Acadia Realty Trust Implements MRI’s New Software-as-a-Service (SaaS) Solution

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After recognizing the many benefits of cloud technology, Acadia entrusted MRI Software to meet their property management needs.

MRI's introduction of a SaaS model property management system enables us to work remotely and utilize mobile devices which is huge for companies that want to maintain a competitive advantage. - David Rodriguez, Vice President of Information Technology

As part of their I.T. initiatives, Acadia Realty Trust, a self-managed and self-administered equity REIT in White Plains, New York, was looking to leverage cloud computing to meet the scalability and growth that the business demanded. After enjoying the high configurability of MRI Software’s product line, Acadia saw the value in utilizing MRI’s highly rated Software-as-a-Service (SaaS) platform. By adding the solution, Acadia will strengthen their relationship with MRI and be able to focus on more business critical functions.

“One of our primary goals over the next 6-12 months is to continue to expand our mobile workforce by leveraging cloud technology,” said David Rodriguez, Vice President of Information Technology at Acadia. “This allows Acadia the flexibility to scale and expand to other markets and geographic locations. MRI's introduction of a SaaS model property management system enables us to work remotely and utilize mobile devices which is huge for companies that want to maintain a competitive advantage.”

With MRI SaaS, Acadia will be able to focus on the success and growth of their business instead of worrying about technology concerns. At MRI’s highly secure Tier III+ data centers, Acadia’s data will be protected by detailed back-up and disaster recovery plans with multiple redundancies in place, ensuring minimal downtime in the event of an emergency. Additionally, because MRI SaaS is hosted in the cloud rather than on-premise, their data will be accessible online from any location with Internet access.

“We are happy to expand our relationship with Acadia Realty to include MRI Software-as-a-Service,” said David Post, CEO of MRI Software. “We are looking forward to managing and protecting their critical information and records at one of our highly secure data centers.”

For more information about MRI SaaS, visit our website.

About MRI Software
MRI offers property management software solutions to the global property 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

About Acadia Realty Trust
Acadia Realty Trust is a fully-integrated equity REIT focusing on the acquisition, ownership, management and re-development of high-quality retail properties and urban/infill mixed-use properties with a strong retail component located primarily in high-barrier-to-entry, densely-populated metropolitan areas along the East Coast and in Chicago. Acadia currently owns or has ownership interest in, and operates a portfolio totaling over 10 million square feet. Founded in 1998, Acadia is one of the industry's top performing shopping center REITs. In fact, they are the top-performing shopping center REIT of the past decade and one of the top five among all REITs over the same period.

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April Haviland
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