Real estate advisor’s investors and tenants will benefit from single connected platform
SANTA BARBARA, Calif., Nov. 20, 2017 – Real estate firm DRA Advisors LLC will use products from the Yardi® Commercial Suite and the Yardi® Investment Suite to gain visibility from lease to property to fund to investor while streamlining information-sharing with investors and tenants.
The New York City-based real estate investment advisor, manager and general partner will first implement Yardi Voyager® as the property management and accounting platform for the retail assets of Inland Real Estate Corporation, which DRA acquired.
With Yardi® Investment Management, DRA will realize a single connected solution that will automate much of its investment management lifecycle.
Yardi Orion® Business Intelligence and Yardi® InvestorPlus will give DRA’s asset managers and portfolio managers enhanced business-wide insight along with real-time tracking and aggregation of investor and investment information.
DRA’s tenants will have the convenience of submitting payments, sales information and other information online with COMMERCIALCafe™. Another product, Yardi® Advanced Budgeting & Forecasting, will significantly streamline DRA’s property budgeting and forecasting.
“Yardi provides a uniform platform capable of handling all investment types as well as our corporate investment accounting. The integrated system’s dashboards and other visualization tools will help us focus on both the forest and the trees in our efforts to satisfy investors. Timely, accurate common area maintenance reconciliations and online tenant services will allow us to manage our properties more efficiently,” said Stephen Suriano, director of information technology for DRA.
“Real-time access to investment, customer relationship management and property information will help DRA control its dynamic investment and property management environments. Due diligence execution, comprehensive reporting and scalability are additional benefits unique to the integrated Yardi platform,” said Robert Teel, senior vice president of global solutions for Yardi.
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About DRA Advisors LLC
DRA Advisors LLC, founded in 1986 and based in New York City with regional offices in San Francisco and Miami, is an investment advisor specializing in real estate investment and management services for institutional and private investors. DRA has over $10 billion in assets under management. DRA’s focus has been consistent: conservative, value-added real estate investments in the office, retail, multifamily and industrial sectors in the United States. DRA’s acquisitions since inception include 1,300 properties valued at over $26 billion. For more information, visit draadvisors.com.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.