The Rainmaker Group, the world leader in automated revenue management software and services to the multi-family housing and casino hotel industries for total property profitability, announced today it successfully completed the transition of its ASP-based revolution LRO TM lease optimization system used by multi-family housing operator Post Properties from Archstone-Smith's offices to the secure SunGard hosting facility.
Rainmaker is partnering with SunGard, one of the world's leading IT services companies, to provide maximum data security and processing speed for clients. Rainmaker completed the transition of the hosting services for Post Properties' revolution LRO system to SunGard in 4Q '07. Other Rainmaker clients utilizing the SunGard hosting facilities include Mid-America Apartment Communities and Colonial Properties.
Tammy Farley, principal at The Rainmaker Group, said, "The partnership with SunGard to host our Web-based revolution LRO and revolutionSM ASP revenue optimization solutions for multi-family housing and gaming hotel industries provides clients with the fastest servers and response time, and most secure data protection available to support their businesses."
SunGard serves more than 25,000 customer organizations in 50 countries. The company provides software and processing solutions to institutions throughout the financial services industry, higher education and the public sector; and helps enterprises of all types maintain the continuity of their business through information availability services.
Post Properties encompasses nearly $2 billion in assets and over 21,872 apartment homes in 62 communities and is one of the largest developers and operators of upscale multi-family communities in the U.S. Post is further adapting to the evolving lease-rental marketplace by upgrading its call center to 24/7 operations and utilizing Web booking technology to accommodate Internet shoppers.
The revolution LRO system has been employed by multi-family housing companies for more than six years. The system is currently used by more than 60 percent of the companies deploying revenue management systems in the industry and, uniquely, LRO's lease/rent revenue optimization success has been verified by independent third party consulting firms. The Rainmaker Group, an independent technology solutions and services provider whose expertise is focused on revenue management solutions, acquired rights to develop, implement and support the revolution LRO system in 2006.
About Rainmaker Group:
The Rainmaker Group is a software and services company that provides revenue management for over one-half million units in the casino/gaming, multi-family housing and other industries. Its revolution LRO SM profit optimization solution enables multi-family housing operators to maximize revenue from apartment leases. revolution LRO lease rate improvement results have been reviewed and validated by independent accounting firms. For over six years revolution LRO has delivered optimized leasing rates to the largest operators in the industry including Archstone-Smith, Equity Residential, Post Properties, Simpson Housing, Mid-America Apartment Communities and a number of other leading multifamily housing companies.
Rainmaker also implements and supports the revolution product suite, which maximizes total property profitability for operators of casino hotels and other hospitality enterprises. The company enables clients to identify and maintain availability for their most profitable revenue sources through revenue management implementations. The Rainmaker Group helps casino hotels increase profitability through the accurate, instantaneous ability to determine the minimum acceptable value of each guest. This enhances client profitability by securing the most profitable customers while developing more effective business processes. Hospitality clients include Boyd Gaming, Harrah's Entertainment, Omni Hotels, MGM MIRAGE, Trump Entertainment Resorts and other leading companies. The Rainmaker Group is a Microsoft Partner.
About Post Properties:
Post Properties (www.postproperties.com), founded more than 35 years ago, is one of the largest developers and operators of upscale multifamily communities in the United States. The Company's mission is delivering superior satisfaction and value to its residents, associates, and investors, with a vision of being the first choice in quality multifamily living. Operating as a real estate investment trust ("REIT"), the Company focuses on developing and managing PostŪ branded resort-style garden and high density urban apartments. In addition, the Company develops high-quality condominiums and converts existing apartments to for-sale multifamily communities. Post Properties is headquartered in Atlanta, Georgia, and has operations in ten markets across the country.
Post Properties owns 22,249 apartment homes in 62 communities, including 1,747 apartment units in five communities held in unconsolidated entities and 2,142 apartment units in seven communities (and the expansion of one community) currently under construction and/or in lease-up. The Company owns and is developing 437 for-sale condominium homes in four communities (including 137 units in one community held in an unconsolidated entity) and is converting apartment units in two communities initially consisting of 349 units into for-sale condominium homes through a taxable REIT subsidiary.