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Melson Leaves RealPage; Returns to Independent Management Consulting

(November 10, 2000) – Jim Melson, president and chief executive officer of RealPage, Inc., a leading provider of products and services to the multifamily real estate industry, today announced that he is leaving RealPage to resume his long-standing career as an independent management consultant. Steve Winn, chairman of the board for RealPage, will assume the additional role of chief executive officer.

Melson joined RealPage in December 1998 when his company, RealPage Communications, Inc. merged with Rent Roll, Inc. The merger of the two companies, which were later renamed RealPage, Inc., combined the innovative mix of property management software systems available from Rent Roll with the web-based products and services offered by RealPage Communications.

“A few years ago, Steve Winn and I found that we shared a common vision for the future of property management,” said Melson. “We believed that the combined forces of our companies would accelerate the development of the next generation of Internet-based property management software. With our new OneSite web-based property management system, we have done just that. However, my long-term interests have always been in the management consulting area, and now that we have successfully launched the initial application in our suite of OneSite products centers, I am anxious to return to the consulting arena.”

“I respect and support Jim’s decision,” said Winn. “Jim has been very helpful as a sounding board and advisor in creating the overall architecture of OneSite. In addition, he has helped us attract the absolute best management team in the industry, and we are now well positioned for the rollout of OneSite. Jim’s vision of an Internet-connected world for property managers and owners remains-and will remain-the solid foundation of our mission for OneSite.”

Melson said that he anticipates continuing in an advisory capacity over the coming months and years. “This is not really a good-bye to RealPage,” said Melson. “I see this transition as a change in career roles, allowing me to pursue my consulting opportunities while still remaining tied to the vision that Steve, myself, and the employees of RealPage created over the past few years.”

RealPage is a leading provider of products and services to the apartment housing industry with 20,000 apartment communities across the United States using its products. Its software and services handle the entire management process for both affordable and conventional properties, including applicant screening, market intelligence, accounting, budgeting, property management, facilities, marketing, and compliance reporting.

RealPage is headquartered in Carrollton, Texas, a suburb of Dallas. It is the combination of four industry leaders: Rent Roll, Inc., the largest developer of property management software and services; RealPage Communications, Inc., a premier designer of custom web sites to the real estate industry; M/PF Research, Inc., a leading provider of market research to the apartment housing industry; and ChannelTECH, Inc., a leading provider of handheld wireless computing devices for facility management applications.

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