FirstService Residential, the Dania Beach, Florida-based property management firm and a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), has acquired Edmonton-based Core Real Estate Group.
Founded in 2011, Core Real Estate Group manages more than 15,000 residential units in Edmonton. The acquisition brings the number of residential units under FirstService management in Canada to more than 250,000.
The financial terms of the deal were not disclosed.
“Our shared commitment to customer-focused service and innovation will help us better serve these residential communities,” said Glenne Manlig, president of FirstService’s operations in Alberta. “As one example, our new communities will leverage our Resident Support Services team and technology to respond quickly to questions from residents, allowing community managers to focus on projects that are important for our managed communities in Edmonton.”
“We are excited to partner with FirstService,” said David Brown, founder of Core Real Estate Group. “Our team will be joining a ‘Great Place to Work’ and a company listed as one of ‘Canada’s Best Workplaces.’ Our customers will benefit from combined expertise, industry-leading best practices, and property management resources, further enhancing the level of service they receive.”
