Goodman Group Gains Multiple Property Management and Accounting Benefits with Yardi Voyager

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SANTA BARBARA, CALIF., Dec. 29, 2009 – Yardi Systems announced today that Goodman Group, Australia’s largest industrial real estate investment trust with 32 international offices, has successfully implemented Yardi Voyager™ in its Sydney Head Office.

Goodman’s use of Yardi Voyager includes performing general ledger accounting, recording transactions in multiple currencies, tracking data on leases and occupancy, and consolidating Group ledgers.

“We were looking for a property management and general ledger solution that could handle our multicurrency and multilingual needs. Yardi Voyager was chosen since it was the best fit for our business needs,” said Ritesh Deshpande, Goodman’s head of Applications. “As a Web-based solution, Voyager gives us the global reach, scalability and visibility that are essential to managing our diverse and international business.”

He added, “We were able to implement Voyager in a very short timeframe. The business-driven project implementation approach was the primary reason for a successful completion of this project. We had strong buy-in from all departments within the business, including Finance, Marketing and Property Management, and a skilled implementation team from Yardi meant that we were able to complete the job quickly. Furthermore, the onsite Australian Yardi team was very accommodating to our business needs, collaborating closely with us to identify and quickly resolve issues and helping us stay on schedule with minimal disruption to our operations.”

“Voyager is a complete business solution whose scalability makes it fully capable of expanding along with Goodman’s global needs. We are pleased that Goodman has selected Yardi as a technology partner to support its very high standards and integrity of service to its investors,” said Terri Dowen, Yardi senior vice president of Sales.

About Goodman Group

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe and the United Kingdom. Goodman Group, comprising the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally. It has A$ 18.5 billion ($US 15 billion) of assets under management.

Goodman’s global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors. For more information, please visit www.goodman.com.

About Yardi

Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. 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

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