TheNFAPost Podcast

Importance of digitalisation for business continuity is highlighted by leading regional real estate investors

Singapore, NFAPost: Yardi was recently recognised by an organization of major Asia Pacific REITs for its leading real estate technology. The 7th annual gathering of the REITS Asia Pacific conference was held virtually this year due to the COVID-19 pandemic.

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The event recognised the impact of the pandemic on the global economy and real estate industry. Organizers noted that “the impact on the region’s real estate and the REITs sectors had forced a re-evaluation of strategies by market.”

There was also a focus on the importance of accelerating digitalization to increase resilience, and how artificial intelligence can streamline more processes as the real estate industry looks to embrace new technologies.

A recent Gartner survey revealed that approximately 55% of APAC CEOs will take a measured approach as to when employees would return to the office, meaning that remote work will be part of their long-term vision for the future. As such, the importance of the software powering business functions and connectivity has never been more important.

Technical innovation

Yardi was the sole honoree in the “Best Real Estate IT Software” category at REITs Asia Pacific, in recognition of technological innovation, client responsiveness and continued excellence.

Yardi vice president of international Neal Gemassmer said Yardi is proud to be recognised by REITS Asia Pacific as provider of the Best Real Estate IT Software award.

“We continue to focus on innovation and helping the real estate industry to enhance their services through changing market conditions, as has been Yardi’s software development best practice for nearly four decades,” said Yardi vice president of international Neal Gemassmer.

Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, California., and serves clients worldwide.

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