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Document Management Systems Offer Business Value for Multifamily Industry

(November 6, 2007)—RealPage, Inc., a leading provider of products and services to the multifamily industry, today announced the availability of The Electronic Library: Document Management for Multifamily, a white paper written and edited by Steve Lefkovits, principal of Joshua Tree Consulting.

Made first available to the attendees of the National Multi Housing Council’s Annual Apartment Technology Conference (October 28-30, 2007, Dallas, Texas), the white paper, sponsored and underwritten by RealPage, examines the business value an integrated document management system can have on the multifamily industry. It predicts that document management systems will make it considerably easier to share information and conduct transactions in all aspects of the multifamily business, generate significant efficiencies and financial value, and accelerate business practices that depend on reliable record retrieval.

About the OneSite® Document Management System
RealPage is the first software provider to offer a document management system exclusively for the multifamily industry with its OneSite Document Management System. It provides storage, retrieval, security and archiving of all documents and forms associated with a property management company’s business processes and procedures.

But it is more than just an electronic library: for the first time, the multifamily industry has access to a suite of products that supports the entire leasing process from lease application through execution of a signed lease.

Online applicants are presented with all necessary documents and walked step by step through the process. Personal information only has to be entered once—it is automatically inserted into all the necessary forms. Leasing consultants can access all documents from the system’s Forms Library, which houses filing cabinets associated with each property management process.

RealPage’s exclusive eSignature technology allows leases to be signed and executed online. The eSignature is legally binding, with validity equal to a manual signature. All signed lease documents and addenda are stored in the OneSite Document Management System to preserve document integrity.

The Electronic Library: Document Management for Multifamily is now available for download from the RealPage web site.


About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides products and services to more than 20,000 apartment communities across the United States. Its five on-demand product lines include OneSite® property management systems that automate the leasing, renting, management and accounting of conventional, affordable and student housing properties; CrossFire® sales and marketing systems that help boost occupancy and build retention; YieldStar® asset optimization systems that maximize asset valuation and investment return through revenue management and market intelligence; VelocityTM utility and billing services that help accelerate payments for resident charges; and LeasingDeskTM point of lease systems that streamline the leasing process. For more information, please call 1-87-REALPAGE or visit www.realpage.com.

About Joshua Tree Consulting
Joshua Tree Consulting is the multifamily industry’s leading management and strategy consultancy. Its primary focus is on the power of technology to transform owning, managing, and financing larger apartment portfolios. Its clients include REITs, privately held portfolios, investment managers, and top-tier service providers to the multifamily industry. Joshua Tree was founded by Steve Lefkovits. For more information, please visit www.joshuatreeconsulting.com.

Contact:

Andrea Massey
RealPage, Inc.
4000 International Parkway
Carrollton, Texas 75007
(972) 820-3150
E-mail: andrea.massey@realpage.com

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