Arm of New Orleans Housing Agency Back on Track with the Assistance of Yardi Systems

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SANTA BARBARA, CA, August 28, 2006 — Yardi Systems, the industry leader in asset and property management solutions, is pleased to announce the successful reestablishment of the property management system for the arm of the New Orleans, Louisiana housing agency, Christopher Homes.

Just days after Hurricane Katrina struck the Gulf Coast area a year ago, Yardi Systems announced free temporary data hosting for self-hosting customers in the Louisiana and Mississippi areas. This service allowed customers to migrate data and applications from their in-house servers to a Yardi hosting center, enabling them to resume business operations immediately through a high-speed Internet connection.

One of those customers was the Christopher Homes housing agency. Approximately 9 months after Hurricane Katrina, the housing agency of the Archdiocese of New Orleans, Christopher Homes, moved back into its original downtown offices with a fully operational property management system–Yardi Voyager™ with Application Service Provider (ASP) service.

“I just wanted to let you know that Christopher Homes moved back into the original downtown offices a couple of months ago, approximately 9 months after Hurricane Katrina,” says Allison Bourgeois, Computer Systems Manager, Christopher Homes Inc. “Since then, the company has been moving forward with a full conversion, set up, implementation and training of Yardi Voyager from our previous property management program. Jason Taylor, Evelyn Harris and Ryan Lantieri have been very helpful in their assistance and patience considering our aggressive time schedule for this all to take place. It was important that I personally let you know about our satisfaction with Yardi’s 90-day complimentary ASP hosting offer, and your representatives [getting] the company through a difficult period of transition.”

About Christopher Homes
Christopher Homes is the housing agency of the Archdiocese of New Orleans and was founded in 1966 with a mandate to provide affordable and decent housing in our community. Christopher Homes manages 25 complexes with over 2,650 apartments in the Greater New Orleans area with HUD rental assistance apartments for very low- to low-income residents. Rental assistance units are available to the elderly who are 62 and over, and to the handicapped in need of accessible units. Visit www.christopherhomesinc.org for more information.

About Yardi
Yardi Systems, Inc. is the global leader in the design, development, and support of integrated Asset and Property Management software for organizations of all sizes. For more than 22 years, our technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Our software is client-driven and serves more than 15,000 businesses, corporations, and government agencies, representing more than 5 billion square feet of commercial space and 5 million residential units globally.

Yardi enjoys a customer base that incorporates some of the world’s leading international companies, including Cushman & Wakefield, ProLogis, Colliers Turley Martin Tucker-Clayton, Deloitte, Sachsenfonds, and Mount Street Holdings.

Headquartered in Santa Barbara, California, Yardi Systems is a privately held corporation with offices throughout the United States, Canada, Europe, Asia, and Australia. More information about Yardi products and services may be found by visiting www.yardi.com.

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255