RICHARDSON, Texas, (February 6, 2017) – RealPage, Inc. (NASDAQ:RP), a leading provider of global software and data analytics to the rental real estate industry, announces that Harbert Management Corp. (HMC), a global investment firm that has been identifying strategic real estate investment opportunities for institutional investors for over 20 years, has chosen RealPage’s Portfolio Asset Management (PAM) solution to provide daily performance insights and executive reporting across its portfolio of 70 diverse property assets owned by its US Real Estate and Seniors Housing portfolios.
“With over a dozen operators using different accounting systems, we looked at a number of solutions that could quickly aggregate the data, deliver KPIs and generate on-demand reports from one source. PAM was the only one that could provide the granular details we needed with an agnostic platform that eliminated the problem we had trying to integrate different systems,” said J. Travis Pritchett, Vice President and Senior Managing Director, Global Real Estate Strategies, HMC. “It’s a superior product that will streamline a collaborative and transparent process, supporting all levels of our operation.”
RealPage’s PAM is a leading reporting and collaboration software solution for real estate investment firms and management professionals. Rapid data aggregation across all asset types and property management systems delivers daily oversight, including comprehensive evaluations on performance, trends and operations, with transparency into property-level data. On-demand analytics allow stakeholders to quickly combine financial results and operating metrics based upon portfolio attributes that identify opportunities and help evaluate asset management strategies.
Learn more about RealPage Portfolio Asset Management.
About RealPage, Inc.
RealPage is a leading global provider of software and data analytics to the real estate industry. Clients use our platform to improve operating performance and increase capital returns. Founded in 1998 and headquartered in Richardson, Texas, RealPage currently serves over 12,000 clients worldwide from offices in North America, Europe and Asia. For more information about the company, visit https://www.realpage.com.
About Harbert Management Corporation
Harbert Management Corp. (HMC) is an investment management firm focusing on alternative assets, with approximately $4.5 billion in Regulatory Assets Under Management as of December 31, 2016; asset classes include: US Real Estate, European Real Estate, Seniors Housing, US Private Equity, Growth Equity, US Mezzanine Debt, European Growth Capital, Independent Power and Hedge Funds. HMC is headquartered in Birmingham, Ala. and has offices in Atlanta, Dallas, Nashville, New York, Richmond, San Francisco, London, Madrid and Paris. HMC and its affiliates make significant co-investments on the same terms as other investors in all their sponsored funds, helping ensure a sharp focus on returns and strict controls around back office, legal, compliance and reporting.