Spland Road Townhomes (700 Spland Road) 23-unit townhome rental development in partnership with Hungerford Properties, featuring three-bedroom units over three levels with double garage, located on Westbank First Nation lands in West Kelowna. Managed through Associated Property Management.
• sək̓ʷíw (Sekwiw) Townhomes — Phase 2 46-unit townhome rental development featuring two to four bedroom units (1,200-1,750 sq. ft. each) designed to meet BC Energy Step Code 4 for eco-friendly living, located at 693 Katherine Road on Westbank First Nation lands. Delivered in partnership with Seven Generations Capital and Kilawna Builders.
• Kilawna Builders Ltd. Construction Services Construction services as the primary contractor for Westbank First Nation and surrounding communities. 100% First Nation-owned subsidiary (formerly WIBCO Construction) with over 35 years of experience, actively involved in NDC development projects including sək̓ʷíw and 700 Spland Road townhomes.
• Ntityix Resources LP Forestry Management Forestry management services for forest tenures held by Westbank First Nation, including timber harvest management, road construction, silviculture supervision, tree planting, and protection of non-timber resources. Generates revenue from timber harvesting and related stewardship activities.
• Splmulaxw Limited Partnership Environmental Investment Subsidiary representing an investment in Brenda Renewables Ltd., operating a composting facility at the Brenda Mine reclamation site near West Kelowna and Peachland. The facility composts food and yard waste to enhance vegetation at the mine reclamation site.

Quantifiable outcome

• Okanagan Lake Shopping Centre acquisition doubled the NDC portfolio assets in February 2025

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Seven Generations Capital (wholly owned subsidiary of Hungerford Properties)coreStrategic or Co-development Partner · 1 January 2024Seven Generations Capital (a wholly owned subsidiary of Hungerford Properties) partnered with NDC and Kilawna Builders on the səkʷíw (Phase 2) townhome rental project at 693 Katherine Road. The project adds 46 townhome units (2-4 bedrooms, 1,200-1,750 sq ft each) for rent on Westbank First Nation land. Seven Generations Capital brings development capital and expertise; NDC and Kilawna Builders contribute land ownership and construction capabilities.
• Hungerford PropertiescoreStrategic or Co-development PartnerHungerford Properties partnered with NDC on the 700 Spland Road townhome development — a 23-unit, 3-bedroom townhome rental project on Westbank First Nation lands. Phase 1 was a remediation project to complete units for occupancy.
• Anthem Properties Group Ltd.coreStrategic or Co-development PartnerAnthem Properties Group Ltd. is the joint venture development partner with Ntityix Development LP for Snyatan Shopping Centre, a 94,000 sq. ft. retail centre next to Highway 97 in Tsinstikeptum Indian Reserve No. 9. NDC represents the WFN interest in this partnership.
• Brenda Renewables Ltd.minorStrategic or Co-development PartnerSplmulaxw Limited Partnership (a subsidiary of NDC) represents an investment in Brenda Renewables Ltd. The facility composts food and yard waste to enhance vegetation at the Brenda Mine reclamation site near West Kelowna and Peachland. Ribbon cutting held July 29, 2024. The name splmúlaʔxʷ means 'a place where there is new growth.'
• Churchill International Property Corporation (former)minorStrategic or Co-development PartnerChurchill International Property Corporation was a joint venture development partner in Okanagan Lake Shopping Centre alongside NDC and PDG Investments since 2012. In February 2025, NDC acquired sole ownership of the centre, buying out Churchill's and PDG's interests.
• PDG Investments (former)minorStrategic or Co-development PartnerPDG Investments was a joint venture development partner in Okanagan Lake Shopping Centre alongside NDC and Churchill International since 2012. In February 2025, NDC acquired sole ownership, buying out PDG's interest.
• Kilawna Builders Ltd.coreStrategic or Co-development PartnerKilawna Builders (formerly WIBCO Construction) is a 100% First Nation-owned subsidiary and the dedicated construction arm of Ntityix Development Corporation. With over 35 years of experience, it serves as the primary contractor for WFN and surrounding communities. Kilawna Builders is actively involved in NDC development projects including səkʷíw and 700 Spland Road townhomes.
• Westbank First NationcoreOthersNtityix Development Corporation is a Westbank First Nation company and the economic development corporation of WFN. NDC operates under the WFN-NDC Corporate Charter and is owned by the Westbank First Nation Government. The company manages assets and operations to maximize community benefits to WFN's shareholder and members, with the goal of achieving WFN's financial self-sufficiency.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Morguard REIT: Diversified Canadian REIT with retail, office, and industrial assets. Comparable as an established Canadian real estate owner/operator with multi-asset-class exposure similar to NDC's diversified portfolio.
• RioCan REIT: One of Canada's largest retail-focused REITs, owning and operating shopping centres across the country. Comparable as a major owner of grocery-anchored retail real estate similar to NDC's shopping centres, though operating nationally rather than on reserve lands.

Others

• Canadian Council for Aboriginal Business (CCAB): Non-profit organization that awarded NDC its 2020 Aboriginal Economic Development Corporation Award (alongside Sodexo). Comparable as an Indigenous business ecosystem organization relevant to NDC's positioning and awards profile, though not a direct operating peer.
• First Nations Finance Authority (FNFA): National First Nations lending and investment body that issues pooled debentures on behalf of member bands; NDC's own director James Byra serves as its Managing Director of Finance & Investments. Comparable as an Indigenous financial ecosystem participant but operates as a capital provider rather than a direct real estate developer.

Direct peers

• Musqueam Capital Corporation: Economic development arm of Musqueam Indian Band in Metro Vancouver, holding diversified investments in real estate, hospitality, and forestry on Musqueam reserve lands. Directly comparable in mandate, structure, and First Nation ownership model.
• Osoyoos Indian Band Development Corporation: Economic development arm of the Osoyoos Indian Band, an Okanagan Nation member in BC's southern interior. Directly comparable as a neighbouring syilx/Okanagan Nation community operating economic development ventures including real estate on reserve lands.
• Membertou Development Corporation: Economic development corporation of Membertou First Nation (Nova Scotia), operating a diversified portfolio of commercial real estate, construction, and business ventures on reserve lands. Comparable as a First Nation-owned diversified real estate and investment holding entity.
• Squamish Nation (xwemts'áy'ústm tem íxwel] — Economic Development): The Squamish Nation operates a major economic development function with commercial real estate and development partnerships in Metro Vancouver. Comparable as a BC-based First Nation economic development entity with real estate assets and external development partners.
• Anthem Properties Group Ltd. BC-based commercial real estate developer and NDC's JV partner on Snyatan Shopping Centre. Comparable as a Western Canadian retail/commercial developer co-investing in Indigenous-led projects and operating shopping centres of similar scale.
• Hungerford Properties: BC-based residential and commercial developer, JV partner with NDC on the 700 Spland Road townhomes and parent of Seven Generations Capital (səkʷíw partner). Comparable as a developer specializing in multi-family residential projects in BC, with close ties to NDC's development pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@NtityixDevelopment
• Instagraminstagram.com/ntityixdevelopment
• LinkedInlinkedin.com/company/ntityix-development-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 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 Ntityix Development Corp.