BNP Residential Properties Selects Realeum Foundation; Realeum Continues to Expand Customer Base.Business Editors/Hi-Tech Writers MCLEAN, Va.--(BUSINESS WIRE)--Dec. 2, 2002 Realeum(TM), Inc., the premier enterprise property management software provider, today announced that BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. Residential Properties, Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :BNP) has entered into a contract to deploy Realeum Foundation(TM). BNP is the first non-founding company to begin implementing Realeum's offering. BNP Residential Properties is a real investment trust whose primary business is the ownership and operations of apartment communities. BNP Residential Properties currently manages 32 multifamily communities containing approximately 7,400 units. Of those, BNP owns 18 apartment communities containing 4,427 units and provides management for 14 communities containing 2,965 units owned by third parties. D. Scott Wilkerson, BNP's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , states, "Realeum is a win, win for BNP. The Realeum Foundation system allows us to distribute our lease management data entry workload and improves the quality and timeliness of information available to our on-site personnel and management team. At the same time, it provides for effective accounting and financial reporting controls that have always been our mandate. With this conversion, BNP is better positioned for anticipated growth in our apartment portfolio." At this time, the 18 owned properties are in full production with Realeum Foundation. Implementation and conversion activities are underway for the remaining 14 managed properties to be full production by early Q1 2003. "The addition of BNP further validates our aim to provide an industry operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. that unifies best practices and operational disciplines," said Socrates Verses, chief executive officer at Realeum. "With Realeum Foundation, BNP will benefit from more efficient and more effective management systems at both the property and portfolio levels." About BNP Residential Properties, Inc. BNP Residential Properties, Inc. (AMEX AMEX See: American Stock Exchange :BNP) is a self-administered and self-managed real estate investment trust with operations in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and Virginia. More information on BNP may be found on their Web site at www.bnproperties.com. About Realeum, Inc. Realeum is an industry-founded company that was formed to fill the long-standing void in property management software for the multifamily real estate marketplace. The company's enterprise operating software empowers real estate decision makers to optimize their assets through more efficient on-site operations and better decision-making tools. Realeum's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Realeum Foundation, is an enterprise property management solution that leverages technology to facilitate leasing and resident relationship functions, special service management, and billing and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying functions. More information on Realeum may be found on their Web site at www.realeum.com. Realeum and Realeum Foundation are trademarks of Realeum, Inc. All other brands or names mentioned herein are the property of their respective holders. |
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