Yardi Selected as Kayne Anderson Real Estate Advisors’ Technology Partner


We are pleased to serve as KAREA�s technology partner as they seek new tools for achieving their business objectives

SANTA BARBARA, Calif., Sept. 27, 2010 – Yardi Systems today announced a technology partnership in which Yardi will provide software for Kayne Anderson Real Estate Advisors (KAREA), a private equity real estate firm investing in specialized real estate sectors with a primary focus on off-campus student housing. The selection of Yardi follows KAREA’s search for a software provider that would allow the firm to facilitate property- and fund-level reporting by automating the consolidation of financial data.

“We are pleased to serve as KAREA’s technology partner as they seek new tools for achieving their business objectives,” said Terri Dowen, senior vice president of sales for Yardi. “Yardi Investment Management™ and Yardi Executive Dashboard™ will provide KAREA with enhanced fund management and business intelligence capabilities. They will be able to effectively track and manage capital, determine property cash flows and valuations, obtain performance analytics, and provide investors with timely, reliable results.”

“As our portfolio grows, being able to efficiently and effectively identify and analyze performance trends is essential,” said David Friedman, managing director of KAREA. “The portfolio-wide analytics and key performance indicators delivered by Yardi’s tools will allow us to manage our reporting and benchmarks in a way that matches our business needs.”

KAREA’s implementation of Yardi Investment Management and Yardi Executive Dashboard is scheduled to be completed by the end of 2010.

About Kayne Anderson Real Estate Advisors

Kayne Anderson Real Estate Advisors (KAREA), based in Armonk, N.Y., is a private equity firm that invests in niche real estate sectors requiring specialized knowledge and skill for success, with a primary focus on off-campus student housing. KAREA is actively seeking student housing real estate assets of 150 units or more in close proximity to large public universities with strong student enrollment growth. The firm raised $136 million in commitments for its first real estate private equity fund, Kayne Anderson Real Estate Partners I, which held its final close on March 31, 2009. KAREA is part of Kayne Anderson Capital Advisors L.P., a $9 billion investment management firm with over 25 years of successful experience in the energy, growth capital, real estate and mezzanine debt sectors. For more information, visit www.kaynecapital.com/realestate.

About Yardi

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