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FirstService Residential Welcomes Elkins Park House to its Pennsylvania Portfolio

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FirstService Residential (NYSE:FSV) announced on October 22, 2025 that it was selected to provide full-service property management for Elkins Park House Condominium Association, a nine-story high-rise in Elkins Park, Pennsylvania. The building was previously self-managed; the board chose FirstService Residential for professional management and collaborative governance. The property features concierge services, a fitness center, and a pool, and serves individuals and families seeking a community atmosphere. Company leaders said the team is already engaged with the board and residents to transition operations.

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News Market Reaction 40 Alerts

-0.14% News Effect
-6.6% Trough in 5 hr 33 min
-$11M Valuation Impact
$8.08B Market Cap
2.3x Rel. Volume

On the day this news was published, FSV declined 0.14%, reflecting a mild negative market reaction. Argus tracked a trough of -6.6% from its starting point during tracking. Our momentum scanner triggered 40 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $11M from the company's valuation, bringing the market cap to $8.08B at that time. Trading volume was elevated at 2.3x the daily average, suggesting increased selling activity.

Data tracked by StockTitan Argus on the day of publication.

ELKINS PARK, Pa., Oct. 22, 2025 /PRNewswire/ -- FirstService Residential, the leading residential community management company, is proud to announce it has been selected to provide full-service property management for Elkins Park House Condominium Association, a nine-story, high-rise residential community in Elkins Park, Pennsylvania.

"We're excited to have Elkins Park House as part of the FirstService Residential family," said Michael Mendillo, President, FirstService Residential. "Previously self-managed, the board opted to retain a professional management company equipped to take them into the future."

Situated in Elkins Park, this building features numerous amenities, including concierge services, a fitness center, and a pool. It attracts individuals and families looking for a community feel.

"We've hit the ground running and are fully engaged with the board and residents," said Arthur Bartikofsky, Senior Vice President, FirstService Residential. "Our approach to community management struck the board—they were looking for a partner with deep industry expertise and a collaborative mindset to take them from self-managed to managed effectively.

~www.fsresidential.com~

About FirstService Residential

FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident.

Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community's specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.

Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.

FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/firstservice-residential-welcomes-elkins-park-house-to-its-pennsylvania-portfolio-302591155.html

SOURCE FirstService Residential

FAQ

What did FirstService Residential announce on October 22, 2025 about Elkins Park House (FSV)?

FirstService Residential announced it will provide full-service property management for Elkins Park House, a nine-story condominium in Elkins Park, PA.

How will FirstService Residential (FSV) change management at Elkins Park House?

The board moved from self-management to retain FirstService Residential for professional, full-service community management and board support.

What amenities does Elkins Park House include according to FirstService Residential's announcement?

The building features concierge services, a fitness center, and a pool.

Who at FirstService Residential commented on the Elkins Park House engagement (FSV)?

Michael Mendillo, President, and Arthur Bartikofsky, Senior Vice President, were quoted about the engagement.

When will FirstService Residential start managing Elkins Park House (FSV)?

The company said it has already begun engagement with the board and residents to transition to managed operations.
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