DUSSELDORF, Germany--(BUSINESS WIRE)--Deutsche Real Estate Funds (DREF) has selected Yardi Voyager® 7S, a fully automated property management and accounting platform, to manage its portfolio of residential and student housing. With a portfolio of 3,000 units DREF is the leading private owner and provider of student residential units in Germany.
Additional solutions will enable DREF to perform several key business operations within Yardi Voyager, a browser-agnostic, fully mobilised Software as a Service platform. For example, DREF will manage the financial aspects of its construction lifecycle with Yardi Construction Management™, a full-service job costing and receivables solution built into Yardi Voyager. Yardi Advanced Budgeting & Forecasting™ will use tenant lease data in Yardi Voyager to automate DREF’s budgeting, forecasting, valuations and modelling. Yardi Orion® Business Intelligence, a mobile-enabled platform, will give DREF a 360-degree view of its business.
“We have been investing 135 m. euros into student housing since June 2015 and building up a portfolio of 3,000 units. We now want to double this number until the end of next year. To handle this dynamic growth as efficiently and professionally as possible, we decided to cooperate with Yardi Voyager. They will help us streamline multiple processes to accelerate our growth, enhance services to our students while satisfying our bond investors,” comments Felix Bauer, CEO of Deutsche Real Estate Funds Advisor.
“We are extremely pleased that one of Germany’s leading experts in student housing and micro living has selected Yardi as their platform of choice to manage a complex and diversified portfolio,” said Neal Gemassmer, vice president of international for Yardi.
About Deutsche Real Estate Funds
Deutsche Real Estate Funds (DREF) is specialised in residential property investments with a particular focus on student housing and micro living. DREF covers the entire value-added chain from the selection of properties through financing to construction and modernisation as well as subsequent management. Founded in 2013 DREF now has a portfolio of 3,000 units making it the leading private provider and owner of student residential units in Germany. DREF creates and provides centrally located and high-quality en-suite units in the medium price segment. With the first bond issue to finance student housing, DREF also adopts a pioneering role in the financing of this sub-segment of the German real estate market. For more information, visit www.dref.de.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Residential Suite™, Yardi Commercial Suite™, Yardi Investment Suite™ and Yardi Orion® Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and services with portfolio-wide business intelligence and platform-wide mobility. Yardi serves clients worldwide from offices in Australia, Asia, the Middle East, Europe and North America. For more information, visit: www.yardi.de.