American Realty Capital Properties Enriches Its Property Management Process with MRI Software-as-a-Service Prime

Cleveland, Ohio – American Realty Capital Properties, Inc. (ARCP), a leading self-managed commercial real estate investment trust focused on acquiring and owning single-tenant, net-leased properties, is one of MRI Software’s largest clients. After successfully utilizing the software for the past nine years, ARCP has elected to take advantage of the award-winning MRI Software-as-a-Service (SaaS) Prime environment. Recognizing the value in MRI’s upcoming product enhancements, increased functionality, and the highly reputable, award-winning hosting environment, the company selected the MRI SaaS Prime offering as the optimal environment to host its critical MRI data through the end of its current agreement with MRI and for an additional four years.

“We have agreed to continue our partnership with MRI and move to their SaaS Prime environment thanks to MRI’s demonstrated commitment to ARCP and our partnership,” explained Thanh Hong, Senior Vice President of Information Technology at ARCP. “We are encouraged by MRI’s continued product development and their willingness to engage us at a senior management level on the product roadmap. As the largest publicly traded net lease REIT, we want the additional flexibility and security that MRI’s SaaS Prime environment provides. We look forward to continuing our successful partnership with MRI Software.”

MRI SaaS is a well-established hosting environment that has been securely maintaining client data for several years. In 2011, the quality of the infrastructure was recognized by Cisco Systems with the Cisco Architecture Award which recognizes companies who have gone above and beyond in regard to the overall quality and design of their hosting environments. Combining an award-winning environment with a commitment to flexibility and always striving to meet the changing needs of its clients, MRI now offers three levels of SaaS: Core, Flex, and Prime. Each option entrusts MRI to both house and manage the client’s applications, communications network, and data at one of MRI’s highly secured Tier III+ data centers. Each center includes comprehensive disaster recovery services, operational and technical support, detailed data back-up and recovery procedures, redundant systems, and all the equipment required to secure and maintain a company’s critical business information. Moreover, as new versions of MRI become available, the companies will be upgraded to the most recent version with minimal impact to their business, enabling them to take advantage of product enhancements as they become available.

SaaS Prime is the ideal solution for larger organizations that require completely separate environments for their data but still want to take advantage of the cost savings and efficiency gains that hosting in the cloud provides. MRI SaaS Prime creates a completely private hosting experience, including  a private application server, concierge level support, unique SQL servers, Citrix Apps, and private Disaster Recovery servers to allow for a truly segregated hosting environment. ARCP will enjoy a truly prime environment where its critical data is stored and maintained at the highest level.

“We are thrilled that American Realty Capital Properties has given MRI the opportunity to prove our commitment to the client experience and to providing those clients with innovative and flexible products,” explained Patrick Ghilani, CEO at MRI Software. “SaaS Prime will provide the ultimate private data management experience, allowing ARCP to alleviate its IT burden and focus on running its core business.”

For more information about MRI Software’s SaaS offerings, visit our website.

About MRI Software
MRI offers property management software solutions to the global real estate management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, visit www.mrisoftware.com.

American Realty Capital Properties, Inc.
American Reality Capital Properties is a leading, self-managed commercial real estate investment trust focused on investing in single tenant freestanding commercial properties subject to net leases with high credit quality tenants. ARCP owns approximately 4,400 properties totaling 99.1 million square feet of leasable space. Additionally, ARCP sponsors non-traded REITs through its wholly owned private capital management business and direct investment wholesale broker dealer, Cole Capital. In total, ARCP manages nearly $30 billion of high-quality real estate located in 49 states, as well Washington D.C., Puerto Rico and Canada. Additional information about ARCP can be found on its website at www.arcpreit.com. ARCP may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.