Elk Grove’s Premier Master-planned Community, Stonelake, Selects MERIT for Property Management Services and Financial Budget Analysis


MERIT will provide additional services and maintenance programs to enhance the community

Sacramento, CA – October 28, 2009 – (RealEstateRama) — The Stonelake Homeowners Association has selected MERIT, a leading provider of professional community association and rental management services, to manage their 1,467 single family unit community located in Elk Grove, CA. MERIT will assist the board of directors with daily operations as well as financial budget analysis and planning.

“Stonelake’s board members were seeking assistance with their 2010 budget and wanted to reduce assessments while at the same time enhance community services and programs,” states Joe Price, Northern California Vice President of Community Management. “We are proud to announce that Stonelake’s board was able to accomplish their goal.  This is a very rare feat in these challenging times and we commend the board for taking proactive steps to better serve their community.”

“We are delighted to begin a new partnership with MERIT and looking forward to a long relationship,” stated Michele Mihalko, board president. “All of the board members are very impressed with MERIT’s professionalism, depth of industry knowledge and their exceptional customer service.”

MERIT will take over management responsibilities on the first of January. The Stonelake community offers residents a variety of amenities including a clubhouse, pool, children’s karate, Spanish language and dance classes and adult personal trainers, yoga, aerobics and zumba classes.

MERIT, through its local office, has been serving communities in the Sacramento area for more than six years.

Since 1980, MERIT (www.meritpm.com) 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 part of FirstService Residential Management which manages more then 3,700 communities, representing more than 1,000,000 homes/units in 18 states. FirstService Residential Management is a subsidiary of FirstService Corporation (NASDAQ:FSRV).

For additional information on this topic or to schedule an interview, please contact Amy Sarti at asarti (at) meritpm (dot) com or visit www.meritpm.com.

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