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Property Management Company First Service
TORONTO — FirstService Corporation announced it has increased the size and breadth of its market leading residential property management business in New York City through the acquisition of Goodstein Management, one of New York’s most respected providers of residential property management services. Goodstein Management manages more than 9,000 units in New York City and generated more than $7 million in revenues in calendar 2009. Terms of the transaction were not disclosed.
“All of us at Goodstein Management are delighted to be joining FirstService Residential and its market leading platform in New York and the Tri-State Region,” said Sandy Lewis, CEO of Goodstein Management. “FirstService’s proven track record, leading-edge operating systems and proprietary programs will help us add greater value to our clients and accelerate our growth in the years to come.”
“Expanding our market-leading position in New York City has been a key strategic priority for us and further demonstrates our ability to enhance the value of some of the most important properties and clients in New York,” said Gene Gomberg, CEO of FirstService Residential. “The addition of Goodstein Management, with its exceptional management team and portfolio of iconic properties, is another step forward in our strategy in the North East. We look forward to working with Sandy Lewis and his highly capable management team.”
ABOUT FIRSTSERVICE
FirstService Corporation is a global diversified leader in the rapidly growing property services sector, providing services in the following three areas: commercial real estate, residential property management; and property services. The industry-leading service platform includes Colliers International, the third largest global player in commercial real estate services; FirstService Residential Management, the largest manager of residential communities in North America; and TFC, North America’s largest provider of property services through franchise and contractor networks.
FirstService generates more than US $1.8 billion in annualized revenues and has over 18,000 employees worldwide.
Source: First Service
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. FirstService Strengthens its Market Leading Position in Residential Property Management in New York is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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