FirstService Residential Launches Risk Management Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Source: Yahoo Finance
- Program Launch: FirstService Residential has introduced the Resilience FirstSM program, designed to help communities reduce avoidable losses and enhance preparedness for water, fire, and storm-related incidents through complimentary pre-loss inspections and coordinated response resources.
- Collaborative Partnerships: The program collaborates with industry leaders such as First Onsite Property Restoration, Roofing Corp of America, and FirstService Insurance Brokers, leveraging their scale and expertise to provide greater value and support to managed communities.
- Pre-Loss Inspection Services: By offering complimentary pre-loss inspections, Resilience First assists communities in evaluating property conditions and identifying practical next steps before incidents occur, thereby enhancing property insurance readiness.
- Clear Emergency Response Path: The program provides FirstService Residential-managed properties with a clear path for engaging support quickly after a loss, ensuring consistent communication and enabling property management teams to respond more effectively to emergencies.
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Analyst Views on FSV
Wall Street analysts forecast FSV stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 144.640
Low
205.00
Averages
211.83
High
216.00
Current: 144.640
Low
205.00
Averages
211.83
High
216.00
About FSV
FirstService Corporation is a provider of residential property management and other essential property services to residential and commercial customers. Its segments include FirstService Residential and FirstService Brands. FirstService Residential is a full-service property manager and, in many markets, provides a full range of ancillary services primarily in the areas: on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel; proprietary banking and insurance products, and energy conservation and management solutions. FirstService Brands provides a range of essential property services to residential and commercial customers in North America through its own locations and franchise networks. Its principal brands include First Onsite Property Restoration, Paul Davis Restoration, Roofing Corp of America, Century Fire Protection, California Closets, CertaPro Painters, and Pillar to Post Home Inspectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FirstService Residential Launches Risk Management Program
- Program Launch: FirstService Residential has introduced the Resilience FirstSM program, designed to help communities reduce avoidable losses and enhance preparedness for water, fire, and storm-related incidents through complimentary pre-loss inspections and coordinated response resources.
- Collaborative Partnerships: The program collaborates with industry leaders such as First Onsite Property Restoration, Roofing Corp of America, and FirstService Insurance Brokers, leveraging their scale and expertise to provide greater value and support to managed communities.
- Pre-Loss Inspection Services: By offering complimentary pre-loss inspections, Resilience First assists communities in evaluating property conditions and identifying practical next steps before incidents occur, thereby enhancing property insurance readiness.
- Clear Emergency Response Path: The program provides FirstService Residential-managed properties with a clear path for engaging support quickly after a loss, ensuring consistent communication and enabling property management teams to respond more effectively to emergencies.
See More
FirstService Residential Appoints New Executive to Expand Colorado Market
- Executive Appointment: FirstService Residential has announced the appointment of Amy Bazinet as Senior Vice President, tasked with leading the company's expansion into Colorado, which is expected to drive long-term growth in the region.
- Leadership Experience: Amy brings over 15 years of experience in community association management and luxury residential operations, having served as Executive Director for a large-scale active adult community, where she improved governance and financial performance, showcasing her industry expertise.
- Market Opportunity: Colorado is viewed as a significant market opportunity, and Amy's local expertise and industry relationships are expected to lay a strong foundation for the company's success in the region, enhancing its competitive position.
- Service Culture Enhancement: Amy's appointment is seen as a crucial step in elevating service culture and operational excellence, which is anticipated to support FirstService Residential's continued growth in the Western market.
See More
FirstService Residential Appoints New Executive to Expand Colorado Market
- Executive Appointment: FirstService Residential has announced the appointment of Amy Bazinet as Senior Vice President, tasked with leading the company's expansion into Colorado, which is expected to establish a strong foundation for long-term growth.
- Leadership Experience: Amy brings over 15 years of leadership experience in community association management, luxury residential operations, and hospitality, having previously served as Executive Director for a large-scale active adult community where she enhanced governance and financial performance.
- Industry Recognition: Amy holds several respected industry designations, including Certified Manager of Community Associations (CMCA) and Professional Community Association Manager (PCAM), underscoring her commitment to professional excellence.
- Market Opportunity: Colorado is viewed as a significant market opportunity, and Amy's local expertise and industry relationships are expected to drive the company's success in the region, further enhancing its presence in the West.
See More
FirstService Acquires Schefers Roofing to Expand Market Presence
- Market Expansion: FirstService Corp.'s Roofing Corp of America subsidiary has acquired Schefers Roofing, thereby expanding its commercial roofing operations into the Kansas City market and further strengthening its presence in the Midwest U.S.
- Acquisition Background: Founded in 1995, Schefers Roofing provides installation, restoration, preventative maintenance, and leak repair services across Missouri, Northern Arkansas, and surrounding areas, enhancing FirstService's service capabilities in the region.
- Management Equity Retention: Post-acquisition, the existing management team of Schefers Roofing will retain a minority equity interest and continue overseeing day-to-day operations, which helps maintain business continuity and customer relationships.
- Stock Price Reaction: On Nasdaq, shares of FirstService Corporation closed Tuesday's trading up 3.33% at $143.01, reflecting a positive market response to the acquisition.
See More
FirstService Corporation Acquires Schefers Roofing to Expand Midwest Presence
- Acquisition Expands Market: FirstService's subsidiary, Roofing Corp of America, has acquired Schefers Roofing, further expanding its business in the Kansas City market and strengthening its position in the Midwest U.S.
- Management Team Retains Equity: The existing management team of Schefers retains a minority equity interest and will continue to oversee day-to-day operations, which helps maintain business continuity and expertise.
- Company Background: Founded in 1995 and headquartered in Kansas City, Missouri, Schefers Roofing is a full-service commercial roofing contractor providing installation, restoration, and maintenance services, serving customers throughout Missouri and Northern Arkansas.
- FirstService Overview: FirstService is a North American leader in the property services sector, generating over $5.5 billion in annual revenues with approximately 30,000 employees, demonstrating strong market influence and ongoing growth potential.
See More
FirstService Residential Selected for Clearwater Beach Luxury Condo Management
- Luxury Condo Management Partnership: FirstService Residential has been selected as the management partner for Viceroy Residences Clearwater Beach, marking the first new luxury condominium launched in Clearwater Beach in over a decade, which further expands the company's portfolio of high-end communities along Florida's Gulf Coast.
- Project Scale and Design: Developed by BH3 Management and U.S. Development, the project features two nine-story towers with 86 luxury residences directly along the water, setting a new standard for waterfront living and enhancing property values in the area.
- Exceptional Living Experience: Future residents will enjoy a range of indoor and outdoor amenities, including a private beach club, full-service spa, and fitness center, aimed at attracting high-end clientele through premium services and personalized experiences, thereby increasing market competitiveness.
- Wind-Resistant Design and Construction Standards: The project is engineered to a height of 18.6 feet, significantly above FEMA's 12-foot standard, utilizing full concrete construction and missile-impact glass designed to withstand winds of up to 165 miles per hour, ensuring safety and comfort for residents.
See More
FirstService Residential Launches Risk Management Program
- Program Launch: FirstService Residential has introduced the Resilience FirstSM program, designed to help communities reduce avoidable losses and enhance preparedness for water, fire, and storm-related incidents through complimentary pre-loss inspections and coordinated response resources.
- Collaborative Partnerships: The program collaborates with industry leaders such as First Onsite Property Restoration, Roofing Corp of America, and FirstService Insurance Brokers, leveraging their scale and expertise to provide greater value and support to managed communities.
- Pre-Loss Inspection Services: By offering complimentary pre-loss inspections, Resilience First assists communities in evaluating property conditions and identifying practical next steps before incidents occur, thereby enhancing property insurance readiness.
- Clear Emergency Response Path: The program provides FirstService Residential-managed properties with a clear path for engaging support quickly after a loss, ensuring consistent communication and enabling property management teams to respond more effectively to emergencies.
See More
FirstService Residential Appoints New Executive to Expand Colorado Market
- Executive Appointment: FirstService Residential has announced the appointment of Amy Bazinet as Senior Vice President, tasked with leading the company's expansion into Colorado, which is expected to drive long-term growth in the region.
- Leadership Experience: Amy brings over 15 years of experience in community association management and luxury residential operations, having served as Executive Director for a large-scale active adult community, where she improved governance and financial performance, showcasing her industry expertise.
- Market Opportunity: Colorado is viewed as a significant market opportunity, and Amy's local expertise and industry relationships are expected to lay a strong foundation for the company's success in the region, enhancing its competitive position.
- Service Culture Enhancement: Amy's appointment is seen as a crucial step in elevating service culture and operational excellence, which is anticipated to support FirstService Residential's continued growth in the Western market.
See More
FirstService Residential Appoints New Executive to Expand Colorado Market
- Executive Appointment: FirstService Residential has announced the appointment of Amy Bazinet as Senior Vice President, tasked with leading the company's expansion into Colorado, which is expected to establish a strong foundation for long-term growth.
- Leadership Experience: Amy brings over 15 years of leadership experience in community association management, luxury residential operations, and hospitality, having previously served as Executive Director for a large-scale active adult community where she enhanced governance and financial performance.
- Industry Recognition: Amy holds several respected industry designations, including Certified Manager of Community Associations (CMCA) and Professional Community Association Manager (PCAM), underscoring her commitment to professional excellence.
- Market Opportunity: Colorado is viewed as a significant market opportunity, and Amy's local expertise and industry relationships are expected to drive the company's success in the region, further enhancing its presence in the West.
See More
FirstService Acquires Schefers Roofing to Expand Market Presence
- Market Expansion: FirstService Corp.'s Roofing Corp of America subsidiary has acquired Schefers Roofing, thereby expanding its commercial roofing operations into the Kansas City market and further strengthening its presence in the Midwest U.S.
- Acquisition Background: Founded in 1995, Schefers Roofing provides installation, restoration, preventative maintenance, and leak repair services across Missouri, Northern Arkansas, and surrounding areas, enhancing FirstService's service capabilities in the region.
- Management Equity Retention: Post-acquisition, the existing management team of Schefers Roofing will retain a minority equity interest and continue overseeing day-to-day operations, which helps maintain business continuity and customer relationships.
- Stock Price Reaction: On Nasdaq, shares of FirstService Corporation closed Tuesday's trading up 3.33% at $143.01, reflecting a positive market response to the acquisition.
See More
FirstService Corporation Acquires Schefers Roofing to Expand Midwest Presence
- Acquisition Expands Market: FirstService's subsidiary, Roofing Corp of America, has acquired Schefers Roofing, further expanding its business in the Kansas City market and strengthening its position in the Midwest U.S.
- Management Team Retains Equity: The existing management team of Schefers retains a minority equity interest and will continue to oversee day-to-day operations, which helps maintain business continuity and expertise.
- Company Background: Founded in 1995 and headquartered in Kansas City, Missouri, Schefers Roofing is a full-service commercial roofing contractor providing installation, restoration, and maintenance services, serving customers throughout Missouri and Northern Arkansas.
- FirstService Overview: FirstService is a North American leader in the property services sector, generating over $5.5 billion in annual revenues with approximately 30,000 employees, demonstrating strong market influence and ongoing growth potential.
See More
FirstService Residential Selected for Clearwater Beach Luxury Condo Management
- Luxury Condo Management Partnership: FirstService Residential has been selected as the management partner for Viceroy Residences Clearwater Beach, marking the first new luxury condominium launched in Clearwater Beach in over a decade, which further expands the company's portfolio of high-end communities along Florida's Gulf Coast.
- Project Scale and Design: Developed by BH3 Management and U.S. Development, the project features two nine-story towers with 86 luxury residences directly along the water, setting a new standard for waterfront living and enhancing property values in the area.
- Exceptional Living Experience: Future residents will enjoy a range of indoor and outdoor amenities, including a private beach club, full-service spa, and fitness center, aimed at attracting high-end clientele through premium services and personalized experiences, thereby increasing market competitiveness.
- Wind-Resistant Design and Construction Standards: The project is engineered to a height of 18.6 feet, significantly above FEMA's 12-foot standard, utilizing full concrete construction and missile-impact glass designed to withstand winds of up to 165 miles per hour, ensuring safety and comfort for residents.
See More
