NWP Services Corporation Opens Ann Arbor Office to Serve as Information Technology and Financial Management Hub for Multifamily Clients

Innovative approach to back-office execution will better support property owners and managers

Jul 19, 2012, 09:00 ET from NWP Services Corporation

COSTA MESA, Calif., July 19, 2012 /PRNewswire/ -- Today, NWP Services Corporation (NWP), a leading provider of utility management, resident and property operation services, announced the opening of a new office in Ann Arbor, Mich., which includes 25 new staff hired from the local community.

The Ann Arbor office will support NWP's new SmartSource service, which enables multifamily portfolio managers to outsource routine back-office functions freeing them to focus on their core competencies – keeping residents happy and providing superior asset management. NWP employs a staff of highly skilled experts in multifamily operations, financial management and information technology (IT), and through SmartSource, NWP extends this expertise to support multifamily companies' back-office needs, giving them a competitive advantage.

"Ann Arbor has long been a hub for innovation, and NWP's new office here fits right in with that culture," said Ron Reed, executive vice president of NWP and Michigan native. "Building on our proven success in lowering operating costs and increasing cash flow for multifamily portfolios, SmartSource enables the multifamily industry to scale their operations to new levels by taking advantage of our highly qualified operations, IT and finance resources."

The new office will be located at 500 E. Washington Street, Ann Arbor, Mich. NWP plans to continue growing this office and is working in partnership with Ann Arbor SPARK on the company's continued growth in the area.

NWP is the multifamily leader of choice, bringing customers of all sizes innovative services, strong regulatory capabilities, deep experience and a proven track record of results. In 2011, NWP billed more than $617.9 million to its customers' residents at more than 5,300 properties.

"We look forward to bringing our high-quality service and innovative solutions to serve customers throughout the country from our new office in Michigan," Reed continued.

About NWP Services Corporation
Headquartered in Costa Mesa, Calif., NWP Services Corporation (NWP) is a leading provider of utility management, resident and property operation services that enable multi-housing properties to drive down their costs and create new revenue opportunities. NWP services include utility expense recovery, energy management, invoice processing automation; online payments and spend management; resident billing and submetering services; and facility management and online supply procurement solutions. NWP offers regulatory consulting services and multifamily industry benchmarking analytics and extensive reporting technologies, as well as comprehensive services and solutions to optimize back office systems. NWP is the industry's premier provider of nationwide submetering installation and maintenance services. Additional information is available at www.nwpsc.com.

SOURCE NWP Services Corporation