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RealPage Announces Release of Rural Housing Combo Product

(July 10, 2007)—RealPage, Inc., a leading provider of on-demand software and services to the multifamily industry, today announced the release of its new web-based rural housing system, OneSite Leasing & Rents Rural Housing.

The system, which supports the Rural Development (RD) Section 515 program, is available in a combo package with OneSite Leasing & Rents HUD and OneSite Leasing & Rents Tax Credits, providing owners of affordable properties a full solution for administering multiple subsidy portfolios. A standalone version of the system is also available.

OneSite Leasing & Rents Rural Housing incorporates easy-to-use tools to gather and process resident data accurately, and automate and streamline certification processing, MINC electronic submissions and project worksheet reporting. Property owners and managers can access the system 24 hours a day, seven days a week through the Internet and secure passwords.

“Rural Housing is the newest addition to our Affordable suite of products,” said Ranjeev Teelock, vice president of affordable housing for RealPage. “The system integrates seamlessly with our existing HUD and Tax Credits products, providing a complete solution for compliance monitoring and reporting with all government regulations.”

Features of OneSite Leasing & Rents Rural Housing include:

  • Ability to set up multiple RD project types and associate units to different projects
  • Quick qualify tool that provides the ability to quickly determine eligibility of a prospect or applicant
  • An interview wizard that simplifies the collection of household member and financial data
  • A verification letter management system that provides a library of letters and notices
  • Audit trail capabilities for every verification letter
  • A certify wizard that provides step-by-step guidance for tasks
  • Built-in RD regulations

The new system will debut at the 2007 RealPage User Conference, which will be held July 22—24 at the Westin La Cantera Resort in San Antonio, Texas. The “OneSite Leasing & Rents Rural Housing Product Launch” session will offer attendees the chance to walk though resident management functionalities.

“This is one session affordable property owners and managers are not going to want to miss,” said Teelock. “Customers will see firsthand how the system, whether as a standalone or layered with our HUD and Tax Credits products, offers an exceptional value in terms of software efficiency and reduced operational costs.”

OneSite is RealPage’s integrated, on-demand property management suite of products that automate the entire process of leasing, renting and managing apartments. For more information on OneSite Leasing & Rents Rural Housing and other RealPage products and services, please call 1-87-REALPAGE or visit www.realpage.com.


About RealPage, Inc.
Located in Carrollton, Texas, 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 living properties; CrossFire® sales and marketing systems that automate and enhance the process of capturing and closing leads; 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 lease process. For more information, please call 1-87-REALPAGE or visit www.realpage.com.

Contact:

Andrea Massey
RealPage, Inc.
4000 International Parkway
Carrollton, Texas 75007
(972) 820-3150

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