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Colonial Selects Property Solutions Portals and Payments

October 5 2010

Birmingham property management company rolls out new marketing websites, online payments, and web-based leasing services to its entire portfolio.

PROVO, Utah -- Property Solutions announced today that Colonial Properties Services, Inc., one of the largest property management companies in the U.S., has selected Property Solutions to provide websites, resident portals, and payment systems for its portfolio of multifamily properties.

Colonial recently decided to strategically improve its web presence with new marketing websites. The company evaluated several solutions for high-quality, easy-to-use website designs with robust content management process, ultimately selecting ProspectPortal for its online leasing capabilities. The relationship with Property Solutions allowed Colonial to improve the functionality and usability of their marketing websites, while saving costs by bundling ResidentPortal and ResidentPay with the marketing website.

"We knew and liked Property Solutions' products, but what sealed the deal for us was the business case," said Ray Thornton, Vice President of IT Applications and Support at Colonial. "We anticipated that we would need to invest more in a new system, but Property Solutions suite of products will actually save us money. We also found that their integration with our property management software is more sophisticated than anyone else we talked to."

"Colonial has been the kind of client that is instrumental in helping us offer the best possible product," said Ben Zimmer, President of Property Solutions. "Their team performed a very thorough due-diligence process while deciding to implement our products, and have since been willing to offer insights and suggestions that guide development decisions for future features. For example, we are currently working closely with Colonial to improve our search engine optimization services."

Colonial is rolling out its whole portfolio -- 130 properties -- with Property Solutions marketing websites, resident portals, and online leasing with ILS synchronization, and is piloting check scanning in a limited number of properties.

About Property Solutions: Founded in 2003, Property Solutions International, Inc. is the nation's largest provider of apartment community websites and a leading developer of innovative property management software tools. The company offers a variety of web based solutions for leasing, rent collection, and maintenance request processing. Property Solutions' web portals and electronic payment processing tools offer the advantage of full data integration with most widely-used property management software packages. For more information, go to www.propertysolutions.com.

About Colonial Properties Trust: Colonial Properties Trust is a multifamily real estate investment trust (REIT) that creates additional value for its shareholders by managing commercial assets through joint venture investments and pursuing development opportunities. As of September 30, 2008, the company owned or managed 36,481 apartment units, 16.5 million square feet of office space and 9.1 million square feet of retail shopping space located in key Sunbelt states from Virginia to Nevada. Headquartered in Birmingham, Ala., Colonial Properties is listed on the New York Stock Exchange under the symbol CLP and is included in the S&P SmallCap 600 Index.

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