INDUSTRY HAPPENINGS
AKAM DELIVERS GENESIS SYSTEM ON JUNE 1ST

AKAM Associates, the first New York residential management company to offer an interactive Internet website, has now developed the AKAM Genesis System, the first-ever proprietary Internet portal for the exclusive use of properties managed by a professional residential management firm. The AKAM Genesis System will be in place and available for the use of AKAM clients on June 1, 2000.

To get into the AKAM Genesis System, which will be accessed by visiting the AKAM website at www.akam.com, residents of AKAM managed buildings will use a secured building code and user password. Once in the system, residents will be able to view messages from management; access staff information including work schedules; submit work orders; view corporate documents such as house rules, by-laws and the minutes of board meetings; post messages and announcements on a message board that will offer the option to reach both their neighbors in the building and the residents of all AKAM managed properties; participate in a residents professional directory; and enjoy links to neighborhood and citywide information, weather, traffic and travel directions.

"Great ideas are often in the air," says Leslie Kaminoff, AKAM CEO. "So, it's no surprise that AKAM began developing the Genesis System about the same time some other companies came up with similar concepts." The difference, Kaminoff points out, is that unlike other Internet portals being marketed to management companies and their clients, the AKAM Genesis System has been designed specifically to meet the needs of AKAM managed buildings.

"It's great to have an informational Internet connection," says AKAM Executive Vice President Michael Berenson, "but how effective can it be if everyone has the same generic information? AKAM developed the Genesis System as part of our internal service menu. It's for the exclusive use of our clients only. We're not an Internet company masquerading as a management company. We're a management company dedicated to giving our clients the highest level of service. That's why AKAM clients won't find any outside advertising or unnecessary chatter in the Genesis System. And they won't wind up paying for it down the line. The Genesis System is a free service created in the best interests of our clients."

Decision makers of properties that are not managed by AKAM Associates can learn more about the AKAM Genesis System by visiting the AKAM website at www.akam.com and clicking on the Genesis Features button. The AKAM Genesis System is an extension of AKAM's ongoing What You Need To Know client services program, which includes AKAM's quarterly What You Need to Know newsletter and monthly Management in A Minute infobulletins and Financial Management Updates for AKAM clients and periodic informational seminars for the metropolitan New York co-op and condo community.

Mr. Kaminoff is a veteran member and serves on the NYARM Board of Directors as a manager member.

ANITA SAPIRMAN RECEIVES REAL ESTATE BOARD OF NY AWARD

Anita Sapirman, RAM, nyarm, founder and president of Manhattan based Saparn Realty, Inc., has been named Residential Management Executive of the Year by the Real Estate Board of New York (REBNY). Ms. Sapirman received the award, "in recognition of her outstanding professionalism in the field of property management, civic achievement and contributions to the real estate industry," during the breakfast reception immediately preceding REBNY's Fifth Annual Real Estate Trade Show and convention on Friday, March 10, 2000 at the New York Hilton. The award was sponsored by REBNY, the REBNY Brokerage Division and the REBNY Management Council and was presented to Ms. Sapirman by attorney Benjamin Kirschenbaum who received the award last year and with whom Ms. Sapirman co-chaired the REBNY Management Council until this year.

In addition to stewarding Saparn Realty, one of new York's most highly respected residential management firms, Ms. Sapirman's ongoing industry contributions include positions as a founding member and past co-chair of the Residential Management Council of REBNY, co-founder and Vice President of the Association of Cooperative and Condominium Managers (ACCM) and member of the Executive Board of the Neighborhood Coalition for Shelter, Inc.

Ms. Sapirman's professional credentials also include a former Board position and current membership in the New York Association of Realty Managers (NYARM) and membership in the Associated Builders and Owners of Greater New York (ABO) and the Council of New York Cooperatives and Condominiums (CNYC).

A recognized authority on asset management, author of numerous real estate related articles and a popular speaker at real estate industry seminars and conferences, Ms. Sapirman has earned professional designations as a Registered Apartment Manager (RAM) from the National Association of Home Builders (NAHB) and a new york accredited realty manager (nyarm) from the New York Association of Realty Managers. In fact, she was among the first group of professional property managers to be so designated by NYARM. Ms. Sapirman is also a licensed real estate broker, a NYS registered mortgage broker and a NYC Commissioner of Deeds.

"Anita has been a diligent and extremely helpful co-chair of the Residential Management

Council since its inception," says Marolyn Davenport, REBNY Senior Vice President for Management Services and Government Affairs. "Her colleagues and peers were thrilled to have an opportunity to honor her and recognize her contributions."

"I am honored to have received this prestigious award from my professional peers and I thank REBNY for their support of my work and the work of our colleagues in the field," said Ms. Sapirman.

 



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