AXCESS Inc. Forms Partnership with Hospital Communications Systems Inc.

Done Deals

NAA member AXCESS Inc., a leading provider of asset management products and solutions, formed a partnership with Hospital Communications Systems Inc. (HCS) of Raleigh, N.C. The East Coast company sells primarily to the healthcare industry and plans to implement AXCESS Inc.'s Active Tag[TM] and Prism Video[TM] lines at customer sites. HCS's products and services offer healthcare facilities Access Control Systems, CCTV systems, Satellite Systems, Infant Abduction and Patient Wandering Systems, as well as TV and Distribution systems. HCS will begin incorporating the Active Tag Asset Management system to provide real-time location of equipment and personnel. "We've been looking for a cost-effective asset management solution to offer our customer base," stated Stephen M. Powell, Director, Security and Business Line for HCS. "The AXCESS products offer unmatched features and benefits while still being affordable and effective." With the increasing demand for AXCESS asset management and network video products, sales and marketing presence have been expanded into several markets, one being healthcare.

USOL Holdings Inc. announced it executed a ten-year contract with Atlanta-based Columbia at Greens, LP. Under terms of the agreement, NAA Member U.S. OnLine, a subsidiary of USOL Holdings, will provide high-speed Internet access and television service to Columbia at Greens, a newly constructed, 232-unit apartment community located in Houston and owned by the aforementioned limited partnership. This agreement adds 464 passings to U.S. OnLine's portfolio of more than 46,000 operational passings. U.S. OnLine entered the Houston market in January 2000, with portfolio service agreements with Gables Residential. During the past year U.S. OnLine has been actively growing its portfolio in all of the companies markets.

As part of an ongoing initiative to empower consumers to understand and act on issues affecting their credit standing, Fair, Isaac and Co. and NAA member Equifax announced a new strategic alliance designed to improve their individual credit standing. The new online credit score service, available in the first quarter of 2001, will provide consumers with an individual Equifax Credit Profile[TM], a BEACON score and a personalized score analysis designed to help consumers understand how their scores may be interpreted by lenders and affected by their credit behavior. The FICO score--the premier risk score developed by Fair, Isaac--is calculated on the Equifax Credit Profile[TM]. The two companies are developing a suite of products and services that will offer consumers greater insight into how personal credit standing is measured, how financial institutions award credit and how consumers can take steps to positively impact their credit standing. The new score explanation service represents a continuation of ongoing consumer initiatives for both companies. Equifax was the first credit-reporting agency to offer consumers online access for the Equifax Credit Profile[TM], and has recently launched a new monitoring service--Equifax Credit Watch[TM]--that alerts consumers within 24 hours of any change to their credit. Fair, Isaac has led an overall industry shift in developing more open, informative and accessible credit scoring criteria, decisioning factors and steps that consumers can take to improve financial health and credit standing.

Movers and Shakers

NAA member JPI recently announced the promotion of Tim Toohey to Regional Vice President, Construction Manager. Toohey is responsible for management of construction projects throughout JPI's Rocky Mountain Region and manages a staff of 20 construction professionals. "Tim is a major asset to our regional team and will continue to provide sound and intelligent management for JPI's Rocky Mountain Construction Team," says Timothy M. McEntee, Divisional President and Managing Partner of JPI's Central Division. Toohey is responsible for properties in Colorado, Arkansas and Arizona. Toohey has more than 20 years of experience in the construction of residential properties. A Highlands Ranch, Colo. resident, he holds his degree in construction management from Arizona State University.

NAA member The Apartment People was honored by the Better Business Bureau, also all NAA member, with the esteemed Torch Award for Marketplace Ethics on Nov. 29, 2000. The ceremony was held at the Holiday Inn Mart Plaza, and the award was presented by Joel Daly. The Better Business Bureau selects three companies annually to receive this award. They choose companies whose commitment to ethical business helps uphold a fair marketplace. The Apartment People will also be a nominee for the national award.

NAA member Simpson Property Group, a division of NAA member Simpson Housing Limited Partnership, announced the appointment of two new Regional Senior Vice Presidents to oversee the company's property management activities and associates. Venita DeHaven was named Senior Vice President, Property Management for the Southeast region, which includes Florida, Georgia, North and South Carolina, and Virginia. DeHaven was most recently with Atlanta-based developer Julian Le Craw & Co. where she was Vice President, Asset Management, and headed development teams for both new construction and redevelopment projects. Previously she managed a large portfolio of conventionally financed properties on behalf of National Housing Partnership. Stephen Winsby was appointed Senior Vice President, Property Management for the Pacific Northwest, covering Washington and Oregon. He is based in Seattle. Prior to assuming his duties with SPG, Winsby held property management positions over the past 14 years with both private and public real estate firms, with a focus on the western United States. He has experience with both multifamily and commercial management, with an emphasis on new construction and remodeling activities.

Michael C. Kolar has been named Chief Financial Officer of EMG. Kolar is a Certified Public Accountant who also holds a master's degree in business administration in finance from Loyola College. During his career, Kolar has worked with Piper & Marburry LLP, Ernst & Young, Constellation Energy Source Inc. and Baltimore Gas and Electric Co.

Cathy Perry has been named Regional Manager for NAA member Wallick Properties Inc., the property management arm of The Wallick Companies. Perry will oversee property management operations in the company's new region in the southwestern United States. Within a year, she will oversee operations for three new properties in the area, including Colores Del Sol, a new 120-unit luxury apartment community in Mesa, Ariz., and two other facilities under development. Under her leadership, the number of company-managed properties in the region is expected to grow. Perry has six years of property management experience in the Phoenix area, including past experience as a regional property manager.

REIT Report

Kilroy Realty Corp. announced on Feb. 6, 2001, that its board of directors declared a regular quarterly cash dividend of $0.48 per common share payable on April 18, 2001, to shareholders of record on March 30, 2001. The dividend is equivalent to an annual rate of $1.92 per share and is a 6.7 percent increase from the previous annualized dividend level of $1.80.