Yardi Introduces Yardi Elevate for Multifamily Real Estate USA - English

New asset management solution uses machine learning for prescriptive analytics

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Oct 01, 2018, 08:00 ET

SANTA BARBARA, California, Oct. 1, 2018 /PRNewswire/ -- Yardi is bringing its new Yardi® Elevate Suite for multifamily to market. Designed for CEOs, COOs, asset managers and other operational managers, Yardi Elevate delivers unprecedented portfolio visibility with in-depth operational data and predictive insights.

In addition to RENTmaximizer, Yardi® Matrix and Forecast Manager, the suite features the all-new Asset Intelligence, which incorporates machine learning and artificial intelligence to improve business performance. The system learns over time while connecting data and enabling decision-making for revenue management, just-in-time marketing, expense and revenue budgeting and forecasting, market valuations and more. These recommendations help companies make excellent business decisions that reduce risk and elevate asset performance.

For example, Seattle-based Pillar Properties, the multifamily division of R.D. Merrill Company, is an early-adopter of Yardi Elevate and already achieving superior results using the advanced asset performance tools in the suite.

Being able to view important metrics for the company's entire portfolio in one place has been key to making better decisions and minimizing risk. "Yardi Elevate empowers Pillar Properties to take a forward-thinking approach. There's more competition now than ever and using a tool that enables us to be more proactive is something we will really benefit from moving forward," said Billy Pettit, president of Pillar Properties.

"We are so excited to offer Yardi Elevate to our multifamily clients," said Terri Dowen, senior vice president of sales at Yardi. "With the best business intelligence software, you can present and analyze your existing operational information from different perspectives. But now, the multifamily industry will have access to new tools that go beyond presentation and into predictive and prescriptive analytics to elevate asset performance."

About Pillar Properties
Based in Seattle, Pillar Properties is an award-winning developer, owner and manager of luxury apartment residences. The company focuses on customer service with the goal of delivering a "quietly awesome" experience at every level of engagement. For more information, visit pillarproperties.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, California, and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.

SOURCE Yardi