"As the market leader, we are continuously innovating and investing in new initiatives. Our recent investments in energy management and our proprietary technology designed to better understand our combined purchasing power of more than $6 billion are two examples of how we strive to create incremental value for our clients."
FirstService Residential is the largest manager of residential communities in North America, overseeing approximately 5,500 properties and over 1.3 million residential units from 106 offices across 27 US States and three provinces in Canada. Properties managed include low-, mid- and high-rise condominiums and co-operatives as well as large scale master-planned and active adult communities. In addition, it manages residential rental and REO properties for institutional and private equity clients. The division also includes the operations of American Pool Enterprises, North America's largest commercial swimming pool and recreational facility management operation.
Revenue $662M
US Industry Dynamics
- 62+ million Americans live in 24+ million residential units in 309,000+ communities
- Estimated value of all residential units in all community associations in America is $5+ trillion - (about 20% of overall value of residential properties)
- As largest industry player, with 1.3+ million residential units under management, FirstService Residential has less than a 5% market share
FirstService is largest industry player
- 106 offices, 27 US states and 3 Provinces
- 5,500 properties
- 1.3+ million residential units managed
- $6 billion annual spend administered to maintain client properties
- 85%+ of revenues are long-term contracts
- 90%+ retention rates on contracts
We oversee expenditures of more than $6 billion annually to administer the day-to-day operations and maintenance of client properties. Services include traditional property management, developer consulting services, on-site staffing, rental management and leasing, energy management services, leveraged purchasing power, and a variety of specialty property services, and financial and insurance products.
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USA
Alexandria, VA
Aliso Viejo, CA
Alpharetta, GA
Austin, TX
Bakersfield, CA
Baltimore, MD
Barrington, CA
Bloomington, MN
Boca Raton, FL
Brooklyn, NY
Chicago, IL
Dallas, TX
Dania Beach, FL
Destin Beach, FL
Eatontown, NJ
Fairfax, VA
Folsom, CA
Forest Hill, MD
Fort Worth, TX
Fredericksburg, VA
Hackensack, NJ
Hollywood, FL
Houston, TX
Jacksonville, FL
Jupiter, FL
Keller, TX
Kingwood, TX
Las Vegas, NV
Lawrenceville, NJ
Leesburg, VA
Los Angeles, CA
Lyndhurst, NJ
Mesa, AZ
Miami, FL
Montclair, VA
Murrieta, CA
New York, NY
Norristown, PA
Orlando, FL
Palm Desert, CA
Pearland, TX
Pembroke Pines, FL
Peoria, AZ
Philadelphia, PA
Pleasanton, CA
Reno, NV
Sacramento, CA
San Diego, CA
San Francisco, CA
San Ramon, CA
Scottsdale, AZ
Staten Island, NY
Stockton, CA
St. Petersburg, FL
Suffern, NY
Tampa, FL
The Woodlands, TX
Tucson, AZ
Valencia, CA
Valley Forge, PA
Vero Beach, FL
Wellington, FL
West Palm Beach, FL
Wilmington, DE
Winter Park, FL
CANADA
Calgary, AB
Canmore, AB
Edmonton, AB
Fort McMurray, AB
Fraser Valley, BC
Squamish, BC
Toronto, ON
Vancouver, BC
Whistler, BC
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