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Highwoods Properties Awards Contract to Asset Management for Lease Accounting Services

CHARLOTTE- Asset Management Technologies has contracted with Raleigh, NC-based Highwoods Properties, Inc. to improve the REIT's lease accounting methods. The abstracting service will include the electronic conversion of about 3,000 leases. The value of the contract was not disclosed in the company's news release.

By Brian Falk | Updated on February 21, 2001

CHARLOTTE-Asset Management Technologies has contracted with Raleigh, NC-based Highwoods Properties, Inc. to improve the REIT’s lease accounting methods. The abstracting service will include the electronic conversion of about 3,000 leases. The value of the contract was not disclosed in the company’s news release.

Data from Highwoods’ current accounting system will be electronically converted to be read and manipulated by Asset Management’s document management system, AMCProlease.

Using the Windows-based application, Highwoods will have centralized lease file management, drill-down capabilities in their document warehousing, and complex information reporting, Asset Management states in the news release.

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