Mack-Cali Realty Corporation is a publicly traded, New Jersey-based real estate investment trust focused on Office and Multi-family. REdirect partnered with Mack-Cali to migrate their commercial portfolio from a highly customized legacy system (IBS) into their existing Yardi database already in use for the residential portfolio. REdirect also guided Mack-Cali in integrating Yardi to an existing proprietary SQL reporting database, previously integrated with IBS.
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It's been our privilege to work with some of the most well known companies in the real estate industry. We appreciate the opportunity to provide services and solutions that help them achieve their business goals. We work with the largest software providers for full-life cycle implementations and many of the leading complementary solution providers.
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Brian Properties, a full service commercial real estate firm focused on the Chicago market, was growing and needed accounting help but was not ready to hire additional staff. They were looking for a solution that could assist existing staff so they could continue to grow without significant additional overhead. Their main goal was to help their Controller get data into Yardi so she could spend her time working and analyzing data, rather than doing data entry.
Traditional Property Management and Accounting software is no longer the tool of choice for successful real estate investment management (REIM). Virtually every aspect of managing real estate investments—from fundraising to capital returns and every data-tracking need in between—is now more effectively handled by software platforms specifically created for the REIM world. With the REdirect team’s collective expertise squarely planted in both real estate technology and investment management, we are effective bridge-builders for those REIM firms looking to gain that competitive edge by bolstering in-house capabilities.
This past year Forbes magazine named Yardi one of the top 100 private cloud companies in the world. Yardi has consistently proven to be an innovator across the real estate playing field, and its evolution showed no signs of slowdown in 2016. If 2015 was characterized primarily by the launch of the new Client Central and the explosive growth of Yardi 7S (released at the end of 2013), 2016 could arguably have been Yardi’s breakthrough year in the real estate investment space.
This past year has represented nearly unbridled growth for MRI. The company has made significant strides, enhancing its overall offering with key service acquisitions like Integratec and CallMax, and partnering with major players like Nexus and AvidXchange; it expanded its global presence with a new European data center in Dublin; it released an impressive new version of its globally successful investment management suite; and it gained big-ticket clients, and continues to gain users and global recognition.
Real estate management software has undergone an unprecedented evolution over the past two to three years. Seamless integration with a whole host of automation features can make the day-to-day operations of property management easier, smoother, and more reliable.