FirstService Residential B.C. Acquires Rental Portfolio from Colliers in Vancouver

Posted on Tuesday August 25, 2015

FirstService Residential, the leading residential property management company in Greater Vancouver, has acquired Colliers International Group’s portfolio of rental properties and investor units in Vancouver. Colliers is a global leader in commercial real estate services and operates from 502 offices in 67 countries. Effective July 2015, the acquisition increases FirstService Residential’s current portfolio of purpose-built rental buildings, commercial buildings, and individual investor units under management. A total of 29 associates will also join FirstService Residential as part of the acquisition.

“We are pleased to be welcoming a new family of valued clients and experienced associates with our acquisition of the Colliers’ portfolio,” said Scott Douglas, President of FirstService Residential B.C. “Our goal is to make a difference for the clients we serve by providing exceptional service. The new associates joining our team provide a depth of experience in professionally managing rental properties and investor units that will help us continue to add value for our clients while enhancing the lifestyles of those we serve.”

In addition to its strata management portfolio, this acquisition makes FirstService Residential one of the leading management companies for purpose-built rental properties and investor units across Greater Vancouver.

About FirstService Residential
FirstService Residential is North America’s largest manager of residential communities and the preferred partner of HOAs, community associations and strata corporations in Canada and the U.S. FirstService Residential’s managed communities include low-, mid- and high-rise condominiums and cooperatives, single family homes, master-planned, lifestyle and active adult communities, and rental and commercial properties.

With an unmatched combination of deep industry experience, local market expertise and personalized attention, FirstService Residential delivers proven solutions and exceptional service that add value, enhance lifestyles and make a difference, every day, for every resident and community it manages. FirstService Residential is a subsidiary of FirstService Corporation, a North American leader in the property services sector. For more information, visit www.fsresidential.com/british-columbia/home.



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