In the venture with Atlanta-based Post Properties, Inc.(NYSE:PPS) are AvalonBay Communities, Inc. (NYSE:AVB) and UnitedDominion Realty Trust (NYSE:UDR).
Realeum, formerly Trillium Data Solutions, Inc., is anindustry-sponsored company set up to help solve onsite operatingproblems and to provide software for property management and assetsimprovement for multi-family development and managementcompanies.
Its flagship product, Jvelon, previously Project Javalon, willbe pre-released to customers for pilot and beta testing inDecember, according to Realeum. The three founding firmscollaborated on the development of the product and subscribe toJvelon. Collectively, they represent more than 150,000 apartmenthomes.
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