Yardi Agrees to Sponsor Amsterdam School of Real Estate (ASRE)


SANTA BARBARA, CA; AMSTERDAM, THE NETHERLANDS; July 11, 2006 — Yardi Systems, the industry leader for asset and property management solutions, has agreed to be a sponsor of the Amsterdam School of Real Estate (ASRE). ASRE, the scientific institute for the real estate sector, is the result of a joint initiative from a number of major Dutch real estate companies, the Dutch government and the University of Amsterdam. Its mission is to bridge the gap between science and practice.

ASRE offers education at the university level, but regularly uses leading people from the real estate industry to guarantee that the curriculum retains a business perspective. In 2005, 61 students received a Masters degree from ASRE (36 Masters of Real Estate and 25 Masters of Science in Real Estate), and since the start of ASRE, more than 520 MRE degrees have been conferred.

More recently, ASRE has started to broaden its curriculum by offering courses specifically aimed at real estate companies and branch organizations. In February 2006, it expanded its course offerings by introducing classes in asset management that include strategic management, legal structuring, financial management and asset management. So far, ASRE has been very encouraged by the level of interest and enrollment in these courses.

Yardi’s sponsorship of ASRE supports its strategy to help develop the real estate market in Europe. As a leader in the production of property and asset management software, Yardi is at the forefront of technology development. Its link with ASRE will enable Yardi to be at the forefront of industry thinking too.

Richard Gerritsen, Senior Sales Executive, Yardi, states: “Yardi wants to play a more active role in improving the knowledge level of the Dutch real estate sector. This is a great opportunity for us, especially when combined with our expansion throughout Europe. We are looking forward to our future involvement with ASRE.”

About Yardi
Yardi Systems, Inc. is the global leader in the design, development and support of integrated Asset and Property Management software for organizations of all sizes. For more than 22 years, our technology and services have led the industry through responsiveness and innovation, becoming the gold-standard for property software solutions. Our products are client-driven and enhance workflow by integrating property management, financial reporting and a centralized database in one software suite.

Yardi enjoys a customer base that contains some of the world’s leading international companies. Its European customers include Deloitte, Sachsenfonds, Cushman & Wakefield Healey & Baker, ProLogis and CB Richard Ellis.

Headquartered in Santa Barbara, California, Yardi is a privately held corporation with offices throughout the United States, Canada, Europe, Asia and Australia. 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