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					PRESS RELEASE

FOR RELEASE June 5, 2007:
Washington DC based Carr Realty Partners selects Virtual Premise for Portfolio
Management and Document Management

Atlanta, Georgia, June 2007 – Virtual Premise announces that Carr Realty Partners has
selected the Virtual Premise Global Real Estate Management System for managing
information related to their properties and leases. Virtual Premise is integrating with MRI to
enable CRP to pull lease and property information and along with information captured within
Virtual Premise to streamline their clients reporting needs.

In addition, Virtual Premise will give CRP’s clients direct access to information related to their
individual portfolios. Finally, CRP will be utilizing Virtual Premise’s imbedded document
management system to maintain its property and lease documents for access by CRP.

About Carr Realty Partners
Carr Realty Partners, headquartered in Washington, D.C., is organized to deliver
development, property management, brokerage, project management and financial services
to both users and investors in commercial real estate in the Greater Washington, D.C.
metropolitan area. CRP is a joint venture between the principals of Columbia Equity Trust
(CET), and a number of past executives from CarrAmerica Realty Corporation. Its initial
purpose will be to vertically integrate the property operations, development,
accounting/financial management and reporting functions for CET, and to offer similar
services to select, compatible Class A owners of commercial real estate.

During the past 30+ years, collectively, the CRP leaders have been responsible for the
acquisition and disposition of more than 30 significant commercial assets on behalf of CET
and its predecessor Carr Capital Corporation; the development of approximately 40 Class A
commercial office and mixed use properties on behalf of CarrAmerica Realty Corporation, its
predecessor the Oliver Carr Company, and numerous institutional investor and user groups;
and the on going operations (property management, leasing, engineering, and financial
reporting) of CarrAmerica’s and The Oliver Carr Company’s 15 million square foot Greater
Washington D.C. portfolio, and approximately 40 million square feet on a national basis.
Additional information on Carr Realty Partners can be located at www.carrpartners.com.

About Virtual Premise
Virtual Premise, Inc. (www.virtualpremise.com), Atlanta, GA, is the leading provider of Real
Estate Information Management Software. Key Products include Portfolio, Lease, Project,
Transaction, Contact and Document Management. Virtual Premise also offers Lease
Abstracting, Document Scanning, and Due Diligence Services.           Its client base consists of
landlords, real estate service providers, retailers and corporations.


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CONTACT:
Contact Person: Rufus A. Chambers, Jr.
Company Name: Virtual Premise, Inc.
Voice Phone Number: 404-564-2473
FAX Number: 404-267-1710
Email Address: rchambers@virtualpremise.com
Website URL: www.virtualpremise.com

				
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