SOURCE: MyNewPlace

September 27, 2007 20:13 ET

MyNewPlace Named Best of the Web by BusinessWeek

SAN FRANCISCO, CA--(Marketwire - September 27, 2007) - MyNewPlace, the Web's fastest growing apartment classifieds site according to Compete, Inc., announced today it has been named Best of the Web, Real Estate by BusinessWeek for the second year in a row. Best of the Web, Real Estate

The only dedicated apartment and home rental site to make the list, MyNewPlace has proven to be a contender in a very competitive industry after launching in May of 2006. The pay-for-performance model offered by MyNewPlace to property management companies incorporates instant updates and the ability to offer even more cash back than competitive sites. Features such as location-based searching, satellite imagery and the ability to reserve a rental online make for an easier apartment selection process for prospective renters.

"We continue to add new functionality and inventory to our apartment and single family home rental Web site and are very excited to receive this recognition," commented John Helm, CEO for MyNewPlace. "We feel we have built a best-in-class website for resident and management company alike and to receive this acknowledgement means a great deal to us."

About MyNewPlace

MyNewPlace (http://www.mynewplace.com) is creating the largest and easiest-to-use online marketplace for apartment and home rentals, connecting renters and owners of all types of properties. When renters find their new place on MyNewPlace and move in, participating properties offer a rebate. Property owners get a no-risk, performance-based solution for filling their vacancies: They do not pay for advertising; instead, they pay for leases. Headquartered in San Francisco, CA, MyNewPlace was founded in 2005 by John Helm the founding CEO of AllApartments/SpringStreet, which became the number one apartment rental and relocation site on the Internet before its sale to Homestore in 1999. For more information, visit http://www.mynewplace.com.

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