Edina Realty Selects RESoft for HomeDocs Content Management System.

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--Jan. 23, 2001

Edina Realty fulfills its paperless transaction

goals through HomeDocs

Stonehaven Realty Trust's (AMEX:RPP) subsidiary RESoft, Inc., a leading provider of end-to-end content management solutions

"Our goal is to proactively search for ways in which our agents can effectively serve their clients' needs and enhance the homeownership experience. In addition, we continue to strive to position our company as a national leader in selecting proven technology solutions that will allow us to enhance our core competencies" said Ron Peltier, Edina Realty President and CEO.

With the HomeDocs system, Edina Realty will be able to securely publish home ownership related information that includes real estate, mortgage and title information. The information can be automatically transmitted from any source to the HomeDocs site. Homebuyers and sellers will then be able to access instant information about their homes and the transaction.

Consumers will be able to access this information through a secure connection in the "My Home Page" section of Edina Realty's award winning Web site. "Having all of the information available in one location online helps the agent and consumer stay connected throughout the entire home buying or selling process and beyond," added Peltier.

"We are very excited to work with Edina Realty a leader in the residential real estate industry," said Mary Henschel, President of RESoft. "HomeDocs will provide their clients with superior customer service by providing them secure, easy access to all their relevant real estate information, anytime."

REDocs enables customers to rapidly customize and easily deploy a business content management system. Business content from sources including desktop applications, business applications and templates is managed and published in Web-based formats such as HTML, XML, PDF and WML. Business personalization and integration with corporate security models ensures that users may access only the desired information that is appropriate to them.

About REDocs

REDocs is a secure, online content management system that offers a full range of features for managing property and portfolio information. REDocs is a feature-rich system that includes security, searching capabilities, email subscriptions, version control, as well as the ability to convert files in real-time from their native format to a web-based format. REDocs provides real estate companies with a comprehensive platform from which multiple users can access documents in an electronic format from any location connected to the Web.

About RESoft, Inc.

RESoft, Inc. is focused on providing content management software and services to the real estate industry and major corporations and has served over 80 content management clients including: Colliers Towle, General Mills, Cargill and Oppenheimer Wolff & Donnelly LLP. Stonehaven Realty Trust (AMEX:RPP) acquired RESoft, Inc. in February 2000 to capitalize on the growing content management needs of the online real estate sector. RESoft's REWireless product delivers content to Internet connect handheld devices.

About Edina Realty

Edina Realty is one of the nation's largest real estate companies with more than 75 real estate offices, throughout Minnesota, North Dakota and Wisconsin and more than 2,200 sales associates. Edina Realty's family of companies includes Edina Realty Home Services, Edina Realty Title, Edina Realty Mortgage and Edina Corporate Services/Relocation. Edina Realty achieved more than $6 billion in sales volume in 2000. For more information about Edina Realty, visit the company's award winning Web site at www.edinarealty.com. Edina Realty's parent company is HomeServices.com (Nasdaq: HMSV), is the second largest real estate holding company in the United States with 160 branch offices and more than 6,700 sales associates in 12 states. For more information about HomeServices.com, visit their Web site at www.homeservices.com.

Certain matters discussed within this press release may be deemed to be forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Stonehaven Realty Trust believes the expectations reflected in such forward looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Stonehaven's expectations include changes in local or national economic or real estate conditions, expanding a new line of business, customer demand for online services and products, uncertainty of emerging online services, ability to meet competition, loss of existing key personnel ability to hire and retain future personnel and other risks detailed from time to time in the company's SEC reports and filings, including its annual report on Form 10-K, quarterly reports on Form 10-Q and periodic reports on Form 8-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.