Real estate asset manager Terraplex will eliminate manual tasks associated with accounting, reporting and compliance with Yardi Voyager® 7S, Yardi Investment Management™ and Yardi Investor Portal™.
These solutions will allow Terraplex to perform investment accounting and investor reporting for multiple real estate investment funds on one cloud-based platform. Seeking to improve visibility and convenience for its investors, Terraplex adopted Yardi Investor Portal to deliver performance data, compliance records, tax documents and other important information via mobile devices.
“We selected Yardi® because it offers a single stack solution that will improve our reporting and eliminate manual tasks across our organisation. We can account for our funds’ performance with a single application stack, rather than having to rely on third parties, spreadsheets and disparate accounting systems,” said Charlie Raymond, director of Terraplex. “We can automatically compile investor correspondence and distribute it electronically, rather than manually assemble and mail paper statements. The ability to access cloud-hosted data 24/7 from anywhere in the world benefits our investors as well as our directors and other staff.”
He added,“Looking ahead, as our operations continue to grow, we also anticipate taking up the property management platform. Keeping all our software integrated will help us work more efficiently and make better decisions for our shareholders.”
“Voyager, Investment Management and Investor Portal represent an integrated platform that satisfies Terraplex’s investors, reduces risks and multiple data entry, and frees up company resources for high-value operations,” said Neal Gemassmer, vice president of international for Yardi.
Terraplex Pty Ltd is a boutique property investment manager specialising in the acquisition and management of commercial property and is based in Melbourne, Australia. Established in 2009 by Anthony Wilson and Charles Raymond, it now manages AUD$180 million of investment property via four unlisted property funds.
Terraplex has developed a track record of strong performance of and disciplined management on behalf of wholesale, sophisticated and institutional investors. Terraplex seeks to invest in “value add” opportunities. It identifies investment grade properties that provide a sustainable income stream and have potential for short to medium term value enhancement through refurbishment, redevelopment, repositioning or repricing.
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 from offices in Australia, Asia, Middle East, Europe and North America.