Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

FirstService Expands Residential Property Management Operations

Acquires Condominium Concepts Management, Inc. and Community Management Group, LLC

TORONTO, Nov. 08, 2018 (GLOBE NEWSWIRE) -- FirstService Corporation (NASDAQ: FSV; TSX: FSV) announced today that FirstService Residential has expanded its market-leading residential property management operations with the recent acquisitions of Condominium Concepts Management, headquartered in Atlanta, Georgia, and Community Management Group, based in Charleston, South Carolina. These transactions add more than 250 homeowner associations and 40,000 residential units to the company’s portfolio and further extend FirstService Residential’s leadership position of over 8,000 associations and 1.6 million residential units within its North American portfolio of properties under management. Terms of the transactions were not disclosed.

“These two key additions to our platform extend our leadership positions and further expand our geographic footprint in large, growing markets,” said Chuck Fallon, CEO of FirstService Residential. “We are delighted to be adding such highly respected organizations to the FirstService Residential family and look forward to working closely with the leadership teams at Condominium Concepts and Community Management Group to further enhance the value and service offerings delivered to their clients.”

Condominium Concepts Management, founded in 1994 and currently led by CEO Darlys Walker, is one of the leading residential property management firms in the south-eastern U.S. with particular strength in Atlanta, the ninth largest metropolitan market in the U.S., and surrounding areas. The company also manages properties in Florida, Tennessee and South Carolina. The acquisition enhances FirstService Residential’s footprint across the region and provides the company with a significant presence in the fast-growing Nashville, Tennessee market.

Community Management Group, established in 2005 and currently led by President Steve Peck, is one of the largest homeowner association management companies in South Carolina, especially in the greater Charleston metropolitan area. This acquisition establishes FirstService Residential as the clear market leader in South Carolina.

About FirstService Corporation
FirstService Corporation is a North American leader in the property services sector, serving its customers through two industry-leading service platforms: 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 $1.8 billion in annual revenues and has more than 19,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Subordinate Voting Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange under the symbol "FSV". 

For the latest news from FirstService Corporation, visit


Jeremy Rakusin
FirstService Corporation
(416) 960-9500

Chuck Fallon
FirstService Residential
(954) 926-2921

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).