Karney Management Company Selects MRI Software to Streamline Their Budgeting Process

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MRI Software’s Budgeting & Forecasting will empower Karney Management with an integrated, highly configurable solution.

With the added recoveries functionality, Budgeting & Forecasting is an even more powerful financial tool. - David Post, CEO of MRI Software

Karney Management, a privately held commercial real estate company in Los Angeles, has enjoyed the robust property management capabilities of MRI’s Commercial Management as it applies to their diverse industrial portfolio. After learning about MRI’s Budgeting and Forecasting’s intuitive functionality and ability to integrate with the MRI commercial product suite, Karney recognized the value in expanding their partnership with MRI to include this financial solution.

MRI Budgeting & Forecasting is an imperative tool that facilitates collaboration on budgets within a single environment to ensure accurate and consistent data, providing users with a detailed analysis of their financial information. The software optimizes the financial decision-making process by creating budgets and forecasts based directly on live property and accounting data in the existing MRI system.

Budgeting & Forecasting also includes recoveries functionality, providing reforecast specific tools to handle adjustments to a business’s plans over time. By incorporating current and historical actual amounts, departments, leases, rent steps, recovery setup, and area history, users are empowered to build budgets with a higher degree of accuracy.

“With the added recoveries functionality, Budgeting & Forecasting is an even more powerful financial tool,” said David Post, CEO of MRI Software. “We are confident that Karney will have a much faster budgeting process without sacrificing the accuracy of their records.”

For more information about MRI Budgeting & Forecasting, visit our website.

About MRI Software

MRI offers property management software solutions to the global real estate management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, please visit http://www.mrisoftware.com.

About Karney Management Company

Karney Management Company has been in the business of operating, developing and purchasing industrial buildings for more than 55 years. The company’s principals own over 100 buildings through partnerships, encompassing millions of square feet of industrial space leased to warehouse distribution, manufacturing and creative use tenants. The majority of the properties are in the greater Los Angeles and Orange County industrial areas including Marina Del Rey, Torrance, El Segundo, Hawthorne, Vernon, Commerce, La Mirada, Anaheim and Santa Fe Springs, with a number of out-of-state properties. The Company was founded by David V. Karney and operated by him as one of the first significant industrial real estate companies in Southern California. It is now owned and operated by Aliza Karney Guren, CEO and Susanna Karney Flaster, President. Karney Management Company’s senior executive team is headed by Gregg Young, COO, Barry Abrahams, Director of Finance, and Dan Powers, Asset Manager, with over 80 years of experience between them in commercial real estate, including development, acquisitions, brokerage and property, asset and portfolio management.

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April Haviland
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