Cleveland, Ohio – MRI Software announced today that the Industry-leading hyperlocal ABODO  is the latest company to join the VaultWare Apartment Content Syndication Network, a collection of best-of-breed companies and the most frequented Internet Listing Services (ILSs) in the industry. Featuring the ability to enhance the advertisements on more than 20 high-quality online advertising sources, the VaultWare solution empowers clients to streamline their marketing process while increasing their exposure to apartment hunters.

“At ABODO, our focus is on providing renters access to reliable and high-quality vacancy information, and VaultWare’s content syndication provides our users with the information they want,” noted Alec Slocum, CEO of ABODO. “VaultWare customers now have the ability to add and automatically update their listings so they can gain immediate access to the thousands of renters that are searching ABODO every day.”

MRI’s VaultWare Apartment Marketing Suite provides consumer-centric apartment marketing, leasing and market analysis capabilities focused on delivering an ideal online shopping experience that results in streamlined operations, highly qualified leads and more leases. VaultWare features automated content updates including current pricing and availability drawn directly from their property management software or revenue management system, which results in consistent content across the client’s VaultWare-powered online advertisements. Additionally, the solution encourages prospective residents to begin the leasing process while the prospect is most engaged by allowing them to reserve a specific, currently available apartment that fits their needs. With many VaultWare client’s experiencing lease conversion rates as high as 25% for requests-to-hold of specific, currently available apartments, to 50% lead to lease conversion rates for pre-qualified apartment reservations, the addition of VaultWare’s capabilities to ABODO provides mutual clients with a powerful tool that generates easily apparent results.

“We are very pleased that ABODO is partnering with us to better serve the apartment marketing industry,” said Stephen Baker, Vice President of Product Management at MRI Software. “Forming a close relationship with innovative companies like ABODO are crucial to the success of both VaultWare as a product and its users’ experience with the solution.”

For more information about the VaultWare Reservation System as well as the entire lineup of VaultWare Apartment Marketing solutions, please visit https://www.mrisoftware.com/vaultware-products. To learn more about ABODO, please visit abodo.com.

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.

About ABODO
ABODO is the country’s leading hyperlocal apartment search service. The company is improving the rental search experience by combining the largest inventory of available apartments with a simple, intuitive user experience. To find your perfect apartment, visit www.abodo.com.To list your property on ABODO with Vaultware , visit list.abodo.com

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.

Cleveland, Ohio – MRI Software, a leading provider of real estate software solutions, announced today the appointment of Phil Trudeau as Vice President of Global Sales. In this position, Mr. Trudeau will spearhead all sales and client management activities for MRI, with dedicated teams serving the multifamily and commercial real estate markets respectively.
“Joining a well-known market leader like MRI at a time of renewed commitment to product innovation and client experience is extremely exciting,” said Phil Trudeau. “I am thrilled to have this opportunity to lead the growth of MRI in the marketplace, and to ensure our clients receive the highest value possible from our solutions and our team.”

Mr. Trudeau comes to MRI from SAP America where he was VP of Enterprise Field Operations.  Prior to SAP, Mr. Trudeau was VP of Sales and General Manager at Domin-8, a property management and accounting software provider that was acquired by RealPage, Inc. His previous roles include EVP of Worldwide Sales & Services at Incentive Technology (formerly Centive), and as VP of Sales with ADP. He received his bachelor’s degree in both Marketing and Management from Bentley University.

“Phil’s appointment to this key role rounds out our highly experienced, industry centric, executive team,” said Patrick Ghilani, CEO at MRI Software. “He not only brings over 25 years of enterprise software sales leadership, including within the real estate vertical, but he has the spirit and passion we aggressively searched for to lead the expansion of our award winning MRI brand in all regions of the globe.”

About MRI Software
MRI offers property management software solutions to the global real estate management and investment industries. As the 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, please visit https://www.mrisoftware.com

Cleveland, Ohio – MRI Software, a leading provider of real estate software solutions, announced today the appointment of Brian Zrimsek to Chief Products Officer.  A member of the executive leadership team, Mr. Zrimsek is tasked with expanding upon MRI’s legacy of client focused product innovation, from product vision and strategy, through product management, development, marketing, and launch.

“I’m extremely excited to leverage my experiences and passion for Real Estate IT for a company of MRI’s history and depth,” said Mr. Zrimsek.  “I am not only pleased to have such an impactful role with this dynamic organization, but to also relocate back to the Cleveland area where I earned my degree, started my career and my family.”

Mr. Zrimsek brings 25 years of large scale enterprise software experience to MRI, most recently as an IT Vice President at The Irvine Company. During his nearly 10 years in real estate technology he has become a well-known subject matter expert, industry panelist, and trusted advisor, especially within the multifamily real estate market.  Prior to Irvine, Mr. Zrimsek was VP of Research at Gartner, Inc., where he provided executive advisory services within the enterprise software arena.  He spent the first decade of his professional career as a Management Consultant with Arthur Andersen, Accenture, and Ernst & Young.  He received his B.S. in Mechanical Engineering from Case Western Reserve University.

“Brian is exactly the industry focused thought leader that we were looking for to propel our product strategy to the next level of innovation, quality, and value for our clients,” said Patrick Ghilani, CEO of MRI Software. “He brings a client centric mindset to the boardroom as well as to the development lab, and we are thrilled to have him as a part of the MRI family.”

About MRI Software
MRI offers property management software solutions to the global real estate management and investment industries. As the 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, please visit https://www.mrisoftware.com

Cleveland, Ohio – MRI Software announced today that the latest version of the specialized MRI Bostonpost Affordable Housing will be released this month. Bostonpost 9.2 will include an assortment of updates to ensure that users maintain compliance with HUD’s latest funding requirements. MRI’s own Jed Graef has been heavily involved throughout the process, acting as a TRACS 202D Committee Chair since these changes were first proposed. Graef’s invaluable experience with affordable housing has enabled MRI to develop and maintain a truly robust product that is a vital part of maintaining funding compliance for its clients.

Among the many changes present in 202D is the inclusion of additional fields on electronic HAP vouchers, which will eliminate the manual process of sending various paper vouchers to Contract Administrators (CA’s). Other voucher changes include a new form and record to handle repayment agreements, as well as the addition of new Miscellaneous Accounting Request codes. Moreover, there are a variety of new and updated form codes within the certification, such as household member relations, new member Special Status, and new move-out and termination codes.

“After a six month transition period has passed, HUD will no longer accept any submissions that utilize the previous version of TRACS,” explained Stephen Baker, Vice President of Product Management at MRI Software. “As an organization, MRI is committed to continuously supporting our clients’ unique business and compliance needs. Given the criticality of these submissions to our client’s businesses, we felt it of primary importance to support the TRACS updates at their introduction.”

MRI Bostonpost is MRI’s industry leading affordable housing property management software. The solution can easily support a variety of layered subsidy programs, including HUD, USDA, Tax Credits, HOME, and Public Housing. Additionally, the software significantly reduces administrative workload while simultaneously maintaining a property’s compliance with any combination of affordable housing funding programs. Whether clients are managing properties with project based vouchers, or properties rehabilitated with tax credit funding, or newer properties with complex layered funding, the Bostonpost system can manage everything within one user-friendly system.

For more information about MRI’s Bostonpost solution, 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.

Cleveland, Ohio – Peak Campus Companies, a Georgia-based company focused on providing top-of-the-line student housing, has used MRI’s highly flexible software to support its accounting functions for several years. After experiencing the power of WebDesign and JobCost, the company opted to further enhance their accounting process by adding those two solutions to their MRI suite of products.

 

Peak Campus has selected the industry leading JobCost solution for their development accounting needs. MRI JobCost allows clients to control all facets of construction including new development, tenant work, and capital improvements. From small tenant jobs to large-scale commercial and residential development, the solution tracks all costs from inception to completion. Moreover, JobCost provides detailed cost projections in order to ensure Peak Campus will never be surprised by cost overruns and they will enjoy better overall budget control.

“MRI JobCost allows us to customize reports, giving us the information we need to manage our projects,” said Dan Fitzpatrick, President of Peak Campus Companies.

MRI’s WebDesign empowers clients to quickly create or configure pages for their Web-based MRI Software solution. Users do not need any knowledge of Web programming languages (such as HTML or CSS), to design a solution that reflects the unique needs of their business. Peak Campus can quickly modify their pages by dragging fields, boxes, labels and grids to exactly where they want them to appear on the site. In fact, new pages can even incorporate standard formulas such as annual rent. Beyond look and feel modifications, MRI WebDesign features dashboard views and additional automation capabilities such as the ability to schedule reports to run automatically.

“The web version of our award-winning software offers an enhanced user experience with the type of automation capabilities and dashboard views our clients need to increase efficiencies and maximize the profitability of their operations,” said Stephen Baker, Vice President of Product Management at MRI Software. “We are confident that the combination of the web interface and the MRI JobCost product will create an even more powerful MRI accounting solution that will contribute to the continued success of Peak Campus for the long-term.”

For more information about MRI Software’s commercial 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 https://www.mrisoftware.com.

About Peak Campus Student Housing Management
Peak Campus Management is an institutional-grade student housing management company based in Atlanta, Georgia. The firm’s seasoned professionals offer a demonstrated ability to execute on goals and long term investment strategies of its partners. Peak Campus Management currently oversees 60 assets at nearly 31,000 beds across 25 states valued at over $1.8 billion for investors nationwide. The firm has been consistently recognized as a Best Place to Work by numerous publications. For more information on Peak Campus and its full array of real estate solutions, please visit http://www.PeakCampus.com.

Cleveland, Ohio – The Franklin Johnston Group, a developer and manager of over 40 properties and 6000 units throughout the eastern United States, was looking for a software solution to streamline their property management process. After reviewing several competitors and realizing MRI had a best-of-breed solution for each of their property management needs, Franklin Johnston opted to work with MRI Software and their highly flexible solutions.

“The Franklin Johnston Group (“TFJG”) is a dynamic and innovative company that already possesses the industry leading people, nimble structure and best-in-class processes required to generate superior performance for our owners and management partners. Consequently, our evaluation process was focused on identifying the best overall technology platform AND a responsive long-term business partner that we believe is: 1) capable of collaborating with us to create an immediate competitive advantage for our owners and partners by fully-integrating a more robust technology platform into our existing operational framework, 2) fully-dedicated to continuously improving its products and services in response to customer feedback and the natural evolution of the multifamily industry and 3) steadfastly committed to delivering outstanding customer service and support,” explained Chris McKee, President of Operations. Based upon a highly inclusive evaluation and vetting process that included team members from all parts of the TFJG organization, MRI emerged as the consensus choice. TFJG is very excited to partner with MRI to provide our team members with the most innovative, powerful and user-friendly technology solution in the industry and our customers with the most flexible and intuitive user experience available anywhere.”

MRI Residential Management (RM) allows clients to establish and automate workflow processes that cross organizational boundaries, and even extends outside the enterprise to vendors and partners. A key benefit is that RM is scalable and will grow with the business, mitigating the many growing pains that organizations experience with less-flexible software platforms. Additionally, the robust reporting capabilities of the software can be used to measure the organization’s key performance indicators. In fact, Residential Management can assist with nearly all of the user’s real estate management needs, including accounting and residential lease processing.

MRI’s VaultWare Apartment Marketing suite provides consumer-centric apartment marketing, leasing and market analysis capabilities focused on delivering an ideal online shopping experience that results in streamlined operations, highly qualified leads and more leases. VaultWare features automated content updates including current pricing and availability drawn directly from MRI Residential Management or a revenue management system, which results in consistent content across the client’s VaultWare-powered online advertisements. Additionally, the solution encourages prospective residents to begin the leasing process while the prospect is most engaged by allowing them to reserve a specific, currently available apartment that fits their needs. With many VaultWare client’s experiencing lease conversion rates as high as 25% for requests-to-hold of specific, currently available apartments, to 50% lead to lease conversion rates for pre-qualified apartment reservations, VaultWare is a powerful tool that generates easily apparent results.

“We have many exciting product enhancements in the works, and are happy that The Franklin Johnston Group recognizes the value in our commitment to improving the user experience,” said Patrick Ghilani, CEO of MRI Software. “Our products will greatly streamline their property management process.”

MRI Bostonpost is MRI’s industry leading affordable housing property management software. The solution can easily work with a variety of layered subsidy programs, including HUD, USDA, Tax Credits, HOME, and Public Housing. Additionally, the software has the potential to reduce Franklin Johnston’s administrative workload while simultaneously increasing the property’s compliance with any combination of affordable housing funding programs. Whether clients are managing properties with just project based vouchers, or properties rehabilitated with tax credit funding, or newer properties with complex layered funding, the Bostonpost system can manage everything within one user-friendly system.

For more information about MRI’s industry leading multifamily products, please 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 https://www.mrisoftware.com.

About The Franklin Johnston Group
The Franklin Johnston Group is a developer and manager of multifamily rental residences in the senior, luxury and affordable housing sectors. The company owns and manages more than 6000 units and 40 properties throughout the Eastern U.S. The Franklin Johnston Group portfolio is composed of its own properties as well as those owned in partnership with various individual and institutional investors. The company develops new properties and acquires and rehabilitates existing communities. Principals include Wendell Franklin, Tom Johnston, Taylor Franklin and Steve Cooper, with a combined experience of more than 100 years in the industry.