Alliance Commercial Partners Chooses MRI Software for Portfolio

CLEVELAND — July 7, 2010 — Alliance Commercial Partners, headquartered in Colorado, has chosen MRI Software’s hosted solution for its property management accounting needs. Alliance Commercial Partners (“Alliance”) is a privately held real estate operating and investment company, focused on strategic acquisition, development, capitalization, repositioning and management of real estate assets. MRI Software is an industry-leading provider of global real estate and portfolio management software and services.

Alliance plans to use MRI’s core suite of products for property management and accounting to manage its nearly 50 properties located throughout southern California, Colorado, Illinois and Arizona. Having previously outsourced their property management, Alliance needed a robust software solution that would allow them to internalize their accounting functionality. Since the vast majority of their third-party management companies were already using MRI, it was an easy transition to make.

“I was already familiar with the strong functionality of MRI,” explained Ben Hrouda, Director, Portfolio Accounting at Alliance. It has been a relatively seamless transition for the Alliance team to the new in-house software. Property managers in the field now access the Alliance database directly through a web portal. This allows for streamlined information, automated processes and transparency among all properties.

“We are looking forward to the transparency MRI will provide us, allowing easier dissemination of information and affording us operational benefits,” Hrouda added. “We plan to use the workflow tool with our asset managers internally to gain a sense of responsibility and accountability throughout the process.”

David Post, Chief Executive Officer at MRI Software, said, “As an organization, we are always pleased when companies recognize the value we can supply their business. We look forward to proving to Alliance the benefits we can regularly provide on an ongoing basis.”

About MRI Software, LLC.
MRI offers business management solutions to the global property management industry as well as to corporate real estate managers. Offering the most flexible solutions with both outsourced hosted offerings and packaged enterprise software, MRI leverages its more than 38 years in business and develops long-term successful relationships with its clients. MRI currently has more than 4,500 installations on five continents and in 41 countries. For more information, please visit www.mrisoftware.com.

About Alliance Commercial Partners
Alliance Commercial Partners is a privately held real estate operating and investment company, creating significant capital appreciation for its investors through strategic value-added acquisition, development, capitalization, repositioning and management of real estate assets throughout the United States. In twelve years, Alliance has invested approximately $1.84 billion in 134 properties totaling over 18.6 million sq. ft. Alliance is headquartered in suburban Denver, with regional offices in Los Angeles and Chicago. Additional information is available at www.alliancecp.com.