California real estate company considers new single platform solution a key driver of portfolio growth
SANTA BARBARA, Calif., March 23, 2017 – Warmington Properties Inc. gains clear visibility of information from investor to lease in one mobile software platform including a suite of commercial and investment management products from Yardi®.
Warmington utilizes the Yardi Commercial Suite™ to automate its commercial property management and operational accounting. This includes front office business processes, tenant relationship management and back office functionality such as invoice processing, receivables automation and common area maintenance reconciliations. With COMMERCIALCafé™, Warmington can improve external communications and offer competitive tenant services, including online maintenance requests and payments.
“By implementing the Yardi Investment Suite™, we eliminated piecemeal solutions in favor of a complete front office and back office platform. This gives us much-needed capabilities for increasing asset value and retaining tenants. It’s much easier for us to track investment and fund structures and consolidate financial information,” said Jodi Moreira, vice president and controller for Warmington. “We also eliminated manual tasks associated with automating capital transactions, investor reporting and performance measurement. We can manage existing assets and evaluate new investment opportunities with equal ease.”
“Along with connecting Warmington’s investment and property management elements, the Yardi suites can also accommodate other real estate asset classes as the company grows,” said Terri Dowen, senior vice president of sales for Yardi.
The Yardi Commercial Suite and the Yardi Investment Suite provide an end-to-end solution for commercial property and asset management, which is increasingly the preferred choice for real estate and investment managers.
The Yardi Professional Services Group is implementing Warmington’s new solutions.
About Warmington Properties Inc.
Warmington Properties Inc. of Costa Mesa, Calif., is a full service real estate company specializing in acquisitions and asset management. With more than $875 million in assets under management, Warmington’s portfolio includes 10 apartment communities, two student housing projects and 21 commercial properties. Warmington’s expertise covers a wide range of property sizes, asset classes, product types, ages, geographies and demographics throughout California, Nevada and Arizona. For more information, visit www.warmingtonpropertiesinc.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, visit www.yardi.com.