PRZOOM - /newswire/ -
Santa Barbara, CA, United States, 2016/08/09 - RXR will manage investments, leases and fixed assets from an integrated software platform - Yardi.com.
RXR Realty, LLC is seeking to reduce staff time and improve investor service by consolidating its business on a single Yardi® platform.
RXR will use Yardi Voyager® 7S and Yardi Investment Management™ to manage its entire real estate business from investor to lease. The Yardi Voyager platform will allow RXR to automate investment accounting, performance measurement and investor reporting, while performing property operations and accounting, in a cloud-based system.
Having all of its business data in one place means that RXR will receive complete business intelligence, from investors to the property and lease levels, and executives and managers will be able to access it from any mobile device using Yardi InvestorPlus™.
The company will also use Yardi Fixed Assets™ to track fixed assets throughout their lifecycle, from purchasing, depreciation and disposition, all in the same system.
“We will work much more efficiently by eliminating multiple platforms for lease management, reporting and asset tracking. Even more important, the Yardi platform will give our investors and owners faster access to information about their assets’ performance,” said F.D. Rich III, executive vice president and chief administrative officer for RXR.
“RXR illustrates the value of a single business-wide platform in helping a vertically integrated company work more efficiently. They gain the added benefits of better security and visibility because all their information is in one place,” said Terri Dowen, senior vice president of sales for Yardi.
About RXR Realty, LLC
RXR Realty, LLC (rxrrealty.com), based in Uniondale, NY, is a vertically integrated private real estate investment company. Its expertise includes investment management, property management, development, design, construction, leasing and financing. RXR’s core growth strategy is focused on New York City and the tri-state area markets.
Yardi® (yardi.com) 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, Calif., and serves clients worldwide.