RealPage Press Release

Velocity™ 9000 Meter Tops 5,000 Successful Installations

Provides top-of-the-line water submeter solution as part of Velocity Submetering services

CARROLLTON, Texas (April 30, 2009) — Velocity, an award winning provider of resident utility billing and invoice processing services for the multifamily industry, today announced that its Velocity 9000 water submeter has exceeded 5,000 customers installs, while achieving a zero defect failure rate. The Velocity 9000 is an extremely accurate, multi jet water meter that rounds out the Velocity Submetering Services end-to-end meter installation, maintenance and reading services. Launched in August 2008, the Velocity 9000 ensures that Velocity customers have access to a consistent, reliable and affordable water submeter model across all submetered properties to capture accurate volume usage.

“The Velocity 9000 marks the first time a vendor has developed a water submeter for the multifamily industry that can be used in all 50 states,” said Ashley Glover, executive vice president, RealPage. “Reaching this milestone in customer installations is a testament to the reliability and accuracy of the Velocity 9000, which is the first 100% plastic multi-jet water meter to be used in the United States.”

Submetering systems bill residents for their actual utility consumption each month. Studies show that submetered properties consume less water than properties that bill water as part of the rent charge. In some states, submetering systems are now required in new multifamily property construction.

“The Velocity 9000 water meter meets the accuracy and production standards of the American Water Works Association, providing accurate water usage readings for all flow rates,” said Scott Bolin, director, meters and networks with Velocity. “Additionally, the meter conforms to all U.S. safe drinking water standards and is designed to meet specifications for National Safety Foundation Proposition 61, which is being adopted across the United States. The accuracy of the Velocity Submetering Services also helps identify water supply line problems by comparing billed consumption with meter readings from each part of the multifamily property.”

To schedule an interview with a RealPage executive, please contact Linda Graham at linda.graham@realpage.com or (972) 820-3518.

About Velocity
Velocity is the fastest growing resident utility billing and invoice processing company in the multifamily industry. Serving more than 2,000 multifamily communities in the United States, Velocity's innovative approach leverages technology and property management system integration to reduce work at the site and increase property revenues. The Velocity product line includes resident converged and utility billing with built-in compliance and comprehensive reports and auditing; utility invoice processing for accurate, timely handling, rate and consumption monitoring, streamlined payment approvals, and comprehensive reporting; and utility submetering with end-to-end meter installation, maintenance, and servicing. For more information, visit www.realpage.com/velocity.

About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides products and services to more than 20,000 apartment communities 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 housing, and military properties; CrossFire^© sales and marketing systems that boost occupancy and build retention; YieldStar^© asset optimization systems that maximize asset valuation and investment return; Velocity^™ utility management systems that accelerate payments for resident charges; 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. For more information, call 1-87-REALPAGE or visit www.realpage.com.