FirstService Residential Launches FirstService Rental Management in Ontario

New division of North America's property management leader provides full-service rental management services to help rental property owners and investors maximize occupancy and value.

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“FirstService Residential has forged strong relationships with developers...by building on these relationships, we can provide a service that fills an unmet need in the market," said Tasso Eracles, Chairman, FirstService Residential Ontario

Toronto, ON (PRWEB) May 22, 2014

FirstService Residential in Ontario has announced the launch of FirstService Rental Management, a new division created to provide full-service rental management services to individual owners seeking to lease their residential investment properties. These tailored services, available throughout a property’s life cycle, target owners and investors who may lack the experience or time to effectively manage their unit(s) in the regulated Ontario market.

“As the industry leader, FirstService Residential has forged strong relationships with developers, many of whom are actively adding residential units in new high-rise condominiums, as well as in our existing managed condominium corporations. We believe that by building on these relationships, we can provide a service offering that fills an unmet need in the market,” said Tasso Eracles, Chairman, FirstService Residential Ontario.

“FirstService Rental Management’s services, such as initial leasing, tenant screening, financial performance and ongoing tenant management, are designed to enhance the value of owned properties and meet the needs of developers and board members who currently have an unprecedented proportion of renters in their condominium properties,” he added.

The new division’s parent company, FirstService Residential, manages over 275 Condominium Corporations representing 38,000 condominium units throughout the Toronto Metropolitan area and Ontario. Its mission is to enhance property values and residents’ lifestyles on behalf of the owners, developers, and condominium associations it serves.

About FirstService Residential
FirstService Residential is a subsidiary of FirstService Corporation, a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. As the largest residential property manager in North America, FirstService Residential oversees more than 6,500 residential and commercial associations including 1.5 million residential units and over 50 million square feet of commercial space across 21 U.S. states and three provinces in Canada. The company has more than 12,000 employees driving local market expertise and managing in excess of $6 billion in budgets. For more information, visit http://www.fsresidential.com.

About FirstService Corporation
FirstService Corporation is a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. FirstService manages more than 2.5 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 services;
  •     FirstService Residential - North America's largest manager of residential communities; and
  •     FirstService Brands – one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations.

FirstService generates more than US$2.3 billion in annual revenues and has more than 24,000 employees world-wide. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders since becoming a publically listed company in 1993. The common shares of FirstService trade on the NASDAQ under the symbol "FSRV" and on the Toronto Stock Exchange under the symbol "FSV". More information is available at http://firstservice.com.

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