Riverstone Residential Group Selects a Cloud Computing Platform to Maintain Highest Level of Applications Performance, Speed, Reliability, and Systems Integration

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New technology platform and partnership supports Riverstone's goals to expand IT services for growing needs of associates, clients and residents

“Technology is changing at unprecedented speed, and Riverstone is taking the necessary steps to ensure that we are at the cutting edge with partnerships and platforms that will assist in generating optimum results for our portfolio,” said Walt Smith, CEO.

Riverstone Residential Group, one of the largest third-party multifamily property management companies in the United States, announced today that it has selected the RealPage Cloud Computing Platform to manage the majority of its Information Technology (IT) functions. The RealPage Cloud is a data center infrastructure dedicated solely to the multifamily real estate industry.

The decision to choose RealPage resulted after Riverstone conducted a thorough internal analysis of how, to continue to maintain, in a rapidly-changing technology environment,
the highest level of applications performance, speed, reliability and systems integration for associates, clients, and residents.

“In our continuous quest to find progressive solutions that maximize operational efficiencies and performance, we’ve selected a technology platform that will allow us to expand IT services and continue to meet, and hopefully exceed, the growing needs of our internal and external clients,” said Walt Smith, CEO, Riverstone Residential Group.

“It was important that we select a technology partner that understands multifamily management and our unique systems integration and performance enhancement needs,” added Smith.

The Riverstone IT team, who successfully launched a fully-integrated online leasing system this year, will continue to serve Riverstone as associates of RealPage. Riverstone will retain their applications training team and database administration, and is recruiting a full-time IT associate to coordinate matters relating to client accounting and management systems.

“Technology is changing at unprecedented speed, and Riverstone Residential Group is taking the necessary steps to ensure that we are at the cutting edge with partnerships and platforms that will assist in generating optimum results for our portfolio,” said Smith.

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Susan Morrow

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