Yardi Systems Inc., which provides management software for self-storage and other types of real estate, has expanded its Yardi Matrix self-storage data-services platform to 125 markets from 99. The asset-management and business-development tool now includes 26,535 properties, 1,398 of which are tracked as “new supply.” The properties comprise 1.4 billion square feet and encompass 83 percent of the U.S. population, according to a press release.
Matrix is intended for use by analysts, investors, lenders and property managers who underwrite and manage commercial real estate, the release stated. Its resources include ownership and management information, in-place debt, rents by unit size and comparison reporting, and sales-history data. The platform is available for multi-family, industrial and office properties in addition to self-storage.
“Matrix is now the largest data set for market intelligence and competitive analysis in the self-storage sector,” said Jeff Adler, vice president of Yardi Matrix. “The recent expansion is the latest example of Yardi’s commitment to providing the industry’s leading tools for identifying and executing development, management and underwriting deals.”
Yardi develops and supports software for the management of property and real estate investments. Its suite of programs includes accounting, ancillary processes, operations and services with portfolio-wide business intelligence and platform-wide mobility. Based in Santa Barbara, Calif., and founded in 1984, the company serves clients worldwide from offices in Asia, Australia, Europe, the Middle East and North America.
Sources:
- Newswire Today: Yardi Matrix Expands Self Storage Footprint
