Investment servicing company improves visibility and control by automating management of multiple funds and fund structures
SANTA BARBARA, Calif., Aug. 18, 2017 – Cortland Capital Market Services LLC continues to grow and expand its real estate business by delivering timely, accurate, informative investor reports and automated accounting, allocations and financial consolidations with Yardi® Investment Management.
Cortland performs fund accounting for small and large real estate fund managers across almost every property type. Yardi Investment Management significantly streamlined the complex process of completing Cortland’s financial consolidations by drawing detailed information directly from its Yardi Voyager® accounting platform and automatically consolidating that data in one system.
“Yardi Investment Management eliminates manual entry of an incredible amount of data and makes our end-of-period closing easier, faster and less risky, which allows us to deliver exceptional quality to our clients,” said Stuart Wood, managing director for Cortland. “We can also customize reports to meet individual investor requirements.”
Automating the capital allocation process with Yardi Investment Management also makes it easier for Cortland to track constantly fluctuating investor ownership percentages in open-ended funds. Yardi Investment Management automatically logs changes made to investment structures and allows review of structures during prior periods.
“Yardi Investment Management gives Cortland data visibility and control that enables better-informed decisions about the assets it administers while accommodating the growing international element of the various portfolios,” said Rob Teel, senior vice president of global solutions for Yardi.
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About Cortland Capital Market Services LLC
Chicago-based Cortland Capital Market Services LLC is a leading independent investment servicing company. It provides fund administration, commercial bank loan servicing, securitization services and middle-office support to financial institutions including proprietary trading and alternative investment managers, banks and commercial lenders. For more information, visit cortlandglobal.com.
About Yardi
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.