SANTA BARBARA, CALIF., Feb. 28, 2011 – Yardi announced that affordable housing manager Prairie Management & Development Inc. has adopted Yardi Voyager™ as its property management, accounting and affordable housing compliance platform.
Prairie recently began outgrowing the property management software it used to manage its HUD, Tax Credit and conventional properties. The company subsequently undertook an initiative to seek a new solution that could easily accommodate portfolio growth and enable new resident services such as online rent payments and access to ledgers and statements.
“We reviewed available software solutions for affordable housing, conventional and tax credit properties. Voyager’s single database and drilldown capabilities and the online resident services through Yardi Portal™ clearly provided the best solution for us,” said Paul Von Borstel, chief financial officer for Prairie.
Yardi Cloud Services™ will provide hosting services to Prairie. With Yardi Cloud Services, Yardi serves and maintains the Voyager application and database for Prairie from its data center. By providing this service, Yardi assumes responsibility for all application updates, network security, hardware, bandwidth and infrastructure, allowing Prairie to focus on its principal business.
“We look forward to helping Prairie gain a competitive advantage and meet their business plan with their new platform. We will work with them to complete a timely implementation that will let them quickly reap the operational benefits and cost controls that Voyager offers,” said Mark Livanec, vice president of affordable housing and PHA sales for Yardi.
About Prairie Management & Development Inc.
Chicago-based Prairie manages approximately 4,500 conventional, HUD and Tax Credit units and approximately 750,000 square feet of commercial property.
Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™ and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255