SOURCE: MERIT Property Management

MERIT Property Management

May 04, 2010 13:45 ET

MERIT Property Management Announces First Quarter Sales Results

Increase of More Than 4,500 Community Homeowner Association and Rental Management Units to Portfolio

ALISO VIEJO, CA--(Marketwire - May 4, 2010) -  MERIT Property Management, a leading provider of professional community association and rental management services, announces today quarterly sales resulting in an increase of more than 4,500 units to their community management and rental portfolio in the first quarter of 2010. MERIT's strategic initiatives include expanding market penetration, entering new segments and developing innovative products to grow sales.

"We are accelerating our services in response to new opportunities including our expansion in the San Francisco and Los Angeles markets," states Bob Cardoza, MERIT's Executive Vice President, Sales and Marketing. "We also positioned the right leadership to grow our urban and active adult markets."

MERIT serves more than 300 community homeowner associations through ten regional offices throughout the state of California. For more information about MERIT, go to www.meritpm.com.

About MERIT Property Management 
Since 1980, MERIT Property Management (www.meritpm.com) has grown to be one of the foremost providers of professional community association services in the western states. MERIT specializes in the forward planning and management of master planned, single family home/condominiums, active adult, and urban high- and mid-rise communities as well as rental property management for investors (www.meritrental.com).

MERIT Property Management is a part of FirstService Residential Management which manages over 3,700 communities, representing more than 1,000,000 homes/units in 18 states. FirstService Residential Management is a subsidiary of FirstService Corporation (NASDAQ: FSRV).

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