FirstService Corp Expands with Core Real Estate Group Acquisition to Enhance Property Management
- FirstService Residential acquired Core Real Estate Group, expanding its portfolio to over 250,000 residential units in Canada.
- The acquisition enhances FirstService Residential's operational capabilities and service offerings in Western Canada.
- FirstService Residential is committed to using advanced technology for improved resident experiences and streamlined property management.
FirstService Residential Expands Footprint with Core Real Estate Group Acquisition
On May 8, 2025, FirstService Residential announces its acquisition of Core Real Estate Group, a well-established property management firm based in Edmonton, Alberta. Founded in 2011, Core Real Estate Group manages over 15,000 residential units, and this acquisition elevates FirstService Residential's portfolio to more than 250,000 residential units across Canada. This strategic move enhances FirstService Residential's position as a leader in the property management sector and is poised to strengthen its operational capabilities in Western Canada.
David Diestel, CEO of FirstService Residential, underscores the significance of this acquisition in expanding the company’s reach and service offerings in Western Canada. The integration of Core Real Estate Group brings local expertise that complements FirstService’s extensive resources, allowing for improved service delivery to residents. Glenne Manlig, President of FirstService's Alberta operations, emphasizes the potential to leverage this partnership for enhanced customer-focused services and innovative solutions. The collaboration is designed to empower community managers, enabling them to focus on essential projects backed by FirstService's Resident Support Services team and state-of-the-art technology.
The acquisition is not only about expanding market share; it also reflects FirstService Residential’s commitment to enhancing the quality of life for residents. The company aims to simplify property management through 24/7 customer care and tailored programming. David Brown, founder of Core Real Estate Group, expresses optimism about the merger, recognizing FirstService Residential as a Great Place To Work® and one of Canada's Best Workplaces™. He believes that the union will facilitate the sharing of best practices and expertise, ultimately leading to improved service delivery across their combined operations.
In addition to the acquisition, FirstService Residential continues to focus on innovation within the industry. The company is dedicated to integrating advanced technology and customer support systems to streamline operations and enhance resident experiences.
As FirstService Residential integrates Core Real Estate Group into its operations, it sets a powerful example of how strategic acquisitions can drive growth and improve service quality in the property management industry. This move not only solidifies FirstService's market presence but also reinforces its commitment to meeting the evolving needs of communities across North America.