SANTA BARBARA, CALIF., January 18, 2008 — Yardi Systems, the global leader in asset and property management software, is pleased to announce that Pacific Capital Management, Inc., a full-service commercial real estate investment and management company, has selected Yardi Voyager™ to manage its $750 million mixed portfolio of 2,000 multifamily units and 2 million square feet of commercial and retail space throughout California, Nevada, Arizona and Idaho.
With a portfolio that includes retail shopping centers, commercial buildings and multifamily residential buildings, Pacific Capital has been a long-time user of Yardi Enterprise™ Windows-based property management system. Wesley Herman, newly appointed Vice President and Director of Operations, appreciates the functionality Enterprise has had to offer, but also recognizes the benefits a more sophisticated, browser-based system will have on his teams’ daily operations.
“We’ve been happy with the Yardi Enterprise property management system over the years,” stated Herman. “However, we recognize the value a browser-based system will bring to a growing organization like ours. With the addition of role-based dashboards, automated notifications and advanced recovery reporting capabilities, our workflow processes and corporate transparency will greatly improve.”
Pacific Capital’s implementation of Voyager will be managed by the Yardi Professional Services team, ensuring smooth data transfer and ease of use. “We look forward to working with Pacific Capital to implement its new system,” said Fritz Schindelbeck, Yardi Vice President of Professional Services. “They thoroughly understand the value of integrated systems, and shifting to the browser-based Voyager property management system will deliver the operational improvements and increased efficiency that will help them achieve their business goals.”
About Pacific Capital Management, Inc.
Pacific Capital Management provides opportunities for wealth accumulation through prudent real estate investments. Their portfolio includes retail shopping centers, multifamily residential buildings, commercial buildings and other strategically selected properties that meet their stringent criteria for successful long-term investments.
The company’s team of seasoned professionals employ a proven model that has been successful in both up markets and down markets. The model combines a rigorous process of identifying a property’s potential, a disciplined system of underwriting and acquisition, intelligent, hands-on management, and ongoing monitoring of portfolio performance, resulting in exceptional investment opportunities with minimal risk. And, because their approach is built on the highest level of integrity and professionalism, they have developed lasting relationships with their investors, partners and peers. For more information, visit www.pac-cap.com.
About Yardi
Yardi Systems 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