Press Releases

NORTHLAND LAUNCHES RENT ASSURANCE PROGRAM
Unique program allows residents to break lease with no termination fees

05.20.2009, Newton, MA - Today, Northland Investment Corporation announced the launch of its Rent Assurance Program (RAP). In the event that a resident loses his or her income involuntarily, RAP allows the individual to walk away from his or her lease, without paying termination fees. This first-of-its kind program is being rolled out across Northland’s entire multifamily portfolio, which includes 16,670 units in nine states— Massachusetts, Connecticut, Rhode Island, North Carolina, South Carolina, Tennessee, Florida, Texas, and Arizona.

Diane Yensen, Vice President – Multifamily at Northland Investment Corporation, noted, “In these challenging economic times, we believe it’s important to offer our residents peace of mind. Losing your income can be a scary situation, and RAP provides our residents with an ‘out’ in the event that they involuntarily lose their job and need to break their lease. We are very pleased to offer our residents this program.”

RAP is available only at Northland communities. Current residents looking for more information on Northland’s Rent Assurance Program should contact their local community management office. Other interested parties may contact Northland’s Customer Service department at 800.762.1250 or customerservice@northland.com for details.

About Northland Investment Corporation
Founded in 1970, Northland Investment Corporation is a privately held, vertically integrated real estate company focused on the acquisition, development and operation of commercial real estate throughout the United States. Northland owns a $2.1 billion diversified portfolio of 19 million square feet in ten states, and has a development pipeline in excess of $1 billion. For more information on Northland Investment Corporation, visit www.northland.com.

For more information, contact:
Sara Scarborough Graham
617.630.7259
sgraham@northland.com

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