AUSTIN, Texas, May 7, 2026 /PRNewswire/ -- FirstService Residential, North America&#39;s leading community management company, has assumed management of The Code, a design-forward hotel residence community located in

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">AUSTIN, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">May 7, 2026</span> /PRNewswire/ -- FirstService Residential, North America&#39;s leading community management company, has assumed management of The Code, a design-forward hotel residence community located in Austin&#39;s Zilker neighborhood.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                        <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/2742140/FirstService_Residential_Logo.html" target="_blank" rel="nofollow">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/2742140/FirstService_Residential_Logo.jpg" title="FirstService Residential is simplifying property management (PRNewsfoto/FirstService Residential)" alt="FirstService Residential is simplifying property management (PRNewsfoto/FirstService Residential)"></img>
                        </a>
                </p>
    </div>
<p xmlns="http://www.w3.org/1999/xhtml">Developed by Pearlstone Partners in collaboration with AvantStay, The Code blends fully furnished private residences with hospitality-style services and amenities. The five-story, 178-property offers flexible living options for short-term and extended stays within one of Austin&#39;s most desirable urban corridors.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;We chose FirstService Residential because they truly understand how high-rise and mixed-use communities operate and what it takes to support a lifestyle-driven residential experience,&#34; said Bill Knauss, President of Pearlstone Partners. &#34;They are successfully managing other Pearlstone Partners communities, so we knew we were partnering with a team that has a proven track record and the experience needed to support The Code both day to day and for the long term.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">The Code features a collection of fully furnished studio, one-bedroom, and two-bedroom residences, along with shared amenities that include concierge services, a resort-style pool, rooftop terrace, co-working areas, wellness spaces, and on-site food and beverage offerings. The development reflects Austin&#39;s creative character while delivering a professionally managed living environment.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;We are proud to partner with The Code and support this innovative residential concept,&#34; said Susan Ward-Freeman, president of the high-rise division in Texas for FirstService Residential. &#34;Our team is committed to delivering consistent operational excellence, protecting the long-term value of the property, and supporting a high-quality experience for residents and owners, building on the work we&#39;ve done at other Pearlstone Partners communities.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Through this partnership, FirstService Residential will oversee day-to-day management, operations, and resident services, providing the infrastructure, systems, and local expertise needed to support a complex, hospitality-influenced community.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About FirstService Residential<br xmlns="http://www.w3.org/1999/xhtml"></br></b>FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident.</p><p xmlns="http://www.w3.org/1999/xhtml">Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community&#39;s specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.</p><p xmlns="http://www.w3.org/1999/xhtml">Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.</p><p xmlns="http://www.w3.org/1999/xhtml">FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX:FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=NY53195&amp;sd=2026-05-07"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/firstservice-residential-expands-austin-high-rise-portfolio-with-the-code-302765435.html" target="_blank">https://www.prnewswire.com/news-releases/firstservice-residential-expands-austin-high-rise-portfolio-with-the-code-302765435.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE FirstService Residential</p>

TSX:FSV

FirstService Residential expands Austin high-rise portfolio with The Code

FirstService Residential Expands Portfolio with Management of Austin’s The Code

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>AUSTIN, Texas, May 7, 2026 /PRNewswire/ -- FirstService Residential, North America&amp;#39;s leading community management company, has assumed management of The Code, a design-forward hotel residence community located in</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>FirstService Residential has assumed management of The Code, an innovative hotel residence community in Austin. This expansion highlights the company&#039;s commitment to lifestyle-oriented living environments, positioning it for potential revenue growth in a high-demand market.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>FirstService Residential manages The Code in Austin&#039;s Zilker neighborhood.</li><li>The Code offers 178 furnished residences with high-end amenities.</li><li>This partnership emphasizes a lifestyle-driven residential experience.</li><li>FirstService Residential aims to protect long-term property value.</li><li>The company leverages hospitality-style services in property management.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Pearlstone Partners (N/A)</strong>: Developer of The Code, indicating strong partnership potential for future projects.</li><li><strong>AvantStay (N/A)</strong>: Collaborated with Pearlstone on The Code, indicating a trend toward innovative property management solutions.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits within &#039;Corporate Developments&#039; as it marks a significant management expansion by FirstService Residential, strengthening its position in the competitive residential services market.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Management of The Code could substantially increase FSV&#039;s revenue in the upcoming quarters.</li><li>High-demand urban properties like The Code enhance FirstService&#039;s brand and market presence.</li><li>Successful operations at The Code may lead to more management contracts in booming areas.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>The Code has 178 upscale residences for short and long-term stays.</li><li>FirstService Residential is known for its expertise in high-rise community management.</li><li>The property features amenities like a resort-style pool and concierge services.</li><li>This partnership focuses on enhancing lifestyle-driven residential experiences.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>TSX:FSV is well-positioned for growth from expanded management contracts in Austin.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">AUSTIN, Texas</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">May 7, 2026</span> /PRNewswire/ -- FirstService Residential, North America&#39;s leading community management company, has assumed management of The Code, a design-forward hotel residence community located in Austin&#39;s Zilker neighborhood.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                        <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/2742140/FirstService_Residential_Logo.html" target="_blank" rel="nofollow">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/2742140/FirstService_Residential_Logo.jpg" title="FirstService Residential is simplifying property management (PRNewsfoto/FirstService Residential)" alt="FirstService Residential is simplifying property management (PRNewsfoto/FirstService Residential)"></img>
                        </a>
                </p>
    </div>
<p xmlns="http://www.w3.org/1999/xhtml">Developed by Pearlstone Partners in collaboration with AvantStay, The Code blends fully furnished private residences with hospitality-style services and amenities. The five-story, 178-property offers flexible living options for short-term and extended stays within one of Austin&#39;s most desirable urban corridors.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;We chose FirstService Residential because they truly understand how high-rise and mixed-use communities operate and what it takes to support a lifestyle-driven residential experience,&#34; said Bill Knauss, President of Pearlstone Partners. &#34;They are successfully managing other Pearlstone Partners communities, so we knew we were partnering with a team that has a proven track record and the experience needed to support The Code both day to day and for the long term.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">The Code features a collection of fully furnished studio, one-bedroom, and two-bedroom residences, along with shared amenities that include concierge services, a resort-style pool, rooftop terrace, co-working areas, wellness spaces, and on-site food and beverage offerings. The development reflects Austin&#39;s creative character while delivering a professionally managed living environment.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;We are proud to partner with The Code and support this innovative residential concept,&#34; said Susan Ward-Freeman, president of the high-rise division in Texas for FirstService Residential. &#34;Our team is committed to delivering consistent operational excellence, protecting the long-term value of the property, and supporting a high-quality experience for residents and owners, building on the work we&#39;ve done at other Pearlstone Partners communities.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Through this partnership, FirstService Residential will oversee day-to-day management, operations, and resident services, providing the infrastructure, systems, and local expertise needed to support a complex, hospitality-influenced community.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About FirstService Residential<br xmlns="http://www.w3.org/1999/xhtml"></br></b>FirstService Residential is simplifying property management. Its hospitality-minded teams serve residential communities across the United States and Canada. The organization partners with boards, owners, and developers to enhance the value of every property and the life of every resident.</p><p xmlns="http://www.w3.org/1999/xhtml">Leveraging unique expertise and scale, FirstService serves its clients with proven solutions and a service-first philosophy. Residents can count on 24/7 customer care and tailored lifestyle programming, amenity activation, and technology for their community&#39;s specific needs. Market-leading programs with FirstService Financial, FirstService Energy, and special districts teams deliver additional levels of support.</p><p xmlns="http://www.w3.org/1999/xhtml">Boards and developers select FirstService Residential to realize their vision and drive positive change for residents in the communities in their trusted care.</p><p xmlns="http://www.w3.org/1999/xhtml">FirstService Residential is a subsidiary of FirstService Corporation (NASDAQ and TSX:FSV), a North American leader in providing essential property services to a wide range of residential and commercial clients.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=NY53195&amp;sd=2026-05-07"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/firstservice-residential-expands-austin-high-rise-portfolio-with-the-code-302765435.html" target="_blank">https://www.prnewswire.com/news-releases/firstservice-residential-expands-austin-high-rise-portfolio-with-the-code-302765435.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE FirstService Residential</p>

FirstService Residential has assumed management of The Code, an innovative hotel residence community in Austin. This expansion highlights the company's commitment to lifestyle-oriented living environments, positioning it for potential revenue growth in a high-demand market.

FirstService Residential expands Austin high-rise portfolio with The Code

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News