RMR selected the Yardi Voyager property management software, along with investment accounting products.
SANTA BARBARA, CALIF., Nov. 01, 2010 – Reit Management & Research LLC (RMR) selected the Yardi Voyager™ property management software, along with investment accounting products from the Yardi Investment Suite™, primarily to manage its 77-million-square-foot portfolio of commercial office and industrial properties.
RMR sought a new centralized property management and accounting platform that would improve the automation of financial and general ledger consolidations. Expected results included scalability, improved productivity through better information-sharing, and faster reporting.
“Leveraging the best-in-class Yardi technologies will increase our efficiency and productivity. These new solutions will also help us deliver the most effective products and services in our marketplace,” said Carlos Flores, RMR vice president and chief information officer.
Yardi will also provide hosting services to RMR through its Application Service Provider (ASP). With ASP, Yardi serves and maintains the Voyager application and database for RMR from its data center. Yardi assumes responsibility for all application updates, network security, hardware, bandwidth and infrastructure, allowing RMR to focus on its principal business.
“We are pleased to provide RMR a business-wide platform that benefits both external stakeholders and the company’s own employees. Complete transparency, analysis and fully compliant reporting will be much easier to obtain due to integration,” said Richard Malpica, Yardi vice president and general manager, Eastern Region.
About Reit Management & Research LLC
RMR, based in Newton, Mass., was founded in 1986 to manage public investments in real estate. As of June 30, 2010, RMR managed over 1,370 commercial properties in 46 states, the District of Columbia, Puerto Rico and Ontario, Canada.
Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™ and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255