MRI Software Appoints David Carner to Lead Multifamily Business Unit

Real Estate Technology Veteran to Lead All Strategic and Operational Initiatives
for MRI’s Growing Multifamily Business

Solon, OH – June 12, 2017 – MRI Software, a global leader in real estate software solutions, today announced the appointment of 25-year industry veteran David Carner as group vice president for the company’s multifamily business unit. With extensive senior management experience at real estate technology providers in functions ranging from product management and operations to business development and marketing, Carner brings the end-to-end expertise to build on and accelerate the growth of MRI’s multifamily business.

“Dave’s appointment marks a significant milestone for our business and further emphasizes our long-term commitment to and leadership position in the multifamily sector,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Dave will be a huge asset to MRI, and we could not be more pleased to have his invaluable experience on our leadership team. Dave will have our total support as he guides us to new heights in multifamily.”

Carner will take over MRI Software’s fast-growing multifamily business in the midst of record expansion of its platform across all sectors, including conventional and affordable housing. In the past twelve months alone, MRI has grown its multifamily offerings to include solutions for automated communications, resident screening and asset management with the acquisitions of CallMaX, ResidentCheck and Integratec, respectively. These solutions, along with new innovations in MRI’s Multifamily Connect Suite, meet client needs for property and asset management and full resident lifecycle engagement, from prospect attraction to resident retention.

“As someone who’s been in this industry for well over two decades, I am very familiar with MRI Software’s long history of success helping multifamily real estate organizations elevate their business,” said Carner. “I’m thrilled to be joining the team now at a time of unprecedented investment and momentum in multifamily. MRI’s commitment to delivering comprehensive and flexible software supported by an open and connected ecosystem of innovative partners is  the ultimate in client experience and the core tenet upon which we will continue to build the MRI legacy.”

Prior to joining MRI Software, Carner was senior vice president at First Advantage, a provider of comprehensive background screening solutions, where he was responsible for guiding the success of its Residential Solutions business. Before First Advantage, he spent 18 years with RealPage, including serving as president of both LeasingDesk and CrossFire. Carner graduated cum laude from the University of Pittsburgh and completed an MBA from the Cox School of Business at Southern Methodist University. He will be based out of MRI’s new Dallas office.

MRI Software’s multifamily business is built upon its Residential Suite. These flexible solutions for conventional and affordable housing adapt to individual customer needs, allowing property owners and managers to take control of the entire real estate cycle, from online leasing and lead qualifications to renewals and statement of deposit.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

MRI Software and GI Partners Announce Strategic Partnership with TA Associates

Investment supports expansion of MRI’s global footprint and mission-critical enterprise software applications to help real estate companies improve operations and maximize portfolio value

SOLON, OH – May 23, 2017 – MRI Software, a global leader in real estate software solutions, today announced that it has signed a definitive agreement to receive a strategic investment from TA Associates, a leading global growth private equity firm. GI Partners acquired MRI in June 2015 and will remain an investor in the company, alongside TA Associates.

As one of the founders of the real estate technology industry, MRI Software has remained committed to providing insight, automation, flexibility and choice for clients since its founding in 1971. Recognizing that every organization has unique requirements, MRI gives real estate owners, operators, occupiers and investors the freedom to choose the right mix of technology for their business. Today, MRI’s comprehensive and flexible portfolio includes solutions for commercial and multifamily property management, leasing, accounting and finance; offerings for managing the tenant and resident lifecycle; robust investment management and modeling solutions for optimizing the performance of deployed capital; and sophisticated reporting and analytics offerings. MRI supports its 3,100 global clients from its headquarters in Solon, Ohio, and offices in Atlanta, Dallas, London, Hong Kong, Singapore, Sydney and Toronto.

Since GI Partners’ investment in 2015, MRI Software has experienced considerable growth through product innovation, international expansion, and multiple strategic acquisitions. During this time, MRI has significantly expanded its offerings for the multifamily real estate sector and launched the industry’s most comprehensive Investment Suite, with solutions to analyze, manage and communicate the performance and risks of real estate assets and investments. MRI also brought on more than 70 partners and connected their solutions to its open platform, providing clients unmatched flexibility and choice through true enterprise software plug-and-play in a single, unified experience. Over the same period, MRI has added more than 1,000 clients and 160 employees worldwide.

“MRI Software is a leader in real estate technology because of our relentless commitment to delivering value to our clients and partners through exceptional products, services and relationships,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “GI Partners has been a strong supporter and a key contributor to the acceleration of our business, and we look forward to continuing this relationship. Expanding our partnership to include TA Associates, a firm with deep software industry experience and global scale, will provide additional resources to fuel our growth through further expansion of our international footprint and our real estate technology solutions. The combination of these two leading strategic investors will provide greater access to global resources and enables us to invest even more to deliver innovation, flexibility and value for our clients and partners.”

“Since our partnership with MRI Software in June 2015, the company has successfully executed against its growth strategy, rapidly accelerating topline revenue growth, delivering significant levels of product innovation, deepening its presence in international markets, and expanding its open and connected partner ecosystem,” said Travis Pearson, Managing Director of GI Partners and a member of the MRI Software Board of Directors. “It has been a pleasure to partner with and support Patrick Ghilani and his management team as they solidified MRI’s leadership in the real estate technology market. We look forward to continuing to support MRI and partnering with TA Associates as the business continues to expand globally.”

“MRI Software has established a differentiated position in the fast-growing real estate software space with a comprehensive, configurable and open platform that meets the unique needs of real estate owners, operators and investors,” said Hythem El-Nazer, a Managing Director at TA Associates who will join MRI Software’s Board of Directors. “With its significant investment in product, people and partners, we believe MRI is well positioned to continue growing its leadership position in the commercial, residential and investment management markets. We are excited to partner with Patrick Ghilani and his team, alongside GI Partners, to support the company’s continued innovation and growth.”

Jason Werlin, a Managing Director at TA Associates, also will join MRI Software’s Board of Directors. In addition to Mr. Pearson, Jeff Sheu, a Director at GI Partners, will also remain on the Board.

Additional terms of the deal were not disclosed. Shea & Company is acting as the exclusive financial advisor to MRI Software and GI Partners during the transaction. SunTrust Robinson Humphrey is acting as a financial advisor to TA Associates.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit www.mrisoftware.com.

About GI Partners

GI Partners is a leading private investment firm based in San Francisco. The firm has raised over $14 billion in capital since inception through private equity and real estate strategies from recognized institutional investors across the globe. GI Partners’ private equity team is active in a number of key sectors, including IT Infrastructure, Healthcare, Software, and Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.

About TA Associates

TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 480 companies around the world and has raised $24 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the business services, consumer, financial services, healthcare and technology industries. More information about TA Associates can be found at www.ta.com.

Press contact:
LEWIS PR for MRI Software
Jeff Miller
541.207.3461
mrisoftware@teamlewis.com

Chris Tofalli for GI Partners
chris@tofallipr.com
914.834.4334

BackBay Communications for TA Associates
Zachary Tramonti
617.391.0797
zachary.tramonti@backbaycommunications.com

One-Third of ICSC North American Top 50 Rely on MRI Software to Improve Performance, Gain Insights and Drive Decision Making 

Experts from MRI Software Demo Real Estate Technology Solutions for Commercial Owners and Operators, Retail Tenants and Brokers at ICSC RECon 2017 in Las Vegas, May 20 – 24

Solon, OH – May 22, 2017 – MRI Software, a global leader in real estate software solutions, today announced that 30 percent of the International Council of Shopping Center’s top-50 North American shopping center ownership groups are using the company’s solutions to increase the performance of their assets, streamline processes and gain critical insights to power rapid decision-making.

MRI Software’s solutions for the shopping center real estate market address multiple roles within the industry, including commercial property owners and operators, retail tenants and real estate investment brokers:

• Commercial Property Owners and Operators: The MRI Commercial Suite, which includes Advanced Retail, and the MRI Investment Suite together enable commercial landlords to increase performance of both retail leases and real estate operations. Organizations can maximize revenue by automating complex retail lease calculations and improve forecasting with increased visibility into financial performance. Firms can make more informed business decisions based on actionable insights into non-financial retail data with MRI’s AnalytiX Portal.

• Retail Tenants: MRI Corporate Real Estate (CRE) empowers retail tenants to take control of lease expenses and terms by automating complex calculations and providing enhanced data visibility. Percentage rent, recurring payments and lease offsets are no longer shrouded in mystery, and retail tenants never need miss a critical lease term or deal with unpleasant financial surprises again.
• Real Estate Investment Brokers: With the announcement that a commonly used valuation software product will discontinue support in the near future, many commercial real estate professionals will have little choice but to undergo a major implementation and migration burden. MRI’s Global Valuations offers an alternative to companies that are being forced to transition to a new platform that may not meet their unique business needs. With support for multiple valuation methodologies and deployment options including SaaS and desktop, MRI Global Valuations gives clients the flexibility to choose what works best for their organization. In addition, MRI provides the unique ability to share and collaborate on valuation files within the investment broker’s real estate community.

“MRI’s clients rank as some of the largest shopping center owners and operators based on total global square footage,” said Brian Zrimsek, Chief Product Officer at MRI Software. “With billions of dollars of assets under management, our clients require a comprehensive and flexible solution that can provide instant, accurate insight to guide operations and optimize business results. Our open and connected ecosystem means that clients can easily integrate partner and other third-party solutions into their framework to create the best fit for their specific business needs.”

MRI Software Solutions in Action: Phillips Edison & Company

Phillips Edison & Company (PECO) is just one member of the ICSC North American Top 50 using MRI’s software solutions. PECO owns and manages grocery-anchored shopping centers and uses MRI Software to manage more than 340 properties. MRI Software’s ability to configure the solutions and to integrate effortlessly with other critical applications was important to Shaun Smith, CIO at PECO.

“MRI’s comprehensive solutions removed the integration pain points by plugging into other key applications and improving our overall software ecosystem rather than trying to force us into a box of their creation. With MRI’s open ecosystem we are able to create the best possible system for our business’s unique needs at this time,” said Smith.

Before the firm deployed MRI Software, every month, the lease renewal group would run spreadsheets to ensure they had not overlooked expirations. Today, MRI keeps that data updated and fresh in real time. Likewise, MRI’s ability to automatically feed marketing data to the website and exchange data with the ERP system has saved the company hundreds of hours of work.

MRI Software will be demoing its solutions for the shopping center real estate market at booth N1224 in the Marketplace Mall at ICSC RECon 2017 in Las Vegas, May 20 – 24. For more information, please stop by the booth or request a meeting.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit www.mrisoftware.com.

Savills Plc and TH Real Estate select MRI Software Version X for web-based property management solution

London, U.K. – April 13, 2017 — Prominent European real estate firms are turning to MRI Software, a global leader in real estate software solutions, to more effectively manage their local and global real estate portfolios and investments. Companies like Savills Plc, TH Real Estate, and others in the EMEA region have selected MRI Software’s web-based Version X property management and accounting platform to drive global operational efficiencies and provide an intuitive online experience for users.

Real estate technology is poised to be an integral tool for owners, operators, and investors to adapt their strategies in response to the potential impact of political and economic change. According to a 2017 research report from KPMG, the real estate industry will have to “live with uncertainty on an ongoing basis, particularly around what Brexit is likely to mean in practice for the UK and the EU.” Additionally, in a joint survey from PwC and the Urban Land Institute, entitled “Emerging Trends in Real Estate Europe 2017”, sixty-one percent of survey respondents indicated they plan to tailor their real estate strategy in response to demographic and social changes.

“For real estate companies across the globe, the ability to make strategic business adjustments based on changing market conditions will be critical for future success,” said Stephen Baker, Vice President, International and Strategic Markets at MRI Software. “MRI’s open and flexible Version X platform gives real estate investors and managers the agility to make the best decisions for their business, even during uncertain times.”

Savills Plc selects MRI Version X for property management

Savills Plc, a global real estate services provider, has selected MRI’s Version X platform to drive operational performance and efficiencies for its commercial property business in key European locations. Savills is one of the largest real estate companies in the world, and its property management team manages 230,000,000 square feet of property with a capital value in excess of £30 billion.

“Savills is delighted to continue our journey with MRI Software,” said Aron Feeley, Director and Head of Property Management Systems at Savills. “We continue to innovate how we provide solutions not only to our clients, but to our internal staff – be they property managers, financial analysts, operational, or site-based staff. We have developed a number of solutions that rely on MRI’s core platform. Without MRI’s open architecture, we simply wouldn’t be able to deliver this level of innovation. Version X builds on this further by ensuring we can always integrate with best-in-class solutions.”

TH Real Estate manages global investments with MRI Version X

TH Real Estate, one of the largest real estate investment managers in the world with c.$97bn in assets under management, is among the growing number of firms worldwide that benefit from MRI Software’s premier web-based Version X platform. Following a successful upgrade, TH Real Estate now has more than 400 total users at locations throughout Europe on Version X, including more than 30 managing agents. Users have the freedom to access MRI’s intuitive web-based interface from any device and any browser. TH Real Estate relies on MRI Software to track and manage a diverse set of holdings across multiple countries, including Austria, France, Germany, Italy, and the UK.

“The ability to access relevant property and investment data via the web gives our users and managing agents the freedom to focus on making the best decisions for stakeholders,” said Mark Griffiths, Director of IT and Operations at TH Real Estate. “The MRI team gives us the expertise and support we need to manage our real estate business.”

MRI’s London-based global professional services team worked in partnership with TH Real Estate to deliver a powerful yet flexible web-based property management solution. MRI’s unique ability to support local and global property management requirements gives TH Real Estate the flexibility to manage portfolio performance at the local and multinational level.

Supporting Resources:

• MRI EMEA https://www.mrisoftware.com/emea/
• MRI Version X https://www.mrisoftware.com/products/version-x/

About Savills
Savills provides consulting services in connection with commercial, residential and agricultural properties, property-related financial services and investment management, which includes investment management for institutional or professional investors. Savills operates from over 700 owned and associate offices, employing more than 30,000 people in over 60 countries throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. For more information, visit http://www.savills.com/.

About TH Real Estate
TH Real Estate, an investment affiliate of Nuveen (the investment management arm of TIAA), is one of the largest real estate investment managers in the world with $97bn in AUM (as of 31 December 2016). Managing a suite of nearly 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, the firm provides access to every aspect of real estate investing. With offices in 20 cities throughout the US, Europe and Asia Pacific, over 500 professionals and 70 years of investing experience, the platform offers deep local expertise coupled with a sophisticated global perspective. TH Real Estate’s investment, asset management and corporate strategies grow from a deep understanding of the structural trends that will shape the future of real estate and responsible investing beyond market cycles. This ‘Tomorrow’s World’ approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society. For more information, visit www.threalestate.com.

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit www.mrisoftware.com.

Press contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541.207.3461

Los Angeles, CA – March 27, 2017 – Datex Property Solutions, makers of Datex BI, a real estate business intelligence platform, and developer of the website for the MRI Software Users Group (MRISUG), an organization of users of MRI Software, partnered with ClickPay to enable MRISUG members to securely pay their membership fees electronically.

The MRISUG was founded in 2002 with the goal of improving user expertise and leveraging best practices for optimization of MRI Software. MRI Software is used by thousands of real estate portfolio owners and operators across the commercial, retail and multifamily markets, and has been a market leader in the real estate software industry since its founding in 1971.

MRISUG members include property management, accounting and operations managers at a wide range of real estate companies across the multifamily, retail and commercial real estate spectrum. The MRISUG website provides an environment that encourages networking and dialogue between members, facilitating the sharing of member expertise as well as solving problems together.

ClickPay’s API seamlessly integrates with Datex, allowing MRISUG members to securely and conveniently pay their membership fees via ACH or credit card through ClickPay’s easy-to-use payment platform.

About Datex Property Solutions

Datex Property Solutions is the maker of Datex Business Intelligence (Datex BI), the market leading real estate business intelligence and data warehouse solution. Datex BI gives real estate portfolio owners visual, pushbutton simple access to their core real estate data. Datex turns insight into action through an approach called ‘Dashboard to Documents’, enabling folks to work smarter, see the whole picture, and have nothing fall through the cracks. Datex clients report a 40% improvement in the productivity of their property managers and accountants, resulting in significant recurring headcount savings. For more information, please visit: www.datexdata.com.

About ClickPay

As the leading provider of innovative billing and payment solutions for the multifamily and commercial real estate industry, ClickPay offers fully integrated billing, payment processing, and software services to accelerate the financial performance of its customers by reducing operating costs, creating operational efficiencies, and boosting resident satisfaction. These services provide property owners and managers with a customizable, electronic solution to bill and collect from their residents including online payments, lockbox, on-site check scanning, paper statements, and e-billing. ClickPay accepts all payment methods including e-check (ACH), paper check, debit and credit card, and American Express. Utilizing years of collective experience in the real estate, electronic payment, and technology sectors, ClickPay has developed a comprehensive suite of services focused on real estate technology and financial performance. For more information, visit www.clickpay.com.

Press contact:

Emily Wells
404.250.4018
emily.wells@MRIsoftware.com

MRI Software expands Asia presence with iRealz partnership

New partnership provides local consulting and implementation services for high-growth real estate market in Asia

Solon, OH – February 9, 2017 – MRI Software, a global leader in real estate software solutions, announced today that iRealz, a company focused on delivering real estate software solutions to the Asian market, has joined the company’s Partner Connect program. Clients of MRI Software and iRealz will benefit from a streamlined process for service engagement, timely roll out of software updates, and the introduction of additional MRI functionality to the Asian market. MRI’s unique ability to configure to local requirements gives real estate investment firms and property managers in Asia the freedom to do business on a regional or multinational level.

“The addition of iRealz to the MRI Partner program reinforces our commitment to the expanding global market,” said Stephen Baker, Vice President, International and Strategic Markets at MRI Software. “Real estate firms in the Asian market will have access to the technology and services they need to grow their business locally and globally. Geographically, iRealz complements our current Asian office locations in Singapore, Hong Kong, and Sydney.”

Based in Singapore, iRealz has extensive experience implementing real estate software solutions for a variety of business functions, including property accounting and lease cycle management, asset management and investment accounting, leasing pipeline management, workflow design, budgeting and forecasting, management reporting, and more. iRealz supports clients located throughout Asia, including China, Japan, Hong Kong, Singapore, Malaysia, and Thailand.

“We are particularly excited to support MRI Software’s expanded product suite in the Asian market,” said Marcus Loy, iRealz Director. “Through MRI’s Investment Management suite, analytics capabilities, and feature-rich Version X platform, real estate firms in the region will benefit from sophisticated technology solutions while leveraging international best practices and improving operational efficiency.” 

Supporting Resources

MRI Asia website https://www.mrisoftware.com/asia/  

About iRealz

Based in Singapore, iRealz is a company with extensive experience implementing real estate Software Solutions for the Asia Pacific markets. iRealz management and staff have more than 40 years of combined experience and have successfully managed and implemented real estate software solutions across all the major counties in the Asia Pacific region including Singapore, Malaysia, Hong Kong, China, Japan,  Thailand and Australia. For more information, please visit http://www.irealz.com/.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge.

Press contact:

Emily Wells
404.250.4018
emily.wells@MRIsoftware.com

MRI Software Announces Acquisition of ResidentCheck

Resident screening service expands MRI’s comprehensive and flexible technology platform for multifamily real estate owners, operators and investors

Solon, OH – February 6, 2017 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of Dallas-based ResidentCheck, a provider of resident screening for the multifamily real estate industry. ResidentCheck’s extensive screening services enable property owners and operators to maximize financial performance and reduce resident delinquency rates.

“To stay competitive, today’s multifamily property operators require increased visibility into all stages of the resident lifecycle,” said Patrick Ghilani, Chief Executive Officer at MRI Software. “The acquisition of ResidentCheck expands MRI’s prospect and resident engagement capabilities while also formally establishing an MRI footprint in Texas. We’ve served numerous clients in the Dallas-Fort Worth area for many years, and we’re pleased to now establish an office in the region that will represent our full portfolio.”

ResidentCheck offers a unique combination of automated screening plus human diligence to provide a comprehensive background check service. In addition to credit and criminal background screenings, a dedicated team of employees conducts online and in-person research to verify the accuracy of information, giving property owners and operators significantly greater insight into the history of prospective residents. Screening services are available for conventional and affordable housing, and screening recommendations are tailored to specific client requirements for each property. Additionally, the integration of ResidentCheck’s screening services into MRI’s Multifamily Connect Suite will offer clients deeper insight into the relationship between an applicant’s initial screening results and future payment behavior.

“I’m very proud of what the ResidentCheck team has accomplished since we founded the company more than twenty years ago,” said Jorge Baldor, President and Co-Founder of ResidentCheck. “We are very excited to join MRI Software, a pioneer in the real estate technology industry. MRI’s deep client relationships and focus on innovation and scale will enable us to continue delivering new and improved services for our clients.”

“We want to thank our valued employees and our many loyal clients that have made ResidentCheck the success it is today. All of them will benefit from the new and innovative services that MRI Software offers,” said Kevin Hastings, Vice President and Co-Founder of ResidentCheck.

ResidentCheck will continue to serve its clients without interruption and remains committed to providing and supporting solutions for all organizations, regardless of their property management software. MRI Software will focus on alignment of shared services, sales and account management, and joint product development to integrate the ResidentCheck solution into MRI’s Multifamily Connect Suite. Similarly, MRI remains committed to providing choice and flexibility for its clients through an open and connected ecosystem. MRI’s Partner Connect program includes three screening partners, and the addition of ResidentCheck gives MRI clients even more freedom to choose the right screening solution for their needs.

This is MRI’s second acquisition in the multifamily sector within the last four months. In October 2016, MRI purchased CallMaX, a leader in automated, mobile front-office solutions, to streamline communications between residents and property managers. This transaction does not include ResidentCheck’s multifamily collections business, which will continue to service its existing clientele as a stand-alone entity. Shea & Company acted as the exclusive financial advisor to MRI Software and their private equity sponsor, GI Partners.

About ResidentCheck
ResidentCheck is a national provider of resident screening and pre-employment screening for the multifamily real estate industry. ResidentCheck gives multifamily clients visibility into the direct correlation between front-end screening and bad debt recovery to provide a total risk management solution.

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit www.mrisoftware.com.

 

Press contact:

Emily Wells
404.250.4018
emily.wells@MRIsoftware.com

MRI Software Partners with Waypoint for Real Estate Performance Benchmarking

New partnership expands Commercial Real Estate financial benchmarking capabilities

Solon, OH – December 21, 2016 – MRI Software, a global leader in real estate software solutions, is pleased to announce that Waypoint has joined the MRI Partner Connect program. As a financial benchmarking and expense management platform for the commercial real estate industry, Waypoint enables its clients to see and improve property performance against the market.

“We’re excited to add Waypoint to our Partner Connect program,” said John Ensign, Executive Vice President and General Counsel at MRI Software. “The financial benchmarking capabilities offered by Waypoint will enable our commercial real estate clients to reduce operating costs and gain competitive advantage through actionable analytics.”

Through MRI’s partnership with Waypoint, MRI clients can gain a better understanding of how their real estate assets are performing financially in comparison to the local market index. With Waypoint, real estate professionals can identify expense outliers, validate the financials of potential acquisitions, and provide higher quality performance reporting.

“Waypoint is excited to partner with MRI Software to bring innovative solutions to the real estate industry,” said Diane Vrkic, CEO of Waypoint. “Waypoint is dedicated to empowering real estate professionals with trusted market intelligence and expense management tools that increase productivity and unlock asset value.”

The Waypoint platform services over 1.75 billion square feet across 275 U.S. markets. By providing unprecedented visibility into the financial performance of real estate, Waypoint empowers clients to make more strategic, data-driven decisions.

About Waypoint

Founded in 2009, Waypoint is a leading performance analytics and asset management platform for the commercial real estate industry. The company’s mission is to improve the way decision makers access and use information to drive asset value by decreasing expenses and improving operational excellence across our clients’ portfolios. For more information, please visit www.waypointbuilding.com.

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Atlanta, Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com. 

Press contacts:

Emily Wells
MRI Software
404.250.4018
emily.wells@MRIsoftware.com