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.
"This building offers us the opportunity to showcase our technology
initiatives," said Melson. "We liked not only the open architecture of the
building, which is inviting to clients, but the layout of the building, which
allows us to work in an environment where we can continue the collaborative
efforts between different teams within the company."
RealPage’s corporate offices, located on Midway in Carrollton, will move into
the building in November, as will the Web Services Division of the company,
which is currently located on Mockingbird in Dallas.
RealPage’s most recent acquisition, M/PF Research, will relocate from its
present location in Dallas. M/PF provides market research analysis of
multifamily and commercial real estate markets. Its acquisition combines the Web
technology initiatives under development at RealPage with the nationally
acclaimed research, data, and methodologies practiced by M/PF. The eventual
outcome of this unprecedented union will be availability of comprehensive,
current demographic, market and performance data delivered on a real-time basis
over the Internet.
RealPage, Inc. offers products and services to handle the entire site
management process for both affordable and conventional multifamily properties,
including applicant screening, accounting, budgeting, property management,
facilities, marketing, and compliance reporting. The company also develops and
delivers proprietary Web-based applications that enhance client information
management capabilities.
RealPage is headquartered in Carrollton, Texas. The company was formed from
the December 1998 merger of Rent Roll, Inc., a Dallas-based company offering
residential property management software, and RealPage Communications, Inc., the
leading provider of Internet solutions to the real estate industry.
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