FS Energy Adds New Director of Energy Information

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Aaron Mehta, who has an extensive background in business process analysis and computer systems, is responsible for managing the information assets of FS Energy. He will be implementing best practices to expand the company’s reach beyond New York City to a national audience.

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“Our entire client portfolio will benefit from the even more sophisticated level of benchmarking and analysis that FS Energy will now provide through portfolio-based energy management and customized energy strategies,” said David Kuperberg, CEO.

FS Energy, a leading independent provider of comprehensive energy solutions for multi-family residential properties, and a subsidiary of FirstService Corporation [NASDAQ: FSRV; TSX: FSV and FSV.PR.U], has hired Aaron Mehta as Director of Energy Information. Mr. Mehta, who has an extensive background in business process analysis and computer systems, is responsible for managing the information assets of FS Energy. He will be implementing best practices to expand the company’s reach beyond New York City to a national audience.

FS Energy, which serves as the exclusive energy management partner for residential properties managed by Cooper Square Realty, aims to reduce energy costs and the carbon footprint of its New York City portfolio by 25% by 2013. The result would be more than $30 million in savings and a reduction of carbon emissions by 111,000 metric tons. This is equivalent to taking 110 building offline or removing 21,600 cars from the road. Cooper Square Realty manages more than 500 condominiums, cooperatives and rental properties throughout New York City.

As the leader for the data team, Mehta will utilize new technology to identify trends and opportunities for improvement through FSdata, the company’s proprietary benchmarking database. FSdata houses historical energy usage, cost, and typology information for all buildings in the Cooper Square Realty management portfolio. Through in-depth analysis, he will leverage this data to further differentiate the services provided by FS Energy to our current clients and new market opportunities.

“It is our goal to most effectively collect, analyze, and derive value out of the increasing amount of data we have in order to make the best decisions to reduce energy costs and greenhouse gas emissions,” explained Mehta.

“Our entire client portfolio will benefit immensely from the even more sophisticated level of benchmarking and analysis that FS Energy will now provide through portfolio-based energy management and customized energy strategies,” said David Kuperberg, CEO of FS Energy and Cooper Square Realty.

ABOUT FS ENERGY
Based in New York City and founded in 2009, FS Energy is the energy management and advisory subsidiary of FirstService Corporation. FS Energy is successfully reducing energy costs and carbon and increasing the asset value of FirstService managed properties through customized energy management strategies. FS Energy takes a cutting edge approach, leveraging its portfolio size and groundbreaking proprietary data collection to determine the most appropriate cost and consumption reduction initiatives. Already a leader in New York City, FS Energy is well on its way to achieving its goal of reducing energy costs and carbon by 25% across its New York City portfolio by 2013. More information about FS Energy is available at http://www.fsenergyservices.com.

ABOUT COOPER SQUARE REALTY
Cooper Square Realty, a subsidiary of FirstService Residential Management, is the premier residential property management company in New York City. The company’s portfolio comprises upwards of 500 condominiums, cooperatives, and rental properties with an aggregate value of over $6 billion. Cooper Square Realty manages more than 70,000 residences that are home to more than 200,000 people. These include distinctive lifestyle properties such as The Plaza Residences, luxury residential towers such as New York by Gehry, new developments, prewar landmark buildings, and apartment complexes. Further information is available at http://www.coopersquare.com.

ABOUT FIRSTSERVICE
FirstService Corporation is 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. As one of the largest property managers in the world, FirstService manages more than 2.3 billion square feet of residential and commercial properties through its three industry-leading service platforms: Colliers International, one of the largest global players in commercial real estate; FirstService Residential Management, the largest manager of residential communities in North America; and Property Services, including Field Asset Services, one of America's largest property preservation and distressed asset management companies and FirstService Brands, one of North America's largest providers of property services through franchise networks. FirstService generates over US$2.2 billion in annual revenues and has more than 23,000 employees worldwide.

More information about FirstService is available at http://www.firstservice.com.

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Dana Collins
Cooper Square Realty
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