{"id":277404,"date":"2019-05-24T07:43:46","date_gmt":"2019-05-24T14:43:46","guid":{"rendered":"https:\/\/www2.yardi.com\/?post_type=yardi-testimonials&#038;p=277404"},"modified":"2020-12-23T04:22:52","modified_gmt":"2020-12-23T11:22:52","slug":"pillar-properties-on-elevate","status":"publish","type":"yardi-testimonials","link":"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/pillar-properties-on-elevate\/","title":{"rendered":"Pillar Properties on Elevate"},"content":{"rendered":"<div class=\"uk-container-expand uk-cover-container uk-height-medium uk-background-secondary uk-light uk-margin uk-flex uk-flex-center uk-flex-middle\">\n    <div class=\"uk-position-cover uk-background-image uk-background-cover uk-flex uk-flex-center uk-flex-middle\" style=\"background-image:url(https:\/\/www.yardi.com\/wp-content\/plugins\/cmw-client-success\/public\/images\/generic\/6.jpg);\">\n    <div class=\"uk-width-4-5 uk-margin-auto uk-grid\">\n        <div class=\"uk-width-1-1 uk-width-auto@m uk-text-center uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small\" style=\"border:4px solid #fff;\">\n            <p class=\"uk-h2 uk-text-bold\">Client Success<\/p>\n        <\/div>\n        <div class=\"uk-width-expand uk-text-left uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small uk-visible@m\" style=\"border:4px solid #fff; border-left:0px; min-width: 200px;\">\n            <p class=\"uk-h2 uk-text-bold\">Pillar Properties<\/p>\n        <\/div>\n        <div class=\"uk-width-expand uk-text-left uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small uk-hidden@m\" style=\"border:4px solid #fff; border-top:0px; min-width: 200px;\">\n            <p class=\"uk-h3 uk-text-bold\">Pillar Properties<\/p>\n        <\/div>\n    <\/div>\n    <\/div>\n<\/div>\n<div class=\"uk-container-large uk-margin-auto uk-padding-small uk-padding-remove@m\">\n<!-- breadcrumbs & download link -->\n        <div class=\"uk-align-left\">\n        <p class=\"uk-text-small\" id=\"breadcrumbs\"><span><a href=\"https:\/\/www.yardi.com\/\">Home<\/a> \u00bb <span>\n            <a href=\"https:\/\/www.yardi.com\/about-us\/success-stories\/\">Success Stories<\/a> \u00bb \n            <span class=\"breadcrumb_last\" aria-current=\"page\">Pillar Properties on Elevate<\/span><\/span><\/span><\/p>\n        <\/div>\n        <div class=\"uk-text-right\">\n            <p class=\"uk-text-small\" ><a href=\"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/pillar-properties-on-elevate\/?format=pdf\" target=\"_blank\" class=\"uk-link-text\">view\/download the pdf<\/a><\/p>\n        <\/div>\n<\/div>\n<div class=\"uk-clearfix\"> <\/div>\n\n<div class=\"uk-container-expand\">\n    <div class=\"uk-grid uk-grid-collapse uk-overflow-hidden\" uk-grid uk-height-match>\n        <div class=\"cmw-hm uk-width-2-3@m\">\n            <div class=\"uk-padding-large uk-padding-remove-vertical\">\n                <div uk-slider=\"center: true\">\n                    <div class=\"uk-position-relative uk-visible-toggle\" tabindex=\"-1\">\n                        <ul class=\"uk-slider-items uk-padding-horizontal uk-child-width-2-3@s uk-grid\">\n                                                                                    <li>\n                                <div class=\"\">\n                                    <blockquote>\n                                        <p class=\"uk-margin-small-bottom\">Asset IQ empowers Pillar Properties to take a forward-thinking approach. There\u2019s more competition now than ever, and using a tool that enables us to be more proactive is something we will benefit from moving forward.<\/p>\n                                        <footer class=\"uk-text-right\">Billy Pettit, President<\/footer>\n                                    <\/blockquote>\n                                <\/div>\n                            <\/li>\n                                                        <li>\n                                <div class=\"\">\n                                    <blockquote>\n                                        <p class=\"uk-margin-small-bottom\">With Asset IQ, we finally have a tool that incorporates all of our property and leasing data with historical traffic and RENTmaximizer pricing data. The system marries all that information together beautifully.<\/p>\n                                        <footer class=\"uk-text-right\">Diana Norbury, Senior Vice President of Multifamily Operations<\/footer>\n                                    <\/blockquote>\n                                <\/div>\n                            <\/li>\n                                                                                <\/ul>\n                        <a class=\"uk-position-center-left uk-position-small uk-hidden-hover\" href=\"#\" uk-slidenav-previous uk-slider-item=\"previous\"><\/a>\n                        <a class=\"uk-position-center-right uk-position-small uk-hidden-hover\" href=\"#\" uk-slidenav-next uk-slider-item=\"next\"><\/a>\n                    <\/div>\n                    <ul class=\"uk-slider-nav uk-dotnav uk-flex-center uk-margin\"><\/ul>\n                <\/div>\n            <\/div>\n            <div class=\"uk-padding-large uk-padding-remove-vertical\">\n                <div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Company<\/h3>\n<p class=\"uk-margin-remove\">Based in Seattle, Pillar Properties is an award-winning developer, owner and manager of luxury apartment residences in the Puget Sound area and a developer of senior living communities through sister company Merrill Gardens. The company focuses on customer service with the goal of delivering a \u201cquietly awesome\u201d experience at every level of engagement.<br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Challenge<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Multiple Sources<\/p>\n<p class=\"uk-margin-remove\">Using various tools to aggregate portfolio- and asset-level data was a challenge for Pillar. The executive team could access the performance metrics needed for analysis and reporting, but it didn&#8217;t happen quickly or easily. Multiple reports in various locations had to be assembled to get a holistic portfolio view and determine how to take action.<br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Solution<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Yardi Elevate<\/p>\n<p class=\"uk-margin-remove\">Asset IQ headlines the Yardi Elevate suite for multifamily and draws from analytical insights on big data in providing predictive analytics and prescriptive actions to drive optimal performance from each asset in a suite designed specifically for CEOs, COOs, asset managers and other operational executives. By leveraging big data and coordinating actions across Yardi solutions like RENTmaximizer, Yardi Matrix and the RentCafe suite, which enables just-in-time marketing recommendations, Asset IQ delivers unprecedented portfolio visibility to drive higher revenue, manage costs and balance risk.<br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Story<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\"><strong>Data to Drive Performance<\/strong><\/p>\n<p class=\"uk-margin-remove\">Yardi Elevate Asset IQ brings together historic unit-level performance data with market outlooks and deep business intelligence measures. Billy Pettit, president of Pillar Properties, said that being able to see detailed information and metrics for the company\u2019s entire portfolio, all in one place, is exactly what he had been waiting for. With greater insight, Pettit and his team have everything they need to make smart business decisions with minimized risk.<br><br>Asset IQ includes tools to help Pillar executives benchmark operating income and expenses against the competition, as well as reduce costs with prescriptive recommendations and just-in-time marketing.\u00a0<br><br>Diana Norbury, senior vice president of multifamily operations for Pillar, is thrilled to have the data she needs aggregated daily and clearly presented on her Asset IQ dashboard \u2014 eliminating the need for spreadsheets. She can quickly get a definitive measure of property health along with all the drilldown details. For her marketing needs, she can view leasing activity and goals for each property. <br><br>Asset IQ also pulls in and uses revenue management and rental pricing data from RENTmaximizer to allow Norbury to quickly review pricing and leasing data and identify trends. With that information, Norbury can make educated decisions on the best course of action<br><br><strong>Prescriptive Analytics<\/strong>\u00a0<br>By accessing predictive performance insights across its portfolio and acting on recommendations \u2014 including machine learning-recommended actions \u2014 Pillar can be confident about unit pricing that increases revenue without sacrificing occupancy. <br><br>\u201cAsset IQ pulls in all the data that we used to hunt for manually between systems. Now all the portfolio and property performance information is in one place and I quickly get a clear picture. The Yardi Elevate suite enables us to make decisions much faster, speak on issues with confidence and identify problems with more ease,\u201d Norbury said.<br><br>Accessing the deep market data of Yardi Matrix through Asset IQ, Pillar gets benchmarking data to better understand comps and achieve a clearer picture of current and imminent market conditions. Pillar recently used this benchmarking data to &#8220;paint a picture&#8221; for one of its investors of suggested rent drops to gain occupancy growth. Yardi Elevate provided the data needed to back up the presentation. \u201cWe were still ahead of the market and Elevate provided the data to demonstrate trends over the last two years along with what was presently occurring,\u201d Norbury explained.<br><br>Not only are Pettit, Norbury and the rest of Pillar\u2019s executive team aided by Yardi Elevate to ask the right questions and gain insights to drive decision making, but on-site team members also get valuable information that helps improve community performance.\u00a0<br><br><strong>Ease of Use and Versatility<\/strong>\u00a0<br>Asset IQ\u2019s one-click filters give Pettit the information he wants faster, and he doesn\u2019t need to run as many reports as he used to. Norbury uses Asset IQ to quickly assess current property performance as well as review benchmarking and trends to predict performance over the years ahead. <br><br>\u201cI can find information fast without having to dig around. Asset IQ also helps us format and present our data, which we can export via widgets into Excel or PDF \u2014 I think that\u2019s really cool,\u201d Norbury said.<br><br>The marketing data aggregated by Asset IQ has replaced the spreadsheets the company previously used to track leasing goals. Using date filters, Pillar can look at future unit availability in 30, 60 or 90-day periods, review exposure by floor plan, and proactively drive incentives for the appropriate floor plans at the right time.\u00a0<br><br>And with mobile access, the Yardi Elevate suite keeps the team connected no matter where the day takes them. When Pettit is working outside of the office or has an impromptu meeting, he now uses a tablet. \u201cI\u2019ve pulled data from Elevate up on my tablet in meetings with Pillar\u2019s advisory board and executive team. It has a wealth of information on a very manageable platform, and enables fast access to critical data,\u201d Pettit said.<br><\/p>\n<\/div>            <\/div>\n            <div><\/div>\n\n\n        <\/div>\n        <div class=\"cmw-hm-target uk-width-1-3@m uk-flex-first@m\" >\n\n                        <div class=\"uk-display-block uk-width-1-1 uk-padding-small uk-margin-remove\">\n                <div class=\"uk-width-2-3@l uk-align-right\">\n                    <img loading=\"lazy\" decoding=\"async\" class=\"\" width=\"266\" height=\"151\" src=\"https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2019\/05\/Pillar_Identity-Logo_sml.jpg\" alt=\"Pillar Properties logo\" src=\"https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2019\/05\/Pillar_Identity-Logo_sml.jpg\" data-src=\"https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2019\/05\/Pillar_Identity-Logo_sml.jpg\">\n                <\/div>\n                <div class=\"uk-clearfix\"> <\/div>\n\n            <\/div>\n            <div class=\"uk-clearfix\"> <\/div>\n            \n            <div class=\"uk-display-block uk-width-1-1 uk-padding-remove uk-height-1-1 uk-margin-remove uk-cover-container\">\n                <div class=\"uk-position-cover uk-background-image uk-background-repeat\" style=\"background-image:url(https:\/\/www.yardi.com\/wp-content\/plugins\/cmw-client-success\/public\/images\/plus_dark_tileable.png);\"><\/div>\n                <div class=\"uk-position-relative uk-margin-left\">\n                    <div class=\"sidebar-inner uk-width-2-3@l uk-float-right uk-margin-small-right\">\n                        <p class=\"uk-text-muted uk-margin\">Overview<\/p>\n\n                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Markets<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                                    <li>Multifamily<\/li>\n                                                                                            <\/ul>\n                        <\/div>\n                                                    <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">Portfolio<\/p>\n                                <p class=\"uk-margin-remove\">1,662 multifamily units<\/p>\n                            <\/div>\n                                                                            <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">Client Since<\/p>\n                                <p class=\"uk-margin-remove\">2012<\/p>\n                            <\/div>\n                                                <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Product Highlighted<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                            <li><a href=\"\/products\/asset-intelligence\/\" target=\"_blank\" >Asset IQ<\/a><\/li>\n                                                            <li><\/li>\n                                                        <\/ul>\n                        <\/div>\n                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Additional Products<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                            <li><a href=\"\/products\/yardi-voyager-residential\/\" target=\"_blank\" >Voyager Residential<\/a><\/li>\n                                                            <li><a href=\"\/products\/residentshield-insurance\/\" target=\"_blank\" >ResidentShield Insurance<\/a><\/li>\n                                                            <li><a href=\"\/products\/resident-screening\/\" target=\"_blank\" >ScreeningWorks Pro<\/a><\/li>\n                                                            <li>Orion Business Intelligence<\/li>\n                                                        <\/ul>\n                        <\/div>\n                                                    <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">The Benefits<\/p>\n                                <p class=\"uk-margin-remove\">Pillar Properties uses Yardi Elevate to drive profitable portfolio performance with in-depth operational data, predictive insights and smart recommended actions.<\/p>\n                            <\/div>\n                                                                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">About Pillar Properties<\/p>\n                            \n                                <p class=\"uk-margin-remove\">pillarproperties.com<\/p>\n\n                                                    <\/div>\n                                                <div class=\"uk-margin\">\n                            <a class=\"uk-button uk-button-default\" href=\"\/about-us\/request-information\">Request Info<\/a>\n                        <\/div>\n       \n             \n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    \n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":6,"template":"","yardi-market":[1710],"yardi-product":[1404],"class_list":["post-277404","yardi-testimonials","type-yardi-testimonials","status-publish","hentry","yardi-market-multifamily","yardi-product-asset-iq"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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