{"id":16498,"date":"2016-10-24T05:00:35","date_gmt":"2016-10-24T12:00:35","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=16498"},"modified":"2026-02-22T15:32:15","modified_gmt":"2026-02-22T23:32:15","slug":"truth-in-numbers","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/truth-in-numbers\/","title":{"rendered":"Truth in Numbers"},"content":{"rendered":"

Thanks to detailed accounting options and superior customer support, Sentio Healthcare Properties continues to expand its use of Yardi Voyager<\/a> across its property portfolio.<\/em><\/p>\n

As a REIT specializing in senior living, Sentio Healthcare Properties oversees a diverse portfolio ranging from medical office buildings to senior housing, including independent living, assisted living and memory care facilities. At the company\u2019s Orlando headquarters, about 20 employees work with third party operators at 34 properties located in 16 states.\"done-dsc_0363city\"<\/p>\n

\u201cREITS are not the easiest structure to understand,\u201d admits Julia Avallone, Manager of Property Level Accounting and Asset Management (CPA) at Sentio Healthcare Properties. \u201cI\u2019ve been at Sentio nearly three years, and I\u2019m still wrapping my brain around all the accounting complexities. That being said, I think it\u2019s rare to find an accounting role where you feel that you are making a positive contribution to somebody\u2019s \u00a0life. I feel that my role at Sentio is mission driven and contributes, albeit in a small way, to the quality of life the residents in our facilities enjoy.\u201d<\/p>\n

Making the Switch to Senior Living<\/strong><\/p>\n

Avallone began her career in public accounting mainly for real estate clients. Eventually, Avallone decided to transition into another industry, and one of her managers recommended Sentio.<\/p>\n

\u201cMy husband was also in public accounting, and it was too much to both work in the (same) industry,\u201d explains Avallone. \u201cI was looking for a change, and one of my managers knew the controller at Sentio. It was a good fit.\u201d<\/p>\n

Avallone used to handle accounting for approximately half of Sentio\u2019s portfolio, but is in the process of transitioning to an asset management role. Because Sentio\u2019s properties are located in a variety of different markets, each community comes with its own advantages and challenges.<\/p>\n

For example, Texas recently moved to a managed care system where managed care organizations can contract with any provider they choose. This has led to increased competition in that market. In Yardi, we can closely manage our expenses in real time, which is necessary to remain competitive.\u201d<\/p>\n

One Platform Portfolio<\/strong><\/p>\n

Sentio primarily operates through management agreements with third-party operators hired to run the day-to-day operations of a facility. As part of most of the company\u2019s management agreements, Sentio gets to select the accounting software that will be implemented.<\/p>\n

\u201cThey must maintain their accounting in a system of our choosing, which is Yardi<\/a>,\u201d says Avallone. \u201cOur corporate accounting and reporting function begins and ends with Yardi. We rely on Yardi for accuracy for our SEC filings and so far, Yardi has not let us down.\u201d<\/p>\n

One benefit of a unified platform involves easy accessibility to data and the ability to drill down into specifics.<\/p>\n

\u201cI really like the Voyager search functions,\u201d says Avallone. \u201cNine times out of ten, when I have an operator that sends me a report that doesn\u2019t reconcile, I can easily [find the error] after the fact.\u201d<\/p>\n

Detailed reports also help Avallone and her team keep a close eye on the company\u2019s bottom line.<\/p>\n

\u201cWe have expenses like depreciation, amortization and intercompany expenses that are excluded from what banks require for compliance purposes,\u201d she explains. \u201cWith Yardi, we can export a report to Excel and make adjustments as necessary. It\u2019s a great example of how the Yardi standard income statement in Voyager<\/a> can easily be adjusted for what we need for our banking purposes.\u201d<\/p>\n

Future Implementation<\/strong><\/p>\n

Avallone looks forward to building upon Voyager with additional Yardi products.<\/p>\n

\u201cI personally would love to get PAYscan,\u201d she says. \u201cIf we decide to implement it, we\u2019ll have to train all our operators. With Yardi eLearning as a resource, we can direct them to training instead of having them come to us.\u201d<\/p>\n

Avallone often finds herself recommending Yardi to colleagues and business associates.<\/p>\n

\u201cI had a friend from commercial real estate ask me my opinion on who they should choose, and I very quickly recommended Yardi,\u201d says Avallone.<\/p>\n

\u201cI really love the level of support we get,\u201d she adds. \u201cWe got very lucky with our customer service reps. They have been wonderful to learn from.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Sentio Healthcare Properties continues to expand its use of Yardi Voyager across its property portfolio.<\/p>\n","protected":false},"author":103,"featured_media":16634,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,2952,3354],"tags":[402,328,27,842,2010,868,76,694,40,165,116],"class_list":["post-16498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people","category-senior-living","category-team-yardi","tag-accounting","tag-property-management-software","tag-senior-housing","tag-senior-living","tag-senior-living-success","tag-seniors","tag-technology-2","tag-voyager","tag-yardi","tag-yardi-client","tag-yardi-client-profile"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"Sentio Healthcare Properties continues to expand its use of Yardi Voyager across its property portfolio.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Truth in Numbers\" \/>\n<meta property=\"og:description\" content=\"Sentio Healthcare Properties continues to expand its use of Yardi Voyager across its property portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/truth-in-numbers\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-24T12:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-22T23:32:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2016\/10\/julia2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"228\" \/>\n\t<meta property=\"og:image:height\" content=\"220\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cutright Elizabeth\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cutright Elizabeth\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/truth-in-numbers\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/truth-in-numbers\/\",\"name\":\"Truth in Numbers - 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