RealPage Acquires Windsor Compliance Services

  RealPage Acquires Windsor Compliance Services

    Extends RealPage’s Affordable Housing offerings to include Compliance
        Monitoring, Auditing and Asset Management among other services

Business Wire

CARROLLTON, Texas -- October 25, 2013

RealPage, Inc. (NASDAQ: RP), a leading provider of on-demand software and
software-enabled services to the rental housing industry, today announced that
it has acquired Windsor Compliance, a leading provider of compliance
monitoring services for the affordable housing industry. The acquisition will
extend RealPage’s leading position as a provider of on-demand affordable
housing software by becoming the first company in the nation to provide a
suite of both critical software and services for the affordable housing
industry.

“In addition to our affordable housing software, we will now be able to offer
affordable housing compliance monitoring and other services to any investor,
owner or management company, regardless of their property management software
solution, to help them achieve occupancy and revenue opportunities and reduce
back office expenses, while operating within a highly complex and regulated
industry,” said Gustavo Sapiurka, senior vice president, strategic markets for
RealPage.

Windsor Compliance provides compliance monitoring to more than 30,000
affordable housing units across the country, supporting property owners’,
institutional investors’ and managers’ compliance with government programs
such as Low Income Housing Tax Credit (Section 42), tax exempt bond, Section
8, HOME, and Rural Development, in addition to file audits, capital needs
assessments, physical and due diligence inspections.

“We have revolutionized the way property owners and managers access, store and
maintain the vast amounts of compliance data that’s required,” said Gregory
Proctor, CEO of Windsor Compliance. “We are excited to bring our
industry-leading expertise together with the much larger RealPage
organization. This synergy allows us to continue the evolution of our services
and technology as the affordable housing industry becomes more complex,
providing our clients the best compliance services and solutions to meet state
and federal regulations.”

By leveraging Windsor’s experience, affordable housing staff, property owners
and managers can avoid costly mistakes, while focusing on the other important
facets of their businesses, such as building maintenance, leasing, and
resident retention.

“They work as an extension of our staff, monitoring compliance to help us meet
the requirements of all the various agencies, which gives us a lot of
confidence,” said Michelle Smith, regional manager, AHC Inc.

The Windsor executive, inspection and compliance monitoring teams will
continue to operate from the company’s office in Wilmington, N.C. and remote
locations.

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 on demand product lines include OneSite® property management systems that
automate the leasing, renting, management, and accounting of conventional,
affordable, tax credit, student living, senior living and military housing
properties; LeaseStar™ multichannel managed marketing that enables owners to
originate, syndicate, manage and capture leads more effectively and at less
overall cost; YieldStar® asset optimization systems that enable owners and
managers to optimize rents to achieve the overall highest yield, or
combination of rent and occupancy, at each property; Velocity™ billing and
utility management services that increase collections and reduce energy costs;
LeasingDesk® risk mitigation systems that are designed to reduce a community's
exposure to risk and liability; OpsTechnology® spend management systems that
help owners manage and control purchasing expenses; and Compliance Depot™
vendor management and qualification services to assist a community in managing
its vendor program. Supporting this family of SaaS products is a suite of
shared cloud services including electronic payments, document management,
decision support and learning. RealPage's MyNewPlace® subsidiary is one of the
largest lead generation apartment and home rental websites, offering apartment
owners and managers qualified, prospective residents. Through its Propertyware
subsidiary, RealPage also provides software and services to single-family
rentals and low density, centrally-managed multifamily housing. For more
information, call 1-87-REALPAGE or visit www.realpage.com.

Contact:

RealPage, Inc.
Andrea Massey, 972-820-3150
Andrea.massey@realpage.com