SOURCE: MERIT Property Management

MERIT Property Management

March 08, 2010 17:28 ET

MERIT Property Management Expands Bay Area Operations and Opens Downtown San Francisco Office

Expansion Increases MERIT's Ability to Provide Community Association Services to San Francisco Urban, Mid-Rise, High-Rise and Mixed-Use Communities

SAN FRANCISCO, CA--(Marketwire - March 8, 2010) -  MERIT Property Management, a leading provider of professional community association and rental management services, announces a new office in the heart of downtown San Francisco's financial district to expand their Bay Area operations. The expansion builds off of MERIT's 30 years of relationships with communities and board members throughout the Bay Area and aids in developing relationships with new clients throughout San Francisco's urban areas. 

"MERIT Property Management has been working with us at Mission Bay for the past 11 years, during this time they have consistently demonstrated their ability and flexibility to meet the lifestyle needs of our residents," states Philip Owen, president of Mission Bay Development Group, LLC. "In addition, they have helped us focus efforts on environmental revitalization and the implementation of successful mixed-use components, including retail and commercial."

MERIT Property Management currently man­ages over 5,700 urban units throughout California, ranging from communities with 60 units to over 500 units. Industry leading solutions and innovative proprietary technology help MERIT provide successful community association management services for all aspects of urban, mid-rise, high-rise and mixed-use developments including managing exterior building and parking structure maintenance, city owned public parks, building operations and maintenance of such mechanical systems as complex HVAC systems, boiler systems and high-speed elevators. MERIT also works with each mixed-use community to develop strategic financial planning and budget analysis with separate cost center accounting for vertical neighborhoods and retail developments.

The new office is located at 50 California Street, 19th Floor, San Francisco, CA 94111. The office currently supports urban, mid-rise, high-rise and mixed-use communities in the Bay Area with the promise of continued growth throughout 2010.

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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