FirstService Residential Expands Twin Cities Portfolio with Acquisition of Paradise & Associates

MINNEAPOLIS, Minn. (July 20, 2017)FirstService Residential, North America’s leading property management company and the largest in Minnesota, announced the expansion of its business in the Twin Cities with the acquisition of Paradise & Associates (“Paradise”) and its portfolio of 100 clients.
 
Maggie Paradise, Bob Paradise, and Sandy Lattu, who founded Paradise & Associates in 1999, will continue to lead the same staff in day-to-day operations of their client communities. The acquisition augments FirstService Residential Minnesota’s market-leading portfolio to more than 45,000 homes in over 475 associations in the Greater Twin Cities Area.

“Paradise’s personal approach to managing a mix of 7,000 urban and suburban condominiums similar to our own portfolio made them the perfect partner to continue our growth in the marketplace,” said FirstService Residential Minnesota President, Mark Gittleman. “Adding respected industry leaders, Maggie and Sandy, and their experienced team brings yet another level of local expertise into the fold and strengthens a shared mission to make a difference every day to enhance the quality and lifestyle of the residents in the communities we serve,” he added.

“FirstService Residential’s culture of prioritizing the experiences of its clients and associates and building its business one relationship at a time aligned perfectly with how Paradise has operated for nearly twenty years,” said Maggie Paradise, one of the company principals. “We are delighted to join the FirstService Residential family knowing our clients will also now benefit from the best-in-class service, breadth of corporate and technological resources, and value-added programs that make it an industry leader.” 
 
About FirstService Residential Minnesota
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.