Studio City, Los Angeles, CA, August 25, 2011 — The Lofts at Studio City Homeowners Association has selected Merit Property Management, a FirstService Residential Management company, to manage the 52 unit mid-rise condominium community in Studio City, Los Angeles, CA. Merit will assist the board of directors with daily operations in order to provide HOA property management services to the community.
"The Lofts at Studio City board of directors chose Merit for the reputation of our company, our advanced technology as well as our staff training. Our experience and knowledge of mid-rise building operations and mechanical systems was a definite differentiator," states Gregg Lotane, PCAM, CCAM Merit's Vice President, Urban Division. "We're looking forward to helping residents and board members improve their urban lifestyle."
The Lofts at Studio City offer resident's a modern and luxurious lifestyle located in a desirable location in the heart of Studio City. Merit will take over management responsibilities on August 1, 2011 and create a seamless transition for residents and board members by bringing more than 30 years of community management experience to the new partnership.
About Merit
Since 1980, MERIT has grown to be one of the foremost providers of professional community association services in the Western States. Merit specializes in the forward planning and management of master planned, single family home/condominiums, active adult, and urban high- and mid-rise communities as well as rental property management for investors (www.meritrental.com).
Merit is a subsidiary of FirstService Residential Management (FSR). FSR is the largest manager of residential communities in North America, overseeing more than 5,300 properties and over 1.3 million residential units.
FirstService Residential Management is a subsidiary of FirstService Corporation (NASDAQ: FSRV, TSX: FSV), a global leader in the rapidly growing real estate services sector. Further information may be obtained at www.firstservice.com.
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