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Jul 7, 2008

Riverstone Residential Group Adds 2,372 Units in Eight States to Fast-Growing Portfolio

Dallas, TX (July 7, 2008) - Riverstone Residential Group, the largest privately owned residential management company in the United States, has added 14 new apartment communities to its rapidly expanding portfolio. Located in eight states nationwide, the properties encompass 2,372 units, bringing the total number of units under management by the Dallas-based company to 192,000.

The newest additions to the portfolio are located in California, Connecticut, Idaho, North Carolina, Oregon, Tennessee, Texas and Washington.

"We are very pleased to welcome these fine properties to the Riverstone family," said Christy Freeland, CEO of Riverstone Residential Group. "We believe Riverstone is the management company of choice because of the high caliber of our management professionals, our presence in states coast-to-coast and the competitive advantages we provide through our unique selection of integrated ancillary products and services."

Riverstone Residential Group offers clients products and resources that go beyond standard practices. In addition to outstanding resident management services, these include: insurance, renters insurance, stream-lined purchasing, energy procurement, utility rebilling, renovation construction, capital needs assessments, operational audits, acquisitions and disposition services.

Additional information is available at: www.casfirst.com and www.riverstoneres.com

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