SANTA BARBARA, CALIF., January 2, 2008 — Yardi Systems, the global leader in asset and property management software, is pleased to announce that California-based USA Properties Fund, has selected Yardi Voyager to manage its extensive affordable and multifamily housing portfolio.
USA Properties Fund is a privately owned real estate development organization specializing in the creation of outstanding communities. Founded in 1981, USA Properties provides a full range of capabilities for community development including financing, construction services, rehabilitation, and property management for approximately 9,200 units of family and senior apartment communities throughout California and Nevada. By selecting Yardi Voyager Affordable Housing software with ASP hosting service to support its operations, USA Properties is enabling a level of visibility and convenient compliance reporting not possible with their current systems.
During extensive business process evaluations, innovation emerged as a primary driver for USA’s successful management of interdependent divisions, while still maintaining a high level of management autonomy between the groups. “The flexibility of Voyager’s configuration and integration will ultimately allow for essential corporate transparency, sharing information without redundant entry, and a reduction in USA’s IT workload and infrastructure,” said Terri Dowen, Sr. Vice President of Sales for Yardi Systems.
Karen McCurdy, Senior Vice President of USA Properties Fund, agrees. “We realized we had outgrown our current system and we were ready for the next level,” said McCurdy. “Yardi’s fully integrated, ASP-hosted system will bring a level of confidence, convenience and greater clarity and precision to our operations not currently possible,” she continued. “And, with the encouragement of both our stakeholders and affiliates who are already Yardi users, we feel that moving to the Voyager platform is absolutely the right decision for the company.”
With an aggressive implementation plan spanning 50 properties and approximately 160 users over the next year, USA Properties Fund has enlisted the help of the Yardi Professional Services Group to assist with the portfolio-wide roll out. “We’re very impressed with USA Properties’ approach to their aggressive implementation of this sophisticated system,” said Fritz Schindelbeck, Vice President of Yardi Professional Services. “Executive sponsorship, planning, project management and training are key elements in a successful implementation and make all the difference,” he continued. “USA Properties is fortunate to have dedicated, visionary leaders to lead them through a process which will transform their business.”
About USA Properties
USA Properties Fund is a privately owned real estate development organization specializing in the creation of outstanding communities. Headquartered in Roseville, California, USA provides a full range of capabilities for community development. These capabilities include financing, construction services, rehabilitation, and property management. Their subsidiary, USA Multifamily Management, provides long-term, high-quality professional property management services to the communities they develop. USA also serves as general contractor on all its own developments. Founded in 1981, USA Properties has actively developed thousands of units of family and senior apartment communities throughout California and Nevada. USA Properties takes pride in creating inviting communities that are well known for their quality of construction, appealing design, and outstanding amenities. For more information, please visit www.usapropfund.com.
About Yardi
Yardi Systems is the global leader in the design, development, and support of integrated Asset and Property Management software for organizations of all sizes. For more than 25 years, Yardi’s technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Yardi’s 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.
Headquartered in Santa Barbara, California, Yardi Systems has 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