Brookfield Residential Services, Ltd., Canada’s Largest Condominium Management Company, Selects Yardi Voyager™


SANTA BARBARA, CA, May 15, 2007, — Yardi Systems, the global leader in asset and property management software, is pleased to announce that Brookfield Residential Services, Ltd., Canada’s largest condominium management firm, has selected Yardi Voyager and Yardi Portal™ with Application Service Provider (ASP) Hosting Service. Brookfield manages more than 50,000 condominium units in the greater metropolitan Toronto area and is owned by Brookfield Properties Corporation, a publicly traded company on the New York and Toronto stock exchanges. Despite its size, Brookfield is known for focusing on the individual needs and objectives of each condominium it manages, and will provide enhanced services by utilizing Yardi’s browser-based system.

“Brookfield will maximize efficiency using the speed of the Internet,” explains Peter Altobelli, Vice President of Canadian Operations for Yardi Systems. “Yardi Voyager Condo, Co-op and HOA software integrates browser-based technology with centralized data, which will enable Brookfield staff, property owners and board members to retrieve information from anywhere, at any time.”

The Yardi system provides for administrative oversight from a central location, and data is dynamically encrypted to ensure security. Brookfield has an unwavering commitment to its clients and employees, as demonstrated by its plans to use Yardi Portal, a fully integrated Web-content management system for external and internal Web sites. The seamless integration of accounting and property management data with the company’s corporate Web site will enable real-time information exchange and the ability to provide highly sought-after services such as online fee payment, online maintenance requests and concierge services. In addition, Yardi Portal will significantly increase market exposure, as Brookfield’s dynamic Web presence will enable its managers to take greater advantage of the marketing, communication and transaction opportunities available via the Internet. And, by using Yardi ASP Hosting Service, Brookfield will benefit from the power and performance of state-of-the-art technology without having to maintain the IT infrastructure, support services or staff necessary to keep their system running at peak efficiency.

“We look forward to taking advantage of Yardi’s Web-based functionality,” says Tracy Gregory, Senior Vice President of Finance for Brookfield. “During the selection process, we were impressed with Yardi’s user-friendly, browser-based interface and how easily the system can be customized to meet our needs.”

With Yardi Voyager Condo, Co-op and HOA, Brookfield managers will benefit from rapid access to timely, accurate information pertaining to ownership, occupancy, billing, assessments, maintenance, legal issues and more, making it possible to administer more units with greater efficiency and lower overhead costs. Yardi’s customizable reporting system will allow managers to schedule round-the-clock report generation and distribute reports in a variety of online and print formats. By capitalizing on the power of advanced technology and Yardi’s premier condominium management solutions, Brookfield is poised for continued success in a competitive industry.

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 25 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.

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

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