Apartments.com Partners with Rent Tech to Provide Hard-to-Find Apartment Listings in the Competitive San Francisco Market

SAN FRANCISCOFeb. 23, 2000—Apartments.com, a leading national online apartment guide, today announced it has partnered with San Francisco-based Rent Tech to provide one of the largest databases of available apartments in the competitive San Francisco market through its national web site, www.apartments.com.

Under the new agreement, apartment hunters who use Apartments.com to find rental properties in the San Francisco area will be referred to a co-branded jump page that will offer the option of using Rent Tech's highly acclaimed apartment search and roommate service.

San Francisco is a unique market because it is one of the few large cities experiencing a reverse market in which renters compete for available properties and can make finding an apartment very difficult. In many cases, leases are signed several months and sometimes years in advance to reserve an apartment, and landlords are being increasingly selective in the criteria for renting their properties.

"With San Francisco maintaining the lowest vacancy rate in the country at less than two percent, area natives and those relocating to the city often have a difficult time finding available apartments," said Matt Wise, vice president and general manager of real estate, Classified Ventures, Inc., the company that owns Apartments.com. "Rent Tech is the leader for matching renters with apartments, and we believe this partnership will help renters gain an edge in finding an apartment."

Rent Tech has compiled one of the largest sources of listings in San Francisco because the listing service is free to landlords and property managers. Apartment hunters can subscribe to Rent Tech's service at a cost of $85 for 90 consecutive days of rental listings, which include detailed apartment descriptions, maps, photos and advice from Rent Tech's staff. Rent Tech successfully places the vast majority of its customers in housing, and offers a $60 refund if a lease is not signed during the 90-day term.

"The partnership between Rent Tech and Apartments.com will greatly benefit apartment seekers in San Francisco and across the country," said Grey Todd, president and CEO of Rent Tech. "Rent Tech works with landlords and property managers every day to provide the most recently listed and hard-to-find apartments in the Bay area, so we are sure that those who start their search with Apartments.com will be very pleased with their results."


About Rent Tech

Rent Tech is the largest local provider of rental and roommate listings in the San Francisco area. Rent Tech has one of the best reputations and longest histories of providing rentals to San Francisco, with a better than 85 percent success rate. More Information about Rent Tech can be found at www.renttech.com.


About Apartments.com

Apartments.com is a leading national online apartment guide distinguished by its personalized searches, highly visual ads and affiliation with the local web sites of top newspapers across the country, including the Chicago Tribune, Washington Post, Los Angeles Times and The New York Times. It currently represents about one million apartments in all 50 states and Washington, D.C.

Apartments.com is owned by Classified Ventures, Inc. Based in Chicago, Classified Ventures was created by eight of the largest media companies in the U.S.: Gannett Co., Times Mirror Company, Central Newspapers, Inc., Knight Ridder, The McClatchy Company, The New York Times Company, Tribune Company and the Washington Post Company. Classified Ventures provides nationally branded online services in classified advertising marketplaces that build upon the local capabilities and expertise of its national affiliate network of more than 130 newspapers throughout the country.

Classified Ventures currently operates five national Web sites in the apartment, auction, automotive, relocation and new home construction categories, including Apartments.com (www.apartments.com), Auctions.com , cars.com (www.cars.com), MovingCenter.com (www.movingcenter.com) and NewHomeNetwork.com (www.newhomenetwork.com). Classified Ventures also offers HomeHunter as a local resale real estate service on the web sites of its newspaper affiliates. For more information on Classified Ventures, visit www.classifiedventures.com.