Dallas, Texas (July 15, 2010) - Riverstone Residential Group, one of the largest third-party multifamily property management companies in the United States, announced today that it has selected the RealPage Cloud Computing Platform to manage the majority of its Information Technology (IT) functions. The RealPage Cloud is a data center infrastructure dedicated solely to the multifamily real estate industry.

The decision to choose RealPage resulted after Riverstone conducted a thorough internal analysis of how to continue to maintain, in a rapidly-changing technology environment, the highest level of applications performance, speed, reliability and systems integration for associates, clients, and residents.

"In our continuous quest to find progressive solutions that maximize operational efficiencies and performance, we've selected a technology platform that will allow us to expand IT services and continue to meet, and hopefully exceed, the growing needs of our internal and external clients,"said Walt Smith, CEO, Riverstone Residential Group.

"It was important that we select a technology partner that understands multifamily management and our unique systems integration and performance enhancement needs,"added Smith.

The Riverstone IT team, who successfully launched a fully-integrated online leasing system this year, will continue to serve Riverstone as associates of RealPage. Riverstone will retain their applications training team and database administration, and is recruiting a full-time IT associate to coordinate matters relating to client accounting and management systems.

"Technology is changing at unprecedented speed, and Riverstone Residential Group is taking the necessary steps to ensure that we are at the cutting edge with partnerships and platforms that will assist in generating optimum results for our portfolio,"said Smith.

About Riverstone Residential Group
Riverstone Residential Group, a subsidiary of CAS Partners, is one of the largest privately owned third party residential management companies in the United States. Focused exclusively on the delivery of unparalleled property management services including media and marketing services, capital improvement management services, utility management services, resident screening and collection services, and purchasing 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 700 managed properties include high-rise, mid-rise, and garden-style communities in both conventional and affordable assets. The company is headquartered in Dallas, TX. For additional information, visit www.RiverstoneRes.com or e-mail ClientServices@RiverstoneRes.com.

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, portfolio reporting 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 dramatically improve integration performance and reliability. For more information, call 1-877-REALPAGE or visit www.realpage.com.