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CenterPoint Properties Trust Credits Yardi Voyager for Award-winning Efficiency, Business Expansion.

New market penetration, major U.S. government contract, awards from NAIOP and IANA among highlights of first four years with integrated platform

SANTA BARBARA, Calif. -- Industrial real estate company CenterPoint Properties Trust reported that Yardi Voyager[TM] has fueled improvements in operational efficiency and helped the company expand into new markets, win major property development contracts and earn prestigious industry awards.

In July 2011, CenterPoint Properties was named 2011 Developer of the Year by NAIOP, the Commercial Real Estate Development Association. Award criteria included outstanding quality of products and services, demonstrated ability to adapt to market conditions, and leadership in the real estate and general business communities.

Two months later, the Intermodal Association of North America announced that CenterPoint Properties will receive the 2011 IANA Intermodal Achievement Award for making the greatest contribution to the advancement of the intermodal freight transportation industry during the previous year. The award recognizes CenterPoint Properties' role in developing a 6,000 acre master-planned inland port in Joliet, Ill. It is the largest such facility in the U.S., connecting agricultural producers, manufacturers and distributors with multiple Class I railroads.

"In many ways, these awards validate our selection of Yardi in 2007. We knew it had the scalability and functionality we needed to function as a complete real estate organization. Since then it has been the cornerstone of our property management," said Scott Zimmerman, chief information officer for CenterPoint Properties. "We maintain close control over our financial performance and no longer have to merge multiple spreadsheet programs. Also, by automating the tracking of job budgets, fixed assets and maintenance, Voyager helps us comply with accounting standards and gives our auditors fully reliable information."

Zimmerman added, "We compete in two markets--California and New York/New Jersey--that we weren't in five years ago. Voyager helped enable this growth because we didn't have to add property management infrastructure to manage the new properties."

Yardi Voyager was a factor in a contract CenterPoint Properties signed with the U.S. General Services Administration in 2010 to build and lease a 177 acre facility for the National Nuclear Security Administration. "Voyager provided assurance to NNSA that we could finish the project on time and on budget. Seeing the platform and how we use it helped convince them we could get the job done," Zimmerman said.

"Yardi is proud to provide a solution that continues to help CenterPoint Properties meet its business goals. We are also pleased that NAIOP and IANA have extended much-deserved recognition for CenterPoint Properties' visionary leadership," said Terri Dowen, senior vice president of sales for Yardi.

About CenterPoint Properties Trust

CenterPoint Properties Trust, based in Oak Brook, Ill., is focused on the development, ownership and intensive management of industrial real estate and related rail, road and port infrastructure. We add value to our customers through forward-thinking solutions aimed at enhancing supply chain and operating efficiencies. We seek long term relationships with customers, public and private business partners, internal colleagues and the communities where we invest and operate. Our investments, including 8,000 acres under development in intermodal logistics business parks, are strategically located in the nation's transportation hubs. In June 2010, CenterPoint Properties secured a 20-year leaseback agreement for the National Nuclear Security Administration's $4.76 billion national security campus project in Kansas City, Mo. For more information, visit www.centerpoint-prop.com.

About Yardi

Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite[TM], Yardi Commercial Suite[TM] and Yardi Investment Suite[TM], the Yardi Voyager[TM] system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.
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Publication:Business Wire
Geographic Code:1U9CA
Date:Oct 13, 2011
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