SANTA BARBARA, CA; NEW YORK; AMSTERDAM; HONG KONG; SYDNEY, AUSTRALIA − July 17, 2007, Yardi Systems, the global leader in investment, asset and property management software, is pleased to announce that AEW Capital Management, L.P., one of the industry’s largest real estate fund managers, has selected Yardi Investment Management to manage its impressive international portfolio.
AEW embarked on a detailed evaluation comparing offerings from Yardi Systems and competing vendors. “After a full functional comparison and review, Yardi’s thorough functionality for fund and investment accounting really made the difference in our selection,” said Jon Martin, Vice President, Client Accounting/Operations, AEW. “As long-time Yardi users, we have always been happy with their approach to asset and property management,” he continued. “We are very impressed with their offering for managing complex fund and partnership structures and the ability to deploy the solution globally.”
Yardi Systems is honored to include AEW in its growing list of industry-leading fund managers using its Investment Management solution. Alan James, Director of Global Strategic Accounts for Yardi Systems, said: “It is a testament to the breadth of Yardi’s Investment Management solution that AEW chose to continue and extend their relationship with Yardi Systems. This is further confirmation that fund managers like AEW are focused on transparency in operational and investor performance to instill investor confidence. AEW is a global market leader and understands the importance of eliminating risk and providing superior services to their clients.”
With an implementation plan of twenty-four months, AEW plans to roll out Yardi Investment Management throughout Singapore and Southeast Asia this August, followed by European and North American offices. The implementation of Yardi Investment Management will replace the existing Windows-based Yardi Enterprise™ system, which AEW has been using since 1997, with a centralized, fully integrated global Investment Management system.
About AEW Real Estate Investment Management
Founded in 1981, AEW Capital Management, L.P. provides real estate investment management services to investors worldwide. Currently, AEW and its affiliates manage over $42 billion of real estate assets and securities on behalf of many of the world’s leading institutional and private investors. AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum.
Headquartered in Boston, AEW also has offices in Los Angeles, London and Singapore, as well as affiliate offices in Paris and nine other European cities. AEW integrates its resources and capabilities in North America and Asia with that of its European affiliate, AEW Europe, to create a truly global real estate investment management platform. AEW is an autonomous subsidiary of Natixis Global Asset Management, one of the world’s leading investment management firms. For more information, visit www.aew.com.
About Yardi
Yardi Systems, Inc. is the global leader in the design, development, and support of integrated Investment, Asset and Property Management software for organizations of all sizes. For more than 25 years, our technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Our software is client-driven and serves more than 15,000 businesses, corporations, and government agencies, representing more than 5 billion square feet of commercial space and 5 million residential units globally.
Yardi enjoys a customer base that incorporates some of the world’s leading international companies. Its European customers include Fortress, Sachsenfonds, Cushman & Wakefield, CBRE Investors, and Erinaceous.
Headquartered in Santa Barbara, California, Yardi Systems is a privately held corporation with offices throughout the United States, Canada, Europe, Asia, and Australia. More information about Yardi products and services may be found by visiting www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255