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Enhancing Real Estate Operations: PingProperties and Yardi Partnership

In a significant move to optimize its real estate operations, PingProperties has partnered with Yardi, a prominent provider of property management software. Based at Schiphol Airport in Amsterdam, PingProperties aims to enhance its efficiency and streamline its internal processes by leveraging Yardi's cloud-based platform. Having recognized the necessity for improved internal communication and a unified source for portfolio and performance data, PingProperties found a fitting solution with Yardi’s comprehensive offerings.

The Need for Optimization

Managing a growing portfolio of commercial office and retail assets demands an efficient approach to internal operations. PingProperties acknowledged that to remain competitive in the fast-paced world of real estate investment management, adopting advanced technology was crucial. This partnership will enable them to facilitate better communication and data management across the organization.

Implementing Yardi Solutions

Through this collaboration, PingProperties will implement several key components from Yardi’s end-to-end commercial real estate management and investment management platform. Notably, they will utilize Yardi Voyager®—a powerful tool designed to unify real estate and financial data, enabling real-time decision-making and fostering transparency. Moreover, Yardi® Procure to Pay will streamline procurement processes and invoicing workflows, leading to reduced manual efforts and increased accuracy in operations.

Also notable is Yardi® Investment Accounting, which centralizes financial reporting and provides deeper insights into funds performance and investor returns. With these tools, PingProperties can expect significant improvements in managing its growing portfolio and serving its clients more effectively.

Statement from Leadership

Roel Van Grinsven, the Chief Financial Officer of PingProperties, expressed enthusiasm about this collaboration, stating, “We are excited to work with Yardi to make this important step toward internal optimization. With a fully integrated property software platform, we can finally close our internal communication gaps and gain the insights needed to better serve our clients.”

Yardi's Vice President and Worldwide Managing Director, Neal Gemassmer, echoed this optimism, saying, “Yardi is proud to support PingProperties in their digital transformation journey. Together, we are enabling a connected, data-driven approach to investment property management.”

About PingProperties

PingProperties is committed to enhancing buildings and neighborhoods sustainably, creating valuable ESG (Environmental, Social, and Governance) investments for the future. The company specializes in investing in stranded assets or those suitable for transformation, aligning its operations with ESG objectives to secure a sustainable future for its investments. For more details, visit pingproperties.com.

About Yardi

Celebrating its 40th anniversary in 2024, Yardi develops and provides industry-leading investment and property management software for all types and sizes of real estate businesses. With over 9,000 employees, Yardi collaborates globally with clients to drive significant innovations in the real estate sector. To find more about their future-ready solutions, visit yardi.co.uk.

Through this partnership, PingProperties is set to not only enhance its operational efficiency but also set a new standard in the property management industry, paving the way for innovative solutions and improved client services.