Property management company FirstService Residential announced that it added 7,750 residential units to its client portfolio in 2023. The mix of units includes steady-state condominium, cooperative and multifamily rental units, as well as newly constructed high-rise and ultra-luxury residences.
Among the most notable additions to the company’s management portfolio are Claremont Hall, a 165-unit ultra-luxury condo tower recently completed by Robert A.M. Stern for L&M Development Partners; Woodside Central, a dual-tower, mixed-use complex in Queens with nearly 500 apartments developed by Madison Realty Capital; The Chrystie, a high-end, 361 unit rental property in Lower Manhattan and 555 Waverly, a 191-unit boutique rental building in Clinton Hill, Brooklyn.
“Our continued investments in robust financial and operational systems, top-tier talent and partnerships with AI-powered building management system developers is why thousands of board members and building owners trust FirstService Residential with their most valuable assets,” said Stephen Dunmore, president of FirstService Residential New York. “Our team looks forward to continuing to add value to our clients by helping to reduce operating costs through our unique value-added services including banking, insurance, lending, and energy efficiency.”
In addition to property management operations, the company’s energy management and advisory subsidiary, FirstService Energy, secured millions of dollars in energy incentives and utility credits for FirstService clients, including the installation of electric vehicle charging stations, the integration of smart AI building management systems, LED lighting retrofits and community distributed generation projects the drastically reduce a building’s carbon footprint.
