SANTA BARBARA, CALIF., Sept. 3, 2009 – Yardi Systems, a leading developer of real estate investment and property management software, announced today that commercial real estate investment and management firm AEGON USA Realty Advisors, Inc. has selected Yardi Voyager™ and Yardi Investment Management™ to facilitate timely decision-making and ensure compliance with financial reporting standards.
Prior to implementing Yardi Voyager, AEGON Realty, whose $1 billion portfolio includes 56 commercial properties, 28 condominiums and 10 corporate facilities, maintained separate accounting and property management databases. “Our managers spent too much time manually importing and combining data instead of managing assets and generating value, and they were often working from old information,” said David Feltman, AEGON Realty executive vice president of Real Estate. “By centralizing the information, Voyager gives managers real-time access to all portfolio information, allowing them to focus on their core functions and make timely, better-informed business decisions.”
AEGON Realty will rely on Yardi Investment Management to facilitate its compliance with International Financial Reporting Standards. The software enforces accurate reporting by automatically combining all phases of financial reporting and eliminating the manual steps required to make accounting entries in multiple sets of books.
“Yardi Voyager and Yardi Investment Management help AEGON Realty meet competitive and regulatory demands across its international portfolio. AEGON Realty receives timely, accurate information it needs to seize business opportunities and comprehensive reports that leave a complete audit trail,” said Terri Dowen, Yardi senior vice president of Sales.
About AEGON USA Realty Advisors, Inc.
AEGON USA Realty Advisors, Inc., based in Cedar Rapids, Iowa, the commercial real estate investment and management arm of the AEGON companies, has been providing real estate investment services for over 25 years. Properties owned by the AEGON companies include the Transamerica Pyramid office building in San Francisco. The companies are affiliated with The Netherlands-based AEGON N.V., one of the largest life insurance and pension organizations in the United States with over $100 billion in assets under management. For more information, visit www.aegonrealty.com.
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