Add-on Acquisition • Real Estate

Firstservice Residential Management Acquires CitiScape

On June 11, 2024, Firstservice Residential Management acquired real estate company CitiScape

Acquisition Context
  • This is Firstservice Residential Management’s 4th transaction in the Real Estate sector.
  • This is Firstservice Residential Management’s 5th transaction in the United States.
  • This is Firstservice Residential Management’s 1st transaction in California.

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M&A Deal Summary

Date June 11, 2024
Target CitiScape
Sector Real Estate
Buyer(s) Firstservice Residential Management
Deal Type Add-on Acquisition

Target Company

CitiScape

San Francisco, California, United States
CitiScape is a provider of residential and commercial association management service. CitiScape was formed in 1999 and is headquartered in San Francisco, California.
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Buyer Overview 1

Buyer

Firstservice Residential Management

Dania Beach, Florida, United States

Category Company
Founded 2007
Sector Real Estate
DESCRIPTION

Firstservice Residential Management, Inc. is a residential property management company. Firstservice Residential Management, Inc. was founded in 2007 and is based in Dania Beach, Florida.


Deal Context for Buyer #
Overall 5 of 6
Sector: Real Estate 4 of 5
Type: Add-on Acquisition 5 of 6
State: California 1 of 1
Country: United States 5 of 5
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Rizzetta

Tampa, Florida, United States

Rizzetta is a provider of consulting and management services to community development districts (CDDs) and homeowners associations ("HOAs"). Rizzetta was founded in 1986 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-08 Core Real Estate Group

Edmonton, Alberta, Canada

Core Real Estate Group is a property management company that manages over 15,000 residential units across Alberta. Core Real Estate Group was founded in 2011 and is based in Edmonton, Alberta.

Buy -