FirstService Residential Welcomes The Reserve at Chestnut Ridge HOA in Kent County, Delaware

FirstService Residential (NYSE:FSV) has been selected to provide full-service property management for The Reserve at Chestnut Ridge Homeowners Association in Magnolia, Delaware, effective April 16, 2026.

Rhea-AI Summary

FirstService Residential (NYSE:FSV) has been selected to provide full-service property management for The Reserve at Chestnut Ridge Homeowners Association in Magnolia, Delaware, effective April 16, 2026. The amenity-rich community includes a clubhouse, pool, fitness center, playground, and walking trails.

Company leaders Michael Mendillo and Trent Harrison said the team is already working with the board and residents to deliver responsive, high-quality service and leverage FirstService Residential's resources and experience.

Argus Apr 16 session

-0.09% close to close Open Argus

Details

News Market Reaction – FSV

In the Apr 16 session, FSV declined 0.09%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds another Delaware community to FirstService Residential’s management portfolio...

Analysis

This announcement adds another Delaware community to FirstService Residential’s management portfolio, reinforcing a steady expansion theme seen in recent HOA wins and regional initiatives. Investors may focus on how a growing base of amenity-rich communities supports the residential segment’s revenue, alongside previously reported 2025 growth and tuck-under acquisitions. Monitoring future disclosures on segment performance and additional contract wins could help gauge the cumulative impact of these incremental mandates.

Historical Context

5 past events · Latest: Apr 14

5 events

1. Apr 14

   Leadership appointment

   24h Move

   +0.3%

   Industry veteran rejoined to lead developer and builder solutions initiatives.

2. Apr 14

   Tuck-under acquisitions

   24h Move

   +0.3%

   Two tuck-under acquisitions expanded Paul Davis and California Closets operations.

3. Apr 13

   HQ upgrade

   24h Move

   +1.9%

   Reimagined regional HQ opened to support collaboration and regional growth.

4. Apr 13

   Community win

   24h Move

   +1.9%

   Salt Pond HOA in Delaware selected FSV for full-service property management.

5. Apr 01

   Governance & AGM

   24h Move

   +1.1%

   Election of all director nominees and approvals of auditor and plan changes.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MAGNOLIA, Del., April 16, 2026 /PRNewswire/ -- FirstService Residential, North America's leading residential community management company, has been selected to provide full-service property management for The Reserve at Chestnut Ridge Homeowners Association in Magnolia, Delaware.

"We are pleased to welcome The Reserve at Chestnut Ridge to the FirstService Residential family," said Michael Mendillo, President of FirstService Residential. "We look forward to partnering with the board to enhance the resident experience and deliver responsive, high-quality service."

Located between Dover and Milford, The Reserve at Chestnut Ridge offers convenient access to area beaches, shopping, employment centers, and local attractions. The amenity-rich community features a clubhouse, pool, fitness center, playground, and walking trails, along with a variety of home styles.

Trent Harrison, President at FirstService Residential, added: "Our team is already working closely with the board and residents. They were looking for a management partner with strong resources and deep experience, and we are proud to deliver both from day one."

~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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/firstservice-residential-welcomes-the-reserve-at-chestnut-ridge-hoa-in-kent-county-delaware-302738170.html

SOURCE FirstService Residential

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did FirstService Residential (FSV) announce on April 16, 2026 about The Reserve at Chestnut Ridge?

FirstService Residential announced it will provide full-service property management for The Reserve at Chestnut Ridge HOA. According to the company, the team is already working with the board and residents to deliver responsive, high-quality service and support.

How will the FSV management agreement affect residents of The Reserve at Chestnut Ridge?

Residents should expect a dedicated management team and day-one service coordination from FirstService Residential. According to the company, the partnership aims to enhance the resident experience and provide access to its operational resources and experience.

What amenities does The Reserve at Chestnut Ridge community include in the FSV announcement?

The community features a clubhouse, pool, fitness center, playground, and walking trails. According to the company, these amenity highlights were cited to describe the property and its appeal to residents and prospective homeowners.

Who from FirstService Residential commented on the new HOA engagement for FSV?

Michael Mendillo and Trent Harrison provided public comments welcoming the HOA and noting operational readiness. According to the company, Mendillo highlighted the welcome, and Harrison noted the team's immediate work with the board and residents.

Where is The Reserve at Chestnut Ridge located and what local access did FSV mention?

The Reserve at Chestnut Ridge is in Magnolia, Delaware, between Dover and Milford with access to beaches and shopping. According to the company, the location offers convenient access to area beaches, shopping, employment centers, and local attractions.