FirstService Residential unit acquires Midboro Management

FirstService Corp.'s FirstService Residential Inc. unit acquired Midboro Management LLC.

Midboro President Michael Wolfe retained a minority equity interest and will continue to run day-to-day operations.

Midboro has 15,000 units under management across more than 150 condominium and cooperative properties in New York City. With this addition, FirstService Residential's New York operations will oversee more than 600 properties encompassing almost 100,000 units under management.