Riverstone Residential Group Selects the RealPage Cloud to Expand IT Services


(July 15, 2010)—RealPage, Inc.(www.realpage.com), a leading provider of on-demand software and services to the rental housing industry, today announced that Riverstone Residential Group has selected the RealPage Cloud to manage most of its Information Technology (IT) functions.

“The RealPage Cloud is a data center dedicated solely to the multifamily real estate industry,” said Jason Lindwall, president of RealPage Cloud Computing. “In addition to hosting RealPage applications on hundreds of physical servers with more than 600 terabytes of storage and redundant connections to the Internet, we also offer hosting services for many popular third party accounting platforms and enterprise applications including Microsoft Exchange, SharePoint, and Communicator.”

According to Ty Brewer, former CIO of Riverstone Residential Group, “We selected the RealPage Cloud for a number of reasons. First, they understand our industry and have deep resources with knowledge about all of the applications that we use. Second, they have deployed redundant data centers that support 30,000 locations and more than 75,000 unique users per day, so we felt comfortable with their experience in cloud computing and their ability to meet the rigorous SAS 70 compliance objectives of our institutional clients. Finally, the RealPage Cloud includes comprehensive change and problem management methodologies with extensive diagnostic monitoring capabilities, which gave us comfort that our entire suite of applications would run faster and be more extensible than any other option that we considered.”

According to Walt Smith, CEO of Riverstone Residential Group, “The RealPage Cloud offers us additional opportunities to expand the IT services we offer to clients while reducing our overall IT costs. It also gives us flexibility and freedom to select any third-party application partners and integrate them into Yardi Voyager and RealPage.”

“The goal for Riverstone Residential Group is to provide maximum operational efficiencies and performance for our associates, clients, and residents. The highest level of applications performance, speed, reliability, and systems integration is crucial,” added Smith.

About the RealPage Cloud Infrastructure as a Service

The RealPage Cloud IaaS allows an owner or fee manager to outsource data center and applications hosting to a managed service provider with the economies of scale and expertise that can drive cost down and improve overall performance and reliability. Corporate IT departments are under increased pressure to provide more services for less cost, a challenging task when technology costs are rising and IT professionals can be difficult to find, train, and retain. RealPage is addressing a need by clients to cut cost and improve the reliability and capabilities of tightly integrated solutions. Clients still retain control over their hosted environments, but by hosting these applications in the RealPage Cloud, they benefit from an infrastructure designed to enable high performance and tight integration with other applications.

The RealPage Cloud enables owners the opportunity to:

  • Reduce their hosting costs for many popular third party applications.
  • Rely on a real time disaster recovery center at no additional charge.
  • Improve application performance, due to extremely high-speed networks, servers, and storage area network arrays offered by RealPage. RealPage offers managed network services to thousands of locations around the country.
  • Realize improved and reliable integration between third party accounting applications, including all RealPage applications, as well as designated third party applications that run in the RealPage Cloud.

For more information about the RealPage Cloud, or to schedule a meeting with a RealPage executive to learn more about these services, please contact Karen Dodge at karen.dodge@realpage.com or (972) 820-3718.

About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on-demand (also referred to as “Software-as-a-Service” or “SaaS”) products and services to apartment communities and single family rentals across the United States. Its six on-demand product lines include OneSite® property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, and military housing properties; CrossFire® sales and marketing systems that boost occupancy and build retention; YieldStar® asset optimization systems that increase asset valuation and investment return; Velocity billing & utility management services that increase collections and reduce delinquencies; LeasingDesk® risk mitigation systems that reduce a community’s exposure to risk and liability; and OpsTechnology spend management systems that help owners manage and reduce operating expenses. Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. Through its Propertyware subsidiary, RealPage also provides software and services to single-family rentals and low density, centrally-managed multifamily housing. Through the Domin-8 acquisition, RealPage added property management systems to address the small and medium-size business (“SMB”) segment with Tenant Pro™, Spectra™, iCAM™, Management Plus and other property management systems. RealPage offers Platform-as-a-Service through its AppExchange platform which provides a comprehensive toolkit of integration services for third-party application providers. Finally, RealPage now offers Infrastructure-as-a-Service to multifamily owners and operators to reduce IT costs and improve integration performance and reliability. For more information, call 1-87-REALPAGE or visit www.realpage.com.

About Riverstone Residential Group
Riverstone Residential Group, a subsidiary of Consolidated American Services, Inc., is one of the largest third-party multifamily management companies in the United States. Focused exclusively on the delivery of unparalleled property management services including utility management services, resident screening and receivables services, client and resident insurance, purchasing services, as well as financial advisory services, the company manages a portfolio of assets valued at more than $15 billion for leading institutions, pension funds, developers and other major owners. Located in metropolitan markets across the nation, the more than 650 managed properties include high-rise, mid-rise, and garden-style communities in conventional, affordable and receivership assets. The company is headquartered in Dallas, TX. For additional information, visit www.RiverstoneRes.com or e-mail ClientServices@RiverstoneRes.com.