Press Releases

Our press release archive contains a wealth of information about FirstService Residential, including announcements about properties we add to our management portfolio, awards and recognition to our outstanding associates and more.

Chuck M. Fallon Named CEO of FirstService Residential

Posted on Sunday March 24, 2013

FirstService Corporation announced today that Chuck M. Fallon has been named chief executive officer of FirstService Residential, a subsidiary of FirstService Corporation, and largest manager of residential communities in North America. Fallon succeeds Gene Gomberg, who will remain with the Company as Chairman.


FirstService Expands into Commercial Property Association Management

Posted on Sunday January 06, 2013

FirstService Corporation today announced that its subsidiary, Merit Property Management, an operating unit of FirstService Residential, has acquired Mar West Real Estate, one of the leading providers of commercial property association management services in the western US, with operations in California, Arizona and Nevada. The acquisition adds a total of 160 commercial property associations totalling more than 50 million square feet of office, industrial and medical properties. Terms of the transaction were not disclosed.


FirstService Residential Establishes a $10 Million Hurricane Recovery Fund to Repair Properties Damaged by Hurricane Sandy

Posted on Sunday November 04, 2012

FirstService Residential, the largest manager of residential properties in North America, announced today the immediate availability of emergency funds to aid its 200 New York City and New Jersey area properties affected by Hurricane Sandy. While much of the property damage is still being assessed, the FirstService Residential Hurricane Recovery Fund will allow its properties to begin funding immediate repairs ahead of finalizing insurance claims, which may take months to process given the volume of claims that will result from this unprecedented storm.


FirstService Acquires Gittleman Management

Posted on Sunday November 06, 2011

FirstService Corporation announced today that its market leading residential property management business, FirstService Residential Management, has acquired Gittleman Management Corporation, Minnesota’s largest and most prestigious residential property management company.


FirstService Supports Plan to Enable Small and Large Investors to Purchase Pools of Assets From FHFA

Posted on Thursday September 29, 2011

FirstService Corporation, the nation’s largest property management and leasing services provider and parent company to Colliers International, First Service Residential Rental Management, Field Asset Services, and TenantAccess, today announced its support for large-scale REO sales to institutional investors and is urging the Administration to pursue a diverse approach that can support investors across a wide spectrum of size, geography, and not-for-profit affiliations.


FirstService Adds Simerra Property Management

Posted on Wednesday July 13, 2011

FirstService Corporation today announced that its subsidiary, FirstService Residential, North America’s largest manager of residential communities, further expanded its scale and market leadership with the acquisition of Simerra Property Management Inc., one of Toronto’s largest and most respected residential property management firms.


FirstService Expands its Residential Property Management Operations in Las Vegas

Posted on Sunday June 19, 2011

FirstService Corporation today announced the acquisition of Excellence Community Management, one of the
leading providers of residential property management services in the greater Las Vegas, Nevada
market. Jamie McCafferty, Founder & CEO of Excellence, will retain a significant equity stake in
the company and continue to manage its day-to-day operations.


FirstService Further Expands Market Leading Residential Property Management Operations

Posted on Sunday April 17, 2011

FirstService Corporation today announced it has increased the size and breadth of its market leading residential property management business in British Columbia and North and South Carolina with the acquisitions of Vancouver Condominium Services Ltd. and Abbott Enterprises Inc. The acquisitions add a total of 30,000 units to FirstService’s portfolio that includes over 4,800 properties comprising 1.2 million residential units. Terms of the two transactions were not disclosed.