June 2023
FirstService Residential has announced the acquisition of Toronto-based Crossbridge Condominium Services.
Founded in 1996, Crossbridge Condominium Services, formerly Brookfield Residential, manages over 75 properties and more than 20,000 residential units in Ontario.
FirstService Residential is North America’s property management leader. They manage more than 9,000 properties representing over 1.8 million residential units across the U.S. and Canada. The company manages nearly 800 communities and 200,000 residential units across Canada.
By reputation, FirstService Residential has been more focused on automating processes and making it easier to get management tasks done including communications. The company reportedly is more efficient in managing accounting and billing. They retain fewer back-office employees while relying on technology to automate and speed up accounting processes and reporting.
