Alter Domus chooses Yardi to strengthen its global real estate strategy
Yardi will be a key part of Alter Domus’ Integrated global real estate solution, providing tailor-made services to its international clients
AMSTERDAM and LUXEMBOURG, November 17, 2020 / PRNewswire / – Alter Domus, a leading provider of fund and corporate services to alternative investment managers, has selected Yardi® as a technological partner to improve Alter Domus’ global real estate strategy. Alter domus services on 110 billion dollars of real estate assets under administration as a partner of 18 of the 20 largest real estate investors in the world.
Alter domus has adopted Yardi Investment Management further streamline reporting for cross-border real estate investment structures and cover the entire value chain, from assets to investors. Alter domus will also use Yardi Debt Management, a module developed specifically to add loan management capabilities to the vertically integrated accounting and reporting tool. Yardi solutions are integrated into Alter Domus’ Integrated global real estate solution to provide a vertically integrated and global reporting and data environment for real estate equity and debt products managed by international and global investment managers.
Anita Lyse, real estate manager for Alter domus, said: “As we continue to view the globalization of real estate as an asset class, investment structures are becoming more complex and administered in more jurisdictions, including local needs and compliance requirements diverge. Data quality is essential for efficient service and administration of assets across borders. We are happy to partner with Yardi to activate our integrated global real estate solution as this will further enhance our ability to deliver top quality services with speed, accuracy and transparency. Combining this with our cloud portal solution, CorPro, gives us a unique technological environment that further improves our operational processes and enables near real-time access to detailed and high-quality portfolio information to our clients and their investors. ”
“We are very happy to partner with Alter domus globally, ”said Neal gemassmer, International Vice President of Yardi. “We look forward to working with a company that, with a customer-centric mindset, places the highest importance on the quality of service and the personalized attention that each customer receives.”
About Alter domus
Many international private equity firms, real estate firms and private debt managers choose Alter domus as their growth partner. Uniquely dedicated to alternative strategies, their established network of 2,500 employees provides fund administration services, business services, custodian services, transfer pricing, domiciliation, management company services, administration. of loans, agency services, transaction settlement and CLO management in more than 40 offices and offices. at the World level. For more information visit alterdomus.com.
Yardi® develops and supports leading investment and property management software for all types and sizes of real estate companies. Founded in 1984, Yardi is based in Santa barbara, california, and serves clients around the world from offices in Australia, Asia, the Middle East, Europe and North America. For more information visit Yardi.com/EU.