Cleveland, OH (PRWEB) December 13, 2013
Stonemar Properties, LLC (Stonemar), a real estate investment and management firm headquartered in New York City, plans to expand their portfolio over the next few years by acquiring additional properties. This anticipated growth revealed the company’s need for a more robust property management solution that could effectively manage an increasing array of properties. After reviewing available solutions, Stonemar opted to partner with MRI Software’s industry-leading solutions.
Stonemar will take advantage of MRI Commercial Management (CM), a completely integrated property management solution with robust, configurable reporting capabilities and automated processes. The Commercial Management solution acts as the foundation for the rest of the MRI product suite, and is designed to be flexible enough to meet the unique needs of each client while maximizing profitability of a business’s investments and operations. In fact, CM automates complex calculations like rent changes, late charges, discounted cash flows, and consumer price index (CPI) increases, and recoveries; just to name a few. Additionally, the software allows users to automate several routine tasks, which decreases the possibility of human error.
“We are happy to begin this long-term partnership with Stonemar Properties,” said David Post, CEO of MRI Software. “Our software’s ability to grow alongside a business’s portfolio without sacrificing speed or functionality will greatly assist Stonemar in their expansion efforts.”
MRI’s Accounts Payable solution will also streamline Stonemar’s property management process by enabling users to gain greater control over the accounts payable process. This intuitive web-based solution minimizes manual intervention and provides comprehensive reports on crucial financial data. Moreover, all invoice account numbers are automatically checked against general ledger information. The combination of this industry-leading accounting solution with the commercial management module will provide Stonemar with a robust, scalable solution for the long-term.
For more information about MRI’s Commercial Management, 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 Stonemar Properties
Stonemar Properties, LLC (“Stonemar”) is a vertically-integrated real estate investment and management firm founded in 2003 and headquartered in New York City. The firm specializes in acquiring and managing office, retail, and multi-use properties, including triple-net leased assets, in leading secondary markets throughout the United States. It also selectively acquires boutique assets in primary markets. Stonemar’s senior executives have acquired, managed, and advised on more than $12 billion of real estate-related transactions throughout their careers. Collectively, they have more than 100 years of combined institutional-quality experience in real estate investment, capital markets, property management and redevelopment, leasing, accounting, and investor and tenant relations. The firm’s current portfolio is comprised of more than 1.1 million square feet of stabilized, high-quality, well-located real estate in select U.S. markets. Stonemar’s current investment and financial partners include: Kimco Realty Corporation, The Hampshire Companies, Wells Fargo Bank, Bank of America, and Royal Bank of Canada.