EastGroup Properties Gains Integrated Portfolio Management Solution with Yardi Voyager Software


SANTA BARBARA, CALIF., Oct. 08, 2009 – Yardi Systems, a leading developer of real estate investment and property management software, announced today that real estate investment trust EastGroup Properties, Inc., has selected Yardi Voyager™ to increase efficiency in managing an industrial portfolio of approximately 27.7 million square feet.

Yardi Voyager integrates all of the company’s property management, accounting, budgeting, business intelligence, and construction management into one centralized platform, allowing real-time access and full drill-down. As a Web-based solution, Yardi Voyager is accessible to users at any EastGroup location.

“By integrating everything into one platform, Yardi Voyager will help us manage all facets of our business much more efficiently than was previously possible,” said Brian Laird, EastGroup’s vice president of Information Technology. “The consolidation of multiple processes and systems into one Web-based platform will be a time-saver for us.”

“Voyager is an enterprise real estate business solution that will produce significant time and cost savings for EastGroup while offering the opportunity to add high-value products that leverage the data integrity, workflow, and automation of the core system. This combination of capabilities is only available through a fully integrated, centralized system,” said Terri Dowen, Yardi senior vice president of Sales.

About EastGroup
EastGroup Properties, Inc., headquartered in Jackson, Miss., is a self-administered equity real estate investment trust focused on the acquisition, development and operation of industrial properties in major Sunbelt markets throughout the United States with a special emphasis in the states of California, Florida, Texas and Arizona. The company’s strategy for growth is based on property portfolio orientation toward premier distribution facilities located near major transportation centers. EastGroup’s portfolio currently includes 27.7 million square feet. For more information, visit www.eastgroup.net.

About Yardi
For more than 25 years, Yardi Systems has been solely committed to the design, development, and support of real estate investment management and property management software. Recognized as an industry leader, Yardi continues to develop and deliver software and services with the highest dedication to responsiveness, quality, innovation, and customer focus. Yardi Systems has offices throughout Asia, Australia, Europe and North America. 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