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FOR RELEASE DECEMBER 19, 2008 AssetEye Inc Welcomes Centerline Capital Group to its Distinguished List of Real Estate Investment Clients NEW YORK, December 19, 2008 – AssetEye Inc, a leading provider of portfolio management solutions for real estate, announced today that Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services, has selected AssetEye’s portfolio management solution to meet its intensive reporting and analysis requirements. Through its investment fund partnerships, Centerline’s Commercial Real Estate Group makes equity investments in multifamily properties in major urban markets. Centerline will employ AssetEye to collect and aggregate operational results from its joint venture partners, including financials and budgets, performance statistics, and other critical data. AssetEye will consolidate these results to provide critical real estate calculations, including venture and fund distributions (waterfalls). “In this environment, efficient and accurate reporting is crucial,” said Joe Brown, a director in Centerline’s Portfolio Management Group. “AssetEye saves us time because it puts critical information at our fingertips.” AssetEye Inc’s flagship real estate reporting and analysis solution has gained recognition for its flexibility and ease-of-use, and its ability to interact with other industry-leading tools. With enterprise and hosted options, AssetEye offers solutions to real estate equity firms of all sizes, from small funds to international advisors. Among AssetEye’s current clients are AEW, Bank of America, and Mass Mutual. About AssetEye Inc AssetEye (www.asseteye.com) is a provider of advanced software solutions for real estate investors, advisors, asset managers, and developers. Its flagship portfolio management solution has gained industry recognition for its ease-of-use, flexibility, and commitment to industry standards. About Centerline Capital Group Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC:CLNH), provides real estate financial and asset management services, including institutional debt and equity fund management, mortgage banking and primary and special loan servicing. As of September 30, 2008, Centerline had more than $14 billion of assets under management. Centerline is headquartered in New York, New York and has nine offices throughout the United States. For more information, please visit Centerline's website at http://www.centerline.com or contact Investor Relations at (800) 831-4826. For information, contact: |
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