FirstService Residential Risk Report

⚖️ Legal & Regulatory

FirstService Residential faces both opportunities and challenges on the legal front, notably in terms of regulatory and compliance matters. The company has been involved in several legal suits concerning homeowners associations (HOAs) and discrimination charges. Responding to these allegations effectively could either reinforce or damage their market reputation.

• FirstService Residential was involved in a discrimination lawsuit filed by the McKinney Housing Authority due to allegations of racial discrimination by a homeowners association 🗓 2025-06-04.
• A lawsuit was filed against a North Texas HOA and a national property manager for blocking Section 8 renters 🗓 2025-06-04.
• Texas HOA, under FirstService, faced discrimination charges for banning Section 8 renters 🗓 2025-01-20.
• Federal labor board settled with FirstService Residential Minnesota over anti-union tactics 🗓 2023-05-01.

👥 Labor & Workforce

Labor and workforce conditions have been dynamic at FirstService Residential, highlighted by past union activities and workforce management changes. Actions towards resolving union-related disputes and promoting workforce satisfaction appear ongoing, which could significantly impact employee relations and operational efficiency.

• Workers threatened a second strike at Twin Cities’ largest condo management company, affiliated with FirstService, due to labor disputes 🗓 2023-03-23.
• FirstService Residential in Minnesota dropped noncompete agreements for workers amid legislative considerations 🗓 2023-02-07.

🏗️ Operational & Business Continuity

Operational continuity for FirstService Residential is notably strengthened through strategic acquisitions, enhancing their comprehensive portfolio management across key regions in the United States. These expansions ensure a robust business model aimed at sustainability and extended market reach.

• The company acquired the Core Real Estate Group to expand its operations 🗓 2025-05-08.

🏅 Awards & Recognition

FirstService Residential's commitment to excellence is evident in its recognition as a top workplace and other industry awards. Such accolades help enhance their brand value and attract talent, contributing positively to their corporate image.

• FirstService Residential was ranked among the Best Workplaces™ in Canada 🗓 2025-04-07.