$100 Million in Real Estate Loans Facilitated for Cooper Square Realty Properties

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FFI is a preferred mortgage broker for banks and other major lending institutions

“FFI does an outstanding job providing professional guidance to assist our cooperatives and condominiums in fulfilling their financing requirements,” says Dan Wurtzel, President of Cooper Square Realty.

New York, August 16, 2012 – Cooper Square Realty, the New York subsidiary of FirstService Residential Management, has announced that more than $100 million in loan placements have been facilitated for properties in its management portfolio this year by its financial partner, FirstService Financial, Inc. (FFI).

All of the transactions were fixed-rate 10-year mortgages for cooperatives and apartment buildings in New York City and feature rates as low as 3.03%. FFI is a preferred mortgage broker for banks and other major lending institutions to provide financing or refinancing at the most competitive interest rates and terms available.

“FFI does an outstanding job providing professional guidance to assist our cooperatives and condominiums in fulfilling their financing requirements,” says Dan Wurtzel, President of Cooper Square Realty. “We are delighted to be able to offer highly favorable financing options to the more than 500 properties in our management portfolio.”

About Cooper Square Realty
Cooper Square Realty is the premier residential property management company in New York City and also offers project management and energy management services. Cooper Square’s portfolio comprises upwards of 500 condominiums, cooperatives, and rental properties with an aggregate value of over $6 billion. The company 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.

Cooper Square Realty is a subsidiary of FirstService Residential Management (http://www.fsresidential.com), North America’s premier residential property management company, overseeing more than 5,600 properties and over 1.3 million residential units. FSR is a subsidiary of FirstService Corporation (NASDAQ: FSRV TSX: FSV), a global leader in the rapidly growing real estate services sector. Further information may be obtained at http://www.firstservice.com.

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Dana Collins
Cooper Square Realty
212-634-5495
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