Exhibit 99.1

Koger Equity Second Quarter 2003 Earnings Conference Call

     BOCA RATON, Fla.--(BUSINESS WIRE)--July 15, 2003--Koger Equity, Inc.
(NYSE:KE - News) announced today that it will host its quarterly conference call
to discuss second quarter 2003 financial results on Tuesday, August 5, 2003 at
10:30 am ET. Hosting the call will be Thomas J. Crocker, Chief Executive
Officer, Steven A. Abney, Chief Accounting Officer and Thomas C. Brockwell,
Senior Vice President. The call will be webcast live over the Internet from the
Company's website at www.koger.com under the section titled "Webcast".
Participants should follow the instruction provided on the website for the
download and installation of audio applications necessary to join the webcast.
The call can also be accessed live over the phone by dialing 888-889-5345 or for
international callers by dialing 973-339-3086. A replay of the call will be
available one hour after the call and can be accessed by dialing 877-519-4471 or
973-341-3080 for international callers, the password is 4040851. The replay will
be available until August 19, 2003.
     A press release with the second quarter 2003 financial results will be
issued before the market opens on Tuesday, August 5. About Koger Equity Koger
Equity, Inc. owns and operates 124 office buildings, containing 8.93 million
rentable square feet, located primarily in 16 suburban office projects in nine
cities in the Southeastern United States and Houston, Texas. For more
information about Koger Equity, contact its website at www.koger.com or Investor
Relations, 225 NE Mizner Boulevard, Suite 200, Boca Raton, Florida 33432- 3945,
or call 1-800-850-2037.

        CONTACT: Koger Equity, Inc.
                 Tom Brockwell (IR), 800-850-2037
                 or
                 Integrated Corporate Relations
                 Brad Cohen, 203-222-9013