SOURCE: NWP Services Corporation

NWP Services Corporation

March 22, 2011 17:39 ET

NWP Services Corporation Selected for GEMSA Power Buyer Program

Members to Increase Financial Performance and Asset Value for Their Multifamily and Commercial Real Estate Portfolios

IRVINE, CA--(Marketwire - March 22, 2011) - NWP Services Corporation (NWP), a leading provider of financial transaction processing solutions to the multifamily housing industry, today announced the company has been selected as a preferred provider for GEMSA Power Buyer Service members. GEMSA Power Buyer Service is a service offering of GEMSA Loan Services, a real estate services company managing commercial mortgage assets totaling over $120 Billion. 

"GEMSA Power Buyer Service selected NWP to fill this role due to its innovative solutions and proven track record of delivering returns and results," said Mark Krasovec, national sales manager for GEMSA Power Buyer Service. "NWP provides nation-wide service and has become an industry leader in driving expense and operational savings, making them a perfect fit for GEMSA," added Krasovec.

GEMSA Power Buyer Service helps its customers maximize the performance of their real estate assets by improving property value, increasing Net Operating Income (NOI) and optimizing expenses. These goals are achieved by applying GEMSA Power Buyer's network of key suppliers and providers that deliver efficiencies, aggregated cost savings and best practices and processes. 

Multifamily and Commercial real estate operators are under tremendous pressure to deliver returns, transform properties into revenue-generating machines and create thriving operations that traverse any economic terrain. Strategically managing utilities expense and related operational processes is a proven way to accelerate a properties financial performance and accomplish these goals.

"We are pleased with GEMSA Power Buyer's selection of NWP," commented Michael Radice, CEO and president for NWP Services Corporation. "Today, utilities are the 2nd or 3rd largest operating expense and represent one of the greatest opportunities for savings and recovery. GEMSA Power Buyer Service and NWP will work with GEMSA's clients to make increased profitability a simpler process by delivering the right products and services to maximize utility-related expense reductions while providing world-class service," Radice added.

NWP's financial transaction processing solutions available to GEMSA Power Buyer Service members include resident billing, resident payment and utility management. When used as an integrated solution, NWP's "Power of Three" increases Net Operating Income (NOI) and Funds From Operations (FFO), $500 to $1,000 per rental unit per year. Resident billing helps owners and operators recover utility expenses with options including convergent billing with Resident OneBill. NWP's Resident ePay product allows residents to pay rent and other charges online, by phone or in person with funds transferred to the bank electronically. NWP's utility management product, UtilitySmart, helps optimize utility spend and operational processes with savings falling to the bottom-line increasing the asset value of multifamily and commercial real estate properties.

"Our clients will be quick to adopt these products, to gain control of one the largest areas of expense which now represents their largest opportunity," said Krasovec.

About NWP Services Corporation:
Headquartered in Irvine, California, NWP Services Corporation (NWP) provides financial transaction processing services for the multifamily industry including resident billing, resident payment and utility management. Resident billing helps owners recover utility expenses with options including convergent billing with Resident OneBill. NWP's Resident ePay product allows residents to pay rent and other charges online or in person with funds transferred to the bank electronically. NWP's utility management product, UtilitySmart, helps owners and operators optimize utility spend, increasing in Funds from Operations (FFO), Net Operating Income (NOI) and the asset value of multifamily properties. Additional information is available at www.nwpsc.com.

Contact Information

  • Contact for NWP Services Corporation:
    David Collins
    949-253-2589
    Email Contact