FirstService Residential Selected to Manage Marina Pointe East in Tampa Bay

Executive Summary

• FirstService Residential has been selected as the management partner for Marina Pointe East, a luxury waterfront high-rise community located in Tampa Bay's Westshore Marina District.
• The appointment follows a 60-day transition period, with the community's board reporting that the new management's professionalism and proactive approach have already exceeded expectations.
• The selection reinforces FirstService Residential's strategic expansion and market presence within Florida's Gulf Coast luxury residential sector.

Key Details

• Property: Marina Pointe East, a landmark luxury waterfront high-rise situated on 52 acres in Tampa Bay's Westshore Marina District.
• Location & Amenities: Offers direct access to a deepwater marina and yacht basin, panoramic views of Tampa Bay and the city skyline, and is located minutes from downtown Tampa and St. Petersburg.
• Transition Status: Management transition occurred approximately 60 days prior to the announcement, with early operational feedback and board satisfaction already confirmed.
• Management Focus: FirstService Residential will apply its hospitality-driven approach, emphasizing operational excellence, financial stewardship, lifestyle programming, and resident experience enhancement.
• Corporate Context: FirstService Residential operates as a subsidiary of FirstService Corporation (NASDAQ and TSX: FSV), a North American leader in property services.

Notable Quotes

• Board of Directors, Marina Pointe East: "It's only been 60 days since transitioning to FirstService Residential, and what we've seen so far has exceeded our expectations. Their professionalism, responsiveness, and proactive approach have already made a meaningful difference at Marina Pointe East, and we look forward to continuing this partnership."
• Sheriff Masry, Vice President of High-Rise, FirstService Residential: "Marina Pointe East sets a high standard for luxury waterfront living, and our partnership is focused on enhancing the resident experience to reflect that every single day. By combining operational excellence with a hospitality-driven approach, we look forward to elevating service, strengthening community engagement, and delivering the distinctive lifestyle residents expect from one of Tampa Bay's premier residential destinations."