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Resite Information Technology, PropertyBridge Partner for Online Payment Processing

Integration of Payments into Online Resident Portal Benefits Both Property Managers and Residents

OAKLAND, CA – June 16, 2006 – PropertyBridge, the leading payment services provider in the multifamily industry, and Resite Information Technology, a leading provider of resident portal technology and online marketing and leasing solutions for the multifamily industry, today announced a partnership that provides fully integrated payment processing by PropertyBridge within Resite’s ResidentHubSM resident services portal platform.  

“PropertyBridge is respected in the multifamily industry and is well known for its high level of compliance when it comes to data security. Competition in this industry is extremely fierce, and our integrated solution with PropertyBridge provides property managers with a valuable integrated solution to their online services for residents," said Greg Starr, VP of Business Development at ResiteIT. 

Jason Gardner, PropertyBridge President, added "Smart real estate management companies are investing in initiatives that meet their business and technology goals. We are pleased to be partnering with a technology leader like ResiteIT to help property managers and owners realize those goals.”

The integrated solution is being demonstrated in the booths of ResiteIT (#1903) and PropertyBridge (#1636) at the 2006 National Apartment Association Conference and Exposition, which runs June 15th through 18th at the Denver Convention Center.

About Resite Information Technology

Resite Information Technology provides web-based renter acquisition and resident servicing applications for the multifamily industry.  Formed in 2001, Resite Information Technology delivers the industry’s leading resident portal technology, and online marketing and leasing solutions to assist owners and managers in meeting resident demand for online transactions and communication.  More company information is available at www.ResiteIT.com.

About PropertyBridge, Inc.

PropertyBridge is the leading provider of automated payment processing services for the real estate management industry. Formed in 2003 by a diverse group of financial services, technology, marketing and real estate professionals, PropertyBridge launched its first solutions for large multifamily housing and property management firms in 2004. PropertyBridge now serves customers across the United States. These include some of the largest residential real estate management companies serving millions of tenants. PropertyBridge, Inc. collaborates extensively with some of the financial service industry's largest organizations including Visa USA, Wells Fargo Bank, Discover Financial Services, MasterCard and First National Bank of Omaha.

Contacts

Peter Mansfield
Vice President of Marketing
pmansfield@propertybridge.com

Greg Starr, ResiteIT
Vice President of Business Development
greg@resiteit.com