Posts by: Joel Nelson

Life Assurance

Ireland's Friends First

After 184 years in business, Irish life assurance company Friends First knows how to provide high-quality service and meet emerging business challenges. Established in 1834 to provide life assurance to the Society of Friends (Quakers), Friends First now offers a wide range of life protection, investment and pension products to more than 281,000 customers. It […]

News

Innovation Rules

Insight from ICSC Whistler

Technological shifts are revolutionizing business. Few other industries embody this reality more completely than the office and retail sectors, according to Heather Brady, national director of sales for Yardi Canada. Brady gave a presentation about how industrial, office and retail companies can use innovative technologies to improve decision-making at the recent International Council of Shopping […]

News

Disaster Recovery

Matrix Report on Multifamily

A new research bulletin from Yardi Matrix assesses the ongoing recovery of multifamily markets in U.S. areas hit hard by hurricanes, wildfires and other natural disasters in 2017. Three hurricanes inflicted about $110 billion in property damage and $300 billion of economic loss in Texas, Florida and Puerto Rico, the bulletin notes, with the affected […]

News

Accounting Standards

Yardi Meets New Requirements

Functionality in Yardi Voyager Commercial property management and accounting platform complies with upcoming new accounting standards for commercial property management set by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). Yardi Voyager supports FASB-required operating and finance leases and IASB-mandated finance leases. “Yardi fully understands the requirements set by FASB […]

Technology

Building Dimensions

Visual Leasing Technology

Leasing agents often have to be part lawyer, part CPA and part tour guide when handling such details as monitoring existing tenant lease options, notifications and expiration dates, tracking prospective tenants, crafting letters of intent and arranging showings. Customer relationship management technology that manages these operations has come a long way over the past few […]

People

Investment Insight

From Rob Teel of Yardi

Investment capital isn’t in short supply—plenty is available from China, Europe, the U.S. and other sources. So why are real estate investors working harder, yet finding fewer high-return opportunities? One dampening factor is increased investor choosiness arising from due diligence activities that increased starting in 2009, when a low market virtually guaranteed returns and asset […]

News

Merging Traffic

Real Estate Asset Performance

In September 2016, real estate became the 11th Global Industry Classification Standard sector. Morgan Stanley Capital International Inc. and S&P Dow Jones Indices, which maintain the standardized classification system for equities, described the action as reflecting the “growing importance of real estate in the world’s equity markets” and “the position of real estate as a […]

Coworking, News

Coworking Trends

Yardi Matrix Insight

Yardi Matrix has completed the first report that quantifies the amount of office space dedicated to coworking in office buildings with 50,000 square feet or more in 20 large U.S. markets. “Coworking represents a small yet growing segment of the office market,” the report says, noting that that 20 markets contain more than 1,100 coworking […]

News

Looking Up

Multifamily Market Predictions

What does a largely stagnant year for the multifamily industry in 2017 imply for this year? How will economic, tax policy, demographic, capital market and supply factors impact the segment? These and other issues comprise the content of “Sustainable Pace?”, a new market analysis compiled by Yardi Matrix. The Yardi Matrix research team’s study suggests […]

Technology

Digital Definition

Transformative CRE Tech

What does “digital transformation” mean to commercial property management beyond a catchphrase? Six thought leaders including Alex Stanton, Yardi’s commercial industry principal, provided clarity on the subject in a recent Realcomm-hosted webinar. Digital transformation extends technology beyond acquiring and managing property. It’s driven by business factors such as profitability, occupant satisfaction and productivity along with […]

News

BOMA W2 Challenge

Water + Waste Reduction Effort

A grant from Yardi is helping owners and managers of hundreds of properties improve water and waste management practices in a Water and Waste Challenge program sponsored by the Building Owners and Managers Association International. The W2 Challenge is a two-year initiative designed to benchmark water and waste consumption and associated costs, and then develop […]

People

One Year On

Wesgroup Properties Uses Yardi

“We wanted innovation and efficiency,” Sandeep Manak, chief financial officer for Wesgroup Properties LP, said in November 2016, when his company announced its adoption of products from the Yardi Commercial Suite. “We wanted a platform that integrated various departments so they could work more collaboratively.” Other priorities included lower operational costs, more accurate budgeting and […]

News

Focus on Asia

New Real Estate Tech Era

Reliance on spreadsheets and manual processes in Asia will likely fade as investors and technology providers lay the groundwork for sweeping modernization, according to a recent survey of technology adoption in the region’s real estate industry. Yardi sponsored the survey and subsequent report on current and anticipated technology applications by real estate investment firms, developers […]

News

Managing Disruption

Insights from Yardi Canada

The spotlight shone on Yardi Canada for much of late November and early December at major industry events in Toronto. The company was the closing roundtable sponsor at the Global Property Market Real Estate Forum and sponsored the Toronto Real Estate Forum’s keynote session. Yardi Canada was also the top-level Title Sponsor and staffed a […]

News

Green Lease Leaders

Energy Best Practices

Commercial building owners, tenants and brokers need the right tools to incorporate energy efficiency into leases. A program called Green Lease Leaders stands ready to provide them. Green Lease Leaders helps real estate practitioners create leases that promote collaboration on investments such as high-efficiency rooftop air handling units, lighting retrofits, water irrigation upgrades and solar […]

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