FirstService Residential Expands Residential Property Management Operations
This transaction adds more than 250 homeowner associations and 40,000 residential units to the company’s roster and further extends FirstService Residential’s leadership position of over 8,000 associations and 1.6 million residential units in its North American portfolio of properties under management.
“This addition extends our leadership position and further expands our geographic footprint in a large, growing market,” said Mark Stoops, president, FirstService Residential. “We are delighted to be adding such a highly respected organization to the FirstService Residential family and look forward to working closely with the leadership team at Condominium Concepts to further enhance the value and service offerings delivered to their clients.”
Condominium Concepts Management, founded in 1994 and currently led by CEO Darlys Walker, is one of the leading residential property management firms in the southeastern U.S. with particular strength in Atlanta, the ninth largest metropolitan market in the U.S., and surrounding areas. The company also manages properties in Florida, Tennessee and South Carolina. The acquisition enhances FirstService Residential’s footprint across the region and provides the company with a significant presence in the fast-growing Nashville, Tennessee market.
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 the U.S. and Canada. 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.