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08/06/2008

Investing in property

CB Richard Ellis Investors (CBRE Investors) is a multi-strategy investment management firm which prides itself on creating a series of real estate investment programs which are diversified by strategy, country and/or relative risk or return

 

Global implementation
CBRE Investors has been using Yardi global asset and property management solutions for more than five years in the United States and has maintained a consistent approach to upgrading to the most current technology. With the expansion of its investment programs in the UK and Europe, CBRE Investors recognised the need to implement a single global platform allowing them to report seamlessly across continents and in line with global IT strategy. This led to the selection of Yardi Voyager International and its new Portfolio Accounting Module.

Chris Boatfield-Bell, Financial Controller for European Funds, has the responsibility for monitoring and reporting on all European funds and is very happy with the choice of Yardi for their European fund management: “The Yardi solution is great as it combines property and portfolio management in one real-time, Internet based system,” enthused Mr Boatfield-Bell. “What’s more it is very user-friendly with drill-downs that make it simple and intuitive.”

Portfolio accounting made easy
“Our new investment programs in the United Kingdom will run on the new Yardi portfolio management module,” continued Mr Boatfield-Bell, “and all future investment programs in the UK, France and Germany will be put onto the system as they come online.”

Interaction with Yardi
During implementation CBRE Investors had daily interaction with Yardi. “The Yardi team is very easy to get hold of, quick with responses and very helpful” said Mr Boatfield-Bell. “They definitely know what they are talking about.”
“Overall we are very happy with everything. Yardi’s service is first rate and we are getting our money’s worth” concluded Mr Boatfield-Bell. “The amount of support we have had from the team has indeed been impressive.”

Summing up
“Voyager International covers all involved from investors to property managers. It is a web-based, real-time solution which is easy to use. Lots of things are automated and are just a click away. I look forward to the new version coming out at the end of the year.” Chris Boatfield-Bell

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 25 years, Yardi’s technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Yardi’s software is client-driven and serves more than 15,000 businesses, corporations, and government agencies, representing more than 5 billion sq feet of commercial space and 5 million residential units globally.

Yardi enjoys a customer base that incorporates some of the world’s leading international companies. Its European customers include: Deloitte, Sachsenfonds, Cushman & Wakefield, Halverton and Erinaceous.

Headquartered in Santa Barbara, California, Yardi Systems 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.

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