Dallas, Texas (October 13, 2009) - Exemplifying its long-standing tradition in providing world-class multifamily property management services, Riverstone Residential Group has named industry veteran, Walt Smith, as the company's new Chief Executive Officer. Mr. Smith will lead the overall operations and board of director efforts for Riverstone, the largest privately-owned, third-party multifamily property management company in the United States and a subsidiary of CAS Partners.

With twenty-three years of experience that includes owning a third-party business, HSC Real Estate, that was acquired by Riverstone, and being a highly respected leader in the multi-family industry, Smith's expertise in working with property management clients is unmatched. He brings this acumen and wealth of knowledge to his new role as he directs the company's vision.

"This is an exciting and re-energizing time for Riverstone as we realign our business services within the company's umbrella to enhance a strong property management core and demonstrate more clearly to our clients that Riverstone offers a full array of value-add and optional services" said Smith. "Our regional associates, located in 32 offices across the country, continue to offer local expertise and intelligence to provide the highest quality property management services, while benefiting from the extensive national support that only a larger company can provide."

"I am honored to have the opportunity to spearhead the efforts to evolve this commitment and take Riverstone to the next level in our markets nationwide," Smith added.

Riverstone Residential executives and principals, Christy Freeland and Terry Danner, will continue working in leadership capacities with Smith. Both Freeland and Danner will focus on the strategic direction of the company and support Walt in his new role. The goal of the three executives will be to help Riverstone's clients meet the changing demands of today's marketplace while maintaining the company's long-standing reputation to provide innovative, full-service multifamily property management services.

We've enhanced our capability of improving our client's bottom line by offering client services such as utility management, resident screening, collections, capital improvement services, and group purchasing," said Danner. "Our large, national platform permits us this ability, but we will never lose focus on real estate as a local business."

"We will support Walt in this evolving national endeavor while continuing a disciplined local focus on property performance and client satisfaction through high quality property management expertise. We go the extra mile for our clients by seeking new ways to reduce operating expenses, improve the efficiency of the on-site team, and drive bottom-line results," Freeland added.

About Riverstone Residential Group
Riverstone Residential Group, a subsidiary of CAS Partners, is the largest privately owned third party residential management company in the United States. Focused exclusively on the delivery of world-class 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 $25 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. The company is headquartered in Dallas, TX. Additional information is available at www.RiverstoneRes.com.

About CAS Partners
Consolidated American Services (CAS Partners) is the American property services company of UK-based Regis Capital, Ltd. Since 2006, the company has provided the real estate industry with unparalleled services in property management, construction, maintenance, asset management, financial services and insurance services. Additional information is available at www.CASPartners.com.