SANTA BARBARA, CALIF., Jan. 8, 2009 – Yardi Systems, a leader in developing real estate software for investment, asset and property management, announced today that Dallas-based Milestone Management LP, one of the largest privately owned residential property management and investment companies in the U.S., has selected Yardi Voyager™ to manage its multifamily communities across the country.
The Yardi Voyager Residential Property and Financial Management suite will deliver operational efficiencies by integrating several of Milestone Management’s core business operations, including resident management, inventory management, accounts receivable, budgeting and forecasting, business intelligence and applicant screening, into a single-point-of-entry, centralized data model.
“Yardi Voyager is a scalable solution that delivers a complete picture of our portfolio. As such, we anticipate it will help us meet our growth and profitability goals and promote risk management through better-informed decision-making, faster access to information on market conditions, and elimination of data entry duplication,” said Jeffrey L. Sherman, Milestone Management’s Vice President of Information Technology.
He added, “Our selection process narrowed the finalists to Yardi and one other provider. When it came to making the final decision, Yardi’s flexibility in the implementation process and their commitment to delivering value through a long-term relationship with us tipped the scales in their favor.”
“We will give Milestone Management the high-quality property management solutions that tens of thousands of clients around the world have received from Yardi over a quarter-century,” said Terri Dowen, Yardi Senior Vice President of Sales. “We are delighted to now have the opportunity to match our proven solutions to Milestone Management’s requirements.”
About Milestone Management LP
Milestone Management, based in Dallas, Texas, is one of the U.S.’s largest privately owned multifamily property management firms, providing management services to approximately 100 apartment communities consisting of more than 34,000 apartment homes throughout the United States. The firm performs leasing, marketing, accounting, disposition, legal and financial analysis services. The company also focuses on asset value enhancement through capital improvements and strategic repositioning programs. Milestone Management is the residential management arm of national real estate investment firm The Milestone Group. More information about Milestone Management is available at www.milestone-mgt.com.
Yardi Systems is committed to the design, development, and support of real estate software for investment, asset, and property management, serving organizations of all sizes. For more than 25 years, Yardi’s technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Yardi’s software is client-driven and serves more than 20,000 businesses, corporations, and government agencies, representing more than 7 billion square feet of commercial space and 8 million residential units globally.
Headquartered in Santa Barbara, Calif., Yardi Systems has offices throughout the United States, Canada, Europe, Asia, and Australia. 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