SANTA BARBARA, Calif., September 10, 2007 — Yardi Systems, Inc., the global leader in asset and property management software, is pleased to announce that Los Angeles-based Excel Residential Services, Inc. has selected Yardi Voyager Residential and Yardi Portal to manage its southern California portfolio. Excel Residential Services will utilize these applications to bolster efficiency, sales, and growth activities across a portfolio that includes more than 8,800 units in 65 properties.
“With its data processing, automation, dashboard and drill-down features, Voyager Residential and Portal will help us achieve several key business performance goals,” said Michael Hardy, chief financial officer of Excel Residential Services. “We look forward to using them to direct our rental activities with a degree of efficiency that is unattainable with our current property management software suite. In addition, these solutions’ capabilities are aligned with our portfolio growth projections.”
Yardi is pleased to include Excel Residential Services in its growing list of owners/managers using Yardi Voyager with Yardi Portal. “Yardi recognizes that residential property management businesses place increasing emphasis on operational transparency, integrated management of multiple portfolio functions, and market growth,” said Karissa Reardon, Yardi Regional Sales Executive. “The Yardi product suite is perfectly matched with Excel Residential Services’ goals in these areas.”
Excel Residential Services plans to roll out Yardi’s products at a rate of 10 properties per week beginning in September. This implementation is expected to be completed by the end of March 2008 and will provide a centralized, fully integrated asset and property management system.
About Excel Residential Services, Inc.
Founded in 2001, Excel Residential Services manages more than 65 properties and more than 8,800 units throughout southern California. Working closely with property owners, service providers and others, Excel Residential Services creates a strategic business plan for each of its properties whose elements may include renovations, service upgrades, quality-of-operations improvements, aggressive management strategies, and establishing current rents to existing market levels.
About Yardi
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 square feet of commercial space and 5 million residential units globally.
Headquartered in Santa Barbara, California, Yardi Systems has 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.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255