Full asset lifecycle monitoring across more than 230 properties will be easier and more accurate
SANTA BARBARA, Calif., Oct. 29, 2018 – Commercial real estate services provider Foundry Commercial LLC will gain financial oversight of its assets with Yardi® Fixed Assets. Foundry is a full-service real estate services and investment company and the largest real estate service provider to religious and not-for-profit organizations in the United States.
Yardi Fixed Assets will allow Foundry to monitor the location and depreciation status of land, buildings, machinery, equipment and other assets. The solution fully integrates with Foundry’s Yardi Voyager® property management and accounting platform.
“Meeting our depreciation, audit and tax compliance obligations requires knowing what’s happening with assets spread over the more than 230 properties that we manage,” said Mary Beth Paris, controller for Foundry. “Yardi Fixed Assets will provide analytics and reports with a degree of detail and data integrity that we didn’t previously have.”
“Foundry has already streamlined several property management processes over the past five years with Yardi Voyager and Yardi® Advanced Budgeting & Forecasting. With Yardi Fixed Assets, the company extends the benefits of automation and single-platform efficiency to the critically important asset management aspect of its business,” said Terri Dowen, senior vice president of sales for Yardi.
Download a brochure to learn how you can gain complete physical and financial control over fixed assets with a solution that accommodates any depreciation method and offers comprehensive, real-time reporting.
About Foundry Commercial LLC
Foundry Commercial LLC is a full-service real estate services and investment company with more than 300 employees and more than 50 million square feet of management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to complete more than $400 million in acquisitions and $600 million in development opportunities since 2014. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2015 through a management-led buyout. For more information, visit foundrycommercial.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.