IMT Residential Adds Intuit Real Estate Solutions’ Resident Portal to Software Solution

CLEVELAND, OHIO -- August 6, 2007 -- IMT Residential, a Sherman Oaks, California-based private full-service multifamily housing operator, today announced that it has added Resident Portal to its existing MRI software, a leading property management solution offered by Intuit Real Estate Solutions (IRES). IRES, a division of Intuit Inc., (Nasdaq: INTU) provides property management and accounting software solutions to the global real estate industry.

New Solution Provides Competitive Advantage

IMT currently manages over 16,000 residential units and 45 properties in four U.S. states. They were looking for a solution as part of their technology revamp. IRES was able to fill a critical component from a technology standpoint.

“We looked at numerous solutions in the market today, and chose IRES’ Resident Portal for its robust features,” explained Joseph Elhabr, Vice President at IMT Residential.

“We wanted to streamline our collections process,” explained Elhabr. With the IRES solution, residents can make their payments online. This speeds up the payment process for IMT and also gives residents more flexibility.

“This gives us a competitive advantage in the marketplace,” he added.

“We were also impressed that the information we would be accessing would be in real time. We are currently running MRI Residential and looked at other solutions to integrate with it. We discovered other solutions we studied were able to tap into the data, but not in real time. With IRES’ Resident Portal, instantaneous information is available and we will always know the data we are looking at is as current as possible.”

Another unique feature that drew IMT to IRES’ Resident Portal was the ability to track service requests. Other solutions in the marketplace allow you to enter requests, but IRES’ solution takes it a step further and allows you to track them as well. This ability will cut down on administrative time and improve the quality of service residents will receive.

“We are pleased to have yet another organization leverage our solution to streamline their efforts and improve their residents’ experience,” said Jeff Thompson, division president of IRES. “IRES remains committed to solving for our clients’ unique challenges and delivering a great experience.”

About Intuit Real Estate Solutions

Intuit Real Estate Solutions offers business management solutions to the global property management industry as well as corporate real estate managers. Offering the most flexible solutions with both outsourced hosted offerings and packaged enterprise software, Intuit Real Estate Solutions develops long-term successful relationships with its clients. The business currently has more than 4,500 installations on five continents and in 41 countries. For more information, please visit www.realestate.intuit.com. IRES is a division of Intuit, Inc. (Nasdaq: INTU).

About IMT Residential

IMT Residential is a Sherman Oaks, California based privately held full-service operator of multi-family residential properties. The company currently manages over 16,000 residential units and 45 properties in four U.S. states. Founded in 1992, IMT Residential has been recognized on the lists of Top 50 multifamily firms nationally by the National Multi-Housing Council (NMHC) and Multi-Family Executive Magazine.

About Intuit, Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants. The company’s financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $2.3 billion in its fiscal year 2006. The company has more than 8,100 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.