Leading Property Management Software Provider Appoints Industry Veteran Dave McKenna as CEO

PLANO, TX – ResMan, LLC, the fastest growing property management software, has appointed Dave McKenna as Chief Executive Officer effective June 27, 2016. McKenna assumes leadership of ResMan, LLC, formed as the successor to Ensoware, LLC, the original developer of the SaaS cloud-based platform which serves multiple multifamily housing market verticals including conventional, affordable, and student housing.

McKenna joined Ensoware, LLC in February 2015 as Executive Vice President and led the capital search resulting in a major investment from the Wasatch Venture Group and the formation of ResMan, LLC. Prior to joining ResMan, LLC, McKenna was the Senior Vice President of Syncadd Systems, a defense contractor based in Honolulu, HI specializing in geospatial technologies and cloud-based real-property asset management systems.

McKenna served for thirteen years as a leader within RealPage, Inc., responsible for software, business development and operations. McKenna was responsible for multiple product lines within RealPage, including its go into Military Housing as well as Student Housing and others. McKenna has lead teams in the telecommunications and financial services industries. He is a veteran of the U.S. Army where he served in Military Intelligence.

“ResMan represents something authentically new in the online property management software arena,” states McKenna. “The market is ready for a new approach to software and a stronger, service-centric business model. I am thrilled to be a part of the next generation of software serving the multifamily housing industry.”

ResMan provides the core operating system automating the essential functions of multifamily housing portfolios. ResMan maintains an open architecture and an expansive network of integrated solution providers to deliver best-of-breed solutions to owners and operators.

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Balfour Beatty and Harbert Management Acquire Apartment Community in Thriving Atlanta Submarket

ALPHARETTA, GA – Balfour Beatty Communities, a national residential real estate investment and management company responsible for the ownership and operation of more than $6 billion in multifamily assets, announced the acquisition of the Nesbit Palisades apartment community in Alpharetta, Georgia.

The property was bought as part of a joint venture with Harbert United States Real Estate Fund VI, an investment fund sponsored Harbert Management Corporation.

Balfour Beatty Communities will self-perform property management services through its Multifamily Division and will continue an in-unit renovation program and develop an exterior enhancement plot that will reposition the property within the thriving Alpharetta rental market.

“With the strength of the Alpharetta market and the proven value-add upside on this property, Nesbit Palisades is an ideal fit with our multifamily investment strategy,” said Chris Williams, president of Balfour Beatty Communities. “We look forward to welcoming this community into our portfolio and delivering our signature customer service as we look to improve the resident experience and overall asset value.”

Balfour Beatty Communities is a diversified real estate services company delivering development, design, financing, construction, renovation, property and facilities management services in the multifamily, student and military housing sectors. A leader in the industry, Balfour Beatty Communities has more than 50,000 residential units and $6 billion in real estate assets under management and has developed or renovated more than 29,000 units with a total value of close to $4 billion.

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House approves FY 2017 appropriations bill containing curbs on CFPB authority

(RECAP: By a vote of 239-185, the House of Representatives has approved a fiscal year 2017 appropriations bill that contains various provisions intended to curb the CFPB’s authority. Those provisions would fund the CFPB through the annual congressional appropriations process rather than through transfers from the Federal Reserve as currently provided by Dodd-Frank and change the CFPB’s leadership structure from a single Director to a five-member Board of Directors appointed by the President.)

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