Colliers Parent Opting Out from its Largest REO Services Contract

Colliers International parent FirstService Corp. has decided to transition out of a large property services agreement with a U.S. government-sponsored entity to manage a portfolio of foreclosed residential properties.

The agreement, initially awarded in 2008 to FirstServices’ Field Asset Services (FAS) company, was reset earlier this year with a significantly increased scope in work without an increase in additional pricing to FirstService, said…
National Commercial Real Estate News From CoStar Group