FirstService Residential Acquires Y Cross Management Group in Arizona
(Tucson, AZ October 9, 2014) – FirstService Residential, the leading residential property management company in North America, today announced it has acquired Y Cross Management Group, a leading Tucson-based community association management company. Terms of the transaction were not disclosed.
"Enhancing our leadership position in Arizona was a strategic priority and we are encouraged about the prospect of strengthening our leadership team with the addition of Andrew to the team," said Chuck Fallon, CEO of FirstService Residential.
Founded in 2004, Y Cross Management currently manages 60 associations, representing 9,000 units in Tucson and southern Arizona. The company is headed by Andrew Way, who will continue to manage day-to-day operations as FirstService Residential’s Senior Vice President, Southern Arizona Division.
“We are excited to join the FirstService Residential family and share its resources, technology and best practices to benefit both our employees and communities,” said Way. “Y Cross has set a very high standard for 10 years and we know this move will help us deliver on our promise of outstanding service to our communities.”
About FirstService Residential
FirstService Residential is a subsidiary of FirstService Corporation, a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. As the leading property management company in North America, FirstService Residential oversees more than 6,500 residential and commercial associations including 1.5 million residential units and over 50 million square feet of commercial space across 21 U.S. states and three provinces in Canada. The company has more than 12,000 employees driving local market expertise and manages in excess of $6 billion in annual budgets. For more information, visit www.fsresidential.com.
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"Enhancing our leadership position in Arizona was a strategic priority and we are encouraged about the prospect of strengthening our leadership team with the addition of Andrew to the team," said Chuck Fallon, CEO of FirstService Residential.
Founded in 2004, Y Cross Management currently manages 60 associations, representing 9,000 units in Tucson and southern Arizona. The company is headed by Andrew Way, who will continue to manage day-to-day operations as FirstService Residential’s Senior Vice President, Southern Arizona Division.
“We are excited to join the FirstService Residential family and share its resources, technology and best practices to benefit both our employees and communities,” said Way. “Y Cross has set a very high standard for 10 years and we know this move will help us deliver on our promise of outstanding service to our communities.”
About FirstService Residential
FirstService Residential is a subsidiary of FirstService Corporation, a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. As the leading property management company in North America, FirstService Residential oversees more than 6,500 residential and commercial associations including 1.5 million residential units and over 50 million square feet of commercial space across 21 U.S. states and three provinces in Canada. The company has more than 12,000 employees driving local market expertise and manages in excess of $6 billion in annual budgets. For more information, visit www.fsresidential.com.
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