Harbor Group International Expands Use of VaultWare Apartment Reservation System Across its Residential Portfolio

Cleveland, OH – Harbor Group International, a real estate management and investment firm, has utilized MRI for four years to manage over 10.5 million square feet of properties. Satisfied with the robust reporting capabilities of MRI Residential and Commercial Management, and appreciative of the decreased IT concerns initiated by MRI Software-as-a-Service, the business will expand its partnership with MRI to include VaultWare Apartment Marketing

MRI’s VaultWare Reservation System is a leading apartment availability and reservation solution designed to give multifamily property managers complete control over when, where, and how their available apartment inventory is marketed online. Providing consumer-centric apartment marketing, leasing and market analysis capabilities, the solution is focused on delivering an ideal online shopping experience for potential clients. This results in streamlined operations, highly qualified leads and most importantly, more leases.

“After working closely with Harbor Group International for several years, we are happy to further streamline their property management process by implementing VaultWare,” said Patrick Ghilani, CEO at MRI Software. “The software’s automatic market surveys will enable them to maintain their competitive edge within the constantly changing real estate industry.”

VaultWare also features automated content updates including current pricing and availability drawn directly from their property management software, which creates consistent content across the client’s VaultWare-powered online advertisements. Additionally, the solution entices prospective residents to begin the leasing process by allowing them to reserve a specific, currently available apartment that fits their needs. Clients can even choose to enable online pre-qualification using their resident screening provider, resulting in leads that convert to leases up to 50% of the time. In fact, every year more than 15 million apartment hunters use VaultWare to help them find their perfect residence.

For more information about MRI’s industry leading products, please visit our website.

About MRI Software
MRI offers property management software solutions to the global property 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, please visit https://www.mrisoftware.com.

About HGI – Commercial Real Estate Investing
Harbor Group International, with a portfolio valued at approximately 3.8 billion, has been acquiring properties for profitable commercial real estate investing since 1990. HGI currently owns more than 10.5 million square feet of commercial properties and in excess of 24,500 apartment units.

The Peterson Companies Begins Long Term Contract with MRI Software

Cleveland, OH – The Peterson Companies, a full service, Virginia-based real estate management and development company, has taken advantage of various MRI products for several years after expanding their relationship to include Commercial Management and MRI’s intuitive Web platform, Peterson recognized the value in committing to a long term partnership with MRI Software.

“Peterson Companies has utilized MRI products for almost 20 years and as our portfolio has expanded, so too has our relationship with MRI,” stated Claudia Sensi, Chief Financial Officer, Peterson Companies. “We are honored to have served as President of the MRI Users Group for the Mid-Atlantic Region and appreciate the collaborative relationship we have developed with MRI.”

MRI Commercial Management (CM) is an award-winning property management solution that features a robust accounting package, automation capabilities, highly configurable reports, and much more. The solution is intended to maximize the profitability of Peterson’s investments and operations by increasing efficiencies and reducing overall operating costs. Furthermore, the automation capabilities reduce the likelihood of human data entry error, saving valuable time and alleviating business risk. By analyzing and providing precise information, users are able to make more informed decisions and better optimize their business.

“The Peterson Companies have been a dedicated client of ours for several years,” said Patrick Ghilani, CEO at MRI Software. “We are thrilled that they recognize the value in our products and trust in the future direction of our company. We could not be more excited to be partnering with The Peterson Companies for the long-term.”

In order to maximize their experience with the MRI system, Peterson will leverage MRI’s upgraded Web platform. MRI WebDesign is a solution that empowers users to configure their MRI system to meet their company’s specific business needs. For example, the solution provides additional customization capabilities such as the ability to quickly create or configure Web pages without having to code any HTML or CSS by hand. Best of all, the business will enjoy a modern interface with intuitive menu navigation, dashboard views for increased visibility to property and portfolio level performance, and time saving automation capabilities such as the ability to email resident statements or schedule reports to run automatically.

For more information about MRI’s property management solutions, visit our website.

About MRI Software
MRI offers property management software solutions to the global property 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, please visit https://www.mrisoftware.com.

About The Peterson Companies
Peterson Companies is one of the largest privately owned real estate development companies in the Washington, DC region and offers fully-integrated development and management services for commercial, office, residential and retail real estate. The company is responsible for some of the most prominent and successful mixed-use retail, residential and office developments in Northern Virginia and Maryland including National Harbor, Virginia Gateway, Downtown Silver Spring, RIO Washingtonian, Fairfax Corner, Fair Lakes, Burke Centre and Tysons McLean Office Park. Founded by Milt Peterson over 30 years ago, the company has an extensive two million square foot development pipeline throughout the Washington, DC region. For more information about the company, please visit http://www.petersoncos.com.

Abacus Property Group Adds MRI Web with Viewpoint and Begins Long-Term Contract With MRI Software

Cleveland, OH – Abacus Property Group has been a satisfied MRI client for many years. After experiencing the high quality of MRI products and services and getting a glimpse of the upcoming product roadmap, Abacus decided to partner with MRI for the long-term and further invest in their existing property management software structure to include MRI Web and MRI Viewpoint.

“We are very satisfied with the quality of MRI’s product and client service,” explained Rob Baulderstone, CFO at Abacus Property Group. “We are ready to heighten our software configuration with the addition of these two highly configurable solutions.”

With the Web-based version of MRI, Abacus Property Group will now be able to access their crucial information from anywhere with a working Internet connection. Incorporating enhanced functionality with the convenience of any time access, the business will also enjoy a modern interface with user-friendly menu navigation. Best of all, MRI Web provides dashboard views for increased visibility to property and portfolio level performance as well as time saving automation capabilities such as the ability to email resident statements or schedule reports to run automatically.

“We have many exciting enhancements and additional functionality in store for the APAC region,” explained Patrick Ghilani, CEO at MRI Software. “After a decade and a half using our software, we are thrilled that Abacus Property Group has decided to formally begin a long term relationship with us.”

MRI ViewPoint is a powerful browser-based information system that allows clients to bring together all of their property management information. Abacus will be able to quickly and easily configure how they review data by creating executive dashboard views and configure reports, tables, queries, and other special functions. Moreover, Viewpoint includes drill-down queries, alerts, user defined events, in-depth analysis, and benchmarking tools to effectively analyze data. The result is superior control over day-to-day operations and concise, accurate intelligence to support long-range strategic planning.

For more information about MRI’s commercial solutions, 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 Abacus Property Group
Abacus Property Group is a diversified property group that specialises in investing in core plus property opportunities across Australia’s commercial property markets. Abacus was established in 1996 and was listed on the ASX in November 2002. Abacus has achieved a successful track record of acquiring property based assets and actively managing those assets to enhance income and capital growth.

MRI Software Appoints Marc DiCapua and Charles McDowell to Senior Leadership Team

Cleveland, OH – MRI Software, a leading provider of real estate software solutions, announced today the appointment of Marc DiCapua to Vice President, Global Client Support & SaaS Service Center, and Charles (Chuck) McDowell to Vice President, Global Professional Services & Client Experience. In these executive positions, DiCapua and McDowell will champion the operations within MRI that are focused on providing and expanding upon the highest quality client experience around the globe.

“I am quite pleased to welcome both Marc and Chuck to the Senior Leadership Team of MRI,” said Patrick Ghilani, Chief Executive Officer at MRI Software. “As successful company veterans, their appointment represents the consistency and experience that our employees, clients, and partners will certainly benefit from. I have great confidence in each of their abilities to further strengthen MRI’s commitment to providing the most innovative and flexible products and services in the market.”

About Marc DiCapua
As an MRI veteran of 17 years, Marc DiCapua has held leadership positions within various areas of the organization, including Product Management, where he helped drive the strategic development of MRI’s Commercial Management, Foresight, and Accounts Payable product lines, and within Professional Services, where he led implementations of many of MRI’s largest institutional clients. Prior to MRI, Marc worked as Manager of MIS at The Yarmouth Group, a subsidiary of Lend Lease Corporation, where he implemented a full suite of networking technologies, as well as the MRI Property Management and Accounting Applications across their entire portfolio. Marc began his career as a Staff Accountant with Northern Lake Properties, a real estate investment and property management company. Marc attended the University of Toledo in Ohio.

About Chuck McDowell
Since joining the MRI consulting team in 2007, Chuck McDowell has held a number of key leadership positions focused on providing clients with innovative and high quality implementation and training services. Chuck has led a number of major initiatives within MRI, including the creation of the MRI Enterprise Learning Library (MELL), the development of our Client Experience Program, and managing some of the largest implementations in the company’s history. With over 20 years of experience in enterprise software and professional services, Chuck has spent the majority of his career working in the real estate market within all major sectors across the globe. Prior to joining MRI, Chuck was a long-tenured management consultant with Capgemini (formerly Ernst & Young) where he focused on leveraging both software technology and process improvement to deliver solutions to the global real estate industry. Chuck holds a Bachelors of Business Administration (Accounting) from Kennesaw State University in Georgia.

For more information about MRI Software, visit our website.

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

Heritage Court Apartments Begins Relationship with MRI Software’s Bostonpost Affordable Housing Solution

Cleveland, OH – Heritage Court, an Ohio based housing provider, was looking for software that would maximize compliance with their affordable housing funding programs while streamlining their property management processes. After learning of MRI’s Bostonpost Property Manager, Heritage Court recognized the value of the intuitive, user-friendly property management solution.

“We have been impressed with MRI’s product and professionalism from the start,” said Trish Woodard, Manager at Heritage Court Apartments. “When they demonstrated how Bostonpost blocks users from moving in residents that don’t qualify based on funding program requirements to ensure continued compliance, we knew it would be a valuable asset to the business.”

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 Heritage Court’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.

“Bostonpost was specially designed to handle compliance requirements for any combination of affordable housing funding sources, simplifying the management and reducing the administrative workload for Heritage Court Apartments’ portfolio,” explained Stephen Baker, Vice President of Product Management at MRI Software. “We are excited to partner with them to help ensure they are able to streamline their portfolio management processes and maximize program compliance.”

Moreover, Bostonpost takes the confusion out of selecting applicants to move into a unit. The built-in smart wait list feature assures that only eligible applicants will be selected for move in or transfer, based on the criteria of the funding programs that are in place. Additionally, Bostonpost includes comprehensive invoice processing and maintenance tracking to ensure the financial accuracy of Heritage Court’s data. In one application, the company will have everything needed to automate, monitor, and streamline their property management operations.

For more information about MRI Bostonpost, 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 Heritage Court
Heritage Court Apartments is located in Cambridge, OH and is a 33 year old facility. It is Section 8 housing for the elderly and disabled and has 40 one bedroom (non smoking) ground level units. We have a community center where we hold monthly covered dish dinners, special events and Bible study for our tenants. We are looking forward to working with MRI software.

MRI Software Secures Two Prestigious Commercial Real Estate Awards for the Second Consecutive Year

Cleveland, OH – MRI Software is proud to announce it was recognized with two 2014 Tops in Technology Awards by Commercial Property Executive (CPE), a leading resource for those that own, develop, or manage commercial real estate properties.

CPE determined the nominees for each of the twelve categories by researching industry statistics and each company’s product suite functionality. The number of nominees for each award ranged from six to thirty contenders, and participants were asked to choose the candidate that best exemplified the criteria for each award, ranking the entrants on qualities such as “Best Features/Functionality,” “Greatest Ease of Use/Implementation,” and “Best Pricing/Value.” At the end of the process, the organizations with the most votes were awarded the title.

“These companies stand out for their ability to provide flexible customization, competitive pricing, and the most innovate solutions, all backed by superior customer support,” wrote Dan Waldman, publisher of Commercial Property Executive’s monthly magazine. “Congratulations to our 2014 winners, for all they do to show the commercial real estate industry the many ways technology has a positive impact on our day-to-day as well as long-term business!”

MRI Software takes pride in offering robust, flexible solutions that help our clients increase efficiencies and maximize profitability. MRI Commercial Management (CM) is a completely integrated system that includes a powerful accounting engine, automation capabilities and some of the most robust, configurable reporting capabilities in the industry. By analyzing and providing precise information, users are able to better optimize their business by making more informed financial decisions, making CM an invaluable asset.

“We are very pleased to win these awards for the second year in a row and we sincerely appreciate the support from our clients,” said Patrick Ghilani, CEO of MRI Software. “These awards are meaningful because they recognize our efforts to improve the overall client experience and reaffirm our commitment to remaining innovative and at the forefront of the property management software industry.”

For more information about MRI Software, 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.

Cougar Software Partners with MRI Software to Combine Solutions and Better Serve Global Clients

Cleveland, OH – Cougar Software, the leading provider of financial modeling solutions for real estate investors, will be partnering with MRI Software and integrating its highly acclaimed portfolio management solution with MRI. As the latest addition to the ever expanding MRI Partner Connect program, Cougar Software’s modular range of scalable solutions helps real estate investors forecast the profitability of their property portfolio to meet their investment goals. Both companies will diligently work side-by-side over the coming months to develop a comprehensive exchange of information between their software. This easy integration will further improve MRI clients’ overall experience, all while empowering clients with the configurable reporting capabilities and detailed data examination that are crucial to succeeding in the real estate investment industry.

“We believe this partnership offers our mutual clients, and the real estate industry the strongest possible end to end solution on the market today,” said Oren Rosen, Chief Executive Officer, Cougar Software. “We have always had a strong relationship with MRI and we are excited to continue our work together.”

“We are very excited that Cougar Software has opted to join our best-of-breed partner network,” said Patrick Ghilani, Chief Executive Officer at MRI Software. “Cougar’s ability to provide the type of complex data analysis required by many real estate investors will be an indispensable asset to our mutual clients.”

Cougar Software will join MRI as part of the MRI Partner Connect program, an industry-leading endeavor that facilitates MRI’s unique go-to-market strategy. The program is focused on providing MRI’s and its partners’ mutual clients with the ability to leverage best-of-breed solutions alongside MRI’s award-winning real estate management products. MRI selects market-leading solutions in business-critical areas for their clients, and then cements firm business partnerships with those companies. The program is focused on structuring relationships and integrations for mutual clients that offer a high confidence, low risk solution to property and investment management processes. The Partner Connect Program is a prime example of MRI’s commitment to powering maximum flexibility for their clients.

For more information about Cougar Software, visit www.cougarsoftware.com or contact Sharon Miller (sharon.miller@cougarsoftware.com).

For more information about the MRI Partner Connect program, 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.

About Cougar Software
Founded in 1992 and serving clients worldwide, Cougar Software provides the only financial modeling solutions real estate investors need for budgeting, planning and forecasting. Cougar counts among its customers several of the world’s leading property management and investment companies, pension plans and REITs, spanning 27 countries. Cougar is a privately held company with offices in Canada, Australia, the United Kingdom and the U.S.A. For additional information visit: www.cougarsoftware.com

Allegiancy Switches to MRI Budgeting & Forecasting

Cleveland, OH – Allegiancy, a Virginia based company specializing in commercial real estate management, has utilized MRI’s property management solutions for several years. After learning of the easy integration and recoveries functionality that Budgeting & Forecasting offered, Allegiancy realized the added benefits of adding the software to their array of MRI solutions.

MRI Budgeting & Forecasting will leverage the property and accounting data already present in Allegiancy’s MRI system to easily view historical data and make financial outcomes more predictable. The solution runs on an easy to use Web-based interface featuring vivid graphic displays and multiple views, empowering users to quickly navigate within the software. Additionally, workbook functionality facilitates collaboration while maintaining user security and data integrity.

“Budget controls and strategic planning are crucial activities for our clients and MRI Budgeting & Forecasting provides the critical visibility and insight our clients need,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Moreover, the product is intuitively designed for ease of use, allowing for quick adoption and the ability to easily build budgets with a higher degree of accuracy.”

Budgeting & Forecasting also includes the highly sought after recoveries functionality, allowing the budgeting team to quickly incorporate those important expenses and associated recoveries in to their budgets and forecasts. Users have the ability to lock and unlock specific accounts, edit expense pools, and adjust estimates directly within MRI Budgeting & Forecasting. This critical functionality is one of the primary reasons that the adoption rate of the Budgeting & Forecasting product has continued to increase.

For more information about MRI Budgeting & Forecasting, 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 Allegiancy
Allegiancy has a rigorous and systematic approach to acquiring and managing commercial real estate properties. We are actively involved in aggressively marketing the property, leasing, property maintenance and renovations, capital expenditures. Allegiancy’s supervision of every aspect of property operation protects the owner’s capital, controls expenses and grows the property income stream. Allegiancy knows Commercial Real Estate.