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Jeffrey Adler, Vice PresidentWhat they need is comprehensive, verified, and reliable data to make well-grounded decisions that go beyond guesswork—precisely the capability that Yardi Matrix offers. Whether it is equity investors, buyers, lenders, or property managers, the company helps each of these stakeholders bring clarity into their underwriting analysis and competitive benchmarking for making rational real estate investment decisions.
“Essentially, Yardi Matrix’s function is to bring more transparency in formerly opaque markets. We exist to save time and effort for investment professionals while also ensuring that they are making the right bets at the right time,” says Jeffrey Adler, vice president of Yardi Matrix. So, whenever an investment professional is underwriting or analyzing various investment opportunities, rather than having to manually gather and assess each and every disorganized bit of information regarding the properties, they can directly get the relevant insights regarding the commercial real estate market at their fingertips. As a result, they can seamlessly benchmark, predict, and compare the potential value from various investment opportunities in lesser time and with more precision. Beyond acquisition and underwriting, the insights provided by Yardi Matrix can also be leveraged for brokerage, loan origination, portfolio management and reassessment, and even property development.
A Market Intelligence Tool Made for Investment Professionals
Today, some of the most successful investment professionals across the U.S. leverage Yardi Matrix’s market intelligence tool to get comprehensive and reliable insights on multifamily, student housing, single family in build-to-rent communities, office buildings, industrial warehouses, and self-storage buildings.
Notably, the market intelligence tool covers more than 19 million property units, and billions of square feet of commercial properties, spanning across the country, in its database. As the tool is powered by independently collected and curated rent, occupancy, in-place loans, sales history, patented property improvement and location ratings, market forecasting, operational metrics, true ownership information, and supplemented with actual transacted rent/expense aggregated and anonymized data from over 10 million multifamily units running the Yardi operating platform, it provides a bird’s eye view for investment professionals to gain all necessary information to choose the property that is likely to yield the most returns. “Clients can rest assured that their investment decisions will be based on intelligent insights derived from validated historical data at both micro and macro levels rather than just the surface level information regarding the properties,” says Adler. Moreover, all the information in Yardi Matrix’s database is continuously updated, curated, and cleansed to reflect the latest conditions of the properties. In case any of the data needs further verification, the experts at Yardi Matrix manually collect the additional information regarding the properties and update it in their database.
Another striking benefit of Yardi Matrix’s market intelligence tool is its engaging user interface. Rather than being presented as flat reports, the insights are offered in the form of interactive information models, which allow for better visualization and understanding. As a result, investment professionals who often spend hours trying to comprehend intricate reports can now complete their underwriting or benchmarking tasks in a matter of minutes.
Illuminating the Path to Client Success
Getting used to Yardi Matrix’s market intelligence tool and leveraging its comprehensive insight tools is easy. Users can directly log into the tool from their desktop/laptop browsers or access it through Android or iOS applications on their phones. With its free, unlimited product training, users can quickly get accustomed to the different options and functions of the tool. Even if users need help in understanding the various data models and toolkits for their specific tasks, Yardi Matrix’s customer support is always on standby to provide assistance anytime they need it.
Owing to these capabilities, many of Yardi Matrix’s clients have been able to achieve significant returns on their investments. A case in point is a multifamily property lender who was on edge about investing in the construction of a new facility in downtown Austin, TX, during the onset of the COVID-19 pandemic. Since there was tremendous uncertainty surrounding the real estate, the client’s advisor was doubtful about the investment opportunity. But the client, wanting a second opinion, reached out to Yardi Matrix. “When we referred to our data and drew an analysis based on a multitude of factors, including location, migration pattern, etc., it showed that the investment would potentially yield good returns in the future,” says Adler. Yardi Matrix’s analysis turned out to be correct, as the client has now already begun witnessing substantial returns on this investment.
This is but one of the many success stories that the company has penned over the years. For the time being, the company will focus on the U.S. market, continuously updating and enriching its database for the benefit of its clients. “As the impediments of the pandemic alleviate further and investment professionals revamp their efforts, we will be ready to equip them with the latest insights regarding the property market and make more accurate investment decisions,” concludes Adler.
Company
Yardi Matrix
Management
Jeffrey Adler, Vice President
Description
Yardi Matrix offers the industry’s most comprehensive market intelligence tool for investment professionals, equity investors, lenders, and property managers who underwrite and manage investments in multifamily, single family in build-to-rent communities, student housing, self-storage, industrial and office property types. The company provides free nationwide market and institutional research reports that leverage property-level details of for all the property types it covers.. It uses the data in the Yardi property management system stack to create aggregated and anonymized operating expense, revenue, and operational metric data that improves underwriting analysis and competitive benchmarking. Beyond acquisition and underwriting, the insights provided by Yardi Matrix can also be leveraged for brokerage, loan origination, portfolio management and reassessment, and even property development
Yardi Matrix News
Moderated 2023 Outlook for Multifamily Anticipated by Yardi Matrix
Yardi to Unveil New Products at NARPM Annual Convention
See the latest Yardi solutions and get a free tech evaluation at booth 302
SANTA BARBARA - Yardi is proud to return as an official partner and hotel key card sponsor of the 2023 NARPM Annual Convention, taking place Oct. 16-19, 2023, at the Omni CNN Center in Atlanta, GA. As a leading provider of property management software and real estate solutions, continuous innovation has been key to Yardi's continued success.
Yardi is proud to return as an official partner and hotel key card sponsor of the 2023 NARPM Annual Convention, taking place Oct. 16-19, 2023, at the Omni CNN Center in Atlanta, GA. (PRNewsfoto/Yardi)
This year, the company plans to showcase some of its latest releases, including ID Verify for Yardi Breeze and Yardi Breeze Premier. As an optional module to accompany Yardi's resident screening solution, ScreeningWorks Pro, ID Verify takes fraud prevention a step further by utilizing a combination of artificial intelligence and computer vision to verify renter identification documents.
In addition to some new tech offerings, Yardi will be sharing its current promo for Yardi Breeze Premier. For a limited time, clients can lock in Breeze Premier at 50 percent off the standard price per residential unit per month when they sign an annual agreement and adopt Yardi's resident screening and renters' insurance bundle. The price reduction takes the monthly cost per residential unit down to just $1.
Attendees are invited to stop by booth 302 for demos of Breeze Premier, ID Verify and more. Company representatives will be available to discuss the latest pricing and help customers find a plan that best fits their business.
Not going to NARPM Annual Convention? Watch a webinar to learn more about affordable all-in-one software for residential property managers.
SANTA BARBARA - Yardi is proud to return as an official partner and hotel key card sponsor of the 2023 NARPM Annual Convention, taking place Oct. 16-19, 2023, at the Omni CNN Center in Atlanta, GA. As a leading provider of property management software and real estate solutions, continuous innovation has been key to Yardi's continued success.
Yardi is proud to return as an official partner and hotel key card sponsor of the 2023 NARPM Annual Convention, taking place Oct. 16-19, 2023, at the Omni CNN Center in Atlanta, GA. (PRNewsfoto/Yardi)
This year, the company plans to showcase some of its latest releases, including ID Verify for Yardi Breeze and Yardi Breeze Premier. As an optional module to accompany Yardi's resident screening solution, ScreeningWorks Pro, ID Verify takes fraud prevention a step further by utilizing a combination of artificial intelligence and computer vision to verify renter identification documents.
In addition to some new tech offerings, Yardi will be sharing its current promo for Yardi Breeze Premier. For a limited time, clients can lock in Breeze Premier at 50 percent off the standard price per residential unit per month when they sign an annual agreement and adopt Yardi's resident screening and renters' insurance bundle. The price reduction takes the monthly cost per residential unit down to just $1.
Attendees are invited to stop by booth 302 for demos of Breeze Premier, ID Verify and more. Company representatives will be available to discuss the latest pricing and help customers find a plan that best fits their business.
Not going to NARPM Annual Convention? Watch a webinar to learn more about affordable all-in-one software for residential property managers.
Student Housing Preleasing, Rent Growth Decelerated in July, Reports Yardi Matrix
Colleges and universities tracked by Yardi reached an average of over 89 percent preleased beds percent in July, falling slightly behind last year
SANTA BARBARA - Surveyed preleasing at Yardi 200 schools hit 89.2 percent in July, down slightly from 2023's performance, while rent growth reached 4.7 percent, according to the latest Yardi® Matrix National Student Housing Report.
In July, the student housing sector was still five percent behind Fall 2023 occupancy levels. While surveyed preleasing has seen a slowdown this summer, 41 universities have already exceeded Fall 2023 occupancy levels.
As of July, the average advertised asking rent per bed reached $897 at Yardi 200 schools, marking a 4.7 percent increase year-over-year. Across Yardi 200, 36 universities recorded at least 10 percent rent growth in July, while 34 schools were below last year's levels. Markets boasting high rent growth tended to also demonstrate strong enrollment growth.
"Rents have remained flat for the last five months and rent growth has dropped from close to seven percent early in the leasing season as preleasing pace has slowed," state Matrix analysts.
Gain more insight in the new Yardi Matrix National Student Housing Report.
Yardi Matrix offers the industry's most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, affordable housing, student housing, vacant land, industrial, office, retail and self storage property types. Email matrix@yardi.com, call 480-663-1149 or visit yardimatrix.com to learn more.
SANTA BARBARA - Surveyed preleasing at Yardi 200 schools hit 89.2 percent in July, down slightly from 2023's performance, while rent growth reached 4.7 percent, according to the latest Yardi® Matrix National Student Housing Report.
In July, the student housing sector was still five percent behind Fall 2023 occupancy levels. While surveyed preleasing has seen a slowdown this summer, 41 universities have already exceeded Fall 2023 occupancy levels.
As of July, the average advertised asking rent per bed reached $897 at Yardi 200 schools, marking a 4.7 percent increase year-over-year. Across Yardi 200, 36 universities recorded at least 10 percent rent growth in July, while 34 schools were below last year's levels. Markets boasting high rent growth tended to also demonstrate strong enrollment growth.
"Rents have remained flat for the last five months and rent growth has dropped from close to seven percent early in the leasing season as preleasing pace has slowed," state Matrix analysts.
Gain more insight in the new Yardi Matrix National Student Housing Report.
Yardi Matrix offers the industry's most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, affordable housing, student housing, vacant land, industrial, office, retail and self storage property types. Email matrix@yardi.com, call 480-663-1149 or visit yardimatrix.com to learn more.
Last year, U.S. rents increased by 6.4 percent after peaking near 16 percent in 2021, according to Yardi Matrix. Those were record figures, the highest seen in a century. The 2022 increase is expected to drop by half this year.
"All eyes are on interest rates and how quickly inflation recedes. Economic growth will likely wane in the second half as the impact of rapid rate hikes take effect," states the outlook. "This year we foresee rent growth dropping in half to 3.1 percent as demand lessens and deliveries remain high."
Demand is decreasing due to less renter migration, a dip in new household formation and declining affordability. Meanwhile new units are coming online nationwide. The forecast calls for 440,000 new deliveries in 2023, a stock increase of 2.9 percent.
Deliveries will be concentrated in fast-growing markets, including Dallas, Austin, Charlotte, Nashville and Orlando. However, starts are expected to decline due to rising construction costs, a shortage of construction workers and planning/permitting delays.
Gain more insights on the industry in the full report.
Yardi Matrix offers the industry's most comprehensive market intelligence tool for investment professionals, equity investors, lenders and property managers who underwrite and manage investments in commercial real estate. Yardi Matrix covers multifamily, student housing, industrial, office and self storage property types. Email matrix@yardi.com, call (480) 663-1149 or visit yardimatrix.com to learn more.