Yardi Collaborates with University of Texas to Advance Sustainability

Gift will support research into innovative energy solutions for real
estate

SANTA BARBARA, Calif.,
Nov. 21, 2019 – A gift from Yardi®
will support research efforts coordinated by the Energy Institute
at The University of Texas at Austin to help reduce greenhouse gas emissions from
the built real estate environment.

The Energy Institute
(EI) facilitates interdisciplinary research and engagement to transform the
future of energy worldwide. EI, which
includes more than 300 researchers and 30-plus research centers, provides a
gateway for UT initiatives designed to enable a globally sustainable energy
transition.

“We deeply appreciate the support from Yardi, which helps us
accelerate our focus on fueling
a sustainable energy transition. A key element
of this is energy use and emissions
mitigation in the built environment,
where global demand is growing for better technology and tools to support
efficiency in building design, construction and operations,” said Dr. Varun Rai, director of the Energy
Institute. “Yardi’s gift enables us to support interdisciplinary research in
this area at various school, departments and research units across UT.”

“The real estate
industry is the fourth largest source of emissions in the U.S. The average
commercial building wastes an estimated 30% of its energy consumption. There
are tremendous opportunities to help occupants, owners, investors and
communities benefit from improved energy efficiency,” said Akshai Rao, vice
president of procure to pay and energy for Yardi and a UT Austin alumnus. “UT
is a leader in research that is generating breakthroughs across the spectrum of
energy issues, and Yardi is pleased to support these efforts through the Energy
Institute.”

About Yardi
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. Learn how property managers use the Yardi
Pulse® Suite to optimize
building energy performance and promote sustainability. For more information on
how Yardi is Energized for Tomorrow, visit yardi.com.

About the Energy
Institute

The Energy
Institute (EI) at the University of Texas at Austin facilitates
interdisciplinary research and engagement to transform the future of energy
worldwide. With over 350 researchers and 30-plus research centers and
initiatives focused on energy at UT, EI also serves as the gateway for
innovative public and private collaborations with UT to advance a sustainable
energy transition globally.