Three REITS Launch Internet Company

Three bricks-and-mortar companies are going electronic with the launching of Realeum, Inc., an Internet company that is offering Web-based products for leasing, management and asset management in multi-family housing.

In the venture with Atlanta-based Post Properties, Inc. (NYSE:PPS) are AvalonBay Communities, Inc. (NYSE:AVB) and United Dominion Realty Trust (NYSE:UDR).

Realeum, formerly Trillium Data Solutions, Inc., is an industry-sponsored company set up to help solve onsite operating problems and to provide software for property management and assets improvement for multi-family development and management companies.