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FirstService Residential Expands Portfolio with Core Real Estate Acquisition

FirstService Residential Acquires Edmonton-Based Core Real Estate Group

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    FirstService Residential Expands Presence in Western Canada with Acquisition of Core Real Estate Group

    FirstService Residential, a leading property management company, has acquired Edmonton-based Core Real Estate Group, expanding its footprint in Western Canada. With over 15,000 residential units under management, the acquisition brings FirstService's total number of managed units in Canada to over 250,000.

    "We're thrilled to welcome Core Real Estate Group to our organization," said David Diestel, CEO of FirstService Residential. "This partnership will bring new local expertise and scale to benefit the communities we serve."

    The acquisition combines FirstService's customer-focused service and innovation with Core's local knowledge, enabling them to better serve residential communities in Edmonton. The Resident Support Services team and technology will be leveraged to respond quickly to resident inquiries, allowing community managers to focus on important projects.

    "We're excited to partner with FirstService," said David Brown, founder of Core Real Estate Group. "Our customers will benefit from combined expertise, industry-leading best practices, and property management resources."

    FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services.

    Media Contact

    Lillian Guerrero, FirstService Residential, 305-951-6817, [email protected], www.fsresidential.com

FirstService Residential expands portfolio with acquisition of Core Real Estate in US.