Yardi Acquires RightSource Compliance

Minneapolis-based technology consultant and software developer focuses on affordable housing compliance

SANTA BARBARA, Calif., Jan. 7, 2020 – Yardi announced today the acquisition of RightSource Compliance, a Minneapolis-based software consultant and developer that improves the technology experience for affordable housing providers and provides standout compliance solutions.

RightSource
has developed a successful software solution to assist clients with meeting
complex federal and state affordable housing regulations. RightSource software serves
affordable housing providers in all 50 states, and in 2019, the company’s
software and services were used to help more than 10,000 families move quickly
into affordable housing.

“Through
our integrated services and technology, we’re able to provide site staff the
tools and outsourced compliance services needed to complete paperwork efficiently
and accurately, which allow families to move in faster and reduce the risks of
compliance errors, including late recertifications,” said Chris Voss, president
and founder of RightSource.

“We
started RightSource in 2007 with one simple goal: to reduce the costs and
complexity of compliance. Those dollars and time saved can be put right back
into the properties to improve resident services and quality of life,” Voss
said.

The
RightSource team of over 50 employees will continue to operate from their
existing offices based out of Minneapolis, Minn.

“We’re
pleased to welcome RightSource Compliance to the Yardi family,” said Gordon
Morrell, executive vice president for Yardi. “Affordable housing is an important
part of our clients’ portfolios and RightSource’s products, services and the
expertise of its staff will be a great enhancement to our affordable housing
product line.”

About RightSource
Compliance

RightSource is a technology firm committed to increasing the
availability and quality of affordable housing throughout the country by
reducing the costs and complexity of compliance. RightSource partners with
owners and operators of multifamily real estate to provide software,
consulting, training and technology-enabled compliance services for their
properties. Together, we help the homeless become housed faster and enable
property managers to focus on collecting rents, maintaining the property, and
providing resident services by taking away the burden of compliance. Find out more
at rightsourcecompliance.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.