Ensemble Real Estate Anticipates Faster Expense Recoveries with Yardi Voyager Software


SANTA BARBARA, CALIF., Nov. 10, 2009 – Yardi Systems, a leading developer of real estate investment and property management software, announced today that commercial real estate firm Ensemble Real Estate has selected Yardi Voyager™ as the property management and accounting platform for its 120 properties in four western U.S. states.

Yardi Voyager centralizes all of the company’s property management and accounting functions in one platform, allowing real-time access to information and eliminating data transfers with third-party systems. As a Web-based solution, Yardi Voyager is accessible to users at all of Ensemble’s locations.

A principal benefit that Ensemble will gain from the integration of financial and property information in Yardi Voyager is automated expense recovery calculation, the process by which the company collects estimated common area maintenance costs from tenants, then assesses a percentage of the actual costs to each tenant. “With Voyager, we no longer have to draw information from disparate sources. We expect to complete these calculations in half the time we currently need. Completing this process faster improves service to our tenants and gives us more time to focus on our core business,” said Sandra Paquin, Ensemble’s chief financial officer and associate partner.

She added, “Voyager’s integration of information will also expand Ensemble’s rent roll reporting and tracking functions. In addition, the enhanced analytical capacity available through Voyager will give us reliable information with which to make sound business decisions.”

“As the provider of Ensemble’s previous property management software, Yardi Enterprise™, we have had a longstanding, successful relationship with the company,” said Terri Dowen, Yardi senior vice president of Sales. “Voyager will serve as the core platform upon which Ensemble can add new capabilities, such as lease tracking and budgeting and forecasting.”

About Ensemble Real Estate
Ensemble Real Estate is a full-service healthcare real estate company providing asset management, development, property management, leasing and sales services. Ensemble’s 5.57 million-square-foot portfolio includes 120 properties in Arizona, Nevada, California and Washington. According to Kingsley and Associates, the nation’s leading third-party real estate survey firm, Ensemble tenants are 20% more satisfied than the national average. For more information, visit www.ensemble.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