Exhibit 99(b)
                                                              KOGER EQUITY, INC.
                                                       433 Plaza Real, Suite 335
                                                       Boca Raton, Florida 33432

                      Koger Equity, Inc. Announces Dividend

     Boca Raton,  Florida--February  21,  2002-- Koger  Equity,  Inc.  (NYSE:KE)
announced  today that its Board of  Directors  declared a quarterly  dividend of
$0.35 per share to be paid on May 2, 2002,  to  shareholders  of record on March
31, 2002.
     Koger  Equity,  Inc.  owns and operates 12 suburban  office parks and three
freestanding  buildings,  containing  approximately  7.7 million rentable square
feet,  located in eight  cities in the  Southeast  and manages for others  eight
suburban office parks and two  freestanding  buildings,  containing 3.96 million
rentable square feet, located in six cities in the Southeast and Southwest.
     For  more   information   about  Koger   Equity   contact  its  website  at
http://www.koger.com  or Investor Relations,  8880 Freedom Crossing Trail, Suite
101, Jacksonville, Florida 32256-8280, 904/538-8871.

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