SANTA BARBARA, CA, December 15, 2005 — Yardi Systems announces WinnResidential has selected Yardi Voyager™ Affordable Housing property and asset management software to manage its residential portfolio.
WinnCompanies develops, acquires, and manages multifamily and mixed-income properties throughout the United States. WinnResidential’s multifamily management portfolio includes over 65,000 units across the country. In an effort to streamline business operations, WinnResidential chose to move data from five different applications to Yardi Voyager’s fully integrated, browser-based system, which also accommodates Winn’s market and affordable portfolio.
“The challenge of accounting and information management in a portfolio with more than 300 properties in 19 states is enormous. The ability to have all properties utilize one system will result in significant benefits at the property level and within the organization,” says Janice Wollinger, Vice President, Marketing, WinnResidential. “We’re thrilled about the fully integrated, automated compliance features built into the software drastically reducing the possibility of errors which could lead to non-compliance, as well as the enormous consistencies and efficiencies Yardi will bring to our overall business practices and to helping our staff manage daily action items.”
In keeping with Yardi’s ongoing commitment to the affordable real estate market, Yardi Voyager Affordable Housing provides an integrated, comprehensive management and accounting software system with a centralized database and host of advanced compliance, HUD project-based Section 8 and Section 42 Tax Credit features. Yardi Affordable also combines innovative, browser-based technology with compliance-specific reports and forms for all HUD, TRACS and Tax Credit regulations.
Gennaro Catalado, Vice President, Information Technology, WinnResidential adds, “Yardi’s Voyager application has provided Winn the opportunity to consolidate market and affordable systems into a single intuitive application. Voyager presents new opportunities to Winn’s employees.”
Headquartered in Boston’s historic Faneuil Hall, WinnCompanies develops, acquires and manages multifamily and mixed-income properties throughout the United States. Since 1971, WinnDevelopment has acquired and developed real estate holdings valued in excess of $1.5 billion. WinnCommercial is involved in the development and management of office, retail, parking, hotel, marina and mixed-use properties throughout New England. WinnResidential’s multifamily management portfolio includes over 65,000 units across the country. More information about WinnCompanies may be found by visiting www.winnco.com.
Yardi Systems, Inc. is the global leader in the design, development and support of asset and property management software for multinational organizations of all sizes. Our innovative technology and services are client-driven and enhance workflow by integrating property management, financial reporting and a centralized database into one system. Yardi is a privately held corporation, with headquarters located in Santa Barbara, California and regional offices throughout North America, Europe and Asia-Pacific. More information about Yardi products and services may be found by visiting www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255