IREIT uses mobile-enabled Software as a Service platform to manage the trusts’ office properties
Singapore, July, 2015 – IREIT Global Group Pte. Ltd., the manager of IREIT Global (“IREIT”), a Singapore listed Real Estate Investment Trust (“REIT”) with a European-centric investment portfolio that includes assets in the German cities of Bonn, Munster, Darmstadt and Munich, has selected Yardi Voyager® 7S, a mobile-enabled, tablet-compatible Software as a Service technology platform.
IREIT will also adopt Yardi Advanced Budgeting & Forecasting™, an automated solution that delivers accurate budget projections for revenue and expenses using tenant lease data drawn from Yardi Voyager.
“We believe in the importance of investing in the right integrated technology solution to help us in managing our portfolio. As such, we chose Yardi for its unique combination of technology, innovation and its localised technical support in Singapore and Europe. This solution is mobile, compatible and user-friendly which gives us the ease to manage our asset and property management operations as well as our financial management of the REIT. Given that IREIT plans to grow rapidly in the next few years, Yardi Voyager fits our requirements to scale up in accordance with our needs to manage multiple assets and business operations in various locations,” said Ms Adina Cooper, Chief Investment Officer of IREIT.
“We’re excited that IREIT will leverage Yardi’s end-to-end real estate solution to receive in-depth asset management visibility, continuous measurement of their investments’ financial health, and financial reporting capabilities. The platform will help support daily operations and long term investment decisions,” said Neal Gemassmer, vice president of international for Yardi.
About IREIT Global Group Pte. Ltd.
IREIT Global Group Pte. Ltd. is the Manager of IREIT Global, the first SGX-listed REIT established with the investment strategy of principally investing, directly or indirectly, in a portfolio of income-producing real estate in Europe, which is used primarily for office purposes, as well as real estate-related assets. For more information, visit www.ireitglobal.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. With the Yardi Commercial Suite™, Yardi Residential Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and services with portfolio-wide business intelligence and platform-wide mobility. Yardi serves clients worldwide from offices in Australia, Asia, Middle East, Europe and North America. For more information, visit www.yardi.com/asia.
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