For Rent Magazine Internet Listing Service to Link to RealPage's OneSite™ System

DALLAS, March 23, 2000 — RealPage, Inc., a leading provider of property management software and services to the multihousing industry, recently announced that For Rent Magazine, a subsidiary of United Advertising Publications, Inc., will link its Internet listing service to RealPage's new web-based property management system, OneSite. The shared objective of both companies is to generate qualified leads to fill vacant units while placing the apartment community in the best position to generate ancillary revenue. Read more...

RealPage Unveils Revolutionary New Web-Based Property Management System at Multi-Housing World Annual Convention

DALLAS, March 17, 2000 — RealPage, Inc., a leading provider of property management software and services to the multihousing industry, today unveiled OneSite™ , its new web-based property management system for the apartment industry, at the Multi-Housing World's annual convention in Las Vegas.

OneSite is the first complete business-to-business Internet application for the apartment industry that connects multiple property stakeholders, including on-site staff, portfolio managers and owners. It allows authorized users to collaborate on real-time solutions to optimize property performance.

"OneSite redefines most internal and external business processes performed by apartment owners and managers to take advantage of the Internet," said Jim Melson, president of RealPage. "It is an integrated solution that enables shared management of a distributed portfolio of properties as if they were one site." Read more...

Employment Surge in 4th Quarter Helps Atlanta Apartment Market Sustain Momentum

DALLAS, March 16, 2000 — The Atlanta apartment market ended 1999 on a strong note, according to M/PF Research's Atlanta Apartment Report. The metro's employment growth pace surged upward during the 4th quarter, and that economic upturn helped support apartment demand in excess of the metro's substantial completions. In calendar 1999, the Atlanta metro absorbed some 13,650 apartments, two-thirds more than the demand registered in 1998.

"Apartment demand in Atlanta was particularly impressive during the past year given that the local single-family home market also performed so well," said G. Ronald Witten, M/PF Research president. "Atlanta ranked as the nation's #1 market for single-family home starts by a wide margin." Read more...

Net Demand for Retail Space Escalates to Record Levels in 1999's 2nd Half

DALLAS, January 18 - New retailers stormed into Dallas/Fort Worth at an unprecedented pace in 1999. Although the year got off to a slow start, a surge of grand openings in the 2nd half pushed demand to record levels in both multitenant centers and freestanding stores that are not part of a center.

Net leasing in multitenant shopping centers totaled 3.8 million square feet in 1999's last half, bringing absorption during calendar 1999 to 4.8 million square feet. In addition, store openings in freestanding buildings totaled 2.5 million square feet in July-December and 3.5 million square feet for the calendar year. Total demand for retail space in 1999 climbed a whopping 53% from the 1998 level.

"Drive just about anywhere across metropolitan Dallas/Fort Worth and you'll see a vibrant retail environment," said M/PF Research president Ron Witten. Read more...

RealPage, Inc. Completes $19.75 Million Private Placement of Convertible Participating Preferred Stock

DALLAS, TEXAS, January 6, 2000 — RealPage, Inc., a leading provider of property management software and services to the apartment housing industry, today announced completion of a $19.75 million private placement of convertible participating preferred stock. Proceeds from the investment will be used to fund Internet-based applications under development at the company.

"RealPage will soon release a comprehensive eBusiness solution for apartment owners and managers. Over 125 designers and web application programmers are working to finish the initial launch of the system," says Jim Melson, president of RealPage. "The initial portion of the new system will be launched in the first quarter of 2000 and will allow our clients to manage large distributed portfolios of apartment properties as if they were one site. This is a true web-native application designed from the ground up to embrace and exploit the capabilities of the Internet." Read more...

Net Move-Outs Occur in Dallas/Fort Worth Apartment Market During 1999's 4th Quarter; Demand Robust for Calendar Year

DALLAS, January 4 - The Dallas/Fort Worth apartment market suffered move-outs during 1999's last quarter. On net, the number of occupied apartments dropped by 700 units during the October-December time frame, according to the latest issue of M/PF Research's Dallas/Fort Worth Apartment Report. "Weak demand in the 4th quarter is a routine seasonal trend, said M/PF Research president Ron Witten. "We've now seen net move-outs during the holiday period for 11 straight years." Read more...

U.S. Apartment Market Performance Remains Solid

U.S. apartment occupancy averaged 95.1% in 4th quarter 1999, according to the latest issue of M/PF Research, Inc.'s U.S. Apartment Market Report. Demand kept in pace with new supply in most markets during 1999, as today's occupancy figure inched up 0.2 points from the performance seen a year ago. However, current occupancy was down from fall 1999's peak of 96.1%, reflecting that the 4th quarter routinely is a slow leasing period for all but a few "snowbird" destinations.

Providing further evidence of a healthy marketplace, rents continued to grow at a level well in excess of general price inflation. Measured on a same-store basis, average rents climbed 4.7% during calendar 1999. Annual rent growth has topped the 4% mark for six of the past seven quarters.

"What makes the story of today's apartment market performance so compelling is that we've experienced six consecutive years of significant new construction, but so far have managed to avoid overbuilding in all but a handful of areas," said M/PF Research president Ron Witten. Read more...

Completions Again Top Demand in Dallas Office Market; Fort Worth Performance Strengthens

DALLAS, December 20 - Completions in the Dallas office market continue to run ahead of demand. During the last six months of 1999, 3.6 million square feet of new multitenant space was delivered in metropolitan Dallas. Demand for multitenant space totaled less than half that amount, with 1.6 million square feet of space absorbed.

Build-to-suit corporate facilities again took a big bite out of overall absorption potential. Single-user buildings delivered in the last half of 1999 totaled nearly 1.6 million square feet.

"Overall demand remains very strong," said M/PF Research president Ron Witten, "but more and more large space users are opting for private campus settings instead of traditional multitenant projects. Total office space absorption in Dallas during calendar 1999 reached its highest level since 1986. However, we're still struggling to fill up all of the new multitenant buildings coming on stream because about half of 1999's demand went to single-tenant projects."

Read more...

Warehouse Space in Fort Worth Remains D/FW's Strongest Sector of the Industrial Market

DALLAS, November 23 - After posting robust demand in 1999's first half, the Dallas/Fort Worth industrial market lost some of its momentum during 3rd quarter. Performances were mixed from one property sector to another. Fort Worth warehouses continued to register strong demand, and healthy absorption occurred in Dallas's higher finish-out flex buildings. However, net move-outs occurred in Dallas warehouses and Fort Worth flex developments.

Read more...

RealPage, Inc. Leases New Office Space in International Business Park

DALLAS, TX - July 29, 1999 - RealPage, Inc., the leading provider of multifamily property management software and services, has leased 98,000 square feet of new office space in Billingsley Phase VI, a Billingsley Property Services property located at 4000 International Parkway in Carrollton, Texas. Billingsley Phase VI, located in the International Business Park, was completed in 1998.

The RealPage offices, which will occupy the first two floors, will include a 125-seat auditorium, data center, command center, training center, two libraries, and storyboarding rooms.

According to Jim Melson, chief executive officer of RealPage, the design and architecture of the building was a perfect fit for RealPage's needs.

Read more...