Hotel Online  Special Report
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Four Major Multi-Family Housing Operators Select The Rainmaker Group
for Revenue Management Pilot Launch
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Revenue Management specialist, Rainmaker, tapped for lease/rent
rate lift programs by REITs and independents
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ATLANTA, GA, August 15, 2007 – The Rainmaker Group, the world leader in automated revenue management software and services to the multi-family housing and other industries for total property profitability, announced that Laramar Group, Julian LeCraw Company, Carmel Partners and an additional REIT, with over 82,000 combined units, are conducting pilot installations of Rainmaker’s revolution LRO SM revenue optimization system.  Rainmaker pilot installations enable multi-family operators to certify the effectiveness of the revolution LRO revenue management system across a sample of their properties before installation throughout their entire portfolio. 
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Bruce Barfield, president of The Rainmaker Group, Inc., said, “The multi-family housing companies conducting current LRO pilot tests utilize several different property management systems (PMS) including Intuit MRI, Realeum and Yardi: revolution LRO delivers optimized lease/rent rates equally well with all of them.  Optimal pricing is essential to success in the multi-family housing industry, and because Rainmaker is a revenue management specialist, it can work with systems from every major PMS company to boost rates.  revolution LRO is used by more than 60 percent of the companies deploying revenue management systems in the multifamily industry today because it consistently delivers increased lease rent revenues.”  Barfield added that many leading multifamily firms credit revolution LRO with a lift of three to five percent, which is very attractive to multifamily owners and REIT investors.

For Rainmaker pilot testing, a multi-family housing company selects six to eight properties in different markets to set rates with the revolution LRO revenue management system.  A control group of similar properties that sets rates set by traditional methods is also monitored and the two property groups are run side by side.  At the end of the testing period, lease/rent performance and total revenue for each property group is analyzed to verify the impact of the LRO system.  The customary testing period is six months, but may be shorter.  Post Properties completed its Rainmaker trial in just a few weeks after the pilot demonstrated conclusive lease/rent revenue improvement.  Post installed the revolution LRO system in mid-2006 throughout its portfolio.

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Bruce Barfield, president
of The Rainmaker Group
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The revolution LRO system has been in use at multi-family housing companies in excess of five years, and its lease/rent revenue optimization success is verified by independent third party consulting firms.   The Rainmaker Group, Inc., an independent technology solutions and services provider whose expertise is focused on revenue management solutions, acquired rights to develop, implement and support the revolution LRO system in 2006.  Current LRO clients include Simpson Housing, Equity Residential, Home Properties, Archstone-Smith, Mid-America Apartment Communities and other companies.

About Rainmaker Group

The Rainmaker Group is a software and services company that provides, implements and supports the revolution LRO SM profit optimization solution that enables multi-family housing operators to maximize revenue from apartment leases. revolution LRO lease rate improvement results have been reviewed and validated by independent accounting firms.  For over five years revolution LRO has delivered optimized leasing rates to the largest operators in the industry including Archstone-Smith, Equity Residential, Post Properties, Simpson Housing, Mid-America Apartment Communities and a number of other leading multifamily housing companies. 

Incorporated in 1998, The Rainmaker Group also provides the revolution product suite to the hotel and casino hotel industries. Rainmaker’s revenue management solutions increase client profitability by securing the most profitable customers and developing effective business processes that enable clients to identify and maintain availability for their most profitable revenue sources.  The company helps casino hotels increase profitability through the accurate, instantaneous ability to determine the minimum acceptable value of each guest.  Hospitality clients include MGM MIRAGE, Boyd Gaming, Harrah’s Entertainment, Isle of Capri Casinos, Omni Hotels, IP Casino Resort Biloxi, Trump Entertainment Resorts and other leading hotel companies. 

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Contact:

 The Rainmaker Group
Tammy Farley
5755 North Point Parkway
Suite 77
Alpharetta, GA  30022
Phone:  678-578-5777
Email:  sales@letitrain.com
http://www.letitrain.com

Media Contact:
Julie Keyser-Squires
Softscribe Inc.
Julie@softscribeinc.com
(404)256-5512
http://www.softscribeinc.com
 

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Also See: Mid-America Apartment Communities Installs Rainmaker revolution LRO SM Revenue Management Throughout 140 Properties; revolution LRO delivers a 3% rate increase to Mid-America in pilot test / August 2007
The Rainmaker Group and Realty DataTrust Partner to Introduce Optimized Multi-Dimensional Online Pricing for the Apartment Industry; Revolution LRO clients now able to market optimized rental rates on the Internet through VaultWare™ online leasing solution / June 2007
Trump Entertainment Resorts Installs Rainmaker Group revolutionsm Revenue Management Suite in All Atlantic City Properties; Trump uses revolution RM to optimize rates, manage increased demand for three properties and 2,900 rooms / June 2007
The Rainmaker Group Launches New Version of Multi-Family Housing Revenue Management System, revolution LRO; Revenue Management leader taps two math Ph.D.s, leverages data for more profitable business decisions by MFH operators / May 2007
The Rainmaker Group's 2007 Client Steering Committee Conference Expands 'Product Roadmap'; Revenue Management leader listens to users for product development guidance / April 2007
Casino Hotels Boost Profits with Rainmaker Group, Agilysys Tech Collaboration; Revenue Management and Property Management Systems identify profitable gamers / March 2007
The Rainmaker Group Hosts 3rd Annual Client Steering Committee Meeting; User Input to Guide Development; Revenue Management leader taps users for 'Project Roadmap,' assesses client priorities / March 2007
The Rainmaker Group Increases Staff 30%, Relocates to Larger Offices; Revenue Management leader adds business unit, expands to service growing client demand / March 2007
The Rainmaker Group Launches Revenue Management Pilots with Four Major Multi-Family Housing Operators; Rainmaker revolution LROsm system demonstrates immediate lease/rent revenue lift / January 2007
Boyd Gaming Hits 'Jackpot' With Revenue Management Strategy; Focus on guest value gives the advantage to the house / September 2006
The Rainmaker Group to Share Expertise at Revenue Management and Pricing Conference; Rainmaker Executive VP, Tom Walker, will speak at EyeforTravel Revenue Management and Pricing in Travel 2006 Conference / August 2006


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