Premier Alternative Asset Manager Selects the Yardi Investment Suite

Procaccianti Companies, one of the largest private real
estate investment and services firms in the U.S., chose Yardi for its robust
investment software solution

SANTA BARBARA, Calif., June 6, 2019 –Rhode
Island-based Procaccianti Companies has deployed Yardi® Investment Management to perform its investment
management, accounting and reporting operations.

“Our
highly diversified and vertically integrated organization has experienced
tremendous growth in recent decades. We needed a sophisticated accounting and
reporting platform that could keep pace with our trajectory and client demands,”
stated Robert Murray, executive vice president of finance for Procaccianti
Companies. “The Yardi Investment Suite combines robust and agile reporting
capabilities with scalability. It presented an opportunity to add value for our
investment and management partners.”

Previously,
Procaccianti Companies managed internal and investor financial reporting with
multiple spreadsheet and document programs which proved to be extremely time-
and labor-intensive. Murray continued, “Through its single user interface, the
Yardi Investment Suite promises to deliver the accuracy, speed, and efficiency needed
to meet our business demands.”

Procaccianti
Companies also plans to implement Yardi® InvestorPlus, which tracks and aggregates investor and investment
information in real time, and Yardi®
Advanced Budgeting & Forecasting, which enables accurate budgeting with
forecasts drawn from lease data.

“We
are excited to help Procaccianti Companies attain a higher degree of efficiency that
benefits its staff and investors. We expect the Yardi Investment Suite will
help the firm realize added benefits across all of its private and public
investment vehicles,” said Terri Dowen, senior vice president of sales for
Yardi.

Join a
webinar to learn more about how Yardi Investment Management helps drive
investor value or read about
client success with Yardi Investment Suite solutions.

About
Procaccianti Companies

Procaccianti
Companies is one of the largest and most respected privately-held real estate
investment and services firms in the United States. Founded in 1958, the firm’s
successful track record spans over six decades and experience that includes
thousands of real estate transactions representing more than $10 billion of
diversified investments. The firm is a vertically integrated alternative asset
manager with a broad national platform having owned, developed, managed or
financed investment real estate in more than 160 cities across 31 states coast
to coast. For more information, visit procaccianti.com.

About Yardi

Yardi®
develops and supports industry-leading investment and property management
software for all types and sizes of real estate companies. Established in 1984,
Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more
information on how Yardi is Energized for Tomorrow, visit yardi.com.