"As the largest player in the industry, we are continuously investing in innovation
to add value to our clients. Our recent investment in sustainability, particularly
in finding new ways to incorporate energy management into our core service
offering, will be a significant differentiator in the years to come."
FirstService Residential is the largest manager of residential communities
in North America, overseeing more than 4,000 properties and over one million
residential units from 50 offices across 18 U.S. States. Properties managed
include low, mid and high-rise condominiums, co-operatives and rental
communities; large scale master-planned and active adult communities;
and hospitality and other mixed-use properties. This division also includes
the operations of American Pool Enterprises, North America's largest
commercial swimming pool and recreational facility management operation.
Revenue $645M
Industry Dynamics
- +60 million Americans live in +24 million residential units
in +300,000 community associations
- 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 million residential units,
FirstService Residential has less than 5% market share
FirstService is largest industry player
- 50 offices, 18 states
- + 4,000 properties
- + 1 million units managed
- +$5 billion annual spend administered to maintain client properties
- Approximately 85% of revenues are contractual
- Long-term contracts with + 90% retention rates
We oversee expenditures of more than $5 billion
annually to administer the day-to-day operations
and maintenance of client properties. Services
include traditional property management, on-site
staffing, rental management and leasing, energy
management consulting and a variety of specialty
services and financial products.
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Alexandria, VA
Aliso Viejo, CA
Bakersfield, CA
Baltimore, MD
Barrington, NJ
Boca Raton, FL
Brooklyn, NY
Chicago, IL
Dallas, TX
Dania Beach, FL
Destin, FL
Fairfax, VA
Folsom, CA
Fort Worth, TX
Hackensack, NJ
Hollywood, FL
Jupiter, FL
Las Vegas, NV
Lawrenceville, NJ
Leesburg, VA
Mesa, AZ
Miami, FL
Murietta, CA
New York, NY
Orlando, FL
Palm Desert, CA
Pembroke Pines, FL
Peoria, AZ
San Diego, CA
San Ramon, CA
Scottsdale, AZ
St. Petersburg, FL
Staten Island, NY
Stockton, CA
Suffern, NY
Tucson, AZ
Valencia, CA
Valley Forge, PA
Vero Beach, FL
Wellington, FL
West Long Branch, NJ
West Palm Beach, FL
Wilmington, DE
Winter Park, FL
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