Merit Ranked Number One Property Management Company by the San Diego Business Journal

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This annual ranking is based on the total San Diego residential units managed as of January 1, 2012

Bob Cardoza, Merit CEO

“Merit has built a solid reputation in San Diego for more than 25 years and we continue to be recognized for our professionalism and, most importantly, our commitment to the San Diego community,” said Bob Cardoza, Merit’s Chief Executive Officer.

Merit Property Management, a FirstService Residential Management company, is proud to announce that the company was the highest ranked residential property management company in the San Diego Business Journal’s annual list. Merit topped the 2012 list with more than 22,700 units managed, a 10% increase from 2011. In addition to these existing units, Merit will add the new mixed-use community Civita this year, with an anticipated build out of 4,780 units. With thousands of additional units yet to be annexed into existing associations, Merit is continuing its growth as the market rebounds.

“Merit has built a solid reputation in San Diego for more than 25 years and we continue to be recognized for our professionalism and, most importantly, our commitment to the San Diego community,” said Bob Cardoza, Merit’s Chief Executive Officer. “With 20% of our overall business based in San Diego, the area remains one of the most active regions where we’ve been steadily growing our client base.”

The San Diego Business Journal re-ranked the list after correcting misinformation listed in its April 30, 2012 edition. Merit was positioned as No. 1 after the publication reassessed the number of units managed by the top companies. The corrected ranking is projected to run in its July 30, 2012 issue.

“We couldn’t be more excited to be No. 1 on this important list,” stated Cindy Collins, Merit’s San Diego Business Leader. “Our team of 60 employees has the dedication and expertise to continue our growth, giving every San Diego association the personal care it needs to be successful, no matter the type or size of community.”

About Merit
Since 1980, Merit has grown to be one of the foremost providers of professional community association services in the Western States with ten regional offices throughout California. Merit specializes in the forward planning and management of master planned, single family home/condominiums, active adult, and urban high- and mid-rise communities as well as rental property management. http://www.meritpm.com

Merit was voted “Best Companies to Work” in 2009, 2010, 2011, as recognized by the OC Business Journal.

Merit is a subsidiary of FirstService Residential Management (FSR). FSR is the largest manager of residential communities in North America, overseeing more than 5,600 properties and over 1.3 million residential units.

FSR is a subsidiary of FirstService Corporation, a global leader in the rapidly growing real estate services sector, providing a variety of services in commercial real estate, residential property management and property services. More information about FirstService is available at http://www.firstservice.com.

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