About Contessa Developments

Developing innovative purpose-built rental apartment buildings

Contessa Developments Inc. is a residential developer and merchant builder with a vision to undertake a new generation of purpose-built rental apartment buildings to meet the growing need for quality rental accommodation in the City of Toronto and beyond and create improvements to the City’s urban corridors of the future. 

As a Developer, Manager and Partner, Contessa is involved in a number of projects, including the mixed-use purpose-built rental apartment building development at the intersection of Dundas Street West and Shorncliffe Road.  

Contessa’s office is headquartered at 555 Richmond Street West in the City of Toronto, with a professional team for site acquisitions, project management, project finance, marketing, and property management. The team has many years of experience in the real estate development and property management business, with a special focus on residential.

tHE Contessa Advantage

A Strategic Approach to Purpose-Built Rental Apartments

Our experience has helped us position ourselves in the sweet spot of real estate development: purpose-built rental apartments. Let our team's experience work for you in Canada's fastest and steadiest growing real estate development sector.

We offer a complete range of dedicated services, including the following:

Site Acquisitions

We source attractive, suitable sites, perform pre-due diligence, and run initial pro formas to support the acquisition.

Due Diligence

We provide a detailed analysis and close examination of the investment. We identify planning and cost-saving opportunities, combined with market analysis, projections, and development pro formas to support the terms of the acquisition.

Equity Syndication

Through our network of industry associates, we facilitate equity syndications, bringing together quality investors with institutional capital partners.

Project Monitoring and Cost Control

Our team supports ongoing transparency, provides reports to the equity investors and capital partners, and provides cost accounting and cost control.

Structuring Transactions

Given our team’s M&A background, we develop a deal strategy and structure the transaction accordingly.

Development Management

We can manage your project from the completion of the acquisition, through the approval process and completion of construction, all the way to stabilization.

Meet The TEAM

Our Experience Helps Us Position for Success

With over 50 years of collective experience in the real estate development industry, our team has the skills and knowledge to make your project a success.

Karsten von Wersebe
President
Umair Waseem
Vice-President, Finance
Rylan Waugh
Vice-President, Development
Chris Booker
Group Controller
Diana Mason-Stefanovic
Vice-President & Corporate Secretary
Monika Burkhardt
Communications/Marketing Coordinator