Investment Management Brochure

YARDI Investment Management
TM
A solution that fully automates the real estate asset and investment
management lifecycle and helps drive investor value.
Investment Management
Key Benefits
»»
Structure, scale and grow business without additional headcount
»»
Enable faster execution of investment strategies
A solution that fully automates the real
estate asset and investment management
lifecycle and helps drive investor value.
and increased productivity by eliminating
spreadsheets and time-intensive functions
»»
Mitigate investment risk, maximize asset value and
enable better-informed decision-making with intelligent
property and asset performance analytics
»»
Enhance investor services and nurture client relations
with accurate, on-demand investor reporting
distributed through email or investor portals
»»
Measure performance by assessing detailed portfolio
analytics against internal KPIs and industry benchmarks
»»
Enhance transparency, data governance, compliance and back
office due diligence with automation, security and data integrity
Yardi | 1
YARDI Investment Management
TM
Yardi Investment Management ensures your entire
investment accounting, performance measurement, and
investor reporting cycle is automated, reducing costs
and increasing operational efficiencies. This can be a
standalone solution or used as part of the Yardi Voyager
suite of products for investment and fund managers.
®
Automated Lifecycle
Fully automate investment accounting, performance
measurement and investor reporting and enable
managers to make better, faster, more informed
decisions to benefit their clients and stakeholders. Help
deliver enhanced investment performance and returns
through improved, competitive services to clients and
increased analytical capability. Greatly reduce period-end
close times and reporting cycle times and reduce risk
through compliance monitoring and enhanced business
intelligence.
Informed Risk Mitigation
Web-based financial, portfolio, performance, and
revenue analytics help identify investor exposure to
invested and committed assets according to attributes
such as region, sector, investment type and fund
strategy. Yardi Investment Management has access to
actual budget and forecast data for continual variance
analysis and asset or portfolio-level sensitivity.
Enhanced Investor Reporting
Investors
Investor 1
Investor 2
Compliance
Preferred Returns
Investor 3
Forecasting
Risk
Distributions
IRR
Tax Rules
GIPS/IPD
Multiple Entities
FUND
Open Funds
Multi GAAP
Budgets
Property 1
Closed Funds
Financials
Units
Property 2
Leases
Property 3
Yardi Investment Management allows you to utilize real-time investment accounting and operational data to
deliver unrivaled investor services. Deliver highly accurate investor reporting utilizing a single source of data
to enable the timely delivery of detailed, reliable information to your clients. Leverage the automation of
analytics and consolidation of financial reporting direct from your operational data to deliver greater efficiency,
compliance, mitigation of risk and provide the transparency to ensure that for every contribution investors
commit, you instill confidence.
Manage Complex Structures
Yardi Investment Management delivers a unique investment accounting solution that will help you manage
your ownership structures, no matter how simple or complex. Yardi Investment Management enables both
large and small investors and administrators to deliver entity-level accounting and generate statutory reporting
direct from the system. With a fully automated consolidation process you can easily manage the horizontal
and vertical complexities associated with numerous entities and multiple levels between funds and assets to
deliver end-of-period closing with greater efficiency, and much less risk.
Yardi Investment Management offers an investment accounting solution for a wide range of entities and
investment structures, including:
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Funds
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Special Purpose Entities
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Fund of Funds
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Holding Companies
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REITs
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Debt Entities
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Private Equity Performance Measurement
Properties/Assets
2 | Yardi
Yardi | 3
Yardi Report
YARDI Investment Management
_____________________________________________________________________________________________________________________________________________
TM
Key Features
Supplemental Schedule:Portfolio Executive Summary
American Real Estate Fund I, LLC
Executive Summary - Firm and Fund Level Data
December 2012
Performance Measurement
Automate analysis and submission of NCREIF, IPD and
GIPS performance metrics. Compare your portfolio
investment performance to industry benchmarks and
internal KPIs through a rich set of real-time analytics
for leveraged, unleveraged and time-weighted income
and appreciation returns. Add user-defined attributes
to the portfolio comparison to evaluate geographical,
operational and investment indicators, providing
improved clarity and accuracy when determining the
market value of your assets.
On-demand
Reporting
General Partners
September 17, 2013
Leverage centralized
investment data to automate the 13
Assets Under Management
Active Funds
3
preparation and
distribution
of fund statements and
Active Portfolio Companies
3
investor-specific statements, capital call notifications and
American Real Estate Fund I, LLC
investor funding
requests.
Give
fund) managers timely,
Total Commitments
(Commenced
at Jan-2011
$90,000,000.00
Total Drawdowns Since
Inception
$900,000,000.00
complete information
about
investment performance.
Remaining Commitments
($810,000,000.00)
Generate capital call emails to any number of investors
Total Number of Investments Since Inception
and post them
on
an investor portal. Create quarterly 3
No of Portfolio Companies
fund statements and investor statements that provide
Total Distributions
$90,000,000.00
information in graphical
form.
% of Total Drawdowns
1000.00%
% of Commited Capital
Complete Transparency
Yardi Investment Management has been uniquely
designed to auto-calculate returns and investor
Total Drawdowns Since Inception
Remaining Commitments
distributions
on deals that use complex incentive
structures such as preferred returns, waterfall
distributions, promotes and hurdles. Yardi Investment
Management enables you to:
Achieve an unsurpassed level of transparency, made possible by the Yardi Investment Management
centralized data platform. Questions regarding underlying transaction data are quickly answered by drilling
down to the operating data in Yardi Voyager. In addition, a full array of detailed reports provides a complete
audit trail.
47%
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Quickly
calculate
53% accruals and distributions
with multiple IRR hurdles
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Determine hypothetical liquidation values for
accurate unrealized gain/loss on investments
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Compute multiple allocation splits within Limited
Partnership and General Partnership groupings
24.00%
Key Fund Valuation Metrics
DPI (Distributions to paid-in capital)
RVPI (Recidual Value to paid-in capital)
TVPI (Total Value to paid-in capital)
Incentive Structures
10.00
12.50
13.70
Historical Fund Performance (TVPI)
80
Year-End
70
60
50
75
2009
2010
2011
2012
TYPI
64
54
64
54
40
30
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Achieve single-system integration with a centralized data platform
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Reduce manual effort by eliminating third-party interfaces
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Get real-time data down to the property level to make confident decisions
Centralized Information
Yardi Investment Management can access operating data in real time from your Voyager database to
automate all investment calculations, transactions and reporting, and can also be used as the central data
warehouse to consolidate information from multiple disparate systems. Utilize our extract, transform and
load toolset to generate nightly property management portfolio data, regardless of platform.
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Predefined mapping to other property management databases
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Automated loads
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Error checking with email notification
32
75
®
TVPI
»»
Easily manage complex hierarchies
and deal structures
»»
Produce detailed, accurate
performance and returns analysis
»»
Get real-time data down to the property
level to make confident decisions
»»
Manage multiple currencies, languages,
accounting methods, and tax rules
»»
Attain top-to-bottom transparency
with complete drilldown capability
»»
Automate complex consolidations
and equity rollups
»»
Quickly calculate preferred returns
and waterfall distributions
»»
Achieve true, single-system
integration with centralized data
32
20
10
0
2009
2010
2011
2012
Portfolio Breakdown (By Invested Capital )
By ARE MSA
By Property Manager
San Diego-Carlsbad-San Marcos, CA MSA
Los Angeles-Long Beach-Santa Ana, CA MSA
Long Beach Office Park
Airport Plaza
Elm Street Offices
27%
30%
43%
70%
4 | Yardi
30%
Yardi | 5
Leading Business-Wide
Real Estate Management
Software and Services
At Yardi our mission is to provide our clients with superior products and
outstanding customer service, while we take care of our employees
and the communities where we work and live. With that commitment,
Yardi leads the industry in providing full business software solutions
for real estate investment management, property management,
financial accounting, asset management, and ancillary services.
Organizations like yours have been using our proven and
mature software with confidence for decades.
Yardi Systems, Inc. 430 South Fairview Avenue, Santa Barbara, California 93117
phone: +1 800 866 1144 | email: [email protected] | www.yardi.com
© 2014 Yardi Systems, Inc. All rights reserved. All other trademarks are the property of their respective owners.
Printed on recycled paper.
IM-8PG-11x8.5 06/24/2014