AEW Management Corporation Selects Yardi Investment Management Software to Manage $23 Billion Domestic and Asian Portfolio
SANTA BARBARA, Calif. & NEW YORK & AMSTERDAM, The Netherlands & HONG KONG & SYDNEY, Australia--(BUSINESS WIRE)--Yardi Systems, the global leader in investment, asset and property management software, is pleased to announce that AEW Capital Management, LP, (AEW) one of the industry’s leading real estate investment managers, has selected Yardi Investment Management™ to manage its domestic and Asian real estate portfolio.
AEW conducted a detailed evaluation comparing offerings from Yardi Systems and competing vendors. “After a full functional comparison and review, Yardi’s fund and investment accounting functionality really made the difference in our selection,” said Jon Martin, Principal, AEW. “As long time Yardi users, we have always been happy with their approach to asset and property management,” he continued. “We were impressed with their offering for managing complex fund and partnership structures and the ability to deploy the solution globally.”
Yardi Systems is honored to include AEW in its growing list of the industry’s leading investment managers using the Investment Management solution. Alan James, Director of Global Strategic Accounts for Yardi Systems, said: “We believe it is a testament to the breadth of Yardi’s Investment Management solution that AEW chose to continue and extend their relationship with Yardi Systems. This is further confirmation that fund managers are focused on transparency in operational and investor performance to instill investor confidence. As a global market leader, AEW understands the importance of managing risk and providing superior services for their clients.”
With an implementation plan of eighteen months, AEW plans to roll out Yardi Investment Management in Singapore and throughout Southeast Asia this fall, followed by the North American portfolio in 2008. The implementation of Yardi Investment Management will replace the existing windows-based Yardi Enterprise™ system which AEW has been using since 1997, and will provide a centralized, fully-integrated global Investment Management system.
About AEW Real Estate Investment Management
Founded in 1981, AEW Capital Management, L.P. provides real estate investment management services to investors worldwide. Currently AEW and its affiliates manage over $42 billion of gross real estate assets and securities on behalf of many of the world’s leading institutional and private investors. The firm actively manages portfolios in both the public and private property markets and across the risk/return spectrum. Headquartered in Boston, AEW also has offices in Los Angeles, London and Singapore, as well as affiliate offices in Paris and eight other European cities. For more information, visit www.aew.com.
About Yardi Systems
Yardi Systems, Inc. is the global leader in the design, development, and support of integrated Investment, Asset and Property Management software for organizations of all sizes. For more than 25 years, our technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Our 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.
Yardi enjoys a customer base that incorporates some of the world’s leading international companies. Its European customers include: Fortress, Sachsenfonds, Cushman & Wakefield, CBRE Investors, and Erinaceous.
Headquartered in Santa Barbara, California, Yardi Systems is a privately held corporation with 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.