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CNL Retirement Corporation Implements AMTdirect for Lease Administration, Project Management and Document Management


CHARLOTTE, N.C — (BUSINESS WIRE) January, 2004 — Asset Management Technologies (AMT) today announced that CNL Retirement Corp. (CNL) has selected AMTdirect as their property, lease, document and project management platform. In connection therewith, AMT provided lease abstraction and imaging services for approximately 500 leases related to their portfolio of 165 owned properties.

Asset Management Technologies, the developer of AMTdirect, who also provides complete implementation services including lease abstraction, lease auditing, scanning and data conversion services, was able to provide a complete turnkey solution delivering on the needs of CNL in less than six weeks.

CNL Retirement Corp. is the advisor to CNL Retirement Properties, Inc., a real estate investment trust (REIT), and one of the nation's leading investors in the seniors' housing industry specializing in the acquisition of premium independent and assisted living communities.

CNL Retirement will utilize AMTdirect to add value for their investors through the efficiency gains in property and lease administration, project management and document management services.

"We were very pleased to bring value adding solutions to CNL. CNL is a leader in the commercial real estate and REIT marketplaces, and with their reputation in the industry their vote of confidence is significant.", said Jon Taylor Vice President, Business Development of AMT. "The implementation of CNL Retirement is another example that web based lease administration coupled with fully integrated document management is the preferred technology when managing complex portfolios of commercial real estate," said Scott Schubert, President and CEO of AMT.

"After extensive review of other applications in the market, it was clear that AMTdirect is the most state of the art real estate administration system.", said Stuart Beebe, Chief Financial Officer of CNL "The way the system empowers our team to effectively manage our property and lease information, with direct integration to all of our documents was critical. Additionally, the workflow, project management and critical date monitoring, was right in line with our requirements for a well rounded application," said Tami Jo Hammer, Project Manager.


About Asset Management Technologies

AMT is the leading provider of 100% web based technology solutions to the corporate and commercial real estate markets. AMT offers a full range of commercial real estate consulting services including lease abstraction, due diligence, data imaging, data conversion and accounting system conversion services, making it a leader in turn-key lease administration solutions. Companies who have turned to AMT include Lowe’s Companies, BB&T, Dow Chemical, Johns Hopkins, Lincoln Property Company, Rack Room Shoes, HCA Healthcare, Enterprise Rent A Car, and many others. For more information on Asset Management Technologies' software and services, visit our web site at http://www.amtdirect.com. or contact our Sales Department at 704.896.3118 or by e-mail at sales@amtdirect.com.


About CNL Retirement Corp

CNL Retirement Properties, Inc. is an affiliate of CNL Financial Group, Inc., and owns a portfolio of 164 properties in 30 states in the seniors' housing and medical office building sectors. Headquartered in Orlando, Florida, CNL Financial Group, Inc. is one of the nation's largest, privately held real estate investment and finance companies. CNL Financial Group, Inc. and the entities it has formed or acquired have over $10.9 billion in assets, representing approximately 4,500 properties across North America. For more information, please visit www.cnlonline.com.

For more information, visit us on the web at www.amtdirect.com, email us sales@amtdirect.com, or call our Sales Team at (888) 551-4268.


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