What Stober, Al Construction Ltd does

Stober Group is a privately held, family-owned real estate development and property management organization headquartered in Kelowna, British Columbia. Founded in 1957 by Al Stober as Al Stober Construction, the company has operated continuously for over six decades and was rebranded as Stober Group in 2020 to reflect its evolution into a vertically integrated organization covering land acquisition, development, construction, and long-term property management. The second generation of the Stober family — siblings Carolyn Stober and Ken Stober, who joined in 2019 — now guides the company alongside CEO Lisa Lock.

Stober's portfolio is concentrated in the Okanagan Valley and comprises three principal product lines. First, residential rental communities totaling more than 1,100 homes across the Central Green master-planned community (Park East, Park West, Park Central, and Park Plaza), The Flats I and II within the Landmark District, and Laurentian Heights; rentals range from micro suites at $1,225 per month to two-bedroom units at $2,025 per month, with pet-friendly policies and LEED Silver certification at Central Green. Second, the MOVALA luxury for-sale condominium project in South Pandosy, comprising 325 homes across two towers at price points from approximately $500,000 to $3.4 million for penthouse units, with Tower 1 sold out and Tower 2 60% sold. Third, the Landmark District and ancillary commercial properties, totaling over 1.1 million square feet of office, retail, and dining space and representing more than 80% of the Okanagan region's commercial supply.

Revenue is generated through recurring monthly residential rental income, long-term commercial leases, one-time condominium sales at MOVALA, and property management and tenant improvement services. Distribution is direct, via on-site leasing offices, a corporate website with rental availability listings, and a dedicated sales centre for MOVALA. The company employs an 11-person director-level leadership team plus a CEO and CFO, and operates as a member of the Canadian Home Builders Association. Geographic operations remain limited to the Okanagan Valley.

Name

Stober, Al Construction Ltd

Legal name

Stober Group

Website

https://stobergroup.com

Company type

Private

Founded year

1957

Operating status

Operating

Short description

Stober Group is a Kelowna-based, family-owned real estate developer and property manager founded in 1957, operating a vertically integrated portfolio of over 1,100 residential rentals, the 325-home MOVALA luxury condominium project, and more than 1.1 million square feet of commercial space representing 80%+ of the Okanagan region's commercial supply.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Residential Buildings and Dwellings (531110)

SIC

Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Master-Planned Community & POA Management (BPAJAHAD)

akta.pro secondary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

• Real estate development
• Property management
• Residential rentals
• Commercial leasing
• Condominium sales

Headquarters

HQ city

Kelowna

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Rental Income: Long-term rental revenue from residential properties including micro suites, studios, one-bedroom, two-bedroom apartments, and townhomes across multiple communities (Central Green, The Flats, Laurentian Heights). Revenue is recurring through monthly lease payments.
2. Commercial Rental Income: Commercial leasing revenue from over 1.1 million square feet of office and retail spaces across the Landmark District, Central Green, and other commercial properties. Represents 80%+ of Okanagan region's commercial supply.
3. Condominium Sales: For-sale residential condominiums at MOVALA project, including condos, townhomes, and penthouses. Units range from 525 to 2,914 sq ft with prices from approximately $500,000 to $3.4 million for luxury penthouses.
4. Property Management Services: Long-term property management services for both residential and commercial portfolios, including tenant relations, maintenance, and community operations.
5. Tenant Improvement Construction: General labour services for commercial tenant improvement projects, including site preparation, construction assistance, and material handling for 3-month term contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Stober Group is a vertically integrated real estate development organization that acquires, develops, constructs, and manages residential and commercial real estate communities in Kelowna's Okanagan Valley. The company operates a portfolio of more than 1,700 residential homes and over 1.1 million square feet of commercial space, generating revenue through long-term residential and commercial rentals, condominium sales at the MOVALA project, and ongoing property management services across its master-planned communities.

Product overview

Stober Group is a vertically integrated real estate development and property management company operating in Kelowna's Okanagan Valley. The company offers a diverse portfolio spanning residential rentals (MOVALA luxury condos/townhomes/penthouses, Park Plaza/Central/East/West rental buildings, The Flats I & II, and Laurentian Heights totaling over 1,700 residential homes), commercial developments (Landmark District with 1+ million sq ft of retail/office space, Central Green commercial, and individual commercial properties), and property management services. The company was founded in 1957 and has evolved from Al Stober Construction to Stober Group, now led by second-generation siblings Carolyn and Ken Stober under CEO Lisa Lock.

Differentiator

Problem solved

Functional benefit

Brands

• MOVALA: A luxury residential development in Kelowna's South Pandosy neighbourhood, featuring two towers of 10 and 14 storeys with 325 homes including condos, townhomes, and penthouses.
• Landmark District
• Central Green
• The Flats
• Laurentian Heights

Products and services

• MOVALA Luxury Residential Development Amenity-rich luxury residential development in Kelowna's South Pandosy neighbourhood featuring two towers of 10 and 14 storeys with 325 homes including condos, townhomes, and penthouses priced from approximately $500,000 to $3.4 million. Targeted at mature, equity-rich buyers seeking single-family home aesthetics in vertical multifamily builds with panoramic views, indoor/outdoor living spaces, and luxury finishes designed by Begrand Fast Design Inc.
• Park Plaza Rental Community Pet-friendly rental building and the final addition to the Central Green master-planned community in downtown Kelowna, offering 82 modern homes ranging from micro suites to spacious two-bedroom units just steps from UBCO's new downtown campus with pedestrian overpass access.
• Park Central Rental Building Rental building within Central Green master-planned community offering 132 modern, pet-friendly apartments from micro suites to two-bedroom units, with direct access to downtown Kelowna and the UBCO campus via the Bertram Multiuse Overpass.
• Park East Rental Building Rental building in Central Green community offering 107 homes including micro, one, and one-plus-den apartments plus townhomes within walking distance of downtown Kelowna and Okanagan Lake.
• Park West Rental Building Rental building within Central Green community with 80 homes offering micro, studio, one, and two-bedroom options; the first building completed in the master-planned community.
• The Flats I Rental Property Rental property at 1525 Dickson Ave in Kelowna's Landmark District with 90 homes offering micro, studio, one-plus-den, two-bedroom units and townhomes with communal deck, landscaped grounds, and 24/7 video surveillance.
• The Flats II Rental Property Rental property in the Landmark District with 67 homes offering micro, studio, and one-plus-den bedroom homes plus townhome options with secure bike storage and common deck areas.
• Laurentian Heights Residential Community Modern residential community of four buildings with 235 homes offering diverse living options from bachelor suites to three-bedroom homes, located near the Landmark District with fully equipped gym and on-site building manager.
• Landmark District Commercial Development A vibrant 15-acre mixed-use community in Kelowna offering over 1 million square feet of retail, dining, and Class A office space across multiple buildings (Landmark 1-7), representing 80%+ of the Okanagan region's commercial supply.
• Central Green Commercial Spaces Commercial spaces at 1710-1740 Richter Street within the Central Green master-planned community, ideal for coffee shops, boutiques, and services with high walkability (Walk Score 93, Bike Score 97).
• Enterprise Way Commercial Property Prime 4,464 sq ft commercial space at 100-2602 Enterprise Way in Kelowna's industrial hub with Highway 97 access, prominent signage, private offices, open workspaces, showroom, and secure server room.
• 2728 Pandosy Street Commercial Space Prime commercial space in Kelowna's vibrant Pandosy Village surrounded by boutique shops, cafes, and restaurants, steps from Okanagan Lake with high-traffic location visibility.
• Residential Property Management Services Long-term property management services for residential communities including tenant relations, maintenance, and community operations across the rental portfolio (Central Green, The Flats, Laurentian Heights). Pricing ranges from $1,225/month for micro suites to $2,025/month for two-bedroom two-bath units.
• Commercial Property Management Services Property management services for the commercial portfolio representing over 1.1 million square feet of office and retail spaces across the Landmark District and Central Green commercial properties.

Quantifiable outcome

• MOVALA Tower 1 sold out quickly in favorable market conditions; Tower 2 (14-storey, 60% sold) continuing sales despite slower market
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• YMCAcoreStrategic or Co-development Partner · 1 January 2025Stober Group announced partnership with YMCA to open a new daycare at Kelowna's Landmark District in 2025. This community amenity will serve residents and families in the growing Landmark District community, supporting work-life balance for tenants.
• Canadian Home Builders Association (CHBA)minorOthersStober Group is a proud member of CHBA and CHBA Central Okanagan. The membership provides industry credibility, networking opportunities, and alignment with industry standards for home building and development.
• Begrand Fast Design Inc.coreStrategic or Co-development PartnerInterior design firm hired for MOVALA project. The company typically works on single-family homes in major American and Canadian cities, bringing distinctive single-family home aesthetics to the multifamily condominium development. Founder Nicole Begrand-Fast lent personal expertise to create unique floor plans and luxury specifications.
• Greyback ConstructioncoreImplementation/ SI/ Consulting PartnerConstruction company engaged for MOVALA project delivery. The project was delivered on budget despite chaotic price fluctuations for construction materials since the pandemic, demonstrating the company's capability and relationship strength.
• MLA OkanaganminorGTM or Marketing PartnerMLA Okanagan is a partner and executive vice president of sales and marketing, providing market insights on Kelowna's 'Kelownafornia' demographic shift and regional market dynamics.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Cressey Development Group: Vancouver-based developer of residential and mixed-use communities with notable luxury condo projects. Compares on master-planned community and luxury residential product, though primarily Lower Mainland focused.
• WEDGEMOUNT GROUP: Kelowna-based real estate development and investment firm focused on the Okanagan. Direct regional peer operating in the same Kelowna market with development and investment activities.

Broad incumbents

• Concord Pacific: One of Canada's largest residential developers with master-planned community expertise (Concord CityPlace, False Creek). Compares on master-planned community development and luxury condo positioning, though at much larger scale.
• Aquilini Development: Diversified BC real estate developer with residential, commercial, and mixed-use projects including the False Creek North master-planned community. Compares on BC-focused master-planned community development at larger scale.
• Westbank Corp: Vancouver-based luxury developer of signature residential towers (Vancouver House, The Butterfly). Comparable luxury condominium positioning and design-led approach similar to MOVALA's Begrand Fast Design collaboration.
• PCI Developments: Vancouver-based commercial and residential developer with a portfolio of mixed-use master-planned communities. Comparable on integrated mixed-use development approach combining residential, retail, and office.
• Bosa Properties: BC-based developer of residential and mixed-use communities including luxury high-rise condos. Compares on luxury condo product and mixed-use master-planned community development in Western Canada.

Direct peers

• Onni Group: Major BC-based developer with significant rental apartment and commercial portfolios in Vancouver and beyond. Comparable vertically integrated approach developing and holding multi-family residential and commercial properties.
• Mission Group: Kelowna-based real estate developer with a portfolio spanning residential condos, apartments, and commercial properties across the Okanagan. Most direct geographic peer to Stober Group given shared Kelowna focus and vertically integrated developer/owner/operator model.
• Polygon Homes: BC-focused residential developer building multi-family communities across the Lower Mainland and Vancouver Island. Comparable in building multi-family residential product at scale, though more single-family home emphasis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/stober.group
• LinkedInlinkedin.com/company/stobergroup
• Instagraminstagram.com/stober.group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 Stober, Al Construction Ltd