FSV - FirstService Residential Further Enhances Market Leadership Position in California | Benzinga
TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- FirstService Corporation (NASDAQ:FSV) ("FirstService") announced today that FirstService Residential, the North American residential property management leader, has acquired San Francisco-based CitiScape Property Management Group, LLC ("CitiScape"). CitiScape's existing executive team will continue to lead day-to-day operations. Terms of the transaction were not disclosed.
Founded in 1999, CitiScape is a leading full-service community association management firm in the San Francisco metropolitan market, providing a range of property management and project management services to high-rise condominium and homeowner association clients. The acquisition solidifies FirstService Residential's market leadership in the Bay Area of Northern California.
"The addition of CitiScape further extends our position as the residential property management leader in California, which is one of our largest markets," said David Diestel, CEO of FirstService Residential. "We welcome the CitiScape team and look forward to collectively working to deliver service excellence to our clients and drive further growth in the San Francisco Bay Area."
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