About Us

Founded in 1938

Matrix Properties

Matrix Properties develops the highest quality commercial properties, creating exceptional business opportunities and advantages for clients to equip them with success.

With an emphasis on extraordinary standards of professional management, safety, appearance, location and affordability, Matrix Properties works to design superior multi-family apartment complexes.

The fundamental beliefs and core values driving Matrix Properties are its principles that are soundly entrenched in honesty, integrity and formidable work ethic.


  • Licensed North Dakota General Contractor
  • Member of Home Builders Association
  • Chamber of Commerce Member

Our Team

John Lyngstad


Rob Lyngstad

Vice President

Stephen Lyngstad

Assistant Vice President of Development

Dan Hamre

Project Manager

Ryan Hoss

Project Manager

Our History

Founded in 1938 as Navigation Coal & Coke Co. by Elmer Wylie, the firm proceeded to change its name to E.W. Wylie Corporation and gained prominence in the trucking industry hauling sugar beets in the Red River Valley.

In the 1980s E.W. Wylie expanded into a 48 state long haul flatbed carrier operating over 200 tractor-trailers.

In 1999 the trucking assets and name was purchased by Ottertail Power Company and the name was subsequently changed to Matrix Properties Corporation. Matrix began its real estate division in the early 1980’s.

Ready to learn how we can help you reach your goals?