Lincoln Property Company, the largest privately held property management firm in the nation, manages 250 multi-family communities. The apartment communities include those owned by investors, as well as apartments developed by Lincoln itself through its Building and Development operations in its Dallas headquarters. With an average of 300 units per community generating millions in annual revenue, effective asset management is critical.

Like many companies needing to upgrade for Y2K compatibility, Lincoln faced an important choice. They could upgrade their existing application merely to accommodate the Year 2010 date change, or look for solutions that would address the date change as well as add needed productivity, functionality and cost-savings to their operations.

Legacy Partners, located in Foster City, Calif., (formerly known as Lincoln Property Company in the Western United States) is one of the largest privately held commercial and residential real estate development and property management company in the nation. Their superior reputation for managing large apartment communities has attracted a number of large institutional investors as clients. These institutional investors buy property as an asset, and their asset managers may make decisions weekly or even daily about the asset, based on information such as cash flow, marketing and advertising performance, sales and rental information, maintenance costs, etc.