Investment manager to utilise cloud-based solution to
streamline processes and help manage mixed portfolio
RIYADH,
Saudi Arabia, June 15,
2023 /PRNewswire/ -- Awqaf Real Estate Management
& Services (ARMS), has selected Yardi® as its property
management and investment platform.
ARMS will implement solutions from Yardi's end-to-end platform,
including the Yardi® Commercial Suite and Yardi Residential Suite.
Yardi's single platform will help ARMS manage I ts mixed portfolio,
improve visibility into its data, allow for easier budgeting and
forecasting and remove the need for disparate systems. Yardi will
also centralise operational, financial, leasing and maintenance
management for its portfolio in a single database, helping ARMS
with its goal of achieving the highest levels of governance and
internal control.
"By leveraging Yardi's technology, we can enhance our portfolio
management capabilities and effectively achieve our goal of
optimising real estate portfolio performance," said Thear Alajmi, Director of Company Branches and
Customer Services for ARMS. "Yardi's end-to-end solution
provides everything in one platform, which will allow us to save
time and move away from manual processes so we can provide the best
interest to the endowments managed by ARMS."
"Yardi's cloud-based solution provides a central location for
ARMS to manage complexities, gain better reporting and see a clear
overview of all properties within its mixed portfolio," said
Neal Gemassmer, vice president of
international for Yardi. "It is great to see Yardi continue to
grow and help clients in Saudi
Arabia and we look forward to working with ARMS."
See how Yardi can help you achieve your goals for property
management with our award-winning, end-to-end solution.
About ARMS
ARMS, a subsidiary company of Awqaf Investment Company "AIC" the
investment arm of the General Authority for Awqaf "GAA", work to
develop investment mechanisms for endowments managed by GAA,
diversify the investment portfolio, and develop the investment
strategy through the management and operation of endowments
affiliated to GAA; real estate investment and development of
endowments for the benefit of the endowment or GAA; and investment
in securities through the management of portfolios and funds. For
more information, visit awqaf.com.sa.
About Yardi
Yardi® develops industry-leading software for all types and
sizes of real estate companies across the world. With over 8,500
employees, Yardi is working with our clients to drive significant
innovation in the real estate industry. For more information on how
Yardi is Energised for Tomorrow, visit yardi.ae.
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