More Than 100 Clients Using Voyager SaaS in the Yardi Cloud

Clients, attracted by service improvements, cost savings and infrastructure upgrades, adopt Voyager SaaS

SANTA BARBARA, CALIF., June 25, 2012– Yardi announced today that in just three months, more than 100 clients have adopted Voyager SaaS (Voyager S) in the Yardi Cloud. Voyager S is helping clients reduce costs and streamline operations with improved service and software control.

More than 50 new clients and 50 current clients have adopted Voyager S since its introduction in March 2012. These clients elected to adopt Voyager S in the Yardi Cloud because it provides:

· State of the art, scalable, secure infrastructure

· High performance systems with disaster recovery

· Management of software and hardware upgrades

· Simplified implementation using industry best practices

· Improved customer service

“Our priority is growth, and Voyager S helps us achieve that goal by saving us time and money we would otherwise devote to IT equipment and personnel,” said Philip Balderston, principal at PT Real Estate Capital LLC. “It’s a seamless, very low-maintenance application for us.”

“Voyager S helps us greatly by leveraging all the best practices Yardi has to offer while allowing customized features that meet the unique requirements involved in managing residential property in San Francisco. It has made software upgrades faster and easier to install,” said Taylor Lembi, president of Urban Pioneer Property Management.

About PT Real Estate Capital LLC

Philadelphia-based PT Real Estate Capital (PT) purchases multifamily, retail, and office assets, executes financial, managerial and physical property level rehabilitations, and manages the stabilized assets. Although primarily a multifamily specialist, PT prides itself on versatility in asset class and size, having the ability to act quickly on a non-contingent basis and operate successfully on a smaller scale than the competition. PT currently owns and manages more than 650 apartment units in the Philadelphia area. For more information, visit www.ptrecapital.com.

About Urban Pioneer Property Management

Urban Pioneer is at the forefront of excellence in San Francisco property management. The company incorporates exceptional service, extensive market knowledge, and integrated technology with timeless real estate principles to provide property management services that are second to none. For more information, visit www.up-sf.com.

About Yardi

Yardi has been committed to the design, development and support of real estate investment management and property management software for 30 years. With the Yardi Voyager™ and Yardi Orion™ for SharePoint® platforms and the Yardi Multifamily Suite™, Yardi provides a full real estate management system that includes operations, accounting, and ancillary processes and services with portfolio-wide business intelligence. Yardi’s residential products and services are designed for various market niches, including market rate multifamily and single-family housing, affordable housing, public housing, senior housing, and military housing. Yardi serves clients around the world from offices in North America, Asia, Australia, Europe and the Middle East. More information about Yardi products and services is available at www.yardi.com. More information about RENTCafé is available at www.rentcafe.com; the RENTCafé renter’s blog provides renters across the U.S. with a comprehensive and dynamic source of lifestyle information and interaction.

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255