SANTA BARBARA, Calif.--(BUSINESS WIRE)--
Vancouver, British Columbia-based City Office REIT (NYSE:CIO) will adopt Yardi Voyager® as the new property management and accounting platform for 15 office complexes it owns in five U.S. states.
“Our property management partners can use our version of Voyager, so we no longer have to rely on an older legacy solution. Instituting Voyager 7S as City Office’s single technology platform will give us direct, immediate access to lease and accounting information that we previously received only monthly. We can operate in a more unified fashion than was previously possible,” said Anthony Maretic, chief financial officer, secretary and treasurer for City Office REIT.
“The transparency and mobility enabled by Voyager will be key factors in City Office REIT’s strategy of maintaining quality office properties in high growth markets. Efficiently managed properties supported by this end-to-end business platform will help the company attract high-quality, long-term tenants,” said Peter Altobelli, vice president of sales and general manager for Yardi Canada.
About City Office REIT
City Office REIT is an internally managed real estate company focused on acquiring, owning and operating high-quality office properties located in leading markets in the southern and western United States. City Office currently owns or has an interest in 3.5 million square feet of office properties. Additional information about City Office is available on the company’s website at www.cityofficereit.com. The company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.
About Yardi
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit www.yardi.com.
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