As of the close of Q3 2024, FirstService Residential's New York City management portfolio included more than 700 properties, comprising nearly 100,000 individual units in condominium, cooperative, and multifamily rental buildings.

NEW YORK, Nov. 10, 2024 /PRNewswire-PRWeb/ -- For the third consecutive year, FirstService Residential has been ranked New York's top property management company by The Real Deal. To rank the city's top property managers, The Real Deal analyzed the number of units under management using building data from the Department of Housing Preservation and Development from all five boroughs.

As of the close of Q3 2024, FirstService Residential's New York City management portfolio included more than 700 properties, comprising nearly 100,000 individual units in condominium, cooperative, and multifamily rental buildings. That figure positions FirstService Residential as the clear leader in the important urban market of New York City.

"New York City's rising property costs—driven by escalating energy prices, labor demands, and maintenance needs—are affecting buildings across the city," said Stephen Dunmore, president of FirstService Residential New York. "Our top priority is to equip our clients with targeted strategies that curb these expenses and enhance the quality of life for residents. Through our scale and data-driven insights, we bring solutions that keep buildings running efficiently and communities thriving."

"We continue to be bullish on the future of New York and our commitment remains unwavering: to balance growth with exceptional service delivery in each neighborhood," said David Diestel, FirstService Residential CEO. "With each new partnership, we prioritize simplifying life for residents, boards, and developers."

In 2024, FirstService Residential was selected by Great Place To Work® and Fortune magazine as one of the Best Workplaces for Women™ and a Best Workplace in Real Estate, named a Work Wellbeing 100 Company by Indeed, and awarded a Great Place To Work® Certification for the second consecutive year. In the New York market, the company was selected to participate in the Empire Building Challenge, a competitive $50 million initiative administered by the New York State Energy Research and Development Authority (NYSERDA) to decarbonize existing multifamily residential and commercial high-rise buildings.

In 2023, FirstService Residential was named Accredited Management Organization (AMO) of the Year by the New York Chapter of the Institute of Real Estate Management (IREM) and also was named Organization of the Year by SiteCompli.

About FirstService Residential

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident.

Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.

Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.

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

Media Contact

Britni Ackrivo, Gregory FCA, 856.906.9615, backrivo@gregoryfca.com, www.fsresidential.com/new-york

Sebastian Morris, FirstService Residential New York, 212.324.9791, sebastian.morris@fsresidential.com, www.fsresidential.com/new-york

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SOURCE FirstService Residential