Full service commercial real estate developer chooses property management solution for superior lease management, accounting and reporting capabilities
SANTA BARBARA, CALIF., Aug. 12, 2015 — Yardi announced today that Scottsdale, Arizona-based SimonCRE has chosen Yardi Genesis2™ as its core property management and accounting platform. Web-based and mobile-enabled with a single database and best practice workflows for property management, accounting and reporting, Yardi Genesis2 includes an integrated general ledger with streamlined accounts receivable and payable, and features for commercial clients including CAM reconciliations.
With seven single-lease commercial properties in their portfolio along with the recent acquisition of a multi-tenant property in Arizona, SimonCRE specializes in ground up development of retail spaces ranging from regional power centers to community shopping centers. To date, SimonCRE has been involved in the retail development of over two million square feet in 26 states from Oregon to Florida.
When it came to choosing a property management and accounting solution, SimonCRE was focused on finding a scalable platform — with strong accounting functionality — that would grow with them and also deliver fast and accurate reporting. After reviewing other options on the market, SimonCRE selected Yardi Genesis2.
According to Nikki Simon, controller for SimonCRE, “We tried another property management software system but found it cumbersome and hard to use — and the reports were difficult to obtain and understand. We were also using accounting software that was limited in its capabilities and didn’t meet our commercial property management needs.” She continued, “With Yardi Genesis2, we have an all-in-one platform that delivers clear and accurate reporting, gives us a dashboard with reminders about insurance and lease expirations, which I really value, and it’s backed by outstanding customer support from Yardi.”
In addition to Yardi Genesis2, SimonCRE utilizes integrated and paperless Yardi Payment Processing™ to streamline A/R and expedite funds availability through online and electronic payments.
“We are delighted to welcome SimonCRE as a client and are thrilled that they selected the Yardi Genesis2 platform to increase business-wide efficiencies, including optimizing financial accounting and reporting for their growing commercial portfolio,” said Terri Dowen, senior vice president of sales for Yardi.
Founded by Joshua Simon in 2010, SimonCRE is a full service commercial real estate development company that has developed and leased more than two million square feet of retail space all over the United States. The firm specializes in retail ground up development, redevelopment, single tenant build to suits and multi-tenant retail building projects. SimonCRE has over $100 Million in construction projects planned in seven states in 2015, including 25 build to suits. SimonCRE is headquartered in Scottsdale, Ariz. For more information, visit www.SimonCRE.com.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. Yardi has two platforms to choose from, the Yardi Genesis2™ platform with its Yardi Genesis2 Suite™ for smaller real estate firms and the more comprehensive Yardi Voyager® platform for mid- to large sized property owners, managers, and investors. With the Yardi Multifamily Suite™, Yardi Commercial Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. Both platforms include operations, accounting and ancillary processes and services with mobility for residential and commercial portfolios. 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.