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


(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.