Content related to ‘software’

MRI Software Releases Debt Management Solution Focused on Real Estate Industry

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MRI Software LLC, a global leader in property and investment management solutions, has released a debt management solution focused on helping large-scale property owners efficiently manage their portfolio debt obligations. “With the release of MRI Debt Management, we’re taking MRI Software to a whole new level of financial management capabilities. This solution significantly enhances the way our customers manage debt, optimize their portfolio performance, and better anticipate liquidity needs,” said Stephen Baker, Vice President of Product Management at MRI Software. “MRI Software’s Debt Management solution is built on many decades of global real estate financial modeling expertise,” said Oren Rosen, Vice President, Investment Management Solutions. “This solution provides clients accurate debt modeling together with integrated asset valuations to reveal a complete view of their debt position.” With MRI Debt Management, users enjoy more efficiency, reduced risk, and better transparency into their portfolio through the suite’s powerful debt calculation, reporting, and analysis capabilities. The solution provides the ability to model future loan payment and obligation projections, enabling support for optimizing debt positions and potential refinancing opportunities. users can easily forecast loan performance, including covenant testing, and the automation of debt calculations with compliance tools to highlight actual and forecast covenant breaches. Other posts by Real Street Tech NOTE:This is a summary of a post found on Real Street Tech | The Smart Place For CRE.Parts of it may be missing.View the full original article at:

Pennybacker Capital Chooses Asset Life Cycle Software

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Pennybacker Capital recently selected real estate software from Pereview Software to power its real estate investment management platform.  Pereview Software is an enterprise-scale, cloud-based platform designed to enable CRE firms to increase operational efficiency, reduce reputational risk, and automate core manual processes. Launched in 2015, the software was developed by Saxony Partners, a Dallas-based company that offers strategic advisory services, business process optimization, and technology solutions for real estate and financial services organizations. For Pennybacker Capital, the Pereview Software will consolidate key investment data and documents across the life of assets, including acquisitions, underwriting, financing, closing, asset management, fund management, investment management, and dispositions. Pennybacker Capital is a real estate private equity firm that opportunistically invests in all asset classes through both equity and debt structures in sustainable U.S. growth markets. The firm executes a thematic investment approach targeting mismanaged, miscapitalized, or other situationally distressed investment opportunities that are complex, off-market, and/or undervalued. Architecture of Pereview Software (click to enlarge.) Prior to August 2008, the firm was located in Fort Worth, TX, operated as investment firm N3 Capital Partners LLC. “We performed an exhaustive survey of the real estate technology market, and Pereview’s breadth of scope and its focus on the real estate industry vertical made it the right decision for us,” said Michael O’Malley, president and CFO of Pennybacker Capital. “Pennybacker will leverage the power of the Pereview platform to differentiate ourselves in the real estate investment space. We are excited about our partnership with Pereview.” Related articles across the web Integreon Opens Global Delivery Center In Austin, TX Other posts by Anne Cosgrove NOTE:This is a summary of a post found on Real Street Tech | The Smart Place For CRE.Parts of it may be missing.View the full original article at:

New Product Flash: Thermal Comfort Tool, Version 2 from ASHRAE

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An updated tool from ASHRAE provides a user-friendly interface to predict thermal comfort, based on the Society’s standard for thermal environmental conditions. ASHRAE Thermal Comfort Tool, Version 2, maintains consistency with ANSI/ASHRAE Standard 55-2010, Thermal Environmental Conditions for Human Occupancy. The standard specifies the combinations of indoor thermal environmental factors and personal factors that will produce thermal environmental conditions acceptable to a majority of the occupants within the space.