Related Posts

Tags

Informed Investments

With Fogelman Properties

By on Apr 6, 2018 in People

In 14 years as a Yardi client, Fogelman Properties has adopted a variety of solutions that comprise a single connected platform for running its real estate property and investment management business. For example, automating resident insurance enrollment at its rental properties produced 100% insurance compliance.  Another solution for tracking and managing leads gave rise to more cost-effective marketing and improved employee training. Fogelman also automated its property management, accounting, resident screening and online payment processing operations.

More recently, Fogelman sought to bring new clarity to its property management and real estate investment strategies. That decision prompted the company’s adoption of Yardi Matrix.

Yardi Matrix compiles market and property-level research for underwriting real estate loans and investments. “We will use Yardi Matrix data about supply, demand, sales, loans, leases and other factors to identify markets we might consider investing in,” said Mark Fogelman, president of Fogelman Properties. “It will also provide data on comparable properties to help us benchmark the performance of properties we currently own against the competition. Yardi Matrix will be a major contributor to profitable investments and informed property management.”

“We are proud to deliver the full capabilities of Yardi Matrix and excited to participate in another chapter of Fogelman’s 55-year history as one of the property management industry’s top companies,” said Jeff Adler, vice president of Yardi Matrix.

Fogelman, founded in 1963 and based in Memphis, Tenn., is one of the largest and most experienced privately-owned multifamily investment and property management companies in the U.S. It specializes in multifamily acquisitions, property management, construction management and asset management. Fogelman presently operates 80 multifamily communities totaling 28,000 apartment homes in 10 states.

Schedule a demo to learn more about how Yardi Matrix helps leading real estate investors make better decisions on property prospecting, underwriting and asset management.