Apartment property business development tool’s market coverage grows more than 70% in two years
SANTA BARBARA, CALIF., June 18, 2015 – After 14 years of a steadily expanding service footprint, Yardi® Matrix, a business development tool that delivers real-time market intelligence on multifamily properties, now covers 100 markets across the U.S.
Yardi Matrix provides overall market trends, property-level information and other data for more than 63,000 multifamily properties with 50+ units totaling more than 12 million units. Real estate owners, investment sales brokers, debt and equity investors, and other stakeholders use this information to identify new deal opportunities, mitigate risk and drive investment portfolio value.
Yardi Matrix developed out of the acquisition of Pierce-Eislen by Yardi® in 2013. The service covered 58 markets at that time.
“Yardi is pleased to provide real estate professionals with the most detailed, accurate and comprehensive apartment property database in the industry,” said Jeff Adler, vice president of Matrix for Yardi. “As we pass the 100-market milestone, we’ll keep looking for ways to improve the product and add even more value for our clients.”
A summary of multifamily trends tracked by Yardi Matrix is compiled into a monthly report called Matrix Monthly (sample available here). Subscriptions to Matrix Monthly are available here.
About Yardi
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Multifamily Suite™, the Yardi Commercial Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.